Today
2025/05/20

FTX repayments will begin on May 30, with creditors receiving an initial compensation of 72.5% for amounts exceeding $50,000.

BlockBeats news, on May 21, FTX creditor representative Sunil stated that the repayment distribution date for FTX is May 30, and Step 9 has been updated to "allow claims": · Users with amounts exceeding $50,000 will receive 72.5% of the compensation; · The remaining compensation (up to 100%) and Interest will be distributed in subsequent distributions.
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The Sudan Armed Forces announced complete control of Khartoum State.

Jin10 data reported on May 21 that on May 20 local time, Sudanese Armed Forces spokesman Nabil Abdullah issued a statement saying that the Sudanese Armed Forces have completely taken control of Khartoum State, where the capital Khartoum is located. The statement indicated that the Sudanese Armed Forces have removed all armed elements of the Rapid Support Forces from Khartoum State, and this area has "completely freed itself from the control of the Rapid Support Forces."
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Santiment: Bitcoin Spot ETF has seen a net inflow of over $6.6 billion in the past 5 weeks, which is typically a bullish signal.

According to BlockBeats news on May 21, Santiment stated on social media that Bitcoin Spot ETF is experiencing a large influx of funds, a trend that began in mid-April. In the past 5 weeks, the net inflow of Bitcoin ETF has reached 6.63 billion USD. Historical data shows that this is usually a strong bullish signal for the future rise of Bitcoin prices.
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Key economic data and events to focus on today: May 21, 2025, Wednesday

The article summarizes: The schedule of important economic events in the United States and the United Kingdom. This includes speeches by Federal Reserve officials, trading conditions in the energy market, and the release of crude oil inventory data. The CPI and retail price index data from the UK are also included.
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Musk: In the future, political donations will be "significantly reduced".

Elon Musk stated that he will reduce political campaign spending in the future, as he believes he has already done enough, but he will still participate if necessary. He felt disappointed after collaborating with the "Government Efficiency Department," as the initial goal of saving $2 trillion was lowered to $150 billion. Previously, he spent $250 million supporting Trump, and this year the candidates he supported lost.
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K33: The encryption policy remains a key catalyst, and market participants need to follow the potential developments of strategic BTC reserves.

Odaily News Although several deadlines for executive orders have passed without public announcement, analysts believe that Trump's upcoming Memecoin gala and Vance's Bitcoin 2025 keynote speech may provide new information. Analysts at K33 stated that the development of encryption policy remains a key catalyst, urging participants to follow potential developments in strategic Bitcoin reserves in the coming days. However, analysts warn that recent executive orders could have a profound impact on the digital asset market. The Trump administration has signed multiple executive orders, including the establishment of a strategic Bit reserve and a U.S. digital asset reserve, aimed at making the U.S. a global encryption currency hub. (The Block)
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The Sei Development Foundation has appointed Securitize co-founder Jamie Finn as a strategic advisor.

The Sei Foundation has appointed Jamie Finn, co-founder of Securitize, as a strategic advisor to assist in building compliance-ready RWA infrastructure. Finn has extensive experience in the security token space and will support Sei in bringing traditional financial assets on-chain.
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Zelensky: Norway will provide nearly $8 billion in aid, part of which will be used for drone production in Ukraine.

Jin10 reported on May 20 that Ukrainian President Zelensky stated on social media that he held a phone conversation with Norwegian Prime Minister Jonas Gahr Støre, and both sides reached multiple consensuses on deepening bilateral cooperation. Zelensky noted that the Norwegian government has committed to providing nearly $8 billion in financial aid to Ukraine, some of which may be prioritized for expanding local drone production in Ukraine, and he thanked Norway for supporting this proposal.
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The "Alpenglow" upgrade of Solana aims to increase network speed by 100 times.

The core team of Solana, Anza, proposed a protocol upgrade called "Alpenglow," aimed at reducing block confirmation time to 0.1 seconds and increasing network speed by 100 times. The plan is to implement this through community governance voting between the end of 2025 and early 2026. After the upgrade, the Solana network will have real-time responsiveness, supporting new application scenarios such as instant payments and gaming. The team is optimistic about this.
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Solana co-founder Raj warned that recent social accounts have been attacked by hackers.

