Crypto exchange Binance has announced it will no longer support four altcoins — BarnBridge (BOND), Dock (DOCK), Mdex (MDX), and Polkastar (POLS). Effective July 22 at 03:00 UTC, it will delist these altcoins, causing a sharp drop in their market value.
This price action reflects market sensitivity to exchange delistings and regulatory actions.
Altcoins Nosedive Following Binance Delisting AnnouncementImmediately following the announcement, the affected tokens saw significant price declines. Specifically, DOCK plummeted nearly 30%, MDX dropped by 23.65%, and BOND and POLS both experienced over 17% losses.
The delistings are part of Binance’s periodic review. Often, it adds the tokens under the monitoring tag before delisting them. For instance, on July 1, Binance included 11 altcoins under its monitoring tag, including DOCK and POLS.
“At Binance, we periodically review each digital asset we list to ensure that it continues to meet a high level of standard and industry requirements,” Binance explained.
Read more: Binance Review 2024: Is It the Right Crypto Exchange for You?
BOND, DOCK, MDX, and POLS Price Performance. Source: TradingViewThe review focuses on several critical factors, such as the project team’s commitment, trading volume, liquidity, network security, and responsiveness to due diligence inquiries.
Trading pairs like BOND/BTC, BOND/USDT, DOCK/BTC, DOCK/USDT, MDX/USDT, and POLS/USDT will see a trading halt, and all existing trade orders will be automatically removed after delisting. Users must withdraw these tokens by October 22, 2024. If not, Binance might convert the delisted tokens into stablecoins, although this is not guaranteed and will be subject to a future notification.
Read more: 11 Cryptos To Add To Your Portfolio Before Altcoin Season
Furthermore, Binance is making adjustments across various services to phase out these altcoins comprehensively. These changes include delisting from Binance Simple Earn and Auto-Invest, ending margin trading for these tokens, and removing them from Binance Convert and Binance Pay by predetermined dates.
DIA spustila DIA Value, on-chain oracle pro spravedlivé oceňování aktiv bez tržní ceny, jako jsou tokenizované státní dluhopisy, fondové NAV tokeny a výnosové tokeny. Už je integrována u Euler, Morpho, Silo a Hydration.
Introducing DIA Value: Intrinsic Valuation Oracle for Institutional DeFiWhen markets don’t exist, market oracles fail. DIA launches fully onchain fair-value pricing for assets from tokenized treasuries to yield-bearing tokens.
In 2020, decentralized finance experienced its Cambrian explosion. Uniswap enabled permissionless trading. Aave enabled permissionless lending. Within three years, DeFi grew to $100 billion in total value locked, all built on a core pricing assumption: assets trade continuously on liquid markets.
Then in 2024, Wall Street arrived.
BlackRock tokenized U.S. treasuries, crossing $500 million in the BUIDL fund within months.[1] Firms like Ondo Finance brought tokenized treasuries to Ethereum. By early 2025, over $50 billion in institutional capital had migrated onchain,[2] with projections from McKinsey, BCG, and others estimating the tokenized asset market could reach $2–16 trillion by 2030.[3]
But these assets share a characteristic: they don’t trade.
Tokenized treasuries don’t have order books. Fund NAV tokens don’t establish price through supply and demand. Yield-bearing tokens have redemption mechanisms encoded in smart contracts — their value isn’t what traders think, it’s what the protocol guarantees you can redeem.
And DeFi’s pricing infrastructure wasn’t designed to handle them.
The oracle space converged on a single architecture: market observation. Aggregate prices across exchanges, decentralize the aggregation through node networks, publish the result onchain. For Bitcoin, Ethereum, and liquid tokens, this works well.
But you cannot aggregate exchange prices when markets don’t exist. You cannot decentralize market data when liquidity is thin or fragmented. And you cannot discover price through trading when trading doesn’t happen.
The infrastructure that unlocked DeFi’s first $100 billion fundamentally cannot price its next trillion.
Market-based oracles solved a real problem: bringing external price data onchain. For assets that trade continuously with deep liquidity, the approach is sound. Implementations vary in how they source data, what transparency they offer, and how they handle edge cases, but the core model works when its assumptions hold.
Those assumptions are: continuous trading activity, deep enough liquidity to resist manipulation, and price discovery through supply and demand. For the new institutional asset classes entering DeFi, they collapse:
Asset Type Continuous Trading? Deep Liquidity? Market Price Discovery? Tokenized T-Bills ❌ ❌ ❌ Fund NAV Tokens ❌ ❌ ❌ Yield-Bearing Derivatives ⚠️ Sporadic ❌ ❌ Synthetic Stablecoins ⚠️ Sporadic ❌ ❌ Cross-Chain LP Tokens ❌ ❌ ❌ When these conditions are absent, market-based oracles face three choices, none of them good:
Aggregate thin, manipulable market data. If a tokenized asset has minimal secondary trading, aggregating those sparse data points creates vulnerability. Thin order books can be manipulated. Single-venue distortions propagate as truth. Stale prices from infrequent trades become risk management inputs.
This isn’t theoretical. On October 10, 2025, $19 billion in leveraged DeFi positions were liquidated in 24 hours.[4] Bitcoin flash-crashed from $126,000 to $103,000, and the cascade was amplified by oracle infrastructure propagating distorted price data from stressed markets into automated liquidation triggers.[5]
Fall back to proprietary data providers. When market data doesn’t exist, some oracle architectures allow protocols to pull from centralized APIs, effectively reintroducing the trust assumptions that decentralized infrastructure was supposed to eliminate.
Paul Frambot, Co-Founder and CEO at Morpho, analyzing RWA pricing challenges, concluded that since tokenized assets “don’t have secondary markets,” DeFi must rely on “trusted price providers.” He’s right that this is where market-based architecture logically ends up when markets disappear.
Simply don’t support the asset. The most common outcome. If an asset doesn’t fit the market-aggregation model, it doesn’t get priced. Over $100 billion in tokenized treasuries, yield-bearing tokens, stablecoins, and other institutional-grade digital assets currently lack sufficient liquidity for reliable market-based pricing.[6]
This isn’t a flaw in any particular implementation. It’s a structural limitation: no market-based oracle, regardless of how sophisticated, can produce manipulation-resistant pricing from markets that are thin, stressed, or nonexistent. The architecture works for liquid assets. For assets whose value is defined by contracts, reserves, or portfolios rather than by trading, it’s a mismatch.
Traditional finance solved illiquid asset pricing decades ago through intrinsic valuation.
When a mutual fund holds private equity or illiquid bonds, it calculates Net Asset Value: sum of all holdings marked at fair value, divided by shares outstanding. When banks value loan portfolios, they use mark-to-model: discounted cash flows and credit risk adjustments. When Circle proves USDC is worth $1.00, they provide reserve verification: auditable proof that $1 of reserves backs each token.
These methods work because they compute value from verifiable inputs rather than observing market trades.
Bringing this approach onchain was previously impractical. Traditional fair value methodologies relied on trusted intermediaries: fund administrators calculating NAV, auditors verifying reserves, risk models run by centralized entities. Blockchain changes this: smart contract states, reserve balances, exchange rates, redemption formulas, and yield accruals can now serve as direct inputs for fair value computation with a degree of transparency that traditional finance never had.
DIA Value is the infrastructure we built for this. It delivers intrinsic fair-value pricing for assets where market data is absent, unreliable, or exploitable. Rather than reporting trades that can be manipulated, Value computes fundamental value from the most direct, verifiable data sources available, applying the same valuation logic that traditional finance has relied on for decades.
Value already powers fair value pricing across lending, stablecoins, and tokenized securities, including integrations with Euler, Morpho, Silo, Hydration, and others.
DIA Value implements five fundamental valuation methodologies:
Net Asset Value (NAV): For tokenized funds holding portfolios of assets. Aggregates fair value of all underlying holdings, applies fees and liabilities, divides by token supply. Proof of Reserves (PoR): For stablecoins and wrapped assets. Verifies reserves equal or exceed circulating supply. Value proven by backing, not trading. Contract Exchange Rate (CER): For yield-bearing tokens (stETH, aTokens). Reads redemption rate directly from protocol smart contracts. Value is what the contract guarantees you can redeem. Reserve-Backing Ratio (RBR): For algorithmic stablecoins and synthetic assets. Computes value based on ratio of collateral reserves to outstanding supply. Redemption Value (RV): For assets with programmatic redemption mechanisms. Calculates the value you would receive by executing the redemption function. Each methodology is designed to maximize pricing independence by deriving value from the most direct source available, whether that’s onchain smart contract state, reserve balances, or authoritative reference data for off-chain backing assets such as tokenized fund NAVs. In some cases, particularly for assets backed by off-chain reserves, Value integrates these inputs transparently, so protocols and users can see exactly how each price is computed and what data sources it relies on.
When a protocol queries Value for a tokenized treasury fund price, the system:
Reads the fund’s smart contract to enumerate holdings Prices each holding using the appropriate methodology Applies fees and liabilities encoded in the contract Returns per-share NAV with full calculation transparency A market-based oracle can’t do this because it’s looking for trades that don’t exist. Value computes intrinsic value from verifiable facts.
To be clear: this does not replace market oracles for liquid assets. DIA’s own market-based oracle, Market, handles pricing for assets with observable trading activity, sourcing data directly from exchanges. Value complements that foundation for assets whose value is defined by contracts, reserves, or portfolios rather than by trading.
Market-based oracles answer: “What did the last trade say?” Fair value oracles answer: “What is this asset fundamentally worth?”
Use Case Market Oracle Approach Intrinsic Value Approach Tokenized T-Bills Aggregate thin secondary trades (stale, manipulable) Compute redemption value from treasury contract + yield accrual Fund NAV Tokens Report last trade price (may be days old) Calculate real-time NAV from portfolio holdings Yield-Bearing Tokens Observe stETH/ETH pair (deviates from redemption) Read exchange rate directly from Lido contract Stablecoins Assume $1.00 or use thin DEX prices Verify reserves and compute backing ratio This shift unlocks capabilities that market-based oracles structurally cannot provide:
Institutional-grade collateral acceptance. Lending protocols can accept tokenized treasuries and fund shares as collateral based on auditable intrinsic value rather than manipulable secondary market prices. Euler’s recent integration demonstrates this in practice.
Regulatory-compliant fair value accounting. Fair value measurement standards (IFRS 13, ASC 820) explicitly require intrinsic valuation methods when markets are inactive. Value’s methodologies align with these frameworks.
Manipulation resistance through architecture. October 10th demonstrated that market-based oracles remain vulnerable when underlying markets are stressed. Fair value computation sidesteps this: you cannot game NAV calculation by moving thin order books.
Cross-chain pricing without fragmented liquidity. When an asset exists on multiple chains, market-based oracles face fragmented liquidity. Fair value oracles compute redemption value once from the canonical contract and publish everywhere. The value is the same because it’s derived from fundamental backing, not chain-specific trading.
What Value doesn’t solve:
It’s worth being clear about the boundaries. Value solves fair value for assets with verifiable data sources. Remaining challenges are governance and trust boundary questions, not architecture failures:
Off-chain reserves (e.g., Circle’s bank accounts) still require attestation. Value makes attestation auditable, but trust in the attester remains. Cross-chain verification depends on bridge security. Disputed valuation formulas for complex derivatives may have competing fair value models. Value executes formulas transparently, but choosing the right formula requires governance. Smart contract risk: if the contract is wrong, the valuation is wrong. Value surfaces this transparently rather than obscuring it, but the risk exists. When pricing infrastructure no longer depends on market liquidity, new capabilities open up across DeFi.
Lending protocols accept tokenized treasuries without oracle risk. Vault platforms can offer rates against tokenized fund shares based on auditable NAV, not whether someone traded yesterday.
Stablecoins verify reserves across complex, multi-chain structures. Next-generation stablecoins hold diversified portfolios of yield-bearing tokens and cross-chain assets. Value makes real-time reserve verification possible even when components are illiquid or fragmented.
Asset managers tokenize funds with real-time NAV onchain. Traditional funds calculate NAV once daily. Onchain funds can compute real-time NAV continuously, but only if the pricing infrastructure handles illiquid holdings and cross-chain positions.
Institutions meet regulatory fair value requirements without centralized intermediaries. The shift from centralized API providers to verifiable intrinsic computation is the difference between traditional finance with a blockchain wrapper and genuinely decentralized institutional infrastructure.
Risk curators build sophisticated credit models without market dependency. Professional risk managers, from established firms to emerging specialists, need to model scenarios, stress-test collateral, and assess fundamental value independent of market panic. Fair value infrastructure gives them the primitives to do this properly.
Bitcoin sitting idle is a trillion-dollar opportunity cost. hemiBTC lets holders deploy BTC productively into DeFi, but that only works if the pricing layer can verify the actual Bitcoin backing each token onchain. DIA Value does exactly that, no secondary market dependency, no centralized attestations. It's the kind of infrastructure that makes Bitcoin-native DeFi viable: fully trustless and verifiable.
Jeff Garzik
Co-Founder, Hemi Network
When you operate a stablecoin across four chains, pricing fragmentation becomes a real engineering problem. DIA Value solved this for us by computing USDp's fair value directly from onchain redemption data, reading collateral composition and redemption curves from our smart contracts. One verifiable fundamental price, consistent everywhere. That's what lets integrators treat USDp as reliable collateral without building custom pricing logic per chain.
Noah Boisserie
CEO, Cooper Labs
satUSD+ is a yield-bearing stablecoin, and its value is defined by what the protocol's staking contract actually pays out, not by what someone last traded it for on a DEX. DIA Value computes that fair value directly from onchain data, which means lending markets and vault strategies integrating satUSD+ can verify the price they're seeing. For an omnichain stablecoin system like ours, that reliability is non-negotiable.
River Team
River
Fundamental pricing methodologies will drive the next wave of institutional capital being deployed onchain. It is a prerequisite that has been missing from DeFi’s infrastructure stack, and its arrival expands the addressable market for oracle infrastructure significantly beyond price feeds.
Market-based oracles gave DeFi the rails to price liquid markets. Value gives DeFi the foundation to price everything else.
The shift from market observation to intrinsic computation expands what oracle infrastructure can do, specifically into the asset classes that institutional DeFi needs priced to grow.
DIA spustila pro USDh na Stacks fundamentální cenový feed, který počítá férovou hodnotu přímo z BTC a stablecoinových rezerv Hermetica. Při plném krytí oceňuje USDh na 1,00 USD.
DIA’s fundamental valuation oracle computes USDh’s fair value directly from its Bitcoin and stablecoin reserves, replacing market-based pricing with verifiable reserve verification on Stacks.
Hermetica builds Bitcoin yield infrastructure on Stacks. Its stablecoin, USDh, is backed by a combination of BTC and stablecoin reserves held by the protocol. Users can earn yield on their Bitcoin through Hermetica’s products while USDh serves as the stable unit of account in the system.
USDh’s value is defined by what backs it: verifiable reserves of Bitcoin and stablecoins. For an asset with this structure, the architecturally correct pricing approach is to compute value directly from the reserves, not to observe secondary market trades. Market-based pricing can be a reasonable methodology in certain cases, but reserve verification is the methodology that matches how the asset actually works.
For lending protocols like Zest that integrate USDh into their contracts, pricing accuracy directly affects position health calculations, collateral valuations, and liquidation logic. The price feed needs to reflect what USDh is fundamentally worth based on its backing, updated reliably and transparently.
DIA's oracle infrastructure and Hermetica's reserve-backed design are complementary. Bitcoin DeFi no longer needs to rely on volatile market-based pricing. Instead, institutions and individuals alike can benefit from the manipulation-resistant fair value price for USDh that DIA enables.
Jakob
Founder & CEO, Hermetica
DIA deploys a Reserve-Backing Ratio (RBR) fundamental feed for USDh through the DIA Value oracle. Instead of observing secondary market trades, the oracle computes fair value directly from Hermetica’s reserve composition.
The process works as follows. The oracle reads the current state of Hermetica’s reserves, including BTC holdings and stablecoin balances, from the protocol’s backing data. It then compares total reserve value against USDh circulating supply. If reserves meet or exceed supply, USDh is priced at $1.00. If reserves fall below supply, the oracle reflects the actual backing ratio, pricing USDh at $1.00 multiplied by the fraction of reserves over outstanding supply.
This means the price USDh carries onchain is always derived from what actually backs it, not from what someone last paid for it on a DEX.
The feed is live on the Stacks public good oracle, where any protocol or user can query the USDh/USD value in real time.
The transition from market observation to reserve verification reflects a broader principle. Bitcoin-backed stablecoins derive their value from their reserves, not from trading. The correct oracle methodology for this asset class is one that computes value from verifiable backing data, just as traditional finance prices money market funds from their NAV rather than from secondary trades.
DIA Value’s RBR methodology makes this computation transparent and continuous. Lending protocols consuming the feed can trust that the price reflects verified reserve backing. This is especially important during periods of broader market volatility, when the value of stablecoins needs to be anchored to fundamentals rather than short-term market dynamics.
The integration also demonstrates a broader pattern in how stablecoin pricing infrastructure needs to evolve. As more stablecoins adopt complex reserve structures spanning multiple asset types and chains, the ability to compute fair value from verifiable backing data becomes a prerequisite for institutional adoption, not a nice-to-have.
DIA začala pro River poskytovat cenové feedy pro satUSD na pěti blockchainech a fundamentální ocenění satUSD+ podle onchain dat. Cílem je přesnější a ověřitelné nacenění pro lending a vault strategie.
DIA delivers market price feeds for satUSD across five chains and fundamental valuation for satUSD+, giving lending markets and vault strategies verifiable pricing for River’s stablecoin ecosystem.
River operates a chain-abstraction stablecoin system built around satUSD, an over-collateralized stablecoin backed by BTC, ETH, BNB, and liquid staking tokens. Users who stake satUSD receive satUSD+, a yield-bearing token that compounds automatically while remaining composable across DeFi.
This creates a pricing challenge that a single oracle approach cannot solve.
satUSD trades on secondary markets across multiple chains. For this asset, market-based pricing works: aggregate trades, filter outliers, publish the result. But satUSD+ is different. Its value is defined by what the staking contract pays out, not by what someone last traded it for on a DEX. Thin secondary markets for yield-bearing tokens are vulnerable to manipulation, and stale trade data misinforms the risk models that lending protocols and vault curators depend on.
River needed both: reliable market pricing for satUSD and intrinsic valuation for satUSD+.
DIA provides market price feeds for satUSD on Ethereum, BNB Chain, BOB, Arbitrum, and Base, matching River’s omni-CDP architecture, where users deposit collateral on one chain and mint satUSD on another via LayerZero. Pricing infrastructure has to follow the asset wherever it goes.
Each feed is powered by DIA’s Decentralized Feeder Network, where independent feeders scrape real-time trade data directly from the exchanges where satUSD trades, aggregate it through a verifiable two-step process on DIA’s own blockchain, and deliver the result onchain. No intermediary data vendors, no opaque pipelines. Protocols consuming the feed can trace every price back to its source trades.
For satUSD+, DIA deploys a fundamental feed using the Contract Exchange Rate (CER) methodology from DIA Value. Rather than observing secondary market trades, the feed reads the satUSD+/satUSD exchange rate directly from the vault contract on BNB Chain, computing fair value from what the protocol actually guarantees you can redeem.
This means lending markets and vault strategies integrating satUSD+ can price the asset based on verifiable onchain data rather than sparse DEX activity. The distinction matters most precisely when it matters most: during periods of market stress, when thin order books deviate furthest from fundamental value.
satUSD+ is a yield-bearing stablecoin, and its value is defined by what the protocol's staking contract actually pays out, not by what someone last traded it for on a DEX. DIA Value computes that fair value directly from onchain data, which means lending markets and vault strategies integrating satUSD+ can verify the price they're seeing. For an omnichain stablecoin system like ours, that reliability is non-negotiable.
River Core Team
Full contract addresses and integration guides are available in River’s documentation.
River’s TVL and cross-chain architecture make it a clear example of why oracle infrastructure needs to go beyond market observation.
As professional risk curators and capital allocators evaluate yield-bearing stablecoins for vault strategies, they need pricing they can model against. A last-trade price from a low-liquidity DEX pair is not that. A verifiable exchange rate read from the issuing contract is.
DIA Value’s fundamental valuation methodologies exist precisely for this category of asset: tokens whose value is defined by contracts, reserves, or portfolios rather than by trading. River’s satUSD+ is a textbook case of the Contract Exchange Rate methodology in action, and the integration demonstrates how market feeds and fundamental feeds work as complements within a single protocol’s oracle stack.
Parallel Protocol integroval DIA Value pro ověřené onchain cenové feedy pro USDp a sUSDp napříč Hyperevm, Base, Avalanche a dalšími sítěmi. Feedy jsou už v produkci.
Fundamental and market price feeds for USDp and sUSDp now live across Hyperevm, Base, and Avalanche
Parallel Protocol has integrated DIA Value to deliver verifiable onchain price feeds for its stablecoin system. The integration covers both USDp and its yield-bearing wrapper sUSDp across four networks, and is live in production.
USDp is a collateral-backed stablecoin deployed across Hyperevm, Base, and Avalanche. That multichain footprint creates a pricing problem that market-based oracles handle poorly: liquidity is fragmented across chains, thin order books invite manipulation, and yield-bearing wrappers like sUSDp require chain-local vault rate accounting that single-price feeds don’t support.
The integration provides two complementary feed types:
Fundamental feeds compute USDp’s fair value directly from onchain redemption data. The oracle reads collateral composition and redemption curves from Parallel’s smart contracts in real time, producing a price that reflects what USDp can actually be redeemed for rather than what a thin secondary market last traded. For sUSDp, the fundamental feed multiplies the USDp benchmark by the chain-local vault exchange rate, keeping the price accurate per deployment.
Market feeds provide a separate USDp price sourced directly from trading venues, published under a distinct key so protocols can choose the methodology appropriate for their use case.
Both feeds are available via AggregatorV3-compatible adapters across all four chains.
When you operate a stablecoin across four chains, pricing fragmentation becomes a real engineering problem. DIA Value solved this for us by computing USDp's fair value directly from onchain redemption data, reading collateral composition and redemption curves from our smart contracts. One verifiable fundamental price, consistent everywhere. That's what lets integrators treat USDp as reliable collateral without building custom pricing logic per chain.
Noah Boisserie
CEO, Cooper Labs
For full technical implementation detail, see Parallel’s integration post.
DIA se stává oracle vrstvou pro LitVM, první trustless EVM rollup na síti Litecoin. Na LiteForge už běží cenové feedy pro BTC, LTC, ETH, USDC a další aktiva.
Litecoin launched in 2011 as a payments network. For 14 years it has operated without native smart contracts, DeFi, or programmable assets. LitVM changes that.
LitVM is Litecoin’s first trustless EVM rollup, officially endorsed by the Litecoin Foundation. It is built on Arbitrum Nitro with Succinct’s SP1 zkVM for validity proofs and BitcoinOS’s Grail Bridge for trustless LTC transfers. Its LiteForge testnet is live, opening Litecoin to DeFi protocols, yield markets, and tokenized assets for the first time.
Every protocol that deploys on LiteForge needs pricing infrastructure. Lending markets mark collateral against oracle prices. DEXs quote reference rates. Without reliable feeds, nothing that touches price data ships.
DIA is now the oracle layer for LitVM.
Price feeds for BTC, LTC, ETH, USDC and other major assets are deployed on LiteForge (chain ID 4441). Both push and pull delivery are available. Each dApp on LitVM configures its own data sources, update frequency, and deviation or time-based triggers. Lending protocols and perp DEXs have different requirements from the same infrastructure.
DIA sources data directly from exchanges and onchain venues rather than relying on third-party aggregators. Every feed is transparent at the source level. Long-tail assets native to LitVM’s ecosystem can be supported on request.
DIA's transparent, source-level data feeds align with what we're building: a DeFi ecosystem where nothing is hidden and nothing is trusted blindly. We're proud to have DIA as LitVM's oracle infrastructure provider.
Aztec Amaya
Co-Founder, LitVM
LitVM’s roadmap extends into tokenized commodities, institutional yield, and AI applications. DIA’s product stack covers all three: RWA price feeds, proof of reserves and fundamental feeds, and verifiable randomness. These are available to LitVM builders as use cases emerge on the rollup.
The integration guide is available at diadata.org/docs/guides/chain-specific-guide/litvm. LitVM builders can request custom feed configurations or additional asset support by reaching out to the DIA team.
Coinbase Derivatives podala u CFTC žádost o spuštění futures na Avalanche, Chainlink, Polkadot, Stellar a Shiba Inu. Obchodování má začít po 15. červenci.
The derivatives arm of crypto exchange Coinbase has just submitted to the Commodity Futures Trading Commission (CFTC) documents to self-certify the listing of new futures products tied to five popular crypto assets.
