Bitcoin
The last time exchanges held a comparable record low percentage of the entire BTC supply was in Dec. 2017, and for ETH, Oct. 2015, the same year Ethereum had its first transaction.
DeFi
The memecoin inspired by Matt Furie’s Boys’ club comic has recovered from a local trough after allegations that BRETT’s rollout was dominated by insider activity.
USDe’s market cap reached an all-time high, equaling the market cap of all stablecoins on Solana.
Consensys’ zkEVM network Linea paused block production for around an hour to prevent additional funds from being bridged out after a DEX built on the network was exploited for around $6.8 million worth of ether.
Ethereum
Matter Labs has decided to drop all trademark applications for the term “ZK” after several industry leaders took issue with the entity trying to use the legal system “to claim a public good for itself.”
Regulation
U.S. President Joe Biden said he would not support “measures that jeopardize the well-being of consumers and investors” after vetoing a resolution that would have overturned the SEC’s controversial SAB121.
A dispute has arisen regarding what bridge has the cheapest transaction fee in DeFi, with Hart Lambur, co-founder of the interoperability protocol Across, referring to the situation as ‘Bridge Wars.’
Solana
Out of its cumulative revenue generated of nearly $29 million, $1.48 million of it came in the last 24 hours, a new record for the Solana-based platform.
Business
The five most liquid markets on Polymarket, all focused on U.S. political outcomes, have seen speculators wager a combined total of $234.1 million.
Over a three-year timeframe, the Arbitrum Startup Collective would act as an investment vehicle to funnel capital in up to 150 Arbitrum-focused startups between Seed and Series A stages.
