According to Odaily, Cirrus, an advisor at Arcade.xyz, recently shared on platform X that four months ago, when the floor price of Bored Ape Yacht Club (BAYC) fell below 25 ETH, certain addresses swept in more than 1% of the supply in an attempt to buy at the bottom. However, the value of these BAYC has now dropped by approximately 1400 ETH, equivalent to 4.3 million USD. Blur data indicates that the temporary floor price of BAYC is reported at 13.4 ETH, with a 7-day drop rate of 7.66%. This significant decrease in value has raised concerns among investors and stakeholders in the crypto market. The Bored Ape Yacht Club (BAYC) is a popular NFT collection that has seen significant interest and investment in recent years. However, this recent drop in value indicates a potential shift in the market dynamics. The crypto market is known for its volatility, and this recent development with BAYC is a clear example of that. Investors are advised to exercise caution and conduct thorough research before making any investment decisions in this market.

According to PANews, OpenAI's Chief Scientist, Ilya Sutskever, and one of the leaders of the Super Alignment Team, Jan Leike, have announced their resignations. OpenAI confirmed on the same day that the 'Super Intelligence Alignment Team', led by Sutskever and Leike, has been disbanded. In a series of 13 tweets on May 18, Leike revealed the real reasons behind his departure and shared more inside information. He cited insufficient computational resources and a lack of emphasis on safety by OpenAI as the main reasons. Leike stated that more resources and energy should be invested in preparing for the new generation of AI models, but the current development path cannot smoothly achieve this goal. His team faced significant challenges in the past few months, sometimes struggling to obtain enough computational resources. Leike also emphasized that creating machines that surpass human intelligence is full of risks. While OpenAI is taking on this responsibility, the safety culture and processes have been marginalized in the pursuit of product development. He stressed that OpenAI must transform into a company that prioritizes safety. In response to Leike's revelations, Sam Altman, CEO of OpenAI, expressed his gratitude for Leike's contributions to OpenAI in AI super alignment research and safety culture. He regretted Leike's departure and acknowledged that there is still much work to be done. Altman committed to advancing these tasks and promised to write a more detailed article discussing the issue in the coming days. TechCrunch reported on May 18 that OpenAI's decision to abandon safety research and launch new products like GPT-4o led to the resignation of the two leaders of the 'Super Alignment' team. It remains unclear when or if the tech industry will achieve the necessary breakthroughs to create artificial intelligence capable of performing any task a human can do. However, the dissolution of the 'Super Alignment' team seems to confirm that OpenAI's leadership, especially Altman, prioritizes products over safety measures. On May 19, Altman responded to rumors about 'gagging' resignation clauses on social media. He stated that the company has never reclaimed anyone's vested equity, even if they did not sign a resignation agreement or agree to a non-disparagement agreement.

According to PANews, Nate Geraci, the president of ETF Store, has announced via Twitter that the Securities and Exchange Commission (SEC) is set to make a decision on the Ethereum spot ETF this week. For the ETF to be launched, the SEC must approve both the 19b-4, which pertains to changes in trading rules, and the S-1, which is a registration statement. Technically, the SEC could approve the 19b-4s and then slow down the approval process for the S-1, especially considering the lack of participation. This announcement has sparked interest and anticipation in the financial community, as the decision could potentially impact the future of Ethereum trading.

According to BlockBeats, Bryan Pellegrino, co-founder and CEO of LayerZero, announced on social media on May 20th that the bounty process will reopen in the next one or two days. This move is aimed at addressing the issue of witch reports being deleted on Github. Pellegrino also stated that the method of report submission will be altered, and a 'margin' system will be introduced, potentially with a bond amount of 0.02 ETH. The new changes are expected to streamline the bounty process and prevent the deletion of important reports. The introduction of the 'margin' system is seen as a significant step towards ensuring the credibility of the reports. The bond amount, although not confirmed, is speculated to be 0.02 ETH. This system is expected to act as a deterrent for false reporting and encourage more accurate and reliable submissions. The reopening of the bounty process and the introduction of these changes reflect LayerZero's commitment to addressing issues and improving their systems. The company has not yet provided further details on the exact timeline or the specifics of the new submission process.

According to PANews, LayerZero Labs CEO Bryan Pellegrino announced a temporary suspension of the Witch Hunt reward activity for one to two days to adjust its design. Pellegrino stated that within a few hours of the reward activity's commencement, LayerZero received over 3,000 witch report allegations and 30,000 appeals. To address these issues, the reporting process will be paused for 'one to two days'. Pellegrino suggested a possible solution could be to charge 0.02 ETH for submitting reports to reduce automatic system reporting.

