Grayscale Research Director: Bitcoin Dominance Rate May Stabilize Instead of Seeing Sharp Declines
On May 17th, as per Decrypt, Zach Pandl, the Director of Research at Grayscale, declared that "When the market focuses on macroeconomic instability and the risks faced by the US dollar, Bitcoin's dominance may rise. Conversely, when the market focuses on various applications of blockchain technology and innovation in the crypto space, Bitcoin's dominance may decline."
Bitcoin has reaped benefits from being regarded as a "non-sovereign asset" similar to gold and has also absorbed the majority of the inflows in the crypto market through products like the approved ETF last year.
Over the next approximately 9 to 12 months, it is more likely that Bitcoin's market share will stabilize between 60% and 70% of the overall crypto market rather than experiencing a sharp decline. This judgment is not straightforward as both Bitcoin and altcoins have different bullish factors that could come into play.
From a macro perspective, we are optimistic about Bitcoin; and from a technological developmen
29 minutes ago
lxuan.eth spent 2,040,000 USDC to purchase 74,893 HYPE
On May 17th, as monitored by Onchain Lens, the whale address "lxuan.eth" deposited 2.04 million USDC into Hyperliquid and bought 74,893 HYPE tokens at a price of $27.34 per token.
29 minutes ago
The UK cryptocurrency company will need to report each user and each transaction, or face severe penalties
On May 17th, as per DL News, commencing from January 1, 2026, cryptocurrency companies operating within the UK will be mandated to collect and report detailed user and transaction data in accordance with a novel rule introduced by the UK tax authority.
This alteration stems from the UK's adoption of the Crypto Asset Reporting Framework (CARF) - a global standard devised to combat tax evasion and introduce transparency to the crypto industry in alignment with the banking system.
Under the fresh rule, crypto platforms are obligated to identify each user and document their legal identity details, address, and taxpayer identification number.
Furthermore, platforms must also record every transaction involving UK users or those from other CARF-participating countries, encompassing details such as the transaction amount, asset type, quantity, and the nature of the transfer.
These requisitions also extend to overseas companies catering to UK customers. In the event that the reporting infor
29 minutes ago
OKX will support EOS Mainnet Swap
On May 17th, according to an official announcement, OKX will support a 1:1 token swap based on the EOS official plan. The original EOS assets will be swapped for a new token A. A snapshot will be taken on May 27, 2025. The snapshot accounts include funding accounts and trading accounts. After the swap is completed, the held EOS assets will be exchanged for A and distributed to the funding account. The trading and withdrawal/deposit time for A will be notified separately.
29 minutes ago
The host of the TRUMP dinner party explicitly prohibits media or photography equipment from entering the venue
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
29 minutes ago
Shanghai Police in China Bust Virtual Currency Account Trafficking Gang Assisting Overseas Scam Fund Transfers, 11 Arrested
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
29 minutes ago
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