The Open Network community has officially approved the renaming of Toncoin [TON] to Gram [GRAM], reviving the original token identity tied to Telegram’s abandoned blockchain ambitions.
According to the finalized governance proposal, 81.22% of participating voting power supported the change during a community vote that concluded on June 8.
The rename takes effect at 12:00 UTC on June 15, 2026.
Under the proposal:
the blockchain itself will remain The Open Network [TON], while the native token’s name, ticker, and logo will change from Toncoin [TON] to Gram [GRAM]. The proposal also stressed that no migration, token swap, bridge, or contract redeployment is required.
“There is no swap, bridge, claim, or migration,” the document stated.
Telegram’s influence over TON continues expanding The rename arrives alongside a broader strategic shift that increasingly places Telegram at the center of TON’s development roadmap.
The proposal states that Telegram is becoming “the primary driving force behind TON” and is now the network’s largest validator.
The document ties Telegram’s growing role to recent network upgrades that reportedly:
increased transaction throughput tenfold, reduced fees roughly six times, and improved finality times to sub-second speeds. Telegram founder Pavel Durov has recently framed the ecosystem’s direction around technical performance and protocol-level infrastructure improvements rather than purely community governance.
The proposal also described the rename as part of the “MTONGA” initiative, short for “Make TON Great Again.”
Gram branding reconnects TON to Telegram’s original vision The return of the Gram branding carries historical significance for the TON ecosystem.
Telegram originally developed the Telegram Open Network and planned to launch Gram as its native token before the project was halted following regulatory action by the U.S. Securities and Exchange Commission in 2020.
After the SEC case, the independent TON community continued developing the blockchain separately under The Open Network branding.
The proposal notes that “Gram” was the token name used in the original TON White Paper and has remained embedded within parts of the network’s core codebase.
Exchanges begin coordinated rollout The rollout will occur in phases from June 9 to June 22, with exchanges, wallets, explorers, and ecosystem applications expected to update trading pairs, interfaces, and ticker displays during that period.
Projects are also being encouraged to temporarily display the asset as “Gram [prev. Toncoin]” during a three-month transition window to reduce confusion among users.
The TON ecosystem additionally warned users that any service claiming users must “convert TON to GRAM” or “claim GRAM” is fraudulent.
Final Summary The TON community approved renaming Toncoin (TON) to Gram (GRAM), with the change taking effect on June 15. The proposal also highlighted Telegram’s expanding role as TON’s largest validator and primary development force.
Pavel Durov has unveiled a fully native Telegram app for Apple Watch, expanding the platform’s hardware footprint. The governance vote to rename Toncoin (TON) to GRAM cleared with 81.22% support, with the rebrand taking effect on June 15.
The blockchain retains the TON name. Holders need not swap, bridge, or claim anything. Balances, smart contracts, NFTs, staking, and decentralized finance (DeFi) positions carry over automatically.
GRAM Rebrand Revives Telegram’s 2018 VisionThe GRAM name originated in Telegram’s 2018 whitepaper, before the SEC forced the project to halt and refund $1.7 billion to investors.
The community rebuilt the chain independently as Toncoin under the TON Foundation. Durov’s rebrand returns the token to its intended identity.
The rename is step four of the Make TON Great Again (MTONGA) roadmap. Earlier milestones included Catchain 2.0, which delivered sub-second transaction finality, and a sixfold fee reduction to near-zero. Telegram also took over as TON’s largest validator earlier this year.
Toncoin Price Dropped Nearly 30% Over the Past Month. Source: CoinGeckoToncoin (TON) traded at $1.66 at the time of writing, down 7.14% over the prior 24 hours. The asset holds a market cap of $4.43 billion. The coin surged sharply after Durov’s May takeover announcements, only to pare some of those gains heading into the rebrand.
Full consistency across exchanges and ecosystem projects is expected by June 22. The three-week GRAM transition requires no technical changes to wallets, contracts, or protocols.
Apple Watch App Extends Telegram to a New Device CategoryDurov announced the native Apple Watch app on X, restoring wearable support after Telegram discontinued its earlier watchOS presence years ago. The app covers messaging, voice notes, GIFs, video playback, stickers, and location sharing from the wrist.
The two moves frame a deliberate strategy. The GRAM rebrand sharpens the crypto identity of Telegram’s ecosystem, while the Apple Watch launch extends the platform into consumer hardware.
Telegram’s roughly one billion users give TON’s user expansion plans one of the broadest potential footprints in the industry.
The remaining three MTONGA steps stay undisclosed, but the pairing of a product launch with a network identity reset signals Durov is advancing the ecosystem on multiple fronts ahead of June 22.
Dogecoin remains suppressed, following one of its biggest drops in recent weeks. The top meme cryptocurrency is currently trading close to $0.085 after losing a significant technical support level. This has investors wondering if the recent selloff has finally reached its limit, or if another leg lower is still possible.
The most recent correction caused DOGE to fall below a number of significant moving averages, including its medium-term and short-term trend indicators. More significantly, a rising support line that had been directing price movement since February was broken by the asset. Such a breakdown frequently indicates that buyers have momentarily lost control and that the market structure is deteriorating.
DOGE/USDT Chart by TradingViewSome indications of stabilization are starting to show despite the weakness. Following a sharp drop, DOGE was able to find support in the $0.08 area, where buyers intervened to slow the selling momentum. During the decline, trading volume significantly increased, suggesting a wave of weaker holders capitulating. These panic selling episodes have historically occasionally indicated the later phases of a correction, though there is currently insufficient proof.
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Additionally, momentum indicators indicate that DOGE is getting close to oversold territory. The Relative Strength Index (RSI) has nearly returned to its pre-short-term rebound levels. But oversold conditions by themselves do not ensure a reversal, particularly if the overall trend is still negative.
Bulls need to reclaim the $0.10 region in order for DOGE to regain bullish momentum. Following the recent breakdown, that zone now serves as a significant resistance level and aligns with multiple moving averages that may draw sellers. The technical outlook would be greatly enhanced, and a broader recovery would be possible with a successful move above it.
Shiba Inu trend under controlAs the meme coin industry tries to regain momentum after the most recent market correction, Shiba Inu is still under pressure. In recent weeks, SHIB has significantly decreased, but sellers are still in control of the overall trend.
The asset is still trading below a number of significant technical levels, which is indicative of diminished investor confidence and less speculative activity. Despite sporadic attempts at recovery, buyers have not yet created enough momentum to create a long-lasting uptrend.
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It appears that SHIB is getting close to a critical stage based on recent price action. The next big move may depend on how well support levels hold up, which are currently being tested. The token may enter a consolidation phase and lay the groundwork for a more robust recovery in the future if buyers are successful in defending these zones.
SHIB/USDT Chart by TradingViewAccording to momentum indicators, selling pressure has decreased in comparison to the decline's most aggressive phases. They do not, however, yet point to a clear bullish reversal. Because of this, traders continue to concentrate on whether SHIB can recover adjacent resistance levels and draw in new demand.
It's likely that volatility will stay high in the near future. Shiba Inu's long-term prospects are still largely dependent on market sentiment and risk tolerance, but support preservation is still the primary priority right now. While another breakdown would raise the likelihood of further downside pressure, a successful defense could significantly improve the technical picture.
Toncoin becoming healthierDespite the recent volatility in the cryptocurrency market, Toncoin (TON) is exhibiting significantly greater resilience than many large-cap altcoins. TON has stabilized close to a crucial support area following a dramatic decline from its May highs, and it is currently working to restore its bullish momentum.
Toncoin is still trading around its long-term moving averages, in contrast to a number of major cryptocurrencies that have completely collapsed. This distinction is significant because it implies that, despite a decline in short-term sentiment, the larger market structure is still intact. TON was driven toward the $1.50–$1.55 range by the recent selloff, but buyers soon returned and stopped a further decline.
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The recovery has not been easy. Price action is still erratic, and there has been opposition to repeated attempts to recover higher levels. Nevertheless, TON continues to hold above the most important support zones that define its medium-term outlook. This provides bulls with a chance to progressively take back control if buying pressure keeps getting better.
The momentum indicators' behavior is one positive indication. The Relative Strength Index (RSI) is currently hovering close to neutral territory after recovering from oversold conditions. This implies that, in contrast to the panic that accompanied the initial decline, selling pressure has considerably decreased.
Toncoin's next obstacle is in the $1.75–$1.85 range. This area has a number of technical barriers and moving averages that served as support before becoming resistance. A successful breakout above that range would probably pique traders' interest once more and increase the likelihood of a move toward the psychologically significant $2 level.
Ethereum bears lose controlAfter weeks of intense selling pressure that pushed the second-largest cryptocurrency well below its recent highs, Ethereum is beginning to stabilize. ETH has begun to exhibit traits frequently linked to a possible recovery phase, even though the larger market is still cautious.
Ethereum's ability to stay above recent lows, in spite of ongoing volatility in the cryptocurrency space, is one of the most noteworthy developments. Buyers have frequently intervened in close proximity to crucial support zones, averting a more severe collapse and indicating that demand is starting to rebound. The panic-driven selling observed earlier in the correction stands in contrast to this behavior.
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Additionally, technical indicators are getting better. After reaching oversold conditions, momentum has stabilized, and Ethereum is working to create a higher low, which frequently forms the basis for trend reversals. The change implies that bearish pressure might be waning, though confirmation is still required.
Regaining significant resistance levels above will be ETH's next challenge. A successful increase in price could boost the mood of the market and draw more investment into the asset. But until Ethereum demonstrates that it can maintain its upward momentum, traders should exercise caution.
For the time being, Ethereum seems to be moving from an aggressive selling phase to a consolidation phase. In the upcoming weeks, broader market conditions will probably determine whether this is just a brief pause or the start of a more significant recovery.
This is a general announcement and marketing communication. Products and services referred to here may not be available in your region. Fellow Binancians, Binance will support the Toncoin (TON) rebranding to Gram (GRAM). General TradingAt 2026-06-30 03:00 (UTC), Binance will remove all existing TON spot trading pairs (i.e.,TON/FDUSD, TON/IDR, TON/TRY, TON/U, TON/USD1, TON/USDC and TON/USDT) and cancel all pending TON spot trading orders.At 2026-07-02 08:00 (UTC), Binance will open trading for the GRAM/FDUSD, GRAM/IDR, GRAM/TRY, GRAM/U, GRAM/USD1, GRAM/USDC and GRAM/USDT trading pairs.Deposits and WithdrawalsAt 2026-06-30 03:30 (UTC), deposits and withdrawals of TON tokens will be suspended. Users should ensure they leave sufficient time for their TON token deposits to be fully processed prior to this time. Deposits and withdrawals of GRAM tokens will open at 2026-07-02 07:00 (UTC).After the event is complete, deposits and withdrawals of TON tokens will no longer be supported.Binance will handle all technical requirements for users who are involved in this event.Users may refer to the announcement from the project team for more information. Rebranding Details TON tokens will assume the ticker of GRAM tokens on Binance. All TON tokens will be swapped to GRAM at a ratio of 1 TON = 1 GRAM. Spot Binance Spot Copy Trading will remove the aforementioned spot trading pairs on 2026-06-26 03:00 (UTC). After this time, any outstanding assets will be force-sold at market price or moved to the Spot Account if the amount is unsellable. Users are strongly advised to update or cancel their Spot Copy Trading portfolios prior to Binance Spot Copy Trading delisting time to avoid potential losses.At 2026-06-30 03:00 (UTC), Binance will remove and cease trading on all Spot trading pairs for TON. The exact trading pairs being removed are: TON/FDUSD, TON/IDR, TON/TRY, TON/U, TON/USD1, TON/USDC and TON/USDT. All trade orders will be automatically removed after trading ceases in each respective trading pair.Binance will remove Trading Bots services for the aforementioned Spot trading pairs where applicable. Users are strongly advised to update and/or cancel their Trading Bots prior to the cessation of Trading Bots services to avoid any potential losses.Binance will open trading for the GRAM/FDUSD, GRAM/IDR, GRAM/TRY, GRAM/U, GRAM/USD1, GRAM/USDC and GRAM/USDT trading pairs at 2026-07-02 08:00 (UTC). Futures Binance Futures will close all positions and conduct an automatic settlement on the TONUSDT USDⓈ-M Perpetual Contracts at 2026-06-23 09:00 (UTC). The contract will be removed after the settlement is complete. Users are advised to close any open positions prior to the settlement time to avoid automatic settlement. Users are not allowed to open new orders for the aforementioned contract(s) starting from 2026-06-23 08:30 (UTC). During the final hour proceeding the scheduled settlement time of a futures contract, the Futures Insurance Fund will not be utilised to support the liquidation process in respect of that futures contract. Any such liquidation triggered during the final hour will be executed as a single Immediate or Cancel order (“IOCO”), which will be offloaded into the market in one attempt. If, following the execution of the IOCO, the assets remaining available in the user's account are sufficient to meet the required Maintenance Margin (after accounting for realized losses and any applicable Liquidation Clearance Fee), the liquidation will cease. If the IOCO fails to fully reduce the position to a level that satisfies the Margin Maintenance requirements, any unfilled portion of the position will be resolved through the Auto-Deleveraging (ADL) process. Users are strongly advised to actively monitor and manage open positions during the final hour, as this period may be subject to heightened volatility and reduced liquidity.In order to protect users and prevent potential risks in extremely volatile market conditions, Binance Futures may undertake additional protective measures toward the TONUSDT USDⓈ-M Perpetual Contracts without further announcements, including but not limited to adjusting the maximum leverage value, position value, and maintenance margin in each margin tier, updating funding rates, such as the interest rate, premium and capped funding rate, changing the constituents of the price index, and using the Last Price Protected mechanism to update the Mark Price. A separate announcement will be made for relisting.At 2026-06-23 09:00 (UTC), Binance Funding Rate Arbitrage Bot will close all arbitrage strategies and conduct an automatic settlement on the TONUSDT symbol(s). Margin At 2026-06-15 06:00 (UTC),Binance Margin will suspend Cross Margin and Isolated Margin borrowings on the aforementioned pair(s).At 2026-06-23 10:00 (UTC) (Margin Scheduled Removal Time),Binance Margin will remove TON from Cross and Isolated Margin. The cross and isolated margin pair(s) of the aforementioned token(s) will be removed from Margin. Effective immediately, users will no longer be able to transfer any amount of the aforementioned token(s) via manual transfers and Auto-Transfer Mode for Cross and Isolated Margin into their Margin Accounts. If users hold outstanding liabilities of said token(s), these users may only manually transfer up to the amount of liabilities of that token(s) into their Margin Accounts, less any collateral already available.At the Margin Scheduled Removal Time, Binance Margin will close users’ positions, conduct an automatic settlement, and cancel all pending orders on the aforementioned Isolated Margin pair(s), which