MANTRA ve spolupráci s M0 spustila MANTRA USD, stablecoin pro tokenizovaná RWA. Projekt má přesměrovat odměny z emitentů na účastníky sítě. Produkt byl představen 5. ledna 2026.
MANTRA, a popular blockchain ecosystem for real-world assets (RWAs), has introduced a new product in partnership with M0, a universal stablecoin firm. In this respect, MANTRA is launching MANTRA USD, which operates as a purpose-built stablecoin dealing with tokenized RWAs.
As we head into a new year, we're excited to introduce our newest and freshest product, @mantraUSD.
Built in cooperation with @m0, here's everything you need to know about the world's first purpose-built ecosystem stablecoin for RWAs.👇 pic.twitter.com/zbvGichEru
— MANTRA | Tokenizing RWAs (@MANTRA_Chain) January 5, 2026 As per MANTRA’s official press release, the development strengthens builders to create secure, interoperable, and programmable financial products to fulfill ecosystem requirements. The project gets support from the provisional U.S. Treasuries backing the MANTRA EVM RWA network.
MANTRA USD Goes Live to Challenge $USDC and $USDT’s Dominance in Stablecoin Market MANTRA’s MANTRA USD is going live in collaboration with M0. Hence, the product intends to redefine the stablecoin market. At present, $USDT and $USDC are dominating the industry while providing yield gains to the issuers instead of the communities that back them. On the other hand, MANTRA USD challenges the respective model and redistributes rewards to network participants. Thus, it ensures that value generation benefits those who drive the adoption.
As a result, this shift underscores a fundamental reimagining of the wider stablecoin economics, breaking away from the extractive activities toward mutual incentives. Amid the growth of the stablecoin ecosystem beyond $300B, MANTRA USD emerges as a crucial part of the next-gen Stablecoin 2.0 epoch. In such an era, aligned networks thrive via equitable distribution of value.
Stablecoin Shift Redefines Value Sharing and Yields Stablecoin sector is experiencing a substantial turning point. What started as a noteworthy hedge against the rise in crypto volatility currently stands as a multi-trillion-dollar opportunity. So, it demands innovation in the method of reward sharing. The design of MANTRA USD follows this vision, providing an asset-backed, transparent model to fortify ecosystems instead of diluting them.
According to MANTRA, the new stablecoin product delivers an advanced settlement layer that lets users stake into relatively low-risk vaults for risk-free returns. At the same time, the builders and asset managers can utilize MANTRA USD in the form of an on-chain proxy in the case of off-chain yields. Ultimately, amid the expansion in adoption, MANTRA USD is poised to revolutionize how ecosystems distribute and capture value during 2026 and onwards.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
Mantra po prudkém kolapsu OM propouští a přechází na úspornější provoz. Firma chce prodloužit runway a soustředit se na disciplínu a kapitálovou efektivitu.
Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...
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January 14, 2026
Mantra is restructuring after what its leadership described as one of the most difficult periods in the project’s history, following a severe collapse in its OM token and months of sustained market pressure that have forced the company to reassess its cost structure and priorities.
On Wednesday, Mantra CEO and co-founder John Patrick Mullin announced that the blockchain project would reduce its workforce and shift to a leaner operating model as it heads into 2026.
Today, I’m sharing one of the most difficult decisions we’ve had to make at MANTRA.
After the most challenging year MANTRA has faced for a multitude of reasons, I’ve decided to restructure the company. This includes reducing our team size and parting ways with a number of…
— JP Mullin (🕉, 🏘️) (@jp_mullin888) January 14, 2026 The decision comes after a year marked by aggressive expansion, a brutal token drawdown, and a prolonged downturn in market sentiment toward real-world asset tokenization.
Mantra Tightens Operations Token Collapse and prolonged market pressureIn a statement shared publicly, Mullin said the restructuring would involve job cuts across several teams, with business development, marketing, HR, and support roles among those most affected.
He claimed it was done as a response to the reality of matching expenditure with short-term realities since the cost base of Mantra could not be sustained in the face of the deteriorating market conditions.
Mullin added that the company would now be directed to disciplined execution, tightening of resources, and capital efficiency as it aims at stabilizing and rebuilding.
Going into 2024 and early 2025, Mantra had big growth plans and heavy investments to scale its RWA infrastructure, its chain, and its overall ecosystem.
Such effort assisted in making the project one of the top Layer-1s that concentrate on tokenized real-world assets.
However, Mullin said a combination of unfavorable events in April 2025, intensifying competition, and a prolonged market downturn ultimately forced the company to change course.
On April 13, the token fell from around $6.30 to below $0.50 during low-liquidity weekend trading, wiping out more than $6 billion in market capitalization within 24 hours, and triggered widespread concern across the DeFi sector.
Mantra denied any wrongdoing at the time, attributing the crash to forced liquidations by a large token holder on a centralized exchange.
Source: CoinGeckoCoinGecko data shows that OM had reached an all-time high of $8.99 in February 2025 before falling to as low as $0.59 by mid-April and remains trading roughly 99% below its peak.
Mantra Seeks Fresh Start After Cuts BackIn the aftermath of the collapse, Mantra took several steps aimed at restoring confidence, with Mullin announcing plans to burn 150 million OM tokens allocated to him at mainnet genesis, with the unstaking process completed later in April 2025.
A token buyback program and a public tokenomics dashboard were also introduced as part of a broader effort to improve transparency.
The project’s challenges were compounded later in 2025 by a public dispute with crypto exchange OKX over the timing and structure of OM’s token migration.
Mullin accused the exchange of publishing incorrect migration dates and urged users to withdraw tokens and follow official Mantra channels instead. The dispute added to uncertainty for holders already shaken by the April collapse.
Against that backdrop, Mullin said the restructuring is designed to extend Mantra’s runway and refocus the company on execution rather than expansion.
As the company looks to the future, Mullin explained that Mantra would be more disciplined and will ship faster and push itself forward into a sustainable and profitable future.
He said the company remains committed to its RWA strategy and believes a leaner structure will leave it better positioned to navigate market volatility and deliver on its long-term vision as the next phase of crypto adoption unfolds.
Pyse získal od VARA NOC pro tokenizaci PYSE Green Velocity 1, RWA v souladu se šaríou, krytého peněžními toky z elektrických motorek v Dubaji. Nabídka půjde přes MANTRA Finance a start je plánován na 10. února 2026.
DUBAI, UAE and HONG KONG, Jan. 29, 2026 /PRNewswire/ — Pyse has received the required Non-Objection Certificate (NOC) from Dubai’s Virtual Assets Regulatory Authority (VARA) to distribute PYSE Green Velocity 1, a token designed to fractionalize lease-based cash flows from electric motorcycles deployed across Dubai’s last mile delivery ecosystem.
The product will be distributed in Dubai through MANTRA Finance, a licensed broker-dealer operating under VARA’s VASP regulatory regime. The launch on February 10th, 2026 will follow nearly a year of collaboration between Pyse, MANTRA Finance, and a Shariah advisor, AmanX, to structure and prepare a fully regulated and Shariah compliant offering.
Following early real estate tokenization initiatives in Dubai, this launch approval marks one of the next steps in bringing income-generating infrastructure assets into regulated virtual asset markets. It reflects Dubai’s continued progression from experimentation to real-world deployment of tokenized assets within a clear supervisory framework.
Last mile delivery sits at the heart of Dubai’s urban economy, keeping platforms like Noon and Talabat moving at full pace. Driven by strong ecommerce adoption and dense city logistics, the segment represents a multi billion dollar opportunity and plays a central role in keeping goods and services moving efficiently across the city. Electric motorcycles are a key part of this system, offering lower operating costs, faster delivery times, and improved earnings outcomes for riders and delivery operators.
PYSE Green Velocity 1 fractionalizes lease-based cash flows generated by electric motorcycles deployed across Dubai. These are revenue generating, income producing assets that support riders, delivery partners, and the broader urban mobility ecosystem. By financing electric motorcycles, the structure contributes to the electrification of last mile delivery while improving unit economics for ecosystem participants.
“The ability to structure a Dubai-based asset, as an offering distributed to investors locally, is a strong signal of the country’s future-focused approach,” said Kaustubh Padakannaya, Co-Founder of Pyse. “This product would not be possible without VARA’s clarity and willingness to engage deeply with new asset classes. And we can’t wait to get the people of Dubai to become a part of the rapidly growing 10 minute economy”
“We are incredibly excited to partner with Pyse as the first onchain tokenized asset issuance on MANTRA Finance’s VARA regulated platform.” John Patrick Mullin, CEO and Founder of MANTRA, said. “We have been working with the Pyse team since the beginning of the MANTRA RWA accelerator, and are glad to see this real world use case coming together in a safe, compliant, and novel way. This offering will be a great example of how the MANTRA Finance platform will work with its key partners to leverage onchain DeFi technology with compliance oversight.”
The product has been structured to be Shariah compliant and has been independently audited by AmanX. The Shariah compliant structure aligns the product with regional investor expectations and reinforces its positioning as a long term, asset based investment.
The issuance of the required Non-Objection Certificate (NOC) by VARA on PYSE Green Velocity 1 reflects a regulatory environment that recognizes the role of tokenization in modern capital markets and is committed to building the necessary rails responsibly.
This approval represents a starting point as Pyse engages with wealth managers, family offices, and private investors in the coming weeks as the token is open for subscription.
PYSE Green Velocity 1 is a Shariah compliant real world asset product, built for Dubai’s sustainable vision and future first financial ecosystem.
A waitlist is now open on MANTRA Finance, with limited allocation remaining for the MANTRA community and public investors. The waitlist will close ahead of the February 10th launch.
Licensing or registration with VARA does not imply endorsement or approval of any specific Virtual Asset product, offering, or service.
About MANTRA
MANTRA is a purpose-built EVM compatible Layer 1 blockchain designed for real world assets, with native support for regulatory compliance.
MANTRA holds a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA) to operate as a Virtual Asset Exchange and provide broker-dealer, management, and investment services.
OM vyskočil o 33 % poté, co MEXC oznámila podporu pro swap tokenu MANTRA v poměru 1:4. Tržní kapitalizace se zvýšila z 55 milionů USD na 72 milionů USD.
After a fall from grace last year, Mantra is seemingly attempting a comeback with a rebrand.
Less than a year after Mantra’s OM token inexplicably plummeted 90% in minutes, the real-world asset (RWA) protocol is rebranding to a new token, and OM is up 33% today after MEXC announced its support for the token swap.
OM's market capitalization jumped from $55 million to $72 million after the crypto exchange said it would support the upcoming migration from OM to MANTRA. MEXC will accept deposits of OM, which will be swapped 1:4 to MANTRA.
Despite rallying 33%, OM is still down 99% from its all-time high of $8.5 in February 2025 and currently trades at $0.06.
OM Market Cap Chart - CoinGeckoThe rebranding comes just one month after Mantra announced staff cuts amidst a company restructuring.
While it remains to be seen whether this restructuring and token migration will help restore Mantra’s tarnished image, other protocols that have taken the token migration route have not fared well.
The most notable examples include Polygon’s migration from MATIC to POL, and Fantom’s migration and pivot from FTM to Sonic and its S token.
MATIC reached an all-time high fully diluted valuation (FDV) of $29.2 billion in December 2021, and POL now trades at a $1 billion FDV. FTM also reached its previous all-time high in December 2021, achieving an $11 billion FDV, but S now trades at just $171 million.
Tranchess, Scroll a StakeStone spouštějí nový výnosový produkt Queen Stone (stoneQUEEN). Má využívat ZK technologii Scroll a nabídnout více zdrojů výnosu v DeFi.
Tanzeel Akhtar has been reporting on cryptocurrency and blockchain technology since 2015. Her work has appeared in leading publications including The Wall Street Journal, Bloomberg, CoinDesk, Bitcoin...
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April 17, 2024
Tranchess, a decentralized protocol specializing in risk-adjusted yield solutions for digital assets, has collaborated with StakeStone, and Scroll to launch a new yield product, Queen Stone (stoneQUEEN).
In an announcement, Tranchess, Scroll, and StakeStone said they are addressing the recent surge in demand for DeFi products and services by offering users the opportunity to explore multiple DeFi protocols.
Queen Stone will use Scroll’s zero knowledge (ZK) technology. Tranchess will provide its expertise in yield optimisation and risk management combined with StakeStone’s staking solutions offering additional avenues for yield generation
“This integration introduces a complex, layered approach to yield optimisation, providing users with multiple sources of yield through native staking rewards, Stone points, Scroll marks, and Tranchess airdrops, along with additional earnings from LP pools,” said says Danny Chong, CEO and Co-Founder of Tranchess in a press release.
“As such, Tranchess StakeStone Fund deployed on Scroll empowers investors to explore multiple yield sources across DeFi protocols, enabling them to access diverse yield generation avenues,” adds Chong.
Dencun Upgrade Sees Surge in Demand for DeFi Products According to Tranchess a month into the Dencun upgrade, the DeFi community has been watching to see how prominent L2s will deliver cheaper transactions. There has been a surge in demand for DeFi products. DeFi’s TVL surged to a record-breaking high of plus $86 billion. This indicates a growing need to make DeFi more accessible to a broader audience.
Ethereum’s much-anticipated Dencun upgrade was scheduled for a mainnet launch on March 13, following successful testnet launches in February. The upgrade marked a significant milestone in Ethereum’s evolution and had an impact on the wider market.
In January, Tranchess, announced the launch of two new staking products. The products, dubbed “staYETH” and “turYETH,” aim to provide investors with diversified options for earning yield on their staked Ether (ETH).
Back then Tranchess said there is rising institutional demand for sophisticated DeFi products and positioned staYETH and turYETH as catering to both new and existing users seeking refined solutions.
Binance zařadila perpetual futures kontrakt na CHESS a CHESS po oznámení vyskočil téměř o 41 % na 0,2193 USD. BingX zároveň spustila CHESS perpetual i standardní futures.
Tranchess (CHESS), a tokenized asset management and derivatives trading protocol, has recently secured a landmark feat. The crypto project garnered noteworthy optimism today as the world’s leading crypto exchange, Binance, announced futures listing for its native token. This announcement promptly gained traction across the broader crypto industry as CHESS price rocketed nearly 41% in tandem with the announcement.
Crypto market participants appear to be speculating over the asset’s future price trajectory.
Binance Launches USD-Margined Perpetual Contract For Tranchess (CHESS) According to an official Binance announcement dated August 29, the futures trading arm of the firm launched the CHESS/USDT perpetual contract today at 07:30 UTC. The platform’s colossal user base remains free to enjoy up to 75x leverage trading the asset.
This mover by the leading crypto exchange comes as an effort to enhance user offerings. Meanwhile, the underlying asset remains Tranchess. Further, the exchange set the capped funding rate at +2.00% / -2.00%.
However, the official announcement also revealed that the exchange may revamp the futures listing contract periodically, including changes in funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements. Nevertheless, the listing saga appears to have fueled phenomenal gains in CHESS price.
Additionally, another renowned crypto exchange, BingX, announced that CHESS perpetual and standard futures were now live on the platform. This listing adds to market optimism for the token.
Token Price Soars 41% With Futures Listings As of writing, CHESS price soared 41% to trade at $0.2193. The token’s intraday lows and highs were $0.1422 and $0.2237, respectively.
Today’s rising price action primarily aligns with the abovementioned futures listing announcements. As seen previously, even VIDT price skyrocketed nearly 59% with Binance’s futures listing approximately a week ago. At present, VIDT DAO’s weekly gains total a staggering 137%, solidifying optimism on CHESS price action ahead.
In addition, tokens POPCAT & SUN prices also rallied remarkably recently with the CEX’s futures listing. However, market stats add a tint of uncertainty on the asset’s future price movements.
Although technicals hinted at a strong buying sentiment for Tranchess, the RSI raised strong concerns. At press time, the token’s RSI hovered into an overbought territory, resting at 78. This indicates a potential price rebound may also be imminent.
Crypto market enthusiasts continue to extensively eye the crypto for future price action shifts. It’s worth noting that Coinglass data spotlighted futures open interest for the asset at $2.58 million. Moreover, the derivatives volume stood at $15.68 million after the listing announcement.
Binance announced that it has delisted the altcoins Acala Token (ACA), Tranchess (CHESS), Streamr (DATA), dForce (DF), Aavegotchi (GHST), and NKN (NKN).
02.02.2026 - 09:24
Update: 02.02.2026 - 09:24
Binance, the world’s largest cryptocurrency exchange, continues its altcoin delisting at full speed. After delisting many altcoins in January, Binance recently announced the delisting of six more altcoins.
