What happened to Friday? 

A precision hit happened. Speculations about a $90M USDe dump exposed a flaw in Binance, targeting billions in liquidations, and left many traders bruised.

If you took a hit, breathe. This one wasn’t on you. You stuck to the alpha plays, and it isn't on you. 

We’ve picked the best posts detailing what really happened, and you might just get some closure with well researched perspectives. 

Still, amid the noise, a few stories cut through. Few teks scaled. 

Welcome to Edition 3 of The Current State of the Market

Look what we have on the spotlight this week:

1. Orderly Network rolled out v1.3.2, adding smoother UX. 

1. Gelato’s Paymaster and Bundler went live on Mantle. 

Data Availability Providers 

Orderly Network just rolled out its v1.3.2 upgrade. The update introduced new tools and stronger security, enabling users to graduate directly via Base and Progressive Web App (PWA) support, so users can now install their DEX as a standalone app. 

Also, Orderly now powers Aegis’ perps, strengthening both ecosystems under a unified exchange layer.

Plume acquired Dinero, ETH’s liquid staking protocol. 

Avail now powers unified balances on HyperliquidX and HyperEvm. Pay gas in stables and see all assets in one balance, with less bridging. 

ZK 

If you're big on ZK-powered apps, this is a must-listen, where Alex walks through the zkSync’s Atlas Upgrade, why it matters, and who benefits. 

SolvBTC by Solv Protocol is now live on Starknet, officially expanding Bitcoin’s footprint in the ZK world. 

Stablecoins

There's definitely more with Bitcoin. The first stablecoin fully backed by BTC is now live on Starknet, with Uncap. 

Chain Abstraction 

Gelato’s Paymaster and Bundler is now live on Mantle, bringing full account abstraction tooling to builders. The integration also supports 7702-ready smart wallets, meaning apps can tap into the latest Ethereum account abstraction standard out of the box. 

DeFi 

Hyperliquid now powers perps on Metamask. 

Monad airdrop claims to go live on Tuesday, 14th.

Who Burned the Green Candles? 

Friday caught many off guard with a wave of liquidations. We’ve handpicked the best breakdowns that unpack what really happened. 

Stacy provides a based take + how to stay positioned for the recovery. 

Kobeissi Letter has published a detailed analysis of the event.

As we rightly put, breathe this out, the event isn't on you.

Wrapping Up, 

Friday reminded everyone how fragile this market can feel, and you don't have to do anything wrong to be a victim. We're all here. 

While you sit back to plan the recovery, stay informed on where the next big things are. 

Till the next Edition, 

Moduverse.