Last week was quite active, here’s a brief summary.👇👇👇
🛒1. Narrative of the Week: USDC issuer Circle is listed on the New York Stock Exchange under the symbol CRCL. The IPO was oversubscribed 25 times and closed with a valuation of $6.9B.
🛒2. Major Project Updates: The Ethereum Foundation is restructuring and launching "Protocol," focusing on three main areas: scaling Ethereum L1, scaling L2s, and improving user experience.
🛒3. DeFi Summary: Paradigm researcher, Dave White, presents Orbital, an AMM specifically designed for stablecoin pools with any number of stablecoins.
🛒4. Meme Tokens: It is rumored that the memecoin launch platform & Pump.fun is preparing a token sale of $1B with a projected valuation of $4B in the coming weeks.
🛒5. Fundraising: 3Jane, a credit-based money market protocol, raises $5.2M in a seed round led by Paradigm, with participation from Wintermute Ventures, Coinbase Ventures, Robot Ventures, and others.
🛒6. Airdrops: Sonic reveals details for the S token airdrop: 25% will be liquid at launch, with the remaining 75% consolidating over 270 days.
