Track market-moving stories before they get noisy

PANews reported on June 9th that the decentralized stablecoin USDD released its May transparency report. Data shows that as of the end of May, USDD's total collateralized assets reached $2.2 billion, with a circulating supply of $1.44 billion. The overcollateralization ratio remained at 154.65%, demonstrating strong risk buffering capabilities. Furthermore, Smart Allocator's cumulative returns reached $18.34 million, with $2.1 million added in May, representing a month-over-month increase of 12.94%.

In terms of ecosystem progress, sUSDD has officially launched the Pendle fixed-income market, providing users with more income options; it continues to use a 100% on-chain verifiable reserve mechanism and promotes multi-platform incentive programs to accelerate ecosystem expansion.

PANews reported on December 3rd that, according to The Block, the Aave governance forum is discussing a policy adjustment proposal put forward by ACI, which suggests shutting down low-income on-chain deployments such as zkSync, Metis, and Soneium, and setting a $2 million annual revenue threshold for future deployments. ACI stated that these instances cannot cover operational costs and increase engineering burden. Currently, the "temperature check" snapshot vote has received 100% support, and if passed, it will enter the formal governance process.

Last night, news broke that the Aave community has proposed a new strategy to adjust the V3 multi-chain deployment strategy, including increasing the reserve factor for underperforming networks .

LazAI launched Open Launch on LazPad. Anyone can create and 'co-build' a memetic AI agent token that deploys directly on the Metis Andromeda network. Zero listing fees, $METIS pairing, and co-building functionality lets communities train and improve agents together.

Thiru Becomes Mr DevconnectMetis DevRel Thiru quickly became a familiar face at Devconnect when his viral arrival post surged to 29M views, and people were queueing up for selfies and interviews with him. 

Shortly after, the Ethereum Foundation confirmed that Devcon 8 will be hosted in Mumbai India. Thiru shared his side of the story on many podcasts including The Rollup.

Lazarian Army RisesAn army of Lazarians is forming. Our new Ambassador Program rewards Web3 & AI creators across 3 tiers with monthly METIS tokens from a $22.5K pool, performance bonuses, VIP perks, and Honor NFTs. The mission? Champion decentralized AI and data ownership.

CreateAICreateAI went live on the 19th November. It's an autonomous AI marketplace where each agent output mints as a DAT for verifiable ownership on Metis. 

Integrated with LazAI, GMPayer, and x402, creations are anchored, paid, and traded in a fully onchain AI-native market. You can explore CreateAI here.

The Metis Eco UnifiesMetis governance approved the Ecosystem Unification & Economic Model Evolution proposal, kicking off a new structural era for ReGenesis. The vote aligned Metis, LazAI, GOAT, and ZKM under one economic model, including optimizing DSseq mining rewards for stronger long-term sustainability.

LazAI Talks E6LazTalks #6 went live on November 13th, diving into the question of who should govern agent-to-agent payments. Speakers included Nabiha Sheikh (Lead Researcher at LazAI) Tom Ngo (CEO at Metis) Mike Massari (VP at AEON.XYZ) Anita (Building with SentientAGI) and Chuck (CFO at Polyflow)

Monthly HighlightsThe Metis Turkey community rallied for an impactful event where developments across the entire Metis stack were discussed.Lazbubu has reached over 2,700 daily users. The highest day reached 12,193 active users. AI companions are here to stay.CreateAI minted out 20,000 mints in under 3 hours on Andromeda.Elena Sinelnikova spoke with Daniel Alecio from Roundtable Network about Metis ReGenesis.LazAI introduced Open Launch, built on Metis infrastructure. Enabling permissionless AI agent token creation with organic price discovery and a unique co-build model.The Lazarian Ambassador Program went live with three tiers, monthly rewards from a $22,500 pool, and exclusive ecosystem access for content creators.The first LazAI Roundtable Eco Space with SoulTarot, LazAI Trader, and DogEX showed how AI powers their onchain products.Futurist Conference in Miami: Elena Sinelnikova spoke on  "Blockchain & AI: The Playful Future of Intelligence"Metis won 'Layer 2 Solution of the Year' at BlockLife Forum 2025 in Dubai, recognized for our decentralized, scalable, and AI-ready blockchain infrastructure. Elena Sinelnikova sat down with Genzio CEO Zack Nelson to unpack the emerging AI Internet economy in a new video discussion.Summary November brought the ecosystem to life. Open Launch went live, enabling permissionless AI agent creation on Metis Andromeda. Governance unified the stack through ReGenesis. Lazbubu reached 12,000 daily active users, proving AI companions have arrived.

Join our Telegram community to help shape what comes next. The future of AI and Web3 is being written here.

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METIS: Metis 2026 Roadmap: The Execution Engine for Ethereum's AI Frontier

Metis Blockchain’s Strategic Vision for AI Integration by 2026

New York, USA, January 22nd, 2026,

Lazbubu announces the completion of a strategic funding round led by Metis, with participation from Hotcoin Labs, Honey Capital, APUS Capital, and Becker Ventures. The round supports continued development of Lazbubu’s decentralized AI architecture and reflects institutional interest in on-chain data ownership models within the AI companion sector.

The project stated that the funds will be directed toward core product development, global user growth initiatives, ecosystem partner expansion, and further refinement of its DAT mechanism. The participation of multiple institutions provides operational support as Lazbubu continues to develop infrastructure focused on user-controlled AI interaction data.

Lazbubu is a companion AI agent developed for the Web3 environment, designed to evolve through continuous interaction with individual users. By anchoring interaction data on chain, the system records conversations, decisions, and experiential inputs as part of the AI’s long-term development process. This approach enables personalized interaction while maintaining user sovereignty over data, positioning the product as a persistent digital companion rather than a conventional centralized AI service.

Project Core Mechanism

Lazbubu is built on BNB Chain, with its core technology centered on the DAT (Data Anchoring Token) mechanism. DAT is a data-anchoring token that allows users to mint and record AI interaction data on-chain in real time—every conversation and every adventure decision generates an immutable anchor point. These anchor points directly drive Lazbubu’s evolution: starting from an initial budding state, it gradually unlocks new personality traits, exclusive skills, unique storylines, and even cross-user social interactions. It resembles a blockchain-based nurturing game, but with all growth records transparently on-chain, giving users absolute sovereignty over their data—they can view, transfer, or combine it within the ecosystem at any time.

The product experience revolves around a core closed loop of “companionship + adventure.” Users can engage in natural conversations with Lazbubu, jointly explore virtual adventure scenarios, complete task challenges, or unlock social features (such as interactions with other Lazbubu instances). Every interaction contributes to growth value, creating strong retention mechanisms. Currently, the platform supports multimodal adventure modules, including text-based narratives, branching choices, and on-chain event recording, with plans to further expand visual and voice capabilities in the future.

Lazbubu’s Four Core Advantages

1. Innovative DAT Mechanism Establishing Technical Barriers

The DAT data-anchoring token enables user-driven on-chain interactions, completely resolving issues of data centralization and privacy in traditional AI, ensuring all growth records are verifiable and permanently owned by users, while offering circulation and combination potential within the ecosystem—a key breakthrough in decentralized AI.

2. Deep Nurturing Closed Loop Creating Emotional Stickiness

Every user conversation and adventure directly shapes Lazbubu’s unique personality and storyline, forming a long-term companionship experience akin to nurturing games, significantly enhancing user retention and emotional connection—far surpassing ordinary chat tools.

3. Hard Data Validating Strong Product-Market Fit

In its Testnet debut week, the project attracted over 80,000 whitelist participants, 14,000+ DAT mints, and more than 1 million interactions; after mainnet launch, daily interactions stabilized at 30,000–50,000, with cumulative adventures exceeding millions—these metrics fully demonstrate early PMF achievement in the AI companion track.

4. High-Potential Track Positioning with Clear Expansion Roadmap

Positioned at the intersection of AI emotional companionship and Web3 data sovereignty trends, future plans include expanding adventure/social modules, cross-chain compatibility, community governance, and deep integration with external DApps to build a complete digital companion ecosystem.

Project development data strongly validates early product-market fit. Lazbubu initially launched on the LazAI Testnet, attracting over 80,000 whitelist participants in its first week, completing 14,000+ DAT mints, and generating more than 1 million interactions. It subsequently expanded smoothly to the BNB Chain mainnet. Lazbubu has successfully captured the rigid demand for AI emotional companionship and established a differentiated moat through Web3 data sovereignty.

Future Roadmap

From a market positioning perspective, Lazbubu sits at the convergence of AI companionship and the decentralized data economy. The global AI companion market is experiencing rapid growth, while Web3’s user sovereignty trend provides the project with a natural moat. The future roadmap includes:

1. Deep Upgrade of Product Experience Continuously enriching adventure scenarios and social modules, expanding multimodal capabilities (visual, voice, etc.), further strengthening the “companionship + adventure” nurturing closed loop, and enhancing user emotional stickiness and interaction depth.