According to CryptoPotato, Aiden Pleterski, known as Ontario’s 'Crypto King', and his associate Colin Murphy, 27, have been arrested on charges of fraud and money laundering. The charges are related to an alleged Ponzi scheme, which is believed to have defrauded victims of approximately $30 million. The arrests followed a 16-month investigation, known as 'Project Swan', which is one of the most extensive fraud investigations the region has seen. The investigation involved numerous victim interviews, dozens of court orders, and thousands of pages of financial documents. Pleterski has been charged with one count of fraud over $5,000 and one count of laundering proceeds of Canadian crime. The allegations against Pleterski are currently under a publication ban issued on May 14, 2024. Stephen Henkel of the Ontario Securities Commission stated that Pleterski was not registered with any Canadian securities regulator. Authorities believe he may have been soliciting investors as recently as February 2024. However, none of the allegations against Pleterski have been proven in court, and Ontario authorities have not disclosed further details of their case. In a separate incident, Pleterski was reportedly kidnapped, assaulted, and tortured by five individuals claiming to be his victims last year. The five suspects were arrested by Toronto police on charges of kidnapping for ransom and other offenses. Pleterski was held captive for three days and was released after he was pressured to produce a sum of money urgently. A video obtained by CBC News showed a visibly bruised and injured Pleterski apologizing and expressing regret for any harm caused. His lawyer confirmed that the video was recorded during the kidnapping ordeal.

According to CryptoPotato, two siblings and Massachusetts Institute of Technology (MIT) alumni are facing allegations of exploiting a vulnerability in the Ethereum blockchain to swindle $25 million. Prosecutors have labeled this as a first-of-its-kind caper. If convicted, Anton Peraire-Bueno, 24, and James Peraire-Bueno, 28, could potentially serve sentences exceeding 20 years in prison. They are facing federal charges in Manhattan for fraud and money laundering. The accusations stem from what prosecutors describe as a meticulously planned cyber heist executed from their computers over several months. The brothers were arrested on Tuesday in Boston and New York. Deputy Attorney General Lisa Monaco commented on the development, stating that the Peraire-Bueno brothers stole $25 million in Ethereum cryptocurrency through a technologically sophisticated, cutting-edge scheme they plotted for months and executed in seconds. Both individuals attended MIT, where Anton completed his Bachelor of Science in computer science and mathematics in February, while James obtained a Master of Science in aeronautics and astronautics in 2021. Prosecutors allege that the brothers used their advanced expertise acquired at MIT to manipulate Ethereum’s transaction validation process. They reportedly targeted Ethereum traders by fraudulently accessing pending private transactions and subsequently modifying them to acquire their victims’ cryptocurrency. When confronted by an Ethereum representative, authorities allege that the brothers refused to return the funds. Instead, they are accused of laundering the funds and concealing their ill-gotten gains.

According to Bloomberg, the recent launch of US Bitcoin has sparked interest among developers who believe that adding programmability to Bitcoin could be the solution to its intentional design flaw. Over the years, developers have attempted to rectify this flaw by building Bitcoin 'Layer 2' networks. However, the recent development of 'Arch', an application platform that runs on top of Bitcoin, has changed the game. This software could potentially allow apps from the Layer 1 Foundation to run computations similar to smart contracts on Ethereum. The Layer 1 Foundation is also developing a programmable module for the BRC-20 metaprotocol, essentially messages stored in code layered on the Bitcoin blockchain. An indexer can locate these messages and run computations. Due to Bitcoin's longer block confirmation times compared to Ethereum, there is more time to perform computations. Eril Ezerel, founder of Best in Slot and Ordinals aggregator and explorer, believes this could lead to a new chapter in crypto. However, not everyone in the Bitcoin programming community is convinced that this is the future of cryptocurrency. Some believe that the new Bitcoin L2s are expanding Bitcoin's reach, boosting the Ethereum ecosystem, and competing with it simultaneously. Despite this, new ventures are betting that this new type of programmability could lead to an influx of decentralized finance apps on Bitcoin. Currently, the total value of tokens locked in the Bitcoin DeFi market is about $1.1 billion, compared to $52.7 billion for Ethereum, according to data tracker DeFi Llama. Toby Lewis, a founder of OrdinalsBot, suggests that Bitcoin's DeFi ecosystem could grow to be the largest in all of crypto, potentially reaching trillions of dollars of market cap over the next few years. This growth could be the next catalyst that Bitcoin investors are waiting for.

