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Alien Worlds Coin is the native token of a gaming platform that revitalizes competition and collaboration among players.

What is Alien Worlds (TLM)?Alien Worlds (TLM) is an NFT DeFi metaverse that revitalizes economic competition and collaboration among players. TLM incentivizes players to obtain Trilium (TLM), necessary for controlling decentralized autonomous organizations (Planet DAOs) and accessing the game. In the Alien Worlds metaverse, players can purchase NFTs to mine TLM, participate in battles, and complete in-game quests. Depending on their strategies, players can purchase NFTs that best suit their profiles. Additionally, users can participate in governance by electing council members for six Planet DAOs, influencing the direction of the game. Trilium (TLM) is the native token of the Alien Worlds metaverse. TLM holders can stake their TLM to participate in the governance of the planets and access other potential rewards. Furthermore, users can stake TLM on a chosen planet for TLM and NFT mining.

Within the game, TLM tokens can be used to purchase in-game items. TLM is the native token of the Alien Worlds platform, used for in-game items, event participation, and other various organizations.

Where to Buy TLM Coin?TLM Coin can be safely bought and sold on Binance, the world’s largest cryptocurrency exchange by trading volume. Alien Worlds Coin is traded on Binance under the TLM/BTC, TLM/BUSD, and TLM/USDT pairs. At the time this guide was prepared, TLM Coin was trading at $0.07.

To buy TLM, you first need to register on the Binance exchange. After completing the registration, you need to transfer cryptocurrency or fiat currency to your Binance wallet. Once the transfer is completed, you can purchase TLM Coin from any of the three pairs mentioned above. For buying from the TLM/USDT trading pair, you first need to go to the interface of this pair. In the limit section of the TLM/USDT interface, enter the amount you wish to purchase. After specifying the amount, the purchase is completed with the Buy TLM order.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Alien Worlds (TML) invites players to a lively virtual universe and allows them to mine with NFTs. Players can participate in community governance through DAOs, determining the direction of the game while engaging in economic activities with the Trilium (TLM) cryptocurrency. Alien Worlds offers a rich and interactive experience with strategic gameplay, resource management, and community interaction. In this article, you can find answers to two frequently asked questions: What is Alien Worlds (TLM), and how to buy Alien Worlds (TLM) with TRY?

What is Alien Worlds (TLM)?Alien Worlds is a unique and interactive decentralized metaverse game that invites players to a lively virtual universe. This Blockchain-based game allows participants to explore different planets and engage in mining activities using NFTs. The NFTs in Alien Worlds serve as valuable digital assets that enable players to enhance their gameplay and unlock new opportunities within the metaverse.

One of the standout features of Alien Worlds is its use of Decentralized Autonomous Organizations (DAOs). These DAOs allow players to participate in community governance, making decisions that affect the direction and development of the game. This democratic approach ensures that the community plays a significant role in shaping their virtual environments, fostering a sense of ownership and engagement among players.

In Alien Worlds, players can acquire and manage virtual land, which is a crucial element of the game. Owning land not only provides a sense of regional control but also offers opportunities for strategic planning and resource management. Landowners can extract resources, build structures, and develop their land to enhance their in-game experience and earn rewards.

The main network asset of the game, Trilium (TLM), plays a central role in the Alien Worlds ecosystem. TLM can be earned through various in-game activities such as mining, completing missions, and participating in community events. This cryptocurrency can be used to purchase NFTs, trade with other players, and invest in virtual land, creating a dynamic and interactive economy within the game.

Alien Worlds offers a strategic gaming platform where players need to plan their actions, manage their resources, and collaborate with others to achieve success. The combination of exploration, mining, and community interaction creates a rich and engaging experience that appeals to a wide range of players.

Moreover, the game encourages community interaction and collaboration. Players can form alliances, participate in joint ventures, and compete in various events to earn rewards. This social aspect of Alien Worlds enhances the overall gaming experience, making it not just a game but a thriving virtual community.

How to Buy Alien Worlds (TLM) with TRY?Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who want to buy Alien Worlds (TLM). Over 100 cryptocurrencies, including TLM, can be traded on Binance TR, where an account can be quickly created. To buy Alien Worlds (TLM) with TRY on Binance TR, you can follow the steps below.

How to Open an Account on Binance TR?Opening an account on Binance TR is quite easy. For this, you need to go to trbinance.com and continue from the “Create Account” step. In the first step of creating an account, you will be asked to enter basic information such as your email address, phone number, name-surname, date of birth, nationality, and Turkish ID number.

After entering the requested information completely and accurately, an email/SMS verification will be conducted to confirm the information. After completing this process, you will proceed to the second step, which is identity verification (KYC).

How to Verify Your Account on Binance TR?Identity verification on Binance TR is one of the security procedures that must be completed before starting cryptocurrency trading and during account creation. This process is also necessary to protect both the user and the cryptocurrency exchange. You can perform the verification process either from your phone or through the official Binance TR website. Note that you will need your mobile phone to complete the identity verification process on the website.

On the Binance TR website, hover over the “Profile” option at the top right, click on “Identity Verification and Limits” from the drop-down menu, and then click on “Verify.” After this step, you will need to scan the QR code that appears with your phone’s camera and continue the process on your phone. If you cannot scan the QR code, you can click on the “Copy URL” option to send the identity verification address to your phone via SMS.

When you enter the address on your phone or scan the QR code, a screen like the one below will open on your phone. From here, first, tap on the “Identity” option to continue.

Then a screen like the one below will appear. To continue with the verification process, first select the document type that suits you best.

After selecting the document type, tap on the “Upload Front Side” option to continue. After taking a photo of the front side of the document according to the selected document type, tap on the “Upload Back Side” option and take a photo of the back side of the document and upload it. Make sure that the images are clear and that the information in the photos you take is easily readable when taking photos of the front and back sides of your ID card or driver’s license.

Then tap on the “Selfie” option to continue. At this point, your phone’s front camera will open, and you will need to scan your face. Make sure that your face fills the camera area as much as possible after the camera opens.

After completing all these steps accurately and completely, your identity verification process will be completed shortly.

How to Deposit TL on Binance TR?You can easily deposit TL into your Binance TR account from all banks. You can deposit and transact 24/7 from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts without any interruption. For other banks, you can deposit up to 50,000 TL 24/7 with FAST. Deposits over 50,000 TL from other banks are processed during EFT hours.

To deposit money into your Binance TR account, first go to trbinance.com, hover over the “Wallet” option at the top left of the main page, and click on the “Deposit” option from the drop-down menu.

Then a page like the one below will open, and you can continue the deposit process by selecting your preferred bank from this page. If the bank you prefer does not yet have Binance TR integration, you should continue by clicking on the “Other Banks” option.

In this example, we will continue using Vakıfbank, but the process is the same for all other banks. When you click on the Vakıfbank option, an account name and IBAN address will appear, where you can make a transfer, EFT, or FAST to that bank. All you need to do now is to transfer the amount you want to deposit to your Binance TR account using the information shown on the bank’s page via transfer, EFT, or FAST.

After your bank completes the transfer process, the funds you sent will be automatically reflected in your wallet in your Binance TR account.

How to Buy TLM Coin with TL on Binance TR?After the deposit process, you can proceed to the step of purchasing TLM coins with TL by clicking on the “Buy-Sell” option in the top left menu of the Binance TR website.

After clicking on this option, the following page will open. By typing “TLM” in the search section on the right side of this page and clicking on the TLM/TRY option from the results, you can go to the TL to TLM purchase page.

