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[The Hacker of the US SEC Sentenced to 14 Months in Prison for Spreading False Information about Bitcoin ETF] A federal judge sentenced Eric Council Jr. to 14 months in prison for his involvement in posting false announcements about the approval of a Spot Bitcoin ETF on the SEC's X account.
After a hearing held on May 16 by the federal court in Washington D.C., the Department of Justice announced that Council pleaded guilty to charges of "conspiracy to commit aggravated identity theft and access device fraud" and will be sentenced to 14 months in prison.
"Such behavior threatens the health and integrity of our market system," said Jeanine, the acting U.S. Attorney for the District of Columbia.

[The Trump family's crypto project WLFI has purchased 12 tokens so far, with a total value of $291 million] According to on-chain analyst Ember monitoring, the Trump family-backed DeFi project WLFI has spent a total of 347 million USDT to buy 12 tokens so far: ETH/WBTC/TRX/LINK/AAVE/ENA/MOVE/ONDO/SEI/AVAX/MNT/EOS. The total value of these tokens is currently $291 million, with an overall floating loss of $53.07 million (-15% ).

World Liberty Financial rebuts the senator's investigation into its USD1 stablecoin and its connection to Trump, emphasizing that the stablecoin is backed by U.S. Treasury bonds and aims to enhance the dollar's position. The company denies any association with the company behind Trump and accuses the investigation of flaws. The company is committed to strengthening the role of the dollar and supporting financial inclusion, stating that it will not be influenced by political motives.

[The Federal Reserve (FED) Bostic: Expects to cut interest rates once this year] The Federal Reserve (FED) Bostic: Due to uncertainty, expects to cut interest rates once this year.

On May 17, Musk changed the X avatar to a "Kekius Maximus" themed MEME image, previously it was a "gork" themed Meme image.

A wallet linked to the Compound team recently deposited 250,100 COMP worth $11.2 million on CEX Prime. Prior to that, the wallet redeemed 398,100 COMP worth about $17.7 million from Compound V3, the first COMP change in nine months. Currently, the wallet also holds 148,032 COMP, worth $6.58 million.

[Today, the net inflow of Bitcoin ETF in the United States is 1894 BTC, and the net outflow of Ethereum ETF is 9246 ETH] According to Lookonchain monitoring, today 10 US Bitcoin ETFs had a net inflow of 1894 BTC, among which BlackRock inflowed 3977 BTC, and currently, BlackRock holds 631,962 BTC, worth 65.51 billion dollars; 9 Ethereum ETFs had a net outflow of 9246 ETH, among which Fidelity outflowed 12488 ETH, and currently, Fidelity holds 390,676 ETH, worth 1.01 billion dollars.

On May 16, Bo Hines, Executive Director of the U.S. Presidential Advisory Committee on Digital Assets, stated on social media, "The core of the GENIUS Act is to secure the future of American finance. Stablecoins help solidify the dominance of the dollar, modernize our outdated payment systems, and provide the American public with a faster, lower-cost, and more transparent way to transfer funds. Digital asset technology represents the next generation of the financial system. The U.S. is ready to lead this transformation."

[Trump: Currently considering increasing investment to about $13 trillion] Trump: We have $10 trillion in investments and are currently considering increasing it to about $13 trillion.

[Abraxas Capital has withdrawn 278,639 ETH since May 7, with an unrealized profit of $77 million] According to Lookonchain monitoring, since May 7, Abraxas Capital has withdrawn 278,639 ETH from various exchanges at an average price of $2,350 (worth $655 million), with an unrealized profit of $77 million.

Fifth Third Bank has been in partnership with a Crypto Assets company for over five years and is considering expanding its encryption business, mainly to handle operational matters such as wage distribution and income reception. The bank originated from the Ohio Valley Bank in 1858 and later merged with the Third National Bank to become Fifth Third Bank.

Yesterday, a Whale bought NXPC at $1.25 and ultimately made a profit of $1.6 million. The Whale had unrealized gains of $2.9 million when the price rose to $3.8 but did not sell. Later, it transferred 1.136 million NXPC at a price of $2.66 to a CEX, ultimately gaining $1.6 million.

[The total number of Bitcoins held by BlackRock and Strategy is nearly 1.2 million] According to holdings data, the total number of Bitcoins held by BlackRock and Strategy (formerly MicroStrategy) is close to 1.2 million, with Strategy holding approximately 568,840 Bitcoins and BlackRock IBIT holding approximately 627,985 Bitcoins.

On May 16, according to Globe Newswire, the publicly traded company Basel Medical Group Ltd announced today that it has initiated exclusive negotiations for a Bitcoin (BTC) acquisition plan totaling $1 billion. This plan will significantly diversify the company's financial reserves while continuing to focus on expansion in the medical services sector.

[Data: Bitcoin whales sold over 30,000 BTC in the past 72 hours] According to on-chain analyst @ali_charts, Bitcoin whales have sold over 30,000 BTC in the past 72 hours.

[The Trump family's crypto project WLFI has purchased 12 tokens so far, with a total value of $291 million] According to on-chain analyst Ember monitoring, the Trump family-backed DeFi project WLFI has spent a total of 347 million USDT to buy 12 tokens so far: ETH/WBTC/TRX/LINK/AAVE/ENA/MOVE/ONDO/SEI/AVAX/MNT/EOS. The total value of these tokens is currently $291 million, with an overall floating loss of $53.07 million (-15% ).

[Wintermute Address received 10 million MIRAI, possibly a market maker] According to Lookonchain monitoring, the Wintermute address has received 10 million MIRAI (worth $105,000), possibly as a market maker for MIRAI.

On May 16, Cointelegraph reported that Galaxy Digital is in discussions with the U.S. Securities and Exchange Commission (SEC) about stock tokenization, aiming to bring stock assets onto the blockchain.

[Spot gold accelerated its decline, falling over 2% during the day] Spot gold accelerated its decline, with short-term losses widening to nearly $30, falling below $3170/oz, down 2.18% for the day.

On May 16, according to the official announcement, CEX Wallet announced the launch of the SUI ecological trading competition on CEX Alpha. During the event trading volume period, trade SUI eco-tokens in CEX Wallet (no private key) or through CEX Alpha to share $1.7 million and other valuable rewards. Event Period: 00:00 on May 17, 2025 to 00:00 on May 31, 2025 (East 8th District Time). Active trading volume period: 00:00 on May 13, 2025 to 00:00 on May 31, 2025 (East 8th District Time).