Odaily reports that according to Onchain Lens monitoring, after being dormant for 6 years, a whale deposited 1,001 ETH (worth $2.31 million) into Kraken. This whale still holds 3,000 ETH (worth $6.88 million) across 2 different wallets.

Odaily Planet Daily News: Cobra (@barrett_io), co-founder of Solana ecosystem DeFi project Ranger Finance, posted on platform X stating that Ranger Finance is gradually shutting down.

He stated that the project has long sustained operations beyond a sustainable scope, with the founder continuously investing personal funds to maintain the team's operations. However, bills accumulated due to delays in financing. Ultimately, the financing was not completed, and the funds that had been raised were returned.

Cobra stated that the team attempted to use the final two months of operating funds to pay employees and suppliers as fairly as possible, but it was still insufficient to cover all expenses. Additionally, the treasury liquidation situation exceeded expectations, severely impacting budget decisions. The subsequent Drift attack further drained the remaining funds and personal capital.

Regarding users affected by the Drift attack, Cobra stated that relevant recovery tokens will be provided when the Drift team distributes them later. He also acknowledged that, in hindsight, the team should have shut down the project earlier and apologized for this.

According to Lookonchain monitoring, address 0x535e opened a 10x leveraged long position of 17,137 ZEC within the last 3 hours, with a position value of approximately $9.57 million and a liquidation price of $537.56.

Additionally, the address also set a take-profit limit order with a range of $545.19 to $740.37. If ZEC rises to $740.37, it is expected to yield a profit of approximately $7.6 million.

Odaily Odaily reports According to SoSoValue data, yesterday (May 14th, Eastern Time) XRP spot ETFs saw a net total inflow of $18.5233 million in a single day.

The XRP spot ETF with the largest net inflow yesterday was the Bitwise XRP ETF (XRP), with a single-day net inflow of $7.0076 million, bringing its historical total net inflow to $453 million.

This was followed by the Franklin XRP ETF (XRPZ), with a single-day net inflow of $6.6413 million, bringing its historical total net inflow to $378 million.

As of press time, the total net asset value of XRP spot ETFs stood at $1.25 billion, the net XRP asset ratio was 1.34%, and the historical cumulative net inflow had reached $1.374 billion.

Odaily Planet Daily News Myanmar is proposing the death penalty in a draft of the "Anti-Online Scam Bill" for criminals who use violent means to force victims to participate in cryptocurrency scam centers.

According to the draft, individuals who subject others to violence, torture, illegal detention, or other cruel treatment, and force them to engage in online fraud activities, will face the death penalty. The relevant bill is expected to be submitted to parliament for review this June.

In addition, operators of scam centers and perpetrators of crypto scams may also face life imprisonment. Reports state that the President of Myanmar commuted all death sentences nationwide to life imprisonment last month. (Protos)

Odaily Odaily reported that Sharplink CEO Joseph Chalom stated that Ethereum treasury companies are gradually deviating from the model of Strategy and Michael Saylor, focusing more on staking yields and a clean balance sheet rather than relying on complex financing structures.

Chalom believes that Ethereum treasury companies can generate returns directly by holding ETH, thus eliminating the need for excessive leverage. He also indicated that only a few Ethereum treasury companies will be able to survive through market downturns.

Furthermore, citing BlackRock CEO Larry Fink's previous views, he described Ethereum as a "tokenized toll road" and pointed out that the New York Stock Exchange and Nasdaq's push for 24-hour trading plans, DTCC's exploration of tokenized collateral, and Bullish's acquisition of Equiniti will all further drive tokenized assets into the traditional financial system.

Chalom expects that as stablecoins, tokenized assets, DeFi, and AI applications continue to expand, Ethereum will gradually forge a different development path from Bitcoin in the future. (The Block)

According to Gate Data, the South Korean KOSPI index reached 8,000 points for the first time, up 0.27% intraday.

According to Lookonchain monitoring, a newly created wallet bc1qgm withdrew 676.72 BTC (worth approximately $55.12 million) from Binance 7 hours ago.

Odaily Planet Daily reports: According to monitoring by Onchain Lens, Multicoin Capital has transferred 150,000 AAVE (worth approximately $14.9 million) to Galaxy Digital and BitGo for Over-The-Counter (OTC) trading. Subsequently, a portion of the funds was transferred to centralized trading platforms.

Data shows that Multicoin Capital purchased 338,005 AAVE for approximately $73.94 million. It currently holds 188,005 AAVE, worth about $18.49 million, representing an unrealized book loss of approximately $40.54 million.

