CompaniesJune 30 (Reuters) - Hong Kong-listed drug design tech firm Metis TechBio (7666.HK), opens new tab said on Tuesday it has granted U.S.-based biotechnology firm Boulevard Bio exclusive global rights to develop, manufacture and commercialise its experimental autoimmune drug MTS-128 in a deal that could be worth up to $1.6 billion.
The deal marks an advancement for U.S.-China tech collaboration as Beijing ramps up scrutiny of cross-border deals involving sensitive technologies.
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Under the terms, Boulevard will secure worldwide rights to develop, manufacture and commercialise MTS-128
Metis TechBio is eligible to receive $20 million as an upfront payment and up to $1.6 billion in additional payments tied to development, regulatory and commercial-related milestones.
Metis TechBio said in a filing to the Hong Kong stock exchange that MTS-128's successful development demonstrated the firm's capability to "deeply integrate artificial intelligence with protein drug design".
MTS-128 is for the autoimmune indication, according to Metis TechBio's website.
Metis TechBio did not immediately respond to a request for comment on which disease area MTS-128 targeted.
Beijing has tightened scrutiny of U.S. investment in domestic firms developing frontier technologies.
This year, China ordered U.S. tech giant Meta (META.O), opens new tab to unwind its $2 billion-plus acquisition of AI startup Manus.
Reporting by Andrew Silver in Shanghai; Additional reporting from Rajasik Mukherjee in Bengaluru; Editing by Janane Venkatraman and Lincoln Feast.
Our Standards: The Thomson Reuters Trust Principles., opens new tab
PANews reported on December 3rd that, according to The Block, the Aave governance forum is discussing a policy adjustment proposal put forward by ACI, which suggests shutting down low-income on-chain deployments such as zkSync, Metis, and Soneium, and setting a $2 million annual revenue threshold for future deployments. ACI stated that these instances cannot cover operational costs and increase engineering burden. Currently, the "temperature check" snapshot vote has received 100% support, and if passed, it will enter the formal governance process.
Last night, news broke that the Aave community has proposed a new strategy to adjust the V3 multi-chain deployment strategy, including increasing the reserve factor for underperforming networks .
A newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
According to monitoring by Onchain Lens, a newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
5 minutes ago
JPMorgan Chase raised its S&P 500 target to 7,800 points, while warning of an overcrowded AI trade.
JPMorgan Chase has raised its year-end outlook for U.S. stocks, while cautioning investors that the overcrowding in AI-related momentum stocks is becoming the market’s most vulnerable segment. The JPMorgan strategy team led by Dubravko Lakos-Bujas lifted its 2026 year-end target for the S&P 500 from 7,600 to 7,800 points, citing continued upward revisions to corporate earnings expectations and nearly doubling of AI-related capital expenditures. The bank noted that consensus earnings expectations for both 2026 and 2027 have been revised up by roughly 10% since the start of the year, a magnitude typically only seen in the recovery phase after a recession or major shock. However, JPMorgan does not interpret this upward revision as a risk-free rally. The bank pointed out that low-quality growth stocks, speculative growth stocks, and second- and third-tier AI-related concept stocks have become "extremely overcrowded," and a pullout of capital could trigger a rapid correction. The strategists also noted that rising equity supply in the coming quarters and potentially tight monetary policy could cap further valuation expansion. On the allocation front, JPMorgan recommends a barbell strategy: holding high-quality growth stocks and stocks directly benefiting from AI on one end, and low-volatility, high-quality stocks as a portfolio buffer on the other. The bank remains bullish on tech, select industrials, utilities, defense, banks, and some healthcare growth stocks, but believes the market’s upward trajectory will not be linear.
5 minutes ago
Preview: The U.S. May core PCE data will be released at 20:30 tonight, and is projected to hit its highest level since October 2023.
The Fed’s key inflation gauge, the Personal Consumption Expenditures (PCE) price index, will be released at 20:30 tonight, with markets expecting a sharp rise in May inflation that could reignite rate hike bets. The headline PCE year-over-year growth rate is projected to hit 4.1% in May, up from 3.8% in April and marking its highest level since 2023. Core PCE, which excludes food and energy, is forecast to rise to 3.4% year-over-year, up from 3.3% in April and its highest reading since October 2023. Core PCE has remained above the Fed’s 2% inflation target since 2021. The recent short-term inflation uptick was driven mainly by surging gasoline prices amid the Iran conflict in May. Oil prices have since edged lower following the signing of a peace deal between the U.S. and Iran, but core inflation has strengthened in tandem, indicating that price pressures are not solely tied to geopolitical oil shocks. Data from the CME FedWatch Tool shows that as of Wednesday, markets are pricing in a 34% probability of a 25 basis point rate hike in July. Aditya Bhave, U.S. economist at Bank of America Securities, noted that the recent inflation rebound stems in part from tariffs and one-off disruptions, but successive supply shocks have eroded the Fed’s patience, while deflationary room in the housing sector has largely been exhausted. Data shows that core PCE dipped to 2.6% in April, its lowest level since 2022, but annualized core PCE growth over the past three and six months has hovered near 3.8%.
5 minutes ago
SK Hynix plans to list on NASDAQ on July 10: A crypto whale opens 90% of its bullish positions in a single day, with all $21.27 million in long positions in unrealized profit.
According to Hyperinsight’s monitoring, SK Hynix officially announced its U.S. listing date today, targeting a July 10 debut on the NASDAQ. The company had previously disclosed a over $29 billion listing fundraising plan yesterday afternoon. Driven by listing optimism, SKHX surged 14% intraday, hitting $1930 at press time, with a daily trading volume of $407 million and open interest of $237 million. Since the news broke yesterday, 10 whales have built positions in SKHX on Hyperliquid, 9 of which opened long positions totaling around $21.27 million, at an average entry price of ~$1797.8 and average unweighted liquidation price of ~$1390.6. With price gains, all 9 long positions are now in unrealized profit. Market data shows that positions of over $1 million amount to roughly $140 million, with a long-short ratio (longs/shorts) of ~0.715. The average entry price for longs is ~$1672, while shorts average ~$1640. The nearest short liquidation threshold stands at $2149, just $200 away from the current price, mounting short-side pressure. -HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group, set it as admin (enable message sending permission) to auto-sync on-chain updates.
5 minutes ago
The "Retail vs. Wall Street" concept-linked token WEN continues its strong run, rising over 18% in after-hours trading.
According to Bitget market data, Wendy's (WEN) rallied 25.66% in the regular trading session, then climbed an extra 18.96% in after-hours trading, now changing hands at $9.35. Earlier reports noted that Serenity took to Twitter to mock the latest meme stock movement unfolding on Reddit's high-risk trading communities, targeting U.S. fast-food chain Wendy's. The Reddit community's meme warning reads: "If Wendy's goes bankrupt, we'll all be out of jobs, and after losing all our trading money, we'll have to work behind Wendy's trash cans." Serenity later clarified that they hold no positions, only found the activity amusing, and added they were unsure if the campaign would succeed. Wendy's holds a special cultural status on Reddit's WallStreetBets community; for years, "working behind Wendy's trash cans" has been a staple joke among retail investors mocking their trading losses.
