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  • 02:17
    Decentralized social media app Hey will cease development
    ChainCatcher reported that the decentralized social media application Hey (formerly Lenster) will cease development due to limited funding. According to the official statement, the annual profit from Hey Pro and Hey Names is approximately $41,000, which is insufficient for the team to operate the platform at the scale users expect. Over 99% of users use Hey completely free of charge. "We have never promised tokens or airdrops. It was never designed for mining. It is a social client based on Lens, not a protocol, treasury, or fund control center. We have continuously released updates for four years, constantly adding new features and maintaining full transparency. Even in the event of unexpected situations, we have handled refunds and explanations publicly. The code remains open source. There are no lock-in terms, no hidden interests; this is simply a community tool."
  • 02:10
    A newly created wallet deposited 2.8 million USDC into HyperLiquid and opened a 5x leveraged long position on STRK and a 10x leveraged long position on HYPE.
    Jinse Finance reported, according to Onchain Lens monitoring, a newly created wallet deposited 2.8 million $USDC (totaling 5 million USD) into #HyperLiquid, and opened a 5x leveraged long position on STRK and a 10x leveraged long position on HYPE.
  • 02:07
    Yala stablecoin YU has significantly depegged, dropping 53.26% in 24 hours
    ChainCatcher News, on-chain data shows that the Yala stablecoin YU has significantly depegged, currently dropping to $0.44 on the Ethereum mainnet and to $0.368 on Solana. According to previous reports from ChainCatcher, the Yala stablecoin YU experienced suspicious lending activity similar to USDX over the weekend. Yala responded yesterday, stating that they have noticed the community's concerns regarding the YU stablecoin and are conducting an investigation. Risk Warning
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