Mantle Network Initiates 'Methamorphosis' Campaign to Reward mETH Stakers with Convertible Points

Daily Top Performer — Spectral (SPEC)

The SPX index was up by 0.27%, as investors anticipated further economic indicators and the Federal Reserve's latest minutes to gauge economic performance and monetary policy directions. The broader cryptocurrency market was up, with Bitcoin and Ether rising by 2.11% and 1.29% respectively, in the past 24 hours.



Today's top performer is SPEC, which surged 11.5% following the introduction of autonomous AI agents by Turnkey and Spectral Labs, aimed at revolutionizing onchain user experience.



Spectral (SPEC), founded in 2020, is a decentralized project that enhances blockchain oracles by delivering AI and ML-generated insights and inferences, integrating advanced technology with blockchain functionality. Turnkey and Spectral Labs are collaborating to revolutionize on-chain UX with AI agents capable of autonomously executing smart contracts and transactions. Using Turnkey’s secure key management system, these agents operate within a 1:2 multisig setup, ensuring enhanced security and flexibility without direct access to user private keys. This partnership aims to simplify and secure user interactions in the crypto space.



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Talk of the Town:

Mantle Network has launched its "Methamorphosis" campaign on its Ethereum Layer 2 platform, rewarding mETH stakers with "Powder" points that can be converted into the upcoming governance token, COOK. The campaign, which starts today and ends in October, offers higher rewards for mETH held and used directly on Mantle compared to partner protocols like Pendle or EigenLayer. In addition to rewarding users with Powder, the campaign prepares mETH holders for a transition to a new Liquid Restaking Token (LRT), cmETH, promising variable yields and additional incentives. Mantle's mETH is currently the fourth-largest liquid staking token in DeFi, with a market cap of $1.65 billion.



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Bitcoin Spot ETFs:





Bitcoin has rebounded above $63,000, driven by inflows into Bitcoin ETFs despite recent market fluctuations. Ethereum is experiencing significant outflows, while anticipation grows for the launch of Ethereum and Solana ETFs. These developments highlight increasing traditional finance interest in cryptocurrencies, suggesting a positive long-term outlook for the digital assets market.





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Airdrop to Watch:

Ora Protocol, an Ethereum-based AI platform capable of executing complex computations onchain, has launched a points program that could potentially lead to an airdrop of its native token. Supported by prominent backers like Polychain and HashKey, and having raised $20M in funding, Ora encourages participation through tasks that involve using its "Onchain AI Oracle." Users can earn points by connecting their Twitter account, entering a specific code, and generating prompts on the Arbitrum chain through Ora’s platform. Each prompt costs about $3. For detailed guidance, a step-by-step guide with screenshots is available online.