According to the filings, Coinbase Derivatives is launching futures contracts for Avalanche (AVA), Chainlink (LNK), Polkadot (DOT), Stellar (XLM), and Shiba Inu (SHB), which will all be offered for trading on or after July 15th.
[adinserter block="1"]
The documents say that Coinbase has spoken with futures commission merchants (FCMs) and market participants who support the decision to launch the contracts.
“The Exchange is not aware of any substantive opposing views to the Contract. The Exchange certifies that the Contract and related rules certified herein comply with the Commodity Exchange Act and the rules and regulations promulgated thereunder.”
In a statement, Coinbase Derivatives says it will be the first futures exchange in the US to introduce CFTC-regulated margined futures contracts for AVA, LINK, DOT, XLM and SHB.
“With the addition of AVA, LNK, DOT, XLM, and SHB, our participants and their clients gain more access points to manage risk, speculate on price movements, and participate in the crypto economy with reduced upfront capital requirements.”
Coinbase Derivatives also recently launched commodities futures contracts for oil and gold after noticing increased demand for retail-focused products on accessible and regulated exchanges. The new futures contracts are sized at 10 barrels of oil and one troy ounce of gold.
Travala.com plně integroval Solanu a nově nabízí odměny v SOL za cestovní rezervace. Uživatelé mohou také bez poplatků vkládat a vybírat SOL, USDT a USDC.
Users may now take advantage of zero-fee transactions when booking travel by using the Solana network integration. Additionally, user account wallets now support SOL, according to Travala.com. Crypto-native travel platform Travala.com, has said that it has extensively integrated the Solana network across the platform and will provide SOL travel rewards to users of its loyalty program. Following an AVA community vote, the integration will also see the deployment of AVA—the token used to access the travel reward program on Travala.com in conjunction with the AVA Foundation—deployed on Solana, making it the third network after Ethereum and BNB Chain where the AVA token may be accessible.
Travel bookings utilizing assets on the Solana network, such as SOL itself and USDT, USDC, and more, are now possible for Solana users thanks to Travala.com’s decision to offer support for the fourth-largest blockchain in the world by market capitalization.
Travelers will soon be able to use the AVA Smart Program, the travel loyalty program accessible on Travala.com, to get up to 10% of every booking back in SOL rewards as part of the extensive integration. As of right now, loyalty members may choose from a variety of travel reward alternatives based on their tier, including Bitcoin, AVA, and Travala.com Travel Credits. SOL will only be the third reward token available inside the loyalty program.
Additionally, user account wallets now support SOL, according to Travala.com. Less than ten cryptocurrencies are supported natively by the account wallet, despite the fact that Travala.com supports over 100 cryptocurrencies. Users may now take advantage of zero-fee transactions when booking travel by using the Solana network integration to make deposits and withdrawals of SOL, USDT, and USDC into their Travala.com account.
Juan Otero, CEO of Travala.com stated:
“The Solana network has become one of the most-used blockchains due to its cost effectiveness and scalability. Not only is the amount of activity within the Solana ecosystem incredible, so is the creativity. As innovators at Travala.com, the technologies that can be harnessed on the Solana network open significant avenues to build the next phase of travel.”
Beyond extending support for the Solana network and the soon-to-be SOL travel rewards, the connection goes beyond that. Travala.com has pledged to embrace the Solana ecosystem and will develop products on the high throughput network to capitalize on Solana’s cheap transaction costs and scalability. Going forward, Travala.com’s development strategy will be centered on Solana, with the aim of developing products that increase the practical applications of the Solana ecosystem.
The recent decision by Skyscanner to integrate Travala.com, which makes its inventory of more than 2,200,000 hotels completely discoverable on Skyscanner’s platforms, is followed by Travala.com’s integration with Solana. With this integration, Travala.com became the first crypto-native travel platform to be included to Skyscanner, a website that receives 110 million monthly visitors and users complete 80 billion searches daily.
Travala.com, which was established in 2017, is the top crypto-native travel booking platform, including over 2,200,000+ properties across 230 countries, over 400,000 activities, and over 600 airlines worldwide. As an advocate for the use of cryptocurrencies, Travala.com accepts more than 100 popular cryptocurrencies in addition to conventional payment options. For qualifying reservations booked on Travala.com, Smart members may take advantage of extra savings and loyalty benefits in addition to the website’s amazing pricing via its Best Price Guarantee. Go to www.travala.com to learn more about Travala.com.
A trader himself, Rossi has 7 years of experience trading in the forex market and the passion for writing has brought him to Newscrypto. He is the perfect combination of market knowledge and writing skills, making him one of the most sought-after writers on cryptocurrency.
Binance Margin ukončí obchodování několika marginových párů vůči BTC, včetně BAND/BTC, GTC/BTC, HIGH/BTC, PERP/BTC, STPT/BTC a AVA/BTC. Týká se to jak cross, tak isolated margin obchodování. Delistování začne 4. prosince 2024 pozastavením isolated margin půjček a úplné odstranění včetně automatického uzavření pozic a zrušení čekajících příkazů proběhne 11. prosince 2024 v 06:00 UTC. Uživatelé by měli před konečným odstraněním uzavřít pozice a převést aktiva do spotových peněženek.
Binance Margin will phase out several BTC margin trading pairs, including Band Protocol, Gitcoin, Highstreet, Perpetual Protocol, STP, and AVA. This affects both cross and isolated-margin trading options, reducing available pairs for users.
The exchange has cautioned users to close positions and transfer affected assets from Margin Wallets to Spot Wallets to avoid potential losses. However, despite the delisting news, coins like Highstreet and Perpetual Protocol have surged by 6% to 12% in price, while AVA, Gitcoin, BAND, and STP recorded modest gains of 1% to 2%. This mixed market response highlights varying investor sentiment across the affected assets.
Binance To Delist These Tokens On December 3, Binance informed users about upcoming changes to its margin trading offerings. Several BTC trading pairs, including Band Protocol, Gitcoin, and Highstreet, will no longer be available for cross or isolated-margin trading.
According to the announcement, BAND/BTC and GTC/BTC cross-margin pairs, along with isolated margin pairs like AVA/BTC, HIGH/BTC, PERP/BTC, and STPT/BTC, will be removed. The delisting process begins on December 4, 2024, with the suspension of isolated margin borrowing. Full removal, including automatic closure of positions and cancellation of pending orders, will occur on December 11, 2024, at 06:00 UTC.
Binance, one of the top crypto exchanges, advises users to act proactively by closing positions and transferring funds to Spot Wallets ahead of these deadlines. While these pairs are being phased out, the underlying assets will still be tradable on other available pairs within the platform. These changes aim to streamline Binance’s offerings and better align with market demands.
Price Movements Of The Crypto Amid Delisting November saw a bullish trend in the crypto market, with approximately $1 trillion added in just one month. This surge in market momentum has positively impacted several of the affected assets, despite Binance’s delisting announcement.
Band Protocol (BAND) price traded at $1.90, up 4% in the last 24 hours and 22% over the past week. GTC price surged 40% in the past week, reaching $1.20, and has gained 100% over the last month. PERP rose 7% to $1.03, marking a 20% increase in just one week.
Highstreet (HIGH) price also saw strong performance, up 12% to $2.04. Meanwhile, STPT price exchanged hands at $0.05, a 40% hike over the past month. AVA price was up 8%, priced at $0.72, reflecting a positive short-term outlook despite the upcoming delisting.
Binance spustila perpetual kontrakt LOKAUSDT pro League of Kingdoms Arena (LOKA) a token na zprávě vyskočil o více než 20 %. Objem obchodů za 24 hodin vzrostl o 155 % na 22,74 milionu USD.
With crypto exchange giant Binance extending support to the League of Kingdoms Arena (LOKA) P2E crypto project, market sentiments surrounding the token turned highly bullish on Tuesday. LOKA price shot up nearly 20% as the exchange announced futures listing for the token on its platform. Meanwhile, traders appear to have reacted positively to the listing announcement, as even the coin’s intraday trading volume rocketed nearly 155%.
Binance Debuts League of Kingdoms Arena (LOKA) Futures Trading In an official Binance announcement dated September 24, the leading crypto exchange revealed that it is launching the LOKAUSDT perpetual contract today at 11:30 UTC. This decision by the exchange comes as a mover to expand the list of trading choices offered on the platform.
Binance notified that users could enjoy up to 75x leverage when trading the asset. The capped funding rate was set at +2.00% / -2.00%, per the announcement. Further, the tick size was set at 0.0001 by one of the top crypto exchange. However, the listing announcement also notified users that the perpetual contract may be subject to potential changes ahead, primarily due to market risk conditions. These potential changes could encompass adjustments in funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements.
It’s also worth noting that League of Kingdoms (LOKA) is a blockchain-based Massively Multiplayer Online (MMO) strategy game. For context, it is also a play-to-earn ecosystem that allows players to earn real income through in-game participation.
P2E Token Price Blows Up 20% At press time, LOKA price shot up slightly over 20% from its 24-hour low to trade at $0.2723. The coin’s intraday low and high were $0.2236 and $0.2959, respectively. LOKA’s 24-hour trading volume experienced a 155% surge to $22.74 million in light of Binance’s listing announcement. Intriguingly, today’s price upswing primarily aligns with the futures trading announcement, as also seen in other tokens’ price action post-listing.
Notably, Aavegotchi (GHST) price soared nearly 37% on Binance futures listing, CoinGape Media reported yesterday. Simultaneously, another report revealed that Telegram-based P2E crypto project Catizen (CATI) price skyrocketed remarkably on its debut on the exchange. Overall, these chronicles validate LOKA’s price upswing witnessed today.
League of Kingdoms spouští Arena-Z, novou blockchainovou herní platformu Layer 2 na AZ Chain, vytvořenou ve spolupráci s Optimismem na Superchainu. Hra i její kolekce NFT se přesouvají z Polygonu na AZ Chain kvůli rychlejším transakcím a nižším poplatkům.
The world’s first blockchain MMORTS game, League of Kingdoms, has announced the launch of Arena-Z, a brand-new blockchain chain and gaming platform tailored specifically for Web3 gaming. AZ Chain is a Layer 2 solution created in partnership with Optimism and built on the Superchain to improve scalability and gaming performance.
As a part of the Superchain collective, AZ Chain guarantees complete EVM compatibility while providing fast transaction speeds, short block times, and low fees. This infrastructure facilitates a smooth user experience and fosters an expanding developer and players community. With this platform, the blockchain gaming community will have more earnings opportunities and a future free of gas.
In order to provide a solid basis for Arena-Z’s Web3 gaming activities, League of Kingdoms will also be migrated to the AZ Chain. This move will capitalize on the game’s four years of sustainable operation, millions of players, and multi-million NFT transactions. In order to expand the selection of digital assets accessible to players, League of Kingdoms’ well-liked NFT collections are being transitioned from Polygon to AZ Chain as part of this shift.
Arena-Z provides development tools including SDKs and APIs, community building, marketing assistance, and grants in addition to incubating and assisting new Web3 gaming studios. This initiative is a component of a larger endeavor to promote development and innovation in the blockchain gaming industry.
With its Plug & Play Web 2.5 SDK and marketplace SDK, which simplify the integration and introduction of unique gaming NFT marketplaces for developers, Arena-Z is a leader in technological innovation. For mainstream gamers, the platform’s native payment gateway, on/off ramps, and Web 2.5 game portals streamline the onboarding process. Arena-Z ensures quick performance with their AZ Chain, attaining 2-second block timings, 293 transactions per second capacity, and less than $0.01 in transaction fees.
An engineering graduate who is passionate about writing and loves the very existence of crypto. Trading forex currency keeps me busy when I am not writing and analysing the crypto world.
Yield App ukončuje veškerou činnost a chystá se do likvidace po ztrátách spojených s kolapsem FTX. Firma uvedla, že šlo o ztráty v portfoliu od třetích správců hedge fondů.
Backed by AGE Crypto and Alphabit, crypto wealth management platform Yield App has announced its shutdown following losses linked to the collapse of FTX.
Yield App appears to be the latest crypto firm to fall victim to the fallout from the FTX collapse, announcing in a Jun. 28 post on X the closure of “all activity” as it “prepares to enter liquidation proceedings.”
Suspension of platform activity ahead of liquidation proceedings
28 JUNE 2024, 04:15 UTC: Yield App Ltd, a Seychelles-incorporated limited liability company, is today, Friday 28 June 2024, announcing the suspension of all activity on the digital wealth platform…
— Yield App (@YieldApp) June 28, 2024 Founded in 2020 by Tim Frost, Justin Wright, Jan Strandberg, and Jason Corbett, Yield App marketed itself as a “one-stop crypto wealth platform where you can earn interest, buy, and swap between your cryptocurrency assets.” Now, the firm is trying to get its funds stuck on the FTX crypto exchange.
“Yield App asks for the patience of its valued customers as it works with its advisors, with whom it jointly commits to releasing further information, including detailed FAQs, at the earliest possible date.”
Yield App
In the X post, Yield App attributed the decision to “portfolio losses incurred through third-party hedge fund managers that held Yield App assets in custody on the collapsed cryptocurrency exchange FTX, and who are subject to ongoing litigation.”
Although the firm didn’t disclose the name of the hedge fund, earlier reports suggested that Yield App’s funds might be trapped on FTX due to “criminal” mismanagement by Swiss hedge fund Tyr Capital Partners.
Tyr allegedly ignored internal risk limits and investor warnings regarding its exposure to FTX. While Yield App wasn’t a direct client of Tyr, it was a client of TGT, a fund whose directors included Yield App co-founders Wright and Corbett, which had invested with Tyr on Yield App’s behalf.
FTX collapsed in November 2022 amid allegations of embezzlement and misappropriation of billions of dollars in customer funds involving its owners and affiliated hedge fund Alameda Research. Sam Bankman-Fried, the founder of the exchange, was sentenced to 25 years in prison and ordered to reimburse $11 billion.
FOLD od Manifold Finance spadl na nové minimum 64 centů, což je 98 % pod vrcholem 87 USD. Zakladatel Sam Bacha mezitím přestal pravidelně komunikovat a podporovatelé žádají odpovědi.
Manifold Finance's FOLD token crashes to 64 cents from a $87 peak amid product disappointment.Founder Sam Bacha goes quiet, responds to concerns with memes and jokes.Once-promising startup raised $2.5 million from VCs before downward spiral.Manifold Finance, a onetime buzzy crypto project, has plunged into turmoil.
Its erratic founder is unreachable, the price of its token is plummeting, and frustrated supporters are pleading for updates.
Manifold’s token, FOLD, hit an all-time low of 64 cents on November 8 — 98% off its 2022 peak of $87 — even as crypto markets surged on the election of Donald Trump as the US president.
Fold’s worth peaked at more than $87, and it was trading above $30 as recently as April. In 2022, the venture’s market value topped $128 million. Now it’s only $2 million.
Disappointing responseThe token has crashed amid a disappointing response to Manifold’s year-old liquid staking product, which was meant to compete with the likes of crypto giants Lido and Rocket Pool.
It has also suffered as a prominent backer stopped providing liquidity for the token on decentralised exchange SushiSwap earlier this year.
Meanwhile, founder Sam Bacha has not provided regular updates on a forthcoming product meant to reverse Manifold’s declining fortunes. Self-imposed deadlines have come and gone.
Bacha has occasionally commented in a 2,500-person Telegram chat without offering any explanation as to his whereabouts or Manifold’s progress, instead cracking jokes and sharing irrelevant memes, infuriating some supporters.
Lost supportEven one of Manifold’s most prominent investors, crypto influencer Jordan Fish, better known as Cobie, said in the group Telegram chat that he has lost faith in the company.
“I invested in it in 2021, and at the top, it was worth like $5m and now it’s worth 0,” Fish told DL News. “I don’t know what to tell you, yeah, seems like it failed, crypto investments are risky, maybe I should’ve sold the top, it is what it is.”
‘When did you last talk to Sam? He still alive?’
— Supporter on TelegramPhilipp Zahn, a co-founder of Manifold partner 20squares, declined to comment to DL News, but called the company a “former client.”
Bacha and Alexander Bradley, Manifold employee, did not respond to multiple requests for comment.
Manifold isn’t Bacha’s first project to go sideways.
His last crypto startup, Block Array, appears to be defunct, and has been dogged by allegations of fraud. What’s more, this isn’t the first time he’s gone weeks without providing the status updates that are de rigueur in the crypto industry.
But with the collapse of Manifold’s token and supporters’ anger boiling over, Bacha’s behaviour has taken a more ominous tone.
It’s the latest example of the pitfalls that come with crypto’s freewheeling culture.
Past troubleBacha graduated from the University of Tennessee at Chattanooga in 2013, according to his LinkedIn account, which noted he had stints at AT&T and Amazon before founding his first blockchain-based startup in 2017.
Block Array’s website and white paper were inaccessible on Friday. The X account for its Freight Trust product has been suspended. Freight Trust’s token, EDI, is seldom traded and, despite a total supply of 600 million, had no market value Friday, according to Etherscan. Block Array’s token, ARY, is also worthless, according to Etherscan.
Malicious botsManifold was founded in 2021 to help crypto traders avoid front-running from malicious bots. It raised $2.5 million from P2P.org, Marshland Capital, and several other venture investors.
A version of that anti-front running software was developed for SushiSwap, a decentralised crypto exchange.
But it was quickly shelved due to software bugs. SushiSwap declined to integrate a retooled version of the software, opting to pursue development of an in-house version instead.
After forays into other crypto middleware, Manifold eventually pivoted to liquid staking, a multibillion-dollar business long dominated by DeFi giant Lido.
But Manifold’s liquid staking token, mevETH, saw little uptake after its launch a year ago; the market value peaked at $36 million in March.
Certain transactionsSince then, it has been working in collaboration with German research firm 20squares on a new product, XGA.
XGA is meant to ensure prompt confirmation of certain transactions, which sometimes wallow on Ethereum when a user doesn’t pay a sufficient fee.
Manifold investors held out hope XGA would lift the company from its doldrums. Without warning, however, Bacha stopped providing regular updates on his company’s work.
‘Where were you for the last 30 days? Why not a single reply here in the channel?’
— Supporter in Telegram channelCrypto security firm KebabSec had started an audit of XGA’s code, Bacha said in a September 2 update shared in the Telegram group chat. It is unclear whether that audit has been completed.
Bacha also said Manifold would begin testing XGA on an Ethereum-based test network September 17. A revamp of FOLD’s so-called tokenomics would be detailed by the end of that month, he added.
None of that appears to have happened.
“When did you last talk to Sam? He still alive?” one supporter asked in the Telegram chat on October 28.
Later that day, Bacha broke his silence to ask for feedback on Manifold’s revamped website. And he promised he would promptly share more information.
“I will post the long awaited update today comrades,” he wrote.
That update never came.
Dim moodOn October 30, Bacha took to Manifold’s seldom-used governance forum to propose the Manifold community move its conversation to social media app Discord.
The proposal was panned by supporters, who said that was the least of their concerns.
“Where were you for the last 30 days? Why not a single reply here in the channel? The mood is pretty dim,” one wrote.
“I was being vetted to become Trump’s new Crypto Czar,” Bacha replied in an apparent joke.
Missed deadlinesIn a subsequent message, he took aim at supporters who had accused him of blowing past self-imposed deadlines.
“Deadlines proclaimed by me in Telegram do not constitute any sort of binding agreement,” he wrote.
After the November 5 election, Bacha returned to the chat to share a meme derived from the film “Superman II” in which a supervillain commands, “Kneel before Zod!”
Supporters fear the worst.
“We don’t know if Sam is even coding. We don’t even know if there’s anything happening,” one wrote.
Two possibilitiesThere were two possibilities, the commenter continued: either the company was about to fold and “they don’t know how to tell us,” or “they’re working tirelessly” to release XGA.
On November 11, Matthew Land, a partner at Marshland Capital, an investor Manifold, said in a separate Telegram channel he had spoken with Bacha over the preceding weekend.
Land declined to comment when contacted by DL News Friday.
In his Telegram message, Land said he had told Bacha of “the importance of communication” and of resolving FOLD’s liquidity issue.
“As I said before, ball’s in Sam’s court and on Sam’s timeline,” Land said.
“He understands what’s up imo but we have no impact on his decisions/timeline to address them unfortunately.”
Correction, November 15: A previous version of this story stated that Matthew Land spoke to Sam Bacha about FOLD’s price. It has been corrected to state they spoke about FOLD’s liquidity issues. This story was also updated to note that Land declined to comment.
Aleks Gilbert is a DeFi correspondent based in New York. Have a tip? Contact him at [email protected].
World Liberty Financial zahájila kroky k zalistování WLFI na kryptoburzách. Token, původně nepřevoditelný governance token, se už na sekundárním trhu obchoduje mezi 0,13 až 0,18 USD.
World Liberty Financial, a decentralized finance (DeFi) platform backed by President Donald Trump and his family, is poised to launch its WLFI token, which could hold significant profits for early investors.
WLFI Token Launch Approaches The company announced on July 4 that it has initiated steps to have its flagship token listed on cryptocurrency exchanges, marking a crucial milestone after months of anticipation.
The WLFI token, which was introduced last year as a non-transferable governance token, is designed to facilitate community voting on the project’s future direction.
Secondary market trading has already commenced on platforms like Whales.market and MEXC, where WLFI has recently traded between $0.13 to $0.18, a notable increase from its initial sale prices of $1.5 and $0.5.
According to the project’s white paper, entities affiliated with the Trump family may collectively hold about one-third of WLFI’s total supply of 100 billion tokens. At current prices, these holdings could represent billions of dollars on paper.
Bruno Ver, market expert and investor in the WLFI token, expressed optimism about its potential value, predicting it could reach between $2 and $5 in the near future.
If the token were to climb to $2, the stake held by the founding entities could theoretically be worth around $60 billion, making it one of the most lucrative Trump-related crypto ventures to date.
Recent estimates suggest that crypto businesses have already added approximately $620 million to Donald Trump’s personal net worth, according to the Bloomberg Billionaires Index.
Experts Warn Of Risks Despite the enthusiasm surrounding WLFI, the White House has emphasized that President Trump is distanced from his business interests, having placed his assets in a family-controlled trust.
The current proposal for token release, dated July 4, aims to unlock a portion of tokens held by “early supporters,” although the term lacks a specific definition within the documentation.
Remaining tokens, including those held by founders and team members, would be subject to future votes and longer lock-up periods to signal a commitment to the project. The proposal is expected to undergo discussion and voting on the Snapshot platform, with a potential timeline extending into August.
However, experts caution that the path to a successful launch might come with risks for early holders. Lex Sokolin, managing partner at Generative Ventures, pointed out that tokens with substantial founder and investor allocations often experience significant price declines over time.
World Liberty Financial’s token launch and the Trump family’s increased interest in digital assets comes on the heels of notable regulatory changes in the US as the Securities and Exchange Commission (SEC) has adopted a more lenient stance toward crypto.
This may signal a sense of confidence from WLFI regarding regulatory scrutiny. Hilary Allen, a law professor at American University, noted that this shift suggests WLFI no longer perceives a threat from the SEC.
The 1D chart shows Trump’s official memecoin struggling to break free from its current downtrend. Source: TRUMPUSDT on TradingView.com Featured image from DALL-E, chart from TradingView.com
DFINITY spustila SEV Subnets na Internet Computer ($ICP), hardwarové zabezpečení, které má zabránit odhalení dat v prostém textu i při fyzickém přístupu k serverům.
@Dfinity has officially launched SEV Subnets on the Internet Computer Protocol ($ICP), a hardware-level security upgrade designed to eliminate plaintext data exposure across the network's node infrastructure.
What SEV Subnets DoThe integration uses Secure Encrypted Virtualization (SEV) to ensure that sensitive data remains encrypted even when a party has direct physical access to the underlying server hardware. The practical implication is significant: anyone gaining physical access to a node machine would find only encrypted bytes, not readable data.
This directly addresses one of the most persistent weaknesses in traditional cloud computing, where data is processed in plaintext within the memory layer. In that conventional model, a data center operator, a rogue employee, or a sophisticated attacker with physical server access could, in principle, read data as it is being processed.
Björn Tackmann, Head of Research at @Dfinity, confirmed that the upgrade resolves this fundamental vulnerability. Tackmann is currently Head of Research at the DFINITY Foundation in Zurich, Switzerland. His role covers the cryptographic and security architecture that underpins the Internet Computer.
Broader Context for ICP's Security ArchitectureThe SEV subnet concept has been in development for some time. Node machines with SEV-SNP virtual machine encryption hardware on board are built so that if an adversary gains physical access, all they find inside is encrypted bytes, though DFINITY notes this technology provides additional protection layered on top of the security guarantees already provided by the protocol's own math and encryption.
The launch also connects to DFINITY's wider infrastructure push. The DFINITY Mission 70 whitepaper recommends making greater use of SEV-capable hardware to operate smaller but more secure subnets, intended to reduce inflation from node rewards and better align payments across the network.
