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WOO: WOO X Fee Update: Lower Costs, Better Trading Efficiency

As global markets wait for clearer macroeconomic direction, we are seeing unique divergences across both the legacy financial system and decentralized ecosystems. In today’s briefing, we break down critical movements in U.S. Treasury yields, global manufacturing data, and the latest structural rotations occurring within Layer 2 network tokens.

Macro Pulse: Yield Curves and Manufacturing Under the MicroscopeThe broader market remains tightly wound as participants monitor key economic benchmarks.

US Treasury Yield Dynamics: The 2-year U.S. Treasury yield is continuing to pressure the 5.1% level as market participants digest a "higher-for-longer" policy stance signaled by the Federal Reserve. This persistent yield curve inversion continues to fuel underlying recessionary fears, triggering a noticeable flight to safety. Capital flows are increasingly migrating toward short-duration, cash-like digital instruments, leading to a steady increase in circulating stablecoins like USDT and USDC.Global Manufacturing PMI: Mixed signals from China and the Eurozone Purchasing Managers' Index (PMI) point toward localized soft spots in the industrial sector. This has left major industrial raw materials: specifically Crude Oil and Copper stuck in choppy, range-bound trading. Risk assets across the board are flashing a cautious bias as they await a definitive macro catalyst.Trending Narratives: L2 Rotations and Governance ActionWhile the macro landscape remains flat, specific micro-narratives within crypto are generating strong pockets of alpha.

High-Beta Altcoin Sector: We are tracking a clear focus on the Layer 2 (L2) ecosystem. As gas fees occasionally spike on the Ethereum mainnet (L1), L2 native tokens are demonstrating relative strength as a preferred beta play for market rotation. Traders are increasingly hedging these market shifts by setting up long L2 / short L1 relative value pairs.DeFi Governance Volatility: Major lending protocols are undergoing intensive governance votes regarding updated collateral limits and yield optimization strategies. These structural shifts are acting as primary price catalysts for specific utility and governance tokens, with the market closely monitoring subsequent upgrade implementations.WOO X Trader’s Edge: Shielding Your Capital Against SlippageWhen macro data releases introduce short-term volatility, liquidity is your most valuable asset. Thin order books across fragmented markets can result in massive execution slippage for large orders.

Pro Tip: To insulate your portfolio from sudden price gap risks, utilize WOO X’s consolidated order book depth. Our deep, aggregated liquidity pools across multiple venues allow you to execute large-size spot and derivative orders with minimal market impact.Stay ahead of the tape, minimize your trading friction, and optimize your portfolio allocation all on one unified layout.

👉 Deploy your next trade seamlessly at https://woox.io/en/login

Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research before trading.

Author: WOO X Research Team

Welcome to today's Daily Alpha Drop. Our research team has isolated three high-conviction narratives driving massive market volume today. From unprecedented short squeezes to monumental real-world asset (RWA) infrastructure partnerships and dominant ecosystem scaling plays, these assets are commanding smart money focus.

Asset 1: Synapse ($SYN): The Wildest Short Squeeze of 2026Synapse ($SYN) has taken center stage in what is being called the wildest trading setup of the year. Typically recognized as a core cross-chain messaging protocol, the asset became a lightning rod for volatility following a sudden regulatory/exchange announcement.

The Momentum Catalyst: Binance recently placed a "Monitoring Tag" on $SYN. While this typically induces a panic sell-off, heavily oversold market conditions instead set the stage for an explosive counter-move. Cascading short liquidations and intense forced buying mutated the trade into an astronomical 500%+ short squeeze.The Numbers: With a lean market capitalization of $59.1M, the extreme order book velocity pushed its 24-hour trading volume to a staggering $175M—representing an extraordinary capital turnover rate.Asset 2: Stellar ($XLM): Deep Institutional Pipes & Global SettlementStellar ($XLM) is shifting gears from a retail payment network into a heavily backstopped institutional powerhouse. Long prized for its low-cost asset issuance rails, the protocol is seeing a massive resurgence in conviction as traditional financial (TradFi) primitives merge with decentralized ledger technology.

The Momentum Catalyst: In a massive validation for public networks, the DTCC announced definitive plans to connect its flagship tokenization service to the Stellar network by mid-2027. Compounding this institutional velocity, global remittance giant MoneyGram has officially deployed its native MGUSD stablecoin on Stellar, signaling true commercial utility and real-world adoption in motion.The Numbers: Stellar commands a massive market capitalization of $6.72B, backed by a liquid and highly institutionalized 24-hour trading volume of $224M.Asset 3: Aerodrome ($AERO): The Uncontested Base Chain Liquidity EngineAerodrome ($AERO) has firmly established itself as the premier liquidity aggregator and decentralized exchange (DEX) operating on Coinbase's Base Layer 2 ecosystem. As capital continues to saturate Base, Aerodrome captures the lion's share of network transaction fees and token launches.

The Momentum Catalyst: The protocol has initiated a highly bullish capital allocation strategy, announcing a 170,000 AERO token buyback program today. Furthermore, with extensive protocol DEX audits nearing full completion, institutional participants are finding a safer sandbox to deploy liquidity. As the entire Base ecosystem heats up, $AERO has surged a phenomenal 48% over the last 7 days.The Numbers: Aerodrome is tracking a robust market capitalization of $533M, supported by a highly active $56.2M in daily trading volume.Final Thoughts: Own the Future, Trade SmartToday's Alpha Drop powered by wooxpro.com and woox.io, proves that opportunities exist across completely different market regimes, whether you are playing the hyper-reactive retail flows of a $SYN short squeeze or backing the massive institutional rails being built out by XLM and AERO. Navigating these disparate narratives efficiently requires deep, institutional-grade execution tools.Utilize WOO X's deeply integrated order books to gain unmatched execution depth, lower your slippage overhead, and position your portfolio ahead of changing market narratives.

