On the 16th, the US Dollar Index rose by 0.21%, closing at 101.092. The Exchange Rate of the Euro, British Pound, Japanese Yen, Swiss Franc, Canadian Dollar, and Swedish Krona against the US Dollar fluctuated respectively. Among them, the Euro and British Pound fell, while the Japanese Yen, Swiss Franc, Canadian Dollar, and Swedish Krona appreciated.

BlockBeats news, on May 17, possibly influenced by the news that "Musk changed the X avatar to the 'Kekius Maximus' themed MEME image", KEKIUS briefly rose over 50%, with a market capitalization of 44.7 million USD.

BlockBeats news, on May 17, Musk changed the nickname of his X account back to "Elon Musk", which was previously "Gorklon Rust".

Golden Finance reports that, according to market news, OpenAI will assist the UAE in developing one of the largest data centers in the world. The company is expected to become a key pillar of the newly constructed 5GW data center, with other American companies and UAE's MGX possibly participating in the data center project.

According to ChainCatcher news and monitoring by Arkham, Grayscale has transferred a total of 19,632 ETH, worth $51.15 million, to four unknown addresses through its Ethereum exchange-traded fund.

Golden Finance reports that former Federal Reserve Chairman Ben Bernanke is calling for the Federal Reserve to provide a more comprehensive explanation to the public regarding its interest rate decisions, as well as a deeper analysis of potential forecasting scenarios. In a speech prepared for a meeting at the Federal Reserve's headquarters in Washington on Friday, Bernanke stated: "Publishing specific alternative scenarios and their potential impacts can promote a subtle yet important shift in the Federal Reserve's communication strategy."

BlockBeats news, on May 17, according to market news, The Federal Reserve (FED) will cut about 10% of its workforce in the coming years. (Jin10)

Jin10 reported on May 17 that U.S. President Trump stated on May 15 during a business roundtable in Qatar that the U.S. could "take over Gaza" and turn it into a "free zone". On the same day, Hamas reiterated that the Gaza Strip is an inseparable part of Palestinian territory and not a commodity that can be bought or sold.

Odaily News Ether co-founder Anthony Di Iorio stated at the 2025 Consensus conference that Ethereum aims to be a substitute for Bitcoin, rather than a competitor. Di Iorio is one of the eight co-founders of the Ethereum Blockchain, but he originally entered the Crypto Assets field by advocating for Bitcoin and believes that Ethereum has the potential to eventually surpass Bitcoin in market capitalization. (CoinDesk)

The fitness app Moonwalk is rapidly developing in the Web3 environment, with primary markets in France, the United States, Nigeria, and Vietnam. Users can participate in different games by paying USDC, BONK, or SOL, and receiving a full refund and participation in the prize pool upon completing daily step goals. Moonwalk's Development Director Cook is optimistic about the Southeast Asian and African markets, where users can create games independently and set entry fees with no capital threshold.

BlockBeats news, on May 16, Alon Cohen, co-founder of pump.fun, posted on social media that the CTO function for creator revenue sharing is about to go live.

Golden Finance reported that the New York Fed's GDPNowcast estimates that the U.S. GDP growth rate for the second quarter is 2.35% (the previous forecast was 2.42%). There is a 50% probability that the second quarter GDP growth rate will be between 1.28% and 3.48%, and a 68% probability that it will be between 0.73% and 3.94%.

The London Metal Exchange is considering setting position limits to curb excessive holdings behavior, which may prevent traders from holding positions exceeding total inventory. According to FCA policy, the responsibility for position limits in the UK commodities market will be borne by each exchange starting from July 2026, and the LME may propose relevant measures prior to that.

JUST DAO officially announces the launch of the orderly transition plan for USDJ, suspending new deposit and borrowing functions starting from May 16, gradually lowering the collateral factor, and recommending users to replace with other assets, maintaining liquidity and exchange channels on the DEX until August 31.

Odaily News BNB Chain announced a $100 million incentive program for token purchases, stating that the BNB Chain Foundation Wallet has completed a new round of asset purchases, spending $25,000 each to purchase KOMA, KILO, and WOD. As of today, the BNB Chain Foundation Wallet has purchased 10 tokens: Broccoli (714), ST, Mubarak (6f6), AIOT, SKYAI, CGPT, SIREN, KOMA, KILO, and WOD.

