BAYC Floor Price Doubles to 10 ETH in One Month, Yuga Labs CEO Says Blue-Chip NFTs Are Oversold
May 10 — Bored Ape Yacht Club (BAYC) floor prices have doubled from ~5 ETH to 10 ETH over the past month, while its ecosystem governance token ApeCoin (APE) has surged from under $0.10 to ~$0.16 amid a sharp jump in trading volume.
Yuga Labs’ newly appointed CEO Michael Figge—who has held multiple executive roles at the firm since 2022 and took over the top job last month—stated blue-chip NFTs were clearly oversold in the digital asset space for a period. “Prices have seen significant compression, but overlaying the chart shows unique holder counts are actually rising,” he noted, adding NFT prices decoupled from user participation during the prolonged downtrend.
Some market participants cite growing DeFi sector pressure as another driver of renewed NFT demand: a spate of recent exploit events and falling lending protocol...
May 10 — Bored Ape Yacht Club (BAYC) floor prices have doubled from ~5 ETH to 10 ETH over the past month, while its ecosystem governance token ApeCoin (APE) has surged from under $0.10 to ~$0.16 amid a sharp jump in trading volume.
Yuga Labs’ newly appointed CEO Michael Figge—who has held multiple executive roles at the firm since 2022 and took over the top job last month—stated blue-chip NFTs were clearly oversold in the digital asset space for a period. “Prices have seen significant compression, but overlaying the chart shows unique holder counts are actually rising,” he noted, adding NFT prices decoupled from user participation during the prolonged downtrend.
Some market participants cite growing DeFi sector pressure as another driver of renewed NFT demand: a spate of recent exploit events and falling lending protocol...
Pakistan has conveyed Iran's response to the United States.
May 10 (FXStreet) — A Pakistani diplomatic source confirmed Wednesday that Iran’s response to the United States has been relayed to Washington shortly after the source received it.
Earlier, the Islamic Republic News Agency (IRNA) reported Iran sent its reply to the U.S. peace proposal through Pakistan. Under the proposal, ongoing negotiations are focused on ending the war.
May 10 (FXStreet) — A Pakistani diplomatic source confirmed Wednesday that Iran’s response to the United States has been relayed to Washington shortly after the source received it.
Earlier, the Islamic Republic News Agency (IRNA) reported Iran sent its reply to the U.S. peace proposal through Pakistan. Under the proposal, ongoing negotiations are focused on ending the war.
Iran's response to the U.S. proposal text focuses on ending all wars and particularly Lebanon
On May 10th, Iranian state media reported that Iran’s response to the U.S. proposal centers on ending all-out war—especially in Lebanon. (Forex)
On May 10th, Iranian state media reported that Iran’s response to the U.S. proposal centers on ending all-out war—especially in Lebanon. (Forex)
Trader Says Bitcoin's Fall Is Not Over Yet, Will Test $75,000 Support Level
May 10th
After a relatively stable weekend, Bitcoin’s price trended higher, steering clear of a drop back below $80,000. However, it failed to hold gains after rising to nearly $83,000 midweek—and traders are reiterating that BTC needs to retest its support level.
Notably, the “Bull Market Support Band” (two moving averages below $80,000) is drawing attention. Analyst Cryptic Trades noted: “On lower timeframes, following a rejection at the higher-timeframe resistance zone, I think a short-term retracement to the 2-day bull market support band— a key reversal zone over the past few months— is the most likely outcome.” He added: “As long as price holds above this band and the broader higher-timeframe support zone (around $75,000), further upside remains the base case.” Trader Daan Crypto Trades agrees, labeling the initial support band breakout as...
May 10th
After a relatively stable weekend, Bitcoin’s price trended higher, steering clear of a drop back below $80,000. However, it failed to hold gains after rising to nearly $83,000 midweek—and traders are reiterating that BTC needs to retest its support level.
Notably, the “Bull Market Support Band” (two moving averages below $80,000) is drawing attention. Analyst Cryptic Trades noted: “On lower timeframes, following a rejection at the higher-timeframe resistance zone, I think a short-term retracement to the 2-day bull market support band— a key reversal zone over the past few months— is the most likely outcome.” He added: “As long as price holds above this band and the broader higher-timeframe support zone (around $75,000), further upside remains the base case.” Trader Daan Crypto Trades agrees, labeling the initial support band breakout as...
Saudi Aramco CEO: Global Oil Supply Reduced by Around 1 Billion Barrels Over Two Months
On May 10, Saudi Arabian Oil Company (Saudi Aramco) President and CEO Amin Nasser said global oil supply has fallen by approximately 1 billion barrels over the past two months.
