➥ What You Need to Know About Somnia
What @Somnia_Network is building might initially appear to be just another infrastructure play, but that's a misconception.
Somnia L1 = Extreme Scalability
⎯ Supports 1M+ transactions per second
⎯ Sub-second finality
⎯ Sub-cent fees
⎯ EVM compatibility
These achievements are possible because Somnia is supported by @Improbableio and @msquared_io, utilizing innovative technologies like Multistream Consensus, Sequential Execution, IceDB, and Advanced Compression.
This advancement enables fully on-chain games, real-time social applications, advanced DeFi solutions, and even on-chain machine learning training without performance degradation.
Somnia is currently live on its testnet, Shannon, boasting impressive metrics with over 1 billion transactions.
This is the perfect opportunity to explore the Somnia ecosystem, encompassing NFTs, games, DeFi and many more. Such as:
- @EuclidProtocol
- @SomnexXYZ
- @NFTs2Me
- @4UAICrypto
- @goplaylag
- @playSparkball
- @Sogni_Protocol
- @LootMogul
- @MaelstromRise
- @QuickswapDEX
- @coin98_wallet
And plenty more—check out the latest ecosystem update on @SomniaEco.
For active Yappers, the Somnia @KaitoAI Yap Storm leaderboard is your compass! Yap Storm rewards the top Yappers weekly, based on mindshare ratio:
- Top 20 Yappers share $5,000 USDC
- Top 100 Yappers divide 100,000 Somnia Points
And there's even more to come!
There's no better moment to dive into Somnia than right now!
May's crypto aggregate is out.
In May, we finally see ETH staging a rebound. Pectra upgrade took place and it has been good for ETH. The SEC also issued a statement stating that protocol staking does not involve the “offer and sale of securities”. Since late-April, Ethereum ETFs have experienced ~$1.5 billion in inflows.
We also see many more public listed companies trying to replicate what Michael Saylor did with Strategy. For example, Consensys announced a $425 million into Nasdaq-listed SharpLink Gaming to hold ETH in its corporate strategy. As at end-May, Galaxy Digital estimates that there’s at least ~$12.7 billion in outstanding corporate debt used to finance bitcoin treasuries, of which Strategy accounted for ~$8 billion.
Strategy’s market cap is currently trading at ~70% higher than the size of its Bitcoin treasury, while Japan’s Metaplanet (3350.T) market cap is ~5.7x larger than its Bitcoin holdings. Something for all of us to monitor is the mNAV metric and what happens when a company who has borrowed heavily sees their mNAV falls significantly below 1.
For the full writeup, read it here:
DOGE Drops 8% After U.S. CPI Data, Whale Accumulation and Network Activity Signal Resilience
Dogecoin (DOGE) experienced a significant price decline of approximately 8% over the past 24 hours, with the current price at $0.17459 according to Binance data. This drop is primarily attributed to broader cryptocurrency market weakness following recent U.S. CPI data, which triggered selling pressure across major digital assets. Technical indicators for DOGE remain bearish, with strong resistance at $0.24–$0.26 and analysts suggesting a possible move toward $0.15 if downward momentum persists. Despite the short-term decline, on-chain data shows ongoing accumulation by whale wallets and increased network activity, indicating some continued institutional interest. Dogecoin remains highly liquid, ranked among the top cryptocurrencies by market capitalization, and continues to see elevated trading volumes and active address growth.
ETH Token Drops 8.56% After 15-Week High Despite Strong Institutional Inflows and Record Futures
Ethereum (ETHUSDT) experienced a sharp decline of 8.56% over the past 24 hours, with the price dropping from a 24h open of $2,756.60 to $2,520.70 on Binance. This price drop follows a period of heightened volatility and comes after ETH reached a 15-week high earlier in the week, driven by strong institutional inflows—such as BlackRock’s addition of 58,100 ETH to its iShares Ethereum Trust—and record futures open interest above $20 billion. The recent correction is attributed to profit-taking by large holders after the rally, increased market volatility, and a broader risk-off sentiment impacting crypto markets. Despite this pullback, Ethereum maintains high trading volume ($29.3–$35.5 billion 24h), substantial market capitalization ($336.5–$344.6 billion), and strong cross-chain inflows, with ongoing institutional and retail participation continuing to support its medium-term outlook.
🚨 SEC Delays Decision on VanEck’s Spot Avalanche (AVAX) ETF
🏛 The U.S. Securities and Exchange Commission has once again hit pause—this time on VanEck’s proposed Spot Avalanche ETF, adding to the list of pending crypto ETF applications amid a wave of regulatory scrutiny.
🔁 This delay follows a similar hold-up on Grayscale’s AVAX ETF, signaling continued hesitation around altcoin-based ETFs.
