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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

On May 13, according to Lianhe Zaobao, Trump will make a state visit to China, and the White House announced the list of 17 business leaders accompanying him on the 11th, covering sectors such as technology, finance, aviation, and agriculture, including Tesla's Musk, Apple's Cook, and Boeing's Calhoun. Nvidia CEO Jensen Huang was not invited, raising concerns. Huang had previously stated that it would be an honor to be invited to visit China. Analysts point out that his absence is primarily due to the intensified competition in the AI sector between the US and China, with Nvidia's chips caught in a dilemma of 'the US may not want to sell, and China may not want to buy,' making it difficult to secure large orders, which does not align with Trump's goal of seeking significant deals during this visit. Washington think tank researcher Fadak said that the US views AI computing power as a key competitive factor against China and is unwilling to make concessions on AI chip exports. Shen Meng from Xiangsong Capital stated that the US is using AI technology as a leverage to constrain China, while China has launched domestic chips compatible with local large models, significantly reducing the necessity for Huang to accompany Trump. Trump's visit will focus on agriculture and commercial aviation, aiming to facilitate Boeing aircraft orders while advancing the implementation of details related to the US-China Trade Committee. The trip aims to secure large orders to boost the US midterm elections, but the likelihood of replicating the $253.5 billion deal from 2017 is low. (Dongxin News Agency)

[Jensen Huang Not Accompanying Trump on China Visit: Analysis on Nvidia's Chip Order Challenges]On May 13, according to Lianhe Zaobao, Trump will make a state visit to China, and the White House announced the list of 17 business leaders accompanying him on the 11th, covering sectors such as technology, finance, aviation, and agriculture, including Tesla's Musk, Apple's Cook, and Boeing's Calhoun. Nvidia CEO Jensen Huang was not invited, raising concerns. Huang had previously stated that it would be an honor to be invited to visit China. Analysts point out that his absence is primarily due to the intensified competition in the AI sector between the US and China, with Nvidia's chips caught in a dilemma of 'the US may not want to sell, and China may not want to buy,' making it difficult to secure large orders, which does not align with Trump's goal of seeking significant deals during this visit. Washington think tank researcher Fadak said that the US views AI computing power as a key competitive factor against China and is unwilling to make concessions on AI chip exports. Shen Meng from Xiangsong Capital stated that the US is using AI technology as a leverage to constrain China, while China has launched domestic chips compatible with local large models, significantly reducing the necessity for Huang to accompany Trump. Trump's visit will focus on agriculture and commercial aviation, aiming to facilitate Boeing aircraft orders while advancing the implementation of details related to the US-China Trade Committee. The trip aims to secure large orders to boost the US midterm elections, but the likelihood of replicating the $253.5 billion deal from 2017 is low. (Dongxin News Agency)

Jensen Huang Not Accompanying Trump on China Visit: Analysis on Nvidia's Chip Order Challenges

On May 13, the U.S. Court of Appeals for the District of Columbia heard oral arguments in the conviction appeal of Roman Sterlingov, the operator of the Bitcoin mixing service Bitcoin Fog. This case tests a core theory of the U.S. Department of Justice: that global internet encryption services are subject to U.S. money transmission laws if they serve U.S. users and conduct cross-border transactions, even if the services primarily operate abroad. The defense attorney argued that the U.S. government artificially created jurisdiction by conducting a small number of transactions through undercover operations, questioning whether this standard could subject any website to U.S. law enforcement. The prosecution emphasized that Bitcoin Fog intended to serve international (including U.S.) users and must comply with U.S. regulations. The judges also raised concerns about the reliability of the FBI's analysis linking Sterlingov to the service through 'IP overlap,' suggesting it lacks scientific validation. The outcome of this case will impact similar prosecutions against developers of privacy tools like Tornado Cash and Samourai Wallet, as well as the boundaries of U.S. cross-border enforcement of cryptocurrency services.