Odaily News Solana co-founder Raj Gokal today posted on the X platform, stating that over the past week, attackers have been continuously trying to take control of their email, social media, Google, and Apple accounts. He reminded users that if they notice any unusual content in their accounts (such as issue coin, fundraising, etc.), it is highly likely due to a hacker intrusion, and urged users to remain vigilant.
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SG Forge, a subsidiary of Société Générale, plans to issue a US dollar stablecoin on Ethereum.

According to Gate News bot, as reported by Cryptobriefing, SG Forge, a crypto subsidiary of Société Générale, is preparing to issue a US dollar stablecoin on the Ethereum network, specifically serving institutional clients. This marks the world's first US dollar stablecoin issued by a major bank on a public blockchain. It is worth noting that SG Forge has successfully launched the euro stablecoin EURCV and has obtained an EU electronic money license. The company plans to expand its new stablecoin business to other blockchain networks such as Solana in the future. Source: Cryptobriefing
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US media: Trump is frustrated with the situation in Gaza and hopes Netanyahu can "end it."

U.S. President Trump expressed frustration and hopes that Israeli Prime Minister Netanyahu will end the Gaza conflict to resolve the situation, bring hostages home, allow aid in, and rebuild Gaza. U.S. and Israeli officials denied that Trump has "given up" on Israel, but acknowledged the policy differences between the two sides.
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Bloomberg: Prediction market Kalshi partners with xAI and hires Donald Trump Jr. as strategic advisor

Odaily News prediction market Kalshi has hired Donald Trump Jr. as its strategic advisor. The company is collaborating with Elon Musk's artificial intelligence company xAI to provide customized information to guide website users' betting. In this partnership, Kalshi will leverage xAI to integrate historical trend news, providing information support to traders to assist their judgment on events such as Federal Reserve interest rate adjustments or election outcomes. (Bloomberg)
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Succinct launches the zero-knowledge Virtual Machine SP1 Hypercube

BlockBeats news, on May 20, reported by The Block, that the Paradigm-backed startup Succinct has launched the next-generation zk-SNARKs Virtual Machine SP1 Hypercube. The company stated that SP1 Hypercube can generate zk-SNARKs for Ethereum Blocks in 12 seconds.
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Argentine President Milei dissolves the LIBRA Crypto Assets investigation team.

According to Gate News bot, El Economista reports that Argentine President Milei has dissolved the "Investigative Task Force" (UTI) responsible for investigating the losses related to LIBRA crypto assets investment by decree. The government stated that the group has completed the information gathering work, and all materials have been handed over to the national prosecutorial agency. The prosecutorial agency is conducting a criminal investigation into economic crimes and potential conflicts of interest. The opposition in the Argentine parliament is planning to re-establish an independent investigative committee and is preparing to summon relevant officials to testify. At the same time, judges have implemented asset freezes on some individuals involved in the case and have begun reviewing the assets of Milei and his relatives.
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ZKsync: The latest upgrade proposal focuses on optimizing the elliptic curve pre-compilation, and the cost of ZK proof verification will drop by over 90%.

ZKsync announced that the latest upgrade will significantly optimize Gas fees, particularly by optimizing the elliptic curve precompilation and adding the ModExp precompilation feature, which will drop the cost of verifying typical zkSNARK proofs by 94%. Elliptic curve operations will be implemented in the circuit, with costs reduced by over 90%, while the addition of the ModExp feature is crucial for cryptographic applications such as RSA and ZK proof verification. Developers do not need to take any additional action, as the upgrade has been completed on the Testnet.
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JPMorgan CEO Dimon: The likelihood of an economic recession is 50%

Golden Finance reports that JPMorgan CEO Jamie Dimon: the likelihood of an economic recession is 50%.
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JOBCOIN and 51 other digital assets will be delisting on May 21, 2025 at Gate.

