WLFI advisor Ogle is the actual top holder of PONS, holding 15.28 million PONS at an average price of $0.1.
According to EmberCN's monitoring, WLFI advisor ogle's PONS holdings are not the 10.96 million units shown on FOMO, but 15.28 million units valued at $13.92 million. He also holds 4.32 million PONS in another address, worth $3.86 million. Ogle is actually the top PONS whale, having accumulated a total of 15.28 million PONS at an average price of $0.1 per unit, with an unrealized profit of $13.77 million, marking an 87x gain. The relevant addresses are: 0x1Bcc5f67CD17e13770F199fA03bC043b0cde1143; 0x825F23921dCFf36944d8B0b0CA23ac7D05fB86cB
5 minutes ago
OpenAI Simultaneously Recruits Schumer’s Daughter and Veteran Republican Operative to Focus on U.S. State AI Policies
From Beating AI Express News: OpenAI has appointed three new state-level policy heads, with Jessica Schumer drawing the most attention. She is the daughter of US Senate Minority Leader Chuck Schumer, previously served as chief of staff at the Obama administration’s Council of Economic Advisers, and later led Amazon’s public policy work in New York. At OpenAI, she will oversee policy and partnerships in the US Northeast. Another new hire, Caulder Harvill-Childs, previously worked in public policy at Meta and also served Republican Georgia House Speaker Jon Burns; he will now be responsible for the US Southeast. Thomas MacLellan will handle state-level cybersecurity policy, with prior experience at firms including Palo Alto Networks, Symantec, and FireEye. OpenAI is shifting more focus to US states, a strategy it terms "reverse federalism": instead of waiting for Congress to enact uniform legislation, it is pushing major states like California and New York to adopt similar AI rules, eventually forming de facto national standards. OpenAI publicly noted that California, New York, and Illinois have already started aligning on frontier AI safety rules.
5 minutes ago
StonkFun completes a $1 million buyback of STONK tokens; its platform token STONK surpasses $100 million in market cap today.
Solana-based token launch platform StonkFun announced it has completed a $1 million STONK token buyback, while over $7.5 million in rewards have been distributed to holders in the StonkFun ecosystem. StonkFun also announced it has launched on Raydium LaunchLab. Going forward, all new StonkFun token deployments will be initiated via LaunchLab to lower deployment costs, reduce sniper risks, and enable automatic liquidity compounding after binding is completed. According to GMGN market data, StonkFun’s platform token STONK surpassed $100 million in market cap today, currently trading at $92 million, with a 256% 24-hour gain and $30.4 million in trading volume over the same period. BlockBeats reminds users that related token prices are highly volatile, so investors should exercise caution.
5 minutes ago
Word has it that the first checkpoint of Google's new Pro model has emerged, with a possible public release in October.
Beating AI Express News: Leaker Lyra claims Google’s next Pro model already has its first checkpoint (a saved model state version from training) and is set to be unveiled in October. Lyra also predicts a new Flash-Lite launch in September, alongside an update to Nano Banana 2 Lite. The final name for the new Pro model remains unconfirmed; some community members speculate it could be Gemini 4 Pro, while others believe it may be another Pro variant.
5 minutes ago
Leading DeFi researcher questions Ethereum’s Layer 2 strategy: Robinhood’s revenue has surged, yet Layer 1 settlement layer revenue remains low—Is this a problem?
Renowned DeFi researcher Ignas points out that Robinhood’s Layer 2 (L2) network paid just around $722 to its underlying base layer yesterday, while Robinhood itself posted a record $6 million in fee revenue that same day—roughly 10% of which went to Arbitrum, with nearly negligible amounts reaching Ethereum’s Layer 1 (L1). Against this backdrop, Ignas questions: Is this structure, where platforms rake in massive profits while the settlement layer gets almost nothing, actually a problem for Ethereum? Ethereum may currently be using low fees to onboard TradFi players into its ecosystem, planning to raise revenue shares once user migration costs become sufficiently high. If Ethereum’s official roadmap does include a strategy of first attracting a large number of L2s, then monetizing on L1 after switching costs rise, this could be positive for ETH—but such an approach is not visible in Ethereum’s current roadmap.
5 minutes ago
Base-based meme coin Basecat hits a market cap of $83 million, reaching an all-time high.
According to GMGN market data, the meme coin Basecat on the Base blockchain hit a market cap of $83 million, an all-time high. It rose around 38% in 24 hours, with trading volume of $7.6 million over the same period. Coinbase previously launched spot trading for BASECAT. Basecat is a well-recognized cat-themed meme in the Base ecosystem, and has regained capital attention as sentiment around multi-chain memes warms. BlockBeats reminds users: Most meme coins have no practical use cases and are highly volatile. Please protect your assets and avoid FOMO.
According to HTX market data, ARB leads the altcoin gainers, surging 48.8% in a single day to trade at $0.197. ARB’s rally is primarily driven by the boom in on-chain activity on Robinhood. Built on the Arbitrum tech stack, Robinhood Chain’s 24-hour DEX trading volume exceeded $1.89 billion last night, surpassing Solana and BNB Chain to top the public chain rankings for the first time. Per their partnership licensing agreement, Robinhood Chain is required to return 10% of the protocol’s net revenue to the Arbitrum ecosystem: 8% goes to the Arbitrum DAO treasury, and 2% to the Arbitrum Developer Guild. SUSHI rose over 40% in 24 hours, breaking through $0.267, with its rally also fueled by the booming on-chain activity on Robinhood. SushiSwap has integrated its DEX and launchpad onto Robinhood Chain. Sushi Launch launched at the end of July, allowing new tokens to pair with tokenized stocks and gain immediate access to Sushi V3 pools upon listing. Around September 4, SushiSwap Launch V2 went live, enabling the SUSHI token to act as the quote asset on the launchpad.
Serenity: If Celestial lists independently, its valuation could reach $6 billion to $10 billion thanks to the potential of its CPO business.
Serenity posted on social media that if Celestial (which has since been acquired by Marvell) had remained an independent company and listed in the U.S. market at the time, its valuation could have reached $6 billion to $10 billion. Serenity noted that Celestial had previously projected its revenue would hit $5 billion in 2028 (annualized based on the fourth quarter) and climb to $10 billion in 2029, adding that the firm is a core participant in co-packaged optics (CPO) projects for hyperscale cloud providers. By comparison, Celestial’s revenue in the second quarter of 2026 was nearly zero. Marvell has stated that the unit’s revenue and profit contribution post-acquisition was “not material”, with a quarterly loss of roughly $12.5 million, translating to an annualized loss of about $50 million. Serenity argued that judging Celestial solely by its current quarter price-to-sales (P/S) ratio and $12.5 million quarterly loss could label it a “worthless meme stock”; however, factoring in its qualification cycle and potential hyperscale cloud CPO project opportunities in 2028, its fair valuation should range from $6 billion to $10 billion. Serenity further pointed out that how to evaluate hard tech companies still in the early stages of customer qualification and commercialization highlights a core divergence between U.S. and European markets and cultures. It holds that for such firms, future revenue potential from large-scale commercialization and progress in customer qualification are far more worthy of attention than current quarterly revenue and losses.
10 minutes ago
Claude Quota Mysteriously Drained? Hackers Begin Stealing Login Sessions, Even 2FA Can’t Stop Them
Beating AI News: Anthropic is sending security alerts to select Claude users after the company discovered hackers stealing Claude login sessions from malware-infected devices to access accounts and deplete user quotas. Users on Reddit have already shared screenshots of the alert emails they received. Unlike stolen passwords, the compromised assets are already-authenticated browser sessions, which let attackers impersonate users directly without re-entering passwords or completing two-factor authentication (2FA). One affected user noted they logged in via Google and had 2FA enabled, yet their browser cookies and session IDs were still stolen together. Anthropic named several information-stealing trojans in the email, including Windows-based Vidar, LummaC2, StealC, RedLine, Acreed, and Mac-based Atomic Stealer (AMOS). These are all malware designed to steal browser cookies, passwords, and other data, not security flaws in Claude itself. The user added they had previously downloaded pirated software, which likely led to the infection. Anthropic said it has terminated detected suspicious login sessions, removed saved payment methods from affected accounts, and resolved related unauthorized charges. The company also emphasized that changing passwords alone will not fix the issue—if malware on the device is not removed, newly generated login sessions may still be stolen.
10 minutes ago
The Trump administration has frequently intervened in financial markets, and the European Central Bank (ECB) fears this "claw" could extend to the Federal Reserve.
ECB officials have recently grown increasingly concerned over the US government’s frequent interventions in foreign exchange and Treasury markets. Sources familiar with the matter said that during last week’s Jackson Hole Symposium, Federal Reserve officials proactively reached out to reassure their European counterparts, committing to upholding existing international cooperation arrangements. However, given the Fed’s institutional independence from the US administration, Fed officials cannot guarantee that the Trump administration will not abruptly reverse course. European officials are particularly focused on recent financial market operations by the US Treasury. On August 1, the US Treasury intervened in FX markets by selling euros and buying yen, and European sides expressed dissatisfaction over the US failure to provide advance notice of such operations as is customary. Additionally, US Treasury Secretary Bessent’s recent expansion of long-term Treasury repurchase operations has also sparked European officials’ concerns over the growing blurring of lines between fiscal, exchange rate and monetary policies. European officials further warned that if the US administration continues to deploy financial tools for economic and trade goals, markets could start questioning the Fed’s policy independence and the stability of the US dollar swap lines. There are also worries that the US government may further pressure the Fed to directly intervene in Treasury markets in the future. No signs have emerged that the dollar swap arrangements will change. New Fed Chair Kevin Warsh has recently stepped up communication with European policymakers, and his performance in international financial cooperation has drawn relatively positive feedback from European officials.
