Selected headlines
1. RWA total TVL rises to $11.886 billion, BlackRock's BUIDL increases over 48.8% in the past month.
2. Ethereum ICO whale deposits 2500 ETH to Kraken, worth $4.59 million.
3. South Korean presidential candidate Lee Jae-myung promises to push for the approval of a crypto spot ETF.
4. 'Whale shorting ETH at $1800 closes position, losing $430,000.'
5. Affected by 'Binance adds monitoring tags', MOVE, ALPHA, PORTAL, and REI fell over 10%.
Trending topics
Source: Overheard on CT (tg: @overheardonct), Kaito
BOOPFUN: BOOP is in the spotlight today due to an airdrop event and its launch on the Binance Alpha platform. The project has issued airdrop rewards to Kaito NFT holders and staking users, with its high returns surprising many users and becoming a hot topic in the community. BOOP's unique tokenomics design (including sharing transaction fees with users through staking) is seen as a core differentiator from competitors like pumpfun. The community is actively discussing the project's potential to challenge existing platforms and its potential impact on the crypto ecosystem.
BNB: Today's discussion around BNB mainly revolves around VanEck's submission of a spot BNB ETF application, which has garnered strong market attention and is seen as a potential catalyst for attracting institutional investment. Additionally, Binance founder CZ's proposal for Kyrgyzstan to include BNB and Bitcoin in its national crypto reserves has also sparked heated discussions. The launch of the Space and Time (SXT) project on Binance Launchpool, allowing users to mine SXT tokens by staking BNB, has similarly become a key topic. These developments collectively drive BNB to be the focus of the cryptocurrency space today.
XRP: The rising focus on XRP today is mainly due to two major events: Ripple has committed $25 million to support American educators with its RLUSD stablecoin, a charitable move that has received widespread praise on Twitter; concurrently, the news of Ripple's failed acquisition of Circle has triggered market discussions about its strategic positioning. The combination of philanthropic actions and business moves has made XRP a significant topic in the crypto community today.
USDE: The USDE stablecoin has gained attention due to its integration with HyperliquidX exchange and HyperEVM, which provides daily rewards for HyperCore users. USDE launched by Ethena Labs is viewed as a strategic move aimed at creating scalable yield-generating dollar assets within the Hyperliquid ecosystem. However, there are concerns in the market regarding its centralized endorsement model and potential competition with Hyperliquid. The stablecoin's rapid adoption in the Pendle liquidity pool and high total value locked (TVL) performance have also been noteworthy, with discussions around its role in enhancing stablecoin diversification on HyperEVM.
MIOTA: The buzz around MIOTA today stems from the official launch of the IOTA Rebased mainnet, which introduces significant improvements such as Move smart contract functionality, proof-of-stake mechanisms, and decentralized validation node groups. The new mainnet promises faster transaction speeds, enhanced security, and developer tools, significantly boosting IOTA's competitiveness in the Layer-1 space. The community celebrates this milestone event, emphasizing the network's application potential in real-world scenarios such as trade, logistics, and finance. The mainnet launch has sparked widespread discussions about IOTA's future development and its ability to attract developers and institutional adoption.
Selected articles
1. (The most important upgrade for Bitcoin in four years since Taproot)
In recent days, there has been heated discussion online regarding the proposal to lift the OP_RETURN restriction — a proposal put forth by Bitcoin Core OG developer Peter Todd. (It’s worth mentioning that HBO identified Peter Todd as Satoshi Nakamoto in a heavily promoted documentary, which led to him receiving numerous funding requests and threats, forcing him into hiding.) While there are many doubts within the community about this OP_RETURN change, according to an announcement made by Bitcoin developer and Blockstream core contributor Greg Sanders (nickname 'instagibbs') on May 5 on GitHub: in the next network upgrade, Bitcoin Core will no longer impose any byte or quantity restrictions on OP_RETURN.
2. (Framework + Electric Cap led a $14.4 million investment, Unto Labs founded by former Jump employees aims to reconstruct the blockchain 'operating system')
Unto Labs, a crypto project led by former Jump Crypto employees, is quietly building the next-generation 'performance monster' blockchain. On April 29, the project completed a $14.4 million financing round, achieving a valuation of $140 million, led by prominent institutions Framework Ventures and Electric Capital. Core developer Heeger is building a 'self-developed engine' for this new chain — a virtual machine called ThruVM based on the RISC-V architecture, aiming to allow Web2 engineers to easily get on-chain, with a development experience no longer limited by EVM and BPF.
On-chain data
On-chain capital flow situation on May 7