Now the TLM trading page will open as shown below. On this page, in the red-marked area, you need to enter the price at which you want to buy TLM in the first box and the number of TLM you want to buy in the second box. After entering the amount, you can complete your purchase by clicking on the “Buy TLM” button.

What is Binance TR?Binance, the world’s largest cryptocurrency exchange by trading volume, officially launched its platform Binance TR for cryptocurrency investors in Turkey in 2020. The cryptocurrency exchange, headquartered in Istanbul, can be accessed at trbinance.com.

Binance TR leverages Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure to offer both fiat-to-crypto and crypto-to-crypto trading services. Users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) through direct bank channels and trade various cryptocurrencies with TRY trading pairs via Binance TR.

Users can access market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls supported by Binance’s core functionalities through Binance TR.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Jeffrey Gogo

Features writer

Jeffrey Gogo

Part of the Team Since

Aug 2024

About Author

Jeffrey Gogo is a journalist with 20 years of experience in business, finance, cryptocurrency, and climate change news and analysis.

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Elena Bozhkova

Features Lead

Elena Bozhkova

Part of the Team Since

May 2024

About Author

Elena is the Features Lead at Cryptonews.com. With a Master's degree in science journalism from City University, London, she is passionate about exploring complex topics in the world of technology.

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Last updated: 

September 2, 2024

Key takeaways:

Play-to-airdrop games have been criticized for attracting profit-driven players who use bots to automate gameplay and accumulate points. The model is accused of crowding out real gamers, undermining the integrity of the game, and devaluing the airdropped assets. To prevent abuse, developers suggest implementing anti-bot measures such as CAPTCHA tests and multi-factor authentication. Play-to-airdrop (P2A), the latest iteration of web3 gaming, has come under fire for attracting profit hunters.

Play-to-airdrop is a strategy to attract users by giving away crypto tokens—called airdrops—directly to their wallet addresses. Users can then sell these tokens for cash on crypto exchanges. To receive the tokens, they must complete certain activities in the game.

People who have been in gaming for a long time believe that P2A games are replete with players who are looking to make a quick buck rather than enjoying the game.

These so-called degens typically use bots to autoplay games, accumulate points, cash out, and chase the next token. According to developers and players, the gold rush is crowding out traditional gamers—who value the fun of playing and the social aspects of the game—from web3’s airdrop era.

Mohsin Waqar, CEO of the game development platform Senet, said the play-to-airdrop model offers developers “significant benefits” for building player engagement and “fostering a sense of community.” However, he said the model is also prone to exploitation by bots and profit-hunters.

“Bots can be programmed to complete simple tasks or farm rewards automatically, undermining the integrity of the game and the value of the airdropped assets,” Waqar told Cryptonews, adding:

“Profit-seeking players may engage in strategies like creating multiple accounts (sybil attacks) or using bots to farm rewards, which can inflate the supply of airdropped tokens and devalue them.”

Play-to-Airdrop Criticized as ‘Gambling’On the one hand, “airdrop hunters” are part of the developers’ broader game plan. Play-to-airdrop uses speculation to market video games to people who might otherwise avoid them.

On the other hand, the quality and sustainability of P2A gameplay depend on converting the “gold diggers” into committed players. After initially drawing in those who are new to the game, developers must make them stay to give the studio its long-term business and cultural footprint.

Manel Sort, the CEO of Games for a Living, believes that P2A is a hard sell. “The use of random and unexpected bonuses in P2A dynamics hook the players, but they also blur the lines with gambling techniques,” Sort, who says to have built and published over 60 titles, told Cryptonews.

“I believe game developers in the web3 space have to decide whether they want to get involved in the gambling space or whether they bet on innovation and fresh approaches to engage the players long-term,” he added.

Game developer Jandindr argued in a post on X that the current form of P2A is not sustainable for studios. “Token should be used to give to your best quality players to retain/ new users where the cost make sense. Now you are spending $100 to get the worst possible user group (sic),” he said.

I am pretty bearish on the current form of play to airdrop

it doesn’t create any long term / sustainable business at all especially in gaming.

Token should be used to give to your best quality players to retain / new users where the cost make sense

Now you are spending $100 to…

— jarindr.eth | zentry ⚡️ (@jarindr) August 19, 2024 One of the most anticipated airdrops relates to the TON-based game Hamster Kombat, which claims to have over 300 million active players. On Aug. 28, the team finally announced that the token generation event (TGE) and subsequent airdrop will take place on September 26th.

The reveal ended months of waiting, as the airdrop, originally set for July, was pushed back to August. At the time, the team said it was fine-tuning its tokenomics—a combination of the words “token” and “economics” used to define the elements that make a cryptocurrency valuable.

In August, however, the Hamster Kombat team announced that it would not set a specific date due to the size of the event. It described the event as a “technically complex undertaking, unprecedented in the blockchain world.”

“Many P2A games have struggled because their tokenomics models are poorly implemented,” Juan Humberto Vivas Lovera, founder and CEO of web3 platform Pixpel, said in an interview with Cryptonews.

“The complexity of web3 games, involving both digital assets and tokenomics, necessitates that tokenomics be adjusted according to game dynamics and how funds are being utilized,” Lovera added.

According to its whitepaper, Hamster Kombat will allocate 60% of its token’s total supply to players as a reward for tapping the screens of their smartphones and completing other in-game tasks like watching YouTube videos.

But even before its airdrop, Hamster Kombat was already facing legal actions from alleged early investors who supposedly created the game, per Russian media reports. It is unclear whether the legal battle over Hamster Kombat’s origin will affect the airdrop.

The project previously said that it turned down investments from venture capitalists to protect users who received the airdrop from becoming “exit liquidity.”

How Game Studios Can Reward Quality Mohsin Waqar, the Senet CEO, said developers need to implement anti-bot measures, such as CAPTCHA tests and multi-factor authentication, to prevent abuse in P2A. The GameFi veteran, whose company boasts over 600 games, 300,000 daily downloads, and three million monthly users, also proposed limiting the number of accounts per user and monitoring suspicious activity using artificial intelligence (AI).

Waqar suggested “tiered rewards, where more valuable airdrops are only accessible to players who demonstrate consistent and meaningful engagement.”

Some of his proposals have been tested and have had some success at Alien Worlds. Waqar said the blockchain-based metaverse game struggled with bots farming points and players creating multiple accounts to maximize airdrop rewards.

Alien Worlds responded by implementing stricter account verification processes and transaction cooldown periods to reduce exploitation. Developers also changed the reward distribution mechanics to make it harder for bots and exploiters to profit without real engagement.

Lovera, the Pixpel founder, spoke about the need for a digital ID-enabled wallet, like Concordium. This will ensure there is one person behind the screen rather than bots. He also suggested a tokenomics model based on tournaments, whereby players can lose tokens if they lose the game or tournament.

Nothing Beats a Good GameA Philippines-based gamer, who preferred to be called Lupin XIV, said that P2A is easier to exploit if there are fewer barriers to entry, if it is referral-based, and if eligibility requires minimal verification.

While bad actors are inevitable, P2A games must attract more committed players to create a balanced gaming economy. When invested participants take up more space in the community, it reduces the likelihood of abuse. Lupin XIV told Cryptonews:

“The gaming experience will play a key role in P2A for both true fans and profit-driven players because a certain percentage of profit-hunters can be converted to long-term players if there are game loops, player progressions, fewer exploits, and token sustainability.”

Ultimately, nothing beats a good game. “The one way to attract players is to create a compelling game that they will stick to regardless of incentives and airdrops,” Lupin added.

“Developers must recognize that the quality of the game will always have greater importance for the majority of gamers than the rewards offered,” Lovera concurred.

