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Ethena Network Activity Surges to Multi-Month Highs Amid DeFi Attention

Ethena’s Network Activity Surges to All-Time Highs, Signaling Renewed DeFi Interest

Crypto Hack: Layer-1 Protocol Saga Halts EVM Chain After $7M Exploit

Saga Layer-1 in Crisis as TVL Crashes 55% and Token Plunges 25%, Here’s Why

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Layer 1 protocol Saga suffered a security exploit on its SagaEVM chain, draining nearly $7 million and prompting the project to pause the network. At the same time, it finalizes its investigation and remediation efforts, according to a blog post.

According to on-chain analysis, the attacker minted Saga Dollar (D) tokens without collateral, bridged the assets to Ethereum, and converted much of them into over 2,000 ETH valued at more than $6 million, with an additional $800,000 deployed into Uniswap V4 liquidity positions.

Saga halted the SagaEVM chain once it identified the incident on January 21 and has kept the chain stopped “out of an abundance of caution” while it assesses the full scope of the exploit, addresses the vulnerability, and reinforces overall system security.

SagaEVM remains paused while we finalize the results of our investigation into the Jan 21 exploit.

We’re working with partners on remediation and will publish a post-mortem once findings are fully validated. $7M of USDC was bridged out and converted to ETH.

Extracted funds were…

— Saga ⛋ (@Sagaxyz__) January 22, 2026

“We’re working with partners on remediation and will publish a post-mortem once findings are fully validated,” Saga said. 

The team acknowledged that suspending the chain is disruptive for users but emphasized that protecting the community’s funds and the protocol’s integrity takes priority. Saga said it will release a detailed technical post-mortem once remediation steps are finished and its conclusions are fully verified.

Protocol Working To Blacklist The Attacker According to Saga, it has identified the wallet that received the extracted assets.

Saga is coordinating with exchanges and bridge operators to blacklist the attacker’s address in an effort to limit the movement of the stolen funds and support any potential recovery measures. The team is also conducting a forensic analysis using archive data and execution traces to reconstruct the attack path.

Saga said the incident did not affect its broader infrastructure, including the SSC mainnet or core consensus layer, and found no evidence of validator compromise, consensus failure, or leaked signer keys.

The attack comes at a time when there is a prevalence of crypto exploits, with data from Chainalysis saying that losses have been more than $3.41 billion in 2025.

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Fri 23 Jan 2026 ▪ 4 min read ▪ by James G.

Summarize this article with:

Saga, a Layer-1 blockchain protocol, has paused its Ethereum-compatible SagaEVM chainlet after a $7 million exploit triggered unauthorized fund transfers. The attack involved assets being bridged out of the network and swapped into Ether. Although the affected chainlet remains offline, Saga says the broader network continues to operate normally.

In brief Saga paused its SagaEVM chainlet after a $7M exploit involving cross-chain transfers and rapid liquidity withdrawals. The protocol says validators, consensus mechanisms, and core infrastructure were not compromised in the incident. Saga Dollar briefly depegged to $0.75 as total value locked fell from $37M to about $16M in one day. Engineers identified the attacker wallet and are working with exchanges while a full technical post-mortem is prepared. Chainlet Locked Down as Engineers Move to Contain Exploit The protocol confirmed on X that it halted the chainlet at block height 6,593,800 after detecting suspicious activity. Engineers moved quickly to contain the incident and prevent further losses, while an internal investigation was launched. Saga said the exploit did not compromise core network security, validator operations, or consensus mechanisms.

In a follow-up update published on Medium, Saga reported that early findings suggest a coordinated attack. The activity included multiple smart contract deployments, cross-chain interactions, and rapid liquidity withdrawals. Despite the scope of the exploit, the team said no validators were compromised and no private signer keys were exposed. Additional security safeguards have since been implemented.

The incident also affected two ecosystem stablecoins, Colt and Mustang. All operations on the impacted chainlet will remain paused while engineering and security teams conduct a deeper review and prepare a comprehensive technical report. Saga said it has identified the wallet that received the stolen funds and is coordinating with exchanges and bridge operators to restrict further movement.

