#MarketTurbulence
🚀 Ethereum Surges Ahead While Bitcoin Slows Down
📊 Market Recap
Crypto Market Cap: $4.08T (+3.13%)
BTC +0.97% | ETH +17.18% 🔥
$900M longs liquidated mid-week 💥
SOL funding rates climbed while others cooled.
Stocks also gained: S&P +1.78%, Nasdaq +1.60%.
💡 Narrative of the Week: Stablecoins
Circle launching Arc (USDC chain).
Stripe announces Tempo (payments chain).
Tether’s Plasma expands with DeFi.
👉 Big firms entering stablecoin blockchains → potential challenge for existing L1s.
🔑 Major Updates
Qubic tested a 51% Monero attack ⚠️
OKX burns 65M OKB → supply capped at 21M → price tripled 🚀
LayerZero plans $110M buyout of Stargate.
Coinbase acquires Deribit to expand derivatives.
🏦 DeFi Highlights
Uniswap proposes U.S. legal entity → fee switch possible.
Starknet Extended DEX goes live.
Aerodrome integrates with Coinbase One → fee perks for AERO stakers.
✅ Key Takeaways
ETH outperformed BTC, showing strong dominance.
Stablecoin chains are reshaping the L1 narrative.
Qubic’s Monero experiment raises PoW centralization risks.
Big exchanges (OKX, Coinbase) continue aggressive expansion
