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Taproot Wizards, which describes itself as "magic internet JPEGs", offers a collection of Microsoft Paint images of wizards harking back to a 2013 bitcoin meme: "magic internet money."
The Pyth network currently has $1.57 billion in total value secured across 120 protocols.
A takeover would give the company a foothold in the U.S. as investors get optimistic that crypto ETFs will win SEC approval.
The move allows users to access the liquidity of bitcoin on decentralized finance (DeFi) without going through intermediaries like wrappers.
Dogecoin community plans to send a physical token to the moon in a December mission by space payload transporter Astrobotic.
Political headwinds could blunt the impact of the crypto exchange’s ramped-up lobbying efforts, the report said.
An email mentioning NFTs from Philip Davis was presented in court on Tuesday as part of prosecutors’ fraud case against the FTX founder.
- 03:35Jupiter now allows users to unpledge a portion of their JUP tokensThe Solana ecosystem DEX, Jupiter, has made two governance mechanism optimizations based on user feedback. The first allows users to partially cancel their JUP staking and vote while retaining some of the stakes. In addition, to give users more time to understand the proposal content, a timer has been added to the voting page that requires waiting for a few minutes before voting after opening a proposal.
- 03:30BTC options with a nominal value of 1.2 billion USD and ETH options worth 930 million USD are about to expireData from Greeks.live shows that on May 17, options delivery data: 18,000 BTC options are about to expire, with a Put Call Ratio of 0.63, the biggest pain point is $63,000 and the nominal value is $1.2 billion. Also, 320k ETH options are about to expire with a Put Call Ratio of 0.28; the biggest pain point is $3k and the nominal value is $930 million. Greeks.live states that this week was influenced by US stock Meme trend which led to significant capital inflows into BTC ETFs causing BTC's price to surge past $65k. However, outside of Memes crypto market remained weak as trading volume continued to decline reflecting in diverging option data for BTC and ETH. Looking at block trades and market trade structures all major term IV ended its downward trend entering sideways movement with not much room left for further declines. The balance between longs and shorts in BTC remains relatively even while weakness in ETH prices has led to continuous weakening of market confidence resulting in selling calls becoming absolutely dominant.
- 03:25sUSD dropped to around 0.925 early this morning, and has now rebounded to 0.956 dollarsCoingecko data shows that the stablecoin sUSD, minted by Synthetix's staked SNX, deviated to around 0.925 early this morning and has now rebounded to 0.956 dollars. According to Chaos Labs analysis, this deviation is due to large sBTC/wBTC liquidity providers withdrawing, using Synthetix's spot synthesis redemption to obtain sUSD, and selling sUSD in the related Curve pool.
