Suspected Sonic Labs-Related Address Transfers 11.78 Million S Tokens to Binance, Valued at Approximately $5.55 Million

On May 26 (Monday), on-chain analyst "b-block" took to social media to alert the crypto community about a fake Uniswap website stealing funds from multiple wallets, with the scammer hoarding assets worth over $400,000. Stacy Muur, founder of Web3 marketing agency Green Dots, shared a screenshot of fake search engine sponsorship results, calling out Google for ignoring this issue for years—fake links are outranking the real ones, fueling ongoing fund theft from users. Per Etherscan data, the two flagged addresses hold roughly 146 ETH, worth approximately $306,000. DeFiLlama notes that fake ads on Google are a common source of phishing attacks. In an April report, the Crypto Nonprofit Organization Security Alliance (SEAL) highlighted that phishing activity on Google search spiked "significantly" in March. Attackers use either hijacked legitimate ad accounts or compromised payment accounts to place highly deceptive fake ads, bypassing Google’s automated checks by using URLs that look ge

May 26 — Per Hyperinsight’s on-chain monitoring, the TWAP (Time-Weighted Average Price) order flow for HYPE’s spot market on Hyperliquid flipped today, swinging from heavy buy-dominated activity to net sell-driven flow. A portion of these orders has already been executed. Hyperinsight estimates HYPE’s TWAP net selling pressure will reach $900,000 over the next 24 hours — a sharp reversal from last Thursday and Friday, when the same metric showed roughly $7 million in net buy orders. Looking at outstanding open orders, the largest single sell wallet address (0x519c721de735f7c9e6146d167852e60d60496a47) plans to offload approximately 48,000 HYPE tokens, with more than half of that amount already filled. The address still holds 77,200 HYPE tokens, currently valued at around $4.6 million. Update: The HyperInsight Bot is now live. Add @HyperInsightBot to your community, promote it to administrator, and enable its message-sending permissions to automatically sync real-time on-chain informa

May 26: According to market data from HTX, Bitcoin dipped below the $77,000 mark earlier this morning, with Ethereum seeing a continued slump. The ETH/BTC exchange rate has been on a downward trajectory since hitting a local high last August 24, hitting a fresh low in the current bear market and is now trading at 0.02713.

May 26: The privacy coin segment led losses, wiping out much of the cryptocurrency market’s recent gains. Data from HTX shows ZEC dropped as much as 5.2% to hit $619, making it the worst performer among the top 20 digital assets by market capitalization—though it remains 8.2% higher over the past seven days. Zcash has been among the top-performing crypto assets in recent weeks. Multicoin Capital’s disclosure of its ZEC holdings earlier this month, paired with growing broader interest in privacy coins, has drawn institutional attention to ZEC. Analysts note that this ~5% pullback, following a sharp rally, is largely a profit-taking move rather than new selling pressure; core buyers of privacy coins have been adding to positions throughout the uptrend, not offloading them. Hyperliquid’s HYPE token briefly overtook Dogecoin in market cap during Asian trading hours before pulling back. HYPE fell 4% to $59, while Dogecoin (DOGE) slipped 0.8% to $0.1009. Fueled by last week’s launch of per

On May 26, official sources from Abu Dhabi-based International Holding Corporation (IHC) announced the completion of a $30 million (110 million AED) transaction using the UAE dirham-backed DDSC stablecoin. The milestone marks the first major institutional use of the stablecoin since it secured regulatory approval, with the transaction executed on ADI Foundation’s institutional-grade Layer-2 blockchain, ADI Chain. Officials noted this multimillion-dollar deal underscores the maturity and readiness of the digital currency ecosystem, proving its capacity to handle large-scale institutional transaction volumes. DDSC was developed as a joint effort between IHC, First Abu Dhabi Bank, and Sirius International Holding, with technical support from the ADI Foundation. The UAE Central Bank’s approval of DDSC earlier this year is part of a broader regulatory push that has led to several dirham-pegged tokens being licensed. In a statement, IHC’s CEO said, “This transaction demonstrates that the U

May 26: DeFi yield protocol Pendle Finance announced it’s shifting its co-incentive focus entirely to its Limit Order (LO) mechanism, aiming to boost the platform’s liquidity depth and improve trade execution efficiency. Since the full LO incentive system launched roughly two months ago, limit orders now make up 71% of Pendle’s total Swap transaction volume—up from 44% prior to the rollout. Monthly LO trading volume has nearly doubled, cementing limit orders as a core driver of the protocol’s overall trading activity, per Pendle’s latest update. Right now, Pendle allocates approximately 6,500 PENDLE tokens weekly to limit order incentives, which supports around $400 million in notional order book depth. On an annualized basis, every $1 of incentives translates to $800 in liquidity, resulting in an 800x capital efficiency rate, the protocol noted. Pendle also unveiled new co-incentive rules: If a project contributes incentives in PENDLE, every $1 of their input earns an extra $0.22 w