A whale address withdrew 13,800 ETH from Coinbase to repay a loan, with 32,377 ETH still to be repaid.

On May 16th, according to official channels, the U.S. Securities and Exchange Commission (SEC) has put out Frequently Asked Questions (FAQs) associated with crypto asset activities and distributed ledger technology. These FAQs cover broker-dealer custody rules, the in-kind creation of crypto ETFs, the net capital treatment of Bitcoin and Ethereum, and the transfer agent rules for tokenized securities. Commissioner Hester Peirce characterized this guidance as an "incremental move" and reminded that non-securities crypto assets are not safeguarded by the Securities Investor Protection Act (SIPA).

On May 16th, according to the analysis of crypto KOL niftywap.eth, the Believe platform is amassing the token supply for its ecosystem token through a fee mechanism. Taking the meme coin Theranos as an example, in the past 24 hours, the Believe platform has accumulated 2.3% of the token supply (which is currently locked) and has risen to the third-largest holder, second only to theranoscexwallet.sol. niftywap.eth further stated that if the fees used for the token could be distributed to the team, the issue of the listing fund would be alleviated. The team needs several percentage points of funding to survive and get listed on a centralized exchange (CEX). Whale users are not willing to donate, and they shouldn't. As long as the team uses these fees for marketing and listing projects, this is the new gold standard.

On May 16th, as monitored by Onchain Lens, the Trump family's crypto project WLFI expended $3 million to purchase EOS, with an average purchase price being $0.825.

On May 16th, according to GMGN data, the crypto KOL pow sold approximately $600,000 worth of LAUNCHCOIN just 5 minutes ago. Before this, the crypto KOL pow ( @traderpow ) sold 7.6 million LAUNCHCOIN this morning at a price of $0.203, and exchanged them for 9,040 SOL (worth $1.54 million).

May 16th. As per Red Star News, on May 15th, the Public Security Bureau of Sichuan Province in China publicly disclosed 10 typical cases of economic crimes. One of these cases is the "2?6" illegal operation (foreign exchange) case. Since August 2021, Fan, He, Chen and others in Chengdu successively established studios and technology consulting companies. They used social networking software to conduct targeted customer diversion. They colluded with domestic agents of overseas currency exchange institutions and provided RMB cross-border illegal remittance services through methods such as overseas gift card cashout and virtual currency wash trading. The total amount involved exceeded 3.9 billion RMB. The case successfully arrested 21 criminal suspects and is scheduled to complete the investigation by December 2024 and transfer it for review and prosecution.

On May 16th, the renowned semiconductor analyst Dylan Patel declared that the United States has signed two landmark agreements with the United Arab Emirates (UAE) and the Kingdom of Saudi Arabia (KSA), which will bring about a significant shift in the power balance. These agreements will exert a profound influence on the economy, geopolitics, and national security, and will consolidate the U.S.'s leadership in the field of artificial intelligence. Dylan Patel holds the view that these agreements are transformative, elevating the accessibility of the U.S. artificial intelligence infrastructure to a new height and addressing bottlenecks such as power. All U.S. infrastructure suppliers will reap benefits, ranging from GPU manufacturers to artificial intelligence labs, and to cloud computing, and so on. Dylan Patel's aforementioned viewpoints were retweeted by White House Cryptocurrency and Artificial Intelligence Czar David Sacks. In previous news, U.S. President Trump finalized a $200