Crypto KOL POW Sells Again for Approximately $600,000 in LAUNCHCOIN

On May 16th, based on Coinglass data, if Bitcoin drops below $102,000, the cumulative intensity of long liquidation on mainstream CEXs will reach $1.148 billion. Conversely, if Bitcoin rises above $105,000, the cumulative intensity of short liquidation on mainstream CEXs will reach $0.821 billion. BlockBeats Note: The liquidation chart does not disclose the exact number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, intensity. Therefore, the liquidation chart shows to what extent reaching a certain price level will affect the market. Higher "liquidation bars" indicate that when the price reaches that level, it will trigger a more significant reaction due to a liquidity cascade.

On May 16th, the Boston Fed of the Federal Reserve stated that due to uncertainties, a rate cut is anticipated this year. The economic growth rate for this year might be 1% or 0.5%. Economic growth is projected to decelerate, but I do not believe a recession will take place. (Xinhua Finance)

On May 16th, Trump declared that U.S. officials would shortly send letters to various countries concerning the trade agreement matter.

On May 16th, as reported by Cointelegraph, cryptocurrency analyst Apsk32 declared that Bitcoin has achieved a new high following gold. This theory is highly favored among bullish investors. Historically, Bitcoin has a tendency to rise after gold has been on an upward trend for several months. With the price of gold surging to a historical high of $3,500 per ounce, the future price trend of Bitcoin has also become more optimistic. Apsk32 mentioned the concept of the "Power Law Corridor," which measures the Bitcoin price in terms of gold ounces to reduce the impact of USD inflation. If Bitcoin's network value (measured in gold) continues to develop along the Power Law Corridor and gold maintains its current price while the Bitcoin price returns to the five-year leading support track, this year's target could reach $444,000. However, this week, Apsk32 believes that a more "reasonable" target price for 2025 is around $220,000. He also stated that if the Bitcoin price exceeds $250,000, it

On May 16th, Trump said, "We have $10 trillion in investment, and we are currently looking at increasing it to approximately $13 trillion."

On May 16th, as monitored by @ai_9684xtpa, MapleStory went live on the Avalanche sub-chain Henesys, and it required a registered wallet to download the game. Wallet data showed significant front-loading on May 14th, while transaction and token data reached their peaks yesterday: · On May 14th, the number of active addresses reached 1.15 million. · On May 15th, the number of transactions reached 103,000. · On May 15th, the number of NESO holding addresses was 3810, and the number of NXPC holding addresses was 3080. · On May 15th, there were 973 buyers and 2540 sellers on the Marketplace.