Odaily reported that Bitcoin treasury company Strive released its Q1 2026 financial results and announced that starting June 16, 2026, its SATA preferred shares will switch to daily dividend payments on business days, maintaining an annualized dividend rate of 13%. As of May 12, 2026, Strive’s Bitcoin reserves stood at 15,009 BTC, including approximately 5,048 BTC acquired through its acquisition of Semler Scientific. During the first quarter of 2026, the company added 6,001 Bitcoin to its holdings, and purchased an additional 1,381 Bitcoin during the second quarter up to May 12. The financial report shows that Strive posted a GAAP net loss of $265.9 million in Q1, of which approximately $295.8 million in losses was related to the decline in the fair value of its Bitcoin holdings.

Odaily reports that according to Onchain Lens monitoring, the proxy for the "1011 Insider Whale" has purchased 71,066 BNB from Binance, valued at $48.22 million. Over the past two weeks, Garrett Jin has deposited 577,896 ETH into Binance, worth $1.35 billion.

Odaily Planet Daily News: Gemini Space Station Inc. founders, billionaire twins Tyler Winklevoss and Cameron Winklevoss, have made a strategic investment of $100 million in their struggling cryptocurrency exchange, Gemini.

According to reports, Winklevoss Capital Fund LLC injected capital into the company at a price of $14 per share, with the transaction consideration paid in Bitcoin. Gemini's stock closed at $5.26 on Thursday, rising about 15% in after-hours trading, but still accumulated a decline of over 80% over the past year.

Odaily reported that crypto exchange Gemini has released its first-quarter financial results, with revenue reaching $50.3 million, a 42% increase from $35.3 million in the same period last year. This drove its stock price up by as much as 30% in after-hours trading.

The company stated that the growth was mainly driven by its service business, OTC trading, and crypto-related credit card services such as the Gemini Credit Card. Revenue from the credit card segment grew approximately 300% year-over-year, now accounting for nearly half of total revenue.

Gemini also disclosed its prediction market business data for the first time. Since its launch in December last year, the business has attracted over 20,000 users to trade contracts, with cumulative contracts traded exceeding 100 million, contributing approximately $400,000 in revenue. The company noted that trading volume in April increased by a further 78% compared to the previous month.

Gemini CEO Tyler Winklevoss stated that the company is gradually transitioning from a crypto trading platform into a broader "market company." Previously, Gemini had obtained a CFTC derivatives clearing organization license, which supports its expansion into derivatives and prediction market businesses.

Odaily reports that the Bitwise Hyperliquid ETF will begin trading on the New York Stock Exchange this Friday under the ticker BHYP. Previously, the 21Shares Hyperliquid ETF (THYP) launched this Tuesday, with a first-day trading volume of approximately $1.8 million.

BHYP will become the first fund in the U.S. to offer yield from staking Hyperliquid, with the staking operations to be carried out by Bitwise's subsidiary, Bitwise Onchain Solutions. 21Shares has also stated its plan to stake the majority of its HYPE holdings.

Hyperliquid is currently a leading on-chain perpetual contract exchange and is gradually expanding into tokenized commodities and spot crypto trading. Its native token, HYPE, is used to pay platform fees and has consistently ranked among the top 15 crypto assets by trading volume.

Odaily reported that shares of Strive Inc., a Bitcoin reserve company founded by Vivek Ramaswamy, rose as much as 7% on Thursday. The company announced that its preferred stock, SATA, will pay cash dividends on each trading day starting June 16, with a current annual dividend yield of 13%.

Strive CEO Matthew Cole stated that SATA will become the first publicly traded security in U.S. capital market history to "pay cash dividends every business day."

Meanwhile, Strive disclosed that it has fully repaid all its debts, currently has no short-term or long-term outstanding liabilities, and holds no Bitcoin that has been pledged as collateral. The company also noted that it has completed its acquisition of another Bitcoin reserve company, Semler Scientific, and now holds over 15,000 Bitcoin. (The Block)

Odaily Odaily reports that JPMorgan analysts indicate that despite the overall recovery of the crypto market following the Iran conflict, Ethereum and other altcoins continue to underperform Bitcoin. This trend, which has persisted since 2023, may be difficult to reverse in the short term unless there is a significant improvement in network activity, DeFi, and real-world applications.

The report points out that, based on spot ETF flows and institutional futures positions, Bitcoin has shown stronger recovery momentum than Ethereum. Spot Bitcoin ETFs have recovered approximately two-thirds of their previous outflows, while spot Ethereum ETFs have only recovered about one-third.

Meanwhile, CME futures data shows that institutional investors have been more active in rebuilding their Bitcoin exposure, with Bitcoin futures positions nearly fully recovered. In contrast, Ethereum futures positions remain below previous levels. JPMorgan believes that without stronger on-chain fundamentals and real-world application support, ETH and altcoins are likely to continue underperforming relative to Bitcoin.