Today
2025/05/21

Bitcoin mining company Cipher Mining plans to issue convertible preferred notes to raise $150 million.

Nasdaq-listed Bitcoin mining company Cipher Mining plans to issue $150 million of convertible preferred notes to complete the construction of its data center project. At the same time, it will underwrite the issuance of common stock through Morgan Stanley to allow some note purchasers to engage in Hedging Transactions. This indicates that Cipher Mining is actively expanding its business scale and attracting investment.
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Mitsubishi UFJ: The Indonesian Central Bank may cut rates by 25 basis points.

Jin10 data May 21 news, Mitsubishi UFJ stated that the Indonesian Central Bank may lower its policy Interest Rate by 25 basis points to 5.50% today. Recently, the strengthening of the Indonesian rupiah against the US dollar should provide room for a return to policy easing. The bank may also mention the necessity of supporting the rise. Indonesia's economic growth rate slowed down in the first quarter, with the actual GDP year-on-year growth rate dropping from 5.02% in the fourth quarter of 2024 to 4.87%. Inflation in Indonesia has also been well controlled, with the core inflation rate stabilizing at 2.5% year-on-year in April.
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Xinhua Commentary: Online platforms charge fees in a "mystery box" style, where "small money" becomes a big deal.

The overtime billing issues encountered during shared OCN rides are troubling consumers, and there are various unsatisfactory deduction "traps" on the network platform. Consumers often choose not to complain due to the small amounts involved or the hassle, leading to a negative consumption experience. Paying attention to details and treating consumers sincerely is an important issue that network platforms should prioritize; only by establishing a trustworthy, secure, and comfortable consumption environment can they win consumers' long-term trust.
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TRUMP Official: The Trump Dinner and the Bitcoin Pizza Day are on the same day, worth pondering.

Golden Finance reports that the official X account of the Meme coin TRUMP stated that the Trump dinner will take place on Thursday local time, which is also Bitcoin Pizza Day, a coincidence that is worth pondering.
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The demand in the enterprise market has slowed in Q1, with the global NAND market size decreasing by 25% quarter-on-quarter.

Jin10 data reported on May 21, after several consecutive quarters of high rise, the procurement demand for enterprise SSDs in the first quarter showed a month-on-month decrease due to the delay of some data center projects. The stalling of enterprise SSDs as a key growth engine has broken the pattern of "server demand hedging against weak consumer end," resulting in a very weak overall demand for NAND Flash in Q1, with a clear oversupply in the market. In the first quarter, the global NAND Flash market size reached $13.01 billion, decreasing by 25.3% month-on-month and 14.2% year-on-year.
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Dubai 2049 Conference Summary: Stablecoins Become the Cornerstone of the Digital Economy, AI Development Draws Attention

Gate News bot message, at the Dubai 2049 conference, stablecoins have established their position as the infrastructure of the digital economy and occupy an important place in the Web3 ecosystem. The conference showed a cautious attitude toward discussions on artificial intelligence technology, indicating a gap between market expectations and the actual level of technological development. The conference also focused on the node sales business related to physical devices. Participants discussed topics such as strategic market entry plans, liquidity flow analysis, the building of exchange partnerships, and user-friendly token model design.
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Metaplanet CEO: The company's stock has been heavily shorted, but this strategy may not succeed.

Simon Gerovich, CEO of Metaplanet, believes that the company's stock may be the most shorted among Japanese listed companies, but pointed out that shorting Bitcoin is not a successful strategy. So far, Metaplanet has shown strong performance in Bitcoin holdings, holding 7,800 Bitcoins worth $833 million.
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Strive plans to acquire 75,000 Bitcoins in the Mt. Gox bankruptcy claims.

According to Gate News bot, as reported by Cointelegraph, Strive, founded by Vivek Ramaswamy, is advancing a significant acquisition plan. The company plans to acquire 75,000 Bitcoins from the bankruptcy claims related to Mt. Gox, with a total value of approximately $8 billion. Strive has reached a cooperation agreement with 117 Castell Advisory Group on May 20 and submitted relevant regulatory documents. As Mt. Gox is expected to complete its repayment to creditors before October 31, this transaction still requires shareholder approval to proceed. The goal of this acquisition is to acquire Bitcoin at a discounted price and increase the Bitcoin holding per share.
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Yesterday, FBTC had a net inflow of 23.3 million USD, and FETH had a net inflow of 19.8 million USD.

