1. Popular currencies on CEX
CEX top 10 trading volume and 24-hour rise and fall:
BTC: +0.93%
ETH: -0.42%
SOL: +2.30%
SUI: +15.06%
XRP: + 0.15%
TRUMP: -3.29%
INIT: + 274.35%
DOGE: +4.46%
PEPE: +2.18%
ADA: +4.29%
24 H increase list (data source: OKX):
FLM: +42.45%
CETUS: + 38.50%
AIDOGE: +25.86%
EGLD: +23.81%
MERL: +23.71%
KDA: +21.31%
DEP: + 20.13%
PENGU: +19.23%
NAVX: +19.08%
PERP: +17.86%
2. Top 5 popular memes on the chain (data source: GMGN ):
NOBODY
DPCORE
TRENCHER
SPEC
CORTEX
3. 24-hour hot search currencies
DPCORE is positioned as the next-generation Web3 AI proxy platform. It adopts MCP and A2A architecture, allowing users to package tools and data into MCP services for use by AI models. It focuses on the concept of AI as chain rather than simply AI+chain, and aims to reshape the Web3 AI infrastructure.
Headlines
Binance Alpha has launched a points system to assess TGE and airdrop participation qualifications
Binance Alpha has launched a points system. Currently, you can search for Alpha Points within Binance to view the relevant page. The page information shows that Binance Alpha Points is a scoring system used to evaluate users activity in the Binance Alpha and Binance Wallet ecosystems, and determine whether you are eligible to participate in activities such as the Token Generation Event (TGE) and Alpha token airdrops.
It is reported that Binance Alpha Points are calculated daily based on the sum of your asset balance and Alpha token purchases on the Binance exchange and Binance keyless wallet addresses. Please note that selling Alpha tokens will not contribute to Alpha Points at present. Alpha Points are the daily cumulative sum of points combined with balance points and trading volume points in the past 15 days.
Binance will provide special accounts for digital asset managers, allowing them to pool investors assets and make the crypto fund management business more like a traditional financial experience. Binance said on Wednesday that this comprehensive fund account introduces the concept of universal net asset value (NAV) per unit used by buy-side companies, provides clear and traceable profit and loss information for each fund, and solves the lack of common market standards in the field of crypto asset management. Qualified asset managers need to obtain licenses in their respective jurisdictions, and they can create multiple fund accounts and deploy different trading strategies for each fund.
Industry News
El Salvador added 1 Bitcoin, and the total holdings now reach 6157.18
According to data from the El Salvador Ministry of Finance website, El Salvador increased its holdings by 1 bitcoin 6 hours ago, and its total holdings currently stand at 6,157.18, with a total value of approximately US$577 million.
CME Group to Launch XRP Futures
According to market news: CME will launch Ripple futures to expand its cryptocurrency derivatives product portfolio. It is reported that XRP futures are scheduled to be launched on May 19 and currently need to wait for regulatory approval, including micro contracts (2500 XRP) and large contracts (50,000 XRP).
FBI: Americans lost $9.3 billion to cryptocurrency scams last year
A report from the Internet Crime Complaint Center (IC3) of the Federal Bureau of Investigation (FBI) shows that in 2024, the United States suffered losses of $9.3 billion due to cryptocurrency-related crimes. This loss increased by 66% from 2023, highlighting the increasing use of digital assets in online fraud. IC3s annual report shows that nearly 150,000 complaints are related to cryptocurrencies, among which investment scams are the most common. Scammers usually pretend to offer high returns on fake cryptocurrency platforms, lure victims to transfer funds, and then steal them.
Glassnode: Long-term investors have increased their holdings by 635,000 BTC since January
According to Glassnode data, as the price of Bitcoin rebounded above $90,000, long-term holders (LTHs) showed strong conviction, with the increase in holdings exceeding the sales of short-term holders. Since January this year, long-term investors have increased their holdings by 635,340 Bitcoins, bringing the total holdings to 13,755,722. Despite the rebound in Bitcoin prices, 2.6 million Bitcoins are still in a loss, reflecting the continued resistance faced by investors who bought above $95,000. Data shows that for every 1 Bitcoin sold by short-term holders, long-term holders increase their holdings by 1.38. It is reported that long-term holders usually increase their holdings when the market is weak and sell when the market is strong.
Project News
DePIN project Helium announced that it has signed a commercial agreement with telecommunications company ATT to connect its community-built Wi-Fi network to ATT user networks. Mario Di Dio, general manager of the Helium network, said that ATT users will be automatically connected to the Helium network when they are close to a hotspot. Hotspot device deployers will not receive direct payments from ATT, but will continue to earn HNT tokens through a usage-based reward system. Di Dio said that ATTs partnership with Helium highlights the real-world utility of cryptocurrency.
Raydium posts hint at possible airdrops for LaunchLab users
Raydium released airdrop-related emoji content on the X platform, possibly hinting at airdrops for LaunchLab users.
Ether.fi Transforms into a New Cryptocurrency Bank and Plans to Launch Staking Services for US Users
Ethereum re-staking protocol Ether.fi announced its transformation into a crypto neobank and plans to launch cash cards and staking services to US users. Its new application will integrate traditional financial functions with crypto asset management, supporting users in consumption, savings, bill payments, and salary payments, while providing ETH re-staking income. Ether.fis current total locked volume (TVL) is close to 2.7 million ETH (about US$4.4 billion), one of the historical highs.
