The current mainstream CEX and DEX funding rates indicate a cautious bullish trend in the market

According to the popularity ranking, NXPC's popularity has decreased by 90000 followers compared to yesterday, ranking first. The popularity ranking is as follows: ① NXPC （$2.29，3.15%） ② ETH （$2517.41，1.71%） ③ PEOPLE （$0.02577，14.69%） ④ MOODENG （$0.2746，57.54%） ⑤ PNUT （$0.3617，27.00%） NXPC's main fund has strong buying power, with a net inflow of $28.76 million in 24 hours and a transaction volume of $1.374 billion in 24 hours, of which the main fund's net inflow was $4.637 million.

On May 18th, according to HypurScan data, the "25 times short ETH" address has closed approximately 18300 ETH short positions and currently holds 23537 ETH short positions worth $59.28 million. The opening price is $2514 and the closing price is $2540.7.

Odaily Planet Daily News: According to Jupiter DAO's article on X platform, the voting activities related to Huma Finance will start at 11:30 pm Beijing time on May 18th and end at 11:30 pm Beijing time on May 22nd. Previously, Huma Finance initiated a Jupiter DAO alliance proposal, planning to conduct a pre-sale of $75 million FDV valuation only for JUP stakers, providing a 1% token supply, and locking the tokens for 3 months after TGE. The proposal also includes a $250000 DAO token exchange and community led token launch. In addition, the proposal states that the total supply of HUMA tokens will be 10 billion.

Odaily Planet Daily News: Dogecoin (DOGE) has recently established a key support level around $0.212, but the rebound in high trading volume indicates increased buying interest. On chain data shows that in the past month, Giant Whale has accumulated over 1 billion DOGE holdings, with a total position of approximately 25.97 billion, possibly preparing for potential price increases. At present, the price of DOGE remains in the range of 0.215 to 0.22 US dollars, showing a potential upward trend technically. Analysis suggests that if buying continues, DOGE is expected to break through the current resistance range and further explore 0.35 US dollars. （CoinDesk）

According to BlockBeats, on May 18th, the current mainstream CEX and DEX funding rates have slightly rebounded, and the market has turned cautiously bullish. The specific mainstream currency funding rates are shown in the attached figure. BlockBeats note: Funding rates are rates set by cryptocurrency trading platforms to maintain a balance between contract prices and underlying asset prices, typically applicable to perpetual contracts. It is a fund exchange mechanism between long and short traders, and the trading platform does not charge this fee. It is used to adjust the cost or return of traders holding contracts, in order to keep the contract price close to the underlying asset price. When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates that the market is generally bullish. When the funding rate is less than 0.005%, it indicates that the market is generally bearish.