1. Popular currencies on CEX
CEX top 10 trading volume and 24-hour rise and fall:
BNB: -1.27%
BTC: -0.06%
ETH: -1.43%
DOGE: -2.38%
SOL: -0.60%
SXT: 141.67%
PEPE: 11.62%
SUI: -0.23%
PNUT : 31.31%
XNO: -1.43%
TRUMP: -2.38%
24 H increase list (data source: OKX):
MOODENG: 34.87%
GOAT: 25.32%
NULS: 20.54%
VINE: 17.68%
ULTI: 16: 08%
SAMO: 15.96%
WIF: 15.48%
BADGER: 13.60%
AIXBT: 10.94%
PIXEL: 9.73%
2. Top 5 popular memes on the chain (data source: GMGN ):
PIPE
NFTLX
POPCAT
Fartcoin
SEXCOIN
3. 24-hour hot search currencies
MOODENG: MOODENG is a Solana-based meme token inspired by Moo Deng, a mini hippopotamus from the Khao Yai Open Zoo in Thailand, which quickly became popular online for its cute image. After launching in September 2024, MOODENG has attracted more than 109,000 followers through its community-driven nature, actively interacting and sharing meme-related art content through social media (such as @MooDengSOL on the X platform ). MOODENG is not only an entertainment-oriented meme coin, but also promises to donate part of the fees to the Khao Yai Zoo to support animal protection. Affected by the market heat, its market value has reached approximately US$269 million. (As of May 12, 2025).
Headlines
Trump: I had a pleasant meeting with China today and reached many consensuses
Trump said on his social platform, Today, a very pleasant meeting was held with China in Switzerland. The two sides discussed many issues and reached many consensuses. The two sides negotiated on a comprehensive restart of bilateral relations in a friendly and constructive manner. The United States hopes to see China open to American companies, which is in the common interests of both China and the United States. Great progress has been made.
The Chairman of the U.S. SEC will deliver a keynote speech on asset tokenization on the 12th
According to official news, U.S. SEC Chairman Paul Atkins will deliver a keynote speech on asset tokenization on the 12th.
On the same day, the U.S. SEC will hold a roundtable meeting with the theme of Tokenization: Moving Assets Onchain: Where TradFi and DeFi Meet.
Participants from the U.S. Securities and Exchange Commission included: Chairman Paul S. Atkins, Director of the Crypto Working Group Office Richard B. Gabbert, Commissioner Hester Peirce, etc.
Other attendees included: Cynthia Lo Bessette (Fidelity), Eun Ah Choi (Nasdaq), Will Geyer (Invesco), etc.
The topic What happened to Ethereum after a 40% surge in 3 days topped the Douyin hot list
The topic 40% surge in 3 days, what happened to Ethereum topped the Douyin hot list. OKX market data shows that the current ETH has reached 2522.46 USDT, with a 24-hour increase of 2.1%.
Defillama founder 0x ngmi posted on the X platform that hackers managed to hack into an address in the Lido oracle multi-signature and exposed their whereabouts after stealing 1.4 ETH. 0x ngmi added that it might be worth putting some simple tokens in a multi-signature wallet to act as a canary and sound an alarm when the wallet is compromised.
According to previous news, Lido DAO launched an emergency proposal to replace the oracle node that was suspected of leaking private keys.
Analysis: Copycat season may have arrived, but this time is different
Analyst 2 Lambroz believes that the peak season for altcoins may have arrived, but he said that the market dynamics have changed. People want to buy, but lack confidence in any strong narrative. He pointed out that unlike 2021, there are no signs of retail investors entering the market. Traders are turning over funds faster and have little incentive to hold long-term positions.
Technical trader Moustache is more optimistic. He shared a chart showing that altcoins have repeatedly gone through accumulation phases, followed by explosive growth. According to his analysis, the current structure is similar to that of 2016 and 2020. The 2025 altcoin season has officially begun.
Yet skeptics remain. Commentator Rekt Fencer noted that most altcoins are down 90% since December. This week’s modest 10% rebound has sparked excessive optimism, prompting him to scoff at the rally. “This is the golden age of altcoins we’ve been waiting for.”
