News
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WeBank Technology Services has unveiled a new blockchain-based infrastructure to enhance Hong Kong’s Web3 ecosystem, announced at the Hong Kong Web3 Festival 2025.
Dubai is taking a bold step toward modernizing its real estate sector through blockchain technology, as two key regulators sign a strategic cooperation agreement to explore property tokenization.
Investor caution returned to digital asset markets last week as cryptocurrency exchange-traded products (ETPs) recorded $240 million in outflows, ending a two-week streak of inflows totalling $870 million.
Conor McGregor’s much-hyped REAL memecoin has failed to deliver on its ambitious presale target, raising only $390,000—61% below its $1 million minimum goal.
Glassnode data has confirmed that more than 80% of TRX and XRP holders are currently in unrealized profits despite the market crash.
The PI token shot up over 3% in the past 24 hours as 1.5 million tokens are scheduled to be unlocked per day starting April 11.
Quick Take Despite the slowdown, decentralized exchanges still claim a growing share of spot trading, with newer platforms and Layer 2s helping offset Ethereum’s volume decline. The following is an excerpt from The Block’s Data and Insights newsletter.
Larry Fink, CEO of BlackRock, warns of US economy weakening He sees zero chance of four or five interest rate cuts this year Fink doesn’t rule out another 20% market decline
- 10:58Market News: VanEck Files S-1 Form for BNB ETFPANews May 5th news, according to market sources: VanEck has submitted the S-1 form for a BNB ETF to the U.S. Securities and Exchange Commission.
- 10:58CryptoQuant: ETH Accumulation Addresses Continue to Increase Holdings Despite Unrealized Losses, Growing Over 22% in Two MonthsAccording to a CryptoQuant analyst, since Ethereum reached a cycle high of $4,107 on December 16, 2024, its price has experienced a continuous pullback. However, during this bear market phase, ETH accumulation addresses are still increasing their holdings. ETH accumulation addresses refer to those that continuously receive ETH without significant selling, and their balance remains stable or increases over time. Whether they belong to large or small holders, these addresses are typically long-term holders who have held Ethereum for more than 155 days. On-chain data shows that on March 10, these accumulation addresses entered an unrealized loss zone when Ethereum fell to $1,866.7, while their average holding price remained at $2,026. Nevertheless, despite the unrealized losses, ETH accumulation addresses continue to increase their ETH holdings: from 15.5356 million ETH on March 10 to 19.0378 million ETH by May 3, an increase of 22.54%. This demonstrates that, in the long term, ETH investors exhibit strong confidence in Ethereum's assets, projects, and ecosystem.
- 10:56Analysis: ETH/BTC Volatility Indicator Tightens as Market Focuses on Ethereum's Pectra Upgrade MovementPANews reported on May 5, according to CoinDesk, that the Bollinger Bands indicator for the ETH/BTC exchange rate has narrowed to its tightest level since June 2020, indicating that market volatility may be about to increase. Typically, a contraction in the Bollinger Bands signals an imminent price breakout, potentially leading to significant fluctuations. This technical signal appears on the eve of Ethereum's Pectra upgrade scheduled for May 7. The upgrade aims to enhance network scalability and validator operational efficiency, including raising the maximum staking limit for a single validator from 32 ETH to 2048 ETH and increasing the number of "blob" data units per block from 3 to a maximum of 9. Additionally, Pectra will introduce the EVM Object Format (EOF) to optimize smart contract structures. Analytics firm Nansen pointed out that the Pectra upgrade will benefit Layer 2 networks the most, further solidifying Ethereum's position as a data availability layer by expanding blob capacity, reinforcing its Rollup-centric scaling strategy. Sectors such as DeFi, NFT, and blockchain gaming may also benefit from this.