So, Decibel-remember them? The onchain perpetuals exchange that’s been incubated by Aptos Labs, is officially live on the Aptos mainnet. And, of course, this announcement is making waves. Like a tidal wave, but one with way more blockchain and way less water.
On the daily chart, bitcoin‘s broader structure remains corrective within a larger uptrend. Price previously declined from roughly $93,000 to a capitulation wick near $59,900, where demand stepped in decisively before a base formed. Since then, higher lows have printed, with the current zone centered between $67,000 and $69,000. A market so capricious it could make a cat blush.
In the grand arena of decentralized derivatives, Lighter found itself the stage for a most dramatic spectacle. A whale, no doubt convinced of its own infallibility, attempted to squeeze ARC longs with all the subtlety of a sledgehammer. The affair, as one might expect, unfolded with the elegance of a public X thread, where the team proclaimed it the inaugural test of their LLP strategies. Open interest, that fickle muse, swelled to $50 million USDC as traders flocked to both sides of the market, like moths to a particularly lucrative flame.
According to the prestigious CoinMarketCap, Dogecoin soared over 7%, a feat not even Bitcoin could match, despite its own 4.35% increase. Yes, you read that correctly. The meme coin, with all its cheeky charm, has left Bitcoin trailing in its wake.
XRP, that crypto chameleon, now dances to the tune of institutional caprices. Bitrue, Singapore’s own financial puppeteer, reports a 212% spike in XRP spot purchases, a twofold triumph over sell orders. One might almost believe in a renaissance, were it not for the looming shadow of market absurdity.
Trois entreprises ont mis la dignité de la PERPétuelle Preferred Equity, renommée Stretch (STRC), sur leurs bilans, dès que le titre a retrouvé son prix « Noble » de 100 dollars.
So, Hut 8 decided to swap its Bitcoin miner hat for an AI crown, and let’s just say the transition is as smooth as a first date with a chatbot. Despite a net loss that could make a Kardashian’s divorce settlement blush, revenue soared like a meme stock on a good day. Management’s pivot to AI infrastructure is either genius or a Hail Mary, but hey, at least they’re keeping it interesting.
So, Ethereum treasury firm FG Nexus decided to offload another 7,550 ETH, worth roughly $14.06 million, according to Lookonchain. That’s like selling your soul for a slightly used treadmill. Their once-bold conviction in ether’s upside now looks about as solid as a Jenna Maroney promise.
Bitwise, a San Francisco-based crypto asset manager with $15 billion in assets (or “digital gold” if you’re feeling poetic), has acquired Chorus One, a staking provider with $2.2 billion in staked assets. The deal folds Chorus One into Bitwise Onchain Solutions, a division that now sounds less like a tech startup and more like a Kafkaesque bureaucratic nightmare.
And just when you thought, “Oh, that’s a nice little chunk of change,” here comes the kicker: USDC in circulation hit $75.3 billion. That’s a 72% year-over-year growth. Not bad, not bad. But the real question: is there anyone not using USDC at this point? It’s like the water cooler of crypto-everybody’s got it, and if you don’t, well, what are you doing with your life?