CMC Market Pluse | 24 May 2025
DEFI Brief:
Circle Payments Network officially goes live, enabling real-time settlement of USDC payments via the blockchain between merchants, banks and payment providers.
Lido Finance releases their whitepaper for V3, focusing on modular and customized decentralized staking infrastructure for through stVaults.
#sui leading DEX, Cetus Protocol, has been exploited for $223M. Approximately $162M of the stolen funds have been frozen, with the rest having been bridged off to Ethereum as USDC.
VC Fundraises and Airdrops 💰
#PYUSD - focused non-custodial exchange, TrueX, raises $11M in a Series A funding round led by Accomplice and RRE Ventures, with support from Variant, PayPal Ventures and Reciprocal Ventures.
AI agent infrastructure layer, Catena, raises $18M in funding led by a16z crypto, with participation from Coinbase Ventures, CoinFund, Pillar VC and Circle Ventures.
Sam Altman’s Worldcoin raises $135M from a16z and Bain Capital Crypto in a liquid, market-priced token sale.
Bitcoin liquid staking protocol, Rover, raises $4.1M in a funding round, with investors including CMS Holdings, Animoca Ventures, Maelstrom and more.
Solana Optimistic Network releases the airdrop checker for the upcoming SOON token airdrop.
DeFi superapp, DeFi App, introduces the HOME token, which allocates 45% of the token supply to the Community and Ecosystem.
