Ethereum has climbed to around $2,540, approaching the key $2,500 level, but signs point to the market becoming overheated. According to a May 21 analysis by CryptoQuant contributor ShayanMarkets, trading volume has spiked as Ethereum (ETH) nears this resistance zone.…

Ethereum market overheats near $2.5K — is a short-term correction on the horizon?

Cardano, and specifically its founder Charles Hoskinson, has come under fire 
recently after allegations of fraud surfaced online. The rumors quickly spread 
as the integrity of the blockchain and its founder were called into question. 
As a result, Hopkinson has delivered a response, with a shocking revelation on 
how he plans to interact with the public and the community going forward. 
Alleged $619 Million Going Missing On May 7, 2025, an X user who goes by the 
name Masato Alexander made a shocking claim: 318 million ADA worth $619 
million had been illegally moved and the finger was being pointed at Cardano 
founder Charles Hoskinson. Apparently, this had happened with the Allegra Hard 
Fork which took place back in 2021 as core functions of the blockchain were 
changed. Related Reading: Bitcoin Macro Trend Oscillator Shows When To Expect 
The Price Top Alexander claimed that Hoskinson had deployed code during what 
was thought to be routine upgrade with an extra payload. Allegedly, this 
allowed Hoskinson to erase the original ICO UTxOs which held a total of 318 
million ADA and moved the funds to Cardano reserves that were controlled by 
private keys tied to Hoskinson. The transaction was done through an MIR 
transaction, which stands for Move Instantaneous Reward transactions. 
Essentially, Alexander claims that this allowed funds to be moved from 
reserves and then used for treasury and staking rewards purposes. These claims 
quickly drew the attention of the Cardano community, with Hoskinson himself 
responding under the post to denounce the rumors. He initially explained that 
the ADA vouchers of the users whose ADA were allegedly moved had become 
unspendable after the hard fork. Thus, they had been moved into a “custodial 
account controlled by the TGE that then continued redemption for 3 more years 
to distribute the genesis funds to the original buyers.” Furthermore, 
Hoskinson threatened legal action if Alexander did not stop making these 
claims. Cardano Founder Addresses Rumors Again After the initial interaction, 
Cardano founder Charles Hoskinson has once again come out to address the 
rumors of the missing $619 million. He first addressed the fact that people 
were quick to condemn him after the rumors surfaced without giving him the 
benefit of the doubt. This extended to friends who he says did not show up for 
him during this time. Related Reading: Pundit Says XRP Price Will Stabilize At 
$1,000 And Become ‘Very Expensive’ As for the rumors themselves, the founder 
explained that there will be a full audit and a report which will be published 
for the public to see. He further went on to reveal that the events of the 
past few weeks will change how he engages with the community from now. While 
Hoskinson does plan to continue to attend events and take pictures with 
people, he plans to hand over his X account to a media company. Additionally, 
he plans to change the format of how he holds his X Spaces and Ask Me Anything 
(AMAs). “Infinite accessibility just enables it to happen again and again,” 
the founder explained. Featured image from Dall.E, chart from TradingView.com

Did Cardano Founder Steal $619 Million? Hopkinson Makes Shocking Revelation

Aave is gaining ground in the decentralized finance space, with its token 
climbing past $260 as adoption and market performance continue to strengthen. 
In an X post published on May 20, Aave (AAVE) said it now holds 20% of the…

Aave’s DeFI TVL dominance reaches 20% as token breaks above $260

Yield-bearing stablecoins have soared to $11 billion in circulation, 
representing 4.5% of the total stablecoin market &#8212; a steep climb from just 
$1.5 billion and a 1% market share at the start of 2024.
One of the biggest winners of this trend is Pendle, a decentralized protocol 
that enables users to lock in fixed yields or speculate on variable interest 
rates. Pendle now accounts for 30% of all yield-bearing stablecoin total value 
locked (TVL), roughly $3 billion, the firm said in a report shared with 
Cointelegraph. 
Pendle noted that stablecoins make up 83% of its $4 billion total value 
locked, a sharp rise from less than 20% just a year ago. In contrast, assets 
such as Ether (ETH), which historically contributed 80-90% of Pendle&#8217;s TVL, 
have shrunk to less than 10% of its TVL.
Traditional stablecoins like USDt (USDT) and USDC (USDC) do not pass on 
interest to holders. With over $200 billion in circulation and US Federal 
Reserve interest rates at 4.3%, Pendle estimated that stablecoin holders are 
missing out on over $9 billion in annual yield.
_Pendle TVL share by assets. Source: Pendle_
 _**Related: **__**How to Use tsUSDe on TON for Passive dollar Yield in 
2025**_
## Growing regulatory clarity benefits stablecoins
The rise in yield-bearing stablecoins comes amid growing regulatory clarity 
under the US President Donal Trump&#8217;s administration.
In February, the US Securities and Exchange Commission approved yield-bearing 
stablecoins as &#8220;certificates&#8221; subject to securities regulation rather than 
banning them outright. The approval allows yield-bearing stablecoins to 
operate under specific rules, including registration, disclosure requirements 
and investor protections. 
Moreover, proposed bills like the Stablecoin Transparency and Accountability 
for a Better Ledger Economy (STABLE) and the Guiding and Establishing National 
Innovation for US Stablecoins (GENIUS) further signal a favorable direction.
Meanwhile, Pendle said it expects stablecoin issuance to double to $500 
billion in the next 18 to 24 months. The firm also anticipates yield-bearing 
stablecoins to capture 15% of this market with $75 billion in issuance (7x 
growth from $11 billion).
_Yield-bearing stablecoins issuance. Source: Pendle_
 _**Related: **__**PayPal to offer 3.7% yield on stablecoin balances: 
Report**_
## Pendle shifts focus to yield market
Initially focused on airdrop farming, Pendle has shifted toward serving as an 
infrastructure layer for decentralized finance yield markets.
Ethena&#8217;s USDe stablecoin currently accounts for approximately 75% of Pendle&#8217;s 
stablecoin TVL. However, newer entrants such as Open Eden, Reserve and Falcon 
have increased the share of non-USDe assets from 1% to 26% over the past year.
Pendle is also expanding beyond Ethereum, with plans to support networks like 
Solana and to integrate with Aave and Ethena&#8217;s upcoming Converge blockchain.
Notably, interest in yield-generating strategies within the cryptocurrency 
sector has surged in recent years, driven by both retail and institutional 
investors seeking to maximize returns on their digital assets.
On May 19, Franklin, a hybrid cash and crypto payroll provider, announced the 
launch of Payroll Treasury Yield, which uses blockchain lending protocols to 
help firms earn returns on payroll funds.
_**Magazine:**__**NBA star Tristan Thompson misses $32B in Bitcoin by taking 
$82M contract in cash**_

Yield-bearing stablecoins surge to $11B, now 4.5% of market: Report

KAITO price has surged 20% as it prints a second leg up as bullish momentum 
builds &#8211; is another 100% move on horizon? Kaito (KAITO) price is up 20% in the 
past 24 hours, currently trading at $2.19 with trading…

KAITO price gears up for another potential 100%+ leg up as it tests post-ATH resistance

Wrapped stETH (wstETH) is a currency that combines the flexibility of 
decentralized finance (DeFi) with the advantages of Ethereum staking. In this 
article we’ll discuss what is Wrapped stETH, how it works, what it is used 
for, and price history…