Listed Companies Accumulate 196,207 BTC This Year, Exceeding Annual Mining Volume
Bit Wise Europe Research Head Andre Dragoș revealed that listed companies have purchased 196,207 BTC this year, surpassing both the BTC mined during the same period and the annual expected mining volume (164,250 BTC). Currently, a total of 197 institutions, including listed companies, unlisted companies, ETFs, and governments, are holding 3.32 million BTC, which accounts for over 16% of the circulating supply.
Financial Services Commission: Sharing Overseas Exchange Links Could Be Punishable
Block Media reported that the Financial Services Commission provided an interpretation that introducing overseas digital asset exchanges to domestic users and receiving commissions could be considered a virtual asset business. This means that YouTubers or community managers who simply share affiliate links could be subject to reporting obligations and penalties. Attorney Jeong Soo-ho from Renaissance stated, "According to the financial authority's interpretation, YouTubers or influencers distributing affiliate links could be included in the regulatory scope," adding that it would be considered a 'business' only if the activities are continuous and repetitive, not just a one-time event.
ETH Petra Upgrade Sees Surge in Smart Wallet Function Users
The Block reported that over 11,000 authorizations for EIP-7702, which focuses on smart wallet functionality, have been approved within a week after the Ethereum Petra upgrade. EIP-7702 allows users to access advanced features without fully migrating to a new smart contract wallet, making Ethereum more accessible to users without advanced technical knowledge.
Mastercard Launches Stablecoin Payment Card with Moonpay
Decrypt reported that Mastercard is collaborating with Moonpay to launch a stablecoin payment card for 150 million merchants worldwide. The collaboration is based on the stablecoin infrastructure startup Iron, acquired by Moonpay in March, and payments will be automatically converted to fiat currency.
US Senate to Vote on Stablecoin Bill After Removing Trump-Targeted Provisions
According to Cointelegraph, the US Senate plans to vote on the GENIUS stablecoin regulation bill after removing provisions targeting Donald Trump and his family's cryptocurrency interests. Senator Kirsten Gillibrand, at an event hosted by the non-profit crypto lobby group Stand with Crypto, hinted that provisions targeting Trump's family's crypto businesses have been deleted. These businesses include Trump meme coins, crypto platforms, stablecoins, and mining companies seeking listing.
KPMG to Oversee Multichain Foundation Liquidation
Cointelegraph reported that a Singapore court ordered the bankruptcy of the Multichain Foundation after accepting Sonic Labs' (formerly Phantom) damages claim. Accounting firm KPMG has been appointed as the liquidator to supervise the bankruptcy proceedings. In July 2023, Multichain suffered a $210 million hack across multiple chains, with $130 million abnormally withdrawn from the Phantom Bridge.
Fintech Industry Requests Regulatory Relaxation for Virtual Asset Investments
Financial News reported that the fintech industry is requesting the Democratic Party to revise virtual asset-related regulations. They seek to allow general corporations and institutional investors to invest in virtual assets and provide various services using them. The industry plans to propose nine policy recommendations at the policy agreement ceremony between the Democratic Party and the Innovative Venture Organization Confederation.
ETH Spot ETF Sees 885 Million Won Net Inflow
According to Perseid Investor, the US Ethereum (ETH) spot ETF received a net inflow of $63.5 million (approximately 885 million won) on the 14th (local time). This marks two consecutive days of net inflow.
DeFiance Capital Deposits 9.3 Million LDO to Exchanges
Look On Chain reported that a wallet associated with crypto investment firm DeFiance Capital deposited 9.3 million LDO ($10.1 million) to Binance, OKX, Bybit, and Gate.io over two days. While exchange deposits are typically interpreted as selling intent, this does not necessarily mean an immediate sale.
ICO Whale Deposits $7.32 Million ETH to Kraken
On-chain Lens reported that an Ethereum ICO participant deposited 2,839 ETH ($7.32 million) to Kraken. This whale is known to have received 100,000 ETH during the 2015 ICO. While exchange deposits are typically interpreted as selling intent, this does not necessarily mean an immediate sale.
Anonymous Whale Unstakes and Deposits 14.83 Million ENA to Binance
On-chain Lens reported that a whale unstaked 14.83 million ENA ($5.59 million) and deposited it to Binance. This whale withdrew 22.63 million ENA ($11.84 million) from Binance and Bybit, received 577,000 ENA from staking, but is currently at a $3.21 million loss. The whale currently holds 3 million ENA ($1.12 million).
