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According to Coinglass data, if ETH breaks through $2,285, the cumulative short liquidation intensity on mainstream CEX will reach $952 million. Conversely, if ETH falls below $2,078, the cumulative long liquidation intensity on mainstream CEX will reach $564 million.

According to Coinglass data, if BTC breaks through $82,001, the cumulative short liquidation intensity on mainstream CEX will reach $1.194 billion. Conversely, if BTC falls below $74,561, the cumulative long liquidation intensity on mainstream CEX will reach $956 million.

According to monitoring by Lookonchain, despite the market decline, the BIT-associated whale that previously made a profit of about 59 million USD is still continuously increasing its long positions in ETH.Currently, this whale holds a total of 114,160 ETH long positions across 4 wallets, with a position value of approximately 248.65 million USD, and a current unrealized loss of about 10.3 million USD.

According to Coinglass data, if ETH breaks through $2,284, the cumulative short liquidation intensity on major CEXs will reach $1.174 billion. Conversely, if ETH falls below $2,077, the cumulative long liquidation intensity on major CEXs will reach $471 million.

According to monitoring by Lookonchain, Huang Licheng is facing liquidation again after more than two weeks without being liquidated. His account balance has dropped to $85,000, with a total loss of $31.99 million. The current position is 1,275 ETH ($2.77 million), and the liquidation price is $2,152.96.

THORChain officials stated that a large number of fake accounts and false information have appeared in the market, involving activities such as "refunds," "airdrops," and "compensations"; preliminary investigations show that user funds were not harmed in the previous security incidents, and no refund, airdrop, or compensation plans are currently underway. Any accounts claiming otherwise are impersonating or spreading false information. Progress on the investigation and more information will be announced later.

According to Coinglass data, if BTC breaks through $81,593, the cumulative short liquidation intensity on mainstream CEX will reach $1.614 billion. Conversely, if BTC falls below $74,621, the cumulative long liquidation intensity on mainstream CEX will reach $811 million.

Liquid Capital founder Yi Lihua posted on platform X: "The rebound of this wave is basically over. I have expressed multiple times that this round is about looking for a rebound rather than a reversal, with a strategy to close positions upwards. The possible upcoming bearish factors include a normal correction in US stocks at high levels, the impact of oil prices on inflation issues, which may lead to changes in interest rate cut expectations, and notably, the significant rebound in US Treasury yields. Crypto is long-term beautiful; we are now in the darkness before dawn. Every round of a bear market has countless pessimists and those leaving the market, but deep bear markets are often good opportunities for entry and patience. The AI era benefits two waves of people: one wave is those who dare to go all in on AI stocks, and the other wave is AI entrepreneurs. I recommend allocating 50% of future earnings to the AI field; this is an irreversible trend. ALL IN AI is the only choice."

According to Coinglass data, if Bitcoin falls below $76,000, the cumulative long liquidation intensity on mainstream CEX will reach $628 million. Conversely, if Bitcoin breaks through $80,000, the cumulative short liquidation intensity on mainstream CEX will reach $914 million.The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster relative to nearby liquidation clusters, that is, the intensity. Therefore, the liquidation chart shows to what extent the underlying price reaching a certain position will be affected. A higher "liquidation bar" indicates that once the price reaches that point, there will be a stronger reaction due to the liquidity wave.

THORChain released an update on the hacking incident on platform X. Preliminary evidence suggests that a node that recently joined the network may have been controlled by a malicious operator, who exploited the GG20 TSS vulnerability to obtain key information from vault participants, ultimately reconstructing the vault private key and executing unauthorized withdrawal transactions. Currently, multiple THORChain nodes have been shut down, resulting in the network being in a paused state. RUNE transfers are expected to resume in about 12 hours, but the specific situation will depend on node decisions. Functions such as trading, liquidity provider operations, and signing are still unavailable, and a full restoration of network functionality is expected to take several days. Recovery plans are under discussion and may include reducing the staking of affected nodes, as well as other remedial measures proposed by the community.

American AI chip company Cerebras Systems officially landed on Nasdaq, becoming the largest IPO globally since 2026, raising approximately $5.55 billion, with a peak increase of 108% during trading, and a closing market value of $67 billion on its first day.The company focuses on wafer-scale giant AI chip architecture and is seen as a significant competitor challenging Nvidia's GPU dominance, having received support for computing power orders from several AI companies, including OpenAI. Notably, the investor list includes 1789 Capital, which is involved with Donald Trump Jr. This institution has participated in two rounds of financing for Cerebras since 2025 and has continued to increase its investment in subsequent financing rounds.Cerebras completed multiple rounds of financing before its IPO, with its valuation rising to $23 billion at one point, attracting participation from several institutions and industry capital, including Benchmark, Fidelity, and AMD, forming a diverse shareholder structure covering Silicon Valley and Wall Street. Analysts point out that this IPO not only marks an important milestone in the AI chip sector but also further amplifies the trend of capital concentration in the AI infrastructure field, while the involvement of politically connected investment institutions adds more market and public attention to the deal.

Bitget PoolX is about to launch the project preOPAI, with a total airdrop of 60 preOPAI, and an individual lock-up limit of 400 preOPAI. The event will take place from May 16, 18:00 to May 21, 18:00 (UTC+8). For more details, please refer to the official Bitget platform.