BlockBeats news, on May 16, Galaxy Digital founder and CEO Mike Novogratz stated in an interview with CNBC, "Hyperliquid is a decentralized NASDAQ with transparent profits, appealing to traditional stock investors."

Odaily News Moonshot announced the launch of the Solana on-chain Meme coin XBT, with a current market capitalization of 30.5 million USD and a 24-hour trading volume of 44.5 million USD.

Jin10 reported on May 16 that analysts from Goldman Sachs Credit Research stated in a report that the risk of a U.S. economic recession has dropped, financial conditions are improving, and business optimism is resurfacing, which reduces the likelihood of a "sharp acceleration in default rates." The easing of trade tensions and the decline in borrowing costs have created favorable conditions for U.S. businesses.

The U.S. Department of Justice has charged 12 young suspects involved in a $263 million Crypto Assets fraud and Money Laundering case. The criminal gang stole crypto assets through hacking and social engineering, with one victim losing approximately 4,100 Bits. The suspects hid the proceeds in toys for shipping, mainly including Malone Lam, Marlon Ferro, and Conor Flansburg. They were arrested after spending lavishly, with some still fleeing to Dubai.

Jin10 data reported on May 16 that U.S. consumer confidence from the University of Michigan fell slightly in May. Forexlive analyst Adam Button stated that the data is not good. I originally expected some recovery after Trump lifted the tariff on Liberation Day, but it has not happened this time. The suspension of tariffs should be a favorable factor in the coming month.

The first season analyst competition initiated by RootData is ongoing. Participants are required to submit market analysis reports, with a total prize pool of 3000 USDT, and the deadline is May 23 at 14:00 UTC. Winners will share the prize and showcase their works at the RootData media center. The competition encourages data analysis to interpret market trends, explore the value of on-chain projects, and will be judged based on content depth and data insights.

On May 16, Kaichun announced that Wang Li, the controlling shareholder and actual controller, and Xu Lei, who acted in concert, planned to reduce their holdings of the company's shares by a total of no more than 800,000 shares, accounting for 1% of the company's total share capital, through centralized bidding and/or block trading from June 11, 2025 to September 10, 2025. Wang Li plans to reduce her holdings by no more than 630,000 shares, accounting for 0.7875% of the total share capital; Xu Lei plans to reduce his holdings by no more than 170,000 shares, accounting for 0.2125% of the total share capital. The reason for the reduction is the need for capital from shareholders. The reduction price will be determined based on the market price and will not be lower than the issue price of the company's initial public offering.

Siyuan Electric announced that it will repurchase part of its A-shares through centralized Bidding transactions for the purpose of canceling and reducing registered capital. The repurchase fund range is 300 million to 500 million yuan, with a maximum repurchase price of 109.45 yuan/share. The expected repurchase quantity is approximately 2.741 to 4.5683 million shares, accounting for 0.35%-0.58% of the total share capital. The repurchase period will not exceed twelve months.

Odaily News According to market data, ETHS briefly broke through 0.99 USD, with a 24 H rise exceeding 345%. Odaily reminds users that the price of this token is highly volatile, and investors should be aware of the risks.

On May 16, Joanne Hsu, director of consumer surveys at the University of Michigan, said that the consumer confidence index was basically flat this month, down only 1.4 points after four consecutive months of sharp declines. Since January 2025, market confidence has fallen by almost 30%. Nearly three-quarters of consumers spontaneously mentioned tariffs, up from nearly 60% in April; Trade policy uncertainty continues to dominate consumer perceptions of the economy. The investigation was conducted between April 22 and May 13 and ended two days after both China and the United States announced a moratorium on some tariffs. Many survey indicators showed some signs of improvement after the temporary tariff cuts, but these initial upturns were too small to change the overall picture – with consumers continuing to be pessimistic about the economy. So far, the initial reaction has echoed a slight uptick in sentiment following the partial suspension of tariffs on April 9, although sentiment continues to trend downward.

Golden Finance reports that the US Dollar Index DXY has risen by 16 points in the short-term, currently at 100.84. Previously, data showed that inflation expectations have increased and consumer confidence has dropped.

