According to Lookonchain monitoring, as the market declines, an early Ethereum OG address has once again begun buying on the dip. On-chain data shows that this address has accumulated 3,942 ETH, worth approximately $8.08 million, with an average purchase price of approximately $2,049, and may continue to increase its holdings. Data shows that this address previously acquired 12,001 ETH from ShapeShift 10 years ago at an average price of approximately $7.58. Subsequently, over a year ago, it sold all of its ETH at an average price of approximately $2,856, obtaining 34.3 million USD coins, accumulating a profit of approximately $34.2 million, representing a return on investment of 376 times.

According to Odaily Planet Daily, analysts believe that rising yields on US Treasury bonds and bonds in major global economies are weakening market willingness to allocate to high-risk, non-interest-bearing assets such as Bitcoin. Meanwhile, influenced by the situation in Iran, market concerns about potential supply risks in the Strait of Hormuz are intensifying, with some speculative funds flowing into commodity markets such as crude oil, copper, and sulfur. Market data shows that Bitcoin has fallen more than 3% in the past 24 hours, retreating about 10% from its high of approximately $82,500 on May 6th. Amid the market decline, US-listed Bitcoin ETFs continue to experience outflows. US-listed Bitcoin ETFs saw a net outflow of approximately $1.26 billion this week, the largest weekly outflow since January of this year. The previous week's outflow was also close to $1 billion, bringing the cumulative net outflow over two weeks to more than $2.26 billion. Furthermore, there is a view that funds may be shifting to transactions related to the potential SpaceX IPO; currently, some blockchain-based SpaceX IPO pre-market derivatives trading volume has reached millions of dollars. (CoinDesk)

According to Huoxun Finance, the Cangshan District People's Procuratorate of Fuzhou City disclosed that a man stole four Bitcoins from another person, illegally profiting approximately 900,000 yuan. In the first instance, he was sentenced to 12 years and 7 months imprisonment for theft and fined 300,000 yuan. The second instance upheld the original verdict. At the end of 2020, Wang entrusted Lin to assist in converting Bitcoins into cash. Lin stole the wallet's private key and other data, transferred the four Bitcoins to his own name, and sold them for profit. In 2024, Wang discovered the anomaly and reported it to the police, after which Lin was arrested. The procuratorate clarified that although virtual currency is not legal tender, Bitcoin possesses value, manageability, and transferability, falling under the category of "property" in criminal law, and related infringements will be prosecuted.

Odaily Planet Daily reports that Binance Wallet announced on its X platform that it has optimized the Meme Rank mechanism. The new ranking logic will no longer focus solely on market popularity, but will place greater emphasis on actual user participation. The official statement indicates that the updated ranking will pay closer attention to metrics such as the number of token holding addresses and trading activity, to more accurately reflect user engagement and help users discover popular meme tokens more quickly.

According to Huoxun Finance, on-chain analyst monitoring shows that when the price of ETH fell back to around the $2,000 mark, the largest long position of 120,000 ETH (worth $710 million) held on the Hyperliquid platform had a floating loss of $27.92 million. The average opening price of this position was $2,261. With the current ETH price approaching $2,000, the liquidation price of two related addresses was approximately $1,750, and the liquidation price of two other related addresses was approximately $1,350.