5 minutes ago
Danske Bank: Federal Reserve may raise interest rates at least twice
Danske Bank senior analyst Kirstine Kundby-Nielsen and chief analyst Jens Peter Sorensen stated in a report that they expect the U.S. Federal Reserve to raise interest rates twice, in December 2026 and March 2027 respectively, bringing the federal funds rate to 4.00%-4.25%. "However, we emphasize there is a risk that rate hikes could come earlier and that the number of hikes may exceed two," they said. The first Federal Reserve meeting led by Kevin Warsh sent a clear signal that the Fed is increasingly moving away from forward guidance surrounding future monetary policy decisions. "All signs indicate that (the Fed) is leaning toward having greater discretion in future policy decisions," the Danske Bank analysts added. Source: Jin10
LazAI launched Open Launch on LazPad. Anyone can create and 'co-build' a memetic AI agent token that deploys directly on the Metis Andromeda network. Zero listing fees, $METIS pairing, and co-building functionality lets communities train and improve agents together.
Thiru Becomes Mr DevconnectMetis DevRel Thiru quickly became a familiar face at Devconnect when his viral arrival post surged to 29M views, and people were queueing up for selfies and interviews with him.
Shortly after, the Ethereum Foundation confirmed that Devcon 8 will be hosted in Mumbai India. Thiru shared his side of the story on many podcasts including The Rollup.
Lazarian Army RisesAn army of Lazarians is forming. Our new Ambassador Program rewards Web3 & AI creators across 3 tiers with monthly METIS tokens from a $22.5K pool, performance bonuses, VIP perks, and Honor NFTs. The mission? Champion decentralized AI and data ownership.
CreateAICreateAI went live on the 19th November. It's an autonomous AI marketplace where each agent output mints as a DAT for verifiable ownership on Metis.
Integrated with LazAI, GMPayer, and x402, creations are anchored, paid, and traded in a fully onchain AI-native market. You can explore CreateAI here.
The Metis Eco UnifiesMetis governance approved the Ecosystem Unification & Economic Model Evolution proposal, kicking off a new structural era for ReGenesis. The vote aligned Metis, LazAI, GOAT, and ZKM under one economic model, including optimizing DSseq mining rewards for stronger long-term sustainability.
LazAI Talks E6LazTalks #6 went live on November 13th, diving into the question of who should govern agent-to-agent payments. Speakers included Nabiha Sheikh (Lead Researcher at LazAI) Tom Ngo (CEO at Metis) Mike Massari (VP at AEON.XYZ) Anita (Building with SentientAGI) and Chuck (CFO at Polyflow)
Monthly HighlightsThe Metis Turkey community rallied for an impactful event where developments across the entire Metis stack were discussed.Lazbubu has reached over 2,700 daily users. The highest day reached 12,193 active users. AI companions are here to stay.CreateAI minted out 20,000 mints in under 3 hours on Andromeda.Elena Sinelnikova spoke with Daniel Alecio from Roundtable Network about Metis ReGenesis.LazAI introduced Open Launch, built on Metis infrastructure. Enabling permissionless AI agent token creation with organic price discovery and a unique co-build model.The Lazarian Ambassador Program went live with three tiers, monthly rewards from a $22,500 pool, and exclusive ecosystem access for content creators.The first LazAI Roundtable Eco Space with SoulTarot, LazAI Trader, and DogEX showed how AI powers their onchain products.Futurist Conference in Miami: Elena Sinelnikova spoke on "Blockchain & AI: The Playful Future of Intelligence"Metis won 'Layer 2 Solution of the Year' at BlockLife Forum 2025 in Dubai, recognized for our decentralized, scalable, and AI-ready blockchain infrastructure. Elena Sinelnikova sat down with Genzio CEO Zack Nelson to unpack the emerging AI Internet economy in a new video discussion.Summary November brought the ecosystem to life. Open Launch went live, enabling permissionless AI agent creation on Metis Andromeda. Governance unified the stack through ReGenesis. Lazbubu reached 12,000 daily active users, proving AI companions have arrived.
Join our Telegram community to help shape what comes next. The future of AI and Web3 is being written here.
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A newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
According to monitoring by Onchain Lens, a newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
5 minutes ago
JPMorgan Chase raised its S&P 500 target to 7,800 points, while warning of an overcrowded AI trade.
JPMorgan Chase has raised its year-end outlook for U.S. stocks, while cautioning investors that the overcrowding in AI-related momentum stocks is becoming the market’s most vulnerable segment. The JPMorgan strategy team led by Dubravko Lakos-Bujas lifted its 2026 year-end target for the S&P 500 from 7,600 to 7,800 points, citing continued upward revisions to corporate earnings expectations and nearly doubling of AI-related capital expenditures. The bank noted that consensus earnings expectations for both 2026 and 2027 have been revised up by roughly 10% since the start of the year, a magnitude typically only seen in the recovery phase after a recession or major shock. However, JPMorgan does not interpret this upward revision as a risk-free rally. The bank pointed out that low-quality growth stocks, speculative growth stocks, and second- and third-tier AI-related concept stocks have become "extremely overcrowded," and a pullout of capital could trigger a rapid correction. The strategists also noted that rising equity supply in the coming quarters and potentially tight monetary policy could cap further valuation expansion. On the allocation front, JPMorgan recommends a barbell strategy: holding high-quality growth stocks and stocks directly benefiting from AI on one end, and low-volatility, high-quality stocks as a portfolio buffer on the other. The bank remains bullish on tech, select industrials, utilities, defense, banks, and some healthcare growth stocks, but believes the market’s upward trajectory will not be linear.
5 minutes ago
Preview: The U.S. May core PCE data will be released at 20:30 tonight, and is projected to hit its highest level since October 2023.
The Fed’s key inflation gauge, the Personal Consumption Expenditures (PCE) price index, will be released at 20:30 tonight, with markets expecting a sharp rise in May inflation that could reignite rate hike bets. The headline PCE year-over-year growth rate is projected to hit 4.1% in May, up from 3.8% in April and marking its highest level since 2023. Core PCE, which excludes food and energy, is forecast to rise to 3.4% year-over-year, up from 3.3% in April and its highest reading since October 2023. Core PCE has remained above the Fed’s 2% inflation target since 2021. The recent short-term inflation uptick was driven mainly by surging gasoline prices amid the Iran conflict in May. Oil prices have since edged lower following the signing of a peace deal between the U.S. and Iran, but core inflation has strengthened in tandem, indicating that price pressures are not solely tied to geopolitical oil shocks. Data from the CME FedWatch Tool shows that as of Wednesday, markets are pricing in a 34% probability of a 25 basis point rate hike in July. Aditya Bhave, U.S. economist at Bank of America Securities, noted that the recent inflation rebound stems in part from tariffs and one-off disruptions, but successive supply shocks have eroded the Fed’s patience, while deflationary room in the housing sector has largely been exhausted. Data shows that core PCE dipped to 2.6% in April, its lowest level since 2022, but annualized core PCE growth over the past three and six months has hovered near 3.8%.
5 minutes ago
SK Hynix plans to list on NASDAQ on July 10: A crypto whale opens 90% of its bullish positions in a single day, with all $21.27 million in long positions in unrealized profit.
