Key Information Summary (May 11 to May 12)

Background Information:
- Multiple whales and institutions conducted large-scale operations in the cryptocurrency market, including the release and shorting of assets such as SOL, BTC, and ETH.
- USDT market capitalization surpassed 150 billion USD, reaching a historic high.
- Ethereum's market capitalization exceeded 300 billion USD, surpassing Coca-Cola and ranking 40th among global asset market caps.
- China and the United States held high-level economic and trade talks in Geneva, achieving substantive progress and reaching important consensus.

Main Events:
- A whale/institution released 103,040.6 SOL, valued at 17.70 million USD, still holding 3.37 million SOL.
- FTX/Alameda addresses unlocked 187,625 SOL, worth 32.24 million USD; the staking wallet still holds 5.20 million SOL.
- A whale shorted Bitcoin worth 44 million USD with 40x leverage, liquidation price at 112,660 USD.
- The "Hyperliquid 50x whale" once again shorted BTC and LDO with high leverage after 35 days.
- Irish presidential candidate Conor McGregor will meet with the President of El Salvador to discuss establishing a national Bitcoin strategic reserve plan.
- A whale injected 5 million USD USDC into the Hyperliquid platform again to short BTC, ETH, and SOL; currently facing losses exceeding 700 thousand USD.
- Crypto KOL Patricio Worthalter sold 2,000 ETH in exchange for 5.01 million USD USDC.
- New wallets withdrew TRUMP tokens worth 7.60 million USD from Binance and OKX.
- Canadian tech company Matador plans to raise 3 million CAD, part of which will be used to purchase Bitcoin.
- Guotai Junan International plans to develop tokenized securities business; related plans have been confirmed with no objections by the Hong Kong Securities and Futures Commission.
- Multiple tokens (APT, ARB, AVAX, etc.) will undergo large unlocks, with APT’s unlock valued at approximately 67.50 million USD.

Potential Impact:
- Large unlocks may cause short-term price volatility for the related tokens.
- Operations by institutions and whales reflect market activity and changes in investment strategies.
- Positive progress in China-US economic and trade talks helps stabilize the global economic environment.
- The increase in Ethereum’s market capitalization demonstrates its significant position among global assets.

Special Note:
- This summary includes SoSoValue-related information to ensure completeness of information.