For enterprises evaluating decentralized cloud alternatives, hardware-level memory encryption is increasingly a baseline requirement, particularly in regulated industries handling sensitive financial or personal data. The SEV Subnets launch positions Internet Computer as a more credible option in those conversations.
Sources:
DFINITY Foundation: Mission 70 Whitepaper (internetcomputer.org)
DFINITY: Internet Computer Roadmap 2025 Update (medium.com)
DFINITY Developer Forum: AMD SEV Virtual Machine Support
Meta ustupuje od nuceného přeřazení zaměstnanců do AI školení a nově nechává rozhodnutí na jednotlivcích. Do týmu bylo minulý měsíc přesunuto 7 000 zaměstnanců.
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Meta CEO Mark Zuckerberg. Bloomberg/Getty Images Meta is walking back its stance on forcing engineers to join a task force focused on AI training, according to an internal memo obtained by Business Insider and four people familiar with the matter.
Last month, Meta reassigned 7,000 employees to units such as an Applied AI task force to help train Meta's coming AI models.
On Wednesday, Meta sent a memo about this task force, saying the company will now "defer to each individual's choice." The company sent the email to employees who had been "drafted," as some described its Applied AI task force.
"As I emphasized before, personal agency will remain at the heart of all opportunities at Meta: we will support employees in whatever decisions they make," the memo said.
"Of course, we'd prefer everyone to stay and push to SOTA together, but we defer to each individual's choice," it read, referring to state-of-the-art.
The memo went on to say that people in the unit would have preferential placement in other parts of the company due to staffing shortages.
Meta declined to comment for this story.
Some employees on Blind called the memo an "undraft."
The task force faced significant backlash last month from employees who compared the job to data labeling.
The reversal comes after chief technology officer Andrew Bosworth addressed a broader morale crisis at the company. During an internal "Tuesdays with Boz" session on June 2, Bosworth told employees that morale was "probably one of the worst it's ever been" in Meta's 20-year history, Business Insider previously reported.
In May, Meta laid off 10% of its staff, or 8,000 people.
Have a tip? Contact Charles via email at [email protected] or on Signal and WhatsApp at 628-282-2811. Contact Pranav via encrypted messaging app Signal at +1-408-905-9124, or email him at [email protected] or [email protected]. Use a personal email address, a nonwork WiFi network, and a nonwork device; here's our guide to sharing information securely.
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Pranav Dixit You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Pranav Dixit is the Meta Correspondent at Business Insider based in the San Francisco Bay Area. He writes about Meta’s products, policies, and internal workings while examining how the company’s decisions shape how billions of people connect and communicate.Previously, Pranav was the India-based technology correspondent for BuzzFeed News, covering the impact of Silicon Valley’s largest companies on the culture, society, and politics of more than a billion people in South Asia. He has also been a senior news editor at Engadget and ran technology coverage at the Hindustan Times, one of India’s largest national newspapers.Pranav’s reporting has shed light on the human consequences of Big Tech’s quest for growth in emerging markets, and sparked widespread conversations about the impact of American technology companies on the Global South. In 2019, he won Syracuse University’s Mirror Award for a boots-on-the-ground feature about how WhatsApp misinformation sparked gruesome lynchings in rural India. He has also reported from Kashmir, a volatile geopolitical hotspot, documenting the world’s longest-running internet shutdown.His work has been widely cited by major national and international publications, and he has been featured on the BBC, Al Jazeera, and podcasts such as Vox Media’s Land of the Giants to discuss his work. He has also spoken in journalism classes including at UC Berkeley’s graduate journalism program. His writing has appeared in The Guardian, Vox, Time, The Information, and Al Jazeera.Pranav moved to the United States in 2021 from New Delhi, India, to be a fellow at Harvard University’s Nieman Foundation for Journalism, where he studied the evolution of the American tech press and ways newsrooms around the world can cover technology and society more effectively.Got a tip about Meta or anything else in Silicon Valley? Contact Pranav via encrypted messaging app Signal (+1408-905-9124), or email him at [email protected] or [email protected]. You can also reach him on WhatsApp at +857-753-3949 or DM him on X (@PranavDixit) or BlueSky (@pranavdixit.bsky.social).Pranav keeps sources anonymous. Please use a non-work device to reach out.Expertise: Meta, Facebook, WhatsApp, Llama, AI, Threads, Instagram, Mark Zuckerberg, social media, platforms, immigration
Charles Rollet You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Charles Rollet is BI's tech correspondent in San Francisco. Prior to joining BI, Charles worked at TechCrunch covering startups and VC. Charles is based in the Bay Area, where he enjoys hiking with his dogs. You can contact Charles securely on Signal at charlesrollet.12 or +1-628-282-2811.
Netflix se propadl na nové 52týdenní minimum kolem 72 USD, asi 46 % pod letošním maximem. Firma přesto dál roste: tržby v 1. čtvrtletí stouply o 16 % na 12,25 mld. USD.
Shares of streaming giant Netflix (NFLX 1.37%) have had a brutal year. The stock peaked near $134 in the middle of 2025, and it has since fallen roughly 46% to about $72 as of this writing, recently touching a fresh 52-week low. For a name that was one of the market's standout performers just a year ago, that is a stunning reversal.
So, is the beaten-down stock finally a buy? With the stock down and second-quarter results scheduled to be released July 16, this is a timely question worth consideration.
Image source: Getty Images.
What knocked Netflix stock down Netflix's slide hasn't come from one bad headline so much as a steady stream of them.
Early this year, the company's agreement to acquire Warner Bros. from Warner Bros. Discovery fell apart when Netflix declined to top a higher rival bid. Though Netflix did walk away with a $2.8 billion termination fee. Around the same time, co-founder Reed Hastings stepped down as chairman at the June 4 annual meeting, closing out a nearly three-decade run.
The bigger blow came with first-quarter results on April 16. The quarter itself was strong. Revenue rose 16% year over year to $12.25 billion, and operating margin widened to 32.3% from 31.7% a year earlier. But after that solid start, management left its full-year 2026 outlook unchanged, still calling for revenue of $50.7 billion to $51.7 billion (12% to 14% growth) and an operating margin of 31.5%. For a stock that had climbed into the report, simply holding the line on its full-year revenue forecast was enough to trigger a sell-off.
Management also guided for second-quarter operating margin to step down about 1.5 points from the year-ago quarter, as content costs are anticipated to land heavily in the first half of the year before easing in the back half.
And then there's the more recent headline about media giant Fox agreeing to acquire the streaming platform and service provider Roku. Netflix was reportedly one of the bidders for Roku.
Some investors may interpret Netflix's recent interest in acquisitions as a sign that it needs to acquire other companies in order to remain competitive.
Is the sell-off a buying opportunity? Step back from the noise, and the underlying business looks healthy.
Netflix's advertising revenue grew more than 2.5 times in 2025 to over $1.5 billion, and management expects it to roughly double again this year to about $3 billion. In markets where the ad tier is available, more than 60% of new sign-ups now choose it. The company also raised its full-year free cash flow forecast to about $12.5 billion and has resumed buying back stock after pausing during the Warner pursuit.
Then there's the valuation. At about $72, Netflix trades at about 23 times analysts' consensus forecast for its earnings per share this year -- the cheapest the stock has looked in years.
Today's Change
(
-1.37
%) $
-1.00
Current Price
$
71.82
With this said, there's good reason for investors to be cautious. Revenue growth appears to be slowing -- from 16% in 2025 toward a guided 12% to 14% this year. And competition across streaming isn't letting up, making a big content budget a necessity to keep growing.
Still, for the first time in a while, the price looks reasonable. But I still wouldn't call the stock a bargain, and there's no guarantee we've found the bottom.
But for long-term investors who have wanted to own the streaming leader and balked at its premium, a price near a 52-week low -- on a business still growing revenue in the mid-teens and doubling its ad sales -- looks like one of the more reasonable entry points Netflix has offered in years.
GM přidá do Brazílie dalších 3,5 miliardy reais a celkově tam do roku 2028 plánuje investovat 10,5 miliardy reais. Peníze půjdou na hybridní modely, modernizaci továren a rozšíření výroby v São Paulu.
The GM logo is displayed at the General Motors headquarters in Detroit, Michigan, U.S., January 12, 2026. REUTERS/Rebecca Cook/File Photo Purchase Licensing Rights, opens new tab
CompaniesSAO PAULO, June 24 (Reuters) - General Motors (GM.N), opens new tab announced on Wednesday it would invest an extra 3.5 billion reais ($674.88 million) in Brazil, expanding its commitment to the country's auto industry by 50% and supporting production of hybrid vehicles and factory modernization.
The new amount adds to 7 billion reais announced in 2024, bringing GM's total planned investment to 10.5 billion reais until 2028, it said in a statement.
The investment will go mainly to the company's operations in Sao Paulo state, the most populated and wealthiest in the country.
It will support Chevrolet portfolio renewal, incorporation of new technologies including hybrid models, factory modernization and expansion of engineering and manufacturing capabilities.
The initiative will also contribute to generating qualified jobs and strengthening the competitiveness of Brazil's auto industry, the company said.
($1 = 5.1861 reais)
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Reporting by Paula Laier and Fernando Cardoso; Editing by Sonali Paul
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Propy plánuje rozšíření za 100 milionů dolarů na nákup titulních firem v USA a chce jejich provoz zefektivnit pomocí blockchainu a AI. Firma zároveň uvedla, že jejím cílem je valuace 1 miliardy dolarů.
Propy CEO Natalia Karayaneva (Propy, modified by CoinDesk)Summary
Propy оголосила про розширення на суму 100 мільйонів доларів для придбання компаній з оформлення прав власності на нерухомість по всій території США та оптимізації операцій за допомогою блокчейну та штучного інтелекту.Компанія має на меті досягти оцінки у 1 мільярд доларів шляхом об’єднання прибуткових, середніх за розміром компаній у сфері титулів, повідомила генеральний директор Наталія Караянева.Propy також розробила AI-агента ескроу, Агента Ейвері, щоб зменшити неефективність і заощадити близько 40% робочого навантаження у операціях з нерухомістю.Спеціаліст із токенізації нерухомості Propy окреслив плани щодо розширення на 100 мільйонів доларів для придбання середніх компаній із оформлення титулів власності по всіх США, прагнучи оптимізувати галузь, яка досі значною мірою покладається на ручні процеси, за допомогою блокчейн-технологій та штучного інтелекту (AI).
Упродовж наступних 12 місяців ми плануємо придбати регіональні титульні компанії по всій країні, — заявила генеральний директор Propy Наталія Караянева в інтерв’ю Coindesk. — Це дозволить нам досягти оцінки в один мільярд доларів як технологічна компанія.
Для залучення коштів на ролапи Propy звернулася до поєднання традиційних та ончейн-кредиторів, зокрема з децентралізованої фінансової (DeFi) кредитної платформи Morpho. Propy стверджує, що це один із перших відомих прикладів використання ончейн-приватного кредитування для фінансування злиттів і поглинань (M&A).
Плани розширення з’являються в той час, коли зростає інтерес до токенізації нерухомості — зусилля з цифровізації прав власності на нерухомість та оптимізації транзакцій за допомогою блокчейну для підвищення ефективності. Компанії з оформлення прав власності зосереджуються на перевірці історії власності об’єкта та забезпеченні відсутності юридичних претензій, застав чи спорів, які можуть вплинути на продаж. Вони також видають страхування титулу та керують передачею юридичної власності під час операцій з нерухомістю.
Це ринок обсягом 25 мільярдів доларів, який досі переважно ведеться на паперових носіях і розподілений між майже 7 000 компаній, багато з яких є невеликими сімейними підприємствами, пояснила генеральний директор Propy Наталія Караянева в інтерв’ю Coindesk.
Компанія Propy є ліцензованою титульною фірмою і обробила цифрові операції з нерухомістю на суму 4 мільярди доларів, автоматизуючи трудомісткі процеси за допомогою штучного інтелекту. Придбавши титульні фірми середнього розміру в таких штатах, як Каліфорнія, Флорида та Техас, компанія планує оптимізувати операції, зменшити шахрайство та прискорити час закриття угод, використовуючи технології блокчейн та ШІ, додала вона.
У центрі зусиль Propy — агент Avery, штучний інтелект для ескроу, який було створено для вирішення неефективностей, що займають більшу частину часу офіцера ескроу, повідомила компанія.
Агент Avery був навчений на основі транзакційних даних Propy та працює цілодобово, підтримуючи як традиційні, так і криптовалютні платежі. За оцінками компанії, цей інструмент може скоротити навантаження приблизно на 40%, що дозволяє агентам укладати більше угод.
Разом із розширенням та розвитком штучного інтелекту Propy також додала до своєї консультативної ради колишнього посадовця Міністерства фінансів США Кріса Кемпбелла та співзасновника Science Inc. Майка Джонса, які приєдналися до попередніх призначень, зокрема колишнього комісара SEC Майкла Півоваара.
Binance ukončuje obchodování s Monero (XMR), Multichain (MULTI), Vai (VAI) a Aragon (ANT) v rámci pravidelné kontroly. Obchodování skončí 20. února 2024 ve 03:00 UTC, vklady 21. února 2024 a výběry 20. května 2024.
Binance, the world’s leading crypto exchange, has announced the delisting of four digital currencies, including Monero (XMR), Multichain (MULTI), Vai (VAI), and Aragon (ANT). The decision to remove these tokens from the platform comes as part of Binance’s periodic review process.
According to the latest announcement, the delisting process is scheduled to take effect on February 20, 2024, at 03:00 a.m. UTC. Following this, all trading pairs associated with these tokens, including ANT/BTC, ANT/USDT, MULTI/USDT, USDT/VAI, XMR/BNB, XMR/BTC, XMR/ETH, and XMR/USDT, will cease to be available for trading. Additionally, deposits of these tokens will not be credited to user accounts after February 21, 2024. Moreover, withdrawals for these tokens will be not supported after May 20, 2024.
Why Did Binance Decide To Delist Monero, Multichain, Vai & Aragon? Binance’s decision to delist these tokens is guided by a comprehensive assessment of various factors. These include the commitment of the project teams, development activity, trading volume, network stability, public communication, responsiveness to due diligence requests, and contribution to a healthy crypto ecosystem. Any evidence of unethical conduct or negligence also weighs into the decision-making process.
Monero, known for its privacy features, has faced scrutiny from regulatory bodies due to its potential use in illicit activities. While it offers anonymity to users, this very feature has raised concerns among authorities regarding its susceptibility to use in money laundering and other illegal transactions.
Multichain, Vai, and Aragon, while not as widely recognized as Monero, have also failed to meet Binance’s standards in terms of development activity, trading volume, and network stability. The delisting of these tokens underscores the crypto exchange’s commitment to maintaining a trustworthy trading environment for its users.
Also Read: Binance Tops CME In Bitcoin Futures, Is Bitcoin ETF Demand Over?
Implications Of Delisting In addition to the delisting of Monero, Multichain, Vai, and Aragon trading pairs from the spot market, Binance will also remove these pairs from its margin trading platform, futures trading, and various other services. This includes Binance Margin, Binance Futures, Binance Simple Earn, Binance Auto-Invest, Binance Loans, Binance Convert, Binance Gift Card, Binance Pay, and Trading Bots.
Despite the delisting, the CEX ensures that users’ funds are safeguarded. Any remaining balances in delisted tokens will be automatically converted into stablecoins on behalf of users. However, it’s important to note that the conversion is not guaranteed, and users will be notified before the process begins. The stablecoins will then be credited to user accounts after the conversion.
In response to the delisting announcement, users are advised to close any open positions and withdraw their assets in the above-mentioned trading pairs. In addition, they are advised to manage any associated products such as Simple Earn, Auto-Invest, Loans, Margin, Futures, Convert, Gift Cards, Pay, and Trading Bots before the stipulated deadlines to avoid any potential losses.
Also Read: Binance Co-founder Announces $5 Million Reward for Reporting Insider Trading
Binance automaticky převede 10 delistovaných tokenů na USDC a do 28. dubna 2025 připíše odpovídající hodnotu do peněženek uživatelů. Mezi nimi jsou VAI, TORN, OMG, WAVES, XEM, BOND, DOCK, MDX, POLS a PURSE.
In a blog post on Tuesday, Binance Exchange, the largest crypto trading platform by volume, announced the automatic conversion of several delisted tokens to USDC.
This action will be executed based on the average token to USDC exchange rate within the conversion period.
What Binance Exchange Users Need To KnowAfter delisting 10 tokens from its catalog, Binance said in a follow-up message that it would convert them to USDC automatically, enabling holders to access their funds. After the conversion happens, the exchange will credit the stablecoin equivalent of the affected tokens to users’ wallets by April 28, 2025. The tokens include:
Vai (VAI) Tornado Cash (TORN) OMG Network (OMG) Waves (WAVES) NEM (XEM) BarnBridge (BOND) Dock (DOCK) Mdex (MDX) Polkastarter (POLS) Pundi X PURSE (PURSE) Read more: Binance Review 2024: Is It the Right Crypto Exchange for You?
Holders of these tokens should adjust their trading strategies accordingly to prepare for the upcoming changes. Failure to do so by October 28 would see them automatically converted to USDC, effectively phasing out the affected tokens from the exchange.
“During the Conversion Period [between October 29, 2024 and April 28, 2025], users will not be able to view the above tokens in their Binance wallets,” Binance articulated.
In this regard, it is worth mentioning that the history of Binance’s tokens delisting often inspires volatility. For instance, the exchange delisted six altcoins around mid-August, causing double-digit price drops for PowerPool (CVP) and Ellipsis (EPX). These tokens also featured among the delisted assets.
However, Binance is not only removing several tokens but also adding new ones to its platform. One of the notable additions is Scroll (SCR), a zkRollup scaling solution for Ethereum.
As per the announcement, SCR will be listed on October 11, with pre-market trading for the SCR/USDT pair set to open. This move supports Ethereum’s scalability by enabling faster, more efficient transactions while maintaining security and decentralization.
“Binance is excited to announce the 60th project on Binance Launchpool – Scroll (SCR), a Bytecode-level compatible zkEVM Rollup,” an excerpt in Binance’s announcement read.
Read more: What are Crypto Airdrops?
With this listing notice, Binance becomes the first platform to list Scroll’s powering token. The exchange will also airdrop 55,000,000 SCR, representing 5.5% of the total supply. Airdrop farming will start on Wednesday, October 9. The participants must lock their BNB and FDUSD to receive the SCR tokens.
Threshold Network spustil upgrade tBTC, který umožňuje přímé mintování na podporované řetězce z jediné BTC transakce, bez dalších schválení a s nulovým gas poplatkem. Nová verze zároveň zjednodušuje redeem zpět na Bitcoin mainnet.
New York, United States, November 11th, 2025, Chainwire
Threshold Network has rolled out protocol upgrades and a refreshed website to reinforce tBTC’s position in Bitcoin onchain markets. This enhances tBTC’s role as the trusted tokenized Bitcoin, bridging Bitcoin’s onchain capital concentration to decentralized financial markets.
Recent analysis shows that 1M addresses hold over $100k; 157,000 hold over $1 million, and 19,142 addresses hold more than $10 million in Bitcoin. Together, these addresses represent an estimated $500 billion in value, a figure that has accelerated since U.S. spot ETF approvals in 2024. Although individuals control about 65.9% of the total Bitcoin supply, the majority are affluent investors rather than small retail holders.
Since the approval of U.S. spot Bitcoin ETFs, institutional participation has grown rapidly. Institutional holdings reached $414 billion in August 2025, driven by ETF inflows and corporate treasury strategies. Corporate reserves increased 40% in Q3 to $117 billion, while 172 listed companies now hold Bitcoin, collectively owning over 1 million BTC. MicroStrategy remains the largest corporate holder with 640,000 BTC, and as of October 2025, U.S. spot Bitcoin ETFs manage $169.48 billion in assets, representing 6.79% of Bitcoin’s market cap. Threshold sees this shift as an opportunity to shift to institutional positioning.
Renewed Focus: Institutional Access with Bitcoin’s Integrity
The redesigned Threshold Network website features a clean, minimal layout designed for clarity and accessibility. It represents Threshold’s transition from a single protocol to a comprehensive ecosystem that enables Bitcoin to move freely across financial markets.
The accompanying tBTC app has been upgraded to simplify the Bitcoin-to-DeFi experience. Users can now mint tBTC directly to supported chains with a single BTC transaction, without secondary approvals or unnecessary steps. Redemptions back to Bitcoin mainnet are equally straightforward, mirroring Bitcoin’s simplicity while maintaining full decentralization.
The upgrade also introduces several new features:
Use tBTC: A new section built to help users discover where they can deploy tBTC or put their Bitcoin to work. It provides a comprehensive overview of tBTC integrations across multiple DeFi protocols. Vaults: a new dashboard that consolidates integrated tBTC vault strategies into a single interface. It allows users to access curated, externally managed vault strategies built for ease of use. My Activity: This section offers a unified record of all user actions across minting, redeeming, and vault participation. Every transaction is logged onchain, allowing users to easily track their history and monitor performance over time.
The New tBTC App: Simplicity and Precision for Large Scale Adoption
The new tBTC app introduces a simplified interface focused on efficiency, transparency, and security. It allows users to move between Bitcoin and DeFi markets seamlessly while maintaining complete self-custody of their assets.
Streamlined Minting and Redemption
Users can now move effortlessly between Bitcoin and a range of supported networks, including Ethereum, Layer 2s, and non-EVM chains, through a single, seamless process.
This new functionality removes the friction traditionally involved in bringing Bitcoin into DeFi. Users can now mint and redeem tBTC quickly, securely, and without unnecessary costs or approvals.
Direct minting to supported chains enables capital to flow efficiently into DeFi markets, allowing institutions to deploy Bitcoin liquidity across multiple ecosystems without relying on centralized intermediaries. Direct redemption to Bitcoin mainnet gives users confidence that they can always return to native Bitcoin, maintaining trust and liquidity across all use cases. No Layer 2 signing required means that even complex transactions can be completed with a single Bitcoin transfer, reducing operational overhead for institutional treasuries and simplifying onboarding for individual users. Together, these upgrades position tBTC as the most efficient and permissionless access for Bitcoin in DeFi markets.
Gasless Minting on Supported Networks
Gasless minting is now possible on supported networks. Users only need to deposit Bitcoin; no wallet signatures or additional gas fees are required. They simply connect their wallet, send Bitcoin to a single-use address, and receive tBTC on their chosen chain. This feature allows users to utilize Bitcoin capital efficiently without compromising custody or cost.
“This is a major protocol upgrade that represents Threshold’s maturity as a network,” said Callan Sarre, Co-Founder and CPO of Threshold Labs.
“We’ve rebuilt the app to give users a unified experience. Mint, redeem, and deploy Bitcoin faster, with confidence and transparency. The new interface delivers what users, both institutional and individual, have consistently asked for: clarity and control without compromise.”
Building the Future of Bitcoin
Threshold Network, a cross-chain Bitcoin infrastructure protocol that enables BTC to move securely across multiple blockchains, has upgraded its app to support direct minting to supported networks with zero gas fees. The upgrade allows Bitcoin holders to access yield strategies, lending markets, and liquidity provision without first routing transactions through Ethereum Layer 1.
This release enables users to mint tBTC directly from the Bitcoin network into supported onchain ecosystems, removing the need for L1 bridging and significantly simplifying user onboarding.
“The scale of institutional adoption since ETF approvals has been extraordinary,” said MacLane Wilkison, Co-Founder and CEO of Threshold Labs.
“Our focus is on building the infrastructure that allows institutions, funds, and corporates to interact with Bitcoin onchain securely. As traditional finance integrates Bitcoin into its portfolios, tBTC stands as the bridge that ensures this participation remains decentralized and transparent.”
With tBTC available across major ecosystems, including Ethereum, Arbitrum, Base, Polygon, Sui, Starknet, BOB, and Optimism, Threshold continues to expand its integrations to increase liquidity and, soon, enable access to institutional capital.
Users can explore the new app and website at https://threshold.network
About Threshold Network
Threshold Network is the decentralized protocol behind tBTC, a permissionless 1:1 Bitcoin-backed asset secured by a 51-of-100 threshold signer model. tBTC enables native BTC to move across chains like Ethereum, Base, Sui, Arbitrum, and Starknet without requiring custodians or compromising security. With over 5 years of proven security and about $4.8B in bridge volume, Threshold offers the most battle-tested, trust-minimized Bitcoin infrastructure onchain.
Contact Head of Marketing
RC Ramos
Threshold Network [email protected]
tBTC v roce 2025 dosáhl kumulativního objemu transakcí 26 355 BTC a TVL vrcholilo na 6 500 BTC. Threshold Network zároveň spustil novou aplikaci, čtyři vaulty a integraci s 20 DeFi protokoly.
