Midday Crypto Overview ⏰｜Key Developments and Trend Insights on 5.18

1️⃣ El Salvador Continues to Accumulate Bitcoin: Increased holdings by 31 BTC in the past 30 days, bringing total holdings to 6180.18 BTC! As the first country to adopt BTC as legal tender, this move highlights its long-term confidence in crypto assets and suggests that sovereign nations are reshaping the digital asset landscape. Will more countries follow suit in the future?

2️⃣ Ukraine and Binance Asset Dispute Escalates: Court orders the transfer of involved assets to the management bureau, intensifying the tug-of-war between regulators and crypto platforms. This not only concerns the direction of funds but also reflects that the global judicial system is accelerating the definition of crypto asset ownership.

3️⃣ Fidelity Executives Discuss Asset Allocation: A 4:1 ratio of gold to BTC is optimal! Traditional financial giants view BTC as a value storage tool, indirectly confirming that crypto assets have entered the mainstream investment landscape. Perhaps it will become a standard for more institutions in the future?

4️⃣ Abraxas Capital Takes Major Action: Withdraws 14,000 ETH (approximately $36.02 million) from Binance. Institutional capital flow has always been a market barometer; is this operation a bottom-fishing, a risk hedge, or a setup for a new project? It deserves continued attention.

5️⃣ Ethereum Welcomes New Developments: The Fusaka Development Network is launching on May 26! As an important step in testing new features, this indicates that the Ethereum ecosystem is steadily advancing technological iteration, seeking solutions for challenges such as Layer 2 scalability.

6️⃣ Solana's Explosive Growth in Q1: Total application revenue reaches $1.2 billion, a new high for the year, with Pump.fun leading at $257 million! On-chain activity and profitability both rise, with Solana proving its strength amidst skepticism. Can it leverage this to challenge the leading position in public chains?

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