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- ⬆️ BTC-Backed Credit Volume Sees 50.8% Surge
⬆️ BTC-Backed Credit Volume Sees 50.8% Surge
PLUS, you can now earn ~20% APY on your stables via Solomon Labs.
YEET.com has been doing some cool stuff lately in the crypto casino space, so we’re giving it a shout-out for anyone who’s been meaning to check it out.
They’ve been putting out a bunch of fun, crypto-themed games with plenty more coming. There’s a mix of quick spins and deeper plays, so you can poke around and see what you like.
It’s easy to jump in. Just hit the link, sign up and have a look around.
Worth exploring if you haven’t already. And as always, gamble responsibly.
While X doxxed our location and we await the mainnet launch of Monad later today, the crypto market tried turning the tables and making amends for last week’s catastrophe during the weekend.
Even though it was just a single-digit pump, it did feel refreshing. As of press time, BTC’s around $85k, with the aggregate market cap lingering above the $3 trillion threshold.
VCs continue to remain cautious. Their current investment activity is hovering around lows.
Meanwhile, the “Boycott JPMorgan” movement is gaining steam on social media.
Bank accounts are seemingly being closed left-right-center. CT folks aren’t very pleased with the bank’s so called institutional trade + the Epstein revelations.
On the other hand, the weekly volume of Bitcoin-backed credit is up 50.8%. I mean, the timing couldn’t be better.
In other news, Korea’s largest exchange Upbit is looking to pursue a Nasdaq-IPO after its merger and Thailand’s Bitkub is looking to go public in Hong Kong.
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The important bits.
Almanak to open the doors to Strategy Builder V1 on Thursday, details here.
27 new chains have been deployed on Saga, read here.
50 Monad Nomads NFTs to feature the Kintsu symbol; minting will activate a 1.25x points boost read here.
How to build and deploy your strategy on Almanak, breakdown here.
SEDA is killing the app repetition cycle, here’s how.
Even more important bits.
The Department of Government Efficiency (DOGE) gets disbanded ahead of schedule, read here.
Multiple institutions actively reduced their exposure to MicroStrategy (MSTR), read here.
South Korea’s largest crypto exchange Upbit will list MON against KRW, read here.
Offchain Labs challenges Vitalik's RISC-V proposal, says WASM is better for Ethereum L1, read here.
Wormhole Labs announces 'Sunrise' gateway to bring MON and other assets to Solana, read here.
Charts and stats of the day.
Attention winners, stats here.
BTC OI fluctuations, chart here.
ICYMI.
Today’s bulletin:
Telemetry data of the day.
Top trending tokens for the last 24h:
If you want to access more of this type of data and trade freshly graduated tokens on PumpFun or Bonk, visit Telemetry here (it’s free).
We’ve had Solomon Labs on our radar for quite some time now.
A quick TLDR: Solomon Labs is building “user-owned dollar rails” on Solana, centered around its yield-bearing stablecoin USDv, which plugs directly into DeFi while earning passive yield (currently hovering around 20% APY).
You simply hold and let the protocol do the work behind the scenes. EOD, stablecoins should be productive by default, right?
If this seems like a familiar name, yep, this is the same project that amassed $100 million via its MetaDAO raise where over 6,600 contributors chipped in.
Now they’re gonna focus on shipping. As for what’s coming next, this post gives a pretty good outline.
To save you doom scrolling.
Irony at its peak!
For now it’s time to take it one day at a time. The market is still shaky and sentiment isn’t giving us much to work with. Slow, steady, and disciplined is the only real play here.
Lavina, Edyme 🫡
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