The latest data from cryptocurrency research and analysis company Kaiko shows that miners are facing huge selling pressure as Bitcoin mining revenue and transaction fees decline. Bitcoin miners' income mainly comes from two aspects: mining rewards and transaction fees. However, affected by the halving of Bitcoin rewards in April (block rewards dropped from 6.25 BTC to 3.125 BTC), miners have to sell Bitcoin to pay for costs. Kaiko researchers pointed out in the report that the halving event usually prompts miners to sell BTC because the mining process requires a lot of expenses.

According to Kaiko Research, the correlation between Bitcoin (BTC) and stocks is increasing. After reaching a multi-year low of 0.01 in March, the 90-day correlation rose to 0.17 last week. Based on the company's research report on May 13th, the 90-day correlation between Bitcoin and stocks rose to 0.17 in the week of May 5th, higher than the multi-year low of 0.01 in March. The correlation between BTC and risk assets is lower than the high of 0.6 during the bull market.

First inflows in 5 weeks totalling US$130m, hesitant Ethereum investors

According to Defi Llama data, there is approximately $48.05 million in on-chain liquidation volume for Ethereum around $2,778.

On May 13th, according to DefiLlama data, there is approximately $48.05 million in on-chain loan liquidation volume for Ethereum around $2778.

On May 12th, according to Farside Investors data, the cumulative net outflow of GBTC since the launch of Bitcoin spot ETF reached 17.6329 billion US dollars. According to Coinglass data, GBTC's asset management scale has decreased to 17.647 billion US dollars.

According to Ultrasound data, as of now, the Ethereum network has destroyed a total of 4,290,622.06 ETH. Note: Since the introduction of EIP-1559 in the Ethereum London upgrade, the Ethereum network will dynamically adjust the BaseFee of each transaction based on transaction demand and block size, and this portion of the fee will be directly burned and destroyed.

The training will enable officers to effectively address cybercrimes involving virtual assets, particularly stablecoins.

Traditional firms like JPMorgan and WisdomTree are seeking to turn Project Guardian’s blockchain proofs-of-concept into scalable financial products.

She also warned that generative artificial intelligence was like the “kid that got an ‘F’ in math.”