Saga Dollar Depegs, TVL Slumps After Cross-Chain Exploit Saga Dollar, the protocol’s primary U.S. dollar–pegged stablecoin, briefly lost its peg, dropping to $0.75 late Wednesday, according to data. Liquidity across the network declined sharply, with DeFiLlama estimating that total value locked fell from over $37 million to roughly $16 million within 24 hours.

As part of its immediate response, Saga implemented several measures:

Restricted cross-chain transfers associated with the exploit. Blocked known attack patterns at the protocol level. Added enhanced monitoring rules across chainlets. Initiated forensic reviews with external security firms. Coordinated with exchanges to blacklist attacker wallets. Saga said the chainlet will remain offline until remediation efforts are complete and all residual risks are addressed. Once the investigation concludes and findings are verified, the team plans to publish a detailed public post-mortem.

The root cause of the exploit has not yet been officially confirmed. Independent security researcher Vladimir S. suggested the attacker may have minted unbacked Saga Dollar tokens by abusing inter-blockchain communication via custom contract messages. 

Separately, an on-chain investigator known as Specter raised the possibility of a private key compromise but emphasized that evidence supporting this theory remains limited.

As cross-chain infrastructure continues to be a frequent attack vector, the incident adds to a growing list of smart contract exploits reported in late 2025 and early 2026. Saga said it will continue to share updates as more information becomes available.

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James G.

James Godstime is a crypto journalist and market analyst with over three years of experience in crypto, Web3, and finance. He simplifies complex and technical ideas to engage readers. Outside of work, he enjoys football and tennis, which he follows passionately.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

Rubio: US and Iran to continue technical consultations at the end of this month

Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)

5 hours ago

Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.

According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.

5 hours ago

Bitcoin falls below $60,000

According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.

5 hours ago

US Treasury Secretary: AI boom may boost productivity and help curb inflation.

US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.

5 hours ago

US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.

According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.

5 hours ago

During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.

According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.

5 hours ago

Coinbase CEO Predicts Win-Win-Win Outcome in Market Structure Saga

Cosmos has disclosed a security vulnerability affecting Saga, and a patch has been released.

SAGA: Staking Rewards Return to Saga Mainnet

3 min read

May 28, 2026

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San Francisco, CA — Saga is expanding its AI agent product into competitive gaming through a new partnership with Bonoxs, integrating an AI-powered version of Tío the Bonoxs Wizard into Bonoxs Arena, a tournament platform serving over 100,000 monthly users across titles including Valorant and Garena Free Fire.

Tío will operate as an always-on community manager across Discord, supporting players participating in live tournaments. Designed as a knowledgeable gamer mentor and tournament host, the Wizard reflects Bonoxs’ community-first identity, combining a friendly, gaming-native tone with a sharp understanding of competitive play. The character engages players like a seasoned participant in the ranked grid; answering questions, guiding users through tournaments, and building hype around live competitions, all while maintaining a warm, playful presence across channels.

The integration marks a shift in how AI agents are being deployed within gaming ecosystems. Rather than existing as standalone experiences or marketing tools, agents are beginning to function as operational layers inside active player economies.

“AI agents are evolving from interfaces into participants,” said Rebecca Liao, co-founder and CEO of Saga. “What Bonoxs is building shows how agents can support real-time interaction at scale, becoming embedded in the day-to-day flow of digital communities.”

Bonoxs Arena hosts a growing ecosystem of competitive experiences, where players participate in tournaments across titles such as Valorant and Garena Free Fire. As activity scales, managing player coordination, communication, and support becomes increasingly complex.

“Managing large-scale tournaments means constant communication with players across multiple platforms, often in real time,” said Joaquin Baluga, CEO of Bonoxs. “The Bonoxs Wizard allows us to support our community instantly and consistently, without adding operational overhead, which is critical as we continue to grow.”

By introducing Tío as an AI agent, Bonoxs aims to streamline these interactions while maintaining a consistent and responsive user experience across platforms.

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“This is about enhancing how players engage with competitive environments and bringing more users into those experiences,” said Fernando Vasconez, Head of Gaming Investments and Partnerships at Saga. “Agents can support onboarding, guide players into tournaments, and reduce friction across the entire journey, while enabling platforms like Bonoxs to scale more efficiently.”

