Aptos will launch the first Korean won stablecoin KRW1 to promote the layout of on-chain payments in South Korea
According to ChainCatcher news, Aptos Labs announced that the world's first stablecoin pegged to the Korean won, KRW1, will land on the Aptos network. The stablecoin was chosen by BDACS Korea to be issued on Aptos and aims to drive on-chain payments and digital commerce applications in South Korea and the broader market. Aptos said that it was selected as the issuance infrastructure based on its full-stack blockchain capabilities for "market and machine" to support cross-border and local on-chain business scenarios.
According to Catcher Predict monitoring, the "Yes" win rate of the submarket "Completed Match" in the "Internazionali BNL d'Italia: Jannik Sinner vs Daniil Medvedev" event on the prediction market Polymarket fluctuated wildly, soaring from 66% 1 hour ago to 82% (volatility of 16%) today. Please be aware of the impact of breaking messages.
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Odaily and 1 source
Barclays: The prediction market is threatening other speculative investment vehicles, and Gen Z is keen on gambling investment
Odaily Planet Daily News Barclays analysts pointed out that the prediction market is threatening other speculative investment vehicles and is already a fierce competitor to leveraged ETPs. Data shows that since the 2024 U.S. presidential election, the monthly notional trading volume of prediction platforms has continued to grow, with Kalshi and Polymarket exceeding $24 billion in nominal trading volume in April, almost comparable to the size of the "call oversubscription strategy" of indices and individual stocks, compared with only $5 billion a year ago.
According to the analysis, the prediction market boom is not driven by the AI bubble, but comes from the virality of the younger generation, and nearly one-third of Gen Z and the next generation of millennials are investing in or considering participating in prediction markets and sports games. However, at this stage, the prediction market is still difficult to compete with the retail flagship product 0DTE, which had a total trading volume of $57 trillion in March this year. （CNBC）
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ChainCatcher and 1 source
The urhomie.eth address bought Punk #9233 at 32.5 ETH
ChainCatcher news, according to on-chain data, Punk #9233 was sold at a price of 32.5 ETH (approximately $72,245), which was sold by 0xe884... 0db7(urhomie.eth) from 0x2a19... 8C65 (ats.eth).
The Multicoin Capital address transferred 286,000 AAVE to Coinbase Prime, worth $26.68 million
Odaily Planet Daily News According to on-chain analyst Ember monitoring, just now, the Multicoin Capital address (0x7915... D759) transferred 98,000 AAVE withdrawn from multiple exchanges 5 hours ago and the remaining 188,000 AAVE from the address, a total of 286,000 AAVE, to Coinbase Prime, worth $26.68 million.
The total single-day net inflow of the U.S. XRP spot ETF was $10.8661 million
According to SoSoValue data, the XRP spot ETF had a total net inflow of $10.8661 million in a single day yesterday (May 15, Eastern Time).
The XRP spot ETF with the largest net inflow yesterday was the Bitwise XRP ETF (XRP), with a single-day net inflow of $6.8953 million, and the current historical total net inflow reaches $460 million.
This is followed by the Grayscale XRP Trust ETF (GXRP), with a single-day net inflow of $1.6677 million, and the current historical total net inflow reaches $129 million.
As of press time, the total net asset value of the XRP spot ETF was $1.184 billion, the XRP net asset ratio was 1.33%, and the cumulative net inflow in history had reached $1.385 billion.
Federal Reserve: Powell will temporarily serve as "interim chairman" before Walsh officially takes office
The Federal Reserve issued a statement saying that before Kevin Walsh was officially sworn in as chairman of the Federal Reserve, current chairman Jerome Powell will temporarily serve as "interim chairman". Powell's term as chairman expires this Friday. (Jin Shi)
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ChainCatcher and 1 source
Data: 4 wallets withdrew more than 89,026 ETH from FalconX and Kraken, worth nearly $197.85 million
ChainCatcher news, according to Onchain Lens monitoring, 4 wallets withdrew 89,026 ETH from FalconX and Kraken, worth $197.85 million.
