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- 📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
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1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ - 💙 Gate Square #Gate Blue Challenge# 💙
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CoinRank Crypto Digest (8/12)｜Bitcoin Market Cap Overtakes Amazon as Crypto Market Hits $4.1T Record
Solana’s BAGS surpasses letsBonk.fun in weekly revenue, ranking second in the ecosystem, reflecting strong demand for meme token launches.
Bitcoin’s market cap tops Amazon at $2.45T, pushing total crypto market to a record $4.1T.
LayerZero proposes $110M acquisition of Stargate and STG, aiming to enhance cross-chain infrastructure and unify user experience.
BAGS MEME TOKEN LAUNCH PLATFORM SURPASSES LETSBONK.FUN IN WEEKLY REVENUE
According to Defillama, Solana-based meme token launch platform BAGS generated higher revenue than letsBonk.fun over the past seven days, making it the second-highest-earning platform in the Solana ecosystem, behind only pump.fun.
ANALYSIS
BAGS’ rapid rise reflects its growing competitiveness and appeal in Solana’s meme token market. Meme tokens, often community-driven and high-volatility assets, attract speculative interest and social engagement. While BAGS’ momentum underscores market enthusiasm for entertainment-oriented crypto assets, the platform’s long-term success will hinge on balancing user experience, safety, and compliance in the evolving Solana ecosystem.
BITCOIN MARKET CAP OVERTAKES AMAZON, CRYPTO MARKET HITS $4.1T RECORD
Data from 8market shows Bitcoin’s market capitalization has surpassed $2.45 trillion, overtaking Amazon to become the world’s sixth-largest asset. The total cryptocurrency market cap has reached a record $4.1 trillion, up 2.5% in the past 24 hours.
ANALYSIS
Bitcoin surpassing Amazon signals growing mainstream recognition of crypto assets as stores of value. The overall market’s new all-time high reflects strong investor confidence and expectations for blockchain’s future. However, larger market caps also bring heightened volatility and regulatory scrutiny. Sustaining this growth will depend on technological innovation, supportive policy environments, and institutional participation.
LAYERZERO PROPOSES $110M ACQUISITION OF STARGATE AND STG TOKEN
The LayerZero Foundation has proposed acquiring cross-chain bridge Stargate and its governance token STG for $110 million. STG would be retired, with holders able to swap 1 STG for 0.08634 LayerZero’s native token ZRO (valued at ~$0.1675 per STG, with ZRO priced around $1.94). Stargate would be integrated into LayerZero, and Stargate DAO dissolved.
ANALYSIS
This deal highlights LayerZero’s strategic focus on cross-chain infrastructure as a core component of multi-chain interoperability. Integrating Stargate could strengthen protocol collaboration, resource sharing, and technical capacity while unifying the cross-chain user experience.
Although the token swap may require short-term adjustment for STG holders, LayerZero’s ecosystem growth potential could offer longer-term upside. The move bolsters LayerZero’s position in the competitive multi-chain landscape and sets the stage for future protocol innovation and commercialization.
〈CoinRank Crypto Digest (8/12)｜Bitcoin Market Cap Overtakes Amazon as Crypto Market Hits $4.1T Record〉這篇文章最早發佈於《CoinRank》。