$MNDE - Marinade Finance 📈
In case you're still holding. After TAI’s multi-x run last cycle, this is one of my latest Solana bags for this run Marinade Finance, a top 5 Solana protocol by TVL.
Not my biggest bag, but a solid bet: working product, strong fundamentals, the right kind of attention, and a professional team, all at a decent entry.
🟠 Bitcoin ($BTC ) holds above $100,000, driven by institutional flows: analysts
Institutional flows and “buy-the-dip” sentiment spurred Bitcoin’s run to $104,000 as most short-term holders entered unrealized gains after April’s lows, Glassnode said in a weekly report.
Following the drop to $75,000 on April 9, gradual accumulation phases emerged while spot BTC exchange-traded fund flows skyrocketed. Weekly average net inflows to Wall Street Bitcoin wallets peaked at $389 million per day for the week that ended on April 25. That same week saw $933 million in net inflows on April 22, the biggest single-day performance since Jan. 17.
“ETF inflows have since cooled off to around $58M/day, but the flows show that institutional interest in Bitcoin remains relatively robust,” Glassnode experts wrote.
🔸 Exchange activity
According to the report, institutional capital flows coincided with increased buying pressure on Coinbase and subdued sell orders on Binance.
Based on the Spot Cumulative Volume Delta (CVD) — a metric that tracks net buys and sells in spot order books — Coinbase traders spent up to $54 million per day on BTC purchases sometime last month. About $71 million in daily Bitcoin selloffs on Binance declined to about $9 million daily on average.
The demand confluence between spot #BTC ETFs and crypto exchange traders translated into a “stair-stepping” accumulation trend, as supply inventory dwindled at similar prices before price accelerations.
Short-Term Holders, buyers who entered the markets in the last 155 days, acquired a substantial amount of BTC between $93,000 and $95,000, the report further noted.
As such, the surge to $104,000 uplifted the STH Supply in Profit/Loss Ratio to 9.0, which meant 90% of Short-Term Holders' supply sat in profits. Glassnode suggested that the wave of unrealized gains likely triggered profit-taking from this cohort. Bitcoin has bounced between $102,000 and $103,700 in recent days as the rally cooled.
#Bitcoin
{spot}(BTCUSDT)
More liquidity and users are gonna pump to @FlareNetworks.
FAssets launched on Songbird, a crucial step towards bringing DeFi to $XRP via FXRP.
Here's how to capitalize on it 🧵
➣ What's FAssets?
FAssets are an innovative DeFi mechanism developed by @FlareNetwork that enables digital assets without smart contract support to be utilized in DeFi.
Minted copies of these assets, backed by various types of collateral, are known as FAssets.
$FXRP is the modified version of $XRP that can be capitalized on across DeFi protocols, for example, staking it.
➣ V1.1
V1.1 is the largest upgrade in FAssets' history. Here's why it's important:
With XRP-powered DeFi demand rising, FAssets v1.1 offers unlimited minting, lower capital needs for agents, and smoother scaling before the Flare mainnet launch.
Its architecture consists of three main parts:
- Core Vault: It acts as a liquidity hub where agents deposit XRP to unlock FLR collateral on Songbird and Flare networks. This collateral can mint more FXRP or be used elsewhere.
It also helps keep the system stable during high minting periods.
- Multi-layered Security: The Core Vault uses multi-layered security with escrow accounts and multi-signature authorization, offering decentralized reserves to ensure transaction integrity and limit daily exposure.
- Scalability: By lowering capital demands on agents and improving minting scalability, the system allows unlimited minting. FAssets v1.1 supports wider adoption and ecosystem growth.
➣ REWARDS
Flare will reward $SGB collateral providers and FXRP liquidity providers every two weeks with $rFLR.
These incentives aim to keep the ecosystem liquid enough and to provide enough collateral for all mints.
➣ Get Started
FXRP minting is live on Songbird. Don't waste time and start earning on your assets within the Flare ecosystem.
Mint here: