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Quick Take Solana’s total stablecoin supply has reached a new high, exceeding $10 billion for the first time. The value of stablecoins on the network has increased by nearly 110% since January, growing from $5.1 billion to $10.8 billion. The surge in Solana’s stablecoins has been largely driven by Circle’s USDC issuance on the network.
Quick Take Ulbricht, who was previously imprisoned for over 11 years, said in a video clip that he is grateful to have his life back. Ulbricht said there’s “a lot to talk about,” and he looks forward to “re-engaging with the free world” once he feels up to it.
Quick Take THORChain has paused its THORFi services due to financial uncertainties. A 90-day restructuring initiative has been enforced to address issues.
Institutional investors are expected to moderate the intensity of any upcoming altcoin season by favoring bitcoin and ether, potentially driving their prices to new highs, an analyst said.This, coupled with the introduction of innovative investment products like buffered ETFs, signals a maturing crypto market where institutional influence plays a key role.
- 04:03OP Labs: The custom Gas token testing feature of OP Stack has been deprecatedOP Labs announced that the beta feature of OP Stack's custom Gas token has been deprecated. The beta feature allowed developers to use early versions of high-demand features, enabling teams to validate requirements through data and user feedback. However, since May 2024, with the development of ERC-4337 and Paymaster Services, the usage rate of the custom Gas token beta feature has steadily declined. In addition, OP Labs recommends all new chains start with standard ETH Gas token configurations and utilize account abstraction tools that allow users to pay for gas fees with other tokens instead of relying on custom Gas tokens.
- 04:02NAVI Protocol announces brand restructuringOn February 27th, Sui's one-stop liquidity protocol NAVI Protocol announced a new brand image. The brand is about to launch revolutionary new products. This brand upgrade integrates NAVI, Astros and Volo with a modern visual style to unify the NAVI ecosystem under the banner of strength and cohesion. NAVI.ag has been renamed as Astros and will launch more innovative products under its brand. Volo has upgraded its brand logo, while the team is working on bringing innovative optimizations for veSUILST model. All major brands will gradually adopt this new visual image on social platforms and official websites, along with releasing a new roadmap.
- 03:39ETH whales/institutions have sold 8074 ETH in the past 13 hours, worth 19.63 million USDAccording to on-chain analyst @ai_9684xtpa, there has been a continuous sell-off by OGs/big players in the market over the past two days: ETH whales/institutions have sold 8074 ETH in the past 13 hours, worth 19.63 million US dollars, with an average selling price of 2431 US dollars.