Today
2025/05/23

Hyperliquid Labs submits a public letter on Perptual Futures and 24/7 trading to the CFTC

According to the Gate News bot, Hyperliquid Labs has submitted two open letters to the Commodity Futures Trading Commission (CFTC) in response to the request for comments regarding Perptual Futures and the 24/7 trading mechanism. Hyperliquid pointed out in a letter that its decentralized Perptual Futures platform based on its self-developed blockchain practices the core principles of DeFi in terms of market efficiency, trading transparency, and user protection. The company expressed its support for the United States to maintain a leading position in exploring DeFi market structures and stated its willingness to participate in regulatory dialogues as an industry partner.
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The Federal Reserve (FED) Goolsbee: It is still possible to cut interest rates in the next 10 to 16 months.

Golden Finance reports that The Federal Reserve (FED) official Goolsbee stated that there is still a possibility of interest rate cuts in the next 10 to 16 months.
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The US Dollar Index DXY has fallen 20 points in the short-term, currently reported at 99.23.

According to Jin10 news, the US dollar index DXY has dropped 20 points in the short-term, currently reported at 99.23.
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The Federal Reserve's Goolsbee: 50% tariffs on the EU will have a severe impact on the Supply Chain.

Odaily News The Federal Reserve's Goolsbee: The 50% EU tariff is an order of magnitude different from the current situation. Such a high tariff level will have a severe impact on the Supply Chain. (Jin10)
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James Wynn: Will not sell, will continue to buy.

Odaily News Whale James Wynn stated on X platform: "As I expected, they came to me. I will not sell, I will buy. The current position is valued at 809 million dollars." Previously, on-chain data showed that several high-leverage long positions had incurred floating losses due to the market plunge.
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Trump demands Apple to produce iPhones in the United States, otherwise a 25% tariff will be imposed.

According to the Gate News bot, former President Trump recently issued a clear demand to Apple CEO Tim Cook, stating that all iPhones sold in the U.S. market must be manufactured domestically and not produced in India or other regions. Trump also indicated that if Apple does not comply with this requirement, each iPhone will be subject to a tariff of at least 25%.
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James Wynn 40x go long BTC turned from profit to loss on long order position

On May 23, James Wynn's long order position entered underwater status, excluding PEPE, including 40x go long 7500 BTC, 25x go long 24506 ETH, and 10x go long 4.85 million SUI. The current total unrealized losses amount to 9.87 million USD.
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The market plummeted, causing Whale James Wynn's long position to incur unrealized losses of over $9.8 million, with only PEPE remaining profitable.

The fall in Bitcoin prices has resulted in unrealized losses for Whale James Wynn's long positions. He went long 7,500 Bitcoins with 40x leverage, incurring unrealized losses of $5.21 million; went long 24,506 ETH with 25x leverage, incurring unrealized losses of $2.91 million; and went long 4.85 million SUI with 10x leverage, incurring unrealized losses of $1.75 million.
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Nike responds to price rise

Jin10 reported on May 23 that Nike recently announced plans to raise prices in the United States. Nike's Chief Financial Officer, Andrew Freund, stated that external factors such as tariffs have created "uncertainty" for the company's operations, while also undermining consumer confidence. Adidas CEO Kasper Rorsted mentioned at the end of April that the tariff policy of the Trump administration has forced Adidas to raise prices in the United States. Puma's Chief Financial Officer, Doreen Wang, said earlier this month that due to tariff pressures, Puma may adopt the same pricing strategy in the United States.
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James Wynn's other Long Positions except for PEPE have entered unrealized losses, with the BTC Long Position having unrealized losses of 5.21 million USD.

On-chain analyst Yu Jin has detected that James Wynn's long position, except for PEPE, has entered an unrealized losses state: 40x leverage 7500 BTC unrealized losses of 5.21 million USD, 25x leverage 24506 ETH unrealized losses of 2.91 million USD, 10x leverage 4.85 million SUI unrealized losses of 1.75 million USD.
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Trump WLFI did not dump BUILDon (B) Holdings

According to BlockBeats news on May 23, it has been verified that the Trump family's encryption project WLFI did not sell its Holdings of BUILDon (B). In the past 2 hours, the Address that dumped over 600,000 USD of BUILDon (B) "0x26aEa...7e2ADB853c74" is a Whale Address that followed and bought after WLFI built a position. The real official Address of WLFI is 0xA713fc94db054AA435AF4d9c66c3433dCA98559F.
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Traders increased expectations for interest rate cuts by the European Central Bank, now predicting three more cuts in 2025.

