Новини

Aave founder and CEO Stani Kulechov has expressed concerns over the use of Total Value Locked (TVL) as a primary metric for valuing DeFi lending protocols. According to ChainCatcher, Kulechov argued that TVL measures net collateral rather than actual lending activity. He highlighted that by the end of 2025, Aave's supply scale is projected to be around $52 billion, with active loans at approximately $22 billion and borrowing interest flow exceeding $700 million. In contrast, SoFi's deposits are estimated at $37.5 billion, with a loan book of about $38 billion and loan income around $1.8 billion.
Kulechov pointed out that in traditional finance, deposits are considered liabilities or capital costs, while loans are income-generating assets. Lenders typically evaluate based on loan books, interest income, spreads, and asset growth. However, the DeFi market tends to focus on TVL and DAO retained fees. He emphasized that Aave's lending business, under a traditional financial accounting framework, aligns more closely with a $700 million lending operation rather than a $150 million revenue protocol. Kulechov concluded that TVL is not the income foundation for lending protocols; instead, loan books and interest flows are the core metrics.

Polkadot has announced a vote on significant changes to its network staking architecture. According to ChainCatcher, the proposal, known as Referendum 1890, suggests that validators on Polkadot must lock at least 10,000 DOT as self-stake.
This reform is a prerequisite for the next phase of staking upgrades, which include features such as exemption from slashing for nominators and faster unbonding times, reducing the period from 28 days to approximately 24-48 hours. The proposed changes aim to have validators absorb slashing risks through substantial self-stake exposure, allowing nominators to continue earning staking rewards without risking their principal.
If approved, these changes will remove two major barriers to participation in Polkadot staking, thereby reducing risk for nominators and shortening exit times.

The Federal Reserve's April meeting minutes reveal a significant change in its stance, according to analyst Eamonn Sheridan. The previous emphasis on responding 'flexibly and swiftly' to economic data has been replaced with new language. According to ChainCatcher, persistent high inflation and uncertainties surrounding the Iran conflict may necessitate a prolonged pause in policy adjustments.
New Fed Chair Kevin Warsh faces a complex inflation scenario, with officials noting that rising fuel costs are impacting shipping rates and airline ticket prices, thereby spreading inflationary pressures. Market expectations suggest that if inflation does not subside, the Federal Reserve might consider raising interest rates again by late 2026 or early 2027.

Michael Saylor, founder and executive chairman of Bitcoin Treasury company Strategy, announced on the X platform that he has purchased bonds this week instead of Bitcoin. According to Odaily, Saylor mentioned that ₿itVac is currently recharging.

According to The Block, Ethereum co-founder Vitalik Buterin published a blog post outlining a leaner future for the Ethereum Foundation, pledging to sell less ETH and focus on "longevity over breadth" as the foundation navigates a wave of high-profile researcher departures. Buterin warned that pursuing high TPS at the cost of decentralization is "a route to mediocrity," arguing it is unacceptable for Ethereum to rely on social consensus and hard forks to recover from 34% of nodes going offline. He described ETH as Ethereum's most valuable product financially and said the EF will be a "smaller ship" and "more opinionated" going forward, with its new structure stabilizing over the next few months.

Cryptocurrency markets have seen a recovery of approximately $75 billion in total capitalization following an update from U.S. President Donald Trump regarding a peace agreement with Iran. According to Cointelegraph, Trump announced on Truth Social that a deal has been "largely negotiated" between the United States, Iran, and several Middle Eastern countries, including Saudi Arabia, the United Arab Emirates, Qatar, Pakistan, Turkey, Egypt, Jordan, and Bahrain.
Trump stated that the agreement is subject to finalization and that the final aspects and details are currently being discussed, with an announcement expected soon. A significant component of the deal includes reopening the Strait of Hormuz, a critical waterway whose closure has led to increased global energy prices and impacted the cost of living in many countries. The closure has also affected investments in high-risk assets like cryptocurrencies, which have seen a retreat in recent times.
The announcement comes amid a fragile ceasefire that began in early April, following several unsuccessful attempts to reach an agreement between the U.S. and Iran. U.S. Secretary of State Marco Rubio, during a visit to India, reiterated Trump's demands for a peace deal, emphasizing that "Iran can never have a nuclear weapon," and that the straits should be open without tolls, with Iran required to turn over its enriched uranium.
In response to the news, the cryptocurrency market reacted positively. Bitcoin prices, which had fallen to a five-week low of $74,250 on Saturday, saw a recovery, reaching the 50-day exponential moving average at $77,000 in early trading on Sunday. However, it later fell back to $76,800 at the time of publication. Despite the minor recovery, Bitcoin remains in a downtrend, having failed to break resistance at $82,000, and is still down 39% from its peak in October.

