DeFi
The upcoming unlock of 9.54 million tokens comes as Avalanche’s native cryptocurrency slid nearly 11.5% in the past seven days, making it among the worst-performing of the top ten cryptocurrencies by market cap for that period.
Ethereum
Ether’s trip to $3,000 may have been short-lived, but on-chain data and the state of the wider ecosystem suggests that there’s reason to be optimistic about the digital asset.
Business
Circle will cease minting of USDC on TRON effective immediately, and will discontinue support in a phased manner, as part of an effort to ensure USDC “remains trusted, transparent, and safe.”
Over 10.3 million OP tokens, valued at around $42 million, are set to be distributed.
Bitcoin
VanEck Bitcoin Trust’s volume Tuesday was about 14.5 times its daily average, while WisdomTree Bitcoin Fund’s volume was more than 10 times its daily average.
Starknet’s fully-diluted valuation has already surpassed those of long-standing blockchain networks such as Arbitrum, Optimism and Avalanche, all of which have more locked value in their smart contracts than the zero-knowledge rollup.
Bitcoin investment products were responsible for 99% of all crypto inflows last week, with total assets under management hitting $67 billion – the highest level since December 2021.
The 3AC liquidators and FTX’s bankruptcy estate hold $533 million and $177 million worth of Worldcoin’s WLD token respectively, making them some of the largest independent entities to benefit from the token’s 200% surge this week.
Tech
Sam Altman seems to be the latest founder who can drive crypto prices even when he has nothing to do with them.
The NFT collection based on the cute, flightless seabirds has grown in popularity and value since Luca Schnetzler became CEO in April 2022.
