Pulse- Real-Time Web3 Insights

Despite $170 million in margin liquidations, BTC's upward momentum is supported by buying in spot and futures markets, with limited use of futures leverage and weak demand for stablecoins in China indicating sustainability. BTC showed resilience at the $102,000 support level on May 19, with slight discounts in Chinese USDT trades and no excessive leverage in futures markets paving the way for a stronger bull run above $105,000.

Bithumb has increased its market share to approximately 25% of South Korea's total crypto trading volume, a significant rise from single digits in 2023, thanks to aggressive marketing strategies. The exchange is also planning an IPO by the end of 2025, with Samsung Securities leading the underwriting.

BTC price exceeds $106,000, with a 0.55% drop in the last 24 hours on OKX-BTC/USDT, currently at $105,997.80.

Trader James Wynn has realized a floating profit of $12.46 million from his 40x leveraged long position on BTC, with a 1% fluctuation in BTC's price equating to a $5.63 million change in his $563 million position. Approximately an hour ago, he took profits on 189 BTC (around $20 million) at a price of $105,745 per BTC.

The U.S. SEC has extended the deadline to decide on several Solana-tracking ETF proposals, citing the need for more time to review legal and policy issues related to applications from 21Shares, Bitwise, VanEck, and Canary Capital, without indicating approval or rejection likelihood.

Anza, a spin-off from Solana Labs, has introduced the Alpenglow initiative, marking the most significant update to the Solana core protocol to date.

A whale has withdrawn 1,350 BTC from Binance, approximately worth $141.91 million, increasing their total holdings to 20,723 BTC valued at around $2.19 billion.

James Wynn has seen a floating profit of $12.46 million from his 40x leveraged long position in BTC, with a liquidation price set at $97,897.

Bitcoin's Sharpe ratio is converging with gold's, suggesting comparable risk-adjusted returns and reinforcing its role as a store of value. Despite gold outperforming Bitcoin in Q1 2025, Bitcoin ETF inflows are recovering, with price predictions ranging from $110,000 to $444,000 for the year.

On May 20 (UTC+8), TRON founder Justin Sun congratulated the cryptocurrency project Worldcoin on the successful opening of its flagship store in West Hollywood, California, and its global product launch, via social media.

Circle, the issuer of USDC, is planning an IPO targeting at least $5 billion but is also in informal discussions with Ripple and Coinbase about a potential sale, with differing payment structures for each suitor.

Despite $170 million in margin liquidations, Bitcoin's price maintains upward momentum, supported by spot and futures market buying. Weak stablecoin demand in China and limited futures leverage suggest the rally's sustainability.

Ripple has launched blockchain-based cross-border payments in the UAE, while Strategy, the top corporate Bitcoin holder, acquired 7,390 BTC amidst a class-action lawsuit. Bitcoin achieved its highest-ever weekly close, nearing its all-time high.

Recent datasets suggest Uniswap's UNI token is showing potential to reclaim the $7 mark, as market analysis highlights increasing investor interest.

Crypto.com and Canary Capital are launching a US investment fund focused on the Cronos blockchain's CRO token, aimed at accredited investors and not as an ETF, as part of efforts to mainstream cryptocurrency.

On May 20 (UTC+8), The Block reported that the assets under management (AUM) of spot Bitcoin exchange-traded funds (ETFs) reached a record $109 billion, highlighting their growing role in expanding institutional access to digital assets. The increasing diversity of allocators, including a Hong Kong-based firm and Abu Dhabi's sovereign wealth fund, alongside academic endowments, signals a shift in global institutional acceptance.

Circle Internet Financial is reportedly seeking acquisition bids from Coinbase and Ripple at a valuation of at least $5 billion, while still pursuing a public listing, according to Fortune.

Bitcoin's attempt to surpass $107,000 was met with strong resistance, indicating active sellers at higher levels, yet solid buying interest at lower prices suggests ongoing accumulation by long-term investors like Strategy and Metaplanet.