2. Technical and Ecosystem Expansion: Achieving cross-chain compatibility to support greater interoperability across on-chain ecosystems; deeply integrating with external DApps to generate synergistic value between DAT data anchors and a broader range of decentralized applications.

3. Community Governance and Long-term Sustainability Launching community governance mechanisms, gradually transferring partial decision-making authority to users and holders, and ultimately building a complete, user-led digital companion ecosystem.

These three directions mutually reinforce one another, with the overarching goal of evolving Lazbubu from a single companion AI into a mature digital companion infrastructure in the Web3 era.

Conclusion

With its DAT mechanism, documented usage data, and backing from multiple institutional participants, Lazbubu continues to develop within the Web3 and AI integration space. The project’s technical framework and reported market activity have drawn interest from industry observers, and its ongoing development remains under observation within the decentralized companion agent segment.

About Lazbubu

Built on the BNB Chain, Lazbubu leverages an innovative DAT (Data Anchoring Token) mechanism to enable verifiable, user-driven AI interactions in Web3.

Preface: The Agent Economy Is Not a Trend - It’s Happening NowThe Agent Economy is not an upcoming trend - it has already begun. It is not a proof-of-concept, nor an experiment confined to tech circles. It is a structural transformation in progress, reshaping how organizations operate, how value is created, and how coordination occurs across the internet.

AI is breaking through networks designed for “human-scale” interaction. The cost of coordination, generation, and transactions is being compressed to near zero, and the boundary between human and machine behavior is rapidly disappearing. The key question is no longer whether AI exists. As a16z points out, the challenge is that the internet was never designed to differentiate between humans and machines while maintaining privacy and usability. In this context, the Agent Economy is not a future narrative - it is the structure of reality.

From Tool to Agent: A Productivity LeapFor a long time, AI was regarded as a tool. It answered questions, generated content, and assisted with analysis—but it remained a system to be called upon. That phase has ended. The recent surge in popularity of OpenClaw and ClawdBot highlights a critical trend: AI agents have undergone a qualitative upgrade. Notably, OpenClaw enables agents to directly “capture” and persist user data in personalized memory, allowing each agent to retain interaction history in its long-term memory. This approach breaks the traditional data silos of the internet, giving users real ownership of their information and experiences. Such memory not only enhances the agent’s intelligence and continuity but also lays the foundation for trust and collaboration in a decentralized ecosystem.

The new generation of AI agents is no longer just a model behind an interface. They now possess behavioral capabilities:

They can autonomously execute multi-step tasks.They maintain persistent, long-term memory.They can combine, expand, and evolve their own skills.
McKinsey’s latest research shows that agentic AI, capable of reasoning, planning, and tool use, is key to achieving an AGI-level productivity leap. This assessment is already in practice: out of McKinsey’s 60,000 global employees, roughly 25,000 AI agents are collaborating with over 40,000 human employees.

The message is clear: agents are becoming productive units, not experimental novelties. Evolution is happening faster than we imagine. Remaining passive now risks being left behind in the next wave of competition.

EVE: A Real-World, “Cultivated” Agent CaseIn response to this reality, the Metis ecosystem has proactively positioned itself within the Agent Economy. Built on the Metis Agent framework, GOAT Network’s “super employee” EVE has been live since February 2. The team has invested over 100 hours interacting with her, sharing organizational knowledge and resources to build collective memory and continuously optimize outputs. EVE can intelligently analyze feedback, assist with decision-making, and collaborate with humans on future tasks.

EVE is not a proof-of-concept. She is a real-world example of this trend in action. Her development is not based solely on algorithmic fine-tuning but grows through deep interaction and knowledge sharing with the team.

The name EVE symbolizes “origin” and “creation.” She represents GOAT Network’s first AI employee and embodies our first practical experiment in a human-agent collaboration paradigm and the transition toward an AI-native organization.

Core capabilities of EVE:

Knowledge Sharing: Accesses team knowledge bases and understands business context to respond rapidly to new challenges.Collective Memory: Continuously accumulates work habits and best practices through interaction with the team, enhancing adaptability.Self-Evolution: Uses feedback mechanisms to refine outputs and provide high-quality decision support.
EVE’s success is not only as a “super employee” but also in helping Metis redefine its customer base—from purely human to a hybrid ecosystem including agents. This transition demonstrates how agent adoption profoundly reshapes workflows and interactions, emphasizing the urgency of building a trustworthy, scalable agent ecosystem.

The Trust Challenge Behind Scale: Why the Agent Economy Needs BlockchainEVE’s introduction does more than add a tool—it fundamentally changes team collaboration and decision-making processes. Her success highlights a crucial insight: agents do not replace humans; they augment human capability.

Human roles are evolving: In the Agent Economy, humans transition from “doers” to “coaches, trainers, and decision-makers.” No longer required to manage every detail, humans can focus on strategy, innovation, and high-value decisions. This shift improves efficiency and allows humans to concentrate on work requiring creativity and judgment.

Yet, as agents like EVE scale, a sharp tension arises: scalability becomes cheap, but trust becomes harder.

When AI can mass-produce voices, faces, and social personas, traditional identity systems fail. This is the fundamental driver behind Metis’ deep investment in the Agent Economy. As a16z emphasizes, blockchain restores the missing layer of trust and provides three key infrastructures for the agent economy:

Verifiable Identity (DID):Provides Agents with a portable, universal “passport” in the form of a feedback-enabled NFT compliant with the ERC-8004 standard. This identity not only describes the Agent’s traits and capabilities but also incorporates verifiable interaction and feedback mechanisms, allowing the Agent’s behavior, performance, and history to be continuously recorded on-chain as reputation. This reduces the risk of identity forgery in large-scale Agent collaboration and lays the foundation for trusted cooperation and economic incentives.Micro-Payment Architecture: Supports machine-scale micropayments and automatic settlement, enabling economic interactions between agents.Privacy Boundaries: Uses technologies like zero-knowledge proofs to verify agent permissions while safeguarding data privacy.Debot: A Decentralized AI Agent Framework for the Agent EconomyBased on a deep understanding of the Agent Economy trend, Metis, in collaboration with GOAT Network and LazAI, has launched Debot - a decentralized AI agent framework. The name is currently still an internal code name, but it is derived from “Decentralized Bot,” reflecting our vision: to enable each Agent to grow into an independent super-individual and autonomously establish social consensus.

Debot’s Core Advantages：

Debot vs Mainstream Agent Frameworks:

Feature Debot Mainstream Frameworks Codebase ~10.8k lines 50k–200k+ lines Core Language Rust (Safe & Fast) Pure Python Cost-Saving Routing Built-in, 71% savings None / Additional Integration Deployment Speed 2 minutes Typically more setup Instant Messaging Telegram + WhatsApp built-in Usually requires plugins Long-Term Memory Built-in semantic search Requires external vector DB Local Model Support Native vLLM Partial support This is not just engineering optimization - it reflects a deep understanding of user needs in the Agent Economy era. Debot’s design philosophy stems from a core insight: AI can forge content, but cryptography makes large-scale imitation of unique human identity costly. By restoring scarcity at the identity layer, blockchain raises the marginal cost for impersonators without adding friction for legitimate human behavior. This is why we built Debot on a decentralized infrastructure - not for hype, but because it is the only way to make an agent ecosystem trustworthy and scalable.

Open Source & Ecosystem: Beyond a Single ProductDebot’s significance extends far beyond a product. We chose to open-source it because we believe in the power of ecosystem collaboration.

Benefits of open source:

Attract External Collaboration: Community participation drives innovative applications and diverse implementations.Accelerate Technical Iteration: Open ecosystems quickly identify issues, optimize features, and advance breakthroughs.Build Scalable Agent Ecosystems: Debot is intended as foundational infrastructure for the Agent Economy, supporting more applications and services.
The strategic collaboration between Metis, LazAI, and GOAT Network demonstrates the power of ecosystem synergy:

Metis provides a decentralized Layer 2 infrastructure, offering agents high-performance, low-cost on-chain execution.LazAI contributes deep expertise in AI agents, ensuring intelligent framework capabilities and training efficiency.GOAT Network provides real-world use cases and user validation, accelerating practical agent deployment.
This is not just a technical combination; it is a strategic ecosystem initiative. Controlling internet identity equates to controlling participation. In the traditional internet, platforms can revoke access, levy fees, or monitor users. Decentralization flips this dynamic: users control their own identities, making them safer and more censorship-resistant. This is why we chose to build an open-source, decentralized agent framework rather than a closed proprietary system. In the Agent Economy, identity, privacy, and payment trustworthiness will determine everything.

The Agent era has arrived, and the internet is being re-“humanized.”This is not a proof-of-concept - it is a transformative organizational and market shift. We recognize the enormous potential of agents and the limitations of the traditional “human + software” model.