2025 was a defining year for Threshold Network and its core product, tBTC. Across networks, integrations, and infrastructure, the protocol continued to strengthen its role as a multi-chain Bitcoin asset, with steady adoption and evident progress across key metrics.
By year’s end, cumulative transaction volume reached 26,355 BTC, reflecting sustained usage as Bitcoin liquidity moved onchain across an expanding set of environments.
tBTC 2025 Wrapped Video by Threshold Network
Supply Growth and Network MilestonesOn October 8, 2025, tBTC reached several important milestones. Total value locked peaked at 6,500 BTC, while total supply reached its highest level in USD terms at $806,124,000. These figures marked a high point for tBTC’s presence across supported networks.
Just days later, on October 12, tBTC recorded its highest holder count of the year, reaching 18,136 holders—highlighting broad participation across chains.
tBTC 2025 in Review - Highest TVL
tBTC 2025 in Review - Peak SupplyProduct Evolution and Strategic RepositioningA significant milestone for tBTC in 2025 came on November 11, with the launch of both a redesigned tBTC application and a refreshed Threshold Network website. Together, these releases marked a clear step forward in product experience and long-term positioning.
Gasless tBTC Minting and Direct RedemptionsThreshold released an updated tBTC app that enables users to mint tBTC gaslessly and redeem directly back to native BTC. The new interface simplifies the full lifecycle of moving Bitcoin onchain, offering clearer steps, reduced friction for first-time users, and transparent communication around tBTC’s security guarantees and 1:1 backing.
The experience also surfaces real-time data and provides more intuitive guidance on how and where tBTC can be deployed across onchain markets.
Explore the updated app and documentation:
https://app.threshold.network
Strategic Repositioning for Long-Term ScalabilityIn parallel with the app upgrade, Threshold Network introduced a redesigned website that strengthens its identity as the Bitcoin standard for onchain finance and presents a clearer, more forward-looking vision for tBTC.
The rebrand reflects a strategic repositioning focused on long-term scalability and clarity as Bitcoin adoption continues to expand onchain.
Read the full announcement:
https://www.threshold.network/blog/tbtc-simplifying-bitcoin-onchain/
Image from: https://www.threshold.network/blog/tbtc-simplifying-bitcoin-onchain/Improved Transparency with a New Dune DashboardTo further support transparency and ecosystem insight, a new Dune Analytics dashboard for tBTC was released. The dashboard offers improved visibility into minting and redemption activity, supply metrics, and protocol-level flows—supporting users, researchers, and integrators who rely on clear data to understand how BTC moves across onchain markets.
Visit the latest Threshold Dune dashboard:
https://dune.com/threshold/tbtc-performance-dashboard
New Threshold Dune DashboardExpanding Infrastructure and IntegrationsInfrastructure growth remained a core focus throughout 2025. tBTC expanded its vault ecosystem with the launch of four new vaults:
UpshiftEmberYield BasisNoon
tBTC 2025 in Review - Vault IntegrationsIn parallel, tBTC integrated with 20 DeFi protocols, extending Bitcoin liquidity into new onchain financial use cases and strengthening its presence across major platforms.
Strengthening Multi-Chain ReachtBTC reinforced its multi-chain footprint in 2025 with launches on three new chains:
SuiMezoStarknet
tBTC 2025 in Review - Chains Launched These additions further positioned tBTC as a Bitcoin asset designed for use across multiple networks.
Distribution Across ChainsBy total value locked, the top five chains supporting tBTC in 2025 were:
Ethereum – $578MArbitrum – $13MStarknet – $11.8MSolana – $6MBase – $5MBy holder count, the leading chains were:
Ethereum – 9,571 holdersBase – 3,474 holdersOptimism – 2,139 holdersPolygon – 2,056 holdersArbitrum – 1,120 holdersLiquidity ConcentrationLiquidity in 2025 remained concentrated across major venues. The largest tBTC pools by supply were:
Aave – $154MCurve – $99MSparkLend – $12MLooking AheadThe milestones reached in 2025 reflect more than growth in numbers; they signal growing confidence in tBTC as Bitcoin continues to move onchain across multiple networks. Expanded vault infrastructure, broader protocol integrations, and increasing participation across chains all point to a maturing asset built for sustained use.
As tBTC enters the next phase, the focus remains on delivering reliable, scalable, and secure access to Bitcoin across an increasingly multi-chain environment. With infrastructure in place and liquidity established across major venues, tBTC is positioned to support the next wave of onchain Bitcoin activity, where utility, accessibility, and reach continue to expand.
Noon spustil tBTC Vault na Starknetu přes Vesu, který umožňuje držet expozici vůči BTC a zároveň využívat onchain finanční nástroje s řízením rizika. Cílové APY je zhruba 10 %.
Bitcoin markets have stabilized, shifting participants' focus from short-term price action to disciplined, capital-efficient structures and advanced risk management. As adoption matures, demand rises for BTC-denominated frameworks that let holders maintain exposure while engaging with onchain financial infrastructure.
Noon is extending its vault framework to Bitcoin, launching the tBTC Vault on Starknet via Vesu. This vault lets Bitcoin holders keep BTC exposure while using onchain financial tools with clear risk controls.
This launch brings together three complementary systems in a first-of-its-kind integration:
tBTC’s trust-minimized Bitcoin bridge for native BTCNoon’s multi-venue strategy framework that delivers diversified exposureVesu’s institutional-grade lending infrastructure on Starknet.Demand for structured, reliable BTC frameworks is growing among institutions and sophisticated participants, with interest rising in tBTC-based strategies as DeFi infrastructure matures. (Source: Forbes https://www.forbes.com/sites/digital-assets/2025/12/01/bitcoins-november-selloff-was-a-stress-testand-defi-quietly-passed/)
Using tBTC as CollateralNoon’s tBTC vault lets users access stablecoin strategies while keeping BTC as the core asset. Borrowing starts at a conservative 50% loan-to-value, and automated controls reduce risk if thresholds are reached, protecting users during volatility.
Noon tBTC Yield VaultA Track Record of OutperformanceOver the past several months, Noon has delivered stronger performance than competitors such as Ethena, Resolv, and other-structured yield protocols. This has not been accidental.
Noon’s advantage comes from widening its search for yield beyond a single sector. The team actively evaluates opportunities across DeFi, CeFi, and TradFi, selecting strategies that balance attractive returns with disciplined risk management. Many of these opportunities are typically available only to large-scale investors due to high minimum allocations, but Noon structures them so they are accessible to its users. These strategies ultimately determine the performance of sUSN.
The tBTC-Denominated VaultThe new tBTC vault on Starknet follows the same principles but is tailored to Bitcoin holders' needs. After borrowing stablecoins against tBTC, Noon deploys those stablecoins into lending markets to execute leveraged looping strategies. This involves lending stablecoins, borrowing against them, and repeatedly redepositing. The objective is to amplify yield from interest-bearing positions while keeping leverage and risk levels under control.
The target APY for this vault is approximately 10%, reflecting a balanced approach to performance and stability.
Noon tBTC Yield Vault Performance | Threshold NetworkPositioning for the Next Phase of Bitcoin FinanceIntegrating tBTC into Noon’s vault framework reflects a broader evolution in how Bitcoin is used onchain. The structure enables BTC holders to maintain Bitcoin exposure while engaging with BTC-denominated strategies implemented under defined risk parameters and transparent infrastructure.
By combining tBTC’s trust-minimized design with Noon’s strategy framework and Vesu’s lending architecture on Starknet, the vault provides a clear, disciplined model for structured Bitcoin participation in onchain markets.
Disclosure: Participation in Noon vaults carries market, smart contract, and counterparty risks, as well as the potential loss of capital. Target outcomes and projected metrics are not guaranteed; actual results may vary with market conditions. This material is for informational purposes only and does not constitute investment advice, an offer, or a solicitation.
tBTC has always been designed with a clear objective: bring Bitcoin onchain in a way that prioritizes security, transparency, and reliable market behavior. Over time, usage has grown steadily, onchain performance has remained consistent, and tBTC has continued to function as intended across a wide range of market conditions.
This update builds on that foundation.
Fee waivers for $T stakers are now live on Threshold Network, introducing a new way for active participants to reduce execution costs while reinforcing the economic alignment between protocol usage and governance.
This change does not alter how tBTC works. Instead, it refines the economics around how participants interact with the bridge, particularly at scale.
Improving Capital Efficiency Without Workflow ChangestBTC mint and redemption fees (20 bps each) support decentralized bridge operations and can be partially or fully offset by staking $T. Staking unlocks waiver capacity on a rolling 30-day window, every 100,000 T staked offsets 0.001 tBTC in bridge fees, applicable to both minting and redemption.
Note: Per TIP-109, the tBTC mint fee was reinstated at 20 bps on April 15, 2026, matching the redemption fee.
Staking WaiversFor participants, this means:
Lower effective execution costs over timeImproved arbitrage efficiency between BTC and tBTCTighter pricing and more reliable liquidityNo changes to custody, settlement, or operational workflowsThe mechanism is opt-in and parameterized, allowing participants to plan around fee exposure with greater precision.
Predictable Parameters, Sustainable tBTC-BTC SpreadtBTC is designed to track Bitcoin as closely as possible. Reducing redemption friction improves arbitrage efficiency, which in turn supports a tighter BTC–tBTC spread and more stable secondary markets.
Early data indicate the mechanism is functioning as intended, reinforcing pricing reliability while maintaining the protocol’s conservative security assumptions.
tBTC - BTC - WBTC Spread | Threshold NetworkThe fee waiver system is intentionally straightforward:
Waiver capacity applies over a rolling 30-day windowEvery 100,000 $T staked offsets up to 0.001 tBTC in eligible feesMinting remains free; redemption fees are offset via waiversUnstaking requires a 30-day periodGovernance participation is unaffectedThis structure favors sustained participation and minimizes short-term distortions. It’s particularly relevant for frequent bridgers, market makers, arbitrageurs, and long-term $T holders, as well as institutions looking for a more capital-efficient way to move Bitcoin onchain. Even users who don’t stake may see benefits through tighter pricing, improved liquidity, and more reliable tBTC markets overall.
Where to stake T TokensStaking $T is optional. Eligible participants may access available fee waivers in accordance with applicable protocol parameters. $T token is available on most decentralized exchanges and major CEX's.
See where you can find $T at https://coingecko.com/en/coins/threshold-network-token
Disclaimer: This blog post is provided for informational purposes only and does not constitute financial, investment, legal, or tax advice. Nothing contained herein should be construed as an offer, solicitation, or recommendation to acquire, dispose of, or stake any digital asset.
January 2026 marked a strong start to the year for Threshold Network, with continued growth in tBTC adoption, a new vault launch, and deeper engagement with Bitcoin’s onchain role. As market conditions shifted, Threshold remained focused on resilience, trust-minimized design, and sustainable Bitcoin utility.
Throughout the month, Threshold Network advanced its core mission of bringing Bitcoin onchain without compromising its security model or economic integrity. Key research, protocol updates, and ecosystem expansions reinforced tBTC’s position as a reliable, production-ready bridge for Bitcoin liquidity.
HighlightstBTC has surpassed 48,000 BTC in cumulative volume to date and is on track to reach the 50,000 BTC milestone in Q2.Jan 27: Threshold released the tBTC Blueprint Report by Alea Research, detailing tBTC’s 800% growth since 2024 and underscoring its security and resilience relative to other tokenized Bitcoin alternatives.Jan 19: Amid market cycles, tBTC continued steady growth with 5,942 BTC in TVL and 97 percent of supply concentrated on Ethereum, signaling sustained Jan 5: The tBTC Noon Vault went live in partnership with Vesu and Starknet, introducing a structured BTC-denominated onchain positioning strategy.Jan 5: tBTC redemption fee waivers for $T stakers are now available on the Threshold App, reducing execution costs while strengthening protocol and governance alignment.MilestonestBTC Continues Steady Growth Amid Market CyclesOn January 19, tBTC continued to demonstrate resilience and sustained adoption amid broader market cycles. Total value locked reached 5,942 BTC, with 97 percent of supply concentrated on Ethereum, signaling consistent onchain demand and real usage.
These metrics reflect tBTC’s role as a production-ready Bitcoin bridge built without leverage, rehypothecation, or opaque yield mechanics. Its trust-minimized design continues to support predictable behavior across varying market conditions while preserving Bitcoin’s core principles.
tBTC Continues Steady Growth | Threshold Network
tBTC Redemption Fee Waivers for $T Stakers tBTC was designed to bring Bitcoin onchain while prioritizing security, transparency, and reliable market behavior. As adoption has increased, onchain performance has remained consistent across a wide range of market conditions.
The introduction of redemption-fee waivers for $T stakers builds on this foundation by reducing execution costs for active participants and reinforcing alignment between protocol usage and governance. This update refines the economics of interacting with the bridge, particularly at scale, without altering tBTC’s underlying mechanics.
Learn more about fee waivers for $T stakers:
tBTC redemption fee waivers are now live for $T stakers
Ecosystem GrowthNoon tBTC Yield Vault Goes Live and Gains Early TractionOn January 10, the Noon-tBTC Yield Vault launched on Threshold Network in partnership with Vesu, Starknet’s largest lending platform. Built around disciplined Bitcoin yield strategies, the vault initially targeted a 10 percent APY. Within two days, it reached $454,060 in TVL with a 7-day APY of 6.79 percent, signaling early interest in structured Bitcoin yield products.
Explore the vault: https://app.threshold.network/vaults/starknet-noon
tBTC Noon Vault Goes Live | Threshold NetworktBTC Blueprint Report by Alea ResearchBitcoin onchain is entering a phase where security, custodianship, and protocol design matter more than ever, and Threshold Network continues to advance this standard through tBTC.
The tBTC Blueprint Report by Alea Research focuses on tBTC and Threshold Network as a reference model for trust-minimized Bitcoin infrastructure. It analyzes how Threshold’s architecture, incentive design, and custody assumptions support scalable Bitcoin liquidity while maintaining predictable market behavior and strong security guarantees.
tBTC Blueprint Snapshot via Alea Research | Threshold NetworkMedia HighlightsThreshold featured in Decrypt on stake-based fee waiversOn January 23, Decrypt Media featured Threshold’s introduction of stake-based redemption fee waivers, highlighting how the update reduces execution friction and supports tighter pricing across Bitcoin markets.
Read the Decrypt feature to learn more: https://decrypt.co/355453/threshold-network-introduces-stake-based-fee-waivers-to-strengthen-tbtc
Bitcoin allocation strategies on The Daily StackOn January 30, Callan Sarre joined Bitcoin News’s The Daily Stack podcast to discuss how Bitcoin can be allocated across different risk profiles, including emerging opportunities powered by tBTC. The conversation explored how using Bitcoin as collateral can contribute to economic security to blockchain networks with relatively low financial risk.
Watch a snippet of the podcast episode: https://x.com/TheTNetwork/status/2017227776865267906
Threshold Labs CPO and Co-Founder Callan Sarre at Bitcoin News | ThresholdBitcoin resilience under stressOn January 27, Callan Sarre, Co-Founder and CPO at Threshold Labs, shared insights with Decrypt Media on how miners respond to grid stress while Bitcoin’s consensus layer continues to operate as designed.
New Threshold Labs Member | Threshold NetworkRecently, we welcomed Vicky to Threshold Labs as a Software Engineer. Vicky brings 14 years of software engineering experience and has been active in crypto since 2017.
Vicky previously worked on NuCypher starting in 2016 and was directly involved in creating the Threshold Network smart contracts, giving her deep historical and technical context across the Threshold stack. Her experience strengthens the team’s ability to maintain and evolve core protocol infrastructure.
Looking AheadAs 2026 unfolds, Threshold Network remains focused on strengthening Bitcoin’s role onchain through trust-minimized infrastructure and aligned economic incentives. Upcoming work will continue to prioritize protocol resilience, measured ecosystem expansion, and deeper integration across Bitcoin-native and emerging environments.
In the months ahead, Threshold will advance research, product development, and partnerships that support sustainable Bitcoin liquidity and long-term network security. The goal remains clear: make Bitcoin more usable without compromising the principles that underpin its value.
Follow Threshold Network for upcoming updates and releases.
Threshold Network spustil Unified Bitcoin App, která v jednom rozhraní spojuje minting, redeeming, bridging, tracking i BTC swapy. Aplikace propojuje Bitcoin s Ethereum, Arbitrum, Base, Sui a Starknet.
[PRESSS RELEASE – New York, United States, March 3rd, 2026]
Threshold Network, the decentralized blockchain protocol behind tBTC, has introduced an update to its decentralized application featuring an all-in-one Unified Bitcoin App that enables users to route Bitcoin across major chains through a single interface.
This new unified routing interface brings minting, redeeming, bridging, tracking, and native BTC swaps into a single application: The Threshold App. Users can now move Bitcoin across ecosystems through a coordinated system, rather than stitching together multiple tools or navigating between different Decentralized protocols.
This release simplifies how Bitcoin enters and moves across DeFi, offering a more user-friendly on-chain experience with tBTC. Whether a transaction requires a swap, a bridge, or multiple steps, execution is seamlessly coordinated through a single interface
Coordinated Execution Instead of Fragmented Workflows
Historically, moving BTC into tBTC and across chains required multiple disconnected workflows: minting in one app, bridging via another protocol, swapping on separate exchanges, and manually checking the best price for each transaction. This fragmented process introduced friction, higher execution risk, added costs, and unnecessary complexity for users attempting to access DeFi with Bitcoin.
The Threshold All-in-one Bitcoin Liquidity App streamlines this experience by consolidating minting, bridging, swapping, and cost tracking into a single coordinated interface. Instead of manually comparing bridges and liquidity venues, users receive optimized routing options based on cost, speed, and reliability, such as the fastest or lowest-cost path: all within the Threshold Network App.
By abstracting multi-step transactions into a single seamless flow, the router significantly lowers the barrier for Bitcoin holders to use BTC across major ecosystems, including Ethereum, Arbitrum, Base, Sui, Starknet, and other integrated chains. The result is a simpler, more efficient way to move Bitcoin into DeFi.
Native BTC Execution with Deep Liquidity
Native BTC swaps are integrated directly into the routing engine, leveraging deep Ethereum liquidity to deliver competitive pricing and more efficient execution compared to fragmented, chain-specific pools.
“Capital should move efficiently across chains without requiring users to manage infrastructure decisions,” said MacLane Wilkison, Co-Founder of Threshold Network. “The new Threshold Bitcoin app coordinates liquidity sourcing and settlement behind the interface, enabling more efficient Bitcoin deployment across ecosystems.”
The update also strengthens the utility of Threshold’s token (T). The App tracks staked $T from the connected wallet and automatically applies minting and redemption fee waivers for eligible users. Gasless minting remains available as an opt-in feature, further reducing transaction costs.
Additionally, the router enables streamlined conversions from assets such as WBTC and cbBTC directly into tBTC on the destination chain, providing more direct and efficient access to Bitcoin liquidity across DeFi ecosystems.
Integrated Infrastructure Across Major Networks. Currently, the router connects Bitcoin, Ethereum, Arbitrum, Base, Sui, and Starknet within one coordinated framework. It integrates native tBTC mint and redeem flows, established bridging infrastructure, and DEX aggregation to ensure reliable settlement across chains.
All transactions are tracked in real time and are fully resumable. If a user disconnects or closes a session, progress is preserved. Fee logic is staking-aware, with eligible T stakers seeing applicable redemption fees waived directly within the interface.
New Features:
Unified Routing Interface: Enables minting, redeeming, swapping, and bridging from a single entry point. Users select source and destination assets, and the system automatically constructs the optimal execution path. Multi-Chain Connectivity: Supports Bitcoin, Ethereum, Arbitrum, Base, Sui, and StarkNet within a single coordinated framework. Users can move BTC or tBTC across ecosystems without managing separate bridge interfaces. Smart Route Discovery and Ranking: Automatically evaluates possible transaction paths and ranks them by cost, speed, reliability, and simplicity. Users are presented with clearly labeled best options. Native BTC Swaps: Provides direct access to BTC liquidity with competitive execution, while enabling seamless conversion of assets such as cbBTC or wBTC into tBTC on a user’s chosen destination network. Integrated Liquidity and Bridging Stack: Connects tBTC mint and redeem flows with established bridging infrastructure and DEX aggregation to coordinate multi-step transactions seamlessly. Resumable Transactions: Persists in-flight operations, allowing users to refresh, disconnect, or return later without losing progress. Reduces failed cross-chain flows and operational friction $T Staking-Aware Fee Display: Recognizes T staking status and surfaces fee waivers directly in the interface, reinforcing participation incentives. Unified tBTC Explorer and Transaction Tracking: The new explorer section of the app consolidates historical mint, redeem, bridge, and swap activity into a single view, improving transparency and user oversight. Impact for Users and Stakeholders
This release expands the utility of tBTC across six ecosystems while increasing throughput across minting, bridging, and swap flows. By embedding routing intelligence directly into the protocol interface, Threshold captures more activity within its infrastructure and further strengthens staking incentives tied to network usage.
With this launch, Threshold advances its role from Bitcoin asset issuance to core infrastructure for Bitcoin mobility, coordinating capital movement seamlessly across chains and unlocking more efficient access to decentralized finance.
Users can explore the new Bitcoin App today at https://app.threshold.network
About Threshold Network
Threshold Network is the decentralized protocol behind tBTC, a non-custodial, 1:1 Bitcoin-backed asset secured by a 51-of-100 threshold signer model. tBTC enables native BTC to move across chains like Ethereum, Base, Sui, Arbitrum, and Starknet without requiring custodians or compromising security. With over 6 years of proven security and about $5.1B in bridge volume, Threshold offers the most battle-tested, trust-minimized Bitcoin infrastructure on-chain.
MAP Protocol spustil interoperabilitu mezi Bitcoinem a Solanou, která umožňuje decentralizované převody SOL-BTC bez prostředníků. Řešení využívá zero-knowledge proof a má být peer-to-peer i trustless.
MAP Protocol, a well-known Bitcoin L2 to increase cross-chain interoperability, has announced an exclusive development. As per MAP Protocol, the platform is launching comprehensive interoperability between the Bitcoin and Solana networks for seamless asset transfers. The platform disclosed this endeavor on its official social media account on X.
📢 MAP Protocol Officially Announces Interoperability Between Solana and Bitcoin Networks
MAP Protocol has officially announced the successful implementation and launch of interoperability between the Solana and Bitcoin networks. Users can now perform decentralized SOL-BTC… pic.twitter.com/6GjUV8STD0
— MAP Protocol (@MapProtocol) May 9, 2025 MAP Protocol Introduces Interoperability between Solana and Bitcoin Ecosystems MAP Protocol’s announcement of interoperability between the Bitcoin and Solana networks is a groundbreaking development. This endeavor focuses on opening latest possibilities when it comes to cross-chain interactions and advanced DeFi applications. The prominent apps, such as Cross-chain Swap, are already utilizing this breakthrough advancement. This development permits consumers to carry out $SOL-$BTC transfers without depending on intermediaries or centrally controlled exchanges.
The interoperability integration between the Bitcoin and Solana ecosystem leverages cutting-edge zero-knowledge proof technology. In addition to this, it also utilizes light user mechanisms to sustain an increased level of efficiency and security. In this respect, it guarantees a seamless and trustless consumer experience.
The development is specifically noteworthy as Bitcoin, dissimilar to the modern blockchains, does not have local smart contract functionality. Hence, this interoperability layer offers a matchless interaction with the high-performance blockchain of Solana. Solana is renowned for its low fees and rapid speeds. As a result of this initiative, MAP Protocol is reportedly leading toward increased blockchain composability.
Driving Utility, Interoperability, and Efficiency among Solana and Bitcoin Networks According to MAP Protocol, the interoperability solution for the Solana and Bitcoin networks is completely peer-to-peer and decentralized. It reinforces the platform’s endeavors to establish a trustless infrastructure. Specifically, consumers will retain complete control over assets during the entire process. Overall, this interoperability now just improves utility for Solana and Bitcoin consumers but also paves the way for a relatively efficient and interconnected Web3 landscape.
AUTHOR
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.
MAP Protocol po údajném exploitu u Butter Bridge V3.1 pozastavil bridge mezi MAPO ERC-20 a mainnetem. Rozsah škod ani dopad na uživatelské prostředky zatím není jasný.
MAP Protocol has shut down its bridge connecting MAPO ERC-20 tokens and the MAPO mainnet after a reported exploit targeting Butter Bridge V3.1. The pause, a standard containment measure in crypto security incidents, is designed to prevent further damage while the team investigates the scope of the breach.
Cross-chain bridges remain one of the most attacked pieces of infrastructure in all of crypto. And this latest incident is a reminder that the plumbing connecting different blockchains is still, to put it charitably, a work in progress.
What happened MAP Protocol, which operates a peer-to-peer cross-chain infrastructure layer, confirmed that it paused bridge operations between its ERC-20 token (the Ethereum-based version of MAPO) and its native mainnet token. The exploit was linked to Butter Bridge V3.1, a component of the protocol’s cross-chain transfer system.
