1. South Korean cryptocurrency exchange Upbit announced that NXPC will be launched on the KRW, BTC, and USDT markets, with the specific trading time to be determined.
2. Abraxas Capital borrowed USDT to purchase Ethereum worth 561 million USD over the past week, significantly increasing its holdings.
3. The CEO of Pudgy Penguins revealed that the token generation event for Abstract Chain, an Ethereum Layer 2 network, is expected to be held in Q4 2025.
4. Two investor/institution addresses transferred approximately 11.65 million UNI to Coinbase Prime, valued at about 82.38 million USD.
5. Coinbase announced the upcoming launch of cbADA, cbDOGE, cbLTC, and cbXRP, which are bridged tokens based on the Ethereum Layer 2 network Base.
6. Nasdaq-listed company DeFi Development Corp spent 23.60 million USD to increase its SOL holdings to 596 thousand tokens, valued at approximately 102.70 million USD.
7. Twenty One Capital purchased Bitcoin worth 458.70 million USD, becoming the third-largest Bitcoin holder among listed companies.
8. The Ethereum price broke through 2700 USD, rising 5.31% that day.
9. U.S. President Trump stated at the MESA Investment Forum that the stock market will rise sharply.
10. Moonshot launched new tokens FITCOIN, Noodle, and gooncoin on the Solana chain, with market values of approximately 6.20 million USD, 14.60 million USD, and 27 million USD respectively.
11. The three major U.S. stock indices opened mixed; Coinbase stock price rose over 15%, expected to be added to the S&P 500 index on May 19.
12. Binance Wallet will host its 16th TGE project, Privasea, on May 14; users need to use Alpha points to participate.
13. VanEck launched the multi-chain treasury bond fund VBILL, supporting Solana, AVAX, BNB Chain, and Ethereum, providing 24/7 liquidity and real-time settlement.
14. U.S. April CPI data showed a year-over-year rate of 2.3%, a month-over-month rate of 0.2%, core CPI year-over-year at 2.8%, and month-over-month at 0.2%.
15. Binance Alpha launched Scallop and Redacted tokens; RDAC airdrop requires spending Alpha points.
16. Meso Finance announced its tokenomics model, allocating 3% of the total supply for airdrops, operating on the Aptos chain.

 Upbit to List NXPC in KRW, BTC, and USDT Markets
 PANews reported on May 14 that according to an official announcement, South Korean cryptocurrency exchange Upbit will launch NXPC in the Korean won, BTC, and USDT markets, and trading will begin at a later date.
 Abraxas Capital's ETH holdings in the past week have reached $561 million
 According to Lookonchain, Abraxas Capital borrowed USDT to buy more Ethereum. As of yesterday's monitoring, the price of Ethereum was $2,460, and now it has exceeded $2,700 - an increase of about 10%. In the past week, Abraxas Capital has purchased 242,652 ETH (worth $561 million).
 Pudgy Penguin CEO: Abstract Chain's TGE is expected to be held in Q4
 Pudgy Penguins CEO Luca Netz revealed in an interview that the token generation event (TGE) of Ethereum Layer2 network Abstract Chain is expected to take place in the fourth quarter of 2025.
 An investor/institutional address transferred 11.652 million UNI to Coinbase Prime, equivalent to approximately US$82.38 million
 According to on-chain analyst Ember’s monitoring, after 437,000 UNIs from the Uniswap Foundation address flowed into Binance, 25 minutes ago, two investor/institutional addresses that received UNI allocations from Uniswap in September 2020 transferred a total of 11.652 million UNIs (about 82.38 million U.S. dollars) to Coinbase Prime. This is the same recharge address used to transfer 9 million UNIs to Coinbase Prime half a month ago, so these UNIs are likely to belong to the same investor/institution.
 Coinbase announces launch of cbADA, cbDOGE, cbLTC, cbXRP
 According to official news, Coinbase announced that it will soon launch cbADA, cbDOGE, cbLTC, and cbXRP. They are not yet online or available, and will be officially launched at a later date. cbADA, cbDOGE, cbLTC, and cbXRP are Coinbase's bridged tokens, corresponding to the wrapped versions of Cardano (ADA), Dogecoin (DOGE), Litecoin (LTC), and Ripple (XRP), respectively. They are designed for Coinbase's Ethereum Layer2 network Base, and cbBTC has been launched before.
 DeFi Development Corp. spent $23.6 million to increase its SOL holdings, bringing its total holdings to 595,988
 According to Bitcoin.com, Nasdaq-listed DeFi Development Corp (formerly real estate software company Janover) announced that it had purchased 172,670 SOL tokens at an average price of $136.81 per token, for a total of approximately $23.6 million. This is the company's largest SOL token acquisition to date and the tenth purchase under its digital asset treasury strategy. After the completion of this transaction, the company currently holds a total of 595,988 SOL, including staking rewards, worth approximately $102.7 million. The newly purchased SOL will be held for a long time and pledged to multiple verification nodes, including the company's own SOL verification nodes, to generate income. The plan continues to update the dynamics of its treasury and investment strategy through public statements and regulatory documents.
