Public chain battles during economic upturns: EVM, L2, Solana, Aptos, Sui Spiritual core: XX public chain uses XX technology, solves XX pain points, and achieves XX vision Public chain battles during economic downturns: BSC, X layer, Morph Spiritual core: XX is backed by XX exchange and has XX user portal
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This time, it seems Walrus's market manipulation is quite impressive. It dipped to 0.3862 last night, but has now rebounded to 0.44, completely ignoring the selling pressure from the second phase of the airdrop. With Sui's Global Creator Conference coming up in two days, I doubt there will be any good news.
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This means that its $6.3 billion preferred stock issuance is expected to grow significantly. In fact, during the investor meeting, the company announced plans to refinance $4.2 billion through its latest preferred stock product Stretch (STRC), which aims for a monthly yield of 10%.
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