The specifics of how the exploit was carried out have not been disclosed. The extent of financial losses, if any, is also unclear at this point. Whether user funds were directly compromised remains an open question.
Here’s the thing about bridge exploits: they tend to fall into a few predictable categories. Flaws in message validation, weak contract authentication, or unauthorized minting functions are the usual suspects. Think of a bridge like a courier service between two countries. If someone figures out how to forge the courier’s credentials, they can walk off with whatever’s being transported. The specific forgery method in this case hasn’t been identified publicly yet.
By pausing the bridge entirely, MAP Protocol is effectively locking the doors while it figures out which window was broken. This is considered best practice in the industry, even if it temporarily inconveniences users who need to move tokens between Ethereum and the MAPO mainnet.
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Bridges: crypto’s perennial weak spot If you’ve been in crypto for more than a year, you’ve seen this movie before. Cross-chain bridges have been responsible for some of the largest and most devastating exploits in the industry’s history.
The Nomad Bridge hack in 2022 saw over $186M drained due to an authentication error that effectively allowed anyone to spoof transactions. That wasn’t a sophisticated nation-state attack. It was so easy to replicate that hundreds of copycats piled in once the first exploit went through, turning it into a free-for-all.
And Nomad was far from an isolated case. The Ronin Bridge exploit that same year, the Wormhole hack, and numerous smaller incidents have collectively cost the industry billions of dollars. Bridges are attractive targets for a simple reason: they hold large pools of locked assets on one chain that correspond to minted tokens on another. Compromise the bridge logic, and you can either drain the locked funds or mint unbacked tokens. Either outcome is catastrophic.
The fundamental challenge is that bridges must verify information across two separate blockchain environments, each with its own consensus mechanism, security model, and transaction finality rules. It’s like trying to get two different countries’ postal systems to agree on what constitutes a valid package, in real time, with billions of dollars on the line.
MAP Protocol’s approach uses a peer-to-peer model with light client verification, which is designed to be more secure than bridges that rely on trusted third-party validators. The theory is that by verifying cross-chain messages cryptographically at the protocol level rather than through a multisig committee, you reduce the attack surface. Whether that theoretical advantage held up in this case is exactly what the investigation needs to determine.
What this means for investors For MAPO holders, the immediate practical impact is straightforward: you cannot move tokens between the Ethereum version and the mainnet version until the bridge is reopened. If you hold MAPO ERC-20 tokens on Ethereum, they’re staying on Ethereum for now. If you hold native MAPO on the mainnet, same story.
The bigger concern is what happens to market confidence. Bridge exploits, even when they’re contained quickly, tend to spook liquidity providers and users. If the exploit turns out to be minor and quickly patched, the damage to MAP Protocol’s reputation could be limited. If it involved significant fund losses, the recovery process, both technically and in terms of user trust, gets substantially harder.
Look, the crypto industry has developed a somewhat predictable playbook for these situations. Pause operations, investigate, publish a post-mortem, patch the vulnerability, potentially offer a bug bounty or white-hat reward if the attacker is cooperative, and resume operations. How MAP Protocol executes on each of those steps will matter more than the exploit itself.
One thing worth watching is whether the exploit was specific to Butter Bridge V3.1’s implementation or whether it reveals a deeper architectural issue. A bug in one version of the bridge software is fixable. A fundamental flaw in the cross-chain verification model is a much bigger problem.
For the broader market, this incident reinforces a trend that seasoned crypto investors already know well: cross-chain interoperability remains one of the highest-risk areas in DeFi infrastructure. Protocols that rely heavily on bridge functionality carry inherent smart contract risk that doesn’t exist for single-chain applications. That’s not a reason to avoid them entirely, but it is a reason to size positions accordingly and never leave more value in a bridge-dependent protocol than you can afford to lose.
Investors should monitor MAP Protocol’s official channels for a post-mortem report detailing the attack vector, any fund losses, and the remediation plan. The speed and transparency of that communication will be as telling as the technical details themselves.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
HSBC Bank Middle East spustila v SAE živou službu tokenizovaných vkladů a na síť Orion přidala dirham. Pro firemní klienty to znamená okamžitý nonstop přístup k přeshraniční likviditě.
HSBC Bank Middle East Limited has launched a live tokenized deposit service in the UAE, adding the UAE dirham to its HSBC Orion blockchain network and giving eligible corporate clients instant, around-the-clock access to cross-border liquidity, a production deployment, not a pilot.
The dirham becomes the sixth fiat currency on Orion, joining the euro, British pound, US dollar, Hong Kong dollar, and Singapore dollar, highlighting the recent strength shown by the UAE’s national currency.
This institutional adoption news dropped as Bitcoin sits fairly flat on the day, up a modest +0.4% in the past 24 hours, although the world’s largest digital asset is struggling to reclaim $63,000 and is currently trading for $62,700.
$BTC is currently in the sideways zone.
Either a full reclaim of $65,000 is needed or a sweep of the $60,500-$61,000 zone.
Given the $62,000 level is holding so far, Bitcoin could move towards the upside target first. pic.twitter.com/nq8OG2LXUf
— Ted (@TedPillows) June 24, 2026
What the HSBC Bank Tokenized Deposit Service Actually Does Tokenized deposits work by representing a conventional bank deposit as a digital token on a permissioned blockchain, meaning the underlying funds stay inside the regulated banking system, but they move with the speed and programmability of crypto rails.
Corporate treasury teams can shift funds instantly between subsidiaries and across borders, 24 hours a day, seven days a week, without waiting for correspondent banking windows to open.
The service is built on Orion, HSBC’s proprietary distributed ledger platform, a private, permissioned network rather than a public chain. Eligible corporate and institutional clients can onboard immediately, subject to UAE regulatory approvals and standard know-your-customer documentation requirements.
Mohamed Al Marzooqi, chief executive officer of HSBC UAE, said the rollout reflects both local regulatory readiness and genuine corporate demand. “The introduction of tokenized deposits to the UAE is a reflection of the maturity of the local regulatory environment when it comes to digital finance and the genuine demand from corporates operating in and through this market for more capable treasury tools,” Al Marzooqi said.
HSBC Launches Tokenised Deposit Service in the UAE https://t.co/0J0fdGwp1r #fintech #middleeast
— Fintech News UAE (@MeFintech) June 23, 2026
Orion’s Track Record in Digital Bonds The UAE launch is the latest step in a multi-year build-out of HSBC’s digital asset infrastructure. Orion powered a $1.3Bn-equivalent multicurrency digital green bond issuance for the Hong Kong government.
It is being described as the largest digital bond of its kind at the time, and facilitated the European Investment Bank’s first bond denominated in British pounds on a blockchain.
The UK government selected Orion as the platform provider for its sovereign Digital Gilt Instrument pilot program in February 2026. Kyle Boag, regional head of global payments solutions for HSBC Middle East, North Africa and Türkiye, said demand for real-time infrastructure continues to accelerate.
“The demand for instant, secure, always-on liquidity solutions is only increasing as businesses seek to compete in a globalized and highly digitalized world,” Boag said.
Why Retail Crypto Readers Should Pay Attention
(SOURCE: CoinGecko)
For traders tracking the real-world assets narrative, this matters. Tokenized deposits issued by a Tier-1 bank on a permissioned network function as a regulated stablecoin alternative for institutional flows, bank-grade credit backing, regulatory oversight, but crypto-like settlement speed.
The RWA market has already surpassed $51Bn, and HSBC’s move into the UAE adds a major institutional pillar to that figure. The UAE’s embrace of on-chain fiat, from HSBC’s dirham tokenization to broader tokenization initiatives across the Gulf, reinforces the region’s positioning as a regulated hub for corporate crypto adoption.
That regulatory maturity is precisely what draws institutional capital, and institutional capital is what gives blockchain-based financial infrastructure long-term durability beyond the hype cycle.
The broader RWA and tokenization trend is also reshaping payment corridors. Ripple’s RLUSD stablecoin is expanding cross-chain into new markets along similar rails, signaling that both bank-issued and protocol-native tokenized fiat are converging on the same institutional use cases.
HSBC bank has signaled plans to extend Orion to additional jurisdictions and to layer programmable payment and treasury automation capabilities atop the deposit infrastructure, suggesting the dirham launch is a waypoint, not a destination, in the broader on-chain cash management buildout.
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SummaryMicron Technology, Inc. delivered a blowout fiscal Q3, with revenue up 74% sequentially and 346% year-over-year, supporting my continued bullish stance.MU's forward P/E remains low at 9.4 despite a 265% YTD price surge, as earnings growth outpaces share appreciation, fundamentally supporting the rally.Pricing power, not just volume, is driving MU's results—DRAM and NAND ASPs surged while bit shipments grew modestly, signaling a structural shift in memory economics.Strategic customer agreements, robust HBM4 ramp, and diversified end-market strength suggest the current cycle remains sustainable, though MU risks from overcrowding and future oversupply must be monitored. mesh cube/iStock via Getty Images
Executive Summary Micron Technology, Inc. (MU) delivered exactly what the market needed. It did not just beat estimates. It crushed them.
Everyone held their breath. I am not going to lie, everyone was looking at Micron’s
4.86K Followers
Analyst’s Disclosure: I/we have a beneficial long position in the shares of MU either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Binance delistuje QTUM a XVS z marginových BTC párů a COS/BTC s FXS/BTC ze spotových párů. U QTUM/BTC a XVS/BTC se margin borrowing zastaví 7. listopadu v 06:00 UTC, úplné delistování přijde 14. listopadu v 06:00 UTC. Binance zároveň delistuje spotové páry COS/BTC a FXS/BTC 8. listopadu v 03:00 UTC.
Binance exchange announced on Wednesday that it will delist certain crypto assets in BTC margin trading pairs. The changes affect Qtum and Venus margin trading, as well as, Contentos and Frax spot trading. Despite the delisting news, QTUM has risen 8% today and XVS is up 7.5% due to post-election market momentum fueled by Donald Trump’s victory.
Binance Delisting Notice for QTUM, XVS, COS, FXS Traders According to Binance’s official release, the exchange plans to delist QTUM and XVS from BTC margin trading pairs. This move is part of Binance’s strategy to streamline offerings and enhance platform efficiency. Starting November 7 at 06:00 UTC, isolated margin borrowing for QTUM/BTC and XVS/BTC will be suspended, with full delisting on November 14 at 06:00 UTC.
Positions in both cross and isolated margin pairs will close automatically, with all open orders canceled. To prevent losses, Binance advises users to close their positions early and transfer assets from Margin Wallets to Spot Wallets. This guidance aims to help users navigate the transition smoothly.
While QTUM and XVS are leaving BTC margin trading, both assets will remain available on other non-margin pairs. This keeps options open for users who want to continue trading these assets on Binance. The changes reflect Binance’s ongoing adjustments to meet shifting market demands.
In addition, Binance will delist spot trading pairs COS/BTC and FXS/BTC on November 8 at 03:00 UTC. This decision follows Binance’s routine evaluations to maintain a high-quality trading environment. Factors like low liquidity and trading volume often influence these choices.
Price Movements and Volume Trends Amid Delisting The recent U.S. election result, with Donald Trump’s victory, has fueled a surge in these coins, reflecting renewed market optimism.
QTUM price is trading at $2.32, witnessing an intraday low of $2.13 and high of $2.32. While QTUM has gained traction in the short term, it’s still down over 3% the past week and 5% over last month. Moreover, the trading volume in the last 24 hours is $31 million and a market cap around $244.5 million.
XVS is also riding the wave, trading at $6.70, with a low of $6.19 and high of $6.70 over the last 24 hours. Its trading volume reached $2.82 million, indicating strong recent interest. Meanwhile, COS trades at $0.0066, and FXS is priced at $1.818, each seeing notable growth today.
LayerZero bridge pro rsETH byl napaden a rsETH na Ethereum mainnetu je plně kolateralizované; na Aave V3 i V4 zůstává zmrazené a rezervy WETH jsou zablokované v několika trzích včetně Ethereum, Arbitrum, Base, Mantle a Linea. Několik DeFi protokolů kvůli incidentu dočasně pozastavilo bridge nebo minting.
Saturday, April 20 — The LayerZero cross-chain bridge for rsETH (a liquidity re-staking token from Kelp DAO) was hacked, marking the largest DeFi hack of 2026 to date. The attacker forged LayerZero cross-chain messages to withdraw 116,500 rsETH directly from the bridge contract, then deposited the tokens into Aave and other lending platforms to borrow WETH—creating significant uncollateralized bad debt risk. Below is a roundup of responses from major DeFi protocols to the rsETH hack: Aave has shared an update on the rsETH incident: rsETH on the Ethereum mainnet is fully collateralized. The token remains frozen on Aave V3 and V4, while WETH reserves are frozen in affected markets including Ethereum, Arbitrum, Base, Mantle, and Linea. Aave is actively verifying details and evaluating potential resolutions. Ethena has officially extended the suspension period for its LayerZero OFT cross-chain bridge. Additionally, the protocol released updated reserve proofs confirming its USDe stablecoin maintains a collateralization ratio above 100%. LayerZero stated it has fully grasped the rsETH vulnerability and has been collaborating with the Kelp DAO team on fixes since the hack occurred, while continuously monitoring the situation. All other applications remain secure, and the protocol will publish a comprehensive post-incident analysis report alongside Kelp DAO once all relevant information is compiled. Fluid announced the launch of its aWETH redemption protocol, which enables ETH borrowers to: redeem for wstETH or weETH (restoring liquidity immediately and reducing liquidation risk); redeem in full if they only borrowed ETH; or seamlessly convert ETH collateral to wstETH/weETH while keeping other debts intact. The protocol’s initial capacity is capped at $1 billion worth of ETH. Morpho has temporarily suspended its MORPHO LayerZero OFT cross-chain bridge on Arbitrum until the root cause of the rsETH incident is identified. The protocol noted its smart contracts are secure and operating normally; risk exposure is limited (only ~$1 million worth of ETH was borrowed using rsETH as collateral, spread across two isolated markets out of thousands total). Thanks to Morpho’s fully isolated market design, all other vaults remain unaffected. Curve Finance announced it has suspended its LayerZero infrastructure, impacting: CRV bridging from BNB, Sonic, Avalanche, Fantom, Etherlink, and Kava (bridging from other chains still uses native bridges); and crvUSD quick bridging (L2 slow bridging remains operational). Reserve issued an official update: Its DTF holders are unlikely to be affected. RSR stakers in the Reserve Protocol’s USD3 and eUSD may qualify for "first-loss capital" protection, though the impact is minimal and RSR’s overcollateralization is sufficient to cover any potential losses. ETH+ and bsdETH contain no rsETH collateral, making them zero-risk. As a precaution, Reserve has temporarily paused minting, rebalancing, and RSR unstaking for eUSD and USD3—redemption functionality remains operational. Maple Finance stated all USDT provided on Aave Mantle using syrupUSDT has been withdrawn. Its syrupUSDC and syrupUSDT products are not impacted by the rsETH exploit. Polygon has been actively monitoring the rsETH exploit. The Polygon chain, Agglayer, and entire ecosystem (including Katana and Vaultbridge) have not been impacted by the incident. EtherFi announced its protocol’s liquidity pool remains unaffected by the Kelp rsETH exploit, and pool users will not suffer any fund losses. Hyperliquid’s DeFi project Hyperwave announced it has temporarily suspended all LayerZero bridging of Hyperwave assets as a precautionary measure.
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Analysis: Bitcoin miners face profit pressure, with around 20% of mining firms now operating below the break-even point.
Bitcoin miners' revenue continues to decline, with the current 7-day average daily income dropping to around $30 million, a notable pullback from the over $50 million level seen last summer. Meanwhile, on-chain transaction fee revenue has fallen to less than $250,000, accounting for an extremely small share of miners' total income. Data from JPMorgan Chase shows the average production cost is approximately $78,000, and Bitcoin’s price has remained below this level for five consecutive months — the longest such stretch in the current cycle. An estimated 20% of miners are already operating at a loss; some high-cost miners have begun frequently powering their mining rigs on and off in response to price fluctuations, leading to a stronger correlation between network hash rate difficulty and Bitcoin’s price. Additionally, Bitcoin’s mining difficulty was adjusted down by roughly 10% in the second week of June, marking the second pullback of the same magnitude this year. Publicly listed mining companies, meanwhile, are relying more on their balance sheets to sustain operations, selling over 32,000 BTC in the first quarter alone to cover operating costs. Analysts note that against the backdrop of continuously shrinking block subsidies and stagnant fee revenue, a recovery in miners’ profits will primarily depend on a rise in Bitcoin’s price.
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Japan and South Korea's stock markets opened higher, with South Korea's KOSPI index rising 2.9% and SK Hynix surging 11%.
According to Bitget market data, the Nikkei 225 index opened 1.4% higher at 70114.09. South Korea’s KOSPI index rose 2.9%. South Korean stocks SK Hynix gained 11%, while Samsung Electronics rose 5%.
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Trader Maji was liquidated on his 25x leveraged long Ethereum position, incurring $1.9 million in losses, and subsequently opened a new position.
According to monitoring by OnchainLens, Stanley Huang, known as "Machi Big Brother" (@machibigbrother), has had his 25x leveraged long Ethereum (ETH) position fully liquidated, incurring a loss of approximately $1.9 million. Notably, he opened a new 25x leveraged long ETH position immediately after the liquidation. Machi Big Brother’s cumulative historical losses exceed $35.4 million.
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Micron posted strong quarterly results, with its quarterly revenue and next-quarter outlook significantly exceeding market expectations. Its stock surged nearly 16% in after-hours trading, driving a broad rally across the storage sector.
According to its official financial report, Micron Technology (MU.O) reported Q3 fiscal 2026 revenue of $41.456 billion, beating market expectations of $35.423 billion and surging from $9.301 billion in the year-ago period. The company issued Q4 fiscal revenue guidance of $50 billion, against market expectations of $42.915 billion. Micron CEO Sanjay Mehrotra stated: "Micron’s record-breaking Q3 fiscal financial results and stronger Q4 outlook reflect the strategic value of memory chips in the AI era. We believe our multi-year strategic customer agreements will significantly enhance the durability and predictability of Micron’s strong financial performance." Micron’s Q3 report showed net profit of $28.24 billion, or $24.67 per share, up from $1.89 billion, or $1.68 per share, in the same period last year. Excluding certain one-time items, Micron reported adjusted earnings per share (EPS) of $25.11, exceeding analysts’ consensus estimate of $20.86. Driven by the quarterly revenue and outlook that topped expectations, as of press time, Micron jumped 15.95% in post-market trading on the U.S. stock market, also lifting other memory stocks sharply: Seagate (STX) rose 10.21%, Western Digital (WDC) gained 12.31%, and SanDisk (SNDK) surged 15.77%.
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Kalshi is reportedly seeking a new round of financing, with its valuation potentially rising to $40 billion.
According to a report from the U.K.’s Financial Times, prediction market platform Kalshi is in discussions with investors for a new funding round targeting a roughly $40 billion valuation, with a potential close as early as the third quarter of this year. The development follows Kalshi’s $1 billion financing round completed last month, which valued the firm at $22 billion, with backers including leading institutions such as Coatue, Sequoia Capital, Andreessen Horowitz, and Morgan Stanley. Data shows Kalshi’s trading volume last month surpassed $17 billion, a sharp jump from less than $5 billion a year prior, with approximately 65% of that volume stemming from sports-related prediction contracts.
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Polymarket integrates with Telegram via TON, enabling users to participate in prediction markets directly within the messaging app.
Polymarket has been integrated into Telegram via Predict, a native decentralized application (dApp) of the TON ecosystem. Developed by the Getgems team, the app allows users to directly participate in prediction markets covering sports, politics, cryptocurrency, culture and other sectors within Telegram. Transaction results are settled on-chain, and users retain full control over their assets. Users can participate in trades using USDT on the TON network, and pay a small amount of GRAM for gas fees. The cross-chain infrastructure is powered by STON.fi’s Omniston protocol, enabling the prediction market service to seamlessly integrate into the Telegram ecosystem.
Jupiter a Bitwise spustily na Solaně izolovaný USDe lendingový trh pro institucionální klienty. Bitwise bude spravovat parametry poolu a Fluid dodá kolaterální a lendingovou infrastrukturu.
TLDRBitwise and Jupiter Launch Isolated USDe Market on SolanaUSDe Gains Dedicated Lending Support Through Fluid IntegrationGet 3 Free Stock Ebooks Jupiter has partnered with Bitwise to launch an isolated USDe lending market on Solana. Bitwise will curate the dedicated USDe pool within Jupiter Lend for institutional participants. The USDe market will operate separately from Jupiter Lend’s main liquidity layer. The structure aims to manage risk and support institutional capital participation. Fluid protocol will provide collateral and lending infrastructure for the isolated pool. Jupiter has partnered with Bitwise to launch an isolated USDe lending market on Solana. The firms announced the initiative on Wednesday and confirmed institutional access. The structure separates USDe liquidity and integrates Fluid for lending infrastructure support.
Jupiter confirmed that Bitwise will curate a dedicated USDe market on Jupiter Lend. The platform will isolate this market from its main liquidity layer to manage risk. The firms said the structure aims to support institutional capital with controlled exposure.
Bitwise will oversee market parameters while Jupiter provides the lending framework. The setup marks the first time an institutional asset manager curates a market on Jupiter Lend. The companies stated that this approach strengthens risk management and capital efficiency.
The isolated pool will function independently from other lending markets on the platform. As a result, liquidity risks from other assets will not affect the USDe market. The partners said this design aligns with institutional compliance standards.
Jonathan Man, Head of DeFi Strategies at Bitwise, addressed the launch. He said, “Jupiter and Fluid have built unique infrastructure for efficient lending markets.” He added that the design provides deep liquidity and risk-mitigating features.
USDe Gains Dedicated Lending Support Through Fluid Integration The initiative integrates Fluid protocol to supply collateral and lending infrastructure. Fluid will support collateral management and borrowing operations within the isolated pool. The firms confirmed that this integration enhances operational efficiency.
The new market allows users to earn yield on USDe within Jupiter Lend. USDe functions as a synthetic asset that maintains a stable value target. Ethena Labs issues the token and oversees its underlying structure.
Guy Young, CEO of Ethena Labs, commented on the development. He said, “USDe is an institutional-grade savings product, built for scale.” He added that the combined infrastructure creates an efficient USDe market ready for DeFi adoption.
USDe launched in early 2024 and expanded rapidly across crypto markets. By mid-2025, it ranked as the third-largest stablecoin by market capitalization. The asset attracted institutional participation during its early growth phase.
However, USDe later declined in market rankings after volatility pressures. A crypto market crash on Oct. 10 exposed decoupling risks linked to the asset. Market data showed fluctuations in USDe’s price stability during that period.
Jupiter and Bitwise did not disclose specific yield rates for the market. They confirmed that the structure will operate under defined collateral parameters. The companies stated that the market is now live on Solana.
Fluid po depegu Resolv vyčistil zhruba 8 mil. USD špatných pohledávek přes předem schválenou úvěrovou linku. DAO má zpětně uvolnit zmrazená treasury aktiva v hodnotě 8,2 mil. USD.
Fluid cleaned up its share of the Resolv USR exploit bad debt the way a fast-moving team does: a single multisig pulled roughly $8M of USDC and USDT out of the shared liquidity layer through a pre-approved credit line, swept thousands of scattered bad-debt positions into one address, and balanced the books. The matching $8.2M treasury commitment that’s supposed to repay the credit line is locked in restricted positions that need a governance vote to unlock. That vote was posted to the forum days later, with the on-chain action already done.
The protocol stayed solvent. No user deposit was touched. TVL is holding around $970M. The cleanup worked.
Then an on-chain researcher started pulling the transaction trail apart, and the story stopped being about Resolv.
It is May 17, 2026 as I write this. The governance proposal is still being debated, the on-chain criticism is still landing on X, and the numbers below will keep moving for a while yet. The structural argument underneath them is what this piece is about.
Fluid is the lending-and-DEX protocol that grew out of InstaDapp, now operating under its own FLUID token and DAO. The architectural premise is a single shared liquidity layer that every Fluid subprotocol (lending vaults, DEX, DEX Lite) borrows from, rather than maintaining its own siloed pools. Suppliers deposit assets once and earn from utilization across every market that draws on the layer.
That design has obvious capital-efficiency upside. It also concentrates risk in a specific way: subprotocols that can pull from the layer hold permissioned credit lines, and a Guardian multisig can pause access in an emergency. The team multisig is the load-bearing piece in that setup.
The credit line at the center of this story was originally approved by governance for Fluid DEX Lite, a gas-optimized swap router launched in August 2025 that uses the liquidity layer as its inventory source. It is a permissioned, uncollateralized facility: an approved address can draw USDC and USDT out of the shared pool against the protocol’s credit rather than against posted collateral. In May 2026, the team multisig drew on this same facility to consolidate bad-debt positions left behind by the Resolv depeg.