In an interview with media that day, Nasser noted that even if energy flows return to normal, the system will still need time to stabilize.
Saudi Aramco emphasized that its East-West Pipeline is a vital supply artery, helping mitigate global energy shocks and offering assurance to customers impacted by shipping restrictions in the Strait of Hormuz.
(FX168)
On May 10, Saudi Arabian Oil Company (Saudi Aramco) President and CEO Amin Nasser said global oil supply has fallen by approximately 1 billion barrels over the past two months.
In an interview with media that day, Nasser noted that even if energy flows return to normal, the system will still need time to stabilize.
Saudi Aramco emphasized that its East-West Pipeline is a vital supply artery, helping mitigate global energy shocks and offering assurance to customers impacted by shipping restrictions in the Strait of Hormuz.
(FX168)
A whale exchanged 40 BTC for 1,384.6 ETH and subsequently transferred the funds using Tornado Cash
May 10 — Per Onchain Lens monitoring, a crypto whale swapped 40 BTC (≈$3.23M) for 1,384.6 ETH via Thorchain, then transferred the assets using Tornado Cash.
May 10 — Per Onchain Lens monitoring, a crypto whale swapped 40 BTC (≈$3.23M) for 1,384.6 ETH via Thorchain, then transferred the assets using Tornado Cash.
Trump: Did Not Say Hostile Actions Against Iran Have Ended
On May 10, U.S. President Donald Trump said, "I didn't say the hostile actions against Iran have ended, but I did say they have been defeated." (Source: FX168)
On May 10, U.S. President Donald Trump said, "I didn't say the hostile actions against Iran have ended, but I did say they have been defeated." (Source: FX168)
He Lifeng will lead a delegation to South Korea to hold economic and trade consultations with the US from May 12 to 13.
China, US to Hold Economic and Trade Negotiations in South Korea May 12-13
On May 10, a reporter asked about recent reports of upcoming China-US trade talks. The Chinese Ministry of Commerce responded that, as agreed by both sides, He Lifeng—CPC Central Committee Politburo member and Chinese Vice Premier—will lead a delegation to hold economic and trade negotiations with the US in South Korea from May 12 to 13.
The two sides will discuss trade issues of mutual concern, guided by consensus from previous leader-level meetings and important phone calls between the two countries.
(Source: Chinese Ministry of Commerce)
China, US to Hold Economic and Trade Negotiations in South Korea May 12-13
On May 10, a reporter asked about recent reports of upcoming China-US trade talks. The Chinese Ministry of Commerce responded that, as agreed by both sides, He Lifeng—CPC Central Committee Politburo member and Chinese Vice Premier—will lead a delegation to hold economic and trade negotiations with the US in South Korea from May 12 to 13.
The two sides will discuss trade issues of mutual concern, guided by consensus from previous leader-level meetings and important phone calls between the two countries.
(Source: Chinese Ministry of Commerce)
A newly created wallet withdrew 843 PAXG from Binance, worth $3.98 million.
On May 10th, per Onchain Lens monitoring data, a newly created crypto wallet withdrew 843 PAXG from Binance—with the assets valued at $3.98 million.
On May 10th, per Onchain Lens monitoring data, a newly created crypto wallet withdrew 843 PAXG from Binance—with the assets valued at $3.98 million.
Analyst: If the US insists on requiring Iran to ship out its highly enriched uranium or halt enrichment long-term, the US-Iran deal is unlikely to be reached
May 10 — Abbas Aslani, a senior research fellow at the Middle East Strategic Research Center, said Iran’s response to the U.S. proposal is “not a simple acceptance or rejection” — instead, it outlines Iran’s explanation and clarification of its position on the U.S. text. While Iran has shown greater flexibility, the nuclear issue remains the most challenging between the two sides. Iran has long been open to the International Atomic Energy Agency’s (IAEA) transparency and verification requirements.
If the two sides strike an initial peace deal, it could foster a positive atmosphere and act as a confidence-building step. However, if the U.S. persists in pushing demands like requiring Iran to send its highly enriched uranium to the U.S. or suspend enrichment activities...
May 10 — Abbas Aslani, a senior research fellow at the Middle East Strategic Research Center, said Iran’s response to the U.S. proposal is “not a simple acceptance or rejection” — instead, it outlines Iran’s explanation and clarification of its position on the U.S. text. While Iran has shown greater flexibility, the nuclear issue remains the most challenging between the two sides. Iran has long been open to the International Atomic Energy Agency’s (IAEA) transparency and verification requirements.
If the two sides strike an initial peace deal, it could foster a positive atmosphere and act as a confidence-building step. However, if the U.S. persists in pushing demands like requiring Iran to send its highly enriched uranium to the U.S. or suspend enrichment activities...
