Advertisement

𖣓 Bitcoin Ordinals Attract Mempool Snipers

Together with

the-defiant

GM Defiers!

Bitcoin Ordinals trading is increasingly being dominated by mempool snipers. The architecture underpinning Ordinals trading allows sophisticated actors to snipe orders on-chain.

Analysts are reporting that the SEC is beginning to issue pre-approvals to Ether ETF issuers. Experts claim the funds are now on track to start trading on July 23.

Trump-related tokens have been soaring in the aftermath of the assassination attempt targeting the former president. The price of Trump trading cards came close to doubling, while TREMP and MAGA quickly posted gains as well.

Pendle is launching new pools on the Arbitrum network. The move comes after a sharp multi-billion drop in TVL following a large batch of Pendle’s markets maturing.

Plus, Scroll’s TVL pushes past $1 billion, Starknet taps Pyth for price oracles, Pixelverse announces PIXFI token on TON, and Matcha reveals new a trade routing engine.

✍️ In today’s newsletter:

  • Bitcoin Ordinals face on-chain sniping scourge
  • Spot Ether ETFs expected to hit markets on July 23
  • Trump tokens post sizable gains
  • Pendle expands markets onto Arbitrum
  • Scroll tags record TVL and throughput
  • Starknet leverages Pyth as oracle provider
  • Pixelverse plots TON-based token
  • Matcha unveils new engine for trade routing

🙏Sponsored

📈 Markets in the last 24 hrs:

THANKING OUR NEWSLETTER SPONSORS

| NEWSLETTER CONTINUES BELOW |

the-defiant

Stellar empowers builders to unlock human and economic potential. Explore the new Stellar smart contract platform, Soroban, designed for scale and sensibility.

the-defiant

The PayPal stablecoin PYUSD is live on Solana. PayPal has over two decades of payments experience, and is now making low-cost, high-throughput web3 payments possible through the PYUSD on Solana launch. Learn about PYUSDon Solana and start building the future of payments.

PayPal, Inc. is licensed to engage in virtual currency business activity by the New York State Department of Financial Services.

👀‘Mempool Sniping’ Plagues Bitcoin Ordinals

the-defiant

The markets for Bitcoin Ordinals and Runes are facing an epidemic of mempool sniping. Hundreds of sniped transactions are taking place each day, with sophisticated actors increasingly centralizing control over the sector.

📅 Bloomberg Analyst Says Ethereum Spot ETF to Launch July 23

Experts are penciling in July 23 for spot Ether ETFs entering the markets. Eric Blachunas of Bloomberg said the SEC is requesting final S-1 registration statements from prospective issuers on Wednesday, teeing up a likely launch early next week.

📈Trump-related Tokens Soar After Ex-President Survived Shooting at Rally

Insatiable profit-seekers converged on Trump-related markets after the former U.S. president narrowly escaped an assassination attempt during the weekend. The price of Trump trading cards jumped 78% in response to the news, while memecoins exhibiting Trump-related gimmicks posted eye-watering volatility.

🆕Pendle Launches New Pools On Arbitrum Network

Pendle is making moves to reclaim TVL after suffering a $2.8 billion drawdown after many of its markets matured last month. Pendle expanded its yield markets onto Arbitrum and also partnered with the upstart restaking protocol, Karak Network.

SPONSORED POST

the-defiant

zkVerify is a dedicated zero-knowledge proof verification network designed for settlement optimization, built by Horizen Labs.

zkVerify is uniquely architected as the first modular solution for the settlement layer that collapses security costs by decoupling proof verification from settlement on L1s.

Horizen Labs estimates $47 million was spent on proof verification in 2023 for zkrollups on Ethereum alone, and industry studies anticipate zk proof generation will become a $10 billion market by the year 2030. zkVerify removes the cost and complexity of computationally intensive proof verification for developers building with zkrollups. At the outset, zkVerify can be used to verify proofs on Ethereum and Bitcoin with a 90%+ cost reduction, and will rapidly expand to support multiple blockchain architectures.

READ MORE: WHAT IS ZKVERIFY

🚀Scroll TVL Soars Past $1 Billion

Airdrop farmers are driving impressive growth on Scroll. The Layer 2 network’s TVL pushed above $1 billion for the first time, coinciding with record-high throughput of 7 transactions per second.

🤝Starknet Integrates Pyth Network as Oracle Provider

Starknet has tapped Pyth Network for data oracle services. Starknet’s developers can now access more than 500 real-time price feeds provided by Pyth.

🪙Pixelverse to Launch PIXFI Token on TON Network

Pixelverse announced plans to launch a governance token on the TON network. News of PIXFI’spending launch follows its Telegram-based game, PixelTap, reporting 50 million new users.

🍵Matcha Unveils New Price Engine For Whales Trading on DEXs

Matcha, a decentralized exchange aggregator, unveiled a new matching engine designed to bolster the efficiency of trades worth up to $10 million executed via the platform.

🌍 ELSEWHERE

  • Uniswap Labs publicly launches wallet browser extension supporting 11 blockchains (The Block)
  • Sam Altman's Worldcoin Surges 15% as Investor and Team Lockup Extended (CoinDesk)
  • Stripe expands crypto purchasing into European market (Irish Independent)
  • Iggy Azalea Denies Dumping $2 Million Worth of MOTHER on Retail (Unchained Crypto)

🔥TRENDING