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In June of this year, Polymarket completed a funding round at a valuation of $1 billion. Just four months later, its valuation target has soared to a range of $12 billion to $15 billion.
In the wave of AI and blockchain integration, the release of ERC-8004 marks the entry of the Machine Economy into the Trust Era.
It's time to upgrade the financial system, rebuild the global payment channels, and create the world's deserved Internet.
The U.S. government shutdown continues, Bitcoin price rebounds; Meteora founder accused of token manipulation; Hyperliquid Strategies plans to raise 1 billion USD; Tesla’s Bitcoin holdings have yielded an 80 million USD profit; crypto industry leaders discuss regulatory legislation. Summary generated by Mars AI. This summary is produced by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.
An era of conversation has begun, the era of confrontation has ended
At this new historical starting point, the entire industry is working together to move toward a more open, interconnected, and efficient future.
- 06:17Data: In the past 30 days, the total cross-chain capital inflow to BNB Chain was approximately $1.1 billion, with deBridge accounting for 40% of the inflow.According to ChainCatcher, citing DefiLlama data, the total cross-chain capital inflow to BNB Chain over the past 30 days was approximately 1.1 billions USD. About 440 millions USD flowed in via deBridge, accounting for 40% of the total.
- 06:08Paxos destroys $300 trillion in stablecoins after minting error; CEO says transparency is a blockchain advantageAccording to Jinse Finance, citing Decrypt, Paxos CEO Charles Cascarilla stated at the Federal Reserve's cryptocurrency roundtable on Wednesday that the company accidentally minted $300 trillion worth of PayPal stablecoin (PYUSD) last week due to an "internal technical error," and destroyed all of it within 24 minutes. This amount exceeds twice the global GDP. Cascarilla attempted to reframe the incident as a demonstration of blockchain transparency, stating, "This actually showcases the transparency that blockchain can provide instantly."
- 05:59Kinetiq, a liquid staking platform based on Hyperliquid, launches governance token KNTQJinse Finance reported that on Wednesday, the Kinetiq Foundation officially launched the protocol's official governance token, KNTQ. As the largest liquid staking platform in the Hyperliquid public chain Layer 1 (HyperEVM) ecosystem, Kinetiq currently has a TVL exceeding $1.6 billion. The total supply of the token is capped at 1 billion. Eligible airdrop recipients must agree to the "Kinetiq Foundation Terms of Use" before 20:00 UTC on November 21 in order to receive the tokens. According to the token distribution plan, 30% of KNTQ will be used for protocol development and rewards; 25% will be allocated for the initial airdrop, of which 1% will go to Hypurr holders and 24% to kPoints holders—a points system launched in mid-July, where users accumulate points based on the amount and duration of HYPE staked, in preparation for the airdrop; 23.5% will be allocated to core contributors, 10% will be held by the Kinetiq Foundation, 7.5% will be allocated to investors, and the remaining 4% will be used for liquidity support.