News linked to both this project and an event.
According to a research report released by Geoff Kendrick, Standard Chartered’s Global Head of Digital Assets, as Wall Street accelerates the onchain migration of real-world assets, Uniswap’s native token UNI is poised for nearly a 40-fold increase before 2030, with a price target of $100 and a year-end target of $6.50. Kendrick positions Uniswap as an open-market infrastructure layer accessible to TradFi institutions—not as a retail DEX application—and forecasts that total value locked (TVL) across DeFi protocols will reach $2.7 trillion by 2030, at which point Uniswap’s liquidity pool size could expand 37-fold.
According to CoinDesk, Aerodrome—the largest DEX in the Base ecosystem—plans to launch its Predictive Allocation mechanism in July, allocating incentives by forecasting future liquidity demand instead of relying on traditional historical-data-based models.
According to official news from XBIT DEX, on June 11, the leverage function of the XBIT DEX prediction market was officially launched. High-liquidity markets will initially support up to 5x leverage. The "XBIT World Cup Event" commenced on the same day, featuring a total prize pool of 1.1 million USDC, and will run until the final on July 19.The prediction market for the opening match, Mexico vs. South Africa, is now open. Current market expectations indicate a 69% probability of a Mexico win, 21% for a draw, and 11% for a South Africa win. Markets covering outcomes such as Match Winner, Handicap, Over/Under, Correct Score, and Corners have been launched simultaneously, spanning 48 teams and 104 matches.During the event, both contract trading and prediction market trading will earn prediction vouchers, which can be used to participate in the daily feature match. Correct predictions will split the prize pool for that match. The single-match prize pool increases as the tournament progresses, with the final offering a maximum of 150,000 USDC. Additionally, dual leaderboards for contracts and the prediction market have been established.
on-chain analyst Ai Yi posted on platform X, stating that SPCX is about to launch, and the total share capital of SpaceX has been adjusted to 13.08 billion shares, an increase of 10%. Under the same total valuation, the pre-market contract prices will shrink by 10%, affecting platforms that have previously listed this asset and their users. Exchanges such as Binance have followed up with a rebase, and the perpetual DEX Aster has also chosen to proactively adjust to prevent user losses. TradeXYZ has announced that it will not make any adjustments, adhering to its stance as a "price-based perpetual contract," leading to long positions suffering losses. It stated that stock splits are not uncommon in US stocks, where large-cap tech stocks undergo forward stock splits due to excessively high single-share values to facilitate trading. The TradeXYZ team indicated that a solution will be provided.
Bitget Wallet has completed an upgrade to its DEX Aggregator API, becoming the first in the industry to offer an aggregated interface supporting market price trading for tokenized stocks and RWAs. Institutional clients or developers can use their existing API to directly swap any token for RWA assets such as tokenized stocks.Additionally, the Bitget Wallet API has launched a fee collection service, providing clients with a one-stop profit-sharing solution. Institutional users and developers can use the Bitget Wallet billing system for real-time or periodic settlement of transaction fees. By simply configuring the fee rate and split rules, they can quickly commercialize their business without needing to build their own collection, reconciliation, and settlement systems.Currently, the Bitget Wallet API supports trading tokenized RWA assets on Ondo Global Markets, covering US stocks, ADRs, and various ETFs, including broad-based indices, sector themes, fixed income, commodities, and regional markets. The daily trading volume from partners such as 0x, LI.FI, CoW Swap, deBridge, and XOSwap has already exceeded $20 million.
