World Liberty Financial zahájila kroky k zalistování WLFI na kryptoburzách. Token, původně nepřevoditelný governance token, se už na sekundárním trhu obchoduje mezi 0,13 až 0,18 USD.
World Liberty Financial, a decentralized finance (DeFi) platform backed by President Donald Trump and his family, is poised to launch its WLFI token, which could hold significant profits for early investors.
WLFI Token Launch Approaches The company announced on July 4 that it has initiated steps to have its flagship token listed on cryptocurrency exchanges, marking a crucial milestone after months of anticipation.
The WLFI token, which was introduced last year as a non-transferable governance token, is designed to facilitate community voting on the project’s future direction.
Secondary market trading has already commenced on platforms like Whales.market and MEXC, where WLFI has recently traded between $0.13 to $0.18, a notable increase from its initial sale prices of $1.5 and $0.5.
According to the project’s white paper, entities affiliated with the Trump family may collectively hold about one-third of WLFI’s total supply of 100 billion tokens. At current prices, these holdings could represent billions of dollars on paper.
Bruno Ver, market expert and investor in the WLFI token, expressed optimism about its potential value, predicting it could reach between $2 and $5 in the near future.
If the token were to climb to $2, the stake held by the founding entities could theoretically be worth around $60 billion, making it one of the most lucrative Trump-related crypto ventures to date.
Recent estimates suggest that crypto businesses have already added approximately $620 million to Donald Trump’s personal net worth, according to the Bloomberg Billionaires Index.
Experts Warn Of Risks Despite the enthusiasm surrounding WLFI, the White House has emphasized that President Trump is distanced from his business interests, having placed his assets in a family-controlled trust.
The current proposal for token release, dated July 4, aims to unlock a portion of tokens held by “early supporters,” although the term lacks a specific definition within the documentation.
Remaining tokens, including those held by founders and team members, would be subject to future votes and longer lock-up periods to signal a commitment to the project. The proposal is expected to undergo discussion and voting on the Snapshot platform, with a potential timeline extending into August.
However, experts caution that the path to a successful launch might come with risks for early holders. Lex Sokolin, managing partner at Generative Ventures, pointed out that tokens with substantial founder and investor allocations often experience significant price declines over time.
World Liberty Financial’s token launch and the Trump family’s increased interest in digital assets comes on the heels of notable regulatory changes in the US as the Securities and Exchange Commission (SEC) has adopted a more lenient stance toward crypto.
This may signal a sense of confidence from WLFI regarding regulatory scrutiny. Hilary Allen, a law professor at American University, noted that this shift suggests WLFI no longer perceives a threat from the SEC.
The 1D chart shows Trump’s official memecoin struggling to break free from its current downtrend. Source: TRUMPUSDT on TradingView.com Featured image from DALL-E, chart from TradingView.com
DFINITY spustila SEV Subnets na Internet Computer ($ICP), hardwarové zabezpečení, které má zabránit odhalení dat v prostém textu i při fyzickém přístupu k serverům.
@Dfinity has officially launched SEV Subnets on the Internet Computer Protocol ($ICP), a hardware-level security upgrade designed to eliminate plaintext data exposure across the network's node infrastructure.
What SEV Subnets DoThe integration uses Secure Encrypted Virtualization (SEV) to ensure that sensitive data remains encrypted even when a party has direct physical access to the underlying server hardware. The practical implication is significant: anyone gaining physical access to a node machine would find only encrypted bytes, not readable data.
This directly addresses one of the most persistent weaknesses in traditional cloud computing, where data is processed in plaintext within the memory layer. In that conventional model, a data center operator, a rogue employee, or a sophisticated attacker with physical server access could, in principle, read data as it is being processed.
Björn Tackmann, Head of Research at @Dfinity, confirmed that the upgrade resolves this fundamental vulnerability. Tackmann is currently Head of Research at the DFINITY Foundation in Zurich, Switzerland. His role covers the cryptographic and security architecture that underpins the Internet Computer.
Broader Context for ICP's Security ArchitectureThe SEV subnet concept has been in development for some time. Node machines with SEV-SNP virtual machine encryption hardware on board are built so that if an adversary gains physical access, all they find inside is encrypted bytes, though DFINITY notes this technology provides additional protection layered on top of the security guarantees already provided by the protocol's own math and encryption.
The launch also connects to DFINITY's wider infrastructure push. The DFINITY Mission 70 whitepaper recommends making greater use of SEV-capable hardware to operate smaller but more secure subnets, intended to reduce inflation from node rewards and better align payments across the network.
For enterprises evaluating decentralized cloud alternatives, hardware-level memory encryption is increasingly a baseline requirement, particularly in regulated industries handling sensitive financial or personal data. The SEV Subnets launch positions Internet Computer as a more credible option in those conversations.
Sources:
DFINITY Foundation: Mission 70 Whitepaper (internetcomputer.org)
DFINITY: Internet Computer Roadmap 2025 Update (medium.com)
DFINITY Developer Forum: AMD SEV Virtual Machine Support
Meta ustupuje od nuceného přeřazení zaměstnanců do AI školení a nově nechává rozhodnutí na jednotlivcích. Do týmu bylo minulý měsíc přesunuto 7 000 zaměstnanců.
By You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
and Charles Rollet You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Meta CEO Mark Zuckerberg. Bloomberg/Getty Images Meta is walking back its stance on forcing engineers to join a task force focused on AI training, according to an internal memo obtained by Business Insider and four people familiar with the matter.
Last month, Meta reassigned 7,000 employees to units such as an Applied AI task force to help train Meta's coming AI models.
On Wednesday, Meta sent a memo about this task force, saying the company will now "defer to each individual's choice." The company sent the email to employees who had been "drafted," as some described its Applied AI task force.
"As I emphasized before, personal agency will remain at the heart of all opportunities at Meta: we will support employees in whatever decisions they make," the memo said.
"Of course, we'd prefer everyone to stay and push to SOTA together, but we defer to each individual's choice," it read, referring to state-of-the-art.
The memo went on to say that people in the unit would have preferential placement in other parts of the company due to staffing shortages.
Meta declined to comment for this story.
Some employees on Blind called the memo an "undraft."
The task force faced significant backlash last month from employees who compared the job to data labeling.
The reversal comes after chief technology officer Andrew Bosworth addressed a broader morale crisis at the company. During an internal "Tuesdays with Boz" session on June 2, Bosworth told employees that morale was "probably one of the worst it's ever been" in Meta's 20-year history, Business Insider previously reported.
In May, Meta laid off 10% of its staff, or 8,000 people.
Have a tip? Contact Charles via email at [email protected] or on Signal and WhatsApp at 628-282-2811. Contact Pranav via encrypted messaging app Signal at +1-408-905-9124, or email him at [email protected] or [email protected]. Use a personal email address, a nonwork WiFi network, and a nonwork device; here's our guide to sharing information securely.
Read next
Pranav Dixit You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Pranav Dixit is the Meta Correspondent at Business Insider based in the San Francisco Bay Area. He writes about Meta’s products, policies, and internal workings while examining how the company’s decisions shape how billions of people connect and communicate.Previously, Pranav was the India-based technology correspondent for BuzzFeed News, covering the impact of Silicon Valley’s largest companies on the culture, society, and politics of more than a billion people in South Asia. He has also been a senior news editor at Engadget and ran technology coverage at the Hindustan Times, one of India’s largest national newspapers.Pranav’s reporting has shed light on the human consequences of Big Tech’s quest for growth in emerging markets, and sparked widespread conversations about the impact of American technology companies on the Global South. In 2019, he won Syracuse University’s Mirror Award for a boots-on-the-ground feature about how WhatsApp misinformation sparked gruesome lynchings in rural India. He has also reported from Kashmir, a volatile geopolitical hotspot, documenting the world’s longest-running internet shutdown.His work has been widely cited by major national and international publications, and he has been featured on the BBC, Al Jazeera, and podcasts such as Vox Media’s Land of the Giants to discuss his work. He has also spoken in journalism classes including at UC Berkeley’s graduate journalism program. His writing has appeared in The Guardian, Vox, Time, The Information, and Al Jazeera.Pranav moved to the United States in 2021 from New Delhi, India, to be a fellow at Harvard University’s Nieman Foundation for Journalism, where he studied the evolution of the American tech press and ways newsrooms around the world can cover technology and society more effectively.Got a tip about Meta or anything else in Silicon Valley? Contact Pranav via encrypted messaging app Signal (+1408-905-9124), or email him at [email protected] or [email protected]. You can also reach him on WhatsApp at +857-753-3949 or DM him on X (@PranavDixit) or BlueSky (@pranavdixit.bsky.social).Pranav keeps sources anonymous. Please use a non-work device to reach out.Expertise: Meta, Facebook, WhatsApp, Llama, AI, Threads, Instagram, Mark Zuckerberg, social media, platforms, immigration
Charles Rollet You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Charles Rollet is BI's tech correspondent in San Francisco. Prior to joining BI, Charles worked at TechCrunch covering startups and VC. Charles is based in the Bay Area, where he enjoys hiking with his dogs. You can contact Charles securely on Signal at charlesrollet.12 or +1-628-282-2811.
Netflix se propadl na nové 52týdenní minimum kolem 72 USD, asi 46 % pod letošním maximem. Firma přesto dál roste: tržby v 1. čtvrtletí stouply o 16 % na 12,25 mld. USD.
Shares of streaming giant Netflix (NFLX 1.37%) have had a brutal year. The stock peaked near $134 in the middle of 2025, and it has since fallen roughly 46% to about $72 as of this writing, recently touching a fresh 52-week low. For a name that was one of the market's standout performers just a year ago, that is a stunning reversal.
So, is the beaten-down stock finally a buy? With the stock down and second-quarter results scheduled to be released July 16, this is a timely question worth consideration.
Image source: Getty Images.
What knocked Netflix stock down Netflix's slide hasn't come from one bad headline so much as a steady stream of them.
Early this year, the company's agreement to acquire Warner Bros. from Warner Bros. Discovery fell apart when Netflix declined to top a higher rival bid. Though Netflix did walk away with a $2.8 billion termination fee. Around the same time, co-founder Reed Hastings stepped down as chairman at the June 4 annual meeting, closing out a nearly three-decade run.
The bigger blow came with first-quarter results on April 16. The quarter itself was strong. Revenue rose 16% year over year to $12.25 billion, and operating margin widened to 32.3% from 31.7% a year earlier. But after that solid start, management left its full-year 2026 outlook unchanged, still calling for revenue of $50.7 billion to $51.7 billion (12% to 14% growth) and an operating margin of 31.5%. For a stock that had climbed into the report, simply holding the line on its full-year revenue forecast was enough to trigger a sell-off.
Management also guided for second-quarter operating margin to step down about 1.5 points from the year-ago quarter, as content costs are anticipated to land heavily in the first half of the year before easing in the back half.
And then there's the more recent headline about media giant Fox agreeing to acquire the streaming platform and service provider Roku. Netflix was reportedly one of the bidders for Roku.
Some investors may interpret Netflix's recent interest in acquisitions as a sign that it needs to acquire other companies in order to remain competitive.
Is the sell-off a buying opportunity? Step back from the noise, and the underlying business looks healthy.
Netflix's advertising revenue grew more than 2.5 times in 2025 to over $1.5 billion, and management expects it to roughly double again this year to about $3 billion. In markets where the ad tier is available, more than 60% of new sign-ups now choose it. The company also raised its full-year free cash flow forecast to about $12.5 billion and has resumed buying back stock after pausing during the Warner pursuit.
Then there's the valuation. At about $72, Netflix trades at about 23 times analysts' consensus forecast for its earnings per share this year -- the cheapest the stock has looked in years.
Today's Change
(
-1.37
%) $
-1.00
Current Price
$
71.82
With this said, there's good reason for investors to be cautious. Revenue growth appears to be slowing -- from 16% in 2025 toward a guided 12% to 14% this year. And competition across streaming isn't letting up, making a big content budget a necessity to keep growing.
Still, for the first time in a while, the price looks reasonable. But I still wouldn't call the stock a bargain, and there's no guarantee we've found the bottom.
But for long-term investors who have wanted to own the streaming leader and balked at its premium, a price near a 52-week low -- on a business still growing revenue in the mid-teens and doubling its ad sales -- looks like one of the more reasonable entry points Netflix has offered in years.
GM přidá do Brazílie dalších 3,5 miliardy reais a celkově tam do roku 2028 plánuje investovat 10,5 miliardy reais. Peníze půjdou na hybridní modely, modernizaci továren a rozšíření výroby v São Paulu.
The GM logo is displayed at the General Motors headquarters in Detroit, Michigan, U.S., January 12, 2026. REUTERS/Rebecca Cook/File Photo Purchase Licensing Rights, opens new tab
CompaniesSAO PAULO, June 24 (Reuters) - General Motors (GM.N), opens new tab announced on Wednesday it would invest an extra 3.5 billion reais ($674.88 million) in Brazil, expanding its commitment to the country's auto industry by 50% and supporting production of hybrid vehicles and factory modernization.
The new amount adds to 7 billion reais announced in 2024, bringing GM's total planned investment to 10.5 billion reais until 2028, it said in a statement.
The investment will go mainly to the company's operations in Sao Paulo state, the most populated and wealthiest in the country.
It will support Chevrolet portfolio renewal, incorporation of new technologies including hybrid models, factory modernization and expansion of engineering and manufacturing capabilities.
The initiative will also contribute to generating qualified jobs and strengthening the competitiveness of Brazil's auto industry, the company said.
($1 = 5.1861 reais)
Stay up to date with the latest news, trends and innovations that are driving the global automotive industry with the Reuters Auto File newsletter. Sign up here.
Reporting by Paula Laier and Fernando Cardoso; Editing by Sonali Paul
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Propy plánuje rozšíření za 100 milionů dolarů na nákup titulních firem v USA a chce jejich provoz zefektivnit pomocí blockchainu a AI. Firma zároveň uvedla, že jejím cílem je valuace 1 miliardy dolarů.
Propy CEO Natalia Karayaneva (Propy, modified by CoinDesk)Summary
Propy оголосила про розширення на суму 100 мільйонів доларів для придбання компаній з оформлення прав власності на нерухомість по всій території США та оптимізації операцій за допомогою блокчейну та штучного інтелекту.Компанія має на меті досягти оцінки у 1 мільярд доларів шляхом об’єднання прибуткових, середніх за розміром компаній у сфері титулів, повідомила генеральний директор Наталія Караянева.Propy також розробила AI-агента ескроу, Агента Ейвері, щоб зменшити неефективність і заощадити близько 40% робочого навантаження у операціях з нерухомістю.Спеціаліст із токенізації нерухомості Propy окреслив плани щодо розширення на 100 мільйонів доларів для придбання середніх компаній із оформлення титулів власності по всіх США, прагнучи оптимізувати галузь, яка досі значною мірою покладається на ручні процеси, за допомогою блокчейн-технологій та штучного інтелекту (AI).
Упродовж наступних 12 місяців ми плануємо придбати регіональні титульні компанії по всій країні, — заявила генеральний директор Propy Наталія Караянева в інтерв’ю Coindesk. — Це дозволить нам досягти оцінки в один мільярд доларів як технологічна компанія.
Для залучення коштів на ролапи Propy звернулася до поєднання традиційних та ончейн-кредиторів, зокрема з децентралізованої фінансової (DeFi) кредитної платформи Morpho. Propy стверджує, що це один із перших відомих прикладів використання ончейн-приватного кредитування для фінансування злиттів і поглинань (M&A).
Плани розширення з’являються в той час, коли зростає інтерес до токенізації нерухомості — зусилля з цифровізації прав власності на нерухомість та оптимізації транзакцій за допомогою блокчейну для підвищення ефективності. Компанії з оформлення прав власності зосереджуються на перевірці історії власності об’єкта та забезпеченні відсутності юридичних претензій, застав чи спорів, які можуть вплинути на продаж. Вони також видають страхування титулу та керують передачею юридичної власності під час операцій з нерухомістю.
Це ринок обсягом 25 мільярдів доларів, який досі переважно ведеться на паперових носіях і розподілений між майже 7 000 компаній, багато з яких є невеликими сімейними підприємствами, пояснила генеральний директор Propy Наталія Караянева в інтерв’ю Coindesk.
Компанія Propy є ліцензованою титульною фірмою і обробила цифрові операції з нерухомістю на суму 4 мільярди доларів, автоматизуючи трудомісткі процеси за допомогою штучного інтелекту. Придбавши титульні фірми середнього розміру в таких штатах, як Каліфорнія, Флорида та Техас, компанія планує оптимізувати операції, зменшити шахрайство та прискорити час закриття угод, використовуючи технології блокчейн та ШІ, додала вона.
У центрі зусиль Propy — агент Avery, штучний інтелект для ескроу, який було створено для вирішення неефективностей, що займають більшу частину часу офіцера ескроу, повідомила компанія.
Агент Avery був навчений на основі транзакційних даних Propy та працює цілодобово, підтримуючи як традиційні, так і криптовалютні платежі. За оцінками компанії, цей інструмент може скоротити навантаження приблизно на 40%, що дозволяє агентам укладати більше угод.
Разом із розширенням та розвитком штучного інтелекту Propy також додала до своєї консультативної ради колишнього посадовця Міністерства фінансів США Кріса Кемпбелла та співзасновника Science Inc. Майка Джонса, які приєдналися до попередніх призначень, зокрема колишнього комісара SEC Майкла Півоваара.
Binance ukončuje obchodování s Monero (XMR), Multichain (MULTI), Vai (VAI) a Aragon (ANT) v rámci pravidelné kontroly. Obchodování skončí 20. února 2024 ve 03:00 UTC, vklady 21. února 2024 a výběry 20. května 2024.
Binance, the world’s leading crypto exchange, has announced the delisting of four digital currencies, including Monero (XMR), Multichain (MULTI), Vai (VAI), and Aragon (ANT). The decision to remove these tokens from the platform comes as part of Binance’s periodic review process.
According to the latest announcement, the delisting process is scheduled to take effect on February 20, 2024, at 03:00 a.m. UTC. Following this, all trading pairs associated with these tokens, including ANT/BTC, ANT/USDT, MULTI/USDT, USDT/VAI, XMR/BNB, XMR/BTC, XMR/ETH, and XMR/USDT, will cease to be available for trading. Additionally, deposits of these tokens will not be credited to user accounts after February 21, 2024. Moreover, withdrawals for these tokens will be not supported after May 20, 2024.
Why Did Binance Decide To Delist Monero, Multichain, Vai & Aragon? Binance’s decision to delist these tokens is guided by a comprehensive assessment of various factors. These include the commitment of the project teams, development activity, trading volume, network stability, public communication, responsiveness to due diligence requests, and contribution to a healthy crypto ecosystem. Any evidence of unethical conduct or negligence also weighs into the decision-making process.
Monero, known for its privacy features, has faced scrutiny from regulatory bodies due to its potential use in illicit activities. While it offers anonymity to users, this very feature has raised concerns among authorities regarding its susceptibility to use in money laundering and other illegal transactions.
Multichain, Vai, and Aragon, while not as widely recognized as Monero, have also failed to meet Binance’s standards in terms of development activity, trading volume, and network stability. The delisting of these tokens underscores the crypto exchange’s commitment to maintaining a trustworthy trading environment for its users.
Also Read: Binance Tops CME In Bitcoin Futures, Is Bitcoin ETF Demand Over?
Implications Of Delisting In addition to the delisting of Monero, Multichain, Vai, and Aragon trading pairs from the spot market, Binance will also remove these pairs from its margin trading platform, futures trading, and various other services. This includes Binance Margin, Binance Futures, Binance Simple Earn, Binance Auto-Invest, Binance Loans, Binance Convert, Binance Gift Card, Binance Pay, and Trading Bots.
Despite the delisting, the CEX ensures that users’ funds are safeguarded. Any remaining balances in delisted tokens will be automatically converted into stablecoins on behalf of users. However, it’s important to note that the conversion is not guaranteed, and users will be notified before the process begins. The stablecoins will then be credited to user accounts after the conversion.
In response to the delisting announcement, users are advised to close any open positions and withdraw their assets in the above-mentioned trading pairs. In addition, they are advised to manage any associated products such as Simple Earn, Auto-Invest, Loans, Margin, Futures, Convert, Gift Cards, Pay, and Trading Bots before the stipulated deadlines to avoid any potential losses.
Also Read: Binance Co-founder Announces $5 Million Reward for Reporting Insider Trading
Binance automaticky převede 10 delistovaných tokenů na USDC a do 28. dubna 2025 připíše odpovídající hodnotu do peněženek uživatelů. Mezi nimi jsou VAI, TORN, OMG, WAVES, XEM, BOND, DOCK, MDX, POLS a PURSE.
In a blog post on Tuesday, Binance Exchange, the largest crypto trading platform by volume, announced the automatic conversion of several delisted tokens to USDC.
This action will be executed based on the average token to USDC exchange rate within the conversion period.
What Binance Exchange Users Need To KnowAfter delisting 10 tokens from its catalog, Binance said in a follow-up message that it would convert them to USDC automatically, enabling holders to access their funds. After the conversion happens, the exchange will credit the stablecoin equivalent of the affected tokens to users’ wallets by April 28, 2025. The tokens include:
Vai (VAI) Tornado Cash (TORN) OMG Network (OMG) Waves (WAVES) NEM (XEM) BarnBridge (BOND) Dock (DOCK) Mdex (MDX) Polkastarter (POLS) Pundi X PURSE (PURSE) Read more: Binance Review 2024: Is It the Right Crypto Exchange for You?
Holders of these tokens should adjust their trading strategies accordingly to prepare for the upcoming changes. Failure to do so by October 28 would see them automatically converted to USDC, effectively phasing out the affected tokens from the exchange.
“During the Conversion Period [between October 29, 2024 and April 28, 2025], users will not be able to view the above tokens in their Binance wallets,” Binance articulated.
In this regard, it is worth mentioning that the history of Binance’s tokens delisting often inspires volatility. For instance, the exchange delisted six altcoins around mid-August, causing double-digit price drops for PowerPool (CVP) and Ellipsis (EPX). These tokens also featured among the delisted assets.
However, Binance is not only removing several tokens but also adding new ones to its platform. One of the notable additions is Scroll (SCR), a zkRollup scaling solution for Ethereum.
As per the announcement, SCR will be listed on October 11, with pre-market trading for the SCR/USDT pair set to open. This move supports Ethereum’s scalability by enabling faster, more efficient transactions while maintaining security and decentralization.
“Binance is excited to announce the 60th project on Binance Launchpool – Scroll (SCR), a Bytecode-level compatible zkEVM Rollup,” an excerpt in Binance’s announcement read.
Read more: What are Crypto Airdrops?
With this listing notice, Binance becomes the first platform to list Scroll’s powering token. The exchange will also airdrop 55,000,000 SCR, representing 5.5% of the total supply. Airdrop farming will start on Wednesday, October 9. The participants must lock their BNB and FDUSD to receive the SCR tokens.
Threshold Network spustil upgrade tBTC, který umožňuje přímé mintování na podporované řetězce z jediné BTC transakce, bez dalších schválení a s nulovým gas poplatkem. Nová verze zároveň zjednodušuje redeem zpět na Bitcoin mainnet.
New York, United States, November 11th, 2025, Chainwire
Threshold Network has rolled out protocol upgrades and a refreshed website to reinforce tBTC’s position in Bitcoin onchain markets. This enhances tBTC’s role as the trusted tokenized Bitcoin, bridging Bitcoin’s onchain capital concentration to decentralized financial markets.
Recent analysis shows that 1M addresses hold over $100k; 157,000 hold over $1 million, and 19,142 addresses hold more than $10 million in Bitcoin. Together, these addresses represent an estimated $500 billion in value, a figure that has accelerated since U.S. spot ETF approvals in 2024. Although individuals control about 65.9% of the total Bitcoin supply, the majority are affluent investors rather than small retail holders.