Disclaimer: This research briefing is for informational purposes only and does not constitute financial or investment advice. Always manage your risk properly before entering the market.

Table of contents

BORA has officially adopted the Kaia Consensus Liquidity (CL) protocol, a strategic move to enhance its business operations within the Kaia blockchain ecosystem. The CL protocol, recently introduced by Kaia, offers an innovative approach to improving liquidity and staking for participants, creating opportunities for the BORA token to thrive. Both BORA and Kaia shared this update through their official X accounts, highlighting the core objective of this strategic collaboration, which is to serve the community better.

Kaia Consensus Liquidity: A New Infrastructure for Blockchain Projects Kaia Consensus Liquidity addresses users’ limitations when choosing between validator staking and liquidity provision. The CL protocol enhances utility and liquidity in the Kaia ecosystem by allowing simultaneous participation. Moreover, the CL protocol will form liquidity pairs with a third token, subject to approval through Kaia governance, making the system more robust and effective.

Adopting Kaia’s CL protocol provides several advantages for BORA. A key benefit is the potential increase in pool liquidity, as users are incentivized through staking rewards and transaction fees. This added liquidity will enhance transaction efficiency for BORA tokens. Additionally, part of the revenue generated through transaction fees will be burned, aligning with BORA 3.0’s deflationary model and boosting the token’s long-term value.

BORA’s Strategic Expansion within the Kaia Ecosystem This integration is of great significance as BORA is the first project to test the new features of Kaia’s CL protocol. By integrating these new tools, BORA is well-positioned to collaborate with other token projects within the Kaia ecosystem. This move signifies BORA’s commitment to expanding its global business reach and developing new services beyond gaming.

With the adoption of the Kaia CL protocol, BORA has become the first project to explore these new features within the Kaia ecosystem. The company aims to expand further by collaborating with global projects using CL protocol infrastructure. The CL protocol will enhance the utility and liquidity in the Kaia ecosystem by allowing simultaneous participation. BORA plans to finalize the implementation by the end of this year, with a complete rollout scheduled for Q1 next year.

AUTHOR

Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.

– Maximizes user accessibility through direct onboarding within LINE Messenger’s MINI App Tab
– Integrates BORA DEEPS to deliver a differentiated gameplay experience for Japanese users
– Strengthens on-chain rewards and BORA token utility, establishing a virtuous ecosystem cycle

METABORA GAMES (CEO Choi Se-hoon), a leading blockchain game developer, announced today the official launch of ‘Puzzle & Guardians’, its joint project with Baligames, as a MINI App on LINE Messenger in Japan through LINE NEXT Start, a group company of LY Corporation that operates Japanese Web3 business.

‘Puzzle & Guardians’ is a hybrid Web3 title that blends casual 3-match puzzle battles with RPG progression. Players can collect and build a roster of Guardians, engage in 1v1 PvP duels and dungeon play, and earn BORA token rewards by completing in-game missions and participating in event leagues.

With this launch, ‘Puzzle & Guardians’ is now onboarded onto the MINI App platform of LINE,  Japan’s largest messenger platform, enabling more than 100 million LINE users to play the game instantly inside the LINE Messenger app without any additional installation. The result is a more intuitive, highly accessible play environment.

In conjunction with the Japan launch, METABORA GAMES has integrated ‘Puzzle & Guardians’ with BORA DEEPS, the core infrastructure service of the BORA ecosystem. Through the BORA DEEPS Quest function, players are offered tailored missions optimized for gameplay, and the rewards they earn can be used across BORA DEEPS’ native content — including its ‘Mini Game’ offering and ‘Scratch’, a raffle-style service. The integration creates a natural virtuous cycle of play and reward, deepening user engagement across the platform.

The company also plans to continuously expand localized content tailored to the Japanese market, delivering a differentiated participation experience for local users. Launch commemoration events will follow, further reinforcing real-world utility for the BORA token.

More information about ‘Puzzle & Guardians’ is available on the official BORA DEEPS channels and the LINE platform. 

APPENDIX

BORA DEEPS website: https://intro.boradeeps.com/

‘Puzzle & Guardians’ LINE Mini App URL: https://miniapp.line.me/2008992531-yxrGfhQS 

METABORA GAMES is a subsidiary of METABORA, a casual and blockchain game developer, and serves as the development studio behind the blockchain platform BORA.

Centered on BORA DEEPS — a platform that organically connects in-game activities with rewards — METABORA GAMES designs user-participation-driven structures and collaborates with global partners to co-develop and operate Web3 projects across a wide range of genres.

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

Fri 20 Jun 2025 ▪ 5 min read ▪ by Luc Jose A.

Summarize this article with:

A symbol of the Sino-American tug of war, TikTok once again crystallizes tensions between digital sovereignty and trade war. With 170 million users in the United States, the ByteDance app faces a third deadline postponed by Donald Trump. By extending the divestiture deadline, the president revives an explosive case where geopolitical pressure, technological challenges, and legal battles are intertwined. TikTok remains at the heart of a strategic struggle, at the crossroads of economic interests and national security concerns.

In Brief Donald Trump grants ByteDance an additional 90 days to sell TikTok to an American buyer. This decision marks the third extension since Trump’s return to the White House. If negotiations fail before September 17, 2025, TikTok will be banned in the United States. If no agreement emerges, a major legal and diplomatic confrontation could erupt this fall. TikTok Facing the American Ultimatum : A New Extension Granted by Trump President Donald Trump announced this Thursday a 90-day extension to allow ByteDance, TikTok’s Chinese parent company, to finalize the sale of its U.S. operations, despite the launch of two revolutionary tools a few months ago.

