Ethena partnered with Derive, the leading on-chain options protocol, to integrate USDe as yield-bearing collateral for options trading and launch new structured products. 

The S&P 500 gained 0.05%, reaching another record high as investors analyzed strong October job data. Focus now turns to upcoming labor market reports and Fed Chair Powell's speech on Wednesday. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 0.38%, with Bitcoin and Ether dropping by 0.002% and 0.05%, respectively in the past 24 hours.

Today's top performer is TRX, which surged 68.6% after TRON DAO was recognized for its Global Blockchain Innovation at the Wiki Finance EXPO 2024.

Tron DAO (TRX), launched in 2017, leverages established blockchain technologies like dApps and smart contracts to enhance user experience rather than innovating on network design. It gained notable attention after acquiring BitTorrent in 2018, emphasizing its focus on proven technologies to potentially reshape Web 3.0. At Wiki Finance EXPO Dubai 2024, TRON DAO was honored with the "

" for its exceptional contributions to advancing blockchain innovation worldwide.

Check Out the Latest Prices, Charts, and Data of 

, the leading on-chain options protocol, to integrate USDe as yield-bearing collateral for options trading and launch new structured products. As part of the partnership, Ethena provided a multi-million dollar grant, and sENA holders will receive 5% of Derive’s DRV token supply. Derive, with 75% market share in on-chain options, processes $250M weekly volume and supports advanced financial products. This collaboration strengthens Ethena’s ecosystem, promoting USDe adoption and enhancing DeFi innovation with Derive’s expertise and composable financial tools. Ethena invites builders to join its growing network.

Yesterday, the BTC Spot ETF saw a total outflow of $17.3 million, with GBTC showing no flow and Non-GBTC experiencing an outflow of $17.3 million.

 will be available for claim on December 6, 2024, at 10 AM UTC. A total of 750 million $F tokens (7.5% of the supply) are allocated for eligible participants. The airdrop will be fully unlocked immediately. Eligibility includes SynFutures v1 and v2 users, v3 Oyster Odyssey points holders, long-term active users, and winners of select community campaigns. For more details, visit the official claim site and the 

Beginner

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Ethena Partners with Derive to Boost USDe Adoption and Enhance DeFi Innovation

Sonic Labs is set to publicly launch its new layer-1 blockchain, Sonic, after achieving its Genesis block.

Daily Top Performer — Hedera Hashgraph (HBAR)

The S&P 500 rose 0.24% to a record high, led by tech stocks, as investors eye labor data and Fed speeches. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 0.78%, with Bitcoin and Ether dropping by 1.51% and 2.48%, respectively in the past 24 hours.

Today's top performer is HBAR, which surged 59.0% following the announcement of Hedera and SEALSQ's collaboration to revolutionize decentralized physical infrastructure.

Hedera Hashgraph (HBAR), launched on September 2019, is a cryptocurrency network that supports fast transactions and application deployment, overseen by a select group of business-approved nodes. This design ensures quick finality and reliability, attracting major corporations like LG, IBM, and Boeing as participants. SEALSQ and the Hedera Hashgraph Association are collaborating to develop 

 using Hedera's DLT. The partnership integrates SEALSQ's platform to securely manage trillions of object transactions, aiming to revolutionize physical infrastructure with scalable, decentralized solutions.

, Sonic, after achieving its Genesis block. Positioned as a faster, EVM-compatible successor to the Fantom Opera network, Sonic aims to reduce latency and transaction fees while incentivizing developers with 90% of generated fees. Supported by the Fantom Foundation, Sonic allows users to swap FTM tokens for S tokens at a 1:1 ratio, with 200 million S tokens being airdropped. Sonic achieved 720-millisecond transaction finality during testing, positioning it as a competitor to fast EVM chains like Solana.

Yesterday, the BTC Spot ETF data shows a total flow of $15.3 million, with $28.1 million flowing out of GBTC and $43.4 million in non-GBTC products.

, offering free points (shards) to participants. To earn 3000 shards, users need to sign up, verify their email, and connect their X and Discord accounts. Additional points can be earned by creating content about Talus on X. Talus is a high-throughput layer 1 blockchain designed for decentralized AI agents, and its token is confirmed.

Sonic Labs Prepares for Launch as the Fastest Fantom Successor Blockchain

Ripple's new stablecoin, RLUSD, is set to launch on December 4, pending approval from the New York Department of Financial Services (NYDFS).