Since the approval of U.S. spot Bitcoin ETFs, institutional participation has grown rapidly. Institutional holdings reached $414 billion in August 2025, driven by ETF inflows and corporate treasury strategies. Corporate reserves increased 40% in Q3 to $117 billion, while 172 listed companies now hold Bitcoin, collectively owning over 1 million BTC. MicroStrategy remains the largest corporate holder with 640,000 BTC, and as of October 2025, U.S. spot Bitcoin ETFs manage $169.48 billion in assets, representing 6.79% of Bitcoin’s market cap. Threshold sees this shift as an opportunity to shift to institutional positioning.
Renewed Focus: Institutional Access with Bitcoin’s Integrity
The redesigned Threshold Network website features a clean, minimal layout designed for clarity and accessibility. It represents Threshold’s transition from a single protocol to a comprehensive ecosystem that enables Bitcoin to move freely across financial markets.
The accompanying tBTC app has been upgraded to simplify the Bitcoin-to-DeFi experience. Users can now mint tBTC directly to supported chains with a single BTC transaction, without secondary approvals or unnecessary steps. Redemptions back to Bitcoin mainnet are equally straightforward, mirroring Bitcoin’s simplicity while maintaining full decentralization.
The upgrade also introduces several new features:
Use tBTC: A new section built to help users discover where they can deploy tBTC or put their Bitcoin to work. It provides a comprehensive overview of tBTC integrations across multiple DeFi protocols. Vaults: a new dashboard that consolidates integrated tBTC vault strategies into a single interface. It allows users to access curated, externally managed vault strategies built for ease of use. My Activity: This section offers a unified record of all user actions across minting, redeeming, and vault participation. Every transaction is logged onchain, allowing users to easily track their history and monitor performance over time.
The New tBTC App: Simplicity and Precision for Large Scale Adoption
The new tBTC app introduces a simplified interface focused on efficiency, transparency, and security. It allows users to move between Bitcoin and DeFi markets seamlessly while maintaining complete self-custody of their assets.
Streamlined Minting and Redemption
Users can now move effortlessly between Bitcoin and a range of supported networks, including Ethereum, Layer 2s, and non-EVM chains, through a single, seamless process.
This new functionality removes the friction traditionally involved in bringing Bitcoin into DeFi. Users can now mint and redeem tBTC quickly, securely, and without unnecessary costs or approvals.
Direct minting to supported chains enables capital to flow efficiently into DeFi markets, allowing institutions to deploy Bitcoin liquidity across multiple ecosystems without relying on centralized intermediaries. Direct redemption to Bitcoin mainnet gives users confidence that they can always return to native Bitcoin, maintaining trust and liquidity across all use cases. No Layer 2 signing required means that even complex transactions can be completed with a single Bitcoin transfer, reducing operational overhead for institutional treasuries and simplifying onboarding for individual users. Together, these upgrades position tBTC as the most efficient and permissionless access for Bitcoin in DeFi markets.
Gasless Minting on Supported Networks
Gasless minting is now possible on supported networks. Users only need to deposit Bitcoin; no wallet signatures or additional gas fees are required. They simply connect their wallet, send Bitcoin to a single-use address, and receive tBTC on their chosen chain. This feature allows users to utilize Bitcoin capital efficiently without compromising custody or cost.
“This is a major protocol upgrade that represents Threshold’s maturity as a network,” said Callan Sarre, Co-Founder and CPO of Threshold Labs.
“We’ve rebuilt the app to give users a unified experience. Mint, redeem, and deploy Bitcoin faster, with confidence and transparency. The new interface delivers what users, both institutional and individual, have consistently asked for: clarity and control without compromise.”
Building the Future of Bitcoin
Threshold Network, a cross-chain Bitcoin infrastructure protocol that enables BTC to move securely across multiple blockchains, has upgraded its app to support direct minting to supported networks with zero gas fees. The upgrade allows Bitcoin holders to access yield strategies, lending markets, and liquidity provision without first routing transactions through Ethereum Layer 1.
This release enables users to mint tBTC directly from the Bitcoin network into supported onchain ecosystems, removing the need for L1 bridging and significantly simplifying user onboarding.
“The scale of institutional adoption since ETF approvals has been extraordinary,” said MacLane Wilkison, Co-Founder and CEO of Threshold Labs.
“Our focus is on building the infrastructure that allows institutions, funds, and corporates to interact with Bitcoin onchain securely. As traditional finance integrates Bitcoin into its portfolios, tBTC stands as the bridge that ensures this participation remains decentralized and transparent.”
With tBTC available across major ecosystems, including Ethereum, Arbitrum, Base, Polygon, Sui, Starknet, BOB, and Optimism, Threshold continues to expand its integrations to increase liquidity and, soon, enable access to institutional capital.
Users can explore the new app and website at https://threshold.network
About Threshold Network
Threshold Network is the decentralized protocol behind tBTC, a permissionless 1:1 Bitcoin-backed asset secured by a 51-of-100 threshold signer model. tBTC enables native BTC to move across chains like Ethereum, Base, Sui, Arbitrum, and Starknet without requiring custodians or compromising security. With over 5 years of proven security and about $4.8B in bridge volume, Threshold offers the most battle-tested, trust-minimized Bitcoin infrastructure onchain.
Contact Head of Marketing
RC Ramos
Threshold Network [email protected]
tBTC v roce 2025 dosáhl kumulativního objemu transakcí 26 355 BTC a TVL vrcholilo na 6 500 BTC. Threshold Network zároveň spustil novou aplikaci, čtyři vaulty a integraci s 20 DeFi protokoly.
2025 was a defining year for Threshold Network and its core product, tBTC. Across networks, integrations, and infrastructure, the protocol continued to strengthen its role as a multi-chain Bitcoin asset, with steady adoption and evident progress across key metrics.
By year’s end, cumulative transaction volume reached 26,355 BTC, reflecting sustained usage as Bitcoin liquidity moved onchain across an expanding set of environments.
tBTC 2025 Wrapped Video by Threshold Network
Supply Growth and Network MilestonesOn October 8, 2025, tBTC reached several important milestones. Total value locked peaked at 6,500 BTC, while total supply reached its highest level in USD terms at $806,124,000. These figures marked a high point for tBTC’s presence across supported networks.
Just days later, on October 12, tBTC recorded its highest holder count of the year, reaching 18,136 holders—highlighting broad participation across chains.
tBTC 2025 in Review - Highest TVL
tBTC 2025 in Review - Peak SupplyProduct Evolution and Strategic RepositioningA significant milestone for tBTC in 2025 came on November 11, with the launch of both a redesigned tBTC application and a refreshed Threshold Network website. Together, these releases marked a clear step forward in product experience and long-term positioning.
Gasless tBTC Minting and Direct RedemptionsThreshold released an updated tBTC app that enables users to mint tBTC gaslessly and redeem directly back to native BTC. The new interface simplifies the full lifecycle of moving Bitcoin onchain, offering clearer steps, reduced friction for first-time users, and transparent communication around tBTC’s security guarantees and 1:1 backing.
The experience also surfaces real-time data and provides more intuitive guidance on how and where tBTC can be deployed across onchain markets.
Explore the updated app and documentation:
https://app.threshold.network
Strategic Repositioning for Long-Term ScalabilityIn parallel with the app upgrade, Threshold Network introduced a redesigned website that strengthens its identity as the Bitcoin standard for onchain finance and presents a clearer, more forward-looking vision for tBTC.
The rebrand reflects a strategic repositioning focused on long-term scalability and clarity as Bitcoin adoption continues to expand onchain.
Read the full announcement:
https://www.threshold.network/blog/tbtc-simplifying-bitcoin-onchain/
Image from: https://www.threshold.network/blog/tbtc-simplifying-bitcoin-onchain/Improved Transparency with a New Dune DashboardTo further support transparency and ecosystem insight, a new Dune Analytics dashboard for tBTC was released. The dashboard offers improved visibility into minting and redemption activity, supply metrics, and protocol-level flows—supporting users, researchers, and integrators who rely on clear data to understand how BTC moves across onchain markets.
Visit the latest Threshold Dune dashboard:
https://dune.com/threshold/tbtc-performance-dashboard
New Threshold Dune DashboardExpanding Infrastructure and IntegrationsInfrastructure growth remained a core focus throughout 2025. tBTC expanded its vault ecosystem with the launch of four new vaults:
UpshiftEmberYield BasisNoon
tBTC 2025 in Review - Vault IntegrationsIn parallel, tBTC integrated with 20 DeFi protocols, extending Bitcoin liquidity into new onchain financial use cases and strengthening its presence across major platforms.
Strengthening Multi-Chain ReachtBTC reinforced its multi-chain footprint in 2025 with launches on three new chains:
SuiMezoStarknet
tBTC 2025 in Review - Chains Launched These additions further positioned tBTC as a Bitcoin asset designed for use across multiple networks.
Distribution Across ChainsBy total value locked, the top five chains supporting tBTC in 2025 were:
Ethereum – $578MArbitrum – $13MStarknet – $11.8MSolana – $6MBase – $5MBy holder count, the leading chains were:
Ethereum – 9,571 holdersBase – 3,474 holdersOptimism – 2,139 holdersPolygon – 2,056 holdersArbitrum – 1,120 holdersLiquidity ConcentrationLiquidity in 2025 remained concentrated across major venues. The largest tBTC pools by supply were:
Aave – $154MCurve – $99MSparkLend – $12MLooking AheadThe milestones reached in 2025 reflect more than growth in numbers; they signal growing confidence in tBTC as Bitcoin continues to move onchain across multiple networks. Expanded vault infrastructure, broader protocol integrations, and increasing participation across chains all point to a maturing asset built for sustained use.
As tBTC enters the next phase, the focus remains on delivering reliable, scalable, and secure access to Bitcoin across an increasingly multi-chain environment. With infrastructure in place and liquidity established across major venues, tBTC is positioned to support the next wave of onchain Bitcoin activity, where utility, accessibility, and reach continue to expand.
Noon spustil tBTC Vault na Starknetu přes Vesu, který umožňuje držet expozici vůči BTC a zároveň využívat onchain finanční nástroje s řízením rizika. Cílové APY je zhruba 10 %.
Bitcoin markets have stabilized, shifting participants' focus from short-term price action to disciplined, capital-efficient structures and advanced risk management. As adoption matures, demand rises for BTC-denominated frameworks that let holders maintain exposure while engaging with onchain financial infrastructure.
Noon is extending its vault framework to Bitcoin, launching the tBTC Vault on Starknet via Vesu. This vault lets Bitcoin holders keep BTC exposure while using onchain financial tools with clear risk controls.
This launch brings together three complementary systems in a first-of-its-kind integration:
tBTC’s trust-minimized Bitcoin bridge for native BTCNoon’s multi-venue strategy framework that delivers diversified exposureVesu’s institutional-grade lending infrastructure on Starknet.Demand for structured, reliable BTC frameworks is growing among institutions and sophisticated participants, with interest rising in tBTC-based strategies as DeFi infrastructure matures. (Source: Forbes https://www.forbes.com/sites/digital-assets/2025/12/01/bitcoins-november-selloff-was-a-stress-testand-defi-quietly-passed/)
Using tBTC as CollateralNoon’s tBTC vault lets users access stablecoin strategies while keeping BTC as the core asset. Borrowing starts at a conservative 50% loan-to-value, and automated controls reduce risk if thresholds are reached, protecting users during volatility.
Noon tBTC Yield VaultA Track Record of OutperformanceOver the past several months, Noon has delivered stronger performance than competitors such as Ethena, Resolv, and other-structured yield protocols. This has not been accidental.
Noon’s advantage comes from widening its search for yield beyond a single sector. The team actively evaluates opportunities across DeFi, CeFi, and TradFi, selecting strategies that balance attractive returns with disciplined risk management. Many of these opportunities are typically available only to large-scale investors due to high minimum allocations, but Noon structures them so they are accessible to its users. These strategies ultimately determine the performance of sUSN.
The tBTC-Denominated VaultThe new tBTC vault on Starknet follows the same principles but is tailored to Bitcoin holders' needs. After borrowing stablecoins against tBTC, Noon deploys those stablecoins into lending markets to execute leveraged looping strategies. This involves lending stablecoins, borrowing against them, and repeatedly redepositing. The objective is to amplify yield from interest-bearing positions while keeping leverage and risk levels under control.
The target APY for this vault is approximately 10%, reflecting a balanced approach to performance and stability.
Noon tBTC Yield Vault Performance | Threshold NetworkPositioning for the Next Phase of Bitcoin FinanceIntegrating tBTC into Noon’s vault framework reflects a broader evolution in how Bitcoin is used onchain. The structure enables BTC holders to maintain Bitcoin exposure while engaging with BTC-denominated strategies implemented under defined risk parameters and transparent infrastructure.
By combining tBTC’s trust-minimized design with Noon’s strategy framework and Vesu’s lending architecture on Starknet, the vault provides a clear, disciplined model for structured Bitcoin participation in onchain markets.
Disclosure: Participation in Noon vaults carries market, smart contract, and counterparty risks, as well as the potential loss of capital. Target outcomes and projected metrics are not guaranteed; actual results may vary with market conditions. This material is for informational purposes only and does not constitute investment advice, an offer, or a solicitation.
tBTC has always been designed with a clear objective: bring Bitcoin onchain in a way that prioritizes security, transparency, and reliable market behavior. Over time, usage has grown steadily, onchain performance has remained consistent, and tBTC has continued to function as intended across a wide range of market conditions.
This update builds on that foundation.
Fee waivers for $T stakers are now live on Threshold Network, introducing a new way for active participants to reduce execution costs while reinforcing the economic alignment between protocol usage and governance.
This change does not alter how tBTC works. Instead, it refines the economics around how participants interact with the bridge, particularly at scale.
Improving Capital Efficiency Without Workflow ChangestBTC mint and redemption fees (20 bps each) support decentralized bridge operations and can be partially or fully offset by staking $T. Staking unlocks waiver capacity on a rolling 30-day window, every 100,000 T staked offsets 0.001 tBTC in bridge fees, applicable to both minting and redemption.
Note: Per TIP-109, the tBTC mint fee was reinstated at 20 bps on April 15, 2026, matching the redemption fee.
Staking WaiversFor participants, this means:
Lower effective execution costs over timeImproved arbitrage efficiency between BTC and tBTCTighter pricing and more reliable liquidityNo changes to custody, settlement, or operational workflowsThe mechanism is opt-in and parameterized, allowing participants to plan around fee exposure with greater precision.
Predictable Parameters, Sustainable tBTC-BTC SpreadtBTC is designed to track Bitcoin as closely as possible. Reducing redemption friction improves arbitrage efficiency, which in turn supports a tighter BTC–tBTC spread and more stable secondary markets.
Early data indicate the mechanism is functioning as intended, reinforcing pricing reliability while maintaining the protocol’s conservative security assumptions.
tBTC - BTC - WBTC Spread | Threshold NetworkThe fee waiver system is intentionally straightforward:
Waiver capacity applies over a rolling 30-day windowEvery 100,000 $T staked offsets up to 0.001 tBTC in eligible feesMinting remains free; redemption fees are offset via waiversUnstaking requires a 30-day periodGovernance participation is unaffectedThis structure favors sustained participation and minimizes short-term distortions. It’s particularly relevant for frequent bridgers, market makers, arbitrageurs, and long-term $T holders, as well as institutions looking for a more capital-efficient way to move Bitcoin onchain. Even users who don’t stake may see benefits through tighter pricing, improved liquidity, and more reliable tBTC markets overall.
Where to stake T TokensStaking $T is optional. Eligible participants may access available fee waivers in accordance with applicable protocol parameters. $T token is available on most decentralized exchanges and major CEX's.
See where you can find $T at https://coingecko.com/en/coins/threshold-network-token
Disclaimer: This blog post is provided for informational purposes only and does not constitute financial, investment, legal, or tax advice. Nothing contained herein should be construed as an offer, solicitation, or recommendation to acquire, dispose of, or stake any digital asset.
January 2026 marked a strong start to the year for Threshold Network, with continued growth in tBTC adoption, a new vault launch, and deeper engagement with Bitcoin’s onchain role. As market conditions shifted, Threshold remained focused on resilience, trust-minimized design, and sustainable Bitcoin utility.
Throughout the month, Threshold Network advanced its core mission of bringing Bitcoin onchain without compromising its security model or economic integrity. Key research, protocol updates, and ecosystem expansions reinforced tBTC’s position as a reliable, production-ready bridge for Bitcoin liquidity.
HighlightstBTC has surpassed 48,000 BTC in cumulative volume to date and is on track to reach the 50,000 BTC milestone in Q2.Jan 27: Threshold released the tBTC Blueprint Report by Alea Research, detailing tBTC’s 800% growth since 2024 and underscoring its security and resilience relative to other tokenized Bitcoin alternatives.Jan 19: Amid market cycles, tBTC continued steady growth with 5,942 BTC in TVL and 97 percent of supply concentrated on Ethereum, signaling sustained Jan 5: The tBTC Noon Vault went live in partnership with Vesu and Starknet, introducing a structured BTC-denominated onchain positioning strategy.Jan 5: tBTC redemption fee waivers for $T stakers are now available on the Threshold App, reducing execution costs while strengthening protocol and governance alignment.MilestonestBTC Continues Steady Growth Amid Market CyclesOn January 19, tBTC continued to demonstrate resilience and sustained adoption amid broader market cycles. Total value locked reached 5,942 BTC, with 97 percent of supply concentrated on Ethereum, signaling consistent onchain demand and real usage.
These metrics reflect tBTC’s role as a production-ready Bitcoin bridge built without leverage, rehypothecation, or opaque yield mechanics. Its trust-minimized design continues to support predictable behavior across varying market conditions while preserving Bitcoin’s core principles.
tBTC Continues Steady Growth | Threshold Network
tBTC Redemption Fee Waivers for $T Stakers tBTC was designed to bring Bitcoin onchain while prioritizing security, transparency, and reliable market behavior. As adoption has increased, onchain performance has remained consistent across a wide range of market conditions.
The introduction of redemption-fee waivers for $T stakers builds on this foundation by reducing execution costs for active participants and reinforcing alignment between protocol usage and governance. This update refines the economics of interacting with the bridge, particularly at scale, without altering tBTC’s underlying mechanics.
Learn more about fee waivers for $T stakers:
tBTC redemption fee waivers are now live for $T stakers
Ecosystem GrowthNoon tBTC Yield Vault Goes Live and Gains Early TractionOn January 10, the Noon-tBTC Yield Vault launched on Threshold Network in partnership with Vesu, Starknet’s largest lending platform. Built around disciplined Bitcoin yield strategies, the vault initially targeted a 10 percent APY. Within two days, it reached $454,060 in TVL with a 7-day APY of 6.79 percent, signaling early interest in structured Bitcoin yield products.
Explore the vault: https://app.threshold.network/vaults/starknet-noon
tBTC Noon Vault Goes Live | Threshold NetworktBTC Blueprint Report by Alea ResearchBitcoin onchain is entering a phase where security, custodianship, and protocol design matter more than ever, and Threshold Network continues to advance this standard through tBTC.
The tBTC Blueprint Report by Alea Research focuses on tBTC and Threshold Network as a reference model for trust-minimized Bitcoin infrastructure. It analyzes how Threshold’s architecture, incentive design, and custody assumptions support scalable Bitcoin liquidity while maintaining predictable market behavior and strong security guarantees.
tBTC Blueprint Snapshot via Alea Research | Threshold NetworkMedia HighlightsThreshold featured in Decrypt on stake-based fee waiversOn January 23, Decrypt Media featured Threshold’s introduction of stake-based redemption fee waivers, highlighting how the update reduces execution friction and supports tighter pricing across Bitcoin markets.
Read the Decrypt feature to learn more: https://decrypt.co/355453/threshold-network-introduces-stake-based-fee-waivers-to-strengthen-tbtc
Bitcoin allocation strategies on The Daily StackOn January 30, Callan Sarre joined Bitcoin News’s The Daily Stack podcast to discuss how Bitcoin can be allocated across different risk profiles, including emerging opportunities powered by tBTC. The conversation explored how using Bitcoin as collateral can contribute to economic security to blockchain networks with relatively low financial risk.
Watch a snippet of the podcast episode: https://x.com/TheTNetwork/status/2017227776865267906
Threshold Labs CPO and Co-Founder Callan Sarre at Bitcoin News | ThresholdBitcoin resilience under stressOn January 27, Callan Sarre, Co-Founder and CPO at Threshold Labs, shared insights with Decrypt Media on how miners respond to grid stress while Bitcoin’s consensus layer continues to operate as designed.
New Threshold Labs Member | Threshold NetworkRecently, we welcomed Vicky to Threshold Labs as a Software Engineer. Vicky brings 14 years of software engineering experience and has been active in crypto since 2017.
Vicky previously worked on NuCypher starting in 2016 and was directly involved in creating the Threshold Network smart contracts, giving her deep historical and technical context across the Threshold stack. Her experience strengthens the team’s ability to maintain and evolve core protocol infrastructure.
Looking AheadAs 2026 unfolds, Threshold Network remains focused on strengthening Bitcoin’s role onchain through trust-minimized infrastructure and aligned economic incentives. Upcoming work will continue to prioritize protocol resilience, measured ecosystem expansion, and deeper integration across Bitcoin-native and emerging environments.
In the months ahead, Threshold will advance research, product development, and partnerships that support sustainable Bitcoin liquidity and long-term network security. The goal remains clear: make Bitcoin more usable without compromising the principles that underpin its value.
Follow Threshold Network for upcoming updates and releases.
Threshold Network spustil Unified Bitcoin App, která v jednom rozhraní spojuje minting, redeeming, bridging, tracking i BTC swapy. Aplikace propojuje Bitcoin s Ethereum, Arbitrum, Base, Sui a Starknet.
[PRESSS RELEASE – New York, United States, March 3rd, 2026]
Threshold Network, the decentralized blockchain protocol behind tBTC, has introduced an update to its decentralized application featuring an all-in-one Unified Bitcoin App that enables users to route Bitcoin across major chains through a single interface.
This new unified routing interface brings minting, redeeming, bridging, tracking, and native BTC swaps into a single application: The Threshold App. Users can now move Bitcoin across ecosystems through a coordinated system, rather than stitching together multiple tools or navigating between different Decentralized protocols.
This release simplifies how Bitcoin enters and moves across DeFi, offering a more user-friendly on-chain experience with tBTC. Whether a transaction requires a swap, a bridge, or multiple steps, execution is seamlessly coordinated through a single interface
Coordinated Execution Instead of Fragmented Workflows
Historically, moving BTC into tBTC and across chains required multiple disconnected workflows: minting in one app, bridging via another protocol, swapping on separate exchanges, and manually checking the best price for each transaction. This fragmented process introduced friction, higher execution risk, added costs, and unnecessary complexity for users attempting to access DeFi with Bitcoin.
The Threshold All-in-one Bitcoin Liquidity App streamlines this experience by consolidating minting, bridging, swapping, and cost tracking into a single coordinated interface. Instead of manually comparing bridges and liquidity venues, users receive optimized routing options based on cost, speed, and reliability, such as the fastest or lowest-cost path: all within the Threshold Network App.
By abstracting multi-step transactions into a single seamless flow, the router significantly lowers the barrier for Bitcoin holders to use BTC across major ecosystems, including Ethereum, Arbitrum, Base, Sui, Starknet, and other integrated chains. The result is a simpler, more efficient way to move Bitcoin into DeFi.
Native BTC Execution with Deep Liquidity
Native BTC swaps are integrated directly into the routing engine, leveraging deep Ethereum liquidity to deliver competitive pricing and more efficient execution compared to fragmented, chain-specific pools.