Accordingly, Binance announced that it has delisted the altcoins Acala Token (ACA), Tranchess (CHESS), Streamr (DATA), dForce (DF), Aavegotchi (GHST), and NKN (NKN).
“At Binance, we conduct periodic reviews to ensure that every digital asset we list continues to meet high standards and industry requirements.”
….
Based on our latest assessments, we have decided to discontinue trading and delist the following token(s) in all spot trading pairs on 13.02.2026 at 03:00 (UTC):
ACA, CHESS, DATA, DF, GHST and NKN”
Following the delisting news, altcoin prices experienced significant drops.
“Spot trading pairs for these tokens will be discontinued.”
All trading orders will be automatically deleted after the transactions in the relevant trading pairs have ended.
Binance will discontinue its Trading Bot services for the aforementioned spot trading pairs on February 13, 2026 at 03:00 (UTC), where applicable.
Binance Spot Copy Trading will delist the aforementioned spot trading pairs on 06.02.2026 at 03:00 (UTC).
The value of the tokens in question will no longer be displayed in user accounts after delisting.
These tokens will not be credited to users’ accounts after 03:00 (UTC) on February 14, 2026.
Withdrawals of these tokens from Binance will no longer be supported after April 13, 2026, 03:00 (UTC). Delisted tokens can be converted to stablecoins on behalf of users after April 14, 2026, 03:00 (UTC).
*This is not investment advice.
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Fordefi rozšiřuje své řešení do Indonésie a podporuje web3 self-custodial peněženku Pintu pro 20 milionů uživatelů. Ti získají správu aktiv a přístup k DeFi aplikacím s bezpečnostními prvky včetně simulace transakcí a upozornění na rizika.
Crypto and decentralized finance wallet provider Fordefi said Wednesday it is expanding to the booming Indonesian market with powering local cryptocurrency trading platform Pintu's web3 wallet offering.
The move is part of Fordefi's plan to introduce its offering, mostly used by institutional participants such as Pantera Capital and market maker Keyrock, to exchanges, fintech platforms that serve retail investors.
Pintu's 20 million users will be able to self-custody their digital assets and access decentralized applications with Fordefi's tech in the backend, while benefiting from security features such as transaction simulation and risk alerts.
Fordefi aims to make crypto safer with its self-custodial wallet with multi-party computation (MPC) that divides a single private key among multiple parties, eliminating a single point of failure. MPC wallets are harder to hack and make interaction with DeFi apps less risky.
Read more: Crypto and DeFi Wallet Firm Fordefi Gets Cover from Insurance Giant Munich Re
The company has onboarded institutional investors such as Pantera Capital, DeFiance Capital, Keyrock and Flare Network to its wallet offering. It also raised $10 million from venture capital investors led by Electric Capital earlier this year.
"The lack of security and guardrails in place for retail investors has stifled Web3 adoption," Josh Schwartz, CEO of Fordefi, said in a statement. "With Fordefi, retailers can leverage the same security infrastructure used by the most sophisticated institutions in the market.”
Binance ukončí margin páry DGB/BTC, TLM/BTC a VOXEL/BTC; izolované páry budou 8. července zastaveny a 8. července budou uzavřeny a odstraněny otevřené pozice.
Binance, one of the world’s leading crypto exchanges, has announced its intention to delist specific margin trading pairs involving Bitcoin (BTC). This move, slated for July 8, 2024, affects both cross and isolated margin trading pairs. Other affected cryptocurrencies include DigiByte (DGB), Alien Worlds (TLM), and Voxies (VOXEL).
Details On Latest Binance Delisting Moreover, this delisting specifically affects DGB/BTC and TLM/BTC in both categories with Bitcoin as the quote currency. Meanwhile, VOXEL/BTC pair will be removed from the isolated margin category. In a notice issued to its users, Binance specified that at 06:00 a.m. UTC on Sunday, July 7, 2024, the platform will suspend isolated margin borrowing on these isolated margin pairs.
Moreover, following this, at 06:00 (UTC) on July 8, 2024, Binance Margin will automatically close users’ positions. Thereafter, it will conduct settlements and cancel all pending orders on the affected trading pairs. Once this process is completed, these pairs will be permanently removed from margin trading on the platform.
The crucial aspect of this announcement is the role of Bitcoin as the quote currency in these pairs. In the trading world, the base currency is the first currency listed in a pair, and it is the commodity being bought or sold. The quote currency, in this case, Bitcoin, is the currency in which the base currency is priced. Hence, this means that users were trading DGB, TLM, and VOXEL, with Bitcoin as the measure of value.
This delisting decision impacts traders who prefer Bitcoin as the standard measure for their trades. It represents a significant adjustment for those who use Bitcoin’s relatively stable value as a benchmark against other, more volatile cryptocurrencies. By delisting these pairs, Binance potentially reduces the flexibility for users to trade lesser-known tokens against Bitcoin.
Also Read: Binance Labs Leads Major Funding Round For Bitcoin Wallet UniSat
Exchange’s Advise To Users For Avoiding Potential Losses Moreover, Binance advised its users to take necessary actions before the delisting process begins. The platform recommended that users close their positions and transfer their assets from Margin Wallets to Spot Wallets before the cessation of margin trading at 06:00 p.m. UTC on July 8, 2024. In addition, Binance emphasized that it would not be responsible for any potential losses incurred due to these changes, urging users to act promptly.
Despite the delisting, Binance assured users that the affected assets, DGB, TLM, and VOXEL, could still be traded on other available pairs within the Binance Margin platform. This implies that while the direct trading pairs with Bitcoin are being removed, there are still alternative avenues for trading these assets.
This move is part of Binance’s ongoing efforts to optimize its trading platform, ensuring a streamlined and efficient trading experience. The exchange continually reviews its product offerings to align with market demands and regulatory requirements. Moreover, it aims to provide the best possible service to its users worldwide. Thus, it regularly announces removal of pairs that lack in liquidity, market interest, and other factors.
Also Read: Binance Announce Delisting Of Key Crypto Pairs, Brace For Market Impact
The cryptocurrency exchange Binance‘s futures arm, Binance Futures, has taken a new step to expand trading options and enhance user trading experiences. Binance Futures has included Voxies (VOXEL) in its listed futures contracts. After the announcement, the altcoin‘s price surged sharply.
VOXELUSDT Futures Start TodayIn an announcement from Binance Futures, it was stated that the VOXELUSDT Perpetual Contract will open for trading today, August 20, 2024, at 13:30 Turkish time. The new contract will offer investors the opportunity to use leverage up to 50x.
This new contract offered by Binance Futures will be a USDT-margined perpetual contract. This means that positions can remain open without a specific expiry date, and users can close their positions at any time. The contract will be an ideal option for investors applying volatility-sensitive and high-risk trading strategies.
The leverage ratio provided to investors with the VOXELUSDT contract will be 50x. This leverage ratio means that users can open large positions with a small margin. Of course, it is important to remember that high-leverage trading increases the risk of loss. Initially, the maximum funding rate for the VOXELUSDT contract will be +/- 2 percent. The funding rate will be recalculated every four hours, as with other contracts.
After Binance Futures’ announcement, VOXEL‘s price skyrocketed. Before the announcement, the altcoin was trading around $0.15, but it surged sharply to $0.243 following the announcement. This price change corresponds to an increase of over 60 percent.
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.
VOXEL během 24 hodin vyskočil o více než 200 % poté, co údajná chyba v obchodním botu Bitgetu vyhnala objem u páru VOXEL/USDT na 12,7 miliardy USD. Bitget uvedl, že případ vyšetřuje.
Today, April 20, Voxies (VOXEL), an upcoming crypto gaming token, rose by more than 200% in the last 24 hour after an alleged glitch reported in the Bitget’s trading network. The sudden breakdown caused a tremendous increase in trading activity, spiking the VOXEL/USDT contract’s trading volume to a whopping $12.7 billion. This volume substantially exceeded Bitcoin’s trading volume ($4.76 billion) on the same network.
Bitget bot glitch: users scoop free money This unusual jump captured curiosity among crypto market participants, considering that VOXEL is a relatively little-unknown crypto gaming token with a market value less than $30 million.
According to technical crypto analyst Dylan, a faulty Bitget trading bot was the cause of this problem. The bot repeatedly settled trades in a tight price level of $0.125 and $0.138, allowing shrewd investors to generate six-figure profits using as little as $100 investment.
Market analysis shows that the malfunction enabled some traders to withdraw USDT worth tens/hundreds of thousands of US dollars within few hours.
Another user who responded to this matter was Bitget’s Chinese head Xie Jiayin. Today, he posted on X that Bitget is aware of the unusual trading behavior in the VOXEL/USDT contract trading pair. He stated that the trading platform is currently conducting internal investigations and will give out more updates promptly. The exchange further mentioned that the affected wallets may be temporarily restricted, advising customers to reach out to Biget’s online customer service for further help. He finally clarified that currently all of Bitget’s functions, including withdrawals, deposits, and trading, operate normally.
— 谢家印 (@xiejiayinBitget) April 20, 2025 Liquidity issues in the crypto market Multiple crypto users expressed their dissatisfaction toward this issue, with many criticizing Bitget’s internal security and technology capability. The harsh backlash came just a week after crypto investor sentiment blew following Mantra’s OM token crash on Sunday, April 13.
Today’s Biget’s VOXEL/USDT trading slippage and Mantra’s recent token crash highlight fragmented liquidity issues within the crypto market. Without adequate solutions to such concerns, greater disastrous volatilities are set to trigger more tokens’ crashes similar to previous unexpected crises like the Terra-Luna collapse.
AUTHOR
Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.
On Friday, VIDT price skyrocketed nearly 59% as Binance, one of the world’s leading exchanges, revealed a significant update on the token. The crypto exchange officially announced that it is launching a USDT-backed perpetual contract for the mentioned DAO-based crypto, generating an optimistic torrent across the broader market.
VIDT DAO is a decentralized platform streamlining the creation of timestamps and non-fungible tokens (NFTs). It also lets users register digital assets like certificates, sensor data, and firmware.
Binance Unveils VIDT Perpetual Contract Listing Binance Futures’ official announcement on August 23 revealed that it is launching the VIDT USD-Margined perpetual contract today. This mover by the derivatives trading arm of the crypto exchange streamlines futures trading for users looking to trade VIDT on the platform.
The perpetual contract is to launch today at 09:30 UTC. Traders can enjoy up to a whopping 75x leverage trading the asset. Further, the capped funding rate set by the exchange was +2.00% / -2.00%. The official announcement also revealed that the exchange supported Multi-Assets Mode for the asset, further revolutionizing users’ trading experience.
Binance’s listing chronicles have emerged as a highly bullish event within the crypto sector. For context, popular tokens such as POPCAT and SUN prices rallied remarkably with the futures listing on the crypto exchange.
Additionally, even Banana Gun (BANANA) and Synapse (SYN) tokens witnessed a remarkable price rally with their futures listing. Meanwhile, VIDT also mirrored bullishness with the listing announcement as its price rallied nearly 59% at press time.
Token Price Rallies 59% VIDT price soared 59% in the past 24 hours to $0.03623. Its 24-hour lows and highs are $0.02251 and $0.03811, respectively. The token’s 24-hour trading volume surged 27.99% to $32.12 million today. Also, the coin’s market cap soared 52.36% to $30.01 million. This pumping movement primarily aligns with Binance’s VIDT USDT perpetual contract launch.
Meanwhile, it is also worth noting that the crypto exchange listed DOGS as the 57th launchpool project recently. With Binance continuing to tap into emerging markets, the firm cements its foothold across the global crypto sector.
Binance přidala štítek monitoringu na 11 altcoinů, včetně BAL, CTXC, CVP, CVX, DOCK, HARD, IRIS, MBL, POLS, SNT a SUN, kvůli riziku delistingu. Zároveň z tohoto seznamu odstranila MLN a ZEN.
Binance, the world’s largest crypto exchange by trading volume, has announced that 11 altcoins are facing a potential delisting.
On Monday, Binance extended its “monitoring tag” to Balancer (BAL), Cortex (CTXC), PowerPool (CVP), Convex Finance (CVX), Dock (DOCK), Kava Lend (HARD), IRISnet (IRIS), MovieBloc (MBL), Polkastarter (POLS), Status (SNT) and Sun (SUN).
[adinserter block="1"]
Binance says tokens with monitoring tags are more volatile and risky than other crypto assets. The exchange monitors and conducts “regular reviews” of tagged tokens.
Says Binance,
“Keep in mind that tokens with the Monitoring Tag are at risk of no longer meeting our listing criteria and being delisted from the platform.”
Binance users who want to trade tokens with monitoring tags have to pass quizzes every 90 days, designed to make users aware of the risks associated with the digital assets.
The exchange also removed two assets from its monitoring tag list: Enzyme (MLN) and Horizen (ZEN).
Enzyme is an on-chain asset management system that aims to enable access to digital assets and decentralized finance (DeFi) from one unified app. The project’s native token, MLN, is trading at $22.21 at time of writing and is up nearly 30% in the past 24 hours.
Horizen bills itself as a privacy-focused network of blockchains. The project’s native token, ZEN, is trading at $7.13 at time of writing. The 393rd-ranked crypto asset by market cap is up over 5% in the past 24 hours.
Binance, a leading cryptocurrency exchange has announced plans to remove Gifto (GFT), IRISnet (IRIS), SelfKey (KEY), OAX (OAX), and Ren (REN) from all trading pairs. The decision follows a routine review to ensure listed assets maintain high standards and meet evolving industry requirements.
The announcement has triggered 25 to 40% price drops for the affected tokens. The exchange remains committed to fostering a secure and transparent trading environment, adapting to dynamic market and regulatory conditions.
Binance to Remove GFT, IRIS, KEY, OAX, and REN Binance announced on November 26 that it would delist multiple tokens, including Gifto (GFT), IRISnet (IRIS), SelfKey (KEY), OAX (OAX), and Ren (REN). This announcement triggered a 25 to 40% decline in the prices of these coins as traders rushed to liquidate their positions, fearing further losses.
The impacted pairs, such as GFT/USDT, IRIS/USDT, KEY/USDT, OAX/BTC, OAX/USDT, REN/BTC, and REN/USDT, will cease trading as of the scheduled cutoff. One of the top crypto exchanges has warned users that pending orders will be automatically canceled once trading ends. Furthermore, deposits for these tokens will not be credited to accounts after the delisting date, while withdrawals will cease after February 2025.
This decision follows Binance’s routine asset review process, which evaluates factors like trading volume, project development, and network stability. The move reflects its commitment to maintaining high listing standards while adapting to shifting market conditions. Traders holding these tokens are encouraged to act before the delisting deadline to avoid potential disruptions in their portfolios.
Price Movements and Volume Trends Amid Delisting Following the Binance delisting announcement, prices of affected cryptocurrencies have seen significant drops. Gifto (GFT) is currently trading at $0.01212, down 32% in the past 24 hours. Its 24-hour low and high range from $0.01176 to $0.01814. IRISnet (IRIS) dropped to $0.01058, crashing 36% since the announcement. Its 24-hour low reached $0.009892, and the high hit $0.01735.
SelfKey (KEY) has dropped 30% in 24 hours, trading at $0.002651, with a range of $0.002565 to $0.004157. OAX has also suffered a 31% drop, now at $0.114, with its low at $0.1096 and high at $0.1692. Ren (REN) is priced at $0.03942, down 32%. Its 24-hour range is $0.0352 to $0.05911. Despite this drop, Ren has gained 15% over the past month.
Binance’s delisting decision triggered a broader market sell-off. Investors reacted quickly, causing significant price drops across multiple tokens.
Gifto (GFT) spadl o 35 % ve čtvrtek 28. listopadu poté, co se objevila obvinění, že tým tajně vytěžil 1,2 miliardy nových tokenů a více než zdvojnásobil nabídku. Nové GFT pak poslal na několik burz po oznámení delistingu Binance 26. listopadu 2024.
Allegations surfaced against Gifto’s team for secretly minting 1.2 billion tokens, doubling the supply a day after Binance announced GFT’s delisting.
Concerns over Gifto’s transparency intensified this week as market dynamics shifted abruptly following a controversial move by the project’s team. The price of Gifto (GFT) plunged 35% on Thursday, Nov. 28, following allegations that the token’s supply was abruptly doubled, just a day after Binance announced plans to delist the asset.
It was announced that Binance would delist GFT on Nov 26, 2024.
A few hours ago the Gifto team minted another 1.2B GFT on BSC which more than doubled the total supply.
GFT was then deposited to Kucoin, MEXC HTX, Bitget, Binance, OKX, & Gate.
