Analysis: The on-chain loss of BTC hit 10.6 million coins at the bottom of the two previous bear markets. This amount corresponds to a price of $60,000 in the current cycle.

May 23: Changqiao Securities has further clarified recent regulatory developments related to China's cross-border securities business. The firm notes that the Hong Kong Securities and Futures Commission (SFC) and mainland Chinese regulators have recently issued new rules for cross-border securities operations, establishing unified industry standards for services catering to Chinese mainland investors. These regulations apply to all foreign financial institutions, Changqiao says. The company is actively responding to guidance from both regulators and will steadily advance its compliance work in line with the requirements. The scope of the account cleanup requirements is narrow and specific, targeting two main account types: 1) investment accounts opened with suspicious or forged documentation; 2) zero-balance, dormant investment accounts. Customer accounts opened in accordance with regulations that hold genuine assets and positions are not subject to this cleanup. Changqiao firmly supp

Bitget will launch its TAG wealth management product on May 23. The event runs from 18:00 UTC+8 on May 23 to 18:00 UTC+8 on August 21. During the event, users can head to the "Earn Easy Coins" section to subscribe to this product, which offers a maximum APR of up to 25%. For full details, check out the official Bitget platform.

May 23rd: Binance Alpha will launch the Solstice (SLX) airdrop on May 25th. Eligible users can claim the airdrop using Alpha Points on the Alpha page right after trading opens. More details will be announced soon.

On May 23, Web3 gaming platform Bounty Hunter officially announced the global launch of its debut game, Nexarcade — a milestone that also formalizes the "MOVA × BHT × Nexarcade" tripartite ecosystem collaboration. Built on MOVA blockchain infrastructure, Nexarcade has secured strategic support from the BHT (Balance Hub Terminal) ecosystem. This three-way alliance between MOVA, BHT, and Bounty Hunter will advance the ongoing development and ecosystem expansion of the Web3 gaming space by deeply integrating underlying technology, ecosystem resources, and core platform capabilities. As a Web3 GameFi platform built on the MOVA ecosystem, Bounty Hunter operates using a four-layer core architecture: a gaming layer, settlement layer, DAO layer, and value layer. Nexarcade, the platform’s first gamified DAO prediction game, will tap into Bounty Hunter’s key strengths in PvP battles, asset distribution, DAO treasury management, and on-chain value flow to deliver players an innovative on-chain g

As of May 23rd, Coinglass data shows that Coinbase’s Bitcoin Premium Index has been in negative territory for 8 consecutive days, currently standing at -0.1197%. This trend is linked to ongoing outflows from Bitcoin spot ETFs and weak purchasing power in the U.S. market. For context, the Coinbase Bitcoin Premium Index tracks the difference between Bitcoin’s price on Coinbase and the global average Bitcoin price. A negative premium typically signals significant selling pressure in the U.S. market, declining investor risk appetite, a rise in market hedging sentiment, or broader capital outflows.

May 23, per Iran's state television, Iran’s foreign minister held a second meeting with Pakistan’s Chief of Army Staff, following prior discussions on an Iranian proposal. A spokesperson for Iran’s Ministry of Foreign Affairs noted that significant divides remain between the U.S. and Iran. Iran’s lead negotiator Karimkhan told Pakistan’s top military commander that “we will not compromise on the rights of our country and nation. Our armed forces have been restructured during the ceasefire.” According to monitoring by PolyBeats (via link: https://t.me/PolyBeats_Bot), on prediction market Polymarket, the probability of the U.S. and Iran reaching a permanent peace agreement is 17% by May 31 and 48% by June 30.