CryptoQuant: Bitcoin may face pullback risk after hitting 200 day moving average

Reuters reported that about 10 Chinese enterprises were allowed to purchase H200 chips, including Alibaba, Tencent, ByteDance and JD, with Lenovo and Foxconn as distributors. Each customer is limited to purchasing 75000 yuan, but the transaction has been suspended due to China's refusal to allow chips to transit through the United States and impose a 25% fee. Nvidia CEO Huang Renxun has joined the White House delegation to China in an attempt to resolve related issues.

According to Politico, Senator Tim Scott is pushing for a partisan labeling process by rejecting over ten amendments to the encryption bill due to drafting errors. （Cointelegraph）

Judge Margaret M. Garnett in New York has postponed the ruling on Aave's emergency application, which aims to unfreeze $710 million in ETH related to the Kelp DAO hacking incident, and requires both parties to submit supplementary opinions before the hearing on June 5th. The Kelp DAO suffered a loss of $293 million in this hacking attack. Aave stated that if funds cannot be released in a timely manner, it may trigger user liquidation and affect the DeFi market. The judge requested both parties to provide additional statements on six key issues, and the deadline for submitting their opinions is May 22nd. Meanwhile, Kelp DAO's compensation work is progressing, and approximately $278 million in lost tokens will be recovered through the Aave Recovery Guardian multi signature wallet within two weeks.

The Binance Alpha airdrop event will begin today at 17:00 (UTC+8). Users must hold at least 225 Binance Alpha points on a first come, first served basis until the airdrop pool is distributed or the event ends. The specific airdrop tokens and updated information will be announced separately. （Binance Wallet）

[Nakamoto Reports $239 Million Loss in Q1] According to Cointelegraph, Nakamoto's revenue in the first quarter of 2026 grew 500% quarter-over-quarter, but the company reported a net loss of $239 million. The loss was primarily attributed to a $108 million non-cash impairment and a $102 million mark-to-market loss due to the 23% price drop of the 5,058 BTC held by the company. During the reporting period, Nakamoto completed acquisitions of BTC Inc. and UTXO Management, did not increase its Bitcoin holdings, and sold 284 BTC on March 31 to cover operating expenses. CEO David Bailey stated that the company plans to expand its Bitcoin reserves and trading strategies and intends to shut down its healthcare business by the end of the second quarter.