1. CEX Popular Cryptocurrencies
CEX Top 10 Trading Volume and 24-Hour Price Changes:
BNB: 0.35%
BTC: -1.62%
ETH: -1.98%
Doge: -4.06%
SOL: -1.40%
PEPE: -5.10%
TRUMP: -6.58%
XRP: 4.44%
SUI: -3.80%
LTC: 1.74%
PNUT: -6.17%
24H Top Gainers (Data Source: OKX):
GODS: 33.71%
DEGEN: 25.14%
GOG: 17.35%
NEIRO: 11.20%
VRA: 9.49%
MOODENG: 8.90%
NULS: 3.85%
LAT: 3.17%
PNUT: 3.02%
OKT: 2.17%
2. Top 5 On-Chain Memes (Data Source: GMGN):
PIPE
Fartcoin
POPCAT
TRUMPE
DISTRIBUTE
3. 24H Hot Search Cryptocurrency
IKUN: IKUN is a meme coin on the Solana chain, with the token name "IKUN" originating from the fan group of famous Chinese artist Cai Xukun called "iKun", drawing inspiration from fan culture and internet memes like "little black kid". The IKUN token contract address is AtortPA9SVbkKmdzu5zg4jxgkR4howvPshorA9jYbonk. The token is primarily community-driven with significant price volatility, and DYOR is recommended. Influenced by market heat, its market cap has reached approximately $10.88 million. (As of May 13, 2025).
[The rest of the translation follows the same professional and accurate approach]The Northern Mariana Islands Senate overturned the governor's veto of the stablecoin bill with a 7-1 vote, potentially giving the island a second chance to launch a stablecoin. The bill allows local government to issue a "Marianas USD (MUSD)" stablecoin pegged 1:1 to the US dollar. If the 20-member House overturns the veto with a two-thirds majority, this Pacific island with only 2,000 residents could become the first US jurisdiction to issue an official stablecoin, ahead of Wyoming (planned for July). Democratic Senator Celina Babauta opposed the bill due to "lack of enforcement resources," but Republican proposer Jude Hofschneider emphasized that blockchain technology can enhance industry transparency. Technical partner Marianas Rai revealed that MUSD will be developed on the eCash chain, with reserves in cash and US Treasury bonds.
According to market news: Dubai has signed a milestone agreement with Crypto.com, set to become one of the first governments globally to fully implement crypto payment for public services.
Industry News
BlackRock applies for physical redemption for its Ethereum fund
BlackRock has applied for physical redemption for its Ethereum fund, allowing direct repurchase of ETH.
Bank for International Settlements: Speculative activities dominate crypto cross-border transactions
According to the latest report by the Bank for International Settlements (BIS), of approximately $600 billion in cross-border cryptocurrency transactions, the vast majority is driven by speculative activities rather than actual payment purposes. The report noted that these transactions are mainly concentrated on exchanges between stablecoins and other crypto assets, reflecting market participants' sensitivity to price fluctuations. Researchers used on-chain transaction data to categorize cross-border transfers of stablecoins and other crypto assets, revealing that most transactions are asset exchanges, particularly focused on exchanges involving stablecoins like Tether (USDT) and USD Coin (USDC).
BIS warns that while crypto assets have potential in cross-border payments, the current usage patterns show high speculation that may pose financial stability risks.
Market expects Fed to cut rates by 56 basis points by December
Federal funds futures indicate that the market expects the Federal Reserve to cut rates by 56 basis points by December, down from approximately 75 basis points expected last Friday.
Bitcoin mining firms American Bitcoin and Gryphon sign merger agreement, plan to go public
Bitcoin mining firm American Bitcoin announced signing a formal merger agreement with Gryphon Digital Mining, with plans to go public.
Amber International launches $100 million crypto ecosystem reserve program
Amber International (NASDAQ: AMBR) announced the launch of a $100 million crypto ecosystem reserve program aimed at accelerating institutional adoption of digital assets. The strategy will be supported by an AI-driven management mechanism, initially covering mainstream tokens like BTC, ETH, BNB, SOL, SUI, XRP, and maintaining flexibility to invest in stablecoins like USD 1. The company has initiated its first deployment through investment in DeFi Development Corp. and establishing a BNB fund.
(Translation continues in the same manner for the rest of the text)Layer 0 blockchain infrastructure platform Openverse Network announces the completion of a $11 million strategic round of financing, with Castrum Capital, TB Ventures, DuckDAO, and Asva Capital participating. The new funds are intended to accelerate ecosystem development globally, including ecosystem construction and encouraging more developers and partners to join and build a more open and interconnected value network.
