Solana’s DeFi Hits $10B 💸

The price is back near $195 with a $100B+ market cap.

Welcome to Crypto Wire — clear, concise, and crypto-smart.

What we’ll cover today:

🔮 Polymarket’s return to U.S. markets

💸 Solana DeFi hits $10B TVL milestone

💷 Bank of England says… maybe no digital pound

Polymarket, the world’s biggest prediction platform, just bought QCEX to legally re-enter the U.S. market.

🚨 Breaking News:
Polymarket acquires QCEX for $112M, securing full regulatory approval to offer legal betting markets in the U.S. again.

Wire Simplified:

  • Polymarket paid $112M to acquire QCEX, a licensed U.S. exchange

  • QCEX holds key regulatory licenses from the CFTC

  • This lets Polymarket fully reopen to U.S. customers after years abroad

  • Their prediction markets saw $15B in bets globally last year

  • U.S. laws now offer more clarity for these types of platforms

✔️ Straight to the Point:
Polymarket is back in the U.S. legally. Regulation is catching up, and betting on weird events just got easier.

🎤 Will Polymarket succeed now that it’s back in the U.S.?

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Solana’s price and DeFi markets are booming again, with major exchanges like Orca and Raydium driving volume up.

🚨 Breaking News:
Solana’s DeFi TVL hits $10.4B, its highest in 6 months, thanks to rising token prices and trading volumes.

Wire Simplified:

  • Solana’s total DeFi locked value (TVL) just crossed $10.4B

  • DEX trading volume hit $22.5B this past week

  • Exchanges like Orca and Raydium are leading the charge

  • SOL’s price is back near $195 with a $100B+ market cap

  • DeFi gains mostly driven by SOL’s price growth, not new users

✔️ Straight to the Point:
Solana’s DeFi is pumping again but mostly because SOL’s price is up, not because there’s suddenly more users.

🎤 Is Solana DeFi back for real this time?

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The Bank of England might cancel its digital pound plans as stablecoins like USDT and USDC dominate headlines.

🚨 Breaking News:
BOE is rethinking its CBDC plans, telling banks to focus on tokenized deposits instead of launching new digital money.

Wire Simplified:

  • BOE unsure about launching a retail CBDC anymore

  • Banks are urged to focus on tokenized deposits

  • Stablecoins now dominate conversations over digital currencies

  • BOE still open to wholesale CBDCs for banks

  • Other countries like the U.S. are also pausing CBDC plans

✔️ Straight to the Point:
The UK’s digital pound might not happen. Stablecoins are winning, and banks prefer safer tokenized deposits instead.

Source : @cryptomemebot on Instagram

What do you think about today’s edition?

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Disclaimer:

This newsletter is for educational purposes and not intended as financial advice. Make your own investment decisions based on thorough research. Stay informed and cautious in the ever-changing crypto market.

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