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Binance LAB open interest reaches $57.5 million, with a maximum 24-hour drop of 50%

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.

A major whale opened a 5x-leveraged long position on HYPE and placed an order to increase the position to 300,000 tokens.

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.

3 whales opened long positions on HYPE with 5x to 10x leverage, totaling $15.74 million

According to Lookonchain monitoring, three whales have opened long positions on HYPE. One whale went long on 145,310 HYPE with 10x leverage, valued at $6.78 million, with a liquidation price of $44.53. Another whale went long on 100,000 HYPE with 10x leverage, valued at $4.66 million, with a liquidation price of $42.58. A third whale went long on 92,015 HYPE with 5x leverage, valued at $4.3 million, with a liquidation price of $36.94.

A trader opened a $4.88 million long position on CBRS, currently facing an unrealized loss of over $500,000

According to Lookonchain monitoring, trader @ICanPlug opened a long position of 14,829 CBRS with 1x leverage near the high, with a position value of approximately $4.88 million. The current unrealized loss has reached $502,000.

Yesterday, Ethereum spot ETFs saw a net outflow of $5.63 million.

According to data from Trader T (@thepfund), yesterday’s Ethereum spot ETFs recorded a net outflow of $5.63 million. Specifically: BlackRock’s ETHA saw a net outflow of $13.21 million; Fidelity’s FETH recorded a net inflow of $6.88 million; Franklin’s EZET posted a net inflow of $0.87 million; VanEck’s ETHV registered a net inflow of $3.37 million; and BlackRock’s staking product ETHB experienced a net outflow of $3.54 million. Bitwise’s ETHW, 21Shares’ TETH, Invesco’s QETH, Grayscale’s ETHE, and Grayscale’s mini ETH fund all reported zero net inflows or outflows.

Yesterday, Bitcoin spot ETFs recorded a net inflow of $131.32 million.

According to data from Trader T (@thepfund), yesterday’s total net inflow into Bitcoin spot ETFs amounted to $131.32 million. Specifically: BlackRock’s IBIT recorded a net inflow of $144.11 million; Fidelity’s FBTC, $3.55 million; Bitwise’s BITB, $17.7 million; Morgan Stanley’s MSBT, $6.77 million; Ark’s ARKB, a net outflow of $9.46 million; Invesco’s BTCO, a net outflow of $5.67 million; Franklin’s EZBC, a net outflow of $14.13 million; VanEck’s HODL, a net inflow of $7.49 million; Grayscale’s GBTC, a net outflow of $31.64 million; Grayscale’s Mini Bitcoin ETF, a net inflow of $12.6 million; Valkyrie’s BRRR and WisdomTree’s BTCW saw no inflows or outflows.

A fresh address has added another 1,655 ETH to its holdings, accumulating a total of 3,957 ETH over the past two days

according to monitoring by crypto analyst Ai Yi @ai_9684xtpa, the new address 0x669…bF437 has added another 1,655 ETH to its position.Over the past two days, the address has accumulated a total of 3,957 ETH, valued at approximately $9 million, with an average withdrawal price of around $2,272.55. The current overall position is near breakeven.

An address sold 250 WBTC—worth approximately $20.275 million—over the past five hours.

According to on-chain analyst Ai Aunt (@ai9684xtpa), the address 0xB4d…B186a sold 250 WBTC on-chain over the past five hours, valued at approximately $20.275 million. This address has frequent interactions with the block builder Titan Builder and currently holds approximately $80.95 million worth of ETH and $20.88 million worth of WBTC on-chain.

Dapper Labs Halts New NFT Releases for NFL All Day and Signs New Licensing Agreement with the NFL

According to Decrypt, Dapper Labs has halted new primary NFT minting on its NFL All Day platform, though existing digital collectibles remain available for buying and selling on the platform’s marketplace. Roham Gharegozlou, CEO of Dapper Labs and co-founder of Flow, stated that the company has signed a new licensing agreement with the NFL, and further details will be announced as the new season approaches. Meanwhile, the platform will introduce a “Founding Collector” badge for collectors, along with a 5% Dapper balance rebate for qualifying purchases. Following the announcement, secondary-market trading volume on NFL All Day increased, and collector feedback and sell-off activity rose.

A whale holds a $62.64 million HYPE long position with 5x leverage, with unrealized profits exceeding $9 million

According to Onchain Lens monitoring, as HYPE trades above $45, a whale holds a long position of 1.38 million HYPE with 5x leverage, valued at $62.64 million. The current unrealized profit exceeds $9 million, but $2.3 million in funding fees have already been paid. The whale was previously facing an unrealized loss of over $26 million.

KelpDAO: rsETH withdrawal functionality has been restored; deposits will resume after a brief stabilization period.

According to an official announcement, KelpDAO has resumed rsETH withdrawal functionality, and cross-chain bridging and claiming have also been enabled simultaneously as part of the coordinated restart plan. KelpDAO stated that the exchange rate will be updated and Eigen rewards will be made available for claiming at approximately 22:30 Beijing Time today, May 15, to reflect the full staking rewards accrued by rsETH holders during the pause period. Thereafter, deposits will resume after a brief stabilization window. Over the next two weeks, Aave and Kelp will gradually transfer the remaining rsETH in batches to fully replenish the vault. KelpDAO confirmed that rsETH remains fully backed on Ethereum Mainnet and across all L2 networks.

A whale dormant for 6 years deposited 1,001 ETH into Kraken, still holding 3,000 ETH

according to Onchain Lens monitoring, after being dormant for 6 years, a whale deposited 1,001 ETH (worth $2.31 million) into Kraken. This whale still holds 3,000 ETH (worth $6.88 million) across 2 different wallets.

