1. Trump and Musk’s concept coin Yeah has fallen by about 90% from its peak
🦉Yeah's market value soared to about $1.5 million after the token was released, reaching a peak of about $2.18 million. It then fell sharply to $180,000, a drop of about 90% from its high point.
2. Essential has completed $11 million in Series A funding, with Archetype as the main investor
🙈Essential is an intent-focused Ethereum L2. Investors include IOSG Ventures, Spartan Group, Mirana Ventures, Amber Group, etc. Angel investors come from Celestia, Hashflow, LI.FI and other companies. It has raised a total of US$16.15 million in financing to date.
3. Bitcoin trading remains flat after Trump-Musk interview avoids cryptocurrencies
🐤Bitcoin and Ethereum prices have fallen slightly overall, but are still rising every week. The total net assets of Bitcoin ETFs are close to $54 billion, accounting for 4.63% of the total market value of Bitcoin. Ethereum prices are consolidating around $3,000, and technical indicators show a neutral to slightly bullish trend.
4. Kelp DAO launches Gain powered by Kelp, one-click participation in multiple L2 and DeFi to obtain diversified benefits
🐦 is a smart contract Vault project, where strategy managers are responsible for managing income strategies and users do not need to manage individual positions. Deposit supported assets into the ETH mainnet vault, issue liquid tokens agETH, bridge assets to cooperative L2, and automatically adjust asset allocation to obtain the best returns.
5. WBTC custodian seeks business diversification. Justin Sun: Will improve its decentralization level
🐧WBTC is an ERC-20 token issued by BitGo on the Ethereum blockchain, which is pegged to Bitcoin at a 1:1 ratio. It is responsible for the custody of the underlying Bitcoin and the private keys for minting WBTC tokens. Justin Sun's participation in WBTC is a strategic move aimed at promoting decentralized and secure protocol projects.
6. Babylon and Cubist collaborate to make Bitcoin staking safer
🐝CubeSigner updates support Babylon’s staking operations and anti-slashing mechanisms for improved security. Babylon’s staking method allows proof-of-stake blockchains to leverage Bitcoin assets and create economic influence.
7. TROY AI and AgentLayer reach strategic cooperation to jointly promote the development of consumer AI ecosystem
🐞TROY AI focuses on the fields of consumer AI Agent and data ownership. AgentLayer is the world's first decentralized autonomous AI Agent network. The two parties will explore new models of data ownership and value redistribution to jointly build an open and innovative AI ecosystem.
8. Cumberland received 141.5 million USDT from Tether and transferred it to CEX
🦋In the past 8 days, Cumberland has injected a total of 1.04 billion USDT into the cryptocurrency market. This transfer involved Kraken, OKX, Coinbase and Binance exchanges.
📝Information provided by 👉🤖️OwlxAI
