The British Museum collaborated with Asprey Studio to reinterpret the famous 1515 artwork "Rhinoceros" by German Renaissance artist Albrecht Dürer into 11 pure silver sculptures, ensuring provenance traceability through Bitcoin blockchain digital inscription technology. Coinbase agreed to pay 2.25 million USD to settle a class-action lawsuit for failing to clearly inform users about the free participation in the Dogecoin trading lottery held in June 2021. Cardano founder Charles Hoskinson announced the "Glacier Drop" airdrop plan for the privacy sidechain Midnight, distributing governance token NIGHT and privacy token DUST to 37 million users. Blockstream CEO Adam Back predicted that Bitcoin could rise to between 500 thousand and 1 million USD in this cycle. The Central Bank of Brazil proposed strict regulation of stablecoin transfers and is considering issuing the first RMB-denominated sovereign bond. U.S. White House official Bo Hines stated that Trump is expected to sign cryptocurrency-related legislation before August. The Pump.fun platform’s market share is being challenged by emerging platforms, with a significant decline in the daily share of “graduated” tokens. MetaMask co-founder said the team is still considering issuing a native token. JPMorgan completed the first tokenized U.S. Treasury bond transaction based on a public blockchain. Venture capital firm a16z Crypto led a 7 million USD seed round investment in blockchain ticketing platform KYD Labs. Trump stated he is a big fan of cryptocurrency. Binance Alpha launched Sudeng (HIPPO) and announced support for EOS token migration to Vaulta (A), involving adjustments across multiple product lines.

 British Museum Puts Dürer's Rhinoceros Sculpture on Bitcoin Blockchain
 According to Decrypt, the British Museum has collaborated with Asprey Studio to reinterpret the famous work "Rhinoceros" by German Renaissance artist Albrecht Dürer in 1515 into 11 sterling silver sculptures. Each sculpture will be sold with a digital inscription on the Bitcoin blockchain, using inscription technology to ensure the traceability of the source of the work. Ali Walker, chief creative officer of Asprey Studio, said that buyers will first receive a digital inscription certificate, and the sterling silver sculpture will take several months to customize. The production process of the 40-centimeter-high solid silver sculpture is complicated. The digital model must be divided and then welded into shape. Only a few craftsmen in the UK can complete this process. As a pioneer of the German Renaissance, Dürer had never seen a real rhino when he created his "Rhinoceros" print, and he only completed it based on a text description. Walker believes that if Dürer were alive, he would be very adaptable to the digital right confirmation method in the modern art circle. The British Museum has previously issued NFTs of artists such as Katsushika Hokusai through LaCollection, and has cooperated with The Sandbox to develop a metaverse experience. The digital inscription in this collaboration does not NFT the original work, but creates a blockchain certificate for the silver sculpture. The original sketch is still in the collection of the British Museum.
 Coinbase agrees to pay $2 million to end Dogecoin sweepstakes lawsuit
 According to Decrypt, cryptocurrency exchange Coinbase and marketing company Marden-Kane recently agreed to pay $2.25 million in settlement to settle a class action lawsuit that has lasted for many years. The lawsuit accused Coinbase of false advertising for not clearly informing users that they could participate for free in the Dogecoin trading sweepstakes held in June 2021. According to the settlement agreement, American users who traded at least $100 in Dogecoin during the event will receive compensation for the fees and spreads generated by their first transaction. Data shows that Coinbase earned approximately $1.3 million in fees from related transactions during the event. The lawsuit began in 2021, with plaintiff David Suski claiming that he did not discover the free participation clause of the event, which led him to trade through Coinbase even though he already held Dogecoin. The U.S. Supreme Court rejected Coinbase's request for compulsory arbitration last year.
 Cardano founder reveals details of privacy sidechain Midnight’s “Glacier Drop” airdrop plan
 According to CoinDesk, Cardano founder Charles Hoskinson announced the details of the "Glacier Drop" airdrop plan for the privacy sidechain Midnight at the Consensus 2025 conference. The plan will distribute governance tokens NIGHT and privacy tokens DUST to 37 million users of 8 mainstream public chains, explicitly excluding venture capital institutions, and all tokens are directly for ordinary users. Hoskinson also proposed a "collaborative economics" model, allowing developers to use native tokens such as ETH and SOL to pay for cross-chain applications, and validators can also earn income through cross-chain collaboration. The Midnight test network has been launched and the main network is expected to be launched at the end of 2025. This airdrop is seen as a strategic move to ease industry divisions and respond to the entry of technology giants.
 Blockstream CEO: Bitcoin could rise to $500,000 to $1 million in this cycle
 According to Decrypt, Adam Back, CEO of blockchain company Blockstream, said that considering the continuous inflow of institutional funds and the improvement of the policy environment, the current price of Bitcoin at $103,000 is significantly undervalued. He believes that in this cycle, Bitcoin may rise to $500,000 to $1 million. Back pointed out that the US Bitcoin spot ETF has attracted more than $41 billion in net inflows, coupled with the Trump administration's crypto-friendly policies, the market fundamentals are significantly better than in previous years.
 Brazil’s central bank proposes strict regulation of stablecoin transfers
 According to The Defiant, several Brazilian government sources familiar with the plan revealed that Brazilian government officials are considering issuing the country's first sovereign bond denominated in RMB. Currently, this move is still under consideration and no final decision has been made. The potential plan to issue RMB-denominated sovereign bonds will be a significant development in Brazil's financial strategy. At the same time, as part of the new cryptocurrency regulatory framework, the Central Bank of Brazil has proposed strict regulation of stablecoin transfers. These proposed rules include restrictions on sending stablecoins to wallets controlled by non-Brazilian entities, reflecting the country's tightening stance on domestic cryptocurrency transactions.
