According to the Gate News bot, the latest market data from Gate shows that NXPC has pumped 1340.40% in the last 24 hours, with the current price at 2.8808 USDT.

Gate News bot, according to News1, South Korea's Jeju District Court has issued a verdict on a cryptocurrency theft case. A woman in her 40s was sentenced to 2 years in prison for fraud. The court found that A, in January 2024, during the period when his lover was asleep, unauthorizedly transferred approximately 683 million Korean Won (about 500,000 USD) worth of assets from her Crypto Assets wallet to his own account, while also stealing a mobile phone and cash totaling approximately 4.6 million Korean Won. A certain individual admitted to all charges in court and stated that most of the assets had been returned. The court took into account the defendant's criminal record and the amount involved when sentencing, ultimately issuing a prison sentence.

Golden Finance reports that the publicly listed Bitcoin financial service company Fold Holdings has released its financial performance report for the first quarter ending March 31, 2025, which discloses: 1. Revenue reached 7.1 million USD, a year-on-year increase of 44%; 2. Bitcoin treasury holdings: As of May 13, it has increased to 1490 BTC, worth over $150 million; 3. The total trading volume of crypto assets exceeded $250 million, a year-on-year increase of 67%.

Gate News bot reports that according to the latest market data from Gate, NXPC has risen 1334.95% in the last 24 hours, currently priced at 2.8699 USDT.

Gate News bot reports that according to the latest market data from Gate, NXPC has risen 1304.10% in the last 24 hours, currently priced at 2.8082 USDT.

Gate News bot, according to on-chain analyst @ali_charts monitoring data, in the past two months, the number of wallet addresses holding at least 1 bitcoin (BTC) on the blockchain network has decreased by 5,000.

The Omni Foundation announced a discounted buyback of 6.77 million OMNI tokens, with the buyback funds coming from seed round and Series A financing, reducing the investor holding ratio to 13.29%. The repurchased tokens will be transferred to the "Community Growth" pool, optimizing the token distribution structure, adhering to lock-up position terms, and the market price has a premium compared to the buyback price.

The Southern District Court of New York dismissed the motion for settlement between Ripple and the SEC. Ripple's Chief Legal Officer believes that the ruling will not change the final outcome of the victory. Although the initial ruling was procedural misconduct, the judge indicated that there is still an opportunity for settlement as long as both parties meet legal standards and demonstrate reasons that align with the public interest.

Gate.io Puffverse (PFVS), the first phase of Launchpad, was very popular, with a total subscription amount of more than 74 million USDT and more than 23,000 users. The event will end at 20:00 today, and Gate.io Coinbao will launch an exclusive PFVS Launchpad interest rate hike event, and participating purchasers can enjoy 100% annualized return, and the event will be held from May 16th to May 23rd.

Bitcoin price fluctuated, rebounding to $104,000 after falling to $101,000 last night, while alts generally faced a downward trend. Analysts suggest that the pullback is part of a mid-term rise trend, with short-term traders locking in profits. Market fluctuations are mainly viewed as noise, but the overall trend remains optimistic and has not yet peaked. BTC has moved away from the low interest rate period and has not yet formed a bubble, indicating potential new highs. Global financial conditions may improve in the summer due to private credit expansion and a weakening dollar.

In the past 24 hours, a total of $463 million was Get Liquidated across the network, with long orders at $360 million and short orders at $102 million. Bitcoin long orders saw $47.9 million Get Liquidated, while short orders totaled $25.0371 million. Ethereum long orders were $78.7437 million, and short orders were $32.0390 million. A total of 185,719 people were Get Liquidated globally, with the largest single liquidation occurring on Binance-BTCUSDT, valued at $4.1976 million.

Jin10 reported on May 16 that Honor will globally launch the fourth generation Qualcomm Snapdragon 7, with the first model to be equipped being the Honor 400 Standard Edition.

According to reports from Jinse Finance, KULR, a company listed on the New York Stock Exchange, has released its latest financial report, which reveals that the company has adopted a Bitcoin financial strategy this year. As of now, the total value of cash and Bitcoin holdings on its balance sheet has surpassed $100 million, with almost no debt. By the first quarter of 2025, KULR's Bitcoin holdings increased to 716 coins, achieving a Bitcoin yield of 197.5% year-to-date. Furthermore, KULR announced the launch of a blockchain-based secure Supply Chain program aimed at protecting product-related data provided to customers.