10 minutes ago
China’s Ministry of Industry and Information Technology (MIIT) supports the rollout of AI applications: FDE on-site presence, token purchases, and computing power voucher issuances.
Beating AI Express (Insight): China’s Ministry of Industry and Information Technology (MIIT) has launched a special initiative to cultivate AI application service providers. Local governments are encouraged to leverage measures such as first-purchase and first-use policies, and risk compensation to boost procurement of large models, intelligent agents, and Token services, while using tools like "computing power vouchers" to cut computing costs. The MIIT will also build a national resource pool for AI application service providers, targeting over 2,000 such providers by the end of 2026 and no fewer than 3,000 by the end of 2027. These providers mainly assist enterprises in rolling out AI projects, with services covering pre-consultation, solution design, system development, integration and delivery, as well as post-launch operation and maintenance and security governance. The policy also specifically highlights FDE (Field Deployment Engineers), encouraging service providers to form FDE teams to work directly at user sites to resolve project implementation challenges. Local authorities will also open real business scenarios, organize supply-demand matching, and convert high-frequency, essential business needs into standardized AI products that can be delivered repeatedly.
10 minutes ago
Bybit launches PONS perpetual contracts today.
Bybit today adds the new Pons (PONSUSDT) perpetual contract, supporting up to 20x leverage.
10 minutes ago
OpenAI rolls out results-based pricing: Some major clients only pay when the AI delivers actual results.
Beating AI News reports that OpenAI has in recent months introduced a new payment model to some of its large enterprise clients: customers only pay once AI has fully completed their tasks. The Information notes that use cases already implemented include customer service. Businesses can pay based on the actual customer service tasks AI completes, rather than being billed solely by tokens, API calls, or seat counts. OpenAI has not disclosed specific client names, pricing details, or the criteria for defining "task completion," and declined to comment on the matter. This is not a new package OpenAI is rolling out for all enterprises; the official public pricing for its Enterprise plan remains primarily based on usage quotas and tokens, so this "pay-per-result" model appears to be custom contracts negotiated exclusively with select large clients. OpenAI has long signaled this direction: in January this year, CFO Sarah Friar stated that AI business models would shift toward pay-per-result in the future, and in July, OpenAI further noted that rather than focusing on token unit prices, the industry should prioritize the total cost for AI to complete a task. This approach has now been incorporated into actual contracts.
According to HTX market data, Base ecosystem token BNKR plunged around 18% in a single day, with its market capitalization falling to $25 million. In related development, Bankr founder deployer stated today that token launch platform Pools.fun will roll out its official protocol token. The platform’s plan allocates 30% of all protocol fees to buybacks and burns, alongside planned airdrops and a points system—where both users’ trading volume and volume from tokens they deploy on the platform will be factored in. Pools.fun is a token launch platform jointly launched by Bankr and Sushi, built to compete against Uniswap’s pools.trade on the Robinhood chain.
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Bitcoin falls below $63,000, with a 1.03% drop in the past 24 hours.
According to HTX market data, Bitcoin has dropped below $63,000, with a 24-hour decline of 1.03%.
15 minutes ago
CFTC releases agenda for first meeting of its Innovation Advisory Committee, focusing on regulation of crypto assets, AI, and prediction markets.
U.S. Commodity Futures Trading Commission (CFTC) Chairman Michael S. Selig has released the agenda for the inaugural meeting of the Innovation Advisory Committee (IAC). The meeting is scheduled to be held in Washington on Thursday, August 20, and will focus on topics including crypto asset regulation, artificial intelligence, and prediction markets. Selig said: "The United States has long been a global hub for financial innovation. I look forward to meeting with entrepreneurs, thinkers, and builders of the CFTC Innovation Advisory Committee to explore how emerging technologies and financial products can shape our markets in the new financial frontier." The public may submit relevant comments by August 27, and all received submissions will be published publicly. The meeting agenda may be adjusted based on other priorities of the IAC; the full agenda is available on the CFTC’s official website. The CFTC also emphasized that the views and opinions expressed by the advisory committee represent only the committee itself and do not reflect the positions of the CFTC, its staff, or the U.S. government.
15 minutes ago
Databricks closes $5 billion strategic funding round, led by Coatue, with participation from Blackstone, MGX, and T. Rowe Price.
AI data platform Databricks announced it has closed a $5 billion strategic funding round at a $190 billion post-money valuation. The term sheet published on July 16 had set a $188 billion valuation, with the final figure rising due to an expanded funding size and additional share issuance. The round was led by existing shareholder Coatue, with participation from Blackstone, MGX, and T. Rowe Price, while Sixth Street Growth joined as a new investor. The company’s annualized revenue run rate has exceeded $7 billion, growing over 80% year-over-year. Co-founder and CEO Ali Ghodsi stated that, per the industry definition used before 2022, AGI has arrived—with the real bottleneck now shifting to enterprise context, AI token costs, and agent infrastructure. The new capital will be allocated to three core areas: Unity AI Gateway (for cross-model routing and spend control), Lakebase (a serverless Postgres database whose revenue run rate has already topped $100 million), and Genie (which provides AI with access to enterprise context). Ghodsi also revealed that the company’s likelihood of going public before Anthropic or OpenAI is "very low". He had repeatedly denied summer funding rumors earlier, and the final decision to raise capital was based on factors including the cost of expanding its AI business and increasing investment in hiring and mergers and acquisitions.
15 minutes ago
Stock-linked Meme token UTILITY surges sharply, breaking through a $10 million market cap, with its 24-hour trading volume hitting $17.48 million.
According to GMGN data, Binance Wallet’s stock-themed meme token UTILITY rallied sharply today, surging past $10 million in market cap with a 24-hour trading volume of $17.48 million, before pulling back to $7.5 million at press time. As early as January 30, CZ (Binance CEO Changpeng Zhao) posted that GameStop (GME) should issue a utility token on the blockchain, preferably on BSC (Binance Smart Chain). Today, bStocks’ official account reposted CZ’s old tweet and announced that GMEB, the tokenized GameStop stock on bStocks, is now tradable on the platform. BlockBeats notes that UTILITY’s trading pair is UTILITY/GMEB, not the typical BNB or USDT liquidity pair. This falls under the current popular “stock meme” trend on BSC, using bStocks’ US stock token (GMEB) as the liquidity pool, centered on the classic narrative of GameStop’s retail investors vs. Wall Street and meme stocks. BlockBeats reminds users that most meme coins lack real use cases, are highly volatile, and investors should exercise caution.
15 minutes ago
Advisor to Iran's Supreme Leader: Conflict May Escalate If Conditions Are Not Met
Advisor to Iran’s Supreme Leader Muheber stated that if Iran’s proposed conditions are not met, the Supreme Leader has clearly made a strategic decision to respond by escalating conflicts. Muheber added that the current situation has proven the United States’ inability to protect its allies in the Persian Gulf. The most sustainable path to establishing a new regional order lies in promoting the implementation of the "Hormuz Economic Security Mechanism" to reduce reliance on U.S. military guarantees. (Xinhua News Agency)
15 minutes ago
Ethereum Foundation abandons the Poseidon hash algorithm, shifting to SHA-2 or BLAKE2 to advance its post-quantum cryptography roadmap.
Ethereum Foundation core researcher Justin Drake announced in a post that Ethereum Layer 1 (L1) will abandon Poseidon, the SNARK-friendly hash function that has been dominant since 2019, in favor of traditional hash functions such as SHA2 or BLAKE2s.
This reversal stems from a breakthrough in SNARK design, centered on "hash-friendly SNARKs" rather than the prior approach of "SNARK-friendly hashes". By natively aligning Boolean operations in traditional hashes with binary fields, proof performance for traditional hash calls in SNARKs has reached 1 million per second, with overhead of just around 100x—a stark contrast to the previously extremely expensive operations in large prime fields.
Drake dubbed this "science-fiction-level cryptography" and named contributors to key research breakthroughs including Binius and Flock. The shift will push Ethereum’s hash-based cryptography to the peak of minimal assumptions, while drastically accelerating deployment: there is no need to wait for years of cryptanalysis maturity for Poseidon. The Ethereum Foundation’s (EF) post-quantum team is advancing rapidly, with a roadmap targeting a production-grade leanVM in 2027, and deployment of the consensus, execution, and data layers in 2028.
Drake also noted that AI’s enhanced cryptanalysis capabilities have recently dealt successive setbacks to lattice-based schemes (HAWK) and isogeny-based schemes (SQIsign), while hash-based schemes are emerging as the leading candidates for post-quantum signatures in blockchains. The trend of open-source automated research is also accelerating; SNARK.fast has achieved 1.8 million BLAKE3 proofs per second.
Analysis: The proportion of short-term Bitcoin holders continues to decline, suggesting the market may be approaching the end of the bear market.
CryptoQuant analyst Darkfost published a note stating that the number of short-term holders (STH) in the Bitcoin market is declining, a positive signal. Currently, the share of BTC supply held by STH has dropped significantly: 1.2% is held for less than 1 day, 2% for 1 day to 1 week, 5.6% for 1 week to 1 month, 6.7% for 1 to 3 months, and 8.1% for 3 to 6 months. Darkfost pointed out that this trend has occurred at the end of every previous bear market. On one hand, this means the proportion of long-term holders (LTH) is increasing. Compared to STH, who are active and more sensitive to market fluctuations, BTC held by LTH is less likely to be transferred. On the other hand, the decline in STH proportion also indicates that market demand has not yet returned. Every BTC purchase creates a new STH UTXO; when market demand is strong, the STH-held supply share rises rapidly, often peaking near market tops. Darkfost believes the market is approaching a "negative extreme" state, where market attention and demand remain at low levels while the number of STH continues to decrease, which is typically a positive signal.
