24-Hour Spot Funding In/Out Ranking: TRX, UNI, TRUMP Among Top Inflows

On May 18th, as per a report by CoinDesk, based on CoinDesk Research's technical analysis data model, DOGE established a crucial support at $0.212, and a rebound with high volume confirmed the interest of buyers. Over the past month, whale accounts have accumulated more than 1 billion DOGE, bringing their total holdings to 25.97 billion DOGE, suggesting that large investors are gearing up for a potential upward movement. Technical analysis indicates that DOGE formed a price range between $0.211 and $0.220 in the past 24 hours, validating the support area at $0.212. Analysts note that despite the ongoing macroeconomic headwinds, DOGE remains above key moving averages and has formed a potential bull flag pattern. If this is confirmed by sustained buying pressure, it could potentially drive the target price towards $0.35. Currently, retail futures trading activity is at a neutral level, indicating the potential for further growth before the market becomes overheated.

May 18th. As per Cointelegraph, the 67-year-old retired artist, Ed Suman, fell prey to a fake Coinbase customer support scam earlier this year and lost more than $2 million worth of cryptocurrency. Suman had been engaged in the art industry for nearly two decades, specializing in metalworking and contributing to the creation of renowned artworks like Jeff Koons' "Balloon Dog." After his retirement, he invested the majority of his savings in cryptocurrency, holding a total of 17.5 Bitcoins and 225 Ethers, all stored in a Trezor Model One hardware wallet. In March of this year, Suman received a text message that was disguised as a warning from Coinbase about unusual account activity. Subsequently, a scammer who claimed to be "Coinbase security officer Brett Miller" called him and accurately knew his hardware wallet information. Under the guise of a "security upgrade," the scammer persuaded him to enter his recovery seed phrase on a phishing website. Nine days later, another fraudster re

On May 18th, based on Coinglass data, if Bitcoin manages to break through $105,000, the cumulative short liquidation intensity on mainstream CEX will reach 7.13 billion. On the other hand, if Bitcoin drops below $102,000, the cumulative long liquidation intensity on mainstream CEX will reach 7.04 billion. BlockBeats Note: The liquidation chart does not disclose the exact number of contracts awaiting liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, intensity. Consequently, the liquidation chart shows to what degree the price of the underlying asset will be influenced when it reaches a specific position. A higher "liquidation bar" indicates that the price will experience a more intense reaction due to a liquidity cascade when it reaches that level.

On May 18th, NVIDIA (NVDA.O) is aiming to decrease its dependence on large tech companies. It is seeking to form new partnerships in order to sell its AI chips to national states, corporate groups, and those challenging groups like Microsoft, Amazon, and Google. This week, NVIDIA announced a multi-billion-dollar US chip deal with Humain in Saudi Arabia. Meanwhile, the UAE disclosed plans to cooperate with the US government to build one of the world's largest data centers. These "sovereign AI" transactions play a crucial role in NVIDIA's strategy to attract customers outside of Silicon Valley. NVIDIA executives, industry insiders, and analysts stated that the $3.2 trillion chipmaker intends to expand its business beyond mega-scale enterprises. NVIDIA mentioned that large cloud computing groups account for more than half of its data center revenue and are actively providing support to potential competitors of Amazon Web Services, Microsoft Azure, and Google Cloud. This includes promotin

May 18th: The current mainstream CEX and DEX funding rates have witnessed a slight rebound, and the market has become cautiously bullish. The specific funding rates for mainstream currencies are presented in the attached image. BlockBeats Note: The funding rate is a rate set by cryptocurrency trading platforms to maintain the balance between the contract price and the underlying asset price. It is usually applicable to perpetual contracts and serves as a funding exchange mechanism between long and short traders. The trading platform does not charge this fee. Its purpose is 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 18th, Coinbase made an announcement. Webull Pay has chosen Coinbase to be its cryptocurrency partner and will make use of Coinbase's Cryptocurrency as a Service (CaaS) platform. Webull Pay will employ Coinbase's institutional-level custody services, advanced trading capabilities, USDC, and staking services.