Senate Repeals "DeFi Broker Rule," Ushering in US DeFi Deregulation Blitz?

Traditional finance is still stuck in a "human-to-human" model, while Catena aims to achieve "AI-to-AI" interaction.

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There must be another Labubu hidden beneath the ruins.

Featured News

1.Binance Alpha Launches HIPPO, BLUE, and Other Tokens

2.Believe Ecosystem Tokens See General Rise, LAUNCHCOIN Surges Over 250% in 24 Hours

3.Tiger Securities Introduces Cryptocurrency Deposit and Withdrawal Service, Supports Mainstream Cryptocurrencies such as BTC and ETH

4.Current Bitcoin Rally Possibly Driven by Institutions, Retail Traders Yet to Join

5.Binance Wallet's New TGE Privasea AI Participation Requires a 198 Point Threshold, with a Point Consumption of 15

Trending Topics

Source: Overheard on CT (tg: @overheardonct), Kaito

PUMP: Today's discussions about PUMP focus on its new creator revenue-sharing model: the platform will allocate 50% of PumpSwap revenue to token creators, sparking varied reactions from users. Some criticize the move as insufficient or even misleading, while others view it as a positive step the platform is taking to reward creators. Meanwhile, PUMP faces market pressure from emerging competitors like LetsBONKfun and Raydium, which are rapidly gaining market share. Users also express concerns about PUMP's sustainability and potential regulatory risks in the U.S., with discussions extending to the platform's impact on the entire memecoin ecosystem.

COINBASE: Today, Coinbase became the first crypto company to join the S&P 500 Index, replacing Discover Financial Services, sparking widespread industry attention. The entire crypto community views this milestone as a significant development, signaling that crypto assets are further integrating into the mainstream financial system. The news has sparked lively discussions on Twitter, with many users pointing out that this may attract more institutional investors to enter the Bitcoin and other cryptocurrency markets.

XRP: XRP became the focal point of today's crypto discussion, with its significant market movements and strategic advances drawing attention. XRP has surpassed USDT to become the third-largest cryptocurrency by market capitalization, sparking market excitement and discussions about its future potential. The surge in market capitalization and price is believed to be related to increasing institutional interest, deepening strategic partnerships, and its role in the crypto ecosystem. Additionally, XRP's integration into multiple financial systems and its potential as a macro asset class are also seen as key factors driving the current market sentiment.

DYDX: Today's discussions about DYDX mainly focused on the dYdX Yapper Leaderboard launched by KaitoAI. The leaderboard aims to identify the most active community participants, with a total of $150,000 in rewards to be distributed over the first three seasons. This initiative has sparked broad community participation, with many users discussing the potential rewards and the incentive effect on the DYDX ecosystem. Meanwhile, progress on the ethDYDX to dYdX native chain migration and historical airdrop events have also been topics of discussion.

Featured Articles

1. "What Is 'ICM'? Holding Up the $4 Billion Market Cap Solana's New Narrative"

Overnight, the hottest narrative in the crypto space has become "Internet Capital Markets," with a host of crypto projects and founders, led by the Solana ecosystem's new Launchpad platform Believe, releasing this phrase. Together with "Believe in something," it has become the new slogan heralding the onset of a bull market. What exactly is the so-called "Internet Capital Market," will it become a short-lived hype phrase like the Base ecosystem's previous Content Coin, and what related targets are available for selection?

2.《LaunchCoin Surges 20x in One Day, How Did Believe Create a $200M Market Cap Shiba Inu After Going to Zero?｜100x Retrospective》

LAUNCHCOIN broke through a $200 million market cap today, with the long-lost liquidity and such a high market cap "Memecoin" almost bringing half of the on-chain crypto community CT into the fray. The community is crazily discussing this token, with half of it being FOMO and the other half being FUD. This token, originally issued by Believe founder Ben Pasternak under his personal identity, transformed into a new platform token after a renaming. From once going to zero to a $200 million market cap, what happened in between?

On-chain Data

May 14 On-chain Fund Flow

Bitcoin has broken $100,000, Ethereum has surpassed 2500, and is Solana's hot streak about to make a comeback?

The current market is in a state of macro euphoria, with GOONC riding the wave today, skyrocketing 10x in just a few hours, reaching a market cap of tens of millions of dollars, trading volume soaring past 50 million, and rumors swirling that the developer may be from OpenAI (unconfirmed but intriguing enough).

The "gooning" Culture in Forums

A ludicrous and absurd Solana meme that some actually buy into.

GOONC is a meme coin that has sprouted from the "gooning" subculture, offering no technological innovation or practical use, its sole function being speculation.

It takes inspiration from an NSFW term "gooning," which refers to a person being deeply immersed in certain content (you know what), eventually entering a nearly religious-like trance.

In Reddit (such as r/GOONED, r/GoonCaves) and some counterculture media outlets (such as MEL Magazine in 2020), "gooning" has gradually transitioned from an adult label to a meme-addicted, digital content and virtual self-indulgence synonym, arguably the epitome of Degen spirit.

GOONC is playing around with this concept, packaging the addictive nature, uselessness, and irony of gooning into a tradable financial product. The project team has made it clear: "We do not solve blockchain problems, we only trade absurdity." Blunt but oddly genuine.

