📉 Solana Sees Heavy Liquidations but Holds Firm
Solana (SOL) continues to trade near $70 despite significant market deleveraging. Recent data shows Bitfinex whales have closed large long positions, reducing bullish exposure without triggering a major price breakdown.
According to CoinGlass, Solana recorded more than $16 million in long liquidations at the start of August—the largest daily wipeout of bullish positions in nearly a month. Even so, SOL's resilience suggests buyers are still defending key support levels.
This is not any financial advice.
Solana (SOL) continues to trade near $70 despite significant market deleveraging. Recent data shows Bitfinex whales have closed large long positions, reducing bullish exposure without triggering a major price breakdown.
According to CoinGlass, Solana recorded more than $16 million in long liquidations at the start of August—the largest daily wipeout of bullish positions in nearly a month. Even so, SOL's resilience suggests buyers are still defending key support levels.
This is not any financial advice.
XRPL Eyes Next Software Upgrade 🚀
The XRP Ledger (XRPL) is preparing for its next major software update. RippleX Head of Product Jazzi Cooper shared that xrpld 3.3.0 may introduce five proposed amendments aimed at improving the network.
The release is expected next week, but these changes will only become active if they receive approval from XRPL validators through the network's governance process.
This is not financial advice. Always do your own research (DYOR).
The XRP Ledger (XRPL) is preparing for its next major software update. RippleX Head of Product Jazzi Cooper shared that xrpld 3.3.0 may introduce five proposed amendments aimed at improving the network.
The release is expected next week, but these changes will only become active if they receive approval from XRPL validators through the network's governance process.
This is not financial advice. Always do your own research (DYOR).
ENS Labs Revises Governance Proposal 🗳️
ENS Labs has updated its governance proposal following community feedback. Under the revised plan, the DAO will retain control of its primary operational wallet, while only the $65 million Endowment Safe is proposed to transition to the Foundation, subject to a timelock and Security Council oversight.
The DAO will also continue to hold its 54.6 million ENS tokens. Separately, the Foundation is proposed to receive a 1 million ENS grant that vests over multiple years, supporting long-term operations while preserving community governance.
This is not financial advice. Always do your own research (DYOR).
ENS Labs has updated its governance proposal following community feedback. Under the revised plan, the DAO will retain control of its primary operational wallet, while only the $65 million Endowment Safe is proposed to transition to the Foundation, subject to a timelock and Security Council oversight.
The DAO will also continue to hold its 54.6 million ENS tokens. Separately, the Foundation is proposed to receive a 1 million ENS grant that vests over multiple years, supporting long-term operations while preserving community governance.
This is not financial advice. Always do your own research (DYOR).
Polymarket Reportedly Targets $20B Valuation
Polymarket is reportedly seeking to raise $1 billion in a new funding round that could value the prediction-market platform at around $20 billion, according to Bloomberg. Discussions with potential investors are reportedly ongoing, and the final terms have not been confirmed.
The blockchain-based platform lets users trade on outcomes of real-world events and gained major attention during the 2024 U.S. presidential election, when its market data was frequently referenced by media and analysts.
This is not financial advice.
Polymarket is reportedly seeking to raise $1 billion in a new funding round that could value the prediction-market platform at around $20 billion, according to Bloomberg. Discussions with potential investors are reportedly ongoing, and the final terms have not been confirmed.
The blockchain-based platform lets users trade on outcomes of real-world events and gained major attention during the 2024 U.S. presidential election, when its market data was frequently referenced by media and analysts.
This is not financial advice.
🚀 Avalanche ($AVAX) Gains Attention as Ecosystem Activity Expands
Avalanche is back in focus following several ecosystem developments, including growing activity around tokenized real-world assets (RWAs), the Helicon upgrade reaching Fuji Testnet, and continued expansion in stablecoin activity.
With network upgrades and ongoing ecosystem funding also in view, attention is turning to whether these developments can support sustained adoption and on-chain growth for Avalanche.
This is not financial advice. Crypto assets are volatile and involve risk.
Avalanche is back in focus following several ecosystem developments, including growing activity around tokenized real-world assets (RWAs), the Helicon upgrade reaching Fuji Testnet, and continued expansion in stablecoin activity.
With network upgrades and ongoing ecosystem funding also in view, attention is turning to whether these developments can support sustained adoption and on-chain growth for Avalanche.
This is not financial advice. Crypto assets are volatile and involve risk.
🟢 Ondo Finance Expands $USDY to BNB Chain
Ondo Finance has expanded its yield-bearing token $USDY to BNB Chain, bringing tokenized exposure to U.S. Treasury-backed assets into a broader blockchain ecosystem.
$USDY is designed to maintain a dollar-linked value while generating yield from underlying assets such as U.S. Treasury bills and bank deposits. Its BNB Chain availability could broaden access to tokenized real-world assets (RWAs) and create additional use cases across DeFi.
The expansion also reflects a wider trend toward connecting traditional financial assets with blockchain infrastructure. However, $USDY still carries risks related to market conditions, underlying assets, interest rates, and regulatory requirements. Availability may also depend on eligibility and jurisdiction.
This is not financial advice.
Ondo Finance has expanded its yield-bearing token $USDY to BNB Chain, bringing tokenized exposure to U.S. Treasury-backed assets into a broader blockchain ecosystem.
$USDY is designed to maintain a dollar-linked value while generating yield from underlying assets such as U.S. Treasury bills and bank deposits. Its BNB Chain availability could broaden access to tokenized real-world assets (RWAs) and create additional use cases across DeFi.
The expansion also reflects a wider trend toward connecting traditional financial assets with blockchain infrastructure. However, $USDY still carries risks related to market conditions, underlying assets, interest rates, and regulatory requirements. Availability may also depend on eligibility and jurisdiction.
This is not financial advice.
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Ethereum to TRON, privately. This is what it looks like from click to landing 👀
Try now → app.symbiosis.finance/swap-private
Try now → app.symbiosis.finance/swap-private
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Robinhood Chain is live and connected to 60+ chains on Symbiosis with over $5M in volume already.
Here's how smooth moving funds from Base looks.
Here's how smooth moving funds from Base looks.
Users bridged over $100M in volume to @trondao in July, all through Symbiosis.
TRON remains one of our strongest chains, and it keeps growing 📈
TRON remains one of our strongest chains, and it keeps growing 📈
Private Swaps are live on Symbiosis 🕵️♀️
Under the hood, your swap is routed through multiple bridge providers as a hidden intermediate hops before arriving on the destination chain. That breaks the on-chain trail and there's no way to link the sending address to the receiving one.
Send from any chain. Receive on any chain. No on-chain link between the two.
Under the hood, your swap is routed through multiple bridge providers as a hidden intermediate hops before arriving on the destination chain. That breaks the on-chain trail and there's no way to link the sending address to the receiving one.
Send from any chain. Receive on any chain. No on-chain link between the two.
Symbiosis Rewards Are Live
Allocations have been calculated based on user activity to ensure a fair and transparent distribution across all participants.
Steps to claim:
1. Visit rewards-symbiosis.finance
2. Connect your wallet
3. Sign prompts to verify ownership
4. Receive $SIS tokens
Allocations have been calculated based on user activity to ensure a fair and transparent distribution across all participants.
Steps to claim:
1. Visit rewards-symbiosis.finance
2. Connect your wallet
3. Sign prompts to verify ownership
4. Receive $SIS tokens