According to Odaily, the total asset management size of Bitcoin Exchange Traded Funds (ETFs) has reached $53.967 billion. The data, provided by Coinglass, shows that the top three Bitcoin ETFs in terms of asset management size are GBTC, IBIT, and FBTC. GBTC leads the pack with an asset management size of $19.373 billion. Following closely behind is IBIT, with an asset management size of $17.243 billion. FBTC rounds out the top three with an asset management size of $9.9 billion. These figures highlight the growing interest and investment in Bitcoin ETFs. As the cryptocurrency market continues to evolve, these funds provide an opportunity for investors to gain exposure to Bitcoin without the need to directly own or manage the digital asset. This development is a significant milestone in the mainstream acceptance and institutional adoption of Bitcoin.

According to BlockBeats, on May 19, 4E successfully hosted a summit titled 'Fine-Tune Your Fortune' in Ho Chi Minh City, Vietnam, attracting over 800 participants. The event focused on key topics such as blockchain technology and investment prospects and strategies for the 2024 bull market. Argentinian football legend Juan Sebastian Veron attended the summit, interacting with participants and presenting awards to the user with the highest gold trading volume on the 4E platform. As the host, 4E showcased its ambition to be a global market leader, providing secure, convenient, and innovative financial products, investments, and custodial services. During the summit, 4E representatives detailed the platform's products and features, including cryptocurrencies, forex, stocks, indices, and commodities. These diverse investment options aim to meet the needs and preferences of different users, allowing everyone to find suitable investment tools. Notably, 4E not only offers traditional investment choices but also enhances user investment experience through innovative methods. For instance, the 4E financial card allows users to use it at 50 million merchants worldwide, enabling seamless conversion between crypto assets and fiat currency. The summit also sparked interest and discussion about 4E's global strategic partnership with the Argentinian national team. Representatives stated that this partnership is a significant milestone for both parties, deepening the relationship between sports and finance. They also expressed plans for continued collaboration to jointly explore the market for mutual benefits. Regarding 4E's future development, representatives revealed plans to expand its product line in forex, cryptocurrencies, and bulk assets, and integrate more innovative payment and consumption channels. The Vietnamese market is a current focus for 4E, with the 4E app consistently ranking high in the Vietnamese app store, indicating growing influence and acceptance in the region. The platform plans to further engage in this vibrant market through more community activities and localized quality services, using Vietnam as a pivot to radiate to the entire Southeast Asian market. The summit concluded with Juan Sebastian Veron engaging in exciting exchanges and sharing with the audience, and presenting awards to the user with the highest gold trading volume on the 4E platform. This not only added entertainment to the event but also showcased 4E's close ties with the sports world. The successful hosting of the 'Fine-Tune Your Fortune' summit demonstrated 4E's leading position and innovative capabilities in the field of financial services.

According to Odaily, cryptocurrency fund Thanefield Research has initiated a proposal vote in the Gnosis DAO community regarding a $30 million buyback plan for GNO. The proposal was made in response to the perceived undervaluation of GNO relative to its book value. To address this issue, a large-scale buyback plan has been suggested. The plan aims to implement a $30 million buyback within six months, which would account for approximately 5% of Gnosis DAO's assets. The proposal by Thanefield Research is a strategic move to correct the market value of GNO and ensure its stability in the market. The final decision on the buyback plan will be determined by the Gnosis DAO community through a voting process. The outcome of this proposal could have significant implications for the value and stability of GNO in the cryptocurrency market.

On May 19, 2024, 14:38 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 67,000 USDT and is now trading at 66,987.992188 USDT, with a narrowed 0.06% increase in 24 hours.

According to Odaily, CoinMarketCap has issued a warning to its users about potential scams. The company announced on platform X that it will never initiate private messages to its users. If a user receives a private message claiming to be from CoinMarketCap and asking for funds, it is most likely a scam. CoinMarketCap urges its users to verify before sending any funds. The company is taking this step to protect its users from falling victim to fraudulent activities. It is important for users to be vigilant and double-check any suspicious messages they receive.

According to PANews, data from Token Unlocks indicates that a substantial one-time unlocking of tokens, including PYTH and others, is expected next week. The total value of the tokens to be released is estimated to be around $1.3 billion. The Pyth Network (PYTH) is set to unlock approximately 21.3 billion tokens on May 20, Beijing time. This represents 141.67% of the circulating supply and is valued at about $943 million. On May 22, Beijing time, Avalanche (AVAX) will unlock approximately 9.54 million tokens, which constitutes 2.49% of the circulating supply. The value of these tokens is estimated to be around $347 million. Also on May 22, SPACE ID (ID) will unlock about 18.49 million tokens, representing 4.29% of the circulating supply. These tokens are valued at approximately $13.7 million. On May 24, Euler (EUL) is set to unlock around 4.66 million tokens, which currently make up 0.34% of the circulating supply. The value of these tokens is estimated to be about $370,000. Lastly, Acala (ACA) will unlock approximately 4.66 million tokens on May 25, Beijing time. This represents 0.48% of the circulating supply and is valued at about $500,000.

