Bitcoin’s chilling at $104K while the meme coin casino is back in business.
Every day brings another token hitting million-dollar market caps. It’s like 2021 all over again, except this time everyone’s pretending they know what they’re doing.
The market feels surprisingly stable. But that’s crypto for you – making perfect sense until it doesn’t.
But enough about market movements for now – let’s get you caught up on CMC Launch.
So what’s actually moving the needle today? Here’s your rundown of the top crypto headlines:
- Court blocks Ripple-SEC settlement deal over filing errors, with $125M still in escrow. Will XRP price suffer from more regulatory delays?
- A real estate software company just invested $107M in Solana and partnered with BONK, sending their stock up 2,800% since the pivot. What’s in it for BONK?
- Binance Wallet hit $2.9 billion in trading volume while OKX managed $68 million and Phantom did $21 million. What’s driving this massive trading surge?
- Ethereum transaction fees dropped to $0.03, finally matching Solana’s costs for the first time. Will cheap fees finally encourage Solana users to go for Ethereum?
- Cathie Wood predicts Bitcoin could reach $1.5 million by 2030, with a base case of $700K-$750K. What catalysts did she claim could push the price to these levels?
- Solana’s ecosystem revenue hit $1.2 billion this quarter despite SOL crashing 30% from $295. What contributed to this surge in revenue?
Let’s dive in after the market overview!
This Company Just Went All-In on Solana
A company that used to sell real estate software just bought $107 million worth of SOL tokens and partnered with BONK.
DeFi Development Corp jumped 30% after announcing they’re teaming up with the meme coin to run a Solana validator together.
The company picked up another 16,447 SOL tokens at $139.66 each – below market price.
Since pivoting from real estate to Solana, their stock has exploded over 2,800%.
What’s in it for BONK? Read the full story!
Binance Wallet Hits Nearly ATH Volume
According to Dune Analytics, Binance Wallet hit $2.9 billion in trading volume on May 17.
OKX wallet managed $68 million. Phantom did $21 million. Binance? Nearly three billion.
What’s driving this massive trading surge? Read the full story!
Ethereum Fees Just Became Basically Free
Ethereum transaction fees dropped to $0.03.
Transactions that cost $50 during network congestion now cost three cents. This puts Ethereum’s fees on par with Solana for the first time.
Will cheap fees finally encourage Solana users to go for Ethereum? Read the full story!
Cathie Wood Predicts Bitcoin Will Hit Seven Figures
Cathie Wood says Bitcoin could reach $1.5 million by 2030.
Her base case prediction is $700,000 to $750,000. The $1.5 million represents the bull scenario.
Over 1 million Bitcoin tokens remain unmined.
What catalysts did she claim could push the price to these levels? Read the full story!
Solana Revenue Exploded Despite Price Crash
Solana’s ecosystem revenue hit $1.2 billion this quarter, up 20%.
SOL touched $295 before dropping 30%, but fundamentals remained strong.
January generated $698.6 million in revenue, mostly from memecoin trading. Stablecoins on Solana exploded 145% to $12.5 billion, making it the third-largest stablecoin platform.
Why did SOL crash despite record revenue? Read the full story!
