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BSC Foundation Address Purchases $25,000 of SIREN Again
According to on-chain analyst Ai Yi's monitoring, the BSC Foundation address has once again purchased $25,000 worth of SIREN at an average price of $0.1544. Currently, the top 5 tokens held by the BSC Foundation are SKYAI: $188,000, TST: $46,000, MUBARAK: $42,000, BROCCOLI(714): $29,000, AIOT / CGPT: $25,000.
According to on-chain analyst Ai Yi's monitoring, the BSC Foundation address has once again purchased $25,000 worth of SIREN at an average price of $0.1544. Currently, the top 5 tokens held by the BSC Foundation are SKYAI: $188,000, TST: $46,000, MUBARAK: $42,000, BROCCOLI(714): $29,000, AIOT / CGPT: $25,000.
Bernstein: Three Factors Driving ETH Surge are Stablecoin and Tokenization Boom, Layer 2 Institutionalization, and ETH Short Covering
According to The Block, Ethereum has generally underperformed in this cycle, but its price has suddenly surged by 65% in the past 30 days, nearly doubling since its low in April. Bernstein analysts outlined three factors behind this rise: the stablecoin and tokenization boom, Layer 2 institutionalization, and ETH short covering. Analysts stated that this cycle is expanding beyond the store of value use case, refocusing on the underlying blockchain, with Ethereum representing 51% of the total stablecoin supply, becoming a key platform representative of this growth trend. Traditional financial giants like BlackRock and Franklin Templeton are also advancing the adoption of the real-world asset tokenization market, which is currently valued at over $22 billion, with Ethereum once again dominating. Additionally, Ethereum Layer 2 is playing an increasingly important role in institutional crypto infrastructure. The third driver of ETH's recent strong performance is more tactical. Over the past 12 to 18 months, crypto hedge funds have often used ETH as a delta-neutral hedging tool—going long on BTC and SOL while shorting ETH. However, they state that as the market narrative shifts towards institutional adoption of blockchain and stablecoin payments, and uses beyond its store of value function, the rationale for ETH's underperformance is becoming increasingly difficult to justify.
According to The Block, Ethereum has generally underperformed in this cycle, but its price has suddenly surged by 65% in the past 30 days, nearly doubling since its low in April. Bernstein analysts outlined three factors behind this rise: the stablecoin and tokenization boom, Layer 2 institutionalization, and ETH short covering. Analysts stated that this cycle is expanding beyond the store of value use case, refocusing on the underlying blockchain, with Ethereum representing 51% of the total stablecoin supply, becoming a key platform representative of this growth trend. Traditional financial giants like BlackRock and Franklin Templeton are also advancing the adoption of the real-world asset tokenization market, which is currently valued at over $22 billion, with Ethereum once again dominating. Additionally, Ethereum Layer 2 is playing an increasingly important role in institutional crypto infrastructure. The third driver of ETH's recent strong performance is more tactical. Over the past 12 to 18 months, crypto hedge funds have often used ETH as a delta-neutral hedging tool—going long on BTC and SOL while shorting ETH. However, they state that as the market narrative shifts towards institutional adoption of blockchain and stablecoin payments, and uses beyond its store of value function, the rationale for ETH's underperformance is becoming increasingly difficult to justify.
ETH Surpasses $2600
Market data shows that ETH has surpassed $2600, currently reported at $2600.7, with a 24-hour increase of 4.91%. The market is quite volatile, so please ensure proper risk management.
Market data shows that ETH has surpassed $2600, currently reported at $2600.7, with a 24-hour increase of 4.91%. The market is quite volatile, so please ensure proper risk management.
GMX: Has Repurchased 1 Million GMX Tokens
GMX stated on social media platforms that it has repurchased 1 million GMX tokens and distributed them to stakers according to the BB&D reward model.
GMX stated on social media platforms that it has repurchased 1 million GMX tokens and distributed them to stakers according to the BB&D reward model.
Bitget Wallet Partners with Reserve to Launch DTF Index Fund Trading and $200,000 Reward Campaign
Web3 wallet Bitget Wallet and decentralized asset issuance platform Reserve have jointly launched an exclusive reward event, providing users with an entry point for investing in DTF (Decentralized Token Folios) on-chain index funds within the Bitget Wallet App. This allows users to configure a basket of assets with a single token, enhancing overall investment efficiency and risk management capabilities. The event runs from May 14 to June 14 at 17:00 (UTC+8), with a total prize pool of up to 200,000 USDC. Users can share the prize pool through trading, holding DTF, or participating in a lottery. The DTF launched by Reserve is an on-chain index fund that allows users to invest in multiple digital asset portfolios with a single token, covering popular sectors such as AI, DeFi, and RWA.
