Daily Bits

The ETHBTC (ether-bitcoin) ratio has hit its lowest point since April 2021, reflecting a nearly 16% decline this year.

Symbiotic, a new competitor in the decentralized finance (DeFi) space, is being secretly funded by the co-founders of Lido and the venture capital firm Paradigm.

Bybit Web3, the Web3 division of Bybit and one of the top global crypto exchanges, announced an Initial DEX Offering (IDO) for Thetanuts (NUTS) on its platform.

Over the last week, DeFi experienced notable changes. Solana's transaction fees are increasing and could potentially surpass those of Ethereum soon, with its economic value approaching Ethereum's.

MarginFi is set to launch YBX, a new decentralized stablecoin on Solana, backed by SOL-based liquid staking protocols (LSTs).

VanEck's MarketVector has launched a new index called MEMECOIN to track the largest meme coins, showing a significant growth in this category.

Injective is collaborating with Arbitrum to enhance its inEVM network by leveraging Arbitrum's Orbit stack to improve its bespoke EVM infrastructure.

USDe has been integrated across Bybit, expanding its utility beyond the existing USDe/USDT spot pair.

Galaxis is gearing up for a significant token launch this month on Bybit, starting with an Initial DEX Offering (IDO).

Mysten Labs, the creator of the Layer 1 Sui protocol, celebrated its mainnet's first anniversary with significant growth and notable partnerships with major tech companies like Google and TikTok's parent company, ByteDance.