24H Hot Tokens & Headlines｜Strategy may sell Bitcoin under specific circumstances; Goldman Sachs survey expects Hormuz Strait shipping disruptions to persist into H2 (May 11)

1. Popular Tokens on CEX

CEX Trading Volume Top 10 and 24h Change:

1. BNB: +2.35%
2. BTC: +1.92%
3. ETH: +2.10%
4. SUI: +23.98%
5. SOL: +3.19%
6. XRP: +3.60%
7. DOGE: +2.47%
8. PEPE: +4.24%
9. ADA: +3.89%
10. SEI: +7.52%

24h Gainers List (Data source: OKX):

1. NAVX: +38.79%
2. LAYER: +28.11%
3. SUI: +23.96%
4. VELO: +16.17%
5. ENS: +9.60%
6. SNT: +9.09%
7. QTUM: +8.55%
8. SEI: +8.15%
9. SONIC: +8.15%
10. W: +8.02%

24h Crypto-Equity Gainers List (Data source: msx.com):

1. SOXS.M: 11.94%
2. VVPR.M: 11.23%
3. ETHD.M: 10.64%
4. ICG.M: 10.46%
5. CONI.M: 8.54%
6. ZSL.M: 8.47%
7. MSTZ.M: 7.61%
8. YANG.M: 7.42%
9. NVDQ.M: 7.09%
10. SBIT.M: 6.4%

2. Trending Meme Tokens On-Chain Top 5 (Data source: GMGN):

• MOMMATROLL
• 4
• TRETARD
• up
• SACKS

Headlines

Strategy CEO: Will Only Sell Bitcoin in Specific Cases Like Dividend Payments or Tax Optimization

Strategy CEO Phong Le stated that the company will only sell Bitcoin in specific circumstances, such as paying the 11.5% dividend on STRC preferred shares and conducting tax optimization arrangements, and will only sell BTC when such operations are accretive to common shareholders. To date, Strategy holds 818,334 BTC, valued at over $66 billion. (Cointelegraph)

Goldman Sachs Survey: Investors Expect Strait of Hormuz Shipping Disruptions to Continue into H2

A Goldman Sachs survey shows investors broadly expect disruptions to shipping through the Strait of Hormuz to persist into the second half of the year, following a period of intermittent skirmishes between Iranian and US vessels near the Strait. (Jin Shi)

Trump: Iran's Response is Completely Unacceptable

Trump posted on social media stating he had read Iran's response, calling it "completely unacceptable."

Industry News

Qatari LNG Carrier Transits Strait of Hormuz for First Time in ~70 Days

Shipping tracking data shows a Qatari liquefied natural gas (LNG) carrier successfully passed through the Strait of Hormuz into the Gulf of Oman, the first Qatari LNG vessel to transit the strait in about 70 days since the US and Israel launched military operations against Iran. The vessel used a new shipping channel recently opened by Iran and had stopped transmitting location signals for an extended period while passing through the strait. (Xinhua)

Iranian Military: Countries Sanctioning Iran Will "Face Difficulties" Transiting Strait of Hormuz

An Iranian military spokesperson stated that countries following the US in imposing sanctions on Iran will face difficulties when transiting the Strait of Hormuz. The spokesperson claimed that the Iranian armed forces have "successfully taken control of the battlefield" and can continue military operations, calling talk of "blockading Iran" a propaganda tool. (Xinhua)

CFTC and SEC Intensify Collaboration on Prediction Market Oversight, Potentially Expanding Enforcement Scope

According to a FOX reporter, the CFTC and SEC are currently strengthening collaboration on the regulatory boundaries of prediction markets and have maintained a unified stance in recent investigations into abnormal trades related to the Iran conflict. When a prediction contract could legally be deemed a "security," the SEC will also become deeply involved. Regulators may pursue more enforcement actions against prediction markets in the future.

