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SAGA fluctuated by 146.54% within 24 hours, current price $0.03522

【SAGA fluctuated over 50% in 24 hours!】SAGA fluctuated by 146.54% within 24 hours, current price $0.03522

SAGA fluctuated over 50% in 24 hours!

HTX data monitoring shows that BTC has broken through 81,000 USDT, currently reported at 81,013.33 USDT, with a 24H decline of 0.42%.

【BTC breaks through 81000 USDT】HTX data monitoring shows that BTC has broken through 81,000 USDT, currently reported at 81,013.33 USDT, with a 24H decline of 0.42%.

BTC breaks through 81000 USDT

On May 13, Jin-Wook Kim from Citigroup stated that the pace of interest rate hikes by the Bank of Korea may be faster than anticipated, potentially starting in July. The economist noted that fiscal spending is expected to increase, supported by corporate tax revenues from semiconductor companies, which could lead the Bank of Korea into a tightening cycle longer than previously expected. Considering the upward risks to economic growth and inflation, Kim currently forecasts that the Bank of Korea will implement four rate hikes of 25 basis points each by the end of April 2027, more than the earlier prediction of two hikes by the end of October 2026. Citi has also raised its economic growth forecasts for South Korea to 3.0% and 2.8% for 2026 and 2027, respectively, up from earlier predictions of 2.9% and 2.4%. (Dongxin News Agency)

[Citi: South Korea's Rate Hikes May Be Faster Than Expected]On May 13, Jin-Wook Kim from Citigroup stated that the pace of interest rate hikes by the Bank of Korea may be faster than anticipated, potentially starting in July. The economist noted that fiscal spending is expected to increase, supported by corporate tax revenues from semiconductor companies, which could lead the Bank of Korea into a tightening cycle longer than previously expected. Considering the upward risks to economic growth and inflation, Kim currently forecasts that the Bank of Korea will implement four rate hikes of 25 basis points each by the end of April 2027, more than the earlier prediction of two hikes by the end of October 2026. Citi has also raised its economic growth forecasts for South Korea to 3.0% and 2.8% for 2026 and 2027, respectively, up from earlier predictions of 2.9% and 2.4%. (Dongxin News Agency)

Citi: South Korea's Rate Hikes May Be Faster Than Expected

On May 13, on-chain analyst Yu Jin reported that Spark has commenced the third month of its SPK buyback program. Six hours ago, 326,900 USDS were transferred to the buyback wallet to initiate the buyback. In the previous two months, they spent a total of 986,000 USDS to repurchase 41,372,000 SPK, with an average buyback price of $0.0238.

[Spark Initiates Third Month of SPK Buyback: 326,900 USDS Transferred to Buyback Wallet]On May 13, on-chain analyst Yu Jin reported that Spark has commenced the third month of its SPK buyback program. Six hours ago, 326,900 USDS were transferred to the buyback wallet to initiate the buyback. In the previous two months, they spent a total of 986,000 USDS to repurchase 41,372,000 SPK, with an average buyback price of $0.0238.

Spark Initiates Third Month of SPK Buyback: 326,900 USDS Transferred to Buyback Wallet

On May 13, YuTree Technology announced the release of the world's first mass-produced manned mech, the GD01, on May 12. This mech is transformable, aimed at civilian use, and weighs approximately 500 kilograms. Musk responded on social media, stating, 'Very cool.'

[Musk Praises YuTree's Manned Mech GDO1]On May 13, YuTree Technology announced the release of the world's first mass-produced manned mech, the GD01, on May 12. This mech is transformable, aimed at civilian use, and weighs approximately 500 kilograms. Musk responded on social media, stating, 'Very cool.'

Musk Praises YuTree's Manned Mech GDO1

On May 13, according to the Bloomberg Billionaires Index, after accounting for previously undisclosed transactions, members of the Trump family profited approximately $1.55 billion from the sale of World Liberty Financial Inc. tokens, increasing their total wealth by about $660 million. These sales reveal a new source of income for the wealth of U.S. President Trump's family. Since the end of 2024, the Trump family has accumulated hundreds of millions in revenue through a series of cryptocurrency ventures, including Bitcoin mining and a meme coin named after Trump.

[Trump Family Members Profit Approximately $1.55 Billion from WLFI Token Sales, Total Wealth Increases by About $660 Million]On May 13, according to the Bloomberg Billionaires Index, after accounting for previously undisclosed transactions, members of the Trump family profited approximately $1.55 billion from the sale of World Liberty Financial Inc. tokens, increasing their total wealth by about $660 million. These sales reveal a new source of income for the wealth of U.S. President Trump's family. Since the end of 2024, the Trump family has accumulated hundreds of millions in revenue through a series of cryptocurrency ventures, including Bitcoin mining and a meme coin named after Trump.

Trump Family Members Profit Approximately $1.55 Billion from WLFI Token Sales, Total Wealth Increases by About $660 Million

On May 13, Aave officially announced that the initial steps of the rsETH recovery plan have been completed, including the destruction of the attackers' rsETH on Arbitrum. In the coming days, the LayerZero OFT adapter will gradually be supplemented and rsETH operations will be reopened. Kelp stated that within the next two weeks, 117,132 rsETH will be gradually transferred from the Aave Recovery Guardian and Kelp Recovery Safe to the mainnet's LayerZero OFT adapter. The rsETH on both the mainnet and L2s will always maintain full support. Kelp plans to resume operations within 24 hours after the first batch of withdrawals to the LayerZero OFT adapter, following the lifting of the suspension. All rsETH operations—deposits, redemptions, bridging, and claims—will return to normal once the contract suspension is lifted.

