Today, May 10, 2025, the cryptocurrency market is showing mixed signals with some positive momentum overall. Here's a brief update:

Market Overview:

The global cryptocurrency market capitalization stands at approximately $3.39 trillion, reflecting a 4% increase over the last 24 hours.

Daily crypto trading volume is around $213 billion, marking a significant increase from the recent downturn.

Top Cryptocurrencies:

Bitcoin (BTC): Currently trading around $102,992, showing a modest increase of about 4% in the last 24 hours. Bitcoin reached the $100,000 mark recently, fueled by bullish sentiment.  

Ethereum (ETH): Has seen a substantial surge, increasing by 20% to trade at approximately $2,346. This makes it the top-performing major cryptocurrency today.

Dogecoin (DOGE): Another significant gainer among the top 10, with a 13.3% increase, trading at around $0.2071.

Other Notable Movers:

Pepe (PEPE) is the top performer among the top 100 coins by market capitalization, soaring by 37.6% to approximately $0.00001275.

Ethena (ENA) has also seen strong gains, rising by 28.9% to around $0.3834.

News and Developments:

Democrats Block Stablecoin Bill: Senate Democrats have blocked a bill aimed at regulating stablecoins, citing the need for stronger consumer protections and concerns about potential enrichment of certain individuals involved in the crypto space.  

TRON and Tether: Tether has launched its USDT stablecoin on the Kaia blockchain, expanding its accessibility to a large user base. TRON has also announced a strategic collaboration with MoonPay.

Regulatory Landscape: Discussions around crypto regulation continue to be a key factor influencing market sentiment.

Exchange Activities: Gemini has secured a MiFID II license, allowing them to offer derivatives in the EU.

Mining: CleanSpark reported a significant increase in quarterly revenue and Bitcoin production. Metaplanet has added more Bitcoin to its treasury

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