Defi
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In collaboration with Arbitrum Foundation, Franklin Templeton has launched its OnChain US Gov Money Fund (FOBXX) on Arbitrum
Succinct launched SP1 1.0, a production-ready zkVM for developers to build decentralized apps with zero-knowledge proofs (ZKPs) using Rust, enabling real-time, cost-effective proof generation.
Ethena expands to Solana, users can now buy and sell USDe on Solana
Mansa enhances liquidity provision in emerging markets, enabling International Trade & Cross-Border Settlements on-chain.
The first Mansa Pool is live on Base, exclusively for whitelisted users to earn 25%-30% APY with just a 10-day lock-up—one of the shortest in RWA
Mysticeti, a consensus protocol based on directed acyclic graphs which cuts consensus latency to 390 milliseconds and establishes Sui as the fastest consensus layer deploys on SUI mainnet
Sei integrates Covalent's GoldRush[.]dev stack to create a robust data infra and make DA more accessible
Near’s Chain Signature feature goes live on mainnet for Chain Abstractio
nArbitrum Orbit chains can now use USDC as gas token
Grayscale launches a new SUI fund
Vitalik updated the zorch library to enable it to handle more complex cryptographic schemes like Poseidon, allowing STARK proofs to run on smaller machines. Users can now write high-performance STARK proof code in Python that runs on GPUs, improving efficiency
Metis integrates Chainlink CCIP
Kelp introduces Gain, a vault like product to farm a upcoming protocols airdrops like Scroll, Linea, Karak, Zircuit, Kelp and Eigen Layer
Some users made up to 30% APR after bridging to core
Coinbase backed Vega network enters predication markets space
Stork Network launched the Open Data Market to enable data publishers, data consumers, and composite oracle services to consume or publish data in a marketplace built to enable anyone, anywhere to access and/or build on-chain
Hyperlane introduces Hyperlane foundation and Hype its token
Binance listed TON
Binance invests in Solayer
Solana Depin protocol— Dawn built by Andrena, raises $18M led by dragonfly
Consumer L2 built on Movement stack, Lync raises 1.5M Pre-Seed
Open-source block explorer— Blockscout, for EVM chains, raised $3M seed round led by 1kx
Wintermute holds Neiro
State of the Market
Institutions- BlackRock, Fidelity, Grayscale and MicroStrategy didn’t sell any Bitcoin during the market crash
Fourth largest hedgefund in Europe— Capula Management, reports $500M in Bitcoin ETF holdings
Democrats launch Crypto for Harris campaign to rival Donald Trump
Court reduced the SEC's $2B demand to $125M, ordering Ripple to pay to settle all cases
US Judge orders FTX and Alameda to pay $12.7B to FTX Creditors
Brazil Regulators approve launch of the world’s first spot SOL ETF
Sec going after 3 Crypto VCs
Putin signs bill to legalize crypto mining
Ze end 🐍