Linea launches Ethereum-centric L2 and largest ecosystem fund to empower builders and users

Daily top performer — Conflux Network (CFX)



The S&P 500 hit a new record, rising 0.02%, as markets eyed tech earnings, Fed signals, and key economic data. Gold slid to $3,310 as a stronger US dollar and pre-Fed profit-taking pressured prices, with XAU/USD nearing a key $3,300 support level. The Coindesk Indices, which tracks the broader crypto market, fell 3.75%, with Bitcoin and Ether down 0.78% and 0.93%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.

Today’s top performer is CFX, up 16.7% following OrcaMind.AI’s partnership with Conflux to advance AI-powered decentralized payments.

Conflux Network (CFX), founded in 2018, is a hybrid PoW/PoS blockchain that added staking via the 2022 Hydra upgrade, enhancing security and developer flexibility. OrcaMind.AI has announced a partnership with Conflux Network to drive the next generation of decentralized payments. By combining Conflux’s layer-1 blockchain, known for transforming stablecoin and payment infrastructure, with OrcaMind’s AI capabilities, the collaboration aims to enable seamless consumer payments and unlock new use cases in the evolving Web3 landscape.



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Talk of the town

Linea has introduced Ethereum’s largest ecosystem fund, distributing 85% of its token supply to the community—75% to developers and ecosystem growth, and 10% to early users. Managed by the Linea Consortium, a group of Ethereum-native organizations including EigenLayer, ENS, and Status, the fund reinforces Linea’s commitment to Ethereum-aligned governance and public goods. Built with full Ethereum equivalence, ETH as the gas token, and capital-efficient mechanics, Linea aims to be the most Ethereum-centric Layer 2, serving as a natural extension to Ethereum’s $100B+ staked and $25T transaction volume settlement layer.



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Bitcoin spot ETF flows





Yesterday, BTC spot ETFs saw no net flows, with both GBTC and non-GBTC funds recording zero activity for the day.



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Airdrop to watch

Hyperlane has opened pre-claims for its Q2 Expansion Rewards. Users who spent $3 or more on bridging fees through Hyperlane or any project using its infrastructure may be eligible. To participate, users must register within the next two weeks at the official claim site. While expectations vary based on previous airdrops, it’s a chance for active users to receive additional rewards.



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