BNB falls below the $600 mark

Odaily Planet Daily News: Astar has launched a proposal related to token economics, planning to transform the ASTR token model from dynamic inflation to a model with a fixed maximum supply. The proposal aims to gradually reduce token emissions by introducing an emission decay function, significantly reduce network inflation, and plan to stabilize the highest annualized yield of DApp staking at 11-14% in the next two years, in preparation for the next brand upgrade. In addition, the proposal suggests establishing a Protocol Owned Liquidity (POL) managed by the Astar Finance Committee (AFC) and destroying 50% of network transaction fees to enhance the long-term economic value and network independence of ASTR.

According to Onchain Lens monitoring, after 9 months of silence, a giant whale re pledged 20000 SOLs (worth $3.02 million). At present, the giant whale holds 128384 SOLs (worth $19.6 million) in pledge.

BlockBeats News: On May 8th, CryptoQuant announced that ETH/BTC MVRV data shows that ETH is currently extremely undervalued compared to BTC, marking the first time since 2019. In history, this situation has often led to Ethereum performing better than Bitcoin. However, supply pressure, weak demand, and lackluster activity may hinder the rebound. The MVRV (Market Value to Realized Value) ratio is an indicator that measures the market value of an asset against its "real value" (usually based on the average cost to holders). ETH/BTC MVRV represents the ratio of Ethereum's market value to its true value relative to Bitcoin. According to the analysis of the image, when ETH/BTC MVRV falls into the undervalued region (such as in 2019), Ethereum often exhibits strong performance relative to Bitcoin (price increase). Currently (in 2025), the ETH/BTC MVRV has once again fallen to the undervalued region (around 0.4), indicating that Ethereum may be undervalued relative to Bitcoin.

Odaily Planet Daily News: Crypto exchange Bybit successfully held its flagship Institutional Symposium on the occasion of the successful conclusion of TOKEN2049 week. This seminar is an invitation only exclusive event aimed at deepening inter institutional connections and promoting collaborative innovation in the field of encryption. Shunyet Jan, Head of Institutional and Derivatives Business at Bybit, stated: "Bybit achieved 100% growth in the number of institutional clients in 2024, with over 2000 active institutions, fully reflecting the high level of trust in our platform by the market. Our off-site settlement cooperation with Zodia Custody further addresses industry concerns about security, while partnering with partners such as Fireblocks and Copper to provide clients with secure hosting services that meet institutional standards. ” During the event, industry leaders expressed their opinions, including Paul Kremsky, the head of business development at Cumberland, Jordi Alexander, CEO of Selini Capital, and Dom Longman, Managing Director of Zodia Custody in the Middle East and Africa. Their participation highlights the important role of institutional power in shaping the future of encryption, and also demonstrates the evolving bridging role of regulated institutions between traditional finance and digital assets. Shunyet Jan added, "This seminar aims to deepen relationships and create a space for institutions to jointly explore future visions. Through open discussions and collaborative opportunities, we are jointly laying a solid foundation for future growth

Bolivian Central Bank Governor Edwin Rojas Ulo stated that the country is collaborating with international organizations to design a digital currency called "Virtual Bolivia" aimed at international settlements and saving foreign exchange reserves, particularly the US dollar. He pointed out that this measure will help modernize payment systems, especially in releasing reserve funds in cross-border payment scenarios. The detailed proposal regarding this digital currency is expected to be announced in August. In addition, since the Bolivian central bank allowed the use of bank accounts to purchase cryptocurrencies, the adoption of digital assets has doubled within three months. Meanwhile, due to a shortage of foreign exchange, Bolivia has also started using stablecoins as a substitute for the US dollar and exploring the possibility of paying for energy imports through cryptocurrency.