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1. Hot topics: PUMP, DOGE, POLYMARKET; 2. Biggest rises and falls: $NEIRO, $DEEP, $VIRTUAL; 3. On-chain fund movement: $11.9M flows into Solana, $29.6M flows out of Ethereum; 4. Top news: Solana ecosystem DEX Jupiter TVL hits a record high
No one really knows how much yield and staking income Ethena has received from its $2.6 billion user fund, or whether it has flowed all of it to SUSDe holders.
The cryptocurrency market is preparing for large amounts of token unlocks in many altcoins in the new week.
MyShell creates an open AI consumption ecosystem by combining AI, cryptocurrency and creator economy.
Share link:In this post: Michael Bouhanna, Sotheby’s VP, launched his own meme coin, BAN, after losing money on other meme coins, using insider wallets to make over $1 million. Bouhanna openly shared his wallet address before deleting it, revealing his link to BAN’s creation and insider buys for profit. His setup included multiple wallets funded from a single source, allowing him to control and trade under the radar.
Share link:In this post: Bitcoin dominance hit 59.75% this week as BTC pushes higher, while Ethereum struggles against it, dropping to a new low on the ETH/BTC pair. Institutional interest in Bitcoin is strong, with $997.7 million flowing into BTC ETFs, its third straight week of inflows. Tether’s USDT faced volatility after reports of a U.S. government investigation, briefly dipping below its peg before recovering slightly.
- 14:29Whale James Wynn Stops Reducing Positions and Starts Increasing BTC Long Positions Again, Currently Holding $279 Million in BTC Long PositionsAccording to on-chain analyst Ember's monitoring, as the BTC price retraced to near James Wynn's BTC long position opening price, he started to increase his BTC long positions again. Today, he reduced his BTC long positions from $570 million to $190 million, realizing a profit of $6.2 million. As the BTC price retraced to near his opening price, he stopped reducing positions and started increasing BTC longs again. He currently holds 2,675 BTC longs with 40x leverage, valued at $279 million. The opening cost price is $103,629, and the liquidation price is $87,765.
- 14:28Spot gold rises nearly $20 in the short term, reaching $3,260 per ounceSpot gold surged nearly $20 in the short term, reaching $3,260 per ounce, up 0.92% intraday.
- 14:28US SEC Chairman Paul Atkins: Will Strengthen Cost-Benefit Analysis to Develop a Reasonable Regulatory Framework for the Crypto Asset MarketThe U.S. Securities and Exchange Commission (SEC) released a statement from its Chairman Paul S. Atkins, who testified before the House Financial Services and General Government Appropriations Subcommittee on May 20, 2025. He stated that the SEC will prioritize enhancing regulatory transparency and accountability, particularly in the digital asset sector. He emphasized that the SEC should conduct rigorous cost-benefit analyses when formulating rules to avoid excessive regulation that could negatively impact market innovation. Paul Atkins also noted that the SEC will strengthen cooperation with Congress to develop a reasonable regulatory framework for the crypto asset market, ensuring that its regulatory activities align with legislative intent. He stressed a cautious approach to digital asset regulation to avoid hindering technological progress. He stated that the SEC will continue to fulfill its mission of protecting investors and maintaining market integrity while promoting the healthy development of financial markets. (SEC.gov)