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Botanix Launches Mainnet to Power the Bitcoin Economy with Chainlink, Fireblocks, GMX, Dolomite and Others

Botanix Launches Mainnet to Power the Bitcoin Economy with Chainlink, Fireblocks, GMX, Dolomite and Others

New York, United States, July 1st, 2025, Chainwire
Botanix is the first and only EVM-equivalent Bitcoin L2 that is decentralized from the start meaning no single entity, including Botanix Labs, can unilaterally influence or control the network as the network is run by a growing federation of industry-leading node operators.
Users can now trade, lend, borrow, stake, pay, LP, leverage, go short, go long, and stay stable all in bitcoin on Bitcoin, with an expanding ecosystem of Bitcoin-native applications.
Launching today, Bitcoin 2100 is a retro-futuristic immersive experience where players can earn bitcoin by exploring a world built on Bitcoin. Each house in the experience highlights a live app on the Botanix network, making it a fun way to discover what's possible when Bitcoin becomes programmable.
Botanix Labs, the protocol research team developing Botanix, the Bitcoin-based blockchain that powers the Bitcoin economy, today announced the launch of Botanix mainnet, with live applications including GMX and Dolomite, and ecosystem partners such as Chainlink and Fireblocks now active on the network. This milestone also marks the launch of new Bitcoin-native applications committed to building exclusively on the network, including Arch, Bitzy, Palladium, and Rover. With the launch of Botanix, Bitcoin users experience a significant improvement in transaction times, with block times reducing from 10 minutes to five seconds, and $0.02 transaction fees on average.
Mainnet goes live just days after Botanix officially transitioned governance and consensus to a 16-node founding federation of independent node operators, including Galaxy, Fireblocks, Alchemy, Antpool, XBTO, Kiln, Chorus One, and others. With this transition and the support of the Spiderchain, a novel Bitcoin scaling cryptographic primitive, Botanix becomes the first and only secure Bitcoin-based blockchain that is decentralized from inception, which means no single entity, including Botanix Labs, has control over the network. Botanix expects the operator set to expand beyond 100 in 2026.
'We've spent the last two years building Botanix to give Bitcoin real utility without compromising on self-custody,' said Willem Schroé, CEO and Co-Founder of Botanix Labs. 'Too many Bitcoiners have been burned by centralized platforms, which is why Botanix is fully decentralized at launch. No single party, including us, can touch a user's Bitcoin, and that's why I'm incredibly excited to see mainnet go live and finally put real tools into the hands of Bitcoiners. If we want a world that runs on Bitcoin, we have to build systems that honor its core principles of self-custody, open participation, and global fault tolerance.'
As part of the mainnet launch, Botanix is also introducing 'Bitcoin 2100', a retro-futuristic immersive experience that invites users. Players can collect free bitcoin, denominated in sats, by playing in a stylized world set in the year 2100, where Bitcoin has become the rails of a new financial system. Each house within the experience represents a different live application on the Botanix network, offering a creative and engaging way for users to discover what's possible when Bitcoin becomes programmable. Both mainnet and Bitcoin 2100 are live beginning today.
"Botanix adopting Chainlink is a significant step towards redefining what's possible for Bitcoin,' said Johann Eid, Chief Business Officer at Chainlink Labs. 'Botanix developers are now equipped to build advanced applications and unlock new utility for Bitcoin. This is a pivotal moment for the evolution of Bitcoin finance and the broader Bitcoin economy."
Botanix testnet has completed over 26M transactions since its launch in December 2024.
Founded in 2023, Botanix Labs is the protocol research and development team that initiated and coined the Spiderchain protocol and developed Botanix, an EVM-equivalent Bitcoin L2. With Botanix fully decentralized and independently operated, Botanix Labs contributes through research, developer tooling, and ecosystem growth.
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NYC mayoral candidate Zohran Mamdani's financial disclosure filings filled with discrepancies
NYC mayoral candidate Zohran Mamdani's financial disclosure filings filled with discrepancies

