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- Chainlink’s LINK surged 563.5% in 24 hours due to increased on-chain activity and DeFi adoption. - Analysts link the spike to rising node counts, improved network reliability, and bullish institutional sentiment. - Technical indicators show overbought conditions, but long-term growth is supported by enterprise partnerships and protocol upgrades. - Despite a 441.4% weekly drop, LINK’s 4846% monthly gain highlights its resilience amid market volatility.
- dYdX plans to launch Telegram-based trading in September 2025, enabling direct in-app perpetual swaps via its Pocket Protector acquisition. - Integration with Telegram's 1 billion users and social login options simplifies DeFi onboarding, targeting 18-34-year-olds receptive to Web3. - Advanced order types (TWAP, Scale) and 98% faster APIs position dYdX to rival CEXs, while RWA contracts expand into traditional finance markets. - Partner Fee Share (50% fee allocation) and staking incentives create growth
ZachXBT distances himself from XRP, labeling it “exit liquidity” and refusing to help the community any further.XRP Under Scrutiny Yet AgainWhat This Means for the XRP Community
Vitalik Buterin warns there's a 20% chance quantum computers could crack modern cryptography by 2030.How Real is the Quantum Threat?Preparing for a Post-Quantum World
- 12:57Tether's new stablecoin USAT is planned to launch by the end of the yearChainCatcher reported that crypto journalist Eleanor Terrett stated that Tether held the US launch event for its new stablecoin USAT in New York. Tether CEO Paolo Ardoino said the goal is to launch USAT by the end of the year. The new CEO Bo Hines announced that the new US headquarters will be located in Charlotte, North Carolina.
- 12:35DefiLlama founder: Figure TVL data authenticity is questionable, not excluded from the ranking due to X platform follower countChainCatcher reported that DefiLlama founder 0xngmi posted on social media stating that DefiLlama discovered a serious discrepancy between Figure's on-chain assets and trading volume: BTC and ETH reserves are extremely limited, its own stablecoin supply is minimal, most loans are still processed in fiat currency, and there is almost no on-chain trading. They suspect that most of Figure's TVL may simply be a mirror of an internal database rather than real, tradable assets. As part of due diligence, DefiLlama has discussed Figure's TVL data (claimed to be $12 billion) with the Figure team in a Telegram group chat and has raised several system and issuance-related questions. However, a person familiar with the entire process spread rumors on X (formerly Twitter) claiming that DefiLlama refused to list Figure due to its follower count on X, and some even implied that DefiLlama charges listing fees, which is completely untrue. In fact, DefiLlama has never refused any project due to follower count, nor has it charged any fees, and it continues to adhere to strict due diligence to ensure the authenticity and reliability of the data.
- 11:54DefiLlama founder: Pressured for investigating and questioning Figure's claimed RWA dataJinse Finance reported that 0xngmi, the anonymous founder of the on-chain data analysis website DefiLlama, posted on the X platform stating that Figure wanted him not to conduct due diligence on the company and tried to exert pressure through both public and private defamation. 0xngmi pointed out that DefiLlama’s value lies in users’ trust in its ability to provide good data, and that providing high-quality data that meets user expectations and helps them make correct decisions is crucial. Figure claims that their on-chain RWA scale has reached $12 billion, but DefiLlama’s investigation found some strange things: 1. Figure only holds $5 million worth of BTC and $4 million worth of ETH on exchanges (with bitcoin’s 24-hour trading volume being only $2,000); 2. Figure’s own stablecoin YLDS has a supply of only 20 million, and theoretically all their RWA transactions should be based on this; 3. Most of Figure’s RWA asset transfer transactions appear to be conducted by accounts other than those holding these assets; 4. The vast majority of Figure’s loan processes are completed through fiat currency, with almost no on-chain payments found. Therefore, DefiLlama is unsure how $12 billion in assets are being traded when there are so few assets available for trading on-chain, and since most holders do not seem to transfer these assets with their own keys, whether they are simply mirroring their internal database onto the blockchain.