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Whale Alert reported that 3,000 BTC has been transferred from an unknown wallet to OKX. The transaction is valued at about $231 million.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $380 million liquidated (90.82% shorts) - ETH: $165 million liquidated (87.77% shorts) - RAVE: $20.47 million liquidated (88.76% shorts)

DeFi protocol Rhea Finance has announced it was hacked for a total of $18.4 million in assets, more than double the $7.6 million initially reported. The attacker exploited a vulnerability in the protocol's slippage protection mechanism to drain the funds from its reserve pool, resulting in substantial losses that include user assets. Rhea Finance stated it plans to use its protocol reserves and team operating funds to facilitate recovery and provide support to those affected.

U.S. President Donald Trump announced that he had received very good news regarding Iran about 20 minutes ago, adding that progress with the country appears to be going very smoothly. He emphasized that the top priority is to prevent Iran from possessing nuclear weapons.

Ethereum Layer 2 project Aztec has now sold all the ETH it raised from its token sale last year, having deposited the final 5,020 ETH ($12.33 million) to Coinbase nine hours ago, AmberCN reported. The project initially secured 19,388.4 ETH, worth $59.13 million, through its token sale last December.

Investment in crypto startups during the first quarter of this year totaled $5 billion, a 15% decrease from the same period last year, DL News reported, citing data from DeFiLlama. In response, Jonathan King, a senior investor at Coinbase Ventures, explained that quiet or difficult markets can present opportunities. He added that investments made during such periods are more likely to yield significant future returns, noting that this rationale is why Coinbase Ventures was a major investor in the first quarter.

An Iranian Defense Ministry spokesperson has stated that the reopening of the Strait of Hormuz is contingent on a ceasefire and other conditions. Brigadier General Reza Talaeinik specified that warships and vessels associated with hostile forces are not permitted to transit the strait. The spokesperson also described the current situation as temporary, adding that the strait could be closed again if circumstances in Lebanon change, Al Jazeera reported.

An address linked to BitMEX co-founder Arthur Hayes deposited 3,000 ETH, worth $7.26 million, to Binance five hours ago, Onchain Lens reported. Deposits to exchanges are typically interpreted as an intention to sell.

An address that previously lost $14.61 million on the MELANIA meme coin has deposited its entire holding of 2.22 million TRUMP tokens, worth $6.82 million, to Binance, AmberCN reported. Last month, the same address purchased $7.05 million in TRUMP to secure a high-ranking spot for a dinner with President Donald Trump.

Crypto analyst Ali Martinez has suggested that ETH has strengthened its potential to rise to $2,900 after breaking through the key resistance level of $2,385. He noted that with ETH turning this resistance into a support level, recent selling pressure has eased. Martinez added that a significant portion of the overhead supply has also been cleared, setting the stage for a further ascent. He predicts that as long as the price holds above this breakout zone, buying pressure will continue to lead the market.

CoinMarketCap's Altcoin Season Index has fallen three points from yesterday to 35. The index measures market sentiment by comparing the performance of Bitcoin against the top 100 cryptocurrencies, excluding stablecoins and wrapped tokens, over the last 90 days. A period is defined as an altcoin season if 75% of these top altcoins outperform Bitcoin. Conversely, if Bitcoin outperforms the majority of altcoins, it is considered a Bitcoin season. A score closer to 100 indicates that market conditions favor altcoins.

An address believed to belong to an anonymous institution purchased 32,007 ETH ($77.49 million) from Binance, Onchain Lens reported. Over the past 24 hours, this address withdrew 225.12 million USDC from BitGo and deposited the funds across Deribit, Bybit, and Binance.

After surging 1415% over the past week, Ravedao (RAVE) has secured the 16th spot in overall cryptocurrency market capitalization. The milestone comes just four days after the token entered the top 30. RAVE is currently trading at $24.46.

The following is an analysis of the order book for the BTC/USDT spot pair using a spot CVD chart. The top section shows a volume heatmap, while the bottom displays the cumulative volume delta (CVD). - The volume heatmap at the top tracks the volume of trades at specific price levels. The background color brightens when the price lingers in a certain range or moves significantly. These brighter areas may act as potential support or resistance levels. - The CVD indicator at the bottom represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. The yellow line tracks orders between $100 and $1,000, while the brown line tracks large orders between $1 million and $10 million.