Binance… pic.twitter.com/buvG9l88Yc
— ZachXBT (@zachxbt) November 28, 2024 In an X post, blockchain sleuth ZachXBT revealed that the Gifto team quietly minted 1.2 billion in new GFT tokens on BNB Chain (formerly Binance Smart Chain), increasing the total supply to over 2.2 billion. The newly minted tokens were subsequently deposited on multiple exchanges, including KuCoin, OKX, Gate.io, and Binance itself, as well as MEXC, HTX, and Bitget.
As of press time, Gifto had not issued a public statement, with its most recent X post dated Nov. 24, two days before Binance announced GFT’s delisting. In a press release, Binance said that GFT and four other tokens would be delisted by Dec. 10 due to concerns over development activity, liquidity, and project commitment.
Founded in 2017 by Andy Tian, Gifto is a blockchain protocol focused on digital gifting and content monetization. In January 2023, the decentralized cross-chain IDO platform Poolz invested $2.5 million in Gifto tokens to back its updated roadmap. A month later, reports emerged that Tian had passed away suddenly at the age of 47. The project’s official X account remained silent on the matter, leaving questions about leadership and the project’s future unresolved.
Chytrý kontrakt FairWin na síti Ethereum přišel o téměř 50 000 ETH. Výzkumníci varují před kritickými zranitelnostmi, které mohly umožnit vybrat všechny prostředky.
Dubbed by many the fastest growing Ponzi scheme on Ethereum, the smart contract FairWin has emptied its account, according to data from Etherscan. Just a few days ago, the account possessed almost 50,000 ETH (~$9 million).
While the nature of the withdrawal has not been confirmed, the total volume of withdrawing addresses suggests that concerned users had taken their funds out after multiple crypto-users on social media speculated that the smart contract was actually a Ponzi scheme.
It is unclear whether the contract was drained by its owner, some malicious actors or concerned users, but the multitude of withdrawing addresses suggests the latter.
According to Horizon Games’ Blockchain Researcher & Developer Philippe Castonguay, the “scheme” contains critical vulnerabilities which put the funds at risk.
The https://t.co/1HHnXNCWsL Ponzi Scheme contains critical vulnerabilities that put all funds at risk.
Spread knowledge (especially in Asia) ? Users need to withdraw their funds and stop interacting with the contract ASAP.
Details on the exploits will be published soon.
— Philippe Castonguay (@PhABCD) September 27, 2019
Later, Castonguay expanded on the details of the three main vulnerabilities he’d discovered on the Ethereum smart contract. One allowed the owner or administrator to drain the account and another allowed the admin to lock withdrawals. The third vulnerability allowed anyone to steal the deposits.
CTO of Kleros, Clement Lesaege, also posted a detailed explanation concerning the vulnerabilities on Reddit.
After the vulnerabilities were publicly announced, FairWin’s team responded to Lesaege by stating,
“Thank you for your suggestion. We have already found the vulnerability, but we don’t think it is a vulnerability. The contract is judged and the invitation code generated by the user for the first time will be used as the final invitation code. So the loophole is invalid.
In addition, we have real-time monitoring on our side. Once it is entered, it will be invalid. The intruder, we will alert at the first time, and then exclude the intruder.”
According to Castonguay’s more detailed blog post on the matter, there is no evidence to say that the funds were withdrawn by malicious attackers. The last successful withdrawal took place yesterday at around 9.21pm +UTC.
Fairwin na síti Ethereum podle analýzy přijal 687 598 ETH, zhruba 125 milionů dolarů, ale všechny prostředky z kontraktu už byly vyčerpány. Bezpečnostní experti varují, že prostředky uživatelů byly v ohrožení.
Fairwin, a gambling platform, has been running one of the biggest contracts on the entire Ethereum network. In the last 30 days, the platform has spent more than 51 percent of all gas, the fuel that powers Ethereum, according to ETH Gas Station. That’s almost double the funds spent by the stablecoin network Tether, which has used 28 percent of gas supplies.
Fairwin claims it’s a provably-fair gambling platform. Users bet on rudimentary games of chance, like coin flips and dice rolling. When you gamble, four percent of your funds go towards “ecological construction,” which Fairwin says will be returned to the investors. But many security researchers think the whole thing is a scam. Over the past few weeks, white hat hackers have revealed vulnerabilities in the Fairwin contract on Ethereum that put millions of dollars of customer funds at risk. According to analysis by Ethereum developer Philippe Castonguay, Fairwin received a total of 687,598 ETH, or around $125,000,000. But as of Monday this week, all the funds have been drained from the contract.
It’s unclear whether this is a massive exit scam, or if the white hatters were successful in raising awareness about the scam and spooked investors have pulled all their cash out. A message on Fairwin’s website said it “expressed strong condemnation” for “false news reports,” and that it’s restarting the game within the next three days. Daniel Luca, a security auditor who helped discover the vulnerabilities, said the owner managed to remove most of the funds before investors could withdraw. But it was “impossible for everyone to withdraw their funds. Some people got burned,” he told Decrypt.
White hat hackers caught wind of the project earlier this month and have been working on it since. A vulnerability disclosure by Clément Lesaege, a CTO at blockchain start-up Kleros who got wise to the project through an Ethereum security Telegram chat, showed that the contract is unsustainable; the more money that people keep adding to it, the higher the dividends to be paid out. But here’s the problem: Once new people stop putting money in it, the contract won’t be able to pay participants, and everyone will eventually lose everything. That’s right; September’s hottest app on the Ethereum blockchain, according to many, looks and smells like a Ponzi scheme. Here’s how it works.
A few days ago, white hat hackers found a vulnerability that allows the contract operators to drain users’ wallets of funds. As Lesaege wrote: “The execution of the reward, dividends, and sending of awards can only be done by the operator. The operator can choose which users get rewarded. The operator can steal the funds from the contract by not executing the rewards of other users but executing the rewards of accounts they control.”
Lesaege said the contract also runs something called a “frontrunner” attack. Under Fairwin’s dodgy contract, investing in the scheme generates a code as part of a referral program. But Fairwin’s payouts always go to the first person who redeems the code. An attacker, having conned a victim into joining, can according to Lesaege, easily work out their invite code: “An attacker can see your "invite code" when your transaction is in the mempool before it gets executed and "invest" in the scheme with the same "invite code" as you,” wrote Lesaege, netting any rewards from their victims’ investments.
That means that all the funds in the contract were at risk. White hatters spent the last few days trying to spread the word about Fairwin to its customers, many of whom they believe live in Asia. But, for better or worse, the swamp has been drained: ten days ago, the contract held $10 million at once. Now, zilch.
How Fairwin is Unfair
Fairwin first started work on a gambling platform back in January 2018. But in December, the team tweeted—in perfect English—that they didn’t raise enough money for the ICO, and had since abandoned the project. But in July 2019, despite no announcement on any of Fairwin’s social media channels, a Fairwin clone launched a new contract to haunt the Ethereum network. Since then, the contract has grown to peaks of $10.5 million.
It’s nigh impossible to work out who runs it. Emails from Decrypt bounced back, Fairwin’s Twitter shut down a year ago, its London office is now a coffee shop, and a couple of days ago, Fairwin’s team members were compressed stock images of businessmen. Now...cartoon puppets.
There’s reason to believe it isn’t the original Fairwin team. For starters, Fairwin’s whitepaper is a Google-translated mess. “Chain of the underlying technology of FW based on Ethernet fang,” reads one section. “Based on the block chain technology, FW will achieve the global gambling industry circulation, break the data island, and digitalize the global asset circulation,” reads a section titled “Ecology Construction.”
Fairwin’s promotional videos are narrated by computer-generated voices. But no human voice, computationally generated or no, can make sentences like “The platform again realized excess accumulation” sound natural. (The videos, though, are amazing: seriously, watch them).
The code, too, is similarly incomprehensible. According to experts, it’s full of useless rubbish, and much of it doesn’t even work. “This contract is the contract with the lowest code quality I've ever seen (and I've seen really bad contracts),” said Lesaege. He said there were no comments on the code–a feature common in codebases–the names are full of typos, entire portions are of the code aren’t accessible, and a lot of it simply doesn’t work.
Harry Denley, a security researcher who created a dashboard that queries Fairwin data, told Decrypt he discovered that the six admin addresses needed huge amounts of capital to keep calling contract methods. The reason? Because the contract is “poorly written,” these method calls can cost upwards of $30. “And these calls are being done multiple times a day,” he said.
So the question remains unanswered: Was Fairwin created by evil geniuses, who’ve corrupted and robbed from over half of the Ethereum blockchain. Or is Fairwin the result of a Ponzi scheme, poorly coded, and fronted by cut-price actors in blockchain’s latest get-rich-quick scheme?
“The simplest and most likely explanation is that it was just badly coded,” wrote Lesaege. Lesaege said he first disclosed the vulnerability to the Fairwin team on Saturday. “Since FairWin had had some vulnerability in the past but fixed it, I thought that they would not try to hack their own contract,” he told Decrypt. But Fairwin denied the vulnerability, and money kept flowing into the contract. Lesaege said he received the following message from Fairwin: “We have already found the vulnerability, but we don't think it is a vulnerability. The contract is judged and the invitation code generated by the user for the first time will be used as the final invitation code. So the loophole is invalid.” A message on their site today said that the game will be restarted, and vehemently denies allegations of scams. “They might not be intentional, but they can still drain the contract at any time,” said Daniel Luca, a security auditor who helped discover the vulnerabilities.
Over the past week, top security experts have been raising awareness to get FairWin shut down, or at least to help users take control of their funds. “Avoid interacting with this contract and withdraw funds in it, if any,” advised Philippe Castonguay, who also took part in the discovery. “All users funds are at risk, especially newly deposited funds,” he told Decrypt. The awareness campaign is working; in the last 24 hours, FairWin has lost all of its volume, major blockchain explorers like Etherscan have flagged it as vulnerable, and no funds remain in its wallet. Is it a White Hatter Victory, or Ethereum’s latest exit scam?
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Kleros podepsal rámcovou dohodu s Nejvyšším soudem Mendozy o testování decentralizovaného řešení sporů v argentinské justici. Pilot na případech z Mírového a přestupkového soudu v Lavalle už ukázal shodu s tradičním soudem u prvního případu, který se týkal složité dopravní nehody.
The agreement marks a groundbreaking progression in the modernization of the judicial process in Argentina.
Kleros, the decentralized arbitration protocol, has officially signed a framework agreement to collaborate with the Supreme Court of Mendoza, one of Argentina’s largest provinces.
The partnership aims to leverage Kleros’ decentralized dispute resolution system to expedite conflict resolution and ratify citizen engagement in the judicial process. Through Kleros, the Supreme Court of Mendoza hopes to provide a fairer approach to conflict resolution while allowing citizens of Mendoza to participate as jurors.
Select cases from the Peace and Contraventional Court of Lavalle were used to test Kleros’ platform, with the first case involving a complex traffic incident. After this testing phase, it was found that Klero’s decentralized jury system’s decision aligned closely with the findings of the traditional court, lending weight to Klero’s potential as a viable jury.
This decentralized jury mechanism allows jurors to remain anonymous and confidential while still participating in their civic duty. Further pilot testing is set to take place. If fully implemented, the Supreme Court of Mendoza will be able to create a network of Mendoza residents to participate in the decentralized judicial system.
The integration of the decentralized juror system aims to not only provide a fairer juror juror base, but can also prove to be a more cost-effective judicial management system for governments, streamline dispute processes to resolve complex cases quickly, and take an innovative approach to the age-old court process.
Kleros was founded in 2017 by Federico Ast and Clément Lesaege to focus on financial decisions, particularly related to cryptocurrency. After discovering a potential product market fit, the protocol began work towards providing an efficient and decentralized alternative to the modern judicial system. It raised $4 million in 2021, led by Snapshot Labs, to further its development.
In an interview with Criptotendencias, co-founder Federico Ast said, “The tool is designed to solve cases that usually do not find a solution in traditional justice or that require very long waiting times. Kleros offers an affordable and accessible model that allows citizens to be involved in the resolution of their own conflicts.”
Návrh Ethereum Research by mohl nechat validátory hlasovat o přesměrování až 10 % stakingových odměn na veřejné statky. Pro Bitmine by to znamenalo ztrátu 50–100 milionů USD ročně z jeho 4,72 milionu stakovaných ETH.
Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.
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June 22, 2026
A tax proposal posted to the Ethereum Research forum by Kleros founder Clément Lesaege would let ETH validators vote to redirect up to 10% of staking rewards to public goods funding. If a majority of validators signal above zero, that rate becomes mandatory for every validator on the network, including those who voted for none.
For Bitmine (BMNR), which has staked 4.72 million ETH through its MAVAN platform and projects $258 million in annual net staking revenue, the exposure range is $50–100 million in lost income per year.
Ethereum Validators Face 10% Staking Reward Redirect Plan for Ecosystem Funding
A new proposal on Ethereum's $ETH research forum wants validators to redirect up to 10% of their staking rewards toward ecosystem funding. If a majority signals support, the contribution becomes… pic.twitter.com/16PgRfEBd5
— BSCN (@BSCNews) June 22, 2026 That figure is not speculative padding. It represents the direct arithmetic of applying a forced yield reduction to the single largest ETH staking position held by any public company. The proposal is still a forum post, not an EIP. That distinction matters – but so does the direction of travel.
Discover: The Best Token Presales
The ETH Validator Redirected Revenue Tax ProposalLesaege’s post, titled “Validator Redirected Revenue,” frames the mechanism as a solution to a coordination failure. According to his ETH tax proposal, Ethereum’s shared infrastructure generates value for everyone but is funded by no one in a structured, protocol-level way.
His proposed fix is a signaling system embedded in the consensus layer. Each validator declares a preferred redirect rate between 0% and 10% of their staking rewards. If more than 50% of total staked ETH signals are above zero, a single rate is selected and applied universally.
Ethereum ResearchNow, a validator that voted for 0% redirection does not retain its full yield if the majority crosses the threshold, as it gets swept into the mandatory rate alongside everyone else. Funds flow automatically to an allocation smart contract, with a splitter routing capital to designated recipients such as Gitcoin, Octant, and audit organizations.
Lesaege explicitly described the post as a conversation-starter: “We seek further feedback before working on a technical implementation to put forth as an Ethereum Improvement Proposal.” As of now, no EIP number has been assigned.
A parallel mechanism called Validator Revenue Redistribution (VRR), presented by Ethereum Foundation researcher Devansh Mehta at EthCC, provides the technical plumbing layer. Mehta described the threshold dynamically, “If 51% put their flag up, all 100% of stakers have to part with a portion of their rewards.”
Photo by Morthy Jameson on PexelsDiscover: The Best Crypto to Diversify Your Portfolio
Bitmine’s MAVAN Platform: The $258M Revenue Thesis Exposed to Protocol GovernanceBitmine’s May 8-K reported 4,718,677 ETH staked via MAVAN, or 87% of its 5.42 million ETH total holdings and 4.49% of total ETH supply. The 7-day annualized yield at that date was 2.73%, against a CESR benchmark of 2.81–2.84%. At full deployment, Bitmine projects $296 million in gross staking rewards and $258 million in net staking revenues annually.
Photo by Brett Sayles on PexelsThe math for a protocol-level redirect is straightforward. Each 1 percentage point reduction in effective annual yield on 4.72 million ETH costs approximately $94 million per year in gross rewards at an ETH price around $2,000.
However, a 10% redirect of the current 2.73% yield diverts 0.27 percentage points, translating to $25 million per year flowing away from BMNR’s validators. At this rate alone, the direct hit is meaningful but not existential.
The $50–100 million exposure range reflects a wider scenario set. If the mandatory redirect rate compounds with any secondary compression in overall validator economics like reduced participation incentives, institutional validators exiting to restaking or L2 yield strategies, or ETH price movement, the effective yield impact on 4.72 million ETH staked.
Staking revenue is not a secondary income line for Bitmine. It constituted more than 93% of quarterly revenue in Q2 FY2026, and the company declared a $0.01 annual dividend in January 2026. Bitmine is the first large-cap crypto company to do so, funded directly by staking income.
A material yield cut would pressure that commitment in a way that no operational decision by management can offset. The ETH validator tax is not a cost Bitmine can engineer around; it is a protocol-level deduction from the asset class itself.
MetaMask nyní podporuje FIO Handle Resolution, takže uživatelé mohou posílat a přijímat kryptoměny prostřednictvím snadno čitelných FIO Handles místo dlouhých adres. Integrace má zjednodušit a zpřesnit transakce napříč blockchainy.