“Capital should move efficiently across chains without requiring users to manage infrastructure decisions,” said MacLane Wilkison, Co-Founder of Threshold Network. “The new Threshold Bitcoin app coordinates liquidity sourcing and settlement behind the interface, enabling more efficient Bitcoin deployment across ecosystems.”
The update also strengthens the utility of Threshold’s token (T). The App tracks staked $T from the connected wallet and automatically applies minting and redemption fee waivers for eligible users. Gasless minting remains available as an opt-in feature, further reducing transaction costs.
Additionally, the router enables streamlined conversions from assets such as WBTC and cbBTC directly into tBTC on the destination chain, providing more direct and efficient access to Bitcoin liquidity across DeFi ecosystems.
Integrated Infrastructure Across Major Networks. Currently, the router connects Bitcoin, Ethereum, Arbitrum, Base, Sui, and Starknet within one coordinated framework. It integrates native tBTC mint and redeem flows, established bridging infrastructure, and DEX aggregation to ensure reliable settlement across chains.
All transactions are tracked in real time and are fully resumable. If a user disconnects or closes a session, progress is preserved. Fee logic is staking-aware, with eligible T stakers seeing applicable redemption fees waived directly within the interface.
New Features:
Unified Routing Interface: Enables minting, redeeming, swapping, and bridging from a single entry point. Users select source and destination assets, and the system automatically constructs the optimal execution path. Multi-Chain Connectivity: Supports Bitcoin, Ethereum, Arbitrum, Base, Sui, and StarkNet within a single coordinated framework. Users can move BTC or tBTC across ecosystems without managing separate bridge interfaces. Smart Route Discovery and Ranking: Automatically evaluates possible transaction paths and ranks them by cost, speed, reliability, and simplicity. Users are presented with clearly labeled best options. Native BTC Swaps: Provides direct access to BTC liquidity with competitive execution, while enabling seamless conversion of assets such as cbBTC or wBTC into tBTC on a user’s chosen destination network. Integrated Liquidity and Bridging Stack: Connects tBTC mint and redeem flows with established bridging infrastructure and DEX aggregation to coordinate multi-step transactions seamlessly. Resumable Transactions: Persists in-flight operations, allowing users to refresh, disconnect, or return later without losing progress. Reduces failed cross-chain flows and operational friction $T Staking-Aware Fee Display: Recognizes T staking status and surfaces fee waivers directly in the interface, reinforcing participation incentives. Unified tBTC Explorer and Transaction Tracking: The new explorer section of the app consolidates historical mint, redeem, bridge, and swap activity into a single view, improving transparency and user oversight. Impact for Users and Stakeholders
This release expands the utility of tBTC across six ecosystems while increasing throughput across minting, bridging, and swap flows. By embedding routing intelligence directly into the protocol interface, Threshold captures more activity within its infrastructure and further strengthens staking incentives tied to network usage.
With this launch, Threshold advances its role from Bitcoin asset issuance to core infrastructure for Bitcoin mobility, coordinating capital movement seamlessly across chains and unlocking more efficient access to decentralized finance.
Users can explore the new Bitcoin App today at https://app.threshold.network
About Threshold Network
Threshold Network is the decentralized protocol behind tBTC, a non-custodial, 1:1 Bitcoin-backed asset secured by a 51-of-100 threshold signer model. tBTC enables native BTC to move across chains like Ethereum, Base, Sui, Arbitrum, and Starknet without requiring custodians or compromising security. With over 6 years of proven security and about $5.1B in bridge volume, Threshold offers the most battle-tested, trust-minimized Bitcoin infrastructure on-chain.
MAP Protocol spustil interoperabilitu mezi Bitcoinem a Solanou, která umožňuje decentralizované převody SOL-BTC bez prostředníků. Řešení využívá zero-knowledge proof a má být peer-to-peer i trustless.
MAP Protocol, a well-known Bitcoin L2 to increase cross-chain interoperability, has announced an exclusive development. As per MAP Protocol, the platform is launching comprehensive interoperability between the Bitcoin and Solana networks for seamless asset transfers. The platform disclosed this endeavor on its official social media account on X.
📢 MAP Protocol Officially Announces Interoperability Between Solana and Bitcoin Networks
MAP Protocol has officially announced the successful implementation and launch of interoperability between the Solana and Bitcoin networks. Users can now perform decentralized SOL-BTC… pic.twitter.com/6GjUV8STD0
— MAP Protocol (@MapProtocol) May 9, 2025 MAP Protocol Introduces Interoperability between Solana and Bitcoin Ecosystems MAP Protocol’s announcement of interoperability between the Bitcoin and Solana networks is a groundbreaking development. This endeavor focuses on opening latest possibilities when it comes to cross-chain interactions and advanced DeFi applications. The prominent apps, such as Cross-chain Swap, are already utilizing this breakthrough advancement. This development permits consumers to carry out $SOL-$BTC transfers without depending on intermediaries or centrally controlled exchanges.
The interoperability integration between the Bitcoin and Solana ecosystem leverages cutting-edge zero-knowledge proof technology. In addition to this, it also utilizes light user mechanisms to sustain an increased level of efficiency and security. In this respect, it guarantees a seamless and trustless consumer experience.
The development is specifically noteworthy as Bitcoin, dissimilar to the modern blockchains, does not have local smart contract functionality. Hence, this interoperability layer offers a matchless interaction with the high-performance blockchain of Solana. Solana is renowned for its low fees and rapid speeds. As a result of this initiative, MAP Protocol is reportedly leading toward increased blockchain composability.
Driving Utility, Interoperability, and Efficiency among Solana and Bitcoin Networks According to MAP Protocol, the interoperability solution for the Solana and Bitcoin networks is completely peer-to-peer and decentralized. It reinforces the platform’s endeavors to establish a trustless infrastructure. Specifically, consumers will retain complete control over assets during the entire process. Overall, this interoperability now just improves utility for Solana and Bitcoin consumers but also paves the way for a relatively efficient and interconnected Web3 landscape.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
MAP Protocol po údajném exploitu u Butter Bridge V3.1 pozastavil bridge mezi MAPO ERC-20 a mainnetem. Rozsah škod ani dopad na uživatelské prostředky zatím není jasný.
MAP Protocol has shut down its bridge connecting MAPO ERC-20 tokens and the MAPO mainnet after a reported exploit targeting Butter Bridge V3.1. The pause, a standard containment measure in crypto security incidents, is designed to prevent further damage while the team investigates the scope of the breach.
Cross-chain bridges remain one of the most attacked pieces of infrastructure in all of crypto. And this latest incident is a reminder that the plumbing connecting different blockchains is still, to put it charitably, a work in progress.
What happened MAP Protocol, which operates a peer-to-peer cross-chain infrastructure layer, confirmed that it paused bridge operations between its ERC-20 token (the Ethereum-based version of MAPO) and its native mainnet token. The exploit was linked to Butter Bridge V3.1, a component of the protocol’s cross-chain transfer system.
The specifics of how the exploit was carried out have not been disclosed. The extent of financial losses, if any, is also unclear at this point. Whether user funds were directly compromised remains an open question.
Here’s the thing about bridge exploits: they tend to fall into a few predictable categories. Flaws in message validation, weak contract authentication, or unauthorized minting functions are the usual suspects. Think of a bridge like a courier service between two countries. If someone figures out how to forge the courier’s credentials, they can walk off with whatever’s being transported. The specific forgery method in this case hasn’t been identified publicly yet.
By pausing the bridge entirely, MAP Protocol is effectively locking the doors while it figures out which window was broken. This is considered best practice in the industry, even if it temporarily inconveniences users who need to move tokens between Ethereum and the MAPO mainnet.
Advertisement
Bridges: crypto’s perennial weak spot If you’ve been in crypto for more than a year, you’ve seen this movie before. Cross-chain bridges have been responsible for some of the largest and most devastating exploits in the industry’s history.
The Nomad Bridge hack in 2022 saw over $186M drained due to an authentication error that effectively allowed anyone to spoof transactions. That wasn’t a sophisticated nation-state attack. It was so easy to replicate that hundreds of copycats piled in once the first exploit went through, turning it into a free-for-all.
And Nomad was far from an isolated case. The Ronin Bridge exploit that same year, the Wormhole hack, and numerous smaller incidents have collectively cost the industry billions of dollars. Bridges are attractive targets for a simple reason: they hold large pools of locked assets on one chain that correspond to minted tokens on another. Compromise the bridge logic, and you can either drain the locked funds or mint unbacked tokens. Either outcome is catastrophic.
The fundamental challenge is that bridges must verify information across two separate blockchain environments, each with its own consensus mechanism, security model, and transaction finality rules. It’s like trying to get two different countries’ postal systems to agree on what constitutes a valid package, in real time, with billions of dollars on the line.
MAP Protocol’s approach uses a peer-to-peer model with light client verification, which is designed to be more secure than bridges that rely on trusted third-party validators. The theory is that by verifying cross-chain messages cryptographically at the protocol level rather than through a multisig committee, you reduce the attack surface. Whether that theoretical advantage held up in this case is exactly what the investigation needs to determine.
What this means for investors For MAPO holders, the immediate practical impact is straightforward: you cannot move tokens between the Ethereum version and the mainnet version until the bridge is reopened. If you hold MAPO ERC-20 tokens on Ethereum, they’re staying on Ethereum for now. If you hold native MAPO on the mainnet, same story.
The bigger concern is what happens to market confidence. Bridge exploits, even when they’re contained quickly, tend to spook liquidity providers and users. If the exploit turns out to be minor and quickly patched, the damage to MAP Protocol’s reputation could be limited. If it involved significant fund losses, the recovery process, both technically and in terms of user trust, gets substantially harder.
Look, the crypto industry has developed a somewhat predictable playbook for these situations. Pause operations, investigate, publish a post-mortem, patch the vulnerability, potentially offer a bug bounty or white-hat reward if the attacker is cooperative, and resume operations. How MAP Protocol executes on each of those steps will matter more than the exploit itself.
One thing worth watching is whether the exploit was specific to Butter Bridge V3.1’s implementation or whether it reveals a deeper architectural issue. A bug in one version of the bridge software is fixable. A fundamental flaw in the cross-chain verification model is a much bigger problem.
For the broader market, this incident reinforces a trend that seasoned crypto investors already know well: cross-chain interoperability remains one of the highest-risk areas in DeFi infrastructure. Protocols that rely heavily on bridge functionality carry inherent smart contract risk that doesn’t exist for single-chain applications. That’s not a reason to avoid them entirely, but it is a reason to size positions accordingly and never leave more value in a bridge-dependent protocol than you can afford to lose.
Investors should monitor MAP Protocol’s official channels for a post-mortem report detailing the attack vector, any fund losses, and the remediation plan. The speed and transparency of that communication will be as telling as the technical details themselves.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
HSBC Bank Middle East spustila v SAE živou službu tokenizovaných vkladů a na síť Orion přidala dirham. Pro firemní klienty to znamená okamžitý nonstop přístup k přeshraniční likviditě.
HSBC Bank Middle East Limited has launched a live tokenized deposit service in the UAE, adding the UAE dirham to its HSBC Orion blockchain network and giving eligible corporate clients instant, around-the-clock access to cross-border liquidity, a production deployment, not a pilot.
The dirham becomes the sixth fiat currency on Orion, joining the euro, British pound, US dollar, Hong Kong dollar, and Singapore dollar, highlighting the recent strength shown by the UAE’s national currency.
This institutional adoption news dropped as Bitcoin sits fairly flat on the day, up a modest +0.4% in the past 24 hours, although the world’s largest digital asset is struggling to reclaim $63,000 and is currently trading for $62,700.
$BTC is currently in the sideways zone.
Either a full reclaim of $65,000 is needed or a sweep of the $60,500-$61,000 zone.
Given the $62,000 level is holding so far, Bitcoin could move towards the upside target first. pic.twitter.com/nq8OG2LXUf
— Ted (@TedPillows) June 24, 2026
What the HSBC Bank Tokenized Deposit Service Actually Does Tokenized deposits work by representing a conventional bank deposit as a digital token on a permissioned blockchain, meaning the underlying funds stay inside the regulated banking system, but they move with the speed and programmability of crypto rails.
Corporate treasury teams can shift funds instantly between subsidiaries and across borders, 24 hours a day, seven days a week, without waiting for correspondent banking windows to open.
The service is built on Orion, HSBC’s proprietary distributed ledger platform, a private, permissioned network rather than a public chain. Eligible corporate and institutional clients can onboard immediately, subject to UAE regulatory approvals and standard know-your-customer documentation requirements.
Mohamed Al Marzooqi, chief executive officer of HSBC UAE, said the rollout reflects both local regulatory readiness and genuine corporate demand. “The introduction of tokenized deposits to the UAE is a reflection of the maturity of the local regulatory environment when it comes to digital finance and the genuine demand from corporates operating in and through this market for more capable treasury tools,” Al Marzooqi said.
HSBC Launches Tokenised Deposit Service in the UAE https://t.co/0J0fdGwp1r #fintech #middleeast
— Fintech News UAE (@MeFintech) June 23, 2026
Orion’s Track Record in Digital Bonds The UAE launch is the latest step in a multi-year build-out of HSBC’s digital asset infrastructure. Orion powered a $1.3Bn-equivalent multicurrency digital green bond issuance for the Hong Kong government.
It is being described as the largest digital bond of its kind at the time, and facilitated the European Investment Bank’s first bond denominated in British pounds on a blockchain.
The UK government selected Orion as the platform provider for its sovereign Digital Gilt Instrument pilot program in February 2026. Kyle Boag, regional head of global payments solutions for HSBC Middle East, North Africa and Türkiye, said demand for real-time infrastructure continues to accelerate.
“The demand for instant, secure, always-on liquidity solutions is only increasing as businesses seek to compete in a globalized and highly digitalized world,” Boag said.
Why Retail Crypto Readers Should Pay Attention
(SOURCE: CoinGecko)
For traders tracking the real-world assets narrative, this matters. Tokenized deposits issued by a Tier-1 bank on a permissioned network function as a regulated stablecoin alternative for institutional flows, bank-grade credit backing, regulatory oversight, but crypto-like settlement speed.
The RWA market has already surpassed $51Bn, and HSBC’s move into the UAE adds a major institutional pillar to that figure. The UAE’s embrace of on-chain fiat, from HSBC’s dirham tokenization to broader tokenization initiatives across the Gulf, reinforces the region’s positioning as a regulated hub for corporate crypto adoption.
That regulatory maturity is precisely what draws institutional capital, and institutional capital is what gives blockchain-based financial infrastructure long-term durability beyond the hype cycle.
The broader RWA and tokenization trend is also reshaping payment corridors. Ripple’s RLUSD stablecoin is expanding cross-chain into new markets along similar rails, signaling that both bank-issued and protocol-native tokenized fiat are converging on the same institutional use cases.
HSBC bank has signaled plans to extend Orion to additional jurisdictions and to layer programmable payment and treasury automation capabilities atop the deposit infrastructure, suggesting the dirham launch is a waypoint, not a destination, in the broader on-chain cash management buildout.
EXPLORE: Best Crypto Presales With Asymmetric Upside in the Current Market
#Altcoin News Today
Why you can trust 99Bitcoins
10+ Years
Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.
90hr+
Weekly Research
100k+
Monthly readers
50+
Expert contributors
2000+
Crypto Projects Reviewed
Follow 99Bitcoins on your Google News Feed
Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now!
Subscribe now
Alex Ioannou
On-Chain Journalist
Alex is a seasoned cryptocurrency trader and market analyst with over seven years of active experience in the digital asset space. Since entering the markets in 2017, Alex has specialized in identifying emerging "meta" trends and high-volatility narratives. Notably, Alex... Read More
Free Bitcoin Crash Course Enjoyed by over 100,000 students. One email a day, 7 days in a row. Short and educational, guaranteed!
SummaryMicron Technology, Inc. delivered a blowout fiscal Q3, with revenue up 74% sequentially and 346% year-over-year, supporting my continued bullish stance.MU's forward P/E remains low at 9.4 despite a 265% YTD price surge, as earnings growth outpaces share appreciation, fundamentally supporting the rally.Pricing power, not just volume, is driving MU's results—DRAM and NAND ASPs surged while bit shipments grew modestly, signaling a structural shift in memory economics.Strategic customer agreements, robust HBM4 ramp, and diversified end-market strength suggest the current cycle remains sustainable, though MU risks from overcrowding and future oversupply must be monitored. mesh cube/iStock via Getty Images
Executive Summary Micron Technology, Inc. (MU) delivered exactly what the market needed. It did not just beat estimates. It crushed them.
Everyone held their breath. I am not going to lie, everyone was looking at Micron’s
4.86K Followers
Analyst’s Disclosure: I/we have a beneficial long position in the shares of MU either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Binance delistuje QTUM a XVS z marginových BTC párů a COS/BTC s FXS/BTC ze spotových párů. U QTUM/BTC a XVS/BTC se margin borrowing zastaví 7. listopadu v 06:00 UTC, úplné delistování přijde 14. listopadu v 06:00 UTC. Binance zároveň delistuje spotové páry COS/BTC a FXS/BTC 8. listopadu v 03:00 UTC.
Binance exchange announced on Wednesday that it will delist certain crypto assets in BTC margin trading pairs. The changes affect Qtum and Venus margin trading, as well as, Contentos and Frax spot trading. Despite the delisting news, QTUM has risen 8% today and XVS is up 7.5% due to post-election market momentum fueled by Donald Trump’s victory.
Binance Delisting Notice for QTUM, XVS, COS, FXS Traders According to Binance’s official release, the exchange plans to delist QTUM and XVS from BTC margin trading pairs. This move is part of Binance’s strategy to streamline offerings and enhance platform efficiency. Starting November 7 at 06:00 UTC, isolated margin borrowing for QTUM/BTC and XVS/BTC will be suspended, with full delisting on November 14 at 06:00 UTC.
Positions in both cross and isolated margin pairs will close automatically, with all open orders canceled. To prevent losses, Binance advises users to close their positions early and transfer assets from Margin Wallets to Spot Wallets. This guidance aims to help users navigate the transition smoothly.
While QTUM and XVS are leaving BTC margin trading, both assets will remain available on other non-margin pairs. This keeps options open for users who want to continue trading these assets on Binance. The changes reflect Binance’s ongoing adjustments to meet shifting market demands.
In addition, Binance will delist spot trading pairs COS/BTC and FXS/BTC on November 8 at 03:00 UTC. This decision follows Binance’s routine evaluations to maintain a high-quality trading environment. Factors like low liquidity and trading volume often influence these choices.
Price Movements and Volume Trends Amid Delisting The recent U.S. election result, with Donald Trump’s victory, has fueled a surge in these coins, reflecting renewed market optimism.
QTUM price is trading at $2.32, witnessing an intraday low of $2.13 and high of $2.32. While QTUM has gained traction in the short term, it’s still down over 3% the past week and 5% over last month. Moreover, the trading volume in the last 24 hours is $31 million and a market cap around $244.5 million.
XVS is also riding the wave, trading at $6.70, with a low of $6.19 and high of $6.70 over the last 24 hours. Its trading volume reached $2.82 million, indicating strong recent interest. Meanwhile, COS trades at $0.0066, and FXS is priced at $1.818, each seeing notable growth today.
LayerZero bridge pro rsETH byl napaden a rsETH na Ethereum mainnetu je plně kolateralizované; na Aave V3 i V4 zůstává zmrazené a rezervy WETH jsou zablokované v několika trzích včetně Ethereum, Arbitrum, Base, Mantle a Linea. Několik DeFi protokolů kvůli incidentu dočasně pozastavilo bridge nebo minting.
Saturday, April 20 — The LayerZero cross-chain bridge for rsETH (a liquidity re-staking token from Kelp DAO) was hacked, marking the largest DeFi hack of 2026 to date. The attacker forged LayerZero cross-chain messages to withdraw 116,500 rsETH directly from the bridge contract, then deposited the tokens into Aave and other lending platforms to borrow WETH—creating significant uncollateralized bad debt risk. Below is a roundup of responses from major DeFi protocols to the rsETH hack: Aave has shared an update on the rsETH incident: rsETH on the Ethereum mainnet is fully collateralized. The token remains frozen on Aave V3 and V4, while WETH reserves are frozen in affected markets including Ethereum, Arbitrum, Base, Mantle, and Linea. Aave is actively verifying details and evaluating potential resolutions. Ethena has officially extended the suspension period for its LayerZero OFT cross-chain bridge. Additionally, the protocol released updated reserve proofs confirming its USDe stablecoin maintains a collateralization ratio above 100%. LayerZero stated it has fully grasped the rsETH vulnerability and has been collaborating with the Kelp DAO team on fixes since the hack occurred, while continuously monitoring the situation. All other applications remain secure, and the protocol will publish a comprehensive post-incident analysis report alongside Kelp DAO once all relevant information is compiled. Fluid announced the launch of its aWETH redemption protocol, which enables ETH borrowers to: redeem for wstETH or weETH (restoring liquidity immediately and reducing liquidation risk); redeem in full if they only borrowed ETH; or seamlessly convert ETH collateral to wstETH/weETH while keeping other debts intact. The protocol’s initial capacity is capped at $1 billion worth of ETH. Morpho has temporarily suspended its MORPHO LayerZero OFT cross-chain bridge on Arbitrum until the root cause of the rsETH incident is identified. The protocol noted its smart contracts are secure and operating normally; risk exposure is limited (only ~$1 million worth of ETH was borrowed using rsETH as collateral, spread across two isolated markets out of thousands total). Thanks to Morpho’s fully isolated market design, all other vaults remain unaffected. Curve Finance announced it has suspended its LayerZero infrastructure, impacting: CRV bridging from BNB, Sonic, Avalanche, Fantom, Etherlink, and Kava (bridging from other chains still uses native bridges); and crvUSD quick bridging (L2 slow bridging remains operational). Reserve issued an official update: Its DTF holders are unlikely to be affected. RSR stakers in the Reserve Protocol’s USD3 and eUSD may qualify for "first-loss capital" protection, though the impact is minimal and RSR’s overcollateralization is sufficient to cover any potential losses. ETH+ and bsdETH contain no rsETH collateral, making them zero-risk. As a precaution, Reserve has temporarily paused minting, rebalancing, and RSR unstaking for eUSD and USD3—redemption functionality remains operational. Maple Finance stated all USDT provided on Aave Mantle using syrupUSDT has been withdrawn. Its syrupUSDC and syrupUSDT products are not impacted by the rsETH exploit. Polygon has been actively monitoring the rsETH exploit. The Polygon chain, Agglayer, and entire ecosystem (including Katana and Vaultbridge) have not been impacted by the incident. EtherFi announced its protocol’s liquidity pool remains unaffected by the Kelp rsETH exploit, and pool users will not suffer any fund losses. Hyperliquid’s DeFi project Hyperwave announced it has temporarily suspended all LayerZero bridging of Hyperwave assets as a precautionary measure.
Relevant content
Analysis: Bitcoin miners face profit pressure, with around 20% of mining firms now operating below the break-even point.
Bitcoin miners' revenue continues to decline, with the current 7-day average daily income dropping to around $30 million, a notable pullback from the over $50 million level seen last summer. Meanwhile, on-chain transaction fee revenue has fallen to less than $250,000, accounting for an extremely small share of miners' total income. Data from JPMorgan Chase shows the average production cost is approximately $78,000, and Bitcoin’s price has remained below this level for five consecutive months — the longest such stretch in the current cycle. An estimated 20% of miners are already operating at a loss; some high-cost miners have begun frequently powering their mining rigs on and off in response to price fluctuations, leading to a stronger correlation between network hash rate difficulty and Bitcoin’s price. Additionally, Bitcoin’s mining difficulty was adjusted down by roughly 10% in the second week of June, marking the second pullback of the same magnitude this year. Publicly listed mining companies, meanwhile, are relying more on their balance sheets to sustain operations, selling over 32,000 BTC in the first quarter alone to cover operating costs. Analysts note that against the backdrop of continuously shrinking block subsidies and stagnant fee revenue, a recovery in miners’ profits will primarily depend on a rise in Bitcoin’s price.