According to Hyperinsight’s monitoring, SK Hynix officially announced its U.S. listing date today, targeting a July 10 debut on the NASDAQ. The company had previously disclosed a over $29 billion listing fundraising plan yesterday afternoon. Driven by listing optimism, SKHX surged 14% intraday, hitting $1930 at press time, with a daily trading volume of $407 million and open interest of $237 million. Since the news broke yesterday, 10 whales have built positions in SKHX on Hyperliquid, 9 of which opened long positions totaling around $21.27 million, at an average entry price of ~$1797.8 and average unweighted liquidation price of ~$1390.6. With price gains, all 9 long positions are now in unrealized profit. Market data shows that positions of over $1 million amount to roughly $140 million, with a long-short ratio (longs/shorts) of ~0.715. The average entry price for longs is ~$1672, while shorts average ~$1640. The nearest short liquidation threshold stands at $2149, just $200 away from the current price, mounting short-side pressure. -HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group, set it as admin (enable message sending permission) to auto-sync on-chain updates.
5 minutes ago
The "Retail vs. Wall Street" concept-linked token WEN continues its strong run, rising over 18% in after-hours trading.
According to Bitget market data, Wendy's (WEN) rallied 25.66% in the regular trading session, then climbed an extra 18.96% in after-hours trading, now changing hands at $9.35. Earlier reports noted that Serenity took to Twitter to mock the latest meme stock movement unfolding on Reddit's high-risk trading communities, targeting U.S. fast-food chain Wendy's. The Reddit community's meme warning reads: "If Wendy's goes bankrupt, we'll all be out of jobs, and after losing all our trading money, we'll have to work behind Wendy's trash cans." Serenity later clarified that they hold no positions, only found the activity amusing, and added they were unsure if the campaign would succeed. Wendy's holds a special cultural status on Reddit's WallStreetBets community; for years, "working behind Wendy's trash cans" has been a staple joke among retail investors mocking their trading losses.
5 minutes ago
Danske Bank: Federal Reserve may raise interest rates at least twice
Danske Bank senior analyst Kirstine Kundby-Nielsen and chief analyst Jens Peter Sorensen stated in a report that they expect the U.S. Federal Reserve to raise interest rates twice, in December 2026 and March 2027 respectively, bringing the federal funds rate to 4.00%-4.25%. "However, we emphasize there is a risk that rate hikes could come earlier and that the number of hikes may exceed two," they said. The first Federal Reserve meeting led by Kevin Warsh sent a clear signal that the Fed is increasingly moving away from forward guidance surrounding future monetary policy decisions. "All signs indicate that (the Fed) is leaning toward having greater discretion in future policy decisions," the Danske Bank analysts added. Source: Jin10
Vital Block Security has announced its support of Metis as a blockchain network for Smart Contract Auditing and Security Services as part of its ongoing effort to expand on Layer-2 Security Solutions (2026). This announcement is yet another step towards fulfilling Vital Block’s vision of creating complete Security Infrastructure on many different Blockchain Platforms.
Strengthening Layer-2 Security Infrastructure This partnership is as strategically timed, given that the Layer-2 solutions have been dominating all conversations about scaling on Ethereum, and Metis is an Ethereum Layer-2 solution created with optimistic Rollup technology, but with additional benefits such as its native decentralized storage and its innovative Decentralized Autonomous Company (DAC) structure.
Metis exchanges transactions off-chain and uploads compressed data onto Ethereum to get verified. While this approach is used to dramatically increase transaction speed and throughput, it creates certain security aspects that require specialized auditing expertise.
Vital Block Security has proven to be a force to be reckoned within the realm of blockchain security, with over 1850 projects audited and over $2 billion in user funds secured. The firm uses ConsenSys MythX, Mythril, and Slither with manual code reviews and penetration testing to find the vulnerabilities before the exploit. A Layer-2 network like Metis must seamlessly integrate smart contracts to interact with both the L-2 and Ethereum mainnet environments, ensuring smooth operations without any disruptions.
Direct Benefits on Metis Developers For those creating software on the Metis, there are some huge practical benefits to this expansion immediately. Smart contract audits have become a necessary part of the development of lifecycles. With Vital Block now supporting Metis, they can display it on this Layer-2, which allows projects deployed on this layer to benefit from trying rigorous security assessments that have been established in more well-known blockchain communities.
Beyond code review, Vital Block’s services include verification of KYC (Know Your Customer) for project teams in order to bring credibility to the project teams and mitigate fraud risks. The verification process is of great significance to Metis as a platform for conventional businesses and Web3-projects who want to bring Blockchain technology to their business. This process is instrumental in establishing trust with mainstream users.
Metis has been steadily developing its ecosystem with decentralized apps in various domains such as DeFi, NFTs, gaming or infrastructure tools. The architecture of the blockchain includes EVM equivalence, a high speed of transactions and low cost of gas fees. However, technical capabilities are of little importance when security vulnerabilities cause a lack of user confidence.
Industry Background and Future Implications An increase in the number of professional audit firms conducting audits of layer-2 networks represents a significant step in the evolution of blockchain security. The inclusion of Metis on Vital Block’s list of supported blockchains alongside other Layer-2 networks such as Arbitrum, Optimism, and Base illustrates that Layer-2 solutions are becoming more prominent to scale Ethereum. Metis will assist in improving transaction throughput and speed across all systems associated with Ethereum.
Vital Block’s transparency distinguishes its approach, projects receive not just an audit report but also a certificate that can be shared with investors and community members. This is a public mechanism in which verifying prevents and allows security to become a marketing asset, and a signal of professional development standards.
Conclusion The addition of Metis to the Vital Block Security supported blockchain networks is a sign that there is a growing commitment to Layer-2 security. It represents the acknowledgment of the importance of Metis in the scaling of Ethereum. For developers who’re considering Metis as a platform for deployment access to professional security auditing takes away a huge obstacle. At the same time, it also secures further growth of the overall blockchain environment.
AUTHOR
Farhan Karim is a technology writer and content strategist with 15+ years of experience writing thousands of articles, blogs, whitepapers, and ebooks on Blockchain, Cryptocurrency, and other tech niches. His expertise in content strategy, SEO, and a keen eye on the ever-evolving tech space have led him to work with companies like Pepsi, Huawei, Arab News, and now Blockchain Reporter.
Fair Shares, a popular Web3 platform for decentralized ownership, has partnered with Metis, a renowned L2 platform, to improve Ethereum’s scalability. The partnership attempts to redefine digital asset ownership and on-chain finance with the latest waitlist. As per Fair Shares’ official social media announcement, the waitlist focuses on rewarding early adopters along with the active community participants. Hence, the development is set to bolster consumer engagement in addition to advancing yield-based financial projects and on-chain stocks.
As a part of the collaboration between Fair Shares and Metis, the participants joining early will get priority in access to the latest features, ecosystem opportunities, and benefits. This move merges the scalable L2 infrastructure of Metis with Fair Shares’ yield and decentralized ownership. The integration permits Fair Shares to offer relatively effective distribution infrastructure dealing with digital assets and on-chain stocks.
In addition to this, the integration is also poised to improve transfer efficiency, streamline consumer experience for those engaging with latest tokenized financial tools, and minimize costs. At the same time, the Metis-exclusive waitlist lets eligible users unlock diverse advantages, such as early Fair Shares product access and upcoming ecosystem benefits. Thus, the participants can leverage the opportunity to engage with referral projects and unique on-chain tasks to enable AP earning as well as upgrade before the wider community.
Simultaneously, this early engagement can assist consumers in establishing recognition and a solid presence within the network of Fair Shares ahead of the broader adoption. To take part in the waitlist, the clients need to follow both Metis and Fair Shares on social platforms. Additionally, they will be required to register through a specified access link. Then those completing the procedure ahead of January 23 will get 30 AP as a reward.