8 minutes ago
CryptoQuant Founder: Bitcoin futures leverage remains elevated, with ETFs and DAT serving as the primary structural buying forces.
CryptoQuant founder Ki Young Ju stated in a post that Bitcoin OG traders have just experienced the most profitable cycle in history. Unlike previous cycles, crypto exchange traders were not the main exit liquidity this time—ETFs and digital asset reserve firms (DAT) served as the primary buyers. This structural buying pushed Binance traders’ unrealized profits to nearly three times the level seen at the 2021 cycle peak. He noted that Bitcoin’s current price range is similar to that two years ago, and the market is in a deleveraging phase. A large amount of unrealized profits accumulated in this cycle flowed into futures leverage; as traders took profits, BTC’s price is now stable near Binance traders’ average cost basis. Ki Young Ju also pointed out that on-chain market leverage (BTC/USDT futures open interest divided by USDT reserves) once exceeded 0.5, and is now around 0.3—still higher than the level before the ETF launch. If ETF inflows continue, futures leverage is expected to rise again. He further recalled that in 2023, OG whales bought heavily when BTC was near $16,000. The buyer/seller ratio shows that a large number of market long positions were built right around the cycle bottom.
8 minutes ago
Binance to launch 6 perpetual contracts for traditional financial assets, with up to 20x leverage.
Binance is set to launch six USDT-denominated perpetual contracts for traditional financial assets on August 14, with underlying assets covering Hong Kong-listed stocks, South Korean-listed equities, and South Korea’s KODEX 200 ETF. The included assets are: CICT (3308.HK), Samsung Electro-Mechanics (009150.KS), Hanmi Semiconductor (042700.KS), LG Electronics (066570.KS), NAVER (035420.KS), and KODEX 200 ETF (069500.KS). The CICT USDT perpetual contract will go live at 10:00 AM Beijing Time on August 14, with the remaining five contracts launching at 5-minute intervals afterward. All contracts support up to 20x leverage, have funding rates settled every 8 hours, feature upper and lower limits of ±2%, and are compatible with multi-asset mode.
8 minutes ago
Duan Yongping: Willing to hold positions in Moutai and enter a 100 million RMB bet with any domestic fund, following Buffett’s decade-long bet.
Chinese entrepreneur Duan Yongping announced on social media that he is willing to hold Moutai shares and any domestic fund, entering into a 10-year, 100 million RMB bet modeled after Warren Buffett’s iconic bet. Duan stated: "The premise is that we agree in advance that the charity the winner donates to is recognized by the other party. I will donate to BBK Experimental School. There are too many details to sort out. Unless a highly credible institution steps in to facilitate this. If both sides consent, we can donate the money upfront, and the loser will pay the other party after 10 years."
8 minutes ago
Huobi HTX has launched its 13th anniversary event titled "Resilience Sees the Future", with a million-dollar prize pool activated simultaneously.
According to an official announcement, to mark Huobi HTX’s 13th anniversary, the platform will launch the "13th Anniversary Carnival Month – Resilience for the Future" event from 13:13 on August 13 to 13:13 on September 13 (UTC+8), inviting global users to join growth challenges. During the event, users can light up the Future Gem by completing designated tasks and unlock tiered anniversary benefits. Grand prizes include a 2,000 USDT Future Exploration Fund, a flight and accommodation package for Singapore’s TOKEN2049, and high-end limited-edition 13th anniversary gifts, among others. Additionally, Huobi HTX has launched a concurrent referral event with a million-dollar prize pool, covering trading scenarios including spot, derivatives, and margin. Users who complete designated tasks are eligible to participate in the reward split.
8 minutes ago
Lenovo's CEO announced that in collaboration with NVIDIA, the company plans to launch AI PCs equipped with RTX chips later this year.
Lenovo's CEO stated that the company will partner with NVIDIA (NVDA.O) to launch AI PCs equipped with RTX chips later this year. (Jinshi)
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
The SushiSwap community has released a "SUSHI Token Economic Restructuring" proposal. Key measures outlined in the proposal include: building a strategic reserve via weekly SUSHI purchases; allocating remaining protocol revenue to Sushi Ops to support growth and operations; and transferring part of the protocol’s deployed liquidity to active trading markets on Robinhood Chain, starting with the ETH–USDG trading pair.
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Whale 0x2d59 buys 50,000 $ETH ($93.6M) in 2 hours, stakes it after 40,000 $ETH purchase last week
Whale 0x2d59, who bought 40,000 $ETH ($76.66M) a week ago, bought another 50,000 $ETH ($93.6M) 2 hours ago and staked it.
21 minutes ago
Goldman Sachs expects July CPI to come in slightly lower than expected, though the rebound in oil prices will prevent markets from fully easing.
Goldman Sachs' economic team forecasts July's core CPI will rise 0.19% month-over-month, slightly below the market consensus of 0.2%, with a year-over-year growth rate of 2.47%—also lower than the consensus expectation of 2.5%. For nominal CPI, Goldman projects a mere 0.05% month-over-month increase, below the market forecast of 0.1%, mainly reflecting the impact of earlier energy price declines. However, inflation risks have not fully dissipated. The bank notes its core CPI forecast corresponds to a 0.26% month-over-month rise in July’s core PCE, with components like portfolio management likely driving a larger gain. Looking ahead to the coming months, Goldman expects core CPI monthly gains to hover around 0.2%, housing inflation will continue to cool, the contribution of tariff-related price hikes will fall, and the pressure from jet fuel prices that previously lifted airfares will ease. July’s U.S. CPI is set to release at 20:30 Beijing time on August 12, with markets awaiting the data to chart the next move for U.S. Treasury yields and tech stock rotation. Ahead of the release, the 10-year U.S. Treasury yield returned to near 4.70%, while oil prices climbed back above $87. Goldman warns that if oil market disruptions and price rises persist longer than expected, inflation risks will tilt to the upside.
21 minutes ago
SK Hynix will resume investment in its NAND flash memory production line in Dalian, China, with production capacity expected to increase by 50%.
According to South Korean media Maeil Economic Daily, Solidigm, the NAND flash subsidiary of SK Hynix, plans to resume construction of the second phase of its NAND flash production base in Dalian, China. Equipment installation is expected to begin in November this year, with formal production set to launch in the first half of next year. The Dalian Phase II project had been stalled for a long time due to factors including the sluggish NAND market, inventory adjustments, and U.S. restrictions on semiconductor equipment exports to China. Driven by the expansion of AI data centers, demand for enterprise-grade solid-state drives (eSSDs) has grown, prompting SK Hynix to resume investment to expand NAND production capacity. The current monthly production capacity of Dalian Phase I is approximately 100,000 wafers; upon completion of Phase II, an additional monthly capacity of around 50,000 wafers is expected, boosting overall production capacity by about 50%. SK Hynix plans to adopt a "dual-track production" strategy: manufacturing mature-process NAND at its Dalian facility, while concentrating high-end NAND production at its M17 plant in Cheongju, South Korea.
21 minutes ago
Alameda Wallet has earned approximately $2.83 million in profits from staking SOL over five years, pushing its holdings value to $15.27 million.
According to monitoring by Onchain Lens, a wallet linked to Alameda Research’s bankruptcy proceedings has un-staked 201,740 SOL after nearly five years of staking, with the holdings now valued at around $15.27 million. FTX and Alameda-related addresses have previously seen repeated SOL un-staking and transfer activities, and the market has been closely tracking their asset disposal progress. Data indicates the position initially held 164,380 SOL, earning approximately 37,360 SOL in staking rewards over the period. The position’s current value stands at roughly $2.83 million. Calculated based on the initial investment, the SOL stake was worth about $352,000, and its value has now surged to approximately $15.27 million.
21 minutes ago
Binance will add GLMR, ICX, MOVR, RARE, and SOPH to its monitoring tag list
According to official announcements, Binance will add "Monitoring Tags" to Moonbeam (GLMR), ICON (ICX), Moonriver (MOVR), SuperRare (RARE), and Sophon (SOPH) starting August 11, 2026. The exchange stated that tokens with these tags carry higher volatility and risk compared to other listed tokens, adding that it will closely monitor these projects and conduct regular reviews. Tagged tokens face the risk of failing to meet Binance’s listing standards and potentially being delisted in the future. Binance noted that factors including the project team’s level of commitment, quality of development activities, trading volume and liquidity, network and smart contract security, community communication, changes in token supply, and presence of any misconduct will serve as the basis for subsequent evaluations. This adjustment will not affect other services related to the aforementioned tokens.
21 minutes ago
WTI原油日内涨幅扩大至2.5%
According to Bitget's market data, WTI crude oil rose 2.5% intraday to hit $84.21 per barrel. Brent crude oil broke through the $90 per barrel threshold, with an intraday gain of 2.4%.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Last night, leading decentralized exchange (DEX) protocol Uniswap announced the official launch of its own launchpad pools.trade on the Robinhood Chain. According to Hayden Adams, the platform had already gained massive traction in the crypto community ahead of its official release, enabling token issuance and trading via on-chain contract interactions, with cumulative trading volume exceeding $150 million. Meanwhile, Uniswap’s move has impacted the interests of existing launchpad players. Multiple industry figures, including Bankr founder (@0xDeployer), have expressed dissatisfaction with what they term Uniswap’s "monopolistic" behavior. Additionally, pons, a previously viral token launch platform on Robinhood Chain, has seen its token market cap decline for multiple consecutive days following pools.trade’s launch, dropping from a peak of $67 million to below $20 million. Almost concurrent with pools.trade’s launch, Bankr’s founder and Sushi’s founder engaged in "close interactions", hinting at deep collaboration in the launchpad space to co-build pools.fun. Some analysts believe Bankr will migrate its existing Robinhood Chain launch process from Doppler/Uniswap v4 to Sushi’s launch framework, while retaining its distribution layer. BlockBeats notes that the current launchpad war on Robinhood Chain has entered a white-hot phase, but market consensus holds that the current environment lacks neither launch platforms nor liquidity; what is missing are narratives and innovations that can truly trigger user FOMO.