1 seconds ago
Japan and South Korea's stock markets opened higher, with South Korea's KOSPI index rising 2.9% and SK Hynix surging 11%.
According to Bitget market data, the Nikkei 225 index opened 1.4% higher at 70114.09. South Korea’s KOSPI index rose 2.9%. South Korean stocks SK Hynix gained 11%, while Samsung Electronics rose 5%.
1 seconds ago
Trader Maji was liquidated on his 25x leveraged long Ethereum position, incurring $1.9 million in losses, and subsequently opened a new position.
According to monitoring by OnchainLens, Stanley Huang, known as "Machi Big Brother" (@machibigbrother), has had his 25x leveraged long Ethereum (ETH) position fully liquidated, incurring a loss of approximately $1.9 million. Notably, he opened a new 25x leveraged long ETH position immediately after the liquidation. Machi Big Brother’s cumulative historical losses exceed $35.4 million.
1 seconds ago
Micron posted strong quarterly results, with its quarterly revenue and next-quarter outlook significantly exceeding market expectations. Its stock surged nearly 16% in after-hours trading, driving a broad rally across the storage sector.
According to its official financial report, Micron Technology (MU.O) reported Q3 fiscal 2026 revenue of $41.456 billion, beating market expectations of $35.423 billion and surging from $9.301 billion in the year-ago period. The company issued Q4 fiscal revenue guidance of $50 billion, against market expectations of $42.915 billion. Micron CEO Sanjay Mehrotra stated: "Micron’s record-breaking Q3 fiscal financial results and stronger Q4 outlook reflect the strategic value of memory chips in the AI era. We believe our multi-year strategic customer agreements will significantly enhance the durability and predictability of Micron’s strong financial performance." Micron’s Q3 report showed net profit of $28.24 billion, or $24.67 per share, up from $1.89 billion, or $1.68 per share, in the same period last year. Excluding certain one-time items, Micron reported adjusted earnings per share (EPS) of $25.11, exceeding analysts’ consensus estimate of $20.86. Driven by the quarterly revenue and outlook that topped expectations, as of press time, Micron jumped 15.95% in post-market trading on the U.S. stock market, also lifting other memory stocks sharply: Seagate (STX) rose 10.21%, Western Digital (WDC) gained 12.31%, and SanDisk (SNDK) surged 15.77%.
1 seconds ago
Kalshi is reportedly seeking a new round of financing, with its valuation potentially rising to $40 billion.
According to a report from the U.K.’s Financial Times, prediction market platform Kalshi is in discussions with investors for a new funding round targeting a roughly $40 billion valuation, with a potential close as early as the third quarter of this year. The development follows Kalshi’s $1 billion financing round completed last month, which valued the firm at $22 billion, with backers including leading institutions such as Coatue, Sequoia Capital, Andreessen Horowitz, and Morgan Stanley. Data shows Kalshi’s trading volume last month surpassed $17 billion, a sharp jump from less than $5 billion a year prior, with approximately 65% of that volume stemming from sports-related prediction contracts.
1 seconds ago
Polymarket integrates with Telegram via TON, enabling users to participate in prediction markets directly within the messaging app.
Polymarket has been integrated into Telegram via Predict, a native decentralized application (dApp) of the TON ecosystem. Developed by the Getgems team, the app allows users to directly participate in prediction markets covering sports, politics, cryptocurrency, culture and other sectors within Telegram. Transaction results are settled on-chain, and users retain full control over their assets. Users can participate in trades using USDT on the TON network, and pay a small amount of GRAM for gas fees. The cross-chain infrastructure is powered by STON.fi’s Omniston protocol, enabling the prediction market service to seamlessly integrate into the Telegram ecosystem.
Jupiter a Bitwise spustily na Solaně izolovaný USDe lendingový trh pro institucionální klienty. Bitwise bude spravovat parametry poolu a Fluid dodá kolaterální a lendingovou infrastrukturu.
TLDRBitwise and Jupiter Launch Isolated USDe Market on SolanaUSDe Gains Dedicated Lending Support Through Fluid IntegrationGet 3 Free Stock Ebooks Jupiter has partnered with Bitwise to launch an isolated USDe lending market on Solana. Bitwise will curate the dedicated USDe pool within Jupiter Lend for institutional participants. The USDe market will operate separately from Jupiter Lend’s main liquidity layer. The structure aims to manage risk and support institutional capital participation. Fluid protocol will provide collateral and lending infrastructure for the isolated pool. Jupiter has partnered with Bitwise to launch an isolated USDe lending market on Solana. The firms announced the initiative on Wednesday and confirmed institutional access. The structure separates USDe liquidity and integrates Fluid for lending infrastructure support.
Jupiter confirmed that Bitwise will curate a dedicated USDe market on Jupiter Lend. The platform will isolate this market from its main liquidity layer to manage risk. The firms said the structure aims to support institutional capital with controlled exposure.
Bitwise will oversee market parameters while Jupiter provides the lending framework. The setup marks the first time an institutional asset manager curates a market on Jupiter Lend. The companies stated that this approach strengthens risk management and capital efficiency.
The isolated pool will function independently from other lending markets on the platform. As a result, liquidity risks from other assets will not affect the USDe market. The partners said this design aligns with institutional compliance standards.
Jonathan Man, Head of DeFi Strategies at Bitwise, addressed the launch. He said, “Jupiter and Fluid have built unique infrastructure for efficient lending markets.” He added that the design provides deep liquidity and risk-mitigating features.
USDe Gains Dedicated Lending Support Through Fluid Integration The initiative integrates Fluid protocol to supply collateral and lending infrastructure. Fluid will support collateral management and borrowing operations within the isolated pool. The firms confirmed that this integration enhances operational efficiency.
The new market allows users to earn yield on USDe within Jupiter Lend. USDe functions as a synthetic asset that maintains a stable value target. Ethena Labs issues the token and oversees its underlying structure.
Guy Young, CEO of Ethena Labs, commented on the development. He said, “USDe is an institutional-grade savings product, built for scale.” He added that the combined infrastructure creates an efficient USDe market ready for DeFi adoption.
USDe launched in early 2024 and expanded rapidly across crypto markets. By mid-2025, it ranked as the third-largest stablecoin by market capitalization. The asset attracted institutional participation during its early growth phase.
However, USDe later declined in market rankings after volatility pressures. A crypto market crash on Oct. 10 exposed decoupling risks linked to the asset. Market data showed fluctuations in USDe’s price stability during that period.
Jupiter and Bitwise did not disclose specific yield rates for the market. They confirmed that the structure will operate under defined collateral parameters. The companies stated that the market is now live on Solana.
Fluid po depegu Resolv vyčistil zhruba 8 mil. USD špatných pohledávek přes předem schválenou úvěrovou linku. DAO má zpětně uvolnit zmrazená treasury aktiva v hodnotě 8,2 mil. USD.
Fluid cleaned up its share of the Resolv USR exploit bad debt the way a fast-moving team does: a single multisig pulled roughly $8M of USDC and USDT out of the shared liquidity layer through a pre-approved credit line, swept thousands of scattered bad-debt positions into one address, and balanced the books. The matching $8.2M treasury commitment that’s supposed to repay the credit line is locked in restricted positions that need a governance vote to unlock. That vote was posted to the forum days later, with the on-chain action already done.
The protocol stayed solvent. No user deposit was touched. TVL is holding around $970M. The cleanup worked.
Then an on-chain researcher started pulling the transaction trail apart, and the story stopped being about Resolv.
It is May 17, 2026 as I write this. The governance proposal is still being debated, the on-chain criticism is still landing on X, and the numbers below will keep moving for a while yet. The structural argument underneath them is what this piece is about.
Fluid is the lending-and-DEX protocol that grew out of InstaDapp, now operating under its own FLUID token and DAO. The architectural premise is a single shared liquidity layer that every Fluid subprotocol (lending vaults, DEX, DEX Lite) borrows from, rather than maintaining its own siloed pools. Suppliers deposit assets once and earn from utilization across every market that draws on the layer.
That design has obvious capital-efficiency upside. It also concentrates risk in a specific way: subprotocols that can pull from the layer hold permissioned credit lines, and a Guardian multisig can pause access in an emergency. The team multisig is the load-bearing piece in that setup.
The credit line at the center of this story was originally approved by governance for Fluid DEX Lite, a gas-optimized swap router launched in August 2025 that uses the liquidity layer as its inventory source. It is a permissioned, uncollateralized facility: an approved address can draw USDC and USDT out of the shared pool against the protocol’s credit rather than against posted collateral. In May 2026, the team multisig drew on this same facility to consolidate bad-debt positions left behind by the Resolv depeg.
The Underlying Incident: A Quick Recap In late March 2026, an attacker compromised Resolv Labs’ off-chain signing infrastructure and minted approximately 80 million unbacked USR through a broken completeSwap() flow. USR depegged hard, and roughly $25M of extracted value got dumped through DEX liquidity. The full breakdown is in our Resolv USR exploit post.
Fluid had about $100M of USR exposure when the depeg hit, mostly through lending markets where USR and its wrapped variants were supplied as collateral against USDC and USDT borrows. When USR collapsed, ~$21M of positions went underwater and turned into bad debt sitting against the protocol. Fluid’s own contracts were not exploited. Oracles, pricing logic, and validation were upgraded immediately after the incident. The damage was downstream of a counterparty failure, not internal.
On May 12, 2026, Fluid announced the resolution. The $21M loss was split three ways:
Resolv: ~$9.7M (the issuer absorbing the largest share) Fluid governance treasury: ~$8.2M Fluid core team: ~$1.5M, reimbursed from future protocol revenue Roughly $19.3M was repaid in full, with the team fronting its $1.5M slice in cash now and the protocol committed to reimbursing it from future revenue. The remaining malicious USR was burned at the contract level; healthy positions remained redeemable directly via Resolv.
The split itself was uncontroversial. Most observers treated it as a pragmatic outcome that kept users whole. The fight that broke out this week is about how the treasury’s $8.2M share got onto Fluid’s balance sheet on-chain.
The Proposal on the Table On May 11, 2026, the Fluid team posted “Post-Mortem, Treasury Actions, and Forward Strategy Following Resolv Incident” to the governance forum. It bundles four things:
A formal post-mortem of the Resolv incident, including the loss split. Treasury actions for the $8.2M contribution: transferring the treasury’s full balance of iETHv2 deposit tokens, plus ancillary positions like fGHO, from the treasury’s DeFi Smart Account to the team multisig so the multisig can liquidate them and repay the credit line it drew against the liquidity layer. Financial restructuring: an immediate halt to FLUID buybacks (the program had bought back roughly 1.3% of supply and was judged ineffective for price support), a significant reduction in FLUID emissions, and a four-month suspension of the $250k/month Foundation grant covering March through June 2026. Security and roadmap changes: a detailed oracle overhaul (per-key pricing, multi-leg feeds, deviation checks, per-token pause bits, sequencer-uptime guards on L2), legal agreements with asset issuers for enforceable claims in depeg scenarios, a delay on the DEX v2 launch, continuation of the Solana DEX v1 launch (~6 weeks out, audits wrapping), and a forward product slate that includes Liquidity-as-a-Service, fixed-rate borrowing, custodied collateral, and institutional onboarding. The proposal does not introduce new spending. It formalizes the asset movements needed to settle a position the team multisig already opened. As of writing, the forum thread has minimal direct engagement; the live debate has migrated to X.
What Actually Happened On-Chain The critique that ignited the past two days came from on-chain researcher @jpn_memelord, who walked the transactions and posted a step-by-step thread. The mechanics below are reconstructed from that thread and the founder’s reply on X; addresses called out in the original posts can be cross-checked against any Ethereum explorer.
The Resolv depeg left ~$8M of bad debt spread across thousands of individual lending positions on Fluid (collateral marked down faster than the loans against it). Cleaning this up position-by-position would have been slow, expensive in gas, and visible to users on a market-by-market basis. The team multisig instead drew USDC and USDT directly from the liquidity layer, using the pre-approved DEX Lite credit line, and consolidated the bad debt into a single address. The thousands of small unhealthy positions were repaid; one large debit sat against the multisig instead. The treasury’s own assets (the iETHv2 deposits and ancillary positions described in the proposal) were not immediately accessible at full value. iETHv2 sits in a vault currently subject to restrictions that effectively require governance action to fully liquidate. The treasury’s liquid balance was closer to $5.3M than the headline $8.2M figure. The May 11 proposal is the governance step that resolves that mismatch: move the restricted treasury assets to the multisig so they can be unwound and used to repay the credit line. The critique was never that any of this was hidden. The on-chain footprint was visible from the first block. The objection is that the credit-line draw happened before the governance vote that authorizes it. Until the treasury assets are unlocked and applied, the outstanding balance against the liquidity layer effectively sits on the shoulders of USDC and USDT suppliers, whose deposits are the source of the funds the multisig used.
Critics argue this constitutes a change in the risk profile that suppliers signed up for: they consented to lending into a credit facility scoped to DEX Lite expansion, not to short-term bad-debt cleanup. Net-neutral over the lifetime of the operation, yes. Risk-neutral at every point along the way, less obviously.
Why the Treasury Wasn’t Simply Available Much of the X argument turns on a detail that’s easy to miss: a DAO treasury denominated in productive assets is not the same thing as a treasury denominated in cash.
Most of Fluid’s treasury value sits in iETHv2 deposit tokens, claims against an ETH position in one of Fluid’s v2 lending vaults. That position was earning yield, which is the whole reason it was structured that way. But a deposit token isn’t a stablecoin you can hand over to repay USDC and USDT borrows; it has to be redeemed through the vault, and per the proposal that withdrawal path is currently restricted and needs governance unlock. Smaller positions like fGHO need to be converted to GHO and then routed.
You can defend either of two positions here.
Position A (team): pre-positioning treasury in productive assets is good capital management; nobody anticipated needing to pull eight figures of liquid stables in a hurry; the credit line was the cleanest tool to bridge the gap until governance can unlock the assets formally. Net effect: nothing leaves the protocol, the books balance, users are protected, and the multisig is acting as an intermediary on its own balance sheet rather than spending fresh money.
Position B (critics): a treasury that requires governance unlock to be deployed in an emergency is, for the duration of that unlock, closer to a designated future contribution than to ready cash. The $8.2M headline figure overstated what was actually available. Using a DEX-Lite-scoped credit facility to paper over the gap stretched the definition of “pre-approved” past what suppliers had reason to expect.
Both positions are defensible. The interesting question is which one the precedent set this week will look like, twelve months from now, when the next emergency lands.
The Founder’s Pushback Fluid founder Samyak Jain (@smykjain) responded on X, and the team-account @0xfluid backed the framing. The argument, in short:
The credit-line draw was internal accounting, not new spending. The multisig consolidated bad debt; assets balanced out at the protocol level; the move did not extract money from the system. The governance proposal had been drafted days earlier. The team accelerated its posting in response to the criticism rather than because the underlying plan changed. The DEX Lite credit line was a pre-existing governance grant, and using a multisig with permissioned access for an emergency cleanup was within the scope of how that role was designed. Some of the criticism, in the team’s read, is downstream of rival-protocol community politics rather than substantive risk analysis. The last point tends to land badly in DeFi governance. Accusing critics of bad faith is sometimes correct and almost always counterproductive. The substantive answer (“the multisig consolidated debt, nothing left the protocol”) is stronger on its own.
The Numbers Worth Holding On To Strip out the X noise and there’s a clean set of figures.
Item Value Pre-incident Fluid USR exposure ~$100M Bad debt from Resolv depeg ~$21M Resolv contribution ~$9.7M Fluid treasury contribution ~$8.2M Core team contribution (deferred) ~$1.5M Total repaid up front ~$19.3M Liquid treasury at time of cleanup ~$5.3M Treasury assets requiring governance unlock bulk in iETHv2 + ancillary fGHO Credit-line draw from liquidity layer ~$8M in USDC + USDT Foundation grant suspended $250k/month × 4 months FLUID supply previously bought back ~1.3% Current TVL ~$970M FLUID price drawdown from ATH ~93% from $24.40 The two figures that should make a careful reader pause are the liquid treasury balance ($5.3M) versus the headline treasury contribution ($8.2M), and the credit-line draw of roughly $8M in USDC and USDT against the liquidity layer. The first says the treasury was smaller than the announcement implied. The second says the gap was bridged through a pre-existing credit facility rather than a fresh authorization. Everything controversial about this story sits between those two numbers.
What This Says About DeFi Governance There’s a recognizable shape here, and we’ve written about it before in Aave’s governance crisis and the broader question of how decentralized “decentralized governance” actually is. An operationally competent core team holds the keys that matter. An emergency creates time pressure. The team acts. The formal process catches up afterward. And the resulting argument is about whether “catches up afterward” counts as governance at all.
The structural tension is real and not unique to Fluid. Modern DeFi protocols are not, in practice, governed by 14-day voting cycles on every operational decision. They are governed by a thin layer of permissioned roles that can move quickly, sitting on top of a broader DAO that ratifies, audits, or revokes those roles. The argument is over how thin that layer should be, what triggers it has to clear before acting, and how much of the post-facto ratification can be drafted by the same people who took the action.
A few honest observations:
The pragmatic case is strong. Distributed governance is slow. An $8M cleanup that requires a 14-day Snapshot vote is an $8M cleanup that gives the market 14 days to short the FLUID token and short USR-adjacent assets, while bad debt accrues interest on the protocol’s side. The team’s instinct to consolidate and balance the books before the news cycle peaked is operationally defensible. The transparency case is also strong. USDC and USDT suppliers consented to a credit facility scoped to one purpose. Repurposing it for another, even with the intent to repay, broadens what “permissioned access” can be used for without consulting the people whose deposits sourced the funds. Future suppliers will price that ambiguity into the yield they demand, or simply route capital elsewhere. Precedent compounds. If “pre-approved credit line, drawn by multisig, ratified later” lands as an acceptable emergency procedure, the boundary of acceptable emergency procedures has moved. The next protocol facing a similar choice can point at this one. Norms drift that way, one defensible decision at a time. Neither side of this debate is obviously stupid. Both are arguing about a real trade-off that hasn’t been satisfactorily resolved anywhere in DeFi.
Uncomfortable Questions Why did the team multisig hold this much operational authority in the first place? Pre-approved credit lines for specific subprotocols are not unusual. Pre-approved credit lines that can be repurposed for ad-hoc cleanup are a different category. If the answer is “the role was always intended to cover emergencies,” the role’s documented scope should say so. If the answer is “the scope was narrow but we used it broadly under stress,” that’s worth saying explicitly.
What is the actual unlock mechanism for iETHv2? The proposal references restricted treasury assets but does not detail the mechanics that prevent immediate access. For depositors and suppliers trying to reason about how much of any DAO treasury is genuinely available in a crisis, that mechanism matters more than the headline number on the dashboard.
Where does the precedent end? Could the same credit line be drawn against tomorrow for an emergency that the DAO would not have authorized in advance? The team’s answer is no, but the answer that matters is the structural one: what stops it?
How does this interact with the Fluid Foundation proposal? Fluid is in the middle of transferring IP and protocol assets to a Cayman Islands foundation, with InstaDapp employees on the board, governed by DAO votes. The foundation is the legal entity that will eventually hold the multisig keys. If the practical pattern is that the team acts and the DAO ratifies, the foundation structure makes that pattern legally cleaner, not more constrained. That’s either a feature or a problem depending on which side of this week’s argument you’re on.
What is the right design for emergency capital? The useful medium-term outcome of this incident would be a structured emergency facility: capped in size, scoped explicitly to bad-debt cleanup, refilled by a defined rule, and ratifiable in a single short vote. A facility like that would let future cleanups happen without re-litigating the boundaries of pre-approved roles every time. Whether the team or the community drives that work is itself a governance question.
What’s Likely to Happen Next The governance proposal will probably pass. The treasury actions described in it are the cleanest path to closing the credit-line draw and restoring the books to a fully governance-ratified state. Rejection would force a new proposal and leave the credit line drawn against the liquidity layer in the interim, which is a worse outcome for the suppliers the critics are nominally defending.
The buyback pause, emissions cuts, and Foundation grant suspension will likely face less debate. Pulling sell pressure off the token while confidence is fragile is what most protocols do after a drawdown like this. The four-month grant suspension also cuts near-term spending while the treasury rebuilds, which is part of why it’s easy to ratify.
The DEX v2 delay is a tell. DeFi spent April watching the KelpDAO rsETH exploit drain $292M out of Aave through a single forged LayerZero packet, and confidence in cross-protocol composability hasn’t fully rebuilt. Postponing a major DEX launch into that backdrop reads as cautious market timing, not a Fluid-specific weakness.
The longer-term consequence is harder to see. Fluid’s core product fundamentals are intact: the shared liquidity layer, the lending markets, the DEX integration. The protocol absorbed a nine-figure indirect hit from an upstream counterparty and emerged solvent, with users whole and TVL stable. That is a real engineering and operational achievement.
But the part that fed this week’s argument is not unique to Fluid and will not be the last time we see it. Speed versus process, permissioned credit lines used for purposes broader than their origin envisioned, governance votes that follow rather than precede the action they authorize. The next protocol to hit this kind of incident will look at how Fluid handled it, see that the cleanup worked, and either copy the playbook or build the structured emergency facility that makes the playbook unnecessary.
Which way that goes is the actual governance question. The proposal posted on May 11 only settles whether the iETHv2 actually moves.
Fluid na Ethereu byl zneužit přes mechanismus odměn a útočník odcizil asi 215 000 USD v aktivech. Zasaženy byly jen distribuce odměn, ostatní části projektu zůstaly nedotčeny.
PANews reported on June 1st that, according to BlackHart, the reward distribution mechanism of the DeFi project Fluid on Ethereum was exploited, resulting in the theft of approximately $215,000 in assets. Fluid employs a Merkle reward list mechanism where one key initiates and another approves. The attacker possessed both operating private keys, submitted and approved a list of rewards to be distributed only to themselves, and then used a null proof to complete the claim. The stolen assets came from three reward distributors, including 112,883 FLUID, 47,903 GHO, and a small amount of cbBTC, which were later exchanged for ETH and transferred via Tornado Cash. Fluid's lending market, vault, DEX, and user deposits were unaffected. The team replaced the compromised key and transferred the remaining reward funds within approximately 10 hours, but the public statement only mentioned that reward claims were temporarily suspended, without mentioning details of the private key leak and the loss.
Cumberland, Fluid a SwissBorg se připojily k ekosystému Hashi na síti Sui před spuštěním globálního testnetu v červenci. Hashi má otevřít institucionální úvěrování kryté bitcoinem a další onchain produkty.
Grand Cayman, Cayman Islands, June 23rd, 2026, Chainwire
Sui aims to transition more of Bitcoin’s $1.2T market cap into verifiable, productive onchain products.
Hashi, Sui’s native bitcoin finance primitive, gains more institutional support ahead of the scheduled launch of its global testnet this July.
Sui, where money moves as freely as messages, announced today that Cumberland, Fluid, and SwissBorg have joined the Hashi ecosystem, Sui’s native bitcoin finance primitive, weeks ahead of its scheduled global testnet launch this July. The expanding coalition addresses a critical bottleneck in crypto: solving the persistent capital inefficiency by unlocking over a trillion dollars of immobile BTC into DeFi safely.