“I just signed the order extending the TikTok shutdown deadline by 90 days (until September 17, 2025). Thanks for your attention on this matter!” he stated on his platform Truth Social.

This decision marks a strategic shift in Trump’s stance; during his first term, he sought to ban the app outright from U.S. territory.

According to White House spokeswoman Karoline Leavitt, this extension aims to ensure that “the American people can continue to use TikTok with the assurance that their data is safe and secure”.

This decision fits into an ongoing restrictive legislative context, inherited from the Biden administration and upheld by the Supreme Court: if TikTok is not sold to an American entity, it will be banned in the United States.

Here is what you need to remember about this new deadline :

A third extension granted by Trump since his return to the presidency, after an initial 75-day period and then a first extension until June 20 ; A new deadline set for September 17, 2025, beyond which TikTok could be banned if no sale is concluded ; TikTok claims 170 million users in the U.S. and supports 7.5 million local businesses through its platform ; TikTok welcomed the presidential decision in a statement : “we are grateful to President Trump for his leadership and support to ensure TikTok remains accessible”. This extension offers a respite to negotiations, without resolving the uncertainties surrounding the app’s future. It is a pragmatic maneuver in a case where the stakes are as much technological as they are highly political.

Buyout Candidates and the Uncertainties Surrounding an Agreement During a press exchange aboard Air Force One, Donald Trump mentioned the possibility that Chinese President Xi Jinping would need to approve any transaction. “I think Xi will have to approve a deal if a buyer comes forward”, Trump said, emphasizing that the outcome of the process was not solely an American matter.

This statement adds a new geopolitical dimension to an already complex matter, at a time when trade relations between the two powers are once again tense. Several potential candidates have expressed interest, but none have succeeded in finalizing an offer so far.

Amazon reportedly submitted a last-minute offer, as did a consortium led by Frank McCourt, which includes Reddit co-founder Alexis Ohanian. Former U.S. Treasury official Steven Mnuchin is also among the contenders.

Despite clear interest, no transaction has been completed, partly due to the imposition of new tariffs on Chinese products, which have further strained bilateral relations.

Meanwhile, ByteDance remains silent on its actual intentions, after having previously considered selling TikTok to Elon Musk. The Chinese giant’s current strategy seems to be to buy time in hopes that the political or legal situation evolves. In the meantime, the social network remains active, notably thanks to Trump’s decision not to block it “for the time being”.

Several scenarios remain possible. Either ByteDance agrees to sell TikTok, allowing the app to remain in the United States, or it refuses, exposing itself to a ban once the deadline passes. This uncertainty fuels volatility around TikTok, which remains a major influence tool for both creators and brands. If no solution emerges by September 17, an unprecedented legal and diplomatic confrontation could erupt, alongside the trade war between the United States and China.

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Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

Amber International Holding Ltd. (NASDAQ:AMBR) has become the first Asia-based public company to offer its stock on-chain, trading as AMBRx on the solana blockchain, CEO Wayne Huo confirmed on Tuesday during a live webinar hosted on Futubull by Futu.

Investors can access tokenized stocks like AMBRx alongside industry giants such as Apple, Tesla and Nvidia as part of the the xStocks Alliance, developed by Kraken and Swiss-based Backed, which offers round-the-clock on-chain access to U.S. equities and ETFs.

As a Singapore-based institutional crypto services provider, Amber has also been aggressively striking partnerships with other crypto industry players to broaden its influence in the sector and expand its service offerings.

Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga’s reporting and has not been edited for content or accuracy.

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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PANews reported on October 9th that Crypto Briefing reported that the DTCC has listed the Canary Trump Coin ETF (ticker: TRPC ) on its platform. The product tracks the Solana-based " Trump Coin " meme token, a politically-themed crypto asset. The DTCC listing brings the ETF one step closer to mainstream trading availability, though it still requires further regulatory and issuance processes.

Bitcoin Turns 17: From “Hacker Money” to Institutional Mainstay

Canary Collateralized SEI ETF Listed on DTCC with SEIZ Symbol

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Kepler Cheuvreux raises ASML’s European share price target from €1,460 to €1,830.

Kepler Cheuvreux has raised the target price for ASML’s European shares from €1,460 to €1,830.

8 minutes ago

Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure

U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.

8 minutes ago

Analyst: Micron's earnings boost overall market sentiment for the tech sector

Chris Strazzeri, Financial Trading Manager of Moomoo’s Australia and New Zealand branch, stated: “The targeted sell-off indicates that following a sustained, strong rally in AI-related and speculative growth stocks, investors are enforcing strict valuation discipline. This serves as a warning to the market that actual earnings levels must now rise to support the currently overvalued price-to-earnings ratio. Micron Technology’s post-market earnings results largely confirm this, and its robust performance has lifted overall market sentiment in the tech sector.”

8 minutes ago

2x Leveraged Long DRAM ETF (RAM) Records $383 Million in Trading Volume on Its First Day of Listing

According to Bitget market data, the Roundhill T-REX 2X Long DRAM Daily Target ETF (Nasdaq ticker: RAM) officially launched trading yesterday. On its first trading day, the fund recorded a total turnover of $383 million, and rose 29.47% in after-hours U.S. stock trading to hit $30.8. Note: RAM’s underlying exposure covers companies engaged in memory-related technologies, including DRAM, NAND and storage solutions, targeting active traders seeking leveraged exposure to the memory chip theme and artificial intelligence infrastructure development.

