10x Research: Bitcoin ETF sells over $1 billion, market sentiment drops sharply

White House crypto policy advisor Patrick Witt said that if the Clarity Act is passed, it will provide about 90% of the regulatory framework and policy certainty needed for the crypto industry. （Cointelegraph）

The ALEX Lab Foundation has submitted governance proposal AGP-8, which plans to cease ALEX community token emissions, close the Treasury Grant Program (TGP), and introduce a token repurchase and destruction mechanism. At present, the circulating supply of ALEX is about 973 million pieces, approaching the upper limit of 1 billion pieces. If the proposal is passed, the next 32 cycles will be the final token emission cycle. Approximately 1.568 million STX tokens remain unclaimed in the TGP 2024 treasury and will be used to repurchase and destroy ALEX tokens at market prices after a 30 day grace period. The agreement revenue will also be used for continuous repurchase and destruction after covering operating costs.

The Verus Ethereum Bridge was stolen with 103.6 tBTCs, 1625 ETH, and 147000 USDC. The attacker exchanged the assets for 5402.4 ETH (approximately $114 million), which are currently stored at addresses 0x65Cb... 25F9. The attacker's address received 1 ETH fund through Tornado Cash about 14 hours ago. （PeckShieldAlert）

BBX News, Gemini May 15th+17%: Q1 revenue of $50.3 million (+42%)+$100 million BTC investment (1258 BTC, $14/share, premium 153%)+CFTC DCO license; Coinbase May 15th -7.6% (CLARITY Act buy expected sell fact, Polymarket pass probability drops to 59%); Mubadala Q1 13F (May 16th): IBIT holdings increased by 16% to $566 million, exceeding $500 million for three consecutive quarters. Core points: ——Gemini (NASDAQ: GEMI): Q1 revenue of $50.3 million (+42%, exceeding expectations), EPS - $0.93 (better than - $1.03); $100 million BTC battle investment (1258 BTC, $14/share); Credit card+300%, CFTC DCO license; May 15th+17%. ——Coinbase (NASDAQ: COIN): May 15th -7.6% (CLARITY Act Sell Facts, Polymarket 59%, Warsh Fed Uncertainty), Form 144）； The cost of data security is suspended at $180-400M. ——BlackRock (NYSE: BLK) IBIT: Mbadala Q1 13F (disclosed on May 16): IBIT holds 14.7M shares at $566 million (+16%), exceeding $500 million for three consecutive quarters; Al Warda holds an additional $408 million, with a combined peak of over $1 billion. Source: bbx.com

The yield of 30-year US Treasury bonds has exceeded 5%, reaching a 20-year high, while the yield of 10-year Japanese bonds has risen to 2.8%, reaching a 30-year high. The sharp drop in the Korean stock market triggered a circuit breaker, causing the price of gold to fall below $4500. Pruya Misra, portfolio manager at JPMorgan Asset Management, stated that concerns have arisen over the global rise in long-term interest rates and expectations of a Federal Reserve rate hike. Investors believe that the Middle East standoff blocking the Strait of Hormuz will continue to increase bond pressure.