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The SPX index is up by 1.18%, propelled by Nvidia's 5% increase, which pushed its market value to over $3 trillion, overtaking Apple. However, a recent ADP report indicated weaker-than-expected private job additions, suggesting a cooling but still robust labor market. Investors are now anticipating the upcoming monthly jobs report for further labor market insights. The broader cryptocurrency market is up, with Bitcoin and Ether rising by 1.18% and 1.52%, respectively in the past 24 hours.
Today’s outperformer is BB, which jumped 20.7% after BounceBit and Ethena Labs Launch New Staking Feature with Multi-Faceted Earning Opportunities.
BounceBit (BB), founded in 2024, is a Bitcoin staking protocol that merges decentralized (DeFi) and centralized finance (CeFi) yield mechanisms, allowing investors to earn through multiple methods. It also features a web3 universe for developing and automatically integrating new projects into its platform. BounceBit and Ethena Labs have launched a staking feature on portal.bouncebit.io, allowing users to stake $BBUSD to earn $sUSDe yield, 5x sats/day, and $BB rewards. This new feature, part of the 'Ethena' tab, integrates a $3 billion TVL yield-bearing protocol with BounceBit's unique staking mechanism and Ethena's Sats campaign, offering a multi-faceted earning opportunity.
Paxos has launched a new yield-generating stablecoin, the Lift Dollar (USDL), which is regulated by the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM) and issued in the UAE. USDL offers a daily yield around 5%, comparable to U.S. Treasury bond returns, and is structured similarly to other Paxos stablecoins, being backed by short-term U.S. government securities. The stablecoin targets markets outside the U.S., specifically Argentina, where it will be distributed by partners like Ripio, Buenbit, and TiendaCrypto. To attract users, Paxos has reduced its asset management fee, allowing users to earn slightly more than the announced 5% yield.
Category | Flow (millions) |
GBTC | 14.6 |
Non-GBTC | 318.1 |
Total | 332.7 |
Net inflows to spot bitcoin ETFs surged to $880 million on Tuesday, marking the second highest daily amount in their five-month history, led by funds like Fidelity's Wise Origin and BlackRock's iShares. The total inflows now approach $15 billion amid growing interest in cryptocurrency investments. This boost coincides with Bitcoin reaching over $71,000 and anticipation of SEC approval for Ethereum ETFs, signaling increasing judicial and legislative support for bitcoin.
The TAIKO token airdrop Phase 1 is now open, allowing eligible users to claim approximately 50 million tokens, representing 5% of the initial supply, from June 5 to July 5, 2024. Eligible claimants include Taiko proposers, provers, bridgers, users (including those with Galxe points), developers, GitHub contributors, and members of the Loopring community. To claim the tokens, users must first bridge ETH to cover gas fees via Taiko's official bridge or another ecosystem bridge, then follow the claim process at the designated website. For those who do not qualify for this airdrop, 10% of the total supply is reserved for the upcoming Trailblazers program, which rewards active engagement within the Taiko ecosystem. Check Out the Latest Prices, Charts, and Data of TAIKOUSDT Perp and TAIKO/USDT Spot!