Key Market Insight Discrepancy on May 23rd - A Must-Read! | Alpha Morning Report

Blockbeats
23 May

Featured News

1. SOON Announces Airdrop Claiming Will Open on May 23 at 16:30

2. Robinhood Lists MOODENG and MEW

3. US SEC Delays Decision on XRP, Litecoin Spot ETFs, Formally Accepts TRX Staking ETF Application

4. Democratic Senators Plan to Amend "GENIUS" Act to Prevent Trump Family from Profiting

5. Cetus: Has Reached Agreement with Hacker to Pay White Hat Bounty to Return Stolen Funds

Articles & Threads

1. "Leading DEX Hacked for $260 Million, Can the SUI Ecosystem's Bullish Trend Continue?"

On the afternoon of May 22, the native DEX liquidity protocol of the SUI Chain, Cetus Protocol's token CETUS, experienced a sharp decline, with the price almost "cutting off," and several token pairs on Cetus also saw a sharp decline in price. Subsequently, many KOLs posted on social media, stating that the Cetus protocol's LP pool was attacked by a hacker. This article will analyze in detail the causes and consequences of this hacking incident.

2. "USD1 Makes a Big Move, Whose Price Increase Reveals the Hottest "Trump Concept" Asset?"

Today, on the Binance Alpha platform, the B (BUILDon) saw a one-day surge of 192%. Tokens such as LISTA and STO also saw significant gains on Binance's leaderboard, with the community showing increased confidence in the "WLFI concept" and "Binance ecosystem" projects. The WLFI team officially announced their support for BUILDon and their purchase of B tokens. Binance's direct support for USD1 has led the community to widely believe that it will replace FDUSD as Binance's primary stablecoin. Now, amid the "USD1 fever" of BUILDon, investors are sensing an Alpha opportunity. What other concepts related to USD1 and WLFI exist within the Binance ecosystem? BlockBeats has conducted a simple analysis on this.

Market Data

Daily Market Overall Fund Heat (reflected by funding rates) and Token Unlocks

Data Source: Coinglass, TokenUnlocks

Funding Rate

Token Unlocks

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