Through EVE, we have demonstrated the feasibility of agents as “super employees” - capable not only of executing tasks but also of thinking proactively, making suggestions, and continuously evolving. Through Debot’s open source release, we provide tools and platforms for developers and enterprises worldwide to participate in the Agent Economy.

Business interactions are evolving: EVE’s presence is not merely about efficiency. She is subtly changing the language and structure of business interactions. Institutional knowledge moats are growing, and code execution is depreciating, as execution can be outsourced to agents. The real challenge is: do you know what to do, and can you convert experience into transferable, reusable processes and principles?

The rise of the “one-person company”: With digital colleagues like EVE handling research, writing, coordination, and partial decision support, a single person can lead an “AI team.” Organizational scale will be determined by cognitive density and process assets, not merely headcount.

The internet is becoming “non-human”: The future internet will be saturated with AI agents. Many services will no longer be primarily human-focused but agent-focused. As agent-to-agent interactions become mainstream, collaboration, privacy, payment, reputation, and compliance will all be redefined.

The Agent Economy has begun, and the window of opportunity is opening. Future organizations will no longer be composed solely of humans. As more EVEs emerge across enterprises and agent-to-agent collaboration becomes standard, the operational logic of the entire internet will be rewritten.

It’s time to act. We invite you to experience Debot and join the revolution of the intelligent agent economy. Whether you are a developer building your own AI assistant or a decision-maker deploying intelligent agents for your enterprise, Debot provides the tools and support you need.

Visit the Debot GitHub to get started or join our community to drive the Agent Economy forward with developers worldwide. Make your move before the wave of the agent economy passes. Don’t just watch - act now and help define the next-generation internet.

‍

May 12, 2026 at 11:00 PM UTC

Updated on May 13, 2026 at 9:27 AM UTC

Shares of Metis TechBio Co, a biotechnology company using artificial intelligence to deliver and formulate drugs, jumped 127% in their Hong Kong debut on Wednesday, adding to a string of first-day pops in the city.

The stock rose as high as HK$29.98 in early trading and closed at HK$23.80, compared with a price of HK$10.50 apiece in the initial public offering that raised HK$2.1 billion ($270 million), giving it a market value of $3.5 billion. Impact Therapeutics Inc, a cancer drug developer that also began trading on Wednesday, jumped 108% after raising $108 million in an IPO.

WSJ: All Things Mobile Analytic, Inc. (OTCID:ATMH) Acquires Metis Technology S.p.A., Strengthening European Enterprise Capabilities

PANews reported on May 24th that, according to The Block, court documents show that Fenwick & West, the Silicon Valley law firm that served as the lead outside legal counsel for the FTX US exchange before its collapse in 2022, has agreed to pay $54 million to settle allegations that it assisted Sam Bankman-Fried in committing fraud. This settlement is part of a second tranche of settlements with FTX, which also includes $11.75 million from auditor Prager Metis and $420,000 from former NBA player Udonis Haslem. The second tranche of FTX class-action lawsuit settlements totals approximately $66.17 million. Fenwick denies any wrongdoing and still faces a separate $525 million lawsuit in Washington, which was not resolved by the settlement.

A newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.

According to monitoring by Onchain Lens, a newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.

5 minutes ago

JPMorgan Chase raised its S&P 500 target to 7,800 points, while warning of an overcrowded AI trade.

JPMorgan Chase has raised its year-end outlook for U.S. stocks, while cautioning investors that the overcrowding in AI-related momentum stocks is becoming the market’s most vulnerable segment. The JPMorgan strategy team led by Dubravko Lakos-Bujas lifted its 2026 year-end target for the S&P 500 from 7,600 to 7,800 points, citing continued upward revisions to corporate earnings expectations and nearly doubling of AI-related capital expenditures. The bank noted that consensus earnings expectations for both 2026 and 2027 have been revised up by roughly 10% since the start of the year, a magnitude typically only seen in the recovery phase after a recession or major shock. However, JPMorgan does not interpret this upward revision as a risk-free rally. The bank pointed out that low-quality growth stocks, speculative growth stocks, and second- and third-tier AI-related concept stocks have become "extremely overcrowded," and a pullout of capital could trigger a rapid correction. The strategists also noted that rising equity supply in the coming quarters and potentially tight monetary policy could cap further valuation expansion. On the allocation front, JPMorgan recommends a barbell strategy: holding high-quality growth stocks and stocks directly benefiting from AI on one end, and low-volatility, high-quality stocks as a portfolio buffer on the other. The bank remains bullish on tech, select industrials, utilities, defense, banks, and some healthcare growth stocks, but believes the market’s upward trajectory will not be linear.

5 minutes ago

Preview: The U.S. May core PCE data will be released at 20:30 tonight, and is projected to hit its highest level since October 2023.

The Fed’s key inflation gauge, the Personal Consumption Expenditures (PCE) price index, will be released at 20:30 tonight, with markets expecting a sharp rise in May inflation that could reignite rate hike bets. The headline PCE year-over-year growth rate is projected to hit 4.1% in May, up from 3.8% in April and marking its highest level since 2023. Core PCE, which excludes food and energy, is forecast to rise to 3.4% year-over-year, up from 3.3% in April and its highest reading since October 2023. Core PCE has remained above the Fed’s 2% inflation target since 2021. The recent short-term inflation uptick was driven mainly by surging gasoline prices amid the Iran conflict in May. Oil prices have since edged lower following the signing of a peace deal between the U.S. and Iran, but core inflation has strengthened in tandem, indicating that price pressures are not solely tied to geopolitical oil shocks. Data from the CME FedWatch Tool shows that as of Wednesday, markets are pricing in a 34% probability of a 25 basis point rate hike in July. Aditya Bhave, U.S. economist at Bank of America Securities, noted that the recent inflation rebound stems in part from tariffs and one-off disruptions, but successive supply shocks have eroded the Fed’s patience, while deflationary room in the housing sector has largely been exhausted. Data shows that core PCE dipped to 2.6% in April, its lowest level since 2022, but annualized core PCE growth over the past three and six months has hovered near 3.8%.

5 minutes ago

SK Hynix plans to list on NASDAQ on July 10: A crypto whale opens 90% of its bullish positions in a single day, with all $21.27 million in long positions in unrealized profit.

According to Hyperinsight’s monitoring, SK Hynix officially announced its U.S. listing date today, targeting a July 10 debut on the NASDAQ. The company had previously disclosed a over $29 billion listing fundraising plan yesterday afternoon. Driven by listing optimism, SKHX surged 14% intraday, hitting $1930 at press time, with a daily trading volume of $407 million and open interest of $237 million. Since the news broke yesterday, 10 whales have built positions in SKHX on Hyperliquid, 9 of which opened long positions totaling around $21.27 million, at an average entry price of ~$1797.8 and average unweighted liquidation price of ~$1390.6. With price gains, all 9 long positions are now in unrealized profit. Market data shows that positions of over $1 million amount to roughly $140 million, with a long-short ratio (longs/shorts) of ~0.715. The average entry price for longs is ~$1672, while shorts average ~$1640. The nearest short liquidation threshold stands at $2149, just $200 away from the current price, mounting short-side pressure. -HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group, set it as admin (enable message sending permission) to auto-sync on-chain updates.

5 minutes ago

The "Retail vs. Wall Street" concept-linked token WEN continues its strong run, rising over 18% in after-hours trading.

According to Bitget market data, Wendy's (WEN) rallied 25.66% in the regular trading session, then climbed an extra 18.96% in after-hours trading, now changing hands at $9.35. Earlier reports noted that Serenity took to Twitter to mock the latest meme stock movement unfolding on Reddit's high-risk trading communities, targeting U.S. fast-food chain Wendy's. The Reddit community's meme warning reads: "If Wendy's goes bankrupt, we'll all be out of jobs, and after losing all our trading money, we'll have to work behind Wendy's trash cans." Serenity later clarified that they hold no positions, only found the activity amusing, and added they were unsure if the campaign would succeed. Wendy's holds a special cultural status on Reddit's WallStreetBets community; for years, "working behind Wendy's trash cans" has been a staple joke among retail investors mocking their trading losses.

5 minutes ago

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

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

5 minutes ago

San Franciso, united states, October 17th, 2024, Chainwire

Boba Network, a leader in multichain layer-2 scaling solutions, in collaboration with Thrive Protocol launched the Thrive Boba Ecosystem Grants, a program aimed at empowering developers, entrepreneurs, and creators building on Boba. This initiative offers $200,000 in BOBA tokens for projects that drive on-chain activity and expand the Boba ecosystem. Applications are open through October 8, 2024.

Program Overview and Eligibility Thrive Boba Ecosystem Grants provide eligible projects with funding between $10,000 and $35,000 in BOBA tokens. Open to both individuals and teams, the program seeks projects within Decentralized Finance (DeFi), Gaming, and Generative AI.

