XRP Slides 4% as Bitcoin Traders Cautious of $105K Price Resistance

According to PRO data, Binance BTC's major players have balanced their positions and completed two huge orders with a total amount exceeding 44 million US dollars, totaling 96.53 million US dollars, with an average selling price of $104091. At present, the BTC 45 minute cycle price is returning to the EMA52 moving average, and there is a commission order worth $46.22 million that is less than 0.4% away from the current price. The short-term direction may change, and the specific main betting point can be obtained by setting the "Main Large Order Tracking" indicator. The data is for reference only and does not constitute any investment advice!

BlockBeats News: On May 16th, the Wormhole Foundation announced that Arian Motamenzadeh has officially become the new Managing Director of the foundation, focusing on protocol fee conversion and related protocol revenue, as well as promoting the adoption of Wormhole on the institutional end. Arian Motamenzadeh has over ten years of experience in startup leadership, market entry strategy, and expanding profitability. He has built businesses from scratch at world-class companies such as DoorDash and EasyPark, with annual recurring revenue (ARR) exceeding $350 million, and led these companies to achieve billions of dollars in IPOs and exits.

The Economist, an international current affairs weekly, recently published an article stating that the cryptocurrency industry has become deeply involved in US politics, with several cabinet officials and the Trump family holding huge digital assets, and TRUMP tokens being used for fundraising and lobbying. Companies such as Fr8Tech exchange tokens for opportunities to interact with the president. The article criticizes the industry for deviating from its original intention of decentralization and becoming a tool for rent-seeking, calling it the "ultimate swamp asset". In contrast, the European Union, Singapore and other places are promoting regulatory clarity while avoiding conflicts of interest. Note: 'Ultimate Swamp Asset' is a critical expression used to describe asset types that appear to be high-tech or financial innovation, but have actually become hotbeds for rent-seeking, regulatory arbitrage, and gray trading.

According to the popularity ranking, NXPC's popularity has increased by 480000 followers compared to yesterday, ranking first. The popularity ranking is as follows: ① NXPC （$2.65，-22.29%） ② PEOPLE （$0.02548，-14.24%） ③ ETH （$2611.61，2.44%） ④ ETHFI （$1.51，16.15%） ⑤ NEIRO （$0.08259，-1.83%） The buying power of NXPC's main funds is weak, with a net inflow of $75.027 million in 24 hours and a transaction volume of $4.457 billion in 24 hours, of which the main funds have a net outflow of $20.725 million.

According to Foresight News, according to Bloomberg, Coinbase's user data breach may far exceed the company's estimated loss of $400 million. The company stated that Coinbase Prime, which manages cryptocurrencies for ETF issuers and provides services to other institutional investors, has not been affected, but according to an anonymous source, hackers have indeed accessed some of Coinbase Global's most valuable customer data almost continuously since January. Mike Dudas, Managing Partner of Web3 6MV, stated that this was a significant data breach, with an astonishing amount of personal information leaked, and he himself became a target of Coinbase hackers. This will make people have to consider their personal safety, especially after similar incidents in France and other places. According to insiders, hackers have bribed enough customer service representatives in the past five months to effectively achieve on-demand access to Coinbase customer information. Coinbase Chief Security Officer Philip Martin refuted the almost continuous access claim, stating in an interview with Bloomberg News that the company immediately revoked customer service access rights upon discovering improper information sharing. Therefore, he stated that hackers did not have continuous access throughout the entire period. Bloomberg News has learned that the data of a well-known high net worth individual is being accessed, but due to privacy reasons, Bloomberg will not disclose this person's information. David Jeong, the founder of an encryption project based in New York, said that on April 3rd he received a text message from an unknown number asking him to verify the login information of his personal account. On May 4th, he received another text message from another number. Jeong stated that he has not used Coinbase's one-time password for two years.