According to Onchain Lens monitoring, Abraxas Capital continues to increase its leverage short positions in BTC and ETH by 10 times, resulting in floating losses of $5.91 million and $2.03 million, respectively; At the same time, its short position in SOL achieved a floating profit of $1.3 million.
BlockBeats news, on May 21st, according to official sources, BNB Chain ecosystem DEX THENA announced that it will soon upgrade to V3,3. This upgrade will bring higher liquidity accuracy, a more user-friendly interface, and richer functional modules, while continuing its consistent stability and design philosophy. THENA V3, Introduced the Plugin system (similar to Uniswap V4 Hooks) and comprehensively restructured the ve (3,3) model to further enhance capital efficiency and modular flexibility; As part of the V3,3 upgrade, manual centralized liquidity providers (LPs) will receive up to 90% commission income. In addition, all existing centralized LPs must migrate liquidity to the new architecture. THENA V3, 3 Voting and the new UI will be launched simultaneously at the beginning of the new Epoch (8:00 Beijing time on May 22nd). VeTHE holders can vote for V3,3 pools at that time and use features such as Zapper, one click migration, and automated voting.
According to Brecorder, the Pakistani Ministry of Finance announced that the government has officially established the Digital Asset Authority (PDAA) to comprehensively regulate the cryptocurrency and blockchain industries. This institution will be responsible for the licensing and compliance management of market entities such as exchanges, custodians, stablecoins, and DeFi applications, with the aim of building a regulatory framework that complies with FATF standards. Finance Minister and Chairman of the Pakistan Cryptocurrency Council (PCC), Muhammad Aurangzeb, stated that PDAA will promote the compliance of the informal cryptocurrency market with a scale of $25 billion and explore innovative applications such as national asset tokenization and government debt digitization. The new regulations not only involve cryptocurrency assets, but also open up new financial export channels through tokenization and Web3 innovation. This move makes Pakistan another emerging market after the United Arab Emirates and Singapore to establish a specialized digital asset regulatory agency.
The perpetual trading volume of Binance STX/USDT surged tenfold within 10 minutes, with a transaction volume of 46.61 million US dollars in the past 24 hours, an increase of 8.55%. A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements.
Click on the link to enter the live stream: https://meeting.tencent.com/p/9850662513 Good evening,everyone! I am your Da Bin teacher! The current trend of the pancake market presents a complex and crucial situation. The price continued to rise despite the divergence, and the daily chart successfully closed at a new high, indicating strong bullish power and overall continued to operate within the upward channel. It is not advisable to blindly bearish until the lower edge of the channel is effectively breached. However, there is significant pressure in the supply area ahead, with $108500 becoming a key threshold. Once breached, it is highly likely to break through historical highs. From a monthly perspective, the Big Dipper has closed up for two consecutive months, with a strong dynamic bullish candlestick pattern, indicating the potential to reach higher levels next month. The pressure level of $114000 above the monthly line is worth paying close attention to. However, it should be noted that the 3-day line indicator has entered the overbought area, and the risk of short-term pullback has intensified. Despite the dominance of bulls, the market is not on a smooth path. Given the current market situation, caution and flexibility should be maintained in operations. Before the price breaks through the strong pressure of $108500, it is recommended that investors avoid blindly chasing long positions and guard against the risk of a pullback. In the morning session, focus on the pullback market, and radicals can lay out short positions around $107000 and wait for the price to rebound. If the price rebounds to the $105000 line and stabilizes, it may be appropriate to consider going long and looking towards a higher price. If the support level cannot be effectively stabilized, there are still key support points such as $104200 and $103000 below, and the position can be further adjusted according to the actual situation. If the price breaks through a new high in the future, we need to be vigilant about the formation of a double top pattern. Once the double top is established, the market may face significant downward pressure in the second half of the year. At this time, we should take profits and stop losses in a timely manner to avoid potential risks. During the period leading up to the BTC summit, the overall market volatility was not significant. Despite the lack of key data, several Federal Reserve officials clearly expressed their intention not to adjust monetary policy in the short term in their speeches, suggesting that current interest rates may remain unchanged in June and even July. In addition, the stablecoin bill and the "Beautiful Bill" have also sparked heated discussions, but they have not yet been implemented and there is uncertainty. In terms of BTC, the price once surged to $107300, just one step away from the historical high. Although there are few macro data, the focus of the market turns to the Sino US trade situation, the trend of the Russia Ukraine war and the possible sudden policy actions of Trump. From the on chain data, the short-term turnover rate has significantly increased, especially as investors who bought at the bottom over the weekend have reduced their holdings. Short term funds still dominate current trading. Operation suggestion: BTC 103500 long. First target: 105000. Second target: 106500 ETH 2430 long, first target to watch 2490, second target to watch 2580 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: 105935015698 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.
Odaily Planet Daily News: According to Lookonchain monitoring, DWF Labs withdrew 2 million MANTAs (approximately $551000) from Binance an hour ago and transferred them to its on chain staking wallet.