Tío represents the first step in a broader strategy to introduce AI agents across Bonoxs’ business. While the initial deployment focuses on platform-level support, future iterations may extend into Bonoxs’ other game experiences, bringing character-driven agents directly into gameplay and player interaction loops.

Saga has been actively working with gaming studios and IP holders to develop AI-powered characters that extend beyond traditional in-game roles. By integrating agents into live environments such as Bonoxs Arena, Saga continues to push toward a model where agents act as persistent, interactive participants across digital ecosystems.

As AI agents become more embedded in gaming infrastructure, platforms like Bonoxs are demonstrating how these systems can move beyond novelty and into core operational roles, supporting the next generation of interactive and scalable player economies.

About Saga

Saga is a hyperscaling platform for AI. Its infrastructure enables AI agents, gaming, and financial rails at massive scale, giving developers and creators the framework to bring frontier-intelligent, interactive worlds to life. In 2025, Saga released its AI Character Agent Network for Gaming & Digital IP Commerce, an ecosystem of applications where NPC-like autonomous agents acquire, engage, and monetize users on behalf of studios, publishers, and global IP owners. Since its launch in early 2024, Saga has processed over 23 million transactions across its network worth $2b+ in the aggregate. Saga is led by a team of multi-exit Silicon Valley founders in AI, blockchain and enterprise software with 15+ years of experience in tech, finance and politics.

About Bonoxs

BONOXS is the leading go-to-market growth engine for game publishers in Latin America. By combining localized payment infrastructure, distribution, and full-stack marketing execution, BONOXS enables publishers to unlock new revenue streams, reach cash-first audiences, and scale engaged gaming communities. Trusted by partners including Riot, Moonton, Gameloft, and Ubisoft, BONOXS connects publishers with millions of paying users through seamless monetization solutions, community-driven growth, and on-the-ground market expertise.

For further information, follow us on Twitter, join our Discord and Telegram, and subscribe to our Medium.

SAGA: Saga Introduces Crystal Beaumont, Its First Influencer Agent, in Partnership with GFAL’s Diamond…

NASHVILLE, Tenn., June 24, 2026 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties, Inc. (NYSE: RHP) (the “Company”), a leading lodging and hospitality real estate investment trust that specializes in group-oriented, upscale convention center resorts and entertainment experiences, today addressed recent media reports regarding the Company’s Opry Entertainment Group (“OEG”) business. 

Colin Reed, Executive Chairman of Ryman Hospitality Properties said, “We are incredibly proud of our OEG business and of our role as stewards of these historic and iconic brands, which are deeply important to the country music community and the markets we serve. We remain focused on bringing artists and audiences together through iconic live entertainment experiences. We have previously shared our view that enabling OEG to operate outside of our REIT structure over time is important for its long-term growth trajectory, and we believe strategic partnerships can further support its growth.

With the rise in global popularity of country music and the increasing demand for live experiences, we have received inbound interest from a range of organizations seeking to partner with our entertainment business. In that context, we have engaged Morgan Stanley & Co. LLC to assist in evaluating potential opportunities. We expect to play an integral role in the continued growth of OEG irrespective of any strategic partnerships being considered.”

The Company has not entered into any agreements, and there are no assurances that any transaction will occur.

About Ryman Hospitality Properties, Inc.

Ryman Hospitality Properties, Inc. (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company’s holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space. The Company also owns JW Marriott Phoenix Desert Ridge Resort & Spa and JW Marriott San Antonio Hill Country Resort & Spa as well as two ancillary hotels adjacent to our Gaylord Hotels properties. The Company’s hotel portfolio is managed by Marriott International and includes a combined total of 12,364 rooms as well as more than 3 million square feet of total indoor and outdoor meeting space in top convention and leisure destinations across the country. RHP also owns an approximate 70% controlling ownership interest in Opry Entertainment Group (OEG), which is composed of entities owning a growing collection of iconic and emerging country music brands, including the Grand Ole Opry; Ryman Auditorium; WSM 650 AM; Ole Red; Category 10; Nashville-area attractions; Block 21, a mixed-use entertainment, lodging, office and retail complex, including the W Austin Hotel and the ACL Live at the Moody Theater, located in downtown Austin, Texas. OEG manages select outdoor live music venues, including Ascend Federal Credit Union Amphitheater in Nashville and CCNB Amphitheatre in Simpsonville, South Carolina. OEG also owns a majority interest in Southern Entertainment, a leading festival and events business. RHP operates OEG as its Entertainment segment in a taxable REIT subsidiary, and its results are consolidated in the Company’s financial results.