Jamie Dimon, a long-time critic of bitcoin, revealed that JPMorgan will now permit its clients to purchase the cryptocurrency.

Ripple has introduced cross-border blockchain payments in the UAE, with Zand Bank and Mamo as primary users, aiming to enhance digital asset adoption in the region.

El Salvador's bitcoin investments have reached a new peak with over $357 million in unrealized profits, as President Nayib Bukele reaffirms his commitment to the cryptocurrency despite IMF agreements. Meanwhile, the crypto market faces volatility with Bitcoin's price whipsawing near all-time highs.

Circle is reportedly discussing a potential acquisition with Coinbase and Ripple, with Ripple's $4-5 billion bid, possibly including XRP and cash, being rejected. Coinbase CEO Brian Armstrong mentioned there's currently nothing to announce regarding a deal.

JPMorgan Chase CEO Jamie Dimon announced on May 19, 2025, that the bank would permit clients to buy Bitcoin, though it won't provide custody services, maintaining his skeptical stance on the cryptocurrency. He also highlighted that while JPMorgan extensively uses blockchain, its impact pales in comparison to AI.

The controversy surrounding Cardano's ICO-era redemption issues has re-emerged, casting doubts on the sustainability of ADA's current market rally.

Paul Brody, EY's blockchain leader, asserts that while Bitcoin serves as an asset and Ethereum as a platform, the foundational Layer 0 is what truly matters in the blockchain ecosystem.

ETH price exceeds $2500.76 on OKX, marking a 24-hour decrease of 2.96%.

BTC price exceeds $105,000, with a 0.21% drop in the last 24 hours, as reported by ChainCatcher from OKX-BTC/USDT data.

Bitcoin (BTC) experienced a 2.5% rise from the day's lows, targeting $105,000 after the Wall Street open, amidst ongoing volatility and divided opinions on the bull market's longevity. Traders and analysts highlight key price levels to watch, with some suggesting the bull run may be nearing its end.

Trust Wallet has officially integrated the Sonic chain swap feature, enabling users to seamlessly exchange tokens within the app.

The former head of Binance Russia, also a Blum co-founder, was arrested linked to a fraud case after serving nearly two years at Binance.

Dogecoin stabilizes at $0.215 after a steep decline, with market participants observing a resurgence in buying interest.

JPMorgan's research highlights a 2% increase in BTC network hash rate in the first two weeks of May, averaging 85 EH/s, alongside improved mining profitability and a 13% rise in hash price from April.

JPMorgan Chase CEO Jamie Dimon announced that the bank will allow its clients to purchase Bitcoin, but it will not offer custody services for the cryptocurrency.

An unknown wallet transferred 1,419 BTC, approximately $148 million, to Coinbase Institutional, as monitored by Whale Alert.

Bybit has introduced equities trading in its Gold & FX section, enabling users to trade shares of 78 companies, including Coinbase and the 'Magnificent 7', using USDT. This expansion, based on a CFD model, allows speculation on price movements without owning the underlying assets, with dividend adjustments based on ex-dividend events.

On May 19 (UTC+8), cryptocurrency exchange Bybit announced an innovative service allowing direct trading of global stocks using USDT, supporting 78 popular stocks including Apple and Tesla, as part of its MT5 product suite.

The Chicago Mercantile Exchange (CME) has launched XRP and micro XRP futures today, as reported by Cointelegraph.

BTC has exceeded $104,000, with OKX-BTC/USDT currently reported at $103,972, marking a 1.38% decline over 24 hours.

The audit report for TONMINER has been released, covering the audit scope of gem_messages.tact, gem_player.tact, and gem_registry.tact on the TON blockchain platform. For detailed findings and security analysis, check out the full audit on the project detail page.

Berachain's co-founder clarified that HONEY is fully collateralized by PayPal USD, with plans to streamline the redemption process in the future. Currently, users can exchange HONEY for USDC via Ethereum or directly through major exchanges.

