1. PEPE breaks through $0.000016 to set a new high, surpassing Matic in market value to become the 21st largest token
Meme coin PEPE can be said to be the hottest discussion focus in the market recently. The price of the coin has increased by as much as 130% in the past month, making it the best performing project among the top 100 cryptocurrencies.
And it has been setting new historical highs in the past week, 13..14..15... This morning it once again set a new historical high of over 0.000016 US dollars. At the time of writing, it was temporarily reported at 0.00001645 US dollars, up 7.8% in the past 24 hours.
The market value exceeds Matic and becomes the 21st largest token
The token price continued to rise, bringing PEPE’s market value to $6.91 billion, successfully surpassing Polygon to become the 21st largest token by market value.
From the Meme coin classification in the figure below, we can also find that PEPE is the only one among the top five memes in terms of market value that has risen within 24 hours. However, investors should be reminded that PEPE has always been very volatile. If the buying volume declines, the price of the coin may fall like a roller coaster. Please be careful of the risks.
2. RWA concept coin ONDO surged 14 times from its low point! Is the tokenized note USDY better than the stablecoin?
Ondo Finance (ONDO) has recently risen more than 14 times since January (based on historical lows) due to the topic of RWA (real world assets). What does Ondo Finance do? How is the tokenized note USDY different from stablecoins?
Ondo Finance Introduction
The decentralized investment platform Ondo Finance was founded in 2021 by former Goldman Sachs employee Nathan Allman. With his understanding of traditional finance, he entered the RWA (real world asset) field in January 2023. According to Deflama data, Ondo Finance's TVL ranks third in the RWA field, with a TVL of US$464 million, and is issued on six chains: Ethereum, Solana, Mantle, Polygon, Sui, and Aptos.
3.Friend.tech intends to move out of Base chain, FRIEND plummets 20%! Huang Licheng loses $7 million
After Friend.tech, a decentralized social platform based on the Layer2 network Base, was officially launched in August last year, it quickly became popular due to its unique gameplay, airdrop expectations, and support from well-known venture capital firms such as Paradigm. However, this wave of enthusiasm subsided significantly in October last year. It was not until last month that it announced the upcoming launch of V2 and the opening of airdrop applications that it regained community attention.
However, it is worth noting that Friend.tech seems to want to migrate away from the originally deployed Base network for various reasons.
$FRIEND plunges 20%
Apparently affected by the news that Racer was preparing to move Friend.tech from Base, the token $FRIEND issued by Friend.tech once fell to $0.9115, and rebounded to $1.03 before press time, a drop of 20.67% in the past 24 hours.
Brother Maji loses $7 million
On the other hand, "Brother Maji", who has been paying close attention to the development of Friend.tech and is also the largest individual holder of $FRIEND tokens, suffered heavy losses in this incident.
According to statistics from on-chain analyst Yu Jin, Big Brother Machi has been buying $FRIEND since May 3, spending a total of 4,783 ETH (about $15.35 million) to buy 8.048 million $FRIEND, with an average purchase cost of $1.9 per coin. If calculated at $1.03 per coin before the deadline, Big Brother Machi has suffered a floating loss of $7 million.
4. Football star Cristiano Ronaldo joins hands with Binance to launch the fourth NFT series! Binance NFT market will be launched on the 29th
Legendary football star Cristiano Ronaldo revealed in a tweet a few days ago that he will cooperate with the exchange Binance to launch the fourth NFT series, which will be officially launched on the Binance NFT market on the 29th. However, the celebrity is facing a class action lawsuit of up to $1 billion due to his promotional cooperation with Binance.
Cristiano Ronaldo and Binance launch new NFT series
Ronaldo's tweet shows that his new NFT series with Binance will be launched on the Binance NFT market on May 29, aiming to celebrate his brilliant career.
5. Donald Trump: The United States must become a leader in cryptocurrency
According to The Block, US presidential candidate Donald Trump gave a speech over the weekend (5/25), saying that if he is elected, he will commute the sentence of Silk Road founder Ross Ulbricht, and mentioned cryptocurrency again. He declared on the social platform that "the United States must become a leader in this field, and is very positive and open to cryptocurrency companies and everything related to this industry."
Silk Road founder Ross Ulbricht's sentence commuted
Silk Road was once the most valuable e-commerce platform in the dark web. It was created by Ross Ulbricht in 2011. The website was taken offline by the FBI in 2013 for illegal activities, and Ulbricht was sentenced to life imprisonment without parole for conspiracy to commit crimes.
At the end of last year, a U.S. court decided to confiscate a huge amount of cryptocurrencies from Silk Road, including 69,370 bitcoins, as well as other cryptocurrencies BITCOIN GOLD (BTG), BITCOIN SV (BSV), and BITCOIN CASH (BCH).
According to a 2020 report by the US media Daily Beast, Trump had considered commuting Ulbricht's sentence or pardoning him before leaving office as president, but ultimately no action was taken.
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