Most altcoins have plummeted by 30% or more in the past week, while Bitcoin trades at $62,000.

Paolo Ardoino called it a ‘masterpiece’ but didn’t offer many details.

Parcl will distribute 800M PRCL tokens to early users.

The platform has hiked transaction costs to 0.25% from 0.15%.

Li Jin is the co-founder and managing partner at Variant Fund, a venture firm that invests in Web3 and the ownership economy. Before founding Variant, Li Jin worked at Andreessen Horowitz where she helped to shape the firm’s views on the emerging tech landscape. In today's discussion, we delve into memecoins, Web3 social media, and the evolving landscape of token models, examining how these elements are shaping the future of digital economies and influencing user interaction in decentralized networks.

The network has been under stress in recent months thanks to spam bots and memecoin trading.

Mantle has established itself as the 12th largest network by TVL, 4th among Ethereum L2s with $353M as of this post. Mantle publicly prides itself on being a DeFi haven among L2s, by incubating its own native protocols such as the money market INIT Capital with $60M in liquidity as well as more established DeFi brands such as Pendle, currently holding $196M TVL just on Mantle.

XEN is monopolizing most of the network’s resources, as it did in October 2022 on Ethereum.

The airdropped Runestones collection has soared to become the second most valuable NFT collection after CryptoPunks.

Bitcoin ETFs are headed to Asia after their successful U.S. debut, although the territory is likely to approve Ethereum ETFs as well.