[Bitcoin Fog Operator Appeals Conviction, A Landmark Case for U.S. Crypto Enforcement]On May 13, the U.S. Court of Appeals for the District of Columbia heard oral arguments in the conviction appeal of Roman Sterlingov, the operator of the Bitcoin mixing service Bitcoin Fog. This case tests a core theory of the U.S. Department of Justice: that global internet encryption services are subject to U.S. money transmission laws if they serve U.S. users and conduct cross-border transactions, even if the services primarily operate abroad. The defense attorney argued that the U.S. government artificially created jurisdiction by conducting a small number of transactions through undercover operations, questioning whether this standard could subject any website to U.S. law enforcement. The prosecution emphasized that Bitcoin Fog intended to serve international (including U.S.) users and must comply with U.S. regulations. The judges also raised concerns about the reliability of the FBI's analysis linking Sterlingov to the service through 'IP overlap,' suggesting it lacks scientific validation. The outcome of this case will impact similar prosecutions against developers of privacy tools like Tornado Cash and Samourai Wallet, as well as the boundaries of U.S. cross-border enforcement of cryptocurrency services.

Bitcoin Fog Operator Appeals Conviction, A Landmark Case for U.S. Crypto Enforcement

BNKR fluctuated by 52.21% within 24 hours, current price $0.00046345

【BNKR fluctuated over 50% in 24 hours!】BNKR fluctuated by 52.21% within 24 hours, current price $0.00046345

BNKR fluctuated over 50% in 24 hours!

On May 13, Aave announced that the initial steps of the rsETH technical recovery plan have been completed, which included the destruction of rsETH held by the attackers on Arbitrum. In the coming days, stakeholders will gradually replenish funds to the LayerZero OFT adapter and phase in the restart of rsETH-related operations. Kelp previously stated that it has completed a series of recovery steps for rsETH in collaboration with Aave, planning to gradually inject 117,132 rsETH from the Aave Recovery Guardian and Kelp Recovery Safe into the LayerZero OFT adapter on the Ethereum mainnet.

[Aave and Kelp Complete Initial Steps of rsETH Technical Recovery Plan, Destroying Attackers' rsETH on Arbitrum]On May 13, Aave announced that the initial steps of the rsETH technical recovery plan have been completed, which included the destruction of rsETH held by the attackers on Arbitrum. In the coming days, stakeholders will gradually replenish funds to the LayerZero OFT adapter and phase in the restart of rsETH-related operations. Kelp previously stated that it has completed a series of recovery steps for rsETH in collaboration with Aave, planning to gradually inject 117,132 rsETH from the Aave Recovery Guardian and Kelp Recovery Safe into the LayerZero OFT adapter on the Ethereum mainnet.

Aave and Kelp Complete Initial Steps of rsETH Technical Recovery Plan, Destroying Attackers' rsETH on Arbitrum

