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Inside Bullet’s goal to compete with CEX perps

Bullet, a project on Solana, aims to establish itself as a key player in the perpetual derivatives market, a critical part of the crypto trading landscape where perps account for a significant percentage of CEX volumes. Notably, Solana's largest perp DEXs, Jupiter and Drift, only hold a small fraction of the market compared to CEX volumes. Bullet, previously known as Zeta Markets, has transitioned from order book DEX to developing a dedicated app-specific L2 rollup to enhance transaction speeds beyond Solana's limitations. This custom architecture can process transactions in 1.2ms with zk proofs for verifiability, positioning Bullet favorably in comparison to competitors. Additionally, Bullet's advanced sequencer offers cancel prioritization to address trader needs during volatility, a feature highlighted as a weakness in Zeta’s previous operations. By eliminating bridging in the future, Bullet seeks to capture a larger share of the perp market and respond to traders' demands for reliability in execution and transaction management.

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Bitcoin bulls are back: Here’s what is needed for a rally to $120K

Bitcoin has regained the $114,000 mark, recovering from previous losses despite significant outflows from spot Bitcoin exchange-traded funds (ETFs), which totaled around $900 million last week. This raises concerns about the sustainability of the rally, especially as the majority of the moved coins showed profit-taking. Key upcoming events may

SEC Tells Issuers to Pull 19b-4s; ETFs Could Be Approved ‘Absurdly Fast’

The U.S. Securities and Exchange Commission (SEC) has requested crypto exchange-traded fund (ETF) issuers to withdraw their 19b-4 filings, facilitating a quicker approval process following a recent rule change. This new regulation allows exchanges to list certain commodity-based crypto ETFs without requiring individual SEC reviews, significantly reducing regulatory obstacles.

Trillions Meme Coin Surges to $60 Million Market Cap on Stablecoin Network Plasma

The Trillions meme coin, deployed on the stablecoin network Plasma, reached a market cap of $60 million shortly after the network's mainnet beta launch. The project, capitalizing on a meme predicting the total stablecoin market cap will reach trillions, soared following the network's heightened visibility. Despite

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