Previous market cycles demonstrated the systemic dangers of relying on opaque, centralized credit intermediaries such as Celsius, Voyager, and Genesis to generate utility from dormant assets. Hashi replaces centralized balance-sheet trust with verifiable smart contract logic.
But with a strict separation for safety by design, Bitcoin remains securely on the native Bitcoin blockchain. Sui smart contracts handle the cryptographic and programmatic rights to enable its use as financial collateral.
“Hashi was built to unlock the productive use of Bitcoin at a scale the industry hasn’t seen before,” Adeniyi Abiodun, Co-Founder and Chief Product Officer of Mysten Labs, the original contributor to Sui. “We believe Bitcoin will become one of the largest sources of collateral in finance as the world moves onchain, and Hashi provides the foundation to make that possible on Sui.”
Built for Institutional Bitcoin Finance
Hashi is a foundational primitive setting a new standard for how builders can create bespoke, Bitcoin-backed financial products with risk parameters and loan terms that are fully verifiable onchain. In just a few weeks’ time, institutions, custodians, wallet providers, and developers can begin freely testing the infrastructure that will support Bitcoin-backed lending, borrowing, and credit origination on Sui.
Expanded Institutional Support
Three new powerhouses join the growing Hashi ecosystem, broadening support for institutional liquidity providers, market makers, and digital asset platforms:
Cumberland: One of the digital asset industry’s largest institutional market makers, Cumberland joins the Hashi ecosystem to evaluate the protocol’s structural frameworks and prepare for eventual onchain liquidity provisioning. SwissBorg: A European wealth management app with over one million users, is exploring opportunities to connect its network of European high-net-worth Bitcoin holders and liquidity providers to Hashi, creating new pathways for Bitcoin-backed borrowing and lending. Fluid: A major DeFi lending protocol with a strong record of efficient, safe trades, is now building in preparation for mainnet institutional services. Fluid’s participation would provide institutional-grade lending markets and deepen access to Bitcoin-backed credit on Sui. These new builders join an industry-leading group of infrastructure providers, custodians, and DeFi protocols already working together to build a native Bitcoin financial ecosystem on Sui.
“Bitcoin is the world’s most liquid digital asset, but without native utility, it remains an off-chain asset,” said Paul Kremsky, Global Head of Business Development at Cumberland. “Hashi is exciting because it introduces a transparent, institutional-grade framework for BTC-backed credit that will replace synthetic workarounds with a product we are excited to use ourselves.”
“Our community has consistently sought native ways to lend and borrow against their Bitcoin,” said Cyrus Fazel, Founder & CEO at SwissBorg. “We’re thrilled to see Hashi delivering innovative solutions that make this a reality.”
“The next phase of the industry’s growth will come from bringing larger pools of capital onchain through infrastructure institutions can actually trust,” said Samyak Jain, Co-Founder & CEO at Fluid. “Hashi gets this right: Bitcoin stays on its native chain while verifiable contracts make it productive as collateral. Fluid’s lending infrastructure is built to turn that into deep, capital-efficient Bitcoin-backed credit markets on Sui.”
These additions expand the growing consensus of many partners announced earlier this year that Sui is where Bitcoin finance will take flight, thanks to Hashi:
Custody & Wallet Access
BitGo: Institutional custody clients. Blockdaemon, Cobo, Fordefi (by Paxos): Institutional wallet and infrastructure providers. Cubist: Cross-chain collateral infrastructure and transfer engine. Ledger: Retail/institutional self-custody. SwissBorg: UHNW European retail/institutional asset management and wallet interface. Lending, Trading & Liquidity Providers
Bullish: Institutional digital asset platform supplying liquidity. Cumberland: Leading institutional crypto market maker and liquidity provider. Erebor: OCC-chartered bank providing liquidity. FalconX: Institutional prime brokerage supplying liquidity. DeFi & Lending Applications
AlphaLend, Bluefin, Current, Scallop, Suilend: Native DeFi protocols enabling retail lending and borrowing on day one. Fluid: Connecting lending, borrowing, liquidity and more financial products into a capital-efficient system. Navi: One of Sui’s largest and longest running DeFi protocols slated for Hashi lending. Vaults & Asset Management
Concrete by Blueprint Finance: Yield-infrastructure vault platform. Inveniam Capital: Real-World Asset (RWA) yield strategies. Wave Digital Assets LLC: SEC-registered investment adviser working with industry partners to facilitate the issuance of Bitcoin-collateralized bonds. Index Oracle, Insurance & Security Auditing
CF Benchmarks: Crypto index provider distributing pricing data via oracles. Soter Insure: Native, Bitcoin-denominated institutional insurance. Asymptotic, Certora, OtterSec: Smart contract security and formal verification auditors. The activation of the global testnet this July represents the ultimate rehearsal for fully changing Bitcoin Finance. This sandbox environment is designed for institutional engineers, Sui protocols and developers, and custody partners to test integration parameters, stress-test the code under simulated market volatility, and verify cryptographic integrity ahead of mainnet release.
Technical documentation and testnet access configurations will be hosted at https://www.sui.io/hashi.
About Sui
Sui, where money moves as freely as messages, is a next-generation Layer 1 blockchain built for scalable finance and global payments. Founded by the core team behind Meta’s stablecoin initiative and powered by an object-centric model, Sui makes assets, permissions, and user data programmable and ownable. Sui’s primitives offer builders everything they need to create high-performance payments and financial applications, including instant agentic payments. Users can learn more at sui.io.
Huma Finance spustila PST na Fluid, kde lze aktivum vkládat, půjčovat si proti němu a využívat looping přes jednu integraci. Podpora Chainlink přidává cenová data a cross-chain infrastrukturu.
Huma Finance's PayFi asset ($PST), backed by real-world payments, now accesses DEX liquidity and borrowing on Fluid through a single integration. PST is among the first assets leveraging Fluid's Liquidity as a Service infrastructure — designed to bring scalable liquidity to real-world assets.
Huma Finance, the leading PayFi network providing on-chain liquidity for global payment financing, today announced that PST — its USDC-denominated yield primitive backed by real-world payment flows — is now live on Fluid.The launch leverages Fluid, one of the top decentralized exchanges and lending venues on Ethereum and the world's most capital-efficient Liquidity Layer for finance. This partnership combines Huma's PayFi yield primitive with Fluid's composable liquidity layer and Chainlink's institutional-grade cross-chain infrastructure and oracles, enabling PST to be deposited, borrowed against, and looped natively on Fluid from day one.
Since inception, Huma has facilitated over $14 Billion in payment volume with zero credit defaults, delivering institutional-grade USDC yield sourced from real-world payment financing activities including cross-border prefunding, trade finance, settlement liquidity, and credit card receivable financing. With this launch, Ethereum DeFi users can now borrow USDC and USDT against PST, or loop their PST positions natively on Fluid.
Through a single integration with Fluid, PST accesses DEX liquidity, borrowing markets, and looping mechanics in one infrastructure layer. PST is among the first assets leveraging Fluid's Liquidity as a Service platform — Fluid's institutional infrastructure designed to bring scalable, composable liquidity to real-world assets. The single-integration model gives RWA issuers a unified deployment path: one connection, three composability surfaces.
The integration is supported by Chainlink, whose oracles provide institutional-grade pricing for PST, while CCIP — secured by Decentralized Oracle Networks with a minimum of 16 independent node operators per bridge lane — connects PST across chains. Together, this gives lending markets, vault curators, and structured product venues the infrastructure to integrate PST with institutional-grade reliability.
About Huma: Huma Finance is the first PayFi network, providing on-chain liquidity for global payment financing. The network has processed more than $13 Billion in payment volume with zero credit defaults to date. PST, Huma's PayFi Strategy Token, is the network's USDC-denominated yield primitive, backed by real-world payment financing flows including cross-border prefunding, trade finance, settlement liquidity, and credit card receivable financing. Learn more at huma.finance.
About Fluid: Fluid is the world's most capital-efficient Liquidity Layer for finance that can support an entire ecosystem of financial products on top of it. Connects lending, DEX, borrowing, stablecoin markets and more financial products into one efficient system. Learn more at fluid.io.
About Chainlink: Chainlink is the industry-standard oracle platform bringing the capital markets onchain and the market leader powering the majority of decentralized finance (DeFi). The Chainlink stack provides the essential data, interoperability, compliance, and privacy standards needed to power advanced blockchain use cases for institutional tokenized assets, lending, payments, stablecoins, and more. Since inventing decentralized oracle networks, Chainlink has enabled tens of trillions in transaction value and now secures the vast majority of DeFi. Learn more at chain.link.
For more information about the partnership and related investment opportunities, visit:
Huma Finance: https://huma.finance/
Fluid: https://fluid.io/
Chainlink: https://chain.link/
PST contract on ETH mainnet: 0x22aE3D9a738471f405169Af055d31c687087d4c7
Explore PST Market on Fluid: https://fluid.io/dashboard/1?token0Address=0x22ae3d9a738471f405169af055d31c687087d4c7
Cumberland, Fluid a SwissBorg se připojily k Hashi od Sui před červencovým spuštěním globálního testnetu. Projekt má na Sui otevřít institucionální BTC zajištěné půjčování a vypůjčování.
[PRESS RELEASE – Grand Cayman, Cayman Islands, June 23rd, 2026]
Sui aims to transition more of Bitcoin’s $1.2T market cap into verifiable, productive onchain products.
Hashi, Sui’s native bitcoin finance primitive, gains more institutional support ahead of the scheduled launch of its global testnet this July.
Sui, where money moves as freely as messages, announced today that Cumberland, Fluid, and SwissBorg have joined the Hashi ecosystem, Sui’s native bitcoin finance primitive, weeks ahead of its scheduled global testnet launch this July. The expanding coalition addresses a critical bottleneck in crypto: solving the persistent capital inefficiency by unlocking over a trillion dollars of immobile BTC into DeFi safely.
Previous market cycles demonstrated the systemic dangers of relying on opaque, centralized credit intermediaries such as Celsius, Voyager, and Genesis to generate utility from dormant assets. Hashi replaces centralized balance-sheet trust with verifiable smart contract logic.
But with a strict separation for safety by design, Bitcoin remains securely on the native Bitcoin blockchain. Sui smart contracts handle the cryptographic and programmatic rights to enable its use as financial collateral.
“Hashi was built to unlock the productive use of Bitcoin at a scale the industry hasn’t seen before,” Adeniyi Abiodun, Co-Founder and Chief Product Officer of Mysten Labs, the original contributor to Sui. “We believe Bitcoin will become one of the largest sources of collateral in finance as the world moves onchain, and Hashi provides the foundation to make that possible on Sui.”
Built for Institutional Bitcoin Finance
Hashi is a foundational primitive setting a new standard for how builders can create bespoke, Bitcoin-backed financial products with risk parameters and loan terms that are fully verifiable onchain. In just a few weeks’ time, institutions, custodians, wallet providers, and developers can begin freely testing the infrastructure that will support Bitcoin-backed lending, borrowing, and credit origination on Sui.
Expanded Institutional Support
Three new powerhouses join the growing Hashi ecosystem, broadening support for institutional liquidity providers, market makers, and digital asset platforms:
Cumberland: One of the digital asset industry’s largest institutional market makers, Cumberland joins the Hashi ecosystem to evaluate the protocol’s structural frameworks and prepare for eventual onchain liquidity provisioning. SwissBorg: A European wealth management app with over one million users, is exploring opportunities to connect its network of European high-net-worth Bitcoin holders and liquidity providers to Hashi, creating new pathways for Bitcoin-backed borrowing and lending. Fluid: A major DeFi lending protocol with a strong record of efficient, safe trades, is now building in preparation for mainnet institutional services. Fluid’s participation would provide institutional-grade lending markets and deepen access to Bitcoin-backed credit on Sui. These new builders join an industry-leading group of infrastructure providers, custodians, and DeFi protocols already working together to build a native Bitcoin financial ecosystem on Sui.
“Bitcoin is the world’s most liquid digital asset, but without native utility, it remains an off-chain asset,” said Paul Kremsky, Global Head of Business Development at Cumberland. “Hashi is exciting because it introduces a transparent, institutional-grade framework for BTC-backed credit that will replace synthetic workarounds with a product we are excited to use ourselves.”
“Our community has consistently sought native ways to lend and borrow against their Bitcoin,” said Cyrus Fazel, Founder & CEO at SwissBorg. “We’re thrilled to see Hashi delivering innovative solutions that make this a reality.”
“The next phase of the industry’s growth will come from bringing larger pools of capital onchain through infrastructure institutions can actually trust,” said Samyak Jain, Co-Founder & CEO at Fluid. “Hashi gets this right: Bitcoin stays on its native chain while verifiable contracts make it productive as collateral. Fluid’s lending infrastructure is built to turn that into deep, capital-efficient Bitcoin-backed credit markets on Sui.”
These additions expand the growing consensus of many partners announced earlier this year that Sui is where Bitcoin finance will take flight, thanks to Hashi:
Custody & Wallet Access
BitGo: Institutional custody clients. Blockdaemon, Cobo, Fordefi (by Paxos): Institutional wallet and infrastructure providers. Cubist: Cross-chain collateral infrastructure and transfer engine. Ledger: Retail/institutional self-custody. SwissBorg: UHNW European retail/institutional asset management and wallet interface. Lending, Trading & Liquidity Providers
Bullish: Institutional digital asset platform supplying liquidity. Cumberland: Leading institutional crypto market maker and liquidity provider. Erebor: OCC-chartered bank providing liquidity. FalconX: Institutional prime brokerage supplying liquidity. DeFi & Lending Applications
AlphaLend, Bluefin, Current, Scallop, Suilend: Native DeFi protocols enabling retail lending and borrowing on day one. Fluid: Connecting lending, borrowing, liquidity and more financial products into a capital-efficient system. Navi: One of Sui’s largest and longest running DeFi protocols slated for Hashi lending. Vaults & Asset Management
Concrete by Blueprint Finance: Yield-infrastructure vault platform. Inveniam Capital: Real-World Asset (RWA) yield strategies. Wave Digital Assets LLC: SEC-registered investment adviser working with industry partners to facilitate the issuance of Bitcoin-collateralized bonds. Index Oracle, Insurance & Security Auditing
CF Benchmarks: Crypto index provider distributing pricing data via oracles. Soter Insure: Native, Bitcoin-denominated institutional insurance. Asymptotic, Certora, OtterSec: Smart contract security and formal verification auditors. The activation of the global testnet this July represents the ultimate rehearsal for fully changing Bitcoin Finance. This sandbox environment is designed for institutional engineers, Sui protocols and developers, and custody partners to test integration parameters, stress-test the code under simulated market volatility, and verify cryptographic integrity ahead of mainnet release.
Technical documentation and testnet access configurations will be hosted at https://www.sui.io/hashi.
About Sui
Sui, where money moves as freely as messages, is a next-generation Layer 1 blockchain built for scalable finance and global payments. Founded by the core team behind Meta’s stablecoin initiative and powered by an object-centric model, Sui makes assets, permissions, and user data programmable and ownable. Sui’s primitives offer builders everything they need to create high-performance payments and financial applications, including instant agentic payments. Users can learn more at sui.io.
NULS spustil mainnet v2.20.0 s podporou BTC a ETH pro poplatky za gas a s vylepšeným cross-chain zpracováním. Aktualizace je povinná pro všechny provozovatele uzlů.
The team at NULS, a blockchain having a modular-based architecture for cross-chain interactions, has announced the launch of a new mainnet version. The NULS Mainnet v2.20.0 offers substantial enhancements targeted at increasing the NULS ecosystem’s functionality and efficiency, especially in the case of transaction processing and on-chain capabilities. The platform took to its official social media account to announce this development.
NULS Announces Its Mainnet Update with the v2.20.0 Version, Offering Support for $BTC and $ETH According to NULS, a noteworthy feature of the latest update deals with support for $BTC and $ETH assets for gas fees. The respective assets are bridged from local Ethereum and Bitcoin networks via the NULS Parachain NerveNetwork. This makes it significantly convenient for clients to transfer within the ecosystem of NULS. In this respect, they can use well-known crypto assets.
This inclusion will potentially improve the consumer experience with the provision of additional flexibility concerning transfer fee payments. Apart from that, the update takes into account optimizations regarding the cross-chain processing. They focus on minimizing the server pressure along with enhancing the network performance in general. This is specifically crucial while cross-chain interactions operate as a chief feature within the NULS platform.
The Node Owners Need to Update the Nodes to the Latest Version These interactions enable smooth interoperability between diverse blockchain networks. Additionally, NULS v2.20.0 update takes into account diverse stability issues and bugs, guaranteeing a more secure and dependable network for consumers. As the update is mandatory, node owners need to update each of the nodes, taking into account consensus and regular nodes.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
Goldfinch zaznamenal třetí default: Lend East má splatit jen asi 4,25 milionu USD z půjčky ve výši 10,2 milionu USD. Celkové ztráty protokolu se blíží 18 milionům USD.
Undercollateralised crypto lending platform Goldfinch just suffered its third default.Those burnt by the loss are calling on Goldfinch to reimburse users with funds from the protocol’s $107 million treasury.Critics say the repeated defaults highlight the difficulty of underwriting emerging-market loans.Lenders using decentralised finance protocol Goldfinch are facing a big hit after another large borrower defaulted on its debts.
Borrower Lend East previously took out $10.2 million worth of loans backed by Goldfinch users.
In an April 1 update, Warbler Labs, the company behind the Goldfinch protocol, announced Lend East would be able to repay only around $4.25 million of the loan, and said it expected Lend East to default on the remaining $5.9 million when the loan matured on April 3.
“Warbler Labs is engaging external counsel to explore all rights and remedies that are available to the community to maximise recovery,” the company said.
The situation with Lend East marks the third default users of the Goldfinch protocol have suffered since it started operating in January 2021.
Critics say the repeated defaults highlight the difficulty of underwriting emerging-market loans and expose serious problems with the Goldfinch protocol’s model.
Goldfinch users say that the Lend East loan’s initial credit assessment was “poorly executed” and that both Goldfinch and Lend East failed to provide backers updates on the loan over the past year.
‘The lowest quality borrowers’The Goldfinch protocol lets its users underwrite undercollateralised loans to companies across the globe, many of which operate in emerging markets.
In traditional finance, such loans are risky and therefore yield high returns. In DeFi, where double-digit annual returns are common, Goldfinch fits right in.
“Underwriting emerging-market loans has always been difficult and putting them on crypto rails doesn’t change that fact,” Tze Donn Ng, an investment associate at Tioga Capital Partners, told DL News.
Ng said that weak regulations in emerging markets, generally low creditworthiness, and adverse selection all contribute to the difficulty. “Only the lowest quality borrowers will go to you, otherwise they would borrow from banks or credit funds,” he said.
Instead of conducting credit assessments for loans itself, Goldfinch relies on a decentralised group of auditors to approve borrowers for the protocol to consider. Those who backed the Lend East loan have accused the auditors of doing a poor job on the loan’s initial credit assessment.
“Initial Goldfinch credit assessment has been poorly executed — or assessor poorly selected — as we end up with multiple default on multiple loans,” a user posting under the name felix2545 said in the Goldfinch Discord — a messaging app.
DL News asked Warbler Labs CEO Mike Sall and chief technology officer Blake West for comment. West directed DL News to Goldfinch’s April 1 announcement and didn’t comment further.
‘A model problem’Goldfinch’s business model is not a new one.
Banks and credit funds have long lent money in emerging markets, but calculating the risks of underwriting such loans is much more complex than lending in developed countries, such as the US.
“DeFi adds efficiency to structuring, capital formation, and deployment, but none of that matters if you don’t have strong underwriting and recourse,” Ryan Rodenbaugh, founder of crypto research and development company Wallfacer Labs, told DL News.
Despite Goldfinch’s best efforts, relying on third parties to source borrowers and assess risk may just be too difficult to make work.
“It’s a model problem,” Ashish Anand, founder of asset tokenisation platform Bru Finance, told DL News. “Not only Goldfinch, but anything that is structured as a credit fund where they rely upon third parties to do sourcing.”
Despite the defaults, Goldfinch has also facilitated 13 loans that were fully repaid. Another eight are listed on the Goldfinch website as “on time.”
A substantial hitThe latest default represents 7.7% of the amount of all active loans outstanding on Goldfinch. Those burnt by the loss are now calling on Goldfinch to reimburse users with funds from the protocol’s $107 million treasury.
Combined with Goldfinch’s previous defaults of a $5 million loan to Kenyan company Tugende, and $7 million from US-based credit fund Stratos, the protocol’s total losses sit at almost $18 million.
In the case of Stratos, Warbler Labs took on the full risk and responsibility of recovery, and backstopped losses for Goldfinch users. The Goldfinch DAO also voted to allocate $1 million in USDC from its treasury to cover losses from the Tugende loan.
DL News asked Warbler Labs’ West if the firm is considering backstopping the losses from Lend East’s loans. He didn’t immediately respond.
Another one of Goldfinch’s loans is also looking precarious. Almavest, a company that lends money to ESG-focused companies in India, Egypt, Indonesia, Colombia, Spain, Philippines, and other markets, is currently late in repaying a $2.1 million loan.
Whether Goldfinch will be able to bounce back from its recent default remains to be seen.
“To solve the existing issues, they will need to go through the regulatory route and restructure debt,” Tioga Capital’s Ng said. “Though this does not fix the long-term problem of poor underwriting.”
Tim Craig is DL News’ Edinburgh-based DeFi Correspondent. Reach out to him with tips at [email protected].
Goldfinch Finance se po masivním nesplácení dlužníků formálně ukončuje a přechází do maintenance mode. GIP-87 počítá s návratností pro vkladatele za dva a více let.
Warbler Labs posted an official governance proposal on June 12 to wind down Goldfinch Prime and move the protocol to maintenance mode. A Snapshot vote is passing 100% in favor. Depositors face a two-or-more-year recovery horizon as GFI trades 99.8% below its January 2022 all-time high.
Goldfinch Finance, the a16z- and Coinbase Ventures-backed DeFi lending protocol, is formally winding down after a governance proposal posted by its core developer confirmed the protocol cannot recover from widespread borrower defaults that have stranded depositors for nearly three years.
Warbler Labs, Goldfinch's core development team, posted GIP-87 on June 12 formally proposing to "begin an orderly wind-down of Goldfinch Prime and to move Goldfinch into 'maintenance mode' solely focused on supporting the collection of remaining legacy borrower payments."
The proposal was authored by Mike Sall and Blake West of Warbler Labs. A Snapshot governance vote opened June 20 and is currently passing with 1,052,820 GFI cast, 100% YES, against a quorum requirement of 250,000 GFI. The vote closes June 23.
Blake West, co-founder of Warbler Labs, the development firm behind Goldfinch, said the protocol spent six years testing approaches to onchain private credit without finding durable demand. Its most recent product, Goldfinch Prime, drew a tepid response despite launching across three chains, partnerships with Plume and R2, and a marketing push, he said. West said there was no clear path to traction short of a major pivot the protocol could not fund on its remaining runway.
He said the team opted to wind down in a way that preserved enough resources to keep operations running for years while remaining borrowers repay, and pointed to a new trust set up to maximize what the community can recover. West also rejected accusations of fraud, saying Warbler spent $7 million of its own money to repay lenders, returned more than $1 million in revenue toward repayments, and sold more than $2 million in GFI from the treasury for the same purpose. He said he personally lost money in Goldfinch's earlier V1 deals.
"There is no "good time" to shut down. It's been 6 years since we started Goldfinch. We tried a lot of things. It's pretty clear that normal crypto investors don't really want private credit,” West said in a June 14 Discord post. "And please, can we stop with the accusations of scam or fraud? It's just nonsense.”
