The Layer 1 blockchain Pharos, founded by former Ant Financial executives and others, has launched a testing network

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!

Odaily Planet Daily News: In the first quarter, the ARK investment fund led by "Wooden Sister" had a total market value of 9.9 billion US dollars, with the top ten holdings accounting for 48.49% of the total market value. The holding strategy of "Wooden Sister" in the first quarter showed a positive layout in emerging technology and biotechnology fields, while adjusting and optimizing some of its holdings. In the first quarter, ARK increased its holdings in AI (Palantir, UiPath), blockchain (Coinbase, Bitcoin ETF), and biotechnology (CRISPR, Teladoc), while reducing its holdings in Tesla (intensifying competition) and Zoom (slowing growth). Although Tesla remains the largest shareholder, accounting for 8.45% of the investment portfolio, its holdings decreased slightly by 0.87% in the first quarter, marking the third consecutive quarter of reducing Tesla holdings. (Golden Ten)

On May 16th, according to CoinDesk, Sui Chung, CEO of cryptocurrency index provider CF Benchmarks, stated in an interview that "the recent rise in Ethereum is mainly due to short covering - traders releasing bearish positions - rather than strong long beliefs in the market In the process of short covering, short sellers will repurchase the futures contracts they previously sold. This operation will increase market demand in the short term, thereby putting upward pressure on prices. Chung pointed out that the premium (also known as basis) of CME Bitcoin futures is still at a relatively low level, which indicates that this round of rise is mainly driven by short covering. Chung added, "In more typical market situations, if traders start using leverage to establish new long positions, we usually see an increase in basis levels. This phenomenon reminds us that not all upward trends are driven by new demand, and sometimes only reflect position adjustments and risk reduction

Coinbase shares dropped 7% after disclosing a cyberattack and a resurfaced SEC probe on old user metrics.

Odaily Planet Daily News: Sui Chung, CEO of CF Benchmarks, stated that the recent price increase of Ethereum is mainly driven by short covering, rather than new long funds entering the market. He pointed out that the CME Ethereum futures premium is still at a low level, and there has been no significant inflow of funds into US listed spot Ethereum ETFs, indicating that the current rise is more due to traders closing short positions rather than the active layout of institutional investors. （CoinDesk）