The market value of Chinese related tokenized stocks on BNB Chain has increased to $9.3 million

CryptoQuant stated that Bitcoin has risen over 20% since early April, but is still defined as a 'bear market rebound'. The short-term holder profit indicator remains above 1, indicating that the market has been in a profit taking phase since mid April. Despite the rise in selling pressure, a price correction may still take time to manifest.

According to CCTV News, ship tracking data shows that as of the morning of the 8th local time, there have been no large ships passing through the Strait of Hormuz in the past 24 hours, marking the second consecutive day of this situation since the 7th.

Binance BNB/USDT is currently trading at $649.99, with a 5-minute increase of 0.05%. Please pay attention to market fluctuations.

A few weeks after Elon Musk's company obtained an option to acquire code startup Cursor for $60 billion, Cursor employees have visited the xAI office to discuss work matters with internal staff. According to insiders, xAI laid off about 10 employees last Friday, involving the Grok large model development team. Last autumn, the xAI research team had a size of about 200 people, but the total number of employees is currently unknown. Recent resignations include Devindra Chaplet, a founding member of Mistral AI who left after only about a month of joining xAI. Employees in the xAI data center business have also been laid off in recent weeks.

The Binance deposit volume has once again increased significantly, indicating that retail funds are flowing back to the exchange. The NUPL index is around 0.38, indicating a shift in market sentiment from fear to cautious optimism. （CryptoQuant）