24H Hot Tokens & Headlines｜Ondo Founder Passes Away; US-Iran Ceasefire Agreement to Be Extended by 60 Days (May 26)
- Core Insight: The market shows a diverging trend today, with tokens like NEAR and PHA leading gains, while major coins like BTC and ETH experienced slight declines. Industry focus is on the passing of Ondo's founder, Indonesia's ban of Polymarket, Tether's launch of an official stablecoin in Georgia, and Ethereum's transaction count and fees hitting new lows.
- Key Points:
- Among popular tokens on CEXs, major coins like BTC, ETH, and SOL mostly fell, while NEAR and TRX rose. PHA led the gains at 23.98%, and NEAR rose 14.56%.
- Ondo Finance founder Nathan Allman passed away; President Ian De Bode has taken over as CEO, and the company will continue to advance his unfinished vision for financial technology.
- Indonesia has blocked the prediction market platform Polymarket, classifying it as an illegal online gambling platform due to its provision of bets on unresolved events, violating local laws.
- Tether has partnered with the Georgian government to launch the official stablecoin GEL₮, marking one of the first joint projects to digitize a national currency under the country's regulatory framework.
- Ethereum's monthly transaction count exceeded 70 million, hitting an all-time high, while the median transaction fee dropped to a historic low of $0.00554, demonstrating high efficiency and low cost characteristics.
- SlowMist has monitored a cross-platform supply chain attack targeting crypto developers, involving over 34 malicious packages aimed at developers in crypto, DeFi, and the Solana/Sui ecosystems.
- Jihan Wu noted that the issue of solar power overcapacity in Europe is worsening; Bitcoin mining can act as a flexible load, serving as the "last buyer" of electricity, reducing curtailment and improving project returns.
1. CEX Hot Tokens
CEX Top 10 by Trading Volume & 24h Change:
- BTC: -0.50%
- ETH: -0.45%
- SOL: -1.28%
- XRP: -0.75%
- BNB: +0.02%
- ZEC: -3.04%
- NEAR: +14.56%
- TRX: +1.67%
- DOGE: -1.35%
- SUI: +0.11%
24h Top Gainers (Data Source: OKX):
- PHA: +23.98%
- GRASS: +15.49%
- NEAR: +14.56%
- HMSTR: +12.27%
- WLD: +11.11%
- TIA: +11.06%
- EIGEN: +10.75%
- INJ: +10.50%
- RENDER: +9.11%
- TON: +8.50%
24h Top Gainers (Stock Tokens, Data Source: msx.com):
- BB.M: +18.95%
- YSS.M: +2.65%
- VSAT.M: +2.17%
- VELO.M: +2.08%
- USO.M: +1.94%
- AMRK.M: +1.88%
- SATS.M: +1.78%
- QNTM.M: +1.73%
- ORBS.M: +1.62%
- GREE.M: +1.60%
2. On-Chain Hot Memes (Data Source: GMGN):
- Solana: HOPPY, RICH
- BNB: World Cup, Backhand Possum
- Base: DEAL, FreeCode
Headlines
Ondo Founder Nathan Allman Passes Away, President Ian De Bode Takes Over as CEO
Ondo Finance announced that its founder, Nathan Allman, has unfortunately passed away. The statement noted that Nathan Allman's vision, leadership, and technical vision profoundly shaped Ondo's development, and he always believed that technology could build a more open and accessible financial system.
Simultaneously, Ondo announced that Ian De Bode, who has long served as President, will take over as CEO. The statement said Ian has been responsible for the company's strategy, products, and daily operations for over two years and has received full support from the management team. Ondo stated it will continue to advance the unfinished work of Nathan Allman.
