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BTC_USDT fall below 104000 USDT

According to the Gate.io News bot, the BTC_USDT price has fallen below 104000 USDT, currently at 103975 USDT. The 24-hour decline is 0.54%.
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Bitcoin Magazine CEO raises $710 million and announces merger with KindlyMD

According to Gate News bot, David Bailey, CEO of Bitcoin Magazine, and his holding company Nakamoto have completed a $710 million financing. At the same time, the company announced a merger agreement with healthcare data company KindlyMD, and the two parties will jointly establish a Bitcoin treasury.
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Whales injected 40.5 million USDC into HypeLiquid to short BTC and other Crypto Assets.

Gate News bot message: According to data from Nansen, in the past two days, a crypto assets whale address (0x5b5d51203a0f9079f8aeb098a6523a13f298c060) deposited 40.5 million USDC into the HypeLiquid platform to increase short positions on Bitcoin ( BTC ), Ethereum ( ETH ), and Solana ( SOL ) with 5x leverage.
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RootData: FRED Token 24-hour rise exceeds 100%

According to Gate News bot news and RootData market data, the First Convicted RACCON Token (FRED) has risen by 105.37% in the last 24 hours, with the current trading price at $0.011.
RootData platform data shows that First Convicted RACCON is a meme Token deployed on the Solana chain, with the name meaning "the first convicted raccoon".
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PEPE rose 14.33% in the last 24 hours, currently priced at 0.00001488 USDT

According to the Gate.io News bot, the latest market data from Gate.io shows that PEPE has risen 14.33% in the last 24 hours, currently priced at 0.00001488 USDT.
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Reports say that SoftBank's $100 billion chip project financing with OpenAI is facing obstacles.

According to Gate News bot, the "Interstellar Gate" chip project, which SoftBank and OpenAI plan to jointly invest $100 billion in, is currently facing funding difficulties. Reports indicate that SoftBank has not yet engaged in specific negotiations regarding debt financing for the project.
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Digital asset investment products have seen net inflows for four consecutive weeks, with strong performance from the Bitcoin ETF.

Gate News bot message, according to CoinShares data, digital asset investment products recorded a net inflow of 882 million dollars last week, maintaining a net inflow trend for the fourth consecutive week, with a total inflow of 6.7 billion dollars from the beginning of 2024 to date.
Specific data shows that Bitcoin received $867 million in capital inflows, while Ethereum's inflow amount was $1.5 million. Since the launch of the Bitcoin spot ETF in the U.S. in January 2024, the total net inflow amount has reached $62.9 billion, setting a new historical high.
CoinShares report indicates that factors such as inflation expectations, global liquidity expansion, and several U.S. states incorporating Bitcoin into their reserves are driving continuous capital inflow.
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PI has pumped 70.08% in the last 24 hours, currently priced at 1.60556 USDT

According to the Gate.io News bot, the latest market data from gate shows that PI has pumped 70.08% in the last 24 hours, now priced at 1.60556 USDT.
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GateUser-14c63161vip:
Steadfast HODL💎
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ETH_USDT breaks through 2600 USDT

According to the Gate.io News bot, the ETH_USDT price has broken through 2600 USDT, currently priced at 2603.66 USDT. The 24-hour rise is 4.17%.
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BTC_USDT breaks through 105000 USDT

According to the Gate.io News bot, the market shows that the price of BTC_USDT has broken through 105000 USDT, currently priced at 105291.2 USDT. The 24-hour increase is 1.33%.
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China announced a temporary adjustment of tariffs on American goods for 90 days.

According to Gate News bot, Bloomberg reports that China has decided to implement a 90-day tariff adjustment measure on U.S. goods. The specific adjustment is to lower the original tariff rate from 125% to 10%.
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Ybaservip:
Hold on tight, we're about to To da moon 🛫
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Large Investors inject 2.29 million USDC to go long PEPE Token on Hyperliquid

Gate News bot message, a Large Investor deposited 2.29 million USDC into the Hyperliquid platform to go long on PEPE Token with 3x leverage.
According to reports, the investor had previously injected 5 million USDC into the platform to purchase 319,591 HYPE tokens at a price of 15.64 USD, currently holding an unrealized profit of 2.99 million USD.
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Hyperliquid's weekly net inflow reached a historic high of $548 million.

Gate news bot message, according to the data dashboard by @sankin_eth, the weekly net inflow amount of Hyperliquid reached 548 million USD from May 5 to May 11, setting a historical record. Among them, the net inflow amount on May 8 reached 200 million USD, also setting a new daily net inflow record. Source: Wu says.
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Beat Holdings expands its Bitcoin investment scale, holding unrealized gains of over $680,000 in IBIT.