Gate News bot message, according to the official announcement from Gate on May 20, 2025: Gate will delist multiple tokens from the innovation zone on May 21, 2025, at 21:00 ( UTC+8. The tokens involved include JOBCOIN, FIGHT, BNBXBT, SIMMI, DOGEAI, RETARDIO, KM, LOCKIN, X, FURM, and a total of 54 tokens. These tokens are distributed across multiple public chains, mainly including SOL, BSC, BASEEVM, and ETH. Gate recommends users to withdraw their assets if they hold related assets before delisting.
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"The Federal Reserve (FED) mouthpiece" Nick Timiraos: expects April core PCE to pump by about 0.13%

On May 20, Wall Street Journal reporter Nick Timiraos stated that the decline in the Producer Price Index (PPI) will lead to a moderate Core PCE inflation reading. The Core PCE is expected to rise by about 0.13% in April, but March data may be revised upward, resulting in a year-on-year growth rate of approximately 2.6% for the Core PCE.
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Kalshi teams up with xAI to create a prediction market platform

Kalshi Inc. has appointed Donald Trump Jr. as a strategic advisor and is collaborating with xAI, a company under Musk. Users can place bets on event outcomes on the Kalshi platform by purchasing derivation contracts. xAI will integrate historical trend news to provide information support for traders to assist in judging The Federal Reserve (FED) interest rate adjustments or election outcomes. The CEO of Kalshi believes there is a deep alignment between prediction markets and artificial intelligence, reflecting known information and expanding the boundaries of knowledge. (Source: Bloomberg)
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Whale James Wynn has stopped reducing positions and started increasing the position on BTC long order, with current holdings valued at 279 million USD in BTC long order.

On-chain analyst Yu Jin has detected that investor James Wynn has increased his position again when the BTC price pulled back above his long position entry price, reducing his long position from 570 million dollars to 190 million dollars, realizing a profit of 6.2 million dollars. He currently holds 2,675 BTC longs with a 40x leverage, worth 279 million dollars, with an entry cost of 103,629 dollars and a liquidation price of 87,765 dollars.
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James Wynn has restarted increasing the position, currently holding 2675 BTC long positions with 40x leverage.

PANews, May 20 - According to on-chain analyst Yu Jin's monitoring, as the BTC price pulled back to the entry price of Whale James Wynn's BTC Long Position, he has started to increase the position again. Today, he has reduced his BTC Long Position from $570 million to $190 million, realizing a profit of $6.2 million. Currently, he holds a long position of 2,675 BTC with 40x leverage, valued at approximately $279 million, with an entry cost of $103,629 and a liquidation price of $87,765.
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The Israeli military claims to have killed a commander at a Hezbollah base in southern Lebanon.

Jin10 data reported on May 20th, the Israel Defense Forces announced that earlier in the afternoon on the 20th, they killed a commander at the Hezbollah Mansouri base in southern Lebanon. The Israeli military stated that this member had planned multiple attacks against Israel, participated in the reconstruction of the Mansouri base, and facilitated the transfer of weapons. As of now, there has been no response from Hezbollah.
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Canaan Technologies' total revenue in the first quarter of 2025 increased by approximately 136% year-on-year, reaching 82.78 million USD.

Odaily News Canaan Creative has released its unaudited financial report for the first quarter, with total revenue reaching $82.78 million, exceeding the previous financial forecast of $75 million, representing a rise of 135.9% compared to the same period last year. As of March 31, 2025, the company holds a total of 1,468.1 Bitcoins, with the fair value of its Crypto Assets and cryptocurrency receivables amounting to $125.9 million. For the second quarter of 2025, the company currently expects total revenue to be around $100 million.
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LaserCat NFT announces that it will officially unveil its artwork on May 20.

Odaily News LaserCat NFT announced that it will officially launch the first batch of 520 NFTs on May 20, 2025.
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Analysis: The Pectra upgrade of Ethereum has not yet attracted new users or returning users, but the user churn rate has decreased.

The Pectra upgrade of Ethereum has not increased new or returning users but has dropped the churn rate. The number of new addresses and active addresses has slightly decreased, but the user churn rate has significantly reduced. This may be the effect of the network upgrade or a broader cyclical trend, and further observation is needed.
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Greeks.live: The overall market sentiment is bullish, and volatility may soon rise.