Applicants are asked to outline three critical milestones for their projects, which will guide the phased release of grant funding:

Milestone 1 & 2: Upon completion and verification of each milestone, recipients receive 15% of their total grant. Milestone 3: Successful completion and verification of the final milestone unlocks 70% of the grant. Key Dates for Thrive Boba Season 1

Application Deadline: October 31, 2024 Notification of Grant Awards: November 19, 2024 Project Completion Proof Submission: February 25, 2025 Season 1 Ends: February 27, 2025 Grant Disbursement: Approximately two weeks after Season 1 ends Application Process and Requirements Applicants can submit their grant applications through the official Thrive Boba platform at https://thriveboba.com by October 31, 2024. To qualify, participants must join the Thrive Protocol Discord, connect their wallet (eligible for grant funds), and link their X/Twitter and GitHub accounts.

The Thrive Boba Ecosystem Grants program is an essential step forward in Boba’s mission to help developers build the best dapps possible,” said Alan Chiu, Co-founder of Boba Network. “We are excited to see developers and entrepreneurs leverage Boba’s technology such as HybridCompute to drive innovation in the Web3 ecosystem.”

“By partnering with Boba, Thrive Protocol aims to encourage builders who are shaping the future of decentralized applications,” added Daniel Jacobs, Thrive Protocol CEO. “This grant initiative will empower participants to create meaningful impact across key areas like DeFi, Gaming, and AI on Boba.”

About Boba Network

Boba Network is an optimistic-based multichain layer-2 scaling solution that aims to unlock the potential of roll-up technology and enable more flexible blockchain communication. The protocol is fully compatible with EVM-based tools and has already deployed multichain support for Ethereum, and BNB, supporting lightning-fast transactions and fees anywhere from 40-100X less than the respective layer-1. Boba Network is powered by HybridCompute™ technology that brings the power of Web2 on-chain, with smarter smart contracts that allow visionary developers to leverage off-chain compute and real-world data to build hybrid dapps that connect people to the future of blockchain applications.

Website: https://boba.network

Twitter: @bobanetwork

LinkedIn: https://www.linkedin.com/company/bobanetwork/

Contact Marketing Manager
Gian Kim
Enya Labs
[email protected]

Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

[PRESS RELEASE – San Franciso, United States, October 17th, 2024]

Boba Network, a leader in multichain layer-2 scaling solutions, in collaboration with Thrive Protocol launched the Thrive Boba Ecosystem Grants, a program aimed at empowering developers, entrepreneurs, and creators building on Boba. This initiative offers $200,000 in BOBA tokens for projects that drive on-chain activity and expand the Boba ecosystem. Applications are open through October 8, 2024.

Program Overview and Eligibility Thrive Boba Ecosystem Grants provide eligible projects with funding between $10,000 and $35,000 in BOBA tokens. Open to both individuals and teams, the program seeks projects within Decentralized Finance (DeFi), Gaming, and Generative AI.

Applicants are asked to outline three critical milestones for their projects, which will guide the phased release of grant funding:

Milestone 1 & 2: Upon completion and verification of each milestone, recipients receive 15% of their total grant. Milestone 3: Successful completion and verification of the final milestone unlocks 70% of the grant. Key Dates for Thrive Boba Season 1

Application Deadline: October 31, 2024 Notification of Grant Awards: November 19, 2024 Project Completion Proof Submission: February 25, 2025 Season 1 Ends: February 27, 2025 Grant Disbursement: Approximately two weeks after Season 1 ends Application Process and Requirements Applicants can submit their grant applications through the official Thrive Boba platform at https://thriveboba.com by October 31, 2024. To qualify, participants must join the Thrive Protocol Discord, connect their wallet (eligible for grant funds), and link their X/Twitter and GitHub accounts.

The Thrive Boba Ecosystem Grants program is an essential step forward in Boba’s mission to help developers build the best dapps possible,” said Alan Chiu, Co-founder of Boba Network. “We are excited to see developers and entrepreneurs leverage Boba’s technology such as HybridCompute to drive innovation in the Web3 ecosystem.”

“By partnering with Boba, Thrive Protocol aims to encourage builders who are shaping the future of decentralized applications,” added Daniel Jacobs, Thrive Protocol CEO. “This grant initiative will empower participants to create meaningful impact across key areas like DeFi, Gaming, and AI on Boba.”

About Boba Network

Boba Network is an optimistic-based multichain layer-2 scaling solution that aims to unlock the potential of roll-up technology and enable more flexible blockchain communication. The protocol is fully compatible with EVM-based tools and has already deployed multichain support for Ethereum, and BNB, supporting lightning-fast transactions and fees anywhere from 40-100X less than the respective layer-1. Boba Network is powered by HybridCompute™ technology that brings the power of Web2 on-chain, with smarter smart contracts that allow visionary developers to leverage off-chain compute and real-world data to build hybrid dapps that connect people to the future of blockchain applications.

Website: https://boba.network

Twitter: @bobanetwork

LinkedIn: https://www.linkedin.com/company/bobanetwork/

San Francisco, United States, January 22nd, 2025, Chainwire

Boba Network has announced the integration of Nucleus, a protocol designed for blockchain networks. This collaboration enables users bridging ETH, Liquidity Staking Tokens (LSTs), or Liquidity Reward Tokens (LRTs) to the Boba Network to engage with Ethereum mainnet functionalities while accessing various DeFi protocols, gaming platforms, and NFT marketplaces

The partnership aligns with Boba Network’s focus on scalability and user-focused development. The integration of Nucleus expands Boba Network’s ecosystem offerings, highlighting advancements in cross-chain functionality and composable infrastructure.

Enhancing Results Through Cohesion

ETH, LSTs, or LRTs bridged to Boba Network are integrated into the network’s system, facilitating seamless interaction with decentralized applications. This approach aims to optimize user engagement without additional complexity. This version removes promotional language and references to financial benefits, focusing solely on functionality. Frictionless Cross-Chain Operations Secure interchain messaging protocols connect Ethereum Mainnet and Boba Network, enabling efficient yield aggregation. The flow of assets and rewards benefits from streamlined coordination between chains. Composable Infrastructure Smart contracts empower cross-chain deposits, withdrawals, and liquidity management. This allows developers to build robust decentralized applications that incorporate Nucleus’s functionality without added complexity. Boba Network as a Foundation for Innovation

Boba Network’s advanced capabilities support Nucleus’s goal of integrating core functionalities into blockchain ecosystems.

HybridCompute™ Off-chain data computation at scale lowers costs and boosts performance for yield-bearing protocols. Account Abstraction Simplified user interactions reduce onboarding barriers and enhance overall accessibility. Low Transaction Costs Lower fees support high-volume user participation and provide a cost-effective environment for dApp developers. This synergy bolsters ecosystem capabilities, drives the adoption of decentralized technology, and sets the stage for new market opportunities.

Aligning with Nucleus’s Mission

By deploying on Boba Network, Nucleus aims to integrate core functionality across multiple crypto networks. This approach supports ecosystem participation by leveraging Boba Network’s features, including speed, cost-efficiency, and access to a range of decentralized applications.

What the Integration Brings

For Users: Convenient access to a variety of applications within the Boba Network ecosystem. For Developers: Tools and resources for integrating advanced features into decentralized applications to support innovative product development. For Ecosystems: Increased network activity supported by integrated functionalities, contributing to the ongoing development of blockchain technology. Setting a New Standard for Blockchain Networks

The collaboration between Nucleus and Boba Network aims to integrate advanced network functionalities as a core feature rather than an additional option. This integration seeks to enhance the accessibility and utility of blockchain technology, supporting broader adoption and facilitating advancements in decentralized finance and related fields.

Users can learn more about Nucleus on Boba Network and experience how this integration is redefining blockchain networks.

About Nucleus

Nucleus is a protocol designed to integrate core functionalities at the foundational layer of blockchain ecosystems. By streamlining cross-chain operations and providing developers with tools for integrating advanced features, Nucleus aims to enhance how users interact with Web3 technologies.

About Boba Network

Boba Network is a multichain Layer 2 solution designed for scalability, low transaction costs, and enhanced developer capabilities. Through innovations such as HybridCompute™ and account abstraction, Boba Network supports diverse dApps spanning DeFi, gaming, and NFTs, aiming to bring the next wave of users into the blockchain space.

Website: https://boba.network

Twitter: @bobanetwork

LinkedIn: https://www.linkedin.com/company/bobanetwork/

Contact Marketing Manager
Gian Kim
Enya Labs
[email protected]

[PRESS RELEASE – San Francisco, United States, February 3rd, 2025]

Today, Boba Network introduces a new approach to decentralized finance (DeFi), featuring a self-reinforcing “flywheel loop” that connects minting, liquidity provision, trading, lending, and staking.

