1. Market Overview
Total crypto market increased a bit (~2%) this week.
Not many big liquidations (forced losses), so market is relatively stable.
Funding rates rising = traders are slightly more bullish, but still cautious.
2. Main Story (Narrative of the Week)
KelpDAO says a problem happened because of a system called DVN (validator network).
They claim it followed rules from LayerZero, so they are blaming LayerZero for the issue.
👉 Simple: There’s a technical blame game between projects.
3. Project Updates
Polymarket launched Perpetual trading (Perps).
This means users can trade not just crypto, but maybe stocks too in future.
👉 Simple: More advanced trading options coming.
4. DeFi Update
Jupiter added borrowing feature.
You can now borrow money using tokenized stocks like SPY, QQQ, Tesla etc.
👉 Simple: You can use digital versions of stocks to take loans.
5. Funding News
Kaio raised $8 million.
Big companies like Tether supported it.
👉 Simple: Investors are still putting money into new crypto projects.
6. Airdrop
USD.AI launched its token CHIP.
People who joined earlier (airdrop/ICO) can now receive it.
👉 Simple: Free/early tokens are being distributed.
📌 Overall Simple Summary:
Market is slightly bullish but stable
New features and products are launching
Some technical issues & blame between projects
Investors still funding crypto
Airdrops are ongoing