Expanding On-Chain Finance with Yield and Early Access Benefits According to Fair Shares, the partnership also underscores the wider vision of the platform when it comes to establishing diverse stable yield strategies in the case of digital assets and on-chain stocks. Ultimately, with new benefits, clear integration roadmap, and early access, the Metis-exclusive waitlist underscores a strategic development to broaden on-chain financial network while also revolutionizing digital asset ownership.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
Lazbubu announces the completion of a strategic funding round led by Metis, with participation from Hotcoin Labs, Honey Capital, APUS Capital, and Becker Ventures. The round supports continued development of Lazbubu’s decentralized AI architecture and reflects institutional interest in on-chain data ownership models within the AI companion sector.
The project stated that the funds will be directed toward core product development, global user growth initiatives, ecosystem partner expansion, and further refinement of its DAT mechanism. The participation of multiple institutions provides operational support as Lazbubu continues to develop infrastructure focused on user-controlled AI interaction data.
Lazbubu is a companion AI agent developed for the Web3 environment, designed to evolve through continuous interaction with individual users. By anchoring interaction data on chain, the system records conversations, decisions, and experiential inputs as part of the AI’s long-term development process. This approach enables personalized interaction while maintaining user sovereignty over data, positioning the product as a persistent digital companion rather than a conventional centralized AI service.
Project Core Mechanism
Lazbubu is built on BNB Chain, with its core technology centered on the DAT (Data Anchoring Token) mechanism. DAT is a data-anchoring token that allows users to mint and record AI interaction data on-chain in real time—every conversation and every adventure decision generates an immutable anchor point. These anchor points directly drive Lazbubu’s evolution: starting from an initial budding state, it gradually unlocks new personality traits, exclusive skills, unique storylines, and even cross-user social interactions. It resembles a blockchain-based nurturing game, but with all growth records transparently on-chain, giving users absolute sovereignty over their data—they can view, transfer, or combine it within the ecosystem at any time.
The product experience revolves around a core closed loop of “companionship + adventure.” Users can engage in natural conversations with Lazbubu, jointly explore virtual adventure scenarios, complete task challenges, or unlock social features (such as interactions with other Lazbubu instances). Every interaction contributes to growth value, creating strong retention mechanisms. Currently, the platform supports multimodal adventure modules, including text-based narratives, branching choices, and on-chain event recording, with plans to further expand visual and voice capabilities in the future.
Lazbubu’s Four Core Advantages
1. Innovative DAT Mechanism Establishing Technical Barriers
The DAT data-anchoring token enables user-driven on-chain interactions, completely resolving issues of data centralization and privacy in traditional AI, ensuring all growth records are verifiable and permanently owned by users, while offering circulation and combination potential within the ecosystem—a key breakthrough in decentralized AI.
2. Deep Nurturing Closed Loop Creating Emotional Stickiness
Every user conversation and adventure directly shapes Lazbubu’s unique personality and storyline, forming a long-term companionship experience akin to nurturing games, significantly enhancing user retention and emotional connection—far surpassing ordinary chat tools.
3. Hard Data Validating Strong Product-Market Fit
In its Testnet debut week, the project attracted over 80,000 whitelist participants, 14,000+ DAT mints, and more than 1 million interactions; after mainnet launch, daily interactions stabilized at 30,000–50,000, with cumulative adventures exceeding millions—these metrics fully demonstrate early PMF achievement in the AI companion track.
4. High-Potential Track Positioning with Clear Expansion Roadmap
Positioned at the intersection of AI emotional companionship and Web3 data sovereignty trends, future plans include expanding adventure/social modules, cross-chain compatibility, community governance, and deep integration with external DApps to build a complete digital companion ecosystem.
Project development data strongly validates early product-market fit. Lazbubu initially launched on the LazAI Testnet, attracting over 80,000 whitelist participants in its first week, completing 14,000+ DAT mints, and generating more than 1 million interactions. It subsequently expanded smoothly to the BNB Chain mainnet. Lazbubu has successfully captured the rigid demand for AI emotional companionship and established a differentiated moat through Web3 data sovereignty.
Future Roadmap
From a market positioning perspective, Lazbubu sits at the convergence of AI companionship and the decentralized data economy. The global AI companion market is experiencing rapid growth, while Web3’s user sovereignty trend provides the project with a natural moat. The future roadmap includes:
1. Deep Upgrade of Product Experience Continuously enriching adventure scenarios and social modules, expanding multimodal capabilities (visual, voice, etc.), further strengthening the “companionship + adventure” nurturing closed loop, and enhancing user emotional stickiness and interaction depth.
2. Technical and Ecosystem Expansion: Achieving cross-chain compatibility to support greater interoperability across on-chain ecosystems; deeply integrating with external DApps to generate synergistic value between DAT data anchors and a broader range of decentralized applications.
3. Community Governance and Long-term Sustainability Launching community governance mechanisms, gradually transferring partial decision-making authority to users and holders, and ultimately building a complete, user-led digital companion ecosystem.
These three directions mutually reinforce one another, with the overarching goal of evolving Lazbubu from a single companion AI into a mature digital companion infrastructure in the Web3 era.
Conclusion
With its DAT mechanism, documented usage data, and backing from multiple institutional participants, Lazbubu continues to develop within the Web3 and AI integration space. The project’s technical framework and reported market activity have drawn interest from industry observers, and its ongoing development remains under observation within the decentralized companion agent segment.
About Lazbubu
Built on the BNB Chain, Lazbubu leverages an innovative DAT (Data Anchoring Token) mechanism to enable verifiable, user-driven AI interactions in Web3.
Preface: The Agent Economy Is Not a Trend - It’s Happening NowThe Agent Economy is not an upcoming trend - it has already begun. It is not a proof-of-concept, nor an experiment confined to tech circles. It is a structural transformation in progress, reshaping how organizations operate, how value is created, and how coordination occurs across the internet.
AI is breaking through networks designed for “human-scale” interaction. The cost of coordination, generation, and transactions is being compressed to near zero, and the boundary between human and machine behavior is rapidly disappearing. The key question is no longer whether AI exists. As a16z points out, the challenge is that the internet was never designed to differentiate between humans and machines while maintaining privacy and usability. In this context, the Agent Economy is not a future narrative - it is the structure of reality.
From Tool to Agent: A Productivity LeapFor a long time, AI was regarded as a tool. It answered questions, generated content, and assisted with analysis—but it remained a system to be called upon. That phase has ended. The recent surge in popularity of OpenClaw and ClawdBot highlights a critical trend: AI agents have undergone a qualitative upgrade. Notably, OpenClaw enables agents to directly “capture” and persist user data in personalized memory, allowing each agent to retain interaction history in its long-term memory. This approach breaks the traditional data silos of the internet, giving users real ownership of their information and experiences. Such memory not only enhances the agent’s intelligence and continuity but also lays the foundation for trust and collaboration in a decentralized ecosystem.
The new generation of AI agents is no longer just a model behind an interface. They now possess behavioral capabilities:
They can autonomously execute multi-step tasks.They maintain persistent, long-term memory.They can combine, expand, and evolve their own skills.
McKinsey’s latest research shows that agentic AI, capable of reasoning, planning, and tool use, is key to achieving an AGI-level productivity leap. This assessment is already in practice: out of McKinsey’s 60,000 global employees, roughly 25,000 AI agents are collaborating with over 40,000 human employees.
The message is clear: agents are becoming productive units, not experimental novelties. Evolution is happening faster than we imagine. Remaining passive now risks being left behind in the next wave of competition.