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After AMD released its quarterly results, institutional analysts had mixed reactions, with Mizuho cutting its price target.
After AMD released its quarterly results, institutional analysts remain broadly constructive overall. Though elevated expectations led to a mixed market reaction, the analysts’ consensus is that AMD’s AI and data center growth narrative remains intact. Wells Fargo issued the most optimistic update, raising its price target from $615 to $700, and believes earnings could significantly exceed its prior estimate of $20 per share for 2029–2030. Jefferies raised its price target to $650 and maintained a Buy rating, stating that while the results failed to meet lofty expectations, the long-term AI thesis remains on track. Mizuho cut its price target from $625 to $580 but kept an Outperform rating, noting the quarter’s performance was solid against a challenging backdrop. JPMorgan sharply raised its price target from $385 to $550 while maintaining a Neutral rating, citing that its September quarter guidance came in slightly below expectations. Overall, analysts see significant upside potential in AMD’s expanding AI GPU and server business, with the main debate centered on whether short-term execution can keep pace with increasingly aggressive expectations.
2 minutes ago
SoftBank secures $10 billion margin loan using its OpenAI stake as collateral.
SoftBank Group has successfully secured a $10 billion margin loan using its stake in OpenAI as collateral. The two-year loan is provided by a consortium of lenders including Goldman Sachs, JPMorgan Chase, Mizuho Securities, Apollo Global Funding, and Sumitomo Mitsui Banking Corporation (SMBC). SoftBank plans to complete the fund drawdown this month.
2 minutes ago
Citigroup lowers SanDisk's target price from $2,500 to $2,100
Citigroup research report cuts SanDisk (SNDK.O) price target from $2,500 to $2,100.
2 minutes ago
X Layer DeFi's Total Value Locked (TVL) has surged past $100 million, growing nearly tenfold in half a year.
OKX Wallet announced in a Chinese post that X Layer’s DeFi total value locked (TVL) has surpassed $100 million, growing nearly tenfold over the past six months. Meanwhile, X Layer’s stablecoin issuance volume has exceeded $2 billion, ranking among the top 10 global public blockchains. Its cumulative active addresses have broken through 4.2 million, and cumulative on-chain transactions exceed 400 million. OKX Wallet noted that with continued liquidity accumulation and steady growth in its user base, its next step will be to attract more assets, applications, and users to X Layer, driving the public blockchain to support more real-world demands and further refine its ecosystem development.
2 minutes ago
Crypto exchange Bitget has signed a cooperation agreement with the Gelephu Mindfulness City Authority, with plans to establish an office in Bhutan.
Crypto exchange Bitget has recently signed a cooperation agreement with Bhutan’s Gelephu Mindfulness City Authority (GMCA). Under the terms of the deal, Bitget will establish a legal entity in Gelephu Mindfulness City (GMC), prepare applications for relevant financial service licenses under the regulatory framework of the Gelephu Financial Services Office (GFSO), and collaborate with GMCA on operational, regulatory, and ecosystem development workflows. Per the plan, Bitget will also gradually set up local offices and carry out local recruitment, supporting local talent cultivation and long-term development. As a special administrative zone in southern Bhutan, GMC is being built into a next-generation international financial and innovation hub, with its virtual asset regime governed by the Financial Services Act 2025. Jigdrel Singay, a director of the GMC Board, noted that bringing in partners like Bitget will help introduce global expertise while advancing local capabilities and the broader financial ecosystem.
2 minutes ago
ETF issuer Roundhill will launch an optical module stock ETF tomorrow, covering LITE and the A-share stock nicknamed "Yi Zhongtian".
Renowned investment management firm Roundhill will launch an optical module stock ETF tomorrow. According to its official website, the ETF is named LYTE. Its major holdings include Lumentum Holdings Inc (LITE) at 15.42% and Coherent Corp (COHR) at 15.23%, while Chinese A-share companies Sunway Communication, China Information Technology, and Topband account for 14.59%, 14.22%, and 7.9% of the portfolio respectively.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
BNB Chain: Former Employee Unauthorized to Issue New Meme Tokens via Original Official Test Wallet, Legal Action Taken
BNB Chain released an official statement saying a wallet address was previously created by a former employee, who used it to issue a meme token named TST as part of video tutorials. The employee is no longer with the company. After leaving his position, he retained unauthorized access to the associated seed phrase and used it to generate new private keys. BNB Chain has now learned that the same address is being independently used for activities related to a new meme token, ASTEROID, on BNB Chain. BNB Chain did not create, authorize, promote or participate in the issuance of this token, nor does it have any control over the token or the wallet address. These matters are unrelated to BNB Chain and have not been endorsed by the platform. BNB Chain is taking legal action against the former employee and cooperating with relevant government agencies regarding the incident. Earlier reports noted that the BSC ecosystem meme token ASTEROID hit a $10 million market cap in just four hours after its launch.
6 minutes ago
Morgan Stanley: Semiconductor boom cycle far from over, cloud capital expenditure could surge to $1.3 trillion by 2027
Morgan Stanley’s latest Greater China semiconductor report, released on July 31, notes that AI semiconductors remain in a high-growth cycle, and the current market rally is expanding beyond pure GPU demand to cover advanced process technology, advanced packaging, memory, testing equipment, ASICs, and China’s AI chip industry chain. Morgan Stanley makes a very aggressive forecast: the global cloud AI semiconductor market could reach $485 billion by 2026, and further expand to around $753 billion by 2030. Meanwhile, the global semiconductor market is projected to hit $1.5 trillion by 2030, meaning AI semiconductors will account for nearly half of the total market size. Using its proprietary cloud capital expenditure (capex) tracking model, Morgan Stanley projects that the world’s top 14 listed cloud service providers may see their cloud capex reach nearly $1.3 trillion in 2027, a figure that excludes sovereign AI projects.
6 minutes ago
Analyst: The "fuel" for Bitcoin's forced selling has been exhausted, and investors should watch for signals of capital inflows into Bitcoin ETFs.
Arthur Hayes bought 3.05 million ENA and sold 6.16 million SYN.
According to Lookonchain monitoring, BitMEX founder Arthur Hayes has just sold 6.16 million SYN tokens worth $658,000 and purchased 3.05 million ENA tokens valued at $248,000.
6 minutes ago
CZ: Even hardware wallets can have vulnerabilities—there is no such thing as 100% security.
Binance founder CZ took to social media to comment on the incident where a suspected vulnerability in Coldcard wallets led to the theft of over $38 million worth of Bitcoin, stating: "Even hardware wallets can have vulnerabilities. Even long-standing wallets can have vulnerabilities. To mitigate risk, one might spread funds across multiple wallets—but that introduces another set of risks. Nothing is 100% secure."
The former SushiSwap CTO described the decentralized exchange as a side project that 'outgrew nights and weekends,' with no specs, contract, or token disclosed.
Joseph DeLong, the former SushiSwap CTO who now runs stablecoin card startup Colossus, said he will launch a decentralized exchange called Deepstate on Robinhood Chain next week.
"I have a decentralized exchange side project that outgrew nights and weekends. I'm gonna launch it next week on @robinhood chain," DeLong wrote on X on July 24, linking to a whitepaper published on GitHub.
A Fully Onchain Order BookThe whitepaper, dated June 29 and authored by DeLong, specifies a limit order book that lives entirely in smart contract storage. Each resting order is packed into a single 32-byte word — price tick, quantity, a rounding-correction code, and a time-priority nonce — and stored in a binary radix tree keyed by price and arrival order. The design offers 4.3 billion logarithmically spaced price ticks and caps the work each trade performs at the tree's fixed 64-bit depth, an attempt to keep gas costs bounded no matter how many orders rest on the book.
Fully onchain central limit order books remain rare on EVM chains because every storage read and write costs gas. Most order book exchanges match trades offchain and settle onchain, while automated market makers avoid matching altogether. DeLong's paper credits the core construction to Warp, a matching engine design that Plasma co-author Joseph Poon and Christopher Jeffrey presented at EthCC in 2023.
DeLong was SushiSwap's CTO until his resignation in December 2021, and later argued DAOs need hierarchy in an ETHDenver postmortem on his time at Sushi. He went on to found NFT lending protocol Astaria and to a senior director role at Kraken. Today he is CEO of Colossus, a startup building a stablecoin credit card network designed to bypass Visa and Mastercard.
Robinhood Chain's DEX RaceDeepstate would join a crowded field. Robinhood launched its Arbitrum-based chain's public mainnet on July 1 with Uniswap, 1inch, Arcus, and perpetuals partner Lighter live from day one, and the network has grown quickly: it overtook Base on daily active users on July 21, registering 323,969 addresses against Base's 274,520 three weeks after launch. Lighter has since made Robinhood's stock tokens eligible collateral for its perps markets.
DeLong gave no launch date beyond "next week" and did not name trading pairs, fees, or a token.
Sushi price has bounced from the $0.73 daily support, where the point of control (POC) and 0.618 Fibonacci retracement converge. This bullish reaction increases the probability of a continuation toward $0.93.