According to the Gate.io News bot, Decrypt reports that the Japanese listed company Beat Holdings has adjusted its Bitcoin-related investment limit from $6.8 million to $34 million.
Data shows that the company has purchased 131,230 shares of BlackRock's iShares Bitcoin Trust (IBIT) at an average buying price of $49.49 per unit. As of May 9, its IBIT position has achieved a floating profit of over $681,000.
To advance the subsequent investment plan, Beat Holdings has drawn $2.8 million from the revolving credit facility, expecting to incur approximately $150,000 in interest expenses this year.
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Multiple Meme trading platform cashback data statistics: Axiom's cashback rate reached 43.3%.

According to Gate.io News bot, according to the statistics released by the @Adam_Tehc, a number of Meme trading platforms have completed cashback (rebate + referral). Among them, the Axiom platform returned 213,000 SOL, with a return rate of 43.3%; The Trojan platform returned 233,800 SOL, with a return rate of 23.6%; The BullX platform returned 228,900 SOL, with a return rate of 22.9%; The Bloom platform returned 33,400 SOL, with a return rate of 22.2%; The GMGN platform returned 59,200 SOL, with a return rate of 16.8%.
Source: Wu Says
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Morgan Stanley: Optimistic Outlook for Sino-US Trade Negotiations, Hedge Funds Return to the Chinese Market

According to the Gate.io News bot, a report released by Morgan Stanley last Friday shows that, influenced by the positive outlook of the China-U.S. trade negotiations, hedge funds increased their investment in the Chinese stock market last week, with U.S. hedge funds being particularly active.
The report indicates that after observing positive signals of a trade agreement between China and the United States, American hedge funds began to reallocate their investments in the Chinese market, while also increasing their holdings in stocks in both the US and A-share markets.
At the same time, hedge funds have reduced their investment allocations to other Asian regions such as Thailand, Hong Kong, India, and Australia.
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CryptoQuant CEO anticipates the development trend of "dark stablecoins"

According to Gate.io News bot, Wu Shuo reported that Ki Young Ju, the founder and CEO of CryptoQuant, elaborated on the concept of "dark stablecoins" on social media. He pointed out that dark stablecoins have two forms of creation: one is an algorithmic stablecoin that is not controlled by the government, and the other is a stablecoin issued by countries that do not enforce financial scrutiny.
Ki Young Ju mentioned that USDT was once regarded as a censorship-resistant stablecoin. He illustrated that if Tether refused to comply with U.S. regulatory requirements during Trump's administration, USDT would fall into the category of "dark stablecoin".
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The police in Xianning, Hubei have investigated a case of illegal trading of Virtual Money.

According to the Gate.io News bot, reports from Ping An Xianning state that the police recently solved a case involving virtual money trading through illegal channels. During the operation, the police discovered a criminal gang led by a certain Tang, which set up multiple network devices to access the international internet through illegal channels, using foreign software to conduct virtual money and forex trading.
During the operation, the police controlled 5 suspects on the spot and seized all the equipment used in the crime. The public security organs have lawfully imposed administrative penalties on Tang and 6 others. Currently, the case is under further investigation.
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The Ledger Discord server has encountered a phishing attack, and the official confirmation states that it has now restored security.

Gate.io News bot message, hardware wallet company Ledger announced that its Discord server has now been restored to a secure state. According to Cointelegraph, an attacker previously compromised a community administrator account and posted false security vulnerability alert messages, attempting to lure users into clicking phishing links and submitting their mnemonic phrase (Seed Phrase) to steal assets.
Regarding this incident, Ledger officials emphasized that the company would never ask users to submit their mnemonic phrases in any online manner.
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The U.S. Department of Justice and the FBI have requested victims of the AML Bitcoin fraud case to submit claims.

According to Gate.io News bot, as reported by Bitcoin News, the U.S. Department of Justice and the Federal Bureau of Investigation (FBI) have issued a notification to victims of the AML Bitcoin encryption fraud case, requesting that victims submit complaint forms by June 5, 2025, for compensation processing.
Previously, Rowland Marcus Andrade, the founder of AML Bitcoin, was found guilty of telecommunications fraud and money laundering by a U.S. federal jury. Investigations revealed that Andrade illegally raised millions of dollars by falsely promoting the AML Bitcoin crypto assets.
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