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Cryptonian Blast
One of the innovations of decentralized finance (DeFi) is that it bypasses intermediaries and allows borrowers to take a loan directly through the decentralized platform.
PENDLE Surges Following Launches of rsETH with Boosted Rewards and Kelp Miles
Today’s outperformer is PENDLE, which jumped 8.3% after Triple Kelp Miles and Diverse Rewards with Pendle's New rsETH by Kelp DAO.
Pushing Boundaries
BTC and ETH skyrocked to new all-time highs!
L1 Tokens Recover; Digital Assets to be Subjected to Reporting Practices
The U.S. Treasury has proposed to extend the application of long-standing financial reporting practices to the digital assets space. Read on here.
Focus Group
The struggle is real. BTC gaining momentum above $56k has resulted in range trading, with the lower bound set near $53,500.
FRAX Surges Following Plans to Launch FraxBonds; Prisma Finance Rapidly Attracts $30M in mkUSD Stablecoin, Hits New Cap
Prisma Finance, a new decentralized finance (DeFi) lending protocol, has quickly attracted $30M in stablecoin backed by liquid staking tokens (LSTs) called mkUSD. Read more here.
Bybit Listens: Derivatives Trading
Upgraded mobile app displays, increased Derivatives pairs, market data and more.
Above and Beyond
ICYMI — the price of BTC hit an all-time high one day after the U.S.’ ETF debut.
Top-Heavy Crypto Market Structure; Intel Takes Crypto Mining Industry by Storm
The BTC UTXO Realized Price Distribution chart reveals that the current crypto market structure is extremely top-heavy. Find out more here.
MKR Surges on Spark Protocol’s Multi-Chain Expansion; Valkyrie Refiles Application for Spot Bitcoin ETF
Valkyrie Digital Assets has refiled its application for a spot Bitcoin exchange traded fund (ETF). Read more here.
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