Elon Musk's Retweet of CZ's New Book Sparks Surge in Meme Coin of the Same Name, "Freedom of Money", Reaching a Market Cap of $12 million Before Pulling Back
May 22 – According to GMGN Monitoring, Binance Co-CEO He Yi this morning retweeted CZ’s May 2 post on the X platform about the English-language launch of his new book. The original tweet, published on May 2, covers the book’s introduction, a bilingual audiobook edition, and notes that all proceeds from the work will go to charity.
On the BSC blockchain, the meme coin “Freedom of Money” – which shares the same name as the book – saw a short-term surge in market capitalization today, peaking at $12 million before pulling back to $9.4 million. It still maintains a 25.6% gain over the past 24 hours, with on-chain trading volume hitting $2.6 million in the same period.
BlockBeats advises users that meme coin trading is extremely volatile, driven primarily by market sentiment and hype with no inherent value or practical use cases. Investors should exercise caution and be fully aware of the associated risks.
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ARK Invest Increases Stake in $50 Million Worth of Bullish Stock
**May 22 Ark Invest Buys $5M Worth of Bullish Stock via Three ETFs**
Cathie Wood’s Ark Invest purchased roughly $5 million of Bullish stock on Thursday through three of its exchange-traded funds (ETFs), even as Bullish’s shares closed lower that day, per the firm’s latest daily trade disclosure.
The buys amounted to 139,117 shares spread across Ark’s Innovation ETF (ARKK), Next Generation Internet ETF (ARKW), and Blockchain & Fintech Innovation ETF (ARKF). The total transaction value hit approximately $5 million based on Bullish’s Thursday closing price, the filing confirmed.
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Circle CEO: cirBTC to Launch Soon, Custodied by Regulated Entity
On May 22, Circle CEO Jeremy Allaire announced on official social media channels that the launch of cirBTC is imminent. Circle Wrapped Bitcoin (cirBTC) is a tokenized version of native Bitcoin (BTC) pegged at a 1:1 ratio. It will be issued by Circle on both the Ethereum mainnet and Arc network, with each cirBTC fully backed by an equivalent 1:1 reserve of native BTC held by Circle’s regulated entity.
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Hong Kong Stock Market: AI Application Stocks Surge, WiseTech Gains Over 22%
On May 22, Bitget market data shows Hong Kong-listed AI application stocks rallied during the trading day. DeepBlue AI (02513.HK) led the gains with a surge of over 22%, followed by MINIMAX-W (00100.HK) up more than 7%, Intellizence (03317.HK) rising 8%, and SpeedyMind (02498.HK) advancing 1.7%.
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The edgeX platform's coin, **EDGE**, has surged past $1.52, hitting a new all-time high.
May 22 — Market data shows that edgeX’s native token EDGE surged past $1.52 today to hit a fresh all-time high, marking a roughly 300% cumulative gain from its Token Generation Event (TGE) opening price. Right now, EDGE is listed on multiple leading crypto exchanges: Bithumb, OKX, Binance Alpha, Bybit, Coinbase, and Bitget.
Investors and market watchers are zeroing in on three core catalysts for edgeX: the upcoming V2 platform upgrade, rising trading volume in the Traditional Finance (TradFi) sector, and the protocol’s active buyback mechanism. Fueled by surging demand for on-chain trading of stocks, commodities, and other assets, edgeX’s market momentum has been steadily building in recent weeks.
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Trump Media's BTC Investment Loses $455 Million, Still Holds 6,889 Bitcoins
May 22 — According to EmberCN’s statistics, Trump Media & Technology Group (NASDAQ: DJT) raised capital last July and August by selling company stock and convertible bonds to acquire 11,542 bitcoin (BTC), totaling $1.368 billion in value at an average purchase price of $118,529 per BTC. Earlier this year, the firm sold 2,000 BTC at an average of $87,380 each. Today, it transferred an additional 2,650 BTC to trading platforms, worth $205 million. Trump Media currently carries an unrealized $455 million loss on its bitcoin investments, yet still holds 6,889 BTC valued at $533 million.
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