On May 13, expectations of renewed conflict in the Middle East have surfaced again, as Trump is considering resuming military action against Iran. At the same time, Iran has presented the U.S. with an 'entry ticket' for nuclear talks, which includes demands for asset unfreezing and recognition of sovereignty over the Strait of Hormuz. Currently, the demands from both sides remain irreconcilable. An overview of the U.S.-Iran conflict developments is as follows: U.S. Defense Secretary: The ceasefire agreement with Iran remains valid. The U.S. plans to rename operations to circumvent war authorization deadlines. Trump stated that preventing Iran from developing nuclear weapons is 'just a matter of time.' The U.S. has offered a $15 million reward for disrupting Iran's Revolutionary Guard funding network. The Pentagon reports that the cost of war with Iran has risen to approximately $29 billion and may increase further. Trump claims he will have '100% control' over Iran's nuclear dust, asserting that Iran will '100%' abandon nuclear weapons. U.S. media: Trump is considering resuming military action against Iran; U.S. officials question the efficiency of Pakistan's communication. Iran has filed a lawsuit with international arbitration institutions regarding U.S. actions in the '12-Day War.' According to Iran's Tasnim News Agency, the Islamic Revolutionary Guard Corps conducted military exercises in Tehran Province. Recent assessments show that Iran retains operational capabilities at 30 out of 33 missile sites along the Strait of Hormuz, indicating that Iran's military strength is far greater than what Trump claims. Regarding the Strait of Hormuz and ceasefire negotiations, Iran has presented the U.S. with an 'entry ticket' for nuclear talks, including asset unfreezing and recognition of sovereignty over the Strait of Hormuz. The UK will send drones, fighter jets, and warships to participate in operations in the Strait of Hormuz. The U.S. military has readjusted the routes of 65 commercial vessels, resulting in 4 vessels being unable to operate. White House National Economic Council Director Hassett: Trump is confident that the Strait of Hormuz will soon be open. Trump: When negotiating with Iran, I do not consider the financial situation of the American people; I do not consider anyone. According to PolyBeats monitoring, on the prediction market Polymarket, the probability of a 'permanent peace agreement between the U.S. and Iran' is 2% before May 15, 17% before May 31, and 35% before June 30.

[Iran Offers 'Entry Ticket' for Nuclear Talks to the U.S., Trump Considers Resuming Military Action Against Iran, Middle East Conflict May Reignite]On May 13, expectations of renewed conflict in the Middle East have surfaced again, as Trump is considering resuming military action against Iran. At the same time, Iran has presented the U.S. with an 'entry ticket' for nuclear talks, which includes demands for asset unfreezing and recognition of sovereignty over the Strait of Hormuz. Currently, the demands from both sides remain irreconcilable. An overview of the U.S.-Iran conflict developments is as follows: U.S. Defense Secretary: The ceasefire agreement with Iran remains valid. The U.S. plans to rename operations to circumvent war authorization deadlines. Trump stated that preventing Iran from developing nuclear weapons is 'just a matter of time.' The U.S. has offered a $15 million reward for disrupting Iran's Revolutionary Guard funding network. The Pentagon reports that the cost of war with Iran has risen to approximately $29 billion and may increase further. Trump claims he will have '100% control' over Iran's nuclear dust, asserting that Iran will '100%' abandon nuclear weapons. U.S. media: Trump is considering resuming military action against Iran; U.S. officials question the efficiency of Pakistan's communication. Iran has filed a lawsuit with international arbitration institutions regarding U.S. actions in the '12-Day War.' According to Iran's Tasnim News Agency, the Islamic Revolutionary Guard Corps conducted military exercises in Tehran Province. Recent assessments show that Iran retains operational capabilities at 30 out of 33 missile sites along the Strait of Hormuz, indicating that Iran's military strength is far greater than what Trump claims. Regarding the Strait of Hormuz and ceasefire negotiations, Iran has presented the U.S. with an 'entry ticket' for nuclear talks, including asset unfreezing and recognition of sovereignty over the Strait of Hormuz. The UK will send drones, fighter jets, and warships to participate in operations in the Strait of Hormuz. The U.S. military has readjusted the routes of 65 commercial vessels, resulting in 4 vessels being unable to operate. White House National Economic Council Director Hassett: Trump is confident that the Strait of Hormuz will soon be open. Trump: When negotiating with Iran, I do not consider the financial situation of the American people; I do not consider anyone. According to PolyBeats monitoring, on the prediction market Polymarket, the probability of a 'permanent peace agreement between the U.S. and Iran' is 2% before May 15, 17% before May 31, and 35% before June 30.