8 minutes ago

BCA Research raises its S&P 500 target to 8,100 points, with AI remaining a core variable.

BCA Research has become the latest strategy firm to raise its US stock market target, reflecting Wall Street’s growing optimism about earnings support for US equities in the second half of the year. The institution lifted its year-end S&P 500 target from 7,700 points to 8,100 points. BCA’s core view is that first-quarter corporate earnings exceeded expectations in both strength and breadth, and the US economy has re-entered an expansion phase. Similar to JPMorgan Chase, BCA believes this stock rally is not only driven by valuation expansion—earnings themselves are delivering the index’s gains. AI remains the core variable in this assessment. Large tech firms including Alphabet, Microsoft, Amazon, Meta and Oracle continue to increase capital spending on data centers and AI infrastructure, driving growth in orders for chips, servers, construction, power and related industrial chains. This provides a clearer fundamental basis for upward revisions to 2026 and 2027 earnings. The institution points out that risks exist: the earnings expansion brought by AI investments has already been quickly priced into the market. If subsequent returns on capital spending are questioned, or interest rates remain elevated, further upside for the index will require more earnings confirmation rather than relying solely on investor risk appetite.

8 minutes ago

Tom Lee: Markets have nearly priced in two interest rate hikes from the Federal Reserve this year, and the rise in US Treasury yields is weighing on market sentiment.

Tom Lee said the market is still digesting Kevin Warsh’s remarks from his first press conference last week and repricing the macro environment. Over the past week, oil prices have pulled back, with war premiums contracting. Current oil prices are not far from the roughly $65 level seen before the conflict, indicating the market views related war risks as declining. On the other hand, 10-year U.S. Treasury yields continue to rise, now around 4.5%, higher than the pre-conflict level of roughly 4.2%. The main headwind the market has faced recently has shifted from oil prices to yields. Tom Lee noted that the market is not only focused on 10-year U.S. Treasury yields but also starting to price in potential additional interest rate hikes from the Federal Reserve. According to federal funds futures, the market is currently pricing in nearly two rate hikes this year. Bank of America further projected today that the Fed will raise rates three times this year, in September, October, and December respectively. Jeffrey Gundlach often emphasizes the importance of monitoring 2-year U.S. Treasury yields, as they typically lead the Fed and signal the central bank’s policy direction. Between 2023 and 2025, the relationship between 2-year U.S. Treasury yields and the federal funds rate indicated that the Fed’s policy was overly tight, requiring interest rate cuts. However, this relationship has recently reversed, meaning the Fed would need two rate hikes to catch up with 2-year U.S. Treasury yields. He believes that, at least for now, yields have become a headwind for the market.

8 minutes ago

WSJ: Supplement 'Stacks' Are a Wellness Status Symbol. Are They Safe?

Gold (XAU) and silver (XAG) futures have climbed into the top five by trading volume on Binance Futures.

Binance Metal Rush Doesn’t Leave Crypto Behind Just weeks after Binance rolled out gold and silver perpetual futures settled in USDT, the cumulative volume across the metals contracts already reached the tens of billions of dollars, a CryptoQuant report from yesterday claims.

However, CryptoQuant’s analyst Marteen assures that Binance is still overwhelmingly crypto‑native. Bitcoin leads the futures volume around the low‑$20‑billion range with Ethereum following behind at $18.1B and Solana at a distant third at $3.0B. But the metals’ rise into the top bucket shows non‑crypto assets are no longer a sideshow. Gold is already in 4th place at $2.15B, and silver is right behind it at $1.98B.

Marteen’s conclusion is simple. Binance still leans heavily toward crypto, but it has outgrown being a pure crypto venue. Commodities have soaked up liquidity at speed, and equity‑linked products are now starting to see meaningful flow as well.

[Binance] – Snapshot Futures Volume – April 1st, 2026. Source: CryptoQuant. Binance Joins The Oil Rush Too According to WuBlockchain, Binance’s new “TradFi” futures suite (gold, silver and stock‑linked products) has rapidly captured a meaningful share of overall derivatives activity on the platform.

On April 2, the first full trading day after launch on Binance, USDⓈ-margined perpetual contracts for crude oil assets CL and BZ recorded trading volumes of $760 million and $358 million respectively, ranking third and fourth among Binance TradFi perpetual products. Meanwhile,… pic.twitter.com/PoROHzQsur

— Wu Blockchain (@WuBlockchain) April 3, 2026

Crude oil benchmarks CL and BZ posted volumes of $760 million and $358 million dollars respectively, placing them third and fourth among Binance’s traditional‑finance perpetual products.

Daily Volume by Symbol. Binance TradFi-USDT Perp. Source: WuBlockchain. Trading activity, however, remains dominated by gold (XAU) and silver (XAG), which together generated $5.58 billion in daily volume, makin up more than 70% of the total.

Are Crypto Venues Morphing Into Multi‑Asset Trading Hubs? Let’s keep in mind that Binance is not the only crypto venue experiencing such a dramatic shift. In recent weeks, Hyperliquid has been under the spotlight for many reasons, but one of the main ones is that the leading perp DEX’s combined HIP-3 (oil, gold and silver) open interest reached all-time highs. The platform is now trading more volume in tokenized commodities than digital assets. Just yesterday, NewsBTC reported that tokenized Brent oil futures on Hyperliquid generated about $46.6 million in liquidations in 24 hours, making oil the third‑most liquidated asset on the decentralized exchange.