The core components—Nucleus, Teahouse, OkuTrade, LendLand, and Lynx—operate in tandem. Users begin by minting bobaETH with WETH on Nucleus. BobaETH can then be deployed in Teahouse liquidity pools, creating deeper markets for exchanges on OkuTrade. Traders can acquire more BobaETH on these markets, while LendLand provides lending and borrowing services around the same asset. Lynx offers further trading options, allowing users to seek additional returns.

The “flywheel loop” describes how each service feeds into the next. Liquidity provision on Teahouse creates favorable trading conditions on OkuTrade, which in turn boosts fees for liquidity providers. LendLand’s capital efficiency model opens up opportunities to borrow or lend BobaETH, and Lynx adds a trading platform for various strategies. Any realized gains flow back into minting or staking, perpetuating a cycle that aims to amplify the ecosystem’s overall growth.

As part of the rollout, the first monthly tranches of Boba tokens are earmarked specifically for Ion/Nucleus’ WETH Staking. Additional reward programs with other partner protocols are expected to follow. These incentives are designed to encourage participation and establish a foundation for further expansion of DeFi on Boba Network.

More information about the integrated DeFi ecosystem on Boba Network, technical documentation, and partnership details are available on official channels.

About Boba Network

Boba Network is a multichain Layer 2 solution designed for scalability, low transaction costs, and enhanced developer capabilities. Through innovations such as HybridCompute™ and account abstraction, Boba Network supports diverse dApps spanning DeFi, gaming, and NFTs, aiming to bring the next wave of users into the blockchain space.

Website: https://boba.network

Twitter: @bobanetwork

LinkedIn: https://www.linkedin.com/company/bobanetwork/

July 1, 2025 – Grand Cayman, Cayman Islands

Boba Governance Foundation today announced a significant milestone with a $70 million capital commitment secured from Awaken Foundation and LDA Capital to fund the continued development and ecosystem expansion of Boba Network, the leading layer-two blockchain for AI-powered DApps (decentralized applications), enabled by its unique HybridCompute technology. The foundation also announced an agreement with FTX Recovery Trust regarding the BOBA tokens held by the trust.

The $70 million capital infusion will serve as a catalyst for Boba Network’s ambitious growth plans.

The funding will be strategically allocated to bolster the network’s core infrastructure, expand its developer ecosystem and foster the creation of innovative DApps (decentralized applications) on the platform, with a particular focus on enabling AI-powered DApps.

Alan Chiu, CEO of Enya Labs, a core contributor to Boba Network, said,

“This funding will accelerate the development of the Boba Network ecosystem, attract top-tier talent and drive the widespread adoption of Boba Network as a premier layer-two solution for AI-powered DApps.

“We are excited to collaborate with Boba Network partners to shape the future of the AI-powered, decentralized web.”

David Acutt, director of Boba Governance Foundation, said,

“This substantial capital commitment from Awaken Foundation and LDA Capital is a testament to the transformative potential of Boba Network.”

Awaken Foundation – a key advocate for decentralized infrastructure and digital sovereignty – sees Boba Network as a critical component in the next phase of Web 3.0 evolution.

Nattaphol Vimolchalao, director at Awaken Foundation, said,

“We are thrilled to support the Boba Governance Foundation in its pursuit of open innovation.

“Boba’s ability to connect smart contracts with off-chain computation – especially AI – unlocks enormous potential across industries.”

LDA Capital, known for backing high-growth tech ventures and digital asset ecosystems, echoed that sentiment.

Warren Baker, managing partner at LDA Capital, said,

“Boba Network is building essential infrastructure for the future of decentralized computation.

“We believe Boba will play a pivotal role in scaling the next generation of intelligent DApps, and we’re proud to support their mission as they push the boundaries of what’s possible in blockchain technology.”

The strategic partnership with Awaken Foundation and LDA Capital goes far beyond financial support. It represents a powerful alignment of vision, expertise and global reach.

Leveraging deep industry knowledge, business development capabilities and an extensive network of strategic partners, both firms are uniquely positioned to accelerate Boba Network’s growth.

This collaboration is set to strengthen Boba’s leadership in blockchain innovation and drive its next phase of global expansion.

In addition, LDA Capital offers differentiated value through LDA Velocity, its institutional-grade liquidity and market-making platform that supports healthy, scalable token ecosystems across global exchanges.

Key areas of investment Infrastructure enhancement – The funding will be used to strengthen Boba Network’s infrastructure, ensuring high throughput, low latency and robust security for users and developers. Ecosystem expansion – A portion of the capital will be dedicated to expanding the Boba Network ecosystem by attracting developers, projects and users through grants and educational initiatives. DApp development – The funding will support the creation of innovative DApps on Boba Network, with a strong emphasis on AI-powered DApps, ranging from DeFi (decentralized finance) protocols to RWA (real-world asset) applications. Community engagement – Boba Governance Foundation will continue to foster a vibrant and engaged community by providing resources, support and opportunities for collaboration. Resolution with FTX Recovery Trust In addition, Boba Governance Foundation has executed an agreement with FTX Recovery Trust whereby all the BOBA tokens held by the trust have been transferred to the foundation.

FTX Recovery Trust – in addition to other consideration and mutual release of claims – received the right to purchase up to approximately 29.4 million BOBA tokens from Boba Governance Foundation at $0.09 per token within the next 18 months.

Acutt added,

“This agreement represents a momentous milestone for Boba Network, as it removes a major source of uncertainty over the BOBA token and strengthens the foundation’s ability to support the continued development of Boba Network and its ecosystem.”

About Boba Governance Foundation Boba Governance Foundation is a non-profit organization dedicated to the advancement and growth of Boba Network.

It supports the development of the network’s technology, fosters community engagement and promotes the adoption of Boba Network across various industries.

Boba Network is the leading layer-two blockchain for AI-powered DApps, enabled by its unique HybridCompute technology.

About Awaken Foundation Awaken Foundation is a private investment firm founded by seasoned crypto, venture capital and public market investors.

The firm seeks to invest in established blockchain protocols to help further develop its technology.

Awaken provides strategic capital, accelerated business development and engineered exits for protocols that Awaken believes have a promising future in the modern economy.

Users can visit awakenfoundation.xyz for more info.

About LDA Capital LDA Capital is a global alternative investment group with expertise in cross-border transactions worldwide.

The team has collectively executed over 350 transactions in both the public and private middle markets across 43 countries with aggregate transaction values of over $11 billion.

LDA’s investment activities across Web 3.0 include over 27 transactions totaling more than $400 million in capital commitments.

Users can learn more at ldacap.com.

Contact Press, Boba Network

 

Grand Cayman, Cayman Islands, July 1st, 2025, Chainwire

Boba Governance Foundation today announced a significant milestone with a $70 million capital commitment secured from Awaken Foundation and LDA Capital to fund the continued development and ecosystem expansion of Boba Network, the leading Layer-2 blockchain for AI-powered decentralized applications (dApps), enabled by its unique HybridCompute technology. The Foundation also announced an agreement with FTX Recovery Trust regarding the BOBA tokens held by the Trust. 

The $70 million capital infusion will serve as a catalyst for Boba Network’s ambitious growth plans. The funding will be strategically allocated to bolster the network’s core infrastructure, expand its developer ecosystem, and foster the creation of innovative decentralized applications (dApps) on the platform, with a particular focus on enabling AI-powered dApps.

“This funding will accelerate the development of the Boba Network ecosystem, attract top-tier talent, and drive the widespread adoption of Boba Network as a premier Layer-2 solution for AI-powered dApps. We are excited to collaborate with Boba Network partners to shape the future of the AI-powered, decentralized web,” said Alan Chiu, CEO of Enya Labs, a core contributor to Boba Network.”

“This substantial capital commitment from Awaken Foundation and LDA Capital is a testament to the transformative potential of Boba Network,” said David Acutt, director of Boba Governance Foundation.

Awaken Foundation, a key advocate for decentralized infrastructure and digital sovereignty, sees Boba Network as a critical component in the next phase of Web3 evolution.

“We are thrilled to support the Boba Governance Foundation in its pursuit of open innovation,”said Nattaphol Vimolchalao, Director at Awaken Foundation. “Boba’s ability to connect smart contracts with off-chain computation—especially AI—unlocks enormous potential across industries.”

LDA Capital, known for backing high-growth tech ventures and digital asset ecosystems, echoed that sentiment.

“Boba Network is building essential infrastructure for the future of decentralized computation,” said Warren Baker, Managing Partner at LDA Capital. “We believe Boba will play a pivotal role in scaling the next generation of intelligent dApps, and we’re proud to support their mission as they push the boundaries of what’s possible in blockchain technology.”