The S&P 500 hit a record high, rising 5.7% in November, driven by post-election optimism and economic resilience. Key data and Fed speeches are awaited this week. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 2.88%, with Bitcoin and Ether rising by 0.80% and 0.67%, respectively in the past 24 hours.

Today's top performer is IOTA, which surged 37.0% following the launch of the Rebased proposal, featuring staking rewards and fee reductions.

IOTA (IOTA), founded in 2015, is an open-source, scalable distributed ledger designed to facilitate seamless, feeless value and data transfers between humans and machines, supporting the Internet of Things (IoT) with minimal infrastructure. It aims to drive the next industrial revolution by enabling machine economies and financial interactions. IOTA's Rebased proposal introduces staking rewards, fee-burning, and reduced network fees to build a sustainable, scalable ecosystem. 

, is set to launch on December 4, pending approval from the New York Department of Financial Services (NYDFS). The overcollateralized dollar-pegged stablecoin will offer a stable alternative amidst Ripple’s ongoing legal battle with the SEC over XRP. Ripple partnered with major exchanges like Bitstamp, MoonPay, and CoinMENA for the stablecoin's launch. The RLUSD will be issued by Standard Custody & Trust Company, a subsidiary Ripple acquired in June. Ripple plans to use RLUSD and XRP for cross-border payments and will conduct regular third-party audits of the stablecoin's reserves.

The BTC Spot ETF data shows total transactions fluctuating over several days, with a significant decrease on November 25th and 26th. On November 27th, non-GBTC transactions reached $103 million, followed by a sharp increase on November 29th to $320 million. The total transactions during this period were negative, primarily driven by GBTC movements. The current total stands at approximately $51.2 billion.

: the Styreal Badge, which requires completing social tasks, installing the Styreal app, connecting MetaMask, buying a share, and claiming the badge, and the Poster Badge, which involves following the project, creating an image on the Poster dapp, minting it on the Story testnet, and claiming the badge. Minting may occasionally fail, but you can retry later. Remember, the Story Testnet badge minting closes on December 8th, so don’t miss out!

Ripple's RLUSD Stablecoin Launches December 4

Bybit is celebrating its sixth anniversary with the #Super6Bybit event, offering a $1.2 million prize pool and focusing on its bbSOL token.

Daily Top Performer — Virtuals Protocol (VIRTUAL)

On Wednesday, the S&P 500 fell 0.38% as tech stocks dropped and inflation data reinforced a hawkish Fed outlook. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 0.40%, with Bitcoin and Ether dropping by 1.86% and 1.79%, respectively in the past 24 hours.

Today's top performer is VIRTUAL, which surged 53.6% following the launch of the $MUSIC token by Agentstarter, featuring AI-driven music video capabilities and community-focused tokenomics.

Virtuals Protocol (VIRTUAL), founded in 2021, allows users to invest in and co-own AI-driven virtual assets like companions and influencers. Its model fosters community ownership, transforming AI agents into revenue-generating assets across platforms like Roblox and TikTok. The platform attracts contributors from AI and gaming to drive innovation in virtual economies. 

, using AI to create music videos and offering features like animated videos, voice mimicry, and karaoke tracks. The tokenomics allocate 60% for airdrops, 20% for liquidity, and 10% each for the development team and Virtuals Protocol.

Bybit is celebrating its sixth anniversary with the 

, offering a $1.2 million prize pool and focusing on its bbSOL token. Launched in September 2024, bbSOL is the first exchange-backed Liquid Staking Token on Solana, providing liquidity and staking rewards. The campaign, running from November 28, 2024, to January 6, 2025, invites participants to build, transform, and supercharge their bbSOL through tasks, leaderboards, and community milestones, increasing rewards. The event combines gaming mechanics, community engagement, and opportunities to win prizes while promoting innovation and growth in the crypto space.

Yesterday, there were no flows in BTC Spot ETFs, including GBTC and non-GBTC categories.

. Stake BNB on Lista's portal to get slisBNB, then deposit it into Astherus to earn airdrop points with multipliers (3X for Lista, 1.15X for Astherus). No lockup is required, and slisBNB is the most efficient option.

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Bybit Celebrates 6th Anniversary with $1.2M Prize Pool and bbSOL Supercharging Campaign

SOS Ltd. has announced plans to invest up to $50 million in Bitcoin (BTC), underscoring its commitment to expanding its blockchain and cryptocurrency investments.

