- CEX Hot Coins
CEX Trading Volume Top 10 and 24-Hour Price Change:
BNB: 2.62%
BTC: 3.52%
ETH: 17.38%
TRUMP: 23.36%
SOL: 7.64%
SXT: 141.67%
DOGE: 9.23%
PEPE: 25.26%
SUI: 7.35%
ADA: 9.17%
UNI: 22.49%
24H Price Increase Ranking (Data Source: OKX):
MOODENG: 48.12%
PNUT: 38.50%
NEIRO: 25.67%
OL: 23.76%
BANANA: 21.30%
EGLD: 20.31%
ZK: 18.58%
LQTY: 16.92%
IP: 16.07%
ACT: 15.13%
- On-Chain Hot Meme Top 5 (Data Source: GMGN):
POPCAT
PIPE
ITRUMP
Fartcoin
CNC
- 24H Trending Coins
Fartcoin: Fartcoin is a meme coin on the Solana chain that combines humor, community engagement, and blockchain technology, launched on October 24, 2024. The token is centered around entertainment, allowing users to earn initial tokens by submitting funny "fart" themed jokes or memes. Each transaction triggers a unique digital "fart" sound effect, adding to the fun. The total supply of Fartcoin is 1 billion, with a current circulation of approximately 999 million, and a market cap of about $1.17 billion (as of May 8, 2025).
Headlines
Latest data from 8MarketCap shows that Bitcoin's market cap has surpassed $2 trillion again, currently reaching $2.04 trillion, with a 24-hour increase of 4.75%, surpassing e-commerce giant Amazon and rising to fifth place in the global asset market cap ranking.
SEC Reaches Settlement Agreement with Ripple, Ripple to Pay $50 Million Fine
The U.S. Securities and Exchange Commission (SEC) officially submitted a settlement agreement with Ripple Labs and its executives Bradley Garlinghouse and Christian Larsen on May 8, 2025, bringing an end to a four-and-a-half-year legal dispute. According to the agreement, both parties will jointly request the court to lift the injunction against Ripple in the August 7, 2024 ruling and release the funds in the $125 million fine escrow account—$50 million to be paid to the SEC, and the remaining $75 million returned to Ripple.
The agreement also stipulates that if the court agrees to lift the injunction, both parties will withdraw the cross-appeals currently being heard in the Second Circuit Court of Appeals. The SEC emphasized that this settlement aims to promote reform of its cryptocurrency regulatory framework, rather than an acknowledgment of the substantive claims in the case, and does not set a precedent for other cases.
The New York Times: Trump to Announce Trade Agreement with the UK
According to The New York Times, three informed sources revealed that President Trump is expected to announce a U.S.-UK trade agreement on Thursday. This will be the first agreement reached since he imposed high tariffs on multiple countries. Trump teased a "major trade agreement" on social media on Wednesday but did not specify the parties involved. Details of the agreement have not been disclosed, but discussions have included reducing UK tariffs on U.S. cars and agricultural products and eliminating taxes on U.S. tech companies.
Fed Spokesperson: Fed Not in a Hurry to Cut Rates in Response to Trump's Tariffs
Fed spokesperson Nick Timiraos analyzed that Fed Chair Powell downplayed expectations of cutting rates to alleviate potential economic weakness from Trump's tariffs. Powell frequently used the word "wait" in the press conference, emphasizing that the Fed is not in a hurry to take action.
Timiraos believes that Trump's trade policies have led to divergences in monetary policy between the U.S. and other economies. Other economies have not significantly raised import tariffs and are facing issues of weak demand and employment, without the price increase pressures that the U.S. may face. Additionally, given that the U.S. has just experienced high inflation, the Fed is reluctant to risk preemptively cutting rates to support slowing employment, fearing it could exacerbate inflation in the short term.
Therefore, the Fed's stance differs from that of the European, Canadian, and UK central banks. Powell hinted that the Fed would only consider cutting rates if there is significant evidence of a slowdown in economic growth, and it could be a rapid cut.
Regulatory Trends
Coinbase Chief Legal Officer Paul Grewal stated on the X platform that Coinbase has released over 10,000 regulatory documents obtained through the Freedom of Information Act (FOIA) to promote government transparency. He pointed out key materials including the SEC's internal acknowledgment of a "cryptocurrency regulatory gap" in 2019, the New York Attorney General's request for the SEC to support the claim that ETH is a security in 2023, and the SEC's inability to view Coinbase's response video due to IT issues, emphasizing that this battle for information transparency relates to the public's right to know.
Industry News
According to Bloomberg, citing informed sources, G7 leaders may discuss the escalating threats posed by North Korea-supported cyberattacks and cryptocurrency theft activities at next month's summit in Canada. Informed sources stated that North Korea's actions to fund its regime through cybercrime have raised "serious alarms"—White House officials previously disclosed that North Korea is financing its military weapons program through cryptocurrency heists.
According to data from blockchain analysis firm Chainalysis, North Korean hackers stole $1.34 billion through 47 attacks in 2024, accounting for 61% of the total amount of cryptocurrency stolen globally that year. The company noted that the hackers' techniques are becoming increasingly sophisticated, making it more difficult to trace stolen funds.
With the Ethereum Pectra upgrade (EIP-7702) officially launched, SlowMist has issued a security reminder for users, wallet providers, developers, and centralized exchanges. Users are advised to pay attention to private key protection, differences in cross-chain contract code, and risks of delegated targets; wallets should detect delegated chain information and alert users to replay risks with chain ID 0; developers should avoid using tx.origin as a defense mechanism and ensure that delegated target contracts are compatible with mainstream tokens; CEXs should track and inspect deposit transactions to prevent fake deposits.