Why Play-to-Airdrop?It’s not all doom and gloom for play-to-airdrop games. In web2 gaming, enthusiasts provided valuable beta insights that contributed to community-building and game development. However, developers largely controlled ownership and profit.

The play-to-earn (P2E) model, popularized during lockdown, used blockchain technology to shift power from developers to gamers. P2E rewards players with money, in-game items that enhance their virtual experience, and non-fungible tokens (NFTs) that give them ownership of these assets.

P2A builds on P2E by adding speculation as a new selling point. Developers leverage the appeal of accumulation and the element of surprise to promote new games. Experts say there are several benefits of the play-to-airdrop model, including:

Increased game time: Rewards are given to players who stay engaged over the long term. Since gamers often don’t know when an airdrop will happen, they remain committed in anticipation. Virality: The uncertainty around reward details creates buzz and drives interest through engaging narratives. Diverse player base: In addition to web2 purists, P2A attracts players who might be interested in speculation. This diverse group may also stay to enjoy the game. “By offering airdrops as rewards, developers can attract a diverse range of players, including those who may be new to blockchain gaming,” explained Senet’s Waqar.

“This approach can help build a loyal community that is invested in the game’s ecosystem, leading to greater longevity and a more stable economy – IF done right.”

2025 was one of the most important years in the history of Alien Worlds. From launch, the goal has always been to give increasing control to the community. This year showed how far that vision has come as players expanded the metaverse through games, governance, tools, lore, and new ways to earn Trilium.

With an average of more than 90,000 daily active accounts in 2025, Alien Worlds remained one of the most active decentralized ecosystems, driven by community builders, creators, and DAOs.

Milky Way Miner

Weekly tournaments grew significantly this year, offering Trilium rewards to all participants. Players staked Alien Worlds NFTs, competed in skill-based mining challenges, and progressed across a polished 2D platformer. Permanent boosts were removed to keep gameplay fair and balanced.

Mercenary Battlegrounds

This strategy title combined tower defense, auto-battler, and tactical mechanics. Staking crew.worlds NFTs unlocked Alien Worlds themed towers, and players battled through six weeks of tournaments supported by Trilium rewards.

Mayhem: Alien Worlds

A turn-based mobile shooter inspired by classic tactics games. Players selected their preferred race, used specialized abilities, and submitted kill shots during playtesting rounds that rewarded participation and helped refine gameplay.

Mission Control

A community-built platform that provided mining analytics, land insights, NFT tracking, and performance dashboards. Players used it daily to optimize strategy across the Alien Worlds economy.

Outlaw Troopers

A long-running community-created NFT game on WAX where players deploy Troopers in Encounters to earn FGL tokens and climb seasonal leaderboards. Players run Missions to collect virtual credits, gears, ore, and other resources used across the FGL ecosystem. Outlaw Troopers also introduced cooperative battles against the Orbatroid, where players can team up and compete for a share of Trilium rewards. New events and tournaments are announced through Alien Worlds socials.

Minecrafters

A Magor Union community project that combines the Minecraft experience with Alien Worlds themed gameplay. Players explore the server, complete quests, build structures, and interact with custom features inspired by the six planets. By staking Alien Worlds NFTs, players unlock progression paths and can earn Trilium through in-game activities and event participation.

Eyeke Embassy

One of the most active hubs of 2025. With expanded support through Galactic Hubs, the Eyeke Embassy introduced new Legendary and Mythic Mechs, increased mining and staking rewards, and released monthly one-of-one Mechs inspired by each Alien Worlds race. More than 25,000 NFTs were burned through blends during the event.

Planetary Defense

A strategic community-created game set on Magor where players defend land, launch coordinated attacks, and manage NFTs in real time. Landowners build defenses while mercenaries join raids or protect territories. Players face PvE threats and PvP battles, complete missions, and earn Planetary Defense Tokens. Progression comes from upgrading armies, increasing vote power, improving chests, and climbing the leaderboard.

Meta Battler

A community-built rogue-like deck-building strategy game that lets players use digital collectibles from across the WAX ecosystem, including Funkos and custom NFTs. Attributes are assigned automatically, allowing a wide range of items to become playable cards. Upcoming updates include streamer PvP, roguelike campaigns, NFT loot, and an economy powered by MBP. Players build decks, battle through encounters, unlock rewards, and experiment with new strategies shaped alongside the community.

Decentralization Became More Visible Alien Worlds continued progressing toward a community-directed structure where players guide development, resource distribution, and planetary governance.

Union DAOs Gained Greater Control Over Mining Rewards

Union DAOs can now direct up to 25 percent of their mining reward pool toward community initiatives. This expanded authority allows players to fund tools, games, events, and creative work within their planets.

Election Cycle Adjustments

Planets gained the ability to adjust their own election time frames, giving each community the flexibility to match governance to its activity and needs.

Control Over Custodian Count

DAOs gained authority over the number of custodians for their planet. This lets each Syndicate establish the structure that fits its voters and builders.

Syndicate Activity in 2025

Across all six planets:

850 proposals were submitted

791 proposals were executed

12,080,321 Trilium was allocated through Syndicate actions

Individual Syndicate totals:

Eyeke: 219 proposals, 208 executed, 1,227,800 Trilium allocated

Kavian: 52 proposals, 38 executed, 2,150,000 Trilium allocated

Naron: 143 proposals, 132 executed, 1,099,485 Trilium allocated

Veles: 145 proposals, 135 executed, 2,249,113 Trilium allocated

Magor: 178 proposals, 177 executed, 1,117,500 Trilium allocated

Nerix: 113 proposals, 101 executed, 4,236,423 Trilium allocated

Syndicate staking totals:

Neri: 17,431,992.9892

Kavian: 13,946,607.0651

Eyeke: 4,221,010.3116

Naron: 4,704,954.1193

Magor: 4,409,264.6328

Veles: 16,479,953.5070

Union DAO Activity in 2025

Union DAOs executed 52 proposals this year, dispersing a total of 26,199,123 Trilium:

Neri Union: 6,588,501 Trilium

Kavian Union: 7,181,100 Trilium

Magor Union: 5,240,000 Trilium

Naron Union: 3,595,902 Trilium

Eyeke Union: 3,338,620 Trilium

Veles Union: 255,000 Trilium

Union DAO staking totals:

Neri Union: 1,786,743.1474

Kavian Union: 874,089.0837

Eyeke Union: 875,257.6168

Naron Union: 97,157.9867

Magor Union: 607,422.5292

Veles Union: 850,033.0595

Missions Reached Major Scale

In 2025:

20,993,150 total ships were sent on Missions

1,256,114,160 Trilium was staked for ship leasing

118,270,600 Trilium was distributed as Mission rewards

Lore and Creativity Expanded Through Players

Tokenized lore continued to grow in 2025.The system went live on January 29, and the first proposal was submitted on February 6. There were more than 122 community-written stories and over 1.1 million words of AI-assisted lore created based in the Alien Worlds metaverse.

Writers worked with the foundational lore created by Kevin J. Anderson. Players voted on which stories became canon, and contributors, librarians, and Lore Scribes supported new writers throughout the process.

Galactic Hubs Continued Supporting Builders In 2025, GHubs funding supported:

new game updates

mining experiences

Mech development in Eyeke

community tool improvements

cross-platform integrations

lore and storytelling initiatives

For a deeper look at GHubs funded projects and milestones, you can read the full Galactic Hubs report.

The Ecosystem Ahead Alien Worlds in 2025 was defined by players. Games were created by the community. Governance decisions were made by DAOs. Trilium rewards moved through structures selected by the community. Lore and worldbuilding came from contributors across the world. Alien Worlds continues to grow through the creativity and decisions of the Explorers who call the six planets home.

