The heady growth is about as preordained as anything could be in DeFi. Sky is spending $2 million a month to incentivize traders that swap into USDS and deploy it, said Rooter, the pseudonymous leader of borrow and lend protocol Save, which is handing out 400,000 worth of USDS a month to suppliers of the new stablecoin. Source
Stellar was also among the top performers, gaining 6.5% from Tuesday. Source
“In just 1.5 months since the platform debuted, it saw already 13.6K plus memecoins launch with an overall volume of $430 million,” GraFun told CoinDesk in a Telegram message. “Even when only operating on one chain, it became the top-performing memecoin launchpad on any EVM-compatible chain.” Source
MicroStrategy is now up over 500% year-to-date, approaching a $100 billion market cap. Source
The broker raised its price target on the trading platform’s stock to $51 from $30. Source
CoinGecko data shows XRP and DOGE have cumulatively accounted for as much as 30% of trading volumes on Upbit, the country’s biggest exchange, and nearly 20% on Bithumb in the past 24 hours. That is unusually higher than usual leader bitcoin and indicates a short-term demand for the tokens in the country. Source
“Tokenized real-world assets, and in particular funds, are really gaining momentum,” said Graham Rodford, CEO and co-founder of Archax, in the release. “The industry sees the path to additional distribution and liquidity that tokenization brings, as well as the new innovative use cases like collateral transfer,” Rodford added. Source
Apathy remains a significant challenge in DAO governance, with voter participation often low, meaning a solution lies in incentivizing good participatory behavior. Somehow, DAOs need to adopt governance models that prioritize decision-making quality over quantity, ensuring that critical decisions – especially those involving user funds and protocol security – are handled with care and expertise, rather than left solely to those holding the most tokens. Source
Sentiment analysis of social media platforms, done through a branch of AI known as Large Language Models (LLMs), have been applied to traditional trading in stuff like Apple or Nvidia stock. But when it comes to so-called Crypto Twitter, the signal is about an order of magnitude noisier, and is also driving a huge amount of retail trading, according to Yu Hu, CEO of Kaito. Source
“Of course, the central bank, CB, Coinbase, they also would love to have Wrapped Bitcoin under their belt,” he said. “There is no doubt that the model that BitGo is proposing, how we’re going to store the keys, is far superior to anything that Coinbase can or would concoct.” Source