will then be removed from Isolated Margin.At the Margin Scheduled Removal Time, if users hold both collateral and liabilities of the aforementioned token(s) on Cross Margin, the collateral will be used to repay the respective liabilities. If there are remaining collateral or liabilities of the aforementioned token(s), one of two options below will occur:If users only hold the aforementioned token(s) in the form of collateral: If the Collateral Margin Level (CML) is above 2, the aforementioned token(s) will be transferred to users’ Spot Accounts, up to the point when the CML reaches 2. The remaining tokens in their Cross Margin Accounts that are to be removed will then be fully sold. If the CML is below 2, the remaining token(s) in users’ Cross Margin Accounts that are to be removed will be fully sold. If users only hold the aforementioned token(s) in the form of liabilities:If CML is at or above 2, pending orders will not be affected. If the CML is below 2, all pending orders in their Cross Margin Accounts will be canceled. The system will then sell other collateral tokens to buy and fully repay the aforementioned token(s)’ liabilities.Please note that users will not be able to update their positions during the removal process, which may take approximately 3 hours. Users are strongly advised to close their positions and/or transfer their assets from Margin Accounts to Spot Accounts prior to the cessation of margin trading. Binance will not be responsible for any potential losses.A separate announcement will be made for relisting. Portfolio Margin If the aforementioned token(s) remain in the Portfolio Margin Account after the Margin Scheduled Removal Time, they will be automatically liquidated. The removal margin assets will be sold for USDT, and the proceeds will be added to the user's Portfolio Margin balance. Binance is not liable for any losses incurred.Portfolio Margin users are advised to transfer the aforementioned token(s) out of their Margin Accounts to their Spot Accounts and to top up their margin balance before the Margin Scheduled Removal Time where applicable. Users should monitor the Unified Maintenance Margin Ratio (uniMMR) closely to avoid any potential liquidation that may result from the removal of the aforementioned token(s) from the Margin Account. Please Note: For futures perpetual contracts, please refer to the relevant Futures announcements. Refer to this FAQ for more information on how any remaining balances of the aforementioned token(s) in Portfolio Margin users’ Margin Accounts will be treated. Loans At 2026-06-23 07:00 (UTC), Binance Loans (Flexible Rates) and VIP Loan will close all outstanding loan positions for TON (both loanable tokens and collateral tokens will be closed). Users are strongly advised to repay their outstanding TON loans before this time to avoid any potential losses. Please refer to the Binance Loans (Flexible Rates) and VIP Loan FAQs for more information. More details are also available in the Binance Loans and VIP Loan Terms and Conditions. Simple Earn From 2026-06-26 08:00 (UTC),Binance Simple Earn will cease support for TON Simple Earn Flexible and Locked Products. Subscriptions will no longer be available. All remaining TON Flexible and Locked Products positions, together with any accrued rewards, will be automatically redeemed to users’ Spot Accounts. Users can choose to redeem their assets from TON Simple Earn Flexible and Locked Products anytime beforehand without deduction of any accrued rewards. After 2026-07-02 08:00 (UTC), Binance Simple Earn will resubscribe the converted GRAM assets for Flexible and Locked Products for impacted users, according to the above swap ratio.If there were any changes in the user's TON balance after the redemption, the resubscription will be conducted based on the user’s previous asset allocation ratio between Flexible and Locked Products with different durations with the remaining GRAM balance.Example: The user has 30 TON in 15-Day Locked Products, 20 TON in 30-Day Locked Products, and 50 TON in Flexible Products.If the user’s total TON balance changes from 100 to 50 before the resubscription, the resubscription amount will be: 15 GRAM in 15-Day Locked Products, 10 GRAM in 30-Day Locked Products, 25 GRAM in Flexible Products.About Locked Products PositionsRewards will be distributed to the user’s Spot Account the day after accrual starts on the new subscriptions (two days after subscription).The duration of the Locked Products will be reset with the new subscription. For example, a TON 30-Day Locked Products position with 7 days till expiry will be reset to 30 days till expiry for the new GRAM 30-Day Locked Products position.After the resubscription, users can redeem the GRAM Locked Products positions before 2026-09-01 08:00 (UTC) without deduction of any accrued rewards. Dual Investment From 2026-06-15 08:00 (UTC), Binance Dual Investment will cease support for TON-related Dual Investment products, and users will no longer be able to subscribe to these products.Unsettled subscriptions TON-related Dual Investment positions will be automatically settled in the new token (GRAM) upon expiry. Relevant Auto-Compound plans will also continue using the new token GRAM. Users may disable their Auto-Compound plan via the Earn Wallet before 07:30 (UTC) on the Settlement Date.After the token swap is completed at 2026-07-02 08:00 (UTC), Binance Dual Investment will offer corresponding Dual Investment products for the new token GRAM. All other features remain unaffected. Binance Pay At 2026-06-26 08:00 (UTC), Binance will remove TON from the list of supported cryptocurrencies on Binance Pay. Gift Card At 2026-06-30 03:00 (UTC),Binance will no longer support the creation of TON Gift Cards. Users may proceed to redeem any unredeemed TON Gift Cards for TON tokens before this time. Convert Binance Convert will remove TON and all associated pairs at 2026-06-30 02:00 (UTC). Convert Low-Value Assets Convert Low-Value Assets will remove TON at 2026-06-29 02:00 (UTC). Users may choose to convert the low-value assets beforehand. Buy & Sell Crypto At 2026-06-22 03:00 (UTC), Buy & Sell Crypto will remove TON and all associated pairs. Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2026-06-12 Disclaimers: USDC is an e-money token issued by Circle Internet Financial Europe SAS (https://www.circle.com/). USDC’s whitepaper is available here. You may contact Circle using the following contact information: +33(1)59000130 and [email protected]. Holders of USDC have a legal claim against Circle SAS as the EU issuer of USDC. These holders are entitled to request redemption of their USDC from Circle SAS. Such redemption will be made at any time and at par value.
PANews reported on June 12 that, according to an official announcement, Binance will support the rebranding of Toncoin (TON) as Gram (GRAM). Binance will cease trading and remove all existing TON spot trading pairs (TON/FDUSD, TON/IDR, TON/TRY, TON/U, TON/USD1, TON/USDC, and TON/USDT) at 11:00 AM (UTC+8) on June 30, 2026, and will automatically cancel all pending orders.
Meanwhile, Binance will suspend TON token deposits and withdrawals at 11:30 AM (UTC+8) on June 30, 2026. TON tokens deposited after this time will not be credited to your account. Binance will reopen GRAM token deposits at 3:00 PM (UTC+8) on July 2, 2026, and will open spot trading for GRAM/FDUSD, GRAM/IDR, GRAM/TRY, GRAM/U, GRAM/USD1, GRAM/USDC, and GRAM/USDT at 4:00 PM (UTC+8) on the same day. After the token swap and rebranding are completed, Binance will no longer support TON token deposits and withdrawals.
Top 1 On-Chain Liquidation: ETH Bull Whale Hit With 4 Consecutive Forced Liquidations, $14.11 Million in Positions Liquidated
According to Hyperinsight monitoring, today’s largest liquidation on the Hyperliquid platform involved a high-leverage Ethereum (ETH) long whale. The address opened a long position yesterday when ETH was trading at roughly $1,661, and immediately incurred losses after entry. Triggered by ETH’s short-term dip below $1,600 in the early hours of today, the whale faced four consecutive liquidations, resulting in the forced closure of a total of 8,734 ETH positions valued at approximately $14.11 million. The address now holds less than $150,000 in remaining funds, with all positions fully cleared. Address: 0x1cb0b187c14a8c0fb36ca0dcbb775dcc7f02b408
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Binance, one of the world’s largest cryptocurrency exchanges, has announced its support for Toncoin’s rebranding. According to the announcement, Toncoin (TON) will officially begin trading under the name Gram (GRAM) in the coming weeks, and all TON transactions on Binance will be converted to the new token.
According to the schedule published by the exchange, all existing TON spot trading pairs will be removed from the platform on June 30, 2026, at 06:00. This includes the TON/FDUSD, TON/IDR, TON/TRY, TON/U, TON/USD1, TON/USDC, and TON/USDT pairs, which will cease trading. Simultaneously, all open TON orders will be automatically cancelled.
Deposit and withdrawal processes will also be temporarily changed. Binance will suspend deposits and withdrawals for TON tokens as of June 30th at 06:30 AM. Users are advised to allow sufficient time for any transfers they make before this date to be fully confirmed by the network.
Following the completion of the rebranding process, deposits and withdrawals for the new token, Gram, will open on July 2, 2026, at 10:00 AM. One hour later, at 11:00 AM, trading will begin on the following trading pairs: GRAM/FDUSD, GRAM/IDR, GRAM/TRY, GRAM/U, GRAM/USD1, GRAM/USDC, and GRAM/USDT.
Binance stated that users participating in the conversion process do not need to perform any technical actions. The exchange indicated that all technical requirements related to the token exchange will be automatically handled by their systems. Once the process is complete, support for depositing and withdrawing TON tokens will completely cease.
Toncoin is known as the native entity of the TON ecosystem, which is a continuation of the blockchain initiative initially developed by Telegram. The rebranding is considered to have been carried out in line with the project’s new strategic goals and ecosystem vision.
*This is not investment advice.
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Binance will support the rebranding of Toncoin to Gram, moving the exchange’s TON markets to the GRAM ticker through a staged process ending in early July.
Summary
Binance will swap TON to GRAM at 1:1 while removing old spot pairs in stages. TON futures, margin, loans, earn, convert and pay services face separate June removal deadlines too. Toncoin traded near $1.71 as the Gram rebrand kept Telegram-linked market attention active this week. Binance said it will support the Toncoin rebrand to Gram and handle the technical process for affected users. The exchange will swap TON tokens to GRAM at a ratio of 1 TON to 1 GRAM.
“Binance will handle all technical requirements for users who are involved in this event,” Binance said in its announcement.
The change means users holding TON on Binance do not need to manually complete the swap. The exchange will move eligible balances to the new GRAM ticker after the rebrand process is completed.
Binance old TON pairs will close Binance will remove all TON spot trading pairs at 03:00 UTC on June 30. The affected pairs include TON/FDUSD, TON/IDR, TON/TRY, TON/U, TON/USD1, TON/USDC, and TON/USDT.
All pending TON spot orders will be canceled when trading stops. Binance will then open GRAM/FDUSD, GRAM/IDR, GRAM/TRY, GRAM/U, GRAM/USD1, GRAM/USDC, and GRAM/USDT at 08:00 UTC on July 2.
Deposits and withdrawals of TON will be suspended at 03:30 UTC on June 30. GRAM deposits and withdrawals will open at 07:00 UTC on July 2, one hour before spot trading begins.
After the process ends, Binance said it will no longer support deposits and withdrawals of TON tokens. Users who move TON to Binance close to the deadline must leave enough time for deposits to process.
Futures and other products face deadlines Binance Futures will close all TONUSDT USD-M perpetual positions and settle the contract at 09:00 UTC on June 23. Users will not be able to open new orders from 08:30 UTC on that date.
The exchange also warned futures users to monitor open positions during the final hour. Binance said reduced liquidity and market volatility may affect settlement conditions before the contract is removed.
Margin, loans, Simple Earn, Dual Investment, Pay, Gift Card, Convert, and Buy & Sell Crypto services will also face separate deadlines. Binance Margin will remove TON from cross and isolated margin on June 23.
TON Simple Earn products will stop accepting support from June 26. Remaining positions will be redeemed to users’ spot accounts, then resubscribed as GRAM products after the swap where applicable.
Gram rebrand follows Telegram push The rebrand returns Toncoin to the Gram name used in Telegram’s original blockchain plan. TON will remain the name of the network, while GRAM will become the token ticker on Binance.
As previously reported by crypto.news, Pavel Durov said Gram was the original name of the token in TON’s first white paper. He also said the rebrand does not require a token swap at the network level.
As reported earlier this month, Toncoin rallied earlier in June after the Gram plan revived trader interest. TON traded near $1.71 on June 12, with a 24-hour gain of about 4%, according to crypto.news data.
Toncoin (TON) price chart, source: crypto.news The Binance timeline now gives holders clear exchange deadlines. Spot holders can wait for the automatic swap, while futures, margin, loan, and product users may need to close or adjust positions before the listed dates.
XRP has entered a technically weak phase after losing the multi-month support zone around $1.30. The daily chart shows a prolonged downtrend with price trading below all major moving averages, while the 200-day MA remains far above current levels near $1.60. That gap highlights how much damage the recent selloff has inflicted on the structure.
The most important development is the breakdown from the descending triangle that had formed between March and May. Bulls repeatedly defended the $1.30 floor, but sellers eventually overwhelmed demand, triggering a sharp move lower. Such patterns often produce a measured move after support gives way, and XRP is currently attempting to stabilize around $1.14.
XRP/USDT Chart by TradingViewMomentum indicators are also struggling. RSI briefly entered oversold territory before bouncing slightly, suggesting some short-term relief may occur. However, oversold conditions alone do not guarantee a reversal. During strong downtrends, assets can remain oversold for extended periods while continuing to grind lower.
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For bulls, reclaiming $1.30 is now the first major challenge. That former support has likely become resistance, reinforced by the cluster of moving averages directly overhead. Unless XRP can recover that area and hold above it, any bounce may simply be a relief rally within a broader bearish trend.
On the downside, failure to maintain the current range could expose psychological support near $1.00. Markets often gravitate toward round-number levels after major breakdowns, making that zone a natural target for traders.
The bigger picture remains mixed. XRP has already corrected heavily from its highs, which reduces some downside risk compared to earlier stages of the decline. At the same time, there is still no convincing evidence that a long-term bottom has formed. Traders should watch for higher lows, increasing volume on green days, and a recovery above $1.30 before calling for a sustainable reversal.
Zcash has to regain the trustZEC's long-term structure is still stronger than that of many significant altcoins despite the sharp volatility. Whether the recent collapse was just a violent reset or the start of a more significant trend reversal will be revealed over the coming weeks.
Despite going through one of the biggest liquidations this month, Zcash is proving to be far more resilient than many other altcoins.
ZEC successfully staged an aggressive recovery after falling from above $600 to almost $250 in a matter of days, and it is currently consolidating at about $430.
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ZEC is still above its 200-day moving average at $370 despite a decline in short-term momentum. That level continues to be the boundary between a sound long-term uptrend and a more severe bearish reversal. It also served as support during the panic selloff.
Rather than a gradual deterioration of the trend, Zcash's recent collapse was largely triggered by the discovery of a bug that allowed unauthorized generation of ZEC, sparking panic across the market. The news led to a wave of forced liquidations and aggressive selling, causing volume to surge to extreme levels.
Despite the shock, buyers stepped in almost immediately after the flush, producing a strong recovery candle and preventing a complete breakdown of the broader market structure. The swift rebound suggests that while confidence was shaken by the exploit-related concerns, many participants viewed the selloff as an overreaction rather than a fundamental threat to the long-term viability of the network.
ZEC is currently caught between resistance at $450-$500 and support at $400. Upside growth is constrained by the 50-day and 100-day moving averages, which are still above. Selling pressure may persist on recovery attempts as long as the price remains below those levels.
ZEC's long-term structure is still stronger than that of many significant altcoins despite the sharp volatility. Whether the recent collapse was just a violent reset or the start of a more significant trend reversal will be revealed over the coming weeks.
