FalconX má koupit 21Shares, jednoho z největších správců digitálních burzovně obchodovaných produktů (ETP). Společnost se zaměří na deriváty a strukturované krypto fondy.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Happy Wednesday! Bitcoin's fall below $100,000 by this weekend "seems inevitable," at least according to Standard Chartered’s Geoffrey Kendrick.
In today's newsletter, crypto prime broker FalconX will acquire 21Shares, MegaETH announced a public MEGA token sale at a $1 million fully diluted valuation, the SEC and CFTC are pushing to get crypto initiatives done before the end of the year, and more.
Meanwhile, institution-focused Layer 1 Kadena is winding down operations.
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Prime broker FalconX to buy 21Shares amid crypto M&A spree: report FalconX, a U.S.-based institutional crypto prime broker, has agreed to acquire 21Shares, one of the largest managers of exchange-traded products for digital assets, The Wall Street Journal reported on Wednesday. 21Shares is known for its broad suite of ETPs and single-asset products, including over $11 billion in assets across bitcoin and ether ETPs and other token-specific and basket offerings in Europe, the U.S., and other jurisdictions. FalconX’s acquisition comes on the heels of the firm's push into institutional derivatives last month, beginning with its 24/7 over-the-counter options platform supporting Bitcoin, Ethereum, Solana, and other tokens. The combined company will focus on derivatives and structured crypto funds, leveraging 21Shares’ distribution and ETP expertise with FalconX’s trading and prime-brokerage infrastructure. MegaETH to offer 5% of its total MEGA supply in English auction at baseline $1 million fully diluted valuation Ethereum scaling solution MegaETH plans to sell 5% of its total token supply in a three-day English auction beginning Oct. 27 using the crypto crowdfunding platform Sonar, which was recently acquired by Coinbase. The project will unlock 500 million tokens for the public sale, initially priced at $0.0001 and gradually scaling to $0.0999 per token as demand increases. Additionally, MegaLabs is instituting a "bimodal allocation" model that ensures core MegaETH supporters will receive tokens if the sale is oversubscribed. Buyers, limited to verified accredited U.S. persons and verified non-U.S. persons, can choose to lock up their allocations for one year to receive a 10% discount, according to an FAQ. Kadena winds down operations, KDA token drops 60% The organization behind the Kadena blockchain is winding down, effective immediately, as it is "no longer able to continue business operations" due to market conditions, the team announced Tuesday. "We are tremendously grateful to everybody who has participated in this journey with us. We regret that because of market conditions, we are unable to continue to promote and support the adoption of this unique decentralized offering," the Kadena team said on X. Kadena’s native KDA token dropped over 59% immediately following the announcement and is currently trading at $0.068, down significantly from an all-time high above $27 in late 2021. The blockchain was created in 2019 by two U.S. Securities and Exchange Commission and JPMorgan alums, Stuart Popejoy and William Martino, with the aim of attracting institutional interest. SEC, CFTC target end-of-year milestones for crypto oversight amid government shutdown The Commodity Futures Trading Commission and Securities and Exchange Commission are pushing to complete their end-of-year crypto goals, particularly priorities set out in a report released by the White House over the summer. These priorities include SEC-enforced safe-harbors for crypto and the establishment of "fit-for-purpose" registration exemptions for securities distributions, while granting the CFTC the authority to "regulate spot markets in non-security digital assets." Additionally, CFTC Acting Chair Pham said the agency is prioritizing crypto trading and "tokenized collateral" by the end of 2025. The move comes as lawmakers in Washington D.C., work to draft and advance market structure legislation that would write rules for crypto at large, including designations for what parts of the industry will fall under CFTC or SEC remit. 'Total land rush': Bitcoin, Solana lead the way with over 150 crypto ETF filings awaiting review There are 155 cryptocurrency-based exchange-traded product filings awaiting SEC review, according to Bloomberg.
As of Oct. 20, this includes 23 products tracking Bitcoin and Solana, 20 tracking XRP, and 16 tracking Ethereum. Although the U.S. government shutdown that began on Oct. 1 has slowed the SEC's review process, experts are optimistic that approval is imminent. Never miss a beat with The Block's daily digest of the most influential events happening across the digital asset ecosystem.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
Kadena okamžitě ukončuje veškerou obchodní činnost i aktivní údržbu blockchainu kvůli nepříznivým tržním podmínkám. KDA a protokol mají pokračovat dál.
