Forced Liquidation of $252 Million in Futures Positions in the Last Hour
Major exchanges saw forced liquidation of futures positions worth $252 million in the last hour.
In the past 24 hours, futures positions worth $922 million were forcibly liquidated.
24-Hour Cryptocurrency Perpetual Futures Forced Liquidation
The scale and liquidation ratio of cryptocurrency perpetual futures in the last 24 hours are as follows:
BTC Liquidation Size: $37.547 million, Liquidation Ratio: Short 94.06%
ETH Liquidation Size: $30.931 million, Liquidation Ratio: Short 85.7%
SOL Liquidation Size: $27.5 million, Liquidation Ratio: Short 87.54%
BTC Spot ETF Sees 165.5 Billion Won Net Inflow... Second Consecutive Trading Day
According to Trader T, $117.51 million (approximately 165.5 billion won) was net inflow into the US Bitcoin spot ETF on May 8 (local time). This marks the second consecutive trading day of net inflow. BlackRock IBIT received $69.05 million, Fidelity FBTC received $35.34 million, and ARK Invest ARKB received $13.12 million. No net inflow or outflow occurred in the remaining ETFs.
Coinbase CEO: "US Stablecoin Regulation 'Genius Act' Needs Some Clause Modifications"
Brian Armstrong, CEO of Coinbase, announced on X that the first stage of negotiations for the US stablecoin bill has begun. Armstrong stated, "The bill (Stablecoin Regulation Genius Act) includes provisions that do not align with reality, such as prohibiting interest and revenue payments, and some clauses need modification. This is part of the legislative process, and once lawmakers thoroughly review and modify it, the bill will be one step closer to presidential signature. The bill is expected to undergo additional discussions early next week, followed by a second vote."
US SEC Commissioner: "Ripple Settlement is Unfair... Court Review Necessary"
Regarding the SEC's settlement of legal disputes with Ripple (XRP), Commissioner Caroline Crenshaw stated in a statement, "This decision undermines the court's ruling and SEC enforcement actions. It also does not align with the investor protection interests that the SEC should safeguard. I urge the court to carefully review this decision."
Wall Street: "Coinbase Rises as Global Cryptocurrency Options Market Leader through Deribit Acquisition"
With Coinbase announcing the acquisition of cryptocurrency options exchange Deribit for $2.9 billion, KeyBanc stated, "Through this transaction, Coinbase will become the world's largest cryptocurrency derivatives platform based on open interest and options trading volume. It will become a formidable competitor to Binance." Deribit accounts for 95% of the global cryptocurrency options market. Last year's trading volume was $1.2 trillion. Barclays predicts that the acquisition will expand Coinbase's international presence.
Major Spot Exchanges Receive 487.9 Billion Won in BTC Deposits
According to CryptoQuant, 3,445 BTC (487.9 billion won) was deposited into major centralized exchanges (CEX) in the last 6 hours.
1. Binance 1,269 BTC
2. Coinbase Pro 1,088 BTC
3. Gemini 1,088 BTC
Ethereum ICO Whale Deposits $9.24 Million ETH to Kraken
An Ethereum ICO whale who purchased 76,000 ETH deposited 4,200 ETH ($9.24 million) to Kraken 10 minutes ago, according to on-chain analyst ai_9684xtpa. This is the largest single deposit by this whale. Over the past 10 days, the whale has sold 22,900 ETH ($43.36 million) at an average selling price of $1,893.
$2.65 Billion in BTC Options Expire
According to cryptocurrency options exchange Deribit, $2.65 billion worth of Bitcoin options will expire at 5 PM Korean time on May 9. The put/call ratio is 1.02, with a max pain price of $94,000. At the same time, $359 million worth of Ethereum options will also expire. The put/call ratio is 1.39, with a max pain price of $1,825.
Bitcoin Market Cap Surpasses Amazon, Ranks 5th in Global Assets
According to Infinity Market Cap data, Bitcoin has surpassed Amazon and reached 5th place in global asset rankings. The current Bitcoin market capitalization is $2.045 trillion.
Alpen Labs Unveils BTC-Backed Stablecoin 'BTD'
Bitcoin Layer 2 developer Alpen Labs officially announced a Bitcoin-backed stablecoin called 'Bitcoin Dollar (BTD)' according to PR Newswire. BTD will be launched as a fully collateralized model using Bitcoin as over-collateral, operating without governance or tokens. The release date is yet to be determined.
