SoSo Daily May 25 | Whale James Wynn has fully closed a long BTC position worth 1.20 billion USD.

After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 12:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Ton UP. As of 12:00 today, its coin price is 0.016740 USD, witnessing a 24-hour increase of 108%.
The second is PinEye. As of 12:00 today, its coin price is 0.00019121 USD, with a 24-hour increase of 76.6%.
The third is Orbcity. As of 12:00 today, its coin price is 0.00025570 USD, showing a 24-hour increase of 39.3%.
In fourth place is Streamflow. As of 12:00 today, its coin price is 0.060360 USD, with a 24-hour rise of 34.7%.
In fifth place is Beoble. As of 12:00 today, its coin price is 0.00044640 USD, increasing by 27.4% over the last 24 hours.




Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Wu Shuo learned that, according to @EmberCN monitoring, James Wynn closed Bitcoin long positions worth approximately 1.20 billion USD sequentially between 6:40 and 7:27 AM on May 25, taking 47 minutes in total. The average opening price was 108,921 USD, and the average closing price was 107,746 USD, resulting in a loss of about 13.39 million USD on a single trade. Despite this loss, the cumulative profit from multiple opening and closing operations in recent days still amounts to approximately 8.45 million USD.
Next news:Pakistan allocates 2,000 megawatts of installed power capacity for Bitcoin mining.
Next news:ARK Invest CEO Cathie Wood stated at the Solana Accelerate event in New York that regardless of the adoption rate of crypto wallets over the next decade, crypto exchange-traded funds (ETFs) are likely to maintain their position in the economy.

Wood also pointed out that Ethereum spot ETFs do not support staking, which affects their market performance; however, Ethereum remains the preferred entry point for new users to understand the smart contract ecosystem.

Additionally, she mentioned that the TRUMP memecoin was issued on Solana, which may cause concern among some older institutional investors. (Cointelegraph)
Next news:

Foresight News reports that Nate Geraci, President of The ETF Store, posted on X stating:

"A year ago... the U.S. Securities and Exchange Commission 'unexpectedly' approved the spot Ethereum exchange-traded fund. My initial stance was that because Grayscale won its lawsuit against the SEC, the regulators had no choice, and I hope to fully understand the complete story someday in the future. Since then, although the regulatory environment has changed significantly, no other spot cryptocurrency ETFs have been formally approved to date."

Next news:Wu Shuo has learned from Tim Beiko's summary of the 212th Ethereum Execution Layer Core Developers Meeting (ACDE) that the main discussions included: Fusaka Devnet-0 will launch on May 26; Fusaka EIP scope discussions (EIP-7825 will cap transaction Gas at 30 million; EIP-7918 will anchor Blob fee rates to the Base Fee to alleviate fee volatility; both are confirmed for inclusion in Devnet-1, while other candidate EIPs are expected for Devnet-2); testnet strategy (first fork Sepolia, retain Hoodi for application testing; encourage the community to maintain long-term testnets); future plans (next week's CL Call will decide on EIP-7917; in two weeks, ACDE will finalize Devnet-2 and initiate Glamsterdam discussions).
Next news:Odaily Planet Daily News: According to monitoring by @OnchainLens, a newly created wallet recently withdrew 20,009 SOL from Binance (approximately 3.53 million USD), of which 19,875 SOL (approximately 3.50 million USD) has been transferred to an on-chain staking contract. Additionally, this address transferred 134 SOL to another wallet for staking, with the current total staked amount reaching 9,270.4 SOL, approximately 1.60 million USD.
Next news:Indian fintech startup Data Sutram announced the completion of a $9 million Series A funding round, co-led by B Capital and Lightspeed Ventures. The company focuses on providing AI-based fraud detection and risk scoring services for high-risk industries such as banking, crypto platforms, and e-commerce. The funds will be used for team expansion, product upgrades, and plans to expand business into the Middle East and Southeast Asian markets. (Techinasia)
Next news:Foresight News reports that, according to Cointelegraph, the Qatar Financial Centre plans to tokenize real estate, with the first batch of projects being high-rise buildings valued at over 500 million USD. They are also exploring fund tokenization and regulations related to digital assets.
Next news:Wu Shuo learned that, according to Bloomberg, Tether CEO Paolo Ardoino stated that despite the U.S. advancing stablecoin legislation, Tether will continue to focus on overseas markets and pay attention to the impact of the "Genius Act" on foreign issuers. He revealed that the company is considering issuing stablecoins compliant with the new regulations to attract institutional investors and is currently negotiating formal audits with the Big Four accounting firms, with the review still being handled by BDO Italy. Regarding the plan for large banks to jointly issue stablecoins, Ardoino said that Tether's customer base consists of 3 billion people worldwide who are unbanked, so he is not worried about competition.
Next news:Foresight News reports that according to DefiLlama data, the total market capitalization of stablecoins across the entire network is currently 246.37 billion USD, with a 1.02% increase over the past 7 days. Among them, USDT's market share remains almost unchanged from last week, standing at 62.25%.

Okay that's all for today. Thank you for tuning in, and we hope you found it helpful. Visit sosovalue.com, our one-stop financial research platform for crypto investors, to stay abreast of the latest market trends and key information. Until next time, goodbye.