Ronin will migrate to Ethereum to become an Optimistic Rollup Layer 2, and RON inflation will decrease to less than 1%.
April 29th — Gaming public chain Ronin announced it will migrate to Ethereum Layer 2 on May 12, with roughly 10 hours of downtime for on-chain operations during the transition. Normal operations will resume post-migration.
The new underlying architecture will be built on the OP Stack, integrating EigenDA as its data availability (DA) layer. Users are advised to unbond their RON stakes before the May 12 migration; otherwise, the system will automatically unbond stakes after the migration completes.
The core goal of the move is to leverage Ethereum’s security, data availability, and finality, while bringing mature on-chain gaming infrastructure to the Ethereum ecosystem. As the underlying network for popular titles like Axie Infinity and Pixels, Ronin calls this a key milestone in its ecosystem development.
Post-migration changes include:
- RON’s annual inflation rate dropping from over 20% to below 1%
- The treasury receiving ongoing revenue from staking, Sequencer net proc
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Analysis: Bitcoin Spot Trading Volume has dropped to the level last seen at the end of the previous bear market
On April 29th, analyst Darkfost reported that Bitcoin spot trading volume in April has continued to plummet, hitting levels last seen in September 2023—the tail end of the prior bear market.
Since March, major centralized exchange (CEX) Bitcoin spot volumes have nosedived, with Binance alone posting a roughly $25 billion decline.
Darkfost cites macroeconomic pressures—including uncertainty over the Iran conflict and persistent inflation concerns—as the key driver, noting these factors have eroded investors’ confidence in holding long-term spot positions.
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Pendle Emerges as RWA Yield Core: Inflows of Funds and Yield from Apollo, Paxos, Ethena, Strategy, and More
April 29 — DeFi researcher Stacy Muur (@stacy_muur) notes that as the stablecoin market cap tops $310 billion and real-world assets (RWAs) ramp up on-chain adoption, Pendle is emerging as core infrastructure for the on-chain fixed-income market.
Per the report, a flood of RWA yields is flowing into Pendle—including returns from traditional finance assets like U.S. Treasuries, private credit, corporate bonds, and dividends from Nasdaq-listed firms. Through its PT/YT yield-splitting mechanism, Pendle converts floating yields into fixed-rate products, meeting institutional demand for predictable returns.
Several top TradFi and DeFi projects have already integrated with Pendle:
- An Apollo Global Management credit fund with over $840 billion in AUM has integrated via the Ember protocol;
- Strategy’s STRC dividend income has been tokenized by Saturn and Apyx and listed on Pendle;
- Paxos’ U.S. Treasury-backed stablecoin USDG hit over $120 million in TVL within two months;
- Et
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On-chain Twin Whales Short Bitcoin with 40x Leverage, Liquidation Price Less Than 1% from Entry
April 29 — Per Hyperinsight monitoring (via its Telegram channel @HyperInsight), within the past hour, two whales on the Hyperliquid platform simultaneously opened 40x leveraged short positions on Bitcoin (BTC) near $77,000 after the token rebounded above that level.
Total position size: ~$9 million, with an average entry price of ~$77,100.
Both addresses have set their liquidation prices at ~$77,900 — less than 1% above their average entry. A $9 million on-chain liquidation could trigger if BTC rebounds to $78,000.
Addresses:
0xd736d75130dfe60e0f93a8788cc0e0bbf0eb35e1
0x8fcc8f55d7a8cdaee770a9e4112725d4a2c60492
5 minutes ago
Market Volatility Puts Pressure on Hyperliquid Core Market-Making Address, Wintermute and Auros Global Also Record Losses
On April 29th, HyperInsight monitoring data shows the crypto market saw significant volatility overnight into this morning. Liquidity providers faced a surge in buy orders, with two top LPs on the Hyperliquid platform—Wintermute and Auros Global—suffering varying losses.
Wintermute’s LP address recorded an estimated daily loss of $1.1 million. Its key positions include a $23.4 million ETH long, a $16.3 million BTC short, and it provides liquidity for 96 tokens.
Auros Global’s LP address posted an estimated daily loss of $400,000. Its main holdings consist of a $44.8 million BTC long, plus $18 million in combined SOL and XRP longs, and it offers liquidity for 175 tokens.
Relevant addresses:
0xecb63caa47c7c4e77f60f1ce858cf28dc2b82b00
0x023a3d058020fb76cca98f01b3c48c8938a22355
5 minutes ago
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