24-Hour Spot Funding Flow: BTC Net Outflow of $194 Million, SOL Net Outflow of $52.68 Million

On May 17th, as per The Washington Post, the forthcoming TRUMP banquet slated for May 22nd is set to bring together former President Trump with a cohort of "deep-pocketed" (wealthy) cryptocurrency participants from across the globe. A number of these individuals have indicated that they aspire to utilize this occasion to sway Trump's stance on cryptocurrency regulation or to seek other advantages through interaction with the U.S. President. The identities of the vast majority of cryptocurrency holders invited to the banquet, subsequent to the completion of the registration for the competition earlier this week, have not been made public. Many of them employ untraceable wallets with undisclosed sources of funding. While engaging with Trump, they may also opt to remain anonymous—one cryptocurrency investor mentioned that the event organizers informed him that neither media nor photographic equipment would be permitted inside the banquet venue. Currently, at least six prominent h

On May 17th, according to The Paper, the Pudong Police in Shanghai recently managed to dismantle a criminal gang. This gang used "labor recruitment" as a guise to assist overseas fraud groups in transferring funds. They recruited individuals to register virtual currency wallets, thereby providing illegal fund circulation accounts for fraudulent activities. On April 13th, a local resident, Mr. Tang, received a "payment on delivery courier" text message. He then contacted the sender to cancel the delivery. The sender asked for his bank card information and requested him to click on a link. After clicking on the link, Mr. Tang entered his bank card number and verification code as instructed. Later, he found that his bank account had been debited, resulting in a loss of over one million RMB. He promptly reported the incident to the police. Upon receiving the report, the police quickly established a task force to conduct an investigation. They identified a criminal gang led by individuals

May 17th. According to official channels, under the impetus of the lightweight and highly sticky design concept, Bombie has emerged as the Web3 project with the highest revenue on the Telegram and LINE platforms. With its native token BOMB on the verge of commencing TGE (Token Generation Event), Bombie is breaking away from the traditional GameFi development pattern of "peaking upon launch." By leveraging mechanisms like IAS (Incentive and Alignment System), it is constructing a sustainable ecosystem model to achieve a long-term and deep integration of player behavior and token value. Currently, Bombie has accomplished user accumulation and the construction of the content system prior to TGE. The launch of the new game CapyBomb has further fortified the revenue loop and deepened user participation. From a more long-term operational perspective, Bombie is reshaping the industry's definition of TGE, regarding it as the starting point for the release of ecosystem value rather than a cycl

On May 17th, a preview of next week's key events and data is as follows: Monday: Fed Vice Chair Jefferson will give a speech. Wednesday: The Boston Fed holds a meeting, and Harker and Daly will deliver keynote speeches. Thursday: US Initial Jobless Claims will be reported up to the week ending May 17th. Friday: New York Fed President Williams will deliver a keynote speech at the Monetary Policy Implementation Workshop. (FXStreet)

On May 17th, according to DefiLlama data, it is reported that the current total market capitalization of stablecoins in the network is $2438.38 billion. There has been a 0.45% increase in the past 7 days. The market dominance of USDT is 62.26%.

On May 17th, CryptoQuant analyst Axel Adler Jr. put up on social media, saying, "During the present bull market cycle, when compared with the price movement in 2021, traders who were betting on a price decline have been much more cautious when setting up short positions. The only significant long squeeze took place during a pullback in Bitcoin around the $80,000 level." This change in sentiment shows that shorts have become more risk-averse, which is generally regarded as a bullish sign.