[PRESS RELEASE – Houma, LA, US, November 27th, 2024]
FIO Protocol, the blockchain usability layer, has teamed up with MetaMask, the self-custodial digital wallet and Web3 gateway developed by Consensys, by integrating FIO Handle Resolution. This powerful new functionality makes sending and receiving crypto simpler and more secure by replacing complex public addresses with easy-to-remember human-readable FIO Handles.
MetaMask users can now send any digital asset from their MetaMask wallet by simply typing a FIO Handle, rather than having to copy and paste long, complex public wallet address, FIO Handles replace cumbersome wallet addresses with recognizable names like “bob@wallet”, providing a much simpler and secure method to interact across any and all blockchain networks. To use this feature, MetaMask users must install the latest version of the FIO Wallet Snap within MetaMask. Once installed, the Snap allows MetaMask users to claim their Web3 names, link all of their wallet addresses to their own personalized Handle.
Integration Features:
Ability to register FIO Handles for Metamask users Users can send and receive all types of wallet supported crypto and FIO Handles Crypto transactions on Metamask are now as simple as sending an email Wayne Marcel, Head of Growth, FIO: “This integration marks a major milestone in our mission to make crypto easier for everyone. FIO Handle resolution simplifies the user experience making sending any digital asset from Metamask simple, secure, and stress-free. Focusing on the user experience is a major key to mass user adoption.”
Christian Montoya, Snaps Product Lead, MetaMask: “Enabling MetaMask users to use FIO handles to simplify blockchain transactions is aligned with our vision to make the blockchain easier to understand and access for all. We are excited to see our users benefit from this improvement which has been made possible through the Snap platform. “
The MetaMask digital wallet supports a number of leading blockchains and is viewed as being the main gateway for the broader public to engage with it. The wallet provides its users with a key vault, login, and token wallet for managing assets for the decentralized web. The integration of the FIO protocol will transform the current user experience and ensure more people can have as easy an experience as they would with the Web2 online service providers. The partnership with FIO forms part of its commitment to bringing easier, more secure cryptocurrency transactions for MetaMask users looking to navigate the Web3 economy.
About FIO
FIO, the Foundation for Interwallet Operability, is a decentralized consortium that supports the ongoing development, integration, and promotion of the FIO Protocol. The protocol, built on the FIO Chain, a dPoS blockchain, serves as an open-source, decentralized usability layer solution that works across all blockchains. FIO Protocol uses human-readable Handles to replace the complexity, risk, and inconvenience associated with blockchain-based transactions. Fueling the ecosystem utilization is the FIO Token ($FIO), which powers transactions and incentivizes network participants.
Demo Video: FIO Handle Resolution on Metamask
About Consensys
Consensys is the leading blockchain and web3 software company. Since 2014, Consensys has been at the forefront of innovation, pioneering technological developments within the web3 ecosystem. Through our product suite, including the MetaMask platform, Infura, Linea, Diligence, and NFT toolkit Phosphor, we have become the trusted collaborator for users, creators, and developers on their path to build and belong in the world they want to see. Whether building a dapp, an NFT collection, a portfolio, or a better future, the instinct to build is universal. Consensys inspires and champions the builder instinct in everyone by making web3 universally easy to use and develop on. To explore our products and solutions, users can visit https://consensys.io/.
Itaú Unibanco zpřístupnila svým více než 60 milionům klientů obchodování s BTC a ETH přes aplikaci Ion. Největší banka v Brazílii tak rozšiřuje nabídku kryptoměn po dřívějším spuštění pro vybrané klienty.
The bank’s 60 million customers can now buy BTC and ETH through the firm’s Ion app.
The largest banking institution in Latin America has opened the doors for all of its clients to get exposure to Bitcoin and Ethereum.
Itaú Unibanco, Brazil’s largest bank by assets under management, is now offering BTC and ETH trading to its more than 60 million clients. Users can access both tokens through the company’s Ion app.
In December 2023, Itaú launched the cryptocurrency trading platform for select clients. According to the firm’s Head of Digital Assets, Guto Antunes, the bank decided to expand its operations due to weekly surveys showing high demand for crypto services.
Although the company is only offering the two largest assets by market capitalization, the idea is to add support for other tokens in the future. "It starts with bitcoin, but our overarching strategic plan is to expand to other crypto assets in the future," Antunes said last year.
Institutions in Brazil have been relentlessly pushing the envelope when it comes to crypto services in the country. Alongside Itaú’s crypto trading platform unveiled last year, Brazilian neobank Nubank partnered with Circle to offer USDC access to the company’s 80 million customers.
Latin America is quietly becoming a regional powerhouse in terms of crypto adoption. Recently, a grassroots Argentinean organization called Crecimiento revealed plans to create a Crypto Silicon Valley in Buenos Aires. Across the Andes, Chile has been paving the way for friendlier regulation in terms of fintech companies, with the country approving a new financial technologies law in 2023.
And the region is one that desperately needs more financial inclusion. It is home to more than 650 million people, of which 122 million are unbanked, while citizens of several nations grapple with double and triple-digit inflation.
Ion Protocol získal v rámci financování 4,8 milionu USD na vývoj svého nativního yield protokolu Nucleus. Ten má rollupům a appchainům přinášet nativní výnos pro ETH, BTC i aktiva krytá USD.
Ion Protocol plans to use the fresh capital to build its native yield protocol called Nucleus. Nucleus is designed to address rollups and appchain issues related to monetisation. The platform gets its yield by securing other platforms like Oracle networks and bridges. Ion Protocol has secured $4.8 million in a funding round backed by Gumi Capital Cryptos, Robot Ventures, BanklessVC, NGC Ventures, Finality Capital and SevenX Ventures.
Ion Protocol is building a rollups and appchains layer that allows decentralised apps, networks and users to earn yield by depositing any staked or restaked asset.
According to the announcement, Ion gets its yield by securing other platforms like Oracle networks and bridges, which are then passed on to depositors.
The company plans to use the fresh capital to accelerate the development of its native yield platform dubbed Nucleus.
Explaining how Nucleus works, the team told The Block that any network can use the platform to provide its users with native yield for ETH, BTC and USD-backed assets, providing a financial incentive for users to make deposits on the networks.
Commenting on the fundraising Nucleus co-founder Chunda McCain said in a statement: “Participating in the staking and restaking ecosystem to generate yield has become and will only become a more powerful economic incentive for every stakeholder in crypto.”
“Any network unable to provide their users with the option to maximise the value of their bridged assets and bring new sources of revenue to their ecosystem is leaving money on the table. Our plug-and-play platform allows rollups to innovate on their pre-existing business models and ecosystem design while making depositing truly compelling for users.”
Ion Protocol also claims its platform can be used to lend or borrow against any staked or restaked asset with no exposure to price-based liquidation risk. It has built a zero-knowledge machine learning framework, which underwrites the credit risk thus enabling “hyper-efficient loans” with minimal liquidation risk.
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MMF potvrdil, že Salvador plní závazek nenakupovat Bitcoin v rámci fiskálního sektoru, i když podle Arkham dál nakupuje BTC. Program MMF je podle něj hlavně o širších strukturálních reformách.
An official from the International Monetary Fund (IMF) has confirmed that El Salvador is complying with an agreement to back away from using Bitcoin (BTC) as a reserve asset.
In a new press briefing, the IMF addresses a question from financial software company Ion Group asking how El Salvador is still accumulating BTC despite agreeing to stop making any more purchases as part of a loan agreement.
[adinserter block="1"]
El Salvador President Nayib Bukele pushed back against those conditions earlier this year, saying,
“’This all stops in April.’ ‘This all stops in June.’ ‘This all stops in December.’
No, it’s not stopping.
If it didn’t stop when the world ostracized us and most ‘Bitcoiners’ abandoned us, it won’t stop now, and it won’t stop in the future.
Proof of work > proof of whining.”
Data from the blockchain “de-anonymizer” Arkham shows that the El Salvador government has been acquiring one BTC every single day for some time.
But Rodrigo Valdes, the director of the IMF’s Western Hemisphere Department, says that despite these purchases, the country is still working within its “performance criteria” set forth by the IMF.
“In terms of El Salvador, let me say that I can confirm that they continue to comply with their commitment of non-accumulation of bitcoin by the overall fiscal sector, which is the performance criteria that we have. But on top of that, I think this is very important for the discussion in El Salvador.
The program of El Salvador is not about bitcoin. It’s much more, much deeper in structural reforms, in terms of governance, in terms of transparency. There is a lot of progress there. And also, on fiscal. And authorities have been making a lot of progress implementing the reform.”
Circuits of Value (COVAL) has witnessed a deep dive in its value as the Coinbase crypto exchange decided to suspend trading for the asset.
COVAL plunged by 41% in the past 24 hours and is trading at $0.01 at the time of writing. The asset’s market cap is sitting at $18.4 million, making it the 892nd-largest crypto. COVAL’s daily trading volume increased by 2,760%, reaching $6.75 million.
COVAL price and exchange activity – June 19 | Source: Santiment Following the price fall, COVAL is down by 99.99% from its all-time high of $133.01 in January 2022.
COVAL is the native token of the Circuits of Value ecosystem which offers an asset management platform and an exchange. The token was launched on the Ethereum blockchain in early 2015.
The COVAL price plunge comes as some users claim that Coinbase has decided to stop supporting the asset with a notification earlier today. This made many users complain about the exchange’s approach in delisting COVAL with a very short time window.
Coibase did not respond to crypto.news’ immediate request for comment on the matter.
One X user, called Satoshi kakaroto, claims that the team behind COVAL has been involved in the token’s price manipulation.
On March 3, claimed that three Circuits of Value developers drained a huge amount of the token’s supply, calling it a “Pump & Dump” project.
According to data provided by Santiment, the number of COVAL active exchange deposits surged from zero to 29 over the past 24 hours.
Moreover, the number of COVAL active exchange withdrawals increased from seven to 59 over the past day. This shows that investors have been trying to swap or withdraw their COVAL holdings due to the Coinbase delisting.
Oraichain spustila beta verzi OraiBTC Subnet 19. března 2024, která poprvé přináší Bitcoin (BTC) do jejího ekosystému. Umožní vklady, výběry i swap BTC za ORAI.
Oraichain, an innovator in the integration of artificial intelligence with blockchain technology, has announced the highly anticipated Beta launch of its OraiBTC Subnet on March 19.
The development marks the first time Bitcoin (BTC) will be integrated into the Oraichain ecosystem, offering a decentralized bridge for seamless BTC deposits and withdrawals.
The Subnet is designed to facilitate the easy transfer of Bitcoin into and out of the Oraichain network, with users able to directly swap the asset for ORAI tokens and bridge BTC between the Oraichain and Bitcoin networks in both directions. In the future, it will also enable the transfer of BTC via IBC to many protocols throughout the Cosmos Ecosystem.
An emphasis has been placed on ease of use, with the aforementioned functionalities made accessible via the OraiDEX website and OWallet browser. The integration will empower developers to build faster and more powerful dApp experiences, particularly for holders of the world’s best-known and most valuable cryptocurrency.
The OraiBTC Subnet Beta launch provides an opportunity for users to actively participate in refining the platform’s features ahead of its full public release. In appreciation of their involvement, participants may also receive a special surprise, adding an extra element of excitement to the launch.
Built on the robust foundation of Nomic’s design, OraiBTC leverages advanced Bitcoin features such as Taproot and Schnorr signatures, as well as a dedicated validator set, all of which ensures the utmost safety and integrity of bridged assets.
The launch is a major step in Oraichain’s mission to become the go-to Layer-1 platform for AI-powered decentralized applications (dApps). By bringing Bitcoin into the Oraichain toolkit, the platform significantly expands the addressable market for AI dApp builders and offers greater versatility and potential for innovation.
The introduction of OraiBTC is a key component of Oraichain’s Mainnet 3.0 upgrade, which has implemented major changes to enhance speed and interoperability. Oraichain has recently reduced its block time to approximately 1 second, positioning it as one of the fastest networks in the Cosmos ecosystem and beyond.
The Oraichain team is currently focused on expanding its ecosystem, including through the development of GPU Staking. In addition to making significant investments in GPUs to support the AI applications running on the Oraichain mainnet, the Oraichain Foundation envisions GPU Staking as a novel approach to ensure that the value generated from increasing AI service demands directly benefits holders of ORAI tokens.
About Oraichain Oraichain is a permissionless Layer 1 for AI-powered dApps, developed to provide multidimensional Trustworthy Proofs of AI and data reliability. With its AI Oracle at the core, Oraichain is designed to provide a decentralized system for the delivery of AI-generated data to smart contracts, maximizing transparency for developers and consumers.
Website | X | Telegram | Discord | GitHub | Blog | Coinmarketcap | Coingecko
Sky, vlastněná společností Comcast, se dohodla na koupi vysílací a streamovací divize ITV za 1,6 miliardy liber. Součástí transakce má být i převzetí Love Productions společností ITV Studios.
Item 1 of 2 The Sky logo is seen illuminated on the outside of a building at the company's headquarters in West London, Britain, January 25, 2017. Photograph taken January 25, 2017. REUTERS/Toby Melville/File Photo
[1/2]The Sky logo is seen illuminated on the outside of a building at the company's headquarters in West London, Britain, January 25, 2017. Photograph taken January 25, 2017. REUTERS/Toby Melville/File... Purchase Licensing Rights, opens new tab Read more
CompaniesLONDON, June 24 (Reuters) - Sky, the Comcast (CMCSA.O), opens new tab-owned British pay TV group, has agreed on terms to buy ITV's (ITV.L), opens new tab broadcast and streaming unit, two people familiar with the matter said, with ITV acquiring "The Great British Bake Off" producer Love Productions as part of the deal.
The £1.6 billion deal had moved in a positive direction in the last week and was now being finalised by lawyers, the people said on Wednesday, speaking on condition of anonymity.
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The total transaction value will include ITV Studios acquiring Sky's Love Productions, which also makes "The Piano" and could be valued between £80 million and £120 million based on comparable deals, and an earn-out, the people said.
Reuters reported last month that the transaction would include a payout dependent on the ITV unit's performance of about £200 million.
A deal could be announced in the next two weeks, the people said, with one source cautioning that the timing could still slip due to final legal complications.
Spokespeople for ITV and Sky declined to comment. Comcast did not immediately respond to a request for comment.
Concluding the deal would end a saga that began last year, and became public in November when ITV said it was in talks to sell the unit, called Media & Entertainment, to Sky.
It has involved the complex task of separating ITV's channels and streaming platform ITVX, which comprise the unit, from its production business ITV Studios, which will be a standalone company following completion.
Reporting by Paul Sandle and Amy-Jo Crowley in London; Editing by Matthew Lewis
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Spoluzakladatel Cere Network Fred Jin a vedení čelí žalobě na 100 milionů USD kvůli údajnému pump-and-dump schématu při spuštění tokenu v roce 2021. Žaloba tvrdí, že bylo prodáno přes 41 milionů USD v Cere tokenech.
Update (Jan 29, 10:30 a.m. UTC): This article has been updated to correct the name of the plaintiff.
The co-founder and board of crypto infrastructure platform Cere Network are facing a $100 million lawsuit that alleges a pump-and-dump scheme tied to the project’s 2021 token launch.
In a lawsuit filed in a San Francisco federal court on Tuesday, Vivian Liu, who said she worked for and invested in the company, claimed Cere co-founder Fred Jin, his brother, his wife, and the company’s board stole $41 million from investors.
According to the lawsuit, Jin promised ahead of a public token launch for the platform in November 2021 that he and early Cere investors could not sell their tokens and that they would be unlocked months later.
“While certain employees and investors had their Cere Tokens ‘locked’ under the vesting schedule, Jin and his accomplices secretly sold over $41 million in Cere Tokens on various crypto exchanges and transferred these funds into their personal wallets immediately after the tokens went ‘live,’” the complaint alleged.
A highlighted excerpt of Vivian Liu’s complaint accusing Cere co-founder Fred Jin of fraud. Source: PACER
The complaint is the second lawsuit against Cere Network this month, after Cere co-founder Ken Wang sued Jin and the board on behalf of the company in Delaware on Jan. 13, similarly alleging fraud.
Cointelegraph contacted Cere Network and Jin for comment.
Latest complaint seeks $100 million in damagesLiu’s lawsuit accused Jin of stealing investor funds “originally slated for Cere Network’s operations” and moving the money into shell companies and accounts he and his alleged accomplices controlled while gambling millions of dollars in “risky crypto trades.”
She also claimed that Jin worked with Gotbit, a market maker convicted of fraud and market manipulation in June, to use “sophisticated internet ‘bots’” that boosted the token’s trading volumes “to conceal the fraud.”
