News linked to both this project and an event.
According to on-chain analyst Onchain Lens (@OnchainLens), the whale Loracle.hl (@loraclexyz) has opened a 20x short position on 156 BTC, with a position value of approximately $12.66 million. Its 10x SNDK position—opened two days ago—is currently in profit by over $648,000, while its 5x short position on HYPE is generating over $2.3 million in profit. The address’s cumulative profits have now exceeded $41 million.
According to on-chain analyst Onchain Lens (@OnchainLens), Alameda Research withdrew 162.64 BTC, 274.29 ETH, 315,299 MASK, and 6.877 million USDT from KuCoin over the past two hours, totaling over $20 million in value. Specifically, the BTC is valued at approximately $13.21 million, ETH at around $630,000, and MASK at roughly $168,000.
According to on-chain analyst Ai Aunt (@ai9684xtpa), “Ma Ji Lao Ge” has incurred a loss of $2.16 million on his long positions over the past week—nearly erasing all profits generated over the previous month—leaving him with only $187,000 in net profit. He currently holds long positions in BTC and ETH valued at $40.59 million: 14,150 ETH (worth $32.41 million) and 101 BTC (worth $8.18 million). His overall unrealized loss stands at $484,000.
According to Lookonchain monitoring, U.S. Bitcoin ETFs experienced a net outflow of 7 BTC today, Ethereum ETFs saw a net outflow of 1,183 ETH, and Solana ETFs registered a net inflow of 259,129 SOL.
although Bitcoin has retraced approximately 2.5% from its local high of $82,800 on May 6, market analysts widely believe its overall uptrend structure remains intact, and it has re-entered the "full bull market momentum" zone. Swiss wealth management firm Swissblock points out that Bitcoin has re-entered a price expansion zone, with the Bull Market Support Band turning into support. The 21-week EMA has crossed back above the 20-week SMA, shifting the trend structure back to bullish.Bitcoin is currently consolidating around the $80,000 level, where the "Realized Market Mean" and the short-term holder cost basis form key support, while the realized price near $85,000 represents overhead resistance. Spot buying pressure driven by whales and institutions is strengthening, while the proportion of speculative derivatives activity is declining. Historically, similar structural setups have often corresponded to sustainable uptrends. If this indicator remains persistently positive, it could further propel Bitcoin's upward cycle.On the liquidity front, the Stablecoin Supply Ratio (SSR) has rebounded from historical lows into a critical range, indicating stablecoin capital is flowing back into the market. This signal previously corresponded to阶段性底部反弹 (significant bottom bounces) in mid-2021, 2022, and mid-2023.Meanwhile, Binance's Stablecoin Supply Ratio Oscillator (SSR Oscillator) has risen to 2.8, hitting a 12-month high, demonstrating a notable increase in stablecoin purchasing power. On-chain activity is also strengthening. Bitcoin's daily transaction volume increased by 116% in May to 831,400 transactions, a 20-month high; the number of active addresses grew 7.1% week-over-week to 707,700; and total fees rose 37% to $279,300, indicating significantly heightened network usage activity. Regarding capital structure, the 90-day spot Taker CVD has turned consistently positive, suggesting spot buying is dominating the market. Glassnode data shows this indicator has further increased to $62 million compared to a week earlier, reflecting a strengthening of active buying sentiment in the market.In summary, price structure, liquidity indicators, and on-chain demand all indicate that Bitcoin remains in a "strong trend expansion phase," with the bull market momentum not yet exhausted. (Cointelegraph)
Odaily Odaily News According to the latest weekly report from Gate Ventures, global markets continued to strengthen last week, driven by the technology sector. Both the S&P 500 and the Nasdaq index hit new record highs, with the S&P 500 gaining 2.36% for the week and the Nasdaq rising 4.52%. In the crypto market, BTC rose 4.6% last week, ETH rose 2.1%, spot BTC ETFs recorded net inflows for the fifth consecutive week, and market sentiment recovered to the neutral range. Additionally, the total market cap of cryptocurrencies excluding the top ten assets increased by 12.6% for the week.On the macroeconomic front, the ISM Services Price Index rose to 70.7, a two-year high, coupled with energy price fluctuations and the Federal Reserve's policy expectation of "keeping interest rates higher for longer," leading to increased market focus on a "stagflation" environment. On the industry level, Payward, the parent company of Kraken, has applied to the OCC for a national trust charter, highlighting the increasingly evident trend of industry compliance. In terms of investment and financing, 10 deals were completed last week totaling $34.2 million, primarily concentrated in the DeFi and infrastructure sectors. Among them, OpenTrade completed a $17 million funding round to accelerate the development of institutional-grade stablecoin yield infrastructure; OnRe secured a $5 million Series A round to advance its Solana-based tokenized reinsurance product offerings.
