💪 Arthur Hayes' Ordinal Collection is About to Launch

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GM Defiers!

Arthur Hayes opened the whitelist to his first Ordinals collection, which encourages holders to show off their wealth. But that might not be an option for many if the current market trend continues. Crypto asset prices tumbled after Bitcoin failed to hold above $61,000.

Plus, PYUSD climbs the stablecoin rankings after Solana integration, Base developers can now access Chainlink’s entire product suite, and EigenLayer is readying for an upgrade allowing any ERC-20 token to power its bustling restaking ecosystem.

✍️ In today’s newsletter:

EigenLayer plots universal ERC-20 support
Bitcoin price tumbles after $61K rejection
PYUSD surges after Solana deployment
Base completes Chainlink rollout
Arthur Hayes gets in on Ordinals craze

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️🪙EigenLayer Introduces Permissionless Token Support

EigenLayer, the pioneering Ethereum restaking protocol, announced plans to support any ERC-20 token with an upcoming upgrade. The move comes as EigenLayer is facing competition from rival restaking projects, including Symbiotic and Karak.

📉Bitcoin Price Pulls Back After Failing To Overcome Key Resistance Level

The price of Bitcoin tumbled after failing to hold above resistance at $61,000 yesterday. Most top 10 cryptocurrencies shed 5% over the past 24 hours, while leading TON assets suffered losses of roughly 10%. Global stock market indexes were largely bullish, posting gains of up to 1%.

🚀PayPal’s PYUSD Becomes Sixth Largest Stablecoin After Solana Surge

PYUSD, the stablecoin from the fintech giant, PayPal, has enjoyed a surge in growth since launching on Solana in late May. Solana now accounts for 54% of PayPal USD’s market cap, with PYUSD ranking as the third-largest stablecoin on the network.

🆕Base Completes Chainlink Rollout With Data Streams and VRF

Base developers now have access to Chainlink’s entire suite of products following the integration of Data Streams and its Verifiable Random function. The news follows previous integrations of Chainlink’s Price Feeds, Cross-Chain Interoperability Protocol, and Functions services.

💁Arthur Hayes Wants Bitcoiners to Show Off Their Wealth With New Ordinals Collection

Arthur Hayes, the co-founder of BitMEX, opened the whitelist for his first Ordinals collection, dubbed Airheads. The tokens depict cartoon characters, with their heads enlarging based on the value of BTC held in a holder’s wallet.

🌍 ELSEWHERE

ZachXBT exposes North Korean agents infiltrating crypto projects to conduct thefts (CryptoSlate)
Stablecoin Regulations Could Pose Problems for Tether, JPMorgan Says (CoinDesk)
Uniswap Labs announces $2.35 million auditing competition, the ‘largest in DeFi history’ (The Block)
Risk Management Firm Chaos Labs Raises $55 Million in Series A Funding (Unchained)