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BlockBeats News, May 13th, Ronin announced that it has completed its migration to the Ethereum ecosystem, officially becoming an Ethereum Layer2 network built on the OP Stack. Ronin stated that it has retained RON as the Gas token, and the entire process had minimal downtime. Ronin also announced a significant adjustment to the RON tokenomics. The annual token release of RON has been reduced from the previous 45 million to 5 million, a decrease of about 9 times, resulting in the current annual inflation rate of approximately 1.2%. Any future additional token rewards will be directly allocated to ecosystem builders through a new "Proof of Allocation" mechanism. Furthermore, the Ronin Treasury has added three new sources of revenue, including the remaining 90 million RON staking rewards, Sequencer net profits, and a 1.25% fee income from the Ronin Marketplace (previously 0.5%). Ronin stated that this migration not only signifies access to Ethereum security and liquidity but also reconnects its Web3 gaming ecosystem and millions of chain game users to the Ethereum ecosystem.

BlockBeats news, on May 13, according to Coinbob Hot Address Monitoring, over the past week, while BTC remained relatively stable, HYPE has continuously pulled back from its peak, dropping 10.7% week-over-week and falling to around the $40 mark today. The largest short position holder in HYPE on Hyperliquid, "Loracle", has continued to benefit from this decline, with unrealized profits expanding to $2.07 million and daily profit reaching $1.28 million. Currently, Loracle is shorting 1.2432 million HYPE tokens at 5x leverage, with a value of approximately $49.92 million, at an average price of $41.8. After increasing the position on May 10, the opening was completed. Additionally, the largest long position holder, who the market once suspected to be a whale involved in the "HYPE listing insider" issue, still holds HYPE longs. Currently, they are long 1.38 million tokens at 5x leverage, valued at approximately $55.4 million, with an average price of $38.67 and a liquidation price of $36.29. Address: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae Address: 0x082e843a431aef031264dc232693dd710aedca88

Glonghui, May 13｜EchoStar Communications (SATS.US) rose 5.5% in pre-market trading to $136.5. According to reports, the U.S. Federal Communications Commission (FCC) has approved EchoStar Communications' $40 billion deal to sell wireless spectrum to SpaceX and an exchange, believing that this move will enhance network connectivity across the United States. Specifically, EchoStar Communications will sell approximately 50 MHz of nationwide spectrum to an exchange for $23 billion to be used in its 5G network construction. Additionally, EchoStar will sell 65 MHz of spectrum to SpaceX for $17 billion to enhance Starlink's next-generation device-to-device communication services.