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According to official news, Gate Alpha officially launched the 37th Hot Coin Trading Competition on May 11 at 16:00 (UTC+8). Users can participate by trading designated hot coins to share a total airdrop reward valued at $110,000.This event features a dual reward mechanism with a 100% winning rate. Users who did not register with an invitation code will receive 1 ordinary blind box lottery chance for every 200 USDT traded, with a total prize pool of approximately $40,000, including iPhone 17 and GT tokens; users who registered with an invitation code will receive 1 premium blind box lottery chance for every 500 USDT traded, with a total prize pool of approximately $70,000, with prizes including iPhone 17 Pro Max and high-value GT tokens. All rewards are distributed in real-time and are available until exhausted.Gate Alpha now supports popular public chains such as SOL, ETH, Gate Layer, BNB Chain, Base, SUI, ARB, World Chain, AVAX, Polygon, LINEA, ZK, OP, and Berachain, and enables seamless trading of all-chain tokens through the contract address search function, facilitating cross-chain trading and allowing users to access all on-chain tokens with one click.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is 0.0047%. Among the current mainstream exchanges, the funding rate on Binance is 0.0019%, OKX is 0.01%, Bybit is 0.0067%, and Gate is 0.0036%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is 0.0022%. Among the current mainstream exchanges, the rate on Binance is 0.0026%, OKX is 0.01%, Bybit is 0.005%, and Gate is 0.0072%.

CryptoQuant analyst Oro Crypto (@oro_crypto) stated that the adjusted spent output profit ratio (aSOPR) of Bitcoin has returned to a structurally key area. This indicator has remained above 1 for 9 consecutive trading days since May 1, indicating that the market is continuously realizing profit sales.aSOPR is used to measure whether the Bitcoin being spent on-chain is in a profit or loss state. A value greater than 1 indicates that, on average, the spent BTC is being sold at a profit, while a value less than 1 indicates that it is being handled at a loss. The significance of this signal lies in its persistence; the consecutive 9-day sequence reduces noise interference and shows that a substantial change in market structure has occurred. The last similar consecutive profit sequence appeared from October 19 to November 4, 2025, during which BTC also experienced several consecutive days of on-chain profit spending.From a market structure perspective, this indicates that Bitcoin is absorbing profit-taking selling pressure, and the price structure has not immediately deteriorated, showing that the market currently exhibits sufficient absorption capacity. This reading does not necessarily mean entering a euphoric phase, but rather indicates that the market has shifted from a loss realization environment to a phase where participants are continuously realizing profits. As long as aSOPR remains above 1, the market structure remains constructive: participants are cashing in profits while the market maintains its absorption capacity. The key failure level is clear: if the indicator continues to fall below the 1 threshold, it means the market will start handling tokens at a loss again, which would weaken the current constructive signal.Bitcoin is not only being sold again at a profit, but this process is also persistent. This persistence transforms aSOPR into a constructive signal reflecting internal market improvement, marking the most significant positive sequence since October to November 2025.

According to the official announcement from OneBullEx, the platform's May Member Day event has officially started. This time, it continues to offer a 1:1 exchange of OBE points for USDT, with a prize pool reaching 300,000 USDT. The event will take place on May 11 from 11:00 to 20:00 (GMT+4), divided into 10 exchange sessions, with approximately 1,500 exchange slots available for each session, on a first-come, first-served basis, until all slots are filled.It is introduced that users need to consume 20 points for each exchange participation. After completing the exchange, the corresponding USDT rewards will be directly credited to their accounts. Users participating in this event must have at least 500 points in their accounts, and the specific amount credited and participation rules are subject to what is displayed on the event page.It is reported that OneBullEx has designated the 11th of each month as a fixed Member Day, continuously strengthening user participation and platform activity through mechanisms such as point exchanges, task incentives, and community interactions. As the May Member Day continues, the 1:1 exchange of OBE points for USDT is further entering a periodic operation, and Member Day is gradually becoming an important benefit scenario within the OneBullEx points system.

According to Coinglass data, the current holdings of whales on the Hyperliquid platform amount to $4.309 billion, with long positions of $2.104 billion, accounting for 48.84% of the total holdings, and short positions of $2.204 billion, accounting for 51.16%. The profit and loss for long positions is $43.8603 million, while for short positions it is -$80.8449 million.Among them, the whale address 0xa5b0..41 has taken a 15x leveraged long position on ETH at a price of $2265.48, currently showing an unrealized profit and loss of $2.5844 million.

According to The Block, Strategy's Executive Chairman Michael Saylor stated in an interview that even if the company occasionally sells a small amount of Bitcoin, it will quickly replenish it at a ratio of buying back 10 to 20 coins for every 1 sold, emphasizing that it should become a net accumulator of Bitcoin, holding more Bitcoin at the end of each year than at the beginning.Last week, Strategy mentioned in its earnings call that it would consider using its Bitcoin holdings to fund dividends for the STRC perpetual preferred stock plan, no longer viewing it as completely untouchable reserves.

