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Santiment has spotted a positive development in the Chainlink ecosystem. Chainlink’s social media engagement surged significantly in the past six months. Whales accumulated notable amounts of LINK since September 2024.
Quick Take Bitcoin retraced modestly compared to altcoins as Friday’s U.S. PCE Index data reaffirmed growing inflation unease. The broader crypto market was harder hit by the news, with ETH, SOL, and XRP sliding over 6% in the past 24 hours. Inflation data may disincentivize the Federal Reserve from further rate cuts in May, but catalysts for a bounce still exist, according to experts.
Quick Take Bitcoin dominance has risen to 58%, defying expectations of an altcoin market rotation despite favorable conditions. The following is an excerpt from The Block’s Data and Insights newsletter.
- 15:21NVIDIA CEO Jensen Huang: Trump Should Revise AI Chip Export RulesJinse Finance reports, NVIDIA CEO Jensen Huang: Trump should revise AI chip export rules.
- 15:21Re7 Capital launches a $10 million fund focusing on the SocialFi sectorRe7 Capital announced the launch of a $10 million fund focusing on the SocialFi sector, aiming to support around 30 early-stage startups in this field. It is reported that the fund is led by Re7 Capital, with other supporters including Lens (a SocialFi platform founded by Aave's Stani Kulechov), Dan Romero (co-founder of Farcaster), and existing Re7 Capital limited partners. (The Block)
- 15:02Ethena PT integrates Aave, supports high-yield recursive lending, and offers double rewardsApril 30 news, according to Ethena Labs, users can now collateralize eUSDe May Pendle PT on Aave, and sUSDe July PT will also be launched. This move marks the first time in DeFi that billions of dollars in PT assets are incorporated into the mainstream lending market, supporting cyclical operations at an interest rate of approximately 4%. Users can achieve an annualized return of about 25% through 5x leverage. Additionally, within the next month, eUSDe and USDe PT deposits will receive double Ethena rewards, while sUSDe PT will receive a single reward.