Maelstrom Fund, a cryptocurrency investment fund run by Arthur Hayes' family office, said that Chainlink (LINK) competitor Flare (FLR) is currently "likely to be undervalued". Maelstrom Fund said: "As an early entrant, Chainlink already has a considerable first-mover advantage, with countless projects already integrating with its services. However, as Flare develops, it has the potential to quickly catch up with Chainlink." Maelstrom Fund believes that FLR's FDV is currently about 23% of Chainlink, while its project integration is less than 10% of the Ethereum-based Chainlink project integration. If Flare's FDV reaches 50% of Chainlink's, the FLR token price may increase by about 2.2 times; if it reaches 75%, it will increase by 3.3 times. While Chainlink is the market leader, it still has a lot to offer in terms of latency and suitability for high-throughput use cases. Unlike other oracle providers such as Pyth Network, Flare can build its own native ecosystem. Pyth’s focus on financial institutions brings a unique dimension to the oracle space, but there are still many questions about general applicability. Flare’s approach of combining the above features with L1 capabilities gives it a unique positioning. (The Daily Hodl)

According to on-chain analyst @ai_9684xtpa, 4 hours ago, vladilena.eth redeemed 1,930 WeETH from Zircult, exchanged it for 2,000 ETH and deposited it into Binance, worth $5.84 million, which is suspected to be sold. The whale still has 5,104 ETH pledged in Zircult, with a total value of $14.9 million.

Hodl (@hodlstrong_), a BNBChain Meme project initiated by ArbDogeAI founder Da Youyou, has launched multiple rounds of free asset minting and token airdrops since its launch. On May 11, the official Hodl posted on the X platform that the token Hodl will discard the initial LP (LP with automatic return); the burn tax will be adjusted from 7% to 1% and the contract authority will be discarded. 50% of the team's burn tax income will be allocated to the objects participating in the second round of donations from the founders, and 50% will be allocated to the Hodl staking pool as the initial reward. The market shows that the price of HODL has risen to $0.000000000317, an increase of more than 127%.

Coinglass data shows that the total open interest of ETH futures contracts on the entire network is 3.63 million ETH, equivalent to approximately US$10.61 billion. Among them, Binance ETH contract open interest is 1.25 million ETH (approximately US$3.64 billion), ranking first.

Coinglass data shows that the total open interest of BTC futures contracts on the entire network is 478,060 BTC, equivalent to approximately US$29.14 billion. Among them, the open interest of CME BTC contracts is 133,230 BTC (approximately US$8.11 billion), ranking first; The open interest of Binance BTC contracts is 110,170 BTC (approximately US$6.72 billion), ranking second.

MIIX Capital released a research report on the Japanese cryptocurrency market, with the following highlights: -According to TripleA, there are currently more than 5 million people who own cryptocurrencies, accounting for 4.0% of Japan's total population. In addition, a report released by KuCoin in May 2023 showed that in the past six months, about 3.8 million cryptocurrency investors in Japan owned or invested in digital assets, accounting for about 5% of Japan's adult population. -BTC and ETH remain the most popular crypto assets for Japanese investors, but they have also shown strong interest in diversifying into multiple fields such as NFT, Metaverse, Stablecoins, Public Chains, DeFi, and Meme Coins. -Japanese men have a higher interest in cryptocurrency investment, with 80% of investors being male and only 20% being female investors. Most of Japan's cryptocurrency investors are aged 30 and above, accounting for 77%. The younger generation aged 18 to 30 only accounts for 23% of Japan's cryptocurrency investors. -BTC and ETH account for the highest proportion of Japanese users' portfolios, covering all age groups. Other popular categories favored by Japanese investors include NFT (27%), Metaverse (24%), Stablecoins (16%) and Public Chain Projects (15%). In addition, GameFi (11%), DeFi (8%), and Meme Coins (8%) are gradually becoming investment options for Japanese users. -Most Japanese investors learn about cryptocurrencies through social media and key opinion leaders (KOLs). The social media platforms they trust and use include YouTube (32%), Twitter (23%), Line (15%), Instagram (13%) and TikTok (9%). The data shows that Japanese users do not trust technical social channels such as Discord, Telegram, and Reddit, and they believe that these channels have greater risks. -Regarding the current status of Japanese CEX, Binance Japan is popular for its wide variety of tokens. Bybit meets the preferences of Japanese investors. Coincheck has a user-friendly interface and no transaction fees.