Crypto.com announced that its UAE entity Foris DAX Middle East FZE has obtained a Stored Value Facility (SVF) license issued by the Central Bank of the UAE, becoming the first virtual asset service provider (VASP) in the region to receive this license. With the acquisition of this license, Crypto.com will officially launch its collaboration with the Dubai Ministry of Finance, allowing UAE residents to use crypto assets to pay for government service fees.Related fund settlements will be conducted in UAE Dirhams or in Dirham stablecoins approved by the Central Bank of the UAE. Additionally, after obtaining regulatory approval, Crypto.com also plans to advance the integration of crypto payments with Emirates Airlines and Dubai Duty Free based on this license.

According to SoSoValue data, last week the net inflow for Bitcoin spot ETFs was $623 million.The Bitcoin spot ETF with the highest net inflow last week was the BlackRock ETF IBIT, with a weekly net inflow of $596 million, bringing the total historical net inflow for IBIT to $66.1 billion.Following that was the Ark & 21 Shares ETF ARKB, with a weekly net inflow of $53.09 million, and the total historical net inflow for ARKB currently stands at $1.71 billion. The Bitcoin spot ETF with the highest net outflow last week was the Grayscale Bitcoin Trust GBTC, with a weekly net outflow of $62.28 million, and the total historical net outflow for GBTC has reached $26.35 billion.As of the time of writing, the total net asset value of Bitcoin spot ETFs is $106.61 billion, with an ETF net asset ratio of 6.67%, and the historical cumulative net inflow has reached $59.34 billion.

Syndicate stated on platform X that regarding the latest developments of the Syndicate bridge security incident, all affected SYND holders on the Commons Chain have received full compensation, along with an additional 15% of the total losses as compensation.The relevant amounts have been directly sent to the affected users' Base chain wallets, with the Gas fees covered by Syndicate Labs. The total compensation amounts to 12.901 million SYND, and no action is required through any claim page.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $4.333 billion, with long positions of $2.119 billion, accounting for 48.91% of the holdings, and short positions of $2.214 billion, accounting for 51.09%. The profit and loss for long positions is $69.693 million, while for short positions it is -$11 million.Among them, the whale address 0xa5b0..41 has taken a 15x leveraged long position on ETH at a price of $2265.48, currently showing an unrealized profit and loss of $3.7125 million.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is 0.0041%. Among the current mainstream exchanges, the rate on Binance is 0.0075%, OKX is 0.0077%, Bybit is 0.005%, and Gate is -0.0083%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is -0.0022%. Among the current mainstream exchanges, the rate on Binance is 0.0058%, OKX is 0.0025%, Bybit is 0.0028%, and Gate is -0.0097%.

According to monitoring by Lookonchain, a Bitcoin OG address that had been inactive for over 12 years (starting with 1KAA8G) transferred out 500 BTC (worth 40.62 million USD). When this address received the 500 BTC, the price of BTC was approximately 914 USD, and it currently has a profit of 40.17 million USD, with a return rate of 88 times.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is 0.0039%. Among the current mainstream exchanges, the funding rate on Binance is 0.0066%, OKX is 0.0067%, Bybit is 0.0083%, and Gate is 0.0051%.

According to Coinglass data, the current average funding rate for BTC across the network over 8 hours is 0.0011%. Among the current mainstream exchanges, the rate on Binance is 0.0057%, OKX is 0.001%, Bybit is 0.0034%, and Gate is -0.0034%.

According to Onchain Lens monitoring, a certain whale exchanged 40 BTC for 1,384.6 ETH through THORChain, worth 3.23 million USD, and then transferred these funds through Tornado Cash.

Goldman Sachs has postponed its predictions for the next two Federal Reserve rate cuts to December 2026 and March 2027. The report indicates that the transmission of energy costs may keep core Personal Consumption Expenditures (PCE) inflation around 3% for the entirety of 2026, above the Federal Reserve's 2% target. Previously, the International Monetary Fund (IMF) also predicted that core PCE would not return to 2% until early 2027 at the earliest.Goldman Sachs' U.S. economists believe that a cooling of monthly data and a weakening labor market need to occur before rate cuts happen. The Federal Reserve maintained the federal funds rate at 3.50% to 3.75% on April 29, with four dissenting votes, the most since 1992. According to CME FedWatch data, the market sees a 93.4% probability that rates will remain unchanged at the June 17 meeting. Lindsay Rosner from Goldman Sachs Asset Management previously stated that hawks may have the upper hand at the June FOMC meeting. For the cryptocurrency market, the delay in rate cuts tightens liquidity flowing into risk assets, and a stronger dollar tends to suppress the valuation of crypto assets.