Critical Market Information Discrepancy on May 20th - A Must-Read! | Alpha Morning Report
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2.US Senate Passes Procedural Motion, GENIUS Stablecoin Bill Enters Formal Deliberation Stage
4.Jupiter Announces Aggregation of Time-Token Platform time.fun Transactions
Articles & Threads
The core function of a liquidity provider is to offer liquidity across multiple trading venues to ensure sufficient market depth. Its profit model mainly relies on the bid-ask spread. Unlike traditional financial markets, in the cryptocurrency market, liquidity providers often acquire a significant amount of tokens through option agreements, thereby holding a sizable proportion of the circulating supply, which gives them the potential ability to manipulate prices.
2. "$COIN Joins the S&P 500, but Coinbase Is Not Exactly Thrilled"
On May 13, S&P Dow Jones Indices announced that Coinbase will officially replace Discover Financial Services in the S&P 500 on May 19. While companies like Block and MicroStrategy, which are closely tied to Bitcoin, were previously included in the S&P 500, Coinbase is the first exchange whose primary business is cryptocurrency to join the index. This also signifies that cryptocurrency is gradually moving from the fringe industry to the mainstream in the United States.
Market Data
Daily Market Overall Funding Heatmap (as reflected by the funding rate) and Token Unlocks
Data Source: Coinglass, TokenUnlocks
Funding Rate

Token Unlocks

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