Crypto Pulse: Sentiment Swings, Market Highs, and NFT Buzz

Dear Readers,

Bitcoin surged to a new all-time high above $111,000 on Thursday, fueled by growing confidence in U.S. regulatory developments—especially the progress of the GENIUS Act, which seeks to create a nationwide framework for stablecoins. The leading cryptocurrency rose 3.76% to reach $110,547, marking a gain of over 18% so far in May. Other major cryptocurrencies followed suit, with Ethereum climbing 4.6% to $2,666 and XRP increasing by 3.24% to $2.43.

Highlights Of The Week

• VanEck is set to launch a private digital assets fund in June, focusing on tokenized Web3 projects built on the Avalanche blockchain.

• Pakistan’s Ministry of Finance has backed the creation of a regulatory body for blockchain-based financial infrastructure.

• A Democratic U.S. representative will support a blockchain bill, despite broader opposition among left-leaning lawmakers due to concerns over Donald Trump’s potential conflicts of interest. 

• A Maine attorney general filing reveals that nearly 70,000 Coinbase users were affected by a data breach that remained undetected for almost six months.

• The Texas House of Representatives passed SB 21, a bill to create a strategic Bitcoin reserve, with a 101-42 vote; it now awaits Governor Greg Abbott’s decision.

• Hong Kong’s Legislative Council has approved the Stablecoin Bill, establishing a regulated framework to boost its position as a global hub for digital assets and Web3 innovation.

Crypto Fear & Greed Index

The Crypto Fear & Greed Index currently stands at 72, indicating a sentiment of "Greed" in the market. This marks a slight uptick from yesterday's reading of 70, reflecting growing investor optimism. The positive sentiment is largely driven by recent developments in U.S. regulatory progress, especially the advancement of the GENIUS Act, which aims to establish a national framework for stablecoins.

ATH Coins

The all-time high (ATH) reflects a cryptocurrency’s pinnacle moment and a spike in market focus. However, volatility within the market remains an important factor. Comprehensive research is key before considering investments in coins that have reached their ATH. Below are several noteworthy cryptocurrencies that have recently achieved ATH status.

Keeta (KTA) has reached a new all-time high (ATH) today, hitting $0.8834 before settling slightly lower at $0.8711. With a current trading volume of $20.82 million, Keeta is gaining attention for its scalable platform that bridges payment networks and facilitates seamless cross-blockchain interactions.

Bitcoin (BTC) also soared to a new record today, peaking at $111,861.22. Currently trading at $110,644.49 with a massive $91.69 billion in volume, Bitcoin's surge is being driven by renewed optimism around U.S. cryptocurrency regulation, giving the market a strong bullish signal.

Moonpig (MOONPIG), a meme-based token thriving on the Solana blockchain, hit its ATH at $0.07585 today. Now priced at $0.06265, it continues to attract a vibrant community of crypto enthusiasts who appreciate humor and internet culture. Its trading volume stands at $28.49 million, reflecting growing engagement.

Lorenzo Protocol (BANK) also marked a new ATH today at $0.0816, and currently trades at $0.07882 with a volume of $38.3 million. Lorenzo is carving a niche in the decentralized finance (DeFi) space as an asset management platform, offering yield-generating tokens such as stBTC and enzoBTC.

Fasttoken (FTN) made headlines by reaching its highest price yet at $4.43. Currently valued at $4.42 with a daily volume of $55.11 million, FTN is the native token of Bahamut, a layer-1 blockchain distinguished by its Proof-of-Stake-and-Activity (PoSA) consensus mechanism.

Top Movers (24H)

As cryptocurrency earns greater trust as an investment, former skeptics are starting to get on board, expanding their portfolios with a range of digital assets. More seasoned investors are reinforcing their positions, leading to notable price increases across several cryptocurrencies in the last 24 hours. Here are some of the cryptocurrencies that have recently experienced remarkable price gains.

Guild of Guardians (GOG) has emerged as the top performer in the last 24 hours, with a surge of 130.03%, bringing its current price to $0.04161. Trading volume reached $39.86 million, reflecting strong market interest. Guild of Guardians is a fantasy RPG built on Immutable X, allowing players to team up and earn in-game rewards, contributing to its recent momentum.

Lista DAO (LISTA) followed closely, soaring 54.38% over the same period. Priced at $0.3038, it recorded a substantial $92.08 million in trading volume. Lista DAO is an open-source decentralized protocol that facilitates stablecoin lending, powered by LSDfi—a compelling niche attracting increased investor attention.

Hive AI (BUZZ) also experienced significant growth, climbing 48.87% to a price of $0.01068, with a volume of $26.72 million. Buzz is a feature from Hive AI that uses artificial intelligence to support content moderation, brand safety, and user engagement across tech platforms—an area of growing demand.

Lybra Finance (LBR) recorded a 46.06% increase, reaching $0.06082 with $3.7 million in trading volume. The Lybra Protocol is a decentralized solution aimed at bringing greater stability to the crypto market—an appealing proposition in today's volatile environment.

Lastly, Dora Factory (DORA) saw its price rise by 32.40%, now trading at $0.03425 with $8.66 million in volume. Dora Factory is notable for its role in supporting the Global Hacker Movement through innovative digital infrastructure, making it a project to watch.

Non-Fungible Tokens – Developments

• BounceBit partners with BlackRock to launch an exclusive NFT collection, marking a major step in their ongoing collaboration.

• SEC Commissioner Hester Peirce states that many NFTs, including those with creator royalty mechanisms, likely do not fall under federal securities laws.

• Yuga Labs, creator of Bored Ape Yacht Club, is selling CryptoPunks to the Infinite Node Foundation, a non-profit dedicated to preserving digital art.

NFTs To Watch (24H)

Pengztracted is making waves with a 24-hour volume of 621.28 ETH and an impressive 23,356 sales. With a floor price of 0.029 ETH and a 16% increase in value, this collection is grabbing attention fast. Set in the bizarre and imaginative "Weird Zone," Pengztracted lets its quirky penguin characters drift through surreal Web3 emotions, capturing the curiosity of collectors.

Genesis Hero continues to build momentum with a 24-hour volume of 2,803.29 ETH and 61 sales. Its floor price has climbed to 0.352 ETH, marking a 13.6% increase. These aren’t just static NFTs—they’re dynamic avatars in the evolving universe of Onchain Heroes, an idle RPG where blockchain and gaming merge to forge new digital champions.

DYLI is pushing boundaries in a sector that many say has seen little change over the past decade. With a volume of 138 ETH, 6,787 sales, and a floor price of just 0.0018 ETH, DYLI has surged 48% in value. It’s a bold project that’s redefining innovation and breathing new life into a stagnant corner of the NFT space.

Best Regards,
Crypto Recorder Team

P.S Got a question, suggestion or general feedback? Feel free to reply to this email. We'll get back to you asap!