Bitcoin
The magnitude of spot trade volume is equivalent to the levels seen during the 2020 to 2021 bull market, said analysts at Glassnode.
Solana
A new incentive structure that rewards validators with more credits for processing transactions quicker could speed up block confirmations on Solana.
Nomic, a bitcoin sidechain, is set to launch a bitcoin liquid staking token within the Cosmos ecosystem through a collaboration with Babylon, a BTC staking protocol.
Tokyo-based Metaplanet said it planned to make bitcoin the single biggest holding on its corporate balance sheet, and its stock soared 90% as a result.
The appetite from investors for crypto ETFs appears to be moderating based on the pace of weekly inflows.
Tech
The dYdX chain has resumed block production after a major outage that lasted nine hours and 32 minutes.
Ethereum
Reports of phishing attempts linked to ads on the top Ethereum blockchain explorer began surfacing on Sunday. It was unclear, however, whether any user funds were lost.
DeFi
Locking ENA tokens now yields a 50% boost in Ethena’s points program, leading to larger airdrops later this year.
Base is now the third-largest layer 2 network, after Arbitrum One and OP Mainnet, with $4.17 billion in Total Value Locked.
Aave’s Marc Zeller suggested turning on a so-called “fee switch,” which could distribute protocol fees to stakers and token holders.
