1. Popular currencies on CEX
CEX top 10 trading volume and 24-hour rise and fall:
BNB: 1.41%
ETH: 1.24%
BNB: 0.28%
SOL: 0.14%
TRUMP: -0.27%
SIGN: 175%
SUI: 1%
DOGE: 0.88%
PEPE: 2.74%
OSMO: 0.41%
24 H increase list (data source: OKX):
MILO: 84.66%
MEMEFI: 31.89%
LOOKS: 24.57%
DIA: 23.19%
ZBCN: 19.69%
FLOKI: 17.12%
AIXBT: 16.68%
RIO: 13.65%
ME: 12.57%
GOAT: 11.95%
2. Top 5 popular memes on the chain (data source: GMGN ):
PIPE
POPCAT
MEMEDX
PEDOGE
KMNO
3. 24-hour hot search currencies
TROLL: Behind $TROLL is the Trollface Meme. The original author recently personally supported the new $TROLL, competing for legitimacy with the old conspiracy disk, which sparked heated discussions in the community.
Headlines
Arizona House Passes Two BTC Reserve Bills
The Arizona House of Representatives recently passed two BTC reserve-related bills, SB 1025 and SB 1373, which have been submitted to Governor Katie Hobbs for signature. SB 1373 proposes the establishment of a digital asset strategic reserve fund managed by the state treasurer, with funding sources including seized assets and legislative appropriations. Up to 10% of each fiscal year can be invested in digital assets such as BTC, and loans can be made without increasing risks. SB 1025 allows the states fiscal and pension systems to invest up to 10% of available funds in virtual currencies, with a focus on BTC.
Abu Dhabi sovereign wealth fund ADQ, conglomerate IHC (IHC.AD) and First Abu Dhabi Bank (FAB.AD), the largest bank in the UAE by assets, announced plans on Monday to launch a new stablecoin backed by the dirham, the official currency of the United Arab Emirates (UAE), Reuters reported. The three companies said in a statement that the stablecoin will be fully regulated by the UAE Central Bank. The move marks a further deepening of the Gulf states investment in the cryptocurrency sector.
U.S. Treasury Secretary: First trade deal could be reached as early as this week or next
U.S. Treasury Secretary Jeff Bessant said that negotiations with Asian trading partners are progressing very smoothly and the United States has launched major negotiations with Japan on trade issues. The first trade agreement may be reached as early as this week or next week.
U.S. Congress accelerates encryption legislation, aims to complete it by August
U.S. lawmakers returned to Congress after the Easter recess and made crypto legislation a priority, aiming to complete the stablecoin and market structure bill before the August deadline set by President Trump. The House Financial Services Committee and the Agriculture Committee will hold a joint hearing on May 6 to discuss the blueprint for digital asset legislation. The Senate is also integrating the 2022 Lummis-Gillibrand Act and the FIT21 Act.
Industry News
Analysts: U.S. Treasury quarterly refinancing is expected to remain stable
Michael Brown, senior research strategist at Pepperstone, pointed out in a report that the U.S. Treasurys quarterly refinancing announcement on Wednesday will be the focus of the market this week, but the possibility of major policy adjustments is low. He said: It seems unlikely that the Treasury will announce major adjustments, and the recent market turmoil has further strengthened the position that policymakers should not take measures that may disrupt the market. He added: Therefore, the markets attention may focus on whether there will be fine-tuning of the guidance to maintain the auction size at least in the next few quarters.
Strategy spent $1.42 billion to increase its holdings of 15,355 BTC in the past week
According to market news, Strategy spent $1.42 billion last week to increase its holdings of 15,355 BTC.
Traditional financial company Calastone and Fireblocks launch new platform to tokenize funds
Traditional finance firm Calastone has announced that it is integrating Fireblocks’ blockchain infrastructure to support a new tool that will help asset managers tokenize any fund on its platform.
Fireblocks will provide basic support for this system, enabling users to deploy Calastones smart contracts on blockchains such as the Ethereum mainnet and Polygon.
According to official news, Tether announced that its gold tokenized product Tether Gold (XAUT) is now compliant in El Salvador and has released the first official audit report on XAUT that complies with the new regulatory framework.
