Selected News
Bitwise CIO: The stablecoin bill may pave the way for a multi-year bull market in the crypto market
James Wynn's 40x BTC leveraged long position has realized a profit of $19.83 million
Trending Topics
Source: Overheard on CT (tg: @overheardonct), Kaito
COOKIE DAO: COOKIE DAO has garnered widespread attention on Twitter due to its newly launched SNAPS program. The platform focuses on user experience and rewards users who have long supported specific projects, receiving numerous positive reviews. A large number of users actively share invitation links, indicating sustained market interest. Discussions generally believe that COOKIE DAO has great potential in the decentralized information finance (InfoFi) field, with users showing strong enthusiasm for its ecosystem participation and reward mechanisms.
OBJKT: Today's Twitter discussions about OBJKT focus on the platform's NFT airdrops and the surge in art collectibles. Notable works such as "Wash Memetics NFT Zombie Formalism" and "Garden Landscape" by Ferdoropeza performed well in the #objkt4objkt event, while the large mural exhibition "Echoes of Light" co-launched by @omgidrawedit and @sutueatsflies, along with the generative art curation on the OBJKT homepage, sparked high interaction. Community activity has significantly increased, with users showcasing their collection dynamics of pieces like "Lying Between Clouds" and "Man with Flower on Head."
AVAX: Current discussions around AVAX are centered on the London "Avalanche Summit," with important updates including: the launch of the new DEX "Blackhole" on the Avalanche chain, integration of AVAX with Family applications, the launch of the NFT ticketing system at Red Bull Arena, and the unveiling of the "Fusion" blockchain ecosystem aimed at physical applications. The summit featured forums on gaming and AI, with participation from notable figures like @el33th4xor and @StaniKulechov further increasing attention.
HUMAFINANCE: Huma Finance has gained attention today due to strategic moves: the decision to allocate 0.5% of tokens to active Kaito users has significantly boosted visibility. The project stands out in the PayFi sector, enabling cross-border payments and liquidity solutions through stablecoins like USDC, and has formed partnerships with Solana, Circle, and others. Rapidly increasing trading volume has made it a benchmark project in the DeFi and PayFi fields.
XTZ: Discussions about Tezos today focus on advancements in the art ecosystem: the appointment of a new operations director at Trilitech, acquisitions of Kanbas series artworks, and the ongoing weekly "Tezos Tuesday" digital art showcase continue to highlight the platform's artistic influence. The GENIUS bill passed by the U.S. Senate may have policy implications for Tezos' native stablecoin USDtz, with the community expressing strong confidence in its potential in the art sector.
Selected Articles
The on-chain analysis report released by WatchToweR Crypto shows that the current Bitcoin market is in a bullish accumulation phase. On a macro level, the loosening expectations triggered by the downgrade of the U.S. credit rating and the progress in crypto regulation are driving continuous inflows into BTC/ETH spot ETFs. Meanwhile, on-chain data indicates that the proportion of long-term holders has increased to 65%, and the exchange inventory has dropped to 12%, significantly reducing market selling pressure. A strong support level has formed at $94,369 in the short term. Analysts believe that if BTC can break through the historical high of $110,000, it may trigger an altcoin rally, but caution is advised regarding the high-risk state of the derivatives market that may lead to short-term volatility.
Fintech company Catena Labs, founded by Circle co-founder Sean Neville, has completed an $18 million seed round of financing led by a16z Crypto. The company aims to build AI-native financial infrastructure, providing identity verification and automated payment services for AI agents through the open-source protocol Agent Commerce Kit, aiming to address the incompatibility of traditional financial systems with AI. Although specific products have not yet been launched, the project has already shown forward-looking layouts and competitive advantages in the AI + fintech field, thanks to the founding team's experience and technical background in USDC development.
On-Chain Data
On-chain capital flow situation on May 21
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