According to Lookonchain monitoring, in the past 5 hours, a whale opened a long position of 1.97 million TON with 3x leverage, worth $5.39 million, with a liquidation price of $0.944.

According to Odaily Seer, an account (address: 0x492442eab586f242b53bda933fd5de859c8a3782) that lost over $2.3 million in the Polymarket prediction event for "NBA Eastern Conference Semifinals Game 2: Pistons vs. Cavaliers," purchased over $210,000 worth of bets on the Pistons to win by a 3.5-point spread against the Cavaliers. The average opening price was 51¢, resulting in a floating profit of $60,000. Game 2 of the NBA Eastern Conference Semifinals between the Pistons and Cavaliers started at 7:00 AM Beijing time today. Currently, in the second quarter, the score is 36-29, with the Pistons leading. The series is 1-0, with the Pistons holding a temporary advantage. Odaily Seer continuously monitors the prediction market, anticipating changes before they are priced in.

Wall Street's most speculative options binge in history is sending mixed signals to crypto markets. The surge in bullish S&P 500 bets is lifting Bitcoin — but the same frenzied momentum that's driving stocks higher could trigger a sharp reversal across all risk assets.Key takeawaysRecord S&P 500 call options volume — $2.6 trillion in a single day — signals an unprecedented surge in speculative risk appetite on Wall Street.Bitcoin benefits directly: its positive correlation with U.S. equities means a rising stock market has already helped lift BTC from under $70,000 to $80,000 since early April.The same speculative frenzy is a warning sign. Overcrowded bullish positioning leaves all risk assets — including crypto — exposed to sharp, sudden reversals.What happened: a record-breaking day for S&P 500 call optionsOn Wednesday, U.S. equity derivative exchanges recorded a single-day notional volume of $2.6 trillion in S&P 500 call options, according to data tracked by Zero Hedge. That figure accounted for 60% of all S&P 500 options activity — meaning bullish bets overwhelmingly dominated the market.To put the scale in perspective: $2.6 trillion nearly matches the entire crypto market's combined capitalization of $2.73 trillion — the aggregate value of thousands of cryptocurrencies, with Bitcoin accounting for the largest share. In a single trading session, Wall Street placed directional bets roughly equivalent to the worth of all digital assets on earth.A call option gives a trader the right to buy the index above a specified price before expiration — in simple terms, it's a bet that stocks will go up. The sheer scale and one-sided nature of Wednesday's activity suggests the market is not just optimistic; it is aggressively chasing upside.Why this matters for Bitcoin: the S&P 500–BTC correlationBitcoin doesn't operate in a vacuum. Over the past several years, analysts have repeatedly documented a positive correlation between BTC and U.S. equity indices — when stocks rise, crypto tends to follow, and vice versa.That dynamic has been on full display recently. Double-digit gains in the S&P 500 and Nasdaq since early April directly contributed to Bitcoin's rally from under $70,000 to above $80,000 over the same period.QCP Capital on BTC breaking $80,000: "After a solid April, BTC has begun May on firm footing, breaking above $80k for the first time since January 31. The move appears aligned with equities, reinforcing a broader trend as BTC's correlation with U.S. stocks climbs back toward 2023 levels, signaling a renewed linkage with risk assets broadly."In this context, a speculative surge in the S&P 500 driven by record call options volume is, on the surface, a bullish signal for Bitcoin. More risk appetite on Wall Street historically means more capital flowing into high-beta assets — and few assets are higher beta than cryptocurrency.The bullish case vs. the hidden riskBullish for BitcoinRecord speculative appetite in equities historically spills over into crypto. BTC's rising correlation with U.S. stocks means continued stock market strength could push prices higher.Risk to watchOvercrowded bullish positioning is a classic contrarian warning sign. A sudden stall in equity momentum could trigger forced selling across stocks and crypto simultaneously. Signs of speculative excess: what analysts are warningThe record call options volume has not gone unnoticed. Across financial social media, traders and analysts flagged Wednesday's activity as a sign of an overcrowded trade. When market positioning becomes too one-sided — in this case, overwhelmingly bullish — the market grows increasingly fragile. Any stall in upward momentum can trigger a rapid unwind as traders rush to exit simultaneously.Goldman Sachs analysts were cited in multiple media reports describing current market conditions as a "semi-irrational chasing mode" — widely interpreted as a reference to the semiconductor-driven surge powering the Nasdaq higher.Semiconductor stocks are at the center of this dynamic. The bullish momentum in the Nasdaq-listed PHLX Semiconductor Sector index (SOX), as measured by the 14-week relative strength index (RSI), has reached its strongest level since 1999 — the height of the dot-com bubble — according to TradingView data. That's a historically significant warning signal about the sustainability of the current rally.What it means for Bitcoin investorsFor Bitcoin holders and traders, the current environment is a double-edged sword. The same speculative energy that has helped push BTC above $80,000 is concentrated in equity markets in a way that has historically preceded sharp corrections. If the S&P 500 call options frenzy unwinds — whether due to disappointing earnings, macro data, or simple exhaustion — the resulting volatility in stocks is likely to hit crypto markets hard given the strengthening correlation.The near-term outlook therefore hinges on whether Wall Street's risk appetite can sustain itself at current extremes — or whether the record options binge marks the peak of the current speculative cycle.

