News linked to this event type.
the U.S. Senate Banking Committee has advanced the crypto market structure bill, the Clarity Act, by a vote of 15 to 9. The bill aims to establish a comprehensive regulatory framework for the crypto industry at the federal level for the first time, garnering support from Democratic Senators Ruben Gallego and Angela Alsobrooks.While the industry generally views the committee's passage as positive progress, analysts believe the bill still faces significant obstacles before becoming law. TD Cowen has raised the bill's passage probability from approximately one-third to 40%, noting that some Democratic lawmakers are showing willingness to find a path to support it, though substantive disagreements have not been fully resolved.Previously, the bill had long been affected by issues such as stablecoin yield arrangements, conflicts of interest, and ethical provisions. Additionally, to overcome a filibuster in the Senate, the bill will need to secure more Democratic support than it currently has. Benchmark analysts also pointed out that the current number of supporting votes is insufficient to ensure its eventual passage. (The Block)
Odaily Planet Daily reported that according to Onchain Lens monitoring, the whale Loracle.hl has increased its 5x leveraged HYPE short position to 122,305 HYPE, worth $5.4 million.
According to on-chain analyst Ai Yi monitoring, a certain address has now opened a 10x leveraged short position of 300,000 HYPE, valued at $13.2 million, with an average opening price of $43.398 and an unrealized loss of $187,000. The address deposited 8.825 million USDC as margin to Hyperliquid an hour and a half ago, with a historical cumulative profit of $5.965 million.
CryptoQuant analyst BorisD points out that Ethereum still faces obvious downside risks. The combination of rising exchange supply and continued ETF outflows could push prices down to around $1,700, representing a potential correction of about 20% from current levels. A breakout above $2,400 seems unlikely in the near term.Data shows that ETH reserves on exchanges like Binance have increased significantly recently, rising from approximately 3.36 million to 3.84 million between May 5 and May 9. This indicates more tokens are flowing into trading platforms, which is typically interpreted by the market as a signal of rising potential sell pressure. Meanwhile, U.S. spot Ethereum ETFs have seen net capital outflows for four consecutive trading days, totaling approximately $190 million, indicating weakening institutional demand at the margin.In terms of price, although ETH has rebounded about 40% from its local low, it encountered strong resistance near $2,400 before falling back to the $2,260 level, limiting short-term upward momentum. The CryptoQuant analyst notes that as exchange inflows accelerate, the price has failed to sustain its upward trend and instead retreated, suggesting the market may be in a phase where "absorption and distribution coexist."Technically, ETH has broken below the lower trendline of an ascending wedge structure (around $2,280). If this breakdown is confirmed, the pattern's measured move target points to around $1,725, corresponding to a potential decline of approximately 22% and coinciding with the macro low area from early February. Some analysts further believe that if the larger bear flag pattern continues, ETH could face the risk of dipping to $1,280.Overall, market sentiment is generally cautious, with a consensus that the current rebound is more likely a temporary move within a distribution process rather than a trend reversal signal. The risk of short-term volatility remains elevated. (Cointelegraph)
According to Odaily, THORChain has issued an emergency announcement stating that after discovering a suspected breach of an Asgard vault, the network has suspended trading operations to respond to the security incident. Preliminary information indicates that user funds remain unaffected, with losses primarily concentrated on the protocol's own capital.The official statement noted that the system automatically detected anomalous behavior and halted signing operations, thereby alerting the community and preventing further asset outflow. The investigation is currently ongoing to determine the root cause of the vulnerability and the full scope of the impact.Known information indicates that this incident involves one of the six Asgard vaults, with estimated losses of approximately $10.7 million. Meanwhile, staked RUNE on the affected nodes has been slashed due to a penalty mechanism triggered by unauthorized outgoing transactions. The network has paused churn operations and delayed the launch of new chains and related features until system stability is restored.THORChain stated that no user cross-chain transactions have been affected so far and has requested node operators to thoroughly inspect their infrastructure, secure key management, and anomalous behavior, and to submit relevant logs to assist the investigation.
