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5/25
21:24
Svmuu reported that Aave posted on X, stating that according to the recovery plan, the final batch of rsETH has been sent to the LayerZero lockbox.
Aave also noted that rsETH and all Aave markets are currently operating normally.
21:23
Svmuu reported that according to monitoring by crypto analyst Ember (@EmberCN), over the past 11 hours, a set of addresses associated with the ESPORTS project team has been continuously selling tokens on-chain, cumulatively dumping 253 million ESPORTS tokens, accounting for 28% of the total token supply.
Data shows that these ESPORTS tokens were first swapped for approximately 26,000 BNB, and then further converted into 17.29 million USDT. Impacted by the continuous sell-off, the price of ESPORTS has already dropped approximately 95% from its highs, falling from $0.7 to around $0.035.
21:20
Svmuu News: The Beacon announced on platform X that the first season of The Beacon, "Goblin's Gambit," is now live, with a total reward pool exceeding 7.7 million BCN tokens. Users can earn BCN tokens by participating in the game. Additionally, for the best experience, the official team recommends that users play the game via the Epic Games platform.
For more related content, please read: Complete Guide to the First Season of Chain Game The Beacon: 7.7 Million BCN Prize Pool and Treasure Chest Gameplay
21:03
Svmuu reported that Kenya's 2026 Finance Bill proposes a 10% consumption tax on Virtual Asset Service Providers (VASPs).
The bill also requires crypto companies to pay a one-time licensing fee of 150 million Kenyan shillings and an annual renewal fee of 2 million Kenyan shillings before operating locally. Additionally, they must submit annual reports containing user and transaction details to the Kenya Revenue Authority.
Analysts suggest this move could push some crypto platforms and users to relocate to countries more favorable to the crypto industry, potentially weakening Kenya's position in the African crypto market.
Furthermore, Gen Z-led protests have resumed in cities like Nairobi, opposing rising taxes on digital services, cryptocurrencies, mobile phones, and financial transactions. (Cryptopolitan)
21:01
Svmuu News Although the GENIUS Act and the CLARITY Act are pushing for stablecoin compliance, stablecoins remain essentially "private money" and could introduce structural risks to the financial system.
The article points out that stablecoins aim to combine the stability of the US dollar with the payment efficiency of blockchain, but because they operate on fragmented, privatized infrastructure, they lack the uniformity of the traditional dollar system. While USDT and USDC are pegged to the US dollar, their prices can still deviate from $1.
Additionally, stablecoin issuers have incentives to boost yields by allocating capital to high-risk, low-liquidity assets. Should the value of these assets decline, it could trigger de-pegging and concentrated redemption risks. Citing Chainalysis data, the article states that stablecoins account for 84% of illicit crypto activity, primarily involving sanctions evasion and money laundering, while their use in real economy payments accounts for less than 1%.
The Wall Street Journal argues that stablecoins are essentially repeating the path of the private money experiments seen during the "Free Banking Era" in 19th-century America. In the future, they may need to accept stricter regulation, similar to banks, and require deeper integration into the central banking system. (Wall Street Journal)
20:51
Svmuu News: ETF Store President Nate Geraci joked on X platform, "Stablecoins are clearly the real economic risk."
He noted that compared to inflation, escalating geopolitical tensions, and the continued rise in government and private debt, the market still views stablecoins as a source of risk. "You really couldn't make this up," he said.
20:49
According to GMGN data, Solana ecosystem token CARDS market cap continued to rebound, briefly surpassing $400 million before retreating to approximately $367 million, with an intraday gain of over 33%.
Svmuu reminds users that this token's price is highly volatile, and investors should be aware of the risks.
20:40
Svmuureports that, according to Gate data, South Korea's KOSPI index has stood above 8,100 points, continuing to hit a new record high, with a daily increase of 3.24%.
20:38
Svmuu reported that OKX market data shows ETH has dropped below 2100 USDT, currently trading at 2099.98 USDT, with a 24H decline of 0.38%.
20:38
Svmuu News: According to OKX market data, BTC has fallen below 77,000 USDT and is currently trading at 76,988.3 USDT, a 24-hour decline of 0.29%.
