24H Hot Cryptocurrencies and News | Circle Advances IPO Plan; SEC Delays Multiple Solana Applications (5.20)

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12 hours ago

24H Hot Coins and News | Circle Advances IPO Plan; SEC Delays Multiple Solana Applications (5.20)

  1. CEX Hot Coins

CEX Trading Volume Top 10 and 24-Hour Price Change:

  • BTC: +1.42%

  • ETH: +4.57%

  • SOL: +1.12%

  • XRP: +0.44%

  • PEPE: +1.51%

  • DOGE: +1.48%

  • SUI: +2.19%

  • NEIRO: -2.34%

  • BNB: +1.10%

  • TRUMP: +0.31%

24H Price Increase Ranking (Data Source: OKX):

  • FXS: +7.02%

  • CRV: +5.47%

  • PENDLE: +4.78%

  • AAVE: +4.77%

  • CSPR: +4.14%

  • CTXC: +3.92%

  • PEOPLE: +3.56%

  • CVX: +3.03%

  • BADGER: +2.62%

  • SNX: +2.23%

  1. On-chain Hot Meme Top 5 (Data Source: GMGN):
  • PIPE

  • FoxMcCloud

  • PRIZE

  • SERHOU

  • PADDI

  1. 24H Hot Search Coins

Neiro (NEIRO): A meme coin themed around Shiba Inu, inspired by the late Dogecoin mascot Kabosu's successor Neiro, aiming to inherit the community spirit of Dogecoin, emphasizing decentralization and community-driven concepts.

Honey (HONEY): The native stablecoin of the Berachain blockchain, utilizing a multi-asset collateral mechanism, soft-pegged to the US dollar, aimed at providing a stable and reliable medium of value exchange for its DeFi ecosystem, and achieving flexible asset support and minting rules through community governance. It has drawn attention in the past 24 hours due to redemption risks.

Headlines

Circle Advances Its IPO Plan, Target Valuation of $5 Billion, While Also in Acquisition Talks with Ripple and Coinbase

Stablecoin issuer USDC Circle is still advancing its IPO plan, targeting a valuation of at least $5 billion. Meanwhile, the company is also in informal talks with Ripple and Coinbase regarding potential acquisitions. Previously, Ripple had offered $4-5 billion to acquire Circle but was rejected. If the acquisition is successful, Ripple may pay in cash and XRP, while Coinbase may pay in cash and stock. Circle submitted its IPO application on April 1 but indicated it might delay due to economic uncertainty.

US Senate Passes Procedural Motion, GENIUS Act Enters Formal Review Stage

According to reporter Eleanor Terrett, the US Senate voted to pass a "cloture motion" to formally review the GENIUS Act, with at least 15 Democratic senators changing their votes to support it, including Cortez Masto, Adam Schiff, and Mark Warner. Despite minority leader Schumer voting against it, the motion passed smoothly. The bill will now enter a comprehensive review process.

SEC Delays Approval of Multiple Solana ETF Applications, States More Time Needed to Assess Legal and Policy Issues

The US Securities and Exchange Commission (SEC) announced on Monday that it would delay its decision on multiple spot Solana ETF applications submitted by 21Shares, Bitwise, VanEck, and Canary Capital. The SEC stated in regulatory documents that it needs more time to digest the legal and policy issues related to these applications.

Industry News

Federal Reserve's Kashkari: There is Significant Uncertainty in the Economy, Unsure When Tariff Issues Will Be Resolved

Kashkari stated that the economic situation was good at the beginning of the year, but there is currently significant uncertainty, causing businesses to delay investments; the timeline for resolving tariff issues remains unknown.

Strategy Increases Holdings by Purchasing 7,390 Bitcoins at an Average Price of $103,498

Strategy purchased 7,390 Bitcoins between May 12 and May 18, at an average value of $103,498 (total: $764.9 million).

