CoreDAO announced in a post on X platform that the Core Foundation has launched a $5 million innovation fund. The fund is currently mainly targeting the Indian market and has established strategic partnerships with the Indian Institute of Technology Bombay and some top venture capital companies to support the development of innovative blockchain projects in the country. At present, the fund has opened project funding applications.

According to Coinglass data, there were liquidations totaling $139 million in the past 24 hours, with a total of 56,471 people being liquidated.Of these, long positions were liquidated for $83.5374 million, short positions were liquidated for $55.4391 million, BTC was liquidated for $39.2379 million, ETH was liquidated for $26.5550 million, and SOL was liquidated for $10.2312 million.

Greeks.live data shows that on May 17th, 18,000 BTC options with a put/call ratio of 0.63 and a maximum pain point of $63,000 (nominal value of $1.2 billion) will expire. Additionally, 320,000 ETH options with a put/call ratio of 0.28 and a maximum pain point of $3,000 (nominal value of $930 million) will also expire. Greeks.live states that this week, inspired by the meme stock craze in the US, BTC ETFs have seen significant inflows, causing BTC to surge above $65,000. However, the rest of the crypto market remains weak, with trading volume continuing to decline, and the divergence in the options data of BTC and ETH reflects this. Looking at the structure of bulk trades and market trades, the downward trend in IV for major deadlines has ended and entered a consolidation phase, with limited downside potential at present. BTC longs and shorts are relatively balanced, while the weak ETH price has led to a continuous decline in market confidence, with selling calls becoming the absolute main transaction.

On May 17th, Tether CEO Paolo Ardoino announced that 1 billion USDT had been issued on the Tron Network early this morning Beijing time, but not yet released. This means that the amount will be used as inventory for the next issuance request and chain exchange.

The Hashgraph Association (THA) has announced a strategic partnership with the Qatar Financial Centre (QFC) to establish a $50 million digital asset venture studio called Digital Assets Venture Studio, which will support the development of decentralized finance (DeFi) solutions that comply with regulations and digital assets based on the Hedera distributed ledger technology (DLT) network. They will also invest in Web3 startups and DeFi projects supported by Hedera.

According to Coinglass data, there were liquidations of $159 million across the entire network in the past 24 hours, with long positions being liquidated for $44.75 million and short positions being liquidated for $114 million. Bitcoin liquidations were approximately $58.41 million and Ethereum liquidations were approximately $21.29 million.

According to DeFiLlama data, the current TVL of Ethereum liquidity re-staking protocol is 10.177 billion US dollars, of which the top five protocols ranked by TVL are:

1. Starbucks terminates its Odyssey NFT program

DappRadar data shows that the total transaction volume of NFT aggregation platform Blur has exceeded 9.5 billion US dollars, reaching 9.51 billion US dollars at the time of writing. The current total number of traders on the platform is about 381,910. Historical data shows that the transaction volume of the Blur platform exceeded 8 billion US dollars in mid-January this year and exceeded 9 billion US dollars in early March, which means that this indicator has increased by more than 5% in less than a month.

According to on-chain analyst Yu Jin, BLUR's January unlock has been transferred to Coinbase Prime one hour ago: 33.41 million BLUR ($22.49 million) was unlocked and transferred from the unlock contract to the 0x0A0 multi-signature address 35 hours ago, and then transferred to Coinbase Prime through the 0x0A0 multi-signature address one hour ago. Since the unlocking cycle of BLUR began on June 15, 2023, a total of 20% (616.8 million) of the total BLUR has been unlocked and transferred to Coinbase Prime.