Cautionary Note Regarding Forward-Looking Statements

This press release contains statements as to the Company’s beliefs and expectations about future events that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. You can identify these statements by the fact that they do not relate strictly to historical or current facts. Examples of these statements include, but are not limited to, statements regarding the future growth of the OEG business, future opportunities, and any potential transaction.  These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the statements made. These include the risks and uncertainties associated with economic conditions affecting the OEG business generally, and the occurrence of any event, change or other circumstance that could limit the Company’s ability to capitalize on any opportunities it identifies. including those described in the filings made from time to time by the Company with the U.S. Securities and Exchange Commission (SEC) and include the risk factors and other risks and uncertainties described in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and subsequent filings. Except as required by law, the Company does not undertake any obligation to release publicly any revisions to forward-looking statements made by it to reflect events or circumstances occurring after the date hereof or the occurrence of unanticipated events.

 Investor Relations Contacts:Mark Fioravanti, President and Chief Executive Officer
(615) 316-6588
[email protected]

Jennifer Hutcheson, Chief Financial Officer
(615) 316-6320
[email protected]

Sarah Martin, Vice President, Investor Relations
(615) 316-6011
[email protected]

Media Contact:Shannon Sullivan, Vice President, Corporate and Brand Communications
(615) 316-6725
[email protected]

© Inspiration GP / Shutterstock.com

Few large-cap stocks have performed quite like Coinbase (NASDAQ:COIN | COIN Price Prediction) over the past 12 months. After peaking near $444.64 in the prior bull run, shares have round-tripped on a brutal crypto pullback. Our model sees significant upside from here.

Our 24/7 Wall St. price target for Coinbase is $271.94, implying 64.97% upside from the recent close of $164.84. The recommendation is buy, with a confidence level of 90%. That is a high-conviction call, anchored by forward earnings recovery, a deep subscription revenue base, and analyst consensus well above today’s quote.

24/7 Wall St. Price Target Summary Metric Value Current Price $164.84 24/7 Wall St. Price Target $271.94 Upside 64.97% Recommendation BUY Confidence Level 90% Crypto Winter Has Hit COIN Hard Coinbase shares are down 27.11% year to date and 46.55% over the past year, badly lagging the broader market. Bitcoin is down 27.05% YTD and Ethereum has tumbled 41.86%, squeezing the trading volumes that drive Coinbase’s transaction line.

Q1 2026 results, released May 7, 2026, showed the damage. Revenue of $1.41 billion fell 30.54% year over year, missing consensus by 4.72%. EPS came in at -$1.49 versus a $0.0444 estimate, weighed down by $482.40 million in markdowns on crypto held for investment. Management responded with a 14% headcount cut targeting roughly $500 million in annualized savings.

The Case for $400+ The bull case rests on Coinbase’s evolution beyond a pure trading venue. Subscription and services revenue reached 44% of net revenue in Q1, with stablecoin revenue of $305 million riding a USDC market cap that touched $80 billion in March.

Prediction markets crossed $100 million annualized within two months of launch, retail derivatives are tracking toward a $250 million tier, and DEX trading volume doubled quarter over quarter.

Industry tailwinds are sizeable. The stablecoin market is projected to grow from $300 billion to $3 trillion by 2030, with tokenized real-world assets potentially reaching $16 trillion.

If Coinbase rides those waves, our bull case scenario points to $406.07 over the next 12 months. Analyst consensus sits at $229.74, with 21 buys against just 3 sells.

What Could Go Wrong Coinbase remains tethered to crypto prices. Total crypto market cap and volumes both fell more than 20% quarter over quarter in Q1, and a beta of 3.32 means downside in BTC and ETH translates into amplified equity moves.

Insiders have been net sellers across 90 recent transactions, and the forward P/E of 77 leaves no room for further volume erosion.

The Q1 GAAP loss was largely a non-cash crypto markdown, and adjusted EBITDA was still positive at $303.30 million, the 13th straight positive quarter.