Summary
$0.73 Support Zone: Confluence of the point of control and 0.618 Fibonacci retracement. Double Bottom Potential: Two retests of support suggest a reversal structure forming. Upside Target at $0.93: Next key resistance level if support holds and volume confirms. Sushi’s (SUSHI) recent price action highlights a strong defense of a key technical zone. The $0.73 level, which combines the point of control and the golden pocket retracement at the 0.618 Fibonacci, has acted as a springboard for a bullish reaction.
From a structural standpoint, the market remains bullish on the daily timeframe, supported by a consistent pattern of higher highs and higher lows. This corrective dip is therefore considered a constructive retest, not a breakdown.
The reaction from this confluence level is particularly important. The point of control reflects the area of highest traded volume, suggesting strong market interest, while the golden pocket retracement is historically one of the most reliable continuation zones. The overlap of these two signals makes $0.73 a critical support to hold for the ongoing uptrend.
Key technical points $0.73 Support Zone: Confluence of POC and 0.618 Fibonacci retracement, currently defended by bulls. Daily Market Structure: Higher highs and higher lows intact, framing the correction as a higher low. Upside Target at $0.93: Holding support sets up a rally toward the next resistance level. SUSHIUSDT (1D) Chart, Source: TradingView From a technical perspective, the corrective move into $0.73 fits neatly into the broader bullish market structure. Each pullback has so far resulted in the establishment of higher lows, signaling continued demand. The latest bounce suggests traders are still committed to accumulating Sushi at discounted levels, increasing the likelihood of upside continuation.
Momentum indicators also support the bullish case. Price remains above its daily moving averages, and the rejection of lower levels indicates strong absorption of selling pressure. If follow-through buying emerges, a push toward $0.93 resistance becomes the most probable scenario in the near term.
The broader structure for Sushi shows potential for further bullish expansion beyond $0.93 if momentum continues to build. While short-term volatility may remain, the combination of strong support, healthy retracement levels, and consistent higher-timeframe structure keeps the outlook tilted toward the upside.
What to expect in the coming price action As long as Sushi defends the $0.73 region on daily closes, the bullish market structure remains intact. A rally toward $0.93 is the immediate projection, with the potential for further continuation if volume supports the breakout. Traders should watch for consolidation above support and increasing demand, as these will confirm the validity of the ongoing trend.
SushiSwap price has broken out of a descending triangle pattern that had kept it in a downtrend since mid-July.
Summary
SUSHI price has been on a downtrend since July. The token has invalidated a multi-month descending triangle pattern. According to data from crypto.news, Sushi (SUSHI) was trading at $0.79 up 2% in the past 24 hours and 6.3% in the past 7 days. Its market cap stood at $153 million as of press time.
Despite its weekly gains, the token remains 62% below its July high, since when bears have brought the token down to $0.70 multiple times.
A few catalysts have emerged that could support further upside for SUSHI.
First, SushiSwap has recently gone live on HyperEVM. This enables swapping HyperEVM assets via its aggregator interface, marking a deeper integration with the Hyperliquid ecosystem.
Such a move positions SUSHI at the center of a growing multi-chain liquidity network and expands its use case across more than 40 supported chains.
Another factor that could support its potential is the strong earnings recorded in Q3 of this year. Notably, earnings currently stand at $2.77 million, significantly higher than the approximately $200,000 reported in the previous quarter. A sharp increase in earnings indicates that DeFi protocols built on SushiSwap are being used more actively and that revenue efficiency has improved, a factor that could boost investor sentiment toward the token and, in turn, drive further interest.
SUSHI price targets 45% upside after invalidating a descending triangle On the daily chart, SUSHI price had formed a multi-month descending triangle pattern, a technical setup typically formed by a series of lower highs converging toward a horizontal support level, indicating sustained bearish pressure.
SUSHI price has broken out of a descending triangle pattern on the daily chart — Sep. 10 | Source: crypto.news It has invalidated the pattern today, a sign that bears are losing control and marking a bullish reversal in technical analysis. This shift in trend is further supported by a golden cross that remains in play, after the 50-day simple moving average crossed above the 200-day SMA. The last time such a crossover occurred, SUSHI rallied by as much as 120%.
Based on these bullish technicals, the path of least resistance points to a target of $1.16, a level calculated by measuring the height of the descending triangle and projecting it upward from the breakout point. This target remains nearly 47% above the current price as of press time.
However, the setup would be invalidated if SUSHI loses the $0.75 psychological support, which would open the path to further losses down to $0.70, the level marked by its 200-day moving average.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Sushi has officially launched on Berachain, bringing its swap interface and aggregator pricing to the emerging Layer-1 today (September 11, 2025). The move lets users trade Berachain-native assets directly through Sushi’s familiar UI.
Berachain is a high-performance, EVM-compatible Layer 1 built with the Cosmos SDK that uses a novel Proof-of-Liquidity (PoL) consensus mechanism, a design intended to tie chain security to deep on-chain liquidity provisioning. The project’s docs explain PoL as an evolution of classical staking models that reward active liquidity participation.
Supporting 40+ Chains On the user side, the integration is straightforward. Sushi’s Aggregator powers swaps on Berachain, aiming to find the best-price routes and provide a seamless multi-chain trading experience. Sushi now supports trading across 40+ chains, and Berachain is the newest addition. That means traders can access native Berachain tokens through the same swap flow they already use on Sushi.
Sushi’s announcement encourages users to “start swapping on Berachain via Sushi today,” and promises additional features to follow as the integration matures, a development that could help deepen liquidity on Berachain while giving Sushi users more cross-chain options. The official blog post from Sushi contains the full integration notes and links to Berachain’s docs for developers who want to learn more.
What to watch next? See how quickly liquidity and trading volume pick up on Berachain, and which Sushi features (liquidity mining, V3 pools, or cross-chain routing improvements) arrive next. For now, anyone interested can head to Sushi’s swap page to try Berachain trades.
AUTHOR
Mushumir Butt is a seasoned crypto journalist with over three years of experience reporting on the world of blockchain and cryptocurrency. At Blockchain Reporter, he delivers insightful news, in‐depth project reviews, and precise price analysis and predictions. With a strong background in SEO and digital marketing, Mushumir excels at breaking down complex trends into clear, accessible content, ensuring readers stay ahead in the fast‐paced crypto space.
Sushi is now live on Kadena, giving traders and liquidity providers a fresh place to swap, stake, and experiment. The integration lets Sushi users access v2 pools on Kadena directly through Sushi’s familiar interface, swaps, LP positions, rewards and all the usual tools are available on a new Layer 1 built around proof-of-work.
Kadena isn’t another copy of the chains we’ve seen before. Its Chainweb design braids multiple parallel PoW chains together so the network can scale without giving up the security model PoW is known for. That architecture, together with newly added EVM compatibility, means teams can deploy Solidity contracts and take advantage of parallel execution and low gas costs without reaching for Layer 2s or switching to validator-based security. Kadena also ships its own Pact smart contract language, human-readable and pitched as easier to audit. and its creators stress energy efficiency as Chainweb scales.
A New Era for Secure and Scalable DeFi Trading This summer, Kadena pushed the next chapter in that plan with a Chainweb EVM testnet that drew more than 50 projects and a $50 million grant fund to spur development. For DeFi builders and institutions looking for higher throughput without giving up PoW security, that combination is an appealing experiment.
For Sushi users, the change is practical: you can swap on Sushi’s v2 AMM on Kadena and provide liquidity to earn rewards, all through tools you already know. It’s a straightforward way to move capital into an environment that claims low fees and high throughput while keeping to a PoW security model.
The move matters because it stretches what many people assume about PoW blockchains. If Kadena delivers on its promises, sustained developer activity, real liquidity and the cost/security trade-offs it advertises, this could be an important example of DeFi running on an alternative L1 architecture. For now, Sushi’s presence simply gives traders and LPs one more place to deploy capital and see how a braided PoW approach handles the demands of modern decentralized finance.
AUTHOR
Mushumir Butt is a seasoned crypto journalist with over three years of experience reporting on the world of blockchain and cryptocurrency. At Blockchain Reporter, he delivers insightful news, in‐depth project reviews, and precise price analysis and predictions. With a strong background in SEO and digital marketing, Mushumir excels at breaking down complex trends into clear, accessible content, ensuring readers stay ahead in the fast‐paced crypto space.
PANews reported on December 1st that Sushi CEO Jared Grey announced he will step down from his leadership role (Head Chef of SushiSwap and Managing Director of Sushi Labs) to become an advisor. Synthesis, led by Alex McCurry, has made a significant capital investment in Sushi to support its long-term development and operations. Alex has also joined Sushi as Managing Director, leading the company into a new era. Grey stated, "While I will be stepping down from my leadership role, I will continue to provide strategic guidance to Alex and the team."
US-listed AI chip stocks saw mixed pre-market performance, with Qualcomm surging 13%.
According to Bitget market data, U.S. AI chip stocks posted mixed pre-market performance: Qualcomm (QCOM.O) surged 13%, Intel (INTC.O) rose nearly 6%, AMD (AMD.O) gained nearly 4%, and Google (GOOG.O) declined 1.4%.
5 minutes ago
Micron Technology surges 18% in pre-market trading on US stocks
According to Bitget market data, the US stock storage sector is seeing broad pre-market gains. Micron Technology (MU.O) jumps 18% in pre-market trading, as its strong earnings significantly exceeded expectations, with multiple major banks raising the stock’s target price. SanDisk (SNDK) rises 12.25%, Western Digital (WDC) gains 12.05%, and Seagate Technology (STX) climbs 8.63%.
5 minutes ago
SBI announced it will acquire cryptocurrency trading platform Bitbank for 46.7 billion yen.