According to ChainCatcher news, as reported by Jin10, traders have increased their expectations for interest rate cuts by the European Central Bank, now anticipating three more cuts in 2025.
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Under Trump's new tariff threats, gold prices surged significantly.

Trump threatens to impose new tariffs on the EU, leading to a rise in gold prices. Market uncertainty increases, and demand for safe-haven assets rises. Analysts point out that if U.S. fiscal policy does not change, rising borrowing costs and expanding fiscal deficits may exacerbate market fluctuations.
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Smart Money Address close all positions B coin profit 502.9 thousand USD, triggering a fall in coin price.

According to Gate News bot, GMGN data shows that the Smart Money Address 0x26…3c74 recently cleared all of its holdings of B coins, earning a profit of $502,900. This address invested $107,500 to purchase 3.3 million B coins within an hour after the WLFI official announcement to buy B coins. There are rumors in the community that the Smart Money address belongs to WLFI, but the on-chain data shows that there has been no fund exchange between the two addresses. WLFI address 0xA7... 559F still holds 637,000 B coins and has not been sold. Source: Wu Shuo
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Data: WLFI related Address is selling B, B is currently quoted at $0.18 with a short-term fall of over 30%.

According to ChainCatcher news, on-chain data shows that WLFI related Address is selling B, which has fallen over 30% in a short time, now priced at 0.18 USD.
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Mysten Labs explores new rescue solutions to respond to Hacker incidents.

According to Gate News bot, as reported by Wu, official personnel from Mysten Labs urgently launched an Allowlist (transaction_allow_list_skip_all_checks) request yesterday, but the PR was subsequently closed. @0x_Todd revealed that the purpose of the Allowlist feature is: when it is necessary to recover funds or when hackers return funds, the official can pre-construct specific "rescue transactions" to allow them to bypass all checks for one-time execution, even if the funds have been locked by the blacklist. The allowlist feature itself cannot directly operate hacker funds; it can only be realized when the restore module (system-level privilege) is released and the upgraded transaction is added to the allowlist.
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Trump announces plans to impose a 50% tariff on EU goods

According to Gate News bot, Trump pointed out in a social media post that the EU has taken unfavorable measures against American companies through trade barriers, value-added tax, currency manipulation, and unfair lawsuits, resulting in an annual trade deficit of over $25 billion for the US against the EU. Trump emphasized that due to the lack of progress in negotiations with the EU, he proposed imposing a 50% tariff on all goods from the EU starting June 1, 2025. This policy applies only to goods that are not manufactured in the United States.
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BTC_USDT fell below 108000 USDT

According to the Gate News bot, the Gate market shows that the BTC_USDT price has fallen below 108000 USDT, with the current price at 107612.1 USDT. The 24-hour decline is 3.15%.
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Gate Alpha has been launched on gib, ufun, retard, VIRGEN, PHDKitty, and SOON

The Gate Alpha platform has listed various crypto assets, including gib, ufun, retard, VIRGEN, PHDKitty, and SOON Token, and supports public chains such as SOL, ETH, and BNB Chain. Users can directly purchase these popular assets using USDT from their spot account, without the need to manually switch chains or deposit, making trading more convenient.
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Semler Scientific spent $50 million to increase its holdings of 455 BTC.

Golden Finance reported that Semler Scientific CEO Eric Semler stated on the X platform that the company has increased its holdings of 455 BTC, spending $50 million, with a return of 25.8% year-to-date. As of now, the company's Bitcoin holdings have reached 4264 coins.
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Singapore Prime Minister Lawrence Wong leads the new cabinet in taking the oath of office.