20:18
According to Lookonchain monitoring, the ESPORTS selling address has transferred out another 35.13 million ESPORTS tokens for sale in the past 3 hours.
Data shows that this address has previously sold a total of 22.73 million ESPORTS, receiving approximately 987,700 USDT.
20:14
Svmuu News: According to Onchain Lens, the whale that sold HYPE after eight months of inactivity has now opened a 2x leveraged long position of 2,839 ETH and a 2x leveraged short position of 94,101 HYPE, with the total value of these positions amounting to approximately $11.75 million. Data shows that this whale is currently simultaneously long on ETH and short on HYPE.
20:13
Svmuu News: The U.S. Central Command (CENTCOM) stated that U.S. forces have conducted a "self-defense strike" in southern Iran to protect U.S. troops stationed in the Middle East from threats from Iran.
The statement said the strike targeted missile launch facilities and Iranian vessels attempting to lay naval mines. CENTCOM also noted that during the current ceasefire, U.S. forces will continue to exercise restraint and protect their own troops' safety.
20:08
According to Svmuu, data from Gate shows that South Korea's KOSPI index has broken through 8,000 points, rising over 3% intraday. Japan's Nikkei 225 index opened up 0.23% at 65,305.16 points.
20:07
Svmuu reported that Hyperliquid has announced support for official canonical outcome markets based on off-chain events.
According to the introduction, these markets will be published by automated news feed software run by validators as part of their daily on-chain operations. Validators will vote on the deployment and settlement of official prediction markets based on factors such as clarity of rules, accuracy of outcomes, and market quality.
20:04
Svmuuhas reported that Ondo Finance has announced the passing of its founder, Nathan Allman.
The announcement states that Nathan Allman's vision, leadership, and technical expertise profoundly shaped Ondo's development, and he firmly believed that technology could build a more open and accessible financial system.
At the same time, Ondo announced that Ian De Bode, who has long served as President, will take over as CEO. The announcement notes that Ian has been responsible for the company's strategy, products, and daily operations for over two years and has received full support from the management team.
Ondo stated that it will continue to advance the work that Nathan Allman left unfinished.
20:01
According to monitoring by the Svmuu Seer Prophecy Channel, in the Polymarket "NBA Playoffs Eastern Conference Finals Game 4: Knicks vs. Cavaliers" prediction event, a smart money wallet (address: 0x9f2fe025f84839ca81dd8e0338892605702d2ca8) that has profited over $4 million purchased $530,000 worth of shares on the Knicks defeating the Cavaliers, at an average entry price of 54.4¢, currently showing an unrealized loss of $8,700.
Game 4 of the NBA Playoffs Eastern Conference Finals between the Knicks and the Cavaliers tips off at 8:00 AM Beijing time today. The Knicks currently hold a 3-0 series lead. The Knicks' starting lineup for this game consists of Hart, Anunoby, Towns, Bridges, and Brunson; the Cavaliers' starting lineup features Strus, Mobley, Allen, Mitchell, and Harden.
The Svmuu Seer Prophecy Channel continues to monitor prediction markets, seeing the changes before the prices are set.
13:12
Svmuu reported that the ceasefire agreement reached between the United States and Iran in early April will be extended by 60 days. Ships of all countries will be able to sail freely and safely, just as they did before the strait was closed. (Jinshi)
12:57
Svmuu reported that according to Al Arabiya, a draft agreement between the U.S. and Iran has been reached. The draft agreement allows for the free opening of the Strait of Hormuz and the removal of naval mines; navigation through the Strait of Hormuz needs to be restored within 30 days. The agreement stipulates that the U.S. commits to easing the blockade on Iranian ports; it allows Iran to sell and export oil; it will provide specific sanctions exemptions for Iranian oil exports. The easing of sanctions on Iranian oil will be considered in phases, depending on Iran's implementation of its commitments. The agreement also states that nuclear negotiations will continue to reach a long-term consensus. (Jin10)
12:52
Svmuu News, according to Gate data, U.S. and Brent crude oil continue to decline, with Brent crude oil losing the $94 per barrel mark, dropping over 6% intraday.

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