- CEX Hot Coins
CEX Trading Volume Top 10 and 24-Hour Price Change:
BTC: +0.47%
ETH: +0.13%
SOL: -0.34%
PEPE: -1.93%
XRP: -1.76%
DOGE: -0.25%
SUI: -0.91%
TRUMP: +11.01%
TRX: +1.09%
BNB: -0.01%
24H Price Increase Ranking (Data Source: OKX):
PSTAKE: +24.50%
SNT: +8.34%
KAITO: +8.15%
RADAR: +6.19%
SONIC: +4.04%
OL: +2.64%
ZBCN: +2.58%
FLUID: +2.53%
CVX: +2.38%
APE: +2.30%
- On-Chain Hot Meme Top 5 (Data Source: GMGN):
PIPE
BTRUMP
PBJT
fin
Fartcoin
- 24H Hot Search Coins
pSTAKE (PSTAKE): A Bitcoin liquid staking protocol supported by Binance Labs, aimed at providing non-custodial staking yields for BTC holders through collaboration with Babylon, while empowering the DeFi ecosystem and enhancing Bitcoin's capital efficiency, ranking first in the 24-hour price increase list.
SXT (Space and Time): An ERC-20 utility token based on Ethereum, supporting its decentralized data platform, utilizing zero-knowledge proof technology (Proof of SQL) for trusted access to on-chain and off-chain data, ranking second in the 24-hour price increase list.
Headlines
GENIUS Stablecoin Bill Senate Procedural Vote Expected to Start on Wednesday
According to Eleanor Terrett, after the procedural motion for the "GENIUS Act" passes, debates and amendments will begin in the Senate tomorrow evening or Wednesday. In this vote, 16 Democratic lawmakers changed their stance to vote in favor. Although Republicans originally hoped to complete the final vote before Memorial Day, it remains uncertain whether it can proceed as scheduled. This vote is seen as an important first step in the passage of the GENIUS Act, which aims to provide a regulatory framework for the cryptocurrency industry.
SEC Sues Unicoin and Its Executives for Securities Fraud, Involving Over $100 Million
The U.S. Securities and Exchange Commission (SEC) announced on May 20, 2025, that it has filed a lawsuit against Unicoin, Inc., based in New York City, and three of its executives, accusing them of making false and misleading statements in the issuance of certificates claiming to obtain the cryptocurrency Unicoin tokens and the issuance of Unicoin common stock.
The involved executives include CEO and Chairman Alex Konanykhin, former President and former Chairman, current Director Silvina Moschini, and former Chief Investment Officer Alex Dominguez. The SEC alleges that Unicoin and its executives falsely claimed to over 5,000 investors that their tokens would be backed by billions of dollars in real estate and pre-IPO company equity through extensive advertising (including ads in airports, New York taxis, and on television), while the actual asset value was far below this.
Additionally, the SEC stated that Unicoin falsely reported selling over $3 billion in certificates, with actual financing not exceeding $110 million, and falsely advertised that its certificates and tokens were registered with the SEC. The SEC has filed a lawsuit in the U.S. District Court for the Southern District of New York, seeking a permanent injunction, the return of ill-gotten gains, civil penalties, and employment bans for the involved executives. Unicoin's General Counsel Richard Devlin has also been charged with making similar false statements due to negligence and has agreed to pay a civil penalty of $37,500.
Industry News
New York City Mayor Announces Formation of Cryptocurrency Advisory Committee
New York City Mayor Eric Adams announced on Tuesday (May 20) that the city will establish a digital asset advisory committee aimed at bringing fintech job opportunities to New York. Adams stated at a summit held at the mayor's residence, Gracie Mansion, that the committee will consist of industry experts, and the chairperson will be announced in the coming weeks. Adams emphasized that this move is to "better serve today's New Yorkers by leveraging future technologies." In addition to business interests, New York City will also explore putting birth and death records on-chain to help residents' relatives more easily access these documents. Participants in the summit included family offices and unicorn startups. Republic Co-CEO Andrew Durgee stated that despite regulatory issues, his company remains in New York, while some others have left the U.S.
Argentinian President Milei Closes Investigation Department on Libra Scandal
According to market news: Argentinian President Milei has closed the investigation department on the Libra scandal. Previously, it was reported that President Milei was embroiled in the Libra scandal, with 57.6% of the Argentinian public losing trust in him, while only 36% still expressed support. This trust crisis stemmed from the February incident involving the Libra meme coin, which saw its market value soar to $4.6 billion after a post by Milei on social media, but plummeted 94% within hours. Although Milei argued that he was merely spreading information rather than promoting it, the opposition initiated impeachment proceedings.
Bloomberg senior ETF analyst Eric Balchunas posted on X platform that BlackRock currently ranks second in Bitcoin holdings, just behind Satoshi Nakamoto, holding 57% of the world's second-largest Bitcoin holdings, and is expected to become the world's largest Bitcoin holder by next summer. If Bitcoin reaches $150,000 in the coming months, there may be a "frenzied buying" by financial advisory firms, potentially shortening the timeline for BlackRock to reach the top.
