SEC X Account Hacked, Hacker Sentenced to 14 Months in Prison

On May 17th, according to Coinglass data, the top net inflows of funds in the cryptocurrency spot market within the past 24 hours are as follows: There is a net inflow of $152 million in USDT; There is a net inflow of $13.67 million in USDE; There is a net inflow of $10.65 million in FORM; There is a net inflow of $8.38 million in EUR; There is a net inflow of $3.67 million in UNI. The top net outflows of funds in the cryptocurrency spot market are as follows: There is a net outflow of $194 million in BTC; There is a net outflow of $113 million in USDC; There is a net outflow of $57.5 million in XRP; There is a net outflow of $52.68 million in SOL; There is a net outflow of $21.81 million in DOGE.

On May 17th, according to official sources, Binance Alpha has launched REX (REX).

Tether has minted 16B $USDT on #Tron in 2025. In total, Tether has issued 75.7B $USDT on #Tron—surpassing #Ethereum.

On May 17th, according to the monitoring of on-chain data analyst Yu Jin, "Big Brother MaJi" Huang Licheng continued to spend 1 million USDC to purchase 36,759 HYPE tokens one and a half hours ago. Today, he has used a total of 1.75 million USDC to purchase 64,043 HYPE tokens, and the average price is $27.3.

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).