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Svmuu reports that Curve Finance has announced it will conduct database upgrade maintenance at 9:00 AM Central European Summer Time (CEST) on May 25. The official estimate suggests the maintenance will take approximately 20 minutes to 1 hour. During the maintenance period, the Curve front-end interface will be temporarily inaccessible, but the underlying smart contracts will continue to operate normally, and the core functions of the protocol will not be affected.

Svmuureports that SpaceX's record-breaking IPO has brought Wall Street the spectacle it has craved since the pandemic-era listing boom. However, this "once-in-a-generation" market event may struggle to truly indicate whether the broader IPO market has genuinely recovered. The IPO is expected to ignite retail investor enthusiasm, but analysts and industry experts warn that investors should not view it as a bellwether for the wider IPO market, as the company shares almost no common ground with typical IPO candidates.
Lukas Muehlbauer, a research associate at IPOX, stated: "SpaceX is so large and highly valued that it cannot serve as a conventional test case for the IPO market." Analysts suggest that the success of SpaceX alone is unlikely to revitalize the IPO market. A broader recovery still depends on easing geopolitical tensions, stock market stability, and reduced investor concerns over AI disrupting traditional tech companies.
Brian Jacobsen from Annex Wealth commented: "Given SpaceX's uniqueness in terms of scale and scarcity, its IPO is not a market signal. Index providers have had to tweak or modify their own rules to accommodate a company of such massive market capitalization."
Reena Aggarwal, a finance professor at Georgetown University, also noted: "The success of SpaceX's IPO does not guarantee the success of other IPOs, because the company's unique business model effectively has no real competitors. However, if the IPO fails for any reason, it will negatively impact the entire IPO market." (Jinshi Data)

Svmuu Bitcoin fell below $78,000 on Thursday, with growing concerns over the sustainability of any rebound. Data shows that Bitcoin spot ETFs have recorded net outflows for four consecutive trading days, while approximately $584 million in long liquidations earlier this week continues to suppress market risk appetite. Analysts suggest that until on-chain spot demand recovers, BTC will still struggle to firmly hold above $80,000 in the short term.
The pressure on the Ethereum market is even more pronounced. The ETH spot ETF saw net outflows of $28.1 million on the day, marking eight consecutive trading days of withdrawals. Since May 7, ETH ETFs have seen cumulative outflows of approximately $504 million over nine trading days, the most severe sustained capital exodus since February this year.
In the derivatives market, total crypto futures liquidation volume reached approximately $657 million this Monday, with long liquidations accounting for $584 million, the largest single-day long squeeze event since early February. The current Bitcoin open interest has fallen about 14% from its May 6 peak, but the overall leverage structure has not yet been fully reset.
On-chain data also leans bearish. Glassnode indicates that Bitcoin's previous rebound to $82,000 briefly reclaimed the key level of $78,300, the "realized market average," but has since fallen back below it. Historical cycles suggest that BTC typically needs to consolidate in this range for weeks to months to confirm a structural shift between bull and bear markets.
Additionally, Glassnode data shows that Bitcoin's spot CVD (Cumulative Volume Delta) has been negative for nine consecutive trading days, marking the longest net selling cycle since 2026. Meanwhile, BTC's hourly spot trading volume has declined about 40% compared to the same period in 2025. Analysis indicates that U.S. investors have been consistently distributing their holdings since Q4 2025, while Asian capital has shifted to accumulation.
The options market is also signaling caution. The BTC short-term 25-delta skew has risen from 2.7% to 6.2%, indicating a significant increase in market demand for downside protection. A large gamma short position of approximately $2.5 billion is concentrated around the $75,000 strike price. Should BTC fall back to this area, hedging by market makers could further amplify volatility.
In the altcoin market, the sector is largely following BTC, with Bitcoin's dominance remaining around 60%. However, Hyperliquid and Zcash have bucked the trend with double-digit gains, suggesting selective rotation by some capital. (The Block)

Svmuureports that, according to an official announcement, Binance Alpha has distributed the second wave of ETHGas (GWEI) airdrops, with a threshold of 230 points.
Users holding at least 230 Alpha points are eligible to claim the token airdrop. On the Alpha activity page, they can claim an airdrop of 250 GWEI tokens. If rewards are not fully claimed, the points threshold will automatically decrease by 5 points every 5 minutes.

Svmuu reports that Seturion, the tokenized securities settlement platform under the Stuttgart Stock Exchange Group, is joining forces with Société Générale, its crypto subsidiary SG-Forge, and online broker flatexDEGIRO to build a blockchain-based securities settlement system in Europe.
Société Générale will use the platform to issue tokenized structured securities such as turbo warrants and investment certificates. SG-Forge, which holds a license to operate in the French crypto asset market, will facilitate transaction settlements using its euro and US dollar stablecoins, EURCV and USDCV. flatexDEGIRO will be responsible for connecting the platform with European retail channels to roll out tokenized securities trading services.

According to the "Global Payments Report 2026" released by Global Payments, a global payment technology and software company, digital wallets now account for more than half of global online transaction volume and one-third of offline transactions. While digital wallets can flexibly integrate different payment methods, including cryptocurrencies, only 10% of merchants worldwide directly accept crypto payments. In 2025, cryptocurrencies accounted for just 0.19% of global e-commerce transaction volume, approximately $15 billion.
The report predicts that direct cryptocurrency payments will become the fastest-growing online payment method, with a compound annual growth rate (CAGR) of 16% from 2025 to 2030. This means that by 2030, the value of e-commerce transactions made directly with cryptocurrencies could account for 0.28% of global e-commerce transaction volume, reaching nearly $31 billion. (Caixin)