Odaily Planet Daily reported that the trading activity of Ethereum decentralized exchange (DEX) has significantly increased this month, with the daily active users reaching about 64000, a three-month high and a surge of 73% from the low point on May 4th. This indicates that retail investors' interest in Ethereum trading has rebounded, possibly driven by improved market sentiment and recent price increases in ETH. Despite the surge in the number of traders, the monthly DEX trading volume remains at around $15 billion, indicating that the current growth is mainly driven by small trades rather than institutions or large investors. Uniswap continues to dominate, with a monthly trading volume of $13 billion and approximately 62000 traders in the ecosystem, holding a market share of up to 97%. Market observers will continue to monitor whether this round of activity indicates a broader market breakthrough. （The Block）

Odaily Planet Daily News: According to the monitoring of Yu Jin, two whale traders with extremely high winning rates in Bitcoin trading - James Wynn and "50x insider whale" qwatio - opened opposing positions on the Hyperliquid platform early this morning, attracting market attention. James Wynn added his 40 times leveraged BTC multiple to 7764 BTC, with a current position value of up to $830 million, which may break the record for the maximum value of a single position on Hyperliquid. The opening cost price for this multiple order is $105033, and the liquidation price is $100330. At the same time, "50 times insider whale" qwatio transferred 2.3 million USDC to Hyperliquid as margin at 4am, opening a short position of 826 BTC with 40 times leverage, with a position value of 88.36 million USD. The opening cost price is $107192, and the liquidation price is $108500.

According to BlockBeats news, on May 21st, according to ai_9684xtpa monitoring, well-known trader James Wynn has added 40x BTC long orders to 7764.264, worth up to $832 million: Opening price: 105033.4 US dollars; Liquidation price: $100330; Current floating profit: 16.59 million US dollars.

Odaily Daily News: The daily chart of Ethereum is forming a "bull flag" pattern, with prices consolidating in the range of $2400 to $2750 and target resistance levels between $3000 and $3100. If it breaks through $2600, it may go up to $3600. In addition, Ethereum is attempting to recapture the median of the 2-week Gaussian Channel. In history, ETH has experienced significant increases above this indicator, such as a 93% rise to $4000 in 2023 and a surge of 1820% in 2020. Although there was a failure in August 2022, cryptocurrency trader Merlijn pointed out that the 50 day SMA and 200 day SMA formed a "golden cross", which may further enhance ETH's breakthrough momentum. However, trader XO reminds that if ETH fails to break through $2800 in the short term, it may enter a several week consolidation period. The short-term support level is around $2150 and $1900. （Cointelegraph）

1. Texas establishes Bitcoin reserves through second reading 2. Musk plans to have dinner with Trump 3. A senior Federal Reserve official revealed that it is difficult to cut interest rates in the short term 4. Bancor sues Uniswap for patent infringement 5. Argentine President shuts down cryptocurrency scandal investigation department 6. South Korea collaborates with EU to tackle cryptocurrency theft 7. TON Foundation appoints new growth leader 8. Ethereum founder transfers large amount of ETH to Kraken The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/460788