the déjà vu with 2018/2019 is intense
ETH rallied hard off of $80. believers and holders were righteously indignant after being held down for so long
more middle-of-the-road participants looking for some kind of “logical” explanation on what could have possibly caused this, because ETH was “obviously” dead
haters doubled down on “it’s just a random pump” and “it’s way too early to say anything has changed.” a few started to socially hedge if not hedge their lack of ETH, “just in case”
well the entire market got humbled a bit in the months after that, retesting a higher low, and then just when recovery chances looked greatest after that rout, COVID happened. but the recovery afterwards was as glorious as the prophecies foretold, and the people loved ETH again, and all sins were forgiven by the mandate of heaven
so let hope history is repeating, as i can’t ignore the feels, but let’s also hope that it doesn’t repeat fully
#ETHCrossed2500 Binance to Adjust Collateral Ratios for Portfolio Margin Assets (Effective May 16, 2025)
Hey Binance users,
Starting May 16, 2025, at 06:00 UTC, Binance will adjust the collateral ratios for several assets in its Portfolio Margin program. The update should be completed in about an hour.
Here’s what’s changing:
Heads up: These updates will impact your Unified Maintenance Margin Ratio (uniMMR). Make sure to keep an eye on your uniMMR to avoid any surprise liquidations or losses.
Want to learn more?
Intro to Portfolio Margin Mode
Portfolio Margin Trading Rules
Collateral, Leverage & Limits
Thanks for choosing @Binance_Margin!@Orocryptonc ##Write2Earn
– The Binance Team
Posted: May 11, 2025
🚀 @LayerZero_Core unveils Hyperbridge, linking 50+ blockchains to @HyperliquidX’s high-speed DEX as open interest hits a record $5.6B.
📌 Hyperbridge enables one-click asset transfers (USDT0, USDe, PLUME, etc.) to Hyperliquid.
📌 Hyperliquid’s open interest surged to $5.6B on May 10, 2025.
📌 Developers gain simplified token deployment via Layerzero’s OFT standard.
OM Faces Renewed Volatility After 300 Million Token Burn and Governance Shift Amid Market Caution
OM/USDT experienced notable volatility over the past 24 hours, with the price trading between 0.37 and 0.44 USDT and registering a decline of approximately 6–7%. Trading volumes remained elevated, with around 36 million OM traded and a slight majority of sell volume, reflecting ongoing market caution following recent extreme price swings.
The recent price decline and volatility appear primarily driven by continued market reaction to the significant events in April, when OM/USDT experienced a rapid 90% drop and high liquidation volumes. In the past week, MANTRA implemented a 300 million OM token burn, updated its governance model, transitioned to inflationary tokenomics, and added new external validators. However, no major news or fundamental catalysts have been reported in the last 24 hours, and current trading activity seems to be influenced by technical factors, liquidity considerations, and lingering effects from the earlier market shock. The asset’s monthly and yearly performance remains negative, and participants are closely monitoring for signs of stabilization or further volatility.