ME News report, May 18 (UTC+8): German company Singularity Quick News summary:
Institutional updates: The Russian ruble stablecoin A7A5 plans to transition into a long-term cross-border settlement tool; South Korean stock market triggers circuit breaker, halting algorithmic trading for five minutes.
Industry highlights: Blockaid reveals that the Verus Ethereum cross-chain bridge was attacked, with approximately $11.58 million stolen; Vitalik notes that the solution of "user-stored data + on-chain proof only" still faces state bloat issues; large unlocks are scheduled for PYTH, ZRO, MBG, and other tokens this week.
Macro market: The global cryptocurrency market cap has declined to $2.56 trillion, down 1.42% in 24 hours; BTC's market share has risen to 60.1%, and the Fear & Greed Index has dropped to 39; the three major U.S. stock indices have all pulled back, as the market shifts from "tech stock rally" to a phase of testing resistance levels.
Moving sectors: FIDA (+38.56%) and EDEN (+30.36%) stood out on the token gainers list; in the crypto space, AI Agents (+0.27%) and DeFAI (+0.12%) maintained slight gains; in U.S. equities, oil and gas production (+2.49%) and refined products (+2.08%) showed strength against the trend.(Source: Desun)