According to Lookonchain monitoring data, a total of 10 Bitcoin ETFs in the United States today had a net inflow of 2,494 BTC, of which BlackRock flowed into 2,250 BTC. In addition, 9 Ethereum ETFs saw net inflows of 27,202 ETH, with BlackRock accounting for 22,097 ETH. BlackRock currently holds 627986 BTC worth $64.19 billion and 1281114 ETH worth $3.23 billion.

Japan's first quarter GDP data shows an economic downturn, triggering a risk-averse sentiment in the market, leading to the appreciation of the yen. State Street Global Advisors pointed out that the Japanese economy faces the risk of a technical recession, but it is expected that reaching a trade agreement with the United States in the future will help alleviate the pressure.

According to the Gate.io News bot, data from Magic Eden shows that the former founder of DeGods, Frank (Wallet Address: CRVidE…74tReL), concentrated on dumping his 16 DeGods NFTs between 22:19 and 22:26 yesterday (UTC+8), with a total transaction value of 108.3 SOL. Previously, Frank had announced his retirement from the DeGods and y00ts projects. Source: Wu said

PANews reported on May 16 that according to Coinpost, Remixpoint, a company listed on the Tokyo Stock Exchange in Japan, announced the purchase of an additional 500 million yen (about 32.83 BTC) of Bitcoin, with an average purchase price of 15.23 million yen per BTC. As of May 14, the company's total crypto asset holdings reached 11.1 billion yen, of which 648.82 BTC (worth about 9.91 billion yen) were held in Bitcoin, and mainstream tokens such as ETH, SOL, XRP, and DOGE were held.

According to Gate.io News bot, The Defiant reports that the Brazilian listed company Méliuz has completed a Bitcoin purchase worth $28.4 million after receiving overwhelming approval from shareholders. Méliuz thus becomes the first company in Brazil to incorporate Bitcoin into its corporate treasury.

PANews, May 16 news, according to Money Today, a woman in her 40s from South Korea was sentenced to two years in prison by the Jeju District Court for secretly transferring her boyfriend's Crypto Assets worth 700 million KRW (500,000 USD) to her own name. In January of this year, she transferred the funds without her boyfriend's knowledge, and the court found her guilty of fraud.

Gate.io News bot message, the Anza team has launched the "Scheduler Bindings" feature for Solana's Agave validators client. This feature allows validators to customize block packaging logic without modifying the core code through a modular architecture. Data shows that currently over 90% of Solana validators are using custom schedulers such as Jito and Paladin to enhance MEV returns. However, these schedulers have issues such as lack of transparency, security risks, and operational complexity. The newly launched scheduler binding feature adopts a separate packaging logic design and provides standard rules such as "fail and discard" and "all or nothing," optimizing MEV profits while enhancing transparency, security, and operational efficiency, and supporting non-default schedulers. Source: Wu Says

Federal prosecutors in Washington D.C. have charged 13 men in connection with a widespread conspiracy involving the theft of Crypto Assets, with a total value of over $265 million being stolen. One of the defendants, Singaporean Malone Lam, is accused of lavishly spending these assets after stealing them from victims, including purchasing luxury cars, nightclubs, real estate, and watches.

Gate News bot news, according to Gate market data, the BTC_USDT price has broken through 104000 USDT, currently at 104001.4 USDT. The 24-hour increase is 0.25%.

On May 16, Jin10 reported that Tianfeng Securities' research report stated that with continuous policy dividends, securities firms are expected to ride the wave. It is recommended to follow leading securities firms with a high proportion of brokerage + margin financing business and good investment strategies and risk control in their proprietary business. At the same time, it is suggested to pay attention to internet securities firms with greater flexibility.

Japan's first quarter GDP annualized quarterly rate preliminary value recorded at -0.7%, indicating the economy has contracted for the first time, with a decline in exports and an increase in imports dragging down net trade. Consumption remains below pre-pandemic levels. This may trigger political debates over tax cuts or cash subsidies.

According to a report by Jinse Finance and monitoring data from Farside Investors, yesterday ARKB had a net outflow of $132 million, and GBTC had a net outflow of $39.1 million.