TLM: An Updated Guide to Submitting Alien Worlds Lore for Canonization

TLM: Lalothen’s Vision: How Tokenized Lore Is Turning Alien Worlds Into a Living Universe

TLM: Competitions Arrive in Alien Worlds

TLDR: Angle Protocol’s AIP-112 vote approved an orderly wind down of both EURA and USDA stablecoins. EURA and USDA holders can redeem tokens 1:1 for EURC and USDC until March 1, 2027, on Ethereum. Remaining reserves after redemption will be airdropped pro-rata to eligible Ethereum-based holders. The Angle team now operates Merkl, a leading DeFi incentive platform, as their primary focus.
Angle Protocol is officially winding down its EURA and USDA stablecoins following a community governance vote. The decision, passed under AIP-112, brings the decentralized stablecoin project to a close.

Holders of both tokens have a structured, two-year window to recover their funds at full value. The team now focuses on Merkl, a DeFi incentive platform, as its next major project. Acting quickly remains the most important step for all current holders.

What Holders Need to Know About the Redemption Period The wind-down plan begins with a one-year redemption period running until March 1, 2027. During this time, EURA holders can redeem their tokens 1:1 for EURC on Ethereum.

USDA holders can redeem 1:1 for USDC through the Angle Transmuter on the Angle App. Holders on other chains must bridge their funds back to Ethereum before initiating any swap.

Angle Protocol has been clear about what happens if holders miss this window. After March 1, 2027, the protocol will cease active operations entirely.

Both EURA and USDA are expected to depeg once the redemption mechanism is turned off. Taking action well before the deadline is the safest course for current token holders.

VaultManager position holders are included in the redemption plan as well. They can close their positions and recover collateral during the active period.

All actions must be completed through the Angle App on Ethereum. No other platforms or channels have been announced for these transactions.

The team confirmed the decision through their official channel, noting: “the Angle community has voted in favor of an orderly wind down of the EURA and USDA stablecoins (AIP-112).” This confirms the move was driven by formal governance, not a unilateral team decision.

Final Settlement and the Extended Claim Window After the redemption period ends, the protocol moves into Phase 2 for final settlement. The guardian multisig will recover all reserves remaining within the protocol at that stage.

Those reserves will then be distributed pro-rata to the EURA and USDA holders still on Ethereum. Only holders who have bridged back to Ethereum before this stage will qualify for the distribution.

The airdrop will be executed and distributed through Merkl, the incentive platform run by the Angle team. After the airdrop goes live, recipients will have one additional year to claim their EURC or USDC.

Claims can be made directly through the Merkl platform during this period. Together, both phases create a total two-year window for holders to recover funds.

The reasoning behind the wind-down traces back to declining activity on Angle Protocol stablecoins over time. The team noted that yield-bearing stablecoins now exist natively across vaults and lending protocols available everywhere.

Running dedicated infrastructure for a shrinking user base creates unnecessary smart contract risk. Operational overhead with little benefit to a diminishing community was another factor in the decision.

The Angle team now builds Merkl full-time and encourages the community to follow that project. Holders are advised to act early and not delay until deadlines approach.

Angle Protocol will sunset its EURA and USDA stablecoins.EURA was once the largest euro-pegged stablecoin on the market.Interest in euro stablecoins has been increasing. But so has competition from lending protocols.EURA, once the largest euro-pegged stablecoin on the market, will shut down due to waning interest, its creator said.

Issued by Angle Protocol, EURA held the top spot among euro stablecoins for a brief moment at the end of 2021, when its circulating supply topped 180 million. It was overtaken in January 2022 by Tether’s EURT, which announced its own closure in 2024.

As of Wednesday, EURA was the 10th largest euro stablecoin, with a market value just under $4 million, according to DefiLlama data.

“While the stablecoins remain fully collateralized and functional, maintaining an idle protocol indefinitely creates ongoing operational overhead and liability for a diminishing user base,” Angle Protocol co-founder Pablo Veyrat wrote in February, when he first proposed the protocol’s closure.

“Rather than letting the protocol languish, we propose an orderly wind down that gives all participants ample time to exit their positions with no haircut.”

Veyrat did not immediately return DL News’ request for comment on Wednesday.

Angle tokenholders voted unanimously on Sunday to shutter EURA as well as a dollar-pegged stablecoin, USDA.

The vote only drew four voters, one of whom cast 98% of the votes — a sign of plummeting interest in the protocol. Only one prior vote drew fewer votes.

In a post on X, Angle attributed the declining interest to a dramatic change in the stablecoin market.

“The decentralised stablecoin space has also fundamentally changed,” Angle wrote. “Yield-bearing stablecoins are now essentially a branding layer on top of vaults and lending protocols that already exist everywhere. There is no strong reason to keep running dedicated infrastructure for something others do natively.”

Indeed, the market for euro-pegged stablecoins has only grown over the past year.

In March 2025, there was $315 million worth of euro-pegged stablecoins in circulation. That figure has since grown 131%, to $729 million.

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Angle's EURA was once the largest euro-pegged stablecoin on the market. Circle’s EURC has led the way. As of Wednesday, it accounted for more than half of all euro stablecoins in circulation, with a market capitalisation above $$60 million.

Last month, S&P Global Ratings said top European banks are likely to issue euro-pegged digital tokens this year, with the market to surge to €1.1 billion, or $1.2 billion, by 2030.

Angle holders will be able to redeem their stablecoins for the collateral they posted, or exchange them on a one-to-one basis with Circle’s euro and dollars stablecoins.

After one year, Angle will discontinue the stablecoins’ redemption mechanism, meaning they will almost certainly lose their pegs. Still, there will be ways to redeem outstanding EURA and USDA tokens at a discount.

Aleks Gilbert is DL News’ New York-based DeFi correspondent. You can reach him at [email protected].

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Trader Joe, the decentralized exchange (DEX) dominating Avalanche, has surpassed PancakeSwap. It is now the second-largest DEX by fees generated in the past 24 hours. 

According to an Artemis Researcher citing Token Terminal data, the DEX processed over $142 million in trading volume on the last day, with 98% of fees from tokens based in Avalanche. This dominance points to how crucial the DEX is in the high-throughput blockchain, whose on-chain activity has been rising in recent months.

Trader Joe flips PancakeSwap | Source: Emperor Osmo via X Trader Joe also confirmed that it facilitated over $100 million in trading volume through its Liquidity Book. Through this feature, traders can create tailored strategies while benefiting from low fees. The Liquidity Book is designed to significantly enhance efficiency and flexibility versus other traditional automated market maker (AMM) platforms like Uniswap. 

In the past 24 hours, Trader Joe processed over $216,000 in fees, above $151,000 recorded by PancakeSwap–a DEX on the BNB Chain ecosystem. While impressive, their combined figure is less than half that recorded by Uniswap, a DEX that’s active on multiple platforms and blockchains, including BNB Chain.

During the same period, Uniswap generated over $1.9 million in trading fees, most of which came from Ethereum, where the DEX is actively used.

Avalanche price trending upward on the daily chart | Source: AVAXUSDT on Binance, TradingView Whether Trader Joe’s will cement its position as the second most active DEX after Uniswap remains to be seen; however, in recent months, the Avalanche ecosystem has been trending following Solana and other low-fee but high-throughput environments, including Ethereum-layer-2s. 

