US stock market closes, Nasdaq down 1.63%

According to on chain analyst Ai Yi (@ ai_9684xtpa) monitoring, Grayscale associated addresses have hoarded 228900 HYPEs worth $121 million in the past 17 hours; Since May 14th, a total of 325200 HYPE ($165 million) have been proposed, with an average proposed price of $50.69 and a current floating profit of $1.7 million.

[BTC's main players have completed large orders worth tens of millions of dollars in a short period of time, with significant fluctuations in funds] Intensive major trades within a short time, deeper strategic motives may be unfolding.

According to the official website of the Hong Kong Securities and Futures Commission, Bixin, a digital asset trading platform under NewBX Limited, has been granted a license to operate as a virtual asset trading platform. It is authorized to engage in regulated activities under Class 1 (securities trading) and Class 7 (providing automated trading services) and is permitted to operate under the Anti Money Laundering and Counter Terrorist Financing Ordinance. As of now, the number of licensed virtual asset trading platforms in Hong Kong has increased to 13, with an additional 6 applications in progress.

According to a post by Syndicate on the X platform, Syndicate Labs will cease operations due to a fundamental shift in the Rollup market. Syndicate stated that the Rollup market has significantly shrunk, and EVM Rollup is no longer the industry standard, with the market gradually deviating from its technological roadmap.

The decentralized card game Fantasy.top announced that it will cease operations at the end of June due to economic limitations of the TCG model and insufficient trading volume. The main Fantasy event will continue until June 18th, and all hero payments will be made after the rewards are distributed. The prediction market and other gameplay will cease operation from May 21st, and unused paid arena tickets will be refunded. In November last year, the team denied rumors of closure and claimed that the core reward treasury held 640 ETH.