The China-US Economic and Trade High-level Dialogue commences in Geneva, Switzerland

On May 10th, the DeFi platform Zaros announced that it would cease project operations due to the exhaustion of funds. "During the past five months, we have made every effort to explore every possible path, including transformation, extending the funding timeline, and evaluating strategic options. Despite the team's tremendous endeavors, we no longer have the funds to continue driving this project forward." The team encountered many problems, such as launching the entire product at one time instead of implementing modular releases and the timing of the token launch. BlockBeats previously reported that on May 23, 2024, the DeFi platform Zaros completed a $1.8 million financing round, with the participation of SNZ Holdings, Seven Capital, Cogitent Ventures, DCI Capital, Antony Sassano, Fernando Martinelli, Kieran Warwick, Andy Chen, and Kevin Lu, etc. Zaros aims to enhance perpetual futures trading by using Liquid Stake Token (LST) and Liquid Restake Token (LRT).

May 10th (local time). Ukrainian Foreign Minister Kuleba declared that following the meeting among Ukrainian President Zelensky and German Chancellor Merkel, French President Macron, Polish Prime Minister Morawiecki, and UK Prime Minister Johnson in Kyiv, they had a phone call with US President Trump. Kuleba stated that Ukraine and all its allies are prepared to achieve at least a 30-day comprehensive and unconditional ceasefire on land, in the air, and at sea starting from the 12th. Kuleba mentioned that if Russia agrees and can effectively supervise the ceasefire, a lasting ceasefire and confidence-building measures could open the way for peace talks. (FX168)

On May 10th, according to the monitoring of ai_9684xtpa, the whale address 0x8f9...f55A0 accumulated 15,332 ETH (approximately $51.7 million) at the peak of Ethereum four months ago. Subsequently, half of it was deposited into StakeStone. Just an hour ago, they withdrew all 7665 ETH and deposited it into a trading platform. If sold, they may face a potential loss of $7.33 million.

On May 10th, according to Coinglass data, the total network liquidated $348 million within the past 24 hours. There were $184 million in long liquidations and $164 million in short liquidations. Additionally, $32.548 million in BTC liquidations and $126 million in ETH liquidations occurred.

On May 10th, the Trend Research under LD Capital released its most recent research report. It stated that Ethereum is considered to have a long-term breakthrough above $5000. Under an optimistic situation, if Bitcoin breaks through $300,000 in this cycle, Ethereum is expected to rise to $10,000. Ethereum still maintains robust financial data, and its status as the most important infrastructure for crypto finance remains unchanged. Ethereum's DeFi total TVL is approximately $600 billion, accounting for more than 53% of the global DeFi market. The stablecoin market capitalization is $1.24 trillion, representing more than 50% of the global stablecoin market capitalization. Ethereum's total ETF AUM is $7.2 billion. BlackRock's tokenized currency market fund BUIDL has an investment of around $2.7 billion in the Ethereum ecosystem, accounting for 92% of its total assets. Based on the following potential factors, it is predicted that Ethereum's price will reach $5000 in this cycle: - The u

On May 10th, Ki Young Ju, the founder of CryptoQuant, stated in a post that Bitcoin is deflationary. The Strategy's purchase of BTC is quicker than the mining speed of Bitcoin. The 555,000 BTC they possess is illiquid and there is no selling plan. Just considering MSTR's holdings alone indicates an annual deflation rate of -2.23%. When other stable institutional holders are added, the deflation rate could be even higher.