ππ #BTC CQ: In this bull run, Bitcoin has been forming support roughly 10% under the STH Realized Price. That puts the current support area at ~$103,500.
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π΄ββ οΈ #XUSD DeFi-analyst YieldsAndMore mapped the risks associated with Stream Finance's $93 million loss and said that hundreds of millions of dollars in loan and collateral positions could be indirectly affected across lending, stablecoin and liquidity pool networks.
According to YieldsAndMore, Stream's debt spans at least seven networks and includes multiple counterparties such as Elixir, MEV Capital, Varlamore, TelosC and Re7 Labs. Assets associated with Stream's xUSD, xBTC and xETH tokens are re-pledged in the Euler, Silo, Morpho and Sonic protocols, reinforcing the potential spread of risk in DeFi.
According to YieldsAndMore, Stream's debt spans at least seven networks and includes multiple counterparties such as Elixir, MEV Capital, Varlamore, TelosC and Re7 Labs. Assets associated with Stream's xUSD, xBTC and xETH tokens are re-pledged in the Euler, Silo, Morpho and Sonic protocols, reinforcing the potential spread of risk in DeFi.
π€ #DOLO Dolomite Foundation has entered into a $10 million private placement and strategic partnership with Stewards Inc. a financial services company advancing its digital asset strategy through network infrastructure and tokenized finance.
βοΈπ #BTC Mining Profitability Slumps as Hashprice Falls to Multi-Month Low. coindesk
π΅οΈββοΈ #SUN The sun.Ρo team bought back 2.06M SUN ($45K) and burned it, totaling 648.54M SUN ($13.86M) since Dec 15, 2021. link
π° Lava, a #BTC lending platform, announced it has raised $200 million in venture and debt funding.
π° Stablecoin-enabled payments infrastructure platform Zynk has raised $5 million from Coinbase Ventures and others. theblock
π³ #ETH A mysterious whale accumulates ETH aggressively, borrowing and depositing large amounts on Aave and Binance, making a profit of over $29M. link
π΅οΈββοΈπ΄ββ οΈ #ETH New analysis reveals the $116M Balancer exploit was meticulously planned for months with funding sourced through Tornado Cash trickles, showing no obvious OPSEC leaks. link
π #SOL Solana treasury firm Upexiβs holdings climb 4.4% to over 2.1 million SOL, with an 82% increase in adjusted SOL per share and a 96% return for investors since April private placement. link
ππββ #ZK ZkSync founder proposes new ZK tokenomics with cross-chain fees and enterprise licensing revenues to enhance utility, aiming to direct value towards governance activities. Total revenue for ZkSync era stands at $30.03m. link
πββπ #ETH SharpLink reported that they received 459 ETH in steaking rewards last week (did not report ETH acquisition).
πΊπΈπΏ The US Congress has introduced a bill to ban the use of public office for personal enrichment through cryptocurrency projects and call for measures to prevent conflicts of interest and foreign influence on politicians with digital assets.
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π #JUP Jupiter DAO approved a proposal that would burn about 130 million JUP held in the Litterbox Trust (about 4% of total circulation).
π° James Wynn today opened a #BTC short at ~$107k and is not taking profits yet.