Bitcoin's Mt. Gox Bounce ($)
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Sponsor: Mantle — Mass adoption of decentralized & token-governed technologies.
- 🕦 Mt. Gox Repayment Deadline Pushed Again. The exchange's trustees have kicked its creditor repayment deadline out another year to Oct 31, 2025.
- 🌎 WLFI Token Sale Starts Oct 15. Trump's World Liberty Financial is kicking off its public token sale to accredited investors next week.
- 🟦 Ripple Co-founder Donates $1M XRP to Harris. While crypto's top figures have largely rallied around Trump, Larsen is one of the most high-profile execs backing Harris.
📸 Daily Market Snapshot: After falling below $60K yesterday, bitcoin surged nearly 6% Friday as crypto buyers breathed easy on news that Mt. Gox would likely not be wrapping its creditor repayments this year.
| Prices as of 6pm ET | 24hr | 7d |
|
Crypto $2.19T | ↗ 4.8% | ↗ 0.9% |
|
BTC $63,006 | ↗ 5.5% | ↗ 1.0% |
|
ETH $2,455 | ↗ 3.9% | ↗ 1.1% |
Just one year after launching, Base is already one of the biggest DeFi chains in crypto. There are a number of top apps contributing to the burgeoning ecosystem, but Aerodrome is a top candidate for the network's buzziest DeFi opportunity.
Today, let's dig into what makes the protocol special 👇
Mantle kickstarts Season 1 of Methamorphosis. Building on the success of their Liquid Staking Token, mETH, Mantle LSP announces plans for a new Liquid Restaking Token, cmETH, along with a governance token, COOK. With Methamorphosis, participants can now farm Powder for future COOK tokens and position themselves early for upcoming cmETH release.
🧑🌾 Farming Alpha: While onchain yields held relatively consistent week-over-week, WBTC returns are slumping now that Justin Sun’s WBTC takeover has come into effect. Restaked ETH yields remained depressed, but an incentivized Convex pool is providing healthy LST yields. An OP-incentivized Beefy BTC Velodrome vault should continue providing delectable yields for the next 6 days.
Top Opps:
- 🟠 BTC: 79% APY with Beefy’s tBTC-WBTC vault on Optimism
- 🟠 BTC: 9% APY with Pendle’s LBTC (Corn) PT on Ethereum
- 🟠 BTC: 7% APR with Convex’s EBTC-tBTC pool on Ethereum
- 🟠 BTC: 6% APY with Fraxlend’s WBTC pool on Ethereum
- 🔵 ETH: 17% APR with Convex’s rETH-frxETH pool on Ethereum
- 🔵 ETH: 6% APY with Pendle’s amphrETH PT on Ethereum
- 🟢 USD: 22% APR with Aerodrome’s DOLA-USDbC pool on Base
- 🟢 USD: 18% APR with Convex’s crvUSD-sFRAX pool on Ethereum
- 🟢 USD: 14% APY with Pendle’s rsUSDe PT on Ethereum