The crypto market correction
BTC Dominance - 61.61%

Market Cap - $3.29T
BTC - $102,229.55 (-1.68%)
ETH - $2,438.76 (-3.12%)
XRP - $2.45 (+2.26%)
BNB - $645.52 (-1.69%)
SOL - $168.54 (-4.16%)
SUI - $3.87 (-6.35%)

https://dropstab.com

Coinbase to join S&P 500

Coinbase will replace Discover Financial Services in the S&P 500 effective prior to the opening of trading on Monday, May 19.
S&P 500 constituent Capital One Financial Corp. is acquiring Discover Financial Services in a deal expected to be completed soon, pending final closing conditions.

https://www.spglobal.com/spdji/en/documents/indexnews/announcements/20250512-1478052/1478052_dfs5.pdf

TRUMP Top Holders Dinner

Participants are selected, all TRUMP holders will receive NFTs.

https://x.com/GetTrumpMemes/status/1922004163980100077

New York Mayor Calls on Crypto Companies to Develop Business in the City, Announces First Crypto Summit

At a press conference on May 12, he invited crypto companies to open offices in the metropolis and announced Crypto Summit NYC, which will take place next week.

https://www.coindesk.com/policy/2025/05/12/new-york-mayor-eric-adams-to-crypto-industry-come-build-an-empire-in-nyc

Radiant DAO community releases a proposal to "compensate for losses caused by unlimited authorization vulnerabilities"

https://community.radiant.capital/t/feedback-104-survey-remediation-of-unlimited-allowance-exploit-losses/2222

Dubai Finance signs MoU with Crypto.com to enable cryptocurrency payments for government fees in pioneering global move

https://mediaoffice.ae/en/news/2025/may/12-05/dubai-finance-signs-mou-with-cryptocom

Hong Kong crypto investment company Animoca Brands is planning to go public in New York.

https://www.ft.com/content/cebe6fb8-4aff-406e-8ece-ad131306f858

Yakovenko: “There should be a meta blockchain. Post data anywhere, Ethereum, celestia, Solana, and use a specific rule to merge data from all the chains into a single ordering. This would actually allow the meta chain to use cheapest currently available DA offer.

Simple way to do this would be for the tx to reference the latest block headers from the potential DA layers. So MetaTX posted to Solana would included the last observed block form eth and celestia. This would mean it is guaranteed to be ordered after eth and celestia txs.”

https://x.com/aeyakovenko/status/1921938656924737602

curve.fi DNS might be hijacked. Don't interact.

https://x.com/CurveFinance/status/1922069785795342654

YZi Labs launches EASY Residence, its 10-week in-person program for top Web3, AI, and healthcare founders

YZi Labs will invest $500,000 in each accepted startup; this investment is divided into two parts:

1. $150,000 for 5% equity (plus other rights if applicable) in the form of a Simple Agreement for Future Equity (SAFE).
2. An additional $350,000 on an uncapped SAFE at your next round post Demo Day.

https://x.com/yzilabs/status/1922168564590772701

Aptos cofounder Mo Shaikh still owns ~98% of my APT tokens

https://x.com/moshaikhs/status/1921911934158324183

The HyperNode Network is live

https://docs.icn.global/icn-participation/stake-and-earn

Wormhole was selected as the official interoperability partner for the newly launched VanEck Treasury Fund, via its partnership with Securitize

As the interoperability provider, Wormhole will power VBILL’s multichain accessibility across the Avalanche, BNB Chain, Ethereum, and Solana blockchains, as well as any additional chains added in the future.

https://wormhole.com/blog/securitize-announces-wormhole-as-official-interoperability-provider-for-vaneck-vbill

Native USDC is now live on Sonic

https://x.com/circle/status/1922275647810052601

Binance has announced the 16th TGE on Binance  Wallet with Privasea (PRAI) via PancakeSwap

Subscription: May 14, 2025, from 10:00 to 12:00 UTC
Starting from this TGE, eligible users need to use Alpha Points to participate
Additional 40,000,000 PRAI for upcoming campaigns — details coming soon

https://x.com/BinanceWallet/status/1922279506146164772

Arbitrum plans to increase blockchain throughput by 100 times

https://blog.arbitrum.io/scaling-arbitrum-everywhere/

Securitize announced its first integration with BNB Chain to bring tokenized real-world assets to the blockchain

https://securitize.io/learn/press/Securitize-Brings-Tokenized-Real-World-Assets-to-BNB-Chain

The crypto market is growing
BTC Dominance - 60.76%

Market Cap - $3.39T
BTC - $103,556.98 (+1.64%)
ETH - $2,641.64 (+8.75%)
XRP - $2.55 (+4.67%)
BNB - $660.35 (+2.68%)
SOL - $180.14 (+7.58%)
SUI - $3.97 (+3.13%)

https://dropstab.com

Crypto.com Reportedly Obtains Restricted Dealer Registration in Canada

https://www.crowdfundinsider.com/2025/05/239540-crypto-com-reportedly-obtains-restricted-dealer-registration-in-canada/

Thailand’s Finance Ministry plans to issue 5 billion baht (about $150 million) worth of a new digital investment token within two months

The so-called G-Token is a digital token used to raise funds from the public under the current budget borrowing plan, although it isn’t a debt instrument.

https://www.bloomberg.com/news/articles/2025-05-13/thailand-to-issue-150-milllion-in-government-investment-tokens