BlockBeats news, on May 21, according to monitoring by farside, yesterday FBTC had a net inflow of 23.3 million USD, and FETH had a net inflow of 19.8 million USD.
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Metaplanet is the most shorted stock in Japan, but its rise exceeded 100% within a month.

Odaily News According to Metaplanet CEO Simon Gerovich on the X platform, Metaplanet is the most shorted stock in Japan. According to market data, Metaplanet has risen above 780 yen today, rising 14.6% today, with an increase of over 100% in one month.
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Two major BTC Whales traders engage in a counter-trading battle on Hyperliquid by going long and short.

Famous trader James Wynn increased his BTC long order to 7,764 coins on the Hyperliquid platform, worth approximately $830 million; another trader "50x Insider Brother" opened a 40x leverage short order, shorting 826 BTC.
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Analysis: Ethereum forms a bullish flag pattern, a breakthrough above $3600 is expected.

The price of Ethereum is forming a "bull flag" pattern, with a target resistance level between $3000 and $3100, and it may rise to $3600 after breaking through $2600. Historical data shows that when ETH is above the middle line of the 2-week Gaussian channel, there is a significant rise. Although it failed in August 2022, the "golden cross" of the 50-day SMA and the 200-day SMA is expected to help ETH break through. However, if it fails to break through $2800, it may enter a consolidation period for several weeks.
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Japan's Minister of Agriculture, Forestry and Fisheries resigns after making remarks about rice issues that sparked public outrage.

Jin10 reported on May 21 that Japan's Minister of Agriculture, Forestry and Fisheries Takashi Eto resigned on Wednesday after he stated during a speech over the weekend that he "never buys rice," because supporters had given him so much that he had "more rice than he could sell". This move drew fierce criticism and angered consumers as rice prices continue to soar in Japan. Minister Takashi Eto said that Prime Minister Shigeru Ishiba has accepted his resignation, which may be seen as a setback for the current government. With Japan set to hold a House of Councillors election in July, the Ishiba government is facing its lowest approval ratings since taking office.
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Tuesday
2025/05/20

KULR Tech increases its Bitcoin holdings to 800 BTC, worth 78 million USD.

Golden Finance reported that KULR Tech increased its Bitcoin holdings to 800 BTC, reporting a Bitcoin yield of 220%. As part of its aggressive financial strategy, the company currently holds Bitcoin worth $78 million. KULR added $9 million in Bitcoin, bringing the total holdings to 800.3 BTC. The "Bitcoin yield" has reached 220.2%, which is a key indicator for the company. The strategy allocates 90% of the remaining cash to Bitcoin.
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The Federal Reserve (FED) Daly: The Federal Reserve's policy is in good shape.

Golden Finance reports, The Federal Reserve's Daly: The Federal Reserve's policy is in good shape and is highly sensitive to inflation risks.
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BTC_USDT breaks through 107000 USDT

Gate News bot news, according to Gate market data, the BTC_USDT price has broken through 107000 USDT, currently priced at 107105.5 USDT. 24-hour increase of 1.35%.
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Bridgewater Associates founder: The Federal Reserve (FED) is in a difficult position and should not cut interest rates.

Golden Finance reports that Ray Dalio, founder of Bridgewater Associates, states: The Federal Reserve is in a difficult position and should not lower interest rates.
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Low Interest Rate Changes Strategy, Private Sale "Abandon Debt Invest in Stocks"

According to the latest investment monthly report from private sales obtained from sources on May 21, many macro strategy private sales are maintaining a positive net long position in equity assets, with Hong Kong stock internet and dividend assets being particularly favored. Industry insiders believe that in the low interest rate era, the difficulty of bond investment has significantly increased, while the cost-effectiveness of equity assets has become increasingly prominent, especially with policies making a strong push and listed companies intensifying share buybacks. Internet companies benefiting from AI development and dividend assets with obvious high dividend characteristics are worth following.
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Apex Group acquires a majority stake in Tokeny, positioning itself for institutional-level tokenization services.

Gate News bot message, financial service provider Apex Group has officially announced the acquisition of a majority stake in enterprise-grade tokenization solution provider Tokeny. According to the acquisition plan, Apex Group will complete full ownership of Tokeny within the next three years. Previously, the two parties established a strategic partnership in December 2023. Apex Group will incorporate Tokeny's technology and team into its digital infrastructure system to enhance asset management and distribution efficiency, advancing tokenization in the institutional financial sector. Source: Wu Says
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U.S. Judge: Trump's violation of court order may constitute contempt of court.

