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The crypto market continues to decline, with U.S. stocks under pressure and fluctuating at high levels
ME News News, May 18th (UTC+8), a quick overview of DeSingularity news:
Institutional developments: Russia's ruble stablecoin A7A5 plans to transform into a long-term cross-border settlement tool; the Korean stock market hit a circuit breaker, pausing algorithmic trading for five minutes.
Industry hotspots: Blockaid revealed that Verus Ethereum cross-chain bridge was attacked, with approximately $11.58 million stolen; Vitalik stated that the "user self-stored data + on-chain proof only" scheme still faces state bloat issues; tokens such as PYTH, ZRO, and MBG will undergo large unlocks this week.
Macro market: The total global cryptocurrency market cap fell back to $2.56 trillion, down 1.42% in 24 hours; BTC market share rose to 60.1%, fear and greed index dropped to 39; the three major US stock indices all retreated, shifting from "tech stocks rallying together" to a high-level pressure testing phase.
Anomalous sectors: In the token gain leaderboard, FIDA (+38.56%) and EDEN (+30.36%) performed notably; in the crypto sector, AI Agents (+0.27%) and DeFAI (+0.12%) maintained slight gains; in the US stock industry, oil and natural gas production (+2.49%) and refined oil (+2.08%) defied the trend and strengthened. (Source: Desun)