What Happened on May. 24th | Bitcoin now the 2nd Popular NFT Chain

According to data from CryptoSlam, Bitcoin ordinals trading volume currently stands in second place behind Ethereum, surpassing Solana. The 30-day trading volume amounted to $171 million, a over 400% increase compared to previous month.

At the current stage, both Ordinals and BRC-20 are purely speculative assets with no real use case. It shall remain to be seen if Bitcoin NFT could sustain its position.

Biggest Gainers & Losers

Headlines

Multichain Criticized for Having Cross-chain Funds Stuck: Multiple crypto KOL said on Twitter that Multichain users' funds are stuck after using the bridge for cross-chain transfers.

Jump Crypto: Celer cBridge Had a Vulnerability that Threatened $130 Million Capital: Jump Crypto found a critical vulnerability in Celer's State Guardian Network, a blockchain designed to facilitate cross-chain communication.

Hot projects on the market

Cosmos Ecosystem: Neutron Chain Announces Token Issuance Plan, Airdrop to $ATOM stakers

Public Blockchain LUKSO Live on Mainnet

Other news in case you missed it:

Hong Kong ZA Bank to Provide Virtual Asset Trading Services for Retail Investors

Visa Working on Ethereum Account Abstraction, Interoperability, Scalability and Privacy

Gate.io Launches Gate.HK for Hong Kong Users

Fundraising

FastLane Labs Closes $2.3 Million Seed Round Led by Multicoin Capital

Dispersion Capital Launches $40M Fund Invest in Web3 Infrastructure

Hedge Fund Hunting Hill Launches Crypto-focused Affiliate