🌪️ MegaETH's 'Hurricane in a Waterglass' Moment

YEET.com  has been doing some cool stuff lately in the crypto casino space, so we’re giving it a shout-out for anyone who’s been meaning to check it out.

They’ve been putting out a bunch of fun, crypto-themed games with plenty more coming. There’s a mix of quick spins and deeper plays, so you can poke around and see what you like.

It’s easy to jump in. Just hit the link, sign up and have a look around.

Worth exploring if you haven’t already. And as always, gamble responsibly.

GM!

Every time the market sentiment tries pulling up its socks, something or the other knocks off its balance.

MegaETH’s been the culprit over the past day. Its USDm pre-deposit launch turned chaotic almost instantly, with the third party bridge provider experiencing downtime, the initial $250 million cap filling in minutes, and a misconfigured multisig accidentally reopening deposits early.

They decided to increase the threshold to $1 billion, but ended up encountering issues and ended up taking a U-turn instead.

From the technical POV, the team’s multisig had lined up the cap increase txn with a 4/4 signature. They should’ve kept it 3/4 instead.

Deposits kept rising and crossed $400 million. In the background, MegaETH was tryna to reset a limit, but yet again, they kept facing hiccups.

By the end of it all, the team reversed its plan to expand the cap to $1 billion entirely, apologized for the turbulence, and promised a withdrawal option for users who no longer want to participate.

Yes, of course, it was upsetting. People weren’t able to get in. But mistakes and errors like this are a part and parcel of the game, no? It ain’t as catastrophic as people are painting it.

Like Bread says, ‘twas just a “hurricane in a waterglass” moment. We’ll shake it off soon enough. Afterall, MegaETH is our darling project, isn’t it?

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The important bits.

• Colt and Mustang go live on Saga, read here.

• Monad is live on fomo, reward details here.

• XO Market is ramping up DA usage, details here.

• Jin joined us for an OTS, video here.

• Jumper integrates Hemi, the chain powering Bitcoin DeFi, read here.

• Kintsu’s sMON goes live on Folks Finance and Kuru Exchange, details here.

Even more important bits.

• $11 million crypto theft victim was Sam Altman’s former boyfriend Lachy Groom, read here.

• Coinbase Ventures outlines its top 2026 outlook, read here.

• Naver Financial confirms merger with Upbit crypto exchange, read here.

• Robinhood prepares to launch derivatives exchange as it expands into prediction markets, read here.

• Texas begins building state Bitcoin reserve with $5 million IBIT purchase, details here.

Charts of the day.

• Percentage of BTC, ETH, XRP and SOL supply in loss, chart here

• Critical point for MSTR, chart here.

ICYMI.

Today’s bulletin:

Telemetry data of the day.

Top trending tokens for the last 24h:

If you want to access more of this type of data and trade freshly graduated tokens on PumpFun or Bonk, visit Telemetry here (it’s free).

Pendle has long been a household name. But with every passing day, more and more people are adding it to their radars.

And it’s not just DeFi natives and crypto newbies. Pendle was recently added to the Bloomberg Galaxy DeFi Index, a big institutional stamp of approval and a sign that its fixed-yield markets are starting to break into the TradFi conversation.

TLDR: Pendle is DeFi’s go-to marketplace for trading future yield, thanks to its clever system of splitting assets into two tokens: PT for the fixed principal at maturity and YT for the variable yield stream. 

That setup lets users lock in fixed returns, bet on future rates, hedge risk, or crank up leverage, all in a permissionless “yield exchange” that feels more like a real financial market than most crypto experiments.

The icing on the cake? Its latest rollout of agentic assistants who help navigate the ever tangled DeFi world.

Like we explained in a recent article, these AI helpers will make generating juicy yields even easier for users, and one could expect to see their protocol metrics continue their already impressive ascent off the back of this.

Integrations of agent infrastructure from the likes of Giza, INFINIT, Symphony, and Artificial Financial Intellegence aim to keep Pendle in the driver's seat of onchain yield trading, a sector that does around $5 trillion in volume in the Trad-Fi world.

In other words, you can earn like a whale with Pendle.

• Rain, a decentralized prediction markets protocol.

• Flexion robotics, building the autonomy stack for humanoid robots.

To save you doom scrolling.

You gotta see this, good oh lord! 😭😭😭 

Rome wasn’t built in a day and neither is the market gonna recover from its slump phase in a day.

Don’t bother yourself with the charts too much, we’re in here for the long-term game.

Give it all some time and you’ll see the candles automatically getting back on their feet. Until then, keep honoring the dips.

Edyme, Lavina 🫡