Bybit has introduced a feature allowing users to trade 78 major global stocks directly with USDT, expanding its Gold & FX (MT5) offerings to include traditional assets like stocks, gold, oil, indices, and forex.

Trader James Wynn has opened a long position on BTC with a $570 million value using 40x leverage, starting with $14.28 million in margin for 5,520 BTC at an entry price of $103,302, with a liquidation price at $98,294.

Charles Hoskinson, founder of Cardano, refuted allegations of misappropriating $600 million in ADA, committing to an audit to clarify the situation. The controversy involves a 318M ADA transfer during the 2021 Allegra hard fork, with accusations from NFT artist Masato Alexander regarding ledger manipulation, which Hoskinson countered by stating most funds were redeemed or donated to Intersect.

According to on-chain analyst Yu Jin, an address suspected to belong to the ether.fi team deposited 5 million ETHFI, approximately $6.2 million, into Binance 20 minutes ago. This address had received 14.5 million ETHFI from the ether.fi team's token allocation contract in February.

Virtuals Protocol announced the launch of proxy staking, marking the end of passive holding as staking becomes the standard way to earn points within the Virtuals ecosystem. The transition period ends on May 22 at 3 PM GMT+8, after which only staked proxy tokens will be eligible to earn points.

Yala has officially launched its core asset YU on the Solana mainnet, marking a significant milestone in its BTC multi-chain liquidity strategy. As one of the first BTCFi projects to receive strategic funding and liquidity support from the Solana Foundation, Yala is set to enhance BTC liquidity within Solana's high-performance DeFi ecosystem.

On May 19 (UTC+8), Strategy acquired 7,390 bitcoins at $103,498 each, totaling $765 million, with a year-to-date return of 16.3%. The total holdings now stand at 576,230 bitcoins, valued at approximately $40.18 billion, with an average price of $69,726 per bitcoin.

BounceBit and BlackRock's BUIDL have introduced the first RWA CeDeFi structured product, offering a 24% APY real yield through Treasury yield, options premiums, and basis spread, showcasing BounceBit's BB Prime product line potential.

Circle has announced that the Sony Singapore online store now accepts USDC payments through Crypto.com, marking a significant step towards cryptocurrency adoption in retail.

Cardano founder Charles Hoskinson has denied allegations of misusing $600 million worth of ADA tokens, expressing deep hurt over the claims and promising an audit report to address community concerns.

A significant increase in Dogecoin's on-chain activity has led to heightened price volatility, with analysts suggesting a potential rally could be on the horizon.

Bitget has officially launched USD-margined BADGER perpetual contracts, offering leverage between 1x and 20x, with trading bots also becoming available.

The founder of Cardano has refuted allegations of misappropriating $600 million worth of ADA, committing to release an audit report for transparency.

BounceBit has successfully tested a BTC derivatives strategy using BlackRock's BUIDL fund as collateral, achieving an annualized yield of over 24%. The strategy includes BTC basis trading and selling BTC put options, both utilizing BUIDL tokens as collateral, and offers a new option for investors to gain US Treasury yields and crypto market arbitrage opportunities.

On May 19 (UTC+8), Strategy added 7,390 bitcoins, valued at $765 million, as reported by Watcher Guru.

The founder of Defillama remarked on the lawsuit against Strategy, emphasizing the importance for investors to be aware of the inherent risks associated with Bitcoin investments.

Defillama founder 0xngmi remarked on the Strategy lawsuit, stating it appears to stem from complaints about Strategy underestimating potential losses during BTC downturns, questioning expectations from a company advertising as 'BTC leverage'.

DigiAsia, a fintech company listed in the U.S., aims to raise $100 million, with a commitment to allocate half of its profits towards purchasing Bitcoin, as revealed by crypto KOL Pete Rizzo.

On May 19 (UTC+8), BitMart and Biteye co-hosted a Chinese AMA titled 'New Market Trends: Bull Market Return or Bear Market Warning?', featuring industry leaders and analysts discussing the recent rebound of BTC and ETH, and whether it signals a new bull cycle or a short-term technical recovery.

