Rhythm Morning Report | Important News from Last Night and This Morning on May 22

Standard Chartered Executive: Bitcoin Expected to Hit New All-Time High This Weekend

BlockBeats News, May 22, according to The Block, Geoffrey Kendrick, Head of FX and Digital Asset Research at Standard Chartered, stated, "I expect Bitcoin to hit a new all-time high this weekend, surpassing the March 14 level of $73,798."

Geoffrey Kendrick added that renewed optimism around the potential approval of a spot Ethereum ETF this week has made him more confident in his Bitcoin price target, which is $150,000 by the end of 2024 and $200,000 by the end of 2025.

Cryptocurrency Fear and Greed Index Reaches 76, Extreme Greed Remains Unchanged from Yesterday

BlockBeats News, May 22, according to Alternative data, today's Cryptocurrency Fear and Greed Index is 76 (same as yesterday), indicating that the market's extreme greed sentiment remains unchanged.

Note: The Fear and Greed Index ranges from 0-100 and includes indicators such as volatility (25%), market volume (25%), social media buzz (15%), market surveys (15%), Bitcoin's dominance in the market (10%), and Google Trends analysis (10%).

Federal Reserve Governor Waller: May Consider Rate Cut by Year-End if Data Supports

BlockBeats News, May 22, Federal Reserve Governor Waller stated that a rate cut might be considered by the end of the year if the data supports it. (Jin10)

US SEC Signals Potential Approval of Spot Ethereum ETF Application

BlockBeats News, May 21, according to Reuters, signals from the US Securities and Exchange Commission (SEC) indicate that the regulator may be preparing to approve a spot Ethereum ETF application.

CNBC: Trump Campaign Team Begins Accepting Cryptocurrency Donations

BlockBeats News, May 22, according to CNBC, the Trump campaign team announced that it will start accepting cryptocurrency donations.

Trump supporters can donate using "any cryptocurrency accepted through the Coinbase Commerce product," according to a press release from his campaign team.

zkSync Ecosystem Meme Coins Surge, Cheems Up Over 42% in 24 Hours

BlockBeats News, May 22, according to market data, zkSync ecosystem meme coins have surged, including:

MEOW is currently priced at $0.0000157, up 29.06% in 24 hours;

Cheems is currently priced at $0.000000004426, up 42.01% in 24 hours;

ZORRO is currently priced at $0.001047, up 30.57% in 24 hours.

Whales Market Launches Token Issuance Platform whales.meme

BlockBeats News, May 22, according to official sources, Whales Market has launched the token issuance platform whales.meme, which is based on the Solana network. Users can securely launch tokens using gamified liquidity bootstrapping features in just a few seconds.

Previously, Whales Market founder Dexter stated on his social platform that the first meme coin, GMCAT, was launched on the whales.meme platform. This meme coin is fully decentralized and is being airdropped to gm.ai presale addresses and xWHALES holders.

Binance Labs Announces Investment in Aevo

BlockBeats News, May 21, Binance Labs announced an investment in Aevo, a high-performance L2 built on the OP Stack that allows perpetual trading, pre-launch futures, and options with a single margin account on the same platform.

This technical architecture operates as an off-chain order book and settles on-chain on Ethereum, using Celestia as a high-throughput DA layer for scalability.

Supported by Paradigm, Dragonfly, and Coinbase Ventures, Aevo is a rebranded version of the previous DeFi options protocol Ribbon Finance and was voted on in Ribbon Finance's RGP-33 governance proposal. In the next phase of growth, various DAO committees will launch new initiatives for incentives, token liquidity, and community development to attract more users and liquidity to the platform.

So far this year, Aevo's derivatives trading volume has exceeded $80 billion, generating over $30 million in fees, with an average of 50,000 monthly active users (MAU) on the platform. As part of its future roadmap, Aevo will launch vault strategies, yield products, and Aevo staking. It will allow developers to deploy their dApps on Aevo L2 without permission to leverage its growing user base and unique features, thereby expanding its derivatives ecosystem.

Decentralized Social Protocol Farcaster Completes $150 Million Financing, Led by Paradigm

BlockBeats News, May 22, according to official sources, the decentralized social protocol Farcaster has completed $150 million in financing, led by Paradigm, with participation from a16z crypto, Haun, USV, Variant, and Standard Crypto. The announcement stated that this year will focus on increasing daily active users and adding developer primitives to the protocol, such as channels and direct messaging.

BlockBeats previously reported in March that sources revealed Farcaster developer Merkle Manufactory was about to complete a round of financing led by Paradigm, with a valuation of approximately $1 billion.

Aevo Pre-Launch Listed on zkSync (ZK), Currently Priced at $0.6901

BlockBeats News, May 22, the options trading platform Aevo Pre-Launch is now listed on zkSync (ZK), currently priced at $0.6901.

Gala Games Announces Recovery of Funds Involved in Recent Security Incident

BlockBeats News, May 22, according to official sources, Gala Games announced that the funds involved in the recent security incident have been recovered and will be converted back to GALA using GalaSwap.

Additionally, a new governance proposal from the Gala community aims to temporarily deploy a GALA token contract upgrade and burn approximately 5 billion illegal GALA tokens generated from the recent unauthorized minting incident.

Coinbase to Launch Gold and Oil Futures Trading on June 3

BlockBeats News, May 22, according to an official announcement, the futures trading platform Coinbase Derivatives, regulated by the US Commodity Futures Trading Commission (CFTC), will launch retail-sized oil and gold futures contracts on June 3, aiming to provide a diversified market to facilitate price discovery and risk management.

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