Daily Top Performer — Ethereum Name Service (ENS)

The S&P 500 dropped 0.4% as investors took profits. Tech stocks led declines, and inflation data showed limited progress toward the Fed’s target. Markets now see a 34% chance of no Fed rate hike in December. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 5.46%, with Bitcoin and Ether rising by 6.20% and 9.42%, respectively in the past 24 hours.

Today's top performer is ENS, which surged 45.0% following the announcement of Namechain's vision for simplified, gas-free registration with faster transactions.

Ethereum Name Service (ENS), launched in May 2017,is a blockchain-based domain system on Ethereum, turning complex addresses into simple names, similar to DNS. It is secure, decentralized, and governed by its token holders. 

 on simplifying the registration process with key goals: enabling name registration from any L2 without connecting to Namechain, gas-free ETH payments, completing registration in a single transaction, and reducing wait times from 60 seconds to 10 seconds.

 plans to invest up to $50 million in Bitcoin (BTC), underscoring its commitment to expanding its blockchain and cryptocurrency investments. The decision comes as Bitcoin's price reaches historic highs, and SOS aims to leverage favorable market conditions, including improved U.S. regulations and growing institutional interest. The company will employ various quantitative trading strategies to manage this investment and optimize returns. SOS believes Bitcoin will play a significant role as a global strategic reserve asset, enhancing its long-term competitiveness and profitability in the digital asset sector.

Yesterday, BTC Spot ETF data showed a total inflow of $103 million, with $0 from GBTC and $103 million from non-GBTC sources.

 2000 points for verifying your uniqueness by scanning your face and minting it on the testnet. Use code 6de1553d if needed. Completing this task confirms you're non-sybil. New users can follow a detailed guide with screenshots 

SOS Ltd. Announces $50 Million Bitcoin Investment to Expand Digital Asset Strategy

Ondo Finance has launched a new institutional-grade bridging solution for tokenized real-world assets (RWAs), leveraging LayerZero’s decentralized verifier network (DVN) for enhanced security.

The S&P 500 rose 0.57% to a record high, driven by investor focus on upcoming inflation data, despite concerns over new tariff threats and the Federal Reserve's cautious stance on rate cuts.  Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 2.60%, with Bitcoin and Ether dropping by 4.08% and 3.27%, respectively in the past 24 hours.

Today's top performer is FTM, which surged 9.9% following Sonic Labs' partnership with OctavFi for advanced on-chain financial management.

Sonic Labs (FTM), founded in 2018, formerly known as Fantom Foundation, supports the development of Sonic, a new layer-1 blockchain designed for fast, efficient transactions and secure connectivity to Ethereum. It focuses on creating decentralized applications and managing governance for the Sonic ecosystem, which is set to launch later in the year. 

 to bring institutional-level financial management, advanced on-chain treasury management, and financial reporting to its protocols.

 a new institutional-grade bridging solution for tokenized real-world assets (RWAs), leveraging LayerZero’s decentralized verifier network (DVN) for enhanced security. This solution enables seamless transfers of USDY, Ondo’s yield-bearing tokenized US Treasuries, across Ethereum, Arbitrum, and Mantle. The bridging architecture incorporates trusted bridge providers like PolyhedraZK and Axelar, along with Ondo’s own DVN, ensuring secure and decentralized transaction validation. The integration is available now via Ondo’s frontend and Stargate Finance, with support for additional chains planned.

Yesterday, BTC spot ETF flows recorded a total outflow of $122.8M, including $36.1M from GBTC and $86.7M from non-GBTC funds.

, requiring wallet and social handle registration by Dec 2, 2024, 2 PM UTC. Eligibility criteria include completing 3 transactions across 2 apps on Movement's testnets and finishing Road to Parthenon quests. After TGE, users can claim MOVE tokens on Ethereum Mainnet or Movement Mainnet, with the latter offering a 1.25x multiplier. More airdrop seasons will follow post-mainnet launch.

Ondo Launches Institutional-Grade Bridging for Tokenized RWAs with LayerZero Security

Lombard, Babylon, and Cubist are partnering to bring Bitcoin to the Sui blockchain, introducing LBTC, Lombard’s liquid-staked Bitcoin, to Sui’s decentralized finance (DeFi) ecosystem. 

