pvp

According to on-chain analyst Yu Jin's monitoring, the Hyperliquid TG trading bot and pvp.trade have accumulated approximately $8.68 million in revenue through trading fee commissions, making it one of the top Builders in the Hyperliquid ecosystem.After Hyperliquid issued its token, pvp.trade has continuously used its commission income to buy HYPE. Currently, it has used $8.68 million to purchase 421,000 HYPE tokens, with an average cost price of only $20.6. As HYPE has risen, the value of its holdings has now increased to approximately $24.34 million. However, pvp.trade redeemed 400,000 HYPE from staking yesterday, valued at about $22.8 million, and it is unclear whether there are plans to take profits at the current high level.

Citibank and Swift announced the completion of a pilot project for Payment-versus-Payment (PvP) settlement processes between fiat and digital currencies, validating the feasibility of interoperability between traditional financial systems and distributed ledger networks. This pilot was implemented using existing Swift infrastructure and achieved through seamless integration of institutional-grade blockchain connectors, business process coordinators, and smart contracts. Additionally, in the pilot, Citibank utilized the test version of USDC on the Ethereum Sepolia testnet to simulate a near-production environment.

ChainCatcher news, Coinbase's research head David Duong stated that the current Digital Asset Treasury (DAT) has entered a "player-to-player" competition phase, with the early scarcity premium fading and the market's demand for execution and differentiation increasing.The BTC exclusive DAT holdings have exceeded 1 million coins, accounting for about 5% of the circulation; the ETH exclusive DAT holdings are approximately 4.9 million coins, valued at about 21.3 billion USD, accounting for over 4% of the circulation. Early participants like MicroStrategy once enjoyed a net asset premium, but as competition intensified and regulatory constraints increased, the premium has narrowed.

ChainCatcher message, Ethereum co-founder Vitalik Buterin stated that it makes him uncomfortable when crypto Twitter and venture capital firms consider "PvP-style gaming projects that cause most users to lose money" as the best product form in the crypto space, while pursuing better products is criticized as "condescending and elitist."Although these remarks sometimes make him feel like withdrawing, every time this happens, he finds inspiration from the world, reminding himself that he is fighting for something valuable.

According to ChainCatcher's message, monitored by on-chain analyst Ai Yi, in just 10 days since the launch of TRUMP, the top 10 smart money have collectively earned nearly $220 million during this period. However, these smart money have shown varying performances in subsequent PVP operations:All TOP10 smart money have chosen not to rest and remain actively trading, but only 40% achieved positive total revenue in the PVP following TRUMP, and their profits did not exceed one million dollars, while the remaining 60% experienced varying degrees of losses. Among them, 50% participated in the trading of MELANIA and all exited with profits, but only the TOP2 whales made profits exceeding one million dollars ($5.63 million). Currently, 3 smart money have yet to realize their profits from TRUMP, and as the coin price declines, their profits have narrowed. Overall, while these smart money remain active, their profitability has decreased in the recent high-difficulty market, with less than half able to sustain profits.

ChainCatcher news, CryptoQuant CEO Ki Young Ju stated on his social platform, "The altcoin market is currently in a zero-sum PvP (player versus player) game. Although Bitcoin's market cap has doubled, the total market cap of altcoins is still below the previous historical high, merely rotating within the market without new capital inflow. Only a few altcoins with strong use cases and narratives will be able to survive."

ChainCatcher news, CattleProof is a U.S. tech company that provides ID for livestock using a decentralized network, today announced that it has received official certification from the U.S. Department of Agriculture (USDA) Process Verified Program (PVP).The USDA's Process Verified Program is a mechanism that allows agricultural producers, among others, to demonstrate to third parties that their production meets specific standards. This is also a way to gain consumer trust.CattleProof's system ensures that all data related to cattle, from birth to death, is securely and reliably stored on the blockchain. This enhances transparency and traceability.