12 May 202516:01
Project update
Crypto Events Recap, May 11-12

Crypto Events Recap, May 11-12

  • Solana memecoin Moo Deng soared 533% over the past week, pushing its market cap to $242 million, as the broader crypto market rallied with Bitcoin up 10%.
  • BNB surges ~5% on strong volume, signaling institutional accumulation, and could target $750 as global economic tensions reshape crypto markets.
  • IOTA, jointly with World Economic Forum, Global Alliance, and other, launched the TWIN Foundation, designed to connect ecosystems through real-time data.
  • Strategy has acquired 13,390 BTC for ~$1.34 billion at $99,856 per Bitcoin, and now holds 568,840 BTC, purchased for a total of ~$39.41 billion at ~$69,287 per BTC.
  • Amber launches a $100 million Crypto Ecosystem Reserve powered by an AI-driven engine targeting BTC, ETH, BNB, SOL, SUI and XRP.
  • A Florida-based healthcare infrastructure firm will adopt XRP for payments and as a treasury reserve asset, supported by a $50 million credit facility.
  • Paradigm-backed Exponential has launched YO, a DeFi platform designed to optimize yield on Base, Ethereum and Solana.
  • Pump.fun has unveiled a revenue-sharing initiative that rewards token creators by returning a portion of transaction fees.
  • Tether to be brought under US jurisdiction, regardless of where it is based, according to newest version of stablecoin bill.
  • Backpack Exchange has announced that it will officially launch the withdrawal process for former FTX EU users.
  • Binance Alpha and Bithumb announced the upcoming listing of NEXPACE (NXPC) for trading on May 15.
  • BlackRock has filed to allow in-kind redemptions for its Ethereum Trust, enabling direct ETH buybacks.
  • Sonic Labs announces the completion of a $10 million strategic sale of its S tokens to Galaxy.
  • ICON (ICX) announced rebranding as SODAX (SODA), migrates DeFi infrastructure to Sonic.
  • Stablecoin transfer volume on Base hit about $3.81 trillion in Q1, setting a new all-time high.
  • BitcoinOS has announced the launch of the BOS token presale on the Sovryn Origins platform.

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