SoSo Daily May 13 | The official X accounts of ZKsync and Matter Labs have both been hacked; users should be aware of the risks.

After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 06:00 on May 13, 2025, according to sosovalue, the top five gainers are:
Top 1 gainer is MuxyAI (MAI). As of 06:00 today, its market cap is 4.56M USD, with a coin price of 0.0064230 USD, witnessing a 24-hour increase of 1180%.
The second is Degen (DEGEN). As of 06:00 today, its coin price is 0.0071360 USD, with a 24-hour increase of 69.9%.
The third is BarnBridge (BOND). As of 06:00 today, its coin price is 0.36500 USD, showing a 24-hour increase of 42.1%.
In fourth place is Hippocrat (HPO). As of 06:00 today, its coin price is 0.074130 USD, with a 24-hour rise of 41.2%.
In fifth place is Definitive (EDGE). As of 06:00 today, its coin price is 0.099850 USD, increasing by 41.1% over the last 24 hours.




Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Wu said that ZKsync Developers tweeted that the official X accounts of ZKsync and Matter Labs have been hacked. Wu reminds users not to interact with these accounts or click on any related links.
Next news:New York City Mayor Eric Adams reiterated the goal of making New York a global cryptocurrency capital at a press conference held at Gracie Mansion. Adams emphasized focusing on the long-term value of crypto technology rather than chasing short-term trends and fads. He specifically mentioned the positive impact of cryptocurrencies and blockchain technology on underserved populations in traditional financial services within the city. New York City's Chief Technology Officer Matt Fraser pointed out that the benefits of blockchain technology extend beyond the financial system to include democratizing access to vital information such as birth and death records. The upcoming inaugural New York City Crypto Summit, scheduled for May 20th, is regarded as a significant event to promote the development of the city's crypto and blockchain industry. Adams pledged to collaborate with tech companies to create a favorable environment welcoming enterprises in crypto, blockchain, Web3, and fintech to grow in New York. Adams has been a long-term supporter of crypto assets, starting in 2022 to receive part of his salary in Bitcoin and Ethereum. Adams is currently running for re-election as an independent candidate for mayor in 2025, with five federal charges previously faced having been dismissed.
Next news:The official Trump memecoin contest has concluded, with 220 winners set to be notified for a chance to dine with the President, subject to a background check. Since its launch in January, the memecoin has experienced significant volatility, reaching a peak price of $73 and currently trading around $12.63. The dinner will be held at the Trump National Golf Club in Washington, D.C. Holders maintaining their ranks will also receive limited edition NFTs. Buyers spent approximately $148 million during the contest; some wallets made substantial profits, but most investors incurred losses. The project was launched by Fight Fight Fight LLC, and Senator Blumenthal has initiated an investigation into its potential legal issues.
Next news:

U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins announced the agency's new vision for cryptocurrency regulation, signaling a more crypto-friendly regulatory approach towards digital assets. Atkins outlined related plans at the SEC's fourth Cryptocurrency Working Group roundtable, emphasizing that policy-making will no longer rely on ad hoc enforcement actions but will establish standards suitable for market participants through existing rulemaking, interpretations, and exemptions. Atkins supports cryptocurrencies, believing digital assets hold enormous potential, and plans to collaborate with legislators to build a supportive regulatory framework. This stance sharply contrasts with that of former Chairman Gary Gensler's tougher approach. Atkins criticized the predecessor's "head-in-the-sand" strategy, stating that guidelines will be developed for securities or investment contract-related assets and that updates to custody rules will be considered to allow self-custody under certain conditions. Additionally, the SEC may explore the possibility of providing conditional exemptions for new products and services.

Next news:The list of the top 220 holders of the Trump Meme coin (TRUMP) has been released, and they will undergo background checks to apply for participation in a dinner and VIP event with President Trump on May 22. Data shows that these addresses collectively hold over 13.70 million TRUMP tokens, valued at approximately 174 million USD. Bloomberg previously pointed out that most token holders are likely located outside the United States, which may raise security and compliance concerns. (Cointelegraph)
Next news:Coinbase (COIN), the largest U.S. crypto exchange, will join the S&P 500 index, replacing Discover Financial Services. Following the announcement, COIN shares rose 8% in after-hours trading, trading around $226. Coinbase went public in April 2021 via direct listing on Nasdaq and has a market cap of about $53 billion. The listing will be effective before trading on May 19. Analyst Owen Lau predicted this move, maintaining a buy rating and raising the price target to $388. Coinbase met the S&P 500 earnings criteria despite volatile crypto market earnings, reporting $527 million adjusted net income in Q1 2025. The company recently agreed to acquire crypto derivatives exchange Deribit for $2.9 billion to expand its derivatives division. Other crypto-related firms like Block, PayPal, and Visa are also in the S&P 500, while MicroStrategy is not due to smaller market cap.
Next news:According to Wu Shuo, based on monitoring by Onchain Lens, a large whale has once again deposited 10 million USDC into HyperLiquid, increasing short positions on $BTC, $ETH, and SOL with 5x leverage. The total deposit amount has reached 50.50 million USDC, the short position value on $BTC exceeds 109 million USD, and the total value of all short positions exceeds 230 million USD.
Next news:Wu Shuo learned that Curve Finance tweeted that its official domain (curve.fi) is suspected to have been DNS hijacked again, and users may be redirected to malicious websites when accessing it, posing a risk of asset theft. This is the second attack on Curve within a week, as its official X (Twitter) account was also hacked on May 5.
Next news:Wu Shuo learned that Dubai Finance has signed a Memorandum of Understanding with Crypto.com, allowing users to pay government service fees using cryptocurrencies. This move aims to advance Dubai's cashless strategy and promote the development of digital payments. The agreement was signed during the FinTech Summit held at the Dubai International Financial Centre, where Crypto.com will provide technical support to convert payments into UAE Dirhams and transfer them into Dubai's treasury accounts.
Next news:Blockchain cloud computing company Nirvana Labs has completed a $6 million seed extension round, co-led by Jump Crypto and Crucible Capital, with participation from RW3 Ventures, Castle Island, and Hash3 VC, bringing its total funding to $11.80 million. The company offers computing services tailored specifically for the crypto sector. Unlike traditional cloud service providers that pool computing resources, Nirvana uses bare-metal infrastructure, with each server dedicated to serving a single client (Blockworks).

Okay that's all for today. Thank you for tuning in, and we hope you found it helpful. Visit sosovalue.com, our one-stop financial research platform for crypto investors, to stay abreast of the latest market trends and key information. Until next time, goodbye.