lxuan.eth spent 2,040,000 USDC to purchase 74,893 HYPE

On May 17th, based on Coinglass data, the total open interest of Bitcoin futures contracts on the network amounts to 640,810 BTC (approximately $66.09 billion). Among them, the open interest of the CME Bitcoin futures contract is 156,820 BTC (approximately $16.17 billion), ranking first. The open interest of the Binance Bitcoin futures contract is 110,840 BTC (approximately $11.43 billion), ranking second.

May 17th. U.S. President Trump claimed that the prevailing view in the market is that the Fed is supposed to cut interest rates — yet "Powell, who is constantly lagging behind," is likely to spoil it once again.

On May 17th, US President Trump announced that he will have a phone call with Russian President Putin at 10 a.m. (local time) on Monday. After that, he will have a conversation with Zelensky. Subsequently, there will be discussions with all NATO member countries. (Xinhua Finance)

On May 17th, David Duong, the Research Director of Coinbase Institutional, posted on social media, saying, "The paragraph I composed on Thursday night remains valid: Last week, the rise of ETH was mainly driven by technical factors and was supported by a large number of misaligned positions, short covering, and subsequent re-leveraging. This round of gains is actually ETH catching up and keeping pace with peers such as BTC and SOL." However, we think that such price movement does not necessarily suggest a strong overall market willingness to allocate to ETH at a broader level, and the demand still seems limited.

On May 17th, according to cloverpool data, the Bitcoin mining difficulty underwent a mining difficulty adjustment at block height 897,120 (at 22:01:56 Beijing time today), experiencing a 2.13% increase to 121.66 T; the current average network hash rate over the past seven days is 846.6 EH/s.

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 Then, these funds were withdrawn from the bank and taken to a virtual asset exchange store to be converted into cryptocurrency for money laundering.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