Kaia Launches Mainnet to Boost Web3 Adoption in Asia with LINE and Kakaotalk Integration

Daily Top Performer — Sanctum (CLOUD)

The SPX index was down by 0.004%, reflecting a lack of significant movement despite broader market activity. Investors are focused on upcoming data from the PCE price index, the Federal Reserve's preferred inflation gauge, to gauge potential future interest rate cuts. The broader cryptocurrency market was mixed, with Bitcoin rising by 0.65% and Ether dropping by 0.01%, in the past 24 hours.

Today's top performer is CLOUD, which surged 28% following the announcement of Bybit launching bbSOL which is powered by Sanctum (CLOUD). 

Sanctum (CLOUD), launched in 2024, is a pioneer in next-generation liquid staking infrastructure on the Solana blockchain by introducing a multi-LST liquidity pool, offering virtually limitless liquidity for Solana-based liquid staking tokens (LSTs). Sanctum also features an instant unstake function and a native governance token, CLOUD, which facilitates seamless liquidity provision and token swaps across Solana's ecosystem. This protocol aims to enhance the staking process on Solana by addressing challenges like slow unstaking times and network congestion. Recently, Bybit has announced that they are using Sanctum to create their own SOL LST known as bbSOL. 

Check Out the Latest Prices, Charts, and Data of CLOUDUSDT Perp and CLOUD/USDT Spot!

Talk of the Town:

Kaia, a Layer 1 blockchain formed from the merger of Klaytn and Finschia, has launched its mainnet with support from LINE NEXT to accelerate web3 adoption in Asia. The Kaia mainnet, going live on August 29, offers the world’s fastest EVM blockchain with one-second finality and ultra-low gas fees. It aims to solve web3 UX and distribution challenges by integrating with popular Asian messaging apps like LINE and Kakaotalk. The Kaia Wave builder program will provide up to $1.2M in support for developers, aiming to create a thriving web3 ecosystem across DeFi, gaming, and messenger apps.

Check Out the Latest Prices, Charts, and Data of KLAYUSDT Perp and KLAY/USDT Spot!

Bitcoin Spot ETF Flows:

Yesterday, the BTC Spot ETF category experienced a total outflow of $58.3 million, with $22.7 million from GBTC and $35.6 million from non-GBTC sources.

Check Out the Latest Prices, Charts, and Data of BTCUSDT Perp and BTC/USDT Spot!

Airdrop to Watch:

Gomble Games is offering a chance to secure a whitelist spot for the upcoming free mint of their "SpaceKids NFT" collection, with a total supply of 5,555 NFTs. Holders of the SpaceKids NFT will receive a significant airdrop of $G tokens.