Bitget Daily Digest (May 15) | Ethereum Foundation Launches “Trillion-Dollar” Security Initiative, Pump.fun’s Market Dominance Faces New Threats

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远山洞见2025/05/15 01:41

By:远山洞见

Bitget Daily Digest (May 15) | Ethereum Foundation Launches “Trillion-Dollar” Security Initiative, Pump.fun’s Market Dominance Faces New Threats image 0

🗓️ Today’s Preview

1.US April Retail Sales MoM data to be released today (Previous: +1.5%).

2.US Initial Jobless Claims for the week ending May 10 will be released (Previous: 228,000).

3.Sei (SEI) to unlock approximately 55.56 million tokens today (~1.09% of circulating supply), valued at around $14.5M.

4.Starknet (STRK) to unlock approximately 127 million tokens today (~4.09% of circulating supply), valued at around $23M.

🌍 Macro Hot Topics

1.Nebraska Passes Bill Increasing Bitcoin Mining Scrutiny Nebraska’s legislature has unanimously passed Bill LB 526, tightening regulations on Bitcoin miners. It mandates infrastructure cost-sharing for large miners, energy usage reporting, and permits service interruption by authorities. The bill is concise—just over two pages—and focuses purely on electrical grid impact, avoiding carbon emission concerns.

2.Ethereum Foundation Unveils the “Trillion Dollar Security Initiative” On May 14, the Ethereum Foundation launched a comprehensive initiative aimed at upgrading the Ethereum ecosystem's security to meet the standards of global economic infrastructure. The initiative includes a full-stack security audit and strategic enhancements. Led by Fredrik Svantes and Josh Stark, and backed by three notable security experts, the foundation invites community participation via designated feedback channels.

3.Cantor Fitzgerald Chair Confirms Tether's Reserves At Consensus 2025 in Toronto, Brandon Lutnick, Chairman of Cantor Fitzgerald, stated he personally verified Tether’s reserves during early collaboration stages. This challenges long-standing doubts, notably the 2019 NY Attorney General’s claim of a $1B shortfall—later settled with Tether and Bitfinex.

4.Pump.fun’s Dominance Slips as New Meme Launchpads Emerge According to Lookonchain citing Dune Analytics, Pump.fun's share of newly graduated meme tokens has dropped from over 98% to 57.5%. New challengers include Letsbonk.fun (17.9%), Believe (12.9%), and LaunchLab (5%). Recent meme hits such as $LAUNCHCOIN, $GOONC, $DUPE, and $Hosico were launched on Letsbonk.fun and Believe.

5.Fed Officials Comment on Rates and Inflation Risks Fed Vice Chair Jefferson noted current moderately restrictive rates are well positioned. He warned that new tariffs could fuel inflation, though the duration of such impact remains uncertain. Goolsbee added that April CPI data doesn’t yet reflect the full tariff impact.

CME FedWatch Tool:

91.7% chance of no rate change in June

63.3% chance of no rate change in July

34.2% chance of a 25bps rate cut by July

📊 Market Overview

1.BTC remains range-bound with overall market decline. Only fan tokens and Layer2 sectors showed gains. $295M in liquidations over 24 hours, mostly long positions. $LAUMCJCOIN (Believe platform) emerges as a trending token.

2.US Stocks show signs of fatigue. SP 500 barely holds a 3-day win streak. Dow Jones dips for the second straight day. Gold hits a one-month low, down over 2% intraday.

3.Bitget BTC/USDT Liquidation Map

At $103,611, a drop to $102,611 could trigger $30M in long liquidations.

A rise to $104,611 could trigger $280M in short liquidations.

Shorts face greater risk—use leverage cautiously.

4.BTC Net Outflow:

$2B Inflows, $2.2B Outflows, net outflow of $200M in past 24 hours.

5.Net Outflows by Token (Contracts):Leading tokens with net outflows: $ETH, $SOL, $BTC, $XRP, $DOGE — possible trade setups.

🧠 Institutional Insights

Matrixport: Current BTC rally likely institution-driven; retail yet to join. Post

QCP: Slowing inflation supports July/Sept rate cut expectations. Post

Bitwise: Bitcoin remains dominant, but diversified crypto baskets offer better long-term returns. Article

Glassnode: Spot volume data signals growing market confidence. Post

📰 News Updates

1.French Interior Minister to meet with crypto leaders over post-kidnap incident security concerns.

2.Israel and Hamas engage in indirect ceasefire talks in Qatar over Gaza.

3.Trump's approval rating rises to 44%, up 2% from late April.

4.US Digital Assets Committee defends Trump family's crypto involvement against criticism.

🔧 Project Updates

1.MetaMask co-founder: Native token still under discussion.

2.Kaito AI: Ended market-making agreement with Web3Port.

3.JPMorgan completes first tokenized Treasury trade via Ondo on public blockchain.

4.Ethereum Foundation launches “Trillion Dollar Security Initiative.”

5.Bitget launches first On-Chain Points Challenge— 50,000 BGB weekly airdrops.

6.BSC Foundation Wallet adds $25K in SIREN, now largest holder of SKYAI.

7.Kamino Season 3 ends, rewards query now open— 350M KMNO to be distributed in May.

8.Polymarket sees record new markets in April, active traders decline.

9.Cantor Fitzgerald Chairman reaffirms Tether reserve validation.

10.Chainlink, JPM’s Kinexys, and Ondo Finance collaborate to launch tokenized asset payment channel.

🔥 X Highlights

1. Yuyue: What Is Believe and Is It Undervalued? Believe’s strategy centers on onboarding real AI founders with proven Web2 track records and helping them launch and fund tokens on Web3. Unlike meme-heavy launchpads, Believe prioritizes product-led growth and decentralized, scalable traffic. Instead of chasing 100x unicorns, they aim to incubate 100 mid-tier projects, each hitting $1M peak MC, building a value flywheel that eventually benefits the platform token. With no buyback or dividend narrative yet, $Believe is currently structurally undervalued. Post

2. Murphy: Why BTC Is No Longer Easily Breaking Down Comparing URPD data from Jan 22 and May 13 (both near $108K), a clearer and healthier distribution emerges. Massive accumulation between $93K–$98K and the formation of a new buffer zone at $81K–$92K reduces crash risk. The chip structure is significantly stronger than in January. Post

3. Chaos: Why I Went All-In on $AXR—The Alpha in Virtuals’ On-Chain AI Cluster $AXR, part of the Virtuals Protocol ecosystem, plays a key role in its AIxVC structure. Serving as the "AI fund manager," AXR handles smart trade execution and signal aggregation. With massive oversubscription (19x), it shows strong market interest and is positioned as an entry-point token for the onchain AI x trading niche. Post

4. Phyrex: Market Enters Low-Volume Consolidation Phase Both crypto and equities (especially BTC/ETH) are showing muted volatility. Indicators like ETF flows and turnover rates signal caution among both traditional and on-chain investors. The $93K–$98K range remains strong support, while resistance above $102K is weaker. Unless major catalysts emerge, expect continued low-volume consolidation. Post

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.