Important developments in the cryptocurrency world as of the morning of May 11, 2025:
Market Overview: * A generally positive atmosphere prevails in the cryptocurrency market. * Bitcoin is trading at $103,000. * Ethereum has gained over 10% in the last 24 hours, rising above $2,500. This is one of the biggest daily increases since May 8. * Most of the top 10 cryptocurrencies by market value are showing increases. Dogecoin (over 15%) and Avalanche (over 7%) are particularly notable. Notable Altcoin Movements: * Ethereum (ETH): Continues its strong rise. Positive expectations following the Pectra upgrade may be supporting the price. * EOS and Litecoin: Both gained around 10%. * Dogecoin (DOGE): It has become one of the largest-volume cryptocurrencies to rise the most in the last 24 hours. * Avalanche (AVAX) and Cardano (ADA): Both up over 7%.
Regulation and Institutional Interest:
* US Treasury Secretary criticizes Senate for not approving stablecoin bill GENIUS.
* Meta (Facebook) is reportedly considering stablecoin integration in payments after three years.
* BlackRock’s Bitcoin ETF breaks record for longest daily inflow. Bitcoin ETF also draws attention to quantum computer threat in its risk statement.
Other Notable News:
* Bitcoin tests highest levels since late January in anticipation of trade deal between UK and US.
* Doodles’ DOOD token suffers sharp loss after airdrop.
* There are reports that SEC will return $75 million in Ripple’s XRP case. General Situation: There is a general optimism in the cryptocurrency market. In particular, the strong rise in Ethereum and the significant movement in some altcoins are attracting the attention of investors. Developments in regulations and the interest of institutional investors continue to affect market dynamics.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Important developments in the cryptocurrency world as of the morning of May 11, 2025:
Market Overview:
* A generally positive atmosphere prevails in the cryptocurrency market.
* Bitcoin is trading at $103,000.
* Ethereum has gained over 10% in the last 24 hours, rising above $2,500. This is one of the biggest daily increases since May 8.
* Most of the top 10 cryptocurrencies by market value are showing increases. Dogecoin (over 15%) and Avalanche (over 7%) are particularly notable.
Notable Altcoin Movements:
* Ethereum (ETH): Continues its strong rise. Positive expectations following the Pectra upgrade may be supporting the price.
* EOS and Litecoin: Both gained around 10%.
* Dogecoin (DOGE): It has become one of the largest-volume cryptocurrencies to rise the most in the last 24 hours.
* Avalanche (AVAX) and Cardano (ADA): Both up over 7%.
Regulation and Institutional Interest:
* US Treasury Secretary criticizes Senate for not approving stablecoin bill GENIUS.
* LMAX Group’s Joel Kruger says Bitcoin trading above $100,000 strengthens investor confidence.
* Meta (Facebook) is reportedly considering stablecoin integration in payments after three years.
* BlackRock’s Bitcoin ETF breaks record for longest daily inflow. Bitcoin ETF also draws attention to quantum computer threat in its risk statement.
Other Notable News:
* Bitcoin tests highest levels since late January in anticipation of trade deal between UK and US.
* Doodles’ DOOD token suffers sharp loss after airdrop.
* There are reports that SEC will return $75 million in Ripple’s XRP case.
General Situation:
There is a general optimism in the cryptocurrency market. In particular, the strong rise in Ethereum and the significant movement in some altcoins are attracting the attention of investors. Developments in regulations and the interest of institutional investors continue to affect market dynamics.
#Launchpad Initial Offering PFVS