Circle launches Arc testnet to bridge traditional finance and onchain liquidity
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Daily top performer — Aerodrome Finance (AERO)
The S&P 500 gained 0.23% to a record high, supported by Fed rate cut expectations and strong tech sentiment. Gold fell 0.63% to $3,955 as hopes for a US–China trade deal reduced safe-haven demand. The Fed’s expected rate cut and Middle East tensions may cushion losses, with Gold still up 51% this year despite recent weakness. The Coindesk Indices, which tracks the broader crypto market, fell 1.73% with Bitcoin and Ether down 1.05% and 3.59%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.
Today’s top performer is AERO, up 9.1%, after Animoca Brands acquired and max-locked $AERO, reinforcing Aerodrome’s position as Base’s leading DeFi hub.
Aerodrome Finance (AERO), launched in August 2023, is a decentralized exchange on the Base blockchain built on the Velodrome V2 framework. It features advanced AMM tools such as customizable pools and automated veNFT management, using its AERO token and vote-lock governance model to attract liquidity and improve trading efficiency on Base. Animoca Brands announced it has acquired and max-locked a position in $AERO as $veAERO, citing Aerodrome Finance’s role as the main liquidity hub on Base with over 50% of the chain’s DEX TVL. The firm praised Aerodrome’s incentive model aligning veAERO holders and LPs, its innovative token launch system AERO Ignition, and its integration with Coinbase’s ecosystem, calling it a core pillar of Base’s DeFi growth.
Talk of the town
Circle has launched the public testnet for Arc, an open Layer 1 blockchain designed as an “Economic Operating System” for global finance. Built for payments, lending, capital markets, and foreign exchange, Arc offers predictable dollar-based fees, subsecond finality, and optional privacy while integrating directly with Circle’s infrastructure. Over 100 major institutions including BlackRock, Goldman Sachs, HSBC, BNY Mellon, Visa, Mastercard, and Coinbase, alongside DeFi protocols such as Uniswap, Aave, Curve, and Aerodrome, are participating. Circle plans for Arc to evolve toward decentralized governance, positioning it as a shared financial layer connecting traditional and onchain systems.
BTC spot ETF flows
Category | Flow (millions) |
GBTC | 0.0 |
Non-GBTC | 75.8 |
Total | 75.8 |
Yesterday, Bitcoin spot ETFs saw $75.8 million in net inflows, all from non-GBTC funds, while GBTC recorded no change.
Airdrop to watch
MetaMask has launched its Points Program (Season 1) on its mobile app, where users can now claim points retroactively based on past transactions. New users can also earn 250 signup points using a referral code and continue accumulating points through swaps and perps trading. The points will be redeemable for LINEA tokens and could potentially impact future $MASK token allocations, linking MetaMask’s trading activity with its broader ecosystem growth.
Check out the latest prices, charts, and data of LINEAUSDT perp and LINEA/USDT spot contracts!