According to Nikkei News, Japanese financial group SBI Holdings announced on the 25th that it will acquire cryptocurrency exchange platform bitbank for 46.7 billion yen (approximately $288 million). Upon completion of the transaction, SBI Group’s crypto asset custody scale is expected to exceed 1 trillion yen, making it one of the largest operators in Japan’s crypto industry. Per the plan, a subsidiary under SBI Holdings will acquire Bitbank shares from individual shareholders including its founders as early as August this year. Bitbank will then repurchase shares held by existing shareholders MIXI and Ceres by the end of October. If combining data from SBI’s own crypto exchange SBI VC Trade and Bitbank, as of April this year, the two firms had a total of around 2.92 million accounts and total custody assets of approximately 1.1 trillion yen. While different crypto exchanges disclose custody assets at varying time points, among Japan’s major industry competitors, bitFlyer held about 960 billion yen in custody assets as of the end of December 2025, and Coincheck had around 800 billion yen as of the end of March 2025.
5 minutes ago
Bithumb was fined for sharing user data overseas without consent.
South Korean regulatory authorities have ordered cryptocurrency exchange Bithumb to pay a 210 million won (approximately $136,000) fine for sharing user personal information with overseas platforms without user consent. According to an announcement released Thursday by South Korea’s Personal Information Protection Commission (PIPC), the relevant user data exposure occurred between September and November 2025. At that time, Bithumb transferred user information to overseas platforms while sharing its USDT market order book data. The PIPC also noted that when assisting users with asset transfers to 13 overseas exchanges, Bithumb failed to obtain full and sufficient user consent before sharing personal details including names, wallet addresses, and dates of birth. For the two violations, the PIPC not only imposed the fine but also ordered Bithumb to rectify its processes and management systems related to cross-border transmission of user information.
PANews reported on December 1st that Sushi announced on its X platform that Synthesis, led by Alex McCurry, has made a significant long-term strategic investment in the Sushi protocol, including the purchase of over 10 million SUSHI tokens. Alex will join and lead the SUSHI protocol team. Sushi achieved profitability in 2024, with revenue exceeding $10 million from its AMM, aggregator, and related products. With Synthesis's support, Sushi aims to expand its annual revenue to over $20 million in the coming years, focusing on robust growth, clear execution, and a sustainable business foundation.
Previously, it was reported that Jared Grey announced his resignation from his leadership position at Sushi and his transition to an advisory role, and that Sushi had received a large investment from Synthesis.
Welcome to the Sushi Monthly Recap! 🗞️🍣 This post will outline some of the major operational, technical, and community milestones reached in the past month. We've summarized all articles and announcements as well as some of the exciting things to come. Without further ado, let's dive into the highlights!
RouteProcessor9 is Live on Monad— Sushi.com (@SushiSwap) November 24, 2025 🎉 RouteProcessor9 (RP9) is officially live on Monad! See what all of the hype is about today and experience seamless swaps, competitive quotes and endless sources of liquidity, all in one place: Sushi 🍣
👉 Try out RP9 on Monad here
Sushi 🤝 Verification, Safety, TrustWe're honored to be a part of the very first App Certified cohort from @WalletConnect 🤝
We take safety seriously here at Sushi, and we're proud to display our commitment to our users' safety and experience every chance we get
Trust the apps you connect to, and swap anything on… https://t.co/K68RQ2CUaQ
— Sushi.com (@SushiSwap) November 24, 2025 🎓 We were honored last month by being selected as part of the inaugural App Certified class from WalletConnect! App Certified verifies authenticity, setting a new standard for app security and UX, allowing for users to connect confidently to all apps that were bestowed the honor.
We take our users' safety very seriously, and we will continue to do everything in our power to ensure our users stay safe at each and every turn 🤝
Aggregator Surpasses 20 BILLION Total Volume📈 The Sushi Aggregator has officially surpassed $20B in total volume!
We'd like to thank everyone that has helped us achieve this milestone - none of this would be possible without you!
👉 This is only the beginning - SWAP ANYTHING with the Sushi Aggregator today:… pic.twitter.com/bA67HTX1nE
— Sushi.com (@SushiSwap) November 13, 2025 ⛓️ The Sushi Aggregator has officially surpassed 20 BILLION dollars in total volume! This is a huge milestone, but one that we plan to crush in the coming months as more and more people catch on to the true power of the Sushi Aggregator.
👉 SWAP ANYTHING on Sushi and try out the aggregator today here
📈 Track the Sushi Aggregator's KPIs in real time here
Katana Ecosystem Review👀⚔️
"Katana closed October with another month of durable performance, showcasing why its diversified revenue architecture and near-perfect capital efficiency separate it from the broader L2 landscape."
✍️ An excellent write up on @katana from the @BlockworksAdv team! https://t.co/6hYysNgClp
— Sushi.com (@SushiSwap) November 18, 2025 ✍️ Blockworks Advisory released a comprehensive report on the Katana ecosystem a few weeks ago, highlighting Katana's diversified revenue architecture and commending their capital efficiency in today's environment. Be sure to keep an eye out for the Sushi-specific metrics in there... hint: they look pretty good 👀
📚 Read the full Katana ecosystem report here
📈 Trade on Katana today, only on Sushi, here
New KAT Strategies— INFINIT (@Infinit_Labs) November 14, 2025 👩🌾 Agentic DeFi from Infinit arrived on Katana this past month, with 2 new strategies - powered by Sushi's liquidity engine - now live to ensure users maximize their KAT earning potential. Enjoy your boosted KAT yields, without the manual work!
📚 Read more about the new strategies and Agentic DeFi here
👉 Deploy your own strategies to begin earning KAT today here
Blade Continues to Shine in First Month Live— Sushi.com (@SushiSwap) November 6, 2025 ⚔️ Blade - the brand new AMM with up to 100x concentrated liquidity, automated rebalancing and no impermanent loss - continues to shine since its release in mid-October, with more and more users realizing the asymmetric benefits of Blade pools. With TVL still climbing while the word spreads, it is a fantastic time to see what Blade offers while collecting your big yields as a reward for being curious!
Wondering how you can dive right into Blade immediately? We did a small write up on that as well to dispel any confusion:
🤔 A common question we've been seeing about Blade is how to find and interact with the new pools - we'd like to clear that up!
Blade doesn’t have a standalone UI - it’s integrated directly into Sushi as a specialized AMM pool. You interact with Blade when you trade or provide…
— Sushi.com (@SushiSwap) November 18, 2025 👉 Check out the new Blade pools here
📚 Read more about Blade and its benefits here
⚔️ Say hi to Blade, and say bye to impermanent loss ⚔️
That’s it for us this month folks! We look forward to seeing you all next month as we continue to serve up the latest news for all things Sushi! 👋
Sushi is officially live on Stellar Mainnet! As a layer-1, open-source blockchain, Stellar provides developers, innovators, and creators with the foundation to build borderless digital-asset solutions that broaden financial access and unlock real-world utility.
With Sushi V3 AMM live on Stellar, users can now trade and provide liquidity directly on the network, combining the trusted payments-focused Stellar ecosystem with Sushi’s deep DeFi expertise and multi-chain ecosystem. Cross-chain functionality is also coming to Stellar as part of the integration and is expected to be live in the coming weeks.
"Sushi going live on Stellar is a major milestone for DeFi on Stellar. Liquidity providers will benefit from increased control and efficiency. Adding an experienced DeFi platform like Sushi to the Stellar ecosystem is a powerful signal that DeFi on Stellar has arrived”, said Raja Chakravorti, Chief Business Officer at the Stellar Development Foundation.
The Stellar network is supported by a strong, globally engaged community shaped by years of ecosystem participants believing in SDF’s mission to create equitable access to the global financial system. Sushi shares that belief, and we’re excited to partner with SDF to improve the DeFi experience for all.
What is Stellar?The Stellar network, supported by SDF, provides a decentralized, public blockchain that enables:
Asset issuance and tokenizationSmart contractsConnections to financial railsDeveloper tools for building interoperable applicationsDesigned with quick, efficient cross-border payments and remittances in mind, Stellar is uniquely positioned in today’s landscape to capture market share in the global payments system. With an international network of trusted entities that connect the network to traditional finance systems, Stellar enables the conversion of assets into local funds all over the world. Typical transactions on Stellar settle in under ten seconds and cost a fraction of a U.S. cent, with its native token, XLM, serving as both the gas token for transactions on the network and a bridge asset between multiple other assets.
With over a decade of growth and experience, Stellar has become a core blockchain for payments and real-world use cases. Its developer-friendly framework enables apps to interoperate and connect to existing financial rails, while also supporting asset issuance and tokenization, all on the same network.
Engaging with Stellar on SushiHere’s how to start using Sushi on Stellar:
🌉 Bridge – Transfer assets onto Stellar
🔄 Swap – Trade $USDC and other tokens on Stellar via Sushi
US-listed AI chip stocks saw mixed pre-market performance, with Qualcomm surging 13%.
According to Bitget market data, U.S. AI chip stocks posted mixed pre-market performance: Qualcomm (QCOM.O) surged 13%, Intel (INTC.O) rose nearly 6%, AMD (AMD.O) gained nearly 4%, and Google (GOOG.O) declined 1.4%.
5 minutes ago
Micron Technology surges 18% in pre-market trading on US stocks
According to Bitget market data, the US stock storage sector is seeing broad pre-market gains. Micron Technology (MU.O) jumps 18% in pre-market trading, as its strong earnings significantly exceeded expectations, with multiple major banks raising the stock’s target price. SanDisk (SNDK) rises 12.25%, Western Digital (WDC) gains 12.05%, and Seagate Technology (STX) climbs 8.63%.
5 minutes ago
SBI announced it will acquire cryptocurrency trading platform Bitbank for 46.7 billion yen.
