Weekly Market Report. May 9, 2025

May 9, 2025

Greetings, curious minds! Join us on a journey into the cutting-edge. This newsletter unveils the latest trends shaping our world.

Let’s explore together! 🌐🚀

🔥 Top Reads

$45 million stolen from Coinbase users in the last week — ZachXBT

Onchain sleuth and security analyst ZachXBT claims to have identified an additional $45 million in funds stolen from Coinbase users through social engineering scams in the past seven days alone.

Man sentenced to 30 years for funding ISIS with cryptocurrency 🤔

Mohammed Azharuddin Chhipa received a 364-month sentence after a federal jury found him guilty in December 2024 of one count of conspiracy to provide material support to a designated foreign terrorist organization and four counts of providing or attempting to provide such support.

‘A tremendous disservice’: SEC Commissioner Crenshaw blasts agency’s settlement with Ripple in public dissent 🧐

SEC Commissioner Caroline Crenshaw blasted a settlement agreement with Ripple and two of its executives, filed by the agency with the district court on Thursday.

📈 Market Data

🚨 Important News This Week

AI decentralized apps are coming for the Web3 throne: DappRadar
AI Has Upended the Search Game. Marketers Are Scrambling to Catch Up.
AI’s Threat to Google Just Got Real

Tech

Humans Evolved to Like ‘Likes’
S MIC’s Quarterly Profit Jumps on Robust Chip Demand
ChatGPT a ‘schizophrenia-seeking missile,’ AI scientists prep for 50% deaths: AI Eye

Business

What is a VTuber, and how do you become one in 2025?
Apple makes progress toward its first pair of smart glasses: Report
CoStar Agrees to Buy Australian Advertiser Domain for $1.9 Billion

Crypto

Metaplanet is raising another $21M through bonds to buy more Bitcoin
Coinbase to acquire options trading platform Deribit for $2.9B
Safeheron introduces open-source Intel SGX TEE framework for Web3 security

🚨 Notable Companies Secure Impressive Investments

T-Rex raises $17M in Pre-Seed funding round
Dinari raises $12.7M in a Series A funding round
Arbitrum DAO approves 35M ARB allocation to tokenized US Treasurys
Oriole Insights launches Galxe campaign with $2K and over 1M ORI in prize pool
ZAR raises $7M in a Seed funding round
Gata raises $4M in a Seed funding round
Blockchain Capital invests $20M in Kaia

🔥 Top 5 Blockchain & Crypto News of the Week

🚀 From market crashes to institutional power moves, here are the top headlines shaping the crypto world right now.

1️⃣ Maldives to Build $8.8B Blockchain Hub

MBS Global Investments backs new financial center in Malé focused on digital assets
Aims to create 16,000 jobs, earn $1B+ annually by year 5
Push to diversify Maldives’ debt-ridden economy

🔗 Read more: https://t.me/constantinkogan/1310

2️⃣ Ripple Reserves Rise Despite Activity Dip

Ripple holds 4.56B XRP, valued at $9.58B — a 1.7% increase
XRPL activity slumped: -37% txns, -40% wallet creationsHODLing works best for Bitcoin — not altcoins
• Trading volume spiked in early 2025

🔗 Read more: https://t.me/constantinkogan/1329

3️⃣ Bhutan Launches Crypto Tourism System

Bhutan & Binance Pay roll out first national tourist crypto system
Tourists can use crypto for flights, visas, hotels, and more
Boost to Web3 adoption in the travel industry

🔗 Read more: https://t.me/constantinkogan/1332

4️⃣ US Macro Shocks, Crypto Demand Rises

GDP fell -0.3%, inflation jumped to 3.6%, job growth revised down
Stagflation fears rising, bond market signals rate cuts
Morgan Stanley & Schwab to launch crypto trading

🔗 Read more: https://t.me/constantinkogan/1328

5️⃣ Steak ‘n Shake to Accept Bitcoin

Popular US chain with 100M+ customers to take BTC from May 16
Part of growing fast food adoption wave

🔗 Read more: https://t.me/constantinkogan/1336

💡 Want more in-depth analysis? Stay ahead of the curve—subscribe for the latest blockchain, DeFi, and Web3 news here! 🚀

🤣 Meme of the Week

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