Bitcoin Flash Crash: Nearly $527 million Liquidated Across the Network in One Hour, Mainly Long Positions

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%.

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.

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.

May 18 Update: Trade.xyz’s Pre-IPO (Pre-IPO Contract) announced this morning that it’s now listed on SpaceX. As of press time, SPCX is trading at $216, translating to a $2.56 trillion valuation. In the first hour after the trading pair went live, trading volume reached $11.48 million, and open interest rose to $12.34 million.

May 18 — Jeffrey Gundlach, CEO of DoubleLine Capital LP and widely known as the “New Bond King,” told Fox News’ *Sunday Morning Futures* that there will be no interest rate cut at the Federal Reserve’s upcoming policy meeting. “In my view, a rate cut isn’t feasible right now when the 2-year U.S. Treasury yield is nearly 50 basis points higher than the federal funds rate,” he noted. Gundlach added that newly confirmed Federal Reserve Chair Kevin Warsh is taking over amid a “difficult period.” The ongoing war with Iran has driven oil prices up, which has in turn impacted U.S. inflation data. April’s Consumer Price Index (CPI) surged to 3.8%—the fastest pace since May 2023—and Gundlach predicts this upward inflation trend will persist. DoubleLine Capital’s model shows the next headline CPI reading will come in at a figure starting with a “4.” On the stock market, Gundlach commented: “The market is very expensive and highly speculative, but consistent earnings that beat expectations are

On May 18, Ethereum co-founder Vitalik Buterin weighed in on Ethereum’s state storage challenge. He explained that even though users store raw data themselves, the blockchain only retains hashes of that data, and transactions include only proofs—but the data required to verify those proofs still needs to be stored and updated, eventually growing nearly as large as the blockchain’s full state. Buterin noted there are solutions to the issue, though they require multiple components and come with significant tradeoffs compared to Ethereum’s current setup. Earlier, DeFi content creator marilyn100x.eth highlighted Ethereum’s state storage problem, pointing out that developers pay a one-time upfront fee to write data, while nodes bear the long-term costs of storing that data. Proposed EIP-8037 is not a time-weighted rent or continuous fee model; instead, it would sharply increase initial gas fees for new contracts, accounts, and storage slots to curb state growth during the network’s scaling