 White House official Bo Hines: Trump is still expected to sign cryptocurrency legislation before August
 According to CoinDesk, Bo Hines, executive director of the US Presidential Digital Asset Advisory Committee, said at the Consensus 2025 conference in Toronto that despite the uncertainty in the legislative process, Trump is still expected to sign the stablecoin and market structure bill before the August congressional recess. Hines said that the current negotiations are going well, but admitted that the details of the legislation are still being adjusted. In response to the conflict of interest questioning of the Trump family's involvement in the cryptocurrency business, Hines emphasized that it is a legal right for the president's children to participate in the capital market as private investors, and believes that digital assets represent the future direction of the financial industry. When asked about reports that a company purchased TRUMP coins, he made it clear that "the US president cannot be bought." In addition, Hines said that the White House and its working group members are still working on building a strategic Bitcoin reserve.
 Pump.fun’s dominance is threatened by emerging platforms, and the daily share of “graduated” tokens has dropped sharply
 Lookonchain cited Dune data and said that Pump.fun's dominance is being challenged by new platforms such as Letsbonk.fun, Believe and LaunchLab. Among the daily "graduation" tokens on the market, Pump.fun has dropped from 98% to 57.5%. Letsbonk.fun accounts for 17.9%, Believe accounts for 12.9%, and LaunchLab accounts for 5%. The most popular Meme coins (LAUNCHCOIN, GOONC, DUPE, Hosico, etc.) are all released on Letsbonk.fun or Believe.
 MetaMask co-founder says its team is still considering launching a native token
 According to The Block, Dan Finlay, co-founder of Ethereum wallet MetaMask, was asked in an interview on the "Crypto Beat" podcast whether to create a native MetaMask token. He responded: "Maybe, if a token is issued, it will be directly promoted in the wallet, and users can find the link directly in the wallet." Although MetaMask currently has no specific token issuance plan, Finlay believes that under the relatively loose supervision of the Trump administration, token issuance is safer. He hopes to take this opportunity to break boundaries and set a precedent. Finlay pointed out that securities laws are still securities laws, and many projects may still operate in a "gray area." He also worried that potential MASK tokens would be used by scammers, saying that relevant information would only be published in the wallet and on the official website. Since 2021, MetaMask has been discussing the issuance of a token tentatively named MASK, and ConsenSys CEO Joseph Lubin has also published a notice. In 2022, Lubin further explained the intention of issuing tokens and DAOs as part of the "progressive decentralization" plan. The DAO was described as a funding mechanism rather than a governance body, and made it clear that the token was not designed to “make a quick buck” and took steps to prevent it from being exploited by airdrop hunters.
 JPMorgan settles first tokenized U.S. Treasury bond trade on public blockchain
 According to Fortune, JPMorgan Chase completed the first settlement transaction of tokenized U.S. Treasuries on a public blockchain on May 14, marking an important step from a "walled garden" private chain to an open blockchain ecosystem. The transaction was provided by Ondo Finance, which provided a tokenized treasury product, and was realized through the oracle service provided by Chainlink. Previously, JPMorgan Chase's digital asset operations were mostly carried out on its private chain Onyx, and this transaction shows its strategic shift to a more open financial infrastructure. It is reported that the transaction was coordinated by Chainlink's off-chain operating environment (CRE) to achieve atomic settlement between the Kinexys payment network and the Ondo chain, marking the first expansion of Kinexys (JPMorgan Chase's blockchain platform) to collaborate with consortium chains and public chains.
 a16z Crypto Leads $7 Million Seed Round in KYD Labs to Drive Blockchain Ticketing Innovation
 According to CoinDesk, venture capital firm a16z Crypto led a $7 million seed round for blockchain ticketing platform KYD Labs. KYD is built on Solana and aims to empower artists and venues to control ticket sales, fan data and revenue, solving the problem of revenue loss caused by secondary market circulation. It is said that after using the KYD system, the ticketing revenue of the well-known New York venue LPR increased by 30%. KYD plans to expand to more than 100 US venues by 2026, and launch two tokens, $KYD and $TIX, to strengthen the community and financial foundation.
 Trump: I am a big fan of cryptocurrency
 US President Trump: I am a big fan of cryptocurrency.
 Binance Alpha Launches Sudeng (HIPPO)
 The APP page shows that Binance Alpha has launched sudeng (HIPPO).
 Binance will support EOS token swap and rename to Vaulta (A)
 According to the Binance announcement, the platform will support the 1:1 replacement of EOS tokens with new tokens Vaulta (A) and complete the brand reshaping. EOS-related trading pairs will be delisted at 11:00 (Beijing time) on May 26, 2025, and new trading pairs of A tokens will be launched at 16:00 on May 28, including A/BTC, A/ETH, etc. EOS recharge and withdrawal will be suspended at 11:30 on May 26, and A token recharge will be opened at 15:00 on May 28. After the replacement is completed, EOS withdrawals will no longer be supported, and the platform will automatically complete the technical processing. This change will affect multiple product lines such as spot, leverage, contracts, and wealth management, involving the delisting of trading pairs, contract settlement, loan liquidation, etc. Users need to handle related assets in advance to avoid losses.

Summary of Major Global Cryptocurrency and Blockchain Developments in Mid-May 2025