BTC breaks through the $104500 mark

BlockBeats News: On May 11th, according to official sources, SEC Chairman Paul Atkins will give a keynote speech on asset tokenization on May 12th. On that day, the US SEC will hold a roundtable conference on the theme of "Tokenization: Moving Assets Onchain: Where TradFi and DeFi Meet. The attendees of the US Securities and Exchange Commission include Chairman Paul S. Atkins, Director of the Crypto Working Group Office Richard B. Gabbert, Commissioner Hester Peirce, and others. Other attendees include Cynthia Lo Bessette (Fidelity), Eun Ah Choi (NASDAQ), Will Geyer (Invesco), and others.

BlockBeats News: On May 11th, according to The Kobeissi Letter analysis, the Federal Reserve's balance sheet decreased by $17 billion last month to $6.7 trillion, the lowest level since April 2020. Since April 2022, the Federal Reserve has reduced its balance sheet by $2.3 trillion, a decrease of 25%. This accounts for approximately 48% of the $4.8 trillion purchased by the Federal Reserve during the post pandemic response period. The Federal Reserve currently holds $4.2 trillion of treasury bond and $2.2 trillion of mortgage-backed securities (MBS). In March, the Federal Reserve announced that it would slow down the average pace of quantitative tightening (QT) from $60 billion per month to $40 billion. This indicates that the pace of the Federal Reserve's balance sheet reduction is slowing down.

Binance SOL/USDT is currently trading at $180, with a 24-hour increase of 4.58%. Please be aware of market fluctuations.

Odaily Planet Daily News: According to Onchain Lens monitoring, a giant whale address has once again deposited 12 million USDC into HyperLiquid, with a cumulative deposit amount of 29 million US dollars. It continues to increase its short positions on ETH, SOL, and BTC, using triple leverage. The current total short position of this address has exceeded 68.9 million US dollars, with a floating loss of 3.32 million US dollars.

Odaily Planet Daily reported that according to the monitoring of Ashes, Pump.fun transferred 132000 SOL (approximately $22.88 million) transaction fee income to Kraken 6 hours ago. The platform usually transfers after accumulating one to two weeks of transaction fees, and has sold approximately 3.868 million SOLs (about 702 million US dollars) over the past year, with an average price of 183.3 US dollars.