BlockDAG (BDAG) Leverages Inter Milan Deal to Power Its USDe Stablecoin

Crypto often thrives on both hype and timing. XRP's rising derivatives volume shows rapid speculative trades. Hyperliquid's USDe brings practical rewards and cross-chain access.

Crypto often thrives on a mix of hype and practical use cases. As XRP’s derivative volume soars with traders making rapid speculative trades and Hyperliquid’s USDe stablecoin brings daily rewards and cross-chain access, both projects highlight different paths, one focusing on fast trades and the other on utility.

Meanwhile, BlockDAG is smartly tying pop culture to crypto with its Inter Milan deal, now linked to the UEFA final, turning heads. The project’s presale is gaining momentum as more people are joining, showcasing how visibility can drive results.

BlockDAG’s Inter Milan Deal Powers $233.5M Presale Growth

Timing is crucial in both sports and crypto. BlockDAG has managed to excel in both aspects. Its collaboration with Inter Milan has garnered significant attention, especially as the club has advanced to the UEFA Champions League final. A logo on a jersey has now become a global brand presence through matches, broadcasts, and social media.

This attention is translating into tangible results. BlockDAG has already raised over $233.5 million with more than 19.9 billion coins sold. It is currently in Batch 28, priced at $0.0262. However, there is a limited-time entry point of $0.0019 valid until May 13. This entry point provides a 2,520% gain from Batch 1, drawing fresh attention from a wider audience.

This isn't just football noise; the campaign is driving traffic, boosting referrals, and pushing BlockDAG's visibility beyond cryptocurrency. For both football and DeFi followers, it's now more than just a logo; it's a top cryptocurrency coin gaining real traction.

BlockDAG's X1 app continues to grow with thousands of new users joining daily. With miner sales crossing $7 million and over 17,375 units sold, the ecosystem is expanding rapidly. The team's vision includes a robust mainnet, a multi-chain future, and educational tools aimed at making cryptocurrency simpler for all.

This level of planning sets BlockDAG apart from typical projects that rely solely on price movements. As May 13 approaches, the sense of urgency is clear. People are watching closely, not just because of the price but because of the project's bold steps into global markets.

XRP’s Derivatives Volume Spikes Reflecting Short-Term Trading Surge

In a single day, XRP's derivative volume surged 62.99%, increasing to $4.52 billion according to Coinglass. This rapid escalation signals an intense rush of short-term activity by traders, clearly indicating that speculation is the driving force behind this move.

Despite the massive trade volume, open interest dipped slightly by 0.3%, indicating that new positions aren't being held for long. Additionally, around $8.63 million in liquidations occurred, with long trades making up 90% of those closed positions, highlighting the current volatility in the market.

Data from Binance and OKX further confirms the prevailing sentiment: Binance shows a long/short ratio of 3.0161 and OKX shows 2.2, both figures suggesting that most traders are expecting upward moves. However, the decrease in open interest signals a preference for short-term engagement, focusing on quick trades rather than long-term holding.

Hyperliquid’s USDe Stablecoin Adds Daily Rewards and Cross-Chain Transfers

Hyperliquid has introduced USDe, a stablecoin designed to enrich its decentralized finance (DeFi) ecosystem with daily rewards for users who hold 100 or more USDe. These rewards, calculated based on the user's 24-hour balance and paid via Merkl, are a core element of USDe's value proposition.

Furthermore, USDe supports cross-chain transfers between HyperCore and HyperEVM, facilitated by Stargate Finance, operating on LayerZero, for simpler and faster movement of assets.

Strategic integrations with prominent DeFi platforms amplify USDe's utility. On platforms like Euler Finance and Felix Protocol, users can borrow using USDe as collateral, and pairing USDe or sUSDe with assets on Curve Finance earns strong yield boosts.

This development highlights the growing interest in the project as it continues to innovate and expand its offerings within the DeFi space.