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Foresight News reported, citing Le Monde, that several French crypto industry executives recently co-authored an article calling on the government to revise the stablecoin tax framework. Under current French tax law, converting stablecoins to fiat accounts is subject to taxation, resulting in large amounts of crypto funds remaining outside the traditional banking system and causing annual tax losses of 1 billion to 3 billion euros.

BlockBeats News, May 19th, according to Santiment data, the number of whale addresses holding at least 100 BTC has risen to 20,229, an 11.2% increase from the 18,191 addresses in the same period last year. These addresses currently hold an average value of over $7.7 million and are typically associated with whales, large investors, institutions, and high-net-worth long-term holders. Despite Bitcoin's significant volatility over the past year, the number of large addresses has not decreased but has continued to steadily accumulate. Historical data shows that the increase in whale addresses is often seen as a signal that key stakeholders still have confidence in Bitcoin's future value and scarcity. Of particular note is that during periods when retail investors frequently exhibit panic, impatience, or doubt, the growth of 100+ BTC addresses continues.

BlockBeats news, on May 19, according to on-chain analyst Ai Aunt (@ai_9684xtpa), a certain whale shorted HYPE four times in the past day, with a total loss of $747,000, including: · Yesterday, held the position for less than 24 hours, with a final loss of $306,000 · This morning at 6 o'clock, held the position for 29 minutes, lost $73,000 · This morning at 8 o'clock, held the position for 29 minutes, lost $184,000 · Currently holding 224,000 HYPE (approximately $10.63 million), with an unrealized loss of $184,000