Forced Liquidation of $147 Million in Futures Positions in the Last Hour
Major exchanges saw forced liquidation of futures positions worth $147 million in the last hour.
In the past 24 hours, futures positions worth $1.079 billion were forcibly liquidated.
Pearl Fund Raises $500 Million BTC Investment Fund
According to Business Wire, the US investment company Pearl Fund has raised a $500 million Bitcoin investment fund. This fund utilizes the US Opportunity Zone (OZ) system, offering tax exemption on capital gains for BTC investments lasting over 10 years. The minimum investment is $250,000.
200,000,000 USDT Transferred... OKX → Anonymous
According to Whale Alert, 200,000,000 USDT was transferred from an OKX address to an anonymous address. This amounts to $200 million.
German Prosecutors Close eXch Server and Seize Cryptocurrencies
Blockchain expert Jack XBT reported via Telegram channel that the Frankfurt Public Prosecutor's Office has closed the server of the cryptocurrency transaction mixing platform eXch and seized cryptocurrencies worth 34 million euros ($38.22 million).
MOODENG Surges 187%↑
According to Coinness market monitoring, MOODENG has seen a short-term surge. Based on CoinMarketCap, MOODENG is currently trading at $0.1301, up 187%.
Metaplanet to Issue $21.25 Million Bonds for 'BTC Repurchase'
The Japanese listed company Metaplanet, which has Bitcoin as its primary asset, announced through its official X that it will issue $21.25 million in interest-free common stock bonds to purchase additional Bitcoin.
World Liberty Financial Buys $4.94 Million WETH·WBTC
On-chain analyst ai_9684xtpa reported that World Liberty Financial (WLFI), the Trump family's DeFi project, purchased 1,587 WETH and 9.7 WBTC in the last 25 minutes, equivalent to $4.94 million.
Ju Ki-young: "BTC Market Structure Rapidly Changing... Cycle Theory No Longer Applies"
Ju Ki-young, CEO of CryptoQuant, stated on X: "Two months ago, I said the bullish cycle had ended, but I was wrong. The market has become much more diversified, and existing cycle theories are no longer valid. Now we must focus on ETFs and institutional inflows."
Analysis: "Solana Unlikely to Surpass Ethereum"
Crypto bank Signum analyzed on its blog that "Solana struggles to catch up with Ethereum in profitability and stability, limiting institutional investment, and its revenue structure is inferior to Ethereum's."
Map Protocol Implements Bitcoin-Solana Interoperability
Map Protocol (MAPO, formerly MAP) announced via its official X that it has implemented interoperability between Bitcoin and Solana networks. Users can now perform cross-chain transactions between the two networks.
UniChain Overtakes Ethereum in Uniswap v4 Trading Volume
According to The Block, UniChain's transaction volume on Uniswap v4 has topped Ethereum, currently holding about a 75% market share.
ETH Spot ETF Sees $226 Million Outflow... Third Consecutive Trading Day
According to Parshaad Investor, $16.10 million (about 22.6 billion won) was withdrawn from the US Ethereum (ETH) spot ETF on the 8th local time. This is the third consecutive trading day of outflows.
Arthur Hayes: "Now is the Era of Fundamentals... Projects Without Revenue are Garbage Coins"
BitMEX co-founder Arthur Hayes posted on X: "This is the era of fundamentals, and garbage coins with no clients and no revenue are no longer meaningful."
Coinness Night Live - Merlin Chain Summary
Merlin Chain is a Layer 2 platform connecting Bitcoin-based assets to DeFi, pursuing Bitcoin's real-world usage expansion through rapid growth and ecosystem expansion. It is currently setting Korea as its primary strategic market.
Bybit Lists DOOD
Bybit announced through its official website that it will list DOOD at 22:05 Korean time on May 9th.
Upbit Lists PENGU
Upbit announced through its official website that it will list Piggy Penguin (PENGU) in KRW, BTC, and USDT markets at 18:00 today.
Binance Airdrop DOOD to MUBARAK and Other Holders
Binance announced through its official website that it will provide DOOD airdrop rewards to users holding MUBARAK, BROCCOLI714, TST, 1MBABYDOGE, and KOMA as of 9:00 Korean time on May 7th.
Anonymous Whale Withdraws $3.01 Million NEIRO... 3.25% of Supply
Spot On-chain reported that an anonymous whale withdrew 32.52 million NEIRO ($3.01 million) from Bybit and Gate.io in the last hour, becoming the third-largest whale among non-centralized exchange holders.
Zhao Changpeng: "Long-term BTC Holding Possible with High Understanding of Tech, Finance, and World"
Binance founder Zhao Changpeng posted on X: "The reason people can't hold BTC long-term is lack of understanding of technology, finance, and how the world works."
Democratic Party: "Enter Virtual Asset Market When Growth Curve Exists"
The Democratic Party emphasized the need for legislation to activate virtual assets within the institutional framework at a digital finance seminar.
Bithumb Changes WOO Network to WOO
Bithumb announced through its official website that it will change the name of WOO Network (WOO) to WOO.
BTC Long-Short Ratio at Top 3 Futures Exchanges
Based on open interest, the recent 24-hour BTC perpetual futures long-short position ratio at the world's top 3 crypto futures exchanges was slightly in favor of long positions.
ZEREBRO Founder Confirmed Alive Amid Death Hoax Controversy
Zephy Wee, the founder of ZEREBRO who was involved in a death hoax controversy, has been confirmed alive. The related meme coin LLJEFFY had surged over 2000% following the death rumor.
Forced Liquidation of $107 Million in Futures Positions in the Last Hour
Major exchanges saw forced liquidation of futures positions worth $107 million in the last hour.
Within 24 hours, futures positions worth $948 million were forcibly liquidated.
BTC Surpasses $104,000
According to Coinnis market monitoring, BTC has surpassed $104,000. On the Binance USDT market, BTC is currently trading at $104,000.01.
ETH Breaks Through $2,400...First Time Since 3/3
According to Coinnis market monitoring, Ethereum (ETH) has recovered to the $2,400 level. On the Binance USDT market, ETH is currently trading at $2,403.
BTC Falls Below $103,000
According to Coinnis market monitoring, BTC has fallen below $103,000. On the Binance USDT market, BTC is currently trading at $102,844.2.
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