Advertisement

📊BTC Rallies Above $88K for the First Time in 3 Weeks

Happy Monday, Defiers!

Crypto markets kicked off the week in the green as investor sentiment was buoyed by Strategy’s latest Bitcoin purchase.

In other news, onchain social network Zora is getting heat for the timing of its upcoming airdrop, a week after Base’s controversial memecoin launch on the platform.

Meanwhile, U.S. stock markets are down as escalating trade tensions continue to rattle investors.

✍️ In today’s newsletter:

  • BTC briefly breaks above $88K after Saylor reveals Strategy’s latest buy
  • Critics come for Coinbase and Zora ahead of ZORA TGE
  • Synthetix’s sUSD slips below $0.70 after protocol update
  • Galaxy proposes new voting system for Solana inflation

🙏 Sponsored

📈 Markets in the last 24 hrs:

TickerValue24h
the-defiant
the-defiant
the-defiant
the-defiant
the-defiant

🎬WATCH

Check out The Defiant’s interview with Base creator Jesse Pollak. Last week, The Defiant’s Camila Russo sat down with Pollak to discuss Base’s controversial launch of “content coins” on web3 social network Zora.

THANKING OUR NEWSLETTER SPONSORS

| NEWSLETTER CONTINUES BELOW |

the-defiant

GOAT Network is the first sustainable BTC yield chain, using Decentralized Sequencers and multi-coin PoS. It transforms BTC and DOGE into yield-generating assets by tokenizing sequencer revenues, unlocking BTCFi and MemeFi’s potential. Get started at onepiece.goat.network

the-defiant

Trustless, verifiable, fully on-chain: DIA Lumina is the end of black box oracles. Mainnet is here.

the-defiant

Bitcoin Rallies Above $88,000 Boosted by Strategy’s Latest $555 Million Purchase

Bitcoin spiked above $88,000 for the first time in three weeks before retracing, after Strategy’s latest Bitcoin purchase. Meanwhile, ETH, XRP, and SOL are trading flat over the past 24 hours.

Coinbase and Zora Accused of Shady Marketing Ahead of ZORA Token Launch

Blockchain-based social network Zora will airdrop its official token on Wednesday, a week after Coinbase's L2 Base launched a controversial memecoin on the platform.

SPONSORED POST

the-defiant

Stablecoins are exploding, projected to hit $230 billion in 2025, bridging traditional finance and blockchain. Leaders like Tether and Circle, alongside innovations like Ethena’s yield-generating USDe, are driving adoption. They’re slashing cross-border payment times and costs, and powering DeFi’s growth. But are they a valuable inroad for institutions or a Trojan horse? As on-chain finance continues to grow and innovate, banks and other established financial institutions face a choice: adapt or risk obsolescence. Will stablecoins empower traditional finance to capitalize on the new value being generated by Web3, or serve as the seed for decentralization? Platforms like Stellar that enable compliant issuance may offer a middle path.

READ MORE: Stablecoins: Institutional Game-Changer or Web3’s Trojan Horse?

Synthetix’s sUSD Slides Further Away from Peg After Protocol Update

Now trading near $0.77, sUSD is far from out of the woods. The de-pegged USD stablecoin hit as low as $0.66 per token last week.

Galaxy Research Proposes Voting on a Spectrum to Curb Solana Inflation

Galaxy Digital’s research team unveiled a new proposal aimed at changing how validators reduce inflation on the Solana blockchain.

SPONSORED SHOUTOUT

the-defiant

Blockchain Futurist Conference returns for its 7th year in Toronto on May 13, 2025, at the historic Design Exchange, and expands to Greater Miami in November at DAER nightclub & dayclub, inside the Hard Rock Guitar Hotel Seminole!

Experience immersive venues, world-class speakers, epic networking, and live Web3 activations. Use code DEFIANT25 for 25% off! Learn more: https://www.futuristconference.com/

🔥TRENDING