Daily Bits
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Gold Flipper
Crypto firm Grayscale reaches $60 million AUM, overtaking top Gold ETFs. More, on Daily Bits.
Aragon's ANT Surges Due to Buybacks; Ethereum Staking Rewards Hit New Record
Ethereum validators earned a record $46 million in staking rewards in the first week of May, with the staking rewards rate reaching 8.6% post-Merge. Read more here.
DYDX Surges Following its V4 Public Testnet 2 Deployment; EigenLayer Hits $240M in Total Value Locked, Filling Deposits Cap in Two Hours and Launching 'Eigen Worlds' NFT Collection
Restaking protocol EigenLayer raised its deposit caps on liquid staking tokens (LST) to 100,000 for pools such as stETH, rETH, and cbETH. Read more here.
MATIC Rebounds As Polygon Dismisses SEC’s Allegation; Vitalik Writes About Three Transitions for Ethereum to Be Sustainable
Vitalik Buterin highlighted in its latest blog that Ethereum has to enhance its cross-chain ability, wallet security, and privacy to be sustainable. Read more here.
A Walk to September
After a month of impressive returns, the crypto market has observed more sideways movements and lowered trading volume going into September.
MNT Surges After New Protocol Additions and Focus on Community-Driven Transparency, Immutable Announces New GameFi Titles and Upcoming zkEVM Launch
The gaming-focused project, Immutable, has announced three new GameFi titles set to launch on its upcoming Polygon-powered Layer 2 rollup, Immutable zkEVM, before its mainnet launch early next year.
New Milestone
The money markets plummeted on hot CPI prints, whilst the broader crypto market also flipped red again after yet another short-lived relief rally.
Hello Chaos, My Old Friend
Hashrate, a litmus test for network health, has been on a week-long decline, as much as 33% in the past three days, and is facing the prospect of further plummets as regulatory bodies in China vowed to crack down on Bitcoin mining and trading activities.
One Step Closer
In the aftermath of a particularly brutal correction — one that tanked the price of Bitcoin below its $1 trillion market cap level near $53,500 — market participants have finally buoyed the price back above a major on-chain support level.
Velocity of DAI Skyrockets; Avalanche Completes Banff Upgrade
The Banff upgrade went live on the Avalanche blockchain, completing the launch of Elastic Validation for subnet creators. Find out more here.
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