Golden Finance reports that a U.S. judge stated that the Trump administration's actions to deport immigrants to South Sudan appear to violate court orders. Trump's violation of a court order may constitute contempt of court.
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Ethereum DEX daily active users hit a three-month high, reaching 64,000 people.

According to Gate News bot, The Block reports that the daily active users of Ethereum DEX reached approximately 64,000 on May 20, a 73% rise from the low of May 4, marking the highest level in three months. Data shows that the monthly total trading volume of DEX remains at around 15 billion USD. Among them, the Uniswap platform contributes about 13 billion USD in trading volume, accounting for 97% of user activity. Currently, DEX trading is mainly composed of small orders, with low participation from institutions and large trades.
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U.S. officials: Moody's downgrade is an attempt to time the impact on America's ability to pass the budget proposal.

Golden Finance reports that the Director of the U.S. Office of Management and Budget, Watt, stated that Moody's downgrade of the rating is an attempt to time the impact on the U.S.'s ability to pass the budget bill.
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The US Dollar Index DXY fell below 100, with a daily decline of 0.03%.

Golden Finance reports that the US Dollar Index DXY has fallen below 100, with a daily drop of 0.03%.
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BTC_USDT fell below 106000 USDT

Gate News bot reported that according to Gate market data, the BTC_USDT price has fallen below 106000 USDT, currently at 105987.7 USDT. The 24-hour rise is 0.70%.
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US intelligence: Israel is preparing to strike Iranian nuclear facilities, but a final decision has not yet been made.

U.S. officials revealed that Israel may attack Iranian nuclear facilities, potentially leading to conflicts in the Middle East. Although there are differences within the U.S. government on this issue, the Israeli attack may be related to its views on the U.S.-Iran nuclear negotiations. There are reports that the likelihood of Israel attacking Iranian nuclear facilities is increasing.
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Gold returns to 3300, reportedly Israel is preparing to attack Iranian nuclear facilities.

Spot gold has broken through the $3300 mark for the first time since May 9. U.S. media reported that U.S. intelligence has discovered that Israel is preparing to attack Iran's nuclear facilities.
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The Federal Reserve (FED) Harnack: Huge uncertainty puts heavy pressure on economic activity.

Golden Finance reports that The Federal Reserve's Harker stated: The White House tax proposal complicates forecasts. He does not wish to overreact to trade tensions. He believes that stagflation may become a major scenario in the future. Future policy measures may offset the impact of trade policies. Huge uncertainties are putting heavy pressure on economic activity.
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Analysts: Encryption policies remain a key catalyst, need to follow the potential development of strategic Bitcoin reserves

The upcoming Memecoin event and Vance's Bitcoin 2025 keynote speech by Trump may reveal new information. Analysts at K33 point out that encryption policy remains a catalyst and suggest following the development of strategic Bitcoin reserves. However, recent executive orders may have far-reaching impacts on the crypto market, involving policies such as the establishment of strategic Bitcoin reserves.
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The probability that the Federal Reserve will keep the interest rate unchanged in June is 94.7%.

Jin10 data, May 21: According to CME "The Federal Reserve (FED) Watch": The probability of the Federal Reserve keeping the interest rate unchanged in June is 94.7%, while the probability of a 25 basis point rate cut is 5.3%. The probability of the Federal Reserve maintaining the interest rate in July is 70.3%, with a cumulative probability of a 25 basis point rate cut at 28.4%, and a cumulative probability of a 50 basis point rate cut at 1.4%.
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Poll: Trump's approval rating drops to 42%

Golden Finance reports, Reuters/Ipsos poll: Trump's approval rating has dropped to 42%, down 2 percentage points from early May.
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Musk: Plans to stay at the White House for a few days every few weeks.

Golden Finance reports that Tesla CEO Elon Musk plans to stay in the White House for a few days every few weeks.
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Musk: There are currently no plans to merge TSL with xAI.

Golden Finance reports that TSL CEO Elon Musk stated that there are currently no plans to merge TSL with xAI. We are experiencing an explosive growth in intelligence.
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Trump: Determination to impose new sanctions on Russia

Golden Finance reports that U.S. President Trump has stated his determination to impose new sanctions on Russia.
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Hamas refused to release the proposed hostages, stating that there have been no "real negotiations" between the two sides.

