News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.
Indonesia blocks Polymarket on grounds of illegal online gambling
Foresight News reported, according to Reuters, that the Indonesian Ministry of Communications and Digital announced the blocking of the prediction market platform Polymarket, designating it as an online gambling platform and considering its activities to "include betting and speculation on uncertain events," which violates Indonesian law. Polymarket previously launched a betting market about when Indonesia's President Prabowo Subianto would "leave office," which drew widespread attention on Indonesian social media. Ministry official Alexander Sabhar stated that the government is investigating all social media accounts related to Polymarket.
Foresight News reported, according to Reuters, that the Indonesian Ministry of Communications and Digital announced the blocking of the prediction market platform Polymarket, designating it as an online gambling platform and considering its activities to "include betting and speculation on uncertain events," which violates Indonesian law. Polymarket previously launched a betting market about when Indonesia's President Prabowo Subianto would "leave office," which drew widespread attention on Indonesian social media. Ministry official Alexander Sabhar stated that the government is investigating all social media accounts related to Polymarket.
Euro falls to a nine-week low against Swiss franc at 0.9095
BlackRock Analyst: Under Powell Leadership, Fed Likely to "One-and-Done"
BlockBeats News, May 25th - BlackRock Group stated that under the leadership of new Fed Chair Powell, the Fed may have sufficient reasons to support a rate cut instead of a rate hike. Navin Saigal, Head of Global Fixed Income Business in Asia-Pacific at BlackRock, responded to questions about the probability of rate hikes during Powell's tenure, saying, "If I had to choose between a rate hike and a rate cut, I believe there are actually enough factors to support a rate cut." "Looking ahead, the labor market will face some pressure, which may indicate that the Fed will either stay put or cut rates." Saigal's comments are in contrast to the widespread expectations of bond investors. These investors are betting that Powell will prioritize maintaining the Fed's reputation in combating inflation rather than catering to U.S. President Trump's demands for low interest rates. Current pricing indicates that the market is almost certain that the Fed will raise rates before December. (FX Street)
BlockBeats News, May 25th - BlackRock Group stated that under the leadership of new Fed Chair Powell, the Fed may have sufficient reasons to support a rate cut instead of a rate hike. Navin Saigal, Head of Global Fixed Income Business in Asia-Pacific at BlackRock, responded to questions about the probability of rate hikes during Powell's tenure, saying, "If I had to choose between a rate hike and a rate cut, I believe there are actually enough factors to support a rate cut." "Looking ahead, the labor market will face some pressure, which may indicate that the Fed will either stay put or cut rates." Saigal's comments are in contrast to the widespread expectations of bond investors. These investors are betting that Powell will prioritize maintaining the Fed's reputation in combating inflation rather than catering to U.S. President Trump's demands for low interest rates. Current pricing indicates that the market is almost certain that the Fed will raise rates before December. (FX Street)
NEX will be listed on Bitget PoolX, stake BTC to unlock NEX airdrop
According to Foresight Newx, Bitget PoolX will launch the Nexus (NEX) project, allowing users to lock BTC to unlock 60,000,000,000 NEX tokens, with an individual locking limit of 50 BTC. The locking window will be open from May 25, 19:00 (UTC+8) to June 3, 19:00 (UTC+8).
Additionally, users who have a positive net deposit during the event period can receive a 2% BTC savings interest coupon after the event ends; users participating in PoolX for the first time and meeting the net deposit requirement can receive a 10% BTC interest coupon. Net deposit statistics will be calculated from May 25, 19:00 (UTC+8) to June 2, 19:00 (UTC+8). For more details, please refer to the Bitget official platform.
According to Foresight Newx, Bitget PoolX will launch the Nexus (NEX) project, allowing users to lock BTC to unlock 60,000,000,000 NEX tokens, with an individual locking limit of 50 BTC. The locking window will be open from May 25, 19:00 (UTC+8) to June 3, 19:00 (UTC+8).
Additionally, users who have a positive net deposit during the event period can receive a 2% BTC savings interest coupon after the event ends; users participating in PoolX for the first time and meeting the net deposit requirement can receive a 10% BTC interest coupon. Net deposit statistics will be calculated from May 25, 19:00 (UTC+8) to June 2, 19:00 (UTC+8). For more details, please refer to the Bitget official platform.
Strive reportedly purchased a record-breaking 794 bitcoins last week
Jefferies raises Zoom Communications target price to $118
Copper prices surge, while both the US dollar and oil prices face pressure; renewed peace expectations reshape the logic of the metals market.
Over the past 7 days, more than $25 million in assets have been bridged from other chains to Solana.
Odaily reports that in the past 7 days, more than 25 million USD worth of assets have been bridged from other chains to Solana. (SolanaFloor)
Odaily reports that in the past 7 days, more than 25 million USD worth of assets have been bridged from other chains to Solana. (SolanaFloor)
「Today's Largest BTC Long Position」 is led by a single position of over 36.9 million, with the whale setting a stop-loss price at $73,800.
BlockBeats News, May 25th, according to Hyperinsight monitoring, today's largest BTC position opening on Hyperliquid was initiated by a whale starting with 0xebe. This morning, the whale entered a long position with 476.4 BTC at 5x leverage, with a position value of approximately $36.9 million. The average entry price was around $76,687, and the current unrealized profit has reached $367,000 (+4.7%).
The whale has already set a stop-loss price at $73,800. It is estimated that if BTC falls to this price, the position will be liquidated passively with a loss of approximately $1.37 million, corresponding to a principal loss ratio of about 18.8%.
Address: 0xebe837cd345469cbc5d6e1fd3d15ee5079ac885f
BlockBeats News, May 25th, according to Hyperinsight monitoring, today's largest BTC position opening on Hyperliquid was initiated by a whale starting with 0xebe. This morning, the whale entered a long position with 476.4 BTC at 5x leverage, with a position value of approximately $36.9 million. The average entry price was around $76,687, and the current unrealized profit has reached $367,000 (+4.7%).
The whale has already set a stop-loss price at $73,800. It is estimated that if BTC falls to this price, the position will be liquidated passively with a loss of approximately $1.37 million, corresponding to a principal loss ratio of about 18.8%.
Address: 0xebe837cd345469cbc5d6e1fd3d15ee5079ac885f
An early ETH whale dormant for 10.8 years has awakened, earning over 6,800 times profit
BlockBeats news, on May 25, according to Whale monitoring, a dormant pre-mining address containing 2,000 ETH (worth $4,234,171) has just awakened after 10.8 years of inactivity. In 2015, these ETH were only worth $620, representing a profit of over 6,800 times.
BlockBeats news, on May 25, according to Whale monitoring, a dormant pre-mining address containing 2,000 ETH (worth $4,234,171) has just awakened after 10.8 years of inactivity. In 2015, these ETH were only worth $620, representing a profit of over 6,800 times.