Daily Top Performer — Grass Network (GRASS)

The S&P 500 rose 0.3% on optimism over Trump’s Treasury pick, but futures dipped Tuesday on his proposed 25% tariffs on Mexico and Canada. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 1.59%, with Bitcoin dropping by 2.09% and Ether rising by 2.67%, in the past 24 hours.

Today's top performer is GRASS, which surged 13.5% following the launch of Kamino's $GRASS-SOL Liquidity Vault for automated yields and Solana DeFi growth.

Grass Network (GRASS), founded in 2023, is a decentralized network on the Solana blockchain that converts unused internet bandwidth into a resource for collecting and structuring public web data for AI development. 

, allowing users to earn automated yields by depositing GRASS or SOL. The vault automatically compounds trading fees and rebalances positions to optimize earnings. However, users may face impermanent loss if SOL and GRASS prices diverge. Kamino provides an analytics interface to track performance and encourages users to review risk considerations. This initiative supports the adoption of new assets in Solana's DeFi ecosystem.

 to bring Bitcoin to the Sui blockchain, introducing LBTC, Lombard’s liquid-staked Bitcoin, to Sui’s decentralized finance (DeFi) ecosystem. This collaboration allows Bitcoin holders to unlock liquidity and yield from their BTC while maintaining control of their assets. LBTC, already successful on Ethereum, will now enable Bitcoin to serve as collateral in DeFi applications on Sui. Cubist will provide secure infrastructure for minting LBTC, while the Sui Foundation supports the initiative. This move aims to unlock Bitcoin’s potential, offering a secure, liquid asset for DeFi innovation on Sui.

Yesterday, BTC Spot ETFs recorded total outflows of $703.1 million, including $158.2 million from GBTC and $544.9 million from non-GBTC funds.

 the $SWAN token launch (TGE) for December 2024 and a new quest with separate rewards launching this week.

Lombard Babylon and Cubist Integrate LBTC with Sui to Unlock Bitcoin's DeFi Potential

FIFA has partnered with Mythical Games to launch FIFA Rivals, a free-to-play mobile soccer game, set for release in summer 2025 on iOS and Android. 

The S&P 500 gained 1.68% last week on strong economic data and election optimism. This week, investors await FOMC minutes, inflation data, and key earnings reports. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 2.10%, with Bitcoin and Ether dropping by 0.28% and 0.40%, respectively in the past 24 hours.

Today's top performer is SAND, which surged 59.4% after the release of The Sandbox Weekly, highlighting Alpha rewards, new features, and metaverse innovations.

Sandbox (SAND), launched in 2012, is a virtual world game with a blockchain-based version by Animoca Brands, enabling users to trade and monetize creations using SAND, an Ethereum-based token. 

 highlights the latest updates in The Sandbox metaverse from November 11–17, including rewards from Alpha Season 4, new partnerships, and events like the Attack on Titan avatar collection launch. Players can earn exclusive rewards, participate in tournaments, explore creative experiences like "The Art of Runway," and join giveaways for SAND tokens, NFTs, and Sandbox LAND. Community initiatives like DAO delegation and tools like Magic Palette empower creators, while events and AMAs offer insights into Web3 innovations and metaverse developments.

, a free-to-play mobile soccer game, set for release in summer 2025 on iOS and Android. The game features real-time arcade gameplay where players manage soccer clubs and compete globally. Developed on the Mythos blockchain, it builds on the success of Mythical's previous games and leverages FIFA's massive global audience, aiming to reach over 100 million players. The game incorporates play-to-earn mechanics, allowing players to own and monetize in-game assets. This partnership highlights the growing trend of sports organizations exploring blockchain technology for fan engagement and in-game economies.

Between November 18–22, 2024, BTC Spot ETFs saw a net outflow of $52.9M from GBTC and a net inflow of $3,406M from non-GBTC ETFs, resulting in a total weekly inflow of $3,353.1M. Cumulatively, GBTC has recorded a significant outflow of $20,326M, while non-GBTC ETFs have brought in $51,140M, leading to an overall total of $30,814M.

Magic Eden's ME token, linked to its Solana-based ecosystem, will 

 on December 10. The anticipated airdrop, potentially worth a significant sum, will reward users of Magic Eden’s Bitcoin exchange and cross-chain NFT marketplace. Eligible users can claim the token via the Magic Eden Wallet app, with allocations based on factors like trading activity and platform loyalty. On launch day, a portion of the total token supply will be unlocked for claim, with additional tokens reserved for future incentives. Pre-market trading values the token at varying prices.