Toncoin's path to recoveryAfter weeks of erratic price movement, Toncoin has stabilized, but the chart still shows a market looking for guidance rather than a definitive uptrend.
Sellers swiftly regained control after the May explosive rally above $2.80, forcing TON into a sharp correction that erased much of the advance.
The token's ability to recover and hold above the 100-day moving average near $1.68 is a positive indication for bulls. Additionally, the price is fluctuating around the cluster created by the 50-day and 200-day moving averages, which serves as a battlefield for buyers and sellers.
TON/USDT Chart by TradingViewTON is at least making an effort to create support around these crucial levels, in contrast to many altcoins that remain well below long-term trend indicators.
The panic selling phase may be coming to an end, as volume has significantly decreased since the May spike. But momentum does not change. When the RSI is close to the middle of its range, it is neither overbought nor oversold. This frequently comes before a more significant move when a clear catalyst appears.
Several moving averages converge in the main resistance zone, which is located between $1.80 and $1.85. The technical picture would be greatly enhanced by a clear breakout above that area, which might pave the way for the psychologically significant $2.00 level. The May swing highs would then be the next important target.
On the downside, another test of the recent lows around $1.50 is more likely if support around $1.68 is not maintained. The notion that the post-rally correction is still ongoing would be strengthened by such an action.
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Compared to many large-cap altcoins, TON's structure appears to be much healthier overall. The asset has recovered significant technical levels, avoided total collapse, and is establishing a foundation.
Proving that buyers can maintain momentum above the dense resistance cluster directly overhead is the next obstacle.
Shiba Inu's relevance is decreasingFrom a technical standpoint, Shiba Inu continues to be among the weaker major meme coins. The daily chart confirms a bearish continuation pattern rather than a brief pullback by clearly breaking out of a multi-month rising channel.
SHIB traded within an ascending structure during the months of March, April, and May, which at first glance seemed positive. But rather than rising, the price lost the lower trendline support and quickly declined. Before buyers eventually intervened, that breakdown set off a wave of selling that drove SHIB toward the $0.0000045 area.
SHIB/USDT Chart by TradingViewAlthough noteworthy, the recent recovery must be understood in its context. The price is still below the 50-, 100-, and 200-day moving averages, which are still sloping downward. A market where sellers retain control over a variety of time periods is usually reflected in this alignment.
The current bounce can be explained by the RSI's recent entry into oversold territory before it recovered. Oversold readings don't always indicate a trend reversal, even though they frequently result in relief rallies. In order for that to occur, SHIB would have to start creating higher highs and higher lows and recover a number of resistance levels.
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Bulls face their first obstacle at $0.0000055, which is close to the broken channel support. This zone is especially crucial because, after a breakdown, former support frequently turns into resistance.
The moving average cluster around $0.0000058-$0.0000060 represents an even more formidable barrier above that.
The recent lows around $0.0000045 will once again be the focus of attention if buyers are unable to maintain the recovery. A breakdown below that level might prolong SHIB's bearish trend and lead to another leg lower.
As of right now, the market seems to be going through a technical recovery following strong selling pressure. Although the recovery is positive, the overall trend is still negative until SHIB can recover important resistance areas and disprove the recent channel breakdown.
As technical indicators dominate the cryptocurrency market, major assets like XRP, Zcash, Toncoin, and Shiba Inu remain in search of short-term direction. Recent data highlight a significant multi-month support loss for XRP, while certain cryptocurrencies are showing early signs of recovery following extensive selloffs.
Focus shifts to support loss in XRPXRP has moved into a technically weak phase after falling below the long-held support level near 1.30 dollars. Daily charts show the price struggling under key moving averages, with the 200-day average lingering around 1.60 dollars. This divergence puts a spotlight on how recent selling activity has disrupted the technical outlook.
One notable development was the breakdown from a descending triangle pattern that had formed between March and May. Although buyers managed to defend the 1.30 dollars level for a while, intensifying selling pressure ultimately pushed prices lower. XRP is now trying to stabilize around the 1.14 dollars mark.
Momentum indicators continue to paint a lackluster picture. While the RSI briefly dipped into oversold territory and showed some limited recovery, this alone does not signal a lasting turnaround.
The first major test for XRP buyers now lies in reclaiming the 1.30 dollars region, which has turned from support into a tough resistance area.
If current levels do not hold, psychological support around the 1.00 dollars mark could quickly become relevant again. For any lasting bounce, traders are looking for higher lows, increased volume during upswings, and a sustained move back above 1.30 dollars.
Zcash resists after sharp plungeDespite experiencing one of the month’s most severe liquidation waves, Zcash has shown more resilience compared to many other altcoins. ZEC dropped sharply from over 600 dollars down to nearly 250 dollars in a matter of days, but then rallied forcefully to stabilize near 430 dollars. Zcash is known as a privacy-focused blockchain project.
The primary trigger for the sharp fall was the discovery of a software bug that allowed unauthorized ZEC creation. This incident triggered panic in the markets, resulting in forced liquidations and a surge in heavy selling.
Mini glossary: Liquidation refers to when leveraged positions are closed automatically by exchanges due to insufficient collateral. This process often causes sudden spikes in volume and volatility.
Despite this setback, buyers jumped in quickly, helping to prevent a complete breakdown of the broader market structure. ZEC continues to hold above its 200-day moving average of 370 dollars, with 400 dollars providing support and the 450 to 500 dollars range serving as resistance.
Outlook for TON and SHIBToncoin, having experienced weeks of volatility, is showing signs of stabilization. A dramatic rally above 2.80 dollars in May was largely erased by subsequent corrections. Nevertheless, TON’s ability to remain above its 100-day moving average near 1.68 dollars is considered a positive sign. The key resistance area is between 1.80 and 1.85 dollars; breaking through could open the door to a move towards 2.00 dollars.
Shiba Inu, on the other hand, stands out as one of the more vulnerable assets from a technical perspective. Breaking down from a multi-month ascending channel, SHIB’s chart signals a continuing downtrend rather than a brief adjustment. The token slumped to the 0.0000045 dollars area amid steady selling pressure.
Although SHIB has attempted a rebound, its price remains below the 50, 100, and 200-day moving averages, indicating sellers are still in control. Immediate resistance is seen at 0.0000055 dollars, with a stronger barrier between 0.0000058 and 0.0000060 dollars. If buyers fail to regain momentum, retesting the 0.0000045 dollars support remains a clear risk.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Mask Network recently experienced a big dump in price, as investors witnessed a dump of 52% in one 4h candle on Friday, last week.
Investors are keen to know if this dump will be retraced, considering that many altcoins are bouncing, due to the recent surge in price of Bitcoin. Let’s find that out in detail in this Mask Network price prediction.
Table of Contents
What is Mask Network?Mask Network price predictionMask Network coin price prediction: short-term outlookMask Network price prediction 2025Mask Network price prediction 2030 Since its launch, Mask Network (MASK) has seen an all-time high of $97.92, followed by a -5867.2% drop in price. At the time of writing, it is now trading at $1.39, which is around a 70% decrease from its price of $4.7352, which was recorded four months ago in December 2024.
MASK 1d chart | Source: crypto.news In this article, we’ll discuss MASK price prediction by giving you its short-term and long-term price forecasts and exploring whether this token can continue its bullish run.
What is Mask Network? Mask Network is a protocol that enables users to transmit encrypted communications via Facebook and Twitter. In essence, it serves as a link between a decentralized network operating on top of the Internet.
When Mask Network was first introduced in July 2019, its primary application was to enable users of Facebook and Twitter to encrypt posts on these social media sites. Subsequently, HashKey and Hash Global co-led a $2 million investment round in November 2020, while Digital Currency Group and Fundamental Labs participated in a subsequent $3 million funding round in February 2021.
Mask Network now allows Gitcoin grant campaigns to be funded straight from Twitter. It also intends to provide decentralized storage and peer-to-peer payments. Known as a decentralized Applet (DApplet) ecosystem, it is a decentralized portal that enables users to use DApps such as cryptocurrency payments, decentralized finance, decentralized storage, e-commerce (digital goods/NFTs), and decentralized organizations (DAOs) on top of pre-existing social networks without migrating.
Now let’s discuss MASK price prediction for this year and in the coming years as well.
What can be a realistic projection for the MASK token? Let’s dive into the MASK price prediction for 2025 and 2030.
Mask Network coin price prediction: short-term outlook According to CoinCodex’s Mask Network price prediction for the near future, the token is projected to rise by 41.61% and reach $2.36 by July 10, 2025..
As of June 10th, 2025, the overall sentiment of the MASK price outlook has shifted slightly bearish, with 17 technical analysis indicators displaying bearish signals, 11 indicating bullish trends, and 7 indicators showing neutral forecasts.
Mask Network price prediction 2025 For the remaining months of 2025, DigitalCoinPrice predicts that the MASK token’s price could fluctuate between $1.47 and $3.61, and may likely hold a yearly average of $2.83.
CoinCodex projects that the MASK token can trade in the price channel of $1.636636 and $1.636636 in 2025.
While the general sentiment in the financial markets is that 2025 will be the year of the bull, it is important to understand that this prediction also has a chance of being wrong. BTC has already breached the $100k mark, and there is a possibility that it may be at the top of this bull cycle. Hence, it is advised to do your research before investing in MASK or any other cryptocurrency with the hopes of gaining on your investment in 2025.
Mask Network price prediction 2030 As per CoinCodex’s Mask Network crypto price prediction for 2030, MASK’s price could vary between $3.58 and $4.57.
DigitalCoinPrice expects that MASK’s price could climb to $4.84 or $5.99 by the end of 2030.
Before trusting any source that is trying to predict the MASK price prediction for 2030, you should understand that it is a cryptocurrency and, like all other tokens, the MASK token’s price can be highly volatile.
2030 is five years away, and many cryptocurrencies can become obsolete in that time. This is why it is hard to give a realistic price prediction for any token, including MASK. A great way for MASK to survive these five years and continue its ascent in the crypto market is to continue building its blockchain technology and partner with key players in the digital crypto space. You should research and keep yourself updated with the latest developments in the upcoming years to make an informed investment decision in the MASK token.
Is Mask Network a good investment? Before investing in any cryptocurrency, including MASK, please identify and understand the inherent risks that can come due to market volatility. Also, it should be noted that the sentiment in the cryptocurrency market changes quickly, and a token that was once considered the future may also be delisted from major exchanges. Hence, it is advisable to do your research on the token’s fundamentals before having any price expectations for the future of the MASK token.
Will Mask Network go up or down? Cryptocurrencies in general experience rapid price swings that are directly driven by market sentiments, community engagement, events like token burns, and so on.
While it is hard to determine how high the MASK token will go, it is important to look out for potential buying factors that may include new partnerships, increased token holders, or viral campaigns in general.
It is also vital that you rely on financial experts and consult them for Mask Network price prediction, but even after all that, you should remain cautious, as no one can accurately predict how high or low MASK can go.
Should I invest in Mask Network? Before investing in any cryptocurrency or trusting any Mask Network price forecast, please identify and understand the inherent risks that can come due to market volatility. Also, it should be noted that cryptocurrencies in general are a highly speculative investment, and their success not only relies on market volatility but also the constant and sustainable growth of their community. Hence, it is advisable to do your research on the token’s fundamentals, which may very well decide the future of the MASK token.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Top 1 On-Chain Liquidation: ETH Bull Whale Hit With 4 Consecutive Forced Liquidations, $14.11 Million in Positions Liquidated
According to Hyperinsight monitoring, today’s largest liquidation on the Hyperliquid platform involved a high-leverage Ethereum (ETH) long whale. The address opened a long position yesterday when ETH was trading at roughly $1,661, and immediately incurred losses after entry. Triggered by ETH’s short-term dip below $1,600 in the early hours of today, the whale faced four consecutive liquidations, resulting in the forced closure of a total of 8,734 ETH positions valued at approximately $14.11 million. The address now holds less than $150,000 in remaining funds, with all positions fully cleared. Address: 0x1cb0b187c14a8c0fb36ca0dcbb775dcc7f02b408
15 minutes ago
A certain on-chain address opened long positions in BTC, ETH, and silver, and purchased $10.699 million worth of BTC and ETH spot.
According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, address 0x960…3f0fc simultaneously went long on both futures and spot positions this early morning, opening long positions of 102.55 BTC, 954.38 ETH, and 8,790 silver units, with total position value around $8.29 million. It also purchased spot BTC and ETH worth approximately $10.699 million. Its current take-profit levels are set at $63,000 for BTC and $1,650 for ETH.
15 minutes ago
A whale that reaped over $23.77 million in profits from the Basic Attention Token (BAT) ICO has reawakened after six years of dormancy, offloading 12,600 ETH in the past two days.
According to monitoring by EmberCN, a whale address that participated in the BAT ICO in 2017 and generated approximately $23.77 million in total profits has started selling ETH recently after six years of inactivity. Over the past two days, the address has sold 12,586 ETH, receiving 20.59 million USDS in exchange, at an average selling price of roughly $1,636. The whale invested 17,789 ETH in the BAT ICO in May 2017, acquiring around 113.8 million BAT. It then sold BAT gradually over approximately two and a half years at an average price of $0.245, netting about $23.77 million in profits, with some of the BAT converted into 27,586 ETH. Since then, the ETH has remained inactive for a long time until it resumed reducing its holdings recently. Currently, the address still holds around 15,000 ETH, valued at approximately $24.29 million.
15 minutes ago
Japanese storage firm Kioxia plans to list American Depositary Receipts (ADRs) in the U.S. in April or May next year.
Market news: Japanese storage chip maker Kioxia plans to list its American Depositary Receipts (ADRs) in the U.S. in April or May next year. (Jinshi)
15 minutes ago
Micron's earnings report lifts SK Hynix's stock price 11%, trader 'yixie' expands their unrealized profit to $1.3 million.
According to Hyperinsight monitoring, Micron’s Q3 financial results exceeded all expectations, driving peer SK Hynix’s stock to rally nearly 11% from its recent low. On the Hyperliquid platform, SKHYNIX is currently trading at $1,821, up 6.2% in the past 24 hours. Prominent trader yixie (X: @yixie10) nearly doubled his principal during this rally; he is now holding a 2x long position of 2,289 SKHYNIX contracts at an average entry price of ~$1,239.9. Fueled by the rally, the position’s unrealized profit has expanded to $1.37 million, a 96% gain. As of press time, the trader boasts an 85% win rate in semiconductor storage stock trades since opening positions this year, with total historical profits of $6.68 million, including $4.25 million from Micron Technology trades. Address: 0xa65ce1d604fa901c13aa29f2126a57d9032e412b – HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain news.
15 minutes ago
STRC drops to near $80, marking another new all-time low.
According to Bitget market data, Strategy’s preferred stock STRC has dropped to a low of $80.26, hitting a new all-time low since its listing. Calculated based on a $100 par value, the current discount has reached 20%.
