BAYC Floor Price Doubles to 10 ETH in One Month, Yuga Labs CEO Says Blue-Chip NFTs Are Oversold
May 10 — Bored Ape Yacht Club (BAYC) floor prices have doubled from ~5 ETH to 10 ETH over the past month, while its ecosystem governance token ApeCoin (APE) has surged from under $0.10 to ~$0.16 amid a sharp jump in trading volume.
Yuga Labs’ newly appointed CEO Michael Figge—who has held multiple executive roles at the firm since 2022 and took over the top job last month—stated blue-chip NFTs were clearly oversold in the digital asset space for a period. “Prices have seen significant compression, but overlaying the chart shows unique holder counts are actually rising,” he noted, adding NFT prices decoupled from user participation during the prolonged downtrend.
Some market participants cite growing DeFi sector pressure as another driver of renewed NFT demand: a spate of recent exploit events and falling lending protocol yields have shaken confidence in the space, coinciding with signs of revived NFT finance activity. Earlier last week, a $2.8 million CryptoPunks-backed loan went
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Amber Group's associated address withdrew $1.74 million worth of LAB from a Binance Wallet, and subsequently transferred it to Gate.
On May 10th, on-chain analyst Ai Auntie (@ai_9684xtpa) reported that an address tied to Amber Group withdrew 340,000 LAB (valued at $1.74 million) from a Binance Wallet an hour prior, then deposited the tokens into Gate.io. Since early May, LAB has surged 611% to $4.74, fully recovering from the dip following Zach’s bounty investigation.
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Altman: Gen Z and Millennials are turning to ChatGPT as their "life coach," while college students have adopted it as an operating system
May 10th, per a Fortune report: OpenAI CEO Sam Altman told an event hosted by Sequoia that Gen Z and Millennials are using ChatGPT as a "life counselor"—and American college students take it further, building complex workflows around the tool.
Altman noted young users treat ChatGPT like an operating system: they set up intricate configurations, connect it to files, jot down detailed prompts (or save them elsewhere), and rarely make a life decision without asking ChatGPT for guidance.
A 2025 OpenAI report adds that U.S. college-age young people are the most enthusiastic about ChatGPT compared to any other demographic or use case. Over a third of 18-24-year-olds use the tool, Altman explained, thanks to its ability to retain context from past conversations—remembering the people in a user’s life and all their prior chats.
People use ChatGPT for a range of consultations, from relationship advice to business and medical questions, with some even using it as an alternative to talk
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Polymarket Prediction: Probability of "Bitcoin Reaching $100,000 This Year" Rises to 49%
On May 10, as Bitcoin climbed above $80,000, the probability of it rebounding to $100,000 this year on Polymarket rose to 49%—up from 30% on April 5. Additionally, the odds of BTC hitting $90,000 within the year now stand at 71%, while the chance of it falling to $50,000 is 36%.
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Opinion: S&P 500 Still Has Upside Potential, But Downside Hedging Is Advised Now
**May 10**
Sonali Basak, Chief Investment Strategist at iCapital, told CNBC in an interview that the market still has room to climb, with the S&P 500 trading in a fair range of 7,500 to 7,800 points—though she emphasized the current phase calls for enhanced downside hedging.
Corporate earnings continue to grow, but there’s limited room for further multiple expansion, and the market faces elevated uncertainty in the second half of the year. Liquidity tailwinds that previously supported the rally are fading, including AI capital expenditures, large IPOs, government financing needs, and private credit competition—all of which could pressure the market.
The market’s tolerance range for the 10-year U.S. Treasury yield is roughly 4% to 4.5%, Basak noted. A rise to 4.8% would push it into a “danger zone,” where volatility and drawdown risks could spike sharply. She added bonds and commodities in the traditional 60/40 asset allocation haven’t effectively hedged risks, driving more inve
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