XRPL Developer Security Alert: XRP Community Must Beware of Scam Activities Involving Fake Wallets and Airdrops
May 25 — XRPL developer Wietse Wind has issued the latest security warning to the XRP community, noting that scams targeting XUMM Wallet users have been surging recently. Scammers are currently pushing fake desktop wallet applications and running phony airdrop campaigns to trick users into connecting their wallets or downloading malicious software to siphon off their funds.
Wind’s key reminder to users: Never connect your wallet to untrustworthy websites, and steer clear of downloading any unofficial applications — this is crucial to protecting your assets from being lost.
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A certain whale is planning to short the ETH rebound from its peak, intending to open a position worth $12.05 million.
On May 25th, Hyperinsight monitoring (via their Telegram channel at https://t.me/HyperInsight) shows Ethereum (ETH) bounced back from near $2,000 over the weekend. Six hours ago, a whale on Hyperliquid placed two large sell orders to short 5,614.9 ETH across the $2,115–$2,149 price range, with an estimated total position size of roughly $12.05 million. If these orders are fully executed, their volume-weighted average price (VWAP) entry will be approximately $2,147.58. The whale’s wallet address is: 0xf517639a8872e756ac98d3c65507d2ebc25cc032.
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Hong Kong Financial Secretary: Hong Kong's Digital Asset Development and Regulation Were Advanced Earlier Than Europe
May 25: Hong Kong Financial Secretary Paul Chan released his "Secretary's Blog", stating that leveraging blockchain and artificial intelligence (AI) is an inevitable trend for the future of financial development. However, this tech also brings practical governance challenges—such as criminals and terrorists attempting to exploit regulatory arbitrage for money laundering and fundraising activities. Hong Kong has taken the lead over Europe in the principles, practices, and experience related to the development and regulation of digital assets. There is ample room for cooperation and mutual learning between the two regions, which will not only promote the healthy growth of the industry but also contribute to global governance efforts.
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Current mainstream CEX and DEX funding rates indicate the market remains significantly bearish
May 25th — per data from Coinglass — as Bitcoin posted a minor gain while remaining in a consolidation phase, current funding rates on major centralized (CEX) and decentralized (DEX) crypto exchanges indicate significant bearish market sentiment, as outlined in the attached image.
BlockBeats Note: The funding rate is a fee established by cryptocurrency exchanges to maintain parity between perpetual contract prices and the underlying asset’s value. This is a fund transfer mechanism between long and short traders; exchanges do not retain these fees. Instead, the funding rate adjusts the cost or profit for traders holding perpetual contracts to keep the contract price closely aligned with the underlying asset’s market price.
A funding rate of 0.01% serves as the baseline: a rate above 0.01% generally signals bullish market sentiment, while a rate below 0.005% typically points to bearish sentiment.
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MoonPay has launched an exclusive app on ChatGPT, allowing users to directly purchase cryptocurrency
May 25 – MoonPay has integrated cryptocurrency purchasing functionality directly into ChatGPT, allowing users to generate checkout links to buy digital assets including Bitcoin, XRP, Solana, and USDC without exiting the OpenAI chatbot entirely.
The payment and crypto firm has also launched a dedicated app within the ChatGPT Apps ecosystem, marking its latest addition to OpenAI’s growing suite of crypto-focused tools. It joins other crypto apps on the platform such as Kraken, OKX, CryptoAudit, and RealOpen.
Unlike most of these existing ChatGPT crypto apps, which primarily offer blockchain data and price lookup features, MoonPay’s app differentiates itself by enabling direct cryptocurrency purchases while seeking to educate consumers about digital assets through this functionality.
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Hyperliquid Whale Bearish on SpaceX Pre-IPO Implied Valuation, Discrepancy of $137 Billion Between Two Pre-IPO Contracts
May 25, per Hyperinsight monitoring, on Hyperliquid, there are 7 whales holding over $1 million in SPCX tokens. All of the top five largest holders are currently in short positions. The three biggest whales each hold more than $3 million in SPCX, with entry prices clustered between $204 and $205 — implying SpaceX’s valuation is roughly $24.2 trillion to $24.33 trillion.
The largest whale here, operating under address 0xf51, is short 19,022 SPCX tokens with 5x leverage. Its position is worth about $3.95 million, at an average entry price of $204.1. The current contract price for SPCX is $207.9, leading to an unrealized loss of approximately $70,000 (or -5%).
A key note: there’s a gap in SpaceX’s implied market value between Hyperliquid’s two major Pre-IPO contracts:
- SPCX/USDC (hosted on trade.xyz): Launched on May 18, its current price suggests a fully diluted valuation of ~$24.67 trillion (using a reference fully diluted share count of 11.87 billion). This contract has a daily trad
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