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HAPPY PIZZA DAY 🍕 16 years ago today, Laszlo Hanyecz paid 10,000 Bitcoin for two Papa John's pizzas. Today, 10k $BTC is worth over $775,000,000😁 This story greatly inspires us! We would love to see ZarGates' assets reach the same valuation!

$BTC 📍76K level is now a critical support. 🟢Above 76K, target is 84.5K 🔴Below 76K, target is the 72K-72.5K region. Friends, $BTC is currently continuing its movement within the ascending channel it has formed since February. With the recent drop, we saw a retracement to the 76K level, which is the Fibonacci 0.382 retracement level of the rise from channel support to channel resistance. Currently, the price seems to have made the 76K level a support. As long as it stays above this support, the first target will be the 84.5K levels again. However, it should not be forgotten that it is priced below the middle band of the ascending channel. Therefore, for the rise to gain strength, this trend resistance needs to be overcome first. 📍In summary: 👉Above 76K, the outlook is positive. 84.5K and then 98K targets are on the table. 👉If it closes below 76K, we may see a pullback to the rising channel support, approximately to the 72K-72.5K level. Continue monitoring.

Tracking a specific address placing a limit buy order for ETH on Cowswap on April 20, with a price range from 1840.9 USD to 2076.38 USD, totaling 20.68 million USD. From early morning until now, 3942.3 ETH have been traded, worth 8.15 million USD, with an average price of 2067 USD. At the time of placing the order, the ETH price was approximately 2276 USD.

As of May 23, Saudi Arabian media Alhadath reported that Iran proposed opening the Strait of Hormuz in exchange for compensation from the United States. Iran demands that sanctions and fund freezes be discussed before any agreement is signed. According to PolyBeats, on the Polymarket prediction market, the probability that "the Strait of Hormuz will be opened for maritime traffic before the end of this month" is 4%, and 33% before the end of next month.

According to data from Coinglass, large investors (whales) on the Hyperliquid platform currently hold positions worth 4.375 billion USD, with long positions holding 2.151 billion USD (49.17% of total positions) and short positions holding 2.224 billion USD (50.83% of total positions). The long positions have a profit/ratio of 49.4113 million USD, while the short positions have a profit/loss of 5.5385 million USD. Among them, the whale address 0x8def..ae has a cross-margin short position on HYPE shares at a price of 45.3003 USD, currently with an unrealized profit/loss of 17.6246 million USD.

$ARB /USDT — SCALP SHORT Current: $0.109 Bias: Bearish momentum 📉 Entry: $0.1085 – $0.11 SL: $0.1145 TP1: $0.1075 TP2: $0.1065 TP3: $0.1055 TP4: $0.1045 TP5: $0.1025+ 🔻

$BTC bearish momentum accelerating as bears stay in control Short $BTC Entry: 74,800 – 75,500 SL: 76,900 TP1: 73,800 TP2: 73,200 TP3: 72,600 TP4: 72,000

On-chain analyst Ai Yi tracked a specific address placing a limit buy order for ETH on Cowswap on April 20, with a price range from 1840.9 USD to 2076.38 USD, totaling 20.68 million USD. From early morning until now, 3942.3 ETH have been traded, worth 8.15 million USD, with an average price of 2067 USD. At the time of placing the order, the ETH price was approximately 2276 USD.

The market is too red.

According to the European Central Bank (ECB), proposals to ease regulations on euro stablecoins have been rejected, considering such measures too risky and potentially harmful to financial stability and monetary policy transmission. At an informal meeting of EU finance ministers in Nicosia, Cyprus, Bruegel proposed reducing liquidity requirements for stablecoin issuers and allowing them access to ECB funding when necessary to counter the market dominance of dollar-pegged stablecoins and prevent "digital dollarization." However, officials, including Central Bank Governor Lagarde, strongly opposed this, arguing that stablecoins would destabilize bank deposits, increase banks' funding costs, weaken lending capacity, and interfere with interest rate control. While some finance ministers hold differing views on the proposal, some central bank officials have questioned the idea of making the ECB the "lender of last resort" for stablecoin issuers. Currently, the EU imposes strict regulations on stablecoins under the MiCAR framework, while the US GENIUS Act, expected to pass in 2025, applies more lenient rules. At present, euro stablecoins account for only 0.3% of the total global stablecoin supply, while Europe is advancing the digital euro project to enhance its payment sovereignty. #FedHikesBackOnTheTable

 The crypto sentiment platform Santiment reported that Bitcoin ETF funds have seen outflows in 9 of the past 10 days, indicating that retail investors seem to have lost patience after $BTC failed to surpass the $80,000 mark. Santiment analysts believe this reflects retail investor capitulation rather than a bearish outlook, as ETFs reflect retail investor confidence more than the positions of professional funds. Historically, continuous sell-offs by retail investors through ETFs often coincide with phases of partial accumulation by long-term holders. Furthermore, although the $ETH ETF has experienced outflows since mid-May, the scale is much smaller than social media commentary suggests, and in fact turned into net inflows on the most recent trading day. Overall trading volume of Ethereum ETFs has declined since the peak in early February, indicating the market is gradually cooling off rather than undergoing a sell-off. The research team notes that this resembles the market entering a hibernation phase rather than a panic sell-off as some commentators describe.

Uniswap founder Hayden Adams stated that the Uniswap protocol fee mechanism is currently active on nine blockchains and is designed to burn UNI. The Uniswap Foundation has initiated a new proposal to expand the V2 and V3 protocol fee mechanism to BNB Chain, Polygon, and Celo. This move will continue to increase the amount of UNI burned, reducing the total supply of $UNI #OKXPizzaDay #TradeAIStocksOnOKX