Cash of $10.21 billion and $2.10 billion in remaining buyback authorization give management room to defend the stock. Our bear case scenario still lands at $227.99, above today’s price.

Coinbase Price Prediction 2026-2030 My 24/7 Wall St. price target is $271.94, buy, with 90% confidence. The factor tipping the scale is the durability of subscription revenue, which now cushions trading swings far better than during the 2022 cycle.

The setup looks constructive if BTC stabilizes above $60,000 and Q2 transaction revenue tracks management’s $215 million May 5 pace. Caution is warranted if stablecoin revenue rolls over or another data-security event hits the cost base.

Year 24/7 Wall St. Price Target 2026 $221.08 2027 $271.94 2028 $365.00 2029 $490.00 2030 $645.59 These projections assume Coinbase executes its Everything Exchange strategy and stablecoin and prediction-market revenue compound through the decade. Significant upside or downside could result from crypto cycle timing, regulatory shifts under the GENIUS Act framework, or a major security incident.

Can XRP Become a Trillion Dollar Asset? Ripple Veteran Explains

A leading figure in the crypto space has outlined how the tokenization strategy from Ripple could push XRP to a new all-time high. 

In a detailed post on X, Austin King, co-founder of Omni Network, discussed how the XRP Ledger (XRPL) can capitalize on real-world asset (RWA) tokenization to drive long-term growth. 

Recall that Ripple CTO David Schwartz suggested in 2023 that the firm was pivoting to RWA tokenization, highlighting their desire to expand into the industry. Notably, Ripple acquired custody and tokenization firm Metaco in May 2023 to pursue this vision.

Interestingly, King’s recent disclosure suggests that combining Ripple’s institutional partnerships with blockchain-driven liquidity expansion could bolster XRP’s utility and demand, pushing it to a new ATH.

Tokenization is a Multi-Trillion-Dollar Opportunity According to King, the tokenization potential within XRPL is massive, reaching into the trillions. However, he believes many people overlook how this could occur. 

He explained that the XRP Ledger, despite being the third-largest crypto network, has yet to fully integrate into the decentralized finance (DeFi) space. Unlike Ripple’s success in onboarding financial institutions, there hasn’t been a dedicated effort to expand XRPL assets across multiple blockchain networks.  

King’s Omni Network wants to fill this gap by linking XRPL’s tokenized assets to a broader on-chain economy. King revealed that RLUSD, Ripple’s stablecoin, has already added over $38 billion in liquidity across multiple networks on devnet. 

He also pointed to Ondo Finance’s move to bring tokenized U.S. Treasury bills onto XRPL, a development expected to create a ripple effect across financial markets. Recall that last month, Ondo Finance brought its tokenized Treasury fund to the XRPL.

The Two-Part Strategy to Elevate XRP King described a feedback loop that could bolster adoption in two parts. First, Ripple is helping banks tokenize assets like bonds and securities onto XRPL. Then, Omni Network ensures those tokenized assets flow across various blockchain ecosystems, increasing their accessibility.

Because there is a powerful feedback loop:

1) Offchain: Ripple helps banks tokenize assets from traditional finance on $XRP Ledger.
2) Onchain: @OmniFDN expands those tokenized assets across the onchain economy.

This incentivizes more institutions to tokenize assets on $XRP. pic.twitter.com/Gvf3zGSacV

— Austin King (@0xASK) February 10, 2025

Notably, the model incentivizes more institutions to tokenize assets on XRPL, making XRP a major asset in the growing RWA market. King believes XRP’s role will expand as traditional finance integrates more blockchain-based assets. This is capable of pushing XRP price to greater heights.

Recent XRPL Developments Around Tokenization   Ripple is actively pursuing the tokenization industry. In June 2024, the company deepened its collaboration with Archax. This partnership looks to tokenize hundreds of millions of dollars in RWAs on the XRPL. Together, they launched the UK’s first tokenized money market fund on the XRPL last November.

In September 2024, Ripple introduced Multi-Purpose Tokens (MPTs), a new standard allowing easy tokenization of financial instruments like Treasury Bills. This will help the XRPL accommodate complex financial assets, making it attractive for institutions.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Omni Network has integrated Superstate’s tokenized U.S. Treasuries fund, adding it to its balance sheet as part of efforts to optimize treasury management.

