Virtuals Protocol issues fault report due to surge in Base network requests

Odaily Planet Daily News: Hypurrscan data shows that "Hyperliquid 50x Whale" has once again reduced its position to 287 BTC empty positions, raised its liquidation price to $112290, and currently has a floating loss of $1 million.

Odaily Planet Daily News: Due to negative feedback from the community, the decentralized financial platform Synthetix has cancelled its $27 million acquisition plan for the cryptocurrency options platform Derive. Derive community members expressed concerns about the token exchange rate and the overall revenue of the platform from the acquisition. Some users claim that Derive's income is actually higher than Synthetix's, and there is no clause in the agreement that restricts Synthetix from issuing additional tokens to dilute the value. Ben Celermajer, the strategic director of Synthetix, stated that although some community members believe the transaction is reasonable, the two parties have agreed to terminate the acquisition plan, which was originally intended to promote cooperation, as it did not meet the expected response. （Cointelegraph）

According to official sources, OKX officially launched the encapsulated Bitcoin asset xBTC on May 22, 2025, and simultaneously opened up deposit and withdrawal services for Solana, Sui, and Aptos public chains. Through xBTC, users can seamlessly participate in the multi chain DeFi ecosystem, supporting on chain functions such as lending and liquidity mining, further unlocking the multi chain liquidity and revenue expansion of BTC. In addition, OKX Wallet will gradually launch revenue products around xBTC, integrating top DeFi protocols such as Solana, Sui, Aptos, etc., to enjoy additional ecological incentives. Users can easily participate in one-stop operations. Please stay tuned. It is reported that xBTC is a packaged Bitcoin issued by OKX, strictly following a 1:1 reserve mechanism. Users can withdraw BTC from the exchange to the target chain and receive an equivalent amount of xBTC; You can also recharge xBTC through the target chain and exchange it for BTC on the exchange. The platform verifies asset transparency in real-time through Proof of Reserves (PoR) on the chain, further ensuring the security of user assets. For more details, please refer to the announcement: https://www.okx.com/zh-hans/help/okx-officially-launches-the-multi-chain-wrapped-token-xbtc

The 1-hour cycle shows that the price is testing the strong support level of 2478.5, which is the area with the highest trading volume concentration (HVN) in the chart and has strong support. The exclusive chip distribution data for members shows that the current price is close to POC (2478.5), indicating a strong buying force and high market recognition. At the same time, although KDJ is in the overbought zone, the J value has not yet formed a dead cross, and the pressure for correction is controllable. The MACD bar chart continues to grow, and the EMA24/52 double moving averages are in a long position, confirming strong upward momentum. Combining with the form of the Red Third Army, the probability of breaking through the resistance of 2647.25 increases. Activate membership immediately, unlock precise chip peak analysis, and grasp key buying and selling points! The data is sourced from the PRO member's [ETH/USDT Binance USDT Perpetual 1-hour] K-line, for reference only, and does not constitute any investment advice.

The current total market value of cryptocurrencies is $3.52 trillion, with a 24-hour growth of $131.54 billion, an increase of 3.88%. Among them, the market value of Bitcoin accounts for 62.94%, and the market value of Ethereum accounts for 9.18%.