Tornado Cash, a decentralized privacy protocol, has taken a major step toward recovery as token holders voted decisively to restore governance control. The proposal received 517,000 symbolic votes in favor and none against, reflecting strong community consensus. This follows a governance attack where an exploiter stole 483,000 TORN tokens, manipulated voting, and later surprisingly proposed returning control. The attacker converted most stolen tokens into ETH, leaving only 39,000 TORN. The transition reinstates community oversight on critical protocol parameters like fees and upgrades, reinforcing decentralization. Meanwhile, Coinbase supports legal efforts to challenge U.S. Treasury sanctions on Tornado Cash.
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Cointelegraph & Nansen Partner for Real-Time Crypto Insights
Cointelegraph has teamed up with Nansen, a premier onchain analytics platform, to enhance its content with real-time blockchain data. This partnership will empower millions of crypto readers with actionable insights, leveraging Nansen’s AI-powered tools and labeled wallet addresses. The move reflects a growing trend among media outlets to integrate blockchain data for more informed reporting on DeFi, smart money, and onchain exploits. Nansen’s analytics will be seamlessly incorporated into Cointelegraph’s articles, research, and social media, offering transparent, high-fidelity insights into the crypto and Web3 ecosystems.
read moreAvalanche Blockchain Surges as MapleStory Goes Web3
The Avalanche blockchain has seen a dramatic surge in activity, surpassing 1 million daily transactions twice in a week—a first since February 2024. This spike, driven by the Web3 gaming ecosystem MapleStory Universe, pushed weekly transactions to 5.8 million, the highest since early 2024. MapleStory N, the first game in the ecosystem, launched on May 15, fueling this growth. Data from Nansen highlights the impact of gaming on blockchain adoption and network performance.
read moreFlare & Uphold Partner for XRP Yield & DeFi Access
Flare Networks has announced a strategic partnership with Uphold to bring yield-generating DeFi opportunities to XRP holders. The collaboration will leverage Flare’s FAssets system, allowing XRP to be wrapped as FXRP for staking and DeFi participation without requiring smart contract functionality. Uphold’s large XRP community could soon access these features, marking a significant expansion of XRP’s utility beyond simple transactions. Meanwhile, Flare continues to grow its ecosystem with integrations like USDT via Stargate Finance and partnerships with Encode Club, Google Cloud, and others. The network’s recent technical upgrades and developer initiatives further strengthen its position in the blockchain space. FLR’s price has risen 4.38% amid the news, reflecting market optimism.
read moreMANTRA & Dimitra Tokenize Agriculture & Carbon Credits
MANTRA Chain and Dimitra are collaborating to tokenize agricultural assets, beginning with cocoa farms in Brazil and a 20,000-hectare forest conservation project in Mexico. The Connected Cacao program will use AI and regenerative farming to improve yields, with results tokenized for financing. Meanwhile, the Mexican project is expected to generate nearly a million carbon credits over a decade, tracked on-chain. This move follows MANTRA’s recent partnerships with Nansen for validator transparency and WIN Investments for sports asset tokenization. The company has also launched a $108.8M ecosystem fund to support real-world asset tokenization, signaling strong momentum in blockchain adoption for traditional sectors. OM token’s price rose 1.21%, pushing its market cap above $379M.
read moreBitcoin Hits Record High Post US-China Trade Deal
Bitcoin (BTC) achieved a new all-time high of $109,400 on May 21, climbing over 26% in the past month. This milestone came just nine days after the US and China announced a 90-day trade agreement on May 12, which temporarily reduced import tariffs to 10%. Analysts suggest the deal’s cooperative tone and tariff suspension alleviated fears of sudden economic re-escalation, boosting risk appetite among both traditional and crypto investors. Aurelie Barthere of Nansen highlighted the agreement’s role in restoring market confidence, driving Bitcoin’s upward trajectory.
read moreEthereum Hits Accumulation Phase as 230K ETH Moves Off Exchanges
Ethereum (ETH) is witnessing significant accumulation activity, with 230K tokens moving off exchanges in a single day—the largest outflow since March. Large holders (10K-100K ETH) bought 520K ETH, likely moving assets to staking protocols. The Pectra upgrade, increasing validator staking limits, has fueled network growth. ETH recently surged to $2,700 before a 5% correction to $2,486. Market data shows $1.5B in realized profits and $53.65M in futures liquidations. Resistance sits at $2,750, with support at $2,530. Breaking resistance could push ETH toward $2,850, while losing support may see a drop to $2,100.
read moreEthereum Staking Surge Signals Long-Term Holder Confidence
Ethereum has seen a significant revival, with its price climbing from April lows of $1,385 to May highs of $2,700, stabilizing around $2,600. Key drivers include a spike in smart money activity, with whale holdings rising from 86,709 ETH to 123,615 ETH, and a sharp decline in exchange balances, signaling reduced sell pressure. Staking inflows surged by 309,000 ETH ($813M), indicating long-term holder confidence. Technical analysis suggests a potential golden cross, though RSI warns of a short-term correction. Bernstein highlights Ethereum’s role in stablecoin issuance and Layer 2 adoption as structural strengths.
read moreBitcoin Dips as PPI Falls, Fed Policy in Focus
Bitcoin fell to $102,655 after April’s PPI data revealed a 0.5% decline in wholesale prices, contrary to expectations of a 0.2% rise. The drop was driven by a sharp 0.7% decrease in services, the largest since 2009. Analysts downplayed the PPI’s immediate impact on Bitcoin, noting muted market reactions to recent CPI data. However, traders are closely watching Fed Chair Jerome Powell’s remarks for hints on future rate cuts. Ethereum, Solana, and Avalanche also saw declines, while meme coins traded flat. Investors await the May 30 PCE index release for further clarity on Fed policy. Analysts warn of potential Bitcoin retracements amid overheated altcoin markets and lingering uncertainty.
read moreNansen Joins MANTRA Chain as Validator to Boost Transparency
Nansen, known for its on-chain analytics, has become a validator for MANTRA Chain, a Layer-1 network specializing in real-world asset (RWA) tokenization. The collaboration aims to improve transparency and validator performance insights, with Nansen’s rewards being reinvested into MANTRA’s ecosystem. MANTRA has also diversified its validator set, reduced internal dominance, and introduced cross-chain tools like One-Way Bridge and Mirror Bucket. Additionally, MANTRA’s RWAccelerator program, backed by Google Cloud, supports startups in RWA tokenization. OM token’s value has risen 17% amid these developments.
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