From LayerZero to Strategy: 5 Stories Shaping the Record-Breaking Crypto Market
Main Idea
The crypto market reached a record $4.1 trillion cap, driven by Bitcoin and Ethereum surges, with notable institutional investments and strategic acquisitions like LayerZero's proposed $110 million purchase of Stargate Finance.
Key Points
1. The total crypto market capitalization hit a record $4.1 trillion, with Bitcoin surpassing $122k and Ethereum also contributing to the surge.
2. Strategy acquired 155 BTC at an average price of $116,401, reflecting continued institutional interest in Bitcoin.
3. LayerZero Foundation proposed a $110 million acquisition of Stargate Finance, planning to retire the STG token and replace it with ZRO at a fixed exchange rate.
4. Injective introduced the first on-chain Digital Asset Treasury, a significant innovation for DeFi infrastructure.
5. The crypto market is anticipating US inflation data reports (CPI and PPI), which could impact market movements.
Description
The total crypto market cap has reached a record $4.1 trillion, driven by the Bitcoin and Ethereum surges, as well as big institutional investment Strategy once again acquired Bitcoin, this time buying 155 BTC at an average price of $116,401 The LayerZero Foundation has proposed a $110 million acquisition of Stargate Finance, using a token swap to consolidate their cross-chain functionalities into a single protocol The crypto industry has been doing rather well lately, with several trending stor...
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