Gold Perpetual Contracts on Binance right now, showing the performance. They are trading for almost $4.7k Source: XAUUSDT.P on Tradingview. Gold and silver have been ripping on the back of inflation worries, rate‑cut bets and geopolitical stress. Binance is joining the 24/7 RWA’s trading hub bandwagon by effectively letting traders express those macro views with high leverage and stablecoin collateral, instead of using legacy commodity exchanges.

Gold and silver breaking into the top five on Binance Futures is a signal that the line between crypto and TradFi markets is dissolving, with liquidity, speculation and hedging all moving onto the same rails.

A portion of derivatives capital rotating into metals and stock‑linked contracts can thin order books and amplify volatility in smaller altcoins during risk‑off episodes.

Silver Perpetual Contracts on Binance right now, showing the performance and technicals. They are trading for almost $73. Source: XAGUSDT.P on Tradingview. Sophisticated players might use metals futures on Binance as a hedge against crypto drawdowns. Correlation regimes between BTC and gold (as the one between oil and Bitcoin explained by NewsBTC yesterday) could shift as both trade on the same venue. Ignoring this new macro layer on Binance’s futures board could mean missing an important signal about where “smart” derivatives flow is going.

At the moment of writing, BTC trades for almost $67k on the daily chart. Source: BTCUSD on Tradingview. Cover image from Perplexity. All charts from Tradingview.

Key Takeaways Table of Contents

Key TakeawaysSatellite Subsidiary Progresses With Public Market PlansParent Company Shares Decline Despite Regulatory MilestoneCompany Overview and Strategic DirectionGet 3 Free Stock Ebooks WISeKey shares retreat as WISeSat subsidiary progresses with Nasdaq listing under WSAT symbol.

Satellite subsidiary submits updated confidential SEC registration for anticipated public market debut.

Stock faces downward pressure following disclosure of SPAC transaction advancement.

WISeSat pursues independent Nasdaq presence through WSAT ticker while parent company shares decline.

Parent company experiences continued selloff as satellite unit completes regulatory filing milestone.

Shares of WISeKey International Holding (WKEY) declined following disclosure of a regulatory filing advancement for its satellite subsidiary WISeSat’s forthcoming Nasdaq debut. The stock settled at $8.25, representing a 6.99% decrease, and continued sliding to $8.17 during pre-market activity. The decline reflected investor concerns surrounding the proposed space technology merger transaction.

WISeKey International Holding AG, WKEY

Satellite Subsidiary Progresses With Public Market Plans According to WISeKey’s announcement, WISeSat.Space Holdings Corp. filed an updated confidential Form F-4 registration draft with the Securities and Exchange Commission on May 29, 2026. This submission advances the satellite company’s merger with Columbus Acquisition Corp. Upon deal completion, the merged entity anticipates commencing Nasdaq trading operations under the WSAT ticker symbol.

The transaction stems from a Business Combination Agreement executed November 9, 2025, involving WISeSat, CAC, Pubco, WISeKey, and WISeSat Merger Sub Corp. Following consummation, both WISeSat and CAC will operate as Pubco subsidiaries. The arrangement remains contingent upon SEC clearance, Columbus Acquisition shareholder consent, and Nasdaq listing authorization.

The satellite division operates via WISeSat.Space AG, concentrating on protected orbital infrastructure solutions. Its mission encompasses secure communications channels, digital authentication systems, encrypted data transmission, and defense-oriented space technologies. The enterprise leverages WISeKey’s established expertise in cybersecurity protocols, identity verification, and semiconductor engineering.

Parent Company Shares Decline Despite Regulatory Milestone Trading activity for WKEY remained bearish following the filing disclosure. Shares concluded regular trading at $8.25 following the 6.99% drop, then extended losses by 0.96% before market open. This movement brought the pre-market price to $8.17, demonstrating persistent selling pressure.

The negative market response accompanied the transaction’s progression into additional regulatory stages. While a confidential amended registration draft represents forward movement, it doesn’t finalize the combination. Furthermore, the public Form F-4 remains pending effectiveness with the SEC.

WISeKey disclosed the advisory team supporting the merger. Maxim Group LLC serves as sole financial advisor to WISeKey. Legal counsel includes Ellenoff Grossman & Schole representing WISeSat and Pubco, alongside Loeb & Loeb advising CAC.

Company Overview and Strategic Direction WISeKey’s core operations span cybersecurity solutions, digital identity platforms, and internet-connected device security. The company maintains dual listings under WIHN on Switzerland’s SIX Exchange and WKEY on Nasdaq. Its WISeSat division represents expansion into orbital secure connectivity infrastructure.

The satellite subsidiary focuses on quantum-resistant communication networks delivered through protected space-based systems. WISeSat intends to integrate orbital services with verification technologies, digital identity frameworks, and protected information exchange protocols. Target markets include government agencies, corporate entities, and industries requiring encrypted communications.

The planned WSAT listing would establish WISeSat as an independent publicly-traded entity. Nevertheless, the arrangement awaits final documentation and shareholder authorization. During this interim period, WKEY shares remain under selling pressure as investors evaluate transaction completion risks.

Oliver Dale

Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]

BitDAO (BIT)suspected FTX founder Sam Bankman Fried's venture capital firm Alameda Research of breaching an agreement made in 2021 and selling its 100 million BIT tokens, causing BIT to plummet.

The DAO community asked Alameda to prove that it still owns its BIT tokens, and Alameda responded by transferring over 100 million BIT tokens from an FTX hot wallet to an Alameda address.

BackgroundAlameda published a proposal titled BIP-4 and offered BitDAO to swap 100 million BIT tokens with Alameda for 3,362.315 FTT tokens and make a public commitment not to sell each others' tokens for three years. The proposal was open for voting between Oct. 20 and Oct. 30 2021 and passed with 100% votes of the participants in favor.

