U.S. Senator: Stablecoin Legislation GENIUS Could Receive Senate Approval as Early as Next Week

On May 17th, based on Farside's monitoring data, this week the US Ethereum spot ETF witnessed a total net inflow of $41.8 million.

On May 17th, as monitored by Farside Investors, the cumulative net inflow of the US Bitcoin spot ETF this week was $608 million. This includes: - BlackRock IBIT: +$841.7 million - Fidelity FBTC: -$122.2 million - Bitwise BITB: -$14.9 million - ARK ARKB: -$68.8 million - JPMorgan BTCO: -$2.5 million - VanEck HODL: +$7.3 million - Grayscale GBTC: -$72 million - Grayscale BTC Mini: +$39.8 million

On May 17th, a new report from CryptoQuant indicated that ETH has quietly dropped to a historically rare range. A market signal shows that ETH is severely undervalued compared to BTC. This signal stems from Ethereum's ETH/BTC market value-to-realized value (MVRV) ratio, which is used to measure a relative valuation indicator of market sentiment and historical trading patterns. Historically, whenever this ratio has reached similar low levels, ETH has witnessed significant price increases and outperformed BTC by a large margin. CryptoQuant believes that investors seem to have become aware of this. With a sharp increase in the demand for ETH ETFs, the proportion of ETH held in BTC ETFs has risen significantly since the end of April. This shift in allocation indicates that institutional investors expect ETH to outperform BTC, possibly due to recent protocol upgrades like EIP-1559 or a more favorable macroeconomic environment. CryptoQuant suggests that the current ETH/BTC price ratio has re

On May 17th, as monitored by Onchain lens, a newly established wallet has just withdrawn 1.79 trillion PEPE from Binance, with a value of $22.22 million.

On May 17th, according to official channels, eligible users who possess at least 196 Binance Alpha Points can commence claiming an airdrop of 3,935 REX tokens on the Alpha Activities page starting from 7:00 UTC on May 17th, 2025. It should be noted that claiming the REX airdrop will consume 15 Binance Alpha Points. Users are required to confirm the claim on the Alpha Activities page within 24 hours (before 7:00 UTC on May 18th, 2025); otherwise, it will be regarded as a waiver of the claim.

On May 17th, according to an official statement, due to the fact that the latest product failed to reach the anticipated user base and in combination with the numerous challenges faced by the current Web3 market environment, the blockchain game Nyan Heroes was unable to obtain the funding required to maintain the studio's operations and ultimately made the decision to cease operations. It is reported that Nyan Heroes received over 250,000 player reservations on the Epic and Steam platforms, and the four testing events attracted a total of over 1 million players. The game had appeared on Epic Games' popular and most-played lists multiple times and received coverage from traditional media such as IGN, Business Insider, and Game Rant. Despite discussions by the project team on options like distribution, new investment, grants, and acquisition, they were ultimately unable to raise the necessary funds to complete game development.