Depositor ClaimsThe wind-down was first surfaced publicly a week after the governance post, when a depositor posted Friday on X reporting more than $50 million in outstanding loans across eight borrowers, two in default and six in restructuring. GIP-87 confirms that many borrower pools "experienced serious performance issues" and places total original loans at approximately $100 million; the depositor's $50 million figure likely reflects his portion of the book.
The depositor said he deposited in September 2021, added capital twice in 2022, requested a withdrawal in August 2023, and has recovered only 30% of his principal, estimating an additional 10% may return over the next one to two years.
The onchain picture confirms the withdrawal freeze. DefiLlama shows Goldfinch holds $56.15 million in outstanding borrowed capital against $1.63 million in total value locked on Ethereum, leaving nearly all deposited capital tied up in loans. GFI, the protocol's governance token, traded at $0.0663 Sunday, down 99.80% from its all-time high of $32.94 reached in January 2022, per CoinGecko. The token's market cap stands at $6.18 million, down roughly 52% over the past 30 days.
The Official Wind-Down PlanGIP-87 lays out a detailed wind-down structure. Warbler Labs will immediately stop new protocol development, new growth initiatives, and marketing campaigns. A new U.S. trust entity will be established with Ted Gavin, the current Chief Restructuring Officer, as trustee to continue recovery-related work. Warbler Labs will receive $150,000 For wind-down services: $100,000 from the DAO treasury and $50,000 repurposed from the existing operational budget.
The legacy Goldfinch app will remain available for at least six months after the final expected borrower payment so depositors can collect repayments. GIP-87 sets the recovery horizon at "two or more years."
The forum drew angry depositor comments in the days after posting, with commenters calling the proposal "outrageous" and the outcome "utter incompetence." Goldfinch Prime, the newer iteration of the protocol, "has not achieved the level of adoption needed to justify continued investment," according to GIP-87.
Goldfinch launched in 2021 as a decentralized credit protocol channeling crypto capital into real-world loans in emerging markets. Andreessen Horowitz and Coinbase Ventures backed the project on a pitch of 10% APY yields backed by actual economic activity. The model routed USDC through "backers" and "senior pools" into loans made by off-chain credit firms in Nigeria, Kenya, and Southeast Asia, with collateral held off-chain in each borrower's jurisdiction.
The Model's WeaknessRamneek Ahluwalia, a former Cross River Bank employee who analyzed emerging-market lending, said Saturday on X that the protocol was "making loans against motorcycle collateral in countries with low governance and no credit bureaus." He said the team had "impressive resumes but no actual lending experience." His broader point: technology cannot replace core credit underwriting standards around capacity, collateral, and character.
Ahluwalia had flagged the same structural concern as early as 2023. In an October 2023 post, he wrote: "Goldfinch takes the worst of FinTech lending and puts it on chain. Just b/c something is on chain doesn't make the underlying activity (lending) less risky."
The collateral problem is acute in markets where physical recovery of assets is difficult. "Imagine making a loan against collateral where the borrower can literally flee," Ahluwalia wrote Saturday.
Broader PatternThe Goldfinch collapse follows the broader wave of RWA lending protocols that raised capital in 2021 and 2022 on the thesis that DeFi could intermediate real-world credit at scale. The model required trusting off-chain borrowers in jurisdictions where legal recovery of collateral is slow or impractical. Radiant Capital, a cross-chain lender that once held more than $300 million in deposits, wound down to a $2.21 million husk in June 2026, though in that case the cause was a $50 million hack linked to North Korea rather than loan performance.
Centrifuge, one of the largest onchain real-world asset platforms by TVL, hit the same wall in 2023, when roughly $5.8 million of loans across two pools went overdue — most of it in a pool financing consumer microloans in France, which ultimately unwound and ended in litigation.
With the GIP-87 Snapshot vote set to close June 23, the formal end of the protocol is now a governance formality.
On Thursday, September 12, crypto exchange Binance announced that it would be supporting the hard fork and network upgrade for privacy-focused digital cash project Firo. The announcement has led to major buzz in the crypto community with the FIRO price surging by 3% in the past hour.
Binance Jacks Up FIRO Triggering Optimism According to an official announcement by Binance dated September 12, the crypto exchange will start preparations for supporting the privacy-focused platform’s hard fork and network upgrade shortly ahead. Aligning with this mover, the exchange will halt deposits and withdrawals for the FIRO token starting September 16 at 04:00 UTC. This decision comes as an approach to ensure the best user experience, the crypto exchange clarified.
The hard fork and network upgrade is set to occur at the block height 958,655, or roughly on September 16 at 05:00 UTC. Moreover, as per the coin’s community, the upgrade Firo v0.14.14.0 will mandate tokenomics changes, as voted by the community.
Following the upgrade, the new block reward distribution will be 70% Masternodes, 5% Miners, 15% Development Fund, and 10% Community Fund. Firo’s official announcement offers a detailed view of all the changes.
With Binance’s extension of support to the project’s upcoming advancements, crypto market participants speculate over its price action ahead.
Token Price Jumps 3% Today Meanwhile, FIRO price gained nearly 3% in the past 24 hours and is currently trading at $1.12. The coin’s intraday low and high were recorded as $1.07 and $1.14, respectively. Today’s pumping price movements fall in line with the broader market trend and Binance’s support for the project’s upcoming upgrades. Moreover, the coin’s 24-hour trading volume surged slightly by 7%.
Notably, the crypto exchange behemoth’s expansion of offerings for cryptocurrencies has previously sparked an upward movement in prices. For context, AERGO price soared with Binance‘s enhanced offerings recently, CoinGape Media reported.
Altogether, crypto market enthusiasts speculate whether the looming developments could ignite a rally in the privacy-focused digital cash protocol ahead.
Soud zrušil odsouzení Avrahama Eisenberga v kauze Mango Markets a uvedl, že jen využil chybu v návrhu DeFi protokolu. Podle soudce Mango nemělo podmínky, které by jeho chování zakazovaly.
A judge said prosecutors didn't prove Eisenberg defrauded Mango Markets in 2022.A jury convicted him on fraud and manipulation charges last year.Prosecutors said he manipulated Mango's token price to borrow $110m that he didn't intend to repay.A version of this article appeared in our The Decentralised newsletter on May 27. Sign up here.
The idea that “code is law” just won in a court of law.
Avraham “Avi” Eisenberg, who exploited the Solana-based Mango Markets protocol in 2022, was sentenced last month to over four years in prison for possession of child sexual abuse material.
But Eisenberg was also supposed to be sentenced that day for defrauding Mango Markets.
Prosecutors had sought a combined sentence of up to eight years for the child sexual abuse material and the fraud charges.
He had pleaded guilty to the former, and fought the latter in a 2024 trial.
A jury found Eisenberg, 29, guilty of fraud.
But he requested a new trial, arguing the government failed to prove that he had ever committed a crime in the Southern District of New York, where he was tried.
The government had also failed to prove MNGO tokens were commodities; that Eisenberg manipulated the price of MNGO perpetuals; that he defrauded Mango Markets; and that he had used an interstate wire, his attorneys said.
Indexed Finance hacker now says he’s a whitehat
Andean Medjedovic has been living life as a fugitive for...Andean Medjedovic has been living life as a fugitive for more than a year now, but he says it hasn’t been too difficult moving...
At his sentencing hearing, Judge Arun Subramanian said there was a “non-zero chance” he would grant Eisenberg’s request.
On May 23, it was granted.
The judge has vacated Eisenberg’s convictions on commodities fraud and commodities manipulation charges, and acquitted Eisenberg of his wire fraud charge.
Indeed, the government had failed to prove Eisenberg ever committed a crime in the Southern District of New York, the judge wrote in a 35-page order last week.
More interestingly, however, the judge also said Eisenberg couldn’t have defrauded Mango, a self-executing DeFi protocol, because he had merely taken advantage of a flaw in its design, and the service lacked any terms that forbade his behaviour.
Eisenberg exploited a flaw in Mango Markets’ design by trading with himself to inflate the value of the protocol’s token, MNGO.
Prosecutors say he was then able to use MNGO perpetuals as collateral to borrow crypto worth about $110 million from the protocol’s users with “no intention of repaying them.”
“There was no evidence at trial that Mango Markets required any user to promise that they would repay funds as a condition of borrowing against their assets, so this isn’t a case where ‘a contractual promise was made,’” the judge wrote.
Moreover, “there was no evidence that the ‘borrow’ function on Mango Markets entailed an obligation to repay—or any other obligation for that matter—even if that’s how the term is conventionally understood.”
The judge continued:
“In other contexts, a contractual agreement to ‘borrow’ might give rise to a claim of fraud if an individual intentionally misrepresents or omits something relevant to the terms of the agreement or the parties’ negotiations.”
Here, however, “there were no terms and no negotiations. There was just the word ‘borrow.’ That word could have been ‘access collateral,’ ‘utilize assets,’ or anything else for that matter.”
The government argues that by hitting the ‘borrow’ button, Eisenberg essentially “created the false impression that his collateral was valuable.”
That doesn’t check out, according to the judge.
“As Eisenberg points out, the platform automatically measured the actual value of his collateral, so he didn’t represent anything untrue.”
Top DeFi stories of the week
This week in DeFi governancePROPOSAL: Sky DAO considers SPK token
VOTE: Lido DAO votes to implement new ‘dual governance’ framework
VOTE: Arbitrum DAO votes to lower quorum requirement
Post of the weekPining for the good old days when hacks were a dime a dozen.
Mango Network spouští airdrop 5 % z celkové nabídky $MGO pro rané uživatele, účastníky testnetu a přispěvatele komunity. Uplatnění nároku začne 24. června v 17:50 UTC a tokeny budou při distribuci plně odemčené.
Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.
Has Also Written
Last updated:
June 20, 2025
Mango Network, a rising Layer 1 blockchain project, on Friday announced a community airdrop ahead of its Token Generation Event. The team will distribute 5% of its total $MGO supply to early users, testnet participants, and community contributors.
The eligibility checker is now live, where users can connect their wallets and complete a three-step process to confirm and eventually claim their rewards.
Distribution begins on June 24, with tokens issued in the order of claim.
To begin, users must “bind” their Twitter accounts, which involves linking their Twitter profile to Mango’s platform to verify their identity and activity. They must also follow BeingDEX, Mango’s ecosystem partner.
Mango Network TGE and Airdrop is coming. Check your eligibility for $MGO now!
Thank you for being with us every step of the way. You helped build this, and now it’s time to witness the rewards.
⚠️ Note: Claiming will open after TGE. Please be aware of scams.
— Mango Network (@MangoOS_Network) June 20, 2025 Airdrop Claiming Starts June 24, With Eligibility Based On Weighted PointsAfter linking their profile, users can proceed to verify their airdrop share. A countdown timer on the site marks the time left to confirm eligibility.
Then, users can view and confirm their airdrop share. Once confirmed, the final step will allow users to claim their rewards when the claim window opens at 17:50 UTC on June 24.
Unlike typical airdrops based solely on point totals, Mango uses a weighted system. Token allocation will reflect not just the number of points a user has, but also the quality of their testnet participation and any community roles they held, such as OG status.
All Tokens To Be Unlocked At Claim, With Caution Urged Against FraudAll tokens will be fully unlocked at the time of distribution. However, the team has urged users to remain cautious of scams. They said that only official Mango channels should be trusted for claiming instructions.
Meanwhile, Mango Network has positioned itself as a next-generation blockchain. It aims to solve two of Web3’s toughest problems — fragmented liquidity and poor user experience. To do this, the project uses a multi-VM, full-chain infrastructure. This design promises a smoother experience for both developers and users.
Now, with the airdrop underway, Mango is rewarding those who helped build its foundation. At the same time, it offers a glimpse into what the future of its ecosystem could look like.
Mango Network zveřejnila tokenomiku pro MGO: celková nabídka bude 10 miliard a 10 % připadne na airdropy, tedy 1 miliarda MGO. Token se má postupně odemykat déle než sedm let.
Mango Network is gearing up to launch its token generation event with a total supply of 10 billion MGO. The token launch will begin with a two airdrop events with a 10% token allocation.
In an official post, the layer1 blockchain with multi-virtual machine support recently unveiled the tokenomics for its upcoming native token launch. Although the notice did not mention the exact date for the MGO token generation event, it has already scored listings on major crypto exchanges like Bitget, MEXC and KuCoin for June 24, 2024 09:00 AM UTC.
“As MangoOS_Network approaches its Token Generation Event (TGE), we’re thrilled to reveal the Mango Tokenomics!” wrote the network in its post.
According to the announcement, the network has prepared total token supply of 10 billion MGO. Around 10% of the tokens, essentially 1 billion MGO, will go to early supporters through airdrops. Around 5% of the tokens will be distributed via the testnet airdrop and 5% will be allocated for the mainnet airdrop.
“Half of the rewards are designated for the Testnet participants and active community contributors, while the other half is reserved for the future Mainnet Airdrop,” wrote the network.
One of the largest shares of the token supply will be allocated to maintaining the liquidity of the Proof-of-Stake staking pool, specifically 20% of the token supply. This is meant to incentivize validators and stakers to “ensure security and decentralization.”
Another 20% will go to the Mango Network Foundation, while 17% will be allocated to the Ecosystem Innovation Fund, which is aimed at rolling out tokens to support developers and ecosystem growth overtime. In addition, 15% of the token supply will be allocated to the Mango Network team and early contributors. Another 15% will go to investors.
Finally, Mango Network claimed that 3% of its token supply will go to advisors of the project.
All token allocations, including tokens received through the mainnet and testnet airdrops, will be subjected to an unlocking framework that spans more than seven years. This means that the token allocation will gradually unlock in trickles of 12 million tokens per year until it reaches completion after seven years.
Mango Network, nová Layer 1 od MangoNet Labs, tvrdí, že zvládne 297 450 transakcí za sekundu a finálnost za 380 ms. Projekt má 10miliardovou nabídku $MGO s okamžitým plným odemknutím.
The blockchain industry continues to grapple with fundamental scalability and interoperability challenges that have persisted since Ethereum's early days. High transaction fees, slow confirmation times, and isolated ecosystems create barriers preventing mainstream adoption of decentralized applications. Mango Network, a new Layer 1 blockchain built by MangoNet Labs, claims to solve these problems through an ambitious technical architecture that combines multiple virtual machines, cross-chain functionality, and throughput capabilities that dwarf existing solutions.
With $13.5 million in funding, Mango Network promises to process 297,450 transactions per second with 380-millisecond finality while supporting both Ethereum Virtual Machine (EVM) and Move Virtual Machine (MoveVM) in a unified ecosystem. These bold claims arrive alongside the project's Token Generation Event on June 24, 2025, when $MGO tokens begin trading on Bitget, MEXC, and KuCoin at 09:00 AM UTC.
But technical specifications alone don't guarantee success in the competitive Layer 1 landscape. This analysis examines Mango Network's architecture, tokenomics, and real-world potential to determine whether it represents genuine innovation or another case of blockchain hype exceeding reality.
Technical Architecture: Multi-VM InnovationThe Move Programming Language AdvantageMango Network implements "Mango Move," an enhanced version of the Move programming language originally developed by Facebook for the Diem project. Move was designed specifically for digital assets, treating tokens and NFTs as "first-class citizens" in the programming model.
This resource-oriented approach provides several critical advantages:
Ownership Safety: Digital assets are represented as resources that cannot be copied or implicitly discarded, preventing double-spending attacksStatic Typing: Every variable's type is known at compile time, eliminating entire categories of runtime bugs that have plagued other smart contract platformsFormal Verification: The Move Prover tool mathematically verifies smart contract behavior before deployment, allowing developers to specify contract logic in formal termsModular Design: Smart contracts can be safely upgraded and composed without breaking existing functionalityDual Virtual Machine ImplementationWhile Move provides superior security for financial applications, Mango Network recognizes that most existing DeFi protocols and tools are built for the Ethereum Virtual Machine. Rather than forcing developers to choose between security and compatibility, Mango implements both EVM and MoveVM within the same blockchain.
This dual-VM approach works through parallel execution, allowing EVM-based applications to operate alongside Move-based contracts without interference. Each VM maintains its own state space while sharing the underlying blockchain infrastructure. Mango's OP-Mango Layer 2 solution facilitates communication between EVM and MoveVM environments through standardized event capture and data serialization protocols.
The platform implements sophisticated resource allocation to prevent one VM from monopolizing network capacity. Transaction fees and execution limits are balanced across both environments to maintain fair access, while both virtual machines access a shared data availability layer to ensure state changes in one environment are visible to the other when needed.
Modular ArchitectureTraditional blockchains bundle multiple functions into single systems that become difficult to optimize. Mango separates four core functions: execution handles smart contract computation, consensus manages validator coordination through DPoS, settlement provides final transaction confirmation, and data availability stores transaction information across the network.
This separation allows each component to optimize independently while maintaining system integrity. The claimed 297,450 TPS throughput depends on this modular design, though real-world performance often differs from theoretical maximums.
Mango’s chain infrastructure (official website)Cross-Chain Infrastructure and Zero-Knowledge IntegrationCross-Chain Infrastructure and Privacy FeaturesOP-Mango powers cross-chain functionality by processing transactions off-chain in batches before submitting results to networks like Ethereum. The system uses $MGO tokens as gas for cross-chain operations, includes fraud proof mechanisms, and enables asset transfers between different blockchains while maintaining security through cryptographic verification.
Privacy and Storage FeaturesThe platform incorporates ZK-SNARK and ZK-STARK technologies for privacy-preserving transactions and cross-chain transfers. Users can trade anonymously or move assets between chains without revealing transaction details. The platform also uses decentralized storage with data backups and economic incentives for storage providers who earn $MGO tokens for maintaining data availability.
MgoDNS represents the platform's decentralized domain name system that bridges traditional internet and blockchain environments. The system can resolve standard internet domain names while adding blockchain-specific features. For example, a single domain name like "alice.mgo" could resolve to wallet addresses on multiple different blockchains. Smart contracts can also automatically update these domain resolutions based on programmed conditions.
Tokenomics Deep DiveDistribution Strategy and Economic ModelThe $MGO token's 10 billion total supply with immediate full unlock represents a significant departure from typical token release schedules. This strategy reflects specific theories about token velocity and network adoption but creates substantial economic risks.
The comprehensive distribution allocates tokens across eight categories. The Foundation receives 20% (2 billion tokens) for long-term development and operations, while the POS Stake Pool gets an equal 20% for network security and validator rewards. The Ecosystem Innovation Fund holds 17% (1.7 billion tokens) for dApp development and partnerships, indicating serious commitment to ecosystem growth.
Private investors receive 15% (1.5 billion tokens) from the $13.5 million funding round, which means these tokens face immediate unlock and potential selling pressure. The team and early contributors also get 15%, which raises questions about long-term alignment incentives given the lack of vesting schedules.
Community airdrops represent 10% of the total supply, split equally between testnet (500 million tokens) and mainnet (500 million tokens) participants. Claims open at 17:50 UTC on June 24, 2025, on a first-come, first-served basis.
Advisors receive the smallest allocation at 3% (300 million tokens), suggesting they provide primarily strategic rather than operational value.
Token Utility and Value DriversThe $MGO token serves multiple functions that should create various sources of demand:
Transaction Fees: All network operations require $MGO for gas, creating baseline demand that scales with network usageCross-Chain Operations: OP-Mango uses $MGO as universal gas for cross-chain transactions, potentially driving significant demand as interoperability growsNetwork Security: Validators must stake $MGO to participate in consensus, removing tokens from circulation while earning staking rewardsGovernance Rights: Token holders vote on protocol changes and parameter updates, giving $MGO value beyond pure utilityEcosystem Integration: Various protocols within Mango may incorporate $MGO into their own tokenomics, creating additional demand sourcesHowever, the immediate unlock strategy creates several economic risks. Ten billion tokens entering circulation simultaneously could overwhelm demand, particularly if early participants rush to realize profits. The large ecosystem fund allocation assumes rapid adoption and development activity, but if ecosystem growth lags expectations, these tokens could become a prolonged source of selling pressure.
Competitive Analysis and Market PositioningLayer 1 Competition LandscapeMango Network enters a crowded Layer 1 market where established players maintain significant advantages through developer adoption, total value locked, and ecosystem maturity. Ethereum retains the largest developer ecosystem despite high fees and scaling challenges, while Solana offers high throughput with a proven track record, though it has faced network stability issues.
Move-based competitors Aptos and Sui both use variations of the Move programming language with different approaches. Mango's dual-VM approach differentiates it from these competitors but also adds complexity.
The platform's claimed 297,450 TPS represents a significant improvement over most existing networks, but these theoretical maximums require validation under real-world conditions. Mango's omni-chain vision competes with established interoperability solutions like Cosmos and Polkadot, which offer cross-chain functionality through different technical approaches. Success will depend on whether Mango's integrated approach provides meaningful advantages over existing solutions and whether developers find the multi-VM architecture compelling enough to overcome the momentum of established platforms.
Security Audit and Development TeamProfessional Security ReviewMango Network underwent comprehensive security audits by MoveBit, a recognized blockchain security firm. The project completed two separate audits: a core network audit (April 7-19, 2024) and a dedicated bridge audit (December 9, 2024 - January 6, 2025), demonstrating thorough security coverage across all critical components.
The core network audit employed multiple testing methodologies including dependency checks, static code analysis, fuzz testing, and manual code review. Results were notably positive, with only two issues identified - zero critical vulnerabilities, one major issue, and one informational finding. Both issues were resolved before mainnet launch.
The bridge audit was more comprehensive, identifying seven issues across different severity levels, including one critical vulnerability related to signature replay attacks. However, all seven issues were successfully fixed before deployment. The bridge audit covered cross-chain functionality between Sui, Ethereum, and Mango chains, ensuring secure asset transfers across the platform's multi-chain architecture.
MoveBit's reviews covered execution layers, consensus mechanisms, cross-chain infrastructure, and external dependencies, providing confidence in the platform's security foundation across both core functionality and critical bridge operations.
Development Team and LeadershipThe project maintains transparency through visible leadership, including CEO Benjamin Kittle and CTO David Brouwer. Brouwer brings relevant technical expertise in Move programming and high-performance systems development. The team's commitment to open-source development is evident through their active GitHub repository with multiple branches and version tags, indicating ongoing development activity.
The development process emphasizes academic research and formal verification tools, with Move Prover being actively maintained as an open-source component. This approach aligns with the technical rigor required for the platform's ambitious multi-VM architecture.
Ecosystem Applications and Adoption StrategyDeFi and Cross-Chain Use CasesTraditional DeFi operates in a multi-chain environment where protocols deploy separate instances on different blockchains, creating liquidity silos and forcing users to manage assets across multiple environments. Mango Network's omni-chain approach promises unified liquidity pools that can access assets from multiple blockchains simultaneously.
For example, a lending protocol on Mango could theoretically accept Bitcoin collateral, Ethereum-based tokens, and Solana assets within the same pool, dramatically expanding available liquidity. However, this vision requires solving challenges around asset price synchronization, bridge security, and regulatory complexity across multiple jurisdictions.
The platform's high throughput and low fees also make it suitable for gaming applications that require frequent microtransactions. Dynamic NFTs that change properties based on player actions or cross-game interactions become feasible, potentially creating shared gaming economies where assets move between different games.
Enterprise Integration PotentialMgoDNS represents the platform's decentralized domain name system that bridges traditional internet and blockchain environments. The system can resolve standard internet domain names while adding blockchain-specific features. For example, a single domain name like "alice.mgo" could resolve to wallet addresses on multiple different blockchains. Smart contracts can also automatically update these domain resolutions based on programmed conditions.
Companies could potentially manage tokenized assets through familiar web interfaces backed by blockchain security, or integrate blockchain tracking into existing supply chain systems without complete infrastructure overhauls. However, enterprise adoption typically requires proven security track records and regulatory clarity that new platforms lack.