MAG7.SSI

 A whale/institution released 103,040.6 SOLs, worth $17.7 million
 According to Onchain Lens, a whale/institution unpledged 103,040.6 SOL worth $17.7 million after a month of silence. The whale still holds 3,369,634 SOL worth $584.09 million.
 USDT market value exceeds 150 billion US dollars, setting a new record high Coingecko data shows that the market value of stablecoin USDT has exceeded US$150 billion, setting a record high, with trading volume reaching US$33.46 billion in the past 24 hours.
 FTX/Alameda address unstaked 187,625 SOL 8 hours ago, equivalent to 32.24 million US dollars According to Onchain Lens, 8 hours ago, the FTX/Alameda staking address released 187,625 SOL (about 32.24 million US dollars) of staking. There are still 5,203,577 SOL worth 913.54 million US dollars in the staking wallet.
 Another whale shorted BTC worth $44 million with 40x leverage, and the liquidation price was $112,660 According to Lookonchain monitoring, the whale with the address starting with 0x5D2F opened a short position of Bitcoin worth $44 million with a leverage of 40 times, and its liquidation price was $112,660. Earlier news came that the "Hyperliquid 50x whale" (address starting with 0x51d9) opened a high-multiple short position of BTC again after 35 days, opening 888.8 BTC (about $92.93 million) at 40x, with an opening price of $104,094 and a liquidation price of $105,689. 
 Irish Presidential Candidate Conor McGregor to Meet with El Salvador’s President to Discuss Strategic Bitcoin Reserves According to Coingape, Irish presidential candidate and UFC champion Conor McGregor has confirmed that he will meet with Salvadoran President Nayib Bukele to discuss the establishment of a national Bitcoin strategic reserve plan. The meeting will take place during the "Bitcoin Sovereign Summit", and McGregor advocates "returning monetary power to the people" through Bitcoin reserves. In addition to Bitcoin, McGregor said he is exploring the transparent application of other cryptocurrencies in government processes, and Cardano founder Charles Hoskinson has taken the initiative to discuss possible cooperation. Analysts speculate that its final plan may include a combination of Bitcoin reserves and selected digital assets. Previously, its Meme coin REAL project failed to raise funds, but with the recent recovery of the crypto market, policy discussions have picked up again. 
 A whale deposited another 5 million USDC into Hyperliquid, shorting BTC, ETH, and SOL with 5x leverage According to Lookonchain monitoring, a whale once again deposited 5 million USDC (a total of 25 million USDC) into the Hyperliquid platform, shorting BTC, ETH and SOL with 5x leverage. Its current loss has exceeded 700,000 USD.
 Crypto KOL Patricio Worthalter sold 2,000 ETH for 5.01 million USDC According to Onchain Lens, crypto KOL Patricio Worthalter (@worthalter) sold 2,000 ETH at $2,506 per ETH in exchange for 5.01 million USDC. Currently, the wallet still holds 388.6 ETH, which is worth about $985,000 at the current price.
 “Hyperliquid 50x Whale” shorted BTC again after 35 days According to the monitoring of on-chain analyst Yu Jin, "Hyperliquid 50x whale" @qwatio has once again opened a high-leverage large position contract on Hyperliquid after a lapse of 35 days: using 2.683 million USDC as margin. ◉ 40x short 888.8 BTC (about 92.93 million US dollars), opening price 104,094 US dollars, liquidation price 105,689 US dollars. ◉ 10x short 1 million LDO (about 1.1 million US dollars), opening price 1.08 US dollars, liquidation price 1.98 US dollars. 
 Chinese press conference: China-US high-level economic and trade talks made substantial progress and reached important consensus According to Cailianshe, China and the United States held high-level economic and trade talks in Geneva, Switzerland from May 10 to 11. The Chinese delegation said at a press conference that the two sides had in-depth exchanges on economic and trade issues of mutual concern. The atmosphere of the talks was candid, in-depth and constructive, and substantial progress was made and important consensus was reached. The two sides agreed to establish a China-US economic and trade consultation mechanism, identify the leaders of both sides, and conduct further consultations on economic and trade issues of mutual concern. China and the United States will finalize the relevant details as soon as possible and will issue a joint statement reached at the talks on May 12.
 A new wallet withdrew $7.6 million worth of TRUMP from Binance and OKX According to Onchain Lens, a newly created wallet withdrew 553,996 TRUMP tokens (worth $7.6 million) from Binance and OKX.
 Canadian technology company Matador plans to raise $3 million CAD, with part of the net proceeds to be used to increase Bitcoin holdings According to the official announcement, Canadian technology company Matador Technologies Inc. (TSXV: MATA, OTCQB: MATAF) recently announced that it will conduct a non-broker private placement, with a maximum issuance of 5,454,546 units at a price of 0.55 Canadian dollars per share. Matador expects the total amount of funds raised to be up to 3 million Canadian dollars. It is expected that approximately one-third of the net proceeds from this offering will be used for the following purposes: purchasing Bitcoin; advancing the company's gold acquisition and Grammy business plans; and general corporate purposes. 
 Guotai Junan International plans to develop tokenized securities business Guotai Junan International’s official account stated that according to the “Circular on Intermediaries Engaged in Tokenized Securities-Related Activities” issued by the Hong Kong Securities and Futures Commission, relevant business plans were submitted for the tokenized securities distribution business and the digital bond issuance business, and both have been confirmed by the regulators to have no further problems. It pointed out that Guotai Junan International submitted a wealth management-related business plan to the Hong Kong Securities and Futures Commission on January 21, 2025, intending to distribute tokenized securities to customers or provide advice on tokenized securities on the basis of existing securities transactions. The types of tokenized securities covered by the plan include; structured products linked to multiple underlying assets (such as structured notes, over-the-counter derivatives), SFC-approved funds and non-approved funds, and bonds. The Hong Kong Securities and Futures Commission sent a confirmation email on May 7, 2025, stating that there were no further questions about the plan. 
 Data: APT, ARB, AVAX and other tokens will usher in large amounts of unlocking, of which APT unlocking value is about 67.5 million US dollars According to Token Unlocks data, APT, ARB, AVAX and other tokens will have large unlocks next week, including: Aptos (APT) will unlock about 11.31 million tokens at 2:00 a.m. Beijing time on May 13, which is 1.82% of the current circulation and worth about $67.5 million Arbitrum (ARB) will unlock about 92.65 million tokens at 9:00 p.m. Beijing time on May 16, which is 1.95% of the current circulation and worth about $42.7 million Avalanche (AVAX) will unlock about 1.67 million tokens at 8:00 a.m. Beijing time on May 17, which is 0.4% of the current circulation and worth about $41.3 million. Starknet (STRK) will unlock about 127 million tokens at 8:00 a.m. Beijing time on May 15, which is 4.09% of the current circulation and worth about $23 million. Immutable (IMX) will unlock about 24.52 million tokens at 8:00 a.m. Beijing time on May 16, which is 1.35% of the current circulation and worth about $17.9 million. Sei (SEI) will unlock about 55.56 million tokens at 8:00 p.m. Beijing time on May 15, which is 1.09% of the current circulation and worth about $14.5 million. Melania Meme (MELANIA) will unlock about 26.25 million tokens at 8:00 am Beijing time on May 18, accounting for 6.63% of the current circulation and worth about $10.4 million. ApeCoin (APE) will unlock about 15.6 million tokens at 8:30 pm Beijing time on May 17, accounting for 1.95% of the current circulation and worth about $10.3 million. 
 Ethereum's market value surpasses Coca-Cola and rises to 40th place in global asset market value ranking According to the latest data from 8marketcap, Ethereum's current market value has exceeded US$300 billion, currently reaching US$303.57 billion, with a 24-hour increase of 4.17%, surpassing Coca-Cola (US$303.53 billion) and rising to 40th place in the global asset market value ranking.


Important Developments in the Crypto Market and Progress in Sino-US Economic and Trade Talks from May 11 to 12