on-chain detective ZachXBT has exposed US threat actor Dritan Kapllani Jr., alleging his involvement in social engineering thefts targeting crypto users, totaling approximately $19 million.ZachXBT stated that Dritan has long been flaunting luxury cars,名牌 watches, private jets, and nightclub lifestyles on social media. On April 23, 2026, during a "Band 4 Band (B4B)" voice call on Discord, in an attempt to prove he was wealthier than another hacker, he publicly displayed an Exodus wallet containing $3.68 million in assets.The relevant ETH address is: 0x4487db847db2fc99372a985743a26f46e0b2bba6ZachXBT's tracking revealed that this address is linked to a social engineering theft incident on March 14, 2026, involving 185 BTC (approximately $13 million). The following day, Dritan's Exodus wallet received about $5.3 million from that theft. By the time of the B4B call six weeks later, approximately $1.6 million had already been spent or laundered.On May 11, the US Department of Justice unsealed a criminal indictment against Trenton Johnson, charging him with participation in the theft of 185 BTC. He faces a potential maximum sentence of 40 years in prison. The indictment refers to "Co-Conspirator 1 (CC-1)," believed to be Dritan, who has not yet been formally charged.ZachXBT also noted that Dritan is connected to hacker John Daghita (Lick), who was previously arrested for stealing $46 million from the US government. John had previously exposed Dritan's old wallet address on Telegram. On-chain analysis shows that this address is linked to multiple high-confidence social engineering thefts in 2025, with a cumulative total exceeding $5.85 million.ZachXBT stated that Dritan has long been active in the "The Com" hacker circle and had seemingly avoided formal prosecution due to being a minor. Now that he has turned 18, his "borrowed time may finally be over."
ahead of the release of the April US CPI data, the crypto market rally has temporarily stalled. Bitcoin has been oscillating within the $80,000 to $82,000 range recently, failing to break out effectively since last Wednesday. Market participants believe that while capital flows still point to the potential for a future breakout, inflation and macroeconomic risks are weighing on risk appetite.The United States will release the April Consumer Price Index (CPI) at 8:30 PM Beijing time tonight. According to FactSet data, the market expects April CPI to rise 3.7% year-over-year, up from 3.3% in March. If this forecast materializes, it would mark the largest increase since January 2024 and be significantly higher than the average of 2.7% over the past 12 months. Core CPI is expected to rise 2.7% year-over-year, up from the previous 2.6%.Analysts are concerned that against a backdrop of high oil prices and Trump's characterization of the US-Iran ceasefire as "extremely fragile," inflation data exceeding expectations could further trigger risk-off sentiment in the markets, dragging down risk asset performance.Lukman Otunuga, Head of Market Research at FXTM, stated that the market is entering a sensitive phase where geopolitical risks, inflation concerns, and central bank expectations are intertwined. High oil prices, uncertainties surrounding the Iran situation, and key US economic data could drive increased volatility in commodities, currencies, and global stock markets.Beyond macroeconomic factors, XRP and SOL are also approaching key supply zones again. XRP tested $1.50 today, but this level has repeatedly failed to be breached since February this year; SOL is once again nearing the resistance zone around $97.Meanwhile, institutional interest in related assets is heating up. The US spot XRP ETF recorded net inflows of $25.8 million on Monday, the highest since January 5th. Bitcoin and Solana ETFs also maintained net capital inflows, while the Ethereum ETF saw net outflows of $16.9 million. (CoinDesk)
