Wisconsin Investment Board Sells Its Bitcoin ETF Holdings

On May 16th, according to official information, Pharos, a Layer 1 public chain centered around TradFi, has officially launched its testnet. It should be noted that Pharos founder and CEO Alex Zhang previously held the position of CTO at AntChain; Pharos co-founder and CTO Meng Wu used to be the Chief Security Officer of Ant Financial's Web3 business; Pharos CMO Laura Shen was previously the Head of Solana Mobile Marketing at Solana Labs. BlockBeats previously reported that on November 9, 2024, Pharos completed an $8 million seed round of funding, with Lightspeed Faction and Hack VC leading the investment and SNZ Capital participating as a strategic investor. Other investors include Dispersion Capital, Hash Global, Generative Ventures, MH Ventures, Zion, and Chorus One.

On May 16th, as monitored by Farside Investors, yesterday the US Bitcoin spot ETF witnessed a net inflow of $114.9 million. Among them, the net inflow of BlackRock's BIT reached $409.7 million.

On May 16th, according to Farside Investors, yesterday the net outflows of the US Ethereum spot ETF were $39.8 million. Fidelity FETH witnessed a net outflow of $31.6 million, and Grayscale ETHE saw a net outflow of $16.6 million.

On May 16th, according to @ec_unoxx's Dune Data Dashboard, the on-chain fund net inflow rankings of Solana over the past 24 hours are as follows: The net inflow of Fartcoin is $2.35 million; The net inflow of POPCAT is $429.6 thousand; The net inflow of STARTUP is $318.4 thousand; The net inflow of jellyjelly is $284.5 thousand; The net inflow of MNDE is $189.9 thousand.

On May 16th, as per the monitoring of LookOnChain, a whale deposited 49,858 SOL into Kraken 7 hours ago (which is approximately $8.46 million), resulting in a loss of $3.11 million. Six months ago, the whale withdrew 48,185 SOL from Kraken at a price of $240 per coin (approximately $11.58 million) and staked them. During this period, they received 1,673 SOL (approximately $286,000) in staking rewards. However, ultimately, they suffered a loss of $3.11 million due to the price drop.

On May 16th, according to GMGN market data, the second-largest whale of LAUNCHCOIN entered a position in LAUNCHCOIN 30 days ago with an initial investment of $9074 and still holds it. Currently, it has an unrealized gain of $4.1 million. The whale currently holds 20.31 million tokens, accounting for 2.03% of the total supply and ranking first in individual holdings. On the 15th, LAUNCHCOIN reached a peak market capitalization of $340 million. Based on this, the whale's maximum unrealized gain was about $7.1 million, and the profits have now been retraced by $3 million.