European Central Bank President Christine Lagarde stated that the shocks in fossil fuel prices have a direct impact on inflation. According to Jin10, she emphasized that retail energy prices are immediately transmitted, affecting the overall inflation rate.

Nvidia's market capitalization has reached $5.05 trillion, surpassing India's $5 trillion stock market valuation on Thursday. According to NS3.AI, Nvidia's market cap has grown significantly over the past five years, increasing from $1.01 trillion to $5.05 trillion.

Reyad Salahaldeen and Mohamad Mustafa have been sentenced for their involvement in a fraudulent genetic testing and kickback scheme, according to the Department of Justice (DOJ). The scheme involved submitting over $522 million in claims to Medicare, Medicaid, and private insurers. Insurers paid $84 million on claims billed through four laboratories connected to the fraudulent activities.

The U.S. reported a 2.8% increase in wholesale sales for March, surpassing the anticipated 1.6%, according to Jin10. The previous figure was revised from 2.70% to 2.6%.

The preliminary reading for the University of Michigan's Current Conditions Index in May was reported at 47.8, according to Jin10. This figure fell below the expected value of 52 and the previous reading of 52.5.

The University of Michigan's preliminary consumer sentiment index for May was reported at 48.2, falling short of the expected 49.5 and down from the previous reading of 49.8. According to Jin10, this decline indicates a decrease in consumer confidence compared to earlier projections and previous months.

The preliminary estimate for the U.S. one-year inflation rate in May stands at 4.5%, according to Jin10. This figure is lower than the anticipated 4.8% and the previous value of 4.7%.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on AI, DeFi, DAO, NFT, and the metaverse.

Musk, who has always denounced Anthropic as "anti-human" and "evil" and claimed that it "hates Western civilization," suddenly announced a major computing power collaboration with this former arch-rival.

The bell for the largest IPO in history has not yet truly rung, but the capital market is already stirring.

After eight years of bull and bear markets, the crypto revolution hasn't followed the expected script. Fiat currency still exists, intermediaries still exist, but every bubble and liquidation brings a new underlying financial system one step closer to us.

The six-layer model of stablecoin payment infrastructure includes licensing and regulation, customer onboarding, custody and wallets, fiat currency deposits and stablecoin receipts, distribution and payment, and exchange (fiat currency-stablecoin swaps).

Hedge fund manager Jones asserted that incoming Federal Reserve Chairman Warsh would not cut interest rates.

Since the late 19th century, the United States has gone from "profiting from disasters" to actively provoking and participating in numerous wars. In most cases, the US stock market has surged. Notably, during the war in Afghanistan, which spanned the 2008 financial crisis, the Dow Jones Industrial Average nearly doubled.

What exactly caused Saylor to completely change his stance on Bitcoin? And who would still believe him now?

A former Taiwanese news anchor has been accused of taking cryptocurrency from a suspected foreign agent to produce politically influenced news content and scripts. He is also alleged to have helped bribe military personnel to leak classified information in exchange for crypto payments, leading to multiple espionage-related charges.

Donald Trump Jr. and Zach Witkoff publicly pushed back against rumors that the Trump family had quietly distanced itself from World Liberty Financial, as the company faces mounting legal and political pressure tied to its expanding crypto ambitions.