Project News

SOON: Token Airdrop Query Now Live

SOON announced on the X platform that the token airdrop query is now live. Additionally, SOON CEO Joanna Zeng stated that this is just the beginning, and with OKX Early Access coming soon, users will have more opportunities to earn SOON tokens.

Sahara AI Announces SIWA Public Testnet Will Launch Tomorrow

Sahara AI announced on the X platform that its SIWA Testnet will officially launch tomorrow, along with a rich AMA event. The SIWA Testnet is the final testing phase before the launch of the Sahara AI mainnet, aimed at promoting on-chain management, licensing, and ownership registration of AI assets, using NFTs to ensure asset traceability and clear ownership. Previously, Sahara AI completed a $43 million Series A funding round led by Pantera Capital, Binance Labs, and others. Sahara AI is a decentralized AI blockchain platform dedicated to providing a secure and fair collaborative economic model for AI assets through blockchain technology.

Solana Labs Spin-off Anza Proposes Alpenglow Plan, Described as the Biggest Change to Solana's Core Protocol

The development studio Anza, spun off from Solana Labs, announced what they call "the biggest change to Solana's core protocol ever." According to the announcement, this high-throughput Layer 1 blockchain will welcome a newly designed underlying architecture called Alpenglow.

Anza's Quentin Kniep, Kobi Sliwinski, and Roger Wattenhofer wrote in a white paper released on Monday: "We believe the launch of Alpenglow will be a turning point for Solana. Alpenglow is not just a new consensus protocol; it is the biggest change to Solana's core protocol since its inception."
This upgrade will replace Solana's existing TowerBFT proof-of-stake consensus mechanism and historical proof timestamp system with new components named Votor and Rotor.

Berachain Co-founder: HONEY Token's Visible Address on Honey is Fully Collateralized by BYUSD

Berachain co-founder Smokey The Bera stated on X: "Noticing that some members of the APAC community are concerned about HONEY collateral risks. The visible vault address for HONEY on Honey is fully managed, and the collateral is primarily BYUSD (the bridged version of PYUSD). If anyone wants to redeem it, they can bridge Eth and swap it on the Curve pool, or send it to Coinbase/OKX/Bybit/Crypto.com/Kraken for redemption. We will do our best to make it easier for Berachain in the future."

Investment and Financing

Revolut Plans to Invest $1 Billion in France and Apply for Crypto License

UK crypto bank Revolut plans to invest $1 billion in France over the next three years and apply for a Digital Asset Service Provider (DASP) license from the French Financial Markets Authority (AMF). The company stated that this move aims to establish France as one of its main markets in Europe and expand its local team in technology, products, and compliance. Currently, Revolut has over 3 million users in France and has opened a European technology center in Paris.

Voices

Arthur Hayes: If US Treasury Volatility Transmits to MOVE Index, It May Trigger Policy Intervention

BitMEX co-founder Arthur Hayes commented on the recent significant volatility in US 10-year Treasury yields, stating, "This movement is considerable, and the BBC (the bond trader community) has been alerted. If this volatility spreads to the MOVE index (a measure of US Treasury volatility), it is expected to trigger immediate policy action." The latest data shows that the yield on US 10-year Treasuries has risen to 4.5445%, rebounding significantly within three days.

JPMorgan CEO Dimon: We Do Not Intend to Custody Cryptocurrencies

JPMorgan (JPM.N) CEO Dimon: Blockchain is not as important as you think, and we do not intend to custody cryptocurrencies.

Paul Atkins: The Crypto Market is in a Long-term State of Regulatory Uncertainty with the SEC

New SEC Chair Paul Atkins stated in a speech that the SEC will be more open to adapting to new developments in the crypto industry and will begin drafting relevant rule proposals to end the long-term state of regulatory uncertainty in the crypto market. He emphasized that the SEC should return to promoting innovation rather than stifling it and noted that the market is constantly innovating, and regulators should not hinder its development. Meanwhile, US lawmakers are considering proposed legislation aimed at clarifying the responsibilities of the SEC and the Commodity Futures Trading Commission (CFTC) in regulating digital assets.

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