Liu argued to the court that she was entitled to $100 million in damages, “commensurate with the sheer scale and size of the fraud.”
Cere co-founder Ken Wang claims $58 million misappropriatedEarlier in January, Cere co-founder Wang accused Jin in Delaware's Court of Chancery of a scheme to “systematically misappropriate over $58 million” of the company’s corporate assets.
Wang claimed Jin concealed the scheme “through fraudulent accounting, sham entities, and cryptocurrency ‘wash trading’” and accused Jin of causing “approximately $41.78 million worth of Cere Tokens” to be transferred from the company’s treasury to personal accounts on crypto exchanges HTX and KuCoin.
He also accused Jin of giving “grossly falsified financial statements to shareholders and advisors” and understating fundraising amounts by over $21 million.
The Cere Network (CERE) token is currently trading for a fraction of a cent, down 99.9% from its peak of 47 cents in November 2021, according to CoinGecko.
Magazine: Getting scammed for 100 Bitcoin led Sunny Lu to create VeChain
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EDMONTON, Alberta--(BUSINESS WIRE)--Teledyne MEMS is expanding its manufacturing operations in Edmonton with support from the Government of Alberta, reinforcing the province’s growing role in the global semiconductor supply chain and creating new, high-skill jobs. The investment is backed by a CA$620,000 grant from the province’s Investment and Growth Fund, aimed at attracting high-impact private sector investment and driving economic growth.
The expansion will enhance Teledyne MEMS’ advanced manufacturing capabilities and help meet rising global demand for micro electro-mechanical systems (MEMS) sensors and microfabricated semiconductor devices. From its Edmonton facility, Teledyne MEMS serves diverse markets including optical MEMS, biomedical MEMS, inertial and industrial sensing, with applications in telecommunications and miniaturized medical systems, among others. It will also strengthen Alberta’s advanced manufacturing ecosystem and contribute directly to the local economy.
“As a global and trusted leader in MEMS technology, Teledyne MEMS is committed to growing our presence in Alberta and investing in its talent and innovation ecosystem,” said Steve Bonham, Plant Manager at Teledyne MEMS. “Our expansion in Edmonton reflects confidence in the region and will create high-value jobs and long-term economic opportunities. We thank the Government of Alberta and Edmonton Global for their continued support.”
The expansion, which includes new wafer processing, inspection, and automation equipment alongside facility upgrades, reaffirms Teledyne’s long-term commitment to Alberta and its position in the global semiconductor value chain.
“Alberta is open for business, and investments like this show why companies choose to grow here. Through the Investment and Growth Fund, we are helping close the deal on high-impact projects that create jobs, grow our economy and strengthen Alberta’s advanced manufacturing sector,” said Joseph Schow, Minister of Jobs, Economy, Trade and Immigration.
About Teledyne MEMS
Teledyne MEMS is one of the world’s foremost pure-play MEMS foundries, offering design, prototyping, and high-volume manufacturing for MEMS sensors, actuators, and microfabricated semiconductor devices. With advanced 150 mm and 200 mm wafer capabilities and decades of process expertise, Teledyne MEMS serves customers across automotive, industrial, medical, consumer, and communications applications. For more information about Teledyne MEMS, visit www.teledynemems.com.
About Teledyne Technologies
Teledyne Technologies (NYSE:TDY) is a leading provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems. Teledyne’s operations are primarily located in the United States, the United Kingdom, Canada, and Western and Northern Europe. For more information, visit www.teledyne.com
Coinbase, the leading cryptocurrency exchange, has added two new assets to its roadmap today. The newly listed assets are Solana ecosystem’s Shadow Token (SHDW) and Neon EVM (NEON), both of which are SLP tokens. Moreover, the SHDW and NEON prices skyrocketed after the latest announcement.
Coinbase Lists Shadow & Neon Shadow Token is described as the utility token powering the Shadow dePIN ecosystem. Furthermore, it aims to revolutionize the way transactions are conducted within its ecosystem. On the other hand, Neon EVM is a smart contract operating on the Solana blockchain, offering innovative solutions within the decentralized finance (DeFi) space.
Following the announcement of their addition to Coinbase’s roadmap, both SHDW and NEON experienced a remarkable surge in their prices. This reflects the market’s enthusiasm for these new listings, especially amid the Solana community.
In a recent blog post, Coinbase reaffirmed its commitment to expanding its asset offerings while maintaining rigorous standards for legal, compliance, and technical security. The exchange emphasized that its evaluation criteria do not consider factors such as market capitalization or project popularity. Instead, Coinbase focuses on ensuring that listed assets meet stringent requirements to safeguard users’ funds and uphold the integrity of its platform.
However, Coinbase also noted that not all projects meet its standards. This indicates that there are assets that have been excluded from listing at this time due to regulatory concerns or other reasons. Hence, the addition of SHDW and NEON to Coinbase’s roadmap represents a significant milestone for both projects, providing them with increased exposure and credibility within the cryptocurrency ecosystem.
Also Read: Coinbase To Store Users’ USDC Balances On Base Network
Shadow & Neon Price Rally The Shadow Token price propelled toward a new all-time high after the Coinbase announcement. As of writing, the Shadow price skyrocketed by 55.39% to $2.26 on Wednesday, March 27. In addition, its market cap surged to $362.25 million. Moreover, the SHDW 24-hour trade volume spiked by a whopping 1241.52% to $21.41 million.
Whilst, the Solana ecosystem’s Neon crypto price surged 21.94% to $1.78 today. Furthermore, the crypto’s market valuation soared to $102.92 million. Additionally, the trading volume for Neon jumped by a staggering 638.25% to $35.54 million in the past 24 hours. However, the peak of $1.79 attained during the rally was still 53.62% short of its all-time high of $3.86.
Also Read: Bitcoin Exchange Supply Hits All-Time Low With 58K BTC Pulled Out Of Coinbase
Coinbase zařazuje Solana altcoin Shadow Token (SHDW) do obchodování a označuje ho jako experimentální aktivum. Po zprávě SHDW vyskočil z denního minima 1,83 USD na 2,17 USD, tedy o více než 18 %.
One Solana (SOL)-based altcoin is soaring after landing a surprise listing on Coinbase, the top crypto exchange in the US.
In an announcement via the social media platform X, Coinbase says it’s adding Shadow Token (SHDW) to its trading platform.
[adinserter block="1"]
Shadow Token is expected to be available on the platform starting Wednesday, at noon Eastern Standard Time. Amid the listing news on Tuesday, Shadow Token shot up from the day’s low of $1.83 to a high of $2.17, a gain of more than 18%.
Shadow Token has since retraced slightly, trading at $1.95 at time of writing, up 7% in the last 24 hours.
Coinbase is tagging Shadow Token with the experimental asset label, a designation for digital assets that pose certain risks such as price swings.
Shadow Token is a cryptocurrency designed for the sustainability and security of decentralized data storage infrastructure. It serves as the native token for the ShdwDrive network, a high-performance cloud storage platform.
Says the project team,
“Network mechanisms such as staking, halving, slashing and recycling – are carefully designed to work together to make SHDW an effective tool for securing the network and driving value. These mechanics, along with rewards and incentives, are designed to convert token holders into active participants who are helping to secure the network.”
Coinbase also just announced another Solana-based altcoin for trading with the experimental asset label, Tensor (TNSR). Tensor is the most popular non-fungible token (NFT) platform on Solana.
At time of writing, TNSR is trading for $1.60, down more than 14% in the last 24 hours.
Zakladatel Curve Michael Egorov vložil 68 milionů CRV v hodnotě 35 milionů USD, aby na Aave uzavřel celý svůj dluh. Poté převedl 10,77 milionu crvUSD na USDT na jeho splacení.
Curve founder Michael Egorov has deposited 68 million CRV tokens ($35 million) to settle his entire debt position on DeFi lending platform Aave, according to blockchain analytics firm Lookonchain.
After depositing CRV, Egorov converted 10.77 million crvUSD to tether USDT$0.9988 to repay all of the debt on Aave.
CRV is currently trading at 53 cents having risen by 3.48% in the past 24-hours, according to CoinDesk data.
In August, Egorov raised $42 million through over-the-counter (OTC) sales of CRV tokens to pay off $80 million of on-chain debt, this came after a market-wide tumble in asset prices which put Egorov's CRV positions on DeFi lenders dangerously close to liquidation.
In the event of liquidation, Aave would have had to sell the CRV put up as collateral to the open market, which would have had a cascading effect due to a lack of liquidity.
Now, Egorov has 253.67 million CRV tokens ($132.52 million) in collateral and $42 million in debt across four DeFi lenders, according to Debank.
Aave po hlášení chyby dočasně pozastavil trh Aave V2 Ethereum a zmrazil některá aktiva na Avalanche. Na Aave V3 pak zmrazil konkrétní aktiva na Polygonu, Arbitru a Optimismu. Podle protokolu nejsou žádné prostředky v ohrožení.
Decentralized finance (DeFi) platform Aave has suspended operations in a number of markets after receiving a problem report on a certain function of the protocol.
DeFi Protocol Discovers Vulnerability; Is User Funds At Risk? On Saturday, November 4, decentralized lending protocol Aave announced – via a post on X (formerly Twitter) that it has paused the Aave V2 Ethereum market and suspended certain assets on Avalanche. In addition, the protocol has frozen specific assets on Aave V3 on Polygon, Arbitrum, and Optimism.
Today we received a report of an issue on a certain feature of the Aave Protocol. After validation by community developers, the guardian has taken the following temporary prevention measure (no funds are at risk):
— Aave (@aave) November 4, 2023
According to the protocol’s announcement, these actions serve as a temporary precautionary measure following a problem report on a specific feature.
Furthermore, Aave said in the post that the Aave V3 markets on Ethereum, Base, and Metis and the V2 markets on Polygon and Avalanche are unaffected. Meanwhile, no funds on any of the markets were at risk, according to DeFi lending protocol.
🚨🚨 🚨 On 11-04 17:38:35 UTC, Aave Guardian has taken necessary protection measurements to pause AaveV2 protocol (and all Aave pools are safe): https://t.co/3xJzfiejig
Given the protocol is “forked” by multiple third parties and the exact details are not disclosed yet, it is… pic.twitter.com/OkO1EZv6pW
— PeckShield Inc. (@peckshield) November 4, 2023
While Aave did not specify what the issue is or the feature that caused the problem, the protocol said it would release a detailed explanation once there is a full resolution. The statement read:
A governance proposal to restore the normal operation of the protocols will be submitted shortly. A detailed postmortem will be released once the issue is fully resolved.
Aave further clarified that users supplying or borrowing from a frozen assets pool can still withdraw and repay positions. However, these users can’t supply or borrow more funds from the frozen assets pool until the issue is resolved. The protocol added:
On paused assets, no action can be done until unpaused.
AAVE Price Remains Steady Despite Protocol Vulnerability There is no evidence to suggest that the problem has had any impact on the value of the protocol’s native token, AAVE. As of this writing, the token is valued at $90.15, reflecting a negligible 0.9% price dip in the past 24 hours.
Nevertheless, the token is outperforming on a bigger timeframe. Over the past week, AAVE’s price has swelled by more than 10%, touching the $100 mark – for the first time since February – at some point during the week.
Although the price of AAVE has been moving mostly sideways in the past few days, a resolution of the current issue might trigger renewed momentum for the token. Hence, there is a chance that the cryptocurrency might revisit $100 again, especially considering the optimistic climate of the crypto market.
AAVE price slows down upward momentum on the daily timeframe | Source: AAVEUSDT chart on TradingView Featured image from Binance Academy, chart from TradingView
Aave hlasuje o integraci stablecoinu PYUSD od PayPal; 99,98 % hlasujících držitelů AAVE je pro. Trident Digital slibuje při spuštění likviditu 5 až 10 milionů USD.
Decentralized non-custodial lending and borrowing protocol Aave is voting to onboard PayPal's PYUSD stablecoin issued by Paxos Trust Company.
In an ongoing governance vote, 99.98% of the participating AAVE token holders favor integrating PYUSD into AAVE's Ethereum-based pool. The voting on the proposal, termed temperature check, floated by Trident Digital on Dec. 18, will end later Thursday. The vote follows decentralized exchange Curve's December decision to host PYUSD.
PYUSD, the dollar-pegged stablecoin, came into existence in August and now has a market capitalization of $289 million, or 0.3% of industry leader tether’s $94 billion.
Aave is a decentralized finance protocol enabling users to lend and borrow funds without an intermediary. Per DappRadar, AAVE is the world's third-largest DeFi solution, with nearly $5 billion worth of crypto assets locked into the protocol.
Majority of the participating AAVE token holders favor PYUSD integration. (Aave)Trident’s proposal says that AAVE's integration of PYUSD will help build synergies with PayPal's stablecoin and strengthen the relationship between PYUSD and AAVE's decentralized multi-collateral stablecoin GHO.
Trident, which is incentivizing the PYUSD/USDC liquidity pool on Curve, will contribute $5 million to $10 million in liquidity for PYUSD on AAVE from day one, the firm said in the governance proposal chat.
"The idea is to keep yields quite high on Curve. This will create organic borrowing demand for PYUSD on AAVE. So while we don’t intend to provide direct incentives on AAVE we believe our overall incentive strategy will allow for borrowing demand on day 1," Trident said.
Bonk.fun potvrdil kompromitaci domény a varoval uživatele před interakcí se stránkou po nasazení wallet draineru. Aktivní obchodníci s BONK na terminálech zasaženi nebyli, ale část uživatelů přišla o prostředky.
As per an earlier report by AMBCrypto, crypto hacks resulted in $112 million in losses across January and February 2026. Even though the crypto market suffered from low liquidity and poor performance across the board, hacking incidents have remained consistent.
Hackers hijack Bonk.fun domain planting wallet drainer On Thursday, the 12th of March, hackers hijacked the Bonk.fun domain and planted a wallet drainer on the memecoin’s launchpad.
Bonk.fun confirmed this hacking incident and stated that,
“A malicious actor has compromised the BONKfun domain.”
Following the incident. the Bonk.fun team warned users against further interaction with the site until it is secured. Tom, the team’s operator, explained that old and already active users were not affected.
Equally, the hack did not affect traders actively trading BONK tokens on terminals, which were also safe from the hacking. However, users who signed a fake TOS message on the main domain saw their funds drained.
Tom insisted that the team luckily noticed the incident quickly and avoided more losses, causing only minimal damage. At the same time, the team assured users that they are working to fix the situation with users’ needs as the top priority.
While users expressed their losses, no official report has been issued regarding the possible amount lost.
BONK faces further downside pressure The hacking incident did more harm to BONK, especially during this period of prolonged weakness. In fact, the mememecoin has traded within a descending channel through 2026.
Over the past day, for instance, Bonk [BONK] erased the little gains made over the past 2 days, touching a low of $0.00000582.
The memecoin’s downside risk strengthened as investors panicked and closed positions following the recent developments. According to Coinalyze, the memecoin recorded 176 billion in Sell Volume compared to 109 billion in Buy Volume on the 12th of March.
Source: Coinalyze As a result, the market recorded a negative delta of -67 billion, a clear sign of aggressive spot selling. On the derivatives side, even more bearishness emerged.
CoinGlass data showed that Derivatives Volume plummeted 33% to $10.7 million, while Open Interest fell 11% to $6.07 million. A drop in both OI and volume signaled reduced exposure and a surge in risk-off sentiment.
Source: CoinGlass Combined, increased bearishness in both spot and futures markets further weakened the market, leaving BONK exposed to further losses.
In fact, the memecoins’ Relative Strength Index (RSI) slightly retraced to 44, holding firmly within the bearish zone. Likewise, BONK fell below its moving averages, further validating the trend’s strength.
Source: TradingView Therefore, if the panic mode prolongs, especially driven by the hack incident, BONK could drop below $0.0000055. To withstand this market shock, BONK must remain above $0.0000060.
Final Summary Bonk.fun domain was compromised on 12 March after hackers planted a wallet drainer on the memecoin launchpad. The team warned users to avoid interacting with the site, though active BONK traders on terminals were not affected.
Mantra uzavřela partnerství s agri-tech firmou Dimitra na tokenizaci zemědělských a uhlíkových projektů. První fáze se zaměří na produkci kakaa v oblasti Amazonie v Brazílii a projekt ochrany lesa v Mexiku.
Mantra teamed up with agri-tech leader Dimitra in a bid to bring scalable blockchain solutions to global agricultural and sustainability projects — marking yet another move in the project’s push to regain investor trust after the recent fallout.