US-Iran Ceasefire Agreement Extended by 60 Days, Normal Navigation Resumes in Strait of Hormuz
The ceasefire agreement reached between the US and Iran in early April will be extended by 60 days. Ships from all countries will be able to navigate freely and safely, just as before the Strait was closed. (Jin Shi)
South Korea's KOSPI Index Surpasses 8,100 Points, Renewing All-Time High
According to Gate data, South Korea's KOSPI index surpassed the 8,100-point mark, renewing its all-time high, with a daily increase of 3.24%.
Binance Wallet Launches Event Rush, Supporting Tokenized Trading of Real-World Events
Binance Wallet has launched a new feature, Event Rush, allowing users to trade outcome tokens for real-world events such as sports matches, cryptocurrency price targets, or news headlines. This feature is powered by the 42.space protocol on BNB Chain. Users can purchase event tokens using USDT on BSC and sell them at any time before the event concludes or hold them until settlement. Winners share the entire prize pool with unlimited upside. A service fee is charged for each transaction, and a redemption tax applies when selling.
This feature is open to all verified Binance Wallet users, though availability may be limited in certain restricted regions.
Industry News
Tether: Launches Official Stablecoin GEL₮ in Partnership with Georgian Government
Tether announced a partnership with the Government of Georgia to launch GEL₮, the official stablecoin pegged to the Georgian Lari. This is one of the first joint efforts to put a national currency directly on a digital asset track under a specifically built stablecoin regulatory framework. Georgian Prime Minister Irakli Kobakhidze stated that Georgia, along with partners like Tether, is laying the foundation for a more interconnected, transparent, and digitally empowered financial world. Tether CEO Paolo Ardoino stated that stablecoins are becoming part of global financial infrastructure and that Georgia has already taken the lead in creating a regulatory framework for digital assets and stablecoins.
Hong Kong's Financial Secretary, Paul Chan, published a "Secretary's Essay" stating that leveraging blockchain and AI technologies is an inevitable trend for future financial development, but it also brings tangible governance challenges, such as criminals and terrorists attempting to exploit international regulatory gaps for money laundering and fundraising. Hong Kong's principles, practices, and experience in digital asset development and regulation are ahead of Europe. There is significant potential for cooperation and mutual learning, which can not only promote healthy industry development but also contribute to global governance.
Project News
Hyperliquid Now Supports Official Prediction Markets Based on Off-Chain Events
Hyperliquid announced that it now supports official canonical outcome markets based on off-chain events. According to the announcement, these markets will be published by automated news feed software run by validators as part of their daily on-chain operations. Validators will vote on the deployment and settlement of official prediction markets based on factors such as rule clarity, outcome correctness, and market quality.
Indonesia Blocks Prediction Market Platform Polymarket, Classifies it as Illegal Online Gambling
Indonesia's Ministry of Communication and Digital has recently blocked the prediction market platform Polymarket, classifying it as an online gambling platform because it offers bets and speculation on events with uncertain outcomes, violating local law. Previously, Polymarket had listed a market on when President Prabowo Subianto might leave office, whose term is originally set until 2029. This contract was listed the day after Prabowo announced plans to centralize control over the export of commodities like coal and palm oil, sparking discussions on local social media. Indonesian authorities also stated they are investigating all social media accounts related to Polymarket.
According to on-chain analyst Ai Yi's monitoring, the WLFI unlock activation portal has been open for two weeks. 45.9 billion WLFI tokens have now been transferred to the unlock contract, a progress rate of 73.8%, with a total value of $2.81 billion. The WLFI team and related stakeholders have burned 3.2 billion WLFI tokens valued at $194 million. WLFI is currently trading at $0.06137, up 18% from its low point at the beginning of the month.
XRPL Developer Warns XRP Community About Scams Involving Fake Wallets and Airdrops
XRPL developer Wietse Wind has issued a new security warning to the XRP community, indicating an increase in scam activities targeting Xaman Wallet users. According to him, scammers are currently promoting fake desktop wallet applications and counterfeit airdrop campaigns to trick users into connecting their wallets or downloading malicious software, thereby stealing funds. Wietse Wind reminds users not to connect their wallets to suspicious websites or download any unofficial applications to prevent asset loss.