According to BlockBeats news on May 20, Greeks.live analyst Adam posted on social media stating, "The overall market sentiment is bullish, and Ethereum is performing strongly. The market is mainly focused on the DVOL MACD golden cross pattern signal, believing that volatility may soon rise, while also observing the rebound situation after Ethereum's second bottom test."
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The UK will immediately suspend negotiations on the free trade agreement with Israel.

Jin10 data reported on May 20, the British government stated on Tuesday that British Foreign Secretary Raab will announce a suspension of negotiations for the free trade agreement with Israel, adding that the UK has also summoned the Israeli ambassador regarding Israel's expanded military actions in Gaza. British Foreign Secretary Raab stated that Israel's actions are intolerable and urged Israeli Prime Minister Netanyahu to immediately end the blockade on humanitarian aid to Gaza.
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Musk: Advancing the lawsuit against OpenAI

Golden Finance reports that Musk is advancing the lawsuit against OpenAI.
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Glassnode: Ethereum Pectra upgrade has not yet driven an increase in network participation

Odaily News Glassnode stated on the X platform that the Ethereum Pectra upgrade has not yet driven an increase in network participation. Since the upgrade, the average number of new and recovered addresses has decreased compared to the beginning of the year (down 1.8% and 8.4% respectively), but the attrition rate has also significantly decreased (down 8.5%).
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Bloomberg analyst: The 30-year U.S. Treasury yield has surpassed 5%, which may signal that high-speculation Crypto Assets will encounter resistance.

Golden Finance reports that Bloomberg senior analyst Mike McGlone stated on social media that the 30-year U.S. Treasury yield exceeding 5% may indicate that investors are selling U.S. assets. This trend could create resistance for stocks and highly speculative Crypto Assets, while being favourable for gold.
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Musk: Will still serve as TSL CEO in five years.

BlockBeats news, on May 20, Musk stated, "I will still be the CEO of TSL in five years, unless I die."
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Arkham: The German government missed out on $2.3 billion in profits by dumping Bitcoin at an average price of $57,000 last year.

PANews reported on May 20 that, according to Cointelegraph, blockchain intelligence company Arkham said that the German government missed out on more than $2 billion in profits after selling bitcoin in 2024. Previously, a wallet labeled "German Government (BKA)" sold 49,858 BTC in multiple transactions in June and July 2024 at an average price of $57,900, with a total value of more than $2.89 billion. According to Arkham, the move cost the German government more than $2.35 billion, and if held to date, the bitcoins would be worth $5.24 billion, as bitcoin has risen by more than 80% since it was sold. Miguel Morel, founder of Arkham, said that the sale model was rushed, did not optimize market impact and profitability, and was actually sold at market prices on five different exchanges, seemingly to obtain more liquidity.
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Musk: Plans to have dinner with US President Trump in Washington this week.

Jin10 reported that Musk stated he plans to have dinner with U.S. President Trump this week in Washington.
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U.S. President Trump: I am a fiscal hawk.

Golden Finance reports, U.S. President Trump: I am a fiscal hawk.
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The German government is set to sell nearly 50,000 Bitcoins in 2024, missing out on a potential profit of $2.3 billion.

The German government cashed out $2.89 billion by selling Bitcoin seized from piracy websites between June and July 2024, at an average price of about $57,900. However, by May 2025, the price of Bitcoin rose to $104,700, and if held until now, it could have reached a market capitalization of $5.24 billion, missing out on a potential profit of $2.35 billion. The founder of Arkham pointed out that the government's eagerness to obtain liquidity could lead to a loss in market capitalization.
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AVAX breaks through 22 dollars

Golden Finance reports that the market shows AVAX has broken through $22, currently priced at $22.01, with a 24-hour rise of 2.18%. The market fluctuation is significant, please ensure proper risk control.
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Gate launches SOON (SOON) HODLer Airdrop, pre-deposit sharing $30,000 SOON rewards

Gate announced the launch of the SOON (SOON) HODLer Airdrop event on May 20, allowing participation with just 1 GT, with a personal participation limit of 5000 GT. Additionally, they have a limited-time pre-deposit benefit, where pre-depositing over $10 in SOON will enjoy zero Gas fees, and have the chance to receive additional SOON rewards worth $5 to $50, with a total airdrop amount of up to $30,000 SOON.
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The Bitcoin liquid staking protocol Rover has completed a $4.1 million seed round financing.

