Daily recap — May 11

Lead stories

A wallet holding 500 BTC became active after 12.5 years of inactivity — in 2013, those coins were worth $483,000, while today they are worth around $40,700,000.

Ethereum’s share of the DeFi market has declined from 63.5% to around 54% since the beginning of the year — competitors are still much smaller, but are gradually capturing their own niches.

LayerZero admitted a mistake following the $293 million KelpDAO hack — part of the system was protected by only a single validating node, which turned out to be insufficient.

Michael Saylor stated that Strategy will buy “10 to 20 BTC” for every coin sold. At the same time, the company purchased another 535 BTC worth around $43 million at an average price of about $80,340 per coin.

Tokenized gold continues gaining momentum — in Q1 2026 alone, spot trading volume reached $90.7 billion, already surpassing the entire 2025 total of $84.6 billion.

TON Core launched Acton, a new tool for smart contract development.

BlackRock is launching two tokenized money market funds, one of which on the Ethereum network will invest in short-term U.S. government bonds.

Last week, total net inflows into spot Bitcoin ETFs reached $623,000,000 — positive momentum has now continued for six consecutive weeks.

Exactly 16 years ago, Bitcoin mining first transitioned to graphics cards — a developer demonstrated that GPUs calculate hashes far more efficiently than standard processors.

Circle, the issuer of the USDC stable-value digital currency, raised $222,000,000 from BlackRock, Apollo, and other major players for its Arc blockchain — the company’s valuation has grown to $3 billion.

India’s stock market lost around $78 billion in a single day — investors began selling amid a sharp rise in oil prices and geopolitical concerns.

Dubai has approved the use of digital assets for government fee payments — users will be able to pay with cryptocurrencies, while government institutions will receive settlements in dirhams or approved dirham-backed stable-value digital currencies.

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