Alchemy Acquires Solana Infrastructure Provider DexterLab

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On May 17th, as monitored by Onchain lens, a newly established wallet has just withdrawn 1.79 trillion PEPE from Binance, with a value of $22.22 million.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

On May 17th, as monitored by Onchain Lens, a whale address sold 5 million FARTCOIN at an average price of $1.18 and exchanged it for 5.92 million USDC.

On May 17th, according to Coinglass data, the top net inflows of funds in the cryptocurrency spot market within the past 24 hours are as follows: There is a net inflow of $152 million in USDT; There is a net inflow of $13.67 million in USDE; There is a net inflow of $10.65 million in FORM; There is a net inflow of $8.38 million in EUR; There is a net inflow of $3.67 million in UNI. The top net outflows of funds in the cryptocurrency spot market are as follows: There is a net outflow of $194 million in BTC; There is a net outflow of $113 million in USDC; There is a net outflow of $57.5 million in XRP; There is a net outflow of $52.68 million in SOL; There is a net outflow of $21.81 million in DOGE.