5pc

Metamask detaches from Linea - a gem pulled out of the mud? #5PC

Fellow travelers accompanying the crypto market in the 2024-2025 period surely can’t forget the frenzy called Linea. Back then, everyone expected it to be a breakout project because it was "backed" by the

Token $SCR of Scroll has been tagged for monitoring - The end of the fundraising + airdrop hype cycle

Scroll itself just posted that they will talk more with Binance to review it, but personally I think there’s nothing left to build anymore

- Raised $80 million, backed by big funds like Polychain, Variant Fund, HongShan,..

- Mainnet 10/2024, after 2 years of development TVL is still only $9 million, down 50x from the peak

- Price $SCR has been completely crushed; every unlock just leads to a new bottom.

- The Security Council used for governance has been dissolved, and control moved back to the team

- The co-founder now says they are shifting to building a private chain for AI Agents. They’re still drawing up tech while the chain no longer has users

P/s The most painful part was when farming this badge, the network fee to mint one badge was $0.7-$1, even more expensive than on Ethereum. Many people exposed the project as deliberately trying to make extra money from airdrop farmers, but still kept farming to the end. In the end, half the farming capital was lost

#5PC
@Scroll_ZKP

Add 1 perpdex project closes down - Eviction speed increases gradually #5PC

HyENA, a perpdex project built on HIP-3 and using Ethena’s USDe as collateral, has officially shut down.

The given reason is that Hyperliquid prioritizes USDC more, and HyENA no longer has a competitive advantage over other projects.

HyENA was previously shared by Ethena as a potential project to expand the use cases of USDe, but with 4 billion in trading volume and over 10k active traders, it still wasn’t enough to keep HyENA alive.

The user reward points earned will not be redeemable for anything—everything goes back to zero.

The perpdex frenzy created life-changing opportunities for some users, but others also suffered significant losses, especially those “who chose the wrong civilization.”

Are you working on any perpdex project right now where the dev shows signs of closing up and quitting? Comment below!

Price
$SUI
can it comeback to ATH this season? The latest updates from Sui #5PC
@SuiNetwork

In the 2024-2025 season, Sui was one of the top-performing coins in the market, rising consecutively from 0.4-0.5 to over $5.

As of May 19 this year, all

ETH Queen first breaks above 2k after 2 months - Is the bottom in? #5PC

BTC breaks above 66k, ETH breaks above 2k—haven’t seen coordinated green like this in a long time

Price rises ahead of the crypto summit:

+ The White House meeting of technology leaders will take place at 2:30 PM Eastern Time (i.e., 1:30 AM tomorrow morning Vietnam time). President Trump will speak together with SEC Chair Paul Atkins and CFTC Chair Selig.

+ The guest list is packed with big names: CEOs of Coinbase, Ripple, Gemini, Chainlink; partners at a16z Chris Dixon; along with leadership from Kraken, BitGo,....

+ On the traditional side, there will be the CEO of NYSE and Nasdaq, along with representatives from organizations such as Digital Chamber, Blockchain Association. The Director of the White House Crypto Committee, Patrick Witt, will also attend.

If anyone missed the market recently, you can check the newly updated video on the latest market situation here

Volume Spot hits the bottom – Has the market already reached the bottom? #5PC

For those who don’t follow closely: Spot Volume on CEX exchanges recently has fallen to a record low level. The weekly average is only around 50 billion.

This volume level is on par with the period from March to September 2023—when Bitcoin was only moving in the 20–30k USD range. Meanwhile, BTC is currently still holding around 63–65k.

There are three main reasons that can explain this phenomenon:

+ Crypto trading demand has dropped sharply. Fewer new projects launch, older projects can’t create momentum, and there isn’t enough compelling narrative to pull in capital.

+ Capital has flowed into traditional assets. US stocks, gold, and oil are swinging strongly, drawing all investor attention.

+ Almost no new inflow of funds. Retail has almost disappeared. Institutions are focusing on new product lines that haven’t been tokenized yet, or don’t need to issue a token.

Low volume isn’t always bad. History shows that these kinds of “hibernation” phases are often an opportunity to accumulate.