PANews reported on January 9th that, according to Chainwire, TBook, an embedded RWA liquidity layer, announced the completion of a new funding round led by SevenX Ventures, valuing the company at over $100 million. This round also attracted participation from Mask Network, a well-known family office, and existing investors, bringing TBook's total funding to over $10 million. Following this latest funding round, TBook's investors include SevenX Ventures, the Sui Foundation, KuCoin Ventures, Mask Network, HT Capital, VistaLabs, Blofin, Bonfire Union, LYVC, and GoPlus, among others.
The protocol plans to conduct a token generation event (TGE) in the first quarter of 2026. TBook is building an embedded RWA liquidity layer that intelligently connects asset issuers with qualified users through on-chain reputation infrastructure. TBook's infrastructure is built on a proprietary three-layer architecture: the identity layer (incentive passport and vSBT), the intelligence layer (WISE credit scoring), and the settlement layer (TBook Vault).
Top 1 On-Chain Liquidation: ETH Bull Whale Hit With 4 Consecutive Forced Liquidations, $14.11 Million in Positions Liquidated
According to Hyperinsight monitoring, today’s largest liquidation on the Hyperliquid platform involved a high-leverage Ethereum (ETH) long whale. The address opened a long position yesterday when ETH was trading at roughly $1,661, and immediately incurred losses after entry. Triggered by ETH’s short-term dip below $1,600 in the early hours of today, the whale faced four consecutive liquidations, resulting in the forced closure of a total of 8,734 ETH positions valued at approximately $14.11 million. The address now holds less than $150,000 in remaining funds, with all positions fully cleared. Address: 0x1cb0b187c14a8c0fb36ca0dcbb775dcc7f02b408
15 minutes ago
A certain on-chain address opened long positions in BTC, ETH, and silver, and purchased $10.699 million worth of BTC and ETH spot.
According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, address 0x960…3f0fc simultaneously went long on both futures and spot positions this early morning, opening long positions of 102.55 BTC, 954.38 ETH, and 8,790 silver units, with total position value around $8.29 million. It also purchased spot BTC and ETH worth approximately $10.699 million. Its current take-profit levels are set at $63,000 for BTC and $1,650 for ETH.
15 minutes ago
A whale that reaped over $23.77 million in profits from the Basic Attention Token (BAT) ICO has reawakened after six years of dormancy, offloading 12,600 ETH in the past two days.
According to monitoring by EmberCN, a whale address that participated in the BAT ICO in 2017 and generated approximately $23.77 million in total profits has started selling ETH recently after six years of inactivity. Over the past two days, the address has sold 12,586 ETH, receiving 20.59 million USDS in exchange, at an average selling price of roughly $1,636. The whale invested 17,789 ETH in the BAT ICO in May 2017, acquiring around 113.8 million BAT. It then sold BAT gradually over approximately two and a half years at an average price of $0.245, netting about $23.77 million in profits, with some of the BAT converted into 27,586 ETH. Since then, the ETH has remained inactive for a long time until it resumed reducing its holdings recently. Currently, the address still holds around 15,000 ETH, valued at approximately $24.29 million.
15 minutes ago
Japanese storage firm Kioxia plans to list American Depositary Receipts (ADRs) in the U.S. in April or May next year.
Market news: Japanese storage chip maker Kioxia plans to list its American Depositary Receipts (ADRs) in the U.S. in April or May next year. (Jinshi)
15 minutes ago
Micron's earnings report lifts SK Hynix's stock price 11%, trader 'yixie' expands their unrealized profit to $1.3 million.
According to Hyperinsight monitoring, Micron’s Q3 financial results exceeded all expectations, driving peer SK Hynix’s stock to rally nearly 11% from its recent low. On the Hyperliquid platform, SKHYNIX is currently trading at $1,821, up 6.2% in the past 24 hours. Prominent trader yixie (X: @yixie10) nearly doubled his principal during this rally; he is now holding a 2x long position of 2,289 SKHYNIX contracts at an average entry price of ~$1,239.9. Fueled by the rally, the position’s unrealized profit has expanded to $1.37 million, a 96% gain. As of press time, the trader boasts an 85% win rate in semiconductor storage stock trades since opening positions this year, with total historical profits of $6.68 million, including $4.25 million from Micron Technology trades. Address: 0xa65ce1d604fa901c13aa29f2126a57d9032e412b – HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain news.
15 minutes ago
STRC drops to near $80, marking another new all-time low.
According to Bitget market data, Strategy’s preferred stock STRC has dropped to a low of $80.26, hitting a new all-time low since its listing. Calculated based on a $100 par value, the current discount has reached 20%.
PANews reported on January 20th that Lens has announced the completion of its phase in validating the feasibility of a user-owned decentralized social network. The focus of its ecosystem development will shift from protocols and infrastructure to consumer applications and user adoption. Mask Network is seen as the successor to Lens in the next phase, dedicated to advancing decentralized social networking from technological experimentation to everyday use. Stani and Avara will continue to serve as advisors to Mask founder Suji Yan and his team.
Author: PA一线
This content is for market information only and is not investment advice.
Top 1 On-Chain Liquidation: ETH Bull Whale Hit With 4 Consecutive Forced Liquidations, $14.11 Million in Positions Liquidated
According to Hyperinsight monitoring, today’s largest liquidation on the Hyperliquid platform involved a high-leverage Ethereum (ETH) long whale. The address opened a long position yesterday when ETH was trading at roughly $1,661, and immediately incurred losses after entry. Triggered by ETH’s short-term dip below $1,600 in the early hours of today, the whale faced four consecutive liquidations, resulting in the forced closure of a total of 8,734 ETH positions valued at approximately $14.11 million. The address now holds less than $150,000 in remaining funds, with all positions fully cleared. Address: 0x1cb0b187c14a8c0fb36ca0dcbb775dcc7f02b408
15 minutes ago
A certain on-chain address opened long positions in BTC, ETH, and silver, and purchased $10.699 million worth of BTC and ETH spot.
According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, address 0x960…3f0fc simultaneously went long on both futures and spot positions this early morning, opening long positions of 102.55 BTC, 954.38 ETH, and 8,790 silver units, with total position value around $8.29 million. It also purchased spot BTC and ETH worth approximately $10.699 million. Its current take-profit levels are set at $63,000 for BTC and $1,650 for ETH.
15 minutes ago
A whale that reaped over $23.77 million in profits from the Basic Attention Token (BAT) ICO has reawakened after six years of dormancy, offloading 12,600 ETH in the past two days.
According to monitoring by EmberCN, a whale address that participated in the BAT ICO in 2017 and generated approximately $23.77 million in total profits has started selling ETH recently after six years of inactivity. Over the past two days, the address has sold 12,586 ETH, receiving 20.59 million USDS in exchange, at an average selling price of roughly $1,636. The whale invested 17,789 ETH in the BAT ICO in May 2017, acquiring around 113.8 million BAT. It then sold BAT gradually over approximately two and a half years at an average price of $0.245, netting about $23.77 million in profits, with some of the BAT converted into 27,586 ETH. Since then, the ETH has remained inactive for a long time until it resumed reducing its holdings recently. Currently, the address still holds around 15,000 ETH, valued at approximately $24.29 million.
15 minutes ago
Japanese storage firm Kioxia plans to list American Depositary Receipts (ADRs) in the U.S. in April or May next year.
Market news: Japanese storage chip maker Kioxia plans to list its American Depositary Receipts (ADRs) in the U.S. in April or May next year. (Jinshi)
15 minutes ago
Micron's earnings report lifts SK Hynix's stock price 11%, trader 'yixie' expands their unrealized profit to $1.3 million.
According to Hyperinsight monitoring, Micron’s Q3 financial results exceeded all expectations, driving peer SK Hynix’s stock to rally nearly 11% from its recent low. On the Hyperliquid platform, SKHYNIX is currently trading at $1,821, up 6.2% in the past 24 hours. Prominent trader yixie (X: @yixie10) nearly doubled his principal during this rally; he is now holding a 2x long position of 2,289 SKHYNIX contracts at an average entry price of ~$1,239.9. Fueled by the rally, the position’s unrealized profit has expanded to $1.37 million, a 96% gain. As of press time, the trader boasts an 85% win rate in semiconductor storage stock trades since opening positions this year, with total historical profits of $6.68 million, including $4.25 million from Micron Technology trades. Address: 0xa65ce1d604fa901c13aa29f2126a57d9032e412b – HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain news.
15 minutes ago
STRC drops to near $80, marking another new all-time low.
According to Bitget market data, Strategy’s preferred stock STRC has dropped to a low of $80.26, hitting a new all-time low since its listing. Calculated based on a $100 par value, the current discount has reached 20%.
Update Jan. 23, 9:00 am UTC: This article has been updated to add comments from an Aave spokesperson.
Decentralized finance (DeFi) protocol Aave transferred stewardship of the social infrastructure protocol Lens to Mask Network, shifting responsibility for advancing consumer-facing social applications while retaining Lens as open-source infrastructure.
Statements from both Lens and Aave founder Stani Kulechov confirmed the transition. On Tuesday, Kulechov said in an X post that Aave’s role will narrow to technical advisory support as it refocuses on DeFi.
He added that Mask Network, a Web3 company focused on integrating blockchain features into social and messaging platforms, will be leading the next phase of development for Lens, particularly at the application and product layer.
While the announcement framed the move as a change in “stewardship,” neither Lens nor Aave characterized it as an acquisition or exit from social infrastructure.
An Aave spokesperson told Cointelegraph that Lens’ infrastructure phase is effectively complete, with responsibility now shifting fully to Mask Network. “All functions move to Mask,” the spokesperson said.
The spokesperson clarified that the transition includes the transfer of Lens-related assets while preserving its open design.
“The IP, chain, website and Lens X handle moved to Mask, and Lens remains permissionless infrastructure that supports personal identity and ownership over the social graph and data,” the spokesperson told Cointelegraph.
Source: Stani Kulechov
How responsibilities shift under the Lens transitionUnder the new setup, Mask Network assumes responsibility for consumer-facing execution, including product roadmap decisions, user experience design and day-to-day operational leadership for social applications built on Lens.
This includes advancing apps such as Orb and shaping how Lens-based products are positioned and distributed to end users.
Lens and Aave said the protocol’s underlying components, including its onchain social graph, profiles, follows and smart contracts, will remain open-source and permissionless.
There was no indication of a transfer in protocol ownership, intellectual property, treasuries or governance control as part of the transition.
Aave said it will continue to act as a technical adviser, offering input on protocol-level decisions without leading product development. The move narrows Aave's role from building and operating social products to maintaining its social infrastructure.
Lens’ infrastructure-first vision predates the handoverFrom its earliest days, Lens Protocol was framed as infrastructure. In 2022, Aave launched Lens as a Web3-native social protocol designed to give users ownership over their social identities and content through onchain profiles and non-fungible tokens (NFTs).
That positioning was reinforced in later updates. In 2023, Kulechov said Lens Protocol was not intended to function as a front-end platform but as a shared social layer that allows applications, both Web3 and Web2, to connect to a common social graph and user base.
At the time, Kulechov told Cointelegraph that Lens' shared audience could help developers overcome the "cold start" problem faced by new social platforms, while allowing multiple apps to coexist without competing for locked-in users.
Vitalik Buterin backs decentralized social amid Lens transitionFollowing the Lens stewardship transition, Ethereum co-founder Vitalik Buterin praised Lens’ evolution, saying the Aave team “has done a great job stewarding Lens up to this point” and that he is “excited about what will happen to Lens over the next year.”
Buterin also commented on decentralized social platforms, arguing that competition enabled by shared data layers is critical to improving online discourse.
In a post published on Wednesday, Buterin said that “if we want a better society, we need better mass communication tools.” He added that decentralization enables this by allowing “a shared data layer, with anyone being able to build their own client on top.”
Buterin said he has already returned to decentralized social platforms in 2026, noting that every post he has made or read this year has been through Firefly, a multi-client that supports Lens, Farcaster, X and Bluesky.
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Aave transferred Lens stewardship to Mask Network while refocusing on DeFi development. Mask will lead consumer product execution, including Lens-based social apps like Orb. Lens remains open-source and permissionless, with Aave staying involved as a technical adviser. Aave, the decentralized finance giant, has transferred the responsibility of managing the social infrastructure protocol Lens to Mask Network, delegating consumer-facing execution while moving back to an advisory role that focuses on the infrastructure of the protocol. This marks a new strategy for Aave, which now wants to focus on the development of DeFi rather than being at the forefront of social product development.
Statements from Lens and Aave founder Stani Kulechov confirmed the transition. In a Tuesday post on X, Kulechov said Aave will narrow its involvement to technical advisory support as it concentrates resources on its core DeFi mission. Meanwhile, Mask Network will take responsibility for driving the next phase of Lens development, especially at the product layer, where consumer adoption is won or lost.
The press release presented the transition as a “stewardship” handoff, rather than an acquisition. Neither side characterized the transition as a sale, shutdown, or exit of social infrastructure. Rather, both sides highlighted continuity: Lens remains open-source, permissionless, and intended as shared infrastructure for multiple social applications.
Mask takes charge of consumer execution In the new structure, Mask Network will be at the forefront of consumer-facing product work in Lens-based apps and experiences. This includes setting the direction for product roadmap, optimizing user experience design, overseeing day-to-day operational leadership, and influencing distribution strategies for Lens-enabled social tools.
Mask’s role also includes the acceleration of consumer apps such as Orb, as well as the definition of how Lens apps will reach mainstream users, aside from the crypto-native audience. Since Mask already focuses on integrating Web3 tools into social and messaging platforms, the handover aligns with its existing product DNA.
At the same time, Lens will keep its infrastructure-first architecture intact. The protocol’s foundational components, its on-chain social graph, profiles, follows, and smart contracts will remain open-source and permissionless. Developers can still build clients and applications without requiring approval, preserving Lens’ original goal of enabling an ecosystem rather than a single platform.
Aave stays involved, but limits scope Aave will not disappear from Lens, but it will change posture. Instead of leading product development, Aave will act as a technical adviser, contributing input on protocol-level decisions. This shift narrows Aave’s role from building and operating consumer products to supporting infrastructure stability and architectural direction.
Lens and Aave did not indicate any transfer of governance control, protocol ownership, intellectual property rights, or treasuries as part of the transition. That detail matters because it suggests the protocol stays structurally neutral while stewardship focuses on execution rather than control.
Lens always aimed to function as infrastructure Lens’ positioning as infrastructure predates the handover. Aave initially launched Lens Protocol in 2022 as a Web3-native social layer that enables users to own identity and content through on-chain profiles and NFT-based primitives.
In 2023, Kulechov further clarified this notion, stating that Lens was never intended to function as a self-contained front-end solution. Rather, the goal of Lens was to serve as a common social layer that would enable multiple applications, both Web3 and Web2, to connect to the same social graph. This approach helps solve the “cold start” problem in social, where new platforms struggle because they start without users or relationships.
Vitalik backs decentralized social and Lens momentum Following the transition, Ethereum co-founder Vitalik Buterin publicly supported Lens’ evolution. He praised Aave’s stewardship, said the team “has done a great job,” and expressed excitement about what Lens could become over the next year.