📉 Meanwhile, the price of $AVAX dropped 5.97%, currently trading at $21.12, reflecting market uncertainty tied to regulatory action.
🌐 As the crypto investment landscape evolves, these ETF decisions could shape how institutional capital flows into emerging blockchain ecosystems.
#Avalanche #ETF #VanEck #Crypto #SEC
https://coingape.com/us-sec-delays-vaneck-spot-avalanche-etf/
I have said this many times before but let me say it one more time.
If you get bullish and buy on every pump, but bearish and sell on every dump...
You are going to lose all of your money.
You have to understand this one fact...
Every time we dip there will be fear, and very likely a narrative attached to that fear.
This time, its Israel and Iran war fears. Other times it recession etc.
And every single you will be able to quantify that fear in your mind.
"War is bad, prices are down, it will go down more cos war is bad., others are worried, it must be bad... im scared... SELL"
Then prices reverse cos the move has already happened.
And this is EXACTLY what it is designed to do to you.
Then on the other hand, when prices go up and everyone is bull posting gains...
"That project must be good, market must be good, everything is pumping, others are very bullish, i need to get in because i sold before... BUY"
It literally NEVER changes.
Only the current narrative does and the tokens you're looking at.
But the situation plays out the same way time and time again.
Here is the cold hard fact you need to learn if you want to be successful.
Every single buy you make will be hard, and the best buys will be the hardest. Because there will ALWAYS be fear surrounding lower prices, and lower prices are what you need to buy dips.
You literally cannot avoid it.
If you want to feel safe and happy when you are buying, you will be buying the top of a pump.
That's it.
So, therefore, understanding this...
We understand that in fact fear is a necessary part of this game and instead of using it as a sell signal...
We use it as a buy signal.
If you cannot detach emotionally from the fear and fomo you feel, and are constantly pushed and pulled by every change in narrative.
You will lose.
And you will lose fast.
🌌 Gate Wallet’s BountyDrop is LIVE! 🚀 Dive into the ultimate Web3 airdrop adventure with our revamped Discover tab! The Task & Airdrop sections are now unified as BountyDrop—a one-stop platform for tasks, on-chain interactions, and epic rewards! 🎉 Here’s why you’ll love it:
• Unified & Upgraded: Say goodbye to scattered tasks! BountyDrop combines Task Square & Airdrop into a sleek, intuitive interface with multi-chain filtering & reward tracking.
• Seamless Experience: Streamlined reward claiming, clear task progress, and historical data migrated for you—check “My Rewards” to stay on top!
• Launch Campaign Alert: Kick off with Mantle Ecosystem Month! Join 1200 participants to share $12,000 MNT by completing tasks for top projects like HyperPlay, Symbiosis, https://t.co/IdGVqAIsZN, and Vertex. 🤑
• Secure & Ready: Log in with your wallet, back up your seed phrase, and start earning with high-potential Web3 projects! 🔒
👉 Jump in now at Gate Wallet and unlock your airdrop rewards!
#BountyDrop #GateWallet #Web3 #MantleEcosystem
If you’ve ever felt like your brain is melting from too much crypto noise…
You're not alone.
Web3 is 24/7. No breaks. No chill.
Scams, charts, hacks, FOMO, LARPing influencers, it’s non-stop.
Now imagine a project that lets you laugh through it.
That’s where @theP33L comes in.
It’s not just memes. It’s therapy with utility.
It’s the comic relief Web3 desperately needed.
Instead of pretending to “make it,” P33L says:
“You’re not crazy. This space is insane. Let’s p33l back the BS together.”
Because let’s be honest, if we don’t laugh at this market, we’ll cry.
And the worst part? Most projects take themselves too seriously.
P33L knows this is the meme era, not the resume era.
So yeah… next time you’re feeling burned out from rug pulls, price dumps, or 4-hour Spaces about nothing,
With @theP33L be ready to;
Giggle. Shitpost. Earn.
And stay a little saner.
@thep33l = meme-powered mental health.
ADA Drops 6.8% Amid Profit-Taking After Nasdaq Index Inclusion and Cardinal DeFi Launch
Cardano (ADA) is currently trading at $0.6381 on Binance, down 6.82% over the past 24 hours from an open of $0.6848. The recent price decline follows a period of heightened volatility and appears to be influenced by profit-taking after ADA's inclusion in the Nasdaq Crypto US Settlement Price Index and the launch of the Cardinal DeFi protocol, both of which previously drove positive sentiment and price gains. Despite strong network activity, including surpassing 110 million transactions and increased large-holder accumulation since June 1, 2025, short-term technical indicators remain bearish amid declining trading volume and subdued market sentiment. ADA’s price performance continues to be shaped by broader altcoin market trends and recent technical resistance levels, with longer-term prospects tied to ongoing ecosystem developments and potential shifts in investor risk appetite.