Yingxi Group plans to acquire $800 million worth of Crypto Assets and is negotiating with holders of cryptocurrencies such as Bitcoin and Trump-themed Meme coins, but has not yet reached a final agreement. The company will raise funds through a stock issuance, with the counterpart holding 8000 BTC. Yingxi Group aims to promote its Blockchain strategy by incorporating Crypto Assets into a long-term holding plan, even though its core business remains garment manufacturing and logistics services.

BlackRock's $3 billion tokenized treasury bond fund BUIDL collaborates with the Euler protocol on Avalanche to expand DeFi applications on-chain through the sToken framework. Users can collateralize sBUIDL on Euler to borrow USDC or AUSD, earning AVAX rewards and fund returns. BUIDL is the largest treasury bond fund in the world, holding $3 billion in short-term treasury bonds.

① To be determined: Hang Seng Index Company announces the results of the Hang Seng Index series review. ② 13:30: France's ILO unemployment rate for the first quarter. ③ 17:00: Eurozone adjusted trade balance for March. ④ 20:30: U.S. total housing starts for April (annualized). ⑤ 20:30: U.S. total building permits for April. ⑥ 20:30: U.S. import price index month-on-month for April. ⑦ 22:00: U.S. May one-year inflation rate expectation preliminary value. ⑧ 22:00: U.S. May University of Michigan consumer confidence index preliminary value. ⑨ Next day 01:00: U.S. total oil rigs as of the week ending May 16.

Ethereum co-founder Anthony Di Iorio stated at the Consensus 2025 conference that Ethereum is not competing with Bitcoin, but rather providing an alternative. He believes that Ethereum has the potential to surpass Bitcoin in market capitalization due to its use cases and the value it creates.

Golden Ten Data on May 16, recently, in the context of the continued decline in gold prices, gold ETF trading has been active again, and the capital data shows that it may be mainly sold. In the stock market, as the Shanghai Composite Index rose above 3,300 points, there have been obvious signs of "withdrawal" of funds recently. In the first three trading days of this week, the total net outflow of A-share ETFs exceeded 15 billion yuan, and the mainstream broad-based index ETFs were dominated by net outflows, and ETFs with large short-term gains were also "profit-taking". Fund insiders believe that short-term allocation can capture structural opportunities, focusing on the Internet technology sector and the overseas sector with outstanding competitive advantages.

According to Gate.io News bot, TheBlock reports that BlackRock's nearly $3 billion sBUIDL tokenization government bond fund has completed its first direct DeFi integration with the Euler protocol on the Avalanche network. This integration is based on the sToken framework developed by Securitize and implemented by Re7 Labs. Through this integration, sBUIDL Token gains on-chain collateral and lending functionalities. Users can borrow USDC or AUSD and earn AVAX rewards while using sBUIDL as collateral, and simultaneously receive the basic yield from the BUIDL fund.

Gate.io News bot message, the U.S. Department of Justice has brought RICO conspiracy charges against 12 defendants, involving theft of Crypto Assets, Money Laundering, and burglary, with a total amount of 263 million dollars. Investigations show that criminal gangs hack into Crypto Assets databases and conduct phone scams posing as bank or exchange staff. They convert the proceeds from the scams into cash or luxury goods through Money Laundering networks. The main suspect Malone Lam defrauded over 4,100 coins in the case, continuing criminal activities through accomplices even after being arrested. Source: Wu says

According to Gate.io News bot, Decrypt reported that the U.S. Department of Justice's legal proceedings against Tornado Cash co-founder Roman Storm are still ongoing. The Department of Justice maintains charges against Storm for conspiracy to commit Money Laundering, evading sanctions, and transmitting criminal proceeds, but has dropped some charges related to unlicensed fund transfers. In the previous lawsuit, Storm defended its development of Tornado Cash on the grounds of the First Amendment, but the court ruled that using code to implement Money Laundering is not protected by freedom of speech.

Golden Finance reported that the yield on the US 10-year Treasury bond fell 10 basis points to 4.44%.

According to ChainCatcher news and a report by CoinDesk, the decentralized trading platform infrastructure company 0x announced the acquisition of its competitor Flood. This acquisition marks 0x's first acquisition since its establishment in 2017. A spokesperson for 0x declined to disclose the specific amount of the acquisition of Flood due to contractual obligations.

