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MLN Token Surges Over 85% Amid Broader Crypto Market Gains

Crypto assets saw varied price movements, with notable surges in LINK and Gemini's introduction of a Solana-themed credit card, while regulatory and funding updates continue to shape the market.

BTC
SOL
XRP

Summary

Crypto markets experienced a mixed day, with Bitcoin rising 2.04% and LINK surging 9.8%, while Morpho dropped 4.33%. Gemini launched a Solana-themed credit card offering up to 4% SOL rewards. Blockchain.com is reportedly pursuing a U.S. listing through a SPAC merger. Sky Protocol completed a $68,000 buyback of 11.25 million SKY tokens, totaling over $79 million to date. Limitless raised $10 million and Nubila Network secured $8 million in separate funding rounds. Regulatory updates from Korea included government supervision of listed tokens and proposed bans on stablecoin interest payments. CZ predicts Bitcoin’s market cap will eventually surpass gold’s.

Terms & Concepts
  • SPAC: A Special Purpose Acquisition Company, a type of investment vehicle that raises capital through an initial public offering to acquire an existing company, often in the cryptocurrency or tech sectors.
  • Solana-themed credit card: A credit card offering rewards in Solana (SOL), allowing users to earn cryptocurrency through spending, introduced by the exchange Gemini.
  • Sky Protocol Buyback: A token buyback program conducted by Sky Protocol to reduce its circulating token supply, with $68,000 allocated to repurchasing 11.25 million SKY tokens.