The strategic partnership with Awaken Foundation and LDA Capital goes far beyond financial support. It represents a powerful alignment of vision, expertise, and global reach. Leveraging deep industry knowledge, business development capabilities, and an extensive network of strategic partners, both firms are uniquely positioned to accelerate Boba Network’s growth. This collaboration is set to strengthen Boba’s leadership in blockchain innovation and drive its next phase of global expansion. In addition, LDA Capital offers differentiated value through LDA Velocity, its institutional-grade liquidity and market-making platform that supports healthy, scalable token ecosystems across global exchanges.

Key Areas of Investment

Infrastructure Enhancement: The funding will be used to strengthen Boba Network’s infrastructure, ensuring high throughput, low latency, and robust security for users and developers. Ecosystem Expansion: A portion of the capital will be dedicated to expanding the Boba Network ecosystem by attracting developers, projects, and users through grants and educational initiatives. dApp Development: The funding will support the creation of innovative dApps on Boba Network, with a strong emphasis on AI-powered dApps, ranging from decentralized finance (DeFi) protocols to real-world assets (RWA) applications. Community Engagement: Boba Governance Foundation will continue to foster a vibrant and engaged community by providing resources, support, and opportunities for collaboration. Resolution with FTX Recovery Trust

In addition, Boba Governance Foundation has executed an agreement with FTX Recovery Trust whereby all the BOBA tokens held by the Trust have been transferred to the Foundation. FTX Recovery Trust, in addition to other consideration and mutual release of claims, received the right to purchase up to approximately 29.4M BOBA tokens from Boba Governance Foundation at $0.09 per token within the next 18 months.

“This agreement represents a momentous milestone for Boba Network, as it removes a major source of uncertainty over the BOBA token and strengthens the Foundation’s ability to support the continued development of Boba Network and its ecosystem,” said Acutt.

About Boba Governance Foundation

Boba Governance Foundation is a non-profit organization dedicated to the advancement and growth of Boba Network. It supports the development of the network’s technology, fosters community engagement, and promotes the adoption of Boba Network across various industries. Boba Network is the leading Layer-2 blockchain for AI-powered decentralized applications (dApps), enabled by its unique HybridCompute technology.

About Awaken Foundation

Awaken Foundation is a private investment firm founded by seasoned crypto, venture capital, and public market investors. The firm seeks to invest in established blockchain protocols to help further develop its technology. Awaken provides strategic capital, accelerated business development, and engineered exits for protocols that Awaken believes have a promising future in the modern economy.

Users can visit awakenfoundation.xyz for more info. 

About LDA Capital

LDA Capital is a global alternative investment group with expertise in cross-border transactions worldwide. The team has collectively executed over 350 transactions in both the public and private middle markets across 43 countries with aggregate transaction values of over USD $11 billion. LDA’s investment activities across Web3 include 27+ transactions totaling $400m+ in capital commitments.

Users can learn more at ldacap.com

Contactpress contact
[email protected]

This article is not intended as financial advice. Educational purposes only.

AUTHOR

Chainwire is The Leading Blockchain and Crypto Newswire and Press Release Distribution Service That Maximize Crypto News Coverage.

Table of contents

Token Terminal, a popular on-chain data and analytics platform, has partnered with Boba Network, a L2 multichain scaling platform. The partnership is aimed at improving on-chain insights and honest stakeholder reporting. As revealed by Token Terminal in an exclusive X thread, the partnership attempts to benchmark the performance of Boba Network in an accurate and fair manner while permitting fine stakeholder decision-making. Thus, the development is anticipated to bolster transparency, fortify investor confidence, and indicate the competitive status of Boba Network.

🆕📊 @bobanetwork enters into a Data Partnership with Token Terminal.

▪️ Boba Network is a high-performance EVM blockchain that combines speed, incentives, and world-class infrastructure.

▪️ The project has raised $115m in venture capital funding, and its contributors have… pic.twitter.com/W1PMEugFPt

— Token Terminal @ TOKEN2049 🇸🇬 (@tokenterminal) September 30, 2025 Token Terminal and Boba Network Partner to Enhance On-Chain Data Availability Token Terminal and Boba Network’s partnership is focused on enhancing on-chain data and analytics while also improving transparency in stakeholder reporting. In this respect, Boba Network operates as an EVM-compatible and efficient blockchain with a $115M in its venture capital. In its collaboration with Token Terminal, it is leveraging its expertise when it comes to the standardization of blockchain data and offering resilient metrics for the L2 ecosystem.

Apart from that, the Token Terminal has established a devoted data pipeline with the development of a robust node infrastructure to benefit Boba Network. The respective system allows the consistent on-chain data extraction for subsequent transformation into L2-focused usage and financial metrics. With this procedure, Token Terminal has also started listings for diverse applications operating on Boba, fortifying visibility for ecosystem projects.

Driving Blockchain Transparency and Data Supply to Build User Trust According to Token Terminal, the main objective of the partnership with Boba Network is the current data maintenance. This is very critical in a swiftly evolving multi-application and multi-chain environment. Keeping this in view, the duo plans to delve into personalized dashboards for the ecosystem specific and project-specific requirements. Overall, such endeavors will deliver thorough insights into the wider on-chain performance, financial health and consumer activity.

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.

Without any prior notice, Singaporean cryptocurrency exchange COSS announced today that it was locking down the funds of its customers—worth some $2 million—for up to a month.

The sudden move, which immediately suspended trading, deposits, and withdrawals, set off fears among community members, who feared that some kind of exit scam was afoot. 

The company, however, denied that was the case and claimed that the move was necessary to allow the exchange to implement system-wide upgrades. 

"[The exchange] has been a mess. Now we are cleaning it up and hence this decision of shutting it down for four weeks and getting clean code that's scalable, which works, and which suits the industry today,” a COSS spokesperson, who asked to remain anonymous, told Decrypt.

The COSS spokesperson said that management withheld information about today’s blackout to prevent a mass exodus of funds, even though the upgrade had been in the pipeline for months.

Indeed, the spokesperson said that they had only learned that COSS was shutting down its system three hours prior to the public announcement. 

Fear and loathingCOSS—the name stands for Crypto One Stop Solution—launched in 2017 and is officially headquartered in Singapore. It offers retail investors fiat access to more than 50 coins, including its eponymous coin, and provides a wallet and a platform for IEOs.  

The company had told some developers two days ago that they should maintain their code since a new API could launch in the coming days; it gave “no indication whatsoever” of today’s shutdown, the COSS spokesperson confirmed. “Apart from that, everyone was kept in the dark.”

Some in COSS’s community are concerned the exchange could be pulling an exit scam, where an exchange builds its business, then suddenly drains the exchange of funds and disappears forever. 

“Spoiler alert: They will rob the exchange and never open a new one,” said one Reddit user.

But the spokesperson, who said he’s stayed up all night to quell community fears, insists that the company isn’t doing anything nefarious: “We are not running away. I’m still there. We deal with everything and we stay as transparent as possible.” So far, so good: the company hasn’t drained funds from its warm wallets—at least not of Ether.

Still, the decision drew sharp criticism. “I cannot agree with their communication today and this practice. Without any warning at all they have frozen client funds for 4 weeks,” Oliver G, Product Manager at crypto exchange CoinMetro, told Decrypt. “There is no excuse or reasoning for this. I suspect they do not have the client funds available to withdraw or there is another serious problem within their organization,” he said.

The spokesperson said he doesn’t know why the team decided to move so suddenly, but thinks that a new investor, who agreed to fund the exchange last week, could be the cause: with more money on board, COSS was finally able to upgrade its outdated platform. 

A history of problemsEven after a network upgrade in December 2018, COSS lacked features that other exchanges now have as standard. “We do not a solid API, we do not have a trading engine, our UI is horrible...it’s been in need of massive improvement,” the spokesperson said.

COSS was unable to keep up with rival exchanges, which offered complex features, such as "mirrored orderbooking," as standard. It fell so far behind the competition in 2019, that the amount of money running through the exchange plummeted from around $13 million per day in March, to around $1 million per day in recent weeks, according to data from metrics site CoinGecko. 

The exchange was running out of ways to keep its customers happy without hurting its financials, said the spokesperson. Retail traders already trade without fees; the exchange pays anyone trading over $5,000 in rebates; and those holding its COSS token get 50 percent of all fees generated by the exchange. 

Some customers were also pressuring the exchange to list dubious tokens in a bid to increase liquidity. “We need to add popular coins already on larger exchanges to keep users, but we need to add coins earlier in their popularity/development cycle if we want to actually get new users/traders,” wrote user Numorlock in COSS’s Telegram group, in December. 

In Singapore, that’s a dangerous game to play. Legal fees are not cheap, and COSS wasn’t exactly flush with cash: it had already outsourced its tech team to India to cut costs, said the spokesperson.

So, when fresh money arrived, COSS made the decision to upgrade its platform as soon as possible, even if that meant alienating some of its users. “How long do you want to live with a product that is not up to the mark? You must upgrade, especially when you realize that [other exchanges] have been upgraded for a year,” said the spokesperson.

