Musk Changes Twitter Name Back to "Elon Musk"

On May 17th. According to Republican Senator Bill Hagerty and Democratic Senator Kirsten Gillibrand, who are in favor of stablecoin regulation. Although there was a recent setback, the U.S. legislation aimed at regulating stablecoin issuers, the Guidance and Examining Nonbank Innovators in the United States (GENIUS) Act, may enter the debate and approval phase as early as next week.

On May 17th, based on the monitoring of on-chain data analyst Yu Jin, the suspected affiliated address of the Lido team has once again transferred 6.7 million LDO (approximately $6.61 million) to Binance, OKX, Bybit, and Gate within the past 24 hours. This entity or team has cumulatively transferred 17.81 million LDO (approximately $18.14 million) to CEX over the past 4 days. During this period, the price of LDO has retraced from $1.16 to the current $0.93, representing a 20% decrease.

On May 17th, based on the monitoring of LookOnChain, as the overall market dragged down altcoins, the address that previously spent $2.95 million to open a 25x short position on ETH via HyperLiquid and 10x leverage shorts on PEPE, WIF, and OP has made a profit of $2.4 million in less than 4 hours. It is worth noting that before this high-leverage short operation, the address had been dormant for 4 years.

On Friday, May 17th, the hacker implicated in the "SEC X Account Hacking Case" earlier this year was given a 14-month prison sentence. The individual, who in January of this year utilized an SEC account to falsely assert that the agency had approved a Bitcoin spot ETF (with the actual approval announcement being made by the SEC within less than 24 hours). The 26-year-old Eric Council pleaded guilty in February to the crime of conspiring to commit identity theft. According to court records, the compromised identity belonged to a U.S. Securities and Exchange Commission (SEC) employee referred to as "CL", who had access to the agency's X account. Council admitted to impersonating CL in order to gain control of their phone number and subsequently, the SEC's X account. His accomplice ultimately paid him $50,000 worth of Bitcoin and other cryptocurrencies.

On May 17th, according to the monitoring of on-chain data analyst @ai_9684xtpa, last night, the "Whale Address that Borrowed to Long 8613 ETH" borrowed an additional 5 million USDT and bought 1930 ETH during the market downturn 10 hours ago. Currently, this address has a total of 10543 ETH as collateral and has borrowed 15 million USDT. The average long price is $2,608.36, and it has experienced an unrealized loss of $1.383 million.

On May 17th, Galaxy Digital was officially listed on Nasdaq this Friday under the stock symbol GLXY. In early trading on the first day, the stock price surged by 14%, then fell back to the opening price, erasing the previous gains, and finally closed at $22.66.