The Underlying Incident: A Quick Recap In late March 2026, an attacker compromised Resolv Labs’ off-chain signing infrastructure and minted approximately 80 million unbacked USR through a broken completeSwap() flow. USR depegged hard, and roughly $25M of extracted value got dumped through DEX liquidity. The full breakdown is in our Resolv USR exploit post.
Fluid had about $100M of USR exposure when the depeg hit, mostly through lending markets where USR and its wrapped variants were supplied as collateral against USDC and USDT borrows. When USR collapsed, ~$21M of positions went underwater and turned into bad debt sitting against the protocol. Fluid’s own contracts were not exploited. Oracles, pricing logic, and validation were upgraded immediately after the incident. The damage was downstream of a counterparty failure, not internal.
On May 12, 2026, Fluid announced the resolution. The $21M loss was split three ways:
Resolv: ~$9.7M (the issuer absorbing the largest share) Fluid governance treasury: ~$8.2M Fluid core team: ~$1.5M, reimbursed from future protocol revenue Roughly $19.3M was repaid in full, with the team fronting its $1.5M slice in cash now and the protocol committed to reimbursing it from future revenue. The remaining malicious USR was burned at the contract level; healthy positions remained redeemable directly via Resolv.
The split itself was uncontroversial. Most observers treated it as a pragmatic outcome that kept users whole. The fight that broke out this week is about how the treasury’s $8.2M share got onto Fluid’s balance sheet on-chain.
The Proposal on the Table On May 11, 2026, the Fluid team posted “Post-Mortem, Treasury Actions, and Forward Strategy Following Resolv Incident” to the governance forum. It bundles four things:
A formal post-mortem of the Resolv incident, including the loss split. Treasury actions for the $8.2M contribution: transferring the treasury’s full balance of iETHv2 deposit tokens, plus ancillary positions like fGHO, from the treasury’s DeFi Smart Account to the team multisig so the multisig can liquidate them and repay the credit line it drew against the liquidity layer. Financial restructuring: an immediate halt to FLUID buybacks (the program had bought back roughly 1.3% of supply and was judged ineffective for price support), a significant reduction in FLUID emissions, and a four-month suspension of the $250k/month Foundation grant covering March through June 2026. Security and roadmap changes: a detailed oracle overhaul (per-key pricing, multi-leg feeds, deviation checks, per-token pause bits, sequencer-uptime guards on L2), legal agreements with asset issuers for enforceable claims in depeg scenarios, a delay on the DEX v2 launch, continuation of the Solana DEX v1 launch (~6 weeks out, audits wrapping), and a forward product slate that includes Liquidity-as-a-Service, fixed-rate borrowing, custodied collateral, and institutional onboarding. The proposal does not introduce new spending. It formalizes the asset movements needed to settle a position the team multisig already opened. As of writing, the forum thread has minimal direct engagement; the live debate has migrated to X.
What Actually Happened On-Chain The critique that ignited the past two days came from on-chain researcher @jpn_memelord, who walked the transactions and posted a step-by-step thread. The mechanics below are reconstructed from that thread and the founder’s reply on X; addresses called out in the original posts can be cross-checked against any Ethereum explorer.
The Resolv depeg left ~$8M of bad debt spread across thousands of individual lending positions on Fluid (collateral marked down faster than the loans against it). Cleaning this up position-by-position would have been slow, expensive in gas, and visible to users on a market-by-market basis. The team multisig instead drew USDC and USDT directly from the liquidity layer, using the pre-approved DEX Lite credit line, and consolidated the bad debt into a single address. The thousands of small unhealthy positions were repaid; one large debit sat against the multisig instead. The treasury’s own assets (the iETHv2 deposits and ancillary positions described in the proposal) were not immediately accessible at full value. iETHv2 sits in a vault currently subject to restrictions that effectively require governance action to fully liquidate. The treasury’s liquid balance was closer to $5.3M than the headline $8.2M figure. The May 11 proposal is the governance step that resolves that mismatch: move the restricted treasury assets to the multisig so they can be unwound and used to repay the credit line. The critique was never that any of this was hidden. The on-chain footprint was visible from the first block. The objection is that the credit-line draw happened before the governance vote that authorizes it. Until the treasury assets are unlocked and applied, the outstanding balance against the liquidity layer effectively sits on the shoulders of USDC and USDT suppliers, whose deposits are the source of the funds the multisig used.
Critics argue this constitutes a change in the risk profile that suppliers signed up for: they consented to lending into a credit facility scoped to DEX Lite expansion, not to short-term bad-debt cleanup. Net-neutral over the lifetime of the operation, yes. Risk-neutral at every point along the way, less obviously.
Why the Treasury Wasn’t Simply Available Much of the X argument turns on a detail that’s easy to miss: a DAO treasury denominated in productive assets is not the same thing as a treasury denominated in cash.
Most of Fluid’s treasury value sits in iETHv2 deposit tokens, claims against an ETH position in one of Fluid’s v2 lending vaults. That position was earning yield, which is the whole reason it was structured that way. But a deposit token isn’t a stablecoin you can hand over to repay USDC and USDT borrows; it has to be redeemed through the vault, and per the proposal that withdrawal path is currently restricted and needs governance unlock. Smaller positions like fGHO need to be converted to GHO and then routed.
You can defend either of two positions here.
Position A (team): pre-positioning treasury in productive assets is good capital management; nobody anticipated needing to pull eight figures of liquid stables in a hurry; the credit line was the cleanest tool to bridge the gap until governance can unlock the assets formally. Net effect: nothing leaves the protocol, the books balance, users are protected, and the multisig is acting as an intermediary on its own balance sheet rather than spending fresh money.
Position B (critics): a treasury that requires governance unlock to be deployed in an emergency is, for the duration of that unlock, closer to a designated future contribution than to ready cash. The $8.2M headline figure overstated what was actually available. Using a DEX-Lite-scoped credit facility to paper over the gap stretched the definition of “pre-approved” past what suppliers had reason to expect.
Both positions are defensible. The interesting question is which one the precedent set this week will look like, twelve months from now, when the next emergency lands.
The Founder’s Pushback Fluid founder Samyak Jain (@smykjain) responded on X, and the team-account @0xfluid backed the framing. The argument, in short:
The credit-line draw was internal accounting, not new spending. The multisig consolidated bad debt; assets balanced out at the protocol level; the move did not extract money from the system. The governance proposal had been drafted days earlier. The team accelerated its posting in response to the criticism rather than because the underlying plan changed. The DEX Lite credit line was a pre-existing governance grant, and using a multisig with permissioned access for an emergency cleanup was within the scope of how that role was designed. Some of the criticism, in the team’s read, is downstream of rival-protocol community politics rather than substantive risk analysis. The last point tends to land badly in DeFi governance. Accusing critics of bad faith is sometimes correct and almost always counterproductive. The substantive answer (“the multisig consolidated debt, nothing left the protocol”) is stronger on its own.
The Numbers Worth Holding On To Strip out the X noise and there’s a clean set of figures.
Item Value Pre-incident Fluid USR exposure ~$100M Bad debt from Resolv depeg ~$21M Resolv contribution ~$9.7M Fluid treasury contribution ~$8.2M Core team contribution (deferred) ~$1.5M Total repaid up front ~$19.3M Liquid treasury at time of cleanup ~$5.3M Treasury assets requiring governance unlock bulk in iETHv2 + ancillary fGHO Credit-line draw from liquidity layer ~$8M in USDC + USDT Foundation grant suspended $250k/month × 4 months FLUID supply previously bought back ~1.3% Current TVL ~$970M FLUID price drawdown from ATH ~93% from $24.40 The two figures that should make a careful reader pause are the liquid treasury balance ($5.3M) versus the headline treasury contribution ($8.2M), and the credit-line draw of roughly $8M in USDC and USDT against the liquidity layer. The first says the treasury was smaller than the announcement implied. The second says the gap was bridged through a pre-existing credit facility rather than a fresh authorization. Everything controversial about this story sits between those two numbers.
What This Says About DeFi Governance There’s a recognizable shape here, and we’ve written about it before in Aave’s governance crisis and the broader question of how decentralized “decentralized governance” actually is. An operationally competent core team holds the keys that matter. An emergency creates time pressure. The team acts. The formal process catches up afterward. And the resulting argument is about whether “catches up afterward” counts as governance at all.
The structural tension is real and not unique to Fluid. Modern DeFi protocols are not, in practice, governed by 14-day voting cycles on every operational decision. They are governed by a thin layer of permissioned roles that can move quickly, sitting on top of a broader DAO that ratifies, audits, or revokes those roles. The argument is over how thin that layer should be, what triggers it has to clear before acting, and how much of the post-facto ratification can be drafted by the same people who took the action.
A few honest observations:
The pragmatic case is strong. Distributed governance is slow. An $8M cleanup that requires a 14-day Snapshot vote is an $8M cleanup that gives the market 14 days to short the FLUID token and short USR-adjacent assets, while bad debt accrues interest on the protocol’s side. The team’s instinct to consolidate and balance the books before the news cycle peaked is operationally defensible. The transparency case is also strong. USDC and USDT suppliers consented to a credit facility scoped to one purpose. Repurposing it for another, even with the intent to repay, broadens what “permissioned access” can be used for without consulting the people whose deposits sourced the funds. Future suppliers will price that ambiguity into the yield they demand, or simply route capital elsewhere. Precedent compounds. If “pre-approved credit line, drawn by multisig, ratified later” lands as an acceptable emergency procedure, the boundary of acceptable emergency procedures has moved. The next protocol facing a similar choice can point at this one. Norms drift that way, one defensible decision at a time. Neither side of this debate is obviously stupid. Both are arguing about a real trade-off that hasn’t been satisfactorily resolved anywhere in DeFi.
Uncomfortable Questions Why did the team multisig hold this much operational authority in the first place? Pre-approved credit lines for specific subprotocols are not unusual. Pre-approved credit lines that can be repurposed for ad-hoc cleanup are a different category. If the answer is “the role was always intended to cover emergencies,” the role’s documented scope should say so. If the answer is “the scope was narrow but we used it broadly under stress,” that’s worth saying explicitly.
What is the actual unlock mechanism for iETHv2? The proposal references restricted treasury assets but does not detail the mechanics that prevent immediate access. For depositors and suppliers trying to reason about how much of any DAO treasury is genuinely available in a crisis, that mechanism matters more than the headline number on the dashboard.
Where does the precedent end? Could the same credit line be drawn against tomorrow for an emergency that the DAO would not have authorized in advance? The team’s answer is no, but the answer that matters is the structural one: what stops it?
How does this interact with the Fluid Foundation proposal? Fluid is in the middle of transferring IP and protocol assets to a Cayman Islands foundation, with InstaDapp employees on the board, governed by DAO votes. The foundation is the legal entity that will eventually hold the multisig keys. If the practical pattern is that the team acts and the DAO ratifies, the foundation structure makes that pattern legally cleaner, not more constrained. That’s either a feature or a problem depending on which side of this week’s argument you’re on.
What is the right design for emergency capital? The useful medium-term outcome of this incident would be a structured emergency facility: capped in size, scoped explicitly to bad-debt cleanup, refilled by a defined rule, and ratifiable in a single short vote. A facility like that would let future cleanups happen without re-litigating the boundaries of pre-approved roles every time. Whether the team or the community drives that work is itself a governance question.
What’s Likely to Happen Next The governance proposal will probably pass. The treasury actions described in it are the cleanest path to closing the credit-line draw and restoring the books to a fully governance-ratified state. Rejection would force a new proposal and leave the credit line drawn against the liquidity layer in the interim, which is a worse outcome for the suppliers the critics are nominally defending.
The buyback pause, emissions cuts, and Foundation grant suspension will likely face less debate. Pulling sell pressure off the token while confidence is fragile is what most protocols do after a drawdown like this. The four-month grant suspension also cuts near-term spending while the treasury rebuilds, which is part of why it’s easy to ratify.
The DEX v2 delay is a tell. DeFi spent April watching the KelpDAO rsETH exploit drain $292M out of Aave through a single forged LayerZero packet, and confidence in cross-protocol composability hasn’t fully rebuilt. Postponing a major DEX launch into that backdrop reads as cautious market timing, not a Fluid-specific weakness.
The longer-term consequence is harder to see. Fluid’s core product fundamentals are intact: the shared liquidity layer, the lending markets, the DEX integration. The protocol absorbed a nine-figure indirect hit from an upstream counterparty and emerged solvent, with users whole and TVL stable. That is a real engineering and operational achievement.
But the part that fed this week’s argument is not unique to Fluid and will not be the last time we see it. Speed versus process, permissioned credit lines used for purposes broader than their origin envisioned, governance votes that follow rather than precede the action they authorize. The next protocol to hit this kind of incident will look at how Fluid handled it, see that the cleanup worked, and either copy the playbook or build the structured emergency facility that makes the playbook unnecessary.
Which way that goes is the actual governance question. The proposal posted on May 11 only settles whether the iETHv2 actually moves.
Fluid na Ethereu byl zneužit přes mechanismus odměn a útočník odcizil asi 215 000 USD v aktivech. Zasaženy byly jen distribuce odměn, ostatní části projektu zůstaly nedotčeny.
PANews reported on June 1st that, according to BlackHart, the reward distribution mechanism of the DeFi project Fluid on Ethereum was exploited, resulting in the theft of approximately $215,000 in assets. Fluid employs a Merkle reward list mechanism where one key initiates and another approves. The attacker possessed both operating private keys, submitted and approved a list of rewards to be distributed only to themselves, and then used a null proof to complete the claim. The stolen assets came from three reward distributors, including 112,883 FLUID, 47,903 GHO, and a small amount of cbBTC, which were later exchanged for ETH and transferred via Tornado Cash. Fluid's lending market, vault, DEX, and user deposits were unaffected. The team replaced the compromised key and transferred the remaining reward funds within approximately 10 hours, but the public statement only mentioned that reward claims were temporarily suspended, without mentioning details of the private key leak and the loss.
Cumberland, Fluid a SwissBorg se připojily k ekosystému Hashi na síti Sui před spuštěním globálního testnetu v červenci. Hashi má otevřít institucionální úvěrování kryté bitcoinem a další onchain produkty.
Grand Cayman, Cayman Islands, June 23rd, 2026, Chainwire
Sui aims to transition more of Bitcoin’s $1.2T market cap into verifiable, productive onchain products.
Hashi, Sui’s native bitcoin finance primitive, gains more institutional support ahead of the scheduled launch of its global testnet this July.
Sui, where money moves as freely as messages, announced today that Cumberland, Fluid, and SwissBorg have joined the Hashi ecosystem, Sui’s native bitcoin finance primitive, weeks ahead of its scheduled global testnet launch this July. The expanding coalition addresses a critical bottleneck in crypto: solving the persistent capital inefficiency by unlocking over a trillion dollars of immobile BTC into DeFi safely.
Previous market cycles demonstrated the systemic dangers of relying on opaque, centralized credit intermediaries such as Celsius, Voyager, and Genesis to generate utility from dormant assets. Hashi replaces centralized balance-sheet trust with verifiable smart contract logic.
But with a strict separation for safety by design, Bitcoin remains securely on the native Bitcoin blockchain. Sui smart contracts handle the cryptographic and programmatic rights to enable its use as financial collateral.
“Hashi was built to unlock the productive use of Bitcoin at a scale the industry hasn’t seen before,” Adeniyi Abiodun, Co-Founder and Chief Product Officer of Mysten Labs, the original contributor to Sui. “We believe Bitcoin will become one of the largest sources of collateral in finance as the world moves onchain, and Hashi provides the foundation to make that possible on Sui.”
Built for Institutional Bitcoin Finance
Hashi is a foundational primitive setting a new standard for how builders can create bespoke, Bitcoin-backed financial products with risk parameters and loan terms that are fully verifiable onchain. In just a few weeks’ time, institutions, custodians, wallet providers, and developers can begin freely testing the infrastructure that will support Bitcoin-backed lending, borrowing, and credit origination on Sui.
Expanded Institutional Support
Three new powerhouses join the growing Hashi ecosystem, broadening support for institutional liquidity providers, market makers, and digital asset platforms:
Cumberland: One of the digital asset industry’s largest institutional market makers, Cumberland joins the Hashi ecosystem to evaluate the protocol’s structural frameworks and prepare for eventual onchain liquidity provisioning. SwissBorg: A European wealth management app with over one million users, is exploring opportunities to connect its network of European high-net-worth Bitcoin holders and liquidity providers to Hashi, creating new pathways for Bitcoin-backed borrowing and lending. Fluid: A major DeFi lending protocol with a strong record of efficient, safe trades, is now building in preparation for mainnet institutional services. Fluid’s participation would provide institutional-grade lending markets and deepen access to Bitcoin-backed credit on Sui. These new builders join an industry-leading group of infrastructure providers, custodians, and DeFi protocols already working together to build a native Bitcoin financial ecosystem on Sui.
“Bitcoin is the world’s most liquid digital asset, but without native utility, it remains an off-chain asset,” said Paul Kremsky, Global Head of Business Development at Cumberland. “Hashi is exciting because it introduces a transparent, institutional-grade framework for BTC-backed credit that will replace synthetic workarounds with a product we are excited to use ourselves.”
“Our community has consistently sought native ways to lend and borrow against their Bitcoin,” said Cyrus Fazel, Founder & CEO at SwissBorg. “We’re thrilled to see Hashi delivering innovative solutions that make this a reality.”
“The next phase of the industry’s growth will come from bringing larger pools of capital onchain through infrastructure institutions can actually trust,” said Samyak Jain, Co-Founder & CEO at Fluid. “Hashi gets this right: Bitcoin stays on its native chain while verifiable contracts make it productive as collateral. Fluid’s lending infrastructure is built to turn that into deep, capital-efficient Bitcoin-backed credit markets on Sui.”
These additions expand the growing consensus of many partners announced earlier this year that Sui is where Bitcoin finance will take flight, thanks to Hashi:
Custody & Wallet Access
BitGo: Institutional custody clients. Blockdaemon, Cobo, Fordefi (by Paxos): Institutional wallet and infrastructure providers. Cubist: Cross-chain collateral infrastructure and transfer engine. Ledger: Retail/institutional self-custody. SwissBorg: UHNW European retail/institutional asset management and wallet interface. Lending, Trading & Liquidity Providers
Bullish: Institutional digital asset platform supplying liquidity. Cumberland: Leading institutional crypto market maker and liquidity provider. Erebor: OCC-chartered bank providing liquidity. FalconX: Institutional prime brokerage supplying liquidity. DeFi & Lending Applications
AlphaLend, Bluefin, Current, Scallop, Suilend: Native DeFi protocols enabling retail lending and borrowing on day one. Fluid: Connecting lending, borrowing, liquidity and more financial products into a capital-efficient system. Navi: One of Sui’s largest and longest running DeFi protocols slated for Hashi lending. Vaults & Asset Management
Concrete by Blueprint Finance: Yield-infrastructure vault platform. Inveniam Capital: Real-World Asset (RWA) yield strategies. Wave Digital Assets LLC: SEC-registered investment adviser working with industry partners to facilitate the issuance of Bitcoin-collateralized bonds. Index Oracle, Insurance & Security Auditing
CF Benchmarks: Crypto index provider distributing pricing data via oracles. Soter Insure: Native, Bitcoin-denominated institutional insurance. Asymptotic, Certora, OtterSec: Smart contract security and formal verification auditors. The activation of the global testnet this July represents the ultimate rehearsal for fully changing Bitcoin Finance. This sandbox environment is designed for institutional engineers, Sui protocols and developers, and custody partners to test integration parameters, stress-test the code under simulated market volatility, and verify cryptographic integrity ahead of mainnet release.
Technical documentation and testnet access configurations will be hosted at https://www.sui.io/hashi.
About Sui
Sui, where money moves as freely as messages, is a next-generation Layer 1 blockchain built for scalable finance and global payments. Founded by the core team behind Meta’s stablecoin initiative and powered by an object-centric model, Sui makes assets, permissions, and user data programmable and ownable. Sui’s primitives offer builders everything they need to create high-performance payments and financial applications, including instant agentic payments. Users can learn more at sui.io.
Huma Finance spustila PST na Fluid, kde lze aktivum vkládat, půjčovat si proti němu a využívat looping přes jednu integraci. Podpora Chainlink přidává cenová data a cross-chain infrastrukturu.
Huma Finance's PayFi asset ($PST), backed by real-world payments, now accesses DEX liquidity and borrowing on Fluid through a single integration. PST is among the first assets leveraging Fluid's Liquidity as a Service infrastructure — designed to bring scalable liquidity to real-world assets.
Huma Finance, the leading PayFi network providing on-chain liquidity for global payment financing, today announced that PST — its USDC-denominated yield primitive backed by real-world payment flows — is now live on Fluid.The launch leverages Fluid, one of the top decentralized exchanges and lending venues on Ethereum and the world's most capital-efficient Liquidity Layer for finance. This partnership combines Huma's PayFi yield primitive with Fluid's composable liquidity layer and Chainlink's institutional-grade cross-chain infrastructure and oracles, enabling PST to be deposited, borrowed against, and looped natively on Fluid from day one.
Since inception, Huma has facilitated over $14 Billion in payment volume with zero credit defaults, delivering institutional-grade USDC yield sourced from real-world payment financing activities including cross-border prefunding, trade finance, settlement liquidity, and credit card receivable financing. With this launch, Ethereum DeFi users can now borrow USDC and USDT against PST, or loop their PST positions natively on Fluid.
Through a single integration with Fluid, PST accesses DEX liquidity, borrowing markets, and looping mechanics in one infrastructure layer. PST is among the first assets leveraging Fluid's Liquidity as a Service platform — Fluid's institutional infrastructure designed to bring scalable, composable liquidity to real-world assets. The single-integration model gives RWA issuers a unified deployment path: one connection, three composability surfaces.
The integration is supported by Chainlink, whose oracles provide institutional-grade pricing for PST, while CCIP — secured by Decentralized Oracle Networks with a minimum of 16 independent node operators per bridge lane — connects PST across chains. Together, this gives lending markets, vault curators, and structured product venues the infrastructure to integrate PST with institutional-grade reliability.
About Huma: Huma Finance is the first PayFi network, providing on-chain liquidity for global payment financing. The network has processed more than $13 Billion in payment volume with zero credit defaults to date. PST, Huma's PayFi Strategy Token, is the network's USDC-denominated yield primitive, backed by real-world payment financing flows including cross-border prefunding, trade finance, settlement liquidity, and credit card receivable financing. Learn more at huma.finance.
About Fluid: Fluid is the world's most capital-efficient Liquidity Layer for finance that can support an entire ecosystem of financial products on top of it. Connects lending, DEX, borrowing, stablecoin markets and more financial products into one efficient system. Learn more at fluid.io.
About Chainlink: Chainlink is the industry-standard oracle platform bringing the capital markets onchain and the market leader powering the majority of decentralized finance (DeFi). The Chainlink stack provides the essential data, interoperability, compliance, and privacy standards needed to power advanced blockchain use cases for institutional tokenized assets, lending, payments, stablecoins, and more. Since inventing decentralized oracle networks, Chainlink has enabled tens of trillions in transaction value and now secures the vast majority of DeFi. Learn more at chain.link.
For more information about the partnership and related investment opportunities, visit:
Huma Finance: https://huma.finance/
Fluid: https://fluid.io/
Chainlink: https://chain.link/
PST contract on ETH mainnet: 0x22aE3D9a738471f405169Af055d31c687087d4c7
Explore PST Market on Fluid: https://fluid.io/dashboard/1?token0Address=0x22ae3d9a738471f405169af055d31c687087d4c7
Cumberland, Fluid a SwissBorg se připojily k Hashi od Sui před červencovým spuštěním globálního testnetu. Projekt má na Sui otevřít institucionální BTC zajištěné půjčování a vypůjčování.
[PRESS RELEASE – Grand Cayman, Cayman Islands, June 23rd, 2026]
Sui aims to transition more of Bitcoin’s $1.2T market cap into verifiable, productive onchain products.
Hashi, Sui’s native bitcoin finance primitive, gains more institutional support ahead of the scheduled launch of its global testnet this July.
Sui, where money moves as freely as messages, announced today that Cumberland, Fluid, and SwissBorg have joined the Hashi ecosystem, Sui’s native bitcoin finance primitive, weeks ahead of its scheduled global testnet launch this July. The expanding coalition addresses a critical bottleneck in crypto: solving the persistent capital inefficiency by unlocking over a trillion dollars of immobile BTC into DeFi safely.
Previous market cycles demonstrated the systemic dangers of relying on opaque, centralized credit intermediaries such as Celsius, Voyager, and Genesis to generate utility from dormant assets. Hashi replaces centralized balance-sheet trust with verifiable smart contract logic.
