Contributors of Synthetix proposed to acquire Derive through the exchange of SNX for DRV tokens, valuing it at $27 million, with an exchange rate of 27 DRV for 1 SNX. The acquisition will strengthen Synthetix's protocol capabilities on the Ethereum Mainnet, and DRV holders will receive SNX according to the vesting terms, locked up for 3 months, with a linear release over 9 months. To this end, 29.3 million SNX tokens will be issued. This acquisition is part of Synthetix's broader ecosystem integration strategy and may drive the launch of a derivatives trading exchange.

Author: Luke, Mars Finance
From peak to trough: A year of contrasting extremes
Looking back at the spring of 2024, the Bitcoin ecosystem shone like a dazzling supernova. The rise of the BRC-20 token standard, driven by the inscription craze of the Ordinals protocol, ignited a frenzy in the market. Inscriptions—an innovation that embeds unique data directly into the smallest unit of Bitcoin, the "satoshi"—caused on-chain activities to take off like a rocket. The prices of tokens like ORDI skyrocketed, with some assets doubling or even tripling in market value within just a few weeks. Projects like SATS and RATS joined the celebration, bringing astonishing returns. Bitcoin's on-chain transaction volume surged, Gas fees soared, and miner revenues rose significantly. This is a golden moment, where innovation, speculation, and enthusiasm intertwine, seeming to herald a new era for Bitcoin—not only as digital gold but also as a vibrant decentralized force.

The Ethereum Foundation has launched the "Trillion Dollar Security Initiative" aimed at upgrading network security, building robust infrastructure, and ensuring that billions of people hold assets worth over $1,000 on-chain. The plan is divided into three phases: first assessing security, then implementing improvements, and enhancing the communication of security standards. The community is currently involved in the roadmap formulation, with samczsun and Mehdi Zerouali from Sigma Prime leading the implementation.

In recent weeks, Bitcoin has seen some wild price action. Underneath it, there are key players in the market who appear to be making some strategic moves that could very well set the next phase for the cryptocurrency in motion.
In the past 30 days, the whale and shark holders (those

Decentralization technology leads the new wave of AI democratization. The brand new AI training network "Psyche" launched by Nous Research officially went live on the Testnet yesterday, choosing the Solana network as the underlying technology, initiating a global decentralized language model (LM) training initiative. This is not only a technological breakthrough but may also rewrite the landscape of the AI industry, creating an era of intelligence where everyone can participate.
What is Psyche? Three Core Technologies Reshaping AI Training Logic
Psyche, as a groundbreaking decentralized AI training network developed by Nous Research, aims to allow global users, whether individuals or small communities, to contribute their GPUs to collaboratively train large AI models. This breaks the previous monopoly of AI training resources concentrated in the hands of a few tech giants, opening up

The analysis of Dogecoin's UTXO Realized Price Distribution (URPD) reveals key price levels that may act as barriers for investors. Market psychology plays a significant role in how investors react to price retests, with potential support and resistance levels at $0.21 and $0.36. These levels could influence trading behaviors and define strong support and resistance areas for Dogecoin.