Etherscan data shows that the Ethereum network gas fee has dropped to as low as 2 gwei today and is currently reported at 4 gwei.

Bitcoin's price chart is resembling that of just weeks after the 2016 halving and it could be "hovering around" a local bottom, according to crypto traders. source: https://cointelegraph.com/news/bitcoin-price-chart-post-halving-crypto-traders

According to BlockBeats, the DePIN protocol of the Solana ecosystem has announced its token IO contract address on May 12. The address is BZLbGTNCSFfoth2GYDtwr7e4imWzpR5jqcUuGEwr646K. However, the token has not yet been put on the blockchain. The DePIN protocol is a part of the Solana ecosystem, a high-performance blockchain platform that supports developers and businesses with fast, secure, and scalable solutions. The announcement of the token IO contract address is a significant step in the protocol's development, although the token has not yet been launched on the blockchain. Further details about the token's launch and its potential applications within the Solana ecosystem are yet to be released. The announcement of the contract address is an essential step in the process of launching a new token, as it provides a location on the blockchain where the token's transactions will be recorded. The Solana ecosystem continues to grow and develop, with new protocols and tokens being introduced regularly. The DePIN protocol's announcement of their token IO contract address is a part of this ongoing development. However, the token's launch on the blockchain is still awaited.

Mike McGlone, senior commodity strategist at Bloomberg Intelligence, wrote on the X platform that the Bitcoin/Gold Cross Index plummeted compared with the S&P 500 Index, and the US Bitcoin spot ETF set a record inflow in January, which enhanced Bitcoin's status as a leading indicator, which may have an impact on risk assets thereafter. The benchmark cryptocurrency hit a new high in the first quarter, which was a near-perfect timing; but Bitcoin did not exceed its 2021 peak compared with gold and the S&P 500 Index. This 24/7 traded cryptocurrency is volatile and speculative. The last time the S&P 500 e-mini futures broke through its 50-week moving average in November last year, it rose compared with gold, but this time the Bitcoin/Gold Cross Index is falling.

According to Cointelegraph, Twitter co-founder Jack Dorsey said that the price of Bitcoin could reach at least $1 million by 2030, and its value could grow further from then on.

Golden Finance launches the 2323rd issue of "Golden Morning 8", a morning report on the cryptocurrency and blockchain industry, to provide you with the latest and fastest news on the digital currency and blockchain industry.

Currently, Piin is in a relatively early stage, and the price has not yet fully reflected the intrinsic value, so it is worth it for investors to seize this opportunity.

Japan's cryptocurrency market presents unique characteristics in terms of regulation, investment, and innovation.

In the past 24 hours, many new hot currencies and topics have appeared in the market, and it is very likely that they will be the next opportunity to make money.

Golden Finance launches Golden Web3.0 Daily to provide you with the latest and fastest news on games, DeFi, DAO, NFT and Metaverse industries.

The U.S. presidential election is one of several underestimated policy risks in the second half of this year.

UXUY is a multifunctional Web3 and cryptocurrency project, including a decentralized exchange (DEX), a social networking platform, and synthetic asset issuance.

Recommended readings tonight: 1. The projects and development status of the three chain abstraction giants Axelar, Wormhole, and LayerZero; 2. Bitcoin Renaissance: The evolution of the world's first public chain; 3. Bankless Co-creation: Will Ethereum miss this bull market?

“Interoperability is the future” — Vitalik Buterin.