According to GMGN data, ASTEROID on the Ethereum chain has risen over 16% in 24 hours, with a market cap reaching $139 million and a 24-hour trading volume of $14 million.It is reported that the narrative of the meme coin ASTEROID originates from a 15-year-old girl, Liv Perrotto. Her biggest wish in life was to meet Musk, and she participated in designing a Shiba Inu-shaped doll named "Asteroid." After the girl passed away, her mother publicly wrote to request Musk's attention, which was recounted and spread by well-known media personality Glenn Beck on his show. On April 19, Musk agreed for Asteroid to become the mascot of SpaceX.In terms of news, today a whale address 0x02e spent 629 ETH (approximately $1.4 million) to buy 4.2 billion ASTEROID at a price of $0.0003329.

According to CoinDesk, blockchain data analysis company Arkham Intelligence has monitored that the wallet holdings of Bhutan's sovereign wealth fund Druk Holding and Investments (DHI) have significantly decreased from about 13,000 BTC in October 2024 to approximately 3,100 BTC currently. Since mid-2025, over $1 billion worth of Bitcoin has flowed out, with funds directed to multiple exchanges and trading companies, including wallets interacting with Galaxy Digital and OKX.In response, DHI CEO Ujjwal Deep Dahal stated, "I don't remember when the last time we sold Bitcoin was." The official denied any selling activity but did not provide details on the specific wallet movements and did not confirm the current holdings.

According to Coinglass data, if ETH breaks through $2,336, the cumulative short liquidation intensity on mainstream CEX will reach $1.342 billion. Conversely, if ETH falls below $2,120, the cumulative long liquidation intensity on mainstream CEX will reach $933 million.

According to Coinglass data, if BTC breaks through $82,926, the cumulative short liquidation intensity on mainstream CEX will reach $1.662 billion. Conversely, if BTC falls below $75,555, the cumulative long liquidation intensity on mainstream CEX will reach $969 million.

According to Hong Kong's East Network, a 34-year-old man from the mainland traveled to Hong Kong with a two-way permit. During his time there, he reportedly lost about 500,000 yuan on a cryptocurrency platform and, feeling frustrated, expressed suicidal tendencies on social media and planned to go to Hong Kong.Law enforcement agencies launched an investigation after receiving relevant information and intercepted the man at around 12:30 PM on May 14 at a fast-food restaurant on Admiralty Road. A lighter and suspected gasoline were found on him. The police arrested him on suspicion of "possessing any item with the intent to destroy or damage property" and he is currently being detained for investigation.Reports indicate that no one was injured in the incident, and there was no need for evacuation at the scene. The man is said to have complained multiple times to the relevant platform about his investment losses but did not receive a satisfactory response.

Chainalysis posted on the X platform that before the theft of THORChain, wallets suspected to be associated with the attacker had been transferring funds through Monero, Hyperliquid, and THORChain for several weeks. The attacker-associated wallets had already deposited into Hyperliquid positions via the Hyperliquid and Monero privacy bridge as early as the end of April. The funds were then exchanged for USDC and transferred to Arbitrum, and later bridged to Ethereum, with some ETH subsequently transferred to THORChain to become staked RUNE for newly added nodes, which are believed to be the source of the attack.Afterward, the attacker bridged some RUNE back to Ethereum and split it into four pathways, one of which went directly to the attacker. After being transferred through intermediate wallets, 8 ETH was sent to the final wallet receiving the stolen funds 43 minutes before the attack. The funds from the other three pathways flowed in the opposite direction. These wallets bridged ETH back to Arbitrum, deposited it into Hyperliquid, and transferred it into Monero through the same privacy bridge, with the last transaction occurring less than 5 hours before the attack began.As of Friday afternoon, the stolen funds have not yet been used, but the attacker has demonstrated their skilled cross-chain money laundering capabilities, and the Hyperliquid to Monero path may become the next move.

Hyperliquid co-founder Jeff posted on the X platform, stating that he recently met with several policymakers in Washington, D.C. to discuss the ongoing "Clarity Act" and the cryptocurrency regulatory framework, focusing on promoting the compliance of on-chain derivatives trading markets in the United States.He mentioned that the discussions were divided into two levels: one part was more technical, involving Hyperliquid's on-chain trading architecture, global user demand, and its positioning as a financial innovation infrastructure; the other part was an introduction to the "first principles" of DeFi and on-chain markets, aimed at helping policymakers understand the relevant mechanisms and potential impacts.Jeff expressed that during these discussions, he sensed a "cautious but open" regulatory attitude towards the cryptocurrency industry from both parties in the U.S. and believes that the market is forming a policy window to promote the entry of on-chain derivatives into the U.S. system. He also emphasized that he will continue to advance relevant communications in Washington to strive for U.S. users to access Hyperliquid's on-chain trading market.

According to CoinDesk, on-chain analysis firm Arkham Data shows that over the past year, wallets associated with Bhutan have seen outflows of approximately $1 billion in Bitcoin, with funds flowing to multiple trading platforms and trading institutions, reducing their holdings from about 13,000 BTC to around 3,100 BTC.Arkham speculates that there may be ongoing selling behavior, and if the trend continues, the relevant addresses may be cleared of holdings before October 2026. However, Bhutan's sovereign fund Druk Holding and Investments (DHI) stated that "they do not recall any recent Bitcoin sales," did not respond to specific changes in on-chain addresses, and did not confirm the current holding size, only emphasizing that there are no additional comments.The report points out that some of the fund inflow paths are related to institutions such as Galaxy Digital and OKX, leading the market to interpret this as selling or over-the-counter trading behavior, but there are also possibilities of transfers into custody, collateralization, or structured trading that do not involve selling. Additionally, some trading institution personnel stated that there has been no clear selling recently.Furthermore, Bhutan's previous commitment to a reserve of 10,000 BTC for the "Gelephu Mindfulness City" project has also been questioned due to potential sell-offs. Currently, there is still significant disagreement regarding its actual holdings and mining operations.