Intel Shares Surge 15%, Hitting All-Time High

Apple and Intel have reached a preliminary agreement for Intel to manufacture some chips for Apple devices. Last year, the Trump administration converted nearly $9 billion in federal grants into Intel equity, taking a 10% stake, which facilitated Apple's participation in negotiations. With Apple joining, Intel has now established partnerships with all three companies: Apple, Tesla, and NVIDIA. (Jin Shi)

Analysis: Bitcoin Bounce Not Confirming Bull Market; On-Chain Structure Still Lacks Bottom Signal

Crypto analyst Axel Adler Jr stated that while Bitcoin has bounced back after falling from around $125,000 to $60,000, the current price action is still a "post-decline recovery" and has not confirmed the start of a new bull market. Multiple on-chain metrics have not entered historical bear market bottom zones. On the macro level, Brent crude is near $100, US bond yields remain high, and the market's expectation for a Fed rate cut has shifted to "higher-for-longer," meaning overall financial conditions remain tight.

Project Updates

Trump Media Q1 Net Loss $406M, Impacted by Unrealized Losses on Crypto Assets

Trump Media & Technology Group (TMTG) reported Q1 earnings with a net loss of $405.9 million on revenue of just $871,200. The widened loss was primarily driven by unrealized losses on crypto assets. The company currently holds 9,542 BTC (approx. $767 million) and 756.1 million CRO, and holds covered call options on 4,000 BTC to hedge volatility risks.

BAYC Rebound Leads NFT Recovery; Bored Ape Floor Price Doubles in a Month, Sparking Market Revival Expectations

Bored Ape Yacht Club (BAYC) floor price has risen from ~5 ETH to 10 ETH over the past month, accompanied by a notable increase in trading volume for its ecosystem token ApeCoin. Yuga Labs' new CEO stated that blue-chip NFTs had been "oversold," and the current rise is a valuation correction. The number of genuine NFT holders has not doubled simultaneously. (CoinDesk)

BSC Ecosystem Meme Coins Rise; "Binance Life" Market Cap Surpasses $460M

According to GMGN data, Meme coins on the BSC ecosystem saw broad gains: "Binance Life" market cap reported at $465 million, up 22.78% in 24h; "I'm Here, Damn It" market cap reported at $11.7 million, up 13.8%; "4" market cap reported at $14.04 million, up 13.01%. Odaily reminds users that Meme coin prices are highly volatile; please participate with caution.

Funding & Investments

Canton Network Developer Seeks $300M Funding at ~$2B Valuation

Canton Network developer Digital Asset is raising approximately $300 million at a valuation of around $2 billion, led by a16z crypto. Expected to close in the coming weeks, it would be the company's largest funding round to date. Canton Network has attracted institutional participants including Visa, Goldman Sachs, and DTCC, positioning itself as a privacy-configurable public chain for institutions. The network has processed or issued over $6 trillion in tokenized assets.

Balcony Completes $12.7M Seed Round Led by Blockchange Ventures

Balcony, a Real World Asset (RWA) infrastructure built on the Avalanche blockchain, completed a $12.7 million seed funding round led by Blockchange Ventures. The new capital will be used to deploy a platform for on-chain real estate transactions and asset settlement services in the US market, integrating fragmented property records into a tamper-proof digital registry.

Multi Investment Raises CHF 480M, to Increase Focus on Blockchain & Web3 Investments

Swiss investment firm Multi Investment completed a financing of CHF 480 million (~$616 million), bringing its assets under management to over CHF 3 billion. The firm will focus on high-growth sectors including fintech, deep tech, blockchain, and Web3, and plans to increase its investment allocation to these areas by Q3 2026.

Enterprise-Native AI Platform Pit Raises $16M Led by a16z

Enterprise-native AI platform Pit completed a $16 million funding round led by a16z, with participation from Lakestar and executives from companies including OpenAI, Anthropic, Google, Deel, and Revolut. Pit positions itself as an "AI product team as a service," aiming to replace traditional spreadsheets and rigid SaaS systems.

Voices

CZ: Faced Lobbying Opposition from US Competitors During Clemency Request

CZ revealed on the Crypto Banter podcast that during his clemency request process, he faced significant lobbying opposition from some US cryptocurrency CEX competitors, stating, "Other US crypto CEXs did not want me to be pardoned." He indicated these competitors lobbied against him through official US processes.

Fed's Goolsbee: Fed Should Always Consider All Options

Fed's Goolsbee stated that the Federal Reserve should always consider all options, noting that inflation is performing poorly with an unfavorable trend. He highlighted services inflation as the most concerning issue, adding that inflationary pressures are not solely from energy. He also noted there is currently little evidence that the labor market is deteriorating, describing the jobs report as looking "fairly stable." (Jin Shi)