report: report: Movement Labs close to finalizing $100 million Series B funding round

After the largest long position of Hyperliquid's ETH saw a profit return of $10 million, they added 9000 ETH positions, increasing their total position to 108000 ETH (approximately $245 million), with an average opening price of $2271. (Ashes)

Cryptocurrency journalist Eleanor Terrett reports that the deadline for members of the US Banking Commission to submit amendments to the CLARITY Act is 5:00 PM Eastern Time (UTC+8, May 14th at 5:00 AM). The current number of submissions is unknown, and 137 amendments were received during the planning review in January. According to insiders, the American Bankers Association has sent over 8000 letters to the Senate urging the improvement of the provisions of the stablecoin yield compromise bill.

According to Lookonchain monitoring, the giant whale associated with Erik Voorhees spent 1.12 million USDC to buy 494 ETH 9 hours ago, and currently holds 127716 ETH (approximately $292 million) in total.

According to Bits.media, the Presnensky District Court in Moscow has sentenced Vladimir Smerkis, former head of Binance Russia and co-founder of the Blum cryptocurrency platform, to five years in prison. The court found him guilty of massive fraud involving an amount exceeding 8.8 million rubles. The prosecution alleges that in June 2024, trader and crypto blogger Oleg Polunin requested Smerkis to drive traffic to his social media, but Smerkis failed to fulfill his promise after charging fees and diverted the funds for personal use. The judgment has not yet taken effect and can be appealed.

Aave announced on the X platform that the first phase of the rsETH technology recovery plan has been completed, including the destruction of rsETH held by attackers on Arbitrarum. In the coming days, we will gradually supplement the LayerZero OFT adapter and reopen rsETH related operations. Kelp stated that it will gradually replenish 117132 rsETH from Aave Recovery Guardian and Kelp Recovery Safe to the LayerZero OFT adapter on the main network in the next two weeks. It is expected that the withdrawal function will resume within 24 hours after the first batch of replenishment is completed, and all rsETH operations will return to normal.