Binance adjusts multi-currency contract leverage, Bitcoin market share rises for 9 consecutive weeks

Headlines

▌Binance adjusts leverage and margin levels for multi-currency contracts

According to the official announcement, Binance will adjust the leverage and margin levels of 10 USDⓈ-M perpetual contracts including SXPUSDT and EGLDUSDT at 06:30 (UTC) on May 9, 2025, and adjust the parameters of 8 contracts including 1000RATSUSDT and VANAUSDT at 07:30 (UTC). Existing positions will be affected, and users are advised to adjust their strategies in advance.

▌Bitcoin's market share rose to 64.85%, having risen for 9 consecutive weeks

According to TradingView data, Bitcoin's market share (BTC.D) rose to 64.85%, having risen for 9 consecutive weeks and has returned to the level of mid-January.

Market

As of press time, according to Coingecko data:

BTC's latest transaction price is 93,884.05 US dollars, with a daily increase or decrease of -2.4%;

ETH's latest transaction price is 1,789.96 US dollars, with a daily increase or decrease of -2.9%;

BNB's latest transaction price is 584.84 US dollars, with a daily increase or decrease of -- 0);">2.5%；

SOL's latest transaction price is 143.73 US dollars, with a daily increase or decrease of -2.7%；

DOGE's latest transaction price is 0.1697 US dollars, with a daily increase or decrease of -3.9%；

XPR's latest transaction price is 2.14 US dollars, with a daily increase or decrease of -3.0%.

Policy

▌Kim Moon-soo, presidential candidate of South Korea's ruling party: Hope to allow the National Pension Fund to invest in Bitcoin

According to multiple sources, Kim Moon-soo, presidential candidate of South Korea's ruling People's Power Party and former Minister of Labor, recently expressed his hope that the National Pension Fund of South Korea will be allowed to invest in Bitcoin. In his campaign policy, Kim Moon-soo proposed plans to allow the National Pension Service and Korea Investment Corporation to invest in digital assets. This move is one of the cryptocurrency-related policies launched by South Korea's ruling party before the upcoming presidential election on June 3.

▌South Korea Financial Services Commission: Non-profit organizations and exchanges can sell virtual assets under specific rules from June

The Financial Services Commission (FSC) of South Korea recently announced that it has finalized the draft guidelines, which will allow domestic non-profit companies and virtual asset exchanges (exchanges) to sell their virtual assets under specific rules starting from June 2025. According to the new regulations, eligible non-profit organizations (such as those that need to undergo external audits and set up internal donation review committees) can sell virtual asset donations received (required to be redeemed immediately and only for mainstream assets), and transactions must be conducted through domestic won exchange accounts. Registered virtual asset exchanges are allowed to sell some of their own virtual assets (limited to the top 20 mainstream assets by market value) to pay for operating expenses, but there is a daily sales limit and sales through their own trading platforms are prohibited. At the same time, the FSC plans to establish customer verification measures for virtual asset transactions between non-profit organizations and exchanges by the end of May, and is revising the best practice rules for trading support (currency listing) to prevent market manipulation (such as "currency listing pull") and deal with the market instability risks brought by "zombie coins" and "meme coins". In addition, it is planned to allow the issuance of real-name accounts to listed companies and registered professional investors in the second half of the year.

▌Indonesia suspends Worldcoin and WorldID related services due to illegal operations

The Indonesian Ministry of Communications and Digital (Komdigi) recently announced that it has temporarily revoked the Electronic System Operator Registration Certificate (TDPSE) related to Worldcoin and WorldID services. Officials pointed out that this decision was based on the preliminary investigation that the relevant services were suspected of violating Indonesian electronic system regulations. The investigation revealed that the allegedly operating company, PT. Terang Bulan Abadi, was not registered as an electronic system operator (PSE) as required and did not hold the required TDPSE certificate; it was also found that Worldcoin-related services were actually operated using the registration certificate of another legal entity, PT. Sandina Abadi Nusantara. The Ministry of Communications and Digital said it plans to summon personnel from the two companies to further investigate and handle the violation.

