The Argentine judicial system has frozen the assets of individuals behind LIBRA and has requested the lifting of President Milei and his family's banking secrecy to conduct further investigation.

May 17th. According to official information, the founder of Ethereum, Vitalik, will participate in the ETH Beijing Hackathon remotely and give a keynote speech. The theme of this speech is "Ethereum Consensus Layer Upgrade (Beam Chain)", and the specific time is 2:00 PM on May 17th, 2025 (Beijing time).

On May 17th, the on-chain data analyst Murphy posted on social media that recently, the average cost of Bitcoin Long-Term Holders (LTH) has witnessed a sudden and rapid increase. The 7-day cost change rate has reached 9.57%. This situation occurred not only due to some Short-Term Holders (STH) converting their high-cost chips into LTH but also because some low-cost long-term chips were sold, resulting in an overall cost increase. Currently, the average cost of LTH is around $31,000, indicating that a significant amount of chips priced below $31,000 have been sold, leading to a rapid rise in the overall cost. Murphy further explained that LTH holders, known as "Diamond Hands," usually trade very rarely. Their selling actions are mainly based on "panic" or "hedging." In the current situation, there is no "panic," so it is possible that LTH holders may feel that the price is approaching what they perceive as the top and are starting to gradually exit (LTH's judgment may also be wrong).

On May 17th, as monitored by Farside Investors, it was observed that there was a net inflow of $22.2 million in the US Ethereum spot ETF yesterday. This includes: - Fidelity FETH: +$13.6 million - Grayscale Mini ETH: +$8.6 million

On May 17th, as monitored by Farside Investors, the net inflow of $260 million into US Bitcoin spot ETF yesterday included: BlackRock IBIT: +$129.7 million Fidelity FBTC: +$67.9 million ARK ARKB: +$5.8 million Grayscale Mini BTC: +$4.6 million

On May 17th, based on CoinGecko data, the trading volume on the Upbit platform in the past 24 hours reached $1.824 billion, and the 24-hour trading volume decreased by 39.1%. Among them, the XRP/KRW trading pair accounted for 14.85% of the trading volume and ranked first in the Korean won market. The remaining top five in order were: NXPC, ETH, BTC, KAITO.

May 17th. According to the monitoring of on-chain data analyst @ai_9684xtpa, a whale address that borrowed coins to take a long position on ETH ultimately gave up. In the past hour, it liquidated 10,543 ETH at an average price of $2473.61 (approximately $26.08 million). Since the average price of the address's long position was $2608.36, this leveraged long position led to a total loss of $1.42 million. BlockBeats previously reported that the address initially "borrowed coins to take a long position on 8613 ETH" and during a market downturn 10 hours ago, it borrowed an additional 5 million USDT to purchase 1930 ETH.