🚀USDe Demand Spikes Amid Rally
GM Defiers!
Ethena has emerged as a major beneficiary of the recent bull market, with the market cap of its yield-bearing USDe stablecoin jumping 60% in less than six weeks.
Alexey Pertsev, a Tornado Cash developer, will remain in the custody of Dutch authorities while preparing to appeal a five-year prison sentence.
The value of assets held by spot Bitcoin ETFs is quickly closing in on that of gold, with more than $107 billion now held by the funds.
Also, Base throughput soars past 100 transactions per second, DAOsFun ships v3 iteration, and AI agent tokens return to form.
✍️ In today’s newsletter:
- High yields send USDe capitalization soaring
- Dutch authorities offer no mercy to Tornado Cash developer
- Altcoins rally as Bitcoin dips to $95,000
- Bitcoin ETF AUM keeps climbing
- Base extends L2 dominance
- DAOsFun introduces staking with v3 upgrade
- Memecoin traders reboard AI agent bandwagon
🙏Sponsored
📈 Markets in the last 24 hrs:
| NEWSLETTER CONTINUES BELOW |
Goat Network is the first BTC L2 to offer sustainable BTC yield
📈Market Cap of Ethena's USDe Stablecoin Surged 60% In Six Weeks
The market cap of Ethena’s USDe stablecoin is up 60% or $1.46 billion since mid-October, firmly positioning it as the fourth-largest stable token. USDe’s growth coincides with the recent bull market, with USDe yields growing alongside rising funding fees for short positions.
🧑⚖️Tornado Cash Developer Alexey Pertsev’s Detention Prolonged
A Dutch court extended the pre-trial detention of Alexey Pertsev, a developer who contributed to Tornado Cash. Pertsev said the ruling impacts his ability to prepare to mount an appeal after being convicted to more than five years behind bars for his role in maintaining the on-chain privacy protocol.
👀Bitcoin’s Rally Sends Bitcoin Spot ETFs Soaring
The value of assets managed by spot Bitcoin ETFs recently surged past $100 billion. The funds now hold $107.5 billion worth of BTC, equating to 5.48% of Bitcoin’s supply. The sector is closing in on gold, with gold ETFs currently managing $136.4 billion.
SPONSORED POST
Honor VS Madness Unveils GrimGold: A New Era in Player-Driven Ownership
Honor VS Madness (HvM) is redefining NFT-based gaming with the launch of GrimGold (GG), its native token, now live following the Token Generation Event on November 12th. GrimGold brings actual ownership to players, allowing them to trade, stake, and influence the game's evolution through blockchain-backed assets. Dive into strategic gameplay with exclusive card packs, rare character skins, and player-owned pets that add value and customization to every move.
With deflationary burn mechanics, staking rewards, and voting rights, GrimGold is a stake in HvM's future. Join tournaments, earn unique in-game assets, and help shape the game's development. Explore how HvM is setting new standards for community-driven economies in digital gaming.
READ MORE: Honor VS Madness Brings Player-Driven Ownership to NFT Gaming with GrimGold
📉Bitcoin Trades Flat Amid $500 Million of Crypto Liquidations
The cryptocurrency market started the week mixed, with investors’ focus shifting from Bitcoin to Ethereum and altcoins. DeFi tokens are outperforming, with Lido (LDO), Maker (MKR), and Uniswap (UNI) rallying between 11% and 16%.
⬆️Base’s Daily Throughput Exceeds 100 Transactions Per Second
Daily throughput on Base surged past 100 transactions per second. The milestone makes Base the first Ethereum L2 to achieve triple-digit throughput.
🥩DAOs.Fun Launches V3 Upgrade
DAOsFun, a launchpad for decentralized autonomous organizations, shipped its v3 upgrade. The move introduces a staking mechanism that distributes fees to participants.
🤖AI Agent Tokens Rebound to Fresh Highs
Tokens associated with AI agents are again enticing memecoin degens. Sector leaders ZEREBRO and BULLY both rallied to all-time highs, although traders appear to have rejected a $1 billion capitalization for GOAT.
🌍 ELSEWHERE
- El Salvador toys with renting 170 volcanoes to Bitcoin miners, aims to disrupt industry (CryptoSlate)
- MicroStrategy acquires another 55,500 bitcoin for $5.4 billion, taking holdings to 386,700 BTC (The Block)
- Axie Infinity Creator Cuts 21% of Staff Despite Year of ‘Valuable Growth' (CoinDesk)
🔥TRENDING
Free newsletters
Good reporting. Delivered.
Choose your coverage: crypto and DeFi, the future of finance, or both.
Free. Unsubscribe anytime.