New York Post

time24 minutes ago

  • New York Post

NYC mayoral candidate Zohran Mamdani's financial disclosure filings filled with discrepancies

Socialist NYC mayoral candidate Zohran Mamdani has scored nearly $10 million in public matching funds for his campaign, despite having serious discrepancies in his mandatory financial disclosure filings, The Post has learned. Mamdani, the frontrunner heading into November's general election, claimed in a recent filing to the city's Conflicts of Interest Board reporting his finances for last year that he has owned vacant land in Jinja, Uganda, valued at $100,000 to $250,000 since March 14, 2016, records show. Mamdani, who earns $131,000 annually as a Queens-based state assemblyman, also noted owning interest in two stocks valued at a combined $5,000 to $55,000 – MiTec and PBC – and having a retirement plan worth another $1,000 to $5,000. Advertisement 3 Mamdani received his matching funds despite the apparent discrepancy in his financial disclosure forms. Janet Mayer/ However, in annual financial disclosure statements for 2020 through 2024 filed with the state Legislative Ethics Commission, Mamdani, 33, said he took full ownership of the Uganda site four years earlier – in 2012. He also didn't list any stocks, instead claiming the only the securities he owned were valued at less than $2,000 from a retirement plan with the social-justice organization Chhaya where he worked in 2019. Advertisement The revelation that Mamdani's state filings contradict his city filings come while two of his top competitors, Mayor Eric Adams and ex-Gov. Andrew Cuomo, have been denied millions of dollars in matching funds by the city's Campaign Finance Board after being flagged for various violations. 'Every time you scratch the surface with this guy, more red flags emerge,' said defense lawyer Jim Walden, who is running for mayor as an Independent. 'Here, the obvious concern is that he is understating his wealth. He should come clean. If he can't be honest, add that to the growing list of disqualifiers.' A rep for the Campaign Finance Board declined comment. Advertisement Lisa Partelow Reid, executive director of the state Legislative Ethics Commission, said elected officials who knowingly make false statements to the commission could face fines of up to $40,000. If amendments are needed 'the assumption' typically is 'an inadvertent error' occurred, she said. 3 Mayor Adams was not given matching funds for his reelection campaign. Derek French/SOPA Images/Shutterstock There are no records of Mamdani amending his filings. Reid declined to discuss Mamdani repeating the same information on his stocks and land ownership in five straight annual state filings – but then providing different information in his COIB filing. Advertisement 3 Heavy security and phone jammers marked a recent three-day celebration at Mamdani's Ugandan compound. New York Post COIB Executive Director Carolyn Miller deferred questions about matching funds to the Campaign Finance Board but said 'filers regularly and routinely amend their annual disclosure reports to resolve discrepancies.' Hank Sheinkopf, a longtime Democratic political consultant, questioned whether the state and city entities — which are designed to be independent and apolitical — are ignoring Mamdani's discrepancies because they're worried about being accused of Islamophobia. 'It's hypocritical at best,' he said. Mamdani did not return messages. Additional reporting by Gabrielle Fahmy

Bitcoin Mining Gets A Major Power Boost. Here's What Comes Next
Bitcoin Mining Gets A Major Power Boost. Here's What Comes Next

