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Meteora Token Goes Live

yyc trader & Olivia Capozzalo
October 24, 2025

Happy Friday, Defiers!

Solana-based DEX Meteora has launched its native MET token, with nearly half the token’s supply circulating at launch. MET is trading at a $550 million valuation.

Hyperliquid’s HYPE token rallied 10% after being listed by Robinhood. The fintech giant has been on a listing spree of late, recently also adding support for BNB and ZORA.

Aave Labs has acquired a Stable Finance, a San Francisco-based fintech, to simplify consumer access to stablecoin savings.

Finally, the recent AWS outage has sparked a debate over the potential role of decentralized infrastructure providers in making web3 projects more resilient.

Top News:

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Reclaim the Cloud, Onchain

This week’s global AWS outage took down large parts of the internet — a reminder of just how fragile centralized infrastructure really is. A handful of tech giants now control the web’s backbone, deciding who gets access and when. From AI training to app hosting, our digital lives depend on systems we can’t see or verify.

In Reclaim the Cloud, Onchain, presented by Filecoin Foundation, Molly Mackinlay outlines a new path forward — a decentralized cloud that’s auditable, adaptable, and open by design. The next chapter of the internet should be built on infrastructure we can all trust.

The future of the cloud starts with all of us. Be first to know when Filecoin Onchain Cloud launches: filecoin.cloud

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We’re back! Here’s what you need to know in web3 today

📈 Markets in the Past 24 Hours

TICKERVALUE24H
BitcoinBitcoin$111,002
1.63 %
EthereumEthereum$3,945.73
2.11 %
BNBBNB$1,126.08
2.88 %
XRPXRP$2.45
2.27 %
SolanaSolana$191.59
1.94 %

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🎬WATCH

Why Yat Siu Believes Altcoins Will Surpass Bitcoin

In the latest episode of The Defiant Podcast, Cami sat down with Animoca Brands co-founder Yat Siu. He reveals his vision for a trust layer built on zero-knowledge proofs, as well as plans for a Hong Kong dollar stablecoin, plus unpacks the Mocaverse ecosystem where staking power and airdrops build a verifiable, cross-chain identity.

Their conversation also explores the future of web3 gaming, the coming meta shift from GTA 6, and a bold thesis: why the entire altcoin market may one day eclipse Bitcoin.

Top News in the Past 24 Hours

  • HYPE Jumps 10% as Robinhood Announces Spot Listing Robinhood listed Hyperliquid's native token shortly after Hyperliquid Strategies filed to raise $1 billion for its HYPE treasury. Why it matters: The listing came less than 24 hours after Robinhood listed BNB. Both HYPE and BNB are considered by many to be tokens of competitors (Hyperliquid and Binance), though the three platforms dominate different niches.
  • Solana DEX Meteora Launches Native MET Token Meteora’s MET token launched and approximately 48% of the total 1 billion MET supply (around 480 million tokens) was released immediately, distributed to early supporters, liquidity providers, and ecosystem contributors. Why it matters: The project rebranded and announced plans for a new token (which would become MET) after FTX’s collapse. The firm was also involved in controversy around the LIBRA scam earlier this year.
  • Aave Labs Acquires Stable Finance to Expand DeFi Access The team behind DeFi giant Aave has acquired Stable Finance, a San Francisco-based fintech startup focused on stablecoin savings. Why it matters: This marks Aave Labs’ third acquisition, and a shift beyond its core protocol work toward making DeFi more accessible.
  • FEATURE: Can Decentralized Networks Make the Internet More Resilient? After the recent major AWS outage, experts weigh the risks of centralized clouds and the role of decentralized alternatives. Why it matters: Experts say the outage highlights the fragility of today’s internet, where a few centralized cloud providers dominate

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