Wintermute released its weekly market analysis, covering the week ending May 11. During this period, BTC broke above $80,000 for the first time since January, peaking near $83,000 and decisively crossing its 200-day moving average—a resistance level that had held for seven months. However, Wintermute noted that this rally was primarily leveraged-driven: open interest surged by $10 billion month-on-month to $58 billion, while spot trading volume hit a two-year low—classic hallmarks of a short squeeze rather than a healthy breakout. Funding rates remain skewed bearish, indicating further short-covering potential in the near term; yet covering shorts does not equate to genuine bullish consensus. Looking at medium- to long-term fundamentals, institutional buying logic remains intact: BTC ETFs posted $623 million in net inflows for the week; Morgan Stanley’s BTC ETF attracted $194 million in its first month with zero net outflows on any single day; and BTC reserves held on exchanges remain at a seven-year low. Nevertheless, Wintermute cautioned that the RSI has entered overbought territory, and if spot buying fails to materialize after the squeeze concludes, prices face significant risk of a rapid correction. On the macro front, the Nasdaq rose 4.5% and the S&P 500 gained 2.3% for the week—both hitting all-time highs. Nonfarm payrolls significantly exceeded expectations (115,000 vs. forecast 65,000). U.S.-Iran negotiations collapsed, with Iran demanding sovereignty recognition and reparations—terms rejected by Trump. Oil prices swung violently between $88 and $113 per barrel during the week, yet equity markets reacted indifferently. Key events to watch this week:
According to Odaily, the latest 13F filing from Wells Fargo reveals that in the first quarter of 2026, the bank increased its holdings in multiple Ethereum spot ETFs, including BlackRock's ETHA and Bitwise's ETHW.Specifically, the ETHA position rose from approximately 672,600 shares in Q4 2025 to around 1.1 million shares, an increase of about 63.5%; while the ETHW position increased from roughly 186,800 shares to 257,000 shares, a gain of approximately 37%. As of the end of Q1, the total value of Wells Fargo's ETH ETF holdings stood at about $21.5 million.In contrast, its Bitcoin ETF holdings showed a divergence: the IBIT position declined slightly, while positions in BITB and the Grayscale Bitcoin Mini Trust ETF increased by approximately 24% and 41%, respectively. Currently, IBIT remains its largest crypto ETF holding, valued at around $250 million.Additionally, Wells Fargo made significant adjustments to its crypto-related stock portfolio, reducing its Galaxy Digital position by approximately 97%, while increasing its Strategy (formerly MicroStrategy) holdings from about 322,700 shares to 726,000 shares—a surge of roughly 125%. (Cointelegraph)
Wintermute’s weekly market report indicates Bitcoin recently broke through $80,000 and briefly touched around $83,000, while also reclaiming the 200-day moving average for the first time in seven months. However, this rally is clearly more driven by leveraged capital rather than spot buying.The report notes that over the past month, Bitcoin open interest increased by approximately $10 billion, while spot trading volume dropped to a two-year low, a classic short squeeze scenario. Although ETFs still recorded net inflows of $623 million and BTC reserves on exchanges fell to a seven-year low, the current RSI has entered overbought territory. If spot buying fails to sustain after the short squeeze ends, BTC prices could face a rapid correction risk.Wintermute also stated that the current crypto market rally is more driven by the strength of US equities and the resonance of leverage, rather than an independent bull market narrative. Upcoming US CPI data and changes in Federal Reserve policy expectations will be key factors in determining whether BTC can stably hold above $80,000.
According to CoinDesk, the ETH/BTC ratio fell to 0.02835 on Tuesday—the lowest level since July 2025—and declined more than 35% from its August 2025 high of 0.04324. On the same day, Ethereum dropped over 2%, while Bitcoin fell approximately 1%. The ratio currently stands well below its 200-week moving average (0.04828), indicating a sustained long-term underperformance of Ethereum relative to Bitcoin on the technical chart. Analysis suggests that the continued inflow of institutional capital following the U.S. approval of spot Bitcoin ETFs in early 2024 has been the key driver behind Bitcoin’s outperformance over Ethereum.
According to on-chain analytics platform Lookonchain (@lookonchain), a whale transferred 489 BTC—worth approximately $39.59 million—to Binance one hour ago. Data shows that this address purchased the aforementioned BTC at an average price of ~$90,144 four months ago; if sold at the current price, it would incur an estimated loss of ~$4.45 million.
