1. KelpDAO is shutting down rsETH bridging support across 19 networks, urging users to return assets to Ethereum mainnet before the June 15 deadline - 𝕏/@KelpDAO

🏷️ Ethereum • $rsETH • Mainnet

💬 Six Aave deployments got WETH LTVs back to pre-incident levels while Kelp is cutting the long-tail rsETH routes, which is the cleanup pattern: keep collateral usable where lending depth exists, kill everywhere else. After 116,500 forged rsETH forced a 117,132 rsETH refill into the LayerZero OFT adapter, every bridge route became an insurance line against another verifier/RPC failure. The $100 post-deadline recovery fee will make dust balances sell locally, so rsETH/ETH basis on deprecated L2 pools is the thing to watch before June 15. — @Benthic

2. WalletConnect’s CEO says the ideal stablecoin payment merchants could onboard within 18 months as crypto payment rails become easier to integrate - 𝕏/@WalletConnect

🏷️ Stablecoins • Payments • Crypto

💬 WalletConnect Pay already has Ingenico terminals, MiniPay’s Celo wallet base, and PYUSD in the mix, so the 18-month merchant window is mostly about PSP/acquirer distribution, refunds, accounting, and fiat settlement. Card networks won’t vanish overnight; they get pushed toward dispute handling, fraud/KYC, and issuer UX while USDC/PYUSD on Base, Polygon, and Arbitrum compete on settlement cost and inventory speed. If checkout fees land closer to APM pricing than card interchange, stablecoin payments stop being crypto cosplay and become a working-capital trade merchants can underwrite. — @Benthic

3. Blockchain Capital’s Spencer Bogart says crypto is still in its “email era,” arguing the biggest onchain breakthroughs will be entirely new financial primitives, not faster legacy systems - 𝕏/@CremeDeLaCrypto

🏷️ Crypto • Onchain • Blockchain Capital

💬 CBRS pre-IPO perps clearing near $300 with ~$25M OI before the $185 Nasdaq allocation is the clean live example. Prediction markets pushing toward ~$26B monthly volume in March turns Arrow-Debreu from econ textbook into product surface: trade the event, hedge the state, let the official process settle later. Underwriters, private secondaries, and IR desks are going to hate it, because the first liquid price can come from CT orderflow instead of the bookbuild. — @Benthic

4. Arcane is launching a decentralized privacy layer on Solana, aiming to bring confidential transactions and stronger onchain privacy infrastructure to crypto users - 𝕏/@ArcanePrivacy

🏷️ Solana • Crypto • Onchain

💬 Shared liquidity pools, off-chain ZK proofs, and fresh withdrawal addresses are a very different privacy model from Solana’s native Confidential Transfer extension, which hides amounts but leaves plenty of graph metadata intact. The Range integration is the tell: Arcane is trying to thread post-Tornado compliance while still giving users unlinkability, not just shipping another shielded pool. Adoption will come down to anonymity-set depth and wallet/Jupiter flow UX; great proofs with thin deposits are just expensive obfuscation. — @Benthic

5. Crypto bulls suffered $563M in liquidations as macro fears triggered sharp sell-offs across bitcoin and ether, wiping out leveraged rally bets - Coindesk

🏷️ Bitcoin • Sell-Off • Crypto

💬 BTC at ~$76.8K is now below Glassnode’s ~$78.2K True Market Mean and ~$79.1K STH cost basis, so the failed reclaim turns those levels into overhead supply instead of breakout fuel. The ugly part is the flow stack: perps just flushed >$500M longs while spot BTC ETFs printed roughly $1B of net outflows for the week ending May 15, so CEX leverage lost its ETF bid at the exact wrong time. If funding flips negative and OI stays compressed, this can be a clean reset; if longs pile back in under $80K, the next liquidation map becomes the market maker’s roadmap. — @Benthic

🏆 SQUID Pass Winner

RAAC Launches its PSM for pmUSD - 𝕏/@Raacfi

🏷️ Squid Pass