A trader spent $3 million to buy WATCHCOIN, resulting in a loss of approximately $1.28 million

According to PRO data, Binance BTC's major players have balanced their positions and completed two huge orders with a total amount exceeding 44 million US dollars, totaling 96.53 million US dollars, with an average selling price of $104091. At present, the BTC 45 minute cycle price is returning to the EMA52 moving average, and there is a commission order worth $46.22 million that is less than 0.4% away from the current price. The short-term direction may change, and the specific main betting point can be obtained by setting the "Main Large Order Tracking" indicator. The data is for reference only and does not constitute any investment advice!

The Federal Reserve Bank of New York and the Bank for International Settlements (BIS) have jointly released a research report called "Project Pine" to test the feasibility of using smart contracts to implement monetary policy in tokenized financial markets. The Project Pine research report shows that the New York Federal Reserve Innovation Center and the BIS Innovation Hub have jointly developed a prototype of a central bank monetary policy implementation toolkit based on smart contracts. This toolkit supports operations such as interest rate payments, asset purchases, and mortgage management, and has been tested in 10 historical simulation scenarios, including market turbulence and liquidity tightening. The report points out that smart contracts have the ability to quickly deploy and adjust monetary policy tools, providing flexibility and efficiency for future central bank policy implementation in tokenized financial systems. However, it also emphasizes the need to pay attention to interoperability, data standards, and potential operational risks.

The current price of ETH is $2622.55, with a 3.72% increase in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 24 hours was 273 million US dollars, with the main liquidation being multiple orders and ETH liquidation being 72.17 million US dollars (26.42%). The data is for reference only.

BlockBeats News: On May 16th, the Wormhole Foundation announced that Arian Motamenzadeh has officially become the new Managing Director of the foundation, focusing on protocol fee conversion and related protocol revenue, as well as promoting the adoption of Wormhole on the institutional end. Arian Motamenzadeh has over ten years of experience in startup leadership, market entry strategy, and expanding profitability. He has built businesses from scratch at world-class companies such as DoorDash and EasyPark, with annual recurring revenue (ARR) exceeding $350 million, and led these companies to achieve billions of dollars in IPOs and exits.

The Economist, an international current affairs weekly, recently published an article stating that the cryptocurrency industry has become deeply involved in US politics, with several cabinet officials and the Trump family holding huge digital assets, and TRUMP tokens being used for fundraising and lobbying. Companies such as Fr8Tech exchange tokens for opportunities to interact with the president. The article criticizes the industry for deviating from its original intention of decentralization and becoming a tool for rent-seeking, calling it the "ultimate swamp asset". In contrast, the European Union, Singapore and other places are promoting regulatory clarity while avoiding conflicts of interest. Note: 'Ultimate Swamp Asset' is a critical expression used to describe asset types that appear to be high-tech or financial innovation, but have actually become hotbeds for rent-seeking, regulatory arbitrage, and gray trading.