EVE: A Real-World, “Cultivated” Agent CaseIn response to this reality, the Metis ecosystem has proactively positioned itself within the Agent Economy. Built on the Metis Agent framework, GOAT Network’s “super employee” EVE has been live since February 2. The team has invested over 100 hours interacting with her, sharing organizational knowledge and resources to build collective memory and continuously optimize outputs. EVE can intelligently analyze feedback, assist with decision-making, and collaborate with humans on future tasks.
EVE is not a proof-of-concept. She is a real-world example of this trend in action. Her development is not based solely on algorithmic fine-tuning but grows through deep interaction and knowledge sharing with the team.
The name EVE symbolizes “origin” and “creation.” She represents GOAT Network’s first AI employee and embodies our first practical experiment in a human-agent collaboration paradigm and the transition toward an AI-native organization.
Core capabilities of EVE:
Knowledge Sharing: Accesses team knowledge bases and understands business context to respond rapidly to new challenges.Collective Memory: Continuously accumulates work habits and best practices through interaction with the team, enhancing adaptability.Self-Evolution: Uses feedback mechanisms to refine outputs and provide high-quality decision support.
EVE’s success is not only as a “super employee” but also in helping Metis redefine its customer base—from purely human to a hybrid ecosystem including agents. This transition demonstrates how agent adoption profoundly reshapes workflows and interactions, emphasizing the urgency of building a trustworthy, scalable agent ecosystem.
The Trust Challenge Behind Scale: Why the Agent Economy Needs BlockchainEVE’s introduction does more than add a tool—it fundamentally changes team collaboration and decision-making processes. Her success highlights a crucial insight: agents do not replace humans; they augment human capability.
Human roles are evolving: In the Agent Economy, humans transition from “doers” to “coaches, trainers, and decision-makers.” No longer required to manage every detail, humans can focus on strategy, innovation, and high-value decisions. This shift improves efficiency and allows humans to concentrate on work requiring creativity and judgment.
Yet, as agents like EVE scale, a sharp tension arises: scalability becomes cheap, but trust becomes harder.
When AI can mass-produce voices, faces, and social personas, traditional identity systems fail. This is the fundamental driver behind Metis’ deep investment in the Agent Economy. As a16z emphasizes, blockchain restores the missing layer of trust and provides three key infrastructures for the agent economy:
Verifiable Identity (DID):Provides Agents with a portable, universal “passport” in the form of a feedback-enabled NFT compliant with the ERC-8004 standard. This identity not only describes the Agent’s traits and capabilities but also incorporates verifiable interaction and feedback mechanisms, allowing the Agent’s behavior, performance, and history to be continuously recorded on-chain as reputation. This reduces the risk of identity forgery in large-scale Agent collaboration and lays the foundation for trusted cooperation and economic incentives.Micro-Payment Architecture: Supports machine-scale micropayments and automatic settlement, enabling economic interactions between agents.Privacy Boundaries: Uses technologies like zero-knowledge proofs to verify agent permissions while safeguarding data privacy.Debot: A Decentralized AI Agent Framework for the Agent EconomyBased on a deep understanding of the Agent Economy trend, Metis, in collaboration with GOAT Network and LazAI, has launched Debot - a decentralized AI agent framework. The name is currently still an internal code name, but it is derived from “Decentralized Bot,” reflecting our vision: to enable each Agent to grow into an independent super-individual and autonomously establish social consensus.
Debot’s Core Advantages：
Debot vs Mainstream Agent Frameworks:
Feature Debot Mainstream Frameworks Codebase ~10.8k lines 50k–200k+ lines Core Language Rust (Safe & Fast) Pure Python Cost-Saving Routing Built-in, 71% savings None / Additional Integration Deployment Speed 2 minutes Typically more setup Instant Messaging Telegram + WhatsApp built-in Usually requires plugins Long-Term Memory Built-in semantic search Requires external vector DB Local Model Support Native vLLM Partial support This is not just engineering optimization - it reflects a deep understanding of user needs in the Agent Economy era. Debot’s design philosophy stems from a core insight: AI can forge content, but cryptography makes large-scale imitation of unique human identity costly. By restoring scarcity at the identity layer, blockchain raises the marginal cost for impersonators without adding friction for legitimate human behavior. This is why we built Debot on a decentralized infrastructure - not for hype, but because it is the only way to make an agent ecosystem trustworthy and scalable.
Open Source & Ecosystem: Beyond a Single ProductDebot’s significance extends far beyond a product. We chose to open-source it because we believe in the power of ecosystem collaboration.
Benefits of open source:
Attract External Collaboration: Community participation drives innovative applications and diverse implementations.Accelerate Technical Iteration: Open ecosystems quickly identify issues, optimize features, and advance breakthroughs.Build Scalable Agent Ecosystems: Debot is intended as foundational infrastructure for the Agent Economy, supporting more applications and services.
The strategic collaboration between Metis, LazAI, and GOAT Network demonstrates the power of ecosystem synergy:
Metis provides a decentralized Layer 2 infrastructure, offering agents high-performance, low-cost on-chain execution.LazAI contributes deep expertise in AI agents, ensuring intelligent framework capabilities and training efficiency.GOAT Network provides real-world use cases and user validation, accelerating practical agent deployment.
This is not just a technical combination; it is a strategic ecosystem initiative. Controlling internet identity equates to controlling participation. In the traditional internet, platforms can revoke access, levy fees, or monitor users. Decentralization flips this dynamic: users control their own identities, making them safer and more censorship-resistant. This is why we chose to build an open-source, decentralized agent framework rather than a closed proprietary system. In the Agent Economy, identity, privacy, and payment trustworthiness will determine everything.
The Agent era has arrived, and the internet is being re-“humanized.”This is not a proof-of-concept - it is a transformative organizational and market shift. We recognize the enormous potential of agents and the limitations of the traditional “human + software” model.
Through EVE, we have demonstrated the feasibility of agents as “super employees” - capable not only of executing tasks but also of thinking proactively, making suggestions, and continuously evolving. Through Debot’s open source release, we provide tools and platforms for developers and enterprises worldwide to participate in the Agent Economy.
Business interactions are evolving: EVE’s presence is not merely about efficiency. She is subtly changing the language and structure of business interactions. Institutional knowledge moats are growing, and code execution is depreciating, as execution can be outsourced to agents. The real challenge is: do you know what to do, and can you convert experience into transferable, reusable processes and principles?
The rise of the “one-person company”: With digital colleagues like EVE handling research, writing, coordination, and partial decision support, a single person can lead an “AI team.” Organizational scale will be determined by cognitive density and process assets, not merely headcount.
The internet is becoming “non-human”: The future internet will be saturated with AI agents. Many services will no longer be primarily human-focused but agent-focused. As agent-to-agent interactions become mainstream, collaboration, privacy, payment, reputation, and compliance will all be redefined.
The Agent Economy has begun, and the window of opportunity is opening. Future organizations will no longer be composed solely of humans. As more EVEs emerge across enterprises and agent-to-agent collaboration becomes standard, the operational logic of the entire internet will be rewritten.
It’s time to act. We invite you to experience Debot and join the revolution of the intelligent agent economy. Whether you are a developer building your own AI assistant or a decision-maker deploying intelligent agents for your enterprise, Debot provides the tools and support you need.
Visit the Debot GitHub to get started or join our community to drive the Agent Economy forward with developers worldwide. Make your move before the wave of the agent economy passes. Don’t just watch - act now and help define the next-generation internet.
