Analyst: Bitcoin's SOPR has remained above 1 for 9 consecutive days, indicating continued profit-taking in the market
BlockBeats reported on May 11 that CryptoQuant analyst Oro Crypto (@oro_crypto) noted Bitcoin’s Adjusted SOPR (aSOPR) has reentered a critical structural zone. Since May 1, the metric has stayed above 1 for 9 straight trading days, signaling the market is continuing to see profit-taking sell-offs.
The aSOPR measures whether Bitcoin spent on-chain is sold at a profit or loss: a reading above 1 means spent BTC is, on average, sold for a profit; below 1 means sold at a loss.
What makes this signal notable is its persistence. The 9-day streak cuts through noise, showing a meaningful shift in market structure. The last comparable streak of consecutive profit-taking was Oct 19–Nov 4, 2025, when BTC also saw back-to-back on-chain profit sales. From a market structure standpoint, this suggests Bitcoin is absorbing profit-taking selling pressure, and the price structure hasn’t immediately deteriorated—reflecting solid market resilience.
This reading doesn’t necessarily signal a euphori
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Vitalik Officially Proposes Ethereum's Strategic Transformation: Making ZK Rollups the Next-Generation Global Digital Economy Standard
**May 11: Vitalik Calls ZK Payments Next Crypto Adoption Standard**
Ethereum co-founder Vitalik Buterin published a research paper on May 11, noting Zero-Knowledge (ZK) payments should be the next necessary standard for widespread crypto payment adoption. He emphasized crypto payments must shift from "pseudonymity" to "default privacy," particularly as we enter the "Age of Smart Contracts."
Vitalik argues blockchain’s "glass house" nature is the primary psychological and operational barrier to crypto replacing traditional fiat payment apps. He proposed replacing standard transfers with ZK-proof-based transactions—letting users prove payment validity without disclosing full balances or transaction history.
To solve the privacy paradox (autonomous AI smart contracts need to pay fees like large-model API credits without traceable marks), Ethereum’s Layer 2 solutions can process private payments at the same speed and cost as transparent transactions using recursive SNARKs and ZK A
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RWA Contract Q1 2026 Transaction Volume Reaches $524.7 Billion, a YoY Increase of 1666%
May 11 – CoinGecko data shows the total trading volume of Real World Assets (RWA) perpetual contracts hit $524.79 billion in Q1 2026, on track to more than double the full-year 2025 figure of $313.02 billion. This marks the fourth straight quarter of sequential growth, with quarterly volumes rising from $29.74 billion (Q1 2025) to $67.41 billion (Q2 2025), $77.00 billion (Q3 2025), and $138.87 billion (Q4 2025).
As of July 2025, commodities held 100% of RWA perpetual trading share, but their monthly volume has ranged between 69.7% and 95.3% over the past six months. Other asset classes are gaining traction: stock perpetuals’ market share climbed from 0.4% (Aug 2025) to 6.0% (Mar 2026), while ETF perpetuals rose from 2.8% (Oct 2025) to 5.3% (Mar 2026)—with most growth driven by SPY trading.
Hyperliquid’s HIP-3 product has seen its monthly RWA volume share jump from 2.8% (Oct 2025 launch) to 28.6% (Mar 2026). Notably, HIP-3’s volume surged from $12.65 billion (Q4 2025) to $130.87 b
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Binance Updates May Reserve Audit
Binance released its May Reserve Report on May 11, revealing that as of May 1, the exchange’s reserve ratios were: Bitcoin (BTC) 100.22%, Tether (USDT) 104.27%, Ethereum (ETH) 100.00%, and Binance Coin (BNB) 101.68%.
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Bitunix Analyst:Stronger-Than-Expected Payrolls Reinforce Higher-for-Longer Expectations as BTC Continues Testing the$80K Liquidity Zone
May 11th: U.S. April nonfarm payrolls rose by 115,000—well above market expectations of 62,000—while the prior reading was revised up to 185,000, underscoring the U.S. labor market’s resilience. Though May consumer sentiment dropped to historic lows, one-year inflation expectations unexpectedly eased, bolstering the market narrative of “slowing growth but persistent inflation.”
Federal Reserve officials have also struck a cautious tone. Chicago Fed President Goolsbee noted the labor market remains relatively stable, though inflation performance still falls short of expectations. Meanwhile, ECB President Christine Lagarde acknowledged central banks are currently caught between the risks of acting too soon and too late. Markets are increasingly pricing in a higher likelihood of a “higher-for-longer” rate environment.
On the geopolitical front, U.S.-Iran negotiations have yet to yield a meaningful breakthrough. Iran has formally rejected the latest U.S. proposal, though both sides c
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Tokenized Gold Q1 Trading Volume Reaches $90.7 Billion, Surpassing Full-Year Total for 2025
May 11th — CoinGecko data reveals tokenized gold spot trading volume reached $90.7 billion in Q1 2026, surpassing the full-year 2025 total of $84.64 billion.
This signals surging market demand: crypto investors are gravitating to this standout asset class, while tokenized gold has grown more accessible across trading platforms. Notably, centralized exchanges (CEX) account for the bulk of tokenized asset spot trading.
As of now, tokenized gold spot volume fluctuates monthly, reflecting high sensitivity to market conditions. For example, in October 2025—when gold prices hit a new all-time high—volume skyrocketed to $21.38 billion, more than three times September’s $6.73 billion, before dipping to $14.07 billion in November.
Like tokenized commodities market cap trends, PAXG and XAUT dominate tokenized gold spot trading. During the period, PAXG held 34.2% to 82.5% of monthly volume, while XAUT accounted for 14.8% to 64.6%. Over the past 15 months, their average monthly spot volum
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