The interoperability protocol announced the partnership with Superstate on Feb. 17.

Its plan is to leverage Superstate’s Short Duration U.S. Government Securities Fund USTB as part of its treasury management strategy. Omni Network, powered by the OMNI token, will use the tokenized treasuries asset to grow its balance sheet.

This will help the team optimize their treasury management strategies “while maintaining liquidity and flexibility.”

Superstate’s USTB, currently a $274 million tokenized treasuries product, provides investment exposure to short-duration U.S. Treasuries. The fund allows holders to manage capital efficiently, with idle assets deployed to earn yields.

Capital inefficiency and fragmentation remain key challenges across the crypto space, making tokenized assets like USTB a valuable tool. Omni Network, for instance, will benefit from real-time liquidity, continuous pricing, and multi-chain access.

Omni’s integration of USTB comes just days after Superstate expanded multi-chain access, starting with real-world asset finance platform Plume Network.

Earlier this year, Omni Network and Plume announced a collaboration aimed at developing an efficient distribution engine for real-world assets.

Additionally, Omni Network partnered with decentralized AI network Allora to leverage artificial intelligence in optimizing pricing and management of real-world assets.

Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Austin King, a cofounder of the Omni chain, has published a tweet with a major crypto prediction. His tweet shows that he has just taken part in the XRP Las Vegas event, returning from it with a bullish mood on the future of crypto.

In his tweet, King shared several key points where, he believes, big changes regarding the crypto space will be made.

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"The next 2 years will change crypto forever"King believes that positive changes will certainly transform the cryptocurrency space because he expects the U.S. government to establish clarity in this industry.

The fact that financial institutions are beginning to embrace Bitcoin, Ethereum and other altcoins both directly and via ETFs and/or Michael Saylor’s Strategy. Besides, he added, adoption and growth of the space are also “about to accelerate stability.” 

XRP Las Vegas confirmed one thing: the next 2 years will change crypto forever.

Regulatory clarity is coming. Institutions are leaning in. Adoption and growth are about to accelerate substantially.

For those who missed it, here's an overview -- first off, the most important… pic.twitter.com/UBn0pzvg5h

— Austin King (@OnchainAustin) June 2, 2025 For those who missed his talk at XRP Las Vegas, King offered a quick overview about the aforementioned bullet points. Over the past decade, he said, the crypto industry had to defend itself against various attacks from central banks, regulators and financial institutions, which overall did not believe in crypto’s future and opposed it.

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Radical change from just marketing to adoption comingNow, the largest financial institutions, such as BlackRock, Fidelity and even Tesla and SpaceX, have begun to appreciate the benefits of blockchain and crypto and allocate large amounts of funds into it. BlackRock has launched Bitcoin and Ethereum ETFs, and Tesla bought $1.5 billion in 2021 but has sold a lot of this stash by now.

King has called this stunning pivot a chance to create “by far the biggest opportunities” that he has seen over his eight years in the crypto space as a founder.

100% -- so much opportunity right now to really scale this tech throughout the global financial system for the first time.

— Austin King (@OnchainAustin) June 2, 2025 The Omni chain cofounder predicted that while, until now, crypto companies have been using good marketing, it has “failed to drive adoption.” Now, he says, crypto networks are starting to “lean into these new 100x mainstream opportunities,” and it gives them an immense advantage over those networks that still rely only on marketing.

“Over the next 2 years you'll see a significant amount of liquidity rotate from marketing based companies to projects that are clearly driving real world impact,” King predicted. “The global financial system is being rebuilt before our eyes,” he believes.

HTX, a leading global crypto exchange, is thrilled to announce the exceptional performance of its newly listed assets, coinciding with Bitcoin‘s groundbreaking surge past $120,000. In a period of renewed market optimism and significant capital rotation, HTX’s latest listings have once again showcased substantial wealth-generating potential. This solidifies the platform’s reputation as a go-to destination for investors looking to capitalize on emerging market trends. Between July 7 and 14, new listings across the Meme, NFT, and Infrastructure sectors achieved impressive gains. These remarkable results highlight HTX’s strategic ability to identify and list high-potential assets, providing significant wealth creation opportunities for its global user base.

