According to Lookonchain monitoring, in the past 5 hours, a whale opened a long position of 1.97 million TON with 3x leverage, worth $5.39 million, with a liquidation price of $0.944.

According to Odaily Seer, an account (address: 0x492442eab586f242b53bda933fd5de859c8a3782) that lost over $2.3 million in the Polymarket prediction event for "NBA Eastern Conference Semifinals Game 2: Pistons vs. Cavaliers," purchased over $210,000 worth of bets on the Pistons to win by a 3.5-point spread against the Cavaliers. The average opening price was 51¢, resulting in a floating profit of $60,000. Game 2 of the NBA Eastern Conference Semifinals between the Pistons and Cavaliers started at 7:00 AM Beijing time today. Currently, in the second quarter, the score is 36-29, with the Pistons leading. The series is 1-0, with the Pistons holding a temporary advantage. Odaily Seer continuously monitors the prediction market, anticipating changes before they are priced in.

Bitwise CIO Matt Hougan has forecasted a significant shift in Bitcoin's role from a speculative asset to a standard reserve asset by 2050. According to NS3.AI, Hougan anticipates that central banks will adopt Bitcoin as a reserve asset, marking a complete transformation from its initial speculative use in 2009. Hougan also highlighted the changing perceptions of Bitcoin, noting that while it was considered dead three months ago, the focus has now shifted to gold, with some suggesting that fiat currency has effectively died.

GoMining has unveiled GoBTC Pay, a new protocol aimed at facilitating Bitcoin payments on the cryptocurrency's base layer. According to NS3.AI, the protocol is intended to enable consumers to process payments instantly, thereby enhancing the convenience of daily Bitcoin transactions.

Economist Steve Hanke has flagged the US stock market as being in bubble territory, citing his bubble detector and the bond-stock yield spread as confirmation signals. According to BeInCrypto, Hanke's warning comes as five mega-cap tech stocks, including Alphabet, Nvidia, Amazon, Broadcom, and Apple, have driven significant gains in the S&P 500 since April 1. These stocks contributed about six percentage points to the index's 12% rise. Additionally, call option volume on the S&P 500 reached a record $2.6 trillion, reflecting heightened risk appetite among traders.

Federal Reserve President Austan D. Goolsbee stated that it is incorrect to assume that the Federal Reserve only has the option to cut interest rates. According to Jin10, Goolsbee emphasized the importance of considering a range of monetary policy tools to address economic challenges. He noted that focusing solely on rate cuts could overlook other effective measures that the Fed can employ to manage economic conditions. Goolsbee's comments come amid ongoing discussions about the future direction of U.S. monetary policy.

Ondo Finance's token ONDO experienced a significant rise, increasing approximately 68% over the week to reach $0.45. According to NS3.AI, this surge followed the Depository Trust & Clearing Corporation (DTCC) unveiling timelines for its tokenization service, which includes Ondo Finance in an industry working group. Additionally, ONDO saw a 29% increase in the past 24 hours. This upward movement occurred after Ondo, Kinexys by J.P. Morgan, Mastercard, and Ripple announced the completion of a near real-time cross-border redemption of a tokenized U.S. Treasury fund.

SEC Chair Paul Atkins has proposed that the agency should engage in notice-and-comment rulemaking to clarify the application of exchange, broker, and clearing agency definitions to onchain trading systems. According to NS3.AI, Atkins highlighted that software applications and crypto vaults do not align well with existing regulatory categories, as a single protocol can integrate trading, collateral management, liquidity routing, and settlement. His remarks come after a staff statement last month indicated that interfaces like DeFi wallets would typically not be classified as brokers.

This week's Crypto Biz roundup highlights a shift in institutional demand within the cryptocurrency market. According to NS3.AI, U.S. spot Bitcoin ETFs have attracted nearly $1 billion in inflows, indicating a growing interest beyond retail investors. Additionally, the roundup covers Kalshi's institutional block trade, a16z crypto's successful $2 billion fundraising, and the Tennessee Bankers Association's Stablecore agreement involving approximately 175 banks.

Julio Moreno has indicated that Bitcoin profit-taking could intensify following the realization of 14,600 BTC, equivalent to $1.1 billion, in profits on Monday. According to NS3.AI, Farside data revealed that Bitcoin ETF inflows for the week exceeded $1 billion, prior to a $268.5 million outflow on Friday.

From Shanghai residential buildings to global dominance, a decade of turbulent history for Chinese cryptocurrency exchanges: from its wild beginnings to the battle of three giants, the September 4th regulations, and its reshaping through overseas expansion—a chronicle of the rise and fall of the industry.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on AI, DeFi, DAO, NFT, and the metaverse.

Musk, who has always denounced Anthropic as "anti-human" and "evil" and claimed that it "hates Western civilization," suddenly announced a major computing power collaboration with this former arch-rival.

The bell for the largest IPO in history has not yet truly rung, but the capital market is already stirring.

After eight years of bull and bear markets, the crypto revolution hasn't followed the expected script. Fiat currency still exists, intermediaries still exist, but every bubble and liquidation brings a new underlying financial system one step closer to us.

The six-layer model of stablecoin payment infrastructure includes licensing and regulation, customer onboarding, custody and wallets, fiat currency deposits and stablecoin receipts, distribution and payment, and exchange (fiat currency-stablecoin swaps).

Hedge fund manager Jones asserted that incoming Federal Reserve Chairman Warsh would not cut interest rates.

Since the late 19th century, the United States has gone from "profiting from disasters" to actively provoking and participating in numerous wars. In most cases, the US stock market has surged. Notably, during the war in Afghanistan, which spanned the 2008 financial crisis, the Dow Jones Industrial Average nearly doubled.

What exactly caused Saylor to completely change his stance on Bitcoin? And who would still believe him now?

A former Taiwanese news anchor has been accused of taking cryptocurrency from a suspected foreign agent to produce politically influenced news content and scripts. He is also alleged to have helped bribe military personnel to leak classified information in exchange for crypto payments, leading to multiple espionage-related charges.