[Aave: Initial Steps of rsETH Recovery Plan Completed, Attackers' rsETH on Arbitrum Destroyed]On May 13, Aave officially announced that the initial steps of the rsETH recovery plan have been completed, including the destruction of the attackers' rsETH on Arbitrum. In the coming days, the LayerZero OFT adapter will gradually be supplemented and rsETH operations will be reopened. Kelp stated that within the next two weeks, 117,132 rsETH will be gradually transferred from the Aave Recovery Guardian and Kelp Recovery Safe to the mainnet's LayerZero OFT adapter. The rsETH on both the mainnet and L2s will always maintain full support. Kelp plans to resume operations within 24 hours after the first batch of withdrawals to the LayerZero OFT adapter, following the lifting of the suspension. All rsETH operations—deposits, redemptions, bridging, and claims—will return to normal once the contract suspension is lifted.

Aave: Initial Steps of rsETH Recovery Plan Completed, Attackers' rsETH on Arbitrum Destroyed

On May 13, according to monitoring by Lookonchain, after being inactive for over a year, wallet 0xB476 spent 5.81 million USDC to purchase 2,570 ETH at a price of $2,261 each, just 7 hours ago.

[Wallet Spends 5.81 Million USDC to Acquire 2,570 ETH After Over a Year of Silence]On May 13, according to monitoring by Lookonchain, after being inactive for over a year, wallet 0xB476 spent 5.81 million USDC to purchase 2,570 ETH at a price of $2,261 each, just 7 hours ago.

Wallet Spends 5.81 Million USDC to Acquire 2,570 ETH After Over a Year of Silence

On May 13, Wintermute's market report indicated that Bitcoin's rise past $80,000 was primarily driven by a short squeeze in the perpetual futures market rather than by spot demand. Over the past month, Bitcoin futures open interest increased by approximately $10 billion to $58 billion, while spot trading volume fell to a two-year low. When Bitcoin surpassed $70,000, a large number of shorts were forced to cover, triggering a buying spree that pushed prices higher. Wintermute warned that the rally, lacking support from spot demand, is fragile and the market may face a sharp reversal. In the long term, recent net inflows into spot ETFs totaled $623 million, and the exchange Bitcoin supply has dropped to a seven-year low, but these factors are insufficient to offset short-term risks. The higher-than-expected U.S. CPI data and uncertainty surrounding the Federal Reserve chair nomination may also exacerbate market pressures. Wintermute stated that while reaching $85,000 remains possible, the risk-reward ratio for buying at current levels is poor.

[Wintermute: Bitcoin's Surge Past $80,000 Driven More by Short Squeeze Than Healthy Demand]On May 13, Wintermute's market report indicated that Bitcoin's rise past $80,000 was primarily driven by a short squeeze in the perpetual futures market rather than by spot demand. Over the past month, Bitcoin futures open interest increased by approximately $10 billion to $58 billion, while spot trading volume fell to a two-year low. When Bitcoin surpassed $70,000, a large number of shorts were forced to cover, triggering a buying spree that pushed prices higher. Wintermute warned that the rally, lacking support from spot demand, is fragile and the market may face a sharp reversal. In the long term, recent net inflows into spot ETFs totaled $623 million, and the exchange Bitcoin supply has dropped to a seven-year low, but these factors are insufficient to offset short-term risks. The higher-than-expected U.S. CPI data and uncertainty surrounding the Federal Reserve chair nomination may also exacerbate market pressures. Wintermute stated that while reaching $85,000 remains possible, the risk-reward ratio for buying at current levels is poor.

Wintermute: Bitcoin's Surge Past $80,000 Driven More by Short Squeeze Than Healthy Demand

According to Finbold, as the legal battle between Ripple and the United States Securities and Exchange Commission (SEC) drags on, the blockchain company’s chief executive officer has more scathing criticism for the regulator. Ripple’s CEO Brad Garlinghouse believes that the SEC can be characterized as being a “bully” that is trying to “regulate through enforcement” in his interview with the CNBC. In the interview, the Ripple CEO highlighted that 95% of his company’s growth was from customers outside the U.S. “partly because the rules of the road are clear in those countries,” as well as because of the SEC’s regulation practices. He said: “The SEC is trying to regulate through enforcement. That’s a super inefficient way to do this, as opposed to ‘let’s do the work, let’s provide the clarity’.” Furthermore, Garlinghouse referred to the SEC as being a bully, forcing cryptocurrency companies to simply give up as they can’t afford to waste money on lawsuits that require a lot of time. He said: “I would characterize the SEC has built a reputation I think it deserves as being a bully. Many players that the SEC has gone after simply have to fold their cards.”

Detail

【Ripple CEO claims the SEC is a bully ‘trying to regulate through enforcement’】According to Finbold, as the legal battle between Ripple and the United States Securities and Exchange Commission (SEC) drags on, the blockchain company’s chief executive officer has more scathing criticism for the regulator. Ripple’s CEO Brad Garlinghouse believes that the SEC can be characterized as being a “bully” that is trying to “regulate through enforcement” in his interview with the CNBC. In the interview, the Ripple CEO highlighted that 95% of his company’s growth was from customers outside the U.S. “partly because the rules of the road are clear in those countries,” as well as because of the SEC’s regulation practices. He said: “The SEC is trying to regulate through enforcement. That’s a super inefficient way to do this, as opposed to ‘let’s do the work, let’s provide the clarity’.” Furthermore, Garlinghouse referred to the SEC as being a bully, forcing cryptocurrency companies to simply give up as they can’t afford to waste money on lawsuits that require a lot of time. He said: “I would characterize the SEC has built a reputation I think it deserves as being a bully. Many players that the SEC has gone after simply have to fold their cards.”

Ripple CEO claims the SEC is a bully ‘trying to regulate through enforcement’

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Ripple CEO claims the SEC is a bully ‘trying to regulate through enforcement’

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