The success of these applications depends on more than technical capability. User experience factors, regulatory compliance, and integration with existing business processes often determine adoption rates more than underlying technical performance.
Investment Analysis and Risk AssessmentBull Case for Mango NetworkThe platform addresses real problems in current blockchain infrastructure through technical innovation that, if executed successfully, could provide sustainable competitive advantages. Growing demand for cross-chain functionality creates market opportunities for platforms that deliver seamless omni-chain experiences.
Positive Development IndicatorsThe platform demonstrates several encouraging signals for potential success. The MoveBit security audits, with minimal findings, suggest solid code quality and development practices. The $13.5 million funding provides adequate resources for ecosystem development, while the substantial ecosystem fund allocation indicates a serious commitment to attracting developers and applications.
Active GitHub development with multiple branches and regular commits shows ongoing technical progress. The team's emphasis on formal verification through Move Prover and academic research references suggests a rigorous approach to blockchain development that could appeal to institutional users and serious DeFi protocols.
The blockchain infrastructure market continues to grow rapidly, with room for multiple successful Layer 1 platforms serving different use cases and user segments. If Mango can prove its technical claims and attract quality developers, it could capture significant market share in the cross-chain and high-performance blockchain segments.
Risk Factors and ConcernsThe technical complexity of supporting multiple VMs and seamless cross-chain functionality creates significant execution risk. Many blockchain projects fail to deliver on ambitious technical promises, and Mango's scope increases both potential impact and failure risk.
Established Layer 1 platforms have network effects, developer mindshare, and institutional relationships that will be difficult to overcome regardless of technical superiority. The immediate unlock of all tokens creates significant downside risk and suggests either overconfidence in immediate adoption or inexperience with token economic best practices.
Cross-chain functionality and privacy features may face regulatory challenges that could limit adoption or require costly compliance modifications. The Layer 1 blockchain market may also be approaching saturation, with limited room for new entrants to achieve meaningful market share and developer adoption.
ConclusionMango Network presents a technically sophisticated approach to Layer 1 blockchain infrastructure through its multi-VM architecture, comprehensive cross-chain functionality, and strong security foundation. The platform's clean audit results from MoveBit, transparent development practices, and substantial funding provide a solid foundation for ecosystem growth.
While the immediate token unlock strategy and competitive market dynamics present challenges, the project's technical innovations address real problems in current blockchain infrastructure. The combination of Move programming language security, EVM compatibility, and omni-chain capabilities could provide meaningful advantages if properly executed and adopted.
The June 24, 2025 token launch will provide important market feedback on investor and user interest. Early performance metrics, developer adoption rates, and the platform's ability to deliver on its high-throughput promises will be key indicators of long-term viability and success in the competitive Layer 1 landscape.
For more information about Mango Network and airdrop eligibility, visit mangonet.io, or for updates, follow @MangoOS_Network on X.
Swarm spustí na mainnetu Plasma devět tokenizovaných akcií, včetně Apple, Microsoft, Strategy, Tesla, Nvidia, BlackRock, Intel, Coupang a Coinbase, obchodovaných proti stablecoinům. Tokeny jsou vydané podle nařízení EU o prospektu a mají právní nárok na podkladové cenné papíry.
Nine tokenized equities, including Apple and MicroStrategy, are set to debut on the stablecoin-focused Plasma blockchain.
Swarm, a regulated decentralized finance platform with a total value locked (TVL) of around $7 million, will launch nine tokenized equities on Plasma when the blockchain’s mainnet launches on Thursday.
Once live, users will be able to trade tokenized shares of Apple (AAPL), Microsoft (MSFT), Strategy (MSTR), Tesla (TSLA), Nvidia (NVDA), BlackRock (BLK), Intel (INTC), Coupang (CPNG), and Coinbase (COIN) against stablecoins.
Swarm said the tokenized equities are issued under the EU Prospectus Regulation, giving holders legal rights to the underlying securities. By pairing tokenized stocks with stablecoins, users can trade assets on-chain and access them 24/7.
The launch reflects the broader growth of tokenized real-world assets (RWAs), which enable investors to access traditional assets, such as stocks or bonds, on blockchain networks. The RWA sector recently surpassed $30 billion in on-chain value, nearly doubling since January 2025.
“Stablecoins are the bridge between digital and traditional finance,” said Timo Lehes, co-founder of Swarm. “Pairing them with tokenized equities like Apple or MicroStrategy stock on Plasma means users can move easily between cash-like assets and regulated securities without leaving the chain.”
Plasma is a Layer 1 (L1) blockchain backed by Tether, Bitfinex, and Framework Ventures. It’s designed for stablecoin transfers and is compatible with the Ethereum Virtual Machine (EVM).
The network is set to launch with more than $2 billion in committed liquidity, according to the project. The project’s token generation event (TGE) for its XPL token is also highly anticipated, with pre-markets implying a $7.5 billion valuation at the time of writing.
Swarm ExpandsAbout a month ago, Swarm partnered with the Hedera Foundation to launch tokenized stocks on Hedera, an L1 blockchain with a TVL of roughly $114 million.
That rollout included a redemption pool that allowed users to cash out of tokenized stocks on-chain immediately, instead of waiting for the typical two-day settlement period, according to Hania Othman, Director of Financial Markets and Sustainability at Hedera.
These developments come as tokenized stocks gain momentum across both decentralized and centralized platforms. Centralized exchanges (CEXs) such as Kraken, Gemini, and Robinhood have all announced tokenized stock offerings for investors outside the U.S. this year.
TRUTH, nativní token agentické AI platformy Swarm Network, bude 1. října uveden na Binance Alpha a o 30 minut později i na Binance Futures. Při spuštění bude mít nabídku 10 miliard tokenů, z toho 2 % bude vyčleněno na airdropy.
TRUTH, the native token of the Agentic AI platform Swarm Network, is set to be listed on Binance Alpha and Binance Futures on Oct. 1.
Summary
TRUTH token will be available for trading on Binance Alpha and Binance Futures on Oct. 1. The total supply of TRUTH tokens will be set at 10 billion at launch, with 2% allocated for community airdrops. Binance Alpha, a spotlight section within the main Binance exchange, will be the first platform to feature the TRUTH token, with trading starting on Oct. 1 at 12:00 p.m. UTC.
Just 30 minutes later, it will be added to Binance Futures, allowing traders to speculate on TRUTH/USDT perpetual contracts with up to 50× leverage.
It should be noted that a listing on Binance Alpha or Binance Futures, or both, does not automatically guarantee a spot listing on the main exchange. However, tokens that perform well on these platforms and generate significant investor demand could potentially secure a spot listing on the main platform.
As part of the listings, Binance also revealed a TRUTH airdrop for eligible users based on the Alpha Points they’ve accumulated by participating in Binance Alpha events and campaigns. The total amount of tokens to be airdropped was not revealed at the time of writing.
According to its published tokenomics, the TGE will establish the total supply of TRUTH at 10 billion tokens, with around 20.85% of the supply expected to circulate at launch, with the rest subject to vesting schedules and lockups.
Out of the total, 2% of the max supply, or 200 million TRUTH tokens, are earmarked for airdrops. In addition, 700 million tokens have been allocated to exchanges and launchpads, and 500 million tokens are reserved for liquidity and market-making.
30% of the total supply is allocated to Agent Licenses, a mechanism that anchors participation in Swarm’s agentic AI ecosystem, while 25% is allocated to community reserves and the DAO treasury.
Other allocations include 10% for the Swarm team, 3% for advisors, and 8% for seed investors, while the rest is reserved for ecosystem incubation, to be unlocked gradually over four years.
What is Swarm Network? Swarm Network is an Agentic AI protocol that coordinates autonomous multi-agent systems to transform off-chain data into verifiable on-chain truth. By combining AI agents, cryptographic proofs, and decentralized collaboration, it provides a trust layer for digital and physical data.
Founded in 2024, the project developed the Truth Protocol, which enables agent swarms to validate information and record reliable outcomes on-chain. Developers can scale these swarms using no-code tools, while Agent Licenses allow participants to operate agents and earn rewards for contributing to the network’s data-validation economy.
Its native token, TRUTH, will power the ecosystem through governance, staking, transaction fees, agent operations, and community incentives.
The project is backed by Sui, Ghaf Capital, Y2Z Ventures, Brinc, and Zerostage, with funding rounds totaling $13 million in 2025 through strategic investment and NFT agent license sales.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Swarm Network spustí $TRUTH 1. října 2025 a token už má v oběhu 10 miliard kusů. Binance Alpha jej ve stejný den zařadí spolu s TRUTH/USDT perpetuálním kontraktem s pákou až 50x.
Due to the fact that 10 billion tokens are already in circulation, the platform is prepared to scale its goal of making truth verification a community effort. Users have the ability to stake $TRUTH in order to support agent clusters for the purpose of data authentication. In the present online landscape, where sensational content often takes precedence over factual reporting, such a paradigm stands in sharp contrast to the existing state of affairs. An announcement was made today by Swarm Network that its native $TRUTH token is scheduled to launch on October 1st, 2025. This will bring about a new approach to the process of verifying and trusting information that is discovered online.
Swarm has been steadily gaining pace with millions of on-chain claim verifications and over 10,000 agent licenses sold throughout its testing phase. The Token Generation Event (TGE) represents a turning point for Swarm, which has been quietly accumulating momentum. Due to the fact that 10 billion tokens are already in circulation, the platform is prepared to scale its goal of making truth verification a community effort rather than keeping it in the hands of a few megacorporations in the technology industry.
This approach differs from other similar crypto ventures in that it divides responsibility among thousands of AI agents and human reviewers who can collaborate to independently verify claims, with each verification being recorded on-chain (creating a transparent trail anyone can check), rather than attempting to replace traditional fact-checkers with another centralized system.
Swarm Network’s Chief Executive Officer, Yannick Myson, has expressed his opinion on the matter:
“We believe truth should be infrastructure open, verifiable, and owned by the people. With $TRUTH going live, we’re not just launching a token, we’re launching a new foundation for information integrity online. Swarm is how we fight misinformation at scale, by aligning incentives, distributing power, and giving everyone the tools to verify for themselves.”
Users have the ability to stake $TRUTH in order to support agent clusters for the purpose of data authentication. The token itself is the source of power for everything that is included inside the Swarm ecosystem. This creates an economy in which getting the facts correct pays off in a tangible way, and in exchange, these agents have the opportunity to receive rewards.
In the present online landscape, where sensational content often takes precedence over factual reporting, such a paradigm stands in sharp contrast to the existing state of affairs.
As a result of all of this, early supporters will not be excluded from the benefits. Agent license holders and users who participated in the rollup testing phase will be able to claim airdrops via platforms such as KuCoin, and those who act promptly will get additional rewards. Additionally, token holders have the ability to engage in governance decisions, take part in verification campaigns such as Rollup Season 3, and offer liquidity when new features are introduced. This is in addition to the original distribution of tokens.
Binance has announced that $TRUTH will make its debut on its Binance Alpha platform on October 1 at 8:00 a.m. Eastern Time (ET). Additionally, the trading of the TRUTH/USDT perpetual contract, which offers leverage of up to 50x, is slated to commence at 8:30 a.m. ET on the same day. This announcement adds impetus to the launch initiative.
Additionally, the team has lofty goals for what is to come in the future. To begin, they are getting ready to launch the ‘Agent BUIDL’ Platform, which will enable anybody to build AI verification modules without the need for any previous knowledge of coding.
A similar concept, known as a “Agent Marketplace,” is now under development. This marketplace will allow these clusters to offer their services to other platforms and protocols. In addition, the well-known Rollup.News service is planning to broaden its scope beyond the confines of its present coverage of technology news to include coverage of politics, finance, and elections.
Lastly, since network safety measures are incorporated into the platform from the beginning, players are required to stake tokens for specific actions. This is done to ensure that the output quality is maintained and to prevent spam from spreading across the ecosystem.
To put it simply, the system gives preference to long-term involvement and meticulous verification over hasty and casual judgments. In summary, in contrast to inflexible blockchain projects that have difficulty adapting to new circumstances, the architecture that Swarm uses is meant to grow and adapt to any future issues without the need for a full new implementation.
The whole tokenomics breakdown can be seen here for those individuals who are interested in the technical particulars and distribution mechanisms of the aforementioned TGE.
The decentralized tools that Swarm Network develops are designed to assist communities in verifying information on a large scale. With the use of artificial intelligence agents, blockchain technology, and the engagement of the community, Swarm transforms the battle against disinformation into a collaborative endeavor in which correctness is rewarded.
MemeFi před pátečním snapshotem nabízí hráčům trojnásobné odměny z partnerských kampaní, aby si zvýšili podíl na airdropu. Token má být spuštěn na síti Sui 22. listopadu.
Telegram tap-to-earn game MemeFi is gearing up to launch its token after multiple delays and a shift to the Sui network. With two days left before the game takes a snapshot of player activity to determine token allocations, the developers have announced a last-chance opportunity for players to juice their share of the drop.
Ahead of the snapshot on Friday, November 15, MemeFi players can earn triple the rewards from partnered earning campaigns within the game. That includes tasks like playing games from other Telegram developers, signing up for an account at crypto exchange OKX, or following specific crypto-centric community channels on the messaging app.
None of these tasks tie into MemeFi’s core tap-to-earn fighting gameplay, which sees you pummeling various meme-inspired enemies on your smartphone or tablet. However, they have been a big part of the overall MemeFi experience for months now.
In fact, the promotions have increasingly taken up more and more of the game interface in recent weeks as MemeFi’s developers apparently pack the game with connections to other companies and projects. But right now, at least, the partner promos could give players a late boost ahead of the airdrop.
MemeFi plans to launch its token on Sui on November 22, following this week’s snapshot. Originally, the game was building on Ethereum layer-2 network Linea, but said in late October that it would shift to Sui instead and work closely with network creator Mysten Labs to onboard players to the layer-1 ecosystem.
Linea, interestingly, is now gearing up to launch its own token. On Wednesday, a new nonprofit Linea Foundation was established, with plans to debut a token and hold an airdrop for early users sometime in Q1 2025.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
BiLira Kripto jako první turecká burza zařadila USDY od Ondo Finance. Turečtí uživatelé tak získají přístup k denní výnosnosti kryté americkými státními dluhopisy.
BiLira Kripto, one of Turkey’s largest crypto exchanges, recently integrated Ondo Finance’s USDY into its ecosystem. This integration aims to enhance the yield of tokenized US investments in Turkey.
BiLira has established itself as a major blockchain company driven by value in Turkey, providing various unique products. These include BiLira Kripto, an exchange that offers the best pricing and early access to the assets that are in the highest demand all over the world; BiLira TRYB, a stablecoin that is pegged to the Turkish Lira; and BiLira Direct, an on-ramp solution that streamlines the integration of fiat currency for partner applications.
The BiLira Kripto cryptocurrency exchange is a local cryptocurrency exchange that provides the Turkish ecosystem with deep liquidity, the best pricing, and a bridge to worldwide markets—the most liquid RFQ-type exchange in Turkey for market orders, with minimum fees and maximum convenience.
More About this Integration Between Ondo & BiLira Kripto Users can access Ondo Finance’s USDY, the permissionless yield token used by many users. This marks the first time that USDY is available on a Turkish exchange, which represents a significant milestone in the process of broadening access to tokenized US treasuries for the more than 10 million citizens of Turkey who utilize cryptocurrencies.
Today, customers in Turkey have the opportunity to obtain exposure to daily yield that is collateralized by US Treasuries. This is a significant step toward Ondo’s aim of making institutional-grade financial products and services accessible to all individuals.
In order to start accumulating daily yield, customers of BiLira Kripto can access USDY through the ‘Earn’ area of the BiLira Kripto app and website. Individuals can obtain USDY by using either USDT or TRYB. The holders of USDY immediately begin collecting an annual percentage yield (APY) of 5.05%, which is backed by US Treasuries.
Users are able to access the utility of stablecoins combined with yield and the institutional-grade investor protections of traditional finance through USDY, which currently offers a 5.05% annual percentage yield (APY) and has over 70 integrations across seven different blockchains (Ethereum, Aptos, Solana, Sui, Mantle, Mantra, and Cosmos via Noble). USDY has over 400 million dollars in total value of assets (TVL) and over 70 integrations over seven different blockchains.
Regarding the integration, Sinan Koç, co-founder & CEO of BiLira, said:
“We are excited to further our mission of expanding access to global crypto markets in Turkey by becoming the first exchange in the country to offer USDY. This offering provides investors with the unique opportunity to gain direct exposure to short-term US Treasuries, all within reach through BiLira Kripto. We are thrilled to introduce another powerful financial tool to empower Turkish investors.”
Lastly, this integration is a great advancement for investors in Turkey who want their hands on USDY and its benefits. It is the first time USDY has been listed on a Turkish exchange, so it carries a lot of potential for Turkish citizens.
AUTHOR
With over five years of experience in crypto, blockchain, and tech content, Ishtiyaq makes complex topics easy to understand. He simplifies blockchain and digital currency concepts for a wide audience, ensuring that beginners and experts alike can grasp key ideas. His clear and engaging writing helps readers stay informed about the latest trends, developments, and innovations in the crypto space. Whether explaining blockchain technology, digital assets, or DeFi, Ishtiyaq breaks down complicated ideas into simple, digestible content. His goal is to help people navigate the fast-changing world of cryptocurrency with confidence, clarity, and a deeper understanding.
Ripple has taken a bold step in its global expansion strategy by launching its US dollar-backed stablecoin, RLUSD, for Turkish users. Through new strategic partnerships with local crypto platforms BiLira, Bitexen, and Bitlo, Ripple is making the stablecoin directly accessible to Turkey’s dynamic institutional finance ecosystem—a market already noted for its high crypto adoption rates.
Corporate access in Turkey expandsTurkey’s unique position bridging Europe, the Middle East, and Central Asia, coupled with high levels of inflation and currency volatility, has made digital assets particularly attractive to both individuals and businesses. Crypto adoption goes well beyond just a hedge against value loss—digital currencies are now widely used in cross-border transactions and payments. The nation’s annual crypto transaction volume is estimated to be around $200 billion, highlighting the size and activity of the Turkish crypto market.
Ripple, based in the United States, has built a reputation for delivering innovative blockchain-powered payment and digital asset solutions. Its corporate-grade, compliance-focused RLUSD stablecoin was designed to offer transparent, dollar-pegged liquidity within regulatory frameworks. Launched in 2024, RLUSD’s market capitalization recently reached an all-time high of $1.88 billion, underlining surging demand.
Sinan Koç, co-founder of BiLira, emphasized that their collaboration with Ripple reflects a shared commitment to regulatory compliance, describing RLUSD as a strong asset for clients entering a new era in finance.
A new channel for payments and tradeBy leveraging the distribution capabilities of BiLira, Bitexen, and Bitlo, RLUSD has become far more accessible to Turkish institutional users. This logistical leap means firms active in international trade, remittance, and digital payments can now tap into RLUSD liquidity—sidestepping traditional, slow, and often costly cross-border banking protocols. The enhanced access is expected to speed up settlements and simplify liquidity management, a significant draw for finance teams.
HeadlineDescriptionNew partnersBiLira, Bitexen, BitloRLUSD launch year2024RLUSD market cap peak$1.88 billionTurkey annual crypto trading volumeApprox. $200 billionAcademic engagement broadens local footprintRipple’s plans for Turkey extend beyond market access. Istanbul Technical University, one of the country’s leading academic institutions, has joined Ripple’s University Blockchain Research Initiative (UBRI). The partnership is set to fund research programs, graduate scholarships, and the implementation of an on-campus XRP Ledger validator, marking a significant move towards building blockchain expertise in Turkey’s academic circles.
Mini Glossary: UBRI is Ripple’s global academic research initiative partnering with universities. An XRP Ledger validator helps verify transactions and maintain the integrity of the blockchain ledger.
Ripple’s expansion in Turkey is not only about geographical growth, the company also aims to establish a regulatory-compliant digital dollar infrastructure in markets with high crypto adoption, according to statements in the news.
With these new collaborations, Ripple is solidifying its presence in Turkey, gaining visibility in both the corporate sector and academic environments. The growing synergy between active blockchain infrastructure and Turkey’s vibrant talent pool could lay the foundation for next-generation digital finance systems in the country.
Industry experts view these developments as pivotal, especially as international companies and local players seek safer, faster, and more accessible stablecoin solutions. The focus on compliance and clarity is expected to boost institutional trust, spurring further adoption of digital dollar alternatives in the region.
In the context of economic uncertainty and rapid technological transformation, Ripple’s expansion arrives at a time when Turkish companies are increasingly prioritizing efficient capital movement and risk management. RLUSD’s design, emphasizing transparency and regulatory fit, addresses those exact needs.
Market observers note that Turkey could soon become a model for other emerging markets, where high inflation and volatile currencies drive demand for stable digital solutions. By investing in research as well as infrastructure, Ripple is betting on sustainable, long-term growth in the region.
The rollout of RLUSD, supported by crucial local partners and academic backing, positions Ripple at the forefront of a new wave of institutional digital finance in Turkey, potentially reshaping the landscape for years to come.
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.
Crust Files se oficiálně integroval do aplikace Base a přináší uživatelům decentralizované ukládání souborů přímo v aplikaci. Uživatelé mohou nahrávat, upravovat a ukládat data bez opuštění Base.
Crust Network has announced that Crust Files has officially joined Base app. This is a new move to simplify decentralized storage to the everyday users.
The update allows Base app users to add, edit, and store files using Crust’s decentralized infrastructure without having to leave the application.
🎉Big News for the Crust Fam!
We are thrilled to announce that Crust Files has officially integrated into the @baseapp ! 🥳@base users can now enjoy a seamless, decentralized storage experience powered by Crust:
✅ Effortless Uploads: Simple, intuitive file management.
✅… pic.twitter.com/7CkVP73T3h
— Crust Network (@CrustNetwork) January 4, 2026 Crust Network described the integration as a significant milestone for both systems. The move is expected to make privacy-concentrated storage more accessible to more people by introducing decentralized file storage to a mass audience in a popular Web3 app.
This is a combination of infrastructure and usability within one experience, as Crust Network, with its decentralized storage technology, is integrated with Base, which has a growing user base.
Benefits for Base App Users Crust Files is now added to Base app, and thus individuals can access decentralized storage using a familiar interface.
Users have the ability to upload files without any inconveniences and control their data. Rather than keeping the files in dedicated servers, they are stored on the decentralized network of Crust that employs a series of replicas to enhance the reliability and availability.
Data permanence is another major point of the integration. The files stored using Crust will be made in a manner that they will not be lost with time, the possibility of losing data, or without prior notice. This is in line with the general Web3 objective of empowering users with long-term ownership of their digital assets.
Privacy is also at the center stage. All files uploaded by the Crust Files are encrypted, therefore giving the user ownership and control of who can access their data. Such emphasis on privacy is in line with the increasing fear of data misuse and centralization of control over conventional storage services.
How Crust Network Powers Decentralized Storage Crust Network is a Substrate-based Layer-1 blockchain that was developed to support IPFS-based decentralized storage. It stores the data in a distributed system of nodes, forming redundancy and resiliency in its infrastructure.
The high availability and security of hosted content is the goal of Crust as it aims to maintain over 30 file replicas. The model is compatible with a broad set of applications such as websites, decentralized applications, NFTs, and now everyday files as a part of the Base app integration.
The design of Crust is geared towards verifiable storage, i.e., the network is able to demonstrate that the data is being stored properly and continuously. This provides an additional level of trust over the usual cloud storage, where the user is forced to trust what the service providers say.
The combination with Base underscores the fact that Crust wants to go beyond developers and technical users in expanding decentralized storage. Crust is providing a core infrastructure to the future of Web3 adoption by integrating its services into consumer-facing apps.
