ChainCatcher news, according to official sources, OKX's smart arbitrage has completed a significant upgrade. Users can now stack staking rewards for SOL and ETH while activating smart arbitrage strategies. In addition, OKX has launched limited-time interest rate coupons for SOL and ETH, allowing users to achieve a triple stacking of annualized returns from arbitrage, staking rewards, and interest rate coupons, further enhancing capital utilization and annualized returns.It is reported that the smart arbitrage strategy is a method aimed at obtaining stable returns by hedging against market price fluctuations. Its core principle is to use a Delta neutral strategy by holding positions in the spot market and the futures market that are opposite in direction and equal in size, thereby hedging the risk of price changes.

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, a giant whale/institutional address bought back 30,000 ETH through Wintermute OTC 6 hours ago, with a purchase price of $2,513, totaling approximately $75.39 million USDC.This address had previously sold the same amount of ETH on May 22 at a unit price of $2,621, realizing a profit of about $23.73 million (+43%). This round of low-position replenishment allowed it to achieve an additional arbitrage of $3.24 million between the two trades.

ChainCatcher news, according to Cointelegraph, Bitcoin enters its fifth era after the 2024 block reward halving, with the single block reward decreasing from 6.25 BTC to 3.125 BTC. Mining companies are responding to profit pressures through hardware upgrades, energy optimization, and regional migration. By May 1, 2025, the total network hash rate is expected to reach 831 EH/s, a 77% increase from the 2024 low of 519 EH/s, with a peak rising to 921 EH/s.The iteration of mining machines accelerates the energy efficiency competition, with Bitmain's Antminer S21+ achieving a hash rate of 216 TH/s and an energy consumption ratio of 16.5 J/TH, while MicroBT's immersion mining machine WhatsMiner M66S+ reduces energy consumption to 17 J/TH. TSMC and Samsung have already adopted 3-nanometer chip technology, with 2-nanometer processes soon to be implemented, driving continuous improvements in mining machine efficiency.Energy costs dominate the survival of mining companies, with the network difficulty rising to a historical high of 123T, and daily earnings per TH/s (Hashprice) dropping from $0.12 in April 2024 to $0.049 in the same period of 2025. The Omani government subsidizes electricity prices to maintain $0.05--$0.07 per kilowatt-hour, while semi-official projects in the UAE have electricity prices as low as $0.035--$0.045 per kilowatt-hour, attracting institutional-level mining operations. In the U.S., industrial electricity prices exceed $0.1 per kilowatt-hour, forcing mining companies to migrate to low-cost energy regions in Africa, the Middle East, and Central Asia.A Cointelegraph research report indicates that the growing demand for AI computing power, global regulatory adjustments, and breakthroughs in hardware technology will continue to impact the industry landscape over the next 12 to 18 months. Efficiency optimization has become a survival necessity, with only leading mining companies able to maintain competitiveness through energy arbitrage and equipment upgrades, while sovereign nations adopt strategies alongside institutional entry or reshape Bitcoin's position in the global financial system.

ChainCatcher message, regarding the multiple abnormal crashes of Memes, Wintermute founder and CEO Evgeny Gaevoy added on X: "We reacted only after the movement and arbitraged the AMM pools."

ChainCatcher message, Matrixport released today's chart, showing that Bitcoin is attempting to break through the downward trend, benefiting from the Federal Reserve's slightly dovish stance and Trump's suggestion of a more targeted approach to tariffs. Compared to the past few weeks, these changes provide a more constructive environment for the market.Additionally, as the end of the quarter approaches, the selling pressure from arbitrage funds is easing, due to persistently low funding rates and the fact that most of the selling has nearly come to an end. Although the current catalysts are not sufficient to support Bitcoin in reaching a new all-time high, the market outlook has significantly improved.