Forbes

time2 hours ago

  • Forbes

Bitcoin Mining Gets A Major Power Boost. Here's What Comes Next

The U.S. bitcoin mining industry just got its most disruptive upgrade yet. On August 14, 2025, Block unveiled Proto Rig, a modular, repairable, and upgradable bitcoin mining system, alongside Proto Fleet, a free and open-source fleet management software platform. The announcement took place at Core Scientific's bitcoin mining facility in Dalton, Georgia, where Proto Rigs are already in use. It comes at a high point for the industry, just one day after Bitcoin hit a record $124,457.12 and 24 hours after crypto exchange Bullish's explosive IPO. Proto is owned by Block, co-founded by Jack Dorsey, the creator of Twitter (now X). Block's portfolio includes Square, Cash App, Afterpay, Tidal, and Bitkey. The timing could not be more telling. Institutional enthusiasm for digital assets is rising, and the U.S. regulatory climate has grown friendlier, even as the economics of mining face more pressure from bitcoin's quadrennial halving. In this environment, Block's launch of mining hardware and software reads as a deliberate bid to address the industry's deepest pain points. Chinese Bitcoin Mining Hardware Giants Shift To U.S. Production Amid Tariffs For more than a decade, the global bitcoin mining hardware market has been overwhelmingly dominated by Chinese manufacturers such as Bitmain and MicroBT, whose ASIC rigs account for the vast majority of machines in operation worldwide. These units are known for high hash power but typically designed as short-lived, single-use machines that are expensive to replace, difficult to repair, and offer little flexibility for upgrades. The three largest Chinese bitcoin mining manufacturers are setting up U.S. production to avoid newly imposed tariffs from President Donald Trump. Together, they control over 90% of the global market, raising U.S. security concerns about reliance on Chinese hardware in critical crypto infrastructure. Block's Proto Rig Promises Decade-Long Lifespan And Game-Changing Mining Efficiency Proto Rig flips the current model on its head, offering a 10-year lifespan with modular hashboards, 90-second tool-free repairs, and upgrades on the operator's schedule. It delivers 1.5 times the power efficiency per foot of rack space and is compatible with both modern and legacy infrastructure, eliminating costly retrofits. 'Mining hardware hasn't really changed in years,' said Thomas Templeton, Block's hardware lead. 'Machines break often, are hard to repair, expensive and time-consuming to upgrade, and don't make the most efficient use of power or space. With Rig, we set out to change all of that — and contribute to hardware decentralization in the process.' By treating mining equipment as infrastructure instead of disposable gear, Block is giving operators a way to smooth capital expenditures over a longer period. For miners facing revenue cuts every four years, the ability to extend the lifecycle of a rig from three to five years to a decade could prove transformative. Free Open-Source Proto Fleet Software Launches To Modernize Bitcoin Mining Operations Proto Fleet promises to be just as groundbreaking as the hardware. This open-source software brings power scaling, diagnostics, monitoring, and maintenance into one streamlined platform. It is free for any miner to use, with or without Proto hardware. 'Mining hasn't really caught up with advances in software more broadly,' Templeton said. 'We saw an opportunity to make mining software something modern that improves operational efficiency instead of unnecessarily complicating things.' Open-sourcing Proto Fleet means anyone from large-scale operations to small independent miners can build on it, customize it, and improve it for the broader community. It marks a clear break from the closed and opaque software models that have long dominated the space. Proto Takes On Chinese Dominance In Bitcoin Mining Hardware U.S.-based Block is challenging the long-standing monopoly Chinese companies have held over bitcoin mining hardware, a dominance that has fueled security and supply chain concerns. While Proto has not disclosed its manufacturing locations, the move could open the door to new competitors, spur innovation, lower costs, and lessen reliance on a single source for critical mining infrastructure. How Bitcoin Miners Survive The 2028 Halving The mining business is uniquely cyclical. Every four years, the bitcoin halving cuts block rewards in half, instantly reducing miner revenue unless offset by higher bitcoin prices or operational efficiencies. The next bitcoin halving is scheduled for April 2028. Proto Rig's efficiency gains and lifecycle extension directly address this challenge. Lower repair costs, minimal downtime, and the ability to upgrade hashboards instead of entire units help miners preserve margins in a tightening reward environment. The open-source Proto Fleet software further supports this by streamlining operations and optimizing energy usage. Combined, these factors could make the difference between profitability and shutdown for some operators, especially in competitive energy markets. Potential Ripple Effects For The U.S. Bitcoin Mining Industry The debut of Proto Rig and Proto Fleet has the potential to shift dynamics in the bitcoin mining sector. If the hardware gains traction, it could encourage competition in a market long dominated by Chinese manufacturers, possibly lowering prices and expanding options. More durable and efficient rigs might help U.S. miners grow operations and reduce reliance on overseas supply chains. By offering open-source, free-to-use software, Block could also lower barriers for smaller miners, which may foster greater network decentralization and inspire advances in efficiency and energy integration. Bitcoin Record High And Bullish NYSE Debut Set The Stage For Proto's Newest Launch The unveiling of Proto Rig and Proto Fleet comes amid strong momentum in the crypto industry. Just a day earlier, Peter Thiel-backed exchange Bullish, led by former NYSE president Tom Farley, began trading on the NYSE, raising $1.1 billion. Pair that with Bitcoin's new all-time high, and Block's timing is ideal. The company is positioning itself not just as a hardware maker but as a strategic infrastructure provider for Bitcoin's next phase of growth, for all the players in the mining industry. 'What's Good For Bitcoin Is Good for All of Us' The energy at Proto's launch made it clear that Jack Dorsey and his team know how to deliver game-changing moments for Bitcoin. 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Bitcoin Rally Stalls on U.S. Inflation, Policy Whiplash: Crypto Daybook Americas
Bitcoin Rally Stalls on U.S. Inflation, Policy Whiplash: Crypto Daybook Americas