The Crypto Fear & Greed Index from data provider CoinMarketCap has risen six points from yesterday to 62, maintaining its neutral status. The index measures market sentiment on a scale of 0 to 100, where 0 signifies extreme fear and 100 represents extreme optimism. CoinMarketCap calculates the index based on several factors, including the price movements of the top 10 cryptocurrencies, market volatility, derivatives market data like the put-call ratio, the Stablecoin Supply Ratio (SSR), and its own search data. Note: We have changed the data source for our Fear & Greed Index updates from Alternative to CoinMarketCap, as we believe CoinMarketCap's data more sensitively reflects market conditions.

According to CoinNess market monitoring, BTC has fallen below $77,000. BTC is trading at $76,937.58 on the Binance USDT market.

The Russian government has submitted a bill to the country's lower house of parliament that would introduce criminal penalties for operating cryptocurrency services without regulatory approval, Cointelegraph reported. Under the draft legislation, companies providing services related to the circulation of cryptocurrencies without a license from the Central Bank of Russia could face up to seven years in prison.

Strategy (MSTR) has proposed changing the dividend payment schedule for its perpetual preferred stock, STRC, from monthly to bi-weekly. According to CoinDesk, Strategy founder Michael Saylor stated that the move would not affect the dividend payment obligation or the dividend rate, which is currently 11.5%. He explained that the change aims to stabilize the price, mitigate economic volatility, enhance liquidity, and increase demand. The vote on the amendment will close on June 8, and if approved, the first payment will be on July 15.

U.S. Representative Sheri Biggs purchased up to $250,000 worth of BlackRock's spot Bitcoin ETF (IBIT) last month, Cointelegraph reported. Because U.S. lawmakers are only required to disclose transaction sizes within a set range, the actual purchase amount could be as low as $100,000. Biggs has received an "A" grade from the pro-crypto advocacy group Stand With Crypto, indicating strong support for the industry.

U.S. Senator Richard Blumenthal has sent a letter to the Treasury Department's Financial Crimes Enforcement Network (FinCEN) requesting information on Binance's regulatory compliance. According to Cointelegraph, the senator pointed to allegations that the exchange's anti-money laundering measures are "dangerously lax." The letter follows Binance's earlier guilty plea to anti-money laundering and sanctions violations brought by U.S. regulators, which resulted in a $4.3 billion fine. As part of that settlement, Binance agreed to comply with monitoring and reporting requirements set by U.S. authorities.

The three major U.S. stock indices closed higher today. - S&P 500: +1.20% - Nasdaq: +1.52% - Dow Jones: +1.79%

Coinbase has announced it will suspend trading for Seamless (SEAM) at 6:00 p.m. UTC on May 18. The decision follows an announcement from the Seamless protocol that it will be terminating its services on June 30.

U.S. Senator Elizabeth Warren has accused U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins of potentially making false statements to Congress about a decline in the agency's enforcement activities. According to Decrypt, during a Feb. 12 Banking Committee hearing, Atkins was asked about the sharp drop in new sanctions under the second Trump administration and responded that he disagreed with the premise of the question. However, recently released SEC data shows the regulator brought only 456 new enforcement actions last year, with 200 of those initiated under the previous Biden administration. This figure is down from a 10-year annual average of 765. Warren noted that the sharp decrease in enforcement, coupled with significant staff reductions and a sudden change in leadership, raises serious questions about the commission's commitment and ability to protect investors and the market.

Vessel tracking data shows that nearly all ships attempting to pass through the Strait of Hormuz have turned around, according to industry sources.

Iran and the U.S. are drafting a memorandum of understanding (MOU) to establish the overall framework for a permanent peace agreement, an Iranian official stated on April 17. The official expressed optimism that the MOU will be signed during negotiations in Pakistan in the coming days, adding that it provides for a 60-day period of follow-up talks to reach a final deal.