24H Hot Coins and News | Bitcoin market value returns to above $2 trillion; Fed in no rush to cut interest rates in resp

1. Popular currencies on CEX

CEX top 10 trading volume and 24-hour rise and fall:

• 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%

24 H increase list (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%

2. Top 5 popular memes on the chain (data source: جی ایم جی این ):

• POPCAT

• PIPE

• ITRUMP

• Fartcoin

• CNC

3. 24-hour hot search currencies

Fartcoin: Fartcoin is a meme coin on the Solana chain, combining humor, community participation and blockchain technology, and was launched on October 24, 2024. The token is entertainment-centric, and users can earn initial tokens by submitting funny fart themed jokes or memes. Each transaction triggers a unique digital fart sound effect to add fun. The total supply of Fartcoin is 1 billion, with a current circulation of approximately 999.9 million and a market value of approximately US$1.17 billion (as of May 8, 2025).

شہ سرخیاں

Bitcoins market value has returned to above $2 trillion, surpassing Amazon to rank fifth in the worlds asset market value

8 The latest data from بازارCap shows that the market value of Bitcoin has returned to above 2 trillion US dollars, currently reaching 2.04 trillion US dollars, with a 24-hour increase of 4.75%. It has surpassed e-commerce giant Amazon and risen to fifth place in the global asset market value ranking.

SEC reaches settlement with Ripple, Ripple will pay $50 million fine

On May 8, 2025, the U.S. Securities and تبادلہ Commission (SEC) formally submitted a settlement agreement with Ripple Labs and its executives Bradley Garlinghouse and Christian Larsen, bringing an end to the legal dispute that lasted for four and a half years. According to the agreement, both parties will jointly request the court to lift the ban on Ripple in the August 7, 2024 ruling and release the funds in the $125 million fine escrow account – $50 million of which will be paid to the SEC and the remaining $75 million will be returned to Ripple.
The agreement also stipulates that if the court agrees to lift the ban, the parties will withdraw the cross-appeal currently being heard by the Second Circuit Court of Appeals. The SEC emphasized that the settlement is intended to promote the reform of its کرپٹو regulatory framework, rather than an endorsement of the substantive claims of the case, and does not constitute a precedent for other cases.

The New York Times: Trump to announce trade deal with UK

According to the New York Times, three people familiar with the matter revealed that President Trump is expected to announce a US-UK trade agreement on Thursday. This will be the first agreement reached since he imposed high tariffs on many countries. Trump announced a major trade deal on social media on Wednesday, but did not specify the target. The details of the agreement have not yet been announced. The two sides have discussed reducing UK tariffs on US cars and agricultural products and eliminating taxes on US technology companies.

Fed mouthpiece: Fed in no rush to cut rates in response to Trumps tariffs

Nick Timiraos, the Federal Reserve mouthpiece, analyzed that Federal Reserve Chairman Powell downplayed expectations of alleviating the economic weakness that may be caused by Trumps tariffs through interest rate cuts. Powell frequently used the word wait at the press conference, emphasizing that the Federal Reserve is not in a hurry to take action.
Timiraos believes that Trumps trade policies have led to a divergence in monetary policy between the United States and other economies. Other economies have not significantly increased import tariffs and are facing problems with weak demand and employment, rather than the price pressures that the United States may face. In addition, given that the United States has just experienced high inflation, the Federal Reserve is reluctant to risk preemptively cutting interest rates to support slowing employment, fearing that it will exacerbate inflation in the short term.
The Feds stance is thus different from that of central banks in Europe, Canada and the U.K. Powell has suggested the Fed would consider cutting rates only if it sees evidence of a significant slowdown in economic growth, and possibly quickly.

ریگولیٹری رجحانات

Coinbase releases over 10,000 pages of government correspondence, revealing that the SEC knew about the crypto regulatory gap

Paul Grewal, chief legal officer of Coinbase, posted on the X platform that Coinbase has made public more than 10,000 pages of regulatory documents obtained through the Freedom of Information Act (FOIA) in order to promote government transparency. He pointed out key materials including the SECs internal recognition of the crypto regulatory gap in 2019, the New York Attorney Generals request to the SEC in 2023 to support the claim that ETH is a security, and the SECs inability to view Coinbases response video due to IT problems, emphasizing that this battle for information transparency is related to the right to know of the entire society.

