News alert 🚨 🆘 A wallet address associated with the TRUMP 🇺🇸 team has once again deposited 3.5 million $TRUMP tokens (worth approximately $52.66 million) to CEXs.
CoinGlass: the largest liquidation of shorts since 2021 has occurred. Shorts have liquidated ~$800 million in the last 24 hours.
Binance has not fully disclosed the liquidations and the actual numbers are higher.
CoinGlass reported that the cryptocurrency market experienced the largest liquidation of short positions since 2021, with approximately $800 million in shorts liquidated over a 24-hour period. This event was driven by a significant altcoin rally, particularly in Ethereum (ETH), Cardano (ADA), Dogecoin (DOGE), and Solana (SOL), which triggered widespread liquidations. the total liquidations reached around $837.8 million, with major contributions from Bitcoin ($341.3 million), Ethereum ($283.61 million), and Solana ($25.64 million). The largest single liquidation order was on Binance’s BTCUSDT pair, valued at $11.97 million. Notably, Binance has not fully disclosed its liquidation data, suggesting the actual figures could be higher. This short squeeze, described as the biggest since 2023 in some posts, reflects intense market volatility and leveraged trading activity, catching many bearish traders off-guard. $BTC #coinglass #SHORT📉
Sonic Labs surpasses 1m $S tokens distributed via Fee Monetization (FeeM) which lets builders earn 90% of the network fees they generate.
Sonic Labs has surpassed 1 million $S tokens distributed through its Fee Monetization (FeeM) program, a significant milestone for the EVM-compatible Layer-1 blockchain. The FeeM model allows developers to earn up to 90% of the network fees generated by their applications, mirroring Web2 ad-revenue models like YouTube but in a decentralized framework. This incentivizes developers to build high-quality, user-engaging apps, as their revenue is directly tied to the traffic and activity their apps drive on the Sonic network.
For context, when a user pays a gas fee in $S tokens for a transaction on a FeeM-participating app, 10% of the fee goes to network validators, while the remaining 90% is allocated to the FeeM contract (or "fee treasury"). Oracles monitor on-chain transactions to trace gas consumption, ensuring accurate distribution to developers based on their app’s activity. If an app does not participate in FeeM, 50% of the transaction fee is burned, and the rest is split between validators and the Ecosystem Vault, creating a deflationary mechanism for the $S token.
This milestone highlights Sonic’s developer-centric approach, apps have collectively earned significant $S tokens through FeeM, fostering a "meritocratic and symbiotic" relationship between developers and the network. The program’s success is further evidenced by its integration of key tokens like wS, USDC, USDT, WETH, and WBTC into the FeeM Vault, which captures 90% of fees from these contracts to support ecosystem growth, such as liquidity incentives and protocol integrations. Sonic’s high throughput (10,000+ TPS) and sub-second finality complement this model, making it an attractive platform for DeFi and Web3 innovation.#soniclabs $BTC #BTCBackto100K
Rumble Wallet in partnership with Tether. Goal is to become the most prominent non-custodial BTC and stablecoin wallet.
On May 9, 2025, Rumble CEO Chris Pavlovski announced that Rumble Wallet, in partnership with Tether, aims to become the leading non-custodial Bitcoin (BTC) and stablecoin wallet, targeting the creator economy. The wallet, set to launch in Q3 2025, will compete directly with platforms like Coinbase by offering creators faster, borderless payments using Tether’s USDT stablecoin and Bitcoin. This follows Tether’s $775 million investment in Rumble in December 2024, with $250 million allocated for growth initiatives. The wallet will integrate AI agents to manage payments and suggest Bitcoin savings strategies, enhancing creator monetization, especially in underbanked regions. Rumble’s prior Bitcoin purchases, including 188 BTC for $17.1 million in March 2025, underscore its crypto commitment.#rumblewallet #Tether
Bitcoin Surges Past $100,000: Bitcoin hit $101,679.85, its highest level since February, driven by optimism over a U.S.-UK trade agreement and a pro-crypto stance from the Trump administration. Spot Bitcoin ETF inflows and its outperformance against U.S. equity benchmarks underline its growing safe-haven status amid trade war concerns. However, analysts suggest it may remain range-bound between $70,000 and $109,350 unless it breaks its January high. - Coinbase Acquires Deribit: Coinbase, the lar