PANews reported on June 25 that Solana's ecological re-staking protocol Fragmetric officially announced the launch of the FRAG token and the establishment of the Fragmetric Foundation, aiming to accelerate the development of Solana's ecological decentralization and liquidity re-staking platform. The FRAG-22 standard has achieved seamless access to Jito (Re)staking for a variety of LST assets, and has reached exclusive cooperation with node consensus networks such as Switchboard and Ping Network. FRAG tokens will empower community governance, and the first round of airdrops will account for 10% of the total, covering early users, cooperative DeFi protocol participants and community members.


Bitcoin’s market cycles may stretch longer as ISM manufacturing data remains weak, hinting at extended macro headwinds and slower business recovery. The Institute for Supply Management’s (ISM) Manufacturing Purchasing Managers’ Index (PMI) has historically aligned with major peaks in Bitcoin’s market cycles — a pattern that, if repeated, could imply a longer-than-usual cycle this time around.The correlation between the ISM PMI and Bitcoin’s (BTC) price was first popularized by Real Vision’s Raoul Pal and has since gained traction among macro-focused crypto analysts.“All 3 past Bitcoin cycle tops have broadly aligned with this monthly, oscillating index,” analyst Colin Talks Crypto noted, referencing the recurring overlap between Bitcoin’s market highs and the PMI’s cyclical peaks.Read more
