From LayerZero to Strategy: 5 Stories Shaping the Record-Breaking Crypto Market

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.