Bitcoin Surges Past $81,000
Bitcoin topped $81,000 on May 10—up 0.83% over the past 24 hours, per HTX market data.
Bitcoin topped $81,000 on May 10—up 0.83% over the past 24 hours, per HTX market data.
Michael Saylor: Yield Token Market Could Reach Billions of Dollars in the Coming Months
May 10th: Michael Saylor Touts STRC-Tied Yield Tokens, DeFi-BTC Integration
In an interview on May 10th, Michael Saylor named the integration of Bitcoin (BTC) with decentralized finance (DeFi) as one of the trends he’s most bullish on right now.
He noted yield-bearing tokens tied to STRC have surged recently, with some protocols seeing their total value locked (TVL) grow at a rate of $1 million per hour.
Saylor added DeFi platforms are already offering 8-11% yield products linked to STRC, and amplifying those returns further with 3x to 5x leverage. He expects the yield token market to evolve into a multi-billion-dollar industry in the coming months.
Additionally, he revealed STRC’s current Sharpe ratio stands at 2.5—higher than most traditional credit products, stocks, and hedge fund strategies.
“When you take...
May 10th: Michael Saylor Touts STRC-Tied Yield Tokens, DeFi-BTC Integration
In an interview on May 10th, Michael Saylor named the integration of Bitcoin (BTC) with decentralized finance (DeFi) as one of the trends he’s most bullish on right now.
He noted yield-bearing tokens tied to STRC have surged recently, with some protocols seeing their total value locked (TVL) grow at a rate of $1 million per hour.
Saylor added DeFi platforms are already offering 8-11% yield products linked to STRC, and amplifying those returns further with 3x to 5x leverage. He expects the yield token market to evolve into a multi-billion-dollar industry in the coming months.
Additionally, he revealed STRC’s current Sharpe ratio stands at 2.5—higher than most traditional credit products, stocks, and hedge fund strategies.
“When you take...
Bitcoin holds $80K into weekly close as traders say BTC price dip not yet over
Bitcoin avoided a weekend drop as $80,000 stayed in place, but traders saw BTC price action dipping below before continuing higher.
Bitcoin avoided a weekend drop as $80,000 stayed in place, but traders saw BTC price action dipping below before continuing higher.
Analyst: Bitcoin's current price surge is a rebound from a major correction, not the start of a new bull market
May 10th — CryptoQuant analyst Axel Adler Jr says he remains cautious on Bitcoin’s recent price action, framing the current uptick as a corrective rebound after a sharp drop rather than the confirmed start of a new bull market.
Adler noted Bitcoin’s recovery from $125,000 to $60,000 but emphasized key on-chain metrics haven’t hit levels seen at historical bear market bottoms. For example, long-term holder (LTH) holdings haven’t shown the typical accumulation pattern tied to market bottoms, and the market hasn’t undergone a full-scale spot sell-off or panic capitulation phase.
On the macro front, Adler pointed to mounting pressures: the U.S. Consumer Confidence Index has fallen to a historic low of 48.2, Brent crude hovers near $100 (fueling inflation fears), and the 10-year U.S. Treasury yield has climbed...
May 10th — CryptoQuant analyst Axel Adler Jr says he remains cautious on Bitcoin’s recent price action, framing the current uptick as a corrective rebound after a sharp drop rather than the confirmed start of a new bull market.
Adler noted Bitcoin’s recovery from $125,000 to $60,000 but emphasized key on-chain metrics haven’t hit levels seen at historical bear market bottoms. For example, long-term holder (LTH) holdings haven’t shown the typical accumulation pattern tied to market bottoms, and the market hasn’t undergone a full-scale spot sell-off or panic capitulation phase.
On the macro front, Adler pointed to mounting pressures: the U.S. Consumer Confidence Index has fallen to a historic low of 48.2, Brent crude hovers near $100 (fueling inflation fears), and the 10-year U.S. Treasury yield has climbed...
Iran's Response to US Plan Focuses on "Ending War and Maritime Security"
May 10 (Xinhua) — Iran has formally submitted its response to the latest U.S. proposal to end the war to mediator Pakistan, with the focus on ending the conflict and maritime security in the Persian Gulf and Strait of Hormuz, Iranian news agencies reported Wednesday.
Iran’s Student News Agency noted the response centers on those two key priorities. The Islamic Republic News Agency, citing an informed source, confirmed the response was submitted to Pakistan in its mediator role.
Pakistan’s Foreign Ministry spokesperson confirmed receiving Iran’s response on Wednesday and immediately forwarding it to the United States.
