


According to on-chain analyst Yu Jin's monitoring, VELVET has surged 10 times in the past few days (from $0.09 to $0.9). During the price surge, addresses associated with the project transferred 22 million VELVET (worth $19.8 million) to exchanges such as Bitget, Gate, and Kucoin in the past 3 days....
BounceBit token utility remains unresolved after the chain shutdown, even as the company prepares a 1:1 BB reissue on BNB Chain.
The cost of maintaining the exchange rate is starting to be felt in interest rates, while the BCRA has slowed down its reserve purchases.
Solana (SOL) is preparing a v1 transaction format upgrade that will increase the maximum size of a single transaction from 1,232 bytes to 4,096 bytes. This change allows for significantly larger transactions to be processed at once.