Wormhole launches Solana’s day-one listing platform Sunrise DeFi, with Monad’s MON as first listing

Bitcoin is experiencing a significant drawdown attributed to reversing ETF flows, weaker treasury demand, and a shrinking stablecoin supply, indicating a capital flight. Despite this volatility, the long-term demand for Bitcoin remains strong, bolstered by institutional adoption and sovereign interest. Bitcoin Hyper, a new initiative, aims to enhance Bitcoin's utility through a high-speed DeFi platform, raising over $28 million in its presale.

Enso has announced its full integration and support for the Monad mainnet launch, providing developers with immediate access to decentralized finance (DeFi) tools and liquidity from the outset. This integration is expected to enhance the functionality and accessibility of the Monad platform for users and developers alike.

Michael Saylor has reiterated his commitment to Bitcoin amidst a significant price drop, with Bitcoin sliding towards the $80K–$85K range, raising concerns among leveraged traders and prompting warnings of a potential market crash. Saylor's company, Strategy, holds over 649,000 BTC, which remains profitable on paper despite the recent volatility.

Bitcoin and Ether have faced significant outflows from exchange-traded funds (ETFs), with Bitcoin experiencing a record $903 million exit, reflecting growing investor caution amid fears of a bear market. In contrast, Solana has seen a notable increase in ETF inflows, showcasing a divergence in market sentiment.

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.

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, Ether, and Solana exchange-traded funds (ETFs) have experienced a notable rebound with strong inflows, signaling a positive shift in investor sentiment. This comes after a period of significant outflows and market volatility, particularly for Bitcoin, which had seen fluctuations around $90,000. The renewed interest in these cryptocurrencies indicates a potential recovery in the market.

Bitcoin exchange-traded funds (ETFs) have attracted $238 million in inflows, marking a positive shift in investor sentiment, while Ether funds have ended an eight-day outflow streak. This development indicates a renewed interest in Bitcoin amidst a fluctuating market.