#ETHCrossed2500

As of May 11, 2025, the cryptocurrency market is experiencing notable trends and developments:

📊 Market Overview

Global Market Cap: The total cryptocurrency market capitalization stands at approximately $3.34 trillion, marking a 1.3% increase over the last 24 hours.

Bitcoin (BTC): Currently trading at $104,737, Bitcoin has seen a modest uptick of 0.72% in the past day.

Ethereum (ETH): Ethereum's price is around $2,522, reflecting a 3.60% gain over the previous 24 hours.

🚀 Trending Cryptocurrencies

According to recent data, the following cryptocurrencies are garnering significant attention:

Pi Network (PI): Leading in search interest over the past 24 hours.

Moo Deng (MOO) and Sui (SUI): Also among the top-searched cryptocurrencies recently.

📰 Notable Developments

Coinbase Acquires Deribit: Coinbase has agreed to acquire Deribit, a Dubai-based crypto derivatives platform, for $2.9 billion. This move positions Coinbase to capitalize on the growing institutional interest in cryptocurrency options.

Regulatory Advances in the U.S.: Arizona and New Hampshire have enacted laws permitting state involvement with cryptocurrencies, including holding reserves and investing public funds in digital assets.

These developments indicate a dynamic and evolving cryptocurrency landscape, with increasing institutional participation and regulatory engagement shaping the market's trajectory.