Meme Coin Resurgence Led by M and MOG The resurgence of meme coins saw two prominent assets deliver significant returns:

●      Memecore ($M) surged an astounding 482% in just days, firmly topping the gainers’ list. Positioned as the first Layer 1 blockchain designed for the Meme 2.0 era, $M is set to become an engine driving meme culture, value creation, and community collaboration.

●      MOG Coin ($MOG), another prominent meme coin, recorded a remarkable 112% increase. This Ethereum-based asset has recently garnered significant attention and discussion across social platforms.

The surge in meme coin assets reaffirms the market logic that “emotion is value”. As one of the first platforms to list these tokens, HTX has effectively transformed community sentiment into trading activity, delivering tangible returns for users.

Infrastructure and Cross-Chain Narratives Regain Momentum with Strong Performances from OMNI and TANSSI Technologically driven assets also performed well this week.

●      Omni Network ($OMNI) jumped 260%, driven by renewed interest in inter-chain interoperability. As an Ethereum-native interoperability protocol, Omni Network enables low-latency communication across all Ethereum rollups and offers a secure, high-performance, and globally compatible architecture — positioning Ethereum as a single, unified operating system for both users and developers.

●      Tanssi Network ($TANSSI) climbed the ranks with an 82% increase. As an appchain infrastructure protocol built on Polkadot’s shared security framework, Tanssi offers the ContainerChain parachain solution, providing appchains with essential services such as block production, data availability, cross-chain messaging, and external bridging. Its ecosystem also includes management tools, ready-to-use templates, and key integrations like wallets, indexers, RPC endpoints, block explorers, and oracles.

HTX’s early identification of the infrastructure trend empowered previously overlooked assets to gain significant momentum on the platform, showcasing the precision of its listing strategy.

$PENGU Surges on Enterprise NFT Buzz, NFT Sector Stages Strong Comeback Recently, the rise of the “enterprise NFT” narrative has sparked growing interest, with both established brands and new IPs leveraging NFTs to broaden community engagement. As a result, NFT assets are experiencing a resurgence, demonstrating strong wealth potential in this new context.

●      Pudgy Penguins ($PENGU) witnessed an impressive 89% surge in a short period. This collection of 8,888 NFTs drives Web3 innovation through IP licensing and community-driven empowerment. Each holder gets exclusive access to experiences, events, IP licensing opportunities, and more. $PENGU has distinguished itself as one of the few NFT projects to achieve both substantial traffic and high trading volume.

Popular Assets Rally as XLM and KNC Maintain Resilience Beyond the newly listed assets, established popular assets also saw significant movement: 

●      XLM (Stellar) rose 88%, benefiting from heightened payment activity and growing stablecoin clearing needs. As an open payment network, Stellar bridges diverse financial systems, empowering anyone to create low-cost financial services for their communities. This interconnectedness enhances individual access, reduces banking costs, and boosts business revenue.

●      Kyber Network ($KNC) recorded a 65% gain, emerging as a standout in the DEX sector. The surge was driven by the release of new DeFi versions and liquidity incentive programs. Kyber Network aims to build a system that supports instant trading and seamless conversion of diverse digital assets. It offers robust payment APIs and next-generation contract wallets, enabling smooth token-to-token payments for all users.

The rise of these assets also signals a broader market shift from pure emotional speculation to projects backed by real-world applications and strong liquidity support.

About HTX Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.

As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.To learn more about HTX, please visit https://www.htx.com/ or HTX Square , and follow HTX on X, Telegram, and Discord.

OMNI surged by over 150% in a short period of time, possibly due to Upbit's launch of Korean won trading pairs.

PANews reported on July 29 that according to Binance market data, OMNI rose by more than 150% in a short period of time, and is now quoted at $6.5, with a maximum increase of $7.27.

Previously, Omni Network (OMNI) was launched on Upbit's Korean won market.

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US Three Major Indexes Mixed, HOOD Down Over 6.11%

PANews Newsflash2 hours ago

On July 29, 2025, OMNI (Omni Network) stunned the crypto market with a spectacular 200% price surge, triggered by its listing on Upbit, South Korea’s largest cryptocurrency exchange. This move opened the token to a highly speculative investor base, resulting in a trading volume explosion of over $900 million in just 24 hours.

