😊 Market Events

- The U.S. Government has split $2B worth of Bitcoin into two addresses, with a 10,000 BTC deposit likely made to an institutional custody/service. Arkham

- 21Shares has integrated Chainlink Proof of Reserve to enhance transparency for its Core Ethereum ETF and spot Bitcoin ETP. Chainlink

- pSTAKE Finance launches Bitcoin Liquid Staking v1 on Babylon Chain with a 50 BTC deposit cap, offering boosted pSats and additional rewards. pSTAKE Finance | Bitcoin Liquid Staking 🧡

🔥 Top Mindshare Gainers

[COINBASE] +52bps - Today's discussions about Coinbase on Twitter are primarily focused on its recent partnership with the U.S. Marshals Service to provide custody and trading services for government-held digital assets, which has generated significant positive sentiment. Other notable topics include Coinbase's support for new tokens, its strategic shift towards being more crypto-native, and its involvement in various high-profile transactions and partnerships, such as with Grayscale and DigitalX. Additionally, there are mentions of Coinbase's upcoming Q2 earnings call and its role in the broader cryptocurrency market dynamics. ref0 ref1 ref2 ref3 ref4 ref5 ref6 ref7 ref8 ref9

[LINK] +32bps - The main discussions for LINK today revolve around 21Shares integrating Chainlink's Proof of Reserve (PoR) to enhance transparency for their Core Ethereum ETF (CETH). This integration aims to provide real-time visibility into the Ethereum reserves backing CETH, setting new standards in digital asset transparency and security. Additionally, there are mentions of Chainlink's involvement in various DeFi projects and its potential to become a top 5 protocol. ref0 ref1 ref2 ref3 ref4 ref5 ref6 ref7 ref8 ref9 ref10 ref11 ref12 ref13 ref14 ref15 ref16 ref17 ref18 ref19 ref20 ref21

[COMP] +31bps - Today's discussions around COMP are dominated by concerns over a recent governance attack where a proposal passed, allocating $24 million worth of COMP tokens to a yield-bearing protocol controlled by a group known as the 'Golden Boys.' This has raised significant alarm within the community about the integrity of Compound's governance system, with many calling for better governance mechanisms and active participation. COMP added 5.6% to $51.27 after the proposal's backers, a whale named Humpy and a group of COMP holders known as the Golden Boys, agreed to cancel their proposal and vote for an alternative that involves creating a staking product that will be controlled by the CompoundDAO. ref0 ref1 ref2 ref3 ref4 ref5 ref6 ref7 ref8 ref9 ref10 ref11 ref12 ref13 ref14 ref15

[AAVE] +27bps - Today's discussions around AAVE focused on several key topics: the approval of a V3 pool for Lido Finance's stETH and wstETH, the launch of a custom Aave V3 market, and the proposal to update AAVEnomics to enhance the protocol's fee switch. Additionally, there was significant interest in AAVE's revenue generation, its potential to outperform in the DeFi space, and its comparison with Compound Finance's governance issues. ref0 ref1 ref2 ref3 ref4 ref5