ETH breaks through the $2550 mark

According to Cryptoslate, Bitwise Chief Investment Officer Matt Hougan stated that there is a "significant unlocking" in the financial advisory field of cryptocurrency investment. After attending a conference at a large consulting firm, Hougan shared his expectation that most large companies will achieve access to cryptocurrency ETPs by the end of 2025. He added that people's interest in cryptocurrency investment is growing and predicted that new indicators flowing into cryptocurrency ETP will reach "billions of dollars". Hogan also stated that the investment portfolio allocation standards for cryptocurrencies are changing, and a 5% asset allocation may become the norm. He further explained that institutional investors are increasingly accustomed to increasing the weight of cryptocurrencies in traditional investment portfolios. Hogan also stated that there has been an increase in inquiries from advisors regarding Ethereum, stating that he has answered more questions about the asset in the past few days than in the past six months. Hogan stated that while Bitcoin still dominates in terms of scale, Ethereum has become a key area of curiosity for professionals.

According to BlockBeats, on May 15th, Haowang Guarantee (formerly Huione Guarantee) recently announced on its official website that "all of the company's NFTs, channels, and groups have been blocked by Telegram, and Haowang Guarantee will cease operations from now on. '' According to Wired, Haowang Guarantee's move is a response to Telegram's action on Monday, which banned thousands of accounts that form the infrastructure of a vast third-party vendor market, many of which provide money laundering and other services to the thriving East Asian cryptocurrency fraud industry. Previously, in April of this year, a United Nations report pointed out that illegal cryptocurrency projects such as Huiwang Guarantee were "powerful tools" for cybercrime groups.

According to Coincentral, Ukraine is developing a legal framework for holding Bitcoin in its national reserves, and a specialized parliamentary committee led by financial officials is finalizing the legislative draft. Senior parliamentarian Yaroslav Zhelezniak confirmed that Ukraine plans to establish a cryptocurrency reserve infrastructure, and he is responsible for overseeing the preparation of relevant legal drafts. The proposal aims to standardize the way the country acquires, stores, and manages Bitcoin reserves, striving to be consistent with the expected cryptocurrency regulations to be introduced by 2025. The law will support holding digital assets for national fiscal planning, and authorities will ensure transparency, compliance, and supervision by central banks and regulatory agencies. It is reported that Ukraine is receiving support from Binance to establish a national Bitcoin reserve, and cooperation includes providing guidance on reserve mechanisms and technological infrastructure. Both sides are actively discussing the implementation of reserve strategies. In addition, Ukraine plans to coordinate with the National Bank and the International Monetary Fund to pass a comprehensive digital asset law by early 2025, covering fiscal policy formulation, exchange regulation, anti money laundering measures, and capital gains tax, clarifying the legal responsibilities of market participants and state institutions.

According to BlockBeats, on May 15th, according to Lookonchain monitoring, a trader bought LAUNCHCOIN for 54 SOL ($8191) before it rose, when LAUNCHCOIN's market value was only $500000. After his purchase, LAUNCHCOIN began to soar and eventually surpassed a market value of $300 million. After the market value exceeded 200 million US dollars, he began to sell and has currently sold 2.5 million tokens at a price of 3465 SOLs. At present, he still holds 12.12 million LAUNCHCOIN (3.5 million US dollars) - making his total profit exceed 4 million US dollars.

According to Lookonchain monitoring, a trader earned over $4 million in 22 days with just $8191, with returns up to 500 times higher. After more than four months of silence, the trader suddenly withdrew 68.8 SOLs from Binance 22 days ago and spent 54 SOLs (approximately $8191) to buy 14.62 million LAUNCHCOIN tokens - at that time, the token's market value was less than $500000. After his purchase, LAUNCHCOIN immediately experienced a surge and eventually surpassed a market value of $300 million. When the market value exceeded 200 million US dollars, he began to sell in batches. Currently, he has sold 2.5 million LAUNCHCOINs and exchanged them for 3465 SOLs (approximately 617000 US dollars). It still holds 12.12 million LAUNCHCOINs (approximately $3.5 million), with a total profit exceeding $4 million.