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RSR Jumped on Enhancement Proposal for rgUSD
Today’s outperformer is RSR, which jumped 43.31% following the announcement of the proposal to enhance decentralized exchange liquidity with rgUSD gauges.
vRUNE Surges After THORChain Advances with Major $RUNE Burn and Expansion of Collateral Space
THORchain (RUNE), founded in 2018, is a decentralized protocol allowing asset swaps across different blockchains, enhancing the DeFi space with its cross-chain liquidity feature.
Synthetix Teases V3 Futures Launch; Polygon Labs Proposes Restructuring Polygon 2.0 Governance
Polygon Labs has proposed restructuring the governance mechanism for the upcoming Polygon 2.0 roadmap
Non-Transitory
While BTC's recovery momentum is now on hold, the ratio of ETH/BTC pair has surged past 0.08.
Stacks Surges Following Bitcoin Congestion; SushiSwap Deploys Concentrated Liquidity Pools
SushiSwap has launched concentrated liquidity pools, across 13 networks to enhance capital efficiency in the decentralized exchange sector. Read more here.
Beware the Bears
Bitcoin’s market dominance has briefly plummeted below 40%, a level not seen since early 2018.
ChainGPT Aims to Build Specialised Crypto AI Model; Avalanche Offers Evergreen Subnets for Financial Institutions
ChainGPT feeds crypto knowledge data to its AI model, making it potentially more accurate than ChatGPT. Read more here.
Stablecoin Market Cap Consolidates; New Proposal to Cover Debt on AAVE
DeFi management platforms Llama and Gauntlet submitted a governance proposal on Aave to cover a $1.6 million bad debt brought on by a publicized short attempt on Tuesday. Read more here!
Axelar Starts Trading on Bybit; Ralph Lauren Accepts Crypto Payments
American fashion giant Ralph Lauren announced accepting crypto payments on its Miami concept store. Read more here.
A New Future
The crypto market saw capital rotation into tokens that have been underperforming over the past months.
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