song77

🚨 Why did Bitcoin dump hard today? 📉 $BTC first pumped hard to around $82K because traders got excited about positive crypto regulation news (CLARITY Act progress). But once that news actually moved forward, many traders started taking profits. This is what traders call “sell the news”. Price goes up on hype, then drops when the event actually happens. Then the second hit came. Markets were also expecting positive tariff news from the China summit, but Trump said there were no such discussions. That disappointed investors, US markets dropped, and crypto followed. So Bitcoin dumped because of profit-taking + bad macro news + panic liquidations. This is crypto. It moves fast 😅

$BILL is starting to look like the same trap I’ve seen so many times. How many times will you fall for the same script? $BILL follows the classic “New Launch Pump & Dump” manual, yet retail traders rush to “buy the dip.” Stop being the exit liquidity for whales and start trading like a pro! Most new coins that pump this hard do not hold those levels. They usually retrace heavily once the launch hype dies and early buyers start taking profits. What I’m seeing right now is weak bounce attempts getting sold into, which tells me sellers are still in control. Personally, I’d be very careful chasing this here. Not financial advice, but for me the risk looks more on the downside than upside at these levels.$LAB $RAVE

$RIVER is finally starting to pump. OI is growing slowly but surely. Good.$KITE

BITCOIN. $BTC BEARS ARE PUSHING HARD AT A CRUCIAL RESISTANCE LEVEL. BULLS NEED TO PUSH THE PRICE UP AND HOLD THIS LEVEL TO AVOID CONTINUING THE DOWNWARD TREND.

$OPG stock Triple bottom pattern Most believe the third time is always the lucky one 👌 About to rise higher, setting a bullish target of $0.35, $0.5, then $1

Nearly 70 senior officials and nominees in the Trump administration, accounting for over 20% of the total, have invested in crypto or blockchain-related assets, with the lowest disclosed value reaching $193 million. Trump himself holds at least $51 million, with Vice President Vance and several cabinet members also holding positions worth millions of dollars. The article also mentions that some individuals from the crypto industry have joined the Trump administration, the SEC has suspended lawsuits, and efforts are underway to promote strategic Bitcoin reserves and stablecoin legislation. The article further notes that critics are concerned about potential conflicts of interest and ethical issues.$BTC #TradeStocksOnOKX

On May 17, Lookonchain reported that a wallet (0x77a5) linked to the Trump family's crypto project World Liberty Financial sold 4870 ETH at an average price of $2178 about 8 hours ago. v$WLFI $ETH

According to Deputy Governor of the Bank of Japan Ryozo Himino, speaking at the annual meeting of the Japanese Financial Association, he called for a "comprehensive approach" to designing the future global monetary system. He argued that options should not be limited to central bank digital currencies (CBDCs) and stablecoins, but should also consider tokenized bank deposits and blockchain-based central bank reserves. Mr. Himino stated that the U.S. has banned the issuance of CBDCs and instead promotes stablecoins to reinforce the dollar's status as the global reserve currency, while Europe is committed to advancing the digital euro to address regional fragmentation of the retail payment system. He pointed out that these differing approaches indicate that designing the future monetary system requires a comprehensive consideration of multiple factors, including technological feasibility, social costs, user convenience, financial stability, and monetary policy. "Japan has prepared for both paths," he said, noting that while it was the first country to enact stablecoin legislation, Japan is also promoting CBDC pilot projects. The Bank of Japan has launched a "pilot project" to explore the technical feasibility of tokenizing central bank reserves and using them for blockchain-based payment settlement. Analysts note that integrating blockchain technology into reserve settlement could enable real-time 24/7 clearing and reduce settlement congestion risks during stress scenarios.$XAUT $USDC

Has anyone started accumulating yet? $BASED Probably needs to drop to the low 6s one more time before it can rally strongly

U.S. Energy Secretary Wright said on Friday that the Strait of Hormuz will reopen "no later than this summer." Wright stated that the U.S. "continues to expand natural gas exports," adding 2.5 billion cubic feet of natural gas export capacity per day despite losing 10 billion cubic feet of natural gas transport capacity per day due to the closure of the Strait of Hormuz. "Transport through the Strait of Hormuz will resume as soon as possible, but no later than this summer," Wright added that an agreement could be reached within "the next few days." Wright declared that if Iran "continues to hold the global economy hostage," the U.S. military will "be forced to reopen the Strait of Hormuz, but this is not an easy mission." He added, "We have taken preliminary steps, but the better approach is to reach an agreement rather than resort to military force." $BTC $XAUT

If $ETH surpasses the 2,284 USD mark, the total short position liquidations on major centralized exchanges will reach 961 million USD. Conversely, if ETH falls below 2,077 USD, the total long position liquidations on major centralized exchanges will reach 742 million USD.

On May 17, a series of new AI infrastructure projects emerged in the Base ecosystem. These projects either build distribution platforms around Venice (such as Liquid) or fork well-known AI projects by creating their own platform frameworks, such as GITLAWB, MiroShark, and aeon. These small market cap projects quickly gained recognition amid a stagnant overall environment, boosting their market capitalization. According to GMGN data, After Liquid announced support for DIEM, the Venice ecosystem's hash rate token, it surged threefold in three days, with a current market cap of $4.64 million. GITLAWB's stock price rose over the past week, thanks to the integration of Venice's core product and the rollout of product updates. It surged fivefold, with a current market cap of $26.83 million. Aeon (the basic platform framework) and MiroShark (an upper-layer application) attracted significant attention after receiving interest from Marc Andreessen, co-founder of a16z. Aeon's market cap surged tenfold in five days, now at $4.04 million, while MiroShark's market cap currently stands at $1.89 million. In contrast, the three pillars of Base's AI infrastructure—Clanker, BNKR, and VIRTUAL—seem to have been forgotten by the community. This may be due to Farcaster's decline and slow updates to the token issuance mechanism, leading to reduced user numbers. Notably, Clanker is facing a team crisis, as founder Jack Dishman recently left to move on to a new project. It should be noted that the aforementioned small market cap projects still face significant uncertainties, and whether they will truly rise to prominence remains to be seen. However, it is clear that AI projects in the Base ecosystem are undergoing a process of "replacing the old with the new," reflecting both user demand for rapid innovation in AI and the market's urgent need for speculation amid scarce liquidity. $KITE $SAHARA $ROBO

Monitoring shows that a whale sold 213,419 $HYPE tokens at an average price of $41.84, raising $8.93 million and making a profit of $2.8 million. Over the past two months, this whale has purchased 467,188 HYPE tokens at an average price of $35.59, spending $16.63 million, and currently still holds 253,769 HYPE tokens (worth approximately $10.5 million). $BTC #OKXOrbitTopics