انڈسٹری نیوز

Bloomberg: G7 may discuss threats related to North Korea-backed crypto attacks in June

Bloomberg reported on Wednesday, citing people familiar with the matter, that the leaders of the Group of Seven (G7) may discuss the escalating threat posed by North Korean-backed cyberattacks and cryptocurrency thefts at the Canada summit next month. People familiar with the matter said that North Koreas use of cybercrime to fund the regime has raised serious alarms – White House officials previously revealed that North Korea is financing its military weapons programs through cryptocurrency robberies.
According to blockchain analysis company Chainalysis, North Korean hackers stole $1.34 billion in 47 attacks in 2024, accounting for 61% of the total amount of cryptocurrency stolen worldwide that year. The company pointed out that hacker technology is becoming more and more sophisticated, and it is becoming increasingly difficult to track stolen funds.

SlowMist releases Pectra upgrade (EIP-7702) security reminder, reminding users to be wary of cross-chain replay and delegate call risks

With the official launch of Ethereums Pectra upgrade (EIP-7702), SlowMist has issued a security reminder for users, wallet providers, developers, and centralized exchanges. Users are advised to pay attention to private key protection, cross-chain contract code differences, and delegated target risks; wallets should detect delegated chain information and prompt replay risks for chain ID 0; developers should avoid using tx.origin as a defense measure and ensure that the delegated target contract is compatible with mainstream tokens; CEXs need to track and check deposit transactions to prevent forged deposits.

U.S. initial jobless claims for the week ending May 3: 228,000

The number of initial jobless claims in the United States for the week ending May 3 was 228,000, compared with expectations of 230,000 and the previous value of 241,000.

پروجیکٹ نیوز

Binance Alpha Points: 150 points or more to get 512 SXT rewards

Binance announced that it will airdrop 512 SXT tokens to qualified users with Alpha points of 150 points. The airdrop will be issued within 10 minutes after the launch of SXT Alpha. At the same time, users with Alpha points between 66 and 149 points and Binance UID ending with 1 will have the opportunity to receive a lucky airdrop reward of 512 SXT.

Doodles: DOOD airdrop will start at 21:05 tonight, no manual claim required

The NFT project Doodles posted on the X platform that the DOOD token airdrop will be officially launched at 9:05 a.m. EST on May 9 (21:05 p.m. BJT on May 9).
The airdrop is divided into two phases. The first phase will give priority to registered Doodles Collectibles holders, which is expected to take 3-5 minutes; the second phase will give priority to New Blood members of the cooperative community, which is expected to take 15 minutes. Registered users and cooperative community members will automatically receive the airdrop without manual operation. In order to prevent fraud, the official contract address will be announced by the Doodles team when the transaction is open.

OX.FUN may have issued OX to 9.8 billion without being publicly disclosed, and the community questioned its potential liquidation or Rug behavior

Community user @oliversgriff disclosed that the OX.FUN platform may increase the total supply of its original OX tokens from about 4 billion to nearly 9.8 billion without any announcement. The change was confirmed by the official dashboard and Etherscan data, and the project has not made any public explanation so far. At present, the price of OX has not fluctuated drastically, but the market value has soared from less than 5 million US dollars to about 17 million US dollars.

Loopscale, the previously stolen lending protocol, will resume withdrawals tomorrow night

The Solana ecological lending protocol Loopscale, which was previously hacked, officially announced that it plans to resume withdrawals at 10:00 EST on May 9 (22:00 BJT on May 9). Although the protocol update patch has been audited, the initial 24-hour withdrawal amount for each user will still be limited: SOL deposit users can withdraw up to 2,500 SOL every 24 hours, USDC and USDG users can withdraw up to 500,000 USDC/USDG every 24 hours, and jitoSOL users can withdraw up to 500 jitoSOL every 24 hours.
According to previous news, Loopscale was hacked due to a security vulnerability last month, and about 5.7 million USDC and 1,200 SOL were stolen. After negotiations with the hackers, all the lost funds have been recovered.