FIFA Teams Up with Mythical Games for Mobile Soccer Game FIFA Rivals Launch in 2025

SEC Chair Gary Gensler announced he will resign on January 20, 2025, coinciding with President-elect Donald Trump's inauguration.

The S&P 500 rose 0.53% as investors shifted toward cyclical stocks expected to benefit from a strengthening economy, while technology shares lagged. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 4.79%, with Bitcoin and Ether rising by  4.19% and 8.75%, respectively in the past 24 hours.

Today's top performer is XRP, which surged 24.3% following the partnership between Ripple and MCSocialVenture to boost financial resilience and access in emerging markets.

Ripple (XRP), launched in August 2012, is a blockchain technology company focused on improving international payments with its cryptocurrency, XRP. 

, focused on investing in emerging market entrepreneurs. The initiative will pilot financial resilience and humanitarian solutions built on the XRPL, aiming to advance equitable access to finance.

 he will resign on January 20, 2025, coinciding with President-elect Donald Trump's inauguration. Gensler, whose term runs until 2026, faced pressure from the crypto lobby due to the SEC’s strict regulatory actions against the industry, including high-profile cases against Coinbase and Binance. Gensler’s departure is seen as a victory for crypto advocates, who hope the next SEC chair will be more crypto-friendly. Trump has hinted at firing Gensler on his first day in office and is expected to appoint a chair with expertise in crypto, such as Mark Uyeda, Hester Peirce, or Chris Giancarlo.

Yesterday, BTC Spot ETF data revealed a net inflow of $396.7 million, driven by $404.5 million from non-GBTC sources, partially offset by a $7.8 million outflow from GBTC..

 for those who participated. To claim, visit 

 using code B0FKOP. Additionally, Morph Zoo Season 2 has launched on mainnet, allowing users to earn points by bridging ETH or executing transactions on Morph. The Bitget Wallet offers a 1.2x multiplier on points to maximize rewards.

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SEC Chair Gary Gensler to Resign on Inauguration Day, Marking a Win for Crypto Lobby

FDUSD, a stablecoin from First Digital Labs, is now live on Sui as a native token, joining other stablecoins like USDC and AUSD.

The S&P 500 ended flat amid mixed earnings and geopolitical concerns, as investors awaited Thursday's data and Fed commentary. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 2.01%, with Bitcoin rising by 1.91% and Ether dropping by 0.59%, in the past 24 hours.

Today's top performer is LUMIA, which surged 16.1% following the announcement of its partnership with Cobox to bridge real-world assets and virtual ownership.

Lumia (LUMIA), founded in 2024, is a Layer 2 blockchain solution leveraging the Polygon CDK to enhance scalability, liquidity, and interoperability. It addresses challenges like data availability and cross-chain interactions by incorporating AvailDA for decentralized data and Polygon AggLayer for cross-chain functionality, enabling efficient and flexible dApp development. 

 to integrate real-world assets (RWAs) into its immersive, player-owned universe. This collaboration aims to enhance asset liquidity, trading, and gameplay experiences, bridging digital and physical realms for more tangible and vibrant virtual ownership.

, a stablecoin from First Digital Labs, is now live on Sui as a native token, joining other stablecoins like USDC and AUSD. This launch reflects growing institutional confidence in Sui, which has seen significant growth in TVL and DeFi volume. FDUSD, backed by reserves in Asian banks and US Treasury debt, offers DeFi users a reliable, US Dollar-pegged stablecoin, bridging traditional finance and cryptocurrency ecosystems.

Yesterday, the total flow into Bitcoin Spot ETFs is $146.9 million, with $0 million in GBTC and $146.9 million in non-GBTC products.

: the Spotlight Badge, which requires minting through the Spotlight Protocol and joining a Spotlight circle; the Impossible Finance Badge, which involves completing social tasks, claiming the TIDIA faucet, staking TIDIA on Impossible Finance, and then claiming the badge; and the SNGLR Badge, where users connect their wallet, follow artists, mint IP assets, tweet, and provide personal details to claim their badge. More badges are coming soon!