On May 21, the Israeli Prime Minister's Office issued a statement on the evening of the 20th, saying that Israel had accepted the United States' proposal to release the detainees, but the Palestinian Islamic Resistance Movement (Hamas) still insisted on rejecting it. On the same day, Hamas issued a statement accusing the Israeli side of "pretending to be involved in the negotiation process" and that the two sides "did not conduct any real negotiations".
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New York City establishes a digital asset advisory committee to explore on-chain public records.

According to Gate News bot, CoinDesk reports that New York City Mayor Eric Adams announced the establishment of a digital asset advisory committee at the mayoral residence summit. The committee, made up of industry experts, is dedicated to promoting fintech job opportunities and advancing the city’s digital transformation. The committee chair is expected to be appointed in the coming weeks. Adams also announced that New York City is exploring the on-chain storage of public documents such as birth and death records for relatives to query and obtain relevant documents.
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Succinct launches zero-knowledge Virtual Machine SP1 Hypercube

According to The Block, Succinct, a startup backed by Paradigm, has launched its next-generation zero-knowledge virtual machine, SP1 Hypercube. The company stated that the SP1 Hypercube can generate zero-knowledge proofs for Ethereum blocks in 12 seconds.
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Trump officially announces the "Gold Dome" defense plan: Allocating $25 billion to be put into use before the end of his term.

On May 21, Jin10 reported that US President Trump announced the Golden Dome Defense System. Trump stated that the dome should be operational before the end of his term. A design plan has been selected for the system, which will include space-based interceptors. Canada has also expressed interest in joining the "Golden Dome" defense system. The US has helped Israel establish their system, which is more advanced than Israel's. Trump also mentioned that the congressional bill will include $25 billion for the Golden Dome system, with a total budget reaching $175 billion.
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JPMorgan CEO: The likelihood of an economic recession is 50%

ChainCatcher news, JPMorgan CEO Dimon stated that the possibility of an economic recession is 50%.
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Trump: The United States must maintain its global leadership in WiFi, 5G, and 6G, which will release a large amount of spectrum for auction.

Jin10 data, May 21: U.S. President Trump: We must maintain our global leadership in WiFi, 5G, and 6G, allowing every American to connect to the best networks in the world while ensuring everyone's safety. We can do both at the same time. Most importantly, I will release a large amount of spectrum for auction, so Congress must put 600 megahertz into the "Beautiful Law." We need to ensure that all options are on the table. Never bet against the creativity of the American people. Make America great again!
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BTC_USDT breaks through 107000 USDT

Gate News bot message, according to Gate market data, the BTC_USDT price has surpassed 107000 USDT, currently at 107155.7 USDT. The 24-hour increase is 1.51%.
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Michael Saylor: Bitcoin is changing the equity capital market

ChainCatcher news, Strategy founder Michael Saylor posted that Bitcoin is changing the equity capital market.
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The armed conflict in Sudan exacerbates the food crisis, with food prices rising by 124% year-on-year.

Jin10 data reported on May 21, local time on May 20, the United Nations World Food Programme released a report on the situation in Sudan stating that in April of this year, the overall food prices in Sudan rose by 124% compared to the same period last year, and rose by 12% month-on-month. Among them, the price of wheat increased by 121% year-on-year and rose by 11% month-on-month; the price of peanuts increased by 89% year-on-year and rose by 8% month-on-month; the price of goats increased by 235% year-on-year and rose by 8% month-on-month. The report also pointed out that the Sudanese currency, the Sudanese pound, continues to depreciate, with its exchange rate against the US dollar falling by 88% year-on-year.
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Data: James Wynn has re-established Bitcoin long positions, with the current position valued at approximately 279 million USD.

According to ChainCatcher news, on-chain analyst Yu Jin monitored that trader James Wynn reduced his Bitcoin long positions from 570 million USD to 190 million USD today, realizing a profit of 6.2 million USD. Subsequently, it began to re-increase long positions, currently holding 2,675 Bitcoins with 40x leverage, the position value is approximately 279 million USD. The opening price of this position is 103,629 USD, and the liquidation price is 87,765 USD.
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The US dollar index fell on the 20th.

The dollar index fell by 0.31%, closing at 100.119. The euro rose to 1.1273 against the dollar, and the pound rose to 1.3379 against the dollar. The dollar decreased to 144.55 against the yen, to 0.8298 against the Swiss franc, to 1.3930 against the Canadian dollar, and to 9.6540 against the Swedish krona.
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