Buterin also used the moment to highlight why decentralized social matters. In a Wednesday post, he argued that society needs better mass communication tools, and decentralization can help by enabling competition on top of a shared data layer. With open social graphs, developers can build alternative clients without forcing users to abandon identities and networks.
He further added that he has already gone back to decentralized social media platforms in 2026 and that he has been using Firefly, which is a multi-client supporting Lens, Farcaster, X, and Bluesky, for his posts and readings this year.
For Lens, the shift puts a consumer-focused operator at the helm while keeping infrastructure open. For Aave, it strengthens a return to DeFi-first execution. And for decentralized social, it signals a new phase where the battle shifts from protocol design to user experience and distribution.
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Aave has handed stewardship of the Lens Protocol to Mask Network, marking a strategic shift that narrows Aave’s focus back to decentralized finance.
This will place the next phase of decentralized social development in the hands of a team more tightly focused on consumer-facing execution.
The transition was confirmed this week by statements from Aave and Lens founder Stani Kulechov, as well as from Mask Network.
Aave Keeps Advisory Role while giving Lens App Development to Mask Network Kulechov said Aave’s role in Lens will now be limited to technical advisory support, describing the move as a refocus rather than a retreat.
He explained that Aave initially expanded beyond onchain financial primitives to build social primitives that users could own, resulting in the creation of Lens.
Over the years, we have built some of the most important onchain financial primitives. We later expanded that ambition to social primitives that users truly own.
We built the Lens Protocol and its underlying onchain rails, including state-of-the-art decentralized data storage… https://t.co/g0zLIUlaBh
— Stani.eth (@StaniKulechov) January 20, 2026 The original aim, he said, was to create neutral social infrastructure that developers could rely on to build consumer-grade applications capable of reaching mainstream users.
With that foundation now in place, stewardship is shifting to Mask Network, which will lead development at the application and product layer while Aave returns to its core expertise in DeFi.
Both Aave and Lens emphasized that the move is not an acquisition, sale, or exit. There was no indication of a transfer of protocol ownership, intellectual property, treasuries, or governance control.
Lens’ core components, including its onchain social graph, profiles, follows, and smart contracts, will remain open-source and permissionless.
Aave said it will continue to provide input on protocol-level decisions but will no longer lead product development or operate social applications directly.
Mask Network, a Web3 company known for integrating blockchain features into social and messaging platforms, will now assume responsibility for consumer-facing execution.
This includes product roadmap decisions, user experience design, and day-to-day operational leadership for social applications built on Lens, such as Orb.
In a statement announcing the transition, Lens said the ecosystem’s next phase requires less protocol experimentation and more focus on unified social experiences that can operate at scale and meet user expectations.
Lens was launched by Aave in 2022 as a Web3-native social protocol designed to give users ownership over their social identities and content through onchain profiles and NFTs.
From the outset, it was positioned as infrastructure rather than a standalone social network.
Since launch, Lens has grown into one of the most widely used decentralized social protocols. Early builder adoption was rapid, with more than 50 projects built on Lens shortly after launch.
By early 2023, the protocol had surpassed 100,000 minted profiles and supported more than 120 applications.
Lens later migrated to Polygon mainnet, rolled out V2 and V3 upgrades, and introduced Lens Chain, a purpose-built network powered by ZKsync and Avail, aimed at improving scalability, speed, and monetization.
Lens uses GHO as gas, enabling near-instant, low-cost transactions, and includes decentralized storage through Grove and features like Family Accounts.
The handover to Mask Network comes as decentralized social regains attention across the crypto industry.
Ethereum co-founder Vitalik Buterin said he plans to spend more time on decentralized social platforms in 2026, arguing that better mass communication tools are needed and that decentralization enables competition by allowing multiple clients to build on shared data layers.
In 2026, I plan to be fully back to decentralized social.
If we want a better society, we need better mass communication tools. We need mass communication tools that surface the best information and arguments and help people find points of agreement. We need mass communication… https://t.co/ye249HsojJ
— vitalik.eth (@VitalikButerin) January 21, 2026 Mask Network founder Suji Yan described the transition as aligned with the cypherpunk values at the heart of crypto, saying decentralized social should be part of everyday life rather than limited to financial products.
🫡🫡
Lens stands for decentralization and the cypherpunk spirit at the heart of blockchain/crypto.
Crypto shouldn’t be just financial products — it should be part of everyday life, in every post, every interaction. Own your post – and make SocialFi great again.
Honored to… https://t.co/EjR7PFqWjB
— Suji Yan 💜🔥🎭 (@suji_yan) January 20, 2026 He said Mask Network intends to focus on building consumer-ready SocialFi applications that bring Lens from infrastructure into daily use.
The Ethereum co-founder said he plans to post more on Lens this year and warned that many crypto social projects rely too heavily on tokens and hype.
Ethereum co-founder Vitalik Buterin said he plans to focus more on decentralized social media in 2026, arguing that better communication tools are needed and that decentralization can help create more competition online.
Buterin revealed in a post on X on Wednesday, Jan. 21, that he has already been using decentralized social tools this year through Firefly, a multi-client that supports reading and posting across platforms like X, Lens, Farcaster, and Bluesky.
In his post, Buterin linked to an announcement from Lens Labs, which said Mask Network will become the new steward of Lens as the project shifts toward building more consumer-friendly social applications.
“If we want a better society, we need better mass communication tools,” Buterin wrote. “We need mass communication tools that surface the best information and arguments and help people find points of agreement.”
Buterin said decentralization can make social platforms more competitive by using a shared data layer, allowing different teams to build their own apps on the same network. He also warned that many crypto social projects have focused too heavily on tokens and hype.
“Too often, we in crypto think that if you insert a speculative coin into something, that counts as ‘innovating’, and moves the world forward,” Buterin wrote. He cited Substack as an example of a model that can support high-quality content by letting users subscribe to creators.
Lens Labs emphasized in its announcement that “what the ecosystem needs now is not more protocols, but great consumer experiences.” It added that Mask Network will lead the next phase of Lens and focus on building products meant for everyday users, while Lens Labs shifts into an advisory role.
“In that role, we remain fully aligned with the mission to make open, scalable, user-owned social networks a core pillar of the future internet,” the announcement reads.
Buterin concluded his post by encouraging users to spend more time on Lens, Farcaster, and the broader decentralized social ecosystem. “We need to move beyond everyone constantly tweeting inside a single global info warzone, and into a reopened frontier, where new and better forms of interaction become possible,” he added.
MASK, the native token of the Mask Network, was trading around $0.60 on Wednesday, flat over the past 24 hours. Its market capitalization is about $60 million, according to CoinGecko.
Neynar acquires Farcaster from Merkle as founders step back. The move follows Lens shifting to Mask Network amid a broader SocialFi reset.
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The Farcaster platform is being acquired by one of the network's top infra builders, – crypto startup Neynar.
No terms were disclosed for the deal, which comes months after the Farcaster's founders announced they were pivoting the company away from its social app ambitions toward building its wallet app. The Ethereum-based protocol had been last valued at $1 billion.
What's the Scoop?Ownership Transfer: Neynar will take over the Farcaster protocol, the Farcaster app, and Clanker, the Base-based AI token launchpad acquired by Farcaster last year. The transfer is expected to complete over the next few weeks.Founders Step Back: Dan Romero and Varun Srinivasan, former Coinbase executives who founded Farcaster parent company Merkle in 2020, had been shifting focus to a wallet app since December.Broader SocialFi Shift: The acquisition comes the day after Lens Protocol (from Aave) announced Mask Network would steward its future, and alongside Vitalik Buterin's pledge to fully return to decentralized social in 2026.Bankless Take:This week marks a clear turning point for decentralized social. With Lens moving to Mask Network and Farcaster to Neynar, both protocols are entering new chapters under teams focused on product utility over token speculation. Vitalik's recent post captures the shift well: too many crypto social projects have confused "creating price bubbles around creators" with innovation, rewarding existing social capital rather than content quality. Neynar's builder-first pitch particularly stands out to me given the parts of Farcaster which brought me the most joy was the culture of hobby software development that spurred a miniapp and vibe-coding craze mid last year.Whether these new stewards can solve decentralized social's distribution problem remains to be seen, but the pivot away from tokens being the prime export of these networks feels to be a necessary step.
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David is a writer/analyst at Bankless. Prior to joining Bankless, he worked for a series of early-stage crypto startups and on grants from the Ethereum, Solana, and Urbit Foundations. He graduated from Skidmore College in New York. He currently lives in the Midwest and enjoys NFTs, but no longer participates in them.
As X rolls out mass bans and enforcement crackdowns, a familiar question is surfacing across crypto Twitter: if centralized platforms remain this fragile, where does crypto social really go next?
That question took center stage in a recent WuBlockchain Podcast interview featuring Ethereum co-founder Vitalik Buterin and Mask Network founder Suji Yan, where both laid out why decentralized social networks have struggled and why the next phase may look very different from past SocialFi experiments.
Vitalik didn’t sugarcoat the challenge. Despite years of experimentation, most decentralized social platforms fail for two core reasons: network effects and misaligned incentives.
“Almost no new social platforms have truly broken through at scale,” he said, pointing out that without users, even the best products feel empty. More importantly, many projects jump straight into tokenization, assuming finance can fix social problems.
“But if you start from social itself, the real issue is usually creator incentives,” Vitalik explained, noting that token-driven models often reward existing influence and speculation, not high-quality content.
Migration Is Real, But It’s SlowSuji Yan framed the recent X bans as part of a longer pattern rather than a sudden turning point. User migration, he argued, is gradual and phased, not abrupt.
“The realistic path is moving from centralized platforms to semi-centralized models, and only then toward full decentralization,” Suji said, comparing the process to how DeFi and prediction markets evolved over time.
This helps explain why tools like aggregators and shared protocol layers are gaining attention, letting users explore decentralized social without fully abandoning existing networks.
Wallets, Prediction Markets, and the Next Social LayerOne of the most forward-looking ideas discussed was the convergence of wallets and social platforms. Suji outlined a vision where users can post directly from any wallet, across any chain, reducing friction and onboarding barriers.
Vitalik added that wallets will increasingly protect identity and data, making interoperability essential.
He also highlighted prediction markets as a potential upgrade to online discourse.
“The market-implied probability can quickly show how unlikely that outcome actually is,” Vitalik said, describing how markets could cool down extreme claims faster than traditional fact-checking tools.
Playing the Long GameBoth speakers agreed on one thing: decentralized social isn’t about replacing X overnight. It’s about improving discussion quality, reducing platform risk, and giving users more control – even if that takes years.
As Vitalik put it, the projects that succeed won’t feel like “crypto apps” at all. Blockchain, he said, should “fade into the background,” while better social experiences move to the foreground.
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XMTP has announced a new strategic partnership with Mask Network that has the potential to dramatically improve the ability to communicate across decentralized social media platforms. As DeSoc continues to evolve rapidly, communication between users has become increasingly fragmented across multiple channels, affecting the overall user experience. As a result, Web3 application users must navigate isolated data silos and inconsistent privacy standards when moving across different platforms.
As part of this partnership, the XMTP team plans to promote the use of their secure, decentralized messaging infrastructure with the Mask ecosystem. This includes integration with Lens Protocol, Orb, and Firefly. The two companies see this partnership as being one of the first steps toward a more unified, seamless layer for Web3 communication.
Bridging the Gap in Decentralized Communication XMTP’s end-to-end encrypted messaging protocol will be integrated into Mask Networks suite of applications to form the basis of their partnership. Mask Network has been at the forefront of providing privacy via a Web3 layer on top of traditional social media for years. Including XMTP’s platform within its ecosystem will now add another layer of privacy by ensuring that all messages sent via a decentralized social application remain secure and “portable”.
XMTP gives you ownership of your inbox and message history, unlike traditional messaging apps like WhatsApp and Discord. Therefore, if you start a conversation using the Orb mobile application, you can pick up that same conversation in Firefly or any other XMTP-supported client without losing your message history or compromising your security.
Strengthening the DeSoc Stack – Lens, Orb, and Firefly This impact can be seen throughout the Lens Protocol ecosystem. The Lens Protocol is a leading decentralized social graph and requires modularity in order to function effectively. The adoption of XMTP as the messaging standard allows for platforms such as Orb, which is community-focused, and Firefly, a cross-platform Web3 social aggregator, to provide their users with one complete way of communicating.
The new approach addresses the issue of “walled gardens.” This allows developers to build UI and community features for their users instead of building proprietary messaging servers. Developers can now use XMTP as an alternative to create encrypted messages and send them over a secure network.
XMTP’s documentation explains that XMTP is built on a decentralized network of nodes, providing censorship resistant communications, which is one of the main reasons people use Mask and Lens.
As Web3 develops, it has evolved past simple ownership of an asset toward a more holistic representation of an individual’s digital identity. As such, secure messaging has become one of the foundational pillars of identity. This collaboration is in line with recent trends where multiple infrastructure providers are working together to provide seamless user experience.
Mask Network has selected XMTP as its standard messaging protocol, highlighting that users (not apps) will be at the heart of the user experience in the future of social media. As numerous dApps embrace these standards and enable seamless interoperability, the barriers for users transitioning between platforms will diminish. The transition will create competition among platforms to increase their service quality rather than the typical user data entrapment through its platform.
Conclusion The collaboration between Mask Network and XMTP isn’t simply a technical integration, but rather a fundamental change for decentralized social network applications. They want to build a future where all digital conversations will be secure, interoperable messaging within Lens, Orb, and Firefly; private for the user; persistent after deletion; and completely owned by the user. The foundation of a more open and secure internet as DeSoc continues to grow will be partnerships like this one.
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Renaiss, an RWA liquidity infrastructure project for real-world collectibles built on BNB Chain, has secured $1.5 million in funding, with YZi Labs leading the first round and participation from Gate Ventures, Hash Global, XIN Family, Redline Labs, and angels from Mask Network, Far East Group, Logoman, Hoopi, and Legit App.
The funding will support Renaiss as it scales its vault network, expands into new collectible verticals, strengthens product and ecosystem integrations, improves capital efficiency, and grows its global presence.
Building RWA Liquidity Infrastructure for Collectibles Renaiss is building infrastructure that brings real-world collectibles on-chain through verifiable custody, standardized settlement and deeper liquidity.
At the core of its stack is RenaissOS, which turns independent vaults and card shops into on-chain verification nodes. Assets are co-signed through cryptographic multi-sig, reducing reliance on any single party and allowing custody status to be independently verified.
Renaiss started with trading cards as its first major collectible category, with Renaiss.xyz serving as the application layer for users to access collectible markets, trading and on-chain ownership. Its broader goal is to support more real-world collectible categories and ecosystem partners through on-chain rails.
With verified custody on-chain, collectors can access permissionless trading without requiring the physical asset to move each time ownership changes.
The Infrastructure Gap in Real-World Collectibles High-value collectibles already have strong global demand, active secondary markets and deep cultural relevance. However, the market remains fragmented. Authentication, custody, pricing, settlement and cross-border transactions are often handled through separate offline processes, creating friction for both buyers and sellers.
