Author：Mining leader

Mantling Over to Mantle

In partnership with tokenization platform Backed Finance, the Bybit exchange will be bringing tokenized stocks to the Mantle Layer-2.

Similar to previous versions launched on Solana and Kraken, xStock tokens will be backed 1:1 by real underlying equities.

With this collaboration, users will be able to easily deposit and withdraw their xStocks on Bybit on day one, facilitating smoother transfers to Mantle.

Bybit currently supports over 100 different xStocks, but it remains to be seen whether all of them will make their way on-chain to Mantle’s various DEXes and applications.

Since its launch, the xStock ecosystem has grown rapidly, reaching a market cap of $130M, with daily trading volumes of over $50M.

Mantle’s native MNT token has also risen by 8.9% from $1.23 to $1.34 today since the announcement.

Collectible Cryptos

Trading card compxPacks are being sold across specific stores and on the Cardsmiths official website, from as low as $37 for a 2-pack bundle, all the way to $2,500 for 24 mega boxes containing 192 packs.

The set itself features 135 cards with varying artwork from popular creators such as street artist Mr.Brainwash and different rarities for each card. 

Each pack will contain 5 cards, with a small chance of including a card which can be redeemed for certain amounts of Bitcoin, Ethereum, Litecoin and Dogecoin.

The set also includes 5 cards that can be redeemed for a full Bitcoin, as well as a unique 1-of-1 non-redeemable copy of a Bitcoin trading card.

In Other News

The Zcash Surge Continues. Privacy coin Zcash (ZEC) surged and reached an ATH of $735 on Friday, triggering over $51M in short liquidations. ZEC has increased in price tenfold in the past month amid growing privacy concerns surrounding Bitcoin.

“¼” of All Polymarket Trades Wash Trading. A study published by Columbia University researchers on Thursday found that about 25% of all trading volume on the predictions market Polymarket to be wash trades. In this case, the wash trading can be explained by users attempting to airdrop farm on Polymarket.

Ledger Eyes IPO. Hardware crypto wallet Ledger, is reportedly in talks to go public in the US stock markets. Ledger’s CEO, Pascal Gauthier disclosed this information to the Financial Times while mentioning that he is spending more time in New York, the US state where the NYSE is based.

CryptoSpain Detained for Involvement in $300M Scheme. Álvaro Romillo, a Spanish crypto influencer, is detained by Spanish authorities for allegedly orchestrating a $300M ponzi scheme. Romillo was arrested after he was linked to a Singaporean bank account that received $29M in illicit funds.

Trove Raises $20M to Buyback HYPE. Trove, a perpetuals market for collectibles, announced a $20M raise to purchase Hyperliquid’s HYPE tokens for HIP-3 integration. Despite the announcement, users on X are wary of the source of funds given that their Echo pre-sale was apparently cancelled.