$XRP
As of May 10, 2025, the global cryptocurrency market is showing a strong rebound. Here are the main news highlights from the crypto world today:
🏛 Policy and Regulatory Dynamics
• Arizona establishes crypto reserve accounts: Arizona has signed Bill HB 2749 to establish the first crypto reserve account for receiving unclaimed virtual assets, airdrops, and staking rewards, maintaining their native form of storage, becoming an important pilot for public financial management of cryptocurrencies in the United States. 
• U.S. Treasury holds closed-door meetings with the crypto industry: The U.S. Treasury plans to hold several private roundtable discussions with members of the crypto industry next week to discuss issues in various crypto ecosystem areas, including decentralized finance (DeFi), banking, and cybersecurity. 
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🏦 Institutional Dynamics
• Coinbase adjusts investment strategy: Coinbase has considered emulating MicroStrategy by buying large amounts of Bitcoin but ultimately abandoned the idea due to potential risks. However, as of the first quarter, Coinbase holds crypto assets worth $1.3 billion, primarily in Bitcoin. 
• OSL Wealth partners with Nine Blocks: Hong Kong's OSL Wealth announced a strategic distribution partnership with regulated institutional-grade cryptocurrency hedge fund management company Nine Blocks Capital Management to launch an institutional-grade cryptocurrency market-neutral strategy aimed at providing more stable investment options for institutional investors. 
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🔍 Other Market Dynamics
• Meme coin mubarak experiences high volatility: The BSC ecosystem's meme coin mubarak surged nearly 90% in a single day, reaching a market cap of up to $72 million before dropping 30%. It currently has a market cap of about $55.13 million, with a 24-hour increase of 64%. 
• SKYAI trading volume surges: The MCP project SKYAI on the BNB Chain reached an on-chain trading volume of $144 million on May 10, with a market cap exceeding $48 million, indicating high market interest in the project. 