According to Nikkei News, Japanese financial group SBI Holdings announced on the 25th that it will acquire cryptocurrency exchange platform bitbank for 46.7 billion yen (approximately $288 million). Upon completion of the transaction, SBI Group’s crypto asset custody scale is expected to exceed 1 trillion yen, making it one of the largest operators in Japan’s crypto industry. Per the plan, a subsidiary under SBI Holdings will acquire Bitbank shares from individual shareholders including its founders as early as August this year. Bitbank will then repurchase shares held by existing shareholders MIXI and Ceres by the end of October. If combining data from SBI’s own crypto exchange SBI VC Trade and Bitbank, as of April this year, the two firms had a total of around 2.92 million accounts and total custody assets of approximately 1.1 trillion yen. While different crypto exchanges disclose custody assets at varying time points, among Japan’s major industry competitors, bitFlyer held about 960 billion yen in custody assets as of the end of December 2025, and Coincheck had around 800 billion yen as of the end of March 2025.
5 minutes ago
Bithumb was fined for sharing user data overseas without consent.
South Korean regulatory authorities have ordered cryptocurrency exchange Bithumb to pay a 210 million won (approximately $136,000) fine for sharing user personal information with overseas platforms without user consent. According to an announcement released Thursday by South Korea’s Personal Information Protection Commission (PIPC), the relevant user data exposure occurred between September and November 2025. At that time, Bithumb transferred user information to overseas platforms while sharing its USDT market order book data. The PIPC also noted that when assisting users with asset transfers to 13 overseas exchanges, Bithumb failed to obtain full and sufficient user consent before sharing personal details including names, wallet addresses, and dates of birth. For the two violations, the PIPC not only imposed the fine but also ordered Bithumb to rectify its processes and management systems related to cross-border transmission of user information.
The week opens with crypto markets focused on the macro backdrop: while several protocol-level events are scheduled, developments around the Iran conflict and Fed signaling are likely to remain the dominant drivers.
Reuters reported Sunday that the Pentagon is preparing for possible weeks of ground operations in Iran, though Trump has not approved those plans, and by Monday AP reported he was floating the idea of seizing Iran’s Kharg Island oil terminal even as diplomacy was still being discussed. Brent settled last Friday at $112.57, up 4.2% on the day.
BREAKING: President Trump says the US is in “serious discussions with a new and more reasonable regime to end our military operations in Iran.”
Trump also says that if a deal is not made, the US will “blow up and completely obliterate all of their electric generating plants, oil… pic.twitter.com/UAsFbQuWWF
— The Kobeissi Letter (@KobeissiLetter) March 30, 2026
Powell is due to speak later Monday, March 30, at Harvard, where markets will look for any signal on how the Fed is assessing the current oil-driven shock. With the Iran conflict pushing energy prices higher, policymakers are facing a familiar trade-off between inflation risks and slowing growth.
As in recent weeks, macro developments are likely to remain the dominant driver for crypto. Any escalation in Iran or a shift in Powell’s forward guidance could quickly feed through into broader risk markets, including crypto assets.
Crypto Events To Watch This Week In crypto land, the AAVE gets the spotlight this week. The project is set to activate Aave V4 on Ethereum mainnet. Aave V4 is already beyond the rumor stage and through the ARFC process, with the forum proposal laying out a “security-first” rollout, conservative risk parameters, and a narrower initial hub-and-spoke setup.
For ETH, the calendar matters less as a one-day catalyst than as a sentiment and narrative checkpoint. EthCC[9] begins March 30 in Cannes and bills itself as the largest and longest-running annual European Ethereum event, running through April 2. The adjacent EthCC Week schedule also includes “The Agora” on March 31, an institutional forum focused on market infrastructure, operational efficiency, and capital deployment.
JUP’s watchpoint is product expansion. Jupiter’s Offerbook is already in private beta, with registration open, and the pitch is unusually direct: “Onchain finance needs onchain credit. Time-based P2P loans, without price-based liquidations.” The product lets borrowers and lenders create fixed-term orders with customizable collateral, APR, loan size, and duration.
SUSHI is lining up a derivatives push. The official Sushi account has set April 2 for perps, while Sushi’s own site already shows a dedicated perps page telling users “Perps on Sushi Coming Soon” and collecting waitlist signups. That matters because perps remain one of the deepest and stickiest revenue arenas in crypto, and Sushi has been framing derivatives as a strategic priority since Sushi Labs outlined its roadmap.
FTX is also back on the radar because cash is about to move. FTX Recovery Trust said it will begin its fourth distribution on March 31, totaling about $2.2 billion for eligible creditors in the convenience and non-convenience classes who completed the required steps, with funds expected via BitGo, Kraken, or Payoneer within one to three business days. The market question is straightforward: how much of that recovered capital, if any, makes its way back into crypto trading once claims are paid.
Based, a Hyperliquid-powered DEX, will launch its token on March 30. The project confirmed its March 30 TGE on X, and KuCoin has already scheduled BASED/USDT trading for 10:00 UTC on Monday, with withdrawals opening a day later. KuCoin describes Based as a non-custodial DeFi “SuperApp” spanning crypto, equities, commodities, and spending rails.
At press time, the total crypto market cap stood at $2.32 trillion.
Total crypto market cap, 1-month chart | Source: ETHUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com
US-listed AI chip stocks saw mixed pre-market performance, with Qualcomm surging 13%.
According to Bitget market data, U.S. AI chip stocks posted mixed pre-market performance: Qualcomm (QCOM.O) surged 13%, Intel (INTC.O) rose nearly 6%, AMD (AMD.O) gained nearly 4%, and Google (GOOG.O) declined 1.4%.
5 minutes ago
Micron Technology surges 18% in pre-market trading on US stocks
According to Bitget market data, the US stock storage sector is seeing broad pre-market gains. Micron Technology (MU.O) jumps 18% in pre-market trading, as its strong earnings significantly exceeded expectations, with multiple major banks raising the stock’s target price. SanDisk (SNDK) rises 12.25%, Western Digital (WDC) gains 12.05%, and Seagate Technology (STX) climbs 8.63%.
5 minutes ago
SBI announced it will acquire cryptocurrency trading platform Bitbank for 46.7 billion yen.
According to Nikkei News, Japanese financial group SBI Holdings announced on the 25th that it will acquire cryptocurrency exchange platform bitbank for 46.7 billion yen (approximately $288 million). Upon completion of the transaction, SBI Group’s crypto asset custody scale is expected to exceed 1 trillion yen, making it one of the largest operators in Japan’s crypto industry. Per the plan, a subsidiary under SBI Holdings will acquire Bitbank shares from individual shareholders including its founders as early as August this year. Bitbank will then repurchase shares held by existing shareholders MIXI and Ceres by the end of October. If combining data from SBI’s own crypto exchange SBI VC Trade and Bitbank, as of April this year, the two firms had a total of around 2.92 million accounts and total custody assets of approximately 1.1 trillion yen. While different crypto exchanges disclose custody assets at varying time points, among Japan’s major industry competitors, bitFlyer held about 960 billion yen in custody assets as of the end of December 2025, and Coincheck had around 800 billion yen as of the end of March 2025.
5 minutes ago
Bithumb was fined for sharing user data overseas without consent.
South Korean regulatory authorities have ordered cryptocurrency exchange Bithumb to pay a 210 million won (approximately $136,000) fine for sharing user personal information with overseas platforms without user consent. According to an announcement released Thursday by South Korea’s Personal Information Protection Commission (PIPC), the relevant user data exposure occurred between September and November 2025. At that time, Bithumb transferred user information to overseas platforms while sharing its USDT market order book data. The PIPC also noted that when assisting users with asset transfers to 13 overseas exchanges, Bithumb failed to obtain full and sufficient user consent before sharing personal details including names, wallet addresses, and dates of birth. For the two violations, the PIPC not only imposed the fine but also ordered Bithumb to rectify its processes and management systems related to cross-border transmission of user information.
US-listed AI chip stocks saw mixed pre-market performance, with Qualcomm surging 13%.
According to Bitget market data, U.S. AI chip stocks posted mixed pre-market performance: Qualcomm (QCOM.O) surged 13%, Intel (INTC.O) rose nearly 6%, AMD (AMD.O) gained nearly 4%, and Google (GOOG.O) declined 1.4%.
5 minutes ago
Micron Technology surges 18% in pre-market trading on US stocks
According to Bitget market data, the US stock storage sector is seeing broad pre-market gains. Micron Technology (MU.O) jumps 18% in pre-market trading, as its strong earnings significantly exceeded expectations, with multiple major banks raising the stock’s target price. SanDisk (SNDK) rises 12.25%, Western Digital (WDC) gains 12.05%, and Seagate Technology (STX) climbs 8.63%.
5 minutes ago
SBI announced it will acquire cryptocurrency trading platform Bitbank for 46.7 billion yen.
According to Nikkei News, Japanese financial group SBI Holdings announced on the 25th that it will acquire cryptocurrency exchange platform bitbank for 46.7 billion yen (approximately $288 million). Upon completion of the transaction, SBI Group’s crypto asset custody scale is expected to exceed 1 trillion yen, making it one of the largest operators in Japan’s crypto industry. Per the plan, a subsidiary under SBI Holdings will acquire Bitbank shares from individual shareholders including its founders as early as August this year. Bitbank will then repurchase shares held by existing shareholders MIXI and Ceres by the end of October. If combining data from SBI’s own crypto exchange SBI VC Trade and Bitbank, as of April this year, the two firms had a total of around 2.92 million accounts and total custody assets of approximately 1.1 trillion yen. While different crypto exchanges disclose custody assets at varying time points, among Japan’s major industry competitors, bitFlyer held about 960 billion yen in custody assets as of the end of December 2025, and Coincheck had around 800 billion yen as of the end of March 2025.
