FameEX Morning Crypto News Recap | May 12, 2025
2025-05-12 04:57:18Economic and Trade Talks Between China and U.S. Result in Key Consensus
High-level economic and trade talks between China and the U.S. were held in Geneva, resulting in meaningful consensus and substantial progress. Both parties agreed to create a consultation mechanism, appoint lead representatives, and aim to release a joint statement on May 12.
Macroeconomic Outlook: April U.S. CPI Data Scheduled for Tuesday
Upcoming Economic Events This Week:
Monday: Remarks from Fed Governor Cook and other officials.
Tuesday: Release of U.S. April Consumer Price Index (CPI) data.
Thursday: Key data drops include U.S. initial jobless claims and April Producer Price Index (PPI). San Francisco Fed President Daly joins a fireside chat, while Fed Chair Powell delivers opening remarks at an event. The Federal Reserve also hosts the second Thomas Laubach Research Conference.
Friday: Preliminary data on U.S. May one-year inflation expectations.
Saturday: Speeches by Fed officials Barkin and Daly.
Ethereum Overtakes Coca-Cola in Market Cap, Now Ranks 40th Globally
On May 11, Ethereum's market cap surged 5.26% in 24 hours to $303.71 billion, edging past Coca-Cola’s $303.53 billion. This achievement placed Ethereum at 40th in the global asset market capitalization rankings, according to data from 8marketcap.
Ethereum Up 40% in Three Days, Takes #1 Spot on Douyin
On May 11, Ethereum's 40% surge over three days made it Douyin's top trending topic, The related content is 'What happened to Ethereum that surged 40% in 3 days?'.
Rise of Ethereum Signals End for 99% of Crypto VCs, Says 1confirmation Founder
Nick Tomaino, founder of 1confirmation, asserts that Ethereum's rise will lead to the collapse of 99% of crypto venture firms. He stresses that lasting success depends on timing, institutional capital, and maintaining alignment with user needs.
Michael Saylor Highlights Bitcoin Tracker Again, Hinting at Potential BTC Accumulation
On May 11, Michael Saylor, founder of Strategy, released a Bitcoin Tracker update with "Connecting the dots." This could indicate that Strategy is preparing to announce an increase in its Bitcoin holdings, following similar patterns from the past.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.