Stablecoins Added Over $5 Billion in Last Week

Tensor, a Solana-based NFT marketplace, unveiled Vector.fun, a new platform merging social engagement with token trading across various blockchains. The company's founders highlighted the platform's development due to the emergence of a new market trend.

Bitwise Asset Management has acquired Ethereum staking firm Attestant Limited, handling $3.7 billion worth of staked ETH. The acquisition will help Bitwise develop Bitwise OS, offering staking services, hedge fund services, and exchange-traded products to investors.

Elon Musk defended Dogecoin's inflationary model as a beneficial feature, not a flaw, in response to co-founder Billy Markus' discussion on adjusting the tokenomics. Dogecoin, with an infinite supply limit and 10,000 new coins minted per minute, has been a subject of debate within its community.

Polymarket CEO Shayne Coplan had his phone and electronics seized in a law enforcement raid, described as "political retribution" after correctly predicting the 2024 presidential election. The FBI conducted the raid in Manhattan, New York, but Coplan was not arrested.

According to Bitwise's chief investment officer, there is still time to invest in Bitcoin as it continues to show potential for significant gains. Matt Hougan, a crypto asset manager, believes that Bitcoin's value will rise further, potentially reaching $500,000. Despite the risks, Bitcoin remains attractive to investors as a store of value.

Dogecoin, created in 2013 as a joke, gained popularity due in part to Elon Musk's tweets and memes. Musk's involvement led to a surge in the coin's value, exchanges listing it, and plans for it to be a valid payment method. Now he's set to lead a government agency called D.O.G.E. under Donald Trump. Here's the timeline of events that led to it.

Linea, incubated by Consensys, has launched a nonprofit organization to support its mainnet development and community growth. The Linea Association will introduce a governance token through an airdrop to ecosystem contributors in the near future.

Minneapolis Federal Reserve President Neel Kashkari, a vocal critic of cryptocurrencies, expressed a willingness to reconsider his stance on Bitcoin during a recent conversation. Despite questioning the utility of cryptocurrencies, he acknowledged the industry's struggle to integrate into the traditional financial system.

Dogecoin has been surging, attracting new investors, while a Solana meme coin named PNUT has seen a massive 1,524% increase in market cap after being listed on Binance. Additionally, a token honoring a pet raccoon named Fred has surged 383%.

ARK Invest predicts that a change in leadership, potentially leading to a new SEC chair, could facilitate Initial Public Offerings (IPOs) in the crypto sector. Legislative advancements like the FIT21 and Clarity for Payment Stablecoins Act of 2023 may offer clearer regulatory frameworks for digital assets and stablecoins, aiding companies like Circle and Kraken in their IPO plans.