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Black Monday Kickoff, Bitcoin Leading the Plunge, South Korean Stock Market Opens Sharply Lower

1 hours ago

On Monday, May 18, during morning trading, Bitcoin spearheaded a sharp sell-off across the cryptocurrency market. Within one hour, it plunged quickly below $77,000 before a minor rebound, and is now trading at $77,234.09. As a result, the global crypto market recorded $527 million in liquidations over that short period. Meanwhile, HYPE bucked the downtrend, emerging as one of the few top mainstream cryptocurrencies to gain value. The token rose following the announcement that trade.xyz’s pre-IPO launch is tied to SpaceX. As of press time, HYPE trades at $45.65, marking a 4.41% increase in the last 24 hours. Following the crypto swings, Asia-Pacific equities opened broadly lower. South Korea’s KOSPI index dropped 3% intraday and is currently at 7,267.97 points. Key market-moving news: Market panic has been stoked by reports that Trump is reconsidering launching airstrikes against Iran alongside Israel. Another sentiment factor: South Korea’s Samsung Electronics will hold the second round of post-labor-dispute mediation between management and unions at 10 a.m. local time today, a development that could significantly impact South Korean stock market risk appetite.
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A whale recently sold $35.73 million worth of WBTC over the past 3 days, still holding over $100 million in ETH and WBTC on-chain

On May 18, on-chain analyst Ai (@ai_9684xtpa) reported that address 0xB4d…B186a has once again sold $15.46 million worth of Wrapped Bitcoin (WBTC). Over the past three days, this wallet has offloaded a total of $35.73 million in WBTC. This address frequently transacts with blockchain builder Titan Builder, and currently holds $125 million in total assets—95% of which are in Ethereum (ETH) and WBTC—indicating a potential for further selling activity.

3 minutes ago

KelpDAO will cease supporting rsETH cross-chain on multiple chains starting June 15th.

May 18 – KelpDAO announced that, to uphold the highest security standards for rsETH, it will integrate with supporting blockchain networks. Effective June 15, the protocol will discontinue official cross-chain support for rsETH on the following chains: Optimism, Manta, Mode, Blast, Scroll, X Layer, zkSync, Zircuit, Swellchain, Hemi, Berachain, Sonic, HyperEVM, Unichain, TAC, Avalanche, Plasma Stable, MegaETH, Monad, and Movement. Users holding rsETH on these chains are required to bridge their assets back to Ethereum Mainnet before June 15. After the deadline, asset recovery remains possible but will incur a $100 USDC fee per address. The detailed recovery process will be announced around June 15.

3 minutes ago

Base Protocol's AI Project Surges, GITLAWB and Aeon Hit New Highs

May 18, as per GMGN market data. Despite this morning’s broader cryptocurrency market pullback, several AI-focused low-cap projects in the Base ecosystem are rallying against the trend: - GITLAWB hit a new all-time high (ATH) of $40.2 million; it’s currently trading at $34.77 million, marking a 29.68% 24-hour gain. - aeon also set a new ATH, peaking at $8.95 million, and is now at $8.3 million—up 70.45% over the past day. - MiroShark reached its own ATH, currently valued at $3.39 million, with an 86.06% 24-hour increase. BlockBeats cautions users that these low-cap projects come with substantial uncertainty and extreme price volatility, so investors should proceed with caution when trading them.

3 minutes ago

Union Negotiations Begin, Samsung Stock Price Sees Sharp Reversal

On May 18, according to market sources, negotiations between Samsung Electronics and its labor union officially began. Driven by the news, Samsung’s stock price saw a V-shaped reversal: it plummeted more than 3% at one point amid panic selling in the morning session, but later recovered to trade positive, with intraday gains expanding to 2.7%.

3 minutes ago

This Week's Token Unlock: PYTH, ZRO, and Others Will See Large Unlock

Per Token Unlocks data as of May 18, this week will bring large one-time token unlocks for PYTH, ZRO, and KAITO, with a combined total value exceeding $100 million. Key details are as follows: - Pyth Network (PYTH) will unlock 2.13 billion tokens on May 19, valued at roughly $92.46 million, accounting for 36.96% of its circulating supply; - LayerZero (ZRO) will see 25.71 million tokens unlocked on May 20, worth approximately $32.65 million, making up 5.07% of its circulating supply; - KAITO (KAITO) will unlock 17.6 million tokens on May 20, valued at about $8.51 million, representing 4.7% of its circulating supply.

3 minutes ago

Verus Ethereum Cross-Chain Bridge Hacked, Loses Approximately $11.58 Million

On May 18, cybersecurity firm Blockaid posted on X that its vulnerability detection system has discovered an attack on the Verus Ethereum cross-chain bridge, leading to approximately $11.58 million in losses.

3 minutes ago

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