Meme Coin 'Hakimi' Daily Trading Volume Still Tops BSC Chain, Market Cap Maintains $18 million
May 18th: According to GMGN monitoring, on the BSC blockchain, the meme coin “Hakimi” saw a sharp surge yesterday, with its market capitalization peaking at over $22 million. Following Bitcoin’s ongoing decline, the token faced selling pressure and is now trading at roughly $18.4 million. It still holds a 23% gain over the past 24 hours, with $2.9 million in trading volume during that same period—making it the meme coin on the BSC chain with the highest daily trading volume.
BlockBeats reminds users that meme coins are extremely volatile, heavily driven by market sentiment and hype, have no real intrinsic value or practical use cases, and investors should be fully aware of the associated risks.
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Citrini: Investing in AI Infrastructure is Safer, Future Market Trends Are Hard to Predict
May 18th – Citrini Research, the organization behind the "AI Doomsday Report," has a new take on the future of AI: all current AI-related outcomes are highly uncertain, and their potential impact down the line could differ dramatically. A small assumption made today could steer us into a completely different world tomorrow, and this uncertainty spans not just hardware (like computing power, chips, and data centers) but even questions such as whether a severe memory shortage will hit in the next decade—there are two equally valid opposing arguments for each side of that question. Consumer AI use and the overall state of the AI market ten years from now are equally unclear.
For example: Anthropic could potentially dominate the full stack, from underlying infrastructure to top-layer application software, or major AI labs could get sidelined entirely—with real profits going to cloud providers, specific application developers, or even newcomers that haven’t emerged yet. Back in early 2023,
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A-share Storage Chip Sector Surges, with Deep-Tech and BoomChip Limited Hitting the Daily Limit
Market Update: May 18th
Per Bitget market data, China’s A-share storage chip sector registered gains today. Five stocks in the sector hit their 10% daily price limit (the standard cap for ordinary A-share stocks): Pocever (601133), Jacobi Tech (002409), Sanfu Stock (603938), Deep-Tech (000021), and Wanrun Technology (002654).
On the ChiNext (China’s Growth Enterprise Board) and STAR Market (China’s Science and Technology Innovation Board), Tongyi Technology (300302) surged 20%, while Datang Microelectronics (301666), Langji Technology (300042), and HuiCheng Technology (688403) rose over 10% each.
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Crypto Fear Index Drops to 28, Market "Fear" Sentiment Sharply Intensifies
On May 18, data from Alternative Data indicates that Bitcoin dropped below $77,000 early this morning, leading to today’s cryptocurrency Fear & Greed Index falling to 28—down from 48 last week—with the market’s "fear" sentiment intensifying sharply.
Note: The Fear & Greed Index operates on a 0–100 scale, calculated using six weighted components: Volatility (25%), Market Trading Volume (25%), Social Media Buzz (15%), Market Surveys (15%), Bitcoin’s Dominance (10%), and Google Trend Analysis (10%).
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Tom Lee: Oil Price Surge is Ethereum's Biggest Headwind, Structural Tailwinds to Drive ETH Outperformance in 2026
May 18th: Tom Lee, Chairman of BitMine—Ethereum’s largest treasury—weighed in on why Ethereum (ETH) has faced recent selling pressure, naming rising oil prices as the primary headwind. “ETH is showing its strongest historical negative correlation with oil right now,” Lee said, calling that the biggest drag on the crypto.
Over the past six weeks, as oil prices have climbed, ETH’s price has fallen. A related chart plots oil prices inversely: the higher crude goes, the more downward pressure ETH faces. That means once oil starts reversing and falling, ETH’s price should rally in turn.
Lee emphasized this is just short-term tactical market noise, not a lasting shift. He added ETH’s real long-term growth drivers are asset tokenization and agentic AI—two structural tailwinds that are already firmly in place. As a result, he projects ETH will deliver even stronger performance by 2026.
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South Korean Official: Virtual Asset Tax Should Be Enforced on Schedule Starting in January 2027
SEOUL, South Korea – Jeong Tae-ho, Secretary-General of the Finance and Economy Planning Committee of South Korea’s ruling Democratic Party, stated that virtual asset taxation was already delayed once, so it should be implemented as scheduled.
After the ruling party submits its Virtual Asset Taxation System Reform Bill, internal discussions will be launched, and feedback will be gathered to refine the system—aligning with the South Korean government’s policy to impose regular taxes on virtual asset transfers and leases starting January 2027.
A number of key Democratic Party figures have recently issued similar signals, creating a confrontation with the main opposition People Power Party. The People Power Party advocates abolishing the tax and has already submitted its own legislation on the issue.
The relevant bill is expected to enter formal discussions in the tax subcommittee after November this year, with a final conclusion slated for announcement by the end of the year.
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