The token swaps took place on Nov. 2, 2021, in three transactions, and both parties agreed not to sell them before Nov. 2, 2024.

Coins plummetOn Nov. 8, both BIT and FTT experienced a sharp 20% decline at around the same time. BIT fell from $0.40 to $0.33, while FTT plummeted from $22.12 to $15.36. Both tokens quickly recovered from a portion of their losses. At the time of writing, BIT is being traded for $0.39, while FTT is priced at $18.184.

BITUSDFTTUSDIn light of recent speculation about FTX's financial stability, the BitDAO community suspected that Alameda may have sold its BIT holdings and caused the sudden dump of both FTT and BIT.

BitDAO's founder and CEO Ben Zhou Tweeted to explain their suspicions and announced that they are asking for proof of funds from Alameda.

Bitdao community is questioning the sudden dump of $bit token caused by Alameda dumping and breaching the 3 yr mutual no sale public commitment. Nothing is confirmed but bitdao community would like to confirm a proof of fund from Alameda. https://t.co/YassKhcdPt

— Ben Zhou (@benbybit) November 8, 2022

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The BitDAO community ensured that the 3,362.315 FTT tokens were safe and sound in the BitDAO treasury, and asked Alameda to ensure BitDAO by transferring the 100 million BIT tokens into an on-chain address so that the BitDAO community can verify.

BitDAO community warned that if Alameda fails to provide sufficient proof of funds within 24 hours:

“It will be up to the BitDAO community to decide (vote, or any other emergency action) how to deal with the $FTT in the BitDAO Treasury.”

FTX respondsResponding to BitDAO's request, over 100 million BIT tokens were transferred from an FTX hot wallet to Alameda's address.

This address is the original address that Alameda agreed to receive its BIT tokens in when the deal was inked in 2021.

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While the Ethereum network and its users continue to suffer from the high fees of the layer-1 blockchain, various layer-2 (L2) solutions are stepping into the spotlight to solve the problem.

As analyst Miles Deutscher explained, citing data from Dune Analytics, layer-2 scaling solutions saw monumental growth in 2022. “I expect this trend to continue in 2023 and beyond,” Deutscher commented.

Ethereum gas spent to settle L2 transactions. Source: Twitter Blockchain analytics firm Nansen also released data today showing the growth of layer-2 solutions. Specifically, Nansen referred to Abritrum.

“Arbitrum season is in full swing,” wrote a researcher at Nansen. According to their data, transactions on L2s are increasing significantly, while transactions on Ethereum are decreasing. A clear divergence can be seen.

Ethereum L1 vs. Arbitrum. Source: Twitter Regarding Arbitrum, the Nansen researcher writes that the number of daily active addresses averaged 50,000 to 70,000 in November and December. A few months ago, from July to September, the average was 15,000 to 20,000.

With the recent Nitro upgrade, Arbitrum has once again massively lowered its average gas price for a transaction. While the average fee was $0.35 before Nitro, it has dropped to $0.08 afterwards. This represents a reduction of almost 75%.

However, although Arbitrum’s network usage is skyrocketing, there is no token yet. So far, there is also a lack of an official announcement regarding an Arbitrum token.

Rumors have it that Arbitrum will launch its token by the first quarter of 2023 at the latest. The ticker is supposed to be either ARBI or ARB.

The Leading Ethereum L2 Solution As NewsBTC reported yesterday, Polygon (MATIC) currently holds the leading position when it comes to successful Ethereum L2 tokens. The project has entered partnerships with major brands such as Starbucks, Mercedes, Meta, Reddit, eBay, Disney, and Adobe, among others.

Sandeep Nailwal, co-founder of Polygon, revealed yesterday that the zkEVM mainnet “is coming soon”. With the implementation, Polygon will reach a massive milestone.

Once the zkEVM mainnet comes online, there could be an explosion of dApps on Polygon. Zero-knowledge cryptography will enable privacy and minimize data volumes to make transactions for smart contracts even more efficient.

BitDAO And Optimism Another emerging L2 project is BitDAO, which is backed by the exchange Bybit. About a week ago, the project had announced the soft launch of Mantle, a modular Ethereum Layer-2 solution with separate execution, finality and data availability layers.

A public test network is scheduled to go live in 2023. It will serve as the core of BitDAO and use BIT as a token.

Optimism also has a token. The L2 Ethereum scaling solution was first introduced in June 2019, and the public mainnet was launched in December 2021.

The OP token’s airdrop took place in June 2022, with nearly 249,000 registered Optimism users receiving the newly launched token. Remarkably, the project’s mainnet is currently hosting the largest decentralized exchange, Uniswap V3.

At press time, the ETH price was sitting just above crucial support in the 4-hour chart.

ETH price, 4-hour chart. Source: TradingView

BTC.com parent BIT Mining hacked, $3 million in assets taken

BitDAO Price Prediction as BIT Rallies 13% – How High Can BIT Go?

Updated Jan 26, 2023, 2:13 p.m. Published Jan 26, 2023, 1:30 p.m.

2 min read

(sergeitokmakov/Pixabay)Cryptocurrency derivatives exchange BIT on Thursday introduced options tied to toncoin (TON), the native token of the decentralized layer 1 blockchain The Open Network, formerly known as Telegram Open Network.

The options are live on the platform today and will be available on the institution-focused liquidity network Paradigm later, the exchange said in a statement shared with CoinDesk.

TON is the world's 23rd-largest cryptocurrency, with a market capitalization of $3.33 billion, according to data from CoinGecko. The cryptocurrency doubled in second-half 2022, decoupling from the broader market lull.