Israeli official: Israel is preparing to resume military operations against Iran
On the evening of the 15th local time, a senior Israeli official said that Israel is preparing to resume its military operations against Iran, which may "last for days or even weeks." "Americans understand that there is no progress in negotiations with Iran," the official said. "We are preparing for a battle that will last days or even weeks and await President Trump's final decision," he added. We will know more in the next 24 hours". (CCTV News)
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ChainCatcher and 2 sources
Jito will launch JTX, a consumer trading app, from the Solana infrastructure to the foreground
According to ChainCatcher news, Lucas Bruder, co-founder and CEO of Jito Labs, said that the crypto market is entering a "new phase": more and more on-chain users no longer see themselves as "crypto traders", but just ordinary traders who want to trade various assets.
Jito Labs plans to launch JTX, a trading terminal for "professional retail investors" this summer, supporting spot, futures, and prediction market trading. This means that Jito will further extend from Solana's underlying infrastructure to consumer products.
Bruder believes that Solana has proven its ability to host large-scale trading activity after the 2024 memecoin market and attract new users with its low cost and high speed. He also said that as Wall Street assets gradually go on-chain, Solana is expected to become an entry point for more mainstream traders to enter the on-chain market.
The three major indexes of U.S. stocks closed down across the board, with technology stocks pulling back significantly
ChainCatcher news, according to Gate market data, U.S. stocks closed, with the Dow Jones Industrial Average closing down 1.07%, the S&P 500 closing down 1.24%, and the Nasdaq Composite closing down 1.54%. Technology stocks generally fell, with Micron Technology down 6.62%, Intel down 6.18%, Nvidia down 4.42%, and Tesla down 4.75%.
Catcher Predict：“Aston Villa FC 对阵利物浦 FC” “Aston Villa FC” 胜率飙升 23%
According to Catcher Predict, the "yes" win rate of the submarket "Aston Villa FC" fluctuated sharply from 34.5% 1 hour ago to 57.5% (volatility of 23%) in the "Aston Villa FC vs Liverpool FC" event on the prediction market Polymarket. Please be aware of the impact of breaking messages.
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TechFlow and 1 source
An ETH long man held a position of $186 million and now has a floating loss of $2.9 million
According to TechFlow news, on May 16, according to the monitoring of on-chain analyst Aunt Ai (@ai_9684xtpa), a "iron-headed multi-army" has been long 80,000 ETH at an average price of about $2,265 at two addresses since April 30, with a market value of $186 million, and has never reduced his position during this period. As BTC fell below $80,000, the position returned to the loss range, with a current floating loss of about $2.9 million; At the market high on May 11, the position once exceeded $8 million.
FTX victims sued law firm Fenwick & West for $525 million
TechFlow news, on May 16, according to Bloomberg Law, a group of victims who lost their life savings in the collapse of the FTX exchange filed a lawsuit against Silicon Valley law firm Fenwick & West LLP on May 14, claiming $525 million. The plaintiffs allege that the firm, as FTX's main outside counsel for many years, assisted in the establishment of a shell company and implemented communications controls to cover up relevant evidence, knowing that FTX violated fiduciary duties and misappropriated billions of dollars in customer assets. FTX founder Sam Bankman-Fried has been arrested and convicted of seven counts of fraud and money laundering after the exchange collapsed in 2022 and sentenced to 25 years in prison.
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TechFlow and 2 sources
Multicoin Capital transferred 150,000 AAVE to cause the price to drop by 7%, and then Galaxy Digital bought back 98,000 at a low price
According to TechFlow news, on May 16, according to on-chain analyst Ember (@EmberCN), Multicoin Capital transferred 150,000 AAVE (approximately US$14.91 million) to Binance, OKX, Coinbase, Bybit and other CEXs through Galaxy Digital and BitGo yesterday morning, and then the price of AAVE fell by about 7% from $99 to $92. Since then, Galaxy Digital has withdrawn another 98,000 AAVE (approximately $9.08 million) from the above exchange and transferred it back to the Multicoin Capital address, and the price of AAVE has rebounded slightly to $93.
Lombard is gradually abandoning LayerZero and plans to move $1 billion in BTC collateral assets to Chainlink
With the theft of $292 million in Kelp DAO's LayerZero bridge, cross-chain infrastructure security has once again attracted attention, DeFi protocols Kelp DAO, Solv Protocol, Re, and crypto exchange Kraken have all taken similar migration measures, with a total value of about $4 billion in this wave of outflows.
