This Week's Market Pulse TLDR :
1. Market Overview:
As of 6:45 AM UTC, Total crypto market cap rose 0.53% to $3.232T, up from $3.215T last week. Despite volatility, liquidations remained low (mostly under $300M daily). Funding rates saw a slight, healthy rise, indicating some market optimism.
2. Narrative of the Week Solana DEX, Humidifi, raises $5.57M, across three token sale phases via Jupiter Exchange's new launchpad, DTF.
3. Project Updates :
Crypto social network, Farcaster, pivots away from their social network product to focus on developing their wallet instead. 4. DeFi Brief
Ethena launches their perpetual DEX, HYENA, built on Hyperliquid, in collaboration with BasedApp. HYENA is currently invite-only and usage will grant both Ethena points and BasedApp XP. 5. Fundraises :
Cross-chain bridging infrastructure, Lifi, raises $29M in a Series A extension round, with investors including Multicoin Capital and CoinFund.
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