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The S&P 500 dropped 2.36% as all sectors fell amid Fed concerns and China trade tensions. Gold hit a record high above $3,450 amid rising haven demand driven by recession fears, USD weakness, and Trump’s attacks on Fed Chair Powell. Market uncertainty and geopolitical tensions continue to support the rally. Despite the pullback, the uptrend remains intact. The Coindesk Indices, which tracks the broader crypto market, are down by 0.63%, Bitcoin rose 3.33% while Ether fell 0.81% over the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.
Today's top performer is BERA, up 3.0%, following Berachain's Governance Guardians announcement, new ecosystem projects, and community updates.
Berachain (BERA), launched in August 2021, is a high-performance Layer 1 blockchain that uses a Proof-of-Liquidity consensus mechanism to enhance network security through ecosystem liquidity. It offers Ethereum compatibility with EVM-identical execution. Last week in Berachain saw the launch of Governance Guardians, new ecosystem projects like BeraToners and Lair Finance, and collaborations between Berachain projects like Euler and Beraborrow. The community remains active with multiple initiatives and ongoing promotions.
The proposal suggests replacing Ethereum’s current execution layer (EVM) with RISC-V, aiming to improve scalability, simplify the execution layer, and boost efficiency. This change would allow smart contracts to remain compatible with existing Ethereum infrastructure while providing significant optimizations for the execution of smart contracts, especially in relation to zk-EVM proving. RISC-V-based smart contracts could bring efficiency gains of up to 100x in certain cases, particularly by optimizing time-consuming processes like state computation and block execution. Two potential implementation paths are proposed: maintaining dual VMs (EVM and RISC-V) or transitioning to a RISC-V interpreter for EVM contracts. This change could simplify the execution layer and enhance the long-term scalability of Ethereum.
Category | Flow (millions) |
GBTC | 36.6 |
Non-GBTC | 303.1 |
Total | 339.7 |
Yesterday, BTC spot ETFs saw $339.7M in total inflows, with $303.1M from non-GBTC funds and $36.6M from GBTC.
Superform’s final points season is now live, with an airdrop to follow. Users can earn points by depositing tokens such as ETH, USDC, and USDT. Those who previously participated in the Cred farming season and ranked in the top 31,250 can now claim their SuperAlien NFTs by minting all rewards on the site.