According to an announcement shared with crypto.news, Dimitra, a global leader in agri-tech and sustainability solutions leveraging blockchain and AI, has partnered with Mantra (OM), a regulated layer-1 blockchain purpose-built for RWA tokenization. The collaboration connects agricultural projects with investors that are after transparent, asset-backed investment opportunities, utilizing MANTRA’s regulation-ready blockchain.
Phase one will focus on cacao production in the Amazon region of Brazil and a forest conservation project in Mexico. The Mexico project alone is expected to generate approximately 1 million traceable carbon credits over the next 10 years. Dimitra’s proprietary carbon monitoring tools will ensure transparency and verification of these credits, making them easier to trade and invest in.
“These two projects are just the beginning. When we demonstrate how real-world asset tokenization facilitates project financing, both can be scaled significantly,” said Jon Trask, CEO of Dimitra Incorporated. “In Mexico, for example, we’re starting with 19,000 hectares expected to generate 1 million carbon credits and over $15 million in revenue over the next decade. But the potential is much greater — the Fundación Álica manages over 300,000 hectares, and we’re ready to expand.”
The partnership with Dimitra marks another significant milestone in Mantra’s recovery following the recent fallout, where OM price crashed from $6.26 to an intraday low of $0.42, causing a major loss of trust in the RWA tokenization blockchain.
It comes on the heels of another major collaboration, where blockchain analytics platform Nansen joined as a validator on the MANTRA Chain, lending institutional credibility to the project. At the same time, MANTRA is still pushing forward with its token burn initiative aimed at winning back community trust.
However, OM price continues to trade within a tight range between $0.37 and $0.42, having recently attempted a breakout but failing to gain momentum.
Billiton Diamond a Ctrl Alt přesunuly v SAE na blockchain certifikované leštěné diamanty v hodnotě 1 miliardy AED (280 milionů USD). Ripple zajišťuje úschovu a XRP Ledger vytváří digitální tokeny představující vlastnictví.
The Diamond Tokenization SetupBilliton Diamond and Ctrl Alt moved over AED 1 billion ($280 million) worth of certified polished diamonds on-chain in the UAE.
Ripple’s enterprise custody tools secure the physical diamonds, while the XRP Ledger creates digital tokens representing ownership.
Adding to its infrastructure push, Ripple secured full Electronic Money Institution approval from Luxembourg’s financial regulator last week, pushing its global regulatory approvals beyond 75.
This follows recent UK approvals, reinforcing Ripple’s position as one of the most heavily licensed crypto firms.
The Regulatory RoadblockThe broader platform launch requires approval from Dubai’s Virtual Assets Regulatory Authority (VARA).
Until then, the $280 million represents a controlled pilot rather than an open marketplace.
Critical details remain unclear.
The companies did not explain how someone holding a diamond token would redeem it for the physical stone, what the minimum purchase size would be, or how individual stones get priced—all essential for real trading.
Dubai’s DMCC coordinated the project as the emirate positions itself as a hub for tokenizing real-world assets like commodities and luxury goods.
The Trading ChallengeCreating blockchain tokens for diamonds is the easy part.
The harder challenge is building a marketplace where these tokens actually trade with reliable prices and smooth redemptions.
Each diamond is unique, with individual characteristics affecting value—cut, clarity, color, and carat weight.
This makes pricing more complex than tokenizing gold or oil, where units are identical and fungible.
The companies acknowledged this hurdle, mentioning a longer development timeline for features like custody transfers and secondary-market trading.
However, without concrete plans for redemption mechanics and pricing, questions remain about moving beyond the pilot phase.
Image: Shutterstock
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Drift uvedl, že útok provedli stejní aktéři jako při hacku Radiant Capital, pravděpodobně napojení na severokorejskou skupinu UNC4736. Předchozí zprávy mluvily o ztrátách přes 285 milionů USD.
PANews reported on April 5th that Drift released an updated investigation into the attack, indicating that the operation was carried out by the same threat actors as the Radiant Capital hack in October 2024, with highly similar on-chain fund flows and operational methods. Mandiant attributed the Radiant Capital hack to UNC4736, an organization linked to the North Korean government.
Furthermore, this attack was meticulously planned over six months. Starting in the fall of 2025, a group posing as a "quantitative trading company" proactively contacted Drift contributors at multiple international crypto conferences. They established a Telegram group and engaged in in-depth business discussions and strategy exchanges for six months, even launching an Ecosystem Vault on Drift with $1 million in real funds. After multiple face-to-face meetings to build trust, they shared links and tools, ultimately seemingly completing the intrusion through a malicious code repository and a beta wallet app (TestFlight). Following the attack, all related chat logs and malware were thoroughly removed.
The investigation is ongoing, and these findings are preliminary. All remaining protocol functionality has been frozen, and the compromised wallet has been removed from multi-signature authentication. The attacker's wallet has been flagged by exchanges and cross-chain bridge operators.
Previous reports indicated that Drift suffered losses exceeding $285 million in the attack.
Radiant Capital začne ukončovat provoz po hacku z října 2024, při němž Lazarus Group odcizila 50 milionů USD. Frontend i smart kontrakty zůstanou dostupné pro výběry a správu pozic.
Radiant says its frontend and smart contracts will remain accessible and users will still be able to withdraw, repay, and manage their positions.
Crypto lending protocol Radiant Capital says it will start closing down as it failed to establish a “viable path forward” after North Korea exploited it for $50 million in October 2024.
Radiant’s decentralized autonomous organization said in a blog post on Monday that its inability to recover the stolen funds, secure new capital and maintain a runway to continue operating responsibly forced it to wind down.
It added on X that contributors and community members had helped maintain the protocol under “increasingly difficult conditions,” but it was not enough to sustain the protocol “without recovery, capital, or growth.”
Source: Radiant Capital
Radiant launched in 2022 and aimed to be a single platform to bring liquidity to several blockchains. It rapidly expanded in 2023, with its total value locked soaring to a high of $386.8 million in December 2023 even as value locked across the crypto market fell.
North Korea’s Lazarus Group exploited Radiant in October 2024, and its TVL fell to $75 million before collapsing further to $5 million within the month after the hack, which it never recovered from.
Radiant not fully shutting downRadiant said that instead of fully shutting down, it will transition into a “maintenance state,” where the protocol’s frontend will stay online, its smart contracts will remain accessible and users will be able to withdraw, repay, and manage their positions.
However, its decentralized autonomous organization will no longer contribute to development, upgrades or expansions.
“Users are encouraged to actively manage risk and reduce exposure,” it said.
Source: Radiant Capital
Radiant said it would continue recovery efforts stemming from the hack by keeping its remediation portal open and returning any recovered funds to affected users.
The Radiant Capital (RDNT) token fell 4.2% after sharing that it was winding down. The token hit an all-time high of 58 cents in September 2022, but is now trading for a fraction of a cent.
Magazine: AI-driven hacks could kill DeFi — unless projects act now
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Umami DAO se přejmenovala na Bonsai DAO a chystá strukturu subDAO, která má podpořit adopci nového governance tokenu BONSAI. Držitelé UMAMI ho mohou převést v poměru 1:10.
Umami DAO has rebranded as Bonsai DAO.The rebrand is part of a larger transformation that includes the eventual launch of "subDAOs."Bonsai is trying to repair its reputation, which took a hit in February 2023.An Arbitrum-based protocol is embarking on a MakerDAO-style transformation more than a year after it weathered a crisis from which it never fully recovered.
The digital cooperative formerly known as Umami DAO has rebranded as Bonsai, a “meta DAO” that will house several, smaller cooperatives, or “subDAOs,” each of which will manage a separate blockchain-based financial product.
The move echoes a recent push from MakerDAO, whose own yearlong transformation, known as “Endgame”, includes the creation of subDAOs.
Each subDAO will eventually launch its own token, according to Bonsai.
Among other things, the strategy will test whether the promise of successive airdrops can boost a long-running protocol long after a flurry of negative headlines.
Umami’s governance token has jumped 11% since the April 24 rebrand.
“It hasn’t exactly been smooth sailing for Umami,” developers behind the project said in an April 2 blog post announcing the changes.
“It is our firm belief that Umami’s token is severely undervalued, and that significant change is required to shift the narrative and regrow the passion and excitement around our amazing community.”
Near collapseIn February 2023, Umami, a protocol-and-LLC combo attempting to link institutional investors and the world of decentralised finance, almost came apart.
The company, Umami Labs, paused the protocol’s staking rewards, angering users. Employees resigned en masse, pledging to continue contributing to the project as Umami DAO contractors.
The UMAMI token crashed: At the end of January 2023, it was trading above $35, but by mid-February, it was worth less than $10.
The DAO, run by people who held the UMAMI token, voted to hire Umami Labs’ former employees as contractors who answer to the DAO. They included all former employees except for the Umami Labs CEO, former Reuters journalist Alex O’Donnell.
In a statement after the vote, Umami Labs’ former employees said O’Donnell “was moving the company in a direction that the entire team unanimously agreed was not in keeping with the expectations or best interests of the UMAMI token holder community.”
Umami Labs took “legal action” against “several of these individuals” for defamation and civil conspiracy, O’Donnell told DL News, adding that he was not speaking on behalf of Umami Labs, but in his personal capacity.
“These claims and other similar ones from this group of individuals are dishonest and directly contrary to the facts,” O’Donnell said.
Pausing staking rewards last year was a “compliance-minded” decision that would “serve the long term interests of the protocol,” according to O’Donnell. Additionally, the former Umami Labs employees were among those who held UMAMI tokens, and they “essentially voted to hire themselves,” he said.
Separately, the former CEO said personally sued two of his former colleagues and “prevailed on a primary matter in a November court ruling.” He expects a final ruling next week.
“With respect to ‘Bonsai DAO’, I find it curious and concerning that this group of individuals is evidently seeking to further obfuscate Umami’s legal-entity structure with a highly-relevant court ruling only a week away,” he said.
Bonsai DAO contributors did not immediately return DL News’ request for comment.
The Umami DAO has soldered along since, restarting staking rewards and releasing new “set-and-forget” vaults that have generated some of the best returns on Ether this calendar year.
But the UMAMI token has steadily fallen since July, and was trading at $3.70 before the announcement of the rebrand. While growing in dollar terms because of the appreciation of Ether, deposits in the protocol have been flat since March 2023, according to data from DefiLlama.
Hello! This chart will be available in a few moments
Since March 2023, deposits in Umami have grown due to Ether appreciation, frustrating its developers. Trying to boost adoptionOn Discord, Umami developers say they have taken some cues from other protocols that feature subDAOs, including Maker, Aladdin, and Magpie.
The rebrand was prompted by frustration that a product generating a relatively high yield for users hadn’t attracted more deposits.
“We launched a great vault product, it has hit $10m TVL and still the token hasn’t moved from $4,” the project’s pseudonymous head of community management said on Discord, using the acronym for total value locked.
“So we might as well try something new, the 10% APR a year at this price should be nothing in comparison to like 3-4 or more airdrops of new products on new chains.”
In a bid to boost adoption of its new governance token, BONSAI, the DAO is letting users convert their UMAMI tokens to BONSAI at a 1:10 ratio.
Under its new structure, so-called “leaves” are DeFi applications that will eventually be run by their own subDAOs.
“Once independent, they have a [token generation event] and reward $Bonsai holders and initial users by airdropping a significant portion of their tokens,” Bonsai said on X.
Umami will be an exception, and is not expected to evolve into a subDAO, developers said.
Update, May 1: This story was updated to include comments from Alex O’Donnell and DL News’ attempt to contact Bonsai DAO contributors.
Aleks Gilbert is a DeFi correspondent based in New York. Have a tip? You can reach him at [email protected].
Aleph.im spustil Twentysix Cloud, decentralizovaný cloudový marketplace pro storage, compute, indexování a AI. Nově běží v modelu PAYG a platby přijímá v ALEPH nebo stablecoinech.
Twentysix Cloud is an all-in-one decentralized cloud marketplace, powered by Aleph.im’s DePIN (decentralized physical infrastructure network). This launch marks a significant step in bridging decentralized cloud solutions with the growing demand for computing resources.
Aleph.im announces the launch of its innovative hub.
Twentysix Cloud is a decentralized cloud marketplace offering a full range of blockchain-based storage, compute engine, indexing and AI solutions for businesses and applications.
By leveraging the Aleph.im network, Twentysix Cloud ensures a secure, resilient and transparent user experience.
It sets a new standard for modern cloud infrastructures, utilizing tens of independent nodes worldwide.
The decentralized design of Twentysix Cloud meets the evolving needs of businesses and developers.
It provides a versatile environment for a wide range of applications, empowering users through a robust architecture that seamlessly connects on-chain and off-chain data, eliminating centralized points of failure.
Twentysix Cloud now operates on a PAYG (pay-as-you-go) model, offering users the flexibility to pay only for the resources they use.
This approach leads to lower costs due to the distributed nature of resources.
Payments can be made in ALEPH – the native token of the network – or in stablecoins.
This system, which charges by the millisecond, leverages Avalanche C-chain and Superfluid for optimal payment solutions.
Twentysix Cloud is enhancing its integration with EVM blockchains like Avalanche to facilitate global streaming payments.
This enhancement enables a seamless PAYG payment system that operates effortlessly across node operators, who contribute to maintaining and securing the network independently.
Jonathan Schemoul, co-founder and CEO of Aleph.im, said,
“Twentysix Cloud offers a wide range of products for companies who wish to use an alternative solution to traditional cloud services. Until today, our users needed to hold or stake tokens to use our solutions.
“With the introduction of our pay-as-you-go model, we’re excited to onboard more businesses and developers, providing easy access to a full Web 3.0 cloud platform.
“Our product will incorporate DeFi components to facilitate stablecoin transactions and include fiat gateways to enhance ease of use.
“Our mission is to contribute to the open-cloud industry as a whole and drive innovation across the space, providing new ways to build, deploy and scale more effective models for AI.
“By opening this technology, we are offering decentralized AI’s virtual agents and conversational AI products to all who wish to use it – in a confidential way.”
In addition to its advanced capabilities, Twentysix Cloud and Aleph.im are GDPR compliant.
This ensures that stakers’ personal data remains secure, and they retain ownership of their uploaded documents and metadata.
These are stored on Twentysix Cloud’s decentralized storage across more than 80 core channel nodes and over 250 compute resource nodes.
About Twentysix Cloud Twentysix Cloud is a cross-chain cloud solution powered by the Aleph.im decentralized network, which offers developers access to databases, computing power and file storage.
It ensures operational resilience for applications, particularly in AI, DeFi and gaming industries.
Since 2020, its marketplace Instances and Micro-Virtual Machines have provided scalable, high-performance resources across various blockchains.
About Aleph.im Aleph.im is a decentralized physical infrastructure network that enables developers and businesses to build applications with robust features thanks to a system of connected nodes responsible for the security and functionality of the peer-to-peer network.
CCN (core channel nodes) play a pivotal role in network control and governance, while CRN (compute resource nodes) are designed to provide distributed secure computing power and storage, ensuring better privacy, security and control over their data and applications.
For more information, visit the links below.
Twentysix Cloud X | Aleph.im X | Telegram | LinkedIn
Contact Clément Fermaud, head of marketing at Aleph.im and Twentysix Cloud
Aleph.im se přejmenoval na Aleph Cloud a spouští akcelerátor pro startupy za 1 milion USD pro Web3 projekty. Program nabídne cloudové kredity, úložiště a technickou podporu.
Aleph.im, a leader in decentralized infrastructure, has rebranded as Aleph Cloud and is launching a new startup accelerator program.
Aleph.im’s rebrand as Aleph Cloud signifies its transformation into a full-stack decentralized cloud provider, as confirmed in an exclusive interview with crypto.news. Announced on April 23, the rebrand reflects the company’s expanded product suite, including decentralized compute, storage, virtual machines, and GPU resources, all designed to power next-generation Web3 and AI applications.
Alongside the rebrand, Aleph Cloud is introducing a $1 million startup accelerator program to help Web3 builders and startups transition away from centralized cloud providers like AWS and Google Cloud, which dominate much of today’s blockchain infrastructure.
The program offers compute credits, storage, and technical support across ecosystems such as Ethereum, Base, Solana, BSC, and Avalanche.
“Most blockchain apps still rely on centralized cloud services, which puts decentralization at risk,” Jonathan Schemoul, CEO of Aleph Cloud, said in a press release. “Our rebrand and accelerator program are designed to help teams move off AWS and toward infrastructure that’s censorship-resistant, performant, and easy to use.”