Bancor Sues Uniswap for Patent Infringement
Decentralized exchange Bancor has filed a patent infringement lawsuit against Uniswap, accusing it of using Bancor's "Constant Product Automated Market Maker" (CPAMM) technology without authorization, which was patented in 2017.
Bancor stated that the technology was designed in 2016 and patented in January 2017. The protocol launched by Uniswap in November 2018 is accused of using this invention. Bancor project leader Mark Richardson stated that Bancor must take action because Uniswap has continuously used its invention without authorization and is competing with Bancor.
The lawsuit has been submitted to the U.S. District Court for the Southern District of New York, seeking damages. As of the time of publication, Uniswap has not publicly responded. According to DefiLlama data, Uniswap far exceeds Bancor in 24-hour trading volume.
Project News
Blackstone Makes First Bet on Bitcoin, Purchasing $1.08 Million in IBIT Fund
Blackstone has finally made a move on Bitcoin, but the investment giant seems to still not take the world's largest cryptocurrency seriously. As of the end of March, Blackstone only held $1.08 million worth of BlackRock's spot Bitcoin ETF (IBIT), marking Blackstone's first disclosed investment in crypto assets. This ETF has a total scale of over $60 billion and is the most popular ETF tracking Bitcoin prices. Despite managing over $1 trillion in assets, Blackstone's investment in Bitcoin remains "just a little bit." Back in 2019, Blackstone co-founder and CEO Stephen Schwarzman stated that he did not like Bitcoin, saying, "I don't have much interest in it because I find it hard to understand."
Solana Co-Founder Raj Warns of Recent Hacking Attempts on Social Accounts
Solana co-founder Raj Gokal posted on X platform today, stating that attackers have been continuously trying to take control of his email, social media, Google, and Apple accounts over the past week. He reminded users that if they notice any unusual content in their accounts (such as issuing tokens or fundraising), it is likely due to hacking, and urged users to remain vigilant.
Investment and Financing
Catena Labs Completes $18 Million Seed Round Financing, Led by a16z Crypto
Circle co-founder Sean Neville's AI-native financial startup Catena Labs announced the completion of an $18 million seed round financing, led by a16z crypto, with participation from Breyer Capital, Circle Ventures, Coinbase Ventures, and Tom Brady. Catena Labs is dedicated to building an "AI-native bank" centered around AI agents and has developed an open-source protocol supporting AI payment and identity systems. The company has not disclosed its valuation and has no plans to launch cryptocurrencies or stablecoins in the short term.
Fintech Startup Slash Completes $41 Million Series B Financing, Led by Goodwater Capital
Fintech startup Slash has completed $41 million in Series B financing, led by Goodwater Capital. Slash allows businesses to exchange between fiat currency and cryptocurrency assets and manage their various cryptocurrency assets. The company currently has 35 employees and plans to use the new funding to expand its business and enter new fields.
True Markets Completes $11 Million Series A Financing, with Participation from PayPal Ventures
Solana ecosystem cryptocurrency trading application True Markets announced the completion of $11 million in Series A financing, with participation from PayPal Ventures, Variant, and others including RRE Ventures and Reciprocal Ventures. The company currently has 10 full-time employees and focuses on a centralized matching engine primarily for institutional users, recently launching real-time trading features for customers.
Voices
Glassnode: Ethereum Pectra Upgrade Has Not Increased Network Participation
Glassnode posted on the X platform stating that the Ethereum Pectra upgrade has not increased network participation. Since the upgrade, the average number of new and recovered addresses has decreased compared to the beginning of the year (down 1.8% and 8.4%, respectively), but the churn rate has also significantly decreased (-8.5%).
Federal Reserve's Musalem: Inflation Has Eased, but Remains Above 2% Target
Federal Reserve's Musalem stated that inflation has eased but remains above the 2% target. If inflation expectations become unstable, the Fed's policy should prioritize price stability.
Arkham: Ethereum Co-founder Jeffery Wilcke Transfers $262 Million Worth of ETH to Kraken
According to Arkham's post on the X platform, Ethereum co-founder Jeffery Wilcke transferred $262 million worth of ETH to Kraken, totaling approximately 105,737 coins.
The U.S. Securities and Exchange Commission (SEC) released a statement from its Chair Paul S. Atkins, who testified before the House Financial Services and Government Operations Appropriations Subcommittee on May 20, 2025. He stated that he would prioritize promoting the SEC's regulatory transparency and accountability, especially in the digital asset space, and emphasized that the SEC should conduct rigorous cost-benefit analyses when formulating rules to avoid adverse impacts of overregulation on market innovation.
Paul Atkins also pointed out that the SEC will strengthen cooperation with Congress to establish a reasonable regulatory framework for the crypto asset market, ensuring that its regulatory activities align with legislative intent and adopting a prudent approach to digital asset regulation to avoid hindering technological progress. He stated that the SEC will continue to fulfill its mission of protecting investors and maintaining market integrity while promoting the healthy development of financial markets.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