The report stated that each XAUT token is backed by 1:1 physical gold, which is securely stored in an exclusive vault in a world-class facility in Switzerland. The XAUT tokens in circulation are backed by more than 7.7 tons of physical gold.
The Ethereum Foundation stated in a statement that in the coming year, it will work around two pillars: core values and strategic goals, based on technological excellence to promote the long-term success of the Ethereum ecosystem. Specific focuses include:
1. Expanding the Ethereum mainnet (L1) and data capacity (Blobs);
2. Improve user experience (UX), strengthen L2 interoperability and application layer development;
3. Promote the improvement of developer experience (DevEx) and strengthen the exposure and support of applications and L2 projects on platforms such as Devcon.
In addition, the Ethereum Foundation will accelerate the path for developers, entrepreneurs, and institutions to build and apply Ethereum, fully leveraging EF’s knowledge and leadership to attract and cultivate a new generation of builders.
Project News
Tomasz K. Stańczak, executive director of the Ethereum Foundation, released an important clarification on the EOF debate, saying that there is a major controversy over EOF, but there is a key misunderstanding that needs to be clearly resolved: the current EOF discussion has nothing to do with the upcoming Pectra upgrade on May 7. The Pectra upgrade does not include EOF and is not intended to include EOF. All content of Pectra will be released as planned on May 7. CoinDesk previously reported that the Ethereum EVM Object Format (EOF) improvement proposal has been included in the Pectra hard fork, which is expected to be executed later this year or early next year. The EOF proposal will make a series of minor changes to upgrade the Ethereum Virtual Machine (EVM). EOF will make smart contracts more developer-friendly, especially for those who use the Solidity or Vyper programming languages to build decentralized applications, but may break existing smart contracts. Developers have added a new version that allows DApp builders to choose which version of EVM to use when deploying code.
Crypto Lawyer John Deaton: Ripples Tokenization Efforts May Boost XRP Adoption and Price
Ripple is expanding its custody services by acquiring companies such as Metaco and Standard Custody. Crypto lawyer John Deaton said that Ripples move is intended to become a one-stop blockchain solution provider for financial institutions and promote tokenization-as-a-service. Deaton pointed out that Ripple plans to use XRP Ledger and RLUSD stablecoins to support banks to tokenize traditional assets such as stocks and real estate, which is expected to increase XRP adoption and prices.
OKX Pays first version is officially launched, focusing on stablecoin payments
Today, OKX CEO Star announced the official launch of the first version of OKX Pay through the official website. It will be embedded in the OKX App and open to some markets. OKX Pay adopts a private key sharding management method , dividing the private key into two, one half is stored in the users Passkey, and the other half is stored by OKX.
OKX Pay will focus on stablecoin payments, initially supporting USDT and USDC, and will gradually connect to more stablecoins in the future. In addition, it will simultaneously launch a new feature passive income, and users deposits will automatically earn income.
Jupiter announces Ultra v2 mode to improve transaction efficiency and security
Jupiter announced the launch of Ultra v2 mode, which can help users find the best price to actually execute exchange transactions. Ultra v2 provides dynamic broadcast mode, dynamic gas fee adjustment, top-level MEV protection, and proprietary broadcast engine.
Ultra v2 users receive priority support. When something goes wrong with a transaction or an exchange doesnt go as expected, Jupiter is here to help 24/7.
Ultra v2 provides gas-free transaction support, so users can directly exchange any token even if they do not have SOL in their wallet. Network fees are handled by Jupiter in the background, so users do not need to worry about it. In order to cover the relevant costs, Jupiter may charge a small additional fee depending on the specific transaction situation.
Investment and Financing
Catizen receives strategic investment from Animoca Brands to help expand Telegram Mini App ecosystem
The Telegram Mini App game Catizen announced the completion of a new round of strategic investment, supported by the well-known blockchain game company Animoca Brands.
Catizen, released by Pluto Entertainment, is one of the highest-grossing gaming projects in the Telegram-TON ecosystem. Its innovative Play for Airdrop model is highly consistent with TONs strategy of promoting game-token-DeFi user conversion, and has successfully helped more than 40 million new users access the Web3 world.