Iran Offers 'Entry Ticket' for Nuclear Talks to the U.S., Trump Considers Resuming Military Action Against Iran, Middle East Conflict May Reignite

On May 13, Microsoft's threat intelligence department disclosed that attackers had embedded malicious code into the Mistral AI software package distributed via the PyPI platform. This malicious code automatically runs when developers use it on Linux systems, downloading a malicious file named transformers.pyz and executing it in the background, with the filename deliberately mimicking the widely used Hugging Face Transformers library to confuse users. Microsoft pointed out that this malware primarily steals developers' login credentials and access tokens, and it avoids Russian systems; some of the code can randomly delete device files located in Israel or Iran. This attack is related to the 'Shai-Hulud' supply chain attack activity that began in September. Mistral responded that investigations show the attack originated from compromised developer devices, and the company's infrastructure was not breached.

[Hackers Embed Malware in Mistral AI Software Package]On May 13, Microsoft's threat intelligence department disclosed that attackers had embedded malicious code into the Mistral AI software package distributed via the PyPI platform. This malicious code automatically runs when developers use it on Linux systems, downloading a malicious file named transformers.pyz and executing it in the background, with the filename deliberately mimicking the widely used Hugging Face Transformers library to confuse users. Microsoft pointed out that this malware primarily steals developers' login credentials and access tokens, and it avoids Russian systems; some of the code can randomly delete device files located in Israel or Iran. This attack is related to the 'Shai-Hulud' supply chain attack activity that began in September. Mistral responded that investigations show the attack originated from compromised developer devices, and the company's infrastructure was not breached.

Hackers Embed Malware in Mistral AI Software Package

On May 13, the KOSPI index in South Korea fell sharply by 3% during the day, currently reported at 7411.84 points. Samsung Electronics dropped over 5%. (Dongxin News Agency)

[KOSPI Index in South Korea Plummets by 3%]On May 13, the KOSPI index in South Korea fell sharply by 3% during the day, currently reported at 7411.84 points. Samsung Electronics dropped over 5%. (Dongxin News Agency)

KOSPI Index in South Korea Plummets by 3%

According to ABC News, Caroline Ellison, CEO of Alameda Research, Bankman-Fried's privately-controlled hedge fund, and Gary Wang, co-founder of FTX, pleaded guilty earlier this week, according to newly unsealed court documents. Ellison pleaded guilty to conspiracy to commit wire fraud on customers of FTX, wire fraud on customers of FTX, conspiracy to commit wire fraud on lenders of Alameda Research and wire fraud on lenders of Alameda Research, conspiracy to commit commodities fraud, conspiracy to commit securities fraud and conspiracy to commit money laundering, according to the court documents. Together, the seven counts carry a maximum sentence of 110 years in prison. Wang pleaded guilty to four counts: conspiracy to commit wire fraud on customers of FTX, wire fraud on customers of FTX, conspiracy to commit commodities fraud and conspiracy to commit securities fraud, the court documents stated. He faces up to 50 years in prison.

Detail

【Alameda former CEO and FTX co-founder face up to 110 years and 50 years in prison respectively】According to ABC News, Caroline Ellison, CEO of Alameda Research, Bankman-Fried's privately-controlled hedge fund, and Gary Wang, co-founder of FTX, pleaded guilty earlier this week, according to newly unsealed court documents. Ellison pleaded guilty to conspiracy to commit wire fraud on customers of FTX, wire fraud on customers of FTX, conspiracy to commit wire fraud on lenders of Alameda Research and wire fraud on lenders of Alameda Research, conspiracy to commit commodities fraud, conspiracy to commit securities fraud and conspiracy to commit money laundering, according to the court documents. Together, the seven counts carry a maximum sentence of 110 years in prison. Wang pleaded guilty to four counts: conspiracy to commit wire fraud on customers of FTX, wire fraud on customers of FTX, conspiracy to commit commodities fraud and conspiracy to commit securities fraud, the court documents stated. He faces up to 50 years in prison.

Alameda former CEO and FTX co-founder face up to 110 years and 50 years in prison respectively

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Alameda former CEO and FTX co-founder face up to 110 years and 50 years in prison respectively

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