A winner during the ICO crazeCOSS raised $3.2 million in the 2017 ICO craze, but the platform was a mess when it launched in April of that year after one development team abandoned it, and another did a shoddy job, the spokesperson recalled. “Back then, you could not even log-in for hours. If the exchange entered maintenance mode, it would stay there for days. Withdrawals and deposits would not happen, and trades would get stuck halfway,” said the spokesperson. 

The spokesperson said the exchange was functional after the December 2018 upgrade, apart from a new bug that meant that, for a short while, customer balances for the platforms’ native token, also called COSS, were wiped out. COSS tokens were changed to a new smart contract as part of the migration to the new platform, but the wallet system couldn’t work out which COSS tokens interacted with the new smart contract. COSS, luckily, had backed up the files, so could work out who owned what, and returned customer funds on request.

Following today’s announcement, the spokesperson said that the team, which is predominantly Indian, has also received racial abuse following the announcements, as tensions rise around allegations of exit scams. Other members of the community are less angry: given the low level of trust in the platform, many had never put that much into the exchange to begin with, said the spokesperson.

The company’s banking on the upgrade being a success, and a driver of future liquidity into the platform. But, given the agita it seems to be causing its customers, will it be worth it?

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

An analyst has presented various scenarios through which Dogecoin could soar back to its all-time high based on a rising channel.

Over the past 24 hours, Dogecoin has attempted a recovery above the $0.161 level several times but has faced significant resistance. During this press, Dogecoin is trading at $0.1594, down 3.5% over the past day.

DOGE has also plummeted by over 7% in the past 14 days. Amid this dip, analysts are offering insights into potential future movements for Dogecoin, noting key levels and trends to watch.

Two Scenarios for Dogecoin to Rebound to $0.7

One notable analysis comes from “FuaCompany,” a TradingView account presenting a monthly DOGE chart against USDT. This chart shows DOGE moving within a rising channel, identified by two parallel lines. 

This pattern indicates that the price has been bouncing between these boundaries, reflecting higher highs and higher lows. FuaCompany highlighted two potential scenarios for Dogecoin’s future price action based on this pattern.

In the first bullish scenario, Dogecoin may continue to respect the rising channel. If the price hits the lower boundary of the channel, it could bounce back, leading to further upward movement.

The chart shows a previous instance when DOGE bounced at the lower boundary around $0.05, then surged toward the upper boundary.

Alternatively, a bearish correction before rebound is also possible. In this scenario, the price could drop sharply to the lower part of the channel, potentially falling below it to around $0.08 before recovering.

Meanwhile, despite these short-term fluctuations, both scenarios point toward a potential long-term target of $0.70. Notably, the price target would DOGE within arm’s length of reclaiming its 2021 all-time high of $0.73.

Dogecoin Price Prediction | TradingView Bullish Breakout Setup by Another Analyst Meanwhile, another analyst, Jack, shared a bullish breakout setup for Dogecoin in his commentary on TradingView. According to Jack’s analysis, Dogecoin has recently broken out of a descending channel following a strong consolidation phase.

Dogecoin Support and Resistance | TradingView Jack’s trade idea suggests entering the DOGE market at $0.16650 with three key price targets: $0.20575 and $0.23916, while the furthest target is at $0.27872.

The stop-loss is below $0.15160, while key support levels include $0.16659 and $0.15160. Another support zone can be seen around $0.13833. The setup implies a solid swing opportunity if the price maintains bullish momentum above $0.16650.

Strong Bullish Sentiment Amid Dip Further analysis by Ali Martinez sheds light on a surge in whale activity surrounding Dogecoin, a bullish signal. Martinez reported that over 800 million DOGE were purchased in a 48-hour period. 

Whales bought more than 800 million #Dogecoin $DOGE in the last 48 hours! pic.twitter.com/swQV3RYevT

— Ali (@ali_charts) April 15, 2025

This surge in whale buying could signal increased confidence in Dogecoin’s future potential. Whales tend to have significant influence on price movement due to their large transactions.

Martinez also observed that whale activity increased as Dogecoin’s price dropped to around $0.15. This surge in accumulation suggests that whales were buying the dip, potentially preparing for a price increase as the market stabilizes.

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.

Revised as of August 27, 2025

BSC News has followed BabyDoge since its earliest days on BNB Chain in 2021 — watching it evolve from a Dogecoin spinoff into today's broad multi-chain ecosystem. 
BabyDoge Coin ($BABYDOGE) has achieved what most memecoins struggle to attain: genuine utility that extends beyond mere speculation. The project combines zero-fee transactions with gaming, payments, and real estate applications while maintaining a charitable mission that has donated over $1.4 million to animal welfare organizations.

What started as another Dogecoin spinoff in June 2021 has become a multi-chain ecosystem that challenges assumptions about memecoin limitations. With over 1.9 million holders across six blockchain networks, BabyDoge demonstrates how community-driven development can create lasting value in an industry notorious for pump-and-dump schemes.

Why Should Crypto Users Care About BabyDoge?The memecoin space is littered with failed projects that promised utility but delivered only hype. BabyDoge took a different path. Instead of chasing trends, the anonymous development team built infrastructure that actually works.

Consider the numbers: 50+ exchange listings, including Kraken perpetual futures. A gaming platform with 20 million registered users. Payment integrations that enable people to spend BABYDOGE at real-world businesses. A real estate platform that tokenizes physical properties. These aren't roadmap promises—they're operational features generating real usage.

The project gained mainstream attention when Elon Musk tweeted about it in 2021, but sustained growth came from community building rather than celebrity endorsements. The "BabyDoge Army" spans 2.7 million X followers, 1.5+ million Telegram members, and 592,000 Instagram followers—engagement levels that rival established cryptocurrencies with much larger market capitalizations.

Elon Musk tweet Babydoge doo,doo,dooKey FeaturesBabyDoge operates across multiple blockchain networks through its official bridge:

Primary Network: BNB Chain (BEP-20 token)Cross-Chain Support:  Base, TON, and SolanaTransaction Fees: Zero fees for buying, selling, and transferringSupply Model: deflationary with regular token burnsMission Focus: Animal welfare and charity initiativesThe multi-chain approach prioritizes fast, low-fee networks while maintaining compatibility with major blockchain ecosystems. BabyDoge can reach users wherever they prefer to transact.

Exchange ListingsBabyDoge maintains strong liquidity across 34 centralized exchanges, including KuCoin, OKX, Bybit, and Gate.io. The project reached a significant milestone with Kraken's listing of perpetual futures, which provides leveraged trading access and institutional credibility.

On the decentralized side, BabyDoge trades on PancakeSwap, Uniswap, and BiSwap. However, the project's native BabyDogeSwap serves as the project's primary DEX. Market capitalization has consistently exceeded $200 million, reflecting sustained investor interest beyond typical memecoin cycles.

How Do BabyDoge's Economics Create Value?Most memecoins either inflate indefinitely or maintain a static supply. BabyDoge chose deflation—and the results speak volumes. Starting with 420 quadrillion tokens, over half have been permanently destroyed through systematic burn campaigns.

This isn't just supply reduction for its own sake. Each burn event signals ecosystem activity: transactions processed, community engagement, and platform usage. When 1 quadrillion tokens, worth $2.6 million, are burned in a single event, it demonstrates genuine economic momentum rather than artificial scarcity.

Supply Reduction MechanicsCurrent tokenomics show the deflation strategy's impact:

Initial Supply: 420 quadrillion tokensTokens Burned: Over 217 quadrillion (51% of initial supply)Current Total Supply: 202.61 quadrillion tokensCirculating Supply: Approximately 168.22 quadrillion tokensMajor burn events include the March 2023 destruction of 1 quadrillion tokens, valued at $2.6 million, and the April 2025 burn of 11.14 trillion tokens, worth $14,919.88. Community-driven initiatives, such as "1 like = $1 BABYDOGE burned" campaigns and the “burn Portal,” create ongoing supply pressure.  

Fee Structure EvolutionThe project initially charged a 10% transaction fee—half for holder rewards and half for liquidity and burns. But in May 2024, the community voted to eliminate all fees through DAO governance. This decision prioritized accessibility over passive income, signaling a shift toward utility-driven growth rather than speculative holding rewards.

Zero fees matter in practical terms. Users can transfer any amount without transaction costs. Merchants can accept payments without fee calculations. Gaming platforms can process micro-transactions without friction. Positioning BABYDOGE for real-world usage rather than just trading speculation.

Burn MechanismsToken burns continue through multiple channels. Manual events see large-scale burns announced by the team. Automated systems are built into ecosystem applications. The community can participate through a burn portal on BabyDogeSwap. Significant portions get sent to BNB Chain's burn address.

The deflationary approach contrasts sharply with Dogecoin's model, which maintains an inflationary supply; BabyDoge's supply only decreases—potentially supporting price appreciation through scarcity. This contrasts with Bitcoin's capped supply model and Dogecoin's unlimited inflation.

