Behzard

This Week's Market Insights TLDR 💫:

1. Narrative of the Week 📰: Circle announces plans for Arc, a USDC-focused L1, with plans to roll out testnet in the coming months.

2. Project Updates 🗓: Mining pool, Qubic, attempts a 51% takeover on the Monero network, successfully attaining 51% of the network’s hashrate after a month-long “experiment”.

3. DeFi Brief 📌: Uniswap Foundation proposes for the formation of a new legal entity as a Wyoming DUNA, to grant Uniswap governance real-world recognition, potentially opening the door to the long awaited fee switch.

4. Fundraises 💰: Web3 learning platform, Hack Quest, raises $4.1M in a pre-A funding round led by Open Campus and Animoca Brands, with support from Stepn, Gate Ventures, Hashkey, Outlier Ventures, and more.

5. Airdrops 🎁: Lens introduces Lens Token Distributor, distributing GHO to eligible users directly to their Lens accounts based on their activity and contribution.

Read more below 👇

  coinmarketcap.com/academy/arti...