U.S. Initial Jobless Claims for the Week Ending May 3 at 228,000
Initial jobless claims in the U.S. for the week ending May 3 were 228,000, with expectations of 230,000 and a previous value of 241,000.
Project News
Binance to Airdrop 512 SXT Tokens to Users with Alpha Points Reaching 150
Binance announced that it will airdrop 512 SXT tokens to eligible users who reach 150 Alpha points, with the airdrop occurring within 10 minutes after the launch of SXT Alpha. Additionally, users with Alpha points between 66 and 149, and whose Binance UID ends with 1, will have the chance to receive a lucky airdrop of 512 SXT tokens.
Doodles: DOOD Airdrop to Start Tonight at 21:05, No Manual Claim Required
NFT project Doodles announced on the X platform that the DOOD token airdrop will officially start at 9:05 PM Eastern Time on May 9 (21:05 Beijing Time on May 9).
The airdrop will be divided into two phases, with the first phase prioritizing registered Doodles Collectibles holders, expected to take 3-5 minutes; the second phase will airdrop to members of the partner community New Blood, expected to take 15 minutes. Registered users and partner community members will automatically receive the airdrop without manual operation. To prevent scams, the official contract address will be announced by the Doodles team when trading opens.
Community user @oliversgriff revealed that the OX.FUN platform may have increased its original supply of approximately 4 billion OX tokens to nearly 9.8 billion without announcement. This change has been confirmed by the official dashboard and Etherscan data, but the project team has not provided any public explanation. Currently, the OX price has not fluctuated dramatically, but its market cap has surged from less than $5 million to about $17 million.
Previously Hacked Lending Protocol Loopscale to Resume Withdrawals Tomorrow Night
The Solana-based lending protocol Loopscale, which was previously attacked by hackers, officially announced that it plans to resume withdrawals at 10:00 AM Eastern Time on May 9 (10:00 PM Beijing Time on May 9). Although the protocol update patch has been audited, there will initially be limits on the 24-hour withdrawal amounts for each user: SOL deposit users can withdraw a maximum of 2,500 SOL every 24 hours, USDC and USDG users can withdraw a maximum of 500,000 USDC/USDG every 24 hours, and jitoSOL users can withdraw a maximum of 500 jitoSOL every 24 hours.
Previously, Loopscale was hacked last month due to a security vulnerability, resulting in the theft of approximately 5.7 million USDC and 1,200 SOL. After negotiations with the hackers, all lost funds have been recovered.
Space and Time Announces Mainnet Launch
Space and Time announced the launch of its mainnet on X.
It is reported that Space and Time is a blockchain supported by Microsoft for ZK verification of data.
Investment and Financing
Market News: Coinbase to Acquire Crypto Options Platform Deribit for $2.9 Billion
According to market news, Coinbase will acquire the crypto options platform Deribit for $2.9 billion. The deal includes $700 million in cash and 11 million shares of Coinbase Class A common stock.
Voices of Influencers
In a podcast interview on Tuesday, CZ stated that TRUMP Coin is an interesting phenomenon. "I think its emergence reflects a characteristic of the crypto market, which is its rapid response to hot events and celebrity effects. Trump, as a highly controversial figure, naturally attracts a lot of attention. So, the popularity of this token is somewhat expected.
However, from an investment and long-term value perspective, I would be more cautious. Many tokens of this type are more based on speculation rather than true technological innovation or fundamental support. I think it is important for investors to discern which projects have real potential and which are just short-term speculation. The crypto market has matured a lot, but this celebrity-related token craze also reminds us that market sentiment remains a significant driving factor."
Additionally, CZ mentioned that the news cycle often has a certain impact on token price fluctuations. "Especially for newcomers to the industry, they may feel that the crypto market is more like a speculative arena rather than a technology-driven ecosystem. But on the other hand, this also illustrates the inclusivity of the crypto market—anyone can participate, and any idea can be tried. This is both its advantage and its challenge."
Raoul Pal, co-founder and CEO of Real Vision, stated that Bitcoin's market dominance (BTC Dominance) may have peaked today. The reason is that DeMark indicators at daily, weekly, and monthly levels have all shown top signals, and this peak is significantly lower than the 2021 cycle peak, which was also lower than the 2017 cycle peak.
Pal added that if this judgment holds, it would be a significant signal marking the market's entry into the so-called "Banana Zone," referring to a high-risk, high-return phase.
Crypto KOL @Xuegaogx revealed that a t3rn script published by X user @hao3313076 is suspected of having backdoor risks. The logic of private key input calls could silently send the user's private key via the Telegram API to the account with ID 5963704377. This function disguises its true behavior by masquerading as a configuration record log output, with the actual content containing the plaintext private key.
Analyst: Fed May Delay Rate Cuts Due to Tariff Risks
Alvin Liew, an economist at UOB, stated that the Fed may delay rate cuts due to tariff risks. Fed Chair Powell indicated that central bank officials are not in a hurry to adjust interest rates because "the cost of waiting is relatively low," according to the economist. Given the Fed's warnings about the inflation and unemployment risks caused by U.S. tariffs, it still emphasizes patience. UOB continues to expect three rate cuts in 2025, each by 25 basis points. The economist mentioned that UOB has pushed back its expected timeline to the meetings in September, October, and December. UOB still believes there will be two rate cuts in 2026, meaning the federal funds rate will drop to 3.25% next year.
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