Yahoo

time3 hours ago

  • Yahoo

Bitcoin Rally Stalls on U.S. Inflation, Policy Whiplash: Crypto Daybook Americas

By James Van Straten (All times ET unless indicated otherwise)Bitcoin's (BTC) flirt with a record high $124,000 on Thursday was followed by a drop that led to it closing last weekend's CME gap at $117,600 after hotter-than-expected PPI inflation data and Treasury Secretary Scott Bessent's apparent flip-flop on bitcoin purchases for a strategic reserve. The gap occurs because CME hours for BTC futures don't match bitcoin's 24/7 trading. When the futures market is closed over the weekend, bitcoin's movements can create a discontinuity in prices on the CME chart. While filling the gap is a recurring pattern in market behavior, there's not guarantee it will take place. Bitcoin has now set four all-time highs in 2025. Importantly, the magnitude of pullbacks following these peaks has been shrinking. After it hit $109,000 in January, BTC fell 30% to $76,000 by April. In May, the $112,000 high was followed by a 12% drop in June. July's $123,000 peak led to a 9% decline. Most recently, August's $124,000 high has so far seen only a 7% percent pullback, though we're only one day in. Looking ahead, Friday's U.S. retail sales report is forecast at 0.7% month-over-month, which would mark the strongest reading since March. A stronger-than-expected number could further undermine expectations for a September rate cut. Further out, attention turns to the end of August when $12 billion in bitcoin options are set to expire on Deribit. The majority of open call options are concentrated between the $120,000 and $124,000 strike prices, suggesting that if bitcoin trades near these levels, it would align with the positioning of many derivatives traders. Stay alert! What to Watch Crypto Aug. 15: Record date for the next FTX distribution to holders of allowed Class 5 Customer Entitlement, Class 6 General Unsecured and Convenience Claims who meet pre-distribution requirements. Aug. 18: Coinbase Derivatives will launch nano SOL and nano XRP U.S. perpetual-style futures. Aug. 20: Qubic (QUBIC), the fastest blockchain ever recorded, will undergo its first yearly halving event as part of a controlled emission model. Although gross emissions remain fixed at one trillion QUBIC tokens per week, the adaptive burn rate will increase substantially — burning some 28.75 trillion tokens and reducing net effective emissions to about 21.25 trillion tokens. Macro Aug. 15, 3 p.m.: U.S. President Donald Trump and Russian President Vladimir Putin will meet in Alaska to discuss potential peace terms for the war in Ukraine. Aug. 15, 12 p.m.: Colombia's National Administrative Department of Statistics (DANE) releases Q2 GDP growth data. GDP Growth Rate QoQ Prev. 0.8% GDP Growth Rate YoY Est. 2.6% vs. Prev. 2.7% Aug. 15, 4 p.m.: Peru's National Institute of Statistics and Informatics releases June GDP YoY growth data. GDP Growth Rate YoY Est. 4.7 vs. Prev. 2.67% Aug. 18, 6 p.m.: The Central Reserve Bank of El Salvador releases July producer price inflation data. PPI YoY Prev. 1.29% Earnings (Estimates based on FactSet data) Aug. 15: Sharplink Gaming (SBET), pre-market Aug. 15: BitFuFu (FUFU), pre-market, $0.07 Aug. 18: Bitdeer Technologies Group (BTDR), pre-market, -$0.12 Token Events Governance votes & calls SoSoValue DAO is voting to allocate 5 million SOSO tokens for a Researcher