OVERVIEW

Altcoins Set for Biggest Close in 10 Weeks

Here’s today’s crypto market heatmap:

And here’s a look at crypto’s total and altcoin market cap YTD:

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News In Three Sentences
Bitcoin, Ethereum, And Solana News 🪙 

💰 Guggenheim Dips Its Toes into Tokenized Commercial Paper

Guggenheim dropped $20 million worth of tokenized commercial paper on Ethereum, joining the cool kids in the tokenization trend. The market’s blowing up with heavyweights like BlackRock already raking in $500 million. Corporate paper just went digital, and it’s going to get wild. CryptoSlate.

🚀 Base Dominates Ethereum While Other Layer 2s Eat Dust 

Coinbase’s Layer 2, Base, is flexing on everyone, breaking records for weekly transactions and active wallets, while Polygon and Arbitrum are left in the dust. Base has 6.7 million active wallets and is swallowing users from every other Layer 2 like it’s Pac-Man on a cheat code. Coinbase might’ve just made Layer 2 their playground—for now. TheDefiant.

⚖️ Mango Markets Folds to SEC Over MNGO Token 

Mango Markets, the Solana-based DeFi platform, just paid nearly $700K to the SEC after getting smacked with securities charges. As part of the deal, they agreed to destroy their MNGO tokens and get them delisted from exchanges—basically erasing MNGO from existence. The SEC made it clear that calling yourself a "DAO" doesn't give you a hall pass when it comes to securities laws. Decrypt.

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