Bitcoin slumped shortly after the US stock market opened, briefly breaking below the $79,000 mark, with a daily decline of approximately 3%, trading near its lowest level since May. Market consensus suggests this pullback is closely linked to the sell-off in risk assets triggered by a surge in US Treasury yields.Data shows that the yield on the 10-year US Treasury note rose above 4.55%, reaching its highest level in nearly a year, fueling concerns over tightening liquidity and a reassessment of risk assets. Analysts point out that this level previously triggered adjustments in US stocks and policy expectations last year, and is now once again serving as a key pressure signal.Trading firm The Kobeissi Letter stated that the "panic-driven rally" in the bond market is intensifying, with expectations for prolonged high interest rates growing. The market has begun pricing in the possibility of further rate hikes in the future, quickly cooling the previous "euphoria" in risk assets.From a technical perspective, analysts believe that after encountering multiple rejections from resistance above $82,000, Bitcoin's support structure is weakening. In the short term, it may retest the $75,000–$77,000 range, as the market enters a phase of range-bound trading and directional selection. (Cointelegraph)
James Seyffart, a Bloomberg analyst, stated on X that the 2x leveraged Cerebras Systems ETF (ticker: CBRG) has officially begun trading, just hours after its underlying asset—CBRS—commenced trading the previous afternoon. This marks an exceptionally rapid product launch timeline for a leveraged ETF. Such “fast-follow” ETF issuance models are accelerating, and similar swift replication pathways may soon emerge for leveraged ETFs tracking non-public or high-profile assets—including SpaceX, Anthropic, and OpenAI—reflecting a significantly accelerated pace of productization in the ETF market to capture exposure to new assets.
that, according to on-chain analyst Ember Monitoring, following news that the CME and the New York Stock Exchange have jointly pushed US regulators to strengthen oversight of Hyperliquid, HYPE has retraced 4% from $45 to $43. An address named asssdfc transferred 8.826 million USDC to Hyperliquid 20 minutes ago after the news broke to short HYPE. It has already opened a $7 million short position on HYPE with an entry price of $43.1 and is still increasing its short position.
according to Lookonchain monitoring, after being dormant for a month, a whale deposited 8.8 million USDC into Hyperliquid and opened a 10x leveraged short position on 175,082 HYPE, worth $7.62 million. The whale is continuing to add to their short position on HYPE.
Bloomberg Senior ETF Analyst Eric Balchunas posted on X platform that the $DRAM ETF has reached an asset scale of $9.98 billion. If rounded to $10 billion, it would become the fastest ETF product in history to break through this scale, taking only about 43 days.Eric Balchunas cited data showing that this product has set one of the fastest records in ETF history to reach a $10 billion scale, far exceeding the capital accumulation speed of similar products before. However, he also pointed out that due to significant market fluctuations on that day, the net asset value may temporarily decline, and the AUM figure could decrease as the market adjusts.
According to Odaily, Bitcoin's price is hovering around $80,350, up a slight 0.8% in the short term, facing sustained pressure after multiple failed attempts to break through the $82,000 resistance level. This zone is considered a confluence of resistance from the ETF cost basis, the 200-day moving average, and the CME gap fill area.Although the US CLARITY Act has passed the Senate Banking Committee, bringing positive expectations for crypto regulation, institutional capital continues to withdraw. Data shows that the 7-day average net outflow from US spot Bitcoin ETFs has fallen to -$88 million per day, the largest outflow scale since mid-February. Analysts suggest this selling pressure is more driven by "profit-taking" than panic selling.On the macro front, rising US Treasury yields are a core source of pressure. The yield on the 10-year US Treasury note has climbed to approximately 4.52%, a 10-month high. Meanwhile, the April CPI rose 3.8% year-over-year, the highest level in three years, further pushing back market expectations for a Fed rate cut. Analysts point out that geopolitical conflicts are driving up energy prices, exacerbating inflationary pressures, thereby weakening the appeal of risk assets.From an institutional perspective, some analysts believe the current ETF outflows represent portfolio rebalancing rather than a structural retreat. The options market indicates significant resistance for Bitcoin in the $82,000-$84,000 range, while $77,000 stands as a key support level. If the price breaks below this zone without a cooling of leverage, the market could enter a deleveraging phase, increasing the risk of a correction. (Decrypt)
CoinShares tweeted that the cryptocurrency market saw a net outflow of $920 million this week. In the short term, macroeconomic headwinds continue to dominate: PPI data came in higher than expected, U.S.-Iran tensions pushed oil prices higher, and the Federal Reserve’s room for rate cuts is constrained—Bitcoin fell 1.4% this week. Meanwhile, the U.S. Senate Banking Committee passed the Clarity Act by a vote of 15–9, bringing long-term regulatory direction into sharper focus. CoinShares noted that the market is currently caught in a tug-of-war between short-term macro pressures and long-term regulatory tailwinds.