A shift from tools to full cloud platform Originally known for providing Solana indexers, Aleph.im has evolved into a full cloud platform, prompting the rebrand to Aleph Cloud. According to Schemoul, the new name clarifies the project’s mission: delivering a comprehensive, developer-friendly decentralized cloud experience.
“It felt clearer for us but most importantly to our customers and users to adopt a universal name as Aleph Cloud,” Schemoul said in a Q&A with crypto.news.
Aleph Cloud now runs on over 700 globally distributed nodes across 12 countries and offers an intuitive SaaS interface, allowing developers to deploy decentralized apps without needing DevOps expertise.
Backing builders with a decentralized safety net Aleph Cloud’s newly launched Accelerator Program is intended to give early-stage Web3 and AI developers access to infrastructure credits, confidential virtual machines, web hosting, and more, without upfront cost.
Schemoul told crypto.news that small startups and independent developers “need strong resources in order to develop their projects.” To support a thriving ecosystem, Aleph Cloud will consider companies with a real product or even a proof of concept to gain access to its cloud services for free up to a certain threshold.
Instead of using treasury funds directly, the program distributes access via non-transferable Soulbound tokens, which unlock free use of Aleph Cloud’s infrastructure for selected participants.
Proving its edge over centralized and decentralized rivals The move comes amid increasing concerns about centralization risks in blockchain. Over 50% of Ethereum nodes, for example, are hosted on centralized services like AWS, making entire networks vulnerable to outages. Aleph Cloud offers an alternative by enabling decentralized node hosting for Ethereum, Bitcoin, and more.
In the first four months of 2025 alone, Aleph Cloud has issued over 200,000 Soulbound tokens and supported 26 blockchain networks. Projects like Ubisoft’s Web3 games, HyperSwap, and Anima’s Sybil-resistance tooling already use the platform to maintain censorship-resistance and ensure uptime during centralized cloud outages.
“Whether it’s DeFi applications like HyperSwap, Sybil-resistance tools like Anima, or use cases in the gaming industry with partners such as Ubisoft, we are ready to support them,” Schemoul also said in the interview.
Competing on flexibility and scale Aleph Cloud’s strategy is consistent with a broader trend toward decentralized physical infrastructure. It competes against industry titans like Filecoin and Akash and needs to differentiate itself in a fast growing market.
According to Schemoul, Aleph’s edge lies in its all-in-one design, offering compute, storage, hosting, and confidential virtual machines through a unified interface. The CEO stated:
“Whether you need to store data, host a website or portfolio, display a Frame, or run AI agents, Aleph Cloud is designed to support it all. You can even do everything simultaneously, something that many larger competitors do not offer.”
Developer interest is notably strong on Solana, with nearly 90% of recent accelerator applications focused on that ecosystem. The platform has also expanded support to emerging chains like Sonic and Eclipse.
Designed for compliance Aleph Cloud emphasizes that it is GDPR compliant and operates a chain-agnostic deployment. Neither Aleph nor its node operators can view stored data, reducing the likelihood of ad targeting, resale, or any other activity that goes against the end user’s interest.
Schemoul explained that it had to recently remove a streaming platform from a node it operated after receiving a copyright notice from the content’s owner. Due to the decentralized architecture, the content was simply migrated to another node.
This is a notable example of how censorship-resistance can be maintained without violating any laws.
The full Q&A with Jonathan Schemoul is below:
crypto.news: Your company recently rebranded from Aleph.im to Aleph Cloud. What drove this decision? Can you share the rationale and vision behind the new brand, and how it better reflects the direction the company is headed in 2025 and beyond?
Jonathan Schemoul: We have been exploring different options before finally settling on Aleph Cloud. Our main objective remains the same, providing an affordable, fast and resilient decentralized cloud for web3 native companies. Our infrastructure and service model has greatly improved allowing us to cater also to larger traditional enterprises.
Aleph.im used to provide indexers on Solana before growing our product suite to a complete cloud platform. In this sense it felt clearer for us but most importantly to our customers and users to adopt a universal name as Aleph Cloud.
CN: What was the strategic thinking behind launching the accelerator program? What types of startups or innovations are you hoping to support, and how will the program help them (e.g. providing cloud credits, mentorship, or other resources)?
JS: First it’s a matter of common good. I think that our industry has to unite in order to grow more successful companies and protocols and their fate shouldn’t be left in the hands of big tech corporates. Small startups and independent devs need strong resources in order to develop their projects even before thinking of raising money. With our grant program anyone can apply with a real product or even a POC (proof of concept) and nearly instantly get access to all our cloud services for free up to a certain threshold. Be it confidential virtual machines, VPS, database storage or web hosting, we give these companies an opportunity to run their full stack onchain from day one.
CN: Is the funding coming entirely from Aleph Cloud’s treasury, or are there external partners involved?
JS: These services aren’t paid directly in ALEPH tokens, instead we have developed a non-transferrable Soulbound token that opens access to the cloud to selected individuals; It’s a net positive operation for everyone, this way we don’t have to use our treasury and developers have access to the same resource as any other customer.
CN: What chains are you seeing the most developer interest from? You mention Ethereum, Base, Solana, BSC, and Avalanche in the press release but are there specific ecosystems where demand for decentralized infrastructure is outpacing the rest
Looking at the applicants to our grant program, nearly 90% show a strong dominance of Solana, particularly for consumer-facing applications. With support for 24 blockchains (and counting), developers can now build their apps on a truly decentralized cloud, finally putting the ‘D’ back in DApp. Recently, we deployed Aleph Cloud on Sonic and Eclipse, as we’re seeing growing momentum around these emerging blockchains.
CN: Centralization remains a big issue in blockchain ecosystems for instance, up to 90% of Layer-1 nodes run on centralized clouds like AWS or Azure. How does Aleph Cloud’s decentralized infrastructure offer an advantage over traditional providers like AWS or Google Cloud? In what areas do you see competitive advantages and how do you convince developers or enterprises to switch from the convenience of centralized cloud services?
JS: That’s entirely true, and it is quite concerning to see AWS and GCP ranking among the most-used cloud providers in the blockchain ecosystem.
According to Ethernode, 51% of Ethereum nodes are hosted on cloud providers, with 38% hosted on AWS alone. While we are not yet scaled to host an entire blockchain network on Aleph Cloud, we do enable decentralized node hosting. For example, several users are already running Bitcoin and Ethereum nodes on our infrastructure in a fully decentralized manner.
Our suite of products is designed to support enterprise and developer needs alike. Whether it’s DeFi applications like HyperSwap, Sybil-resistance tools like Anima, or use cases in the gaming industry with partners such as Ubisoft, we are ready to support them.
The path toward a decentralized industry takes time. We are still early, working to convince one project at a time, but we are seeing significant and growing interest in our solution.
CN: Industry-wide, we’re seeing a 2025 trend toward decentralized physical infrastructure for cloud services. How do you view Aleph Cloud’s role in this broader movement? What sets Aleph apart from other decentralized compute or storage protocols emerging in this space (for example, competitors like Filecoin for storage or Akash for compute)? In your opinion, where does Aleph Cloud have a unique edge in the push to challenge the dominance of traditional cloud providers?
We can be proud to be one of the first projects that emerged in 2020 and is still actively building five years later. This demonstrates two key things. First, we have built a strong base of customers and developers who continue to support us regardless of market fluctuations. Second, we consistently innovate and release essential features, such as confidential virtual machines and GPU instances.
As you pointed out, we offer a universal cloud platform. Whether you need to store data, host a website or portfolio, display a Frame, or run AI agents, Aleph Cloud is designed to support it all. You can even do everything simultaneously, something that many larger competitors do not offer. Our biggest advantage is delivering a comprehensive and flexible cloud solution that adapts to every need.
CN: How is Aleph Cloud navigating the regulatory landscape? For example, you’ve described the platform as a GDPR-compliant “chain-agnostic supercloud” but how do you ensure data privacy, security, and compliance in a network of globally distributed nodes? Do you foresee any regulatory hurdles (or advantages) for decentralized infrastructure providers, and how are you preparing to address issues like data jurisdiction or service liability that traditional cloud companies typically deal with?
JS: Aleph Cloud is fully GDPR compliant, as neither we nor the node operators have access to the data stored in the cloud. This means we cannot extract or exploit data for commercial purposes, unlike centralized providers such as Meta, Google, or Amazon.Regarding chain agnosticism, we support both EVM and SVM-based blockchains. This allows us to quickly integrate new ecosystems into Aleph Cloud and provide developers and builders with a more flexible, seamless experience.
For example, a few months ago, we received a copyright infringement notice because someone was using Aleph Cloud to host a streaming platform. Since the content was hosted on a node operated by our own company, we were legally obligated to remove it. However, our infrastructure is designed to provide an alternative, if content is removed from one node, it can be migrated to another. The responsibility for hosted content lies with the node operator where the content resides. We provide decentralized technology, but each operator is accountable for what is hosted on their node.
Presearch spustil beta verzi tokenu PRE na Base, což má snížit poplatky a podpořit staking i likviditu v jeho decentralizovaném vyhledávacím ekosystému.
Presearch, a decentralized meta-search engine, has advanced its Web3 transition by launching its PRE token in beta on Base, a layer 2 blockchain supported by Coinbase.
The company, which avoids tracking users or selling their data to advertisers, announced this development as part of its ongoing effort to create a fully decentralized search ecosystem, enhancing accessibility and efficiency for its users and advertisers while addressing long-standing challenges like high transaction fees.
The shift to Base Layer-2, designed to improve scalability and reduce costs for on-chain activities, enables Presearch to offer self-custodial staking mechanisms, allowing users to maintain full control over their assets while earning or staking PRE tokens for keyword ads.
This upgrade tackles issues such as low liquidity and expensive transactions that have previously hindered PRE's adoption.
Presearch's decentralized node network, which processes search results through a global community, ensures transparency and reduces biases common in traditional search engines.
The company reports over 150,000 active monthly users, 13 million monthly impressions, and more than 400,000 daily searches, reflecting its growing influence in bridging traditional internet users with the crypto space.
Also Read: Global Client Advisory Group Affiliate Files For $175 Million IPO, Targeting Crypto, Digital Security Ventures
"Base will expand our user base, increase liquidity, and boost community engagement, fueling further adoption and growth of the Presearch ecosystem," said Tim Enneking, CEO of Presearch.
The platform's search-to-earn model rewards users with PRE tokens for each search, with additional earnings through its staking system—the more PRE staked, the higher the per-search reward.
Presearch's PRE ButterFlyWheel mechanism integrates decentralized finance (DeFi) tools to enhance liquidity, token velocity, and search volume, creating a self-reinforcing cycle that supports its ecosystem.
"Users deserve a fully decentralized search engine that completely respects their privacy and participation," Enneking added, highlighting the platform's aim to counter the echo chambers prevalent in conventional search engines.
Presearch's Web3 focus has also attracted advertisers seeking privacy-first platforms, with partners like eToro, Bitcoin.com, Ledger, and KuCoin joining its network.
The company's infrastructure, powered by over 250 digital assets and a community-driven approach, offers a fair and secure search experience, contrasting with traditional platforms that often prioritize self-serving content.
While Presearch's model promotes user empowerment through rewards and privacy, it faces the challenge of scaling its decentralized operations while maintaining competitive search result quality against industry giants.
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Presearch spustil první aukci Node NFT, která držitelům dává licenci k provozu node a možnost získávat odměny v PRE. Nabídka zahrnuje 142 unikátních NFT z kolekce Wasteland Web.
SAN DIEGO, CA, Dec. 09, 2025 (GLOBE NEWSWIRE) -- Presearch (https://presearch.com/), the privacy-centric, non-profiling engine, today announced its first Node NFT Auction is now live, giving community operators and new participants a straightforward way to help power the network and earn rewards in return.
The auction introduces a community-driven model connecting digital art, network participation rights, and decentralized infrastructure. It features 142 unique NFTs from the Wasteland Web collection by digital artist Smokenmirrors, illustrating a vision of the internet free from algorithmic control. Each NFT stands alone as art, while also granting holders the ability to activate a node and earn network rewards once Presearch’s orchestration system goes live in a matter of weeks.
Unlike traditional digital art drops, each NFT doubles as a license key for operating a node under Presearch’s new Node Orchestration layer, the backbone of the upcoming Presearch 3.0 architecture. The orchestration system, detailed in Presearch’s latest technical blog and Nodenomics webinar, will expand the network’s global crawling and indexing capabilities of its innovative, decentralized, independent index named Indee, making it easier for users to operate nodes and contribute to the network.
“We’re scaling Indee, opening up the free web, and rewarding the people who run the compute that fuels the network’s growth.” said Tim Enneking, CEO of Presearch.
How to Participate:
Participants can join
(here) by creating a Presearch account, depositing PRE tokens, and bidding on the NFT(s) of their choice. The highest bidders at auction close will receive their Node NFTs, which include the corresponding node keys required to operate on the orchestration layer when it launches.
NFT Nodes Power Presearch 3.0
The Node NFT Auction marks the first phase of a broader rollout for Presearch 3.0, the project’s next major architecture update. The release includes a decentralized system for real-time crawling, indexing, and retrieval intended to support what the team refers to as the “Frontier Intelligence,” or high-value, underrepresented content often overlooked by mainstream search engines. By tying node licenses to NFTs, Presearch is testing a new model for permissionless participation, one that blends network operations, art culture, and economic incentives.
Auction Details
Start Date: [December 9, 9:00 AM Pacific]
End Date: [December 10, 9:00 PM Pacific]Supply: 142 unique 1:1 NFTs (each representing 1 Node License)Accepted Currency: PRELocation: https://account.presearch.com/nft/auctionsTo learn more, read the blog post here that includes a walkthrough video: https://news.presearch.io/presearch-node-nft-auction-278770826418
About Smokenmirrors:
Smokenmirrors, known for world-building in the digital art underground, created The Wasteland Web as a narrative backdrop depicting an imagined “post-algorithmic internet.” Each piece functions as a story fragment within that universe, reflecting themes of open networks and online resilience.
About Presearch
Presearch.com offers a privacy-focused, non-profiling search experience with results comparable to leading search engines. Its search-to-earn model rewards users with PRE tokens for every search, creating a unique value proposition. Powered by a decentralized node infrastructure, Presearch promotes fairness and mitigates biases in search outcomes unlike conventional platforms that may prioritize self-serving content and suppress others. With a loyal community, the platform serves nearly 10 million searches per month.
MEDIA CONTACT:
presearch(at)transformgroup.com
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Popular cryptocurrency game Hamster Kombat has started token listing on big markets including OKX and ByBit. Still, the continuous community turmoil around the recent HMSTR token airdrop has tempered the enthusiasm around the release.
Hamster Kombat: ‘Unfair’ Token Distribution The Hamster Kombat crew has been alleged of unfair airdrop distribution of the HMSTR tokens. Many players who invested a lot of time and money in the game got only a meager fraction of the projected tokens; some barely had $50 worth.
The community is particularly upset about the role of referrals in determining token allocations. The amount of tokens received by the player was comparatively higher in proportion to the number of referrals they have compared to the other regular players. Additionally, the team did not host over 2 million people in an airdrop after terming the users as “cheaters.”
✍️ HAMSTER MATH ✍️
🔥 The results of Season 1 have been finalized:
🚀 Over 300 million people have joined Hamster Kombat since March 26, 2024, 131 million qualified for the airdrop on September 26th and around 2.3 million were banned as cheaters.
📤 30.6 million of qualified… pic.twitter.com/LH5eD3i8al
— Hamster Kombat (@hamster_kombat) September 22, 2024
Lack Of Transparency And Broken Promises Other criticism of Hamster Kombat is a perceived failure to be more open and lack fulfillment of some promises to the community. The team promised several large incentives to players, such as an “equally important” reward system which was never met.
The use of “keys” during the final weeks of Season 1 also caused confusion since no clear information was issued regarding importance, with some players focusing just on collecting keys to later find out they are banned for shortchanging.
Source: OKX Boycott Threats And Community Backlash The community’s dismay of the token distribution has resulted in a notable pushback. Many of the players labeling the airdrop a “scam” have expressed their wrath on social networking sites. Some have even promised to sell their tokens right away after listing and abstain from the game.
Total crypto market cap currently at $2.197 trillion. Chart: TradingView The Hamster Kombat team has not yet provided a clear explanation or resolution for the community’s concerns. With millions of players potentially selling their tokens, the listing could face significant volatility and downward pressure on the HMSTR price.
Those who follow the project actively and invest in the premarket should know that the price of the token may skyrocket to its correct value and drop to low levels. Most of the players and investors are seeing great hope in the listing, but this issue that came recently should make them take cautious steps.
