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SOL Surges Following Solana Hyperdrive Hackathon Anticipation; Aave to Revamp Governance with Cross-Chain Voting and Subsidized Fees
Aave, a leading web3 lending protocol, is set to revamp its governance system. Read more here.
On-Chain Data Reveals Key Support Level to Observe; Beanstalk Farm Exploited
Credit-focused protocol Beanstalk Farm has been exploited for a staggering $182 million. Read on here.
Uniswap Jumps on V4 Announcements
Today’s outperformer is UNI, which jumped 9.65% following the Dencun Mainnet and Uniswap v4 launch in 2024, with an emphasis on audits and community involvement.
ENS Surges After Vitalik Buterin's Praise and Ownership Tax Proposal
Today’s outperformer is ENS, which jumped 72% following Vitalik Buterin's endorsement and proposal for decentralized ownership. Read more here.
DYDX Surpasses Uniswap in Trading Volume
Today’s outperformer is DYDX, which jumped 2.1% after dYdX becomes leading DEX by volume after moving to Cosmos blockchain. Read more here.
Circling Back
History repeats itself — BTC futures perpetual funding rates in the period after mid-May is starting to look a lot like the negative funding rates seen in March to April 2020.
RARE Surges as Laurent Castellani's “Solaris-A” Sunlit Art Collection Available on SuperRare, Team Liquid Partners with Illuvium for Esports and Themed NFT Development
Team Liquid, a major esports organization, is collaborating with Illuvium, an NFT game currently in early access, to enhance its player-vs-player (PVP) auto battler experience. Read more here.
A Weekend to Remember
Up to $1.98 billion worth of leveraged positions were liquidated over the weekend, as BTC plunged below the $35k handle. What does that mean for cryptonauts? Find out here!
Stablecoin Launched on Bitcoin via Ordinals; Hong Kong Police Deploys New Metaverse Platform for Crime Prevention
Hong Kong Police launched CyberDefender, a metaverse platform for public education on Web3 and crime prevention. Read more here.
Against the Wall
The price of BTC failed to rise above the $58k resistance due to market fatigue and started a fresh decline.
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