Daily Bits

Daily Bits

Daily Bits

Ether-Bitcoin Ratio Hits Three-Year Low Amid ETF Uncertainties and Rising Competition from Solana

The ETHBTC (ether-bitcoin) ratio has hit its lowest point since April 2021, reflecting a nearly 16% decline this year.

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Symbiotic Emerges as New DeFi Challenger Backed by Lido and Paradigm in Restaking Market

Symbiotic, a new competitor in the decentralized finance (DeFi) space, is being secretly funded by the co-founders of Lido and the venture capital firm Paradigm.

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Bybit Web3 Announces IDO for Leading DeFi Options Protocol Thetanuts

Bybit Web3, the Web3 division of Bybit and one of the top global crypto exchanges, announced an Initial DEX Offering (IDO) for Thetanuts (NUTS) on its platform.

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Ethereum Fees Continue to Decline; Solana Fees Potentially Surpasses Ethereum’s Soon

Over the last week, DeFi experienced notable changes. Solana's transaction fees are increasing and could potentially surpass those of Ethereum soon, with its economic value approaching Ethereum's.

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MarginFi Set to Launch Solana-Backed Decentralized Stablecoin YBX

MarginFi is set to launch YBX, a new decentralized stablecoin on Solana, backed by SOL-based liquid staking protocols (LSTs).

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VanEck's MarketVector Launches MEMECOIN Index

VanEck's MarketVector has launched a new index called MEMECOIN to track the largest meme coins, showing a significant growth in this category.

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Injective Partners with Arbitrum to Enhance inEVM, Boosting Cross-Chain Interoperability and Efficiency

Injective is collaborating with Arbitrum to enhance its inEVM network by leveraging Arbitrum's Orbit stack to improve its bespoke EVM infrastructure.

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Ethena Integrates USDe with Bybit, Boosting Trading Options and Ecosystem Growth

USDe has been integrated across Bybit, expanding its utility beyond the existing USDe/USDT spot pair.

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Galaxis Announces $1 Million Grants and Token Launch on Bybit

Galaxis is gearing up for a significant token launch this month on Bybit, starting with an Initial DEX Offering (IDO).

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Mysten Labs Celebrates Sui Protocol's First Anniversary with Major Partnerships and Optimistic Outlook for Web3

Mysten Labs, the creator of the Layer 1 Sui protocol, celebrated its mainnet's first anniversary with significant growth and notable partnerships with major tech companies like Google and TikTok's parent company, ByteDance.

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PayPal Expands Crypto Offerings to 426 Million U.S. Users through MoonPay Integration

PayPal has collaborated with MoonPay to provide its 426 million U.S. customers access to more than 100 different cryptocurrencies, adding to its original offerings of Bitcoin, Ethereum, and its stablecoin, PYUSD.

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Aave Labs Unveils 2030 Roadmap with New Aave V4; Bitcoin ETFs Records Largest Single-Day Outflows

Aave Labs has announced its strategic plan for the year 2030, which includes the introduction of Aave V4, a new visual branding, and broader DeFi features.

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