AiCoin Daily Report (May 19)

1. The Federal Reserve (FED) has a 91.4% probability of keeping the Intrerest Rate unchanged in June.

According to CME’s “The Federal Reserve Watch”: The probability of the Federal Reserve maintaining the interest rate unchanged in June is 91.4%, and the probability of a 25 basis point rate cut is 8.6%. The probability of the Federal Reserve maintaining the interest rate unchanged in July is 66.9%, the cumulative probability of a 25 basis point rate cut is 30.8%, and the cumulative probability of a 50 basis point rate cut is 2.3%. -Original Text

2. The defense of Tornado Cash accuses the prosecutor of misleading the court.

Odaily Planet Daily reports that Roman Storm, the defense attorney for Tornado Cash co-founder, accuses U.S. federal prosecutors of misleading the court regarding the legal applicability of non-custodial crypto mixers, claiming that the prosecution failed to disclose critical communications with the Financial Crimes Enforcement Network (FinCEN), which could undermine the government’s core allegation that Tornado Cash operates as an unlicensed money transmission business. Roman Storm’s defense references details disclosed in a case related to Samourai Wallet developers, emphasizing that FinCEN previously stated that Samourai Wallet, due to its non-custodial nature, may not meet the definition of a money services business. Given that Tornado Cash is likewise a non-custodial protocol, the defense argues that this position is equally applicable. Currently, Roman Storm’s legal team is requesting the court to compel the government to disclose all communications with FinCEN and provide materials related to the Samourai Wallet case, with the trial expected to begin on July 14.

3. Whale James Wyn has an unrealized profit of 20.41 million USD on long positions.

The determined BTC bull James Wynn (@JamesWynnReal) has accumulated an unrealized profit of $20.41 million on Hyperliquid long positions. - BTC 40x long: position value $393 million, opening price $103,083, liquidation price $95,551, unrealized profit $3.15 million - kPEPE 40x long: position value $44.97 million, opening price $0.00766, liquidation price $0.0035556, unrealized profit $19.03 million - XPR 40x long: position value $41.82 million, opening price $2.49, liquidation price $0.55, unrealized loss $1.77 million - original text

4. The hacker who stole the SEC account and published false information has been sentenced.

The U.S. Department of Justice stated that a judge has sentenced a man from Alabama to 14 months in prison and 3 years of supervised release for his involvement in the January 2024 attack on the SEC’s X account, which was used to send a tweet that caused the price of Bitcoin to briefly surge by more than $1,000. Foresight News previously reported that on January 10, 2024, the SEC’s official X account was hacked, during which the impersonating SEC released false news about the approval of a Bitcoin ETF.

5. Michael Saylor hinted at buying more Bitcoin.

6. A giant whale deposited 700 BTC into Binance.

A certain whale deposited 700 BTC into Binance, worth 72.72 million USD. This whale holds a total of 4500 BTC, valued at 467.49 million USD. -Original

7. Pyth tokens will be unlocked next week, worth $340 million.

Next week, two cryptocurrency projects will unlock tokens, releasing a total value of approximately $420 million. On May 19, Pyth will unlock approximately 2.12 billion tokens ( worth about $340 million ), accounting for 21.25% of the total supply; on May 21, FTN will unlock approximately 20 million tokens ( worth about $87.8 million ), accounting for 2.0% of the total supply. -Original text

The above is a selection of highlights from the past 24 hours. For faster news, please download AiCoin ()