On-chain Data

Bridge (Unsplash modified by CoinDesk)
Optimism Says Ether Now Treated as Native Cryptocurrency Alongside OP Token
Representatives of the layer-2 network atop Ethereum confirmed the change in the treatment of ETH after CoinDesk observed a $550 million transfer in blockchain data. The change occurred in conjunction with Optimism's “Bedrock” upgrade this week.
Bridge (Unsplash modified by CoinDesk)

Pepe the Frog Meme Gallery (Danny Nelson/CoinDesk)
Research Shows Majority of Pepe Investors Caught in High-Stakes Game of Musical Chairs
The majority of investors do not stand to gain from Pepecoin's herculean rise, indicating a limited window for potential gains.
Pepe the Frog Meme Gallery (Danny Nelson/CoinDesk)

Algorithmic stablecoins seek balance through unconventional means. (eswaran arulkumar/Unsplash)
Aave Lending Protocol Moves Closer to Launching GHO Stablecoin on Ethereum Mainnet
The developer proposed two key features for the decentralized stablecoin in a governance post on Tuesday.
Algorithmic stablecoins seek balance through unconventional means. (eswaran arulkumar/Unsplash)

Apple to release VR headset on Monday (Lauren Heymann/Unsplash)
Virtual Reality Tokens Surge 8% as Traders Await Apple's VR Headset Release
The metaverse market is bouncing back ahead of Apple's release as trading volume on related tokens spikes to $905 million.
Apple to release VR headset on Monday (Lauren Heymann/Unsplash)

VELO/USDT chart (TradingView)
Optimism-Based Velodrome Token Slides Nearly 8% Ahead of Major Upgrade
Velodrome’s upgrade is slated for June 15 and is a complete overhaul of the protocol.
VELO/USDT chart (TradingView)

CDCROP: Unicorn float pool beach Uniswap (Unsplash/Modified by CoinDesk)
Uniswap Community Votes Down Protocol Fees for Liquidity Providers
The initial snapshot poll was voted against by the community in a surprising move.
CDCROP: Unicorn float pool beach Uniswap (Unsplash/Modified by CoinDesk)

Synthetix is sunsetting its version one perpetuals market. (Bernd Dittrich/Unsplash)
Synthetix Community Approves Plan to Nudge Positions Off Soon-to-Shut Version One of Its Perpetuals Market
The market, which was replaced by a new version, has been in close-only mode for months, but about $150,000 remains on the original platform.
Synthetix is sunsetting its version one perpetuals market. (Bernd Dittrich/Unsplash)

Red Bull logo (Unsplash)
Sui Blockchain Signs Multiyear Deal With Red Bull Racing
Sui will roll out a series of digital experience for racing fans over the coming months.
Red Bull logo (Unsplash)

Kyle Davies, Su Zhu and Mark Lamb (Kyle Davies/Twitter)
Bankruptcy Claims Exchange OPNX Issues New Governance Token, FLEX Rises 16%
FLEX holders can convert their tokens for OX at a ratio of 1:100.
Kyle Davies, Su Zhu and Mark Lamb (Kyle Davies/Twitter)

CDCROP: Bridge hand grasp fog future (Aleksandr Barsukov/Unsplash)
Crypto Bridging Protocol Multichain ‘Unable to Contact’ CEO Zhaojun
Multichain's team says it cannot maintain some cross-chain bridges without getting access permissions from its AWOL chief.
CDCROP: Bridge hand grasp fog future (Aleksandr Barsukov/Unsplash)