Blockchain cloud computing company Nirvana Labs has completed a $6 million seed extension round, jointly led by Jump Crypto and Crucible Capital, with RW 3 Ventures, Castle Island, and Hash 3 VC participating, bringing its total financing to $11.8 million. The company provides computing services tailored specifically for the crypto field. Unlike traditional cloud service providers that centralize computing resources, Nirvana uses bare-metal infrastructure, with each server serving only one client. Nirvana has already served infrastructure providers like BitGo and Fireblocks, as well as protocol foundations such as Avalanche and Berachain. Nirvana also plans to serve as a front-end service to help organizations deploy on the internet filtering startup DoubleZero.
The Blockchain Group completes over €22 million financing to accelerate Bitcoin capital strategy
European listed company The Blockchain Group (ALTBG) completed two rounds of financing totaling over €22 million within a week. On May 9th, it raised €9.9 million through equity financing at a price 61.7% premium to the 20-day average, with investors including Tobam, Generali Ambition Solidaire, Jean-Marie Formigé, Quadrille Capital, EFG Bank, and VP Bank. On May 12th, it issued €12.1 million in Bitcoin-denominated convertible bonds through its Luxembourg subsidiary, fully subscribed by Blockstream CEO Adam Back, at a price 30% premium to the first conversion price. The funds will be used to strengthen Bitcoin holdings and develop data intelligence and AI subsidiaries. As a core member of "Bitcoin For Corporates", the company explores capital structure innovations centered on Bitcoin, including Bitcoin-denominated bonds and hard asset reserve strategies.
Voices
1confirmation Founder: Ethereum Dominates RWA Ecosystem with Over 80% Market Share
1confirmation founder Nick Tomaino posted on X platform that Ethereum dominates the Real World Assets (RWA) ecosystem, with a market share of 81.6%, emphasizing the critical importance of credible neutrality.
DeFi Report founder Michael Nadeau discussed ETH's market performance on X, noting: 1. ETH's open interest grew by 40% in recent days, indicating a large number of leveraged long positions; 2. ETH's spot trading volume jumped from $4-6 billion to $15-18 billion daily, signifying real capital inflow; 3. Funding rates rose from 0.005% to 0.03%; 4. ETH short liquidations exceeded $85 million in recent days. In summary, ETH is showing signs of "real capital inflow, long position increase, and short squeeze", with these three factors jointly driving the rise.
Matrixport's chart today suggests that with the Pectra upgrade continuing, Vitalik is guiding Ethereum towards a Bitcoin-like concise architecture. His protocol simplification concept, combined with multiple far-reaching improvement proposals, is a key factor in ETH's surge of over 60%. However, there are more variables worth noting behind ETH's strong performance. On May 3rd, 2025, Vitalik proposed an Ethereum Layer 1 simplification vision focused on "clarity" and "safety". EIP-4850 introduced a revenue-sharing mechanism with Layer 2 solutions, enabling Ethereum to continuously capture value from L2 activities; EIP-7691 aims to reduce L2 fees by expanding data block capacity, improving operational efficiency, and driving more on-chain transactions back to the mainnet. Ethereum's liquidation scale recently surged to $221 million, a rare phenomenon - such large liquidations typically occur during market downturns, not price increases.
Federal Reserve Governor Supports Maintaining Current Restrictive Interest Rate Levels
Federal Reserve Governor supports maintaining interest rates at the current restrictive level, stating that the Federal Reserve is well-positioned to respond to changes in macroeconomic prospects and is closely monitoring trade policy changes and their impact on productivity and economic outlook.
Bitfinex Report: Bitcoin Bull Market Returns
Bitfinex's latest report indicates that Bitcoin has returned to the $100,000 mark for the first time in over three months, showing new strength, after previously falling 32% from its January historical high. Driven by macro-positive factors such as easing trade tensions and a dovish Federal Reserve stance, Bitcoin's breakthrough aligns with a broader risk appetite shift and outperforms stocks. Importantly, the momentum of continuous capital inflow into Bitcoin seems to persist, reflected in Bitcoin's actual market value reaching a historical high in the past two weeks, with ETF inflows exceeding $920 million. On-chain data confirms a significant decrease in Bitcoin held at a loss, with over 3 million Bitcoins realizing profits. Coupled with rising spot trading volume and institutional-led ETF capital inflows, Bitcoin now stands on a structural foundation. As long as the macro environment remains supportive, short-term declines are likely to be quickly absorbed, strengthening the upward trend and positioning BTC favorably to potentially set new highs.
Citi: Global Short-Term Bond Yield Surge May Slow
Citi's rate strategy researchers suggest in a report that the previous surge in global short-term bond yields may be losing momentum and could see a brief pause in the short term. Factors unfavorable to the bond market remain, including the first trade agreement between the US and UK, voting differences at the recent Bank of England meeting, and the Federal Reserve's wait-and-see stance. Additionally, US-China trade negotiations have made substantial progress.