Jin10 reported on May 23 that on the evening of May 23 local time, the Presidential Palace in Singapore held a swearing-in ceremony for the new cabinet. Singapore Prime Minister Lawrence Wong led the new cabinet in taking their oath of office, marking the official commencement of the new government.
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WTI crude oil falls below 60 dollars

Jin10 Data, May 23 - WTI crude oil fell to $60 per barrel, the first time since May 9, down 1.08% for the day. Brent crude oil fell nearly 1% for the day, currently reported at $62.93 per barrel.
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Tether CEO: Tether is a company that creates important new features for coins.

Golden Finance reported that Tether CEO Paolo Ardoino discussed the company's history, holdings of U.S. Treasury bonds, auditing company's reserves, crypto regulations during the Trump era, competition in stablecoins, and more during an interview on CNBC's "Squawk Box" program. He stated that Tether is a company that creates important new functions for currency. Paolo
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BTC_USDT fall below 109000 USDT

Gate News bot message, according to Gate market display, BTC_USDT price fell below 109000 USDT, current price 108781 USDT. 24-hour fall of 2.09%
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Trump: There has been no progress in trade negotiations between the U.S. and the EU, and the EU was established to take advantage of the U.S. in trade.

BlockBeats news, on May 23, Trump mentioned in a post suggesting a 50% tariff on EU products starting from June 1, that there has been no progress in trade negotiations between the US and the EU, and that the main purpose of the EU's establishment is to take advantage of the US in trade.
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Affected by Trump's comments on imposing a 50% tariff on the EU, European stocks' fall has widened.

BlockBeats news, on May 23, influenced by Trump's remarks about imposing a 50% tariff on the EU starting June 1, European stocks fell further, with the German DAX index, French CAC40 index, and Spanish IBEX35 index each down over 1%, and the Italian FTSE MIB index experiencing a daily decline of 2.00%. (Jin10)
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ETH_USDT falls below 2600 USDT

According to the Gate News bot, the market shows that the ETH_USDT price has fallen below 2600 USDT, with the current price at 2597.92 USDT. The 24-hour decline is 2.12%.
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BTC_USDT fell below 110000 USDT

Gate News bot reports that according to Gate market data, the BTC_USDT price has fallen below 110000 USDT, currently priced at 109994.8 USDT. The 24-hour decline is 0.75%.
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Cetus offered a $6 million bounty to hackers in exchange for the stolen funds.

According to Gate News bot, Cointelegraph reported that the Sui ecosystem DEX project Cetus proposed a bounty of 2,324 ETH (approximately $6 million) to attackers via an on-chain white hat protocol, requesting the return of stolen funds and promising not to pursue further liability. The Cetus team has collaborated with law enforcement and anti-cybercrime organizations to track down the funds, while proposing potential emergency mechanisms on GitHub to restrict the attackers' trading. The day before, Cetus suffered an attack resulting in losses of over $220 million, and approximately $162 million in funds have been successfully frozen.
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Trump: Suggests imposing a 50% tariff on EU products starting from June 1

Trump accused the EU of unfair trade in a post on TruthSocial, planning to impose a 50% tariff on EU products starting June 1, 2025, leading to a trade dispute.
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Trump: EU tariffs will be implemented starting June 1.

PANews, May 23 news, according to Jin10, U.S. President Trump stated that EU tariffs will be implemented starting June 1.
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Yuanchang New Materials: Shareholders plan to reduce their holdings of the company's shares by no more than 6% in total.

Jin10 data reported on May 23 that Yuanxiang New Materials announced that shareholder Huaxing Venture Capital plans to reduce its holdings in the company by no more than 3,130,800 shares, or no more than 5.00% of the company's current total share capital, through Block Trading or Bidding within three months after 15 trading days from the date of announcement. Shareholder and director Huang Chunrong plans to reduce his holdings in the company by no more than 626,100 shares, or no more than 1.00% of the company's current total share capital, through Bidding within three months after 15 trading days from the date of announcement.
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In April, 1189 new registered private sale securities investment funds were established, with a newly registered scale of 36.695 billion yuan.

