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The echoes of ICOs return 💰 Angel investing platform Echo has revealed its new ICO platform known as Sonar. Unlike Echo’s current private sale mechanism, Sonar allows founders to host their token sale easily. The platform is highly customizable, supporting different methods for hosting sales with several integrated options for compliance tools. On the other end of the spectrum, participants on Sonar can participate without sharing their personal information, even if the deal requires them to perform KYC. The Sonar platform will go live with the Plasma blockchain as its first sale, an EVM-compatible Bitcoin sidechain specifically designed for stablecoins. Plasma will be offering 10% of the supply of its native XPL tokens at a valuation of $500M, with each token being priced at $0.05. Starting June 9, users will have to deposit stablecoins into the Plasma vault on Ethereum to earn a time-weighted allocation to participate in the sale.
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The calm before the storm 🌩️ Seems like the crypto markets are gearing up for another big week ahead. Despite reaching a new all–time high of $111.8K last Friday, BTC failed to break past the $112K barrier, and fell back to the $107K over the weekend. However, Bitcoin has since recovered earlier today, reclaiming the $110K level, and has continued to hover over that range thus far. Similarly, the prices of ETH and SOL are up 2.9% and 3.2% on the day, respectively. Yet, global crypto volume has slowed down by 45.7%, with trading volumes from $173B on May 23 to just $94B today. With BTC’s renewed strength, AI agent tokens are among the top gainers for the day, with the likes of AIXBT, AVA, and VADER leading the charge. Following the achievement of its previous ATH last week, Hyperliquid’s HYPE token continues to achieve record-breaking metrics, climbing even further to a new ATH of $39.68 as of the time of writing.
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