This week, the U.S. Ethereum Spot ETF saw a cumulative net inflow of $41.8 million.

May 17th. According to "The Hong Kong Business Times", the Hong Kong police carried out an operation named "Night Raid" to dismantle an active cross-border money laundering group operating between the Chinese mainland and Hong Kong. This money laundering group recruited individuals from the Chinese mainland to open bank accounts in Hong Kong to receive the proceeds from fraud cases. Then, these funds were withdrawn from the bank and taken to a virtual asset exchange store to be converted into cryptocurrency for money laundering. During the operation, 12 men and women were arrested, and criminal proceeds of HK$118 million were involved. Chief Inspector Law Yuen-san of the Fraud Investigation Team of the Hong Kong Commercial Crime Bureau stated that from July 2024 to May 2025, the criminal group recruited individuals from the Chinese mainland to act as puppet account holders in Hong Kong. These accounts were mainly used to receive the proceeds from various types of fraud cases. During t

On May 17th, based on the monitoring of @ai_9684xtpa, the whale address lxuan.eth sold 49.13 WBTC within the past three hours. The total amount sold was $5.03 million, and the average selling price per coin was $102,424.

On May 17th, based on Coinglass data, the current funding rates of mainstream CEX and DEX show that the market has a tendency to be bearish in trading. Please refer to the specific funding rates for mainstream coins as shown in the attached image. BlockBeats Note: The funding rate is a rate set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price. It is usually applicable to perpetual contracts and is a mechanism for fund exchange between long and short traders. The trading platform does not charge this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price. When the funding rate is 0.01%, it represents the baseline rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.

On May 17th, based on HyperInsight data, a whale has just withdrawn 999,999 USDC from Hyperliquid. In total, 8,999,991 USDC have been withdrawn from Hyperliquid in the past 24 hours.

May 17th. According to official information, the MEME project BUILDon within the BNB Chain ecosystem (referred to as B) announced that it will jointly hold a trading competition with a trading volume of USD1 together with the Fourmeme platform. The prize pool for this competition reaches up to $200,000. The trading competition will officially commence at 20:00 UTC on May 17th, with the aim of further promoting the practical application of the USD1 stablecoin in on-chain scenarios. BUILDon, as a MEME project with the core concept of "building on the BNB Chain", took the lead in actively responding to the call to build the decentralized stable asset USD1 on the BNB Chain and became the first on-chain project to fully support and integrate the USD1 stablecoin. Decentralized stable assets are a key foundation for the future development of Web3, and the deep cooperation between B and USD1 is a manifestation of this strategic direction. According to CoinMarketCap data, the trading volume o

On May 17th, as per official channels, the U.S. Securities and Exchange Commission (SEC) declared that it is scheduled to hold a roundtable discussion on June 26th with representatives from listed companies, investors, and relevant experts to deliberate on executive compensation disclosure requirements. The SEC pointed out that executive compensation disclosure requirements are continuously expanding and are increasingly focusing on changes in the various components of compensation rather than the total amount of compensation. "It remains unclear whether the enhanced complexity provides investors with additional information that is crucial for investment and voting decisions." However, a retrospective review of executive compensation disclosure rules must be carried out to ensure that these rules remain cost-effective, providing key information disclosure while avoiding excessive non-essential information.