Shares of Metis TechBio Co, a biotechnology company using artificial intelligence to deliver and formulate drugs, jumped 127% in their Hong Kong debut on Wednesday, adding to a string of first-day pops in the city.
The stock rose as high as HK$29.98 in early trading and closed at HK$23.80, compared with a price of HK$10.50 apiece in the initial public offering that raised HK$2.1 billion ($270 million), giving it a market value of $3.5 billion. Impact Therapeutics Inc, a cancer drug developer that also began trading on Wednesday, jumped 108% after raising $108 million in an IPO.
PANews reported on May 24th that, according to The Block, court documents show that Fenwick & West, the Silicon Valley law firm that served as the lead outside legal counsel for the FTX US exchange before its collapse in 2022, has agreed to pay $54 million to settle allegations that it assisted Sam Bankman-Fried in committing fraud. This settlement is part of a second tranche of settlements with FTX, which also includes $11.75 million from auditor Prager Metis and $420,000 from former NBA player Udonis Haslem. The second tranche of FTX class-action lawsuit settlements totals approximately $66.17 million. Fenwick denies any wrongdoing and still faces a separate $525 million lawsuit in Washington, which was not resolved by the settlement.
A newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
According to monitoring by Onchain Lens, a newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
5 minutes ago
JPMorgan Chase raised its S&P 500 target to 7,800 points, while warning of an overcrowded AI trade.
JPMorgan Chase has raised its year-end outlook for U.S. stocks, while cautioning investors that the overcrowding in AI-related momentum stocks is becoming the market’s most vulnerable segment. The JPMorgan strategy team led by Dubravko Lakos-Bujas lifted its 2026 year-end target for the S&P 500 from 7,600 to 7,800 points, citing continued upward revisions to corporate earnings expectations and nearly doubling of AI-related capital expenditures. The bank noted that consensus earnings expectations for both 2026 and 2027 have been revised up by roughly 10% since the start of the year, a magnitude typically only seen in the recovery phase after a recession or major shock. However, JPMorgan does not interpret this upward revision as a risk-free rally. The bank pointed out that low-quality growth stocks, speculative growth stocks, and second- and third-tier AI-related concept stocks have become "extremely overcrowded," and a pullout of capital could trigger a rapid correction. The strategists also noted that rising equity supply in the coming quarters and potentially tight monetary policy could cap further valuation expansion. On the allocation front, JPMorgan recommends a barbell strategy: holding high-quality growth stocks and stocks directly benefiting from AI on one end, and low-volatility, high-quality stocks as a portfolio buffer on the other. The bank remains bullish on tech, select industrials, utilities, defense, banks, and some healthcare growth stocks, but believes the market’s upward trajectory will not be linear.
5 minutes ago
Preview: The U.S. May core PCE data will be released at 20:30 tonight, and is projected to hit its highest level since October 2023.
The Fed’s key inflation gauge, the Personal Consumption Expenditures (PCE) price index, will be released at 20:30 tonight, with markets expecting a sharp rise in May inflation that could reignite rate hike bets. The headline PCE year-over-year growth rate is projected to hit 4.1% in May, up from 3.8% in April and marking its highest level since 2023. Core PCE, which excludes food and energy, is forecast to rise to 3.4% year-over-year, up from 3.3% in April and its highest reading since October 2023. Core PCE has remained above the Fed’s 2% inflation target since 2021. The recent short-term inflation uptick was driven mainly by surging gasoline prices amid the Iran conflict in May. Oil prices have since edged lower following the signing of a peace deal between the U.S. and Iran, but core inflation has strengthened in tandem, indicating that price pressures are not solely tied to geopolitical oil shocks. Data from the CME FedWatch Tool shows that as of Wednesday, markets are pricing in a 34% probability of a 25 basis point rate hike in July. Aditya Bhave, U.S. economist at Bank of America Securities, noted that the recent inflation rebound stems in part from tariffs and one-off disruptions, but successive supply shocks have eroded the Fed’s patience, while deflationary room in the housing sector has largely been exhausted. Data shows that core PCE dipped to 2.6% in April, its lowest level since 2022, but annualized core PCE growth over the past three and six months has hovered near 3.8%.
5 minutes ago
SK Hynix plans to list on NASDAQ on July 10: A crypto whale opens 90% of its bullish positions in a single day, with all $21.27 million in long positions in unrealized profit.
According to Hyperinsight’s monitoring, SK Hynix officially announced its U.S. listing date today, targeting a July 10 debut on the NASDAQ. The company had previously disclosed a over $29 billion listing fundraising plan yesterday afternoon. Driven by listing optimism, SKHX surged 14% intraday, hitting $1930 at press time, with a daily trading volume of $407 million and open interest of $237 million. Since the news broke yesterday, 10 whales have built positions in SKHX on Hyperliquid, 9 of which opened long positions totaling around $21.27 million, at an average entry price of ~$1797.8 and average unweighted liquidation price of ~$1390.6. With price gains, all 9 long positions are now in unrealized profit. Market data shows that positions of over $1 million amount to roughly $140 million, with a long-short ratio (longs/shorts) of ~0.715. The average entry price for longs is ~$1672, while shorts average ~$1640. The nearest short liquidation threshold stands at $2149, just $200 away from the current price, mounting short-side pressure. -HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group, set it as admin (enable message sending permission) to auto-sync on-chain updates.
5 minutes ago
The "Retail vs. Wall Street" concept-linked token WEN continues its strong run, rising over 18% in after-hours trading.
According to Bitget market data, Wendy's (WEN) rallied 25.66% in the regular trading session, then climbed an extra 18.96% in after-hours trading, now changing hands at $9.35. Earlier reports noted that Serenity took to Twitter to mock the latest meme stock movement unfolding on Reddit's high-risk trading communities, targeting U.S. fast-food chain Wendy's. The Reddit community's meme warning reads: "If Wendy's goes bankrupt, we'll all be out of jobs, and after losing all our trading money, we'll have to work behind Wendy's trash cans." Serenity later clarified that they hold no positions, only found the activity amusing, and added they were unsure if the campaign would succeed. Wendy's holds a special cultural status on Reddit's WallStreetBets community; for years, "working behind Wendy's trash cans" has been a staple joke among retail investors mocking their trading losses.
5 minutes ago
Danske Bank: Federal Reserve may raise interest rates at least twice
Danske Bank senior analyst Kirstine Kundby-Nielsen and chief analyst Jens Peter Sorensen stated in a report that they expect the U.S. Federal Reserve to raise interest rates twice, in December 2026 and March 2027 respectively, bringing the federal funds rate to 4.00%-4.25%. "However, we emphasize there is a risk that rate hikes could come earlier and that the number of hikes may exceed two," they said. The first Federal Reserve meeting led by Kevin Warsh sent a clear signal that the Fed is increasingly moving away from forward guidance surrounding future monetary policy decisions. "All signs indicate that (the Fed) is leaning toward having greater discretion in future policy decisions," the Danske Bank analysts added. Source: Jin10
A newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
According to monitoring by Onchain Lens, a newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
5 minutes ago
JPMorgan Chase raised its S&P 500 target to 7,800 points, while warning of an overcrowded AI trade.
