txd102023

An unknown whale transferred approximately 104 BTC (worth about $8 million) to an unusable burn address on May 27, permanently removing them from circulation. This move further reinforces the scarcity narrative of Bitcoin. Currently, BTC implied volatility has dropped to a 9-month low, while the US spot Bitcoin ETF saw a net outflow of about $1 billion in May, indicating cooling institutional demand. The market believes that with the continuous reduction in circulating supply and the upcoming halving expectations, BTC's long-term scarcity value remains in focus. The current key support level is at $74,000, with resistance around $80,000.

Bankless co-founder David Hoffman has fully sold off ETH, citing his belief that the development of the Ethereum ecosystem may not necessarily drive ETH price increases. ETH is currently around $2111, down 57% from its all-time high in 2025. He stated that Ethereum has "succeeded," but the value is more captured by Layer2 solutions rather than flowing back to ETH itself. Nevertheless, he remains bullish on the Ethereum network in the long term. Meanwhile, institutions like Bitmine continue to increase their ETH holdings, and on-chain staking has reached new highs, indicating that the market still has confidence in the Ethereum ecosystem.

THORChain was hacked on May 15, suffering a loss of approximately $10.7 million. The ADR028 recovery plan has been approved, and the network restart is underway. The official statement says the development team is still fixing security issues. Nodes have been upgraded to v3.18.1, and subsequent versions are under testing. The attack was caused by new node operators exploiting a GG20 signature vulnerability to steal funds. The recovery plan will prioritize using the protocol's own liquidity to cover losses, without issuing new RUNE tokens or selling off RUNE, and without diluting holders. Attacker nodes will be penalized, and any recovered excess funds will be destroyed. Currently, THORChain has also launched a bounty program, hoping hackers will return part of the funds. A comprehensive security audit will be conducted before the network is fully restored.

Bitmine bought an additional 111,942 ETH as ETH fell below $2200, currently holding a total of 5.39 million ETH, valued at approximately $12.3 billion, accounting for 4.47% of the total ETH supply. Tom Lee expressed optimism about the crypto and Ethereum "super cycle," mainly driven by Wall Street asset tokenization and AI development. The company's goal is to hold over 6 million ETH this year, representing 5% of the circulating supply. Currently, Bitmine has staked more than 87% of its ETH, generating about $276 million in staking revenue annually. With the launch of ETH ETFs, simply holding coins is no longer enough; staking revenue is becoming the core profit model for ETH treasury companies.

Worldcoin (WLD) rose 22% in 24 hours, successfully breaking through the descending channel, with trading volume and long positions increasing in sync. On-chain data shows continuous net outflows from exchanges for WLD, indicating that funds are more inclined to accumulate rather than sell. The funding rate has turned positive, and market sentiment has clearly shifted bullish. Technically, WLD has risen above the 20-day EMA ($0.26). If it breaks the key resistance at $0.32, it could further climb to $0.42; if it falls below $0.22, it may retest the low at $0.16. The market believes that with the AI concept warming up and the backing of OpenAI CEO Sam Altman, WLD is becoming an important high-volatility asset in the AI sector.

In 2025, about 60% of the revenue of Ethereum reserve companies comes from ETH staking, but 15 listed companies still have a combined loss of $1.41 billion. Bit Digital's ETH staking revenue increased by 287% year-on-year, but it still lost $80.3 million; Sharplink lost $735 million; BitMine suffered a six-month loss as high as $9.02 billion. With the emergence of spot ETH ETFs, simply holding coins has lost its appeal, and more companies are starting to generate income through staking, DeFi lending, and MEV strategies. However, ETH prices have fallen more than 57% from the 2025 peak, and the industry as a whole still faces enormous financial pressure.

Uniswap joins the Base MCP ecosystem and, together with 6 other protocols, launches an AI plugin that allows AI agents to complete token swaps directly through the chat interface. Users can place orders in natural language on platforms like ChatGPT and Claude. The system generates a transaction confirmation request that must be manually approved by the wallet holder before execution, ensuring private keys are never exposed. In addition to Uniswap, protocols such as Morpho, Aerodrome, and Moonwell have also integrated, demonstrating that AI + DeFi integration is accelerating.

An Ethereum wallet that had been dormant for over 10 years recently transferred all 2,000 ETH, turning an investment of only $620 at the time into about $4.2 million, yielding a return of 6800 times. The wallet bought in when ETH was about $0.31 and did not sell through multiple bull and bear markets. Currently, the funds have not flowed into exchanges, and the market believes it is more likely an asset transfer rather than a sell-off.

On-chain data shows that two major whale wallets are heavily going long on DOGE and LINK, currently having established positions worth about $4.3 million, with additional buy orders totaling around $8 million. Specifically: * DOGE has the largest long position scale * LINK also shows clear whale accumulation However, the technical outlook remains weak: * DOGE RSI is only about 42, indicating moderate momentum * MACD is still bearish * Key support lies between $0.095 and $0.10 Market focus: If DOGE and LINK hold their support levels, whale long positions may drive a rebound; if they break these key levels, further downside is possible.

XRPL proposes an AMM upgrade draft, adding 3 new types of liquidity curves to improve DeFi capital efficiency and narrow the gap with Ethereum and Solana. New features include: * Constant Product * Concentrated Liquidity * StableSwap (suitable for stablecoin trading) This means: XRPL's AMM will be able to offer deeper liquidity, lower slippage, and be more suitable for stablecoin and RWA (real-world asset) trading. Currently, the proposal is still in draft form and will require community voting for approval.