Circle has announced the launch of a wrapped Bitcoin product, cirBTC, on the Ethereum blockchain. The token is fully backed 1:1 by Bitcoin, designed to help users integrate BTC assets into DeFi scenarios such as lending, decentralized exchanges (DEXs), tokenized assets, and stablecoins.Circle stated that cirBTC is primarily aimed at institutional investors, whose target client base typically holds Bitcoin as a core crypto asset allocation and has already established trust in Circle's infrastructure through products like USDC. Currently, USDC's market capitalization exceeds $75 billion, making it the second-largest stablecoin in the market.The wrapped Bitcoin market is currently dominated by wBTC and cbBTC, launched by Coinbase. Among them, wBTC, launched in 2019, has a market cap of approximately $7.3 billion and remains the largest wrapped Bitcoin product; cbBTC, which went live in 2024, has a market cap close to $5.4 billion. With the launch of cirBTC, Circle will directly compete with Coinbase and BitGo, the primary custodian of wBTC, for institutional wrapped Bitcoin market share.Data shows that the total market capitalization of all wrapped Bitcoin tokens currently stands at approximately $12.5 billion to $13.5 billion, accounting for roughly 1% of Bitcoin's total market cap of about $1.25 trillion. (CoinDesk)
Odaily News: Ahead of the SpaceX IPO, the SPCX pre-market contract on several CEXs and on-chain Perp DEXs presented arbitrage opportunities due to differences in share count calculations and rebase mechanisms, which multiple KOLs capitalized on. Among them, crypto KOL Silicon Bird | Ray shared: “Last night, I went long on BN and short on HL, still capturing a 10-point arbitrage opportunity. BN issued a rebase announcement last night. Since the initially estimated share count (11.87B) differed from the actual share count (13.08B), SPCXUSDT positions will be converted at a ratio of 1.1. This means BN’s SPCX price will be divided by 1.1, while the position size will be multiplied by 1.1. This created a massive arbitrage opportunity because SPCX on Hyperliquid was also originally launched based on the 11.87B share count. However, the documentation clearly states that Hyperliquid’s SPCX will not rebase (as an HIP-3 DEX, trade.xyz doesn’t have this capability either). Hyperliquid’s current SPCX tracks the Class A common stock price. I submitted a ticket to trade.xyz and received a clear response confirming there will be no rebase.” Additionally, he analyzed the reasons behind "SPCX on trade.xyz will not rebase," stating: “There are several key reasons. Those familiar with Hyperliquid and trade.xyz understand their relationship: the former is a trading-specific L1 blockchain, while the latter is a DEX based on Hyperliquid’s HIP-3. trade.xyz is somewhat like an outsourced team, essentially just setting up a platform within Hyperliquid’s ecosystem.1. We need to understand that a rebase is an extremely complex operation, involving halting trading, forced liquidations, and reopening positions. This is a major engineering challenge even for large CEXs (such as OKX and BN, which are undergoing this rebase). Smaller exchanges like Bitget have simply given up and opted for a relist. For an on-chain team dependent on another blockchain, this is an even more daunting task.2. When trade.xyz first launched the contract, it mentioned an estimated share count of 11.87B. However, they later realized this could be controversial and promptly removed any mention of the estimated share count from their documentation. They clearly emphasized that the price tracked by SPCX on trade.xyz is the Class A common stock price of SPCX, and added extensive disclaimers stating there will be no rebase.”Crypto KOL KyleChen also posted last night: “The optimal hedging strategy should be on OKX’s pre-market perpetual. The IPO subscription cost is 142u, leaving around 14% profit margin. Comparison of three pre-market platforms:- OKX Pre SpacX: 162u, essentially confirmed as per-share price- Binance current price: 167u, with an announced rebase scheduled for 6/10 at a factor of 1.1, resulting in an adjusted price around 151.2u- Hyperliquid: 168u, its pre-market contract is provided via trade.xyz based on HIP-3. From a technical infrastructure standpoint, the contract does not directly supp
Charlie (@0xBroze), co-founder of the Felix Protocol, announced that Felix’s HIP-3 DEX and all spot markets will begin shutting down on June 19 and complete shutdown by June 20; all traders must close their active positions before then. In its post-mortem analysis, the Felix team noted that competitor TradeXYZ successfully established a growth flywheel and gained market dominance by launching earlier, pricing in USDC (rather than Felix’s USDH), rapidly expanding the number of markets, and leveraging airdrop-driven brand effects. Although Felix launched first in markets such as OIL, GOLD, and SILVER—and recorded approximately $3 billion in trading volume—it was ultimately overtaken by TradeXYZ. Felix emphasized that the DEX shutdown will not affect its lending or spot stock trading businesses, and the team will continue focusing on upgrading and iterating these core products.
