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1. Hot topics: PUMP, DOGE, POLYMARKET; 2. Biggest rises and falls: $NEIRO, $DEEP, $VIRTUAL; 3. On-chain fund movement: $11.9M flows into Solana, $29.6M flows out of Ethereum; 4. Top news: Solana ecosystem DEX Jupiter TVL hits a record high
No one really knows how much yield and staking income Ethena has received from its $2.6 billion user fund, or whether it has flowed all of it to SUSDe holders.
The cryptocurrency market is preparing for large amounts of token unlocks in many altcoins in the new week.
MyShell creates an open AI consumption ecosystem by combining AI, cryptocurrency and creator economy.
Share link:In this post: Michael Bouhanna, Sotheby’s VP, launched his own meme coin, BAN, after losing money on other meme coins, using insider wallets to make over $1 million. Bouhanna openly shared his wallet address before deleting it, revealing his link to BAN’s creation and insider buys for profit. His setup included multiple wallets funded from a single source, allowing him to control and trade under the radar.
Share link:In this post: Bitcoin dominance hit 59.75% this week as BTC pushes higher, while Ethereum struggles against it, dropping to a new low on the ETH/BTC pair. Institutional interest in Bitcoin is strong, with $997.7 million flowing into BTC ETFs, its third straight week of inflows. Tether’s USDT faced volatility after reports of a U.S. government investigation, briefly dipping below its peg before recovering slightly.
- 02:17Web3 infrastructure company Crossmint partners with Visa to enable AI-powered on-chain paymentsChainCatcher reports that, according to Cointelegraph, Web3 infrastructure company Crossmint has partnered with Visa to enable AI-driven on-chain payments using tokenized credentials. Previous reports indicated that Crossmint will launch NFT Wallet-as-a-Service (WaaS) to help companies integrate simplified and interoperable blockchain technology into their existing products and services. Its NFT WaaS technology stack allows companies to create smart contracts and send NFTs via email, as well as generate wallets for NFT collectors. This white-label product also enables users to connect their wallets to third-party websites using Dapp services like Wallet Connect or Crossmint Connect. In addition, Crossmint WaaS allows users to purchase NFTs with fiat currency, and this service is now being made available to the public.
- 01:36Resupply Protocol Faces $10 Million ReUSD Bad Debt, Community Proposes Remedial MeasuresAccording to ChainCatcher, the official Resupply protocol team has initiated a remediation proposal within the community to address the $10 million ReUSD bad debt issue encountered earlier this week. The proposal outlines a set of governance actions aimed at eliminating the protocol's bad debt and providing retention rewards for affected users. The first phase of measures includes burning $6,000,000 in ReUSD bad debt from the insurance pool, which accounts for 15.5% of the 38.7 million reUSD in the pool, and repaying the remaining $1,131,168 in bad debt through a mix of future revenue sources. At the same time, the proposal also includes shortening the voting period to accelerate the decision-making process and offering an IP retention plan for insurance pool depositors, incentivizing them to stay in the pool with additional RSUP token rewards.
- 01:20Vitalik: World Digital IDs May Threaten Online Anonymity, Recommends Issuing Digital Identities Through Diversified ModelsAccording to Jinse Finance, Ethereum co-founder Vitalik Buterin, in his analysis of the risks and rewards of digital identity projects utilizing zero-knowledge proofs, stated that the "one person, one identity" proposal could threaten online anonymity. Vitalik noted that digital identity projects like World could undermine the anonymity enjoyed by many internet users, especially those in the cryptocurrency space. "At first glance, the widespread adoption of zero-knowledge-wrapped digital identities seems like a huge win—it can protect our social media, voting, and various internet services from manipulation by bots and fake accounts, all without compromising privacy. But if implemented too rigidly, it could endanger anonymity." Vitalik suggested adopting a diversified model rather than a single zero-knowledge-wrapped "one person, one identity" solution, where no individual, institution, or platform is solely responsible for issuing digital identities.