But with a strict separation for safety by design, Bitcoin remains securely on the native Bitcoin blockchain. Sui smart contracts handle the cryptographic and programmatic rights to enable its use as financial collateral.
“Hashi was built to unlock the productive use of Bitcoin at a scale the industry hasn’t seen before,” Adeniyi Abiodun, Co-Founder and Chief Product Officer of Mysten Labs, the original contributor to Sui. “We believe Bitcoin will become one of the largest sources of collateral in finance as the world moves onchain, and Hashi provides the foundation to make that possible on Sui.”
Built for Institutional Bitcoin Finance
Hashi is a foundational primitive setting a new standard for how builders can create bespoke, Bitcoin-backed financial products with risk parameters and loan terms that are fully verifiable onchain. In just a few weeks’ time, institutions, custodians, wallet providers, and developers can begin freely testing the infrastructure that will support Bitcoin-backed lending, borrowing, and credit origination on Sui.
Expanded Institutional Support
Three new powerhouses join the growing Hashi ecosystem, broadening support for institutional liquidity providers, market makers, and digital asset platforms:
Cumberland: One of the digital asset industry’s largest institutional market makers, Cumberland joins the Hashi ecosystem to evaluate the protocol’s structural frameworks and prepare for eventual onchain liquidity provisioning. SwissBorg: A European wealth management app with over one million users, is exploring opportunities to connect its network of European high-net-worth Bitcoin holders and liquidity providers to Hashi, creating new pathways for Bitcoin-backed borrowing and lending. Fluid: A major DeFi lending protocol with a strong record of efficient, safe trades, is now building in preparation for mainnet institutional services. Fluid’s participation would provide institutional-grade lending markets and deepen access to Bitcoin-backed credit on Sui. These new builders join an industry-leading group of infrastructure providers, custodians, and DeFi protocols already working together to build a native Bitcoin financial ecosystem on Sui.
“Bitcoin is the world’s most liquid digital asset, but without native utility, it remains an off-chain asset,” said Paul Kremsky, Global Head of Business Development at Cumberland. “Hashi is exciting because it introduces a transparent, institutional-grade framework for BTC-backed credit that will replace synthetic workarounds with a product we are excited to use ourselves.”
“Our community has consistently sought native ways to lend and borrow against their Bitcoin,” said Cyrus Fazel, Founder & CEO at SwissBorg. “We’re thrilled to see Hashi delivering innovative solutions that make this a reality.”
“The next phase of the industry’s growth will come from bringing larger pools of capital onchain through infrastructure institutions can actually trust,” said Samyak Jain, Co-Founder & CEO at Fluid. “Hashi gets this right: Bitcoin stays on its native chain while verifiable contracts make it productive as collateral. Fluid’s lending infrastructure is built to turn that into deep, capital-efficient Bitcoin-backed credit markets on Sui.”
These additions expand the growing consensus of many partners announced earlier this year that Sui is where Bitcoin finance will take flight, thanks to Hashi:
Custody & Wallet Access
BitGo: Institutional custody clients. Blockdaemon, Cobo, Fordefi (by Paxos): Institutional wallet and infrastructure providers. Cubist: Cross-chain collateral infrastructure and transfer engine. Ledger: Retail/institutional self-custody. SwissBorg: UHNW European retail/institutional asset management and wallet interface. Lending, Trading & Liquidity Providers
Bullish: Institutional digital asset platform supplying liquidity. Cumberland: Leading institutional crypto market maker and liquidity provider. Erebor: OCC-chartered bank providing liquidity. FalconX: Institutional prime brokerage supplying liquidity. DeFi & Lending Applications
AlphaLend, Bluefin, Current, Scallop, Suilend: Native DeFi protocols enabling retail lending and borrowing on day one. Fluid: Connecting lending, borrowing, liquidity and more financial products into a capital-efficient system. Navi: One of Sui’s largest and longest running DeFi protocols slated for Hashi lending. Vaults & Asset Management
Concrete by Blueprint Finance: Yield-infrastructure vault platform. Inveniam Capital: Real-World Asset (RWA) yield strategies. Wave Digital Assets LLC: SEC-registered investment adviser working with industry partners to facilitate the issuance of Bitcoin-collateralized bonds. Index Oracle, Insurance & Security Auditing
CF Benchmarks: Crypto index provider distributing pricing data via oracles. Soter Insure: Native, Bitcoin-denominated institutional insurance. Asymptotic, Certora, OtterSec: Smart contract security and formal verification auditors. The activation of the global testnet this July represents the ultimate rehearsal for fully changing Bitcoin Finance. This sandbox environment is designed for institutional engineers, Sui protocols and developers, and custody partners to test integration parameters, stress-test the code under simulated market volatility, and verify cryptographic integrity ahead of mainnet release.
Technical documentation and testnet access configurations will be hosted at https://www.sui.io/hashi.
About Sui
Sui, where money moves as freely as messages, is a next-generation Layer 1 blockchain built for scalable finance and global payments. Founded by the core team behind Meta’s stablecoin initiative and powered by an object-centric model, Sui makes assets, permissions, and user data programmable and ownable. Sui’s primitives offer builders everything they need to create high-performance payments and financial applications, including instant agentic payments. Users can learn more at sui.io.
NULS spustil mainnet v2.20.0 s podporou BTC a ETH pro poplatky za gas a s vylepšeným cross-chain zpracováním. Aktualizace je povinná pro všechny provozovatele uzlů.
The team at NULS, a blockchain having a modular-based architecture for cross-chain interactions, has announced the launch of a new mainnet version. The NULS Mainnet v2.20.0 offers substantial enhancements targeted at increasing the NULS ecosystem’s functionality and efficiency, especially in the case of transaction processing and on-chain capabilities. The platform took to its official social media account to announce this development.
NULS Announces Its Mainnet Update with the v2.20.0 Version, Offering Support for $BTC and $ETH According to NULS, a noteworthy feature of the latest update deals with support for $BTC and $ETH assets for gas fees. The respective assets are bridged from local Ethereum and Bitcoin networks via the NULS Parachain NerveNetwork. This makes it significantly convenient for clients to transfer within the ecosystem of NULS. In this respect, they can use well-known crypto assets.
This inclusion will potentially improve the consumer experience with the provision of additional flexibility concerning transfer fee payments. Apart from that, the update takes into account optimizations regarding the cross-chain processing. They focus on minimizing the server pressure along with enhancing the network performance in general. This is specifically crucial while cross-chain interactions operate as a chief feature within the NULS platform.
The Node Owners Need to Update the Nodes to the Latest Version These interactions enable smooth interoperability between diverse blockchain networks. Additionally, NULS v2.20.0 update takes into account diverse stability issues and bugs, guaranteeing a more secure and dependable network for consumers. As the update is mandatory, node owners need to update each of the nodes, taking into account consensus and regular nodes.
AUTHOR
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.
Goldfinch zaznamenal třetí default: Lend East má splatit jen asi 4,25 milionu USD z půjčky ve výši 10,2 milionu USD. Celkové ztráty protokolu se blíží 18 milionům USD.
Undercollateralised crypto lending platform Goldfinch just suffered its third default.Those burnt by the loss are calling on Goldfinch to reimburse users with funds from the protocol’s $107 million treasury.Critics say the repeated defaults highlight the difficulty of underwriting emerging-market loans.Lenders using decentralised finance protocol Goldfinch are facing a big hit after another large borrower defaulted on its debts.
Borrower Lend East previously took out $10.2 million worth of loans backed by Goldfinch users.
In an April 1 update, Warbler Labs, the company behind the Goldfinch protocol, announced Lend East would be able to repay only around $4.25 million of the loan, and said it expected Lend East to default on the remaining $5.9 million when the loan matured on April 3.
“Warbler Labs is engaging external counsel to explore all rights and remedies that are available to the community to maximise recovery,” the company said.
The situation with Lend East marks the third default users of the Goldfinch protocol have suffered since it started operating in January 2021.
Critics say the repeated defaults highlight the difficulty of underwriting emerging-market loans and expose serious problems with the Goldfinch protocol’s model.
Goldfinch users say that the Lend East loan’s initial credit assessment was “poorly executed” and that both Goldfinch and Lend East failed to provide backers updates on the loan over the past year.
‘The lowest quality borrowers’The Goldfinch protocol lets its users underwrite undercollateralised loans to companies across the globe, many of which operate in emerging markets.
In traditional finance, such loans are risky and therefore yield high returns. In DeFi, where double-digit annual returns are common, Goldfinch fits right in.
“Underwriting emerging-market loans has always been difficult and putting them on crypto rails doesn’t change that fact,” Tze Donn Ng, an investment associate at Tioga Capital Partners, told DL News.
Ng said that weak regulations in emerging markets, generally low creditworthiness, and adverse selection all contribute to the difficulty. “Only the lowest quality borrowers will go to you, otherwise they would borrow from banks or credit funds,” he said.
Instead of conducting credit assessments for loans itself, Goldfinch relies on a decentralised group of auditors to approve borrowers for the protocol to consider. Those who backed the Lend East loan have accused the auditors of doing a poor job on the loan’s initial credit assessment.
“Initial Goldfinch credit assessment has been poorly executed — or assessor poorly selected — as we end up with multiple default on multiple loans,” a user posting under the name felix2545 said in the Goldfinch Discord — a messaging app.
DL News asked Warbler Labs CEO Mike Sall and chief technology officer Blake West for comment. West directed DL News to Goldfinch’s April 1 announcement and didn’t comment further.
‘A model problem’Goldfinch’s business model is not a new one.
Banks and credit funds have long lent money in emerging markets, but calculating the risks of underwriting such loans is much more complex than lending in developed countries, such as the US.
“DeFi adds efficiency to structuring, capital formation, and deployment, but none of that matters if you don’t have strong underwriting and recourse,” Ryan Rodenbaugh, founder of crypto research and development company Wallfacer Labs, told DL News.
Despite Goldfinch’s best efforts, relying on third parties to source borrowers and assess risk may just be too difficult to make work.
“It’s a model problem,” Ashish Anand, founder of asset tokenisation platform Bru Finance, told DL News. “Not only Goldfinch, but anything that is structured as a credit fund where they rely upon third parties to do sourcing.”
Despite the defaults, Goldfinch has also facilitated 13 loans that were fully repaid. Another eight are listed on the Goldfinch website as “on time.”
A substantial hitThe latest default represents 7.7% of the amount of all active loans outstanding on Goldfinch. Those burnt by the loss are now calling on Goldfinch to reimburse users with funds from the protocol’s $107 million treasury.
Combined with Goldfinch’s previous defaults of a $5 million loan to Kenyan company Tugende, and $7 million from US-based credit fund Stratos, the protocol’s total losses sit at almost $18 million.
In the case of Stratos, Warbler Labs took on the full risk and responsibility of recovery, and backstopped losses for Goldfinch users. The Goldfinch DAO also voted to allocate $1 million in USDC from its treasury to cover losses from the Tugende loan.
DL News asked Warbler Labs’ West if the firm is considering backstopping the losses from Lend East’s loans. He didn’t immediately respond.
Another one of Goldfinch’s loans is also looking precarious. Almavest, a company that lends money to ESG-focused companies in India, Egypt, Indonesia, Colombia, Spain, Philippines, and other markets, is currently late in repaying a $2.1 million loan.
Whether Goldfinch will be able to bounce back from its recent default remains to be seen.
“To solve the existing issues, they will need to go through the regulatory route and restructure debt,” Tioga Capital’s Ng said. “Though this does not fix the long-term problem of poor underwriting.”
Tim Craig is DL News’ Edinburgh-based DeFi Correspondent. Reach out to him with tips at [email protected].
Goldfinch Finance se po masivním nesplácení dlužníků formálně ukončuje a přechází do maintenance mode. GIP-87 počítá s návratností pro vkladatele za dva a více let.
Warbler Labs posted an official governance proposal on June 12 to wind down Goldfinch Prime and move the protocol to maintenance mode. A Snapshot vote is passing 100% in favor. Depositors face a two-or-more-year recovery horizon as GFI trades 99.8% below its January 2022 all-time high.
Goldfinch Finance, the a16z- and Coinbase Ventures-backed DeFi lending protocol, is formally winding down after a governance proposal posted by its core developer confirmed the protocol cannot recover from widespread borrower defaults that have stranded depositors for nearly three years.
Warbler Labs, Goldfinch's core development team, posted GIP-87 on June 12 formally proposing to "begin an orderly wind-down of Goldfinch Prime and to move Goldfinch into 'maintenance mode' solely focused on supporting the collection of remaining legacy borrower payments."
The proposal was authored by Mike Sall and Blake West of Warbler Labs. A Snapshot governance vote opened June 20 and is currently passing with 1,052,820 GFI cast, 100% YES, against a quorum requirement of 250,000 GFI. The vote closes June 23.
Blake West, co-founder of Warbler Labs, the development firm behind Goldfinch, said the protocol spent six years testing approaches to onchain private credit without finding durable demand. Its most recent product, Goldfinch Prime, drew a tepid response despite launching across three chains, partnerships with Plume and R2, and a marketing push, he said. West said there was no clear path to traction short of a major pivot the protocol could not fund on its remaining runway.
He said the team opted to wind down in a way that preserved enough resources to keep operations running for years while remaining borrowers repay, and pointed to a new trust set up to maximize what the community can recover. West also rejected accusations of fraud, saying Warbler spent $7 million of its own money to repay lenders, returned more than $1 million in revenue toward repayments, and sold more than $2 million in GFI from the treasury for the same purpose. He said he personally lost money in Goldfinch's earlier V1 deals.
"There is no "good time" to shut down. It's been 6 years since we started Goldfinch. We tried a lot of things. It's pretty clear that normal crypto investors don't really want private credit,” West said in a June 14 Discord post. "And please, can we stop with the accusations of scam or fraud? It's just nonsense.”
Depositor ClaimsThe wind-down was first surfaced publicly a week after the governance post, when a depositor posted Friday on X reporting more than $50 million in outstanding loans across eight borrowers, two in default and six in restructuring. GIP-87 confirms that many borrower pools "experienced serious performance issues" and places total original loans at approximately $100 million; the depositor's $50 million figure likely reflects his portion of the book.
The depositor said he deposited in September 2021, added capital twice in 2022, requested a withdrawal in August 2023, and has recovered only 30% of his principal, estimating an additional 10% may return over the next one to two years.
The onchain picture confirms the withdrawal freeze. DefiLlama shows Goldfinch holds $56.15 million in outstanding borrowed capital against $1.63 million in total value locked on Ethereum, leaving nearly all deposited capital tied up in loans. GFI, the protocol's governance token, traded at $0.0663 Sunday, down 99.80% from its all-time high of $32.94 reached in January 2022, per CoinGecko. The token's market cap stands at $6.18 million, down roughly 52% over the past 30 days.
The Official Wind-Down PlanGIP-87 lays out a detailed wind-down structure. Warbler Labs will immediately stop new protocol development, new growth initiatives, and marketing campaigns. A new U.S. trust entity will be established with Ted Gavin, the current Chief Restructuring Officer, as trustee to continue recovery-related work. Warbler Labs will receive $150,000 For wind-down services: $100,000 from the DAO treasury and $50,000 repurposed from the existing operational budget.
The legacy Goldfinch app will remain available for at least six months after the final expected borrower payment so depositors can collect repayments. GIP-87 sets the recovery horizon at "two or more years."
The forum drew angry depositor comments in the days after posting, with commenters calling the proposal "outrageous" and the outcome "utter incompetence." Goldfinch Prime, the newer iteration of the protocol, "has not achieved the level of adoption needed to justify continued investment," according to GIP-87.
Goldfinch launched in 2021 as a decentralized credit protocol channeling crypto capital into real-world loans in emerging markets. Andreessen Horowitz and Coinbase Ventures backed the project on a pitch of 10% APY yields backed by actual economic activity. The model routed USDC through "backers" and "senior pools" into loans made by off-chain credit firms in Nigeria, Kenya, and Southeast Asia, with collateral held off-chain in each borrower's jurisdiction.
The Model's WeaknessRamneek Ahluwalia, a former Cross River Bank employee who analyzed emerging-market lending, said Saturday on X that the protocol was "making loans against motorcycle collateral in countries with low governance and no credit bureaus." He said the team had "impressive resumes but no actual lending experience." His broader point: technology cannot replace core credit underwriting standards around capacity, collateral, and character.
Ahluwalia had flagged the same structural concern as early as 2023. In an October 2023 post, he wrote: "Goldfinch takes the worst of FinTech lending and puts it on chain. Just b/c something is on chain doesn't make the underlying activity (lending) less risky."
The collateral problem is acute in markets where physical recovery of assets is difficult. "Imagine making a loan against collateral where the borrower can literally flee," Ahluwalia wrote Saturday.
Broader PatternThe Goldfinch collapse follows the broader wave of RWA lending protocols that raised capital in 2021 and 2022 on the thesis that DeFi could intermediate real-world credit at scale. The model required trusting off-chain borrowers in jurisdictions where legal recovery of collateral is slow or impractical. Radiant Capital, a cross-chain lender that once held more than $300 million in deposits, wound down to a $2.21 million husk in June 2026, though in that case the cause was a $50 million hack linked to North Korea rather than loan performance.
Centrifuge, one of the largest onchain real-world asset platforms by TVL, hit the same wall in 2023, when roughly $5.8 million of loans across two pools went overdue — most of it in a pool financing consumer microloans in France, which ultimately unwound and ended in litigation.
With the GIP-87 Snapshot vote set to close June 23, the formal end of the protocol is now a governance formality.
On Thursday, September 12, crypto exchange Binance announced that it would be supporting the hard fork and network upgrade for privacy-focused digital cash project Firo. The announcement has led to major buzz in the crypto community with the FIRO price surging by 3% in the past hour.
Binance Jacks Up FIRO Triggering Optimism According to an official announcement by Binance dated September 12, the crypto exchange will start preparations for supporting the privacy-focused platform’s hard fork and network upgrade shortly ahead. Aligning with this mover, the exchange will halt deposits and withdrawals for the FIRO token starting September 16 at 04:00 UTC. This decision comes as an approach to ensure the best user experience, the crypto exchange clarified.
The hard fork and network upgrade is set to occur at the block height 958,655, or roughly on September 16 at 05:00 UTC. Moreover, as per the coin’s community, the upgrade Firo v0.14.14.0 will mandate tokenomics changes, as voted by the community.
Following the upgrade, the new block reward distribution will be 70% Masternodes, 5% Miners, 15% Development Fund, and 10% Community Fund. Firo’s official announcement offers a detailed view of all the changes.
With Binance’s extension of support to the project’s upcoming advancements, crypto market participants speculate over its price action ahead.
Token Price Jumps 3% Today Meanwhile, FIRO price gained nearly 3% in the past 24 hours and is currently trading at $1.12. The coin’s intraday low and high were recorded as $1.07 and $1.14, respectively. Today’s pumping price movements fall in line with the broader market trend and Binance’s support for the project’s upcoming upgrades. Moreover, the coin’s 24-hour trading volume surged slightly by 7%.
Notably, the crypto exchange behemoth’s expansion of offerings for cryptocurrencies has previously sparked an upward movement in prices. For context, AERGO price soared with Binance‘s enhanced offerings recently, CoinGape Media reported.
Altogether, crypto market enthusiasts speculate whether the looming developments could ignite a rally in the privacy-focused digital cash protocol ahead.
Soud zrušil odsouzení Avrahama Eisenberga v kauze Mango Markets a uvedl, že jen využil chybu v návrhu DeFi protokolu. Podle soudce Mango nemělo podmínky, které by jeho chování zakazovaly.
A judge said prosecutors didn't prove Eisenberg defrauded Mango Markets in 2022.A jury convicted him on fraud and manipulation charges last year.Prosecutors said he manipulated Mango's token price to borrow $110m that he didn't intend to repay.A version of this article appeared in our The Decentralised newsletter on May 27. Sign up here.
The idea that “code is law” just won in a court of law.
Avraham “Avi” Eisenberg, who exploited the Solana-based Mango Markets protocol in 2022, was sentenced last month to over four years in prison for possession of child sexual abuse material.
But Eisenberg was also supposed to be sentenced that day for defrauding Mango Markets.
Prosecutors had sought a combined sentence of up to eight years for the child sexual abuse material and the fraud charges.
He had pleaded guilty to the former, and fought the latter in a 2024 trial.
A jury found Eisenberg, 29, guilty of fraud.
But he requested a new trial, arguing the government failed to prove that he had ever committed a crime in the Southern District of New York, where he was tried.
The government had also failed to prove MNGO tokens were commodities; that Eisenberg manipulated the price of MNGO perpetuals; that he defrauded Mango Markets; and that he had used an interstate wire, his attorneys said.
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At his sentencing hearing, Judge Arun Subramanian said there was a “non-zero chance” he would grant Eisenberg’s request.
On May 23, it was granted.
The judge has vacated Eisenberg’s convictions on commodities fraud and commodities manipulation charges, and acquitted Eisenberg of his wire fraud charge.
Indeed, the government had failed to prove Eisenberg ever committed a crime in the Southern District of New York, the judge wrote in a 35-page order last week.
More interestingly, however, the judge also said Eisenberg couldn’t have defrauded Mango, a self-executing DeFi protocol, because he had merely taken advantage of a flaw in its design, and the service lacked any terms that forbade his behaviour.
Eisenberg exploited a flaw in Mango Markets’ design by trading with himself to inflate the value of the protocol’s token, MNGO.
Prosecutors say he was then able to use MNGO perpetuals as collateral to borrow crypto worth about $110 million from the protocol’s users with “no intention of repaying them.”
“There was no evidence at trial that Mango Markets required any user to promise that they would repay funds as a condition of borrowing against their assets, so this isn’t a case where ‘a contractual promise was made,’” the judge wrote.
Moreover, “there was no evidence that the ‘borrow’ function on Mango Markets entailed an obligation to repay—or any other obligation for that matter—even if that’s how the term is conventionally understood.”
The judge continued:
“In other contexts, a contractual agreement to ‘borrow’ might give rise to a claim of fraud if an individual intentionally misrepresents or omits something relevant to the terms of the agreement or the parties’ negotiations.”
Here, however, “there were no terms and no negotiations. There was just the word ‘borrow.’ That word could have been ‘access collateral,’ ‘utilize assets,’ or anything else for that matter.”
The government argues that by hitting the ‘borrow’ button, Eisenberg essentially “created the false impression that his collateral was valuable.”
That doesn’t check out, according to the judge.
“As Eisenberg points out, the platform automatically measured the actual value of his collateral, so he didn’t represent anything untrue.”
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This week in DeFi governancePROPOSAL: Sky DAO considers SPK token
VOTE: Lido DAO votes to implement new ‘dual governance’ framework
VOTE: Arbitrum DAO votes to lower quorum requirement
Post of the weekPining for the good old days when hacks were a dime a dozen.
Mango Network spouští airdrop 5 % z celkové nabídky $MGO pro rané uživatele, účastníky testnetu a přispěvatele komunity. Uplatnění nároku začne 24. června v 17:50 UTC a tokeny budou při distribuci plně odemčené.
Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.
Has Also Written
Last updated:
June 20, 2025
Mango Network, a rising Layer 1 blockchain project, on Friday announced a community airdrop ahead of its Token Generation Event. The team will distribute 5% of its total $MGO supply to early users, testnet participants, and community contributors.
The eligibility checker is now live, where users can connect their wallets and complete a three-step process to confirm and eventually claim their rewards.
Distribution begins on June 24, with tokens issued in the order of claim.
To begin, users must “bind” their Twitter accounts, which involves linking their Twitter profile to Mango’s platform to verify their identity and activity. They must also follow BeingDEX, Mango’s ecosystem partner.
Mango Network TGE and Airdrop is coming. Check your eligibility for $MGO now!
Thank you for being with us every step of the way. You helped build this, and now it’s time to witness the rewards.
⚠️ Note: Claiming will open after TGE. Please be aware of scams.
— Mango Network (@MangoOS_Network) June 20, 2025 Airdrop Claiming Starts June 24, With Eligibility Based On Weighted PointsAfter linking their profile, users can proceed to verify their airdrop share. A countdown timer on the site marks the time left to confirm eligibility.
Then, users can view and confirm their airdrop share. Once confirmed, the final step will allow users to claim their rewards when the claim window opens at 17:50 UTC on June 24.
Unlike typical airdrops based solely on point totals, Mango uses a weighted system. Token allocation will reflect not just the number of points a user has, but also the quality of their testnet participation and any community roles they held, such as OG status.
All Tokens To Be Unlocked At Claim, With Caution Urged Against FraudAll tokens will be fully unlocked at the time of distribution. However, the team has urged users to remain cautious of scams. They said that only official Mango channels should be trusted for claiming instructions.
Meanwhile, Mango Network has positioned itself as a next-generation blockchain. It aims to solve two of Web3’s toughest problems — fragmented liquidity and poor user experience. To do this, the project uses a multi-VM, full-chain infrastructure. This design promises a smoother experience for both developers and users.