According to CryptoPotato, Polkadot has recently partnered with the Founder Institute to launch a Web3 cohort and introduced Asynchronous Backing to enhance scalability. The blockchain protocol's ecosystem continues to advance due to frequent improvements in its operations and vital partnerships. The Founder Institute, a leading business incubator that turns ideas into fundable startups, described the collaboration as groundbreaking and the start of an exciting chapter related to the launch of the first Web3 cohort in its Core Program. The program's launch is set for May 28, and it will be guided by top experts from the Polkadot community. Earlier this month, Polkadot enabled Asynchronous Backing on the network, a mechanism designed to improve the scalability and efficiency of the entire ecosystem. This mechanism represents an optimized approach for how parachain blocks are validated by the central chain – Relay Chain. The team revealed that blocks are produced twice as fast, and available block space was boosted by 6-10 times following the upgrade. This enhancement boosts throughput by 8x, without sacrificing security, paving the way for supporting Web3 applications across verticals such as gaming and DeFi. Another significant development is the release of the Join-Accumulate Machine (JAM) Gray Paper, a technical upgrade that outlines an innovative approach for improving the performance and scalability of blockchain networks, particularly in the context of Polkadot’s ecosystem. The blockchain protocol is also exploring external partnerships, such as a potential deal with the American soccer club Inter Miami. Nico Zini, the team’s commercial manager and in charge of TV rights, revealed that both sides may join forces on an $8.8 million sponsorship partnership. Some of Polkadot’s parachains, individual blockchains that run in parallel with the Polkadot ecosystem, have also advanced lately. The Acala Network completed the Sinai Upgrade at the beginning of May, aiming to strengthen security measures, empower the community to participate in governance decisions, and improve Acala’s capabilities to interact seamlessly across different blockchains. The Moonbeam Network introduced the Moonbeam Odyssey Program Trials, which emphasizes community involvement with various events and educational initiatives.

According to Odaily, the value of Ethereum (ETH) has experienced a short-term drop, falling below 3100 USDT. The current value stands at 3089 USDT, indicating a 24-hour decrease of 1.5%. This recent fluctuation in Ethereum's value is part of the volatile nature of the cryptocurrency market, where prices can change rapidly within short periods. Investors and traders are advised to keep a close eye on the market trends for informed decision-making. Despite the drop, Ethereum remains one of the leading cryptocurrencies in the market, second only to Bitcoin in terms of market capitalization. Its performance continues to influence the overall state of the cryptocurrency market.

According to Odaily, Enjin has announced the launch of an automatic transfer feature for ENJ tokens on the X platform. This development comes as a response to the incorrect usage of ENJ tokens on the Relaychain by users to fund their self-hosted wallets. The new feature is designed to automatically detect ENJ tokens transferred to wallets hosted on the Relaychain network and subsequently transfer these tokens to the Matrixchain network. This innovative solution aims to streamline the process and prevent potential errors in token transfers. The automatic transfer feature is expected to enhance the user experience by simplifying the process of managing and transferring ENJ tokens between different blockchain networks.

On May 19, 2024, 10:33 AM(UTC). According to Binance Market Data, BNB has crossed the 580 USDT benchmark and is now trading at 580.099976 USDT, with a 0.09% decrease in 24 hours.

According to BlockBeats, data from Farside Investors reveals that the net inflow into the US spot Bitcoin ETF reached $948.3 million this week. The inflow was distributed across the week as follows: On Monday, May 13, the net inflow was $66 million. The following day, Tuesday, May 14, saw a net inflow of $100.5 million. The inflow increased significantly on Wednesday, May 15, with a net inflow of $303 million. On Thursday, May 16, the net inflow was $257.3 million. Finally, on Friday, May 17, the net inflow was $221.5 million. This data indicates a strong interest in Bitcoin ETFs among investors in the US. The consistent inflow throughout the week suggests a positive market sentiment towards Bitcoin and its potential for returns.

According to Odaily, the Federal Reserve is reportedly planning to ease the proposed capital increase requirements for major banks. The Wall Street Journal reports that the previous plan required an average capital increase of nearly 20%. However, the new plan might be approximately half of the original proposal. This move by the Federal Reserve could potentially have significant implications for the banking industry, particularly for large-scale banks that would be directly affected by these capital increase requirements. The decision to ease these requirements could provide these banks with more flexibility in their operations and financial management. However, it is important to note that these plans are still under consideration and have not been finalized. Further details about the new plan and its potential impact on the banking industry are yet to be released.