Headlines

Ethereum network gas fees are reduced to as low as 2 gwei

Etherscan data shows that today's Ethereum network gas fee was reduced to as low as 2 gwei, and is now quoted at 4 gwei.

Solana on-chain DEX volume surpassed the sum of 5 chains including Ethereum, BSC, and Arbitrum yesterday

According to DefiLlama data, the Solana on-chain DEX volume more than three times the previous day's pump on May 11, reaching $2.995 billion, jumping to the first place; More than Ethereum, BSC, Arbitrum, Base, Optimism and other five on-chain DEX volumes combined.

CME Fed Watch: 96.5% probability that the Fed will leave Intrerest Rate unchanged in June

According to CME "Fed Watch": the probability that the Fed will keep Intrerest Rate unchanged in June is 96.5%, and the probability of cutting rates by 25 basis points is 3.5%.
There is a 74.6% probability that the Fed will keep Intrerest Rate unchanged through August, a 24.6% probability of a cumulative 25 basis point of rate cuts, and a 0.8% probability of a cumulative 50 basis point rate cuts.

Solana on-chain DEX ranked first with a weekly volume of over $9.5 billion, with a 7-day increase of 26.26%

DeFiLlama data shows that Solana on-chain DEX ranked first with a 7-day volume of $9.533 billion, with a 7-day increase of 26.26%.
Ethereum on-chain DEX volume $9.325 billion in the past 7 days, a 7-day decrease of 28.12%.
BSC on-chain DEX volume $4.329 billion in the past 7 days, an increase of 6.67% in 7 days.
The volume of the Arbitrum on-chain DEX in the past 7 days was $2.838 billion, a 7-day decrease of 27.19%.
The volume of the Base on-chain DEX in the past 7 days was $1.608 billion, a 7-day decline of 33.55%.

Industry News

Bitcoin Volatility lower than TSL and Nvidia stocks, the future price may exceed $100,000

As of May 11, Bitcoin's annual Volatility is around 44.88%, which has fallen below well-known technology stocks such as TSL, Meta and Nvidia (whose annual Volatility exceeds 50%), marking its gradual emergence as a more mature and stable asset class.
According to a report by Fidelity Investments, Bitcoin's Fluctuation has fallen below 33 of the approximately 500 companies in the S&P 500 index, showing its stability.
In addition, the decline in Bitcoin's Fluctuation indicates a shift in investor sentiment in a positive direction, which may trigger a sharp price pump. With the approval of long Bitcoin Spot ETF products in the United States, significant institutional investors are expected to join in the coming months. Robert Mitchnick, head of digital asset at BlackRock, noted that the coming months could see Bitcoin Spot ETF deals from sovereign wealth funds, pension funds and endowments, among others.
Institutional investors typically have strict Risk Management regulations, while low-Fluctuation asset classes are more in line with their investment strategies.
Scott Melker, an independent market analyst, said: "It's important to remember that it takes time; These companies are just beginning their due diligence...... The massive influx of institutional funds will push Bitcoin prices to all-time highs. Melker expects Bitcoin prices to pump up to the $100,000 to $150,000 range in the future due to expected ETF inflows. （Cointelegraph）

The Central Bank of the Philippines has approved PHPC, a peso-pegged stablecoin

The Bangko Sentral ng Pilipinas approves PHPC, a stablecoin pegged to the Philippine peso, aimed at facilitating cost-effective remittances.
Backed by cash and equivalents from Philippine banks, PHPC will initially be launched on the Coins.ph platform, with plans to expand to other platforms. PHPC will be a peso-supporting, retail-ready stablecoin that offers round-the-clock real-time trading. （Bitcoin.com）

Project News

LayerZero co-creators: At least 30,000 people have "exposed" themselves as witches

LayerZero co-founder and CEO Bryan Pellegrino replied to a community user in his official Telegram channel about "long few people admit to being witches", saying, "I had 30,000 people when I last checked, and now I should be a little more long." ”

The BounceBit Mainnet will launch tomorrow

BounceBit posted on social media that the Mainnet will launch tomorrow.
Previously, the BounceBit points Snapshot has been completed, and the Settlement phase will be conducted on the BounceBit Mainnet.

Characters* Voices

Former president of PayPal: All companies end up using Bitcoin Lighting Network Settlement transactions

David Marcus, former president of PayPal and current CEO of Lightspark, said that every company in the world will eventually use Bitcoin Lighting Network to Settlement transactions. （Bitcoin Magazine）

Survey: Some see tech stocks such as Nvidia as an inflation-safe haven comparable to gold

According to a new survey by Bloomberg Markets Live Pulse, some respondents said the largest longest tech stocks in the U.S. are not just bets on innovative industries, but could be a hedge against inflation.
Forty-six per cent of respondents said gold, which has been a safe-haven option for decades, is still seen as the best protection against pumping prices. But nearly a third said tech giants were their top pick.
The reaction underscores the leading role played by companies such as Nvidia, Amazon, and Meta in the U.S. financial markets as they expand their influence in key sectors of the U.S. economy. This allows them to generate consistent profits, triggering rebounds and giving investors confidence that they will continue to be a source of steady income. [Bloomberg]

Investment and financing

AI Integration Decentralized Finance Platform 0x Gen Completes Strategic Financing

StakedGain, a longest stake platform, announced the completion of a $500,000 seed round of financing, and investor information has not been disclosed.
StakeGain currently supports more than 10 Blockchain, including EVM-compatible chains and Layer 2 solutions, to help users achieve cross-chain Decentralized Finance stake and improve Liquidity efficiency. （Accesswire）