BlockBeats News: On May 14th, according to Bitcoin Laws, Michigan passed House Resolution 100, designating May 13th, 2025 as "Digital Asset Awareness Day". The resolution encourages the implementation of activities and projects to promote a deeper understanding of digital assets and their impact on our society and economy.
Click on the link to enter Tencent Meeting: https://meeting.tencent.com/p/9850662513 In the past 24 hours, Ethereum has staged a thrilling reversal drama. Within 24 hours, the ETH price rebounded strongly from the plummeting abyss, breaking through the $2400 mark at one point and reaching a high of $2440, with a daily increase of 5.34%. This rebound is like a lightning bolt, breaking through the haze of the previous day's sharp drop of 10.58% to $2249, making investors ask while breathing: is this a signal of bottoming out and reversal, or is it another trap set by bears? The trigger for the sharp decline has long been buried. Market data shows that the ETH leverage ratio continues to climb to historical peaks, and the frenzy in the derivatives market has laid the groundwork for a sharp decline. When the ETH/BTC exchange rate continues to weaken and the price falls below the key support level of $2400, high leverage positions collapse like dominoes. The $2380-2155 area with weak liquidity has become a 'death vacuum zone', with prices falling freely, hitting a low of $2185 last night, and a wave of liquidation sweeping the market. The massive liquidation has become the bloodiest footnote to this long short battle. In the past 24 hours, the total amount of liquidated assets on the internet reached 1.012 billion US dollars, of which Ethereum contributed 372 million US dollars, far exceeding Bitcoin's 304 million US dollars. It is suffocating that the $903 million long sell out showed that most investors fell before dawn, and the bears completed the massacre of the bulls in the frenzy. Although the rebound is fierce, it cannot conceal the fragility of the technical aspect. On the 4-hour chart, the EMA15 pressure level of $2280 suppresses prices like a ceiling, while the key resistance level of $2300 is quickly hit by selling pressure after being breached. Analysts warn that if the golden ratio of $2330 cannot be maintained and $2425 cannot be recovered, the rebound may only be a flash in the pan. On chain data reveals hidden concerns: although prices have rebounded, active addresses on the chain have decreased by 5%, and the enthusiasm of retail investors to participate has faded, the foundation of the rebound is not solid. The market stands at a crossroads. The stagnant flow of ETF funds and strong institutional wait-and-see sentiment have made the weekly support level of $2155 and the 0.236 Fibonacci retracement level of $2026 the last line of defense for bulls. The current sharp rise and fall of ETH is not only the inevitable pain of leverage liquidation, but also the confusion of the market about the re evaluation of the value of Ethereum after the ecological upgrade. When liquidity becomes a double-edged sword, who will be the next to be harvested? The answer lies in the moment the trader presses the leverage button, as well as in the journey of whether Ethereum can truly break through the technological dilemma. Operation suggestion: BTC 105500 long. First target: 104500. Second target: 103300 ETH 2430 short first target looks at 2370 second target looks at 2300 Join the language community communication group to obtain more services 1. Real time troubleshooting (online one-on-one question answering and sorting) 2. Professional technical analysis and theoretical learning 3. Construction and improvement of trading system- 4. Live streaming courses every day, contract termination, real-time order making, to help you successfully land! Every day, there are teachers in the group who provide precise positioning to answer questions and offer free guidance. Tencent Meeting Live: 985-066-2513 DingTalk Group Number: 120320009032 Every day, there are teachers in the group who arrange precise positioning to answer questions and provide free guidance Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AiCoin, and the consequences shall be borne by oneself.
At the opening of the US stock market, the Dow Jones Industrial Average rose 269 points, the Nasdaq rose 180 points, and the S&P 500 index rose 0.64%.
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Odaily Planet Daily News: Community users have discovered that Fragmetric is suspected to have opened a Foundation X account (@ FragmetricFDN), and the co-founder of the project, Sang.sol, has followed the account. In addition, Sang.sol has also posted that "there will be major events happening this week", and the community speculates that TGE related matters may be announced.
According to official news, Story, a leading global intellectual property (IP) blockchain platform, has partnered with OKX Ventures to launch a $10 million ecological fund aimed at supporting startups that utilize IP assets and AI technology to solve practical problems. From bringing real-world IP onto the chain to achieve financialization of IP value, enabling creators to earn profits, to providing attributable and traceable on chain data for large-scale AI training, thereby opening up new economic channels and accelerating the development of AI. Jeff Ren, partner of OKX Ventures, said: "Through the ecological fund, we are not investing in thousands of projects, but looking for suitable projects. Story is building infrastructure for IP native Internet, and we are happy to participate in it and support those builders with long-term vision and innovation. Through this collaboration, we hope to once again demonstrate our willingness and determination to promote the development of the Story ecosystem. ” It is reported that the fund will be jointly managed and evaluated by Story and OKX Ventures. Start up companies supported by the fund will receive corresponding capital support, marketing support, and team support from OKX and Story. Interested developers can click on the link to submit their projects for review: https://docs.google.com/forms/d/e/1FAIpQLScz9WAqnrdLLf6j658_ymh5XennKOruGyWUj39_xy0QZa2NfQ/viewform
