The cryptocurrency market is buzzing today with significant price movements, institutional investments, and regulatory developments shaping the landscape.
So let's take a quick overview of today's market.
🚨 News
➤Newly appointed US SEC Chairman, Paul Atkins, is suspected of having his X account hacked; he posted a Meme contract before deletion.
➤Trump administration pushes EU to call off its AI code of practice.
➤Binance updates listing standards, emphasizes continuous monitoring.
➤TON will officially stop using the Toncoin Bridge on May 10.
➤US payment giant Stripe is developing financial products with stablecoins at the core and is ready for testing.
💹 On-Chain
◆In the past 24 hours, the total network contract liquidation was $338M, mainly short orders.
◆Solana's USDC circulation surpasses 10 Billion.
◆USDC circulation increases by 1.2B in past week. The total circulation now stands at 62B.
◆Hyperliquid surpassed Tron in 24-hour fee revenue, generating $2M compared to Tron's $1.9M.
◆Ripple’s RLUSD stablecoin added $76M in liquidity on Aave within four days.
◆Roughly 56,165 BTC flowed out of centralized exchanges over the past week.
📊 Trading Update
▪️Bitcoin inches up to $95,600 with a 1.58% increase in 24hr.
▪️Ethereum exceeds $1,800 with a 1.72% increase in 24hr.
▪️A whale bought over $4M worth of VIRTUAL, WLD and other tokens in the past 13 hours.
▪️WIF surged 17.74%, hitting a monthly high of $0.612.
▪️FET’s price surged 13%, boosted by a 33% increase over the week, despite large investors selling off 17.3M tokens worth $11.88M.
