Enso announces day-one integration and full support for Monad Mainnet launch

BitMine has acquired an additional 21,537 Ethereum tokens for approximately $60 million, increasing its holdings to over 3% of the total Ethereum supply despite facing around $4 billion in unrealized losses. This purchase comes amid a recovering market for Ethereum, which had previously seen a significant decline of over 25% in value within a month.

Wormhole Labs has launched Sunrise, a new day-one listing platform on Solana, which will enable major assets to launch with immediate liquidity. The first asset listed on this platform is Monad's MON, marking a significant step for both the platform and the asset.

Sunrise has launched a unified gateway that facilitates the import of tokens from various ecosystems into the Solana blockchain, coinciding with the live deployment of Monad. This development aims to simplify token transfers and enhance user experience within the Solana ecosystem.

The cryptocurrency market has experienced notable fluctuations, with Bitcoin's price stabilizing around $90,000 despite significant selling pressure and volatility affecting altcoins. This situation reflects ongoing market dynamics influenced by various factors, including ETF outflows and Federal Reserve policy shifts.

Monad has garnered significant attention this week as it successfully raised $269 million in an Initial Coin Offering (ICO) led by Coinbase, the leading American cryptocurrency exchange, ahead of its mainnet launch. This funding marks a pivotal moment for Monad, a layer-1 network designed to be compatible with Ethereum's Virtual Machine (EVM).

Bitcoin's price has shown signs of stabilization around $90,000 despite significant outflows from exchange-traded funds (ETFs) and ongoing rate repricing by the Federal Reserve, reflecting a complex market environment. Recent fluctuations have highlighted the cryptocurrency's resilience amid pressures from market volatility.

The decentralized finance (DeFi) sector has suffered a significant downturn, with approximately $60 billion lost in November alone, highlighting the volatility and instability within the cryptocurrency market. This decline is exacerbated by a liquidity crisis, where $12 billion in DeFi liquidity remains idle, with 95% of capital going unused.

A recent report highlights a liquidity crisis in the decentralized finance (DeFi) sector, revealing that $12 billion in liquidity remains idle, with 95% of capital going unused. This inefficiency has led to significant losses for retail liquidity providers, with half of them experiencing financial setbacks due to impermanent loss, resulting in net deficits exceeding $60 million.