According to the announcement from Binance, the platform has introduced a new Word of the Day (WOTD) game, focusing on the theme of "Binance AI Safety." This educational initiative aims to enhance users' crypto vocabulary and keep them informed about the latest market trends. The activity period is set from 2026-05-25 00:00 (UTC) to 2026-05-31 23:59 (UTC).
Participants can engage in up to two WOTD games daily, testing their knowledge on the specified topic. Users who correctly answer at least three questions during the activity period will qualify to share a 12 BNB reward pool. The distribution is based on the proportion of correct answers each user provides, with a maximum reward cap of 0.01 BNB per user. Additionally, those who achieve at least three correct answers and participate on five or more separate days will be eligible to share an extra 3 BNB reward pool equally among all qualifying participants. All rewards will be distributed by 2026-06-15 23:59 (UTC) to the users' Rewards Hub, and eligible users must claim their vouchers before they expire.
To enable a second WOTD game, users need to click the "Get A New WOTD" button after the first game and share the featured link on social media. The second game unlocks once the shared link is clicked by a logged-in user. New users registering with the "WOTD" referral code during the activity period will receive a 10% discount on Spot trading fees and may qualify for additional welcome rewards by completing tasks at the Rewards Hub within 14 days of registration.

Polkadot has introduced a proposal to set a minimum staking requirement of 10,000 DOT for validators, with voting currently underway. According to Foresight News, the proposal outlines the use of the Dynamic Allocation Pool (DAP) mechanism to optimize issuance and expenditure structures. Validators must meet the minimum staking requirement by the end of May. Additionally, nominators will no longer face forfeiture risks and will benefit from a quick unbinding period of up to two days. Starting mid-June, the protocol will implement budget splitting, separating validator staking incentives from nominator rewards management. By the end of 2026, validator operating costs are expected to transition to fixed stablecoin payments, with adjustments to the number of active validators based on actual demand.

Vitalik Buterin, co-founder of Ethereum, disclosed on X that nearly 90% of his net worth is in ETH. According to Odaily, the remaining portion consists of approximately $40 million in on-chain fiat currency. Each dollar of this fiat is allocated to various open-source biotechnology, software, or hardware projects.

According to Bloomberg, White House chief economic adviser Kevin Hassett said an eventual Iran peace deal would send energy prices plummeting and create room for the Federal Reserve to lower interest rates. "As soon as there's a deal, we expect energy prices to plummet — and when that happens, there will be a lot of room for the Fed to do the right thing at lower rates," Hassett said on Fox News' Sunday Morning Futures. He noted that core inflation has been "barely moving" and argued that a drop in energy costs could even produce negative inflation. The remarks came as Trump posted that Iran negotiations are "proceeding in an orderly and constructive manner." The April CPI rose 3.8%, the fastest in nearly three years, while core CPI hit 2.8%. Hassett also praised newly sworn-in Fed Chair Kevin Warsh, emphasizing he respects the central bank's independence.

Aptos has announced the successful implementation of three tokenomics proposals. According to Foresight News, these changes include the activation of a hard cap supply limit of 2.1 billion tokens, a reduction in staking rewards from 5.19% to 2.6%, and a tenfold increase in gas fees.

The Nikkei 225 Index has reached a new record high, surpassing 65,000 points. According to Odaily, the index rose by 2.64% during the day.

HYPE has ascended to the 9th position in total cryptocurrency market capitalization. According to NS3.AI, its market cap has reached approximately $15.86 billion.

10x Research has reported a bearish shift in its Bitcoin trend model, attributing this change to approximately $2.7 billion in Bitcoin ETF outflows. According to NS3.AI, the firm also noted that Michael Saylor recently suggested that Strategy, formerly known as MicroStrategy, might consider selling a portion of its 843,000 BTC holdings in the future.

A Satoshi-era miner has transferred 2,650 bitcoins to market makers FalconX and Cumberland. According to BlockBeats On-chain Detection, this transaction was monitored on May 25. The miner still retains 6,000 bitcoins.

Bitcoin has experienced a rebound as reports suggest a potential agreement between the United States and Iran. According to PANews, the market capitalization of HYPE has surpassed that of Dogecoin (DOGE). Meanwhile, Ethereum whales are reportedly facing unrealized losses amounting to billions of dollars. Additionally, SpaceX is preparing for an initial public offering (IPO), and there has been a significant increase in on-chain transactions involving AI agents.

