Selected News
Believe ecosystem tokens surge, LAUNCHCOIN rises over 250% in 24 hours
This round of Bitcoin's rise may be led by institutions, retail traders have yet to enter the market
Trending Topics
Source: Overheard on CT (tg: @overheardonct), Kaito
PUMP: Today's discussion about PUMP focuses on its brand new creator revenue sharing model: the platform will allocate 50% of PumpSwap's revenue to token creators, which has sparked mixed reactions from users. Some criticize the initiative as insufficient and even misleading, while others see it as a positive step towards rewarding creators. Meanwhile, PUMP is facing market pressure from emerging competitors like LetsBONKfun and Raydium, which are rapidly expanding their market share. Users have also expressed concerns about PUMP's sustainability and the regulatory risks it may face in the U.S., with discussions extending to the platform's impact on the entire memecoin ecosystem.
COINBASE: Coinbase today became the first cryptocurrency company to join the S&P 500 index, replacing Discover Financial Services, attracting widespread attention in the industry. The entire crypto community views this milestone as a significant development, marking the further integration of crypto assets into the mainstream financial system. The news sparked lively discussions on Twitter, with many users pointing out that this could attract more institutional investors into the Bitcoin and other cryptocurrency markets.
XRP: XRP has become the focus of today's crypto discussions, with its significant market movements and strategic developments drawing attention. XRP has surpassed USDT to become the third-largest cryptocurrency by market capitalization, generating excitement in the market and discussions about its future potential. This surge in market cap and price is believed to be related to increased institutional interest, deepening strategic partnerships, and its role in the crypto ecosystem. Additionally, XRP's integration into multiple financial systems and its potential as a macro asset class are also seen as key factors driving the current market trend.
DYDX: Today's discussion about DYDX mainly revolves around the dYdX Yapper leaderboard launched by KaitoAI. This leaderboard aims to identify the most active participants in the community, with a total of $150,000 in rewards to be distributed over the first three seasons. The program has sparked widespread community participation, with many users discussing its potential benefits and its incentivizing effect on the DYDX ecosystem. Meanwhile, discussions about the progress of ethDYDX's migration to the dYdX native chain and historical airdrop events have also become topics of conversation.
Featured Articles
Overnight, the hottest narrative in the crypto space has become "Internet Capital Markets," with a number of crypto projects and founders led by the new Launchpad platform Believe in the Solana ecosystem releasing this phrase, alongside "Believe in something," becoming a new slogan to kick off the on-chain bull market. So what exactly is the so-called "Internet Capital Market," will it become a fleeting hype like Base ecosystem's Content Coin, and what related targets are available for selection?
LAUNCHCOIN today surpassed a $200 million market cap, with the long-awaited liquidity and such a high market cap "Memecoin" drawing almost half of the on-chain crypto circle CT into the discussion. The community is wildly discussing this token, half out of FOMO and half out of FUD, as this token, originally issued under the personal identity of Believe founder Ben Pasternak, transformed into a new platform token after rebranding. What happened from hitting zero to a $200 million market cap?
On-Chain Data
On-chain fund flow situation on May 14
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