5 minutes ago
Bithumb was fined for sharing user data overseas without consent.
South Korean regulatory authorities have ordered cryptocurrency exchange Bithumb to pay a 210 million won (approximately $136,000) fine for sharing user personal information with overseas platforms without user consent. According to an announcement released Thursday by South Korea’s Personal Information Protection Commission (PIPC), the relevant user data exposure occurred between September and November 2025. At that time, Bithumb transferred user information to overseas platforms while sharing its USDT market order book data. The PIPC also noted that when assisting users with asset transfers to 13 overseas exchanges, Bithumb failed to obtain full and sufficient user consent before sharing personal details including names, wallet addresses, and dates of birth. For the two violations, the PIPC not only imposed the fine but also ordered Bithumb to rectify its processes and management systems related to cross-border transmission of user information.
May 31 – The title of Trump’s “Stock God” has been gaining more attention lately, with Micron, Dell, and Intel each benefiting from his so-called “divine trades.” The market has been abuzz with skepticism that Trump is “using his presidential power to profit his holding companies.” Despite this “Stock God” aura, Trump still holds a significant amount of stocks that are underwater (trading below his purchase price). BlockBeats, in its review of Trump’s May 14 Form 278-T financial disclosure filed with the U.S. Office of Government Ethics, has identified the top 5 of Trump’s stock holdings (each valued over $1 million) that are currently underwater: 1. **FIS (Fidelity National Information Services Inc)**: The firm provides payment processing, core banking systems, transaction settlement, and other tech services to institutional clients. Trump made 6 large purchases of FIS in Q1, and its stock price has remained depressed – leaving him down roughly 42.8% on the position. 2. **ACN (Accenture)**: A global leader in consulting and IT services, Trump made 9 large buys of ACN in Q1 at an average cost of $1.46 million per trade, and is now down 32.5% on the holdings. 3. **KRUS (Kura Sushi USA Inc)**: A U.S.-based operator of revolving sushi restaurant chains, Trump made 1 large buy of KRUS in Q1 worth an average of $3 million, and is currently down 31.7% on that stake. 4. **SYK (Stryker Corporation)**: A medtech firm focused on orthopedic implants, surgical tools, and neurotechnology, Trump made 6 large purchases of SYK in Q1 at an average cost of $1.01 million per trade, and is down 25.9% on the holdings. 5. **PTC**: An industrial software company offering CAD, PLM, IoT, and augmented reality solutions, Trump made 6 large buys of PTC in Q1 at an average cost of $3.08 million per trade, and is currently down 24% on that position. Overall, the data shows most of Trump’s largest underwater positions fall into the “AI alternative” sector – which could explain their underperformance amid the current AI stock boom. While there’s no concrete proof to back the market’s skepticism about Trump, investors may be eyeing an unexpected positive “self-rescue rally” in these stocks ahead.
Relevant content
US-listed AI chip stocks saw mixed pre-market performance, with Qualcomm surging 13%.
According to Bitget market data, U.S. AI chip stocks posted mixed pre-market performance: Qualcomm (QCOM.O) surged 13%, Intel (INTC.O) rose nearly 6%, AMD (AMD.O) gained nearly 4%, and Google (GOOG.O) declined 1.4%.
5 minutes ago
Micron Technology surges 18% in pre-market trading on US stocks
According to Bitget market data, the US stock storage sector is seeing broad pre-market gains. Micron Technology (MU.O) jumps 18% in pre-market trading, as its strong earnings significantly exceeded expectations, with multiple major banks raising the stock’s target price. SanDisk (SNDK) rises 12.25%, Western Digital (WDC) gains 12.05%, and Seagate Technology (STX) climbs 8.63%.
5 minutes ago
SBI announced it will acquire cryptocurrency trading platform Bitbank for 46.7 billion yen.
According to Nikkei News, Japanese financial group SBI Holdings announced on the 25th that it will acquire cryptocurrency exchange platform bitbank for 46.7 billion yen (approximately $288 million). Upon completion of the transaction, SBI Group’s crypto asset custody scale is expected to exceed 1 trillion yen, making it one of the largest operators in Japan’s crypto industry. Per the plan, a subsidiary under SBI Holdings will acquire Bitbank shares from individual shareholders including its founders as early as August this year. Bitbank will then repurchase shares held by existing shareholders MIXI and Ceres by the end of October. If combining data from SBI’s own crypto exchange SBI VC Trade and Bitbank, as of April this year, the two firms had a total of around 2.92 million accounts and total custody assets of approximately 1.1 trillion yen. While different crypto exchanges disclose custody assets at varying time points, among Japan’s major industry competitors, bitFlyer held about 960 billion yen in custody assets as of the end of December 2025, and Coincheck had around 800 billion yen as of the end of March 2025.
5 minutes ago
US Secretary of State: Will not accept the claim that the Strait of Hormuz belongs to any country.
US Secretary of State Rubio stated, "We will not accept the assertion that the Strait of Hormuz belongs to any country." (Jinshi)
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Iraqi government spokesperson: Efforts are underway to restore full oil export capacity.
A spokesperson for the Iraqi government stated that Iraq is working to restore its full oil export capacity and plans to increase its oil production to 7 million barrels per day in the coming years. (Jinshi)
5 minutes ago
Bithumb was fined for sharing user data overseas without consent.
South Korean regulatory authorities have ordered cryptocurrency exchange Bithumb to pay a 210 million won (approximately $136,000) fine for sharing user personal information with overseas platforms without user consent. According to an announcement released Thursday by South Korea’s Personal Information Protection Commission (PIPC), the relevant user data exposure occurred between September and November 2025. At that time, Bithumb transferred user information to overseas platforms while sharing its USDT market order book data. The PIPC also noted that when assisting users with asset transfers to 13 overseas exchanges, Bithumb failed to obtain full and sufficient user consent before sharing personal details including names, wallet addresses, and dates of birth. For the two violations, the PIPC not only imposed the fine but also ordered Bithumb to rectify its processes and management systems related to cross-border transmission of user information.
Stellar Assets Now Accessible Across 40-Plus BlockchainsStellar and SushiSwap have enabled cross-chain swaps for $XLM and USDC, connecting Stellar's asset ecosystem to SushiSwap's multichain infrastructure. According to data from Sushi(.)com, cross-chain swaps for Stellar Development Foundation assets are now live on SushiSwap, allowing users to swap XLM and USDC across more than 40 blockchains without any intermediary or bridging process.
The move marks a meaningful expansion of Stellar's reach into decentralized finance. Stellar has established itself as one of the more practical blockchain networks for real-world payments, supporting low-cost transfers, remittances, and stablecoin transactions globally. Adding SushiSwap's routing layer gives XLM and USDC holders access to a far broader set of decentralized liquidity pools and trading routes.
SushiSwap's Multichain Reach Drives the IntegrationSushiSwap is a multichain decentralized exchange and aggregator that enables users to swap tokens across more than 40 blockchains, combining an automated market maker with an aggregator to find the best prices. Its SushiXSwap product enables cross-chain swaps without the need to use separate bridges.
The Stellar integration is part of a broader expansion for both protocols. SushiSwap launched on Stellar on February 10, 2026. Stellar's Q1 2026 showed growth across the network's most important metrics, with its real-world asset market cap rising 91% quarter-on-quarter to reach $1.52 billion at quarter end. Enabling direct cross-chain swap access to XLM and USDC through SushiSwap adds another layer of DeFi utility to a network that has traditionally been focused on payments and settlements.
For users, the practical benefit is straightforward: Stellar assets can now be traded into and out of tokens on dozens of other networks directly through the familiar Sushi interface, without wrapping assets or relying on third-party bridges.
Sources:
TronWeekly: SushiSwap Launches Cross-Chain Swaps for Stellar Assets
Messari: State of Stellar Q1 2026
SushiSwap: Cross-Chain Swap
In the rapidly evolving crypto market, the robust activity plays a significant role. As per Phoenix Group, based on GitHub’s 12-month data concerning most active crypto assets, Internet Computer, Mina Protocol, and Sushi are dominating the others. The on-chain analytics provider took to social media to share the list of top active projects over the year.
Internet Computer Emerges as 1st Most Active Crypto Project During Past 12 Months Phoenix Group’s list of most active cryptocurrency projects during the recent twelve months includes Internet Computer ($ICP) at the 1st position. The project saw a staggering 7,071 commits and more than 100 contributors during this period. Subsequently, Mina Protocol ($MINA) is the top 2nd project with up to 4,274 commits. In addition to this, saw above 100 contributors in the meantime.
Following that, Sushi ($SUSHI) stands in the 3rd place with its commits reaching 3,207 in terms of number. Additionally, witnessed twenty-seven contributors cumulatively. Apart from that, Bitcoin ($BTC) has secured the 4th position with nearly 3,068 commits in total, with up to 99 contributors. The next project in this respect is Chainlink ($LINK) with almost 3,034 commits as well as 100+ contributors.
Along with that, Cosmos ($ATOM) is the 6th most active crypto project. Hence, it has effectively recorded 2,370 commits and 100+ contributors. It is followed by Rubic ($RBC) which has obtained 2,279 commits and 20 contributors to secure the 7th spot in the list.
eCash Bottoms List with 1,666 Commits and 100+ Contributors Phoenix Group’s list of most active crypto projects in line with GitHub’s 12-month data includes Storj ($STORJ) on the 8th rank. The project has gained 1,788 commits and 100+ contributors. After that, PancakeSwap ($CAKE) occupies the 9th position with 1,717 commits and 100+ contributors. eCash ($XEC) comes last in the list with its commits reaching 1,666 mark while it witnessed 100+ contributors.
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Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
