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The S&P 500 rose 0.41% Monday despite US-China trade tensions, with markets eyeing upcoming data and a potential Trump-Xi call. Gold rose 2.5% to a 3-week high on a weaker dollar and rising geopolitical and trade tensions. The Coindesk Indices, which tracks the broader crypto market, rose 2.33%, with Bitcoin down 0.66% and Ether up 0.52%, 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 SOPH, up 40.2% after Sophon teamed up with Octane to secure launches for its Canvas crypto app program.
Sophon Network (SOPH), launched on December 18, 2024, is a consumer-focused Layer 2 ZK chain offering low fees and high throughput. Built on ZKsync, it uses the SOPH token for gas and node rewards to support mainstream crypto apps. Sophon has partnered with Octane Security to provide AI-driven security reviews for all projects in its $4M Canvas launchpad program, ensuring safer launches for upcoming consumer crypto apps.
Check out the latest prices, charts, and data of SOPHUSDT perp contracts!
Circle has increased both the size and price range of its upcoming IPO, now aiming to raise up to $896 million at a $7.2 billion valuation by offering 32 million shares at $27–$28 each. The move signals strong investor demand ahead of its NYSE debut under the ticker CRCL. The update follows a rejected $4–$5 billion acquisition offer from Ripple. Circle is the second-largest stablecoin issuer globally and remains committed to regulatory compliance for USDC in the U.S.
Category | Flow (millions) |
GBTC | (16.5) |
Non-GBTC | (120.6) |
Total | (137.1) |
Yesterday, BTC spot ETFs saw $137.1M in net outflows, with $16.5M from GBTC and $120.6M from non-GBTC funds.
Hyperdrive is a DeFi protocol on Hyperliquid’s HyperEVM offering fixed and variable yields via an AMM, with features like borrowing and leverage. Early users may qualify for both the Hyperdrive and Hyperliquid Airdrop 2 by bridging USDe from Arbitrum and depositing it into Hyperdrive. Though the points program isn’t live yet, user activity may already be tracked, making this a low-noise, early opportunity.