Today: BNB steals the spotlight

Macro and policy

How to start trading Bitcoin

Industry highlights

• BSC meme tokens were the clear market driver, with daily trading volumes spiking and several new projects topping DEX rankings.
• OKX quietly launched its CEX-integrated DEX trading function, offering gas-free swaps during beta, allowing users to buy tokens across all chains and secondary markets directly from a single account.
• YZi Labs announced a $1B Builders Fund focused on the BNB Chain ecosystem, targeting early-stage projects and founders building core infrastructure.
• GiggleFund confirmed a donation of over 7,800 BNB (worth over $10M) to Giggle Academy, a CZ-backed educational nonprofit offering free online schooling for children worldwide. The donation was funded through a 5% transaction tax on the $GIGGLE token.
• Ethena and Jupiter revealed plans to co-launch JupUSD, a native Solana stablecoin, later this quarter. Jupiter intends to convert $750M of its USDC liquidity into JupUSD over time to bootstrap adoption.

Alpha watch

• Meteora (MET) unveiled its tokenomics: 48% of supply will circulate at TGE. Distribution includes 20% for Mercurial stakers, 15% for Meteora users, and 3% each for Jupiter staking incentives, Launchpads, and Launchpool partners, with the rest vesting linearly over six years. A standout feature is the Liquidity Distributor, which lets users earn trading fees through liquidity positions instead of traditional airdrops.
• MetaMask partnered with HyperLiquid to roll out on-wallet perpetuals, allowing users to fund contracts with any EVM token, auto-converted to USDC for trading.
• Polymarket teased its long-awaited token launch with a cryptic post, sparking speculation about an airdrop announcement.
• Arb traders were warned: “small-cap arbitrage risk is extremely high right now.”