BTC Futures Open Interest Exceeds $8 Billion...Breaking Record Again
Coin Telegraph reported that BTC perpetual futures open interest has surpassed $8 billion, breaking the record again. This represents a 30% increase compared to early May. The media explained, "If BTC price moves in the opposite direction of overly leveraged positions, large-scale forced liquidations could occur, increasing volatility. However, analysts believe that the over $2.5 billion inflow into BTC spot ETF this week could partially offset the impact of excessive leverage positions."
Sui Urgently Launches Whitelist Feature...Preparing for Hacker Fund Recovery
U Blockchain reported that Sui has urgently launched a whitelist feature. All transactions registered on the whitelist can skip security checks. Additionally, upgrade transactions performed by the newly introduced restore module are automatically registered on the whitelist. U Blockchain explained this could be a measure to prepare for the return of funds stolen by hackers who took $220 million from Sui-based DEX Cetus to liquidity providers.
Beware of Fake Ledger Live App..."Be Cautious When Seed Phrase is Requested"
Coin Telegraph reported that incidents of stealing users' seed phrases by impersonating Ledger's mobile and desktop app Ledger Live are occurring. Cyber security company Moonrock explained, "While methods of embedding malware on macOS to steal seed phrases existed before, they couldn't withdraw funds from users' wallets. However, recent criminal methods have become more sophisticated, successfully stealing user funds using stolen seed phrases. Users should be suspicious if the Ledger Live app requests seed phrase input."
MindNetwork Partners with Alibaba Cloud
Fully Homomorphic Encryption (FHE) infrastructure protocol MindNetwork announced a partnership with Alibaba Cloud. Accordingly, MindNetwork plans to upgrade AgenticWorld infrastructure to support ▲encrypted inference through FHE ▲on-chain verification via MindChain ▲deployment on Alibaba Cloud's global security network ▲support for hybrid agents, encrypted APIs, and scalable AI workflows. Meanwhile, FHE trading became possible at Binance Alpha Trading Competition. Users can trade FHE on BNB Smart Chain and share a total prize pool of $4.2 million.
Analysis: "From Retail Investors to Whales, All Buying BTC"
Coin Desk analyzed that both whales and individual investors are actively buying BTC. "Glassnode's accumulation trend score, indicating the relative strength of BTC buying by holding volume, recorded 1.0, the highest since January. This means all investors are aggressively buying BTC regardless of their holdings. Recently, whales holding over 10,000 BTC have been leading the buying trend." They added, "The options market is supporting new demand. For June expiration, there are $620 million in open interest for $300,000 call options and $420 million for $200,000 call options."
Hyperliquid Submits Opinion Paper to US CFTC on Perpetual Derivatives
Decentralized exchange (DEX) Hyperliquid Labs submitted an opinion paper to the US Commodity Futures Trading Commission (CFTC) regarding perpetual derivatives and 24/7 trading via X. This is a response to CFTC's request for opinions on market liquidity, collateral management, and regulatory oversight.
HSBC Launches Tokenized Deposit-Based Payment Service in Hong Kong
Global bank HSBC is launching a blockchain payment service based on tokenized deposits in Hong Kong. According to local media Hui Hang Communication, corporate customers can tokenize funds deposited in HSBC accounts and transfer them.
MindNetwork Conducts FHE Airdrop for UXLINK Korean Community
Fully Homomorphic Encryption (FHE) infrastructure protocol MindNetwork announced an FHE airdrop for elite Non-Fungible Token holders in the UXLINK Korean community. The purpose is to strengthen cooperation between the two companies and fully enter the Korean market. The projects plan to host online and offline joint events for Korean users in the future. Previously, UFLY Labs, UXLINK's ecosystem fund, made a strategic investment in MindNetwork. MindNetwork is a blockchain dedicated to AI agents using FHE technology, characterized by its aim to create a collaborative multi-agent system across Web2 and Web3.
Justin Sun: "Trump's Crypto Support is the Best Decision"
TRON founder Justin Sun predicted that Donald Trump's acceptance of cryptocurrency would be a positive turning point for US crypto innovation. According to Coin Desk, he attended the 'Trump Dinner' in Washington on the 22nd and emphasized, "Trump's crypto support is one of his best decisions. This dinner is a clear signal that the US is reclaiming its status as a global crypto hub, in contrast to the Biden administration's war against the crypto industry." He added, "I believe meme coins have sufficient value. Some will succeed, some will become worthless. It's similar to business principles."
Gravity X Bithumb Week Event Concludes...82,000 Participants
Layer 1 blockchain Gravity(G) announced that it successfully concluded the 'Gravity X Bithumb Week' community event with Bithumb. The event was held from the 14th to the 17th at the Bithumb Sharing Center near Samsung Station and attracted a total of 82,600 participants online and offline. In particular, the L2E (Learn-to-Earn) airdrop event held from the 14th to the 16th captured participants' attention and proved the potential of an educational airdrop model. Andrew Kim, Global BD Director at Galaxy, said, "This event was a signal that Gravity has begun building a community in the Korean market. We will solidify our community base even before the launch of the Gravity mainnet."
Analysis: "BTC Shows Buyer Dominance... Likely to Continue Rising"
An analysis suggests that despite BTC reaching an all-time high, a buyer dominance phenomenon is emerging in the market. According to CoinTelegraph, Ibrahim Cosar, a contributor to CryptoQuant, analyzed that "the buyer dominance trend is prominent in the BTC 90-day Cumulative Delta Volume (CVD) indicator. Buy orders are outpacing sell orders, which could signal a potential continuation of the upward trend."
Analysis: "ETH Strength Confirmed if Surpassing $2,900"
Glassnode posted on X that "ETH has exceeded both the realized price (including inactive wallets, $1,900) and the True Market Mean ($2,400), which is interpreted as a bullish signal. However, for a more definitive upward trend, it needs to surpass the active realized price of $2,900, which represents the average purchase price of recently active investors."