Will Avalanche’s Focus On Meme Coins Cement Trader Joe’s Position? More meme coin projects appear keen to deploy on Avalanche’s sub-nets, benefiting from low fees and high scalability. To encourage participation and meme coin projects to launch on the platform, Avalanche Foundation announced a new initiative in late December 2023.

As part of a culture drive, the foundation revealed that it would consider buying meme coins, drawing inspiration from the impact of Bonk in Solana. Through their “Culture Catalyst,” the foundation will explore and acquire potent meme coins deploying on Avalanche.

Considering how viral meme coins can be, it is likely that Trader Joe, a famous DEX on Avalanche, will benefit from this drive. When writing, the foundation has not revealed whether it has bought any meme coin.

Trader Joe’s TVL rising | Source: DeFiLlama However, what’s clear is that Trader Joe has been growing, looking at its total value locked (TVL) in the past few trading weeks. According to DeFiLlama, Trader Joe’s TVL stands at over $172 million, of which more than $126 million are Avalanche-based assets.

Feature image from Canva, chart from TradingView

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Dalmas is an experienced journalist with over a decade in Forex, general finance, technology, and blockchain developments. He is currently a crypto reporter for Bitcoinist, where he covers DeFi, blockchain, DeFi, and latest industry news. His work and that of his partners have been featured in top news outlets, including Forbes, investing.com, CoinTelegraph, and Entrepreneur, among others. He is passionate about technology and politics and is always on the lookout for the latest trends in these fields. He also loves spending time with his family and friends, exploring nature, and traveling to new places. Connect on X: @Dalmas_Ngetich, or message him directly on Telegram here: @Dalmas_Ngetich.

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JOE is the platform token of TraderJoe, a decentralized exchange (DEX) on Avalanche. TraderJoe also offers lending and borrowing services through BankerJoe. The JOE token can be staked to receive protocol fees and vote on governance proposals.

Trader Joe is an AMM-based DEX built on the Avalanche blockchain. Most AMM projects on Avalanche, such as Pangolin and Zero Exchange modeled after Uniswap, or Olive and Lydia Finance modeled after Pancakeswap, are inspired by other famous projects on Ethereum and BSC.

Despite its recent launch, Trader Joe (JOE) surpassed Pangolin (PNG) in August to become the AMM DEX with the largest TVL in the Avalanche ecosystem, reaching $500 million in TVL.

Trader Joe’s unique feature is combining DEX with Lending & Leveraged Trading, helping increase liquidity and attracting more funds to the project.

Trader Joe is primarily a DEX responsible for providing swap and trading services. However, this project also offers other essential DeFi features like staking, yield farming, and lending. Additionally, Zap, a new feature of the project, allows users to change LP tokens with a single click.

There are two use cases for the JOE token:

Governance: JOE token holders have a say in decision-making. Proposals are determined with JOEVOTE.Reward to token holders: JOE is given as a reward to stakers, farmers, and liquidity providers.Additionally, Cryptofish and 0xmurloc are co-founders of JOE, while Hruday serves as the frontend engineer.

Overall, Trader Joe takes a long-term approach to governance. The Grow Club is Trader Joe’s first governance panel, a Community Club overseeing the selection and ongoing management of the platform’s Community Farms. This initiative helps Trader Joe operate as a fully decentralized and transparent ecosystem while solidifying the platform’s status as the number one liquidity provider on Avalanche.

Moreover, xJOE is the primary staking mechanism in the Trader Joe ecosystem. When you stake your JOE, you effectively exchange your JOE for xJOE. Over time, holding xJOE tokens will always earn you more JOE.

How to Buy JOE Coin?JOE Coin can be quickly and securely purchased via Binance, the world’s largest cryptocurrency trading platform by trading volume.

To buy JOE Coin, you first need to register on Binance and then send fiat currency. After sending fiat currency such as  dollars, you can buy JOE trading pairs by purchasing BUSD, Bitcoin (BTC), Binance Coin (BNB), or Tether (USDT).

Additionally, users can place a purchase order at a lower value on Binance, not just at the market value. To do this, use the Limit tab and enter the amount you want to buy and the price you want to buy it at.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Home Altcoins Binance to Remove 9 Spot Trading Pairs on August 23

Binance, the world's largest cryptocurrency exchange, has announced the delisting of nine spot trading pairs including the following cryptocurrencies: ARKM, CHZ, ENA, FIRO, IOTA, JOE, OMNI, REZ and SUPER.

These pairs will be removed from trading opportunities against fiat and crypto pairs, such as TUSD, EUR, BTC, FDUSD, TRY and BNB, as of August 23 at 06:00 CET. However, the affected tokens will still be available for trading via other pairs on the platform.

The delisting decision is part of Binance’s ongoing efforts to improve trading quality and market efficiency. The exchange regularly reviews trading pairs, focusing on liquidity and volume, and removes those that do not meet its standards to protect users and maintain a high-quality trading environment.

The move has sparked reactions in the crypto community, with some price volatility being seen as traders adjust their strategies. Binance advises users to review and possibly adjust their trading strategies, especially those using automated bots, as spot trading bot services for these pairs will also be discontinued.

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With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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Trader Joe (JOE) is a decentralized trading platform built on the Avalanche network. The development team combined DEX services with DeFi loans to offer leveraged trading services. The origin of Trader Joe stems from a desire to echo the rising dominance of the Avalanche blockchain, create a unique and truly innovative trading platform, and serve a global and emerging audience on the frontier of the DeFi industry.

What Is Joe (JOE)?Since its launch, the platform has attracted over 4 billion dollars in assets and gained support from some of the most recognized investors in the industry. Trader Joe set out to serve the community at the edge of DeFi with innovation, rapid development, and most importantly, secure construction. The ultimate goal is to create a trading platform that provides users with a true one-stop DeFi experience.

On Trader Joe, services such as Swap, Stake, Farm, Lend, Borrow, and Leverage are all integrated under one roof. Platform users will have a highly accessible DeFi trading platform by fully integrating themselves into it.

JOE Coin can be safely bought and sold on Binance, the world’s largest cryptocurrency exchange by trading volume. JOE Coin is traded on Binance in the JOE/BTC, JOE/USDT, and JOE/BUSD pairs.

To buy JOE Coin (JOE), you must first become a member of the Binance exchange. After completing the membership, you need to transfer cryptocurrency or fiat currency to your Binance wallet. Once the transfer is completed, you can purchase JOE Coin from any of the three pairs mentioned above. For purchasing through the JOE/USDT pair, you must first navigate to the interface of this pair. In the JOE/USDT interface, you enter the desired amount in the field provided under the limit tab. After specifying the amount, you can complete the purchase by placing a Buy JOE order.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Danske Bank: Federal Reserve may raise interest rates at least twice

Danske Bank senior analyst Kirstine Kundby-Nielsen and chief analyst Jens Peter Sorensen stated in a report that they expect the U.S. Federal Reserve to raise interest rates twice, in December 2026 and March 2027 respectively, bringing the federal funds rate to 4.00%-4.25%. "However, we emphasize there is a risk that rate hikes could come earlier and that the number of hikes may exceed two," they said. The first Federal Reserve meeting led by Kevin Warsh sent a clear signal that the Fed is increasingly moving away from forward guidance surrounding future monetary policy decisions. "All signs indicate that (the Fed) is leaning toward having greater discretion in future policy decisions," the Danske Bank analysts added. Source: Jin10

3 minutes ago

SK Hynix's stock price rise widened to 15.4%, while Samsung Electronics gained 6.3%.

According to Bitget data, SK Hynix’s stock price gain has widened to 15.4%, with Samsung Electronics up 6.3%.