Odaily News The expected initial value of the one-year inflation rate in the United States in May is 7.3%, with a forecast of 6.50% and a previous value of 6.50%. The initial value of the U.S. 5 to 10-year inflation rate expectation for May is 4.6%, expected to be 4.40%, and the previous value was 4.40%. The preliminary consumer confidence index for May from the University of Michigan in the United States is 50.8, expected 53.4, previous value 52.2. (Jin Shi)

According to ChainCatcher news and Jin10 reports, U.S. President Trump stated that many good things will happen in the next month regarding the Gaza issue.

According to BlockBeats news on May 16, the modular blockchain Sophon announced that the SOPH token will be issued in May, and information regarding tokenomics, community allocation, and more will be shared soon.

Odaily News Fidelity Digital Assets stated in a post on the X platform that after experiencing 69 days of low profits and high Fluctuation, the acceleration phase of Bitcoin continues, reinforcing the Fidelity team's argument that Bitcoin may reach a new all-time high before the end of this cycle.

BlockBeats news, on May 16, Believe founder Ben Pasternak posted on social media, "I see a lot of concerns about fees, and there will be more explanations later. But in short: we are receiving a large volume of transactions, which is causing issues in many systems. We are fixing it. I see a lot of misinformation about fees on X. All creators will receive fees as scheduled, and the fix may take some time."

Ethereum researcher Justin Drake pointed out that the cost of attacking Ethereum is much higher than that of attacking Bitcoin, and the PoS mechanism along with community coordination provides additional security guarantees. The community is able to identify and punish attackers, which is an advantage that the PoW mechanism does not possess. The founder of Lightblocks also believes that the security of Ethereum relies not only on cryptography and protocol rules but also on the coordination mechanism of the community.

Jin10 reported on May 16 that Weining Health announced that the shareholder and director Liu Ning's concerted actor, Tongyi private sale fund product, holds 31.6847 million shares of the company, accounting for approximately 1.43% of the company's total share capital. The Tongyi private sale fund product plans to transfer all its held company shares to Liu Ning's spouse, Hou Minghua, through Block Trading within 3 months after 15 trading days from the date of the announcement. This transfer constitutes an internal shareholding change of a member of the concerted action of the company's shareholders. The total number and proportion of shares held by Liu Ning and his concerted actors have not changed, and it does not involve a reduction in holdings in the market.

Jin10 data reported on May 16th that Jiejiayichuang announced in the evening that the company's controlling shareholder and one of the actual controllers, Yu Zhong, plans to reduce his holdings in the company by no more than 1.734 million shares (accounting for 0.5% of the company's total share capital) through Block Trading. The company's controlling shareholder and one of the actual controllers, Liang Meizhen's concerted actor, Jiang Zeyu, plans to reduce his holdings in the company by no more than 968,000 shares (accounting for 0.28% of the company's total share capital) through centralized Bidding, and to reduce his holdings in the company by no more than 5.203 million shares (accounting for 1.50% of the company's total share capital) through Block Trading.

Odaily News According to Arkham monitoring, about 2 minutes ago, Grayscale transferred 13,070 ETH, worth 34.05 million USD, to two unknown Addresses through its Ethereum exchange-traded fund.

ChainCatcher news, Glassnode posted on the X platform that the implied volatility of Bitcoin call options has risen above that of put options. This change indicates an increase in bullish sentiment in the market, with traders more inclined to bet on price rises rather than hedge against falling risks — a risk appetite signal supporting Bitcoin's upward trend.

BlockBeats news, on May 16, Glassnode stated that the implied volatility of Bitcoin call options has surpassed that of put options. This change indicates a rise in market bullish sentiment, with traders more inclined to bet on price increases rather than hedge against downside risks—this is a risk preference signal supporting a bullish trend for Bitcoin.

Kanglong Huacheng announced that its shareholder, Xinchong Kangcheng, who holds more than 5% of the shares, plans to reduce its holdings by no more than 26.6729 million shares, accounting for 1.50% of the company's total share capital, within 3 months after 15 trading days from the announcement date, through centralized Bidding or Block Trading.

ChainCatcher news, Sentora (formerly IntoTheBlock) stated that due to a significant rise in on-chain activity, the total fees for Ethereum rose by 160% this week.

Odaily News Solana's memecoin launch platform Pump.fun has launched a new Meme coin themed after Eric Trump, the second son of Trump, which has risen over 6,200% in the past 24 hours, raising alarms in the encryption community. Blockchain data platform Bubblemaps posted on X platform, warning about Eric Trump, the second son of Trump.