While RWA tokenization has largely focused on treasuries, credit and real estate, collectibles represent a more consumer-native RWA category. These assets are shaped by financial value, culture, scarcity, identity and community demand.
Renaiss addresses this gap with a verifiable multi-region custody and liquidity layer, enabling physical collectibles to trade permissionlessly on-chain through trustless infrastructure.
Early Traction Since Beta Since launching its beta in November 2025, Renaiss has surpassed $20 million in revenue in roughly six months. The platform has also grown to more than 260,000 users, with strong activity across Asian markets including South Korea, Taiwan, Japan and Southeast Asia.
Growth has been driven by primary collectible distribution, marketplace activity and increasing user participation around on-chain collectible assets. Secondary marketplace activity has also become an important signal, showing early liquidity beyond one-time drops.
Renaiss has also gained visibility within the BNB Chain ecosystem. In December 2025, the project was named a winner at Binance Blockchain Week Dubai Demo Night, presenting its approach to RWA infrastructure and on-chain collectible liquidity to a broader global Web3 audience. It has also ranked as the No. 1 RWA on BNB Chain, further reflecting its early position in the on-chain collectibles category.
In May 2026, Renaiss graduated from EASY Residency Season 3, a YZi Labs-backed incubation program, further strengthening its connection with the BNB Chain and YZi Labs ecosystem.
Scaling Infrastructure for the Taste Economy With the new funding, Renaiss plans to scale its vault network, expand into new collectible categories, strengthen product integrations and support broader ecosystem growth through Renaiss SDK, DeFi integrations and AI agent infrastructure.
Its Trustless Leverage Engine is designed to improve capital efficiency as more verified, vault-backed supply moves on-chain.
For Renaiss, collectibles are expressions of taste, culture and ownership. By making physical assets verifiable, liquid and globally accessible on-chain, Renaiss aims to build the trustless infrastructure layer for the emerging taste economy.
About Renaiss Protocol Renaiss Protocol is RWA liquidity infrastructure for real-world collectibles.
Built on BNB Chain and graduated from YZi Labs’ EASY Residency Season 3, Renaiss is building a verifiable possession layer for physical assets by turning independent vaults and collectibles stores into on-chain verification nodes. Through cryptographic multi-sig, every asset is co-signed so no single party has control and anyone can verify. This trustless foundation powers vault-backed liquidity, instant trading, DeFi composability, open SDK distribution, and AI-agent plus custody-yield infrastructure – enabling collectors anywhere to trade physical collectibles permissionlessly, based purely on taste.
Renaiss Website: https://renaiss.xyz Renaiss Collectibles on X: https://x.com/renaissCLTB Renaiss Protocol on X: https://x.com/renaissxyz Renaiss Discord: discord.com/invite/renaiss Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.
Top 1 On-Chain Liquidation: ETH Bull Whale Hit With 4 Consecutive Forced Liquidations, $14.11 Million in Positions Liquidated
According to Hyperinsight monitoring, today’s largest liquidation on the Hyperliquid platform involved a high-leverage Ethereum (ETH) long whale. The address opened a long position yesterday when ETH was trading at roughly $1,661, and immediately incurred losses after entry. Triggered by ETH’s short-term dip below $1,600 in the early hours of today, the whale faced four consecutive liquidations, resulting in the forced closure of a total of 8,734 ETH positions valued at approximately $14.11 million. The address now holds less than $150,000 in remaining funds, with all positions fully cleared. Address: 0x1cb0b187c14a8c0fb36ca0dcbb775dcc7f02b408
15 minutes ago
A certain on-chain address opened long positions in BTC, ETH, and silver, and purchased $10.699 million worth of BTC and ETH spot.
According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, address 0x960…3f0fc simultaneously went long on both futures and spot positions this early morning, opening long positions of 102.55 BTC, 954.38 ETH, and 8,790 silver units, with total position value around $8.29 million. It also purchased spot BTC and ETH worth approximately $10.699 million. Its current take-profit levels are set at $63,000 for BTC and $1,650 for ETH.
15 minutes ago
A whale that reaped over $23.77 million in profits from the Basic Attention Token (BAT) ICO has reawakened after six years of dormancy, offloading 12,600 ETH in the past two days.
According to monitoring by EmberCN, a whale address that participated in the BAT ICO in 2017 and generated approximately $23.77 million in total profits has started selling ETH recently after six years of inactivity. Over the past two days, the address has sold 12,586 ETH, receiving 20.59 million USDS in exchange, at an average selling price of roughly $1,636. The whale invested 17,789 ETH in the BAT ICO in May 2017, acquiring around 113.8 million BAT. It then sold BAT gradually over approximately two and a half years at an average price of $0.245, netting about $23.77 million in profits, with some of the BAT converted into 27,586 ETH. Since then, the ETH has remained inactive for a long time until it resumed reducing its holdings recently. Currently, the address still holds around 15,000 ETH, valued at approximately $24.29 million.
15 minutes ago
Japanese storage firm Kioxia plans to list American Depositary Receipts (ADRs) in the U.S. in April or May next year.
Market news: Japanese storage chip maker Kioxia plans to list its American Depositary Receipts (ADRs) in the U.S. in April or May next year. (Jinshi)
15 minutes ago
Micron's earnings report lifts SK Hynix's stock price 11%, trader 'yixie' expands their unrealized profit to $1.3 million.
According to Hyperinsight monitoring, Micron’s Q3 financial results exceeded all expectations, driving peer SK Hynix’s stock to rally nearly 11% from its recent low. On the Hyperliquid platform, SKHYNIX is currently trading at $1,821, up 6.2% in the past 24 hours. Prominent trader yixie (X: @yixie10) nearly doubled his principal during this rally; he is now holding a 2x long position of 2,289 SKHYNIX contracts at an average entry price of ~$1,239.9. Fueled by the rally, the position’s unrealized profit has expanded to $1.37 million, a 96% gain. As of press time, the trader boasts an 85% win rate in semiconductor storage stock trades since opening positions this year, with total historical profits of $6.68 million, including $4.25 million from Micron Technology trades. Address: 0xa65ce1d604fa901c13aa29f2126a57d9032e412b – HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain news.
15 minutes ago
STRC drops to near $80, marking another new all-time low.
According to Bitget market data, Strategy’s preferred stock STRC has dropped to a low of $80.26, hitting a new all-time low since its listing. Calculated based on a $100 par value, the current discount has reached 20%.
New York, N.Y., June 24, 2026 (GLOBE NEWSWIRE) -- NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear micro modular reactor and technology company focused on developing clean energy solutions, today announced recent and upcoming high-profile engagements with government officials, industry leaders, multilateral organizations, and energy stakeholders across Asia, Africa, Latin America, and the Caribbean as well as a management team update.
Distressed crypto holders who had their assets trapped in Singapore-based bankrupt firm Hodlnaut could soon have relief if the judicial system approves a bid to acquire the assets. According to a recent report by Bloomberg, a digital asset exchange dubbed OPNX, which is closely associated with the founders of failed crypto hedge fund Three Arrows Capital (3AC), is seeking to have the controlling share of Hodlnaut. Reportedly, the OPNX crypto exchange has offered to inject up to $30 million in FLEX tokens into Hodlnaut in a bid to offer the creditors a way out amid the court restructuring process.
Persons familiar with the matter told the media outlet that the OPNX exchange offer, which would see a 75 percent takeover, was submitted to the Singapore court after the interim judicial managers supervising Hodlnaut’s restructuring objected to the distressed company’s directors e-mailing the bid directly to its users.
Hodlnaut Potential Takeover by OPNX The close relationship between CoinFlex exchange and OPNX was highlighted in April 2023 when the former halted all its operations to transition through the latter. Moreover, the FLEX token is associated with founders Mark Lamb and Sudhu Arumugam who started OPNX earlier this year. In the recent report, the dual highlighted the importance of the Hodlnaut acquisition in their portfolio for future growth prospects.
“We see a lot of potential in the Hodlnaut platform, and look forward to working closer with them,” Lamb noted.
If the Singapore court approves the acquisition bid of Hodlnaut by the OPNX crypto exchange, the creditors would get up to 30 percent of their claims in FLEX tokens and other tokens. In other terms, the Hodlnaut creditors would get a pro-rata payment of up to 95 percent of the total available corporate asset pool, whichever would be higher than the former.
Market Outlook The FLEX token has gained more than 49 percent in the past week to trade around $6.97 on Monday. Additionally, the FLEX price has gained more than 1500 percent in the past year to a market capitalization of about $678 million. The relationship between FLEX and OPNX is strategic since the latter is used to trade crypto claims, especially for failed projects like FTX. As a result, the FLEX coin has gained more utility amid high crypto competition.
The buyout of Hodlnaut assets and loans could significantly help the distressed creditors who were locked out after the firm was liquidated by the implosion of Terra Luna UST stablecoins last year. Nonetheless, the acquisition deal stands to either be approved or rejected by the court in the coming weeks.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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OPNX, an exchange backed by Three Arrows Capital, has offered to acquire bankrupt crypto lender Hodlnaut. OPNX to inject $30 million worth of FLEX digital tokens to facilitate a partial creditor payout. OPNX, a digital-asset exchange backed by the founders of the now-defunct hedge fund Three Arrows Capital, has expressed interest in acquiring struggling crypto lender Hodlnaut.
Currently undergoing restructuring overseen by a Singapore court, Hodlnaut has received an offer from OPNX to inject approximately $30 million worth of FLEX digital tokens into the firm to facilitate a partial creditor payout for the finalization of claims, per a Bloomberg report.
A $30 Million token injection proposed The bid, if accepted, would give OPNX 75% control in Hodlnaut. According to the term sheet gathered by Bloomberg News, creditors would have the choice of collecting 30% of their claims in FLEX and other tokens or a pro-rata payment of up to 95% of the entire available corporate asset pool, whichever is greater.
The CoinFLEX exchange’s creators, Mark Lamb and Sudhu Arumugam, created OPNX earlier this year. And FLEX is affiliated with this exchange.
Hodlnaut, headquartered in Singapore with operations in Hong Kong, was one of the market’s casualties during the crypto harsh winter. Last year, the business suspended withdrawals and entered a court-supervised restructuring process in Singapore. The firm additionally stated that it had withdrawn its regulatory licensing application in Singapore, prohibiting it from delivering token swap functionality.
Hodlnaut decided to suspend most of its social media accounts as part of its crisis response. Juntao Zhu, the founder, also made his Twitter account private. The suspension of services by Hodlnaut came amid a bigger crisis in the crypto financing business. This was precipitated by the failure of the Terra ecosystem and Three Arrows Capital.
Hodlnaut and its judicial managers were yet to react to queries regarding the OPNX offer. In April, the majority of Hodlnaut’s creditors stated the desire for the company to be liquidated rather than restructured.
Hodlnaut’s fate now hinges on the decision of its creditors, who have to evaluate the merits of the OPNX deal in order to retrieve their investments from the struggling crypto lender. In the broader context, the challenges faced by Hodlnaut underscore the need for robust risk management strategies and regulatory compliance in the crypto industry.
Hacks and exploits are increasingly taking more root in the crypto space. With the acceptance of digital assets globally, crimes also grow. The criminals use more technological approaches to aid their exploitation and hacks on protocols and platforms. A slight and negligible loophole is enough to result in these exploits.
MEV bot, an Ethereum arbitrage trading bot, amassed a whopping $1 million as a jackpot prize. However, the joy of its gains was short-lived as events turned out negatively for it some hours later. Before adequately reflecting on the tremendous value, a hack wiped the gains.
MEV Bot’s Crypto Gains Came Through Arbitrage Trading Opportunity Robert Miller, an employee of Flashbots, a research firm, took to Twitter to report the attack. He noted that the Maximal Extractable Value (MEV) bot with the prefix 0xbadc0de earned Ether through arbitrage trades. He said the bot gained up to 800 ETH worth about 1 million in the works.
The bot leveraged a considerable arbitrage opportunity from trader sales from Miller’s explanation. The transaction involved about $1.8 million in cUSDC via Uniswap v2, a decentralized exchange (DEX). The trading yielded just $500 assets in return. Upon detecting the advantage, the bot immediately utilized its availability to obtain a huge earning.
But the bot’s gain could not stay much longer when a hacker discovered a vulnerability in its lousy code. The bad actor used the lapse to trick it into authorizing a transaction. The hacker wiped the bot’s balance, about 1,101 ETH.
Ethereum drops by 3% in price l ETHUSDT on Tradingview.com PeckShield, a blockchain security company, revealed that the bug is traceable to the bot’s callback routine. This served as the loophole for the exploit through which the hacker approved an arbitrary address for spending.
Similar Vulnerability Attack Vulnerability attacks on the crypto space are skyrocketing. For example, an Ethereum vanity address generator, Profanity, recorded a vulnerability exploit on September 18. The attack ended with a loss of $3.3 million worth of funds from different wallets.
1Inch Network, a DEX aggregator, investigated the exploit. The DEX discovered some ambiguity in the creation of the compromised wallets. It warned the wallet users to move their funds due to the risk associated with their use.
There was another exploit on a vanity wallet address just a week after that of Profanity. The attack resulted in the loss of some Ether valued at approximately $1 million. The hackers moved their proceeds to Tornado cash, the crypto mixer which was recently sanctioned.
Featured image from Pixabay, Chart: TradingView.com
CEO of Circle, Jeremy Allaire, says stablecoins will become a critical part of Hong Kong’s trade settlements as the region transitions into more Web3 territory.
According to an Oct. 30 report on South China Morning Post, Jeremy Allaire said Circle(cUSDC) is targeting Hong Kong for its “global network of stablecoins” that will make transactions cheaper and faster for markets trading through Hong Kong.
“In emerging and developing markets … there are importers who are importing out of Asia, and a lot of the trade flow is settled through Hong Kong,” said Allaire at Hong Kong FinTech Week 2024.
He said Hong Kong’s position as a trade hub makes it an attractive market for future trade settlements to be facilitated in stablecoins.
“We’re seeing this demand on both sides … The firms are like, ‘this is better, faster, cheaper,” Allaire stated.
At the event, Allaire announced two recent partnership projects. These projects include Circle’s customer loyalty solutions partnership with Hong Kong Telecom and its collaboration with Thunes to accommodate settle cross-border transactions using USDC.
As the second-largest stablecoin issuer in the world, Allaire considers Circle as the “the global regulatory guinea pig for stablecoins” because of its regulatory compliance. While other institutions are looking to employ central bank digital currencies as the foundation for a global on-chain economy, Allaire said stablecoins are already set to fulfill that role.
“Our view is that this is going to become regulated financial infrastructure everywhere in the world,” he said.
In July, the Hong Kong Monetary Authority released results of a consultation paper on a proposal to introduce a regulatory regime for stablecoins. Following that, the HKMA is set to introduce a new stablecoin regulatory framework by 2025.
Meanwhile, Hong Kong’s own stablecoin issuer, First Digital Trust, has just announced on Oct. 30 that it is expanding its First Digital USD to Solana as it seeks new ecosystems after rolling out products on Ethereum and BNB Chain.