According to a report from Golden Finance and The Block, the Bitcoin liquid staking protocol Rover announced the completion of a $4.1 million seed round financing. The round's investors include institutions such as CMS, Animoca Ventures, and Bloccelerate. It is reported that Rover plans to use these funds to develop liquid staking solutions on the blockchain network Botanix.
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Microsoft adds real-time Blockchain data to Fabric through Space and Time integration.

Microsoft collaborates with the decentralized data platform Space and Time to bring multichain blockchain data into Microsoft Fabric, including Ethereum, Polygon, BNB Chain, Sui, and Avalanche, allowing developers to access this data through Fabric's Real-Time Intelligence module. (Source: The Block)
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Rover completed a $4.1 million seed round financing, with participation from Animoca Ventures and others.

The Bitcoin liquid staking protocol Rover has completed a $4.1 million seed round financing, with investments from Bloccelerate, Animoca Ventures, CMS Holdings, UTXO, Maelstrom, and others. Rover is developing liquid staking solutions on the decentralized platform Botanix, while also receiving a strategic investment from UTXO.
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*ST Yushun: Trading suspension for abnormal stock price Fluctuation review

Jin10 data reported on May 20, ST Yushun announced that the company's stock rose by 204.18% from March 31, 2025, to May 20. To protect the interests of investors, the company has applied for a suspension of trading for inspection starting from May 21, expecting the suspension to last no more than 3 trading days.
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KULR increased its holdings by 83.3 Bitcoins, with an average purchase price of $103,000.

According to Gate News bot, as reported by Wu Shuo, Michael Mo, the CEO of KULR, a company listed on the New York Stock Exchange, announced via social media that the company has spent $9 million to increase its holdings by 83.3 Bitcoins, with an average purchase price of $103,234. Data shows that the company's Bitcoin investment has achieved a return rate of 220% this year. As of May 20, 2025, KULR holds a total of 800 Bitcoins.
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K33 Research: Bitcoin breaks through $100,000 but trading volume is sluggish, demand for institutional long positions is rising.

BlockBeats news, on May 20, K33 Research stated that although the price of Bitcoin has surpassed $100,000, its Fluctuation and volume remain relatively low. Meanwhile, the yields on the Chicago Mercantile Exchange (CME) continue to rise, and the open interest (OI) has increased significantly, indicating that the institutional market's demand for long positions is rising.
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BRIGHTONE's self-issued MEME coin WOOHOO will go live tonight at 9:09 PM, with governance and profit rights.

BRIGHTONE's self-issued MEME coin WOOHOO, as the core commemorative coin of the annual "520 All-Chain Carnival", allows holders to participate in governance, content co-creation, and incentive distribution. WOOHOO will serve as the underlying token for the festival points mechanism, linking multiple on-chain activities, including airdrop lotteries, NFT collaborations, and project co-branding tasks.
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The search popularity of "Agentic AI" and "AI Agents" on Google Trends has peaked.

Odaily News Google Trends data shows that the search popularity for "Agentic AI" and "AI Agents" has peaked at 99 and 100, respectively.
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The publicly listed company KULR invested 9 million USD to increase its holdings in Bitcoin, with open interest rising to 800.3 BTC.

KULR Technology Group announced that its Bitcoin open interest has reached 800.3 coins, with a total value of 78 million USD. Since launching its Bitcoin fiscal strategy in 2024, 90% of surplus cash has been allocated to Bitcoin. The company uses BTC yield as a key performance indicator, which has reached 220.2% from 2025 to date, aiming to create long-term value.
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Kaito Founder: The number of wallets staking over 5000 sKAITO has reached 355.

Odaily News Kaito founder Yu Hu posted on X platform stating that the number of wallets staking over 5000 sKAITO has reached 355, which is a rise of 36% compared to last week.
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