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Ethereum traded at $3,740 as of 4:00 p.m. ET (20:00 UTC) on May 24, a 1.76% increase in the past day. The trend suggests that spot Ethereum ETF optimism is continuing to buoy ether, which defied the broader crypto market downturn yesterday.
Jian Wen was sentenced to six years and eight months in jail for laundering 150 BTC tied to a $5.6 billion investment fraud.
Kabosu, the face of dogecoin, passed away earlier this morning at an estimated age of 18, its owner said.About $2.8 billion worth of doge has been traded over the past 24 hours.
Trading of spot ETH ETFs is expected to begin well before November, according to JPMorgan analysts.The analysts also shared their view on the crypto FIT 21 bill, saying its chances of passing the Senate are lower.
Bitcoin’s price briefly surpassed the $70,000 threshold; however, it quickly fell by 3.5% to around $67,000.The past day’s price fluctuations resulted in a spike in long crypto positions getting liquidated on centralized exchanges.Ether reached a new monthly peak of $3,937 before retracing to $3,710 at the time of writing.
- 19:03In the past 24 hours, contracts across the entire network have liquidated $479 million, mainly in long positionsCoinglass data shows that in the past 24 hours, the total liquidation of contracts across the entire cryptocurrency market was $479 million USD, with long positions accounting for $332 million USD and short positions accounting for $148 million USD. The total amount of BTC liquidated was $70.3878 million USD, while ETH liquidations totaled $73.4036 million USD.
- 19:02Vitalik: Currently, a major transformation is being carried out on the leadership structure of the Ethereum FoundationEthereum co-founder Vitalik Buterin has stated that a major overhaul of the leadership structure of the Ethereum Foundation is currently underway, and this change has been ongoing for nearly a year. Some of these changes have already been implemented and announced, while some are still in progress. The main goals to be achieved are: - Enhancing the technical expertise level of the Ethereum Foundation's leadership;- Improving two-way communication and connections between the Ethereum Foundation's leadership and both new and old participants in its ecosystem. The responsibilities of the Ethereum Foundation include supporting: users (individuals and institutions), application developers, wallets, L2;- Introducing fresh talent to increase execution ability and speed;- More actively supporting application developers to ensure important values and inalienable rights (especially privacy, open source, resistance to censorship) are realistic for all users including those at the application layer;- Continuing to increase use of decentralized technology, privacy technology as well as usage on Ethereum chain including payments and fund management. Things that will be avoided in future include: - Implementing any kind of ideological/atmospheric shift;- Beginning active lobbying with regulatory bodies or powerful political figures (especially in America but actually anywhere especially big countries), risking damaging Ethereum’s status as a globally neutral platform; -Becoming an arena for vested interests; -Becoming highly centralized organization or even becoming "the protagonist" within Ethereum.
- 19:00Data: After profiting from TRUMP, a certain whale has once again changed positions to swarmsAccording to on-chain analyst @ai_9684xtpa, 7 hours ago, the address "8HKXH...W4nwA" sold 2.82 million SWARMS at an average price of $0.1217 (approximately $344,000) and used the obtained SOL to buy TRUMP. Two hours ago, this address cleared its inventory for a profit of nearly $172,000. Through a new address, it spent $485,000 in principal profits to buy back swarms at an average price of $0.1215 per coin. Compared with before, the account has increased its holdings by 1.35 million swarms.