Sui Network just rolled out one of the more interesting privacy features in the Layer 1 space: confidential transfers that hide how much you’re sending and how much you’re holding, while still leaving sender and receiver addresses visible on-chain.
The feature launched in public beta on Devnet on June 8, and it comes with a twist that makes compliance officers slightly less nervous: sender-controlled selective disclosure, meaning users can voluntarily open those envelopes for auditors when required.
What confidential transfers actually do The privacy model is deliberately partial, and that’s the point. Traditional privacy coins like Monero or Zcash go full opacity, hiding senders, receivers, and amounts. Sui is taking a different approach. Addresses stay visible. Only the transaction amounts and account balances get shielded.
This is a calculated design choice aimed squarely at a specific audience: token issuers, payment providers, treasury teams, and institutions that want financial privacy without abandoning the regulatory frameworks they’re required to operate within.
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The selective disclosure mechanism lets users decide when to reveal transaction details. A treasury team running payroll on-chain, for instance, could keep salary amounts private from the general public while still providing full transparency to auditors or regulators on demand.
Early partners and the institutional play Sui isn’t launching this in a vacuum. The network has already lined up early partnerships with Bridge, a stablecoin issuer and payments platform, along with compliance analytics firms TRM Labs and Merkle Science. All three are exploring integration opportunities with the confidential transfers feature.
This stands in contrast to how privacy features have historically been introduced in crypto. Most privacy protocols launched with a cypherpunk ethos first and worried about regulatory acceptance later, if at all. Sui is inverting that sequence, building the compliance hooks directly into the privacy architecture.
What developers need to know Here’s the thing: this is a Devnet beta, not a production release. The feature is currently unaudited and explicitly not production-ready. It exists for developer testing through SDKs and open-source repositories.
Sui has indicated that a Testnet launch is targeted for later in 2026, which would represent the next step toward eventual mainnet deployment.
What this means for investors The market reacted with cautious enthusiasm. The SUI token rose nearly 5% following the announcement, a modest but meaningful bump for what is still a Devnet-stage feature.
The risk profile is equally important to consider. Privacy features in crypto carry regulatory scrutiny by default. The US Treasury’s sanctioning of Tornado Cash in 2022 demonstrated that privacy tools on blockchains can attract aggressive government action. Sui’s selective disclosure mechanism is designed to preempt those concerns, but regulators haven’t weighed in on this specific implementation yet.
There’s also execution risk. Moving from a Devnet beta to a production-grade privacy system involves navigating complex cryptographic audits, and any vulnerability discovered during that process could delay the timeline significantly. The feature being unaudited at this stage is normal for early development, but it means the path to mainnet is still long and uncertain.
The partnerships with Bridge, TRM Labs, and Merkle Science suggest real commercial interest, not just theoretical demand. Whether that interest converts into meaningful on-chain activity will depend on how smoothly Sui navigates the Testnet phase and eventual security audits.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The Layer 1's gasless stablecoin design pushed transfer throughput to nearly $65 billion since June 10, recasting Sui as a fee-free settlement rail for institutional and agentic payments.
The Sui blockchain has moved nearly $65 billion in stablecoins in five days, the payoff from a protocol change that made those transfers cost nothing. The figure measures transfer throughput over the window, and it lands as Mysten Labs pitches the network as a replacement for traditional payment rails.
CertiK Skynet, a data dashboard by the blockchain security firm, reported that Sui settled close to $65 billion in stablecoin transfers since June 10 without users paying fees. The same data put cumulative stablecoin volume on the network above $2.27 trillion since early 2024. The catalyst was a protocol-level change that Mysten Labs, Sui's founding contributor, rolled out on May 20, dropping stablecoin transfer fees to $0.00 and removing the need to hold the native SUI token to move funds.
The $65 billion measures transfer volume cleared over a five-day window. Sui's standing stablecoin supply sits near $470 million, per DefiLlama, which ranks the chain outside the 15 largest by stablecoin market capitalization. A sub-$500 million float turning over tens of billions in days reflects dollars recirculating as payments, the behavior the fee-free design was built to encourage.
Sui stablecoin market cap, Jan 17 - Jun 15 2026. Peak $606M; trough $466M; latest about $486M. Source: DefiLlama.How the Gasless Design WorksSui's change covers single and batched peer-to-peer transfers of supported stablecoins, with the network absorbing the gas cost. Supported assets at launch included USDC, USDY, AUSD, FDUSD and the Bridge-issued USDsui and Ethena-issued suiUSDe. Mysten Labs framed the mechanism as structural rather than promotional, calling it "not a subsidy, sponsorship program, or temporary promotional initiative."
Fireblocks, the custody and infrastructure platform that says it secures more than $14 trillion in digital asset transactions, integrated the feature before the rollout. That integration is what routes the design toward enterprises and financial-service providers rather than retail wallets alone.
The Institutional PitchFor institutions, the friction Sui targets is operational overhead. Adeniyi Abiodun, Mysten Labs co-founder and chief product officer, argued that gas fees impose overhead far beyond their face value. "Even at 1/1000th of a cent, gas forces you to hold reserves, build payment logic, monitor balances, and account for a second asset just to move the first," he wrote. "For any service provider, that overhead is infrastructure, headcount, and audit scope."
Abiodun has positioned the feature as a bid to displace correspondent-banking rails. At launch he described the goal as making Sui "the global rail for payments, whether they are for businesses, AI agents, and consumers." Ran Goldi, Fireblocks' senior vice president of payments and network, said the design "removes a major point of friction for enterprises building onchain payment flows."
$1 TrillionThe throughput surge builds on momentum the network had already booked. Sui passed $1 trillion in cumulative stablecoin transfer volume since August 2025, a milestone reached before fees went to zero. Removing the per-transfer cost lowered the floor for micropayments and high-frequency machine-to-machine transfers, the use cases Mysten Labs has tied to agentic commerce.
The model leans on Sui's parallel-execution architecture, which processes independent transactions simultaneously rather than in sequence. That throughput headroom is what lets the network absorb gas on stablecoin transfers without congestion pricing pushing costs back onto users.
Sui is separately testing private-by-default stablecoin transfers on its devnet, a feature that would add confidential transfer amounts with controlled visibility for compliance. The foundation has not set a mainnet date for that change.
@SuiNetwork cleared roughly $65 billion in stablecoin transfers over the past 30 days, all without charging a single fee. The volume surge follows a May protocol update from Mysten Labs that zeroed out transfer costs and removed the requirement to hold $SUI to move funds on-chain, according to data from blockchain security firm CertiK.
What Changed and Why It Matters The upgrade is a permanent, protocol-level change, not a temporary subsidy. It removes what Mysten Labs describes as one of the most persistent barriers to stablecoin adoption: the need to hold a separate gas token just to complete a transfer. Supported assets at launch include USDC, USDY, AUSD, FDUSD, USDB, USDsui, and suiUSDe.
The $65 billion figure needs context. Sui's standing stablecoin supply sits at roughly $472 million. The high transfer volume relative to supply suggests the same capital is cycling through the network rapidly, functioning as a payment rail rather than reflecting a large influx of new liquidity. CertiK has also reported that Sui has processed more than $2.27 trillion in total stablecoin volume since the start of 2024.
Mysten Labs co-founder and CPO Adeniyi Abiodun framed the case for zero-fee transfers plainly: "Stablecoins are becoming a core part of global finance, but the infrastructure around them still creates unnecessary complexity." He has previously argued that even a fraction-of-a-cent gas obligation forces businesses to maintain token reserves, build separate payment logic, and manage an additional asset, overhead that compounds at scale.
Enterprise Integration and the Road Ahead Fireblocks, the institutional digital asset platform that secures more than $14 trillion in transactions, integrated the feature ahead of the broader rollout. Mysten Labs is pitching Sui as a settlement layer for businesses and AI agents, where automated systems can route payments along the cheapest, most frictionless path available. The primary focus is business-to-business payments and high-frequency microtransactions, though retail users benefit from the change as well.
Sources:
Sui Blog: Sui Launches Gasless Stablecoin Transfers With Support From Fireblocks
CoinTrust: Sui's Gasless Stablecoin Push Drives Massive Transaction Growth
Bitcoin.com News: Sui Blockchain Registers $65 Billion in Stablecoin Volume
Market sentiment toward the Avalanche ecosystem has weakened recently, influenced by ongoing debates across the broader cryptocurrency market. According to Santiment Intelligence data, what was once an optimistic outlook in earlier months has shifted to a more cautious and bearish tone in recent sessions. Avalanche, widely known as a layer 1 blockchain that enables the creation of application-specific subnets, now faces heightened scrutiny.
Participants in the market have raised pressing questions about developer activity, user growth, and the overall momentum of the ecosystem. These concerns have become especially prominent when Avalanche is compared to rival layer 1 networks such as Solana and Sui. Social media commentary has increasingly centered on whether Avalanche can sustain its growth trajectory.
Despite an overall uptrend in the crypto market on Monday, conversation around Avalanche surged, driven by rising skepticism and making it one of the most discussed assets.
Data shared by Santiment Intelligence shows a gradual decline in sentiment indicator levels for Avalanche. The index, which had shown strong positive levels earlier in the year, has now moved closer to negative territory. Even so, AVAX has remained one of the top tokens on watch as the market reconsiders the ecosystem’s momentum.
Mini glossary: Santiment Intelligence is an analytics platform that tracks on-chain metrics and social media trends to measure sentiment around crypto assets. These sentiment data points help investors monitor the positive and negative tones circulating in online discussions.
Developer activity and competitive dynamics in focusRecent negative discussions surrounding Avalanche have concentrated mainly on developer engagement and the long-term strength of the ecosystem. These issues have dominated various crypto community channels tracked by sentiment tools. As a result, market players are closely assessing whether network growth metrics can counterbalance the newfound pressure.
According to Santiment, periods of excessively negative sentiment sometimes precede trend reversals in the market.
Avalanche’s subnet architecture continues to be a core element in its approach to scaling. This structure remains fundamental in both its design and ecosystem expansion strategy. Institutional partnerships and collaborations with public agencies are further enhancing the visibility of the Avalanche ecosystem.
In recent months, developer activity and ecosystem growth metrics have become the most widely referenced benchmarks for evaluating Avalanche against its competitors. Comparisons—particularly with Solana and Sui—have injected added volatility into discussions surrounding AVAX.
Element ComparedKey Highlight from the NewsAvalanche sentimentShifted from the year’s strong optimism to a more bearish outlookMain points of discussionDeveloper activity, user growth, ecosystem momentumRival networksFrequent comparisons with Solana and SuiAVAX price edges up, trading volume exceeds 223 million dollarsCoinGecko data shows AVAX trading at $6.80 at the time of reporting. The token’s 24-hour trading volume reached $223,571,040. Over the last 24 hours, AVAX price climbed by 0.46 percent, and it registered a 2.30 percent increase week over week.
Although the price has seen only modest gains, discussion on social media continues to reflect a cautious market mood. As a result, investors are tracking both price action and fresh signals on network growth and competitive strength with keen interest.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Remi's compliance-native interbank clearing and settlement network enables real-time settlement with balance-sheet treatment for participating financial institutions, simplifying and expanding global payments
Main Takeaways
Remi is bringing the first bank-issued, regulated stablecoin infrastructure on Sui with balance-sheet treatment, supporting transfers of Bison Bank-issued EUB and USB e-money tokens through Bison Bank and participating partner banks.The infrastructure is designed for institutional financial workflows, fully aligned with MiCA, FATF standards, and Basel Committee requirements, expanding regulated institutional payment capabilities on Sui.Remi Technology, a global cross-border clearing and settlement infrastructure provider, today announced an integration with Sui, the next-generation Layer 1 blockchain where money moves as freely as messages, to launch the first bank-issued, regulated stablecoin infrastructure on Sui with balance-sheet treatment.
The infrastructure supports transfers of Bison Bank-issued EUB and USB, regulated stablecoins structured as MiCA-compliant e-money tokens, available through Bison Bank and participating partner banks across Europe, Asia, Latin America, the Middle East, and North America.
This opens a direct pathway for licensed financial institutions to move money across borders with speed, auditability, and compliance confidence through regulated banking relationships. Remi’s interbank clearing and settlement network is designed to bring stablecoin-based clearing into existing bank workflows, not around them.
For Sui, the integration marks another milestone as a high-performance infrastructure layer for compliant global payments. For Bison and its partner bank clients, this means the same bank account they use for everyday transactions can also send and receive EUB and USB stablecoins on Sui without the need for an offshore custodian or separate crypto rails.
Sui's object-centric model and programmable infrastructure provide the foundation for exactly the kind of compliance-native design Remi has built. Stablecoins EUB and USB settle point-to-point in real-time at predictable costs. Direct issuance by regulated banks, balance-sheet treatment, and end-to-end compliance are embedded from the ground up, moving stablecoins from offshore assets into banks' core product and balance-sheet frameworks. Remi's integration with Bison Bank, an institution authorized and supervised by the European Central Bank, whose EUB and USB e-money tokens are fully regulated under MiCA, makes this the first bank-issued stablecoin structured with balance-sheet treatment and direct institutional backing on Sui.
“Remi has earned relationships with key regulated international banks, a step few fintech infrastructure providers have achieved,” said Adeniyi Abiodun, co-founder and CPO of Mysten Labs, the original contributor to Sui. “This move also affirms Sui’s mission to move money as freely as messages by scaling regulated bank partnerships, bringing our vision to a greater scale with Remi.”
Sui's architecture and performance are purpose-built for the infrastructure that institutional cross-border payments demand. Remi's network is built to meet MiCA, Financial Action Task Force (FATF) standards, and Basel Committee requirements, with smart contracts embedding risk-control systems and the FATF Travel Rule directly into every transaction. Messaging and interfaces are SWIFT-compatible, ensuring seamless adaptation across jurisdictions, meeting institutions exactly where they already operate.
“Institutions moving money across borders deserve infrastructure built to institutional standards,” said Sam Su, CEO of Remi. “Remi was designed from the ground up to meet the compliance requirements of major financial institutions, while Sui brings the blockchain capabilities to match.”
Since August 2025, Sui has surpassed $1 trillion in stablecoin transfer volume, and its stablecoin ecosystem continues to expand rapidly across institutional, retail, and developer use cases. Remi's infrastructure adds a significant new layer to that momentum: regulated, bank-grade clearing and settlement that reinforces Sui's position as the full stack for a new global economy.
For more information visit remitech.ai or bisonbank.com.
Top 1 On-Chain Liquidation: ETH Bull Whale Hit With 4 Consecutive Forced Liquidations, $14.11 Million in Positions Liquidated
According to Hyperinsight monitoring, today’s largest liquidation on the Hyperliquid platform involved a high-leverage Ethereum (ETH) long whale. The address opened a long position yesterday when ETH was trading at roughly $1,661, and immediately incurred losses after entry. Triggered by ETH’s short-term dip below $1,600 in the early hours of today, the whale faced four consecutive liquidations, resulting in the forced closure of a total of 8,734 ETH positions valued at approximately $14.11 million. The address now holds less than $150,000 in remaining funds, with all positions fully cleared. Address: 0x1cb0b187c14a8c0fb36ca0dcbb775dcc7f02b408
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A certain on-chain address opened long positions in BTC, ETH, and silver, and purchased $10.699 million worth of BTC and ETH spot.
