The current price is in the range of 2300-2500, and the distribution of chips shows strong support in the low price area, but the resistance above is only 1.84% away, making it difficult to break through. By combining member exclusive chip distribution indicators, it is possible to accurately identify sparse chip areas and predict the direction of price fluctuations. The latest K-line has seen the appearance of black three soldiers, coupled with a decrease in trading volume, further confirming the downward trend. The EMA24/52 moving average is under pressure, and the short-term bearish signal is clear. Open membership to unlock chip distribution, grasp support and resistance levels in advance, and seize the opportunity! The data is sourced from the PRO member's [ETH/USDT Binance USDT perpetual 90 minute] candlestick, for reference only, and does not constitute any investment advice.

The trading volume of Binance FORM/USDT surged 51 times within 10 minutes, with a turnover of 32.34 million US dollars in the past 24 hours, an increase of 3.35%. 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.

Odaily Planet Daily News: Starting from May 13th (Monday), Backpack Exchange announced the introduction of a unified+11% annualized benchmark interest rate in its perpetual contract funding rate calculation formula. This update aims to align with the funding fee structure of mainstream derivative exchanges in the industry, while enhancing the overall liquidity and trading activity of the market. The new mechanism does not change the calculation logic of the original funding rate, but further optimizes the funding rate environment by artificially setting a continuous positive deviation, which is particularly beneficial for Delta neutral strategy participants and provides them with more attractive funding rate arbitrage space.

Foresight News reports that the cryptocurrency wallet Phantom has added an integrated Sui network. Users can now exchange tokens between Sui, Ethereum, Base, and Solana, access Sui applications, and purchase SUI directly in their wallets.

According to Decrypt, the Australian government has appointed Andrew Charlton as Assistant Minister for Technology and Digital Economy, and also serves as Cabinet Secretary, to promote digital asset regulation and the modernization of the technology industry. Prime Minister Anthony Albanese stated that Charlton's economic qualifications and international experience fully qualify him for this dual role. This appointment comes at a time when the Australian government is strengthening its regulation of digital assets. According to the new regulations, major encryption platforms are required to obtain an Australian financial services license, while small businesses and non-financial service institutions are exempt. The reform plan aims to align with international standards such as the EU MiCA and Singapore's Payment Services Act. Caroline Bowle, CEO of BTC Markets, believes that the appointment reflects the government's emphasis on the development of the digital economy. As a former cybersecurity envoy, Charlton was involved in developing the licensing system for encryption platforms. In addition, the government is currently in negotiations on the issue of "de banking" of banks and plans to introduce relevant legislative drafts within the year. The Australian Securities and Investments Commission will also update its guidelines for digital assets.