May 23 Market Key Insights, How Much Did You Miss?

Editor's Picks

1.Arthur Hayes: Bull Market Target May Be "HYPE Beyond SOL"

2.SOL Breaks $185, Price Hits Near 3-Month High

3.CZ Refutes WSJ's "WLFI Intermediary" Report: I Am Not Anyone's Middleman

4.Farcaster Ecosystem Project Noice Surpasses $10 Million Market Cap, 24-Hour Gain Reaches 102%

5.$55,000-Value TRUMP Dinner Menu Revealed: Organic Garden Salad, Choice of Filet Mignon or Pan-Seared Halibut as Main Course

Editor's Articles

1. "Now You Can Buy NVIDIA on Kraken, How Is It Different from Stock Trading at Brokerages?"

Recently, more and more institutions and regulatory bodies in the traditional financial sector have begun to accept cryptocurrency, and more and more projects in the crypto space intend to comply in exchange for greater exposure. Building in this space takes a long time, but breaking out can happen in an instant, with various trend indicators such as the inauguration of the Trump administration, the SEC's change in attitude, the recent passage of stablecoin legislation, and cryptocurrency exchange Coinbase's entry into the S&P 500. This has led many previously cautious crypto projects and brokerage firms to "fearlessly" engage in security tokenization business, and the emergence of an on-chain "Nasdaq" has proliferated like mushrooms after the rain.

2. "The Lingering "Mole" and Coinbase's "Deaf-Mute" for 5 Months"

On May 8, cryptocurrency detective ZachXBT posted on his personal channel, clearly stating: Another $45 million has been "socially engineered" away from Coinbase users. In the past few months, he has tracked similar cases totaling up to nine figures. The scammers' usual tactic is to impersonate Coinbase support, calling or emailing users, then gradually guiding them to click on a phishing link disguised as the official website, and finally transferring the funds to the scammer's wallet. Some ask, how is it related to Coinbase if users fell for social engineering? "The platform is not a government regulatory agency, how can it prevent users from clicking on phishing emails?" First, other major exchanges have not experienced similar scams on such a large scale. Second, many victims have consistently reported that the scammers not only accurately mentioned their account balances and transaction times but could even produce their ID photos, "everything was too real." All signs point to: Coinbase data breach.

On-chain Data

On-chain Fund Movement on May 23