According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, address 0x960…3f0fc simultaneously went long on both futures and spot positions this early morning, opening long positions of 102.55 BTC, 954.38 ETH, and 8,790 silver units, with total position value around $8.29 million. It also purchased spot BTC and ETH worth approximately $10.699 million. Its current take-profit levels are set at $63,000 for BTC and $1,650 for ETH.
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A whale that reaped over $23.77 million in profits from the Basic Attention Token (BAT) ICO has reawakened after six years of dormancy, offloading 12,600 ETH in the past two days.
According to monitoring by EmberCN, a whale address that participated in the BAT ICO in 2017 and generated approximately $23.77 million in total profits has started selling ETH recently after six years of inactivity. Over the past two days, the address has sold 12,586 ETH, receiving 20.59 million USDS in exchange, at an average selling price of roughly $1,636. The whale invested 17,789 ETH in the BAT ICO in May 2017, acquiring around 113.8 million BAT. It then sold BAT gradually over approximately two and a half years at an average price of $0.245, netting about $23.77 million in profits, with some of the BAT converted into 27,586 ETH. Since then, the ETH has remained inactive for a long time until it resumed reducing its holdings recently. Currently, the address still holds around 15,000 ETH, valued at approximately $24.29 million.
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Japanese storage firm Kioxia plans to list American Depositary Receipts (ADRs) in the U.S. in April or May next year.
Market news: Japanese storage chip maker Kioxia plans to list its American Depositary Receipts (ADRs) in the U.S. in April or May next year. (Jinshi)
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Micron's earnings report lifts SK Hynix's stock price 11%, trader 'yixie' expands their unrealized profit to $1.3 million.
According to Hyperinsight monitoring, Micron’s Q3 financial results exceeded all expectations, driving peer SK Hynix’s stock to rally nearly 11% from its recent low. On the Hyperliquid platform, SKHYNIX is currently trading at $1,821, up 6.2% in the past 24 hours. Prominent trader yixie (X: @yixie10) nearly doubled his principal during this rally; he is now holding a 2x long position of 2,289 SKHYNIX contracts at an average entry price of ~$1,239.9. Fueled by the rally, the position’s unrealized profit has expanded to $1.37 million, a 96% gain. As of press time, the trader boasts an 85% win rate in semiconductor storage stock trades since opening positions this year, with total historical profits of $6.68 million, including $4.25 million from Micron Technology trades. Address: 0xa65ce1d604fa901c13aa29f2126a57d9032e412b – HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain news.
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STRC drops to near $80, marking another new all-time low.
According to Bitget market data, Strategy’s preferred stock STRC has dropped to a low of $80.26, hitting a new all-time low since its listing. Calculated based on a $100 par value, the current discount has reached 20%.
TL;DR Sui reportedly handled around $65 billion in stablecoin transfers in a five-day stretch after its gasless stablecoin update. The update reduces friction by allowing supported stablecoin transfers without requiring users to hold SUI for gas. The headline number is large, but zero-fee systems can attract bots, arbitrage loops, and repeated high-velocity transfers. The market takeaway is less about instant retail adoption and more about whether Sui can turn throughput into sticky liquidity. Sui has become the latest layer-1 network to post a headline-grabbing stablecoin activity figure after a protocol-level fee change removed a common source of friction for users. According to the June 16 evening source packet, the network processed roughly $65 billion in stablecoin transfers in the five-day period following June 10, after Mysten Labs enabled gasless transfer operations for supported stablecoins in May.
The supported assets listed in the handoff include USDC, USDsui, suiUSDe, USDY, FDUSD, AUSD, and USDB. The simple idea behind the update is that stablecoin transfers should not require a user to first hold the network’s native token just to pay gas. For wallets, payments, and low-margin settlement use cases, that matters. A user or application can move a stablecoin directly without first solving the separate “where do I get gas?” problem.
Gasless Transfers Give Sui A Cleaner Stablecoin Pitch The pitch is easy to understand. Stablecoins are most useful when they behave like money, and money becomes less useful when every transfer requires a separate fee asset. By removing that fee requirement for selected stablecoin transfers, Sui is trying to make the network feel closer to a payments rail than a trading-only chain.
That is why the $65 billion figure is worth watching even if it should not be treated as a pure adoption number. High transfer volume can show capacity and demand for cheap movement, but it can also be inflated by automated strategies. Zero-fee transfers are especially attractive to arbitrage bots, market makers, and high-frequency programs that can move assets many times without the normal cost filter.
The Important Caveat For Traders The risk is that the market reads the volume as evidence of a sudden retail wave. That would be too generous. The better interpretation is that Sui has created conditions where stablecoin movement can scale quickly, and now the question is whether that activity converts into deeper liquidity, more applications, and durable user demand.
For SUI traders, the setup is still useful. Stablecoin velocity can become a narrative driver when markets are looking for layer-1 ecosystems with real transaction activity. But the useful test from here is not just the next five-day volume number. It is whether balances, application usage, and settlement demand remain elevated once the first burst of gasless activity is behind the network.
What To Watch Next The next useful signal will be whether the activity shows up in more than raw transfer count. Traders should watch stablecoin balances, application-level demand, bridge flows, and whether Sui-based DeFi protocols see deeper liquidity. If the network keeps the transfer numbers high while balances and app usage also rise, the gasless update becomes a stronger adoption story. If the volume fades or remains concentrated in repeated transfers between the same actors, the market may treat it as a technical throughput headline rather than a durable growth signal.
This article was written by the News Desk and edited by Samuel Rae.
$65 Billion in Fee-Free Volume@SuiNetwork has processed nearly $65 billion in stablecoin transactions since introducing gasless transfers, according to blockchain security firm CertiK, which reported the figure from activity recorded since June 10. The feature, announced by Mysten Labs in May, is a protocol-level upgrade that eliminates the need for users to hold or spend the native $SUI token to pay transaction fees when transferring stablecoins on-chain.
Supported stablecoins include USDsui, suiUSDe, AUSD, FDUSD, USDB, USDC, and USDY, with the feature designed to remove one of the largest friction points in stablecoin adoption: the requirement to hold a separate token to complete transactions.
The initiative was primarily aimed at simplifying business-to-business payments and microtransactions, though its impact has extended to retail users seeking a more streamlined payment experience. CertiK also noted that the network has recorded more than $2.27 trillion in cumulative stablecoin volume since early 2024.
Targeting SWIFT and Traditional Settlement RailsMysten Labs co-founder and CPO Adeniyi Abiodun (@EmanAbio) has been direct about the network's ambitions. In a recent interview, he said Sui's goal is to replace SWIFT and traditional rails by offering high scalability and privacy as key advantages.
Abiodun described the protocol update as removing overhead that blocks adoption, arguing that gas obligations force service providers to hold reserves, build payment logic, and monitor separate balances just to move stablecoins. Instead of charging transaction fees, Mysten Labs plans to generate revenue through treasury yields on stablecoin reserves and from sophisticated smart contract activities.
Sui is also testing private transactions on its devnet, with a proposal that offers controlled visibility for compliance and auditability while keeping transfer amounts and balances confidential. The combination of fee-free stablecoin transfers and planned privacy enhancements reflects Sui's effort to attract payment providers, enterprises, and retail users seeking blockchain-based alternatives to conventional payment rails.
Sources:
Sui Official Blog: Gasless Stablecoin Transfers Launch
Bitcoin.com: Sui Blockchain Registers $65 Billion in Stablecoin Volume
CoinTrust: Sui's Gasless Stablecoin Push Drives Massive Transaction Growth
ChainTrust is bringing its real-time AML screening and risk intelligence tools to Sui Network, marking the Layer 1 blockchain’s latest move to bolster its compliance infrastructure. The integration pairs Sui’s high-throughput architecture with ChainTrust’s AI-driven monitoring capabilities, a combination designed to catch illicit activity before it metastasizes across the network.
ChainTrust Labs isn’t a household name, but its pedigree is hard to ignore. The company’s leadership team includes former Alipay executives with over 20 years of experience in AI and risk modeling. The firm’s product suite spans real-time address screening, transaction monitoring, and risk scoring, all powered by machine learning models trained on blockchain-specific data. ChainTrust currently serves more than 35 blockchains and claims a database covering over 1 billion digital assets.
By integrating these tools directly into Sui’s ecosystem, developers and protocols building on the network gain access to compliance screening without having to source and integrate third-party AML solutions independently.
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Sui’s growing compliance playbook This isn’t Sui’s first compliance-focused partnership. In January 2025, the Sui Foundation announced a collaboration with Chainalysis, the blockchain analytics giant, to enhance on-chain compliance and security. That partnership focused on tracking illicit activities across the network, with Chainalysis expanding its tracking capabilities for SUI tokens and other fungible assets on the chain.
The Chainalysis deal was primarily about surveillance and forensics: seeing what happened and tracing where funds went. ChainTrust’s integration appears oriented more toward prevention, screening transactions and addresses in real time before problems escalate.
Sui, developed by Mysten Labs, has positioned itself as a scalability-first Layer 1 with ambitions to attract institutional-grade applications.
Why AI-driven AML is becoming the standard Traditional AML systems work on predefined rules: flag transactions above a certain threshold, block addresses on a sanctions list. These approaches catch the obvious stuff but miss the creative stuff. AI models can detect anomalous patterns, cluster related wallets, and score risk dynamically based on behavioral signals that no human-written ruleset would capture.
ChainTrust’s Alipay heritage is particularly relevant here. Alipay processes billions of transactions and has spent years refining AI models for fraud detection in a high-volume, adversarial environment.
The risk to watch is execution. Integrating real-time screening without introducing latency or false positives that degrade the user experience is genuinely difficult. How ChainTrust’s models perform under Sui’s transaction throughput will be the real test.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
In a strategic move to spearhead the accessibility of tokenized gold products within the DeFi landscape, Creek Finance, a decentralized RWAfi protocol, today announced a crucial integration with Sui Network, a Layer-1 blockchain network. This partnership enabled Creek Finance to launch tokenized gold products (powered by its native XAUm token) on the SUI Network to respond to rising demand, signaling growing investor confidence in such blockchain-based real-world exposures.
Creek Finance is a decentralized RWAfi (real-world finance) protocol that has expertise in transforming physical gold into tradable digital assets. Once tokenized, these assets are integrated into DeFi primitives, including lending, staking derivatives, and yield products for user empowerment.
Creek introduces a new way to unlock the financial utility of tokenized gold on @SuiNetwork.
By staking XAUm from @matrixdock, users enter Creek’s Value Separation model, where gold-backed value is split into two distinct assets:
GY — designed for volatility exposure, built-in… pic.twitter.com/YTCNIQx4kO
— Creek Finance (@creekfinance) June 17, 2026 Creek Finance Connects RWAfi Protocol with SUI Network The collaboration announced above enabled Creek Finance to debut its RWAfi protocol on Sui’s blockchain network. With the integration, Creek Finance introduced a variety of on-chain offerings, such as lending, yield farming, staking, and derivatives, all powered by its gold-pegged token XAUm on SUI’s DeFi ecosystem. Sui, a layer-1 blockchain platform, is recognized for its high speed, low transaction fees, and rapid scalability for DApps (decentralized applications). Its blockchain network powers a huge, fast, and interoperable DeFi infrastructure with unified liquidity and low-latency execution, with global Web3 builders and crypto users taking advantage of its low fees, scalability, and high processing capabilities.
With the RWAfi protocol rollout on Sui, global institutional clients and even retail customers on Sui’s DeFi ecosystem now access Creek’s XAUm assets, using these tokenized gold products to generate on-chain yields without having to sell their gold holdings. The launch allows Sui customers to borrow and swap XAUm, and earn interest using the tokenized gold as collateral. Using this approach, Creek Finance creates a gateway – a new yield-generation layer – for tokenized gold accessible on Sui’s DeFi ecosystem, advancing the utility of real-world gold, redefining how global investors gain exposure to one of the world’s oldest stores of value through tokenized assets.
Bridging the Gap as Gold RWA Meets DeFi This partnership underscores a vital milestone in the journey towards a more enriching and interlinked DeFi space. Creek Finance and Sui have combined their respective expertise, bringing tokenized gold to the Layer-1 blockchain known for high-performance consumer applications, and, as a result, introducing innovative, rewarding tokenized products associated with physical gold on DeFi.
With its RWAfi protocol’s introduction on the high-performance blockchain, Creek Finance allows yield generation, borrowing, lending, and asset trading against tokenized gold, expanding applications of gold’s real-world offerings on DeFi.
AUTHOR
Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.
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Sui (SUI) price continues to lose its ground for the fourth straight day, inching closer to $0.7000 at press time on Friday. On-chain data reveals network resilience with Total Value Locked (TVL) stabilizing around 600 million SUI, while the derivatives traders lean bearish as Open Interest rises amid falling volume and funding rates.
Network remains firms amid broader market sell-offSui is down 20% so far this month, consistent with the broader crypto market decline. However, the ecosystem’s TVL bounced back to 596.39 million SUI on Friday, reflecting a recovery trend stabilizing near the 600 million SUI mark after dipping to 497.77 million SUI on May 11. Typically, a rebound and stability in a network’s TVL reflect its underlying strength and demand.
SUI TVL chart. Source: DeFiLlamaOn the derivatives side, broader market sentiment weighs on SUI traders. CoinGlass data show SUI Open Interest rising by over 1% in the last 24 hours to roughly $500 million, signaling a mild short-term positional buildup.
However, the 23% drop in trading volume to $643 million over the same period reflects reduced trading activity. Meanwhile, the funding rate has slipped marginally below zero, from 0.0044% the previous day, reflecting a shift away from traders willing to pay a premium to buy long positions.
SUI derivatives data. Source: CoinGlassSui remains bearish, risking another downside legSui hovers below the 20-day Simple Moving Average (SMA) at $0.7732 on Friday, extending its decline for the third consecutive day. The 50-day and 200-day Exponential Moving Averages (EMAs) at $0.8785 and $1.2618, respectively, sit well above the price, reinforcing the bearish bias.
From a technical perspective, SUI remains under pressure from a descending trendline near $0.7800, which capped its recovery on Wednesday. That said, the renewed bearish continuation in SUI risks the lower support levels, including the S1 Pivot Point at $0.6895, near the June 6 low at $0.6618.
Momentum shows a failed bullish attempt on the daily chart, as the Relative Strength Index (RSI) near 34 flips back toward the oversold zone. At the same time, the Moving Average Convergence Divergence (MACD) shows contracting histograms and converging average lines, indicating that bullish momentum is easing.
SUI/USDT daily price chart.On the topside, initial resistance is located at the Bollinger Bands’ middle line and 20-day SMA near $0.7732, followed by the descending trendline break level at roughly $0.7800. Above that, a bullish inversion Fair Value Gap (FVG) between $0.8440 and $0.8568 forms a dense upside barrier.
(The technical analysis of this story was written with the help of an AI tool.)