JPMorgan Chase has raised its year-end outlook for U.S. stocks, while cautioning investors that the overcrowding in AI-related momentum stocks is becoming the market’s most vulnerable segment. The JPMorgan strategy team led by Dubravko Lakos-Bujas lifted its 2026 year-end target for the S&P 500 from 7,600 to 7,800 points, citing continued upward revisions to corporate earnings expectations and nearly doubling of AI-related capital expenditures. The bank noted that consensus earnings expectations for both 2026 and 2027 have been revised up by roughly 10% since the start of the year, a magnitude typically only seen in the recovery phase after a recession or major shock. However, JPMorgan does not interpret this upward revision as a risk-free rally. The bank pointed out that low-quality growth stocks, speculative growth stocks, and second- and third-tier AI-related concept stocks have become "extremely overcrowded," and a pullout of capital could trigger a rapid correction. The strategists also noted that rising equity supply in the coming quarters and potentially tight monetary policy could cap further valuation expansion. On the allocation front, JPMorgan recommends a barbell strategy: holding high-quality growth stocks and stocks directly benefiting from AI on one end, and low-volatility, high-quality stocks as a portfolio buffer on the other. The bank remains bullish on tech, select industrials, utilities, defense, banks, and some healthcare growth stocks, but believes the market’s upward trajectory will not be linear.
5 minutes ago
Preview: The U.S. May core PCE data will be released at 20:30 tonight, and is projected to hit its highest level since October 2023.
The Fed’s key inflation gauge, the Personal Consumption Expenditures (PCE) price index, will be released at 20:30 tonight, with markets expecting a sharp rise in May inflation that could reignite rate hike bets. The headline PCE year-over-year growth rate is projected to hit 4.1% in May, up from 3.8% in April and marking its highest level since 2023. Core PCE, which excludes food and energy, is forecast to rise to 3.4% year-over-year, up from 3.3% in April and its highest reading since October 2023. Core PCE has remained above the Fed’s 2% inflation target since 2021. The recent short-term inflation uptick was driven mainly by surging gasoline prices amid the Iran conflict in May. Oil prices have since edged lower following the signing of a peace deal between the U.S. and Iran, but core inflation has strengthened in tandem, indicating that price pressures are not solely tied to geopolitical oil shocks. Data from the CME FedWatch Tool shows that as of Wednesday, markets are pricing in a 34% probability of a 25 basis point rate hike in July. Aditya Bhave, U.S. economist at Bank of America Securities, noted that the recent inflation rebound stems in part from tariffs and one-off disruptions, but successive supply shocks have eroded the Fed’s patience, while deflationary room in the housing sector has largely been exhausted. Data shows that core PCE dipped to 2.6% in April, its lowest level since 2022, but annualized core PCE growth over the past three and six months has hovered near 3.8%.
5 minutes ago
SK Hynix plans to list on NASDAQ on July 10: A crypto whale opens 90% of its bullish positions in a single day, with all $21.27 million in long positions in unrealized profit.
According to Hyperinsight’s monitoring, SK Hynix officially announced its U.S. listing date today, targeting a July 10 debut on the NASDAQ. The company had previously disclosed a over $29 billion listing fundraising plan yesterday afternoon. Driven by listing optimism, SKHX surged 14% intraday, hitting $1930 at press time, with a daily trading volume of $407 million and open interest of $237 million. Since the news broke yesterday, 10 whales have built positions in SKHX on Hyperliquid, 9 of which opened long positions totaling around $21.27 million, at an average entry price of ~$1797.8 and average unweighted liquidation price of ~$1390.6. With price gains, all 9 long positions are now in unrealized profit. Market data shows that positions of over $1 million amount to roughly $140 million, with a long-short ratio (longs/shorts) of ~0.715. The average entry price for longs is ~$1672, while shorts average ~$1640. The nearest short liquidation threshold stands at $2149, just $200 away from the current price, mounting short-side pressure. -HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group, set it as admin (enable message sending permission) to auto-sync on-chain updates.
5 minutes ago
The "Retail vs. Wall Street" concept-linked token WEN continues its strong run, rising over 18% in after-hours trading.
According to Bitget market data, Wendy's (WEN) rallied 25.66% in the regular trading session, then climbed an extra 18.96% in after-hours trading, now changing hands at $9.35. Earlier reports noted that Serenity took to Twitter to mock the latest meme stock movement unfolding on Reddit's high-risk trading communities, targeting U.S. fast-food chain Wendy's. The Reddit community's meme warning reads: "If Wendy's goes bankrupt, we'll all be out of jobs, and after losing all our trading money, we'll have to work behind Wendy's trash cans." Serenity later clarified that they hold no positions, only found the activity amusing, and added they were unsure if the campaign would succeed. Wendy's holds a special cultural status on Reddit's WallStreetBets community; for years, "working behind Wendy's trash cans" has been a staple joke among retail investors mocking their trading losses.
5 minutes ago
Danske Bank: Federal Reserve may raise interest rates at least twice
Danske Bank senior analyst Kirstine Kundby-Nielsen and chief analyst Jens Peter Sorensen stated in a report that they expect the U.S. Federal Reserve to raise interest rates twice, in December 2026 and March 2027 respectively, bringing the federal funds rate to 4.00%-4.25%. "However, we emphasize there is a risk that rate hikes could come earlier and that the number of hikes may exceed two," they said. The first Federal Reserve meeting led by Kevin Warsh sent a clear signal that the Fed is increasingly moving away from forward guidance surrounding future monetary policy decisions. "All signs indicate that (the Fed) is leaning toward having greater discretion in future policy decisions," the Danske Bank analysts added. Source: Jin10
This week marks an exciting period for the crypto market, with key events expected to drive market sentiment. At the forefront are the highly anticipated remarks from Federal Reserve Chair Jerome Powell and a significant $100 million token unlock by SUI.
These developments and updates from the decentralized finance (DeFi) and blockchain spaces are poised to impact investor behavior and market performance.
EigenLayer Prepares for EIGEN Token Transferability This WeekRestaking protocol EigenLayer will remove transfer restrictions on its EIGEN tokens on September 30. This new feature aims to allow EIGEN holders to trade and transfer their staked rewards.
“Please note that if your EIGEN is currently staked, there is a 7-day withdrawal period for unstaking EIGEN,” the team added.
This marks a critical moment for EigenLayer. According to DefiLlama, EigenLayer holds over $12 billion in total value locked (TVL) at the time of writing. This figure makes it the second-largest DeFi platform by TVL.
Read more: What Is EigenLayer?
EigenLayer TVL. Source: DefiLlamaOn Monday, Jerome Powell, the Federal Reserve Chair, will participate in a moderated discussion at an economic conference. This event marks his first appearance since the Fed’s 50-basis-point interest rate cut on September 18.
Powell is expected to provide insights on the central bank’s future policy direction. This insight will have implications for both traditional financial markets and the cryptocurrency space.
BeInCrypto reported that the Federal Reserve’s decision to cut rates for the first time since 2020 has already stirred investor interest. Since the decision, Bitcoin (BTC) has been trading near key resistance levels around $64,000.
Mithil Thakore, CEO and co-founder of Velar, noted that a break above $64,000 could lead Bitcoin to a smoother ascent toward its previous highs of around $74,000. Thakore remarked that major macro factors, including global conflict risks and the US presidential election, could also affect the market.
“Markets don’t like uncertainty. For this reason, shrewd traders will seek to hedge exposure to BTC going into Q4. Given the likelihood of high volatility in the short term, traders who are bullish on BTC would do well to look to the options market and take out calls rather than playing with perpetuals,” he told BeInCrypto.
