News
According to CryptoQuant, Bitcoin exchange reserves have fallen to their lowest levels in several years. Link
SoSoValue reports that Bitcoin spot ETFs saw a total net inflow of $113 million yesterday. However, the Grayscale ETF GBTC faced a net outflow of $75.14 million on the same day, bringing its cumulative net outflows to $15.23 billion. The Fidelity ETF led with the highest daily net inflow of roughly $116 million, closely followed by the BlackRock ETF, which experienced a daily net inflow of approximately $42.03 million. Link
PayPal is launching a new feature enabling U.S. customers to conduct international money transfers with its PYUSD stablecoin. Through Xoom, PayPal's global payments service, users can convert PYUSD to USD and send funds to recipients in around 160 countries without transaction fees. Link
Investment firm VanEck forecasts that the Ethereum Layer 2 market could achieve a base case valuation of $1 trillion by 2030. Link
Projects
Linea - Over the last week, daily transactions on the Linea network have surged by 148% to 4.4 million, and the number of active addresses has grown by 75% to 569,000, reaching all-time highs, possibly due to activities in Linea Park. The contracts most frequently used are AlianSwap, Micro3, FrogWars, Layer3, zAce and ACG Worlds. Link
Pendle - Yesterday, the DeFi yield protocol Pendle recorded an all-time high in daily fee capture, reaching $249,000. Over the past month, Pendle's total value locked has increased by over 60%, nearing $4 billion, making it the largest DeFi yield protocol. Link
Phoneix - Ellipsis Labs, a developer on Solana, raised $20 million in Series A funding led by Paradigm. Its first product, the Phoenix decentralised exchange, launched in February 2023, featuring an on-chain limit order book for competitive liquidity quality. Link
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
News
According to CryptoQuant, Bitcoin exchange reserves have fallen to their lowest levels in several years. Link
SoSoValue reports that Bitcoin spot ETFs saw a total net inflow of $113 million yesterday. However, the Grayscale ETF GBTC faced a net outflow of $75.14 million on the same day, bringing its cumulative net outflows to $15.23 billion. The Fidelity ETF led with the highest daily net inflow of roughly $116 million, closely followed by the BlackRock ETF, which experienced a daily net inflow of approximately $42.03 million. Link
PayPal is launching a new feature enabling U.S. customers to conduct international money transfers with its PYUSD stablecoin. Through Xoom, PayPal's global payments service, users can convert PYUSD to USD and send funds to recipients in around 160 countries without transaction fees. Link
Investment firm VanEck forecasts that the Ethereum Layer 2 market could achieve a base case valuation of $1 trillion by 2030. Link
Projects
Linea - Over the last week, daily transactions on the Linea network have surged by 148% to 4.4 million, and the number of active addresses has grown by 75% to 569,000, reaching all-time highs, possibly due to activities in Linea Park. The contracts most frequently used are AlianSwap, Micro3, FrogWars, Layer3, zAce and ACG Worlds. Link
Pendle - Yesterday, the DeFi yield protocol Pendle recorded an all-time high in daily fee capture, reaching $249,000. Over the past month, Pendle's total value locked has increased by over 60%, nearing $4 billion, making it the largest DeFi yield protocol. Link
Phoneix - Ellipsis Labs, a developer on Solana, raised $20 million in Series A funding led by Paradigm. Its first product, the Phoenix decentralised exchange, launched in February 2023, featuring an on-chain limit order book for competitive liquidity quality. Link
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
News
According to CryptoQuant, Bitcoin exchange reserves have fallen to their lowest levels in several years. Link
SoSoValue reports that Bitcoin spot ETFs saw a total net inflow of $113 million yesterday. However, the Grayscale ETF GBTC faced a net outflow of $75.14 million on the same day, bringing its cumulative net outflows to $15.23 billion. The Fidelity ETF led with the highest daily net inflow of roughly $116 million, closely followed by the BlackRock ETF, which experienced a daily net inflow of approximately $42.03 million. Link
PayPal is launching a new feature enabling U.S. customers to conduct international money transfers with its PYUSD stablecoin. Through Xoom, PayPal's global payments service, users can convert PYUSD to USD and send funds to recipients in around 160 countries without transaction fees. Link
Investment firm VanEck forecasts that the Ethereum Layer 2 market could achieve a base case valuation of $1 trillion by 2030. Link
Projects
Linea - Over the last week, daily transactions on the Linea network have surged by 148% to 4.4 million, and the number of active addresses has grown by 75% to 569,000, reaching all-time highs, possibly due to activities in Linea Park. The contracts most frequently used are AlianSwap, Micro3, FrogWars, Layer3, zAce and ACG Worlds. Link
Pendle - Yesterday, the DeFi yield protocol Pendle recorded an all-time high in daily fee capture, reaching $249,000. Over the past month, Pendle's total value locked has increased by over 60%, nearing $4 billion, making it the largest DeFi yield protocol. Link
Phoneix - Ellipsis Labs, a developer on Solana, raised $20 million in Series A funding led by Paradigm. Its first product, the Phoenix decentralised exchange, launched in February 2023, featuring an on-chain limit order book for competitive liquidity quality. Link
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
