A whale transferred 10 million USDC to the exchange. Vance will attend the Bitcoin Conference

Headlines

▌A whale transferred 10 million USDC to HyperLiquid and shorted BTC, SOL and ETH at 5x leverage

According to Onchain Lens monitoring, a whale deposited 10 million USDC into HyperLiquid and opened short positions on BTC, SOL and ETH with 5x leverage.

▌US Vice President Vance will deliver a speech at the Bitcoin 2025 Conference

According to an article published by Bitcoin Magazine, US Vice President Vance will deliver a speech at the Bitcoin 2025 Conference.

Market

As of press time, according to Coingecko data:

BTC's latest transaction price is $102,997, with a daily increase or decrease of +0.1%;

ETH's latest transaction price is $2,338.20, with a daily increase or decrease of +6.4%;

BNB's latest transaction price is $672.24, with a daily increase or decrease of +7.6%；

SOL's latest transaction price is 171.87 US dollars, with a daily increase or decrease of +5.3%；

DOGE's latest transaction price is 0.2054 US dollars, with a daily increase or decrease of +5.0%；

XPR's latest transaction price is 2.35 US dollars, with a daily increase or decrease of +1.9%。

Policy

▌BlackRock meets with the US SEC to discuss crypto ETF pledge and option trading issues

BlackRock representatives met with the US Securities and Exchange Commission (SEC) Crypto Task Force to discuss "relevant considerations for facilitating ETPs with pledge capabilities" and explored "parameters for position and exercise restrictions for crypto ETF options, including liquidity thresholds." The memorandum states that the theme of the meeting is "approaches to addressing issues related to crypto asset regulation." Robert Mitchnick, head of digital assets at BlackRock, also attended the meeting. The document also mentioned that BlackRock also discussed general standards for approving crypto ETFs. Earlier, according to market news, BlackRock plans to participate in the US Securities and Exchange Commission's Crypto Working Group Roundtable on May 12.

▌BlackRock updates Ethereum ETF application, includes "physical redemption" and quantum computing risk disclosure

Analyst James Seyffart said that BlackRock has just submitted a revised S-1 document for its Ethereum spot ETF, $ETHA, with the main change being the addition of the statement "physical creation/redemption is allowed after obtaining SEC approval." He and his peer Eric Balchunas both expect the SEC to approve the mechanism at some point this year. In addition, he pointed out that this is the first Ethereum ETF application to propose a physical redemption mechanism, and the final approval deadline is approximately October 11, 2025. He also mentioned that BlackRock's Bitcoin ETF $IBIT has also submitted a revised document, which included similar physical redemption language as early as February, and this time added a description of "quantum computing risks" as part of the standard risk disclosure. He stressed: "These are just basic risk disclosures. They will list any potential issues... This is completely in line with the regulations and completely reasonable."

Blockchain Applications

▌Optimism: Activated Isthmus Hard Fork, Introduced Ethereum Pectra Upgrade to Superchain

On May 10, Optimism issued a statement saying that it successfully activated the Isthmus hard fork today, introducing key features in the Ethereum Pectra upgrade to OP Stack and Superchain. This upgrade was only two days after Pectra went live on the Ethereum mainnet. Superchain is the first L2 ecosystem to support Pectra upgrades. This upgrade covers Base, Ink, OP Mainnet, Soneium, Unichain and several other OP Stack chains.

▌ConsenSys says Ethereum's new staking cap does not hinder decentralization, paving the way for institutional participation

ConsenSys research director Mallesh Pai said that the Ethereum Pectra upgrade "does not pose a threat to decentralization" and the upgrade only cleans up "a lot of complicated work done by the network behind the scenes." He emphasized that "rewards continue to be proportional to the number of ETH staked," that is, "large validators will not gain more advantages as a result." The upgrade raised the staking cap for a single validator from 32 ETH to 2048 ETH, raising concerns about decentralization. Pai pointed out that many technical validators "are not really independent" and that the keys can be integrated after the upgrade, "we have seen this happen," and "ideally, the number of validators will drop to about 30,000." The vice president of institutional business at P2P.org said the new cap "makes institutional staking easier to integrate and less risky."

Cryptocurrency

▌Resolv Foundation: All airdrop tokens in the first quarter will be distributed to users

On May 10, the Resolv Foundation stated on the social platform that the team is actively monitoring the airdrop registration dynamics and ensuring that the registration time is sufficient. The first quarter airdrop tokens, accounting for 10% of the total supply, will be fully distributed to users, and unclaimed tokens will enter the second quarter and reward users who actively participate in RESOLV staking. The team and investors did not unlock the tokens at the TGE, and cannot stake the unlocked tokens.

▌Coinbase considered following Michael Saylor's example and buying a large amount of Bitcoin, but eventually gave up due to risks

Coinbase CEO Brian Armstrong said in a video conversation on the X platform: "Over the past 12 years, we have indeed had some moments where we wondered whether we should put 80% of the funds on our balance sheet into cryptocurrencies - especially Bitcoin." However, the company ultimately believed that "this approach was too risky" and did not adopt the aggressive Bitcoin purchase strategy promoted by Michael Saylor.

▌TRUMP: Trump will announce the next stage of TRUMP tokens on the day of the dinner

TRUMP officials posted on social media that US President Trump will announce the next stage of TRUMP tokens on the day of the dinner on May 22.

▌A whale deposited 20.18 million USDT to Bybit and withdrew 9,023.5 ETH in the past two days

According to Onchain Lens, in the past two days, a whale deposited 20.18 million USDT to Bybit and withdrew 9,023.5 ETH at a price of $2,237. Currently, the whale holds 11,739 ETH and 9.38 million USDT worth $27.57 million.

Important Economic Dynamics

▌Goldman Sachs: US stocks may fall by about 20% due to "recession risk"

Goldman Sachs said that the US stock market faces a risk of nearly 20% decline, and recession is a huge risk for the stock market. In a podcast on Thursday, Goldman Sachs Chief Economist Jan Hatzius and Chief Global Equity Strategist Peter Oppenheimer appeared particularly cautious. Hatzius reiterated the expectation that "the probability of a US recession in the next 12 months is 45%", acknowledging that recent data has been mixed, with both weak soft data such as sentiment surveys and better hard data such as the latest non-farm payrolls. Goldman Sachs Chief Political Economist Alec Phillips warned that the US President's comments around the trade deal with the UK indicate that many countries will eventually face higher tariffs than before Trump's re-election.

▌Fed Musalem: No rate cuts should be promised until the impact of tariffs on inflation becomes apparent

Fed Musalem said that if the rise in inflation proves to be short-lived, expectations remain stable, and the economy weakens significantly, then rate cuts are still possible. The impact of tariffs on inflation may be short-lived, but it may also be more lasting. No rate cuts should be promised until the impact of tariffs on inflation becomes apparent. US economic activity has slowed and sentiment has declined.

▌The US dollar index fell 0.3% on the 9th

The US dollar index, which measures the US dollar against major currencies, fell 0.3% on the day and closed at 100.338 at the end of the foreign exchange market.

Golden Encyclopedia

▌What is General Artificial Intelligence

Unlike narrow artificial intelligence (ANI), which uses artificial intelligence to solve a single problem, general artificial intelligence (AGI) refers to artificial intelligence that can understand, learn, and apply knowledge in a way that is indistinguishable from human cognition. AGI is still in the theoretical stage, but the prospect of artificial intelligence being able to fully replace human input and judgment has naturally attracted widespread attention, and researchers, technical experts, and scholars are working hard to turn the concept of AGI into reality.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish a correct investment philosophy and be sure to raise your risk awareness.