FDUSD Launches as Native Stablecoin on Sui, Strengthening DeFi Ecosystem

Nansen has partnered with TRON DAO to integrate the TRON network into Nansen V2, enhancing on-chain analytics for the TRON ecosystem. 

The S&P 500 climbed 0.4%, driven by a nearly 5% surge in Nvidia shares ahead of its highly anticipated earnings report, which lifted market sentiment despite ongoing geopolitical concerns.  Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 0.15%, with Bitcoin rising by 1.13% and Ether dropping by 1.62%, in the past 24 hours.

Today's top performer is VIRTUAL, which surged 5.2% after the launch of Agentstarter, empowering founders to build successful AI agents with Virtuals Protocol.

Virtuals Protocol (VIRTUAL), founded in 2021, allows users to invest in and co-own AI-driven virtual assets like companions and influencers. Its model fosters community ownership, transforming AI agents into revenue-generating assets across platforms like Roblox and TikTok. The platform attracts contributors from AI and gaming to drive innovation in virtual economies. Virtuals Protocol introduces 

, an AI agent launchpad offering funding, development support, and distribution for creators. It aims to help founders build successful AI agents within a thriving ecosystem and long-term incentive structure.

 to integrate the TRON network into Nansen V2, enhancing on-chain analytics for the TRON ecosystem. This collaboration aims to provide developers, users, and projects with valuable data to foster growth and innovation. The integration will offer advanced features like Token God Mode, Wallet Profiler, and Smart Alerts, helping optimize decentralized applications (DApps) and improve transparency within the community. TRON’s high-speed, low-cost blockchain infrastructure will benefit from these enhanced analytics to further empower the ecosystem.

Yesterday, total inflows into BTC Spot ETFs amounted to $600.3 million, with $16.2 million coming from GBTC and $584.1 million from non-GBTC sources.

 allows users to earn XP for transactions, quests, gas fees, and referrals in its wallet. XP, while offchain, is tied to wallet addresses and used to level up and unlock exclusive rewards. Key features include free transactions on the ZERϴ Network, daily quests, and retroactive XP for active wallets before mid-October. Rewards enhance the onchain experience but are non-transferable. The program encourages bridging assets to ZERϴ and active participation to maximize XP and rewards.

Nansen Partners with TRON DAO to Enhance On-Chain Analytics for TRON Ecosystem

Ethena Foundation has approved the activation of its fee switch, enabling revenue sharing with ENA token holders by the end of the month.

The S&P 500 rose 0.39%, rebounding from recent declines, driven by optimism about potential future rate cuts and expectations of a business-friendly administration. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 0.73%, with Bitcoin and Ethereum rising by 2.16% and 2.81%, respectively in the past 24 hours.

Today's top performer is HBAR, which surged 44.6% following the expansion of Hedera's governance and its advancements in AI data transparency.

Hedera Hashgraph (HBAR), launched on September 2019, is a cryptocurrency network that supports fast transactions and application deployment, overseen by a select group of business-approved nodes. This design ensures quick finality and reliability, attracting major corporations like LG, IBM, and Boeing as participants. Hedera's Governing Council has 

 to 32 members as the platform introduces new features and diverse use cases, such as using immutable records to enhance trust in AI data. The focus remains on transparency, security, and innovation for a promising future.

, enabling revenue sharing with ENA token holders by the end of the month. This move follows a governance vote and has already led to a significant increase in the ENA token's value. Ethena, which has achieved record-high revenues recently, generates income through various yield strategies. As one of the largest DeFi protocols by TVL, Ethena's fee switch could set a significant precedent for revenue sharing in the DeFi space.

Yesterday, BTC Spot ETF flows reached $165.5M, consisting of $5.8M from GBTC and $159.7M from non-GBTC sources.

 to drive onchain growth and reward users for trading NFTs and tokens across chains. With a total supply of 1 billion, over half will be allocated to the community through rewards, staking, and ecosystem development, with an initial 12.5% claim available at the Token Generation Event (TGE). The $ME token will power governance, staking, and user incentives across Bitcoin, Solana, and EVM ecosystems, supporting Magic Eden's goal of creating a universal onchain trading platform. The ME Foundation, a non-profit, will oversee the $ME ecosystem, ensuring security and alignment with community interests while cautioning users to beware of scams ahead of TGE.

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Ethena Partners with Derive to Boost USDe Adoption and Enhance DeFi Innovation

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