Bitcoin's Q1 mining revenue decreased by 41% year-on-year, with net profit soaring due to derivative gains

According to Onchain Lens monitoring, a whale address deposited $1.7 million USDC into the HyperLiquid platform and opened a SOL short position with 20 times leverage.

Odaily Planet Daily reported that according to the monitoring of On Chain Lens, a whale deposited 1.7 million USDC into Hyperliquid and opened a SOL short position with 20 times leverage.

JUST IN: 🇺🇸 President Trump's Executive Director of Digital Assets says crypto "is the next generation of finance."

Odaily Daily reported that the "Crypto Commission" established by Trump failed to exert its expected influence in the first crucial vote of Congress, leading to doubts about the abilities of White House crypto and AI czar David Sacks and executive director of the Digital Asset Advisory Committee Bo Hines. The committee aims to promote cryptocurrency related legislation, but failed to make a breakthrough in the recent vote on a bill on stablecoin regulation. Analysts point out that the committee's low-key operation and lack of clear policy direction make it difficult to gain sufficient support within Congress. In addition, the involvement of Trump himself and his family in cryptocurrency projects such as Trump Token and World Liberty Financial has raised concerns about ethical and conflicting interests, further weakening the credibility of the committee. Democratic lawmakers have expressed concern about these potential conflicts of interest, believing that they may affect the fairness of relevant legislation. At present, Trump's "Crypto Commission" faces a dual challenge of reshaping its image and enhancing its influence. (New York Post)

On May 16th, according to Bloomberg, Fifth Third Bancorp, headquartered in Nashville, Tennessee, USA, began building partnerships with cryptocurrency companies about five years ago but has not made significant investments until the regulatory environment became clearer. According to the strategic director of the bank, the time has now come. Ben Hoffman, Chief Strategy Officer of 5-3 Bank, stated that the bank is considering how to further expand its cryptocurrency business after establishing a small customer base that uses the bank's deposit accounts and payment capabilities. These customers use the bank's services to handle operational affairs such as salary payments and income receipts. It is reported that Bank of the Ohio Valley, formerly known as Bank of the Ohio Valley, was founded in 1858 in Cincinnati, Ohio. In 1871, Ohio Valley Bank was acquired by the Third National Bank of the United States. In the early 20th century, the Third National Bank merged with the Fifth National Bank, and the merged bank was renamed Fifth Third Bank.