Decentralized finance protocol Lombard has become the latest project to join the migration wave, announcing that it will phase out LayerZero and move more than $1 billion in Bitcoin-collateralized assets into Chainlink's Cross-Chain Interoperability Protocol (CCIP). Bitcoin-related tokens issued by Lombard include LBTC and BTC.b. It is reported that the first batch of Lombard migrated assets cover Solana, Etherlink, Berachain, Corn and TAC chains, and the use of LayerZero on Morph and Swell will also be terminated. As of now, LayerZero has not responded to a request for comment. （CoinDesk）
Several protocols abandoned LayerZero after the KelpDAO attack, and $4 billion in assets have been migrated to Chainlink CCIP
ChainCatcher reported that after the attack on KelpDAO caused a loss of $292 million, the industry's scrutiny of the security of cross-chain infrastructure continues to heat up, and about $4 billion in assets have completed or are migrating from LayerZero to Chainlink's cross-chain interoperability protocol (CCIP). DeFi protocol Lombard is the latest project to join this migration wave. The protocol announced the deprecation of LayerZero and the migration of more than $1 billion in Bitcoin-backed assets to Chainlink CCIP, saying the move stemmed from a comprehensive review of internal security following the April attack.
Lombard issued two Bitcoin-backed tokens, LBTC and BTC.b, which will prioritize asset migration on chains such as Solana, Etherlink, Berachain, Corn, and TAC, while terminating the use of LayerZero on Morph and Swell. Lombard said CCIP was chosen because of its independent node operators, built-in rate limiting mechanisms, and audited infrastructure. In addition, the protocol will also adopt Chainlink's cross-chain token standard to achieve cross-chain asset circulation through a burn-and-mint model.
Previously, Kelp DAO, Solv Protocol, Re, and crypto trading platform Kraken have all completed similar migrations, with a total of approximately $4 billion in asset transfers. Johann Eid, Chief Commercial Officer at Chainlink Labs, said, "We are witnessing an ongoing wave of safe-haven migration within the industry. ”
Hyperliquid lobbies in Washington to push the on-chain derivatives market into the U.S. regulatory framework
On May 16, the Hyperliquid Policy Committee (@hyperliquidpc) recently met with policymakers in Washington to discuss the regulatory path in the context of the legislative advancement of the Clarity Act, covering the value of Hyperliquid to American consumers, the global demand for on-chain transactions, and the fundamentals of the DeFi market. Jeff.hl said that bipartisan support for prudential regulation of cryptocurrencies was observed at the meeting and looks forward to pushing for the official onboarding of Hyperliquid by U.S. users to become a reality.
Suspected Bitmine-related addresses once again increased their holdings by 89,026 ETH, worth approximately $197.64 million
According to TechFlow news on May 16, according to on-chain analyst Ember (@EmberCN), one hour ago, 89,026 ETH (approximately US$198 million) were proposed from Kraken and FalconX to transfer to four wallet addresses suspected of belonging to the Ethereum treasury company Bitmine (BMNR).
Head of Grayscale Research: The Fed's "prolonged high interest rates" will put short-term pressure on Bitcoin
Odaily Planet Daily News Zach Pandl, head of research at Grayscale, said that US inflation has accelerated and energy prices have risen significantly, and it is expected that the new Federal Reserve Chairman Kevin Warsh will have to keep interest rates high. The market generally expects the Fed not to cut interest rates until September 2027. This "long-term high interest rate" policy has three major impacts on crypto assets:
1. "Currency depreciation transactions" are under pressure: The holding cost of non-interest-bearing assets such as Bitcoin has risen, and high real interest rates have increased the opportunity cost of holding zero-yield alternatives, putting short-term pressure on assets such as Bitcoin. However, Pandl remains bullish on Bitcoin's prospects, expecting positive regulatory developments, including the CLARITY Act, to offset some of the adverse effects.
2. Accelerated on-chain of fixed income assets: The yield of dollar-denominated fixed income products is generally higher than that of DeFi counterparts, and if crypto investors obtain higher returns on tokenized bonds, issuers may promote more assets on the chain and promote the digitization of fixed income.
3. Stablecoin issuer revenue growth: Stablecoin issuers like Circle hold interest-bearing assets but cannot pay interest on tokens. Rising interest rates directly boost its earnings, with Pandl expecting Circle's revenue to increase by about $190 million for every 25 basis point increase in short-term interest rates.
Zach Pandl concluded that prolonged high interest rates will create headwinds for debased transactions, while driving the tokenization of fixed income assets and benefiting stablecoin issuer earnings.