The Kadena organization said that it is no longer able to continue business operations and will be “ceasing all business activity” as well as any active maintenance of the Kadena blockchain with immediate effect.
The Kadena organization said they are winding down operations because of market conditions and are unable to continue to promote and support the adoption of this “decentralized offering.”
The organization also mentioned that they have notified staff that they will be ceasing operations. They will be retaining a small team for managing this period of transition and wind-down process.
As clarified in the update, the Kadena blockchain is “not owned or operated by the company.”
As a so-called “decentralized” proof-of-work smart-contract blockchain, the network is said to be “operated by independent miners, while on-chain smart contracts and protocols are governed independently by their maintainers.”
To ensure operational continuity, they will offer a new binary that will aim to enable “uninterrupted operation without their involvement, and will be encouraging all node operators to upgrade as soon as possible.”
As for the KDA token and protocol, it will also “continue in their absence.”
As noted in their latest token economic update, more than 566 million KDA remain to be distributed “as mining rewards, continuing until 2139, while the platform emission has 83.7 million KDA coming out of lockup until November 2029.”
They are now ready to engage with the Kadena community to discuss how they can aid the ongoing transition to “community governance and maintenance.”
Kadena, the first blockchain tech-focused firm to come out of J.P. Morgan’s Blockchain Center for Excellence, had reported in August 2020 that they had performed major updates to their scalable layer-1 public blockchain network.
Kadena’s developers claimed that they had one of the fastest blockchain platforms in the world claiming to be able to process 480,000 transactions per second.
In an interview with CI back in August of 2020, Kadena Co-Founder and President Stuart Popejoy, had explained in detail how the Kadena platform has been developed to support various decentralized applications (dApps) including the DeFi apps.
It’s worth noting that projects like Kadena may have experienced challenges due to increasing competition from many other initiatives that aim to serve similar markets and use-cases. It requires considerable resources to support a blockchain-based ecosystem and may not be sustainable like the case seems to be with Kadena. As the crypto ecosystem matures, there could be many other projects announcing their intentions to close down operations. There will most likely also be many mergers, acquisitions, and other ways the industry could become more consolidate moving forward.
IoTeX uvedl, že po útoku na ioTube je přes 86 % CIOTX zamčeno nebo zmrazeno a jen 0,4 % zůstává v ohrožení. Útočníci odcizili 410 milionů CIOTX a asi 4,4 milionu USD v aktivech.
PANews reported on February 23 that the IoTeX team tweeted that on February 21, they discovered an attack on the Ethereum side of their multi-chain bridge ioTube. The attackers stole 410 million CIOTX tokens and approximately $4.4 million in assets through four steps. Currently, over 86% of the CIOTX has been locked or frozen, 12.8% (52.4 million CIOTX) is being frozen in cooperation with Binance and other platforms, and only 0.4% (1.7 million CIOTX) remains at risk after being exchanged on DEXs. Regarding the bridge's reserve funds, the attackers exchanged the stolen reserve tokens (including USDC, USDT, WBTC, WETH, and other assets) for approximately 2,183 ETH . Of this, 1,572 ETH has been transferred to the Bitcoin network via THORChain.
The IoTeX team has taken emergency measures, including distributing patch fixes, freezing related addresses, and working with exchanges to freeze funds. The ioTube bridge service will be restored after an independent security audit, along with a compensation plan and security upgrades. The team is committed to ensuring the safety of community assets and will release a more detailed compensation plan and hold a community AMA within the next 48 hours.
Previously reported, IoTeX suffered a loss of approximately $2 million in assets and is expected to be operational within 48 hours . Upbit has added IoTeX (IOTX) to its transaction alert list .
IoTeX nabízí hackerovi 10% odměnu, tedy asi 440 000 USD, pokud do 48 hodin vrátí zhruba 4,4 milionu USD získaných při exploitu bridge ioTube. Firma tvrdí, že její Layer 1 zasažen nebyl.
Updated Feb 23, 2026, 11:23 p.m. Published Feb 23, 2026, 9:18 p.m.