The offering adds to BIT's existing product suite of futures and options tied to crypto market leaders bitcoin and ether. The move suggests growing investor interest in derivatives tied to alternative cryptocurrencies, or altcoins. While the crypto derivatives market has exploded in size over the past three years, growth has been mainly driven by demand for bitcoin and ether derivatives.

"With the advent of dollar-margined products and the addition of various altcoin options, the options market has enormous growth potential," BIT co-founder and Chief Operating Officer Lan said in a statement. "BIT and our trusted partners are devoted to increasing the accessibility of crypto options for both institutional and retail traders."

Options are derivatives contracts that offer the purchaser the right, but not the obligation, to buy or sell the underlying asset at a predetermined price on or before a specific date. A call option gives the right to buy, while a put option offers the right to sell.

At press time, Deribit was the world's largest bitcoin options exchange, accounting for 90% of the global open interest of $6,863 million. BIT was the world's sixth-largest by volume and open interest, data tracked by Amberdata show.

The options are launched in collaboration with liquidity provider Darley Technologies and blockchain industry market maker and TON-backer DWF Labs

"With a global community growing at a speed of more than 2% weekly, as well as more than 100 million transactions to date, the TON ecosystem is one of the most promising on the market," said Andrei Grachev, managing partner at DWF Labs. "Joining the options market is a logical and important step for TON because, until now, the only coins available there were BTC and ETH. It means TON will take its place alongside crypto's most prestigious coins."

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BitDAO’s governance token BIT has maintained its price following a weekend surge that occurred after Mantle, a layer 2 network compatible with the Ethereum Virtual Machine (EVM), submitted a proposal on Sunday to introduce a $200 million ecosystem fund to the BitDAO community.

BitDAO, one of the world’s largest decentralized autonomous organizations (DAO), saw its token jump from about 55 cents on Saturday to abut 60 cents on Sunday, a gain of roughly 5%, according to TradingView data. The rise pushed BIT ahead of bitcoin BTC$61,650.42 and ether (ETH) as one of the weekend’s best performers.

In the past 24 hours, the token has continued its uptrend, trading at $0.6120 at the time of publication — its highest price in a week.

BitDAO’s fund aims to pour money into more than 100 early-stage investment projects building on the Mantle Network over the next three years. The fund is part of a larger strategy to incentivize developers to build on the modulated layer 2 network and drive its wider adoption.

At $200 million, the fund is double the size of prolific decentralized exchange Polygon’s $100 million fund that was announced last spring and is larger than Injective’s decentralized finance (DeFi) adoption fund, launched in January.

BitDAO has performed well in recent weeks after taking a hit during the unraveling of centralized cryptocurrency exchange, FTX. The token plunged 20% in November, prompting fears that Sam Bankman-Fried’s now-defunct Alameda Research had been quietly liquidating its BIT supply in violation of BitDAO’s agreement with the quant crypto trading firm.

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Image Source: BitDAOBitDAO’s native token BIT is set to rebrand to Mantle after the community voted in favor of a proposal seeking to optimize the token ahead of the launch of a new layer-2 mainnet.

The measure was approved by a majority vote as part of the BIP-21 proposal, which sought to unify the BitDAO ecosystem under a “One brand, One token” principle.

According to the final results, more than 235 million BIT tokens were cast in favor of the transmission while another 988 BIT tokens voted against it, solidifying the transition to Mantle.

As per the proposal, the BitDAO ecosystem, governance (BitDAO) and product (Mantle), will be unified as Mantle. While governance processes and treasury management will remain unchanged, BIT holders will undergo a token conversion process for the new Mantle token.

The move comes ahead of the mainnet launch of Mantle, a scaling layer-2 protocol built on Ethereum, which is expected to be finalized in the coming weeks. 

BitDAO is backed by crypto exchange Bybit, along with Pantera Capital, Dragonfly, and venture capitalist Peter Thiel.

“Many people were anticipating a separate gas token and didn’t understand that the utility of $BIT was growing. With the changes, Mantle will act as the common binding thread across the ecosystem,” Mantle said in a blog post. 

“With the changes, Mantle will act as the common binding thread across the ecosystem. The timing has also been impeccable in that the token conversion will happen before mainnet, so users won’t need to migrate the gas token of a running network.”

BitDAO Aims to Reduce Complexity of its EcosystemIn the proposal, BitDAO claimed that the “brand optimization” is aimed to reduce the complexity of the BIT ecosystem. 

“There is complexity as to whether $BIT should be valued for its governance component or product component or some combination,” the proposal read. 

BitDAO was established in 2021 after a successful $230 million funding round led by prominent investor Peter Thiel, known for his involvement in major ventures such as Facebook (now Meta), Airbnb, LinkedIn, and Stripe. 

Meanwhile, the Mantle ecosystem will inherit BitDAO’s treasury, receiving almost $300 million in USDC/USDT and approximately 270k ETH, with the total BitDAO treasury valued at over $2.5 billion.

The proposal also noted that token conversion rules and ratios will apply to all token holders equally, who are not required to take any action in advance.

The new token’s official name, ticker symbol, design, conversion mechanisms, and channels will be announced and shared with the public upon audit completion.

“A flexible conversion period will be employed to enable the smoothest user experience, minimize preparatory actions on token holders’ part, and afford new buyers the convenience to acquire $BIT in anticipation of the conversion.”

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BIT lists options tied to Cardano's ADA token. (Wance Paleri/Unsplash)Cryptocurrency derivatives exchange BIT on Wednesday rolled out options tied to Cardano's ADA token while promising to add more alternative cryptocurrencies (altcoins) in coming months.

