Binance Wallet accounted for 80% of yesterday's cryptocurrency wallet transaction volume

On May 9th, Andrei Grachev, a partner of DWF Labs, posted on the X platform that he had just transferred some tokens to DWF Labs' public wallet. DWF Labs is currently in the process of actively purchasing various types of altcoins and will gradually send them to the wallet. Grachev further added: "Perhaps we will set up our own strategic reserve; we are still considering this."

On May 9th, with the price of Bitcoin briefly reaching above $104,000, it is currently trading at $103,300. Strategy (formerly MicroStrategy) has realized an unrealized gain of $19.301 billion in its Bitcoin holdings. As of May 4, 2025, Strategy holds 555,450 BTC that were acquired at an approximate total cost of $38.08 billion, with an average price per BTC of approximately $68,550.

On May 9th, Federal Reserve Governor Quarles indicated that our current monetary policy stance is moderately tight. The first-quarter GDP revealed that the true essence of the economy is resilient. (Xinhua Finance)

On May 9th, as monitored by on-chain analyst Yu Jin, a whale that had been shorting 115,000 SOL recently decided to close its position just before the SOL short position was about to reach the liquidation price. It sold 115,000 SOL at a price of $175, with a total closing amount of $20.13 million. As a result, it suffered a loss of $1.05 million and a loss percentage of 86%. If this position had not been closed in a timely manner, it would have faced liquidation.

On May 9th — The board member of the European Central Bank (ECB), Olli Rehn, stated that as the Eurozone economy has not yet fully felt the impact of U.S. tariffs, he anticipates that inflation will continue to decelerate. However, the ECB must further reduce interest rates. He mentioned that although economic activity initially exhibited strong performance, recent geopolitical trends, including President Trump's trade threats, have been unfavorable news. At the same time, he observed "clear anti-inflationary factors" at work. He said, "For me, the decision in June is very evident; we need to cut rates once again." He also said, "It is possible to cut rates again after June," although the timing remains unclear. Since last June, the ECB has cut rates seven times. Officials have stated that they are prepared to take more measures as U.S. tariffs pose a threat to economic growth. (FXStreet)

On May 9th, as reported by The Block, a man named Mohammed Azharuddin Chhipa from Virginia has been sentenced to 30 years in prison for using cryptocurrency to finance the Islamic State (ISIS). The Department of Justice declared that from 2019 to 2022, he raised more than $185,000 through social media and converted the funds into cryptocurrency. Then, he transferred these funds to Turkey and ultimately directed them to ISIS members inside Syria to support activities such as escape attempts, attack logistics, and the livelihood of combatants.