▌Canary Capital's Litecoin ETF is about to receive a SEC decision, and analysts expect a delay

According to Cointelegraph, Bloomberg analyst James Seyffart pointed out that Canary Capital's Litecoin ETF application will receive a decision from the U.S. Securities and Exchange Commission (SEC) on May 5. Unlike other cryptocurrency ETF applications, this application has not previously undergone an extended review, which has sparked speculation in the market that it may be approved in advance.

Blockchain Applications

▌Solana fixes a zero-day vulnerability that may have caused some tokens to be issued or stolen indefinitely

The Solana Foundation announced that a serious "zero-day" vulnerability affecting the confidential transmission function on its network has been successfully fixed. The vulnerability was discovered on April 16, and the foundation immediately secretly organized validators to coordinate network updates and completed the repair work within two days. This vulnerability involves the ZK proof system used to verify the confidential transmission of Token-2022 standard tokens. If exploited, an attacker could theoretically forge specific tokens infinitely by forging proofs, or steal these tokens from user accounts. The Solana Foundation said that the vulnerability was not disclosed until the repair was completed to ensure safety. There is currently no evidence that the vulnerability has been actually exploited, and all user funds are safe. It also pointed out that although the confidential transmission function has been online for some time, the current adoption rate is not high.

Cryptocurrency

▌Ethereum's historical return rate in May: 6 times closed up and 3 times closed down since 2016, with an average return rate of 27.39%

On May 5, according to Coinglass data, in the 9 May rallies in Ethereum's history since 2016, 6 times closed up and 3 times closed down. The largest increase occurred in May 2017, when the monthly increase reached 161.43%. The largest decline occurred in May 2022, when the monthly decline reached 28.85%. Since 2016, the average return rate of Ethereum's May market is 27.39%, and the median is 7.09%.

▌Coinbase launches new Bitcoin ads

According to Watcher.Guru, Coinbase launches new Bitcoin ads.

▌This week's on-chain capital flows: Unichain net inflow of $68.6 million, Ethereum net outflow of $122 million

According to Artemis data, Unichain had a net inflow of $68.6 million and Arbitrum had a net inflow of $58.4 million this week; Ethereum had a net outflow of $122 million and OPMainnet had a net outflow of $35.6 million.

▌Bitfarms: Focus on developing US energy and HPC infrastructure rather than expanding the scale of mining machines

Cryptocurrency mining company Bitfarms (NASDAQ/TSX: BITF) released its April operating report. The company announced that it had reached a financing agreement with Macquarie Group for up to US$300 million, and the funds will be used exclusively for the construction of a high-performance computing (HPC) data center at Panther Creek. In April, the company mined a total of 268 bitcoins, and the operating computing power remained at 19.5 EH/s. As of the end of April, the company held 1,005 bitcoins, which was worth approximately US$94 million at the time of US$94,000 per bitcoin. CEO Ben Gagnon said that the company will focus on developing US energy and HPC infrastructure rather than expanding the scale of mining machines in order to create sustained shareholder value.

▌Trump: I want cryptocurrency, because if we don’t, China will

According to Cointelegraph, Trump: "I want cryptocurrency, I think cryptocurrency is important, because if we don’t, China will."

Important Economic Dynamics

▌Trump reiterated that the Federal Reserve should lower interest rates

US President Trump reiterated that the Federal Reserve should lower interest rates. Trump said that small businesses in the United States do not need any relief.

Golden Encyclopedia

▌What is an address poisoning attack

In the cryptocurrency world, hostile behavior by attackers to influence or deceive consumers by tampering with cryptocurrency addresses is called an address poisoning attack. On the blockchain network, these addresses consisting of different alphanumeric strings are the source or destination of transactions. These attacks use various methods to undermine the integrity and security of crypto wallets and transactions.

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.