📉 Crypto trading activity continues to weaken, with spot trading volume falling to its lowest monthly level since October 2023.

As activity slows, liquidity remains concentrated on a small group of exchanges. Gate ranks among the deepest venues across both spot and perpetual futures markets, reinforcing its position as a major hub for large-scale execution.

Institutional liquidity continues to consolidate around a handful of dominant exchanges.

🐳 #AAVE After being dormant for 3 years, a whale holding 38,554 $ETH ($64.28M):

- Supplied 20,000 $ETH ($33.28M) to Aave V3
- Borrowed $30M $USDT
- Bought 17,826 $ETH at $1,683 (loop borrowing)
- Now holds 56,380 $ETH ($94.04M)

The whale is likely to buy more $ETH.

Buying #ZEC today is like buying #BTC at Black Swan March 2020

🆕 $BABY listed on Upbit spot (KRW)

🐳 After being dormant for 5 years, a whale deposited 602.26 $BTC worth $37.81M into Binance. This transaction resulted in a profit of $30.66M.

🕵️‍♂️ ZEC plunged 50% following the counterfeiting vulnerability, but some whales are still bravely buying the dip.

A newly created wallet withdrew 37,316 $ZEC ($13.12M) from Binance 40 minutes ago.

🕵️ BlackRock deposited 1,978 $BTC ($123.66M)
and 14,244 $ETH ($23.84M) into Coinbase.

🇨🇳📝 SpaceX’s IPO reportedly bars investors from China and Hong Kong, per Bloomberg.

🔮 Morgan Stanley expects SpaceX $SPCX to reach $3.4 trillion in annual revenue by 2040.

🇺🇸🗣 #BTC $344 Million ProCap Finance CEO Anthony Pompliano says Bitcoin will continue going up in price because politicians have to continue printing more money.

"Bitcoin is going to be just fine... Bitcoin has no top because the dollar has no bottom.". #regulation

#ZEC situation is still uncertain

The Dev Team has a plan to fix the critical bug, but holders are still in full panic mode.

250$ is the boundary level between death and life.

Watch & react

🔮 #BTC There's now an 80% chance Bitcoin will fall to $60,000 this month before going back up.

HODL!

🇺🇸📝 Macro USA (May):
- Unemployment rate: 4.3% (prior: 4.3%);
- Nonfarm Payrolls: 172k (prior: 115k) #macro

🗽 #BTC The full text for Congressman Nick Begich's Strategic Bitcoin Reserve bill is now published online.

📊 A positive signal?

BlackRock finally stopped its $BTC outflows today, recording a net inflow of 537 $BTC ($33.18M).

Looking at the historical relationship between $BTC price and BlackRock's inflows/outflows, is the local bottom here?

😱 #BTC Bitcoin crashes under $61,000.

💸 #BTC $155,000,000 worth of crypto longs liquidated in the past 60 minutes.

🇺🇸🏦 #BTC JP Morgan, Bank of America, Citi, and Wells Fargo will launch a tokenized deposit network next year to compete with Bitcoin and crypto companies.

💸 Tom Lee's 'Bitmine' $ETH investment is currently at a $10 billion unrealized loss.

💸 #BTC $172M longs rekt in 1 hour as Bitcoin dipped below $61,000.

🗣 President Trump says, "With a great jobs report, stocks should go up, not down."