Regulatory trends
Former UFC champion Conor McGregor recently proposed a plan to create a national Bitcoin reserve during his Irish presidential campaign, claiming that this move would return power to the people. He said he would elaborate on the strategic concept in the upcoming X Spaces and invited Bitcoin community leaders to discuss the details, including Anthony Pompliano, host of The Pomp Podcast, and Trumps encryption advisor David Bailey.
McGregor announced his candidacy as an independent candidate in late March 2025, focusing on anti-immigration and anti-crime issues. If he wins, Ireland will join the United States, El Salvador and Bhutan in establishing national Bitcoin reserves.
However, McGregor has also been controversial recently for being convicted in a civil sexual assault case (which has been appealed) and being involved in a hate speech investigation. In addition, the pre-sale of the REAL token project he supported failed, raising only $390,000, less than the minimum threshold of $1 million, and all investors have been fully refunded.
South Korea’s central bank seeks early involvement in approval process for won-backed stablecoin
The Bank of Korea stressed that if a stablecoin backed by the Korean won is launched, the central bank should be involved from the initial approval stage. Ko Kyeong-cheol, head of the electronic finance team of the Bank of Korea, stressed at a recent financial law conference that stablecoins could have a significant impact on the central banks ability to implement policies related to monetary policy, financial stability, and payment settlement. He stressed that the Bank of Korea should play a role in the approval process to minimize the possible negative impact of digital assets on the central banks policy goals.
Industry News
Michael Saylor releases Bitcoin Tracker information again, may disclose increased holdings
Michael Saylor, founder of Strategy, once again released information related to Bitcoin Tracker, saying: “Connect the dots.” According to previous rules, Strategy always discloses information about increasing its holdings of Bitcoin the day after the relevant news is released.
SlowMist Cosine said on the X platform that a cryptocurrency user had his assets stolen when he visited the ChangeNOW exchange using the Chrome browser because he clicked on a phishing website that was automatically recommended by the browser. The phishing website used Punycode technology to forge a domain name (the letter e was abnormal), and the user lost more than $20,000 after mistaking it.
Forbes published a column pointing out that although Meme coins are controversial due to their high volatility and speculation, these controversies may help the crypto market develop in a healthier and more sustainable direction. The article pointed out that the popularity of Meme coins has triggered extensive discussions on the value and regulation of crypto assets, prompting investors and regulators to pay more attention to the fundamentals and transparency of projects. In addition, the rise of Meme coins has also promoted the crypto communitys emphasis on education and risk management, helping to improve the maturity of the entire market.
Although the speculative nature of meme coins may lead to short-term market volatility, in the long run, these challenges may prompt market participants to be more cautious, push policy circles to have more serious discussions on crypto assets, and prompt the crypto industry to develop to higher standards.
CryptoQuant CEO: There may be dark stablecoins in the future
Ki Young Ju, founder and CEO of CryptoQuant, wrote on the X platform that dark stablecoins are likely to appear in the future. Stablecoins act as a bridge between the Internet and the real world, so someone needs to manage them. So far, companies such as Tether and Circle have achieved this by depositing cash reserves in banks. In addition to combating money laundering, governments have not really intervened in stablecoins, which has led to them being used as a safe place to store assets by various groups, including miners.
But this is changing. Stablecoins may face strict government regulation, just like traditional banks. Those who use stablecoins for large international transfers may start looking for dark stablecoins that can resist censorship. There are two ways to create dark stablecoins:
1. Algorithmic stablecoins that are not controlled by the government.
2. Stablecoins issued by countries that do not censor financial transactions.
USDT itself was once considered a censorship-resistant stablecoin. If Tether chooses not to comply with U.S. government regulations under a future Trump administration, it may become a dark stablecoin in an increasingly scrutinized Internet economy.
Project News
sns.sol opens SNS token airdrop allocation query
sns.sol posted on the X platform that the SNS airdrop will start on May 13. Currently, the SNS token airdrop allocation query is open. Users will have 90 days to claim the token allocation. Only eligible wallets can claim the tokens. The claim window will officially close on August 11, and all unclaimed tokens will be returned for ecosystem development.