3 minutes ago

The entire cryptocurrency market is down across the board; funding rates indicate BTC remains in bearish territory, while ETH’s bullish sentiment is significantly stronger than BTC’s.

According to HTX market data, Bitcoin is currently trading at $61,684.51, down 1.88% in the past 24 hours; Ethereum is at $1,647.36, down 1.48% over the same period. Current funding rates on major centralized exchanges (CEXs) show a clear divergence between BTC and ETH: BTC rates across all platforms have fallen back into bearish territory, while ETH rates on most platforms remain above the neutral range, indicating significantly stronger bullish sentiment for ETH than BTC. BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and underlying asset prices, typically applicable to perpetual contracts. They serve as a fund exchange mechanism between long and short traders; platforms do not collect these fees, instead using them to adjust the cost or return of traders holding contracts, so that contract prices stay close to the underlying asset prices. A funding rate of 0.01% is the benchmark. A rate above 0.01% indicates broad bullish market sentiment, while a rate below 0.005% signals widespread bearish sentiment.

3 minutes ago

South Korea's KOSPI index climbs back above the 9,000 mark, up 6.25% on the day.

According to Bitget data, South Korea’s KOSPI index has returned to the 9,000 level, gaining 6.25% on the day.

3 minutes ago

Silver plunged 6% intraday, breaching the defense of long positions, as a smart money entity reaped $2.16 million in shorting profits.

According to Hyperinsight’s monitoring, the Silver (SILVER) contract on Hyperliquid is currently priced at $56.78, down 6.34% over 24 hours, with a trading volume of $263 million, ranking first in the precious metals sector. Driven by gold prices falling below $4,000 and safe-haven funds flowing back into chip stocks, short sellers have reaped significant profits. Notably, smart money address 0x49e has been shorting Silver on 3x leverage since April 29 at a high of $78.79, holding a position worth $5.77 million, and has already booked a precise profit of $2.16 million (+81%). On-chain Silver whales are overall bearish: the nominal position size of short sellers is approximately 1.5 times that of long positions. The average entry price for short positions is around $65.05, and the current price is 12.7% lower than this level. Long positions are overall trapped, with an average entry price of about $59.75, roughly 5% above the current price. Current short sellers have sufficient safety margins: the nearest short liquidation line stands at $77.18, some 36% above the current price, meaning short sellers face almost no liquidation pressure. Address: 0xe9ffe7698f46f96f980f2877e18c43f5b4165903-HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (enable message sending permission) to automatically sync on-chain updates.

3 minutes ago

China's Supreme People's Procuratorate announced a major drug-related money laundering case: Li Moubo laundered over 48 million yuan via virtual currency and was sentenced to death after combined punishment for multiple crimes.

On June 25, China’s Supreme People’s Procuratorate (SPP) held a press conference. Miao Shengming, SPP’s deputy procurator-general, stated that procuratorial organs are thoroughly investigating both self-money laundering and third-party money laundering crimes, and vigorously promoting the recovery of drug-related assets to ensure full coverage in the investigation and punishment of drug-related money laundering offenses. From January 2025 to May 2026, procuratorial bodies nationwide prosecuted more than 1,200 individuals for drug-related money laundering crimes. A notable example is the major cross-border case of drug smuggling, trafficking, transportation and money laundering involving Li Moubo and others, which was supervised by the SPP and handled by Chongqing’s procuratorial organs. Li laundered over 48 million yuan via virtual currency and was sentenced to death after receiving combined punishment for multiple crimes in accordance with the law. (Xinhua News Agency)

3 minutes ago

Renzo Protocol Controversy: ezETH Lost Peg, Airdrop Sparked Debates

Gearbox is nearing its previous TVL all-time high.The protocol’s TVL slumped massively last year.Gearbox has never suffered bad debt.For some DeFi projects, when airdrop rewards dry up, it kickstarts a terminal liquidity decline from which they don’t recover.

DeFi lending protocol Gearbox has defied that pattern.

Last year, its total value locked fell 80% from its $410 million peak. Users caused the slump by abandoning Gearbox when opportunities to farm airdrops of restaking services like Renzo shrank. TVL is a metric that measures the amount of deposits to a DeFi protocol.

Yet, Gearbox’s TVL has since bounced back to $340 million, DefiLlama data shows. The TVL includes funds borrowed on the protocol.

“A significant aspect of Gearbox’s comeback strategy was integrating assets no one else can,” a Gearbox team member who goes by Mugglesect told DL News.

For instance, Gearbox users can tap into illiquid assets available on protocols like Mellow Finance, a $430 million liquid restaking protocol.

Mugglesect said Gearbox is betting that this growth is anchored in users actually leveraging the protocol rather than chasing the next speculative farming craze.

Gearbox’s revival comes amid a resurgence in crypto’s lending sector that has pushed deposits to $130 billion, catapulting the sector to the summit of DeFi, even overtaking liquid staking, previously the biggest sector.

Unique advantageGearbox is small compared to giants like Aave and Morpho, whose deposits are in the tens of billions of dollars.

But it has a unique advantage: so-called credit accounts, Mugglesect said. These are smart contract wallets inside the Gearbox app that allow users to deploy leveraged capital across several DeFi markets for trading, staking, or providing liquidity.

Users deposit approved collateral like Ether on Gearbox to open a credit account. Based on the account’s leverage limits, they can borrow multiples of their collateral to use as capital to stake on Lido to earn staking yield, provide liquidity on Curve to receive boosted rewards, or trade perpetual contracts.

“You don’t just loop an asset, you borrow up to [40 times] your capital in a credit account and utilise it across DeFi, turning any integrated DeFi protocol leveraged,” Mugglesect said.

“Credit accounts can also connect to assets that aren’t on [decentralised exchanges] or aren’t even tokenised, something traditional lending protocols can’t do.”

Gearbox’s credit accounts offer composability, which means users can integrate across several DeFi markets via the platform.

That’s not possible on other protocols, such as Aave, Morpho, or Compound. There, users must manually transfer borrowed funds to other DeFi apps if they want to farm or stake.

Risk curatorsIn March, Gearbox launched a new lending market called Permissionless. It has been a major boon for the protocol, with credit accounts on Permissionless accounting for $250 million of Gearbox’s TVL.

Permissionless features risk curators. These are DAO-approved managers who define the assets and DeFi strategies that can be used with a Gearbox credit account. They also set the allowable risk parameters, like leverage limits and liquidation thresholds, to keep credit accounts safe for users.

Usually, the Gearbox DAO approves new assets that can be added to the protocol via a governance vote.

“Permissionless enables risk curators to onboard new markets to Gearbox without the DAO intervention,” Mugglesect said.

Under Permissionless, Gearbox has added five new blockchains and more than 25 markets to its lending stack while tripling the protocol’s market expansion, Mugglesect said.

“The protocol is already on 27 [blockchains], the most of any lending protocol,” Mugglesect said. “We’ll be doubling down on more such integrations to create sticky growth.”

Zero bad debtBut with crypto lending comes risks. As Gearbox swallows up more liquidity, the peril for lenders could increase.

The team takes a proactive approach to unforeseen events by forking the networks eight times a day to test against black swan events, Mugglesect said.

Gearbox has already proven its chops in navigating periods of market upheaval, Mugglesect said.

Last year, ezETH, Renzo’s Ethereum liquid staking token, lost its peg to Ethereum due to confusion over the protocol’s airdrop. Users couldn’t redeem ezETH for Ethereum, and that caused a massive selloff on exchanges.

The ezETH depeg caused $56 million worth of user positions to be liquidated, with $33 million of those losses happening on Gearbox due to the protocol’s popularity among restaking airdrop farmers.

