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Ethereum has about $48.05 million in on-chain loan liquidation quota around $2,778
According to Defi Llama data, there is approximately $48.05 million in on-chain liquidation volume for Ethereum around $2,778.
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SoftBank Group to invest 10 trillion yen in "AI revolution"
SoftBank Group (SBG) Chairman and CEO Masayoshi Son's "AI revolution" has begun. SoftBank Group plans to expand its business into industries such as data centers, robots, and power generation using AI semiconductors as a breakthrough. The expected investment amount could reach up to 10 trillion yen (approximately RMB 464.09 billion). American companies such as Microsoft are also making huge investments in the AI field, indicating a trend of global tech giants entering this growing field. (Nikkei News)
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Ethereum has about $48.05 million in on-chain loan liquidation quota around $2,778
On May 13th, according to DefiLlama data, there is approximately $48.05 million in on-chain loan liquidation volume for Ethereum around $2778.
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The Philippine central bank has approved the PHPC, a stablecoin pegged to the peso
The Central Bank of the Philippines has approved a stablecoin called PHPC, which is pegged to the Philippine peso and aims to promote cost-effective remittances. It is backed by cash and equivalents held by Philippine banks and will initially be launched on the Coins.ph platform, with plans to expand to other platforms. PHPC will be the first retail stablecoin backed by the peso and will offer real-time trading 24/7.
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GBTC has seen a cumulative net outflow of over US$17.6 billion since the launch of the Bitcoin spot ETF
On May 12th, according to Farside Investors data, the cumulative net outflow of GBTC since the launch of Bitcoin spot ETF reached 17.6329 billion US dollars. According to Coinglass data, GBTC's asset management scale has decreased to 17.647 billion US dollars.
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The Ethereum network has currently destroyed more than 4.29 million ETH
According to Ultrasound data, as of now, the Ethereum network has destroyed a total of 4,290,622.06 ETH. Note: Since the introduction of EIP-1559 in the Ethereum London upgrade, the Ethereum network will dynamically adjust the BaseFee of each transaction based on transaction demand and block size, and this portion of the fee will be directly burned and destroyed.
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Türkiye prepares new encryption law to align with international standards
Turkey is preparing to submit a new law to regulate cryptocurrency assets to the parliament. The law aims to align with international standards, reduce risks associated with cryptocurrency transactions, and implement strict regulation of cryptocurrency trading platforms by the Capital Markets Board. It will also ensure the safekeeping of assets, establish transparent platforms and customer relationships, and clearly define sanctions for non-compliant behavior. The legislative proposal is expected to be submitted to the parliament within a week.
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Ripple CEO: The US government’s next target is Tether
Ripple CEO Brad Garlinghouse recently stated in an interview that the next target of the US government is Tether, the stablecoin company responsible for the circulation of USDT. Some experts believe that Garlinghouse's statement is a very big insider report, and if it really happens, there will be a huge selling pressure in the USDT stablecoin market. In this case, the value of USDT will experience a significant decline.
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Cointime May 12 News Express
1.The number of Bittensor subnets for the AI project will increase to 64, and 1024 subnets will be achieved this year2.Trader predicts Bitcoin price will reach $350,0003.vladilena.eth redeemed 1930 weETH from Zircult, suspected of selling4.Solana’s on-chain DEX transaction volume yesterday exceeded the sum of five chains including Ethereum, BSC, and Arbitrum5.RSS3 VSL locked-in amount surged in the past two days and is close to 200 million US dollars 6.The transaction volume of Club Key on friend.tech platform exceeded 1 million7.Lido has paid out more than 516,000 ETH in staking rewards, equivalent to approximately $1.51 billion8.1,000 BTC transferred from TronDAO to an unknown new wallet9.Report: Justin Sun deposited 120,000 eETH into Swell L2, worth $376 million10.1707.36 BTC have flowed out of Binance in the past 7 days
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Interpol Nigeria boosts cybersecurity with virtual asset training
The training will enable officers to effectively address cybercrimes involving virtual assets, particularly stablecoins.
Daily Must-Read
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JPMorgan’s Onyx to industrialize blockchain PoCs from Project Guardian
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OKX Ventures invests in Web3 ‘play ARPG to train AI’ game Blade of God X
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Bitcoin volatility plunges below Tesla, Nvidia stocks amid $100K price prediction
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What are tokenized commodities?
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Bitcoin opens $63K futures gap as thin liquidity threatens BTC price
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More than half of the Fortune 100 uses Apple’s Vision Pro headset
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