On May 15, local time, JPMorgan Chase CEO Jamie Dimon said that a recession is still possible as the impact of tariffs continues to impact the global economy. Dimon said in an interview on the same day that he hopes to avoid this, but he will not rule it out at the moment. If a recession does occur, there is no telling how severe it will be or how long it will last. According to the report, the Trump administration's tariff policy has shaken the market for more than a month. Dimon said some clients are holding off on investing due to excessive market volatility.

Golden Finance reports that Spot gold stands at $3230 per ounce, rising 1.63% for the day.

Federal Reserve official Barr stated that the U.S. economy is solid, but warned that tariffs could lead to an economic slowdown and rising inflation. He emphasized the importance of small businesses in the Supply Chain, pointing out that trade policies increase uncertainty. Small businesses face a lack of credit opportunities, and the disruption in their Supply Chain is particularly severe, potentially disrupting the overall economy.

On May 16, the US dollar index fell by 0.16%, closing at 100.878. The euro and the pound were flat or rose slightly against the dollar, while the yen, Swiss franc, Canadian dollar, and Swedish krona all fell against the dollar.

Bitcoin's price shows a golden cross signal with the 50-day moving average crossing above the 100-day moving average, suggesting that the short-term trend outweighs the long-term trend, potentially leading to a major bull run. Technical indicators show support for a pump, but on-chain data indicates that market participants are cautious, and the price may pullback to the $98,000 support level.

Golden Finance reported that Federal Reserve's Barr did not comment on the interest rate outlook in prepared remarks. Barr stated that the foundation of the U.S. economy is solid, and inflation is expected to decline to 2%, but uncertainty in trade policy is affecting the outlook. Trade shocks could have particularly severe impacts on small businesses and trigger price rises in cases where the supply chain is affected or businesses shut down.

Golden Finance reports that Federal Reserve's Barr: The foundation of the U.S. economy is solid, and the inflation rate is expected to drop to 2%, but the uncertainty of trade policy has affected the outlook. Trade shocks could have particularly severe impacts on small businesses and trigger price rises in the event of supply chain disruptions or business closures.

According to the Gate News bot, the Gate market shows that the BTC_USDT price has fallen below 103000 USDT, currently priced at 102995.5 USDT. The 24-hour fall is 0.37%.

Gate.io News bot message, encryption journalist Eleanor Terrett reports that the GENIUS Act amendment draft sets new regulations for stablecoin issuance. The draft stipulates that stablecoin issuers cannot claim their products are insured by the FDIC or backed by the credit of the U.S. government, and it also prohibits the use of names that contain terms like "United States" or "USG." The draft also establishes additional provisions for large technology companies such as Meta, Amazon, Google, and Microsoft, requiring these institutions to meet specific standards for financial risk control, data privacy protection, and fair business practices when issuing stablecoins. Source: Wu Shuo

Jin10 data, May 16 news: As of the closing at 2:30, the Shanghai gold market maker contract rose by 1.22%, reporting 754 yuan/gram, the Shanghai silver market maker contract rose by 1.02%, reporting 8134 yuan/k, and the SC crude oil market maker contract fell by 3.53%, reporting 462 yuan/barrel.

Jin10 Data reported on May 16 that air raid sirens sounded in multiple locations including Tel Aviv and Jerusalem on the evening of the 15th local time. The Israel Defense Forces subsequently stated that a missile was detected being launched from Yemen towards Israel.

The Chairman of the Federal Reserve, Jerome Powell, stated that the Federal Reserve is adjusting its policy-making framework in response to the inflation and interest rate changes following the COVID-19 pandemic. The current framework may no longer be suitable due to the changes in real interest rates caused by the pandemic. The review process will consider the impact of economic changes on policy, but it is unlikely to alter the current method of setting interest rates.

According to Gate.io News bot, there is a latest development in the SEC vs Ripple Labs lawsuit. Judge Analisa Torres has rejected the requests for a dispositive ruling submitted by both parties. Judge Torres pointed out that the request made by both parties under the name of "settlement approval" essentially attempts to revoke certain injunctions and penalty provisions in the final judgment. The court ruled that the request should be governed by Federal Civil Procedure Rule 60, rather than Rule 62.1. Since the request failed to meet the relevant requirements of Rule 60, the court ultimately made a dismissal decision.