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PancakeSwap will pay up to $8 million to Uniswap users who have paid high interface fees on its competitor’s platform. Eligible traders must match their Uniswap v3 holdings on PancakeSwap v3. The reimbursement campaign comes after Uniswap hiked its interface fees from .15% to .25% in April.
Drift Foundation has officially launched its token and opened airdrop claims. The airdrop consists of 120 million DRIFT tokens with a bonus component.
Viral web3 clicker game Notcoin has launched its cryptocurrency on the TON blockchain. Over 80 billion NOT tokens have been airdropped to participants amid crypto exchange listings.
The memecoin market cap today stands at $58 billion — having gained 10% in the last 24 hours — according to CoinGecko data.In contrast, the total cryptocurrency market cap increased by 5.5% over the same period, with the bitcoin price posting a 6% uptick.
Bitcoin short liquidations have spiked above $48 million in the past 24 hours.Bitcoin’s price has increased over 6% during this time, currently trading at $66,300
MakerDAO founder Rune Christensen said a future token named PureDai will serve as a fully decentralized alternative to Dai. PureDai will use ether and stETH as collateral and will have a free-floating peg. Dai holders will have the option to upgrade to PureDai once it becomes available, which is expected in a few years.
- 03:45An address starting with 0x917 deposited 53,063 ETH into CEX 6 hours agoPANews reported on May 17th that according to The Data Nerd, the whale address 0x917 deposited 53,063 ETH into Coinbase six hours ago, worth approximately $156 million. Four months ago, this address accumulated these ETH at an average price of $2332. If sold at the current price, its realized profit would reach $32.26 million.
- 03:35Jupiter now allows users to unpledge a portion of their JUP tokensThe Solana ecosystem DEX, Jupiter, has made two governance mechanism optimizations based on user feedback. The first allows users to partially cancel their JUP staking and vote while retaining some of the stakes. In addition, to give users more time to understand the proposal content, a timer has been added to the voting page that requires waiting for a few minutes before voting after opening a proposal.
- 03:30BTC options with a nominal value of 1.2 billion USD and ETH options worth 930 million USD are about to expireData from Greeks.live shows that on May 17, options delivery data: 18,000 BTC options are about to expire, with a Put Call Ratio of 0.63, the biggest pain point is $63,000 and the nominal value is $1.2 billion. Also, 320k ETH options are about to expire with a Put Call Ratio of 0.28; the biggest pain point is $3k and the nominal value is $930 million. Greeks.live states that this week was influenced by US stock Meme trend which led to significant capital inflows into BTC ETFs causing BTC's price to surge past $65k. However, outside of Memes crypto market remained weak as trading volume continued to decline reflecting in diverging option data for BTC and ETH. Looking at block trades and market trade structures all major term IV ended its downward trend entering sideways movement with not much room left for further declines. The balance between longs and shorts in BTC remains relatively even while weakness in ETH prices has led to continuous weakening of market confidence resulting in selling calls becoming absolutely dominant.