According to Lookonchain monitoring, a whale transferred 489 BTC, worth approximately $39.59 million, to Binance 1 hour ago.Data shows that the address purchased these BTC at an average price of approximately $90,144 4 months ago. If sold at the current price, the estimated loss would be about $4.45 million.
According to an analysis released by CryptoQuant-certified analyst MorenoDV_, the Bitcoin Bull-Bear Market Cycle Indicator has just generated its first “Early Bull Market” signal since March 2023. Historically, when this indicator transitions from the bear market zone into the early bull market zone, it typically signals that the worst phase of correction is over and that market structure is beginning to recover—similar signals appeared after deep bear markets in early 2019 and early 2023, both of which preceded stronger upward trends. However, this signal should not be interpreted uncritically. In March 2022, the indicator also entered the early bull market zone, yet price subsequently faced rejection—indicating a local top rather than the start of a new bull market. Analysts note that Bitcoin is no longer behaving like a deep bear-market asset, and the rebound in its 30-day moving average suggests improving underlying momentum. At the same time, however, multiple other market indicators are already showing signs of weakness, making this signal less clear-cut than classic early-cycle confirmations. The analyst leans toward interpreting this signal as more likely indicating a local top—unless strong price follow-through confirms the bullish thesis—rather than the onset of a new bull market.
Grayscale submitted the first application for a Zcash spot ETF on May 8.ZEC’s price once touched $600, pushing its market cap into the top 15 and surpassing Cardano. Multicoin Capital co-founder Tushar Jain noted that this move is driven by growing demand for privacy assets amid U.S. wealth tax legislative proposals. The SEC concluded its review of Zcash in January 2026 without taking enforcement action. Data shows that approximately 30% of ZEC’s supply is held in shielded addresses. Last week, U.S. Bitcoin spot ETFs saw $268 million in outflows, with some capital rotating into privacy and AI infrastructure tokens.
Trader Eugene posted on his personal channel that, among major assets, SOL has demonstrated stronger relative strength compared to ETH and HYPE, positioning it as the first major cryptocurrency likely to break out of its three-month consolidation range. If SOL successfully breaks above the $96 resistance level, its next target would be the $120 zone—representing approximately 25% upside from current prices. Provided BTC holds its $80,000 support level, the trader stated he is willing to enter positions early to bet on SOL’s breakout.
according to Lookonchain monitoring, as updated on May 11, the Bitcoin ETF had a single-day net outflow of 3,685 BTC, valued at $298.89 million, and a 7-day net inflow of 7,287 BTC, valued at $591.04 million; the Ethereum ETF had a single-day net outflow of 6,492 ETH, valued at $15.1 million, and a 7-day net inflow of 24,921 ETH, valued at $57.97 million; the Solana ETF had a single-day net inflow of 70,721 SOL, valued at $6.76 million, and a 7-day net inflow of 451,400 SOL, valued at $43.15 million.
according to on-chain analyst Yu Jin's monitoring, Bitcoin treasury company Strategy (MSTR) purchased 535 BTC ($43 million) at a price of approximately $80,340 last week. They currently hold a total of 818,869 BTC ($66.398 billion) at an average cost of $75,540, with a floating profit of $4.54 billion (+7.3%).Ethereum treasury company Bitmine (BMNR) purchased 26,659 ETH ($62.14 million) at a price of approximately $2,331 last week. They currently hold a total of 5,206,790 ETH ($12.132 billion) at an average cost of $3,539, with a floating loss of $6.297 billion (-34.1%). Additionally, 90% of their ETH (4.713 million coins) has been deposited into Ethereum staking to earn interest.
Odaily News, Bloomberg Senior ETF Analyst Eric Balchunas stated on the X platform that the pure memory chip exchange-traded fund DRAM (Roundhill Memory ETF, launched by Roundhill) has seen its assets under management (AUM) surpass $6.5 billion just 36 days after its launch, setting a new all-time record for ETFs and exceeding the previous record of 43 days held by BlackRock's spot Bitcoin ETF, IBIT.Eric Balchunas noted that DRAM surged 13% in a single day last Friday while attracting approximately $1 billion in inflows, a key driver behind its rapid asset expansion. He described this performance as "stunning" and stated that regardless of future trends, it is one of the most "perfectly timed" ETF launches on record.