GOONC launched on May 13, 2025, using the meme coin launch platform Believe App's LaunchCoin module on Solana. This tool is highly Degen: zero technical barriers, a few clicks to create a coin, perfect for projects like GOONC that can come up with ideas out of the blue.

The mastermind behind GOONC is also quite something and is the most talked-about, with KOL @basedalexandoor on X platform (alias "Pata van Goon") personally involved. His profile even caught the attention of Marc Andreessen, co-founder of a16z, making onlookers unable to resist speculating if GOONC has a hint of OpenAI lineage.

While this 'OpenAI Endorsement' is currently just community speculation, it is definitely a good card to play to fuel hype. Saying "we are pure speculation" on one hand, while tagging a few "AI + a16z" on the other.

From Wasteland to Moon in One Night

GOONC took off as soon as it launched. After its launch on May 13, 2025, its market capitalization skyrocketed to $22 million within 4 hours, with a trading volume exceeding $25.6 million in 24 hours. According to platform data, the first day of trading saw an astonishing +41,100% surge, soaring from $0.0000001 to $0.02, becoming a "missed-the-boat" situation.

GOONC quickly formed an active trading community post-launch, with a lot of discussion and trading signals appearing on X platform (such as the 292x return signal provided by DeBot). Liquidity pools on exchanges like Raydium and Meteora grew rapidly, supporting high trading volumes and price increases.

The real climax occurred between May 13 and May 14, with the market cap rising to $5.5 million in the morning and directly surpassing $55 million in the afternoon. By the 14th, it briefly approached a $70 million market cap, with the trading volume soaring to $59 million. Some community members even posted screenshots claiming an increase of +85,000%, creating a new myth out of the ruins.

As of 1:30 pm on May 14, the price stabilized around $0.039, with a total market cap and FDV both around $39.6 million, and a 24-hour trading volume of $5.43 million. Active platforms include XT.COM, LBank, Meteora, and others.

Although there was a slight pullback from the peak ($0.07), the coin's popularity remains strong. For a coin that relies purely on "irony + community + X post" to thrive, this performance is already at a stellar level.

Currently, the background of the token's development team is not transparent, increasing the potential risk of a rug pull. Rugcheck.xyz warns that the creator of the GOONC contract may have permission to modify the contract (e.g., change fees or mint additional tokens), posing certain security risks.

Community members speculate that the meteoric rise of GOONC may be the "last hurrah".

2008 Financial Crisis "Oracle" Raoul Pal on Cryptocurrency, Resilient Wealth, and Macro Insights.

The challenge of cross-border B2B payments is not "how to pay," but "how to ensure everything is right before payment."

A new approach to federated learning over the network, potentially shaking up the AI industry later this year with a gargantuan billion-parameter model.

DeSci is reshaping the research paradigm through a technological, financial, and philosophical revolution, poised to become the central infrastructure for global scientific collaboration in the future.

Sentient is an open-source protocol platform dedicated to building a decentralized artificial intelligence economy. Its core objective is to establish ownership structures for AI models, provide on-chain invocation mechanisms, and build a composable, revenue-sharing AI Agent network.

1. On-chain Funds: $23.8M USD inflow to OP today; $40.2M USD outflow from Sonic 2. Largest Price Swings: $ALPACA, $XPLA 3. Top News: Arthur Hayes Reiterates Bitcoin $1M Price Prediction: "It's Time to Go All-In"

Before the Genesis Launch, what was the Virtuals team contemplating?

From Scalability to Compliance, Why Did This "Edge Blockchain" Project Win Top-Tier Capital Backing

Sui's expansion roadmap has also been continuously refined as Pilotfish advances shard execution to achieve true horizontal scalability and flexible validator configuration.

1. MemeBox accelerates the expansion of its multi-chain ecosystem map, officially announces its support for the Solana ecosystem, bringing in more high-quality assets to the platform and enhancing its influence in the Meme asset trading field. 2. The Solana ecosystem has become a prime attraction for Meme projects due to its high performance and low cost, drawing the emergence of several iconic Meme projects such as BONK, WIF, and BOME. 3. MemeBox's integration into the Solana ecosystem is a critical part of its multi-chain strategy, aiming to break through the ecosystem barriers between core chains, swiftly onboard high-quality assets on the Solana chain, and meet users' diverse investment needs. 4. Leveraging AI technology, MemeBox dynamically scans the blockchain network and on-chain activities in real-time, accurately capturing market trends, and enabling the rapid automated launch of projects, providing users with a one-stop on-chain hot asset trading experience. 5. MemeBox will continue to discover promising projects and ecosystem networks, enhancing and optimizing in various dimensions such as product performance, service experience, and transaction efficiency, striving to become the premier launchpad and value hub for global on-chain hot assets.

1. Top News: Trump Media Group Plans to Launch Truth Social Utility Token 2. Token Unlock: $1NCH, $SUI, $ZETA, $DYDX

From MEME, AI Agent to SocialFi Track, Solana is on a "Public Launchpad"

1. On-chain Flows: $8.6M Flows into Polygon PoS; $3.6M Flows out of Ethereum 2. Highest Price Volatility: $SIGN, $DEEP 3. Top News: Bitrace Releases Annual Crypto Crime Report: Crypto Fraud Funds to Reach $52.5 Billion by 2024, Stablecoin On-chain Freeze Activity Surges