Solana ecosystem Perp DEX project BULK has announced the launch of its Season 1 points program. Pre-deposits are now open, with 1 million AURA (points) distributed weekly until the exchange officially goes live.Previously, BULK announced the completion of an $8 million seed funding round, led by 6th Man Ventures and Robot Ventures, with participation from Big Brain Holdings, Wintermute, and Solana co-founder Anatoly Yakovenko, among others.
tea Protocol has officially joined Aerodrome Aero Ignition. Aero Ignition is Aerodrome's on-chain liquidity bootstrapping mechanism for new projects. The tea Protocol community vote will commence on May 28, with the $TEA TGE scheduled for June 4.As one of the core DEXs in the Base ecosystem, Aerodrome utilizes a veAERO voting mechanism, allowing the community to decide which projects receive greater liquidity incentives. As voting support increases, the $TEA liquidity pool will gain stronger liquidity backing, thereby enhancing trading depth, ecosystem exposure, and market activity.It is reported that tea Protocol is a Web3 infrastructure project reshaping the value system for global open-source software. It aims to address the long-standing issues "invisible contributions" and "non-distributable value" at the internet's foundation. In the AI-driven software era, tea Protocol uses on-chain mechanisms and a "Proof of Contribution" system to convert the dependencies, usage influence, and developer contributions of open-source software into quantifiable and verifiable network value, thereby establishing a sustainable incentive and trust layer for critical open-source infrastructure.
on May 22 that the new-generation Perp DEX PopDEX has announced the completion of a $30 million funding round, led by Foresight Ventures. PopDEX is a decentralized perpetual contract trading platform centered on traders, focusing on capital efficiency, trading experience, and value distribution mechanisms, aiming to build an on-chain derivatives trading platform driven by real trading activity.The team stated that the funds will be used to inject initial liquidity into the project, enhance trading depth and capital efficiency, accelerate product development, and expand the team and market. PopDEX has already begun inviting select top-tier traders to participate in internal testing and will continuously optimize the product experience based on early user feedback. The internal testing phase will focus on refining aspects such as the trading process, capital efficiency, product interaction, risk control, and user experience, preparing for a wider public beta test and subsequent product launch.
Lighter officially announced on X that the "escape mechanism" verification conducted by third-party auditor L2BEAT has been completed. This means that even if the sequencer on the L2 layer malfunctions, users can permissionlessly withdraw funds from Lighter's L2 back to Ethereum, making Lighter the industry's first L2 Perp DEX to achieve this functionality.
Bitget Wallet has announced the launch of its API management platform, now available free of charge to developers and institutional clients worldwide. The platform provides a full-stack API service encompassing same-chain swaps, cross-chain transactions, and real-time market data.Developers and institutional clients can now register for an account and apply for an API Key directly through the platform, gaining free access to Bitget Wallet's on-chain trading infrastructure without the need to build complex backend systems from scratch. Additionally, building upon its previous support for 7 public chains including Ethereum, Solana, BNB Chain, Base, and Morph, this launch adds support for HyperEVM and Hypercore. It also introduces cross-chain APIs, chain query and broadcast interfaces, and the NoGas feature, reducing transaction friction for end users. The market data API currently covers 33 public chains and over 200 mainstream tokenized stocks, and incorporates an AI risk detection module capable of identifying anomalous tokens, unusual transaction behaviors, and unstable trading routes.Built on Bitget Wallet's proprietary DEX aggregation engine, the API processes an average daily aggregated trading volume of over $20 million and carries approximately 80% of the wallet's core transaction volume. Currently, the API is deeply integrated with leading aggregators and solvers including 0x Protocol, LI.FI, CoW Swap, deBridge, Velora, and XO Swap. The launch of this management platform will further lower the barrier for developer integration, enabling more products to build everyday financial services on top of Bitget Wallet's on-chain trading infrastructure.
: According to official sources, OKX has updated the Boost trading volume calculation rules. When users trade mainstream coins on OKX DEX, the trading volume can now be counted towards Boost trading volume and participate in related Boost activities. Additionally, token transactions on the X Layer chain will enjoy an extra 20% boost in trading volume for a limited time.It is reported that this rule update aims to further expand the coverage of Boost trading volume and enhance the user participation experience within the DEX and X Layer ecosystem.