OKX Ventures cited Token Terminal data on platform X, stating that Ethereum's monthly transaction count has exceeded 70 million, an all-time high. Simultaneously, the median transaction fee on the network has dropped to approximately $0.00554, also a record low. This indicates that Ethereum is gradually achieving a network state characterized by "high efficiency and low cost."
Prediction market platform Kalshi announced its support for the formation of a new prediction market lobbying group, Americans for Fair Markets, and appointed former White House Deputy Chief of Staff Taylor Budowich as its strategic advisor. The organization will counter the sports betting and casino industries, which it believes are trying to "maintain a monopoly and spread misinformation about prediction markets to policymakers."
Funding & Investment
SoftBank Issues Another ¥260 Billion in Subordinated Bonds to Fund AI Investments
SoftBank Group plans to issue subordinated bonds to individual investors again, raising ¥260 billion ($1.6 billion), just about two months after its previous bond offering to retail investors. According to a filing released on Monday, the bonds have a 35-year term and include an issuer call option after 5 years. The bonds will be priced on June 5, with an initial guidance range for the first 5-year coupon at 4.8%-5.6%.
People & Voices
ETF Store President: Stablecoins Are Not a Genuine Source of Economic Risk
Nate Geraci, President of The ETF Store, joked on platform X, stating "Stablecoins are apparently the economic risk." He commented that while inflation, escalating geopolitical tensions, and rising government and private debt persist, the market identifies stablecoins as the source of risk, calling it "something you couldn't make up."
Strategy CEO: Invested $250,000 in STRC, Yield is 10x My Mortgage Rate
Strategy CEO Phong Le stated that he has a 30-year mortgage at a 1.75% interest rate. Instead of repaying the mortgage, he invested $250,000 into STRC, which yields him 11.5%, equivalent to 10 times his mortgage rate.
According to SlowMist monitoring, MistEye detected a cross-registry supply chain attack targeting developers. Attackers executed the attack by publishing malicious packages via npm, PyPI, and Crates.io. The campaign involved over 34 malicious packages and over 384 related versions, targeting communities including crypto, DeFi, Solana, Sui/Move, and AI developers.
Potential attacker actions include stealing crypto wallets, SSH keys, cloud credentials, GitHub/AWS tokens, browser data, environment variables, and developer keys. Some payloads also attempted to achieve persistence through cursorrules, CLAUDE.md, Git hooks, Shell hooks, cron, systemd, and SSH.
Wu Jihan posted on platform X, stating that Europe's current solar energy problem is no longer just about increasing generation capacity, but a lack of sufficient flexible electricity demand to absorb surplus energy. Citing the latest analysis from energy research firm Pexapark, he noted that the "self-cannibalization" phenomenon of European solar power is rapidly worsening: 1. France's April 2026 solar capture factor dropped from ~0.42 year-over-year to 0.10, a decline of ~75%, with nearly half of solar generation occurring during negative pricing hours. 2. Germany experienced 123 hours of negative electricity prices in April, a 65% year-over-year increase, with approximately 46.8% of solar generation occurring in negative pricing intervals. 3. Spain's problem is no longer limited to summer; its February 2026 solar capture factor plummeted from ~0.71 the previous year to 0.18, while negative pricing hours surged from 0 to 148 hours.
Wu Jihan pointed out that this indicates the speed of solar deployment in Europe has outpaced the construction speed of grid system flexibility. He argued that besides energy storage, grid expansion, and demand response, Europe should also pay attention to interruptible loads, including Bitcoin mining and other computing loads. Such loads can be activated when electricity is abundant and shut down when the grid is under stress, thus acting as a "buyer of last resort" for excess renewable energy, reducing curtailment, improving solar project revenues, and enhancing the profitability and financing feasibility of power generation and grid infrastructure investments.