What Makes BabyDoge's Ecosystem Actually Work?Building utility in crypto is more complicated than most projects realize. Users need reasons to engage beyond price speculation. BabyDoge solved this through diversification across multiple high-engagement verticals.

Trading InfrastructureBabyDogeSwap exemplifies this approach. Rather than relying on third-party DEXs, the project built its own exchange on the BNB Chain network. Users can trade tokens with zero BABYDOGE transaction costs, participate in yield farming, stake for ecosystem rewards, and directly contribute to token burns through an integrated portal.

The technical development continues to advance. V2 and V4 pool routing systems are currently in quality assurance, with design improvements based on community feedback. Major aggregator integrations are in progress. The user interface has recently undergone a facelift, and with the integration of the Algebra DEX engine, trading becomes even smoother.

New look for BabyDogeSwap with integration of Algebra (BabyDogeSwap)Gaming PlatformGaming serves as another strategic pillar. The MissionPawsible Telegram mini-app game (recently rebranded from PAWS) has attracted over 15 million players in its beta phase, with 1.5 million joining within 24 hours of launch. This viral adoption demonstrates genuine engagement rather than paid user acquisition.

The project's Token Generation Event (TGE) for the $MISSION token — on August 29, 2025,  with KuCoin confirmed as the first major exchange to list it. Airdrop rewards for eligible players were determined through snapshots completed on August 20 and 25. MissionPawsible is a mobile GameFi platform integrated into Telegram, offering city-builder gameplay with Web3 economy elements, powered by $MISSION tokens.

Memecoin Creation PlatformPuppy.fun launched in 2024 as BabyDoge's answer to memecoin creation platforms, BNB Chain's version of Solana's Pump.fun. The platform makes launching memecoins simple—no coding skills or whitepapers required.

Launch MechanicsThe creation process streamlines token deployment through user-friendly interfaces:

Simple Setup: Users input basic details like token name, symbol, and imageLiquidity Protection: Automatic locking on DEXs like BabyDogeSwap and PancakeSwap prevents rug pullsCreator Rewards: Token creators earn "Gems" as incentive rewardsMigration System: Automatic DEX listing when tokens reach 22 BNB liquidity (~$60,000 market cap)Community Integration: New tokens gain instant access to the established BabyDoge ecosystem supportEcosystem ImpactThe integration with BabyDoge's existing ecosystem gives new tokens instant access to established community support. Additional launchpad features include GASPUMP, which provides gas-free solutions with community events and airdrops. Recent activity includes BabyDoge adding liquidity to BabyBroccoli, a Puppy.fun project, using 95 million tokens and $75,000 in BNB.

Can Memecoins Actually Facilitate Real Commerce?The gap between crypto promises and real-world adoption remains vast for most projects. BabyDoge addresses this through a comprehensive payment infrastructure that bypasses common friction points.

Payment Processing IntegrationMultiple payment processors enable direct BABYDOGE spending without conversion hassles:

NOWPayments: Business payment acceptance and donation processing.FCF Pay: Virtual Visa/Mastercard prepaid cards funded with BABYDOGE.UQuid: Bill payments and gift card purchases.CoinPayments: E-commerce integration for Shopify, WooCommerce, and Magento.Onramper: Fiat on-ramp services for easy token acquisition.The real innovation lies in removing conversion friction. Traditional crypto payments require users to: hold crypto → convert to stablecoin → convert to fiat → spend. BabyDoge's integrations enable: hold BABYDOGE → spend directly. This elimination of intermediate steps addresses one of cryptocurrency's biggest adoption barriers.

Real Estate TokenizationThe real estate platform pushes boundaries further. BabyDoge Properties allows users to invest in tokenized physical properties, making it the first memecoin to bridge digital assets with real-world assets (RWA).

The RWA integration is significant because it provides tangible asset backing for digital tokens. Instead of purely speculative value, BABYDOGE holders can participate in real estate appreciation and rental income through tokenized ownership structures.

Why Does Charitable Impact Matter for Cryptocurrency Projects?Most crypto projects claim social responsibility but deliver little beyond marketing campaigns. BabyDoge's charitable work shows a genuine impact that creates emotional investment beyond financial speculation.

Over $1.4 million donated to animal rescue organizations isn't just philanthropy—it's community building through shared values. Donations to The Humane Society of the United States, North Shore Animal League America, and Best Friends Animal Society (which received $100,000 directly) establish credibility with mainstream charitable organizations.

The world record for the largest pet food donation within 24 hours—81,000 pounds to animal welfare causes—demonstrates coordination capabilities that extend beyond digital transactions. This achievement is verified by Guinness World Records. Community members vote on charitable recipients through DAO governance, ensuring democratic participation rather than top-down allocation decisions.

This approach creates resilience during market downturns. When holders connect emotionally with the project's mission, they're more likely to maintain positions through volatility. It transforms investment psychology from pure speculation to value-based participation.

BabyDoge charity donationsHow Does Multi-Chain Strategy Address Crypto's Fragmentation Problem?Blockchain maximalists often argue for single-network dominance, but users demand flexibility. BabyDoge's multi-chain approach acknowledges the fragmented reality of crypto while maintaining operational coherence.

Network InfrastructureOfficial bridges connect six major blockchain ecosystems, each serving specific user needs:

BNB Chain: Primary network with full ecosystem supportBase: Coinbase ecosystem integration and layer-2 scaling benefitsTON: Direct Telegram connectivity for social featuresSolana: Ultra-fast blockchain for DeFi, NFTs, and GamingThis isn't random expansion—each network addresses specific user preferences and use cases while maintaining unified functionality across chains.

Security FrameworkSecurity remains paramount through professional Certik audits and transparent development practices. Multi-year operational history without major security incidents builds institutional confidence while DAO governance ensures community input on critical decisions.

The technical infrastructure supports this complexity through coordinated development across chains. Cross-chain bridges maintain liquidity while preserving security standards. Users can choose their preferred network without sacrificing ecosystem access or functionality.

Follower counts mean little without engagement quality. BabyDoge's community metrics reveal genuine participation, rather than inflated numbers resulting from bot networks or paid promotions.

Social Media PresenceThe "BabyDoge Army" demonstrates authentic engagement across major platforms:

X (Twitter): 2.7 million followers participating in governance discussionsTelegram: 1.5 million members coordinating burn campaigns and charitable initiativesInstagram: 592,000 followers engaging with visual content and updatesToken Holders: Over 1.9 million addresses with actual financial commitmentThese holders participate in DAO governance votes that affect project direction, including the significant decision to eliminate transaction fees entirely.

Community ActivitiesCommunity engagement extends beyond typical crypto participation through multiple interactive channels:

DAO Governance: Voting on fee structures and development priorities that shape project directionBurn Campaigns: Direct community participation in supply reduction through coordinated eventsMissionPawsible Gaming: Interactive Telegram mini-app with over 15 million players and the upcoming $MISSION token integrationCharitable Selection: Democratic philanthropy through blockchain governance for animal welfare recipientsSocial Challenges: Viral marketing initiatives that drive organic growthThis engagement level creates network effects that sustain projects through market cycles. When community members have multiple touchpoints—such as gaming, governance, charity, and trading—they're less likely to abandon the ecosystem during price downturns.

ConclusionBabyDoge's evolution from Dogecoin derivative to multi-faceted ecosystem demonstrates that memecoins can build lasting value through practical utility rather than pure speculation.

The metrics tell the story: 1.9 million token holders, 20 million registered players (per BabyDoge stats), $1.4 million in charitable donations, and institutional recognition through Kraken's listing of perpetual futures. These achievements stem from prioritizing working applications over roadmap promises and organic community building over paid marketing.

What distinguishes BabyDoge is its rejection of common industry patterns. Zero-fee transactions, gaming engagement, charitable impact, and real-world asset integration create multiple value drivers that extend beyond token price movements.

For an industry often criticized for empty promises, BabyDoge offers a template for sustainable memecoin development that delivers measurable utility and genuine community impact.

Visit the official BabyDoge website and follow @BabyDogeCoin on X for the latest updates.

Recent BabyDoge Coverage:BabyDoge Release October Recap: Coinbase Listing, Perps Rise, and MoreBabyDoge Recent Updates: eSIM, Perpetuals, and MoreBabyDoge Perpetuals Goes Live on BNB ChainBabyDoge Celebrates 4th Anniversary: A Look at its Major AchievementsBabyDoge PAWS: Telegram Clicker Game From a Meme OGSources:

BabyDoge Official WebsiteBabyDogeSwap Documentation and FeaturesCertik Security Audit ReportsNOWPayments Integration DocumentationGuinness World Records Pet Food DonationKuCoin MISSION Token Listing Announcement@BabyDogeCoin Official Updates@PAWSBabyDoge Official UpdatesBscScan holder countCoinMarketCap market data

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