RAY Surges Over 21% in 24 Hours, Currently Trading at $3.715

On May 14th, based on HTX market data, Bitcoin surged to above $104,000 and is now trading at $104,078.

On May 14th, Matt Hougan, the Chief Investment Officer of Bitwise, stated in the latest report that Bitcoin is the king among crypto assets - the largest in scale, the strongest in liquidity, the most mature, similar to "digital gold", and the only crypto asset with the potential to become a globally significant currency. Nevertheless, most investors should still hold other crypto assets, such as Ethereum. Ethereum has surged by 40% just in the past week, which prompts investors to consider diversifying their investments beyond Bitcoin.

On May 14th, the cryptocurrency mining firm Bitfarms released its Q1 2025 performance report. It was stated that the company mined a total of 693 BTC in the first quarter. The average direct production cost per BTC was $47,800. The all-in cash cost per BTC was $72,300. During the first quarter, Bitfarms sold 428 BTC. The company's total revenue for Q1 was $67 million, showing a 33% year-over-year increase. The mining gross margin was 43%, which was lower than the 63% in Q1 of 2024.

On May 14th, Strategy analyst Jeff Walton, in a documentary filmed by Financial Times with the title "Michael Saylor's $40 Billion Bitcoin Bet", expressed that with the financial might provided by Bitcoin, MicroStrategy will ultimately become the world's leading public company in terms of market capitalization. Presently, MicroStrategy possesses approximately 568,840 BTC (valued at $59 billion), and analysts hold the view that this edge will enable it to outstrip all listed companies in the future. Michael Saylor himself also stated in the documentary that the price of Bitcoin is certain to surpass one million dollars within 10 years and achieve a tenfold increase in 20 years.

On May 14th, as monitored by Onchain Lens, a whale deposited 4.4 million USDC into HyperLiquid. It then opened a short position on ETH with a leverage of 20x and a short position on XRP with a leverage of 8x.

May 14th: U.S. President Trump said, "I have faith in artificial intelligence." (Xinhua News Agency)