In a recent tweet, Renowned trader Michaël van de Poppe (@CryptoMichNL) highlighted OMNI’s performance, revealing that his altcoin portfolio jumped from $35,000 to $60,000, driven by timely trades and strategic exposure to OMNI.

Despite ongoing corrections in major tokens like BTC and ETH, OMNI’s rally shows how altcoins can thrive in selective pockets of market volatility.

OMNI's price trends to the upside on the daily chart following a massive spike in trading volume. Source: OMNIUSDT on Tradingview Why OMNI is Gaining Attention Beyond the Hype OMNI’s breakout is fueled by a combination of factors. The Upbit listing attracted significant retail demand, while Binance Wallet’s 11% APY staking incentive encouraged long-term holding. Fewer circulating tokens created scarcity, driving the price up rapidly.

Beyond speculation, OMNI’s integration with platforms like Aarna AI and PaintSwap strengthens its real-world utility in DeFi and crypto payroll solutions. These use cases provide substance to the rally, suggesting OMNI could sustain interest if development continues.

Is Another OMNI Rally in the Cards? With OMNI trading at $5.40 and showing a 234% gain in July, traders are eyeing a potential continuation. However, resistance near $7.08 could be a critical level. Analysts urge caution: speculative pumps can reverse sharply.

Still, the token’s performance serves as a case study in how listings, staking, and use cases can align for explosive returns. Traders seeking similar opportunities should track volume spikes, on-chain wallet activity, and BTC dominance shifts to identify the next breakout.

In a market full of uncertainty, this crypto’s rally offers both inspiration and a reminder of the risks that come with chasing high-flying altcoins.

Cover image from Unsplash, chart from Tradingview

3 Made In USA Coins to Watch for the First Week of August

PANews reported on August 26th that Coinbase International has officially announced support for GMT, Omni Network, and Synthetix perpetual contracts on Coinbase International Exchange and Coinbase Advanced. The GMT-PERP, OMNI-PERP, and SNX-PERP markets will open on or after 5:30 PM Beijing Time on August 28th.

PANews reported on May 9th that Aave released an update on its X platform stating that the second phase of its rsETH recovery plan has made progress. On May 6th, the attacker's eight positions on Aave V3 were liquidated, and the recovered rsETH collateral has been transferred to Recovery Guardian. Governance proposals from both Mantle DAO and Arbitrum DAO have been passed. The court has approved the transfer of frozen ETH to Aave LLC via an on-chain vote on Arbitrum DAO, and the restraining order will take effect simultaneously with the asset transfer. As a contingency plan, funds will be borrowed to cover the shortfall until the frozen ETH is returned.

The next phase of the plan includes: burning the liquidated rsETH on Arbitrum; Kelp will retract the corresponding LayerZero data packet on Ethereum to eliminate the fraudulently minted rsETH supply. On Ethereum, the recovered rsETH will be sent to the bridge staking contract, combined with ETH raised by the DeFi United consortium, to restore the asset backing of rsETH. After the bridge is restored, rsETH withdrawals will reopen, and temporary configuration adjustments on Aave will be reversed. The WETH loan-to-value ratio on Aave V3 Ethereum Core will soon recover.

PANews reported on May 12th that, according to SoSoValue data, the crypto market saw a general pullback, with the Layer 2 sector falling 2.62% in the last 24 hours. Within the Layer 2 sector, Starknet (STRK) fell 5.54%, Optimism (OP) fell 4.25%, and Mantle (MNT) fell 3.15%. Only the CeFi sector remained relatively resilient, rising 0.42%, with Cronos (CRO) rising 4.46% and Binance Coin (BNB) rising 0.82%.

In other sectors, the Layer 1 sector fell 0.22% in the last 24 hours, but Canton Network (CC) rose 3.98%; the PayFi sector fell 0.28%, with Telcoin (TEL) rising 14.14%; the AI ​​sector fell 0.41%, with Billions Network (BILL) surging 19.21% intraday; the Meme sector fell 0.42%, but BUILDon (B) surged 54.09%; and the DeFi sector fell 1.68%, with Curve DAO (CRV) bucking the trend and rising 8.86%.