The consumption of Catizens native token CATI has also continued to rise, becoming an important indicator of ecological activity. The latest data shows that the total consumption of CATI has exceeded 30 million, a 3.5-fold increase from the fourth quarter of 2024. According to the trading platform Bybit, Catizen has more than 3.3 million on-chain users, and its game platform has a maximum daily consumption of more than 1 million CATI. Officials predict that as more games and application scenarios go online, the total consumption of CATI is expected to reach the target of 200 million.
According to previous news, Pluto Entertainment has also received investment support from YZi Labs, HashKey Capital, Folius Ventures, The Open Platform and other institutions. Currently, Pluto Entertainment is accelerating its transformation to the Telegram x TON ecosystem, exploring new opportunities for the integration of globalization and encryption technology, and is committed to promoting the large-scale application of blockchain technology under the Mini App business model.
Regulatory trends
Coinbase calls for lifting of SEC ban on cryptocurrency holdings
Coinbase calls on the U.S. Office of Government Ethics (OGE) to lift regulations prohibiting U.S. Securities and Exchange Commission (SEC) staff from holding crypto assets. In an open letter sent to OGE Acting Director Jamieson Greer and new SEC Chairman Paul Atkins on April 25, Coinbase Chief Legal Officer Paul Grewal said that SEC staff need to actually use cryptocurrencies to better understand how they work and how to regulate them effectively. Grewal wrote in a letter to Jamieson Greer: To regulate a technology, you must first understand it; to understand technology, you must actually use it. Allowing SEC staff to hold crypto assets is key to their necessary knowledge and developing a viable digital securities regulatory framework.
OGE Legal Advisory 22-04, issued on July 4, 2022, prohibits SEC staff from purchasing, selling, or otherwise using cryptocurrencies and stablecoins.
With the support of Dubai Virtual Asset Regulatory Authority (VARA), Unchained Summit attracted top institutions such as Bitwise and Franklin Templeton to participate, becoming a high-level event in the Web3 field. CertiK co-founder Gu Ronghui delivered a keynote speech, discussing the balance between innovation and security in Web3, emphasizing the importance of compliance. The summit focused on cutting-edge topics such as the integration of AI and Web3, the expansion of decentralized finance and RWA, and brought together industry leaders such as YZi Labs CEO Ella Zhang and PayPal Vice President May Zabaneh. Gu Ronghui has repeatedly pointed out that compliance is the only way for Web3 to move towards the mainstream. Only through collaboration among all parties can a win-win situation of innovation and security be achieved. He called for the coordination of technology and regulation to ensure the steady growth of the Web3 ecosystem.
Character Voice
Matrixport: With new capital inflows, Bitcoin may be expected to break through $100,000
Matrixport released todays chart, saying that the liquidity of the crypto market has improved recently, new funds have begun to flow into the market, and the overall environment has shown positive changes. After two months of sideways consolidation and small increases, we are beginning to see initial positive signs of the conversion from fiat currency to cryptocurrency.
If this trend continues, it should not be difficult for Bitcoin to break through the $100,000 mark. Although it is still early, the surge in capital inflows in October and November last year also drove the previous strong rebound.
Given the current signs of capital recovery, traders can pay close attention to relevant data.
Coinshares: Bitcoin hashrate is expected to exceed 1 Zettahash per second as early as July
According to the latest report from Coinshares, the Bitcoin network computing power is expected to break through the historic threshold of 1 Zettahash per second (ZH/s) as early as July this year, which is significantly earlier than previously predicted. This data confirms the strong growth momentum and risk resistance of the Bitcoin mining network. The report predicts that Bitcoin computing power will exceed 1.28 ZH/s by the end of 2025 and may reach 2.0 ZH/s in early 2027. Although the computing power price, a key indicator of miners profitability, has rebounded slightly this year, it is predicted that it will enter a long-term structural downward channel. The report predicts that before the Bitcoin halving cycle in 2028, the computing power price will remain in the range of US$35-50/PH/day, and will fall below US$40 in the first quarter of 2026. This trend reflects the dual pressures of improved mining machine efficiency and intensified industry competition.
IntoTheBlock said in a post that short-term Bitcoin traders positions increased significantly last week, indicating that speculative demand has picked up again. If this inflow of funds continues, it means that the current rise is not only a technical rebound, but also the beginning of a larger rise.
