Top News

1.Binance Alpha to Open Doodles (DOOD) Trading at 9:00 PM Tonight

2.Ethereum Weekly Gain Nears 30%, Poised for Best Single-Week Performance in 4 Years

3.DWF Labs Partner: Massively Buying Various Shitcoins, May Establish a Strategic Reserve

4.ZachXBT: CEX eXch Involved in Money Laundering Raid, €34 Million Seized

5.AI Agents Total Market Cap's 24-Hour Growth Rate Reaches 14.22%, Surpasses $10 Billion

Trending Topics

Source: Overheard on CT (tg: @overheardonct), Kaito

COINBASE

Coinbase became the focal point of today's cryptocurrency discussions due to its $2.9 billion acquisition of the leading crypto options platform Deribit. This acquisition is hailed as the largest in crypto history and is expected to significantly enhance Coinbase's position in the crypto derivatives market. The transaction includes $700 million in cash and 11 million shares of Coinbase stock, seen as a strategic move for Coinbase to expand its business and strengthen its global platform presence. Industry reactions to this move have been mixed, with some seeing it as a transformative step for Coinbase while others express concerns about its position against major competitors like Robinhood, Stripe, and Meta.

XRP

Today's discussions about XRP mainly revolve around two major events: Ripple's settlement with the U.S. Securities and Exchange Commission (SEC) and a controversial post by former President Trump. The SEC agreed to a $50 million settlement with Ripple, ending the long-standing litigation over whether XRP qualifies as a security, a development warmly welcomed by the XRP community. Furthermore, Trump's post on Truth Social classifying XRP as part of the "cryptocurrency strategic reserve" was later revealed to be influenced by a lobbyist connected to Ripple, leading to the removal of this lobbyist from the White House. These events significantly boosted XRP's visibility and discussion on social media.

SUI

SUI has received widespread attention due to its recent performance and ongoing development. The network ecosystem is expanding through cross-chain interoperability partnerships with projects like Axelar, as well as the launch of innovative projects such as Popkins NFT and AlphaLend lending protocol. SUI's technical capabilities and community strength have been hot topics of discussion, with many believing it has the potential to fill a gap in the Layer 1 blockchain competition. The growing number of SUI accounts and research accomplishments further enhance its position in the blockchain space, making it a strong contender.

HYPERLIQUID

HYPERLIQUID has become a hot topic today due to its innovative on-chain transaction model. Discussions focus on its unique ecosystem, deep liquidity, and deflationary tokenomics. The platform's recent developments, including the integration of HyperEVM and a new fee system, have been widely praised for their ability to optimize user experience and attract real trading volume. The community is excited about its potential to challenge mainstream centralized exchanges, especially given its focus on financial inclusion. Other highlights include the platform's appeal to developers and traders, robust infrastructure, and positive sentiment about its future growth prospects.

NEWTON

Discussions about NEWTON mainly revolve around its surging popularity following the launch of the Just for Me event in collaboration with KaitoAI. This event offered a 0.75% $NEWT token reward pool, sparking significant attention and engagement on Twitter. Users have shown great interest in the "Smart Dollar-Cost Averaging" feature for automated token purchases and potential airdrops. Support from notable institutions like PayPal Ventures, as well as integration with Polygon Labs, has further bolstered the community's confidence in the project.

Featured Articles

1.《Binance Sponsors $2.2 Million, Sonic Set to Explode 6 Months After Layout? 》

Recently, Binance announced the integration of the Sonic chain into the Binance Wallet and will airdrop rewards to users of the Sonic ecosystem token traded on Binance Alpha on the Binance App or Binance Wallet. Despite the continuous fluctuations in the "monkey market," Sonic seems to be steadily developing in this volatility. In just four months since its launch in March, Sonic chain's TVL has exceeded the $20 billion mark, with its token $S having decent support around the $1.5 billion market cap level.

With the gradually enriching ecosystem and Binance's strong support this time, can Sonic bring the DeFi concept back to its peak in the current narrative-shifting crypto market? This article will introduce Sonic's second-quarter scoring mode, Sonic's Binance Alpha, and some interesting new projects of Sonic.

2. "US Stablecoin Bill Rejected, Will Regulatory Cold Shoulder Affect Altseason Restart?"

Since returning to the White House, Trump's once smooth-sailing stablecoin bill, which has attracted much attention, has recently encountered a setback. The "GENIUS Act," also known as the "Guidance and Establishment of the US Stablecoin National Innovation Act," was a legislation proposed by the US Senate on February 4, 2025, aiming to establish a comprehensive regulatory framework for "payment stablecoins" in the United States to promote financial innovation, protect consumers, combat illicit financial activities, and strengthen the US dollar's dominance in the global financial system. This landmark crypto bill faced an unexpected obstacle during negotiations, as nine key Democratic senators in the Senate publicly announced on May 3 that they refused to support the revised version proposed by the Republicans last week.

On May 9, the Senate rejected the "Stablecoin Innovation and Safety Act" by a vote of 48-49, with Democratic senators collectively blocking the motion to advance the bill. This bill sought to establish the first federal regulatory framework for stablecoins pegged to the US dollar, which was a key focus of Trump's crypto policy. Also on this day, the long-standing case between Ripple and the SEC finally came to a conclusion, bringing to light their ties to American political groups, with Democrats emphasizing the need to ban the Trump group from involvement in cryptocurrency. With conflicting interests and partisan struggles, can Trump continue his previous plans to build a new crypto empire?

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