Selected News
Raydium LaunchLab graduates over 198 tokens in 24 hours, surpassing Pump.fun
Binance Alpha's trading volume exceeded $590 million yesterday, setting a new historical high
U.S. pre-market crypto stocks rise, Coinbase jumps 9.76% after being added to the S&P 500
Metaplanet's Bitcoin holdings per share increased by 170% year-to-date
Trending Topics
Source: Overheard on CT (tg: @overheardonct), Kaito
PUMP: Today's discussions around PUMP focus on the platform's new creator revenue sharing model, which allocates 50% of PumpSwap's revenue to token creators, sparking mixed reviews. Some users criticize this move as insufficient and potentially misleading, while others see it as a positive step towards rewarding creators. The platform faces competition from emerging rivals like LetsBONKfun and Raydium, which are quickly capturing market share. Additionally, concerns about PUMP's sustainability and potential regulatory challenges in the U.S. are also being discussed, along with debates about the platform's impact on the memecoin ecosystem.
COINBASE: Coinbase made headlines today as it replaced Discover Financial Services to become the first cryptocurrency company added to the S&P 500 index. This milestone is viewed as a significant achievement by the entire cryptocurrency community, marking a new era of cryptocurrency integration into mainstream financial markets. The announcement sparked widespread discussion on Twitter, with many emphasizing that this inclusion will increase institutional investment in Bitcoin and other cryptocurrencies.
XRP: XRP has become the focal point of today's cryptocurrency discussions, primarily due to its significant market volatility and strategic developments. XRP has surpassed USDT to become the third-largest cryptocurrency by market capitalization, generating excitement and speculation about its future potential. The surge in XRP's price and market cap is attributed to increased attention from institutional investors, the establishment of strategic partnerships, and its role in the evolving crypto ecosystem. Furthermore, the integration of XRP with various financial systems and its potential as a macro asset class are being highlighted as key factors driving its current momentum.
DYDX: Today's Twitter discussions about DYDX mainly revolve around the dYdX Yapper leaderboard launched by KaitoAI, which will reward top contributors with $150,000. The leaderboard aims to identify the most active participants in the dYdX community, with rewards distributed over three quarters. This initiative has garnered significant attention, with many users discussing the potential benefits of the leaderboard and its impact on the dYdX ecosystem. Additionally, the migration of ethDYDX to the native DYDX on the dYdX chain and the historical significance of the DYDX airdrop were also mentioned.
Featured Articles
On May 13, on-chain data analyst Adam posted on X, showing Dune panel data indicating that in the past 24 hours, Raydium's token issuance platform LaunchLab (including third-party issuance platforms built on LaunchLab like Letsbonk.Fun) graduated 198 tokens, surpassing Pump.fun's token graduation count of 171. Adam commented that this is the first time in history that Pump.fun has encountered real competition.
On May 12, 2025, the U.S. SEC held a roundtable meeting for its crypto task force in Washington, D.C., themed "Tokenization: On-chain Asset Transfers, the Intersection of Traditional Finance and Decentralized Finance." SEC Chair Paul S. Atkins delivered a speech centered on "Tokenization."
On-chain Data
On-chain capital flow situation on May 13
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