Jupiter (JUP) rose over 15% in 24 hours, driven by adding its stablecoin JupUSD to its liquidity pool and plans for a $500 million USDC-to-JupUSD transition. The strategic reserve also increased buying pressure by acquiring over 350,000 JUP recently, contributing to supply reduction through token burns. JUP reclaimed a lost trendline support level, suggesting a potential bullish shift if it holds above $0.24, with possible gains to $0.28. This rally highlights Jupiter's growth as a major liquidity provider on Solana and its evolving on-chain finance system.
Jupiter (JUP) surged over 15% following a sharp increase in June protocol revenue, reaching a three-month high and reversing a prior decline in network activity. This revenue boost supports Jupiter’s staking and governance, driving renewed demand des...
Bitcoin dipped to its lowest since September 2024 at $57,700 before recovering slightly, with $395 million in liquidations signaling bearish pressure. Traders on Deribit favor puts over calls, notably targeting a $50,000 put expiring in September, su...
Velvet (VELVET), a decentralized finance platform focused on yield optimization, surged 21.17% to $1.92, becoming the top gainer with increased interest in DeFi projects despite no specific news. Meanwhile, LAB, a biotech blockchain project, fell 16....