Now, with the airdrop underway, Mango is rewarding those who helped build its foundation. At the same time, it offers a glimpse into what the future of its ecosystem could look like.
Mango Network zveřejnila tokenomiku pro MGO: celková nabídka bude 10 miliard a 10 % připadne na airdropy, tedy 1 miliarda MGO. Token se má postupně odemykat déle než sedm let.
Mango Network is gearing up to launch its token generation event with a total supply of 10 billion MGO. The token launch will begin with a two airdrop events with a 10% token allocation.
In an official post, the layer1 blockchain with multi-virtual machine support recently unveiled the tokenomics for its upcoming native token launch. Although the notice did not mention the exact date for the MGO token generation event, it has already scored listings on major crypto exchanges like Bitget, MEXC and KuCoin for June 24, 2024 09:00 AM UTC.
“As MangoOS_Network approaches its Token Generation Event (TGE), we’re thrilled to reveal the Mango Tokenomics!” wrote the network in its post.
According to the announcement, the network has prepared total token supply of 10 billion MGO. Around 10% of the tokens, essentially 1 billion MGO, will go to early supporters through airdrops. Around 5% of the tokens will be distributed via the testnet airdrop and 5% will be allocated for the mainnet airdrop.
“Half of the rewards are designated for the Testnet participants and active community contributors, while the other half is reserved for the future Mainnet Airdrop,” wrote the network.
One of the largest shares of the token supply will be allocated to maintaining the liquidity of the Proof-of-Stake staking pool, specifically 20% of the token supply. This is meant to incentivize validators and stakers to “ensure security and decentralization.”
Another 20% will go to the Mango Network Foundation, while 17% will be allocated to the Ecosystem Innovation Fund, which is aimed at rolling out tokens to support developers and ecosystem growth overtime. In addition, 15% of the token supply will be allocated to the Mango Network team and early contributors. Another 15% will go to investors.
Finally, Mango Network claimed that 3% of its token supply will go to advisors of the project.
All token allocations, including tokens received through the mainnet and testnet airdrops, will be subjected to an unlocking framework that spans more than seven years. This means that the token allocation will gradually unlock in trickles of 12 million tokens per year until it reaches completion after seven years.
Mango Network, nová Layer 1 od MangoNet Labs, tvrdí, že zvládne 297 450 transakcí za sekundu a finálnost za 380 ms. Projekt má 10miliardovou nabídku $MGO s okamžitým plným odemknutím.
The blockchain industry continues to grapple with fundamental scalability and interoperability challenges that have persisted since Ethereum's early days. High transaction fees, slow confirmation times, and isolated ecosystems create barriers preventing mainstream adoption of decentralized applications. Mango Network, a new Layer 1 blockchain built by MangoNet Labs, claims to solve these problems through an ambitious technical architecture that combines multiple virtual machines, cross-chain functionality, and throughput capabilities that dwarf existing solutions.
With $13.5 million in funding, Mango Network promises to process 297,450 transactions per second with 380-millisecond finality while supporting both Ethereum Virtual Machine (EVM) and Move Virtual Machine (MoveVM) in a unified ecosystem. These bold claims arrive alongside the project's Token Generation Event on June 24, 2025, when $MGO tokens begin trading on Bitget, MEXC, and KuCoin at 09:00 AM UTC.
But technical specifications alone don't guarantee success in the competitive Layer 1 landscape. This analysis examines Mango Network's architecture, tokenomics, and real-world potential to determine whether it represents genuine innovation or another case of blockchain hype exceeding reality.
Technical Architecture: Multi-VM InnovationThe Move Programming Language AdvantageMango Network implements "Mango Move," an enhanced version of the Move programming language originally developed by Facebook for the Diem project. Move was designed specifically for digital assets, treating tokens and NFTs as "first-class citizens" in the programming model.
This resource-oriented approach provides several critical advantages:
Ownership Safety: Digital assets are represented as resources that cannot be copied or implicitly discarded, preventing double-spending attacksStatic Typing: Every variable's type is known at compile time, eliminating entire categories of runtime bugs that have plagued other smart contract platformsFormal Verification: The Move Prover tool mathematically verifies smart contract behavior before deployment, allowing developers to specify contract logic in formal termsModular Design: Smart contracts can be safely upgraded and composed without breaking existing functionalityDual Virtual Machine ImplementationWhile Move provides superior security for financial applications, Mango Network recognizes that most existing DeFi protocols and tools are built for the Ethereum Virtual Machine. Rather than forcing developers to choose between security and compatibility, Mango implements both EVM and MoveVM within the same blockchain.
This dual-VM approach works through parallel execution, allowing EVM-based applications to operate alongside Move-based contracts without interference. Each VM maintains its own state space while sharing the underlying blockchain infrastructure. Mango's OP-Mango Layer 2 solution facilitates communication between EVM and MoveVM environments through standardized event capture and data serialization protocols.
The platform implements sophisticated resource allocation to prevent one VM from monopolizing network capacity. Transaction fees and execution limits are balanced across both environments to maintain fair access, while both virtual machines access a shared data availability layer to ensure state changes in one environment are visible to the other when needed.
Modular ArchitectureTraditional blockchains bundle multiple functions into single systems that become difficult to optimize. Mango separates four core functions: execution handles smart contract computation, consensus manages validator coordination through DPoS, settlement provides final transaction confirmation, and data availability stores transaction information across the network.
This separation allows each component to optimize independently while maintaining system integrity. The claimed 297,450 TPS throughput depends on this modular design, though real-world performance often differs from theoretical maximums.
Mango’s chain infrastructure (official website)Cross-Chain Infrastructure and Zero-Knowledge IntegrationCross-Chain Infrastructure and Privacy FeaturesOP-Mango powers cross-chain functionality by processing transactions off-chain in batches before submitting results to networks like Ethereum. The system uses $MGO tokens as gas for cross-chain operations, includes fraud proof mechanisms, and enables asset transfers between different blockchains while maintaining security through cryptographic verification.
Privacy and Storage FeaturesThe platform incorporates ZK-SNARK and ZK-STARK technologies for privacy-preserving transactions and cross-chain transfers. Users can trade anonymously or move assets between chains without revealing transaction details. The platform also uses decentralized storage with data backups and economic incentives for storage providers who earn $MGO tokens for maintaining data availability.
MgoDNS represents the platform's decentralized domain name system that bridges traditional internet and blockchain environments. The system can resolve standard internet domain names while adding blockchain-specific features. For example, a single domain name like "alice.mgo" could resolve to wallet addresses on multiple different blockchains. Smart contracts can also automatically update these domain resolutions based on programmed conditions.
Tokenomics Deep DiveDistribution Strategy and Economic ModelThe $MGO token's 10 billion total supply with immediate full unlock represents a significant departure from typical token release schedules. This strategy reflects specific theories about token velocity and network adoption but creates substantial economic risks.
The comprehensive distribution allocates tokens across eight categories. The Foundation receives 20% (2 billion tokens) for long-term development and operations, while the POS Stake Pool gets an equal 20% for network security and validator rewards. The Ecosystem Innovation Fund holds 17% (1.7 billion tokens) for dApp development and partnerships, indicating serious commitment to ecosystem growth.
Private investors receive 15% (1.5 billion tokens) from the $13.5 million funding round, which means these tokens face immediate unlock and potential selling pressure. The team and early contributors also get 15%, which raises questions about long-term alignment incentives given the lack of vesting schedules.
Community airdrops represent 10% of the total supply, split equally between testnet (500 million tokens) and mainnet (500 million tokens) participants. Claims open at 17:50 UTC on June 24, 2025, on a first-come, first-served basis.
Advisors receive the smallest allocation at 3% (300 million tokens), suggesting they provide primarily strategic rather than operational value.
Token Utility and Value DriversThe $MGO token serves multiple functions that should create various sources of demand:
Transaction Fees: All network operations require $MGO for gas, creating baseline demand that scales with network usageCross-Chain Operations: OP-Mango uses $MGO as universal gas for cross-chain transactions, potentially driving significant demand as interoperability growsNetwork Security: Validators must stake $MGO to participate in consensus, removing tokens from circulation while earning staking rewardsGovernance Rights: Token holders vote on protocol changes and parameter updates, giving $MGO value beyond pure utilityEcosystem Integration: Various protocols within Mango may incorporate $MGO into their own tokenomics, creating additional demand sourcesHowever, the immediate unlock strategy creates several economic risks. Ten billion tokens entering circulation simultaneously could overwhelm demand, particularly if early participants rush to realize profits. The large ecosystem fund allocation assumes rapid adoption and development activity, but if ecosystem growth lags expectations, these tokens could become a prolonged source of selling pressure.
Competitive Analysis and Market PositioningLayer 1 Competition LandscapeMango Network enters a crowded Layer 1 market where established players maintain significant advantages through developer adoption, total value locked, and ecosystem maturity. Ethereum retains the largest developer ecosystem despite high fees and scaling challenges, while Solana offers high throughput with a proven track record, though it has faced network stability issues.
Move-based competitors Aptos and Sui both use variations of the Move programming language with different approaches. Mango's dual-VM approach differentiates it from these competitors but also adds complexity.
The platform's claimed 297,450 TPS represents a significant improvement over most existing networks, but these theoretical maximums require validation under real-world conditions. Mango's omni-chain vision competes with established interoperability solutions like Cosmos and Polkadot, which offer cross-chain functionality through different technical approaches. Success will depend on whether Mango's integrated approach provides meaningful advantages over existing solutions and whether developers find the multi-VM architecture compelling enough to overcome the momentum of established platforms.
Security Audit and Development TeamProfessional Security ReviewMango Network underwent comprehensive security audits by MoveBit, a recognized blockchain security firm. The project completed two separate audits: a core network audit (April 7-19, 2024) and a dedicated bridge audit (December 9, 2024 - January 6, 2025), demonstrating thorough security coverage across all critical components.
The core network audit employed multiple testing methodologies including dependency checks, static code analysis, fuzz testing, and manual code review. Results were notably positive, with only two issues identified - zero critical vulnerabilities, one major issue, and one informational finding. Both issues were resolved before mainnet launch.
The bridge audit was more comprehensive, identifying seven issues across different severity levels, including one critical vulnerability related to signature replay attacks. However, all seven issues were successfully fixed before deployment. The bridge audit covered cross-chain functionality between Sui, Ethereum, and Mango chains, ensuring secure asset transfers across the platform's multi-chain architecture.
MoveBit's reviews covered execution layers, consensus mechanisms, cross-chain infrastructure, and external dependencies, providing confidence in the platform's security foundation across both core functionality and critical bridge operations.
Development Team and LeadershipThe project maintains transparency through visible leadership, including CEO Benjamin Kittle and CTO David Brouwer. Brouwer brings relevant technical expertise in Move programming and high-performance systems development. The team's commitment to open-source development is evident through their active GitHub repository with multiple branches and version tags, indicating ongoing development activity.
The development process emphasizes academic research and formal verification tools, with Move Prover being actively maintained as an open-source component. This approach aligns with the technical rigor required for the platform's ambitious multi-VM architecture.
Ecosystem Applications and Adoption StrategyDeFi and Cross-Chain Use CasesTraditional DeFi operates in a multi-chain environment where protocols deploy separate instances on different blockchains, creating liquidity silos and forcing users to manage assets across multiple environments. Mango Network's omni-chain approach promises unified liquidity pools that can access assets from multiple blockchains simultaneously.
For example, a lending protocol on Mango could theoretically accept Bitcoin collateral, Ethereum-based tokens, and Solana assets within the same pool, dramatically expanding available liquidity. However, this vision requires solving challenges around asset price synchronization, bridge security, and regulatory complexity across multiple jurisdictions.
The platform's high throughput and low fees also make it suitable for gaming applications that require frequent microtransactions. Dynamic NFTs that change properties based on player actions or cross-game interactions become feasible, potentially creating shared gaming economies where assets move between different games.
Enterprise Integration PotentialMgoDNS represents the platform's decentralized domain name system that bridges traditional internet and blockchain environments. The system can resolve standard internet domain names while adding blockchain-specific features. For example, a single domain name like "alice.mgo" could resolve to wallet addresses on multiple different blockchains. Smart contracts can also automatically update these domain resolutions based on programmed conditions.
Companies could potentially manage tokenized assets through familiar web interfaces backed by blockchain security, or integrate blockchain tracking into existing supply chain systems without complete infrastructure overhauls. However, enterprise adoption typically requires proven security track records and regulatory clarity that new platforms lack.
The success of these applications depends on more than technical capability. User experience factors, regulatory compliance, and integration with existing business processes often determine adoption rates more than underlying technical performance.
Investment Analysis and Risk AssessmentBull Case for Mango NetworkThe platform addresses real problems in current blockchain infrastructure through technical innovation that, if executed successfully, could provide sustainable competitive advantages. Growing demand for cross-chain functionality creates market opportunities for platforms that deliver seamless omni-chain experiences.
Positive Development IndicatorsThe platform demonstrates several encouraging signals for potential success. The MoveBit security audits, with minimal findings, suggest solid code quality and development practices. The $13.5 million funding provides adequate resources for ecosystem development, while the substantial ecosystem fund allocation indicates a serious commitment to attracting developers and applications.
Active GitHub development with multiple branches and regular commits shows ongoing technical progress. The team's emphasis on formal verification through Move Prover and academic research references suggests a rigorous approach to blockchain development that could appeal to institutional users and serious DeFi protocols.
The blockchain infrastructure market continues to grow rapidly, with room for multiple successful Layer 1 platforms serving different use cases and user segments. If Mango can prove its technical claims and attract quality developers, it could capture significant market share in the cross-chain and high-performance blockchain segments.
Risk Factors and ConcernsThe technical complexity of supporting multiple VMs and seamless cross-chain functionality creates significant execution risk. Many blockchain projects fail to deliver on ambitious technical promises, and Mango's scope increases both potential impact and failure risk.
Established Layer 1 platforms have network effects, developer mindshare, and institutional relationships that will be difficult to overcome regardless of technical superiority. The immediate unlock of all tokens creates significant downside risk and suggests either overconfidence in immediate adoption or inexperience with token economic best practices.
Cross-chain functionality and privacy features may face regulatory challenges that could limit adoption or require costly compliance modifications. The Layer 1 blockchain market may also be approaching saturation, with limited room for new entrants to achieve meaningful market share and developer adoption.
ConclusionMango Network presents a technically sophisticated approach to Layer 1 blockchain infrastructure through its multi-VM architecture, comprehensive cross-chain functionality, and strong security foundation. The platform's clean audit results from MoveBit, transparent development practices, and substantial funding provide a solid foundation for ecosystem growth.
While the immediate token unlock strategy and competitive market dynamics present challenges, the project's technical innovations address real problems in current blockchain infrastructure. The combination of Move programming language security, EVM compatibility, and omni-chain capabilities could provide meaningful advantages if properly executed and adopted.
The June 24, 2025 token launch will provide important market feedback on investor and user interest. Early performance metrics, developer adoption rates, and the platform's ability to deliver on its high-throughput promises will be key indicators of long-term viability and success in the competitive Layer 1 landscape.
For more information about Mango Network and airdrop eligibility, visit mangonet.io, or for updates, follow @MangoOS_Network on X.
Swarm spustí na mainnetu Plasma devět tokenizovaných akcií, včetně Apple, Microsoft, Strategy, Tesla, Nvidia, BlackRock, Intel, Coupang a Coinbase, obchodovaných proti stablecoinům. Tokeny jsou vydané podle nařízení EU o prospektu a mají právní nárok na podkladové cenné papíry.
Nine tokenized equities, including Apple and MicroStrategy, are set to debut on the stablecoin-focused Plasma blockchain.
Swarm, a regulated decentralized finance platform with a total value locked (TVL) of around $7 million, will launch nine tokenized equities on Plasma when the blockchain’s mainnet launches on Thursday.
Once live, users will be able to trade tokenized shares of Apple (AAPL), Microsoft (MSFT), Strategy (MSTR), Tesla (TSLA), Nvidia (NVDA), BlackRock (BLK), Intel (INTC), Coupang (CPNG), and Coinbase (COIN) against stablecoins.
Swarm said the tokenized equities are issued under the EU Prospectus Regulation, giving holders legal rights to the underlying securities. By pairing tokenized stocks with stablecoins, users can trade assets on-chain and access them 24/7.
The launch reflects the broader growth of tokenized real-world assets (RWAs), which enable investors to access traditional assets, such as stocks or bonds, on blockchain networks. The RWA sector recently surpassed $30 billion in on-chain value, nearly doubling since January 2025.
“Stablecoins are the bridge between digital and traditional finance,” said Timo Lehes, co-founder of Swarm. “Pairing them with tokenized equities like Apple or MicroStrategy stock on Plasma means users can move easily between cash-like assets and regulated securities without leaving the chain.”
Plasma is a Layer 1 (L1) blockchain backed by Tether, Bitfinex, and Framework Ventures. It’s designed for stablecoin transfers and is compatible with the Ethereum Virtual Machine (EVM).
The network is set to launch with more than $2 billion in committed liquidity, according to the project. The project’s token generation event (TGE) for its XPL token is also highly anticipated, with pre-markets implying a $7.5 billion valuation at the time of writing.
Swarm ExpandsAbout a month ago, Swarm partnered with the Hedera Foundation to launch tokenized stocks on Hedera, an L1 blockchain with a TVL of roughly $114 million.
That rollout included a redemption pool that allowed users to cash out of tokenized stocks on-chain immediately, instead of waiting for the typical two-day settlement period, according to Hania Othman, Director of Financial Markets and Sustainability at Hedera.
These developments come as tokenized stocks gain momentum across both decentralized and centralized platforms. Centralized exchanges (CEXs) such as Kraken, Gemini, and Robinhood have all announced tokenized stock offerings for investors outside the U.S. this year.
TRUTH, nativní token agentické AI platformy Swarm Network, bude 1. října uveden na Binance Alpha a o 30 minut později i na Binance Futures. Při spuštění bude mít nabídku 10 miliard tokenů, z toho 2 % bude vyčleněno na airdropy.
TRUTH, the native token of the Agentic AI platform Swarm Network, is set to be listed on Binance Alpha and Binance Futures on Oct. 1.
Summary
TRUTH token will be available for trading on Binance Alpha and Binance Futures on Oct. 1. The total supply of TRUTH tokens will be set at 10 billion at launch, with 2% allocated for community airdrops. Binance Alpha, a spotlight section within the main Binance exchange, will be the first platform to feature the TRUTH token, with trading starting on Oct. 1 at 12:00 p.m. UTC.
Just 30 minutes later, it will be added to Binance Futures, allowing traders to speculate on TRUTH/USDT perpetual contracts with up to 50× leverage.
It should be noted that a listing on Binance Alpha or Binance Futures, or both, does not automatically guarantee a spot listing on the main exchange. However, tokens that perform well on these platforms and generate significant investor demand could potentially secure a spot listing on the main platform.
As part of the listings, Binance also revealed a TRUTH airdrop for eligible users based on the Alpha Points they’ve accumulated by participating in Binance Alpha events and campaigns. The total amount of tokens to be airdropped was not revealed at the time of writing.
According to its published tokenomics, the TGE will establish the total supply of TRUTH at 10 billion tokens, with around 20.85% of the supply expected to circulate at launch, with the rest subject to vesting schedules and lockups.
Out of the total, 2% of the max supply, or 200 million TRUTH tokens, are earmarked for airdrops. In addition, 700 million tokens have been allocated to exchanges and launchpads, and 500 million tokens are reserved for liquidity and market-making.
30% of the total supply is allocated to Agent Licenses, a mechanism that anchors participation in Swarm’s agentic AI ecosystem, while 25% is allocated to community reserves and the DAO treasury.
Other allocations include 10% for the Swarm team, 3% for advisors, and 8% for seed investors, while the rest is reserved for ecosystem incubation, to be unlocked gradually over four years.
What is Swarm Network? Swarm Network is an Agentic AI protocol that coordinates autonomous multi-agent systems to transform off-chain data into verifiable on-chain truth. By combining AI agents, cryptographic proofs, and decentralized collaboration, it provides a trust layer for digital and physical data.
Founded in 2024, the project developed the Truth Protocol, which enables agent swarms to validate information and record reliable outcomes on-chain. Developers can scale these swarms using no-code tools, while Agent Licenses allow participants to operate agents and earn rewards for contributing to the network’s data-validation economy.
Its native token, TRUTH, will power the ecosystem through governance, staking, transaction fees, agent operations, and community incentives.
The project is backed by Sui, Ghaf Capital, Y2Z Ventures, Brinc, and Zerostage, with funding rounds totaling $13 million in 2025 through strategic investment and NFT agent license sales.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Swarm Network spustí $TRUTH 1. října 2025 a token už má v oběhu 10 miliard kusů. Binance Alpha jej ve stejný den zařadí spolu s TRUTH/USDT perpetuálním kontraktem s pákou až 50x.
Due to the fact that 10 billion tokens are already in circulation, the platform is prepared to scale its goal of making truth verification a community effort. Users have the ability to stake $TRUTH in order to support agent clusters for the purpose of data authentication. In the present online landscape, where sensational content often takes precedence over factual reporting, such a paradigm stands in sharp contrast to the existing state of affairs. An announcement was made today by Swarm Network that its native $TRUTH token is scheduled to launch on October 1st, 2025. This will bring about a new approach to the process of verifying and trusting information that is discovered online.
Swarm has been steadily gaining pace with millions of on-chain claim verifications and over 10,000 agent licenses sold throughout its testing phase. The Token Generation Event (TGE) represents a turning point for Swarm, which has been quietly accumulating momentum. Due to the fact that 10 billion tokens are already in circulation, the platform is prepared to scale its goal of making truth verification a community effort rather than keeping it in the hands of a few megacorporations in the technology industry.
This approach differs from other similar crypto ventures in that it divides responsibility among thousands of AI agents and human reviewers who can collaborate to independently verify claims, with each verification being recorded on-chain (creating a transparent trail anyone can check), rather than attempting to replace traditional fact-checkers with another centralized system.
Swarm Network’s Chief Executive Officer, Yannick Myson, has expressed his opinion on the matter:
“We believe truth should be infrastructure open, verifiable, and owned by the people. With $TRUTH going live, we’re not just launching a token, we’re launching a new foundation for information integrity online. Swarm is how we fight misinformation at scale, by aligning incentives, distributing power, and giving everyone the tools to verify for themselves.”
Users have the ability to stake $TRUTH in order to support agent clusters for the purpose of data authentication. The token itself is the source of power for everything that is included inside the Swarm ecosystem. This creates an economy in which getting the facts correct pays off in a tangible way, and in exchange, these agents have the opportunity to receive rewards.
In the present online landscape, where sensational content often takes precedence over factual reporting, such a paradigm stands in sharp contrast to the existing state of affairs.
As a result of all of this, early supporters will not be excluded from the benefits. Agent license holders and users who participated in the rollup testing phase will be able to claim airdrops via platforms such as KuCoin, and those who act promptly will get additional rewards. Additionally, token holders have the ability to engage in governance decisions, take part in verification campaigns such as Rollup Season 3, and offer liquidity when new features are introduced. This is in addition to the original distribution of tokens.
Binance has announced that $TRUTH will make its debut on its Binance Alpha platform on October 1 at 8:00 a.m. Eastern Time (ET). Additionally, the trading of the TRUTH/USDT perpetual contract, which offers leverage of up to 50x, is slated to commence at 8:30 a.m. ET on the same day. This announcement adds impetus to the launch initiative.
Additionally, the team has lofty goals for what is to come in the future. To begin, they are getting ready to launch the ‘Agent BUIDL’ Platform, which will enable anybody to build AI verification modules without the need for any previous knowledge of coding.
A similar concept, known as a “Agent Marketplace,” is now under development. This marketplace will allow these clusters to offer their services to other platforms and protocols. In addition, the well-known Rollup.News service is planning to broaden its scope beyond the confines of its present coverage of technology news to include coverage of politics, finance, and elections.
Lastly, since network safety measures are incorporated into the platform from the beginning, players are required to stake tokens for specific actions. This is done to ensure that the output quality is maintained and to prevent spam from spreading across the ecosystem.
To put it simply, the system gives preference to long-term involvement and meticulous verification over hasty and casual judgments. In summary, in contrast to inflexible blockchain projects that have difficulty adapting to new circumstances, the architecture that Swarm uses is meant to grow and adapt to any future issues without the need for a full new implementation.
The whole tokenomics breakdown can be seen here for those individuals who are interested in the technical particulars and distribution mechanisms of the aforementioned TGE.
The decentralized tools that Swarm Network develops are designed to assist communities in verifying information on a large scale. With the use of artificial intelligence agents, blockchain technology, and the engagement of the community, Swarm transforms the battle against disinformation into a collaborative endeavor in which correctness is rewarded.