Ecosystem Fund aimed at boosting top-tier crypto research through competitions and incentives, improving content quality, transparency and SOSO's utility. Voting ends Aug. 18. Uniswap DAO is voting to allocate $540,000 in UNI over six months to as many as 15 top delegates, with up to $6,000 a month based on voting activity, community engagement, proposal authorship and holding 1,000+ UNI. Voting ends Aug. 18 Aavegotchi DAO is voting on a Bitcoin Ben's Crypto Club Las Vegas sponsorship: a $1,000/month corporate membership (logo on sponsor wall, team access, newsletter feature, one branded meetup/month) or a $5,000, 90-day Graffiti Wall mural with promo. Voting ends Aug. 23. Unlocks Aug. 15: Avalanche (AVAX) to unlock 0.33% of its circulating supply worth $41.84 million. Aug. 15: Starknet (STRK) to unlock 3.53% of its circulating supply worth $18.12 million. Aug. 15: Sei (SEI) to unlock 0.96% of its circulating supply worth $18.94 million. Aug. 16: Arbitrum (ARB) to unlock 1.8% of its circulating supply worth $49.95 million. Aug. 18: Fasttoken (FTN) to unlock 4.64% of its circulating supply worth $91.6 million. Aug. 20: LayerZero (ZRO) to unlock 8.53% of its circulating supply worth $57.59 million. Aug. 20: Kaito (KAITO) to unlock 8.82% of its circulating supply worth $27.55 million. Token Launches Aug. 15: PublicAI (PUBLIC) launches on Bitget, Binance Alpha, KuCoin and LBank. Aug. 15: Pepecoin (PEP) launches on AscendEX. Conferences The CoinDesk Policy & Regulation conference (formerly known as State of Crypto) is a one-day boutique event held in Washington on Sept. 10 that allows general counsels, compliance officers and regulatory executives to meet with public officials responsible for crypto legislation and regulatory oversight. Space is limited. Use code CDB10 for 10% off your registration through Aug. 31. Day 4 of 7: Ethereum NYC (New York) Day 2 of 2: CryptoWinter '25 (Queenstown, New Zealand) Aug. 15: Bitcoin Educators Unconference (Vancouver) Aug. 17-21: Crypto 2025 (Santa Barbara, California) Aug. 18-21: Wyoming Blockchain Symposium 2025 (Jackson Hole) Aug. 21-22: Coinfest Asia 2025 (Bali, Indonesia) Token Talk By Oliver Knight The crypto market drop in the past 24 hours sparked around $1 billion worth of liquidations, with the majority occurring on ETH trading pairs, according to Coinglass data. Ether is trading back at $4,630 while a number of altcoins like TIA, CRV and OP all lost more than 7%. One asset, however, stood out: AERO rose 4.5% despite relentless waves of selling pressure and liquidations. AERO is the native token of decentralized exchange Aerodrome, which recently benefited from integration with Coinbase, allowing the exchange's customer base to trade directly on the DEX via the Coinbase app. Trading volume on Aerodrome jumped as a result, with $1.1 billion worth of crypto changing hands to mark the DEX's largest day since February, according to DefiLlama. Aerodrome is the largest native part of the Base ecosystem, with $612 million in total value locked (TVL). The only other protocols with a higher totals are Morpho and Aave, both of which are distributed across multiple blockchains while Aerodrome is on Base alone. Derivatives Positioning Open interest (OI) across top derivatives venues remains elevated, with bitcoin (BTC) sitting at $32.5 billion, just shy of its all-time high. Bitcoin OI is led by Binance ($13.8 