Why This Matters for the Web3 Ecosystem This move to incorporate Crust Files into the Base app is beneficial to Web3 in the context of usability and real-world applications. Although decentralized technologies have come to maturity, their adoption usually relies on how conveniently the users can communicate with them.
Base, which is based on Ethereum and Superchain, is designed to enable a global digital economy in which the user can create, trade, and interact within a single application. Making it decentralized storage will enhance this vision by enabling the user to have control over their data as well as their financial and social life.
To the broader ecosystem, the partnership with Crust Network illustrates how specialized Web3 protocols can be used together to provide full user experiences. Users have the advantage of integrated services that are both seamless and practical rather than divided tools.
With these integrations, privacy and reliability may be more demanded by users on the Internet, and future expectations of data ownership and trust issues on new decentralized systems in the years to come may change in the mainstream development of a new system worldwide.
AUTHOR
With over five years of experience in crypto, blockchain, and tech content, Ishtiyaq makes complex topics easy to understand. He simplifies blockchain and digital currency concepts for a wide audience, ensuring that beginners and experts alike can grasp key ideas. His clear and engaging writing helps readers stay informed about the latest trends, developments, and innovations in the crypto space. Whether explaining blockchain technology, digital assets, or DeFi, Ishtiyaq breaks down complicated ideas into simple, digestible content. His goal is to help people navigate the fast-changing world of cryptocurrency with confidence, clarity, and a deeper understanding.
Following a $50 million loss in 2023, blockchain game developer Immutable claims its 2024 performance has rebounded, with revenue exceeding $110 million.
Blockchain game developer Immutable, best known for titles like Gods Unchained and Guild of Guardians, has reportedly improved its performance after reporting a $50 million loss for 2023, the Australian Financial Review reports, citing the firm’s recent filings.
Immutable’s financial results for 2023 showed a big loss, which the firm blames on a tough crypto market, global regulations, and high marketing costs. Still, the blockchain game developer is optimistic about its future.
In a commentary for the Australian Financial Review, a spokesperson for the firm said that Immutable is performing way better now, adding that the firm’s revenue for the 2024 financial year has already surpassed $110 million, a 50% increase from the previous year.
The revenue surge came after Immutable rolled out its own layer-2 network Immutable zkEVM, developed in partnership with Polygon Labs. Immutable is also investing in the web3 gaming sector, launching a $100 million fund to support game developers.
In March 2022, Immutable raised $200 million in a Series C funding round headed by Singapore’s state-owned investment company Temasek, putting its valuation at $2.5 billion. Other investors that participated in the funding were Mirae Asset, ParaFi Capital, Declaration Partners, and Tencent Holdings.
In late February 2025, Immutable co-founder Robbie Ferguson shared that several gaming companies valued over $1 billion seem open to launching tokens. This comes as on-chain gaming activity sees a surge. According to DappRadar’s games report released on February 13, blockchain gaming reached over 7 million daily unique active wallets in January 2025, a 386% increase from the year before.
IMX tento týden klesl na 0,495 USD, i když Immutable hlásí silný růst aktivity v oblasti NFT. Prodeje Guild of Guardians Heroes vyskočily na 8,89 milionu USD a celkové prodeje NFT dosáhly 13,7 milionu USD.
Immutable token retreated this week as market participants reacted to the broader crypto market crash. It also dropped despite welcoming a popular game to its platform and a surge in Guild of Guardians NFT sales.
Immutable (IMX) fell to $0.495 on Friday, down 36% from its May peak and 86% from its high last year. The sharp decline has dragged its market capitalization from $4.6 billion in September to $958 million.
The decline came even after developers announced that Legends of Elumia had migrated to the Immutable network from Ronin. This is notable, as Legends is a fast-growing title acquired by Triumph Games in April and boasts thousands of monthly active players.
Meanwhile, Immutable’s NFT activity showed notable strength this week. Data indicates that Guild of Guardians Heroes generated $8.89 million in sales, a 61% increase from the same period last week. Guild of Guardians Avatars sales rose by 64% to $4.2 million. In total, Immutable processed $13.7 million in NFT sales this week, up 69% from the previous period.
The next key catalyst for the IMX token is a major unlock scheduled for June 13. It will release 24.52 million tokens, valued at over $12.7 million. Fortunately for investors, IMX unlocks will conclude in October, transitioning the token into a deflationary asset.
Immutable price technical analysis IMX price chart | Source: crypto.news The daily chart shows that the IMX price peaked at $0.8100 in May as most cryptocurrencies rallied. It then pulled back to $0.50, its lowest point since May 8.
IMX has since dropped below its 50-day Exponential Moving Average, while both lines of the MACD have crossed below the zero line. The Relative Strength Index has also tilted downward and is approaching oversold territory.
Given these signals, the token will likely continue falling as sellers target key support at $0.3458, its year-to-date low. A drop to this level would complete a double-bottom pattern, which could signal a rebound back to the neckline at $0.8100. However, a decisive move below that support would invalidate the bullish setup.
Speed Markets se změnil v plně onchain dApp s Account Abstraction a integrací Pyth Network. Od spuštění přilákal přes 1 800 uživatelů a zprostředkoval 44 000 trhů napříč pěti sítěmi.
Speed Markets, powered by Thales Protocol, has evolved into a robust Account Abstraction dApp, marking a significant milestone not only for Thales but for the decentralized application space at large.
Since launching in August 2023, Speed Markets has attracted over 1,800 users and facilitated 44,000 markets across five chains, demonstrating the platform’s wide-reaching appeal and functionality. Optimism leads these chains with $1.5 million in trading volume, evidencing the community’s preference for its fast, low-cost operations.
Better to rely on the fastest oracle to build your speed markets 🏎️@thales_io released its dedicated Speed Market dApp, one of the world's first onchain dApps with full Account Abstraction — powered by Pyth.
Pull, don’t push 🔮https://t.co/BFlvRi8Ukv
— Pyth Network 🔮 (@PythNetwork) July 17, 2024 Revolutionizing User Experience with Account Abstraction The transition of Speed Markets to a fully on-chain dApp utilizing Account Abstraction is revolutionary, utilizing Biconomy’s SDK for infrastructure alongside Particle Network’s integrated Social Login wallet solution. This advancement makes the Speed Markets dApp accessible as a regular Web2 application across any device, streamlining the user experience significantly.
Participants can now engage with the dApp seamlessly—depositing collateral directly via the frontend without any third-party wallet confirmations or gas fee complications.
Trading on Speed Markets is facilitated by smart contracts that operate quietly in the background, allowing users to execute trades with simple clicks. The innovative use of Biconomy Session Keys and Paymaster architecture removes the need for users to sign transactions repeatedly during their active sessions, thus eliminating gas fees and making the process akin to a pure Web2 experience.
Integrating Pyth Network for Enhanced Trading Decisions A pivotal component of Speed Markets’ infrastructure is the integration of Pyth Network price feeds, which ensures that traders have access to accurate and real-time data. This integration is crucial for providing traders with the reliability needed to make informed decisions quickly and efficiently. Pyth Network’s high-fidelity price feeds enhance the platform’s security and the accuracy of trades, which is integral to maintaining trust and functionality within the dApp.
The Pyth Network feeds not only support the existing structure of the dApp but will also play a central role in the new standalone app designed to offer a more intuitive and streamlined trading experience. This standalone app prioritizes user-friendly interactions, allowing both novice traders and seasoned professionals to navigate and execute trades effortlessly.
Fostering Growth with New Features and Community Engagement Looking ahead, Speed Markets is set to introduce several new features under its Pikes Peak roadmap for the second half of 2024, aimed at broadening access and enhancing functionalities within the dApp. These include more integrated data sources and innovative solutions leveraging real-time data for better trading strategies.
Furthermore, the integration of Account Abstraction on Base network is celebrated with a gas sponsorship from Biconomy and Base, covering up to 100,000 transactions. This initiative will enable users to engage with the platform without the burden of transaction costs until the allocated 1 ETH gas tank is depleted.
Speed Markets is setting the pace for future developments in the decentralized trading space, combining advanced technological solutions with user-centric features to create a comprehensive and engaging trading environment.
AUTHOR
Mysterious crypto writer with expertise in blockchain, offering deep insights that captivate and intrigue readers. With a unique ability to uncover hidden insights and trends, Samuel delivers in-depth analysis and thought-provoking content that keeps readers on the edge of their seats. His writing style is engaging and informative, blending technical knowledge with a sense of intrigue, making complex crypto topics accessible to both newcomers and seasoned industry professionals. Samuel’s work continues to capture the attention of the crypto community, solidifying his reputation as a trusted voice in the space.
Overtime – an onchain sportsbook platform – has formally integrated its parent protocol, Thales, under the Overtime brand. The consolidation introduces a unified identity for the protocol and coincides with the launch of a new native token, OVER.
As part of the transition, the project has also unveiled a new primary domain and implemented full account abstraction integration to enhance the platform’s user experience.
With over four years of development, Overtime has established itself as a fully onchain sportsbook offering functionality comparable to traditional offchain platforms.
Built on the Ethereum network, the protocol emphasizes transparency, security and immutability.
Overtime’s operational history includes the following.
Over $200 million in volume Support for over 100 sports and leagues 50,000 active users More than 10,000 unique betting markets Users can access the new Overtime domain here.
A decentralized alternative to traditional sports betting Overtime distinguishes itself from traditional bookmakers by operating a fully decentralized, permissionless sportsbook platform.
Anyone can seamlessly access Overtime with a simple connection without the barriers of traditional restrictive betting limits, arbitrary bans or withheld payouts.
Since its inception, Overtime has organically become the primary driver of Thales DAO growth.
Recognizing this growth, the DAO’s community unanimously approved – via Thales Improvement Proposal 238 – the full merger of Thales DAO to the branding of Overtime.
Comprehensive onchain user experience enabled by full account abstraction With this launch, Overtime is also introducing a new concept – Overtime accounts – an onchain smart account designed to abstract wallet and EVM network complexities.
Overtime accounts use Particle Network for the seamless creation of wallets via Social Logins and Biconomy’s SDK to handle the smart-account functionalities, enabling frictionless transactions through its Paymaster, Bundler and Session Keys infrastructure.
After creating an Overtime account, users can deposit supported collateral into their designated address to access Overtime’s onchain sportsbook interface.
The platform supports features such as parlays, system bets, SGPs (same-game parlays), futures and live betting.
Transactions are executed through an account abstraction framework, removing the need for manual confirmations or the use of ETH to cover gas fees.
Overtime’s user experience has been designed to minimize blockchain-related complexities, allowing users to engage with the platform’s sportsbook features without requiring technical knowledge of underlying blockchain processes.
The interface offers a streamlined experience comparable to traditional web applications while maintaining the transparency and self-custody benefits provided by the Ethereum network.
A new Overtime UX is available here.
The new Overtime DAO token – OVER The new OVER token will have a new total supply of 69.42 million, compared to the original 100 million of the THALES token.
This means that 30.58 million THALES tokens will be burned in preparation for the migration to OVER.
All THALES token holders will be able to migrate their THALES to OVER token at a one-to-one ratio on the new Overtime.io domain.
This aligns with the new sustainable tokenomics designed to foster growth and focus it entirely on the OVER token.
The new OVER token will serve multiple utilities including the following.
OVER as betting collateral – By using OVER token as collateral on Overtime, users will enjoy improved odds (two percent better than baseline odds) compared to other collaterals. This boosts OVER token usage and aligns token holders with platform users. Buyback and burn – All fees from Overtime will flow directly towards OVER token buybacks, focusing the entire growth of the project towards the token. Burning the buybacks reinforces deflationary token dynamics. Governance token – Holding OVER grants voting power within Overtime’s decentralized governance structure. The OVER token is built using Chainlink’s CCT token standard for easy and secure cross-network bridging using Chainlink’s CCIP.
The token will be live and liquid on Optimism, Arbitrum and Base across prominent DEXs (decentralized exchanges) such as Uniswap, Velodrome and Aerodrome.
How Overtime works Overtime innovations are a testament to its industry leadership.
Onchain parlays, system bets and SGPs – With its cutting-edge smart contract technology, Overtime brings advanced sportsbook features onchain. Live betting – With the Merkle Tree-based core architecture paired with robust Chainlink oracle infrastructure, Overtime has managed to bring live betting onchain without the risks of frontrunning and toxic flow. Permissionless liquidity providing – Overtime liquidity pools allow anyone to deposit USDC, ETH and BTC collateral to gain exposure to platform performance and act as a counterparty pool against the traders. Onchain free bets infrastructure – Anyone can wrap their tokens and send them as Overtime free bets. Overtime’s open free bets solution is a cutting-edge tool for user rewards and onboarding. A global movement Overtime represents an onchain revolution – a real-life example of how a traditional industry is improved by going onchain.
It is a fair, permissionless and globally accessible powerhouse that is bound to organically dethrone all classic offchain platforms.
Unlike traditional sportsbooks that may restrict users based on performance, Overtime operates on a fully transparent and onchain infrastructure.
The platform’s design ensures that participation is governed by smart contracts, removing the ability to impose user-specific limitations.
Engagement is determined solely by the interaction between users and the underlying liquidity smart contracts.
To date, Overtime has distributed cryptocurrency-based incentives, rewards and competition payouts amounting to several million dollars in value.
Participation in Overtime’s promotional campaigns and airdrops is open to all users, subject to eligibility criteria and regional availability.
About Overtime Overtime is a fully onchain sportsbook designed for accessibility, allowing users to connect via social accounts or EVM-compatible wallets.
The platform supports multiple cryptocurrencies and provides fiat onramp options through credit card payments.
Overtime replicates the core functionalities of traditional sportsbooks while operating through decentralized infrastructure.
The protocol does not implement user bans or individualized restrictions, enabling open access to place bets and withdraw funds.
Throughout each season, users may be eligible for various forms of incentives such as cryptocurrency airdrops, free bet credits and other rewards.
Additionally, participants have the option to contribute to the platform’s liquidity pool, effectively taking on the role of liquidity providers.
Binance spustila USDT-margined perpetuální kontrakty pro Phala Network (PHA) a dForce (DF) s pákou až 75x. PHA za týden vzrostl o 310 % a DF za měsíc o 120 %.
Binance announced new perpetual contracts for Phala Network (PHA) and dForce (DF) with up to 75x leverage. This news sparked excitement in the market, amid a remarkable 310% weekly surge for PHA and a 120% monthly gain for DF. The added support from the exchange highlights the exchange’s strategic focus on expanding trading options, further driving trading activity and market attention toward these tokens.
Binance Revealed Perpetual Contracts for Phala Network and dForce On December 30, Binance announced the launch of USDT-margined perpetual contracts for Phala Network (PHA) and dForce (DF) tokens. These contracts offer up to 75x leverage, providing traders with high-risk, high-reward opportunities.
The PHAUSDT perpetual contract was launched at 11:30 UTC, followed by the DFUSDT perpetual contract at 11:45 UTC. Both contracts will allow 24/7 trading and feature a capped funding rate of +2.00%/-2.00%. The leading crypto exchange also said that it will support these contracts in Multi-Assets Mode, enabling users to utilize multiple assets, like BTC, as a margin for trading.
According to the Binance, the funding fee for these contracts will settle every four hours. The platform highlighted that these future listings may not guarantee spot listings, ensuring users understand the differences in product offerings. The exchange may adjust trading specifications based on market conditions. This highlights its focus on risk management and enhancing user experience.
PHA and DF Prices Surge as New Exchange Listing Drives Momentum Phala Network (PHA) price was trading at $0.522 and recorded an extraordinary 310% weekly surge, with its price ranging between $0.41 and $0.58 in the last 24 hours. The token’s market cap stands at $395 million, while trading volume hit $400 million despite a 27% drop. This growth was driven partly by its listing on Bitget, which caused a 50% price jump. Now, with the exchange’s support, the token’s user base is expected to expand further, amplifying its trading activity.
dForce (DF) price gained significant traction, with a 120% monthly increase and a 15% rise in the last 24 hours. The token’s price was trading at $0.099 and fluctuated between $0.076 and $0.1277, with a market cap of $91 million and $159 million in trading volume.
Meanwhile, Binance’s perpetual contract launch is likely to boost PHA and DF’s visibility and trading volume, driving the crypto’s growth in the competitive crypto market. With both tokens gaining backing from one of the top crypto exchanges, traders are anticipating a potential rally ahead for the assets.
AirSwap odhalil kritickou zranitelnost v nově spuštěném smart kontraktu na blockchainu Ethereum, která mohla umožnit swap bez podpisu protistrany. Tým okamžitě vrátil AirSwap Instant na původní kontrakty a zranitelný kód byl aktivní méně než 24 hodin.
AirSwap reported that their development team had detected a ‘critical vulnerability’ in a recently launched AirSwap smart contract. According to a blog released on medium, AirSwap, a decentralized token-trading platform built on the Ethereum blockchain, revealed that on 12th September, the internal security review team recognized a major flaw in the mainnet of the smart contract.
The vulnerability would have allowed any hacker to perform a swap with another party without requiring their signature. It was stated that the tainted code was active in the system for less than 24 hours and only a few addresses were affected. The article stated,
“When the issue was detected, the team immediately rolled back AirSwap Instant to use the original smart contracts. Both the AirSwap Instant and Trader products are no longer affected by the vulnerability.”
The AirSwap team also carried out a few remediations after the vulnerability was reported. Dev team initiated identification of affected users and started the process of de-risking [process of protecting user asset without alerting the network]. All vulnerable components were removed from the production AirSwap UI and from all related tools.
AirSwap released a statement of apology and remarked,
“We would like to deeply apologize to our affected users for any inconvenience these vulnerabilities may have caused, and hope that the important lessons we continue to learn throughout these processes form the basis for a more open, secure, and efficient trading environment.”
Z hacku UPbitu bylo podle nové zprávy vypráno 20 520 ETH v hodnotě 3,2 milionu USD, tedy 6,4 % ukradených prostředků. Transakce míří přes malé převody na řadu burz včetně Binance, Bitfinex, Bitrue, Huobi a Hitbtc.
In November last year, the South Korean cryptocurrency exchange, UPbit, was hacked. The perpetrators took approximately $50 million worth of Ethereum. A new report shows that $3.2 of the stolen funds is already laundered using small transactions towards numerous other exchanges.
$3.2 M Of ETH Laundered During November in 2019, Cryptopotato reported that the popular South Korean crypto exchange, UPbit, was hacked. At the time, over $50 million worth of the second-largest cryptocurrency, Ethereum, were withdrawn from the exchange to an anonymous account, which raised concerns.
Even though UPbit officials reacted swiftly and stopped all further transactions, they confirmed a bit later that the hack indeed took place. The CEO of the company also said that they would recover all lost funds from UPbit’s corporate assets.
A new report indicates that 20,520 ETH of the total stolen amount has already been laundered. In terms of USD, it has a value of $3.2 M, which is 6.4% of all the stolen funds.
The anonymous address that received all stolen coins when the hack was initiated has been linked with numerous small transactions towards lots of other cryptocurrency exchanges. Some of those exchanges include Binance, Bitfinex, Bitrue, Huobi, Hitbtc, and more.
Uppsala Security, the entity behind Sentinel Protocol, revealed the information and claims that these transactions have the sole purpose of money-laundering. The President of the firm, Patrick Kim, seems to believe that this particular criminal activity will continue:
“We believe that the hackers continue to launder money through exchanges without any sanctions standing in their way.”
UPbit Updates Security The Korean exchange appears to be taking further steps to improve its security and to make sure that similar activities won’t happen again. UPbit recently announced that it has updated its Ethereum wallet security system and made the old addresses obsolete.
You may also like: Jaredfromsubway Hacker Ignores 50% Bounty, Routes Funds to Tornado Cash BitMine, SharpLink, and Joe Lubin Back New Ethereum Nonprofit ETHLabs New Proposal Redirects 10% of Staking Rewards to Fund Ethereum Ecosystem The company has also opened deposits and withdrawals for Ethereum and other cryptocurrencies. Moreover, customers should delete the previous ETH address from their wallets entirely, as this could cause future losses.
“A new wallet system has been adopted for deposit and withdrawal of cryptocurrencies. […] The recovery of ETH sent to the previous address from now on could be a long and costly process.”
Hydration spustila na Polkadotu decentralizovanou úvěrovou platformu Hydration Money Market. Uživatelé mohou vložit krypto jako zástavu, vydělávat úrok a půjčovat si digitální aktiva.
Gibraltar, Gibraltar, November 29th, 2024, Chainwire
Hydration has announced the launch of its decentralized borrowing platform, the Hydration Money Market. The new platform allows users to supply cryptocurrency as collateral, earn interest on their deposits, and borrow various digital assets.
Built on the Polkadot blockchain, the platform emphasizes efficiency and innovation in the decentralized finance (DeFi) ecosystem. Hydration introduces on-chain prioritized liquidations, a mechanism designed to minimize losses and prevent exploitation during liquidation events.
The platform operates as a fork of the AAVE v3 protocol, offering over-collateralized borrowing capabilities and enabling users to explore advanced strategies, such as leveraging positions and arbitraging interest rates. These features cater to users seeking diverse, risk-adjusted financial strategies within the DeFi space.
Hydration’s launch is a step forward in its mission to democratize access to financial tools while ensuring sustainable protocol development. The project’s focus on transparency and user-centric design aligns with the broader goals of fostering a robust, decentralized financial ecosystem.
For more information, users can visit hydration.net, app.hydration.net or follow Hydration on X (formerly Twitter).
About Hydration
Hydration is a blockchain-based platform dedicated to enhancing financial accessibility and innovation through decentralized tools. By leveraging Polkadot’s scalability and interoperability, Hydration aims to empower individuals and institutions with secure, transparent, and efficient solutions for borrowing, lending, and managing digital assets.
Bifrost uvedl vDOT jako kolaterál na Hydration Money Market a během 15 hodin dosáhl limitu nabídky 220 tis. TVL přesáhlo 2,2 milionu USD díky poptávce po páce na DOT.
Singapore, Singapore, January 10th, 2025, Chainwire
Bifrost has announced that vDOT, Polkadot‘s largest liquid staking token (LST), has been listed as a collateral asset on Hydration Money Market. Within 15 hours of opening deposits and borrows, vDOT reached the supply cap of 220K and surpassed $2.2 million in Total Value Locked (TVL) pushed by DOT leveraging demand.
The integration of vDOT into Money Market allows for new strategies for Polkadot’s DeFi participants: By staking Polkadot (DOT), participants receive vDOT, which can be used as collateral to borrow additional DOT. This process allows for the possibility of repeating the cycle to explore strategies aimed at optimizing returns.With this introduction, Bifrost is unlocking the opportunities of what’s possible in Polkadot DeFi, creating synergies and flywheels for the ecosystem. Users are offered the opportunity to earn dual yields, borrow against their staked tokens without sacrificing liquidity, and leverage their positions for higher yields. This synergy also enhances DOT market liquidity, drives user adoption, and exemplifies the DeFi composability of Polkadot ecosystem, making vDOT as a cornerstone asset within the Polkadot ecosystem.
For more information, users can visit app.bifrost.io or follow Bifrost on X.
About vDOT
Bifrost’s vDOT, short for “voucher DOT,” is a reward-bearing liquid staking token (LST) issued by the Bifrost Staking Liquidity Protocol. vDOT represents staked DOT on the Polkadot Relay Chain and accrues staking rewards, reflected as an increase in its value rather than its quantity.
As Polkadot’s largest DOT LST, vDOT boasts a total locked value of over $50 Million, enabling users to maximize their capital efficiency while benefiting from staking rewards.
About Bifrost
Bifrost is a liquid staking appchain tailored for all blockchains, utilizing decentralized cross-chain interoperability to empower users to earn staking rewards and DeFi yields with flexibility, liquidity, and high security across multiple chains.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