Quantum BioPharma, a listed company, has purchased an additional $1 million in BTC and other cryptocurrencies, approved by its board, bringing its total crypto investments to $4.5 million. The company is now prepared to accept cryptocurrency financing and execute other crypto-related transactions.

Strategy, the leading corporate Bitcoin holder, purchased 7,390 BTC for approximately $765 million last week, as it faces a class-action lawsuit over alleged misleading statements about its Bitcoin investment strategy.

A whale deposited 7000 ETH to Binance, resulting in a paper loss of over $16 million, according to Onchain Lens monitoring. The address had previously accumulated 13478.61 ETH from Binance over 4-5 months, spending approximately $48.86 million, and still holds 6478.61 ETH valued at around $15.57 million.

XRP's price shows bearish signs as a head-and-shoulders pattern confirms, with a potential drop to $2. Decreasing open interest in XRP futures indicates weakening trader confidence.

Strategy, formerly MicroStrategy, along with its CEO Michael Saylor, CFO Phong Le, and executive Andrew Kang, faces a class action lawsuit in the U.S. District Court for the Eastern District of Virginia. The lawsuit, filed by plaintiff Anas Hamza on behalf of investors from April 30, 2024, to April 4, 2025, accuses the defendants of making false or misleading statements about the company's Bitcoin investment strategy and expected profitability, failing to disclose relevant information and risks associated with Bitcoin's volatility, and not revealing potential losses under new accounting standards. MicroStrategy has stated it will vigorously defend against the claims but cannot predict the outcome or estimate potential losses.

A class action lawsuit was filed against Strategy and its executives, including Michael J. Saylor, Phong Le, and Andrew Kang, alleging false statements about the company's BTC investment strategy and failure to disclose associated risks, seeking compensation for investor losses.

A strategic acquisition has secured 7,390 BTC for $764.9 billion at $103,498 per bitcoin, achieving a BTC yield of 16.3% YTD 2025. As of May 18, 2025, it holds 576,230 BTC acquired for $40.18 billion at an average price of $69,726 per bitcoin.

From May 12 to May 18, Strategy purchased 7,390 BTC at an average price of $103,498, totaling $764.9 million. As of May 18, 2025, the company holds 576,230 BTC with an average purchase price of $69,726 per BTC, totaling approximately $40.18 billion spent.

Butterfly (BF), the inaugural project on JuChain's native L1 blockchain, launched on May 16, 2025, and saw a more than 20-fold increase in value within 60 hours, currently trading at 0.135 USDT. The project aims to provide efficient, distributed computing power support for AI calculations, playing a pivotal role in the Web3 ecosystem.

A Binance Alpha report highlights a trend favoring professional traders due to increasing points thresholds and minimal airdrop rewards, with most new listings and airdrop tokens experiencing declines.

An Australian judge has classified Bitcoin as a form of currency rather than an asset, a decision that could exempt it from capital gains tax.

Strategy, formerly MicroStrategy, purchased an additional 7,390 BTC for approximately $765 million, increasing its total holdings to 576,230 BTC, as part of its aggressive bitcoin acquisition strategy.

According to Whale Alert, the USDC Treasury has minted an additional 250 million USDC on the Solana blockchain at 19:39 Beijing time today.

A criminal case ruling in Australia could result in $640 million in BTC tax refunds, challenging the ATO's stance on cryptocurrencies as taxable assets since 2014. The judge's decision to classify BTC as currency rather than a taxable asset may exempt BTC transactions from current capital gains tax laws.

Crypto.com has partnered with Canary Capital to introduce the Canary CRO Trust, the first product offering US investors exposure to CRO tokens through a regulated framework, aimed at qualified investors.

A trader suffered a $2.79 million loss within two days on Hyperliquid through three high-leverage trades involving BTC and ETH, starting with a $2.96 million USDC investment that dwindled to $172,000.