According to Odaily, HyperInsight monitoring reveals that Loracle, the largest short position holder of HYPE, placed a $75 million short order at a price of $64 this morning. Additionally, Loracle has added new short positions in VVV. As of the time of reporting, Loracle's total short positions are valued at $143 million, with the largest position being 1.8055 million HYPE tokens, having a liquidation price of $89.

HYPE has reached a price of $62.42, according to Coinmarketcap data. Its market capitalization is currently reported at $15.86 billion, surpassing DOGE's $15.832 billion, placing it ninth in total cryptocurrency market value.

Two previously inactive wallets have transferred 1,650 BTC to FalconX after more than a year of dormancy, according to ChainCatcher. This transaction, monitored by Lookonchain, occurred six hours ago.

Hyperbot data reveals that Huang Licheng, known as Machi Big Brother, has faced partial liquidation of his 25x leveraged Ethereum long position. According to Odaily, he has continued to add to his position, now holding 5,950 ETH valued at approximately $12.5 million. The position shows a floating profit of $25,000, with a return on investment of 5.05%.

Analyst Lloyd Chan from Mitsubishi UFJ Financial Group has indicated in a report that a reduction in geopolitical risks could lead to a significant reversal in investor positions on the U.S. dollar. According to Odaily, the report highlights that the dollar's current strength continues. Meanwhile, Gulf countries, including the UAE, Saudi Arabia, and Qatar, are advocating for diplomatic solutions to the situation and cautioning against escalating tensions.

Flare, a DeFi project within the XRP ecosystem, announced that Monarq Asset Management's vault is now accessible via D'CENT Wallet, supporting Flare Smart Accounts (FSA). According to Foresight News, this follows Clearstar Labs' previous integration of vault options through Xaman Wallet on Upshift. The official statement indicates plans to expand vault options and wallet support while maintaining the existing FSA infrastructure.

The primary market is experiencing a recovery, with funds predominantly directed towards decentralized finance (DeFi), centralized finance, and infrastructure sectors. According to PANews, this trend indicates a renewed interest in these areas as investors seek opportunities in the evolving financial landscape.

WTI crude oil prices dropped more than 5% in early trading on May 25, driven by growing optimism over a potential U.S.-Iran agreement to reopen the Strait of Hormuz. According to NS3.AI, a senior U.S. official indicated that both parties are nearing a deal, although final approval may take several days. Meanwhile, Iran's Tasnim news agency cautioned that the draft agreement remains fragile and could still fall apart.

A trader has reportedly earned $2.4 million by betting on the outcome of the conflict between the United States and Iran. According to PANews, the trader achieved a success rate of 98% in their predictions related to the geopolitical tensions. This significant profit highlights the financial opportunities that can arise from accurately forecasting international events.

Bitcoin's apparent demand has decreased to approximately -147,000 BTC, marking its lowest point this year, according to Darkfost. The market sentiment has not been this bearish since last December, as noted by Darkfost.

Cambrian shares have surged more than 10%, reaching a peak price of 1,434 yuan, marking a new historical high. According to Odaily, this significant increase in stock value highlights the company's strong performance in the market.

U.S. Federal funds futures experienced an increase, with the December contract rising by 6 basis points. According to ChainCatcher, this development was reported by Jinshi News, highlighting a shift in market expectations regarding interest rates.

A recent report by Socket Security has revealed an ongoing supply chain attack named TrapDoor, targeting software package repositories such as npm, PyPI, and Crates.io. According to ChainCatcher, the attack has already resulted in the discovery of 34 malicious software packages and 384 versions and artifacts, with attackers continuously releasing new versions across these ecosystems.
TrapDoor specifically targets developers in the cryptocurrency, DeFi, AI, and security sectors. The attack aims to steal sensitive information, including wallet data, SSH keys, cloud credentials, GitHub tokens, browser data, environment variables, and API keys. Socket Security noted that the median detection time for these malicious versions is 5 minutes and 27 seconds, with the fastest detection occurring just 58 seconds after release.

The CME's FedWatch tool indicates a 97.3% probability that the Federal Reserve will keep interest rates unchanged in June. According to Jin10, there is a 2.7% chance of a cumulative 25 basis point rate hike. Looking ahead to July, the probability of maintaining the current rate is 84.8%, with a 14.8% chance of a 25 basis point increase and a 0.3% chance of a 50 basis point hike.