DeFi Kingdoms Partners with Metis L2 for PvP Game Colosseum LaunchOn October 2, DeFi Kingdoms will introduce its Colosseum game on the Metis Layer-2 (L2) network. This major development includes player-versus-player (PvP) private battles, an influence system, and an NFT marketplace. These features are designed to enhance user engagement and promote competitive gameplay.
“Players will be able to stake their Heroes to gain ‘Influence,’ granting them passive rewards and XP! Additionally, players can use their Influence to predict the winners of Bouts and be rewarded!” The DeFi Kingdoms team said.
The partnership with Metis allows DeFi Kingdoms to accelerate the development of PvP features while bringing added rewards in the form of METIS tokens. The team highlighted the long-term advantages, noting that the partnership with Metis would enable them to speed up certain timelines. This includes the timeline for PvP, which they now expect to deliver to their players earlier and with more features than initially planned.
Avalanche to Launch Major Network Upgrade: Avalanche9000In October, Avalanche will undergo its most significant network upgrade yet, known as Avalanche9000. This upgrade aims to enhance the scalability, security, and performance of the Avalanche blockchain, particularly for developers building Layer-1 (L1) chains.
On its official website, the Avalanche team explained that the upcoming changes will make it easier for developers to customize their blockchain infrastructure. This reduction in technical complexity and economic barriers will enable more projects to launch L1 chains on the blockchain.
Avalanche9000 will also introduce enhanced regulatory compliance options. These options include built-in geo-restrictions and custom permissions, helping projects align with global regulatory standards. The new upgrade will include better support for open and permissionless validator sets, which contributes to increased decentralization and security across the network.
As part of this upgrade, Avalanche is looking to attract more builders to its ecosystem by offering developer incentives and rewards. The upgrade includes access to a testnet environment, where developers can experiment with new ideas and innovations before deploying them on the mainnet.
SUI and Other Major Token Unlocks This WeekOne of the most significant events this week is SUI’s $100 million token unlock. SUI will release 64.19 million tokens to early contributors and investors, as well as its treasury. This amount represents 2.4% of its circulating supply.
Other notable token unlocks include DYDX, which will release $8.9 million worth of tokens. Similarly, MAV will also unlock $8.47 million in tokens.
Read more: Everything You Need to Know About the Sui Blockchain
SUI Token Unlock. Source: token.unlocksToken unlocks often present both opportunities and risks for investors, as the sudden influx of liquidity can trigger volatility. As the week progresses, traders will be closely watching how the market reacts to these token releases. Market participants are advised to stay cautious, as these unlocks could significantly impact short-term prices.
In a significant development for the cryptocurrency market, Toncoin (TON), Celo (CELO), Hashflow (HFT), JasmyCoin (JASMY), and Metis (METIS) have been officially listed on DWF Liquid Markets. From now onwards, traders can easily access these coins. These tokens are available in the following pairs for users TON/USDT, CELO/USDT, HFT/USDT, JASMY/USDT, and METIS/USDT. Earlier, Liquid Markets added $JOE, $LADYS, and $FLOKI as well.
DWF Markets Welcomes Revived TON, Inclusive Celo, and Liquid Hashflow Toncoin (TON) is an important a decentralized layer-1 blockchain. It was initially developed in 2018 by the encrypted messaging platform Telegram. Apart from the project’s initial neglect, it has been revived by the TON Foundation. It has been also rebranded from Telegram Open Network to The Open Network. Additionally, it showcased a renewed focus on its development and potential.
Celo is another addition to the DWF Liquid Markets. It is a carbon-negative, permissionless blockchain with a plenty of ecosystem of global partners. This blockchain is actively supporting the creation of innovative Web3 decentralized applications (dapps). Moreover, it aims at fostering a more inclusive financial system accessible to all.
Hashflow offers traders deep liquidity across various leading blockchains. With access to approximately $8 billion in liquidity, Hashflow promises traders the best prices. It also facilitates seamless trading experiences for every token, both interchain and cross-chain.
JasmyCoin and Metis Enter Crypto Space, Addressing Scalability and Efficiency JasmyCoin (JASMY) emerges as a cryptocurrency project from Jasmy Corporation. It is a Tokyo-based Internet of Things (IoT) provider. Operating within the realm of the Internet of Things, JasmyCoin leverages both mechanical and digital components. In addition to this, JasmyCoin is equipped with unique identifiers to transmit data efficiently.
Lastly, Metis joins the lineup as an Ethereum Layer-2 scaling solution. It aims to address the blockchain problems by offering decentralization, security, and scalability at the same time. Additionally, Metis aims to tackle some of Ethereum’s most pressing challenges. These challenges include speed, cost, and scalability. As a result, it enhances the overall efficiency and functionality of the Ethereum network.
The addition of these five tokens to DWF Liquid Markets will expand the platform’s offerings. Moreover, it is going to provide traders with increased access to a plethora of innovative blockchain projects. The world of cryptocurrency market is continuously evolving. In this scenario, the availability of such tokens on established trading platforms is very necessary. The platforms like DWF Liquid Markets reflect the increasing interest of crypto worldwide.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
Key NotesBinance plans on temporarily suspending deposits and withdrawals on some networks.Users will not be able to deposit and withdraw tokens based on Ethereum networks during this period.Trading is not affected by the suspension. Cryptocurrency exchange Binance intends to briefly halt deposits and withdrawals for select tokens on May 7, 2025, starting around 09:45 (UTC), in order to accommodate the Ethereum network upgrade and hard fork, aiming to maintain optimal user experience
Binance disclosed that it plans on temporarily suspending the deposits and withdrawals of tokens based on the following networks “Ethereum (ETH), Arbitrum (ARB), Optimism (OP), zkSync Era (ZKSYNC), Base (BASE), Manta Network (MANTA), Starknet (STRK), Polygon (POL), Metis (METIS), Scroll (SCR), Cyber (CYBER), Metal DAO (MTL), Celo (CELO) and Worldcoin (WLD)”.
This temporary suspension is intended to support the smooth execution of the Ethereum network upgrade and hard fork. According to the announcement, only deposits and withdrawals will be impacted, while trading on the affected networks will remain operational. Binance also stated that it will manage all technical aspects on behalf of its users.
The crypto exchange added that once everything is “deemed to be stable”, the deposits and withdrawals for the select tokens will begin.
Hard forks typically result in the creation of a separate blockchain that runs alongside the original one. All current nodes and miners must transition to the new chain. Hard forks are used to improve the functionality of the network, such as fixing security vulnerabilities, introducing new functionalities, upgrading the cryptocurrency’s core system, or undoing previous transactions.
Past and Future Network Upgrades The crypto exchange will also suspend the withdrawals and deposits for the Optimism and Metal DAO networks on May 9. Once the update is completed, withdrawals and deposits will begin automatically without additional announcements.
Previously, the crypto exchange has temporarily disabled deposit and withdrawal functions across various networks to facilitate upgrades and hard forks. For instance, transactions involving tokens on the THORChain (RUNE) network were paused on May 1 at 14:00 (UTC) to support a scheduled upgrade.
Similarly, on May 5, at around 06:00 (UTC), Binance suspended deposits and withdrawals for tokens on the IPTA network to accommodate its network enhancement and hard fork.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Bitcoin News, Cryptocurrency News, News
Rose is a crypto content writer with a strong background in finance and tech. She simplifies complex blockchain and cryptocurrency topics, offering insightful articles and market analysis to help readers navigate the evolving crypto landscape.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