Meanwhile, Hamster Kombat will have to answer the complaints of the community and rebuild confidence when the dust settles if it is to keep its success and appeal over the long haul.
Featured image from Protos, chart from TradingView
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Metalpha (NASDAQ: MATH) začala přijímat vklady v Bitcoinu přes Zeus Network v síti Solana. Partnerství má posílit likviditu a bezpečnost cross-chain transakcí s Bitcoinem.
PANews reported on August 25th that Zeus Network has officially announced a strategic liquidity partnership with Metalpha (NASDAQ: MATH), enabling Bitcoin deposits through APOLLO, the first decentralized application (dApp) on Zeus Network. Metalpha, an institutional asset management firm focused on digital assets, has begun accepting Bitcoin deposits through the Zeus Network on Solana.
As part of this partnership, Metalpha will leverage Zeus Network's permissionless infrastructure as a liquidity provider, supporting network security through decentralized verification. The Metalpha team chose Solana to deploy Bitcoin liquidity because of its high-performance DeFi environment and highly active community. By providing Bitcoin to Zeus Network, Metalpha injects liquidity into Solana and strengthens the security of cross-chain Bitcoin transactions, seeking new avenues for sustainable on-chain yield generation. As Solana becomes a major hub for institutional-grade digital asset innovation, Zeus Network is expanding its ecosystem to ensure that Bitcoin liquidity remains fundamental to DeFi growth. Leveraging Metalpha's expertise in structured financial products and risk management, this partnership is expected to enhance the financial capabilities of the Solana network and Bitcoin as an asset, adding fuel to the already booming DeFi market.
Justin Wang, co-founder and CEO of Zeus Network, said: “With Metalpha joining Zeus Network as a liquidity provider, we can leverage their experience in digital asset management to continue developing more accessible and scalable Bitcoin liquidity solutions for institutional Bitcoin holders.”
TLDR The SEC granted Fuse Crypto a no-action letter, confirming its FUSE token is not a security. Fuse Crypto uses blockchain to reward customers for participating in green energy initiatives like rooftop solar installation. The SEC’s decision highlights a shift toward clearer regulations for crypto tokens under the current administration. Fuse’s argument that its token is not an investment contract aligned with the SEC’s stance, avoiding security classification. The SEC has issued two no-action letters for tokens in recent months, signaling evolving regulatory clarity for the crypto sector. The SEC has granted Fuse Crypto a no-action letter, confirming that its FUSE token is not a security. This marks a key moment in the regulatory landscape for cryptocurrency in the United States. The approval allows Fuse to offer and sell its token without facing enforcement action from the SEC.
SEC’s Position on FUSE Token The SEC’s Division of Corporation Finance issued the no-action letter in response to Fuse Crypto’s request. The company had asked the SEC to confirm that the FUSE token, used for rewarding customers in energy programs, is not a security. The SEC stated that it would not recommend enforcement action based on the representations made in Fuse’s letter.
The SEC clarified that any change in facts or conditions could lead to a different conclusion. This conditional relief underscores the importance of accurate representations when seeking such clarity. Fuse’s token operates within a blockchain framework designed to incentivize sustainable energy practices.
Fuse Crypto operates in the electricity sector, offering products like electric vehicle chargers and solar setups. Through its green energy initiatives, customers earn FUSE tokens for participating in energy-efficient programs. The SEC’s decision highlights the potential for blockchain to intersect with sustainability efforts in the energy sector.
The SEC’s Evolving Stance on Crypto Tokens This decision marks the second no-action letter issued by the SEC in recent months. The first letter was granted to DoubleZero, a DePIN project, for its 2Z token in September. Both rulings are seen as part of a shift toward clearer regulatory guidance on token offerings.
The SEC has been evolving its approach to digital assets under the current administration. The agency has hosted crypto roundtables and launched “Project Crypto” to review rules for the industry. This move signals a more open stance toward crypto businesses seeking regulatory clarity.
As reported by Blockonomi earlier, the SEC’s chair, Paul Atkins, also introduced plans for a “token taxonomy.” This effort aims to better define which cryptocurrencies are considered securities. The Fuse crypto no-action letter may contribute to these discussions by offering further clarification on what constitutes a non-security token.
Fuse Crypto’s Commitment to Green Energy Fuse Crypto focuses on green technology, such as solar panels and smart grid systems, to optimize energy use. The company believes that blockchain can drive innovation in energy systems by providing scalable rewards for sustainable consumption. The FUSE token serves as an incentive for customers to install eco-friendly devices like rooftop solar panels.
The firm explained in its letter that the token is earned based on individual consumption, not investment. Fuse argued that customers do not expect profits from the efforts of Fuse or others, which is key to avoiding classification as a security. This reasoning aligns with the SEC’s stance, which uses the Howey Test to determine securities. Fuse’s blockchain approach aims to solve challenges in modernizing the energy grid.
By rewarding customers for their sustainable actions, Fuse plans to incentivize smarter energy consumption. The FUSE token is part of a larger effort to integrate decentralized energy generation and technology into the grid. This decision from the SEC provides regulatory certainty for Fuse crypto, allowing it to continue expanding its green energy initiatives. It marks a shift toward clearer and more predictable guidance for blockchain-based tokens in the energy sector.
Xai po spuštění XAI tokenu získává první skutečné hry: Laguna Games přesouvá Crypto Unicorns z Polygonu na Xai. Ex Populus zároveň chystá Final Form a LAMOverse.
Xai, the layer-3 gaming network built on Ethereum scaler Arbitrum, kicked off 2024 with a bang, launching its XAI token to early supporters and then announcing that noted NFT game studio Laguna Games will bring Crypto Unicorns and related titles to the network.
So what’s next? More games, of course.
Ex Populus, which co-founder and CEO Tobias Batton described to Decrypt’s GG as the “labs company that serves the Xai Foundation,” is a game studio—and its games are set to be the first out the gate in the coming months as the Xai ecosystem takes shape.
The first, called Final Form, is a card-battler game with NFTs. According to its official website, the game will support NFT cards previously released on Solana via a bridge to Arbitrum. Batton said that the game is “penciled in for April,” but that the ETA could change. He said the game is playable and “moving into a polish phase,” so it can’t be far off.
LAMOverse is the other game from Ex Populus, and it’s a long-in-development online action game with colorful, cartoonish environments. Tied into physical LAMO toys based on gaming influencers like Ninja and Dr. Disrespect, LAMOverse is set to debut sometime after Final Form, and the game studio says it’s likewise playable and nearing a proper launch on Xai.
Batton recounted that Ex Populus spent substantial time seeking an ideal gaming chain for its projects and said that it explored building on other Ethereum scaling networks like Polygon or Immutable X. But, he said, each chain the studio tried had trade-offs that made the team “not enthusiastic” about committing to those ecosystems.
Ultimately, Arbitrum creator Offchain Labs proposed building a custom gaming chain that would suit the needs of Ex Populus while also providing a home for other studios in the future. Thus Xai was born.
In this team-up, Batton said, Ex Populus built the software that powers the Sentry Nodes that early users have purchased to support the Xai network. It also makes games and works in a publisher-like role to help other studios onboard to Xai and get their games in front of players.
That’s the kind of role that Ex Populus will serve for Laguna Games as it migrates its Crypto Unicorns games and associated NFTs from Polygon to Xai this year. And Batton said that he’s seen a “massive influx” of other studios reaching out since the airdrop to get involved with Xai, whether they’re building new games or migrating from existing chains.
In this dual role of game developer and distribution partner, Batton said that Ex Populus is attempting to be the Web3 version of Valve. That gaming powerhouse is known not only for operating the popular Steam PC gaming store, but also developing iconic games like Half-Life, Portal, and Counter-Strike. Fortnite maker Epic Games has charted a similar path.
Ex Populus doesn’t yet have the storied gaming legacy of those long-running giants, of course, but it also faces the immense challenge of trying to convince traditional gamers that user-owned NFT assets and crypto-driven economies are beneficial. And gamers have broadly not been too receptive to such overtures in the past.
What could make that easier is the way that the Xai network abstracts away the complexities of wallet use and asset handling for users who don’t want to get deep into the “crypto” of it all. Your average player doesn’t have to worry about self-custody of NFTs or tokens, plus Xai provides a gas-free experience for players.
“We had this crazy idea that if you remove wallets and remove gas from everything, that you can experience large growth,” Batton explained. “Really, the benefits of blockchain are the ability to trade items and own items—all the stuff we always hear about—but there's a tremendous amount of friction that stands in the way of that.”
There still are wallets, but for traditional gamers, they’re managed in the back end by the Xai team. And if you’d rather bring in your own wallet and self-custody your assets, that option is certainly available for veteran crypto users.
“As a traditional gamer who maybe isn't familiar with crypto or is a little averse to it, these games just seem like a normal game,” said Batton, who added that there would be wallet management features in the settings. “And then you're like, ‘Oh, I have a wallet. I didn't even know it.’ So it sort of breadcrumbs people into this experience in a way that doesn't seem so obtuse.”
our competitors aren't treasure, imx, ronin, or beam.
our competition is nintendo and valve.
decentralized gaming is inevitable.
— XAI (@XAI_GAMES) January 29, 2024
It’s been a busy couple of months for Xai. The Sentry Node sale, which let users invest in supporting the network and receive an allocation of XAI tokens, was a sizable success with about $30 million in sales. And the XAI airdrop that followed certainly made waves, putting over $150 million worth of tokens (at peak value) into users’ wallets.
But as Batton described, the journey dates back to 2022. It’s been a steady rise in prominence and buzz, in his view—and the biggest moves are still yet to come as games start going live on the network.
“It’s a grassroots approach—it didn't happen overnight,” he affirmed. “It took months and months and months of building this hype and this community and excitement.”
“Having Laguna agree to deploy their games is a big deal, because before this news, it was just hype. It's just an empty chain,” Batton added. “But now it's not an empty chain. It's got real games coming.”
Edited by Ryan Ozawa.
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Flare oznámil integraci s TrustSwap a Team Finance, která má vývojářům usnadnit správu tokenů a získávání kapitálu. Prvním projektem bude SparkDEX prostřednictvím IDO tokenu SPRK.
The blockchain for data announced a key partnership with leading launchpad TrustSwap and management platform Team Finance.
Flare, the popular blockchain aimed at improving data efficiency, is announcing an integration with TrustSwap – a leading launchpad, as well as Team Finance, which is a token management platform.
Big Names In The Industry Join Forces According to a press release shared with CryptoPotato, the partnership will bootstrap a new chapter for developers on Flare. They will be able to raise capital, manage token logistics, and even reach new communities through the fundrasing tools provided by TrustSwap.
The first project to launch from the alliance will be the native decentralized exchange (DEX) and DeFi platform on Flare – SparkDEX. This will happen through its anticipated SPRK token IDO (Initial DEX Offering).
SPRK will serve as both the governance and utility token for SparkDEX. The decentralized exchange has seen steady growth this year, climbing from a Total Value Locked (TVL) of $25 million at the beginning of May to over $100M in TVL at the time of writing, as per data from DefiLlama.
Max Luck, the Head of Ecosystem at Flare, had the following to say about the merger:
“We’re thrilled to bring TrustSwap and Team Finance into the Flare ecosystem. By partnering with a trusted platform that has successfully supported over 100 public launches and raised more than $100 million, we’re giving builders and users on Flare access to one of the most reputable token launch infrastructures in Web3.”
The Flare blockchain is a full-stack Layer-1 (L1) solution designed for data-intensive use cases. It is currently the only EVM-compatible chain optimized for creating intelligent decentralized applications (DApps) that integrate DeFi, AI, and traditional finance (TradFi).
The network is supported by two protocols: the State Connector, which enables the use of external blockchain data, and the Flare Time Series Oracle (FTSO), which serves as a source of reliable off-chain data for use on the network.
You may also like: Important Ripple (XRP) Deadline Concerning Many Users Sahara AI Denies Security Issues as Token Price Drops Over 60% DeFi Users Warned to Revoke Approvals Before Anthropic’s Mythos AI Launches TrustSwap is a launchpad that provides DeFi tools for token holders and businesses to buy, trade, create, and secure crypto assets with confidence, boasting the aforementioned track record. At the time of printing, over 30,000 projects are currently utilizing the protocol, and it is now live on the Flare blockchain.
Team Finance is the launch platform’s token management suite, already embedded into SparkDEX, providing a stable backend for tokens on Flare. They also offer self-service minting of tokens, liquidity/token locks, vesting schedules, and multisending for token distribution.
The three-company conglomerate will also receive support from The Crypto App, a known portfolio tracker and news hub for Web3.
Alongside it, liquidity will be provided by the Amplifi Fund, with automated management to support DEX trading volume for future token launches.
Binance vyřazuje z nabídky AERGO, AirSwap (AST), BurgerCities (BURGER), Combo (COMBO) a Linear Finance (LINA). Obchodování skončí 28. března v 03:00 UTC a futures, margin i staking budou ukončeny dříve.
Binance has sparked market discussions with its latest move to delist five tokens from its platform. This has raised market concerns over a potential crash of the tokens in the coming days. According to the announcement, the crypto on the list are AERGO, AirSwap (AST), BurgerCities (BURGER), Combo (COMBO), and Linear Finance (LINA).
Binance To Remove These Cryptocurrencies; Here’s Why Binance recently announced to delist AERGO, AirSwap (AST), BurgerCities (BURGER), Combo (COMBO), and Linear Finance (LINA) from its platform, sparking market concerns. Notably, the leading exchanges often have great influence in the market and any major announcement from them could impact the asset’s prices.
For context, the exchange has recently extended its support for Broccoli and other cryptocurrencies. Following its announcement, all the crypto prices have skyrocketed, reflecting the heavy influence of the exchange. Considering that, the latest delisting announcement could trigger a widespread selloff of the mentioned tokens.
Meanwhile, the crypto exchange said that it often conducts periodic evaluations to ensure compliance with industry standards. Failing to meet the criteria results in the delisting of the tokens. The exchange mentioned several aspects behind its delisting decision like project commitment, trading liquidity, regulatory concerns, and security risks.
A Closer Look Into The Binance Announcement The exchange will halt trading for AERGO, AST, BURGER, COMBO, and LINA starting March 28 at 03:00 UTC. Several key services, including futures contracts, margin trading, and staking options, will be stopped before the official removal date. Notably:
Binance Futures will close all positions and conduct an automatic settlement for AERGOUSDT, COMBOUSDT, and LINAUSDT perpetual contracts on March 27 at 09:00 UTC. Margin Trading for the affected tokens will be disabled from March 26 at 06:00 UTC, with users advised to close positions before liquidation. Deposits of these tokens will not be credited after March 29, and withdrawals will be unsupported after May 27. In addition, the exchange said that it will introduce a Vote to Delist feature, allowing the community to have a say in future delisting decisions. However, the current batch of delisted tokens will not be part of this initiative.
How These Five Tokens Are Performing? AERGO price was down more than 6% to $0.06845 following the Binance announcement, with its trading volume soaring 43% to $30.46 million. On the other hand, AST price plunged about 28% to $0.03375 with its one-day volume rocketing 88% to $5.25 million.
Simultaneously, BURGER price retreated 48% to $0.1127 while COMBO price declined 20%. Linear Finance price also recorded a slump of over 32%, indicating the waning market interest in the tokens.
Granite získala zakázku na rozšíření West Davis Corridor v Utahu za zhruba 116,9 milionu USD. Projekt přidá asi tři míle, devět nových mostů a dva pěší přechody.
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) announced today that it has been awarded the West Davis Corridor (SR-177) expansion project by the Utah Department of Transportation (UDOT). The contract, valued at approximately $116.9 million, will be included in Granite’s second quarter 2026 CAP.
Located in West Point, Utah, the project will:
Extend the recently completed West Davis Corridor by approximately three miles Enhance mobility and connectivity for the northern Davis County area Improve traffic flows in the corridor Project scope includes construction of nine new bridges, two pedestrian crossings, approximately 70,000 tons of asphalt paving, and placement of more than one million cubic yards of borrow material.
“This project represents an important step in continuing the buildout of the West Davis Corridor, improving access and mobility for the growing northern Davis County region,” said Jason Klaumann, Granite Regional Vice President. “It aligns with our core strengths in structures, paving, and materials, and our home market strategy.”
Granite’s Wells Pit will supply 400,000 cubic yards of borrow and 350,000 tons of mechanically stabilized earth (MSE) fill and Granite’s West Haven AC Plant will provide 70,000 tons of Hot Mix Asphalt.
About Granite
Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite civil construction provider. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit the Granite website, graniteconstruction.com, and connect with Granite on LinkedIn, Twitter, Facebook, and Instagram.
