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5/17
20:52
According to on-chain analyst Ai Yi's monitoring, a smart money address that initially accumulated 11,004 ETH in 2016 at an average price of $3.45, yielding a profit of $30.38 million, has purchased a total of 5,283.61 ETH on-chain over the past two days, valued at $11.48 million. The average cost is $2,172.7, with an unrealized loss of $320,000.
20:51
Svmuu News: Ethereum co-founder Vitalik Buterin responded to state storage issues on the X platform, stating that the core problem with current state proof solutions is the need to store and continuously update the data used to verify proofs, and this data will ultimately be almost as large as the entire on-chain state. Although some feasible solutions exist, they all involve numerous complex components and require varying degrees of trade-offs compared to the current Ethereum architecture.
20:48
Svmuureported that Iran has found a new bargaining chip, threatening to charge fees for undersea cables traversing the Strait of Hormuz, or else face network disruptions. Google, Microsoft, Meta, and Amazon have been specifically named. Experts warn that any such action could trigger a “cascading digital catastrophe” affecting Europe, Asia, and Africa.
The escalating tensions center on the Strait of Hormuz, a vital global energy corridor. Iran is now shifting its focus beyond traditional oil shipments to a more concealed yet equally critical infrastructure: submarine communication cables. These cables, laid across the strait and the Persian Gulf, carry the vast majority of internet and financial data traffic between Europe, Asia, and the Middle East, forming a crucial backbone of the global digital ecosystem.
Recently, Iranian authorities have sent out a series of signals, attempting to convert their geographic control over these waters into new economic and strategic leverage. Tehran is not only discussing charging multinational tech companies that use these cables but also, through official affiliated channels, hinting that data transmission could face disruption risks if relevant parties refuse to comply. (Jinshi)
20:46
According to Lookonchain monitoring, a whale's 10x leveraged HYPE short position is now showing an unrealized loss of $1.26 million, with the position currently holding approximately 375,033 HYPE, valued at $17.5 million.
20:44
Svmuu News: Jeffrey Gundlach, CEO of DoubleLine Capital LP and known as the "New Bond King," stated that investors will not see a rate cut at the Fed's next policy meeting. He bluntly said that when two-year US Treasury yields are nearly 50 basis points above the federal funds rate, a Fed rate cut is "simply not possible." He warned that next month's CPI reading is more likely to "break above 4%," adding that the speculative frenzy in the stock market harbors risks. (Jinshi)
20:37
Svmuu reported that Iran has launched a state-backed digital marine insurance platform, Hormuz Safe, which provides maritime insurance for vessels transiting the Persian Gulf and the Strait of Hormuz, settled in Bitcoin and other cryptocurrencies. The Iranian government believes that if the platform captures a significant share of the Persian Gulf shipping insurance market, it could generate over $10 billion in revenue. Hormuz Safe aims to bypass the SWIFT network and Western intermediaries, reducing reliance on traditional financial infrastructure. The platform faces challenges related to international recognition, and ship owners, trading companies, or port authorities interacting with it may risk triggering secondary sanctions. (Cryptobriefing)
20:35
According to Gate data, spot gold has fallen below $4,500 per ounce for the first time since the end of March, down 0.85% intraday.
20:32
Svmuu reported that market analyst Ali posted on platform X stating that Bitcoin is currently showing signs of "overheating." Data indicates that the average realized profit margin for traders has risen to 17%, meaning a large number of investors are in a notably profitable state, and potential profit-taking pressure is increasing. A similar situation occurred in March 2022, when Bitcoin was testing the 200-day moving average resistance level while the average profit margin also reached 17%. Subsequently, the market formed a short-term top and re-entered a downtrend. Now that this historical signal has appeared once again, it warrants high market vigilance.
20:31
Svmuu reports that Grafana, an open-source data visualization tool, posted on X platform that it recently discovered an unauthorized attacker had obtained a token capable of accessing the Grafana Labs GitHub environment, which was then used to download the company's code repository. The investigation confirmed that this incident did not involve the leakage of customer data or personal information, and no impact on customer systems or business operations was found. The company immediately initiated forensic analysis, believes it has identified the source of the credential leak, and the affected credentials have been revoked. Additional security measures have also been deployed to strengthen environmental protection.
Furthermore, Grafana disclosed that the attacker attempted to demand a ransom payment in exchange for not making the code repository public. However, the company ultimately decided to refuse the ransom demand and will release more details about the incident review after the investigation concludes.
