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Quick Take Fuel Labs has officially launched the mainnet of its flagship optimistic rollup network, Ignition. Ignition supports parallel transaction capabilities and is powered by the FuelVM virtual machine.
Quick Take The TON Foundation will leverage Axelar’s Mobius development stack as its preferred interoperability solution to improve connectivity with other blockchains. Axelar’s MDS will support the development of cross-chain decentralized applications within the TON ecosystem.
Quick Take UTXO Management led the round, with additional support from CMS Holdings, Ethos Fund and others. Hermetica develops the yield-bearing synthetic dollar USDh, which is issued on the Bitcoin network.
- 22:32Barstool Sports Founder Promotes ‘JAILSTOOL’ Token in Response to Accusations Over Meme Coin TradingBarstool Sports founder Dave Portnoy has been criticized for sharing Meme coin trades on the X platform, with some traders claiming he “slammed” 3.5 million followers. The controversy came after his previous investments in “Montoya por favor” and “Josh Allen MVP” tokens briefly skyrocketed and then quickly collapsed. In the face of criticism, Portnoy announced that he had purchased 50 million “JAILSTOOL” tokens and defended himself on the X platform, where he had promoted Safemoon in the past, the founder of which was later indicted by the SEC for fraud.
- 22:06Wall Street Bullish on Gold, Gold-Backed Tokens Perform StronglyDriven by concerns over the trade war and central bank holdings, Citi and UBS have raised their gold price forecasts, predicting that the bull market for gold will continue. Citi has raised its short-term target price to $3000 per ounce and increased its average annual price expectation from $2800 to $2900; UBS has also raised its 12-month target price to $3000. Currently, gold has risen to $2860, an increase of about 9% this year. Meanwhile, due to the rise in gold prices, gold-backed tokens such as PAXG and XAUT are outperforming the crypto market. It is expected that if gold prices continue to climb, these assets will benefit further.
- 22:04In the past 7 days, 63513.57 Bitcoins have flowed into exchange walletsAccording to the latest data from Coinglass, 63,513.57 Bitcoins have flowed into a certain exchange wallet over the past week.