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The S&P 500 fell 2.95% after the Fed cut rates but reduced 2025 cut projections, raising inflation and growth forecasts, which drove up Treasury yields. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 2.71%, with Bitcoin and Ether dropping by 5.71% and 6.00%, respectively in the past 24 hours.
Today's top performer is USUAL, which surged 38.21% following the partnership announcement between Usual, Ethena, and BUIDL to enhance liquidity, yield, and composability in DeFi.
Usual (USUAL), launched in December 2024, is a multi-chain platform offering USD0, a decentralized stablecoin backed by real-world assets, redistributing financial power to the community. Usual, Ethena, and BUIDL (tokenized by Securitize) have partnered to enhance DeFi by integrating liquidity, yield, and composability. The collaboration allows USDtb and BUIDL as collateral for Usual’s USD0 stablecoin, offering maximized yields and seamless swaps between USD0, USDtb, and sUSDe. Ethena strengthens the initiative with delta-neutral strategies and treasury support, bridging TradFi and DeFi for improved liquidity and profitability.
Check Out the Latest Prices, Charts, and Data of USUALUSDT Perp Contracts!
Sonic Labs has launched its Sonic mainnet, an EVM-compatible Layer-1 blockchain evolved from Fantom, offering 10,000 TPS and sub-second finality. The platform introduces a "Fee Monetization" model that shares up to 90% of network fees with developers. FTM token holders can upgrade to the new S token on a one-to-one basis through a dedicated portal, with free swaps available for the first 90 days. The platform features a decentralized Sonic Gateway for secure Ethereum bridging, with plans for multi-chain expansion. Sonic Labs is distributing 190.5 million S tokens through an airdrop program targeting both users and developers, aiming to drive adoption and innovation on the platform.
Category | Flow (millions) |
GBTC | (35.9) |
Non-GBTC | (48.4) |
Total | (84.3) |
Yesterday, BTC Spot ETFs experienced total outflows of $84.3 million, including $35.9 million from GBTC and $48.4 million from non-GBTC funds.
Farm Frens and Everseed, developed by Amihan Entertainment, will launch their token and airdrop on Ethereum layer-2 network Base in January 2025. Players of Farm Frens and Everseed NFT holders will qualify for the airdrop. The studio plans to unite the games further, blending crypto and AI to create next-gen interactive experiences.