Yet Gearbox didn’t suffer any bad debt thanks to its design. That design separates lenders, risk curators, and active borrowers into different layers within the protocol.

It even earned a profit from the ezETH depeg liquidation, whereas Morpho, the second-most affected protocol in the ezETH depeg incident, incurred about $34,000 in bad debt.

The protocol boasts a bad-debt-free track record since its inception in 2021.

Osato Avan-Nomayo is our Nigeria-based DeFi correspondent. He covers DeFi and tech. Got a tip? Please contact him at [email protected].

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Somnia is integrating with Gearbox Protocol to enable SOMI and USDC markets, giving users access to leveraged DeFi strategies and credit accounts on the highest-performance EVM blockchain. Gearbox will also participate in the Somnia Liquidity Points program, meaning early users can earn rewards while exploring these new leverage capabilities.

Gearbox Protocol has established itself as a leader in composable leverage, processing over $1.5 billion in assets through its curator network. Unlike traditional leverage platforms that confine users to internal order books, Gearbox operates as a credit layer that allows borrowed capital to flow across the broader DeFi ecosystem.

With this integration, SOMI holders will have the option of using Gearbox’s credit accounts, where users can deposit SOMI as collateral and borrow against it to execute leveraged strategies across DeFi protocols. This brings new utility to the SOMI token and gives holders additional opportunities for putting their assets to work.

With Gearbox Protocol, Somniacs can maintain exposure to SOMI while accessing liquidity to trade, provide liquidity, or deploy capital across multiple protocols at the same time. The credit account model allows these operations to happen through a single interface rather than requiring users to manage separate positions across different platforms.

Gearbox handles the complexity of margin management, liquidation thresholds, and position monitoring. Users interact with a credit account that automatically manages collateral ratios and exposure limits based on the assets they’ve deposited. For someone holding SOMI who wants to participate in a yield opportunity on another protocol, this removes the friction of unwinding positions or fragmenting capital across multiple wallets.

Gearbox has an established user base that understands leverage, knows how to manage risk, and actively seeks opportunities to deploy capital efficiently. The integration creates a pathway for these DeFi users to discover Somnia through a familiar interface. Someone using Gearbox on another chain can now access SOMI and USDC markets, start building positions, and gradually explore what else exists in the ecosystem.

Leveraged DeFi strategies generate massive volumes of onchain activity. Many leverage protocols struggle with this volume because they’re built on infrastructure where every action carries meaningful latency and cost.

Somnia’s architecture changes this calculus. When a protocol can process over 1 million transactions per second with sub-second finality and sub-cent fees, the constraints that normally limit leveraged strategies start to disappear. Sophisticated trades that involve multiple steps, continuous rebalancing, or frequent position adjustments become viable in ways they aren’t on slower chains.

This applies to automated strategies that might rebalance dozens of times per day, structured products that need to adjust positions based on real-time data feeds, or credit protocols that need to perform constant health checks across thousands of positions. Gearbox strategies that would be prohibitively expensive to run elsewhere become practical on Somnia because the infrastructure can handle the transaction volume these operations generate.

Beyond individual users deploying leverage, Gearbox functions as composable infrastructure that ecosystem projects can integrate without building their own credit systems.

This approach reduces development time and security risk. Credit systems are notoriously difficult to build safely because they involve managing other people’s money under volatile market conditions. By using Gearbox as infrastructure, projects get code that’s been stress-tested across multiple market cycles rather than building their own systems that might have undiscovered vulnerabilities.

For gaming specifically, this opens new design space. A battle royale game could let players leverage their token holdings to enter higher-stakes tournaments. A strategy game could enable borrowing against in-game assets to fund expansion. A prediction market could offer leveraged positions on match outcomes. These features would typically require extensive DeFi expertise to implement safely, but Gearbox makes them accessible to game developers who understand their players but don’t necessarily understand the complexities of DeFi.

Somnia will provide $5 million in initial liquidity to activate the SOMI and USDC markets, giving users sufficient depth to execute strategies without excessive slippage.

This initial liquidity serves as a foundation rather than a permanent commitment. As users deploy capital and market makers add liquidity, the markets will develop their own depth and trading activity. The goal is to reach a point where the markets are self-sustaining, with enough participants that the initial bootstrap capital becomes a small fraction of total liquidity.

Invariant, a leading multichain AMM DEX, will act as a curator, setting parameters like collateral ratios, borrowing limits, and risk thresholds. These parameters determine how much users can leverage, which assets can serve as collateral, and when positions face liquidation. Getting these settings right is important because overly conservative parameters limit utility while overly aggressive ones create systemic risk.

Gearbox’s participation in the Somnia Liquidity Points program means users who provide liquidity or engage with the new markets can earn rewards. Adding Gearbox to the mix gives users another avenue to accumulate points while accessing professional-grade leverage infrastructure.

If you haven’t joined the Liquidity Points program yet, now is the time. Visit the Somnia Liquidity Points dashboard to connect your wallet, explore eligible pools, and start earning.

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Danske Bank: Federal Reserve may raise interest rates at least twice

Danske Bank senior analyst Kirstine Kundby-Nielsen and chief analyst Jens Peter Sorensen stated in a report that they expect the U.S. Federal Reserve to raise interest rates twice, in December 2026 and March 2027 respectively, bringing the federal funds rate to 4.00%-4.25%. "However, we emphasize there is a risk that rate hikes could come earlier and that the number of hikes may exceed two," they said. The first Federal Reserve meeting led by Kevin Warsh sent a clear signal that the Fed is increasingly moving away from forward guidance surrounding future monetary policy decisions. "All signs indicate that (the Fed) is leaning toward having greater discretion in future policy decisions," the Danske Bank analysts added. Source: Jin10

3 minutes ago

SK Hynix's stock price rise widened to 15.4%, while Samsung Electronics gained 6.3%.

According to Bitget data, SK Hynix’s stock price gain has widened to 15.4%, with Samsung Electronics up 6.3%.

3 minutes ago

The entire cryptocurrency market is down across the board; funding rates indicate BTC remains in bearish territory, while ETH’s bullish sentiment is significantly stronger than BTC’s.

According to HTX market data, Bitcoin is currently trading at $61,684.51, down 1.88% in the past 24 hours; Ethereum is at $1,647.36, down 1.48% over the same period. Current funding rates on major centralized exchanges (CEXs) show a clear divergence between BTC and ETH: BTC rates across all platforms have fallen back into bearish territory, while ETH rates on most platforms remain above the neutral range, indicating significantly stronger bullish sentiment for ETH than BTC. BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and underlying asset prices, typically applicable to perpetual contracts. They serve as a fund exchange mechanism between long and short traders; platforms do not collect these fees, instead using them to adjust the cost or return of traders holding contracts, so that contract prices stay close to the underlying asset prices. A funding rate of 0.01% is the benchmark. A rate above 0.01% indicates broad bullish market sentiment, while a rate below 0.005% signals widespread bearish sentiment.

3 minutes ago

South Korea's KOSPI index climbs back above the 9,000 mark, up 6.25% on the day.

According to Bitget data, South Korea’s KOSPI index has returned to the 9,000 level, gaining 6.25% on the day.

3 minutes ago

Silver plunged 6% intraday, breaching the defense of long positions, as a smart money entity reaped $2.16 million in shorting profits.