Web3 wallet Bitget Wallet and decentralized asset issuance platform Reserve have jointly launched an exclusive reward event, providing users with an entry point for investing in DTF (Decentralized Token Folios) on-chain index funds within the Bitget Wallet App. This allows users to configure a basket of assets with a single token, enhancing overall investment efficiency and risk management capabilities. The event runs from May 14 to June 14 at 17:00 (UTC+8), with a total prize pool of up to 200,000 USDC. Users can share the prize pool through trading, holding DTF, or participating in a lottery. The DTF launched by Reserve is an on-chain index fund that allows users to invest in multiple digital asset portfolios with a single token, covering popular sectors such as AI, DeFi, and RWA.
Trump: I am a big fan of cryptocurrency
On May 14, U.S. President Trump stated, I am a big fan of cryptocurrency.
On May 14, U.S. President Trump stated, I am a big fan of cryptocurrency.
CertiK Receives Two Grants from the Ethereum Foundation to Advance zkEVM Formal Verification Breakthroughs
According to the official website of the Ethereum Foundation, blockchain security firm CertiK has recently been awarded two research grants for the first quarter of 2025 by the Ethereum Foundation, focusing on enhancing formal methods for developer tools and zkVM circuit verification:
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Verus Tool Evaluation: CertiK will assess the practicality of Verus (a Rust verification tool) in verifying circuits written in Rust and EVM precompiled modules.
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Simplification of zkVM Circuit Verification: This project aims to develop strategies to simplify zkVM circuit verification, with a focus on addressing the arithmetic of modules and the packaging of multiple values into a single field element.
It is reported that CertiK's formal verification technology has been widely applied in top Web3 projects such as zkWasm, TON main chain contracts, Cosmos SDK, as well as Ant Group's HyperEnclave TEE, Asterinas OS, and others.
According to the official website of the Ethereum Foundation, blockchain security firm CertiK has recently been awarded two research grants for the first quarter of 2025 by the Ethereum Foundation, focusing on enhancing formal methods for developer tools and zkVM circuit verification:
-
Verus Tool Evaluation: CertiK will assess the practicality of Verus (a Rust verification tool) in verifying circuits written in Rust and EVM precompiled modules.
-
Simplification of zkVM Circuit Verification: This project aims to develop strategies to simplify zkVM circuit verification, with a focus on addressing the arithmetic of modules and the packaging of multiple values into a single field element.
It is reported that CertiK's formal verification technology has been widely applied in top Web3 projects such as zkWasm, TON main chain contracts, Cosmos SDK, as well as Ant Group's HyperEnclave TEE, Asterinas OS, and others.
BSC Foundation Purchases $25,000 Worth of CGPT and SIREN Again After Two Days
According to Ai Yi's monitoring, the BSC Foundation address purchased $25,000 worth of CGPT after a two-day interval, with an average price of $0.1398. It also purchased $25,000 worth of SIREN, with an average price of $0.1544.
According to Ai Yi's monitoring, the BSC Foundation address purchased $25,000 worth of CGPT after a two-day interval, with an average price of $0.1398. It also purchased $25,000 worth of SIREN, with an average price of $0.1544.
Bitget provides public welfare network services to remote areas through the Starlink Program
Bitget announced the improvement of network infrastructure in remote areas of the Philippines through satellite internet deployed by the Starlink program. The initial coverage points include the Espoir School of Life and Barangay Pitogo on Siargao Island.
This program introduces Starlink satellite equipment to provide six months of free high-speed internet to local areas, aiming to address issues such as insufficient educational resources and poor communication.
Bitget stated that in the future, it will further provide skills training and resource support to local students and women's cooperatives through its "Blockchain4Youth" and "Blockchain4Her" projects.
Previously, due to infrastructure limitations, local residents mainly relied on microwave radio frequency communications, which were frequently interrupted and slow, making it difficult to meet basic needs such as online learning and telemedicine. The satellite network access will improve these issues, providing more stable information services to the area.
Bitget announced the improvement of network infrastructure in remote areas of the Philippines through satellite internet deployed by the Starlink program. The initial coverage points include the Espoir School of Life and Barangay Pitogo on Siargao Island.
This program introduces Starlink satellite equipment to provide six months of free high-speed internet to local areas, aiming to address issues such as insufficient educational resources and poor communication.
Bitget stated that in the future, it will further provide skills training and resource support to local students and women's cooperatives through its "Blockchain4Youth" and "Blockchain4Her" projects.
Previously, due to infrastructure limitations, local residents mainly relied on microwave radio frequency communications, which were frequently interrupted and slow, making it difficult to meet basic needs such as online learning and telemedicine. The satellite network access will improve these issues, providing more stable information services to the area.
APT Breaks Through $6
Market data shows that APT has surpassed $6, currently reported at $5.99, with a 24-hour increase of 6.02%. The market is highly volatile, so please ensure proper risk management.
Market data shows that APT has surpassed $6, currently reported at $5.99, with a 24-hour increase of 6.02%. The market is highly volatile, so please ensure proper risk management.