Bitcoin Mining Difficulty Increases by 2.13% to 121.66 T
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.
24 minutes ago
Hong Kong Police Bust Money Laundering Syndicate Through Virtual Asset Exchange Shop, Involving HK$118 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 Then, these funds were withdrawn from the bank and taken to a virtual asset exchange store to be converted into cryptocurrency for money laundering.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
24 minutes ago
lxuan.eth is selling 49.13 WBTC, approximately $5.03 million
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.
24 minutes ago
The current mainstream CEX and DEX funding rate display shows that the market has been leaning towards bearish trading.
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.
24 minutes ago
A whale has withdrawn nearly 9 million USDC from Hyperliquid in the last 24 hours.
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.
24 minutes ago
BNB ecosystem project BUILDon (B) and the Fourmeme platform are jointly hosting a USD1 Trading Competition with a prize pool of USD 200,000.
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
24 minutes ago
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