Summary
TLDR: Bitcoin hits all-time high above $73,000, but altcoins like TON and THORChain are outperforming. DeFi metrics show TVL rising, with Maker losing ETH while Solana apps gain. Ethereum’s layer-2 Blast competes with Optimism for TVL. In the crypto business, Gryphon Digital leads in stock gains, while Coinbase raises $1 billion in convertible notes. MicroStrategy outperforms Nvidia, Tesla, and Block on bitcoin buys. Summer trends include oracles for yield and Dencun day celebrations.
Key Points
1. Bitcoin reaches a new all-time high above $73,000, while altcoin season seems to be in full swing.
2. Toncoin (TON) has been the star performer in the top 100 cryptocurrencies, gaining nearly 21% in a day and now ranking as the 13th largest cryptocurrency by market cap.
3. DeFi’s total value locked (TVL) is on the rise, with Ethereum apps experiencing net outflows of ETH over the past month, while Solana apps have seen an increase in SOL. Maker, the protocol behind DAI, has seen a decrease in ETH deposits leading to rate hikes and protocol adjustments.