In April 2025, the data on the filing of private equity funds in China showed that a total of 1,606 new funds were added, with a scale of 64.372 billion yuan. Private securities investment funds accounted for the most, with a quantity of 1,189 funds and a scale of 36.695 billion yuan; there were 143 private equity investment funds with a scale of 16.101 billion yuan; and 274 venture capital funds with a scale of 11.576 billion yuan. The total number of existing private equity funds was 141,579, with a total scale of approximately 20.22 trillion yuan, among which securities investment funds were the largest.
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Trump threatens to impose a 25% tax on Apple, causing its stock price to plummet in pre-market trading.

Gate News bot message: Former President Trump stated on social media: "I told Tim Cook of Apple (AAPL.O) a long time ago that I want the iPhones sold in the U.S. to be made and produced in the U.S., not in India or any other place. If not, Apple must pay at least a 25% tariff to the U.S."
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The B Token has fallen nearly 38% in 24 hours, possibly influenced by WLFI selling the token.

PANews May 23 news, data shows that BUILDon's B Token is currently priced at $0.1873, with a 24-hour fall of 37.9%. In addition, on-chain data shows that WLFI-related addresses are selling B Token.
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Xia Dequan manipulated the securities market and was fined nearly 56 million by the Securities Regulatory Commission.

On May 23, Jin10 reported that the Securities Regulatory Commission has launched an investigation into Xia Dequan's manipulation of the securities market. It was found that Xia Dequan committed the following illegal acts: during the period in question, he controlled and used multiple securities accounts to manipulate several stocks, with a total profit of 27,978,668.43 yuan. The Securities Regulatory Commission has decided to confiscate Xia Dequan's illegal gains of 27,978,668.43 yuan and impose a fine of 27,978,668.43 yuan.
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Bitcoin mining company Cango mined 107.8 BTC this week, increasing its total holdings to 3288.9 coins.

PANews reported on May 23 that Cango, a Bitcoin mining company listed on the New York Stock Exchange, disclosed on the X platform that as of May 22, the company's mining output reached 107.8 bitcoins, increasing the total number of bitcoins it held to 3,288.9.
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B briefly fell below $0.15, with a 24-hour decline of 43.71%

Odaily News Market data shows that, possibly affected by the sale of WLFI, B briefly fell below 0.15 dollars, with a maximum 24-hour decline of 43.71%, currently reported at 0.1825 dollars.
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The WLFI related Address is selling B.

Odaily News WLFI related Address is for sale B
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Huang Licheng made over 2.1 million dollars in profit on the Hyperliquid platform in just one week of trading.

Lookonchain monitoring shows that Huang Licheng made a profit of over 2.1 million USD in just one week of trading on the Hyperliquid platform. He first deposited 6.04 million USDC and completed 7 long positions in ETH and HYPE, with a net gain of 669,600 USD; he then purchased 218,866 HYPE and staked, increasing his funds from 6.04 million USD to 8.2 million USD. The entire trading process lasted only one week.
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Data: A certain Whale spent 2.98 million USDC to purchase 1.86 million.

According to ChainCatcher news and monitoring by Onchain Lens, a certain Whale spent 2.98 million USDC to purchase 1.86 million FARTCOIN at a price of 1.60 USD each.
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Data: Bitcoin transaction fees rose over 50% this week, reaching 6.43 million dollars.

According to Jinse Finance, monitoring by Sentora (formerly IntoTheBlock) shows that as the BTC price breaks through $110,000, it sets a new historical high. The total transaction fees reached $6.43 million, with a rise of 51.03%.
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The new project Chainge by the founder of Multichain has trapped users' funds for months, and the promised solution has not been delivered.

PANews reported on May 23 that, according to Protos, the cross-chain DeFi project Chainge was revealed to have trapped user funds for several months, and the promised solution failed to materialize. The project is led by Multichain founder Zhao Jun (DJ Qian) and functions as both a cross-chain bridge and a decentralized exchange. According to user complaints, from the end of 2024 to the beginning of 2025, a large number of users reported that transactions could not be processed, especially the wKAS (packaged version of Kaspa) cross-chain problem. The team blamed "a lack of liquidity due to the abuse of services by malicious actors", but wKAS has now been significantly decoupled and the partnership with "kas.fyi" has been terminated. The project party stated on March 24 that "100% will be resolved," but as of May 22, it has not been fulfilled. The front-end page still has the cross-chain functionality open, posing a risk of continuing to attract funds. Pro
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Musk expands the use of Grok in the Efficiency Department, raising privacy concerns.

