Sui has introduced protocol-level gasless stablecoin transfers, allowing peer-to-peer payments in supported stablecoins without users needing to pay gas fees or hold a SUI balance. The rollout includes USDsui, SuiUSDe, USDC, and USDY, as the network continues to frame stablecoins as a core part of its payments strategy.

On May 22, a Hyperliquid trader known as 'Evaded' recorded over $7.5 million in unrealized profit from long positions in ZEC and HYPE opened less than 96 hours earlier. He then shifted into a new 25x leveraged long on 18,100 ETH with $38.63 million in notional exposure, a setup that could be liquidated after an adverse move of roughly 4%.

HYPE rebounded from a $38 dip and later printed a new all-time high at $62, before trading around $57 at the time of writing, up 23% on the weekly chart. Whale activity rose on both sides, including a $36.76 million HYPE deposit tied to Loracle.hl and fresh accumulation of 261,250 HYPE worth $15.2 million by an a16z-linked wallet. Spot flows also leaned bullish over the past week, while technical indicators cited in the report pointed to continued momentum, with $60 as a key level and $47 flagged as a downside target if selling pressure builds.

Ethereum (ETH) is down nearly 30% so far this year and struggled to sustain rebounds during May as frustration built across social media. Santiment says the selloff reflects multiple bearish narratives rather than one single shock, including weakening sentiment ratios and ETF outflows during May. The firm adds that extreme pessimism can sometimes mark exhaustion and set up a contrarian turning-point risk.

On May 22, XRP traded at $1.3539 and slipped below the rising daily trendline that had held since the late-March lows. Open interest climbed to 433.77M (+0.12%) while the NVT Ratio rose to 218.12 (+26.81%), a mix some analysts associate with higher long-squeeze risk if price fails to reclaim nearby moving-average resistance around $1.396–$1.398.

NEAR Protocol (NEAR) rose 34% in the last 24 hours to $2.32, extending its 50% gain over seven days as AI-themed tokens rallied. Trading activity climbed, with 24-hour volume up 190% to $1.15 billion and short liquidations totaling $9.85 million after price pushed above $2.30. Traders are watching resistance at $2.60-$3.0, while a bullish wedge breakout points to $5.75 if that zone is cleared.

Zcash has rolled out Network Upgrade 7 (NU7) on testnet, reducing block production time from 75 seconds to 25 seconds and aiming to boost throughput. The update also adds a miner-support mechanism that redirects part of transaction fees into a fund and changes fee rules to make spam-style oversized transactions far more expensive. ZEC was trading around $633.35 at the time of writing, down 4.68% over the past 24 hours.

Dogecoin traded around $0.105 after rising about 2% in 24 hours, as on-chain metrics showed large holders accumulating 525 million DOGE over the past 96 hours. The buying window coincided with claims about SpaceX moving toward an IPO, while traders watched $0.11–$0.12 as a key resistance zone and $0.095 as nearby support.