According to ChainArgos monitoring, on May 14th, Tether issued a total of 110 million USDT and redeemed 23 million USDT.

As monitored by HODL15Capital, the value of Bitcoin held by US Bitcoin ETFs is currently close to $60 billion. This week, a total of 2,667 Bitcoins were purchased. Grayscale GBTC is the only ETF with net outflows.

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.

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.

1. The 133rd Ethereum ACDC meeting: The goal is to complete the devnet within 7-10 days

According to DexScreener data, the trading price of friend.tech tokens has fallen below $3 and is currently at $2.31. The current circulating supply is approximately 14.5 million. According to DeFiLlama data, the friend.tech ecosystem's TVL has dropped to the $30 million range, with a 13.6% decline over the past 7 days. Friend.tech was launched on the Ethereum Layer 2 network Base in August of last year. The ecosystem's TVL had once surpassed $50 million and is currently the 9th largest protocol on the Base chain.

According to the official website, friend.tech has opened up the airdrop of the token FRIEND for claiming, with FRIEND currently priced at $3.34. Previously reported, friend.tech will release version 2 and conduct an airdrop on May 3rd.