 Twenty One Capital has purchased $458.7 million worth of Bitcoin
 According to The Block, Twenty One Capital (ticker CEP), a cryptocurrency investment company backed by Cantor Fitzgerald, Tether and SoftBank, has purchased 4,812 bitcoins worth $458.7 million, the first of many buy orders the company has committed to. A securities filing on Tuesday showed that stablecoin issuer Tether completed the purchase shortly after Twenty One Capital was established. The transaction is based on an agreement to use the total proceeds from subscription agreements related to the issuance of convertible bonds by publicly traded entities. The initial allocation, referred to in the "Initial PIPE Bitcoin" transaction, has been transferred to a wallet controlled by Tether. Upon completion of the business merger, Tether will sell the batch of bitcoins to the listed company for $458.7 million. Twenty One Capital was established through a SPAC merger with Cantor Equity Partners. At the time of its establishment, its balance sheet held $3.6 billion worth of bitcoins, making it the third largest bitcoin holder among listed companies.
 ETH breaks through $2,700, up 5.31% on the day
 The OKX market data shows that ETH has just broken through $2,700 and is currently trading at $2,702.00 per coin, with a daily increase of 5.31%.
 Trump: Stock market will rise sharply
 U.S. President Trump said in a speech at the "U.S.-Saudi Investment Forum" that the stock market will rise sharply.
 Moonshot launches FITCOIN ($FITCOIN)
 Moonshot announced the launch of FITCOIN ($FITCOIN) on the Solana chain. Its current market value is approximately US$6.2 million, and its 24-hour trading volume is US$12.1 million.
 The three major U.S. stock indexes opened with mixed gains and losses, and Coinbase rose by more than 15%
 At the opening of the U.S. stock market, the three major stock indexes rose and fell, with the Dow Jones Industrial Average down 0.4%, the S&amp;P 500 up 0.1%, and the Nasdaq up 0.2%. Nvidia (NVDA.O) rose 1.4%, and the U.S. media said that the United States will push Saudi Arabia to obtain artificial intelligence chips. Coinbase (COIN) rose more than 15%. This morning, it was reported that Coinbase will join the S&amp;P 500 index on May 19.
 Binance Wallet will launch the 16th TGE project on May 14: Privasea (PRAI)
 According to the Binance Wallet announcement, the 16th exclusive TGE will be held on May 14, 2025 from 18:00 to 20:00 (Beijing time), the project is Privasea (PRAI), and it will be conducted through PancakeSwap. From this time on, users need to use Alpha points to participate, and an additional 40 million PRAI will be used for subsequent activities. More details will be announced on the event page.
 Moonshot launches Noodle ($NOODLE) and gooncoin ($GOONC)
 Moonshot announced the listing of Solana chain new coin Noodle ($NOODLE). Its current market value is about 14.6 million US dollars, and its 24-hour trading volume is 33.4 million US dollars. In addition, Moonshot also listed Solana chain new coin gooncoin ($GOONC). Its current market value is about 27 million US dollars, and its 24-hour trading volume is 41.4 million US dollars.
 VanEck launches multi-chain Treasury bond fund VBILL, Wormhole provides cross-chain support
 VanEck, with an asset management scale of $120 billion, launched its first tokenized Treasury bond fund, VBILL, which has been launched on Solana, AVAX, BNB Chain and Ethereum. VBILL is tokenized by Securitize, with cross-chain interoperability provided by Wormhole, supporting 24/7 liquidity and real-time settlement, aiming to provide institutional investors with an on-chain alternative based on U.S. Treasury yields.
 The U.S. April unadjusted CPI annual rate was 2.3%, and the seasonally adjusted CPI monthly rate was 0.2%
 According to Jinshi.com, the U.S. April unadjusted CPI annual rate was 2.3%, expected to be 2.40%, and the previous value was 2.40%. The U.S. April seasonally adjusted CPI monthly rate was 0.2%, expected to be 0.30%, and the previous value was -0.10%. The U.S. April unadjusted core CPI annual rate was 2.8%, expected to be 2.8%, and the previous value was 2.8%. The U.S. April seasonally adjusted core CPI monthly rate was 0.2%, expected to be 0.30%, and the previous value was 0.1%.
 Binance Alpha Launches Scallop (SCA), Redacted (RDAC)
 The APP page shows that Binance Alpha has launched Scallop (SCA, Redacted (RDAC).
 Binance's upcoming RDAC airdrop requires a full 205 Alpha points, and claiming it will consume 15 Alpha points
 According to Binance's announcement, RDAC will be available for trading at 18:00 (Beijing time) on May 13, 2025, and will be launched on the platform for the first time. Eligible users can apply for 482 RDAC airdrops on the Alpha event page starting at 18:00 (Beijing time) on the same day. The application will consume 15 Alpha points and must be completed within 24 hours. Users with Alpha points of 205 or more, or points between 170 and 204 and the last digit of the UID is 7, can participate in the application.
 Meso Finance announces token economic model, 3% of total MESO supply used for airdrops
 Meso Finance, a DeFi protocol based on Aptos, announced the token economic model. The total supply of governance token $MESO is 1 billion, which will be used for community governance, incentive mechanism and platform decentralization. Token distribution includes 25% community incentives, 20% team, 20% marketing, 12% foundation, 10% seed round, 5% liquidity and public sale, and 3% airdrop. $MESO will run on the Aptos chain and support community voting on proposals such as new collateral assets, liquidity pool incentives and protocol upgrades. Airdrop snapshots have not yet been conducted.

Summary of Key Developments in the Cryptocurrency Market in Mid-May 2025