Current negotiations will fully focus on halting hostile actions in the region, per the reports.
May 10 (Xinhua) — Iran has formally submitted its response to the latest U.S. proposal to end the war to mediator Pakistan, with the focus on ending the conflict and maritime security in the Persian Gulf and Strait of Hormuz, Iranian news agencies reported Wednesday.
Iran’s Student News Agency noted the response centers on those two key priorities. The Islamic Republic News Agency, citing an informed source, confirmed the response was submitted to Pakistan in its mediator role.
Pakistan’s Foreign Ministry spokesperson confirmed receiving Iran’s response on Wednesday and immediately forwarding it to the United States.
Current negotiations will fully focus on halting hostile actions in the region, per the reports.
Analyst: ETH/BTC Exchange Rate Has Dropped Over 35% in the Past Year, Could Fall Another 40% Based on Current Pattern
May 10th — Analyst Yashu Gola noted the ETH/BTC exchange rate has fallen over 35% in the past year, with the current trend mirroring a bearish structure from 2024 to 2025, signaling potential further downside.
From a technical standpoint, the ETH/BTC pair has traded below a downtrend line since 2022, with multiple failed breakout attempts—one of which led to a nearly 70% drop afterward. In August 2025, it re-tested this trend line, hit resistance, pulled back, and dropped below the 20-month EMA support near 0.034 BTC, indicating sustained bearish dominance. If weakness persists, the next key downside level is around 0.0176 BTC—representing a 40% potential drop from current levels, matching the 2020 cycle low zone.
On-chain data shows ETH’s selling pressure risk is rising. CryptoQuant figures reveal that...
May 10th — Analyst Yashu Gola noted the ETH/BTC exchange rate has fallen over 35% in the past year, with the current trend mirroring a bearish structure from 2024 to 2025, signaling potential further downside.
From a technical standpoint, the ETH/BTC pair has traded below a downtrend line since 2022, with multiple failed breakout attempts—one of which led to a nearly 70% drop afterward. In August 2025, it re-tested this trend line, hit resistance, pulled back, and dropped below the 20-month EMA support near 0.034 BTC, indicating sustained bearish dominance. If weakness persists, the next key downside level is around 0.0176 BTC—representing a 40% potential drop from current levels, matching the 2020 cycle low zone.
On-chain data shows ETH’s selling pressure risk is rising. CryptoQuant figures reveal that...
「Binance Life」 has surged over 21% in the past 24 hours, with a market capitalization currently standing at $456 million.
On May 11, per GMGN market data (via https://gmgn.ai/bsc/token/im4TE56o80x924fa68a0fc644485b8df8abfa0a41c2e7744444), Binance Life—a meme coin built on the BSC ecosystem—has surged more than 21% over the past 24 hours. Its current market capitalization stands at $456 million.
On May 11, per GMGN market data (via https://gmgn.ai/bsc/token/im4TE56o80x924fa68a0fc644485b8df8abfa0a41c2e7744444), Binance Life—a meme coin built on the BSC ecosystem—has surged more than 21% over the past 24 hours. Its current market capitalization stands at $456 million.
SUI Surpasses $1.2, Up Over 18% in 24 Hours
On May 11, per HTX market data, SUI has topped $1.20 and is currently trading at $1.24, with a 24-hour price gain of over 18%.
On May 11, per HTX market data, SUI has topped $1.20 and is currently trading at $1.24, with a 24-hour price gain of over 18%.
Crypto Market Brief — 2026-05-10 (UTC)
The latest on-chain snapshot reveals a significant shift towards a more defensive posture in the cryptocurrency derivatives market.
Risk: liquidity and volatility can shift quickly between UTC snapshots.
Read on BPayNews
The latest on-chain snapshot reveals a significant shift towards a more defensive posture in the cryptocurrency derivatives market.
Risk: liquidity and volatility can shift quickly between UTC snapshots.
Read on BPayNews
BPay News
On-Chain Brief: Funding Pressure Builds as Positioning Shifts - BPay News
BPayNews On-Chain Intelligence: Defensive Positioning and Crowded Shorts EmergeThe latest on-chain snapshot reveals a significant shift towards a more defensive posture in the cryptocurrency derivatives market. Funding rates...
Crypto Market Brief — 2026-05-10 (UTC)
Funding drift moved further negative in the latest UTC snapshot (about -0.06%), while traders leaned more constructive.
Risk: Main risk: crowded positioning can unwind quickly and hit both sides.
Read on BPayNews
Funding drift moved further negative in the latest UTC snapshot (about -0.06%), while traders leaned more constructive.
Risk: Main risk: crowded positioning can unwind quickly and hit both sides.
Read on BPayNews