According to Hyperinsight’s monitoring, the Silver (SILVER) contract on Hyperliquid is currently priced at $56.78, down 6.34% over 24 hours, with a trading volume of $263 million, ranking first in the precious metals sector. Driven by gold prices falling below $4,000 and safe-haven funds flowing back into chip stocks, short sellers have reaped significant profits. Notably, smart money address 0x49e has been shorting Silver on 3x leverage since April 29 at a high of $78.79, holding a position worth $5.77 million, and has already booked a precise profit of $2.16 million (+81%). On-chain Silver whales are overall bearish: the nominal position size of short sellers is approximately 1.5 times that of long positions. The average entry price for short positions is around $65.05, and the current price is 12.7% lower than this level. Long positions are overall trapped, with an average entry price of about $59.75, roughly 5% above the current price. Current short sellers have sufficient safety margins: the nearest short liquidation line stands at $77.18, some 36% above the current price, meaning short sellers face almost no liquidation pressure. Address: 0xe9ffe7698f46f96f980f2877e18c43f5b4165903-HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (enable message sending permission) to automatically sync on-chain updates.

3 minutes ago

China's Supreme People's Procuratorate announced a major drug-related money laundering case: Li Moubo laundered over 48 million yuan via virtual currency and was sentenced to death after combined punishment for multiple crimes.

On June 25, China’s Supreme People’s Procuratorate (SPP) held a press conference. Miao Shengming, SPP’s deputy procurator-general, stated that procuratorial organs are thoroughly investigating both self-money laundering and third-party money laundering crimes, and vigorously promoting the recovery of drug-related assets to ensure full coverage in the investigation and punishment of drug-related money laundering offenses. From January 2025 to May 2026, procuratorial bodies nationwide prosecuted more than 1,200 individuals for drug-related money laundering crimes. A notable example is the major cross-border case of drug smuggling, trafficking, transportation and money laundering involving Li Moubo and others, which was supervised by the SPP and handled by Chongqing’s procuratorial organs. Li laundered over 48 million yuan via virtual currency and was sentenced to death after receiving combined punishment for multiple crimes in accordance with the law. (Xinhua News Agency)

3 minutes ago

Key Takeaways

In the past week, the DODO decentralized exchange has witnessed trading volumes increase by around 8%. Meanwhile, most DeXs have moved in the opposite direction. After a strong March, Uniswap, Pancakeswap, and Curve all saw a decline in trading activity in April. In recent weeks, DODO has witnessed surging trading volumes, even bucking the broad slowdown in DeFi activity that has affected most of its peers in April

Launched in 2020, the decentralized exchange (DeX) offers an alternative take on the traditional Automated Market Maker (AMM) paradigm. Does its recent success mean the Proactive Market Maker (PMM) concept has finally caught on?

AMM vs. PMM: Understanding the Difference Following the model established by Uniswap, classic DeXs rely on AMMs to facilitate trades, automatically setting prices based on the ratio of assets within liquidity pools.

While this approach has fueled the growth of modern DeFi, the Uniswap take on AMMs has some disadvantages. 

For starters, liquidity providers put themselves at risk of impermanent loss, which occurs when the relative value of assets in a liquidity pool changes over time.

Due to the risk of impermanent loss, liquidity providers are typically less inclined to deposit volatile tokens into pools. This is why the largest pools on Uniswap consist of pairs of relatively stable assets.

To solve this problem, DODO developed a more strategic form of AMM that proactively adjusts prices to maintain a more balanced ratio of assets in a given liquidity pool. 

DODO Trading Volume Surges as Other DeXs Stagnate Since February, DODO’s trading volume has been steadily climbing across the different blockchains it is deployed on.

After a strong March, in the past week, it has witnessed an 8.2% increase in trading volume when almost every major DeX has seen activity decline.

DeX trading volumes have declined in April. Source: DeFiLlama. After a strong March,  Uniswap volumes have dropped in April. Meanwhile, the second and third most popular platforms – PancakeSwap and Curve – have seen volumes decline by more than 16%, falling to some of the lowest levels seen since February. 

However, the DODO exchange’s performance is not reflected in the price of its eponymous native token. In the last month, DODO has lost roughly a quarter of its value during a period in which Bitcoin has fallen by less than 4%.

James Morales is CCN’s blockchain and crypto policy reporter. He has been working in the news media since 2020, writing about topics such as payments, banking and financial technology. These days, he likes to explore the latest blockchain innovations and the evolving landscape of global crypto regulation.

With an educational background in social anthropology and media studies, James uses his platform as a journalist to explore how new technologies work, why they matter and how they might shape our future.

Table of contents

The DODO team has announced the launch of DODOchain, an Omni-Trading Layer3 blockchain powered by Arbitrum Orbit, EigenLayer, and AltLayer. DODOchain stands as a pioneering Layer3 solution, bridging the Layer2 networks of Bitcoin and Ethereum and consolidating liquidity from diverse chains into a single platform.

DODO, since its inception in August 2020, has been a trailblazer in the crypto space. It introduced its unique Proactive Market Maker (PMM) algorithm, significantly enhancing capital efficiency and offering improved exchange rates. With the release of DODO V2 in February 2021, the platform expanded its offerings to cater to a broader range of assets and user groups. As of now, DODO operates on the mainnet of 14 blockchains, boasting over $141 billion in total trading volume, more than 24 million transactions, and a user base exceeding 3.31 million.

https://twitter.com/DODO_Chain/status/1782431708752859395

In the evolving landscape of blockchain technology, DODO identified the fragmented liquidity, high costs associated with multichain operations, security risks of cross-chain bridges, and the complexity of interacting with multiple blockchains as significant challenges facing Layer2 solutions. With an unwavering commitment to innovation, DODO proposes DODOchain as a transformative solution to these challenges, aiming to break down barriers between EVM and non-EVM ecosystems and enable the free flow of assets across different chains.

Bridging Blockchain Ecosystems with Layer3 Innovation DODOchain, as a Layer3 solution, focuses on providing customized functions to overcome the limitations of Layer2 in terms of cross-chain interoperability. Acting as a bridge between blockchain ecosystems such as Ethereum, BTC, and Solana, Layer3 facilitates the free flow of data and transactions, enabling seamless connectivity and significantly reducing network fees.

Utilizing Arbitrum Orbit, DODOchain aims to offer users faster transaction execution, minimal gas costs, and higher stable returns. In addition to these benefits, DODOchain will provide omni-chain liquidity outposts, offering users a full suite of products and services including Omni Trade, Omni Liquidity, and Omni Mining. Furthermore, DODOchain will feature a BTC L2 and ETH L2 Connector, enabling connections to BTC L2 and ETH L2 and attracting new users and assets to the platform. Additionally, DODOchain will offer native staking yields for assets, enhancing the overall trading and user experience.

To enhance its capabilities and ensure the security and efficiency of its platform, DODOchain has partnered with key industry players. Arbitrum Orbit offers DODOchain enhanced scalability, efficiency, and ease of use while maintaining the security guarantees of the Ethereum ecosystem. Eigenlayer, with its EigenDA component specializing in data availability, will enable DODOchain to leverage Ethereum’s consensus and security features.

Furthermore, DODOchain has adopted AltLayer’s restaked rollups infrastructure based on EigenLayer’s powerful restaking mechanism, strengthening network security, decentralization, and facilitating rapid deployment and cross-chain interoperability. The DODOchain Testnet provides an opportunity for users to experience the seamless, efficient, and secure ecosystem that DODOchain aims to create for cross-chain trading and liquidity sharing. Explore the DODOchain Testnet at dodochain.com.

Overall, DODOchain introduces a rollup-level liquidity layer that unifies liquidity from various chains. With its support for swaps and cross-chain transactions, DODOchain aims to streamline asset integration and movement in the Omni-chain era, offering a seamless, efficient, and secure ecosystem for cross-chain trading and liquidity sharing.

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.