And your favorite crypto news digest is back again! After a short break, we return with a quick look at the most captivating hot news from the world of cryptocurrencies and blockchain for the first week of May! This week has delivered a wave of impactful stories, from record-breaking price movements to unsettling revelations in the meme coin world.

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Bitcoin Price Soars Past $100,000 

After a period of fluctuation and dramatic decreases, $BTC has surged past the $100K mark once more. The momentum growth was accompanied by a surge in trading volumes. At the moment, the price reached $101,525, then adjusted to the area of 100,800. At the moment of the 9th of May, BTC rose to $102K.

The “awakened” token has significantly revitalized the wider market. In the past 24 hours, the total value of the cryptocurrency market has increased by 3.7%, reaching over $3.25 trillion, according to CoinGecko.

And now market watchers are wondering – could this be the start of a new bull market?

It’s a perfect time to remind you about our helpful article about BTC and its role in blockchain products. Check it out and learn more about why you need to integrate Bitcoin into your Web3 product. 

USD1 Stablecoin Hits $2 Billion in Market Cap

This week, the USD1 stablecoin by World Liberty Financial has officially surpassed $2B in market capitalization. As demand for reliable, fiat-pegged assets grows, especially in DeFi and cross-border payments, USD1 is emerging as a top contender among stablecoins in 2025.

On May 1, the Abu Dhabi-based investment firm, MGS, announced that it had used USB 1 to repay a $2 billion investment made in Binance. Brandon Kay, an analyst with The Block, directly attributed the increase in the capitalization of ‘stablecoins’ to this transaction.

Ethereum Approaches $2000 Amid Whale Activity

Time to talk about another big token on the market – $ETH. Ethereum is gaining momentum, now hovering about $2000. Analysts cite increased smart contract activity and on-chain whale accumulation as indicators of rising confidence in the Ethereum ecosystem and its upcoming updates.

The Pectra update, which was implemented on May 7, was not the main cause of price growth, according to Nikolai Sondergaard, an analyst at Nansen. Despite the substantial increase, ETH is still 59% below its historical peak of $4878, and the ETH/BTC ratio is nearing five-year lows.

98% of Meme Coin Tokens on Pump.fun Labeled Scams

It’s really a hot take of the week. According to a recent study conducted by Solidus Labs, 98.6% of the coins listed on the Pump platform are associated with fraudulent activities such as rugpulls and Pump & Dump schemes. This report serves as a stark reminder to stay vigilant and research thoroughly before diving into meme-driven hype tokens.

By the beginning of this year, the platform had issued over seven million coins, but only 97,000 of them were able to maintain their value at a minimum of $1,000. Therefore, we remind you that before investing in any meme coins, you should study the market very carefully and check the main ‘red flags’ of the rugpull coins.

Final Thought 

So, this first week of May showed even more exciting highlights: Bitcoin’s climb back above $100K and Ethereum’s steady gains signal renewed confidence in core digital assets, while the rapid growth of USD1 highlights the increasing demand for stable, scalable payment solutions. At the same time, the meme coin scam revelations are a stark reminder that due diligence is more essential than ever in this fast-paced space. 

Stay tuned not to miss the next crypto digest from the Evercode Lab team! If you also want to discover all the possibilities of the crypto market and web3 solutions, just contact our team today!