The ADA options are live in the platform today and are denominated and settled in U.S. dollars, BIT said in a press release shared with CoinDesk. One ADA options contract represents 1 ADA, the exchange's spokesperson said.

ADA, the native token of Ethereum competitor Cardano, has a market value of $9.73 billion and is the world's eighth-largest cryptocurrency at press time. Alternative cryptocurrencies tend to be more volatile than the market leaders, bitcoin BTC$61,650.42 and ether (ETH).

Options are derivative contracts that give the purchaser the right to buy or sell an underlying asset at a certain price on or before a specific date. A call option gives the right to buy the asset, while a put option gives the right to sell.

The availability of ADA options means traders can now use the options to hedge their portfolio risks or bet on a volatility explosion, as they have been doing with bitcoin and ether options.

With BIT's unified margin system, traders can use their coin holding as collateral to trade ADA options at a discount.

"BIT's unified margin system allows users to utilize all assets in their accounts as trading collateral with a haircut ratio. ADA's haircut ratio is now 15%, meaning users can use their ADA as collateral and trade options at a 15% discount," BIT said in the release.

The offering, launched in collaboration with strategic partner Darley Technologies and market maker DWF Labs, expands BIT's existing suite of options, which include those tied to the decentralized layer 1 blockchain, The Open Network's TON coin and bitcoin and ether futures and options.

BIT said it plans to offer options to other altcoins, including meme coins, in the future.

The global crypto options market, led by Panama-based Deribit exchange, is already worth billions of dollars, with most of the activity concentrated in bitcoin and ether contracts, and is known to influence the spot prices of the top cryptocurrencies.

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Mantle (MNT) is on track to celebrate a year since rebranding from BitDAO, one of the prominent projects in the crypto space. Since then, Mantle has rebranded itself as a hub for decentralized finance, and had significant success in bringing deposits.

Mantle holds nearly $300M in value locked, down from a peak of $368M in mid-April. Despite the slide, Mantle aims to keep a high profile on social media and make its new brand known.

Mantle Inherits BitDAO Funding BitDAO was a high-profile project with a focus on governance and supporting other sub-projects. In fact, Mantle was one of the small brands incubated by BitDAO. The initial project was successful with an ICO raising $632M in 2021, later creating a significant token treasury estimated as high as $4B.

The goal of BitDAO was to vote on proposals and assign funds to new technologies. Mantle retains those functions, aiming to create mass adoption for governance tokens. Additionally, the Mantle treasury will be the main tool for future development. Mantle has around 49% of its tokens locked, and will only release new assets after voting on clear development proposals.

Only last year, BitDAO decided to rebrand and created Mantle, which aimed to become a new Layer 2 solution.

Mantle follows in the footsteps of successful L2 leaders like Arbitrum and Optimism, seeking funding and community support to achieve similar success. Mantle maximizes value by optimizing transaction batching on Ethereum’s L1 network.

Mantle Network launched its main net in July 2023, and has accrued 3.4M addresses so far. The network handles more than 380K transactions per day with minimal fees and a new block every two seconds.

MNT Token Recovers Above $1 The recent exposure of the Mantle platform also gave a boost to the MNT token. Sitting just outside the top 30 market cap leaders, MNT is now trading at $1.05.

MNT still holds onto a market cap of $3.4B, though with slower daily trading at around $64M in 24 hours. For the longer term, Mantle is trying to boost the value of MNT by adding reward tokens and a new asset for the ecosystem, MYT.

What MYT Token Does on the Mantle Network Mantle is now creating a new asset, the MYSO token, with the MYT ticker. Despite locking 49% of the MNT supply, Mantle also wants to take more tokens out of circulation.

To reach that goal, Mantle offers reward for locking, or staking MNT tokens, in exchange for new MYT rewards.

One of the incentives is the limited supply of MYT tokens, capped at 90,909. The distribution of MYT is on a lottery principle, where buyers can get tickets for a chance of getting some of the tokens. The role of MYT in the Mantle ecosystem is to facilitate trading and DeFi, with already more than $2M in value locked.

The MYSO Token IOO is launching this week! 👀

But why IOO? 🤔

Everyone is super excited about the launch of $MYT – but why are we doing it via the Initial Open Offering, or IOO?

We want users to get access to the MYSO Token by using the existing and permissionless… pic.twitter.com/fJTkOPQSbI

— MYSO (@MysoFinance) April 29, 2024 The first snapshot date for Mantle was between April 26 and May 3. But MNT owners can continue to lock their tokens for future snapshots and additional raffles to win MYT. The new token distribution started from May 4, with a claim period of 30 days.

You can now claim your $MYT rewards from Mantle Rewards Station MYSO Raffle Event! 🚀

Check the "Claim Rewards" tab to see if you’re among the lucky 500 winners receiving 181.818 $MYT. Winners must claim their rewards within 30 days. For more details, please refer to… pic.twitter.com/MhKT3Pf9FE

— Mantle (@Mantle_Official) May 6, 2024 The MYSO project will start with an open sale, where the exact token distribution will depend on how many tokens the buyers decide to lock.

What is the MYSO Protocol The MYSO protocol offers decentralized lending, with custom loans using any ERC-20 Ethereum-based token. MYSO is also organizing covered calls services, where projects can secure a collateral for their call options.

Additionally, MYSO organizes synthetic token buybacks and other on-chain trading strategies, targeted at whales or project treasuries that need risk mitigation for deals and trades.

The MYSO protocol also offers peer-to-peer loans, which can be covered with token-based collateral. MYSO matches the borrower with the best lenders and selects the best loan pair for receiving stablecoins and posting collateral.

MYSO offers two main products: a retail peer-to-peer lending tool and a whale-matching tool for loans at scale.

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