billion) and Bybit ($9.3 billion). The elevated open interest is supported by steady gains in BTC three-month annualized basis, currently 8%-9% across all exchanges, according to Velo data. Compared with fourth-quarter 2024 levels of 15%, there is still room to grow. In options, implied volatility (IV) across different option maturities is upward sloping (contango), with near-term IV low at around 20% , Velo data show. The line rises toward 50% for maturities in mid 2026, a sign of increasing uncertainty further out. Looking at the past day's flows for puts vs calls, the ratio is 50:50, implying no extreme directional bias at the moment. Funding rate APRs across major perpetual swap venues are muted at around an annualized 5%-7%, pulling back from the elevated levels seen in the run up to bitcoin's record high on Thursday. This pattern suggests that the rally was largely spot driven, with an influx of shorts helping offset long demand. With funding now relatively low, there is room for fresh leveraged longs to enter the market, potentially adding momentum to the next move. Coinglass data shows $960 million in 24 hour liquidations, skewed 85% towards longs. ETH ($342 million), BTC ($162 million) and others ($116 million) were the leaders in terms of notional liquidations. Binance liquidation heatmap indicates $117,091 as a core liquidation level to monitor, in case of further price drops. Market Movements BTC is up 0.68% from 4 p.m. ET Thursday at $118,739.67 (24hrs: -1.67%) ETH is up 1.9% at $4,622.44 (24hrs: -1.58%) CoinDesk 20 is up 1.33% at 4,257.98 (24hrs: -2.78%) Ether CESR Composite Staking Rate is up 1 bp at 3.05% BTC funding rate is at 0.0082% (8.9976% annualized) on Binance DXY is down 0.37% at 97.89 Gold futures are up 0.16% at $3,388.50 Silver futures are down 0.52% at $37.87 Nikkei 225 closed up 1.71% at 43,378.31 Hang Seng closed down 0.98% at 25,270.07 FTSE is unchanged at 9,181.53 Euro Stoxx 50 is up 0.42% at 5,457.44 DJIA closed on Thursday unchanged at 44,911.26 S&P 500 closed unchanged at 6,468.54 Nasdaq Composite closed unchanged at 21,710.67 S&P/TSX Composite closed down 0.28% at 27,915.99 S&P 40 Latin America closed down 1.16% at 2,653.40 U.S. 10-Year Treasury rate is down 0.2 bps at 4.291% E-mini S&P 500 futures are unchanged at 6,493.75 E-mini Nasdaq-100 futures are down 0.2% at 23,883.00 E-mini Dow Jones Industrial Average Index are up 0.64% at 45,283.00 Bitcoin Stats BTC Dominance: 59.4% (-0.42%) Ether-bitcoin ratio: 0.03901 (1.5%) Hashrate (seven-day moving average): 908 EH/s Hashprice (spot): $58.40 Total fees: 4.33 BTC / $519,718 CME Futures Open Interest: 140,870 BTC BTC priced in gold: 35.7 oz. BTC vs gold market cap: 10.08% Technical Analysis Bitcoin dominance recently fell below the key historical level of 60%. In the past, such drops have often preceded significant altcoin rallies. However, given the current lack of a strong catalyst for a full-fledged altcoin season, the key question is the potential severity of the drop. The current level suggests that a selective or minor 'alt season' is underway. It does not yet imply a major, market-wide shift in the way previous cycles have. Crypto Equities Strategy (MSTR): closed on Thursday at $372.94 (-4.35%), unchanged in pre-market Coinbase Global (COIN): closed at $324.89 (-0.65%), +0.11% at $325.25 Circle (CRCL): closed at $139.23 (-9.1%), -1.61% at $136.99 Galaxy Digital (GLXY): closed at $28.57 (+0.81%), -0.25% at $28.50 Bullish (BLSH): closed at $74.63 (+9.75%), +1.73% at $75.99 MARA Holdings (MARA): closed at $15.75 (-0.69%), -0.13% at $15.73 Riot Platforms (RIOT): closed at $12.25 (+5.69%), -1.14% at $12.11 Core Scientific (CORZ): closed at $13.84 (-0.11%), -0.61% at $13.75 CleanSpark (CLSK): closed at $9.95 (-0.2%), +0.3% at $9.98 CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $26.97 (+5.76%) Semler Scientific (SMLR): closed at $35.13 (-1.24%), unchanged in pre-market Exodus Movement (EXOD): closed at $26.85 (-1.79%), +8.01% at $29 SharpLink Gaming (SBET): closed at $23.49 (-0.13%), -0.17% at $23.45 ETF Flows Spot BTC ETFs Daily net flows: $230.8 million Cumulative net flows: $54.97 billion Total BTC holdings ~1.29 million Spot ETH ETFs Daily net flows: $639.6 million Cumulative net flows: $12.75 billion Total ETH holdings ~6.27 million Source: Farside Investors Chart of the Day The total value locked (TVL) on yield-trading platform Pendle has surged past the $8 billion mark, representing a roughly 30% increase this month and positioning it as the ninth largest protocol by TVL. The majority of the growth has taken place on the Ethereum blockchain. A key factor driving growth is its close relationship with Ethena's stablecoin. Some 68% of Pendle's TVL is tied to USDe and sUSDe, making the protocol a direct proxy for the growth of Ethena's ecosystem and a bet on the continued expansion of high-yield, stablecoin-based strategies in the market. While You Were Sleeping Altcoin Season Could Begin in September as Bitcoin's Grip on Crypto Market Weakens: Coinbase Institutional (CoinDesk): Investor rotation into altcoins could accelerate in September, fueled by declining bitcoin dominance, better liquidity for alternative tokens and improving risk appetite, Coinbase Institutional's David Duong said. Circle to Offer 10 Million Class A Shares at $130 Each (CoinDesk): The stablecoin issuer is selling 2 million shares in a secondary offering, while insiders are offloading the other 8 million at over four times the price of the June IPO. Hong Kong Regulator Tightens Custody Standards for Licensed Crypto Exchanges (CoinDesk): The SFC set minimum standards for senior management responsibility, cold wallet operations, third-party wallet solutions and real-time threat monitoring after finding cyber and asset-protection weaknesses at some licensed platforms. Crypto Group Backed by Trump Sons Hunts for Bitcoin Companies in Asia (Financial Times): U.S.-based miner American Bitcoin, co-founded by Eric Trump, is reportedly pursuing listed firms in Japan and Hong Kong to convert into bitcoin-treasury vehicles, seeking to spark demand through stock-market exposure. China's Economy Slows Broadly Even as Exports Keep Rising (The New York Times): China's statistics bureau linked July's slowdown in retail sales, factory output and fixed-asset investment primarily to escalating trade frictions, which its chief economist characterized as protectionism and unilateralism. Japan's Economy Records Modest Growth Despite Trade Uncertainty (The Wall Street Journal): Second-quarter GDP rose 0.3%, but economists warn automakers' prolonged absorption of U.S. tariff costs could squeeze profits, curb wage growth and dent household spending. In the Ether Sign in to access your portfolio

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