Elon Musk's Government Efficiency Department team is expanding the use of the artificial intelligence chatbot Grok within the U.S. federal government to analyze data, potentially violating conflict of interest laws and putting the sensitive information of millions of Americans at risk. This practice has raised concerns among privacy advocates and others, who believe it overlooks protections for sensitive data processing in the context of Trump's restructuring of U.S. government agencies.
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Hyperliquid's open contracts broke through $9 billion, HYPE's 24-hour rise reached 19%.

The open interest (OI) of the decentralized derivatives trading exchange Hyperliquid has surpassed $9.2 billion, reaching a historical high. The HYPE price has risen to $36.84, with a 24-hour increase of 19%. Bitcoin OI is the highest, reaching $4.2 billion; the open interest for Ethereum and HYPE contracts stands at $1.3 billion and $748 million respectively. Hyperliquid's daily trading volume has reached $11.5 billion, with daily revenue of $3.4 million. HyperliquidLabs supports the compliant development of DeFi in the U.S.
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Fishwar(FISHW) will be launched on Gate and the Airdrop event for GT holders will be opened.

Gate News bot message, according to the official announcement from Gate on May 23, 2025: Gate will list Fishwar(FISHW) tokens and launch the HODLer Airdrop campaign. The total amount of this airdrop is 28,469,750 FISHW, and participating users need to hold at least 1 GT token. The airdrop will end at 14:00(UTC+8) on May 30, 2025, and trading for the FISHW/USDT trading pair will open at 18:00(UTC+8) on the same day. Fishwar is a game project built on the Sei blockchain, integrating AI agents, NFT smart contracts, and DeFi mechanisms. The total supply of the FISHW token is 57,076,697,777, and the contract address is 0x805679729df385815c57c24b20f4161bd34b655f. The official website of the project is fishwar.io.
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Sources: Musk's DOGE team is expanding the use of Grok to analyze data within the U.S. federal government.

BlockBeats news, on May 23, three insiders revealed that Musk's DOGE team is expanding the use of his AI chatbot Grok within the U.S. federal government to analyze data. It is reported that Musk's team is using a customized version of the Grok chatbot. (Jin10)
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SOON(SOON) is about to go live on Gate Launchpool, staking BTC, ETH, or SOON can earn rewards every hour.

Gate News bot message, according to the announcement from Gate platform on May 23, 2025: Gate will soon launch the SOON (SOON) token on its Launchpool platform. Users can earn SOON token rewards by staking BTC, ETH, or SOON. The Launchpool event was divided into two phases. The first phase will be held from 20:00 on May 23, 2025 to 20:00(UTC+8) on May 29, 2025, with a total mining volume of 533,333 SOON. The second phase will be held from 20:00 on May 23, 2025 to 20:00(UTC+8) on June 22, 2025, with a total mining volume of 133,333 SOON. SOON is a cross-chain project, and its main products include SOON Stack, InterSOON, and Simpfor.Fun. SOON Stack is the first SVM Rollup Stack to introduce Solana to other ecosystems, InterSOON is a cross-chain messaging protocol, and Simpfor.Fun is a copy trading platform.
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500 billion yuan long-term special government bonds (Phase III) have completed the bidding, with a face Intrerest Rate of 2.10%.

Golden Ten Data reported on May 23 that the bidding for the 2025 ultra-long-term special treasury bonds (phase III) has been completed. The current treasury bonds are planned to be issued 50 billion yuan, and the actual face value of the issuance is 50 billion yuan. The term of the treasury bonds is 50 years, the coupon rate determined by the bidding is 2.10%, the interest will be calculated on May 25, 2025, and the distribution will be carried out until May 26 after the end of the bidding, and the listing will be carried out on May 28.
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