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Top observers.com News

Plasma Raises $500m in Oversubscribed XPL Token Sale for Stablecoin-Focused Blockchain
Startups

Plasma Raises $500m in Oversubscribed XPL Token Sale for Stablecoin-Focused Blockchain

Plasma, a startup focused on stablecoins, raised an impressive $500 million in its latest public token offering, far surpassing its initial target. On June 9, Plasma announced on X that its public token sale for XPL sold out in just…See the Story
Tether Moves $3.9B in Bitcoin to Twenty One Capital
Cryptocurrency Exchange

Tether Moves $3.9B in Bitcoin to Twenty One Capital

Tether and Bitfinex have moved 37,229.69 BTC, worth nearly $3.9 billion, to Twenty One Capital, a Bitcoin-native financial platform.See the Story
InfiniFi: Bold Ideas, Fresh Tokens, and Rapid Capital Growth

InfiniFi: Bold Ideas, Fresh Tokens, and Rapid Capital Growth

InfiniFi is a new DeFi protocol that has been gaining traction rapidly. Within just a few days of launch, it attracted over $23 million in deposits.The concept is ambitious: increase yields by optimizing the allocation of deposited funds using blockchain mechanisms such as smart contracts and incentive structures.On-Chain Fractional Reserve ProtocolThe team describes its approach as an on-chain equivalent of the fractional reserve model used in …Read Article

Whale Accumulation and Aave’s “Umbrella” Upgrade Stir Market as AAVE Tests Technical Support

Two whales bought ~$7.5M in AAVE with leveraged loans on June 6, per Lookonchain. Aave launched “Umbrella,” a new risk-management system to replace its Safety Module. AAVE price dropped ~5% to ~$250, testing critical Bollinger Band support near $255. According to on-chain tracker Lookonchain, two high-profile whales collectively purchased 29,739 AAVE tokens worth approximately $7.5 million on June 6.  One wallet (0x372c) reportedly borrowed $5 m…WhalesSee the Story

Ethereum Foundation Unveils New Treasury Strategy to Secure Its ETH Reserves

Quarterly transparency reports debut alongside strategy, detailing asset allocation and ETH/fiat conversion thresholds publiclyCryptocurrencySee the Story

Still more on stablecoins

100% Center coverage: 1 sources
Some real experts weigh inSee the Story

How Worldcoin Is Trying to Build a Blockchain for Humans

Sam Altman’s proof-of-humanity startup, World (formerly Worldcoin), recently announced a $135 million funding round led by a16z and Bain Capital Crypto. The news gave the $WLD token a healthy boost, sending its price up by 20%. While World’s token and the broader project often grab headlines, what many people don’t realize is that the team has also built its own Layer 2 network called Worldchain, and it has been quietly gaining traction since it…Sam AltmanRead Article

Turn Bitcoin Into a Real Yield Source with Katana and Hassle-Free DeFi - NetNewsLedger

Katana, powered by its native token KAT, emerges as an advanced solution to maximize liquidity and enhance yields across major DeFi protocols such as Morpho, Sushi, and Vertex. This new blockchain is designed to provide a more efficient, profitable, and cohesive experience for retail users, large investors, and institutional entities. Backed by strategic partners includingBlockchainSee the Story

Layer 2 Blockchain Project Shifts Focus from Ethereum to Bitcoin

Starknet was initially envisioned as a high-performance Layer 2 network for Ethereum, built on STARK proofs to enable scalable and secure smart contract execution without compromising decentralization. Its core innovation lay in using zero-knowledge validity proofs—specifically STARKs—to batch thousands of transactions off-chain and post a succinct proof to Ethereum, dramatically reducing gas costs and increasing throughput. Unlike optimistic ro…EthereumRead Article

Pakistan Announces Strategic Reserve 'Inspired' By Trump Moves In The US — Vows To Never Sell Bitcoin

50% Right coverage: 8 sources
Pakistan will establish a strategic Bitcoin (CRYPTO: BTC) reserve, the government's cryptocurrency advisor announced on Wednesday.Donald Trump · PakistanSee the Story

Binance Wallet Records $7.6 Billion in Daily Trading Volume

Trading activity on the Binance Wallet has exploded this month. On May 26, it reached $7.6 billion in daily volume — a huge jump from just $200 million at the beginning of May. That is more than 35 times higher in less than a month, which is a pretty rare thing to see.Crypto Wallets Trading Volume, source: dune.comThis isn’t just random growth. Binance launched its own crypto wallet in 2023. It is self-custodial, which means only the user contro…BinanceRead Article

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