20:29
Svmuu reported that Russian state-owned oil company Gazprom has instructed 17 of its subsidiaries to open digital ruble accounts with the Central Bank of Russia, in preparation for compliance with regulations set to take effect on September 1. According to the regulations, legal entities must be able to accept digital rubles as a means of payment for goods and services.
Russia's digital ruble has been under testing since August 2023, and as of the end of 2025, over 130 legal entity accounts have participated in the platform testing. Starting September 1, major Russian banks and large enterprises must provide digital ruble transaction capabilities to their clients. (bits.media)
20:27
Svmuureports that Dogan Ural, the official creative ambassador for xAI, has shared a concept design image for a new feature on the X platform. The screenshot suggests that in the future, users may be able to view their interaction history and a comprehensive interaction score with any account over the past 90 days, including detailed data statistics such as likes, replies, retweets, and more. According to crypto KOL AB Kuai.dong, if this feature is eventually launched, crypto project teams and exchanges could collect follower data with greater precision.
20:26
According to Svmuu, Bitcoin has recently faced significant selling pressure, and its current trend is highly correlated with the U.S. small-cap stock index. This indicates that the market still views it as a "risk asset" rather than a safe-haven tool. Meanwhile, the funding rate for Bitcoin perpetual contracts has turned negative recently, suggesting a clear lack of demand for leveraged long positions, with traders remaining cautious about short-term upside. However, from a medium-term perspective, large-scale outflows from the fixed-income market could actually be bullish for Bitcoin. With 10-year government bond yields in both the U.S. and Europe rising to multi-year highs, investors are gradually exiting the bond market, and some liquidity may flow back into risk assets, including Bitcoin, in the future. (Cointelegraph)
20:25
Svmuu: The Korea Exchange has triggered the circuit breaker mechanism for KOSPI due to a 5% drop in KOSPI 200 futures, suspending program trading for five minutes. (Jinshi)
20:24
Svmuureports that CryptoQuant analyst Axel Adler stated Bitcoin has recently attempted to breach the $82,000 level three times, but each time it has faced a pullback. During each rebound, the STH-SOPR indicator rose to around 1.0 before weakening again, indicating that short-term holders are taking advantage of the uptrend to continuously exit with profits, rather than continuing to hold positions. Currently, $82,000 is not only a key technical resistance level but also an important selling pressure zone from a market behavior perspective, having formed a strong supply zone.
20:21
Svmuu reported that, according to Onchain Lens monitoring, whale Evaded has opened 10x leveraged long positions on ZEC and HYPE. The current portfolio holds 36,875 ZEC and 87,000 HYPE, valued at $24 million.
20:20
SvmuuNews: The National Credit Union Administration (NCUA) has announced a proposed rule to establish operational and risk management standards for NCUA-supervised Payment Stablecoin Issuers (PPSI) under the framework of the GENIUS Act.
NCUA Chairman Kyle Hauptman stated that the rule aims to ensure credit unions are not disadvantaged in terms of stablecoin regulatory standards and seeks to align as closely as possible with proposed standards for bank subsidiaries.
The proposed rule is now open for public comment in the Federal Register, with the comment period ending on July 17, 2026.
20:17
Svmuu reported on Lookonchain monitoring that a BIT-related whale added to its ETH long position during the market downturn. The position now holds 120,000 ETH, valued at $254 million, with an unrealized loss of $17.5 million.
20:16
Svmuu reports that according to msx data, the South Korean stock market opened lower and continued to decline, with Samsung Electronics falling 3% and SK Hynix currently down 3.5%. The KOSPI index has plunged 4.00% today, now at 7,190.48 points.
20:15
Svmuu reported that on-chain analyst Specter stated that the hijacking incidents of investor Keith Gill, Matt Furie, and WinRAR accounts on the X platform are all linked to the same hacker organization. This organization has accumulated over $14 million in profits by hijacking accounts to promote tokens and conducting cross-chain money laundering, with funds flowing through five chains: Solana, BNB Chain, Ethereum, Tron, and Hyperliquid.
Specter claims the organization may also be connected to a $2.45 million wstETH phishing attack in 2024. The investigation found that hackers used compromised accounts to issue Pepe imitation tokens, incorporating a built-in 2% automatic fee mechanism to generate profits; related fund flows are associated with the bnbshare.fun platform and multiple Solana, Tron, and Ethereum addresses. Analysis also showed that several tokens (including USOR, VDOR, DROID, WCOR, UGOR) were used to inflate market caps before being dumped to zero.
20:11
According to msx data, U.S. stock index futures have widened their declines, with Nasdaq futures falling 1%. South Korea’s KOSPI index dropped 3.00% intraday, now standing at 7,267.97 points.

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