The crypto market experienced a weak rebound, with the SocialFi sector rising 2.39% led by Toncoin and Galxe, while the RWA sector fell 3.59%, exacerbated by a 32.74% drop in OM due to the ongoing MANTRA incident. Meanwhile, NFT and AI sectors saw modest gains, whereas Layer1, Layer2, DeFi, and Meme sectors faced declines.
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Avalon Labs has announced its provision of Bitcoin lending services to Bybit, enabling the launch of a stable income product on the blockchain through its fixed-rate lending system for on-chain arbitrage strategies. The company has previously made significant inroads in the Bitcoin stablecoin and on-chain lending sectors.
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Mind Network's FHE token experienced a 160% surge in value within 24 hours following its listing on Binance's contract trading platform, peaking at 0.1063 USDT. The platform also introduced a staking feature offering up to 400% annual returns, further boosting its market presence.
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Morpho Labs announced on X platform that the issue during yesterday's frontend update has been identified and resolved, with changes rolled back and the app functioning normally. All user funds within the protocol remain secure and unaffected, with a detailed explanation to follow.
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