: According to official announcements, Gate DEX BountyDrop has launched the RealGo airdrop event. Users can enter the BountyDrop module via the "Activity" page of the Gate DEX App to participate in tasks. Among all participants who complete the tasks, 1,000 will be randomly selected to share 2,000,000 loyalty points.Gate Wallet is a multi-chain crypto wallet that connects to 100+ public chains, millions of assets, and tens of thousands of DApps in one stop, delivering a professional-grade DEX experience and providing the optimal solution for every DEX need. BountyDrop is an exclusive earn-to-earn activity zone on the Gate DEX discovery page, where users can complete simple tasks for a chance to win rewards or participate in a lottery to receive airdropped tokens.
according to the official announcement, Gate DEX BountyDrop has launched the IOTRADER airdrop event. Users can enter the BountyDrop module via the "Event" page on the Gate DEX App to participate in the tasks. Among all participants who complete the tasks, 1,000 will be randomly selected to share a $15,000 IOI prize pool.Gate Wallet is an industry-leading multi-chain crypto wallet, offering a one-stop connection to over 100 public chains, millions of assets, and thousands of DApps, unlocking a professional-grade DEX experience and providing the optimal solution for every DEX need. BountyDrop is an exclusive earn-to-earn event zone within the Gate DEX discovery page, where users can complete simple tasks for a chance to win rewards or participate in a lottery to receive airdropped tokens.
as of the end of April, crypto trading aggregation platform XBIT ranked 4th on the official Polymarket Builder leaderboard with a monthly trading volume of $36.12 million.The project was officially launched in early April, and XBIT has recently passed the official Polymarket Builder review.Currently, XBIT has launched two core categories: Prediction Market and Perpetual Contracts (Perp DEX). Its next step is to launch a leveraged prediction market, further enriching the aggregated trading experience.
Odaily Odaily Odaily reports, digital asset trading platform Gate has released its latest quarterly report, showcasing a strong momentum of continued expansion across multiple core businesses. Gate Perp DEX has entered a phase of scaled growth based on a mature product system, with cumulative trading volume exceeding $13 billion in the first quarter, surpassing 10 million trades, and over 600 trading pairs. While covering major crypto assets, it has introduced TradFi perpetual contracts for gold, silver, and crude oil, extending the platform from a single crypto derivatives trading venue to a multi-asset market.Meanwhile, the ETF and derivatives market has performed actively. Quarterly ETF trading volume grew from 6.7 billion USDT at the beginning of the year to over 18 billion USDT, covering more than 320 trading pairs. The average daily number of options trading users increased by 54.6%. TradFi-related products have become a key driver of derivatives growth, pushing the trading structure from single crypto assets towards a multi-asset system.On the institutional and product ecosystem front, the platform's growth momentum continues to be unleashed. Institutional contract trading volume rose by over 50% compared to the end of last year, with the total number of institutional users increasing by more than 66%. Asset under management grew by 22%, trading volume increased by 192%, and CrossEx trading volume and net asset size grew approximately 9.4 times and 3.1 times, respectively. Gate's multi-business synergistic growth, anchored in the convergence of TradFi and crypto assets, is accelerating its evolution into a comprehensive multi-asset trading platform.
According to an official announcement, the on-chain burn of GateToken (GT) for the first quarter of 2026 has been officially completed, with a total of 2,557,729.381387 GT transferred to the burn address, representing a burn value exceeding $20.68 million.Since the launch of the Gate Chain mainnet in 2019, GT has maintained a continuous burn mechanism. To date, a total of 187,377,156 GT have been burned, with a cumulative burn value exceeding $1.382 billion (at current prices). The total token supply has been significantly reduced by approximately 62.46% from its initial 300 million tokens.With the launch of Gate Layer and the gradual rollout of native applications such as Gate Perp DEX, Gate Fun, and Meme Go, the utility frequency of GT, the sole Gas token for Gate Layer, has been continuously increasing. Concurrently, Gate is driving the coordinated development of infrastructure and applications including Gate for AI Agent, GateClaw, Gate.AI, and GateRouter, leading to a simultaneous increase in on-chain transaction and interaction demand. Gate will continue to implement its long-term, stable GT burn mechanism, fostering a tighter positive feedback loop between the token's economic model and real usage demand alongside ecosystem expansion.
Litecoin disclosed on X platform that a recent zero-day vulnerability once led to a DoS attack, affecting the operation of major mining pools. Mining nodes that were not updated in time allowed an invalid MWEB (MimbleWimble Extension Block) transaction to be executed, enabling the relevant tokens to be withdrawn to a third-party DEX. The Litecoin network rolled back these invalid transactions through a 13-block reorganization (reorg), confirming they would not be included in the main chain. All valid transactions during this period were unaffected. The vulnerability has now been completely fixed, and the network has resumed normal operation.