The Hong Kong stock market is closed today in observance of the day following Buddha's Birthday. According to Jin10, both southbound and northbound trading are suspended for the day.

Gold prices increased to $4,569.20 per ounce, according to NS3.AI. Meanwhile, WTI crude oil experienced a 5.14% intraday drop, reaching $95.57 per barrel.

On May 25, a notable withdrawal of SAHARA tokens was detected. According to BlockBeats On-chain Detection, two wallet addresses withdrew 111 million SAHARA tokens from centralized exchanges (CEX), accounting for 3.4% of the token's circulating supply. This transaction involved a total value of $3.81 million.

CoinMarketCap's Altcoin Season Index currently stands at 33, suggesting that Bitcoin has maintained its dominance over altcoins. According to NS3.AI, the index evaluates whether 75% of the top 100 cryptocurrencies have outperformed Bitcoin in the last 90 days. A reading below 75 indicates that Bitcoin has outperformed the majority of altcoins during this period.

TEA Protocol has announced its participation in Aerodrome's Aero Ignition initiative, with the TEA token's Token Generation Event (TGE) set for June 4. According to NS3.AI, the Aerodrome community is scheduled to start voting on May 28 to decide on the allocation of liquidity and incentives for the project.

Oura Health Oy, a Finnish smart ring manufacturer, has confidentially submitted a draft S-1 registration statement to the U.S. Securities and Exchange Commission on May 21, aiming to go public on the U.S. stock market later this year. According to ChainCatcher, Goldman Sachs and JPMorgan Chase will act as lead underwriters for the IPO.
Founded in 2013 in Oulu, Finland, Ōura was established by Petteri Lahtela, Kari Kivelä, and Markku Koskela, all of whom have backgrounds with Nokia and Polar, a global leader in heart rate monitoring. In October 2025, the company completed a Series E funding round led by Fidelity Investments, raising $875 million and achieving a post-money valuation of $11 billion. Prior to this, the company had raised over $1.5 billion in total funding.

According to Odaily, monitoring by Lookonchain reveals that '1011 Whale' agent Garrett Jin has purchased a total of 145,050 HYPE tokens over the past four days, valued at approximately $9.05 million. Jin has also set a TWAP order to acquire an additional 39,940 HYPE tokens, worth around $2.44 million.
In addition, Jin currently holds a long position of 504.4 BTC, valued at about $38.9 million, and a short position of 57,460 ZEC, valued at approximately $38 million. The overall current unrealized loss stands at around $2.11 million.

Samsung Group's largest union has reported a significant increase in the approval voting rate for the preliminary agreement on 2026 wages and collective bargaining. According to Jin10, expectations for the agreement's approval are rising. However, debates over fairness are expected to continue due to the substantial bonus disparities between the semiconductor and device experience divisions, as well as between memory and non-memory sectors. As of 8:29 a.m. local time on May 25 (7:29 a.m. UTC+8), 49,363 out of 57,291 eligible voters had cast their votes on the preliminary wage and collective agreement, resulting in a voting rate of 86.16%, according to the union. This vote is the final step in deciding whether to accept the preliminary wage and collective bargaining agreement reached between labor and management. The agreement centers on allocating 10.5% of the DS division's operating performance as a special management performance bonus fund, to be paid in the form of treasury shares. Industry observers believe that members of the DS division, who make up about 80% of the entire union membership, are likely to push the agreement through. The vote will be finalized if a majority of eligible members participate and a majority of those voting are in favor. Voting will conclude at 10 a.m. on May 27.

A Singapore Monetary Authority (MAS) official stated that the situation depends on market expectations regarding the gradual appreciation of the Singapore dollar. According to Jin10, the official emphasized the role of market sentiment in determining the currency's trajectory.

Zhuhai is rapidly developing a comprehensive display industry chain, covering chip manufacturing, packaging, testing, and terminal applications. According to Jin10, Huacan Optoelectronics' Micro LED high-end chip integration project, with a total investment of 5 billion yuan, has been established in Zhuhai. This includes the world's first 6-inch Micro LED mass production line, which has achieved large-scale delivery. Additionally, BOE Zhuhai's Mini LED production line is continuously expanding its capacity. Once fully operational, the project is expected to generate an annual output value of 5 billion yuan and contribute approximately 500 million yuan in annual taxes. Zhuhai Technology Industry Group, the second-largest shareholder of Huacan Optoelectronics, strategically invested nearly 3.4 billion yuan in the company in May 2021.