Jim Chanos: "Taking BTC Long, MSTR Short Strategy"
Famous short-seller Jim Chanos, known from the Enron scandal, revealed in a CNBC interview that he is currently taking a strategy of going long on Bitcoin while shorting MicroStrategy (MSTR). He explained that there is an arbitrage opportunity because MSTR's stock price rise rate is higher than Bitcoin's.
Analysis: "BTC Faces $118,000 Selling Pressure"
Crypto quant analyst Axel Adler Jr said, "The MVRV (Market Value to Realized Value) ratio for BTC short-term holders is recording a level of 1.09. The first major selling pressure could occur at $118,000 (MVRV 1.25), with stronger selling pressure potentially happening at $128,000 (MVRV 1.35)." He added, "If the current daily average appreciation rate is maintained, MVRV is expected to reach 1.25 in early June and reach a level of 1.35 by the end of June."
Analysis: "BTC Long-Term Holders May Soon Realize Profits"
Cryptoquant reported via X that "the Binary CDD, an indicator that can gauge the selling movement of long-term holders alongside Bitcoin's price rebound, is rising again. The current indicator is moving around 0.6 level, and crossing 0.8 could signal that long-term holders are preparing to realize profits."
Actor Hwang Jung-eum Admits to Embezzling 4.2 Billion Won for Cryptocurrency Investment
News1 reported that singer-turned-actress Hwang Jung-eum appeared in court on charges of embezzling company funds, which she effectively owned, and investing in cryptocurrency. On the 15th, Presiding Judge Lim Jae-nam of the Jeju District Court's 2nd Criminal Division opened the first trial for her alleged violation of the Special Economic Crime Punishment Act (embezzlement).
Binance Lists NXPC... Hodler Airdrop
Binance announced through its official website that it has selected Nexspace (NXPC) for its 17th Hodler Airdrop project. NXPC is scheduled to be listed on May 15th at 4:30 PM.
OrangeX Lists NXPC Perpetual Futures and Spot Trading
OrangeX announced the listing of NXPC perpetual futures and spot trading, supporting up to 25x leverage. Additionally, they are currently running an event where NXPC futures traders can receive a total of 10,000 USDT airdrop over one week.
NXPC Touches $14.69 After Bybit Spot Listing
According to Coinness market monitoring, after listing on Bybit spot market, Nexspace (NXPC) touched a high of $14.69. Subsequently, NXPC is trading around $2, having given up most of its gains.
Binance Alpha Adds NXPC
Binance Alpha announced the addition of NXPC. Tokens for Binance Alpha are selected reflecting community and market trends from early projects. Future listing is not 100% guaranteed.
DAXA: "We Did Not Decide on Individual Coin Delisting" - Responding to WEMIX Controversy
According to Money Today, the Digital Asset Exchange Collective (DAXA) issued a statement on the 15th saying, "Delisting of member exchange-supported tokens is not decided by DAXA."
Organizations Posing as Investment Experts Caught Stealing Cryptocurrency Investment Funds
Yonhap News reported that multiple fraud organizations have been caught, who deceived numerous individuals by posing as investment experts and claiming high returns from cryptocurrency investments, stealing 730 million won.
BTC Long/Short Ratios at Top 3 Futures Exchanges
Recent 24-hour BTC perpetual futures long/short positions by open interest at the world's top 3 cryptocurrency futures exchanges are as follows:
Overall Exchanges: Long 49.25% / Short 50.75%
1. Binance: Long 48.08% / Short 51.92%
2. OKX: Long 49.03% / Short 50.97%
3. Bybit: Long 49.43% / Short 50.57%
China's Ministry of Commerce Urges US to Halt 232 Trillion Tariff Measures
Chinese Ministry of Commerce spokesperson He Yunchan stated in a regular press conference, "The US tariffs on imported automobiles, steel, aluminum (Section 232) and security impact investigations on imported medicines are unilateral protectionist measures. We strongly urge the US to immediately stop these 232 tariff measures and resolve concerns through dialogue."
CFTC Acting Chair May Depart After New Chair's Appointment
Coindesk reported that CFTC Acting Chair Caroline Pham might leave the CFTC after a new chair is appointed.
Trump: "Possible Direct Participation in Russia-Ukraine Talks"
Donald Trump said, "If appropriate, I will go to Turkey before Friday and participate in the Russia-Ukraine talks."
Google Bitcoin Search Volume at Lowest in 6 Months
Cointelegraph reported that Bitcoin search volume on Google has reached its lowest level in 6 months.
BTC Below $102,000
According to Coinness market monitoring, BTC is trading below $102,000. On Binance USDT market, BTC is trading at $101,973.48.
