AO Launches on Arweave with Innovative Supercomputer Capabilities and Fair Token Distribution

Daily Top Performer — Stargate Finance (STG)



The SPX index is down by 0.6% due to a significant drop in Salesforce shares, marking its worst day since 2004. The broader cryptocurrency market is mixed, with Bitcoin rising by 2.16% and Ether dropping by 0.41%, respectively, in the past 24 hours.





Today’s outperformer is STG, which jumped 45.2% after Stargate Finance Launches V2 Featuring DeFi's Cheapest Bridge Now Live.

Stargate Finance (STG), launched in March 2022, is a DeFi platform on the Ethereum network that enables cross-chain transactions using technologies like cross-chain bridges and unified liquidity pools for a seamless user experience. Recently, Stargate Finance has launched Stargate V2, featuring "DeFi's cheapest bridge.” The new release allows users to deposit into V2 pools and enhances interoperability across the DeFi ecosystem. The platform's market cap now exceeds $175 million. Concurrently, Stargate V1 continues to operate across 12 chains, with a gradual reduction in incentives.



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Talk of the Town:



AO, a new blockchain protocol built on Arweave's permanent data storage layer, is set to launch on June 13. Coined by Arweave co-founder Sam Williams as "Bitcoin, but a supercomputer," AO will introduce a token with a total supply of 21 million and a four-year halving cycle, trading under the ticker AO. The launch is a 100% fair event with no pre-mining, pre-sales, or preferential access. The protocol offers scalability, supporting high transaction volumes and parallel processing through its modular architecture. It features AOS, an operating system that facilitates applications in Lua and is compatible with Ethereum's Virtual Machine via WebAssembly. AO's design aims to meld blockchain security with the high performance of commercial servers, optimizing for complex tasks like AI modeling.



Check Out the Latest Prices, Charts, and Data of ARUSDT Perp and AR/USDT Spot!



Spot Bitcoin ETF Flows:



Bitcoin (BTC) increased by 1.09% to close at $68,383 on Thursday, buoyed by positive ETF inflows and stable economic data, despite ongoing concerns about Fed policy. Upcoming economic reports and Fed decisions could further influence BTC's price. Ethereum (ETH) also remained strong, positioned to potentially breach the $4,000 resistance level if positive trends continue.



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



Airdrop to Watch:

Ithaca Protocol has launched its live beta and announced a formula-based airdrop campaign. This platform, created by a former Goldman Sachs partner and an Amber Group executive and backed by investors like Cumberland and Wintermute Ventures, introduces advanced features for the crypto options market. It is the first to offer executable prices across a variety of financial products, including vanilla options, digital options, and more. Ithaca's auction-based matching engine and a mix of off-chain and on-chain technologies enhance liquidity and user capabilities in DeFi, CeFi, and TradFi environments. The launch marks a significant step towards decentralization, with future plans to enable on-chain actors to manage key risk-sharing components.