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Quick Take Cross-chain bridge Stargate’s governance organization has approved an acquisition offer from LayerZero Foundation with nearly 95% of votes in favor. LayerZero Foundation modified its original bid following pushback from some Stargate token holders. Interoperability platform Wormhole made a late $120 million cash offer, and Across co-founder Hart Lambur and the Axelar Foundation both said they would make formal bids if the process was slowed. Ultimately, the DAO did not stop the vote that was alr
Quick Take Philippines Congressman Miguel Luis Villafuerte proposed that the country’s central bank buys 2,000 BTC annually for five years, with a 20-year lockup period. The bill also stipulates that the reserve must not be sold or traded for any purposes except to retire government debt.
Solana price extended weekend gains past $210 as on-chain data confirmed a record 10-month streak of surpassing Ethereum DEX volumes.
Bitcoin price fell as low as $114,400 on Sunday, Aug 24, lagging behind top altcoins. Can Michael Saylor’s hints on fresh purchases trigger bullish bets for the week ahead?
- 03:55Multicoin Managing Partner: SOL DAT generates native yield through staking, offering more advantages than BTC DATJinse Finance reported that Kyle Samani, Managing Partner at Multicoin Capital, recently pointed out in his analysis that compared to the bitcoin-based Digital Asset Treasury model (BTC DAT), SOL DAT has more advantages. He noted that BTC DAT seems to struggle to fulfill obligations under a priority structure due to the lack of native revenue sources. If a company is forced to sell assets during economic downturns, dividends or conversions become a burden and may dilute shareholder value. In contrast, SOL can generate real returns through native staking, with yields coming from organic economic activity and MEV (Maximum Extractable Value, profits gained from transaction ordering). This creates a self-sustaining model where returns are reinvested into SOL, thus providing incentives for long-term holders.
- 03:47Ethereum spot ETFs saw a net inflow of $638 million last week, with Fidelity FETH leading at $381 million.ChainCatcher news, according to SoSoValue data, last week the Ethereum spot ETF had a net inflow of $638 million during the trading week, with no net outflows. The Ethereum spot ETF with the largest net outflow last week was Fidelity FETH, with a weekly net inflow of $381 million. Currently, FETH's historical total net inflow has reached $2.86 billion; next is BlackRock ETF ETHA, with a weekly net outflow of $74.13 million. Currently, ETHA's historical total net inflow has reached $12.89 billion. As of press time, the total net asset value of Ethereum spot ETFs is $30.35 billion, with an ETF net asset ratio of 5.38%, and the historical cumulative net inflow has reached $13.36 billion.
- 03:47Matrixport: Market Index Fund has obtained Marketing registration from the UK Financial Conduct Authority (FCA)ChainCatcher news, according to the official announcement, Matrixport announced that its Market Index Fund has successfully obtained Marketing registration from the UK Financial Conduct Authority (FCA). The fund can now be compliantly distributed to professional and institutional clients in the UK.