May 16 Highlights:
1️⃣Coinbase faces security breach: CEO Brian Armstrong revealed that hackers bribed overseas customer service personnel to obtain <1% of user data. Passwords, private keys, and funds were unaffected, and Coinbase will compensate affected users.
2️⃣ Bitcoin price prediction: Bitwise CIO expects Bitcoin to "break through $200,000" in 2025, reaching a new all-time high.
3️⃣ Ethereum surge: CryptoKaleo describes this as the "most underrated" surge, but reminds us that ETH has not yet reached a new high in this cycle. A small altcoin season is expected in the coming weeks.
4️⃣ Institutional entry: BlackRock purchases $57.6 million in Ethereum, demonstrating increased institutional confidence.
5️⃣ Regulatory dynamics: Nebraska passes Bitcoin mining bill LB 526 for final reading. Coinbase CEO meets with U.S. lawmakers to advocate for stablecoin regulation.
6️⃣ Market sentiment: The Bitcoin Fear and Greed Index is at 70, indicating a "greed" state. BTC price fluctuates in the $102,000-$103,000 range.
7️⃣ DeFi update: Uniswap's DEX trading volume reached $70 billion in April, becoming the first DEX to surpass a total trading volume of $3 trillion.
8️⃣ Meme coin trends: Meme coins like $POPCAT and $FARTCOIN continue to attract attention, with enthusiasm for memes remaining high.
