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In Brief Gitcoin shuts down Gitcoin Labs due to financial burdens. Focus shifts to strengthening the Gitcoin Grants program for future sustainability. Funding for the Gitcoin Grants Program is secured until approximately 2029.
In Brief Solana shows strong potential for outperforming Ethereum in the near term. Analysts highlight critical support levels for both Solana and Ethereum. Traders should remain cautious amidst market volatility while seizing potential opportunities.
In Brief PEPE coin shows signs of recovery similar to Dogecoin and Shiba Inu. Analysts predict potential price doubling for PEPE in the near term. Bitcoin's stability supports altcoin confidence amidst market volatility.
In Brief Cardano users can now perform XRP transactions through Lace Wallet. The Midnight Network is introducing new airdrop opportunities for XRP holders. Market reactions indicate cautious optimism for Cardano and XRP prices.
- 11:04Justin Sun: Believes JST Will Be the Next Hundredfold TokenJustin Sun stated, "JST (JUST) has completely achieved a fundamental turnaround, and I believe it will become the next hundredfold token. Firstly, JustLend, incubated by JST, has grown into one of the largest lending platforms, with net profits reaching tens of millions of dollars. The recently incubated USDD has also experienced explosive growth, which needs no further explanation. JST has essentially become a combination of Tron’s AAVE and MKR, with annual net profits reaching tens of millions of dollars and continuing to grow. A conservative revenue forecast for next year exceeds $100 million, and its current valuation is very low in comparison. JST will eventually use all profits to buy back and burn JST tokens at the appropriate time."
- 11:03Data: DeFi TVL Exceeds $100 Billion for the First Time Since March, Up 6% This MonthAccording to ChainCatcher, data from Defillama shows that the total DeFi TVL has exceeded $100 billion for the first time since March, rising 6% this month.
- 10:36BNB Chain: Purchased $25,000 MubarakBNB Chain announced that it has completed the third purchase under the BNB Chain Incentive Program, acquiring $25,000 worth of Mubarak.