The frenzy of on-chain speculation continues to heat up, with old meme coins and new algorithmic stablecoins dancing together.
May 10th
Market rebound drives continued on-chain activity growth. In the Solana ecosystem, OG meme coins TROLL and GIGA notched sharp gains, while Ethereum’s spotlight remains on tokens leveraging the Hook mechanism.
Per GMGN data:
- TROLL jumped 81.2% in the past 24 hours, with a market cap of $83.9M;
- GIGA saw a 49.8% 24-hour surge, with a market cap of $37.13M;
Meanwhile, Ethereum’s mainnet buzzes around Hook mechanism tokens.
Among these, newly launched LOOP quickly hit a $3M market cap before retreating to $2.55M. Notably, its key innovation lets users lend out idle ETH from Uniswap V4 liquidity pools—ETH previously only used as trading capital.
Leading token SATO neared its all-time high this morning, now with a $28.59M market cap and a 21.14% 24-hour gain.
16 minutes ago
Next Week Outlook: Key Diplomatic Talks on US-Iran, Russia-Ukraine Dynamics, and Jerome Powell Officially Assumes Fed Chairmanship
May 10th Brief:
Notable peace prospects have emerged in both the U.S.-Iran and Russia-Ukraine conflicts this week, sharply reducing geopolitical risks. Next week, watch closely for further de-escalation in both disputes.
### Key Macro Events (Next Week)
- **Monday**: Senate confirmation hearing for Fed Chair-designate Kevin Wash (expected to take over from Jerome Powell on May 15)
- **Tuesday**:
- 1:15 PM ET: New York Fed President John Williams (FOMC permanent voter) participates in a monetary policy panel discussion
- 8:15 PM ET: U.S. ADP Employment Change (week ending April 25)
- 8:30 PM ET: U.S. April CPI data
- **Wednesday**:
- 4:30 AM ET: U.S. API Crude Oil Stock Change (week ending May 8)
- 8:30 PM ET: U.S. April PPI (year-over-year, month-over-month)
- **Friday**:
- 5:30 AM ET: Fed Governor Raphael Bostic delivers a speech
- 9:15 PM ET: U.S. April Industrial Production (month-over-month)
### U.S. Stock Market Update
As of this Frida
16 minutes ago
Iranian Envoy: Agreement Possible If U.S. Acts Rationally
May 10 (IRNA) — Iranian Ambassador to Armenia Khalil Shirgholami said Saturday that agreement with countries illegally aggressing Iran is possible if those nations shift to rational, logical policies and actions.
Speaking in an interview with an Armenian TV station, Shirgholami noted U.S. and Israeli regime aggression against Iran makes clear Tehran will not be coerced into surrendering or accepting any party’s extreme demands through military force, pressure or threats.
He added Iran is open to negotiating an agreement but requires clear U.S. assurances: acting rationally/logically and committing to no further military aggression against Iran.
Shirgholami also stressed Iran rejects selective interpretation of international law and will never allow the Iranian people to be denied their right to peaceful nuclear energy.
16 minutes ago
Polymarket: Multiple "Wash Trading" Account Clusters Identified and Banned, Enhanced Ban Mechanism to Follow
On May 10, Polymarket announced the latest progress on its feature updates, including the launch of a latency spam mitigation measure to ensure smooth order placement and cancellation operations, a fix for the "Insufficient Balance/Allowance" error, and a core issue affecting limit order placement that’s expected to be resolved in the next few days.
Additionally, Polymarket stated it has identified and banned multiple clusters of "ghost-fill" accounts—all created before the deposit wallet system launched. Any accounts exhibiting ghost-fill behavior will be identified and banned, and the deposit wallet system will also block abusive accounts from bulk-creating new accounts. Further updates to address lingering issues are set to roll out over the next week.
16 minutes ago
Source: Insider
According to sources, Alibaba will integrate its AI technology, ET Brain, with Taobao to launch an intelligent shopping service.
**May 10 – Alibaba is gearing up to announce plans to integrate its Qwen artificial intelligence platform with Taobao, its core e-commerce platform, according to sources.**
**The move aims to shift shopping from keyword search to conversation-driven interactions.**
**Per reports, the integration will let consumers browse, compare and purchase products by chatting with Qwen’s AI assistant in the app—no manual scrolling through product listings required. Qwen is set to access the full catalog of over 4 billion items across Taobao and Tmall, with a “skill library” to handle logistics and after-sales services. It will also deliver personalized shopping recommendations based on users’ order history and preferences.**
**Additionally, Alibaba will launch a Qwen-powered AI shopping assistant directly on Taobao, offering tools including virtual try-on and 30-day price tracking.**
**(BlockBeats)**
16 minutes ago
UFO Disclosure Has Exceeded 36 Hours, Musk Maintains 'Complete Silence'
May 10 — 36+ hours after the U.S. Pentagon declassified over 160 UFO/UAP files, photos, and videos on May 8, global discussions over extraterrestrial evidence are raging. However, space advocate Elon Musk has stayed completely silent on the matter on X.
Musk has repeatedly stated publicly that he “has never seen any evidence of aliens or alien technology. Most unidentified phenomena are likely linked to classified human weapons projects or satellites, not extraterrestrial visitors.”
This muted response to the UFO file declassification once again underscores Musk’s rational skepticism toward extraterrestrial technology.
16 minutes ago
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