Binance Alpha's trading volume reached $770.4 million yesterday, hitting another all-time high.

May 16th. The Federal Reserve Bank of New York collaborated with the Bank for International Settlements (BIS) to jointly release a research report named "Project Pine," which aims to test the feasibility of implementing monetary policy using smart contracts in the tokenized financial market. The Project Pine research report indicates that the New York Fed Innovation Center and the BIS Innovation Hub jointly developed a prototype of a smart contract-based central bank monetary policy implementation toolkit. This toolkit is capable of supporting operations such as interest rate payments, asset purchases, and collateral management. It has been tested across 10 historical simulation scenarios, including those of market turmoil and liquidity crunch situations. The report highlights that smart contracts possess the ability to quickly deploy and adjust monetary policy tools, thereby providing flexibility and efficiency for future central bank policy execution in a tokenized financial system.

On May 16th, spot gold witnessed an accelerated decline. The short-term decline expanded by nearly $30, falling below $1,770 per ounce, with an intraday drop of 2.18%. (Golden Finance)

Trump's World Liberty(@worldlibertyfi) spent 3M $USDT to buy 3.64M $EOS via PancakeSwap on BSC and spent 3M $USDT to buy 3.75M $A via 1DEX on exSat Network today. EOS (EOS) has rebranded to Vaulta (A).

On May 16th, according to Bitcoin Magazine, since the implementation of a Bitcoin reserve strategy, the stock price of The Blockchain Group has surged by 1100% in the past 6 months.

On May 16th, Glassnode announced that the short-term holders of Bitcoin have begun to take profits. The Short-Term Holder Realized Profit has surged to approximately 3 standard deviations above its 90-day average, signifying a notable increase in profit-taking activities. Nevertheless, in past cycles, particularly during price rallies reaching All-Time Highs (ATH), this metric frequently rose to over 5 standard deviations. This implies that in order to overcome the continuous inflow of buying demand, typically a stronger profit-taking pressure is required. The rise of Bitcoin to near its ATH has been primarily driven by the spot market, reaping benefits from strong on-chain accumulation and off-chain inflows. The demand mainly stems from spot ETFs and major spot exchanges such as Coinbase. A crucial cost support area has formed around $95,000, accompanied by a slowdown in selling pressure, further strengthening this upward trend. However, the derivative market appears to be lagging b

On May 16th, President Trump of the United States stated that a lot of good things will take place in the coming month. (Xinhua News Agency)