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Low market cap tokens are heating up as May kicks off, with Dragonchain, ZORA, and Housecoin leading gains amid fresh bullish catalysts.
Stripe plans to initially target businesses outside the United States, European Union, and United Kingdom, aiming to offer faster and more efficient cross-border transactions.
Stellar (XLM) is riding strong bullish momentum with rising RSI and ADX readings. However, key resistance at $0.30 and critical support at $0.279 could decide its next big move.
Quick Take The Arbitrum Foundation said it withdrew from the Nvidia-backed Ignition AI Accelerator program after the chip maker requested not to be named in any public announcements. Earlier reports indicated that NVIDIA rejected Arbitrum’s bid to join the accelerator program. Arbitrum called the withdrawal a “sound business decision” in a statement.
- 12:57Lido Announces Upcoming Dual Governance to Mitigate Governance RisksPANews reported on May 9 that the liquid staking protocol Lido announced on the X platform that dual governance is about to be launched, and an outline of the dual governance framework has been presented, including aspects such as design, code selection, parameters, deployment, and launch. Dual governance is a dynamic time-lock mechanism that allows stETH holders to exit Lido on Ethereum when faced with contentious Lido DAO governance proposals. By providing an exit path for stETH holders that is unaffected by governance, dual governance represents an important step for Lido in reducing governance risk on the Ethereum protocol.
- 12:05Stablecoin Protocol Falcon Finance TVL Surpasses $260 MillionAccording to Odaily Planet Daily, official data shows that the stablecoin protocol Falcon Finance, launched by Andrei Grachev, has surpassed $260 million in TVL, currently reported at $260.86 million. The APY for its staked version token sUSDF is currently reported at 11.45%. Its stablecoin USDF is now listed on CEX, and Falcon Finance has also integrated the WLFI stablecoin USD1. Previously, it was reported that DWF Labs partner Andrei Grachev stated that Falcon Finance will have its own rewards program and governance token.
- 12:04A whale shorting 115,000 SOL closes position before liquidation, losing $1.05 millionAccording to a report by Jinse Finance, monitored by on-chain analyst Ember, a certain whale who shorted 115,000 SOL (approximately $20.13 million) closed their position before liquidation, incurring a loss of $1.05 million (-86%). As the price of SOL continued to rise, approaching this whale's liquidation price, they closed their short position of 115,000 SOL (approximately $20.13 million) at a price of $175 before the liquidation price.