Space and Time announces mainnet launch

Space and Time published a post on X announcing the launch of the mainnet.
It is reported that Space and Time is a blockchain supported by Microsoft for ZK verification data.

سرمایہ کاری اور فنانسنگ

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 Coinbases Class A common stock.

کردار کی آواز

CZ: Be cautious about the long-term value of TRUMP coins, market sentiment is still a big driving factor in the crypto market

CZ said in a podcast interview on Tuesday that TRUMP coin is an interesting phenomenon. I think its emergence reflects a feature of the crypto market, which is that it responds very quickly to hot events and celebrity effects. Trump is a very controversial figure, and his name alone can attract a lot of attention. So, the popularity of this token is to some extent expected.
However, from an investment and long-term value perspective, I would be more cautious. A lot of these types of tokens are based more on hype than real technological innovation or fundamental support. I think it’s important for investors to distinguish which projects have real potential and which are just short-term hype. The crypto market has matured a lot, but this celebrity-related token craze also reminds us that market sentiment is still a big driver.”
In addition, CZ said that the news cycle often has a certain impact on the rise and fall of tokens. Especially for those who are new to the industry, they may feel that the crypto market is more like a speculative place rather than a technology-driven ecosystem. But on the other hand, this also illustrates the inclusiveness of the crypto market – anyone can participate and any idea can be tried. This is both its advantage and its challenge.

Real Vision Co-founder: Bitcoins market share may have peaked, and it may be time to pursue higher risk-returns

Raoul Pal, co-founder and CEO of Real Vision, said that Bitcoin market dominance (BTC Dominance) may have peaked today. The reason is that the DeMark indicators at the daily, weekly and monthly levels all showed top signals, and this high point was significantly lower than the top of the 2021 cycle, and the 2021 high point was lower than the top of the 2017 cycle.
Pal added that if this judgment is correct, it will be a landmark signal that the market has entered the next stage of the so-called Banana Zone (referring to the high-risk and high-return stage).

Crypto KOL: A user-written t 3 rn script is suspected to contain a backdoor, and the private key may be silently sent to Telegram

Crypto KOL @Xuegaogx disclosed that the t 3 rn script released by X user @hao 3313076 is suspected to have a backdoor risk. Combined with the private key input call logic, the users private key can be silently sent to the account with ID 5963704377 through the Telegram API. This function conceals the real behavior by disguising the log output as a configuration record, and the actual content contains the plaintext private key.

Analyst: Fed may delay rate cut due to tariff risks

UOB economist Alvin Liew said the Federal Reserve may delay rate cuts due to tariff risks. Fed Chairman Jerome Powell said central bank officials are in no rush to adjust interest rates because the cost of waiting is quite low, the economist said. With the Fed still signaling patience even as it intensifies its warnings about the risks of rising inflation and unemployment from US tariffs, UOB continues to see three rate cuts of 25 basis points each in 2025. UOB is pushing back its expected timeline to meetings in September, October and December, the economist said. UOB still sees two rate cuts in 2026, which would mean the federal funds rate would fall to 3.25% next year.

This article is sourced from the internet: 24H Hot Coins and News | Bitcoin market value returns to above $2 trillion; Fed in no rush to cut interest rates in response to Trumps tariffs (May 9)

Related: After the huge amount of unlocking, Solana hopes to suppress the selling pressure through this plan

Original | Odaily Planet Daily ( @OdailyChina ) Author: Azuma ( @azuma_eth ) Due to multiple reasons, Solana (SOL), which was once highly anticipated by the market, has performed poorly recently. The reasons are: first, the overall market has experienced a severe correction; second, the meme market has stalled, resulting in a decrease in the demand for SOL; third, SOL has experienced the largest token unlocking in history on March 1 – the unlocking chips came from FTXs bankruptcy auction, and the buyers were Galaxy, Pantera Capital, Figure and other institutions participating in the bankruptcy auction. The total unlocking scale was approximately 11.2 million SOL, accounting for 2.4% of the circulating supply. However, looking around the social media updates of the top KOLs in the Solana ecosystem, it seems that…