ChainCatcher news, according to an analysis by Shen Yu, co-founder and CEO of Cobo, Strategy (MSTR) cleverly amplifies Bitcoin's high volatility by 2.5 times to the U.S. stock market.Professional institutions utilize this high volatility for arbitrage, gaining short-term profits; MSTR raises cash through issuing convertible bonds and ATM share increases to accumulate a large amount of Bitcoin; common shareholders bear the severe stock price fluctuations and short-term decline risks, but passively receive the "Bitcoin yield" from the increased Bitcoin per share; Bitcoin holders benefit from the continuous influx of market funds and the rise in Bitcoin prices.

ChainCatcher news, the Roam reverse burn feature has been launched, allowing users to convert ROAM tokens back to Roam Points within the app. The reverse conversion rate is based on the average rate of the general pool and the sticker pool, with 97% of the reverse burn tokens being immediately destroyed. This mechanism and the official burn pool feature will be activated after the TGE. Since the conversion efficiency of the sticker pool is higher than that of the general pool, users holding enough stickers can convert tokens into points through the reverse mechanism and then burn them in the normal sticker pool to earn more tokens for arbitrage. The number of stickers is the key burning material, which can only be obtained by checking in through the app. This process incentivizes users to participate in network validation, enhancing the value of ecological data, advertising, and traffic, and increasing cash income.The Roam burn pool went live on March 8 at 7:30 AM Beijing time. Through a dual burn mechanism, it will achieve dual deflation of points and tokens, ensuring the long-term stability of both values. Previously, on March 6 at 6:00 PM, ROAM spot trading went live, opening at $1.0433 and later stabilizing at $0.39, with trading volume exceeding expectations. The contract feature was launched on March 7 at 6:00 PM on seven exchanges including Bybit, Bitget, and LBank, supporting 1-50x leverage perpetual contracts, with a strong market response further injecting momentum into the ecosystem.

ChainCatcher message, Matrixport analysis indicates that since the launch of the Bitcoin ETF in January 2024, the outflow of funds this month has reached a new high, which may be related to hedge funds closing basis trades (going long on ETFs and shorting futures). This trend is consistent with the reduction of $8 billion in open contracts for Bitcoin futures on the CME after the Federal Reserve's FOMC meeting in December 2024, which exceeds the total inflow of funds into ETFs by 20%.Additionally, the expiration of February futures contracts may also be a source of selling pressure, but this factor has currently been absorbed by the market. Matrixport believes that as the impact gradually weakens, hedge funds may reduce ETF sell-offs and reassess arbitrage opportunities in late March. At present, ETF selling pressure seems to have temporarily halted.

ChainCatcher news, Matrixport released a report stating that the recent market adjustment of Bitcoin is mainly influenced by hedge funds, rather than Wall Street investors.The report pointed out that at least 25% of Bitcoin ETF funds are related to arbitrage trading, and as much as 55% of ETF fund inflows come from hedge funds focused on arbitrage, rather than long-term investors. Since the Federal Reserve's Open Market Committee meeting in December, the significant decline in arbitrage profit opportunities has led to a decrease in trading volume, prompting hedge funds to unwind their arbitrage positions, resulting in record outflows from Bitcoin ETFs.The strengthening of the dollar has led to a decline in global liquidity indicators, putting downward pressure on Bitcoin prices.

ChainCatcher news, according to a post by Lin, the Asia Pacific Business Head of Deribit, "The annualized BTC basis is still at 8%, and with leverage, the returns can still hold; it's not yet time for traditional arbitrage funds to exit."

ChainCatcher news, according to Zhu Su, co-founder of Three Arrows Capital, stated that "blaming the Libra incident on Solana or the Jupiter platform is as unreasonable as blaming decentralized finance (DeFi) hacking incidents or NFT issues on Ethereum or Uniswap."Zhu Su pointed out that the main mistake of the Libra team was withdrawing from the Meteora liquidity pool and engaging in short-term arbitrage operations; otherwise, it would be similar to the operation of Trump tokens.