Key Market Intelligence on May 6th, how much did you miss?

Top News

1. Zerebro Co-founder Jeffy Yu Passed Away in May 2025 at the Age of 22

2. Possibly Influenced by Binance Listing, Fan-Coin ASR and ALPINE See Over 47% Surge in 24 Hours

3. TRUMP Project Team Generates Over $320 Million Revenue Through Fees

4. Vitalik: Ethereum Rollup Security Should Be Achieved in Three Phases, Progressing Towards Trustlessness

5. Japanese Actress Yua Mikami Meme Coin Official: Total MIKAMI Supply 69 Million, Token Smart Contract Soon to Be Released

Trending Topics

Source: Overheard on CT (tg: @overheardonct), Kaito

BOOPFUN: BOOP gained significant attention today due to an airdrop event and its listing on the Binance Alpha platform. The project distributed airdrop rewards to Kaito NFT holders and stakers, with the high returns surprising many users and becoming a hotly discussed topic in the community. BOOP's unique tokenomics design (including fee sharing with users through staking) is seen as a core differentiator from competitors like pumpfun. The community is actively discussing the project's potential to challenge existing platforms and its possible impact on the crypto ecosystem.

BNB: Today's BNB discussions revolved mainly around VanEck's submission of a spot BNB ETF application, sparking strong market attention as a potential catalyst for institutional investment. Additionally, Binance founder CZ's proposal for Kyrgyzstan to include BNB and Bitcoin in the country's national crypto reserves plan also generated discussions. The Binance Launchpool introduced the Space and Time (SXT) project, allowing users to mine SXT tokens by staking BNB, which was also a key topic. These developments collectively propelled BNB to be the focus of today's cryptocurrency space.

XRP: XRP's increased attention today is mainly due to two major developments: Ripple's commitment of $25 million in its RLUSD stablecoin to support U.S. educators, a charitable move that received widespread praise on Twitter; at the same time, the news of Ripple's failed acquisition of Circle sparked market discussions regarding its strategic positioning. The combination of philanthropic action and business developments has made XRP a significant topic in today's crypto community.

USDE: The USDE stablecoin has gained attention due to its integration with the HyperliquidX exchange and HyperEVM, providing daily rewards to HyperCore users. The USDE launched by Ethena Labs is seen as a strategic move aimed at creating a scalable yield-bearing dollar asset within the Hyperliquid ecosystem. However, there are concerns in the market regarding its centralized backing model and potential competition with Hyperliquid. The rapid adoption of this stablecoin in Pendle's liquidity pools and its high Total Value Locked (TVL) have been impressive, and its role in enhancing stablecoin diversification on HyperEVM is also being widely discussed.

MIOTA: MIOTA's today's buzz stems from the official launch of the IOTA Rebased mainnet, which introduces significant improvements such as Move smart contract functionality, a proof-of-stake mechanism, decentralized validator nodes, and more. The new mainnet promises faster transaction speeds, enhanced security, and developer tools, significantly boosting IOTA's competitiveness in the Layer-1 arena. The community is celebrating this milestone event, emphasizing the network's potential applications in real-world scenarios such as trade, logistics, and finance. The mainnet launch has sparked widespread discussions about IOTA's future development, its ability to attract developers and institutional adoption.

Featured Articles

1. "22-Year-Old Founder of $800 Million AI Project Commits Suicide, Leaving Behind a New Experiment?"

Jeffy Yu, the 22-year-old AI crypto project Zerebro founder, has reportedly died by suicide. His concept of "Legacy Coin" proposed during his lifetime has sparked discussions – developers create and lock tokens before their death, and their assets are permanently frozen after death to symbolize "digital immortality." The Zerebro project he led once had a market cap exceeding $800 million, and the token $LLJEFFY associated with him experienced a short-lived surge after the obituary was released. Jeffy, who possessed both technical talent and artistic pursuits, had explored the combination of AI with music and blockchain. Nevertheless, his social media and project accounts have been deleted, and the truth is yet to be verified. This incident reflects the crypto community's complex discussions on the value of life and digital inheritance.

2. "After the King of El Salvador signed, which U.S. states are “obediently” advancing the Bitcoin Strategic Reserve Act?"

Following former U.S. President Trump's signing of an executive order supporting Bitcoin, several states are advancing legislation to include Bitcoin in their strategic reserves, with varying progress. Utah has passed a bill but removed the Bitcoin investment provision, shifting towards digital asset protection; New Hampshire's bill is awaiting signature, aiming to allow 5% of public funds to be invested in digital assets; states like Texas are steadily advancing, targeting a scale of $500 billion; while states such as Arizona and Florida have failed to pass due to gubernatorial veto or legislative postponement. This trend reflects the divergent views of states on cryptocurrency as a reserve asset, with both proactive adopters and conservative states due to risk concerns.

On-chain Data

On-chain Fund Flow on May 6