GMGN co-founder Haze posted on the X platform that, according to user feedback, there was a problem in the DOOD tokens of BSC transactions, which caused users to suffer losses in certain specific trading scenarios. This type of problem is currently being fixed. After the repair, the losses of the relevant users will be counted and full compensation will be made, and the compensation will be directly transferred to the GMGN trading wallet.
Solana co-founder Toly: L1 should not limit application growth model
Solana co-founder Toly wrote that the underlying blockchain protocol (L1) should be flexible enough to allow applications to freely choose business models to achieve growth. He pointed out that even if it is a seemingly bad growth strategy, if L1 restricts it, it will prompt project migration. If L1 hinders application growth, they will leave. Its simple.
BSV investors attempt to reopen 2019 lawsuit against Binance
BSV investors are trying to reopen a lawsuit filed in 2019 over Binances delisting of BSV, which the plaintiffs claim suppressed the price of BSV. The original lawsuit claimed $9 billion, and investors believed that the delisting was the main reason for the long-term decline in BSV prices and lack of investor attention. The lawsuit now requests reconsideration of the relevant claims rejected by the UK Competition Appeal Tribunal in 2024. If successful, the amount of compensation may reach $13 billion.
Sui Network TVL reaches $2.09 billion, a record high
According to DefiLlama data, Sui Network TVL reached US$2.09 billion, a record high. The previous high was US$2.083 billion in January this year.
The network’s TVL has increased by 22.4% in the past week, with the top three protocols being Suilend Protocol, NAVI Protocol, and Cetus.
Brian Armstrong, CEO of Coinbase, said that the company plans to transform into a leading financial services application in the next decade, because cryptocurrencies are eroding financial services, and money market funds, real estate, securities, debt, etc. will all enter the blockchain field. Brian Armstrong emphasized that Coinbase will be committed to achieving this goal by expanding product lines, promoting globalization and strengthening compliance. It is currently expanding diversified services including stablecoin payments, crypto lending, custody services and derivatives trading. Stablecoins have become Coinbases largest revenue driver besides trading. In Q1, stablecoin-related revenue soared 50% from the same period last year and 32% from the fourth quarter.
Character Voice
1coinfirmation founder: ETH scarcity will gradually increase
Nick Tomaino, founder of 1coinfirmation, said in an article on the X platform that Ethereum is the leading platform for applications such as stablecoins, DeFi, NFT, prediction markets, decentralized identities, and decentralized social networking. Many developers and companies such as Coinbase, Blackrock, Fidelity, Stripe, Kraken, Deutsche Bank, Sony, Visa, Polymarket, Uniswap, Aave, and Opensea are thriving in the Ethereum ecosystem. ETH is a credible neutral means of storing value. With the increasing number of applications in the ecosystem, its scarcity has also increased. It is also a capital-generating asset, and its protocol is also constantly evolving.
Cathie Wood: AI is changing the rules of the game, Bitcoin is expected to rise to $1.5 million
According to Bitcoin.com News, Ark Invest CEO Cathie Wood said that the recession is coming to an end and Bitcoins path to $1.5 million remains intact. Artificial intelligence is accelerating productivity and changing the rules of the game for investors.
Trader @bonkboysol responded to the community debate in a post on the X platform, saying that he has recently seen opinions such as Murads list is no longer valid, only Bonk Guys list is important or Ansems list is no longer valid, only Murads list is useful.
He said that Ansem and Murad are both OGs in the memecoin field whom he respects very much and have made great contributions to the development of this field. Please dont put me against anyone. We can win together.
He stressed that it is not recommended for users to blindly follow any KOL’s token list, including his own suggestions. “You can refer to other people’s ideas to build your own trading logic, but if you only trade randomly around a certain ‘protagonist’s’ list, it is bound to bring a lot of pain.”
Bitcoin continued to rise this week. Josh Gilbert, a market analyst at eToro, said that the market has clearly shifted to a more risk-averse tone in the past week. Trade tensions seem to be easing, and Trumps willingness to negotiate will help boost sentiment in risky assets (especially Bitcoin). Rachael Lucas, a cryptocurrency analyst at BTC Markets, believes that psychologically significant round numbers such as $100,000 usually prompt short-term profit-taking, and traders may usher in a period of consolidation after locking in profits.