According to on-chain analyst PeckShield (@PeckShieldAlert), THORChain has been hacked, resulting in losses of approximately $10 million in crypto assets, including 36.75 BTC (around $3 million) and roughly $7 million in assets from BNB Chain, Ethereum, and Base.
B.AI has announced full integration with China’s mainstream payment systems—WeChat Pay, Alipay, and UnionPay—are now available to users. Starting today, users can complete the entire workflow—including account top-ups, AI service subscriptions, and invocation of top-tier AI models and Agent services—in their familiar payment environment. This payment upgrade lowers the barrier to entry, enabling individual developers and enterprise customers to more easily access cutting-edge AI capabilities, resulting in a smoother, more natural, and localized user experience. Going forward, B.AI will continue optimizing its product experience, striving to embed smarter, more efficient AI services seamlessly into everyone’s daily work and life.
that, according to on-chain analyst Ai Yi's monitoring, address 0x082…dca88 opened a long position of 1.38 million HYPE (worth $63.47 million) with 5x leverage at an entry price of $38.676. This position nearly gave back all profits when the HYPE price dropped to around $38, but has now recovered to a floating profit of over $10.21 million.
Odaily sources have revealed that OKX and Korea Investment & Securities are in discussions to each acquire about a 20% stake in Coinone. The specific investment strategy is likely structured around issuing new shares rather than selling existing ones, aiming to maximize capital inflow. This equity participation appears to be primarily a financial investment and will not alter Coinone's management control.Currently, Coinone's major shareholders include The One Group (34.30% stake), Com2uS Holdings [063080] (21.95% stake), CEO Cha Myung-hoon (19.14% stake), and Com2uS Plus (16.47% stake).Industry observers believe OKX may not limit itself to a simple financial investment in the future and could also seek to participate in management or gain substantive influence. If the acquisition is successful, this transaction would be the second time in history that a major overseas exchange has attempted to gain management control of a Korean won-based exchange, following Binance's acquisition of a stake in Streami (Gopax).
According to analyst [email protected] (@BTC__options), the options expiry data for May 15 is as follows: For BTC, 25,000 contracts expired, with a Put-Call Ratio of 0.59, a maximum pain point at $80,000, and a notional value of $2 billion. For ETH, 274,000 contracts expired, with a Put-Call Ratio of 0.4, a maximum pain point at $2,300, and a notional value of $620 million. This week, Bitcoin traded sideways near $80,000, exhibiting clear technical support; market attention remained low, with only 6% of BTC options expiring, versus 11% for ETH. BTC’s key-term implied volatility (IV) stood at approximately 35%, while ETH’s was around 50%. Skew has fluctuated minimally over the past month, reflecting neutral directional sentiment, and options activity remains extremely low—approximately 20% of open interest is expected to remain by end-May and roughly 30% by end-June. Overall, Bitcoin performed relatively well in both price and market热度 during Q2 2024, supported by favorable legal, regulatory, and macroeconomic developments. However, market热度 still falls short of expectations. Against this long-term bullish backdrop, Bitcoin remains the primary trading instrument, and positioning in medium-to-long-dated options is widely viewed as a reasonable strategy.
According to on-chain analyst Onchain Lens (@OnchainLens), Loracle.hl (@loraclexyz) opened a $9.5 million 5x-leveraged short position on CRBS in the past 24 hours, currently generating unrealized profits exceeding $400,000. Meanwhile, its 5x-leveraged long position on HYPE is now showing unrealized losses exceeding $4.27 million, bringing its total accumulated profit down to $36 million.
according to on-chain analyst Ai Yi's monitoring, LAB briefly fell below $3, with a maximum 24-hour drop of 50%, currently priced at $3.53. Binance LAB's open interest currently stands at $57.5 million, with the large trader long/short ratio at 37.94%:62.06% and the retail long/short ratio at 38.98%:61.02%. The proportion of long positions has slightly increased after the decline.
According to on-chain analyst Onchain Lens (@OnchainLens), the whale address 0x66f—while holding a BTC position—has opened a 5x-leveraged long position in HYPE and placed an order to increase its position to 300,000 HYPE tokens, valued at approximately $14 million based on current data. Its BTC position remains open, with unrealized profits exceeding $500,000.