A whale deposited $3.12 million into HyperLiquid and purchased 73,593 HYPE tokens.

According to on-chain analyst Onchain Lens (@OnchainLens), a whale has deposited $3.12 million into HyperLiquid and purchased 73,593 HYPE tokens at $42.38 each.

Multicoin Capital Transfers 150,000 AAVE to Galaxy Digital and BitGo, with Cumulative Unrealized Losses Exceeding $40 Million

Odaily Planet Daily reports: According to monitoring by Onchain Lens, Multicoin Capital has transferred 150,000 AAVE (worth approximately $14.9 million) to Galaxy Digital and BitGo for Over-The-Counter (OTC) trading. Subsequently, a portion of the funds was transferred to centralized trading platforms.Data shows that Multicoin Capital purchased 338,005 AAVE for approximately $73.94 million. It currently holds 188,005 AAVE, worth about $18.49 million, representing an unrealized book loss of approximately $40.54 million.

Garrett Jin buys 71,066 BNB worth approximately $48.22 million

According to on-chain analyst Onchain Lens (@OnchainLens), Garrett Jin (a Bitcoin OG ranked #10/#11) purchased 71,066 BNB from Binance, worth approximately $48.22 million. Onchain Lens data shows that within the past two weeks, Garrett Jin has deposited 577,896 ETH into Binance, valued at approximately $1.35 billion.

Multicoin Capital Reportedly Liquidates 150,000 AAVE Tokens for ~$14.91 Million

According to on-chain analyst Ember (@EmberCN), Multicoin Capital allegedly transferred 150,000 AAVE tokens (worth approximately $14.91 million) to Galaxy Digital and BitGo. Subsequently, these tokens were dispersed across centralized exchanges including Binance, OKX, Coinbase, and Bybit—potentially indicating an intent to sell. Previously, in November last year, Multicoin Capital accumulated 338,000 AAVE tokens at a price of $219 each. If sold at $99 per token, Multicoin Capital’s estimated loss on AAVE would exceed $40.56 million—a decline of roughly 55%.

JPMorgan: If On-Chain Activity Remains Low, ETH and Altcoins May Continue to Underperform Bitcoin

JPMorgan analysts indicate that despite the overall recovery of the crypto market following the Iran conflict, Ethereum and other altcoins continue to underperform Bitcoin. This trend, which has persisted since 2023, may be difficult to reverse in the short term unless there is a significant improvement in network activity, DeFi, and real-world applications.The report points out that, based on spot ETF flows and institutional futures positions, Bitcoin has shown stronger recovery momentum than Ethereum. Spot Bitcoin ETFs have recovered approximately two-thirds of their previous outflows, while spot Ethereum ETFs have only recovered about one-third.Meanwhile, CME futures data shows that institutional investors have been more active in rebuilding their Bitcoin exposure, with Bitcoin futures positions nearly fully recovered. In contrast, Ethereum futures positions remain below previous levels. JPMorgan believes that without stronger on-chain fundamentals and real-world application support, ETH and altcoins are likely to continue underperforming relative to Bitcoin.

Consensys: Delays IPO Plans to Earliest This Fall Amid Market Conditions

according to sources familiar with the matter, MetaMask developer Consensys has postponed its U.S. IPO plans to earliest this fall. The company originally planned to submit a draft S-1 filing with the SEC by the end of February, but market demand weakened due to the market downturn in February, macroeconomic uncertainty, and Bitcoin ETF outflows. Besides Consensys, Kraken and Ledger have also paused their IPO plans.Consensys completed a $450 million funding round in 2022 at a valuation of $7 billion. Additionally, BitGo, which was the first crypto company to go public in 2026, raised $213 million but has since seen its stock price drop 36% from its $18 offering price, reflecting the public market's cautious approach toward valuing crypto infrastructure companies.

BlackRock CEO: Traders May One Day Trade on Computing Power Futures Markets

BlackRock CEO Larry Fink stated that global demand for computing power is so immense that traders may one day be able to trade on computing power futures markets.

ZachXBT Accuses LAB: Multiple Issues Including Private Loans and Supply Manipulation

According to on-chain analyst ZachXBT (@zachxbt), the market capitalization of $LAB has recently surged to a $6 billion FDV, but serious issues lie beneath the surface: 1. Opaque token distribution: $LAB was co-founded by Vova Sadkov and Mark. Their prior project, Eesee ($ESE), faced criticism from investors. Platforms including CoinGecko, RootData, and CoinMarketCap provide conflicting data on LAB’s token distribution, with over 95% of the supply controlled by a small number of parties. 2. Unilateral amendment of terms: The team unilaterally extended the lock-up period for Legion’s public sale from three months to nine months. Additionally, multiple creators have reported delayed marketing partnership payments—some outstanding for several months—with no response from the team. 3. Opaque private loans: LAB privately offers loan agreements carrying a 7.5% monthly interest rate and a six-month term. The borrower is BVI shell company The Lab Management Ltd., signed by Vova Sadkov in his capacity as director; in case of default, repayment is to be made in LAB tokens at “market price.” 4. Anomalous on-chain fund movements: The borrower’s wallet (0xf09c) is identical to LAB’s public buyback wallet and exhibits on-chain linkages with another borrowing address (0x3185) associated with the Wildcat platform—suggesting related funds may have flowed into Vova’s personal exchange account. ZachXBT notes that $LAB