Rumble-Tether to Launch Non-Custodial BTC Wallet in Q3
Online video platform Rumble (Nasdaq ticker: RUM) will launch the Rumble Wallet, a non-custodial BTC and stablecoin wallet, in the third quarter through a partnership with Tether, as announced by Rumble CEO Chris Pavlovski.
DePINX-DuckChain Establish $3 Million Ecosystem Fund
Cryptocurrency VC DePINX has established a $3 million 'Duck Nest Fund' with Telegram-based AI chain DuckChain. This aims to accelerate DUCK's practical application and ecosystem expansion, and promote the convergence of AI and on-chain finance.
Altcoin Season Index at 31... Up 3 Points from Previous Day
The 'Altcoin Season Index' from cryptocurrency information platform CoinMarketCap recorded 31, up 3 points from the previous day. An altcoin season is considered when 75% of the top 100 coins outperform Bitcoin.
Raoul Pal: "BTC Dominance Seems to Have Peaked... Altcoin Season Incoming"
Renowned macro investor and RealVision CEO Raoul Pal stated on X that BTC dominance appears to have peaked. He explained, "All DeMark indicators point to dominance peaking, signaling the full-scale onset of an altcoin bull market."
Doodles Token DOOD Airdrop Claim Opens at 22:00 Today
The Non-Fungible Token project Doodles announced through X that it will open the token DOOD airdrop claim at 10 PM Korean time on the 9th. The total token supply is 10 billion, with 68% allocated to the community.
Bit Pupu, Mined 209 BTC in April
Bit Pupu, a cloud mining platform under Bitmain, announced through its official website that it mined a total of 209 BTC in April. Its BTC holdings are 1,908.
Global BTC Mining Listed Companies' 4Q Mining Cost $82,162
The mining cost per BTC for global Bitcoin mining listed companies in the fourth quarter of 2024 was approximately $82,162. This is a 47% increase from the previous quarter.
BTC Mining Companies Marathon Holdings and CleanSpark Record Net Loss Despite Increased Revenue
BTC mining companies Marathon Holdings and CleanSpark recorded net losses despite increased revenue. Marathon Holdings reported $214 million in revenue with a $533 million net loss, while CleanSpark reported $182 million in revenue with a $139 million net loss.
Messari: "Rootstock Expanding Ecosystem Through Partnership Expansion"
Messari assessed that Rootstock, a Bitcoin sidechain, is accelerating its DeFi ecosystem expansion through bridging with over 20 chains, including Layer Zero.
Online Video Platform Rumble Holds 210 BTC
Rumble disclosed through its financial report that it holds 210.82 BTC as of the end of the first quarter, currently valued at approximately $21.3 million.
Steak 'n Shake Introduces Bitcoin Payment
The US fast-food chain Steak 'n Shake announced through its official X that it will support Bitcoin payment in all stores worldwide starting from the 16th.
Walrus: Potential Market Leader in Storage Sector with Differentiated Performance
Global crypto research firm Populous diagnosed that Walrus (WAL) has the potential to lead the market as a Sui-based storage protocol, based on its efficiency, differentiated features, and Sui user base.
Former FTX Digital Markets Co-CEO's Wife Claims "Prosecutors Induced Husband's Guilty Plea"
Michelle Bond, the wife of the former FTX Digital Markets Co-CEO, claimed that prosecutors induced her husband's guilty plea. The defendant pleaded guilty in 2023 and was sentenced to 7 years.
Coinness Market Briefing on May 9th
As of 9 AM on May 9th, Bitcoin is trading at $103,261, up 6.42%, with the top 3 rising tokens in the TOP100 market cap being VIRTUAL (+49.74%), BRETT (+36.22%), and PEPE (+34.75%).
Crypto 'Fear and Greed Index' at 73... Continued Greed
Alternative's 'Fear and Greed Index' recorded 73, up 8 points from the previous day. The market sentiment remains in the greed phase.
BTC Surpasses $104,000
According to Coinness market monitoring, BTC has surpassed $104,000. On the Binance USDT market, BTC is trading at $104,000.91.
BTC Surpasses $103,000
According to Coinness market monitoring, BTC has surpassed $103,000. On the Binance USDT market, BTC is trading at $103,359.99.
BTC Below $103,000
According to Coinness market monitoring, BTC is below $103,000. On the Binance USDT market, BTC is trading at $102,929.43.
ETH Recovers to $2,200... First Time Since March
According to Coinness market monitoring, ETH has continued its short-term upward trend and recovered to the $2,200 level. This is the first time since March 9th. ETH is trading at $2,193.3, up 20.7%.
