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Ethereum-Based USDC Usage Reaches All-Time High

8 hours ago

On May 25th, according to Token Terminal data, the usage of USDC on Ethereum has achieved a brand new record high. The outstanding supply amounts to approximately $4 billion. The monthly transfer amount of USDC is about $635 billion, and there are around 7.2 million transfers per month.
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Trader Eugene: James Wynn's high-leverage public position opening behavior is usually "more harm than good"

On May 25th, renowned trader Eugene Ng Ah Sio shared on his personal platform, stating, "James Wynn is inclined to take a significant position in the public domain, which is rather intriguing. In light of past experiences, this generally tends to be a rather unwise move, as the negative spillover effects often overshadow the positive influence. How he is able to manage such a substantial position over the long term and make use of 10-20 times leverage will be a crucial point worthy of close observation."

15 minutes ago

Five Whales bought 794,104 HYPE in the past 2 days, equivalent to around $27.8 million.

On May 25th, according to the monitoring of LookOnChain, in the past 2 days, five whales have made purchases of 794,104 HYPE tokens (amounting to 27.8 million US dollars), among which: · 0x24aB purchased 448,071 HYPE tokens at a price of 34.94 US dollars (15.65 million US dollars). · 0x13706 bought 149,860 HYPE tokens at a price of 35.22 US dollars (5.28 million US dollars). · 0x033E acquired 81,634 HYPE tokens at a price of 35.45 US dollars (2.89 million US dollars). · 0x9553 obtained 57,158 HYPE tokens at a price of 35.04 US dollars (2 million US dollars). · 0xFa0F bought 57,381 HYPE tokens at a price of 34.84 US dollars (2 million US dollars).

15 minutes ago

Vitalik: Ethereum Needs to Have Sufficient Resilience and Privacy Capabilities

On May 25th, Vitalik Buterin, a co-founder of Ethereum, posted on social media, stating, "The Nordic countries are giving up the pursuit of a 'cashless society' because they realized that the centralized implementation of this concept is too fragile. It turns out that cash as a backup is necessary." "Ethereum needs to possess sufficient resilience and privacy to play a trusted role in this situation."

15 minutes ago

Michael Saylor has once again shared Bitcoin Tracker information, hinting at a potential additional BTC purchase.

On May 25th, the founder of Strategy, Michael Saylor, once again released information related to the Bitcoin Tracker. And he stated, "I only use money that I am willing to lose to purchase Bitcoin." According to the previous pattern, Strategy always discloses information about increasing Bitcoin holdings on the second day following the release of relevant news.

15 minutes ago

Whale James Wynn's Bitcoin 40x short position has been increased to $825 million

On May 25th, based on HypurrScan data, whale James Wynn has boosted his Bitcoin short position to $825 million (7706.95 BTC). The opening price was $107,052.2, the liquidation price was $111,470, and currently, he is facing an unrealized loss of $920,000.

15 minutes ago

Metaplanet CEO: Japanese Investors are Indirectly Investing in Bitcoin Through a Tax-Exempt Investment Mechanism

May 25th: Simon Gerovich, who is the CEO of the publicly traded Japanese company Metaplanet, announced in a Medium post that Metaplanet attained the status of the most-purchased stock within the NISA accounts of Japan's largest online broker SBI Securities during the previous week. In Japan, investors are leveraging the NISA, a tax-exempt investment mechanism, to make indirect investments in Bitcoin while evading capital gains tax. Bitcoin, with zero tax liability and the use of leverage, has become the ultimate choice for Japanese investors as a proxy for Bitcoin.

15 minutes ago

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