Initia announces mainnet launch and opens airdrop claims
Initia announced that the mainnet has been launched and the Initia (INIT) airdrop is open for claiming, which will last for 30 days.
The total supply of Initias native token INIT is fixed at 1 billion, of which 5% is used for airdrops. In addition, the foundation accounts for 7.75%, the protocol developers account for 15%, the protocol sales account for 15.25%, and for the initial CEX liquidity bootstrap, 6% of the total supply is allocated to the Binance listing event.
Investment and Financing
Web3 Confidentiality Agreement Inco Completes $5 Million Strategic Financing, Led by a16z Crypto CSX
Web3 confidentiality protocol Inco announced the completion of a $5 million strategic financing, led by a16z crypto CSX, with participation from Coinbase Ventures, 1kx, Orange DAO, South Park Commons and Script Capital, to advance solutions to blockchain confidentiality issues.
Catalysis Completes $1.25 Million Pre-Seed Funding, Led by Hashed Emergent
Web3 infrastructure startup Catalysis announced the completion of a $1.25 million Pre-Seed financing, led by Hashed Emergent, with participation from Presto Labs, Spaceship DAO, Funfair Ventures, Cosmostation and Crypto Times. It is reported that the funds will be used to develop the first security abstraction layer designed specifically for re-pledge protocols to unify the economic security of multiple re-pledge protocols and simplify the process for developers and node operators to deploy shared security services. The platform has been integrated with re-pledge protocols such as EigenLayer, Symbiotic and Kernel DAO, and plans to launch a public test network in the second quarter of 2025.
Theo has completed a total of US$20 million in financing, led by Hack VC and others
Theo, a quantitative trading startup, announced that it has completed a $20 million financing. In March 2024, it received a $4.5 million seed round led by Manifold Trading, and in April 2025, it received an additional investment of $15.5 million led by Hack VC and Anthos Capital. Other investors include Flowdesk, Selini Capital, and individual investors from institutions such as Citadel and JPMorgan Chase. The company was co-founded by former Optiver traders Abhi Pingle and TK Kwon, and is committed to providing ordinary investors with the strategic returns that originally belonged to high-frequency trading companies.
The second fund of crypto venture capital RockawayX has completed fundraising of US$125 million. It is expected that up to 75% of the funds funds will be used for Solana-based projects. The new fund will support early-stage cryptocurrency startups. Other target areas include decentralized finance (DeFi), infrastructure protocols and decentralized networks.
Securitize launches crypto index fund with $400 million backing
Securitize has launched a new crypto index fund with a $400 million investment from Mantle, called Mantle Index Four (MI 4), which provides exposure to major crypto assets and earns additional returns through DeFi staking strategies. The MI 4 fund aims to invest in top crypto assets, including BTC, ETH, SOL, and USD stablecoins, with the goal of becoming the SP 500 of the cryptocurrency sector.
Regulatory trends
US SEC Delays Decision on Grayscale Spot Polkadot ETF Approval
According to market news: The US SEC has delayed its decision on the approval of Grayscales spot Polkadot ETF.
The U.S. Securities and Exchange Commission issued a memorandum stating that Ondo Finance and representatives of Davis Polk Wardwell LLP met with the U.S. Securities and Exchange Commission (SEC) Crypto Working Group to discuss the compliance path for issuing and selling tokenized U.S. securities. The meeting topics included key issues such as structural models for tokenized securities, registration and broker requirements, market structure regulations, financial crime compliance, and state corporate laws. Ondo Finance proposed seeking a regulatory sandbox or other form of regulatory exemption to advance the issuance of its tokenized asset products. The talks are intended to provide a clear regulatory framework for tokenized securities in the U.S. market.
New Hampshire Bill HB302 on Bitcoin Reserves Passes Senate Committee
New Hampshires bill HB3 02 on Bitcoin reserves passed the Senate committee in a 4-1 vote.
Character Voice
Feds Kashkari: Cryptocurrencies have no use in developed economies
Kashkari of the Federal Reserve said that cryptocurrencies are useless in developed economies, and 15 years have passed without any practical application scenarios. At the same time, it is up to Congress to regulate cryptocurrencies.
Trader Eugene: We are aggressively long and watching whether mainstream altcoins will rise again
Trader Eugene posted on his personal channel: I am now aggressively long, and I will soon know whether I am right or wrong. This consolidation position usually sees violent upward or downward fluctuations in a relatively short period of time. I am also watching whether the mainstream altcoins will re-price and rise by 10%-20%.
Cardano founder Charles Hoskinson questioned the long-term development of Ethereum in an AMA event on Wednesday, saying that although Ethereum has the largest total locked volume (TVL) of all networks, it may not survive in the next 10 to 15 years. The Ethereum co-founder pointed out three major structural flaws: wrong economic model, virtual machine design and consensus mechanism, and criticized the Layer 2 solution for becoming a parasitic system that failed to solve the core expansion problem and instead extracted the value of the main chain.
