FameEX Morning Crypto News Recap | May 12, 2025
2025-05-12 04:55:33China and U.S. Reach Key Consensus in High-Level Economic and Trade Talks
High-level China-U.S. economic and trade talks took place in Geneva, where both sides held in-depth discussions and reached key consensus with substantial progress. They agreed to establish a consultation mechanism, designate lead personnel, and plan to issue a joint statement on May 12.
Macroeconomic Preview: U.S. April CPI Report Set for Tuesday Release
This week's key events and data forecast include:
Monday: Fed Governor Cook and others will speak.
Tuesday: U.S. April CPI data will be released.
Thursday: U.S. initial jobless claims, U.S. April PPI data, San Francisco Fed President Daly participates in a fireside chat, and Federal Reserve Chairman Powell delivers opening remarks at an event. The Federal Reserve will also hold the second Thomas Laubach Research Conference.
Friday: Preliminary U.S. May one-year inflation expectations.
Saturday: Fed's Barkin and Daly will give speeches.
Ethereum Climbs to 40th in Global Market Cap, Edging Past Coca-Cola
On May 11, Ethereum's market capitalization rose 5.26% in 24 hours to $303.71 billion, surpassing Coca-Cola’s $303.53 billion. This milestone elevated Ethereum to the 40th position in the global asset market capitalization rankings, according to 8marketcap data.
Ethereum Jumps 40% in 3 Days, Tops Douyin Trending Chart
On May 11, Ethereum surged 40% in just three days, making it the top trending topic on Douyin. The related content is 'What happened to Ethereum that surged 40% in 3 days?'.
1confirmation Founder Says Ethereum’s Rise Will Eliminate 99% of Crypto VCs
Nick Tomaino, founder of 1confirmation, believes Ethereum’s rise signals the end for 99% of crypto VCs. He emphasizes that long-term success requires timing, institutional backing, and strong alignment with user interests.
Michael Saylor Shares Bitcoin Tracker Again, Possibly Signaling More Bitcoin Purchases
On May 11, Strategy founder Michael Saylor shared a Bitcoin Tracker update with the phrase "Connecting the dots." Based on past patterns, this may signal that Strategy is preparing to announce an increase in its Bitcoin holdings.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.