Mantle network’s total value locked has crossed $1 billion, driven primarily by Aave’s deployment on the layer-2 chain. The lending protocol has accumulated approximately $800 million in deposits since launching on Mantle about a month ago, representing a significant portion of the network’s growth.
Archives: Fast News
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Ether funding rate turns negative: Are ETH bears regaining control?
Ether’s funding rate dipping negative highlights a surge in demand for bearish positions. Investors pulled 225 million USD from spot ETFs, impacting ETH’s price negatively. Despite recent network upgrades, ETH struggles to attract bullish sentiment.
Ethereum’s ongoing bearish sentiment remains evident as ETH hovers below 2,100 USD. On-chain activity has reduced significantly, with most investors dissatisfied. Optimistic upgrade plans have yet to translate into higher demand for Ether.
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Surge in Circle shares expected as Bernstein optimizes stablecoin adoption
Circle Internet Financial’s shares increased 49% this year and doubled since early February, closing at 118.17 USD, putting its market cap at approximately 30.3 billion USD.
Bernstein anticipates continued gains due to growing stablecoin adoption, especially after the GENIUS Act of 2025 provided essential regulatory clarity, benefiting Circle’s USDC, the second-largest stablecoin globally.
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Fed interest rate decision meeting approaches amid mixed market signals
The Federal Reserve’s upcoming interest rate decision meeting is in focus as traders assess the likelihood of policy changes. Market participants are analyzing economic data and Fed communications to gauge whether rates will remain stable, increase, or decrease at the next meeting. The outcome could have significant implications for cryptocurrency valuations, as rate decisions typically influence risk asset flows and investor sentiment across digital asset markets.
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Trump’s meme coin plummets 96% from peak amidst falling approval ratings
The TRUMP token reached a low of 2.87 USD, reflecting a drastic decline of 96% from its peak. This drop coincides with adverse polling data regarding Trump’s performance as president.
As Trump’s approval ratings worsen due to the conflict in Iran, associated tokens like World Liberty Financial (WLFI) also registered new lows, reflecting negative sentiment in the market.
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BitGo to custody digital assets for StableX’s 100 million USD stablecoin initiative
BitGo will provide custody and trading services for StableX, which aims to build a treasury worth 100 million USD in stablecoins. Their collaboration marks a significant step in the evolving digital asset landscape.
StableX has initiated acquisitions of tokens like FLUID and LINK, reflecting its active engagement in the market. The stablecoin sector’s recent growth, with a market cap exceeding 314 billion USD, shows increasing interest from investors.
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Ethena: Could the accumulation of 4.47 million ENA signal a recovery?
OKX Ventures acquired 4.47 million ENA for about 453,000 USD. This transaction bolsters their total holdings to 10.84 million ENA, reflecting strong buyer demand in the market.
ENA’s price is stabilizing within a range of $0.093 and $0.133. Although there’s active demand, the asset still faces challenges breaking past the $0.255 resistance.
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US banking lobby considers legal action over crypto firm charters
The Bank Policy Institute is reportedly considering a lawsuit against the OCC over its approval of bank trust charters for cryptocurrency firms. The legal action would challenge the regulatory body’s authority to grant such charters to crypto-focused companies.
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SEC delays decision on BlackRock’s bitcoin ETF application
The Securities and Exchange Commission has delayed its decision on BlackRock’s bitcoin ETF application. The postponement extends the review period, keeping the outcome uncertain as regulators continue their evaluation. The decision timeline remains a closely watched development in institutional crypto adoption efforts.