4 min read
Nearly $400 million was lost to crypto exploits in January 2026 alone, according to industry estimates. (Photo by Joshua Michaels on Unsplash/Modified by CoinDesk)Summary
IoTeX is offering a 10% white-hat bounty, about $440,000, and a promise not to pursue legal action if hackers return roughly $4.4 million stolen from its ioTube cross-chain bridge within 48 hours.The Feb. 21 exploit stemmed from a compromised validator owner private key on the Ethereum side of the ioTube bridge, which IoTeX and outside experts describe as an operational security failure rather than a flaw in the Layer 1 blockchain or its smart contracts.IoTeX traced the stolen funds across chains, identified bitcoin addresses holding about 66.6 BTC, and is rolling out a mainnet upgrade with a default blacklist of malicious addresses, but experts warn that assets already swapped and bridged may be difficult or unlikely to recover.IoTeX, a blockchain project focused on Internet-of-Things devices, offered a 10% white-hat bounty to the hacker or hackers who exploited a private key on its cross-chain bridge ioTube, siphoning millions of dollars, in exchange for the voluntary return of funds within 48 hours.
With this move, IoTeX is offering the $440,000 if the malicious actor or actors return roughly $4.4 million they stole, according to an IoTeX X post, to which IoTeX co-founder and CEO Raullen Chai pointed “as a source of truth” on Monday.
A number of crypto projects have offered similar 10% bounties to hackers after being breached. Hackers sometime return funds in exchange for this bounty.
Chai told CoinDesk that the team sent an onchain message offering not to pursue legal action or share identifying information with law enforcement if the remaining funds are returned.
“This is regarding the ioTube bridge exploit on Feb. 21, 2026,” Chai said in the message. “All fund movements across Ethereum, IoTeX, and bitcoin have been fully traced.”
The message states that exchange deposits have been flagged and frozen and offers a 10% bounty for the return of remaining funds.
Chai also said IoTeX is rolling out a new chain version, Mainnet v2.3.4, requiring node operators to upgrade. The update includes a default blacklist of malicious externally owned account (EOA) addresses.
“This blacklist contains a list of malicious or problematic EOA addresses that will be filtered by the node,” Chai said.
The offer comes after a Feb. 21 exploit in which a compromised validator owner private key enabled unauthorized control over ioTube’s bridge contracts.
IoTeX said the incident is “under control,” saying that its Layer 1 blockchain was not affected and that the breach was isolated to the Ethereum-side infrastructure of the bridge.
The IOTX token fell roughly 22% following the exploit, dropping from $0.0054 to below $0.0042 before partially rebounding.
Cross-chain bridges have been one of crypto’s main failure points, with several high-profile exploits in recent years. According to industry reports, more than $3.2 billion has been lost due to cross-chain bridge hacks, making them a prime target for advanced threat actors.
Responsibility and key controlIoTeX framed the exploit as an operational issue specific to the bridge rather than a failure of its Layer 1 network.
“IoTube is IoTeX’s own cross-chain bridge built and maintained by their team,” Nick Motz, CEO of ORQO Group and CIO of Soil, told CoinDesk. “The breach came down to a compromised validator owner private key on the Ethereum side, which is fundamentally an operational security failure, not a smart contract vulnerability discovered by an outside actor.”
Motz agreed that IoTeX’s Layer 1 was not compromised but said user funds were entrusted specifically to the bridge.
“When you build and operate the bridge infrastructure and the key management is what fails, it’s difficult to separate yourself from that outcome,” he said.
Nanak Nihal Khalsa, co-founder of human.tech, said responsibility in crypto often comes down to key custody.
“Yes, whoever holds the private key is responsible for securing it,” Khalsa said. “Is that a reasonable responsibility? It’s hard to say. But that’s how the industry works right now.”
He added that liability norms remain unsettled compared to traditional finance and called for stronger wallet and multisig setups to reduce similar risks.
The estimates divergeOn-chain analysis by security firm PeckShield estimated more than $8 million worth of assets were affected, saying the attacker swapped funds into ether (ETH) and began bridging them to bitcoin BTC$61,650.42 via THORChain.
“The hacker has swapped the stolen funds to $ETH and has started bridging them to #BTC via #Thorchain,” the firm wrote.
Another onchain investigator, Specter, said on X that “the private key of @iotex_io may have been compromised,” resulting in an estimated $4.3 million loss.
“Once assets are routed through THORChain […] recovery becomes extremely difficult,” Motz said.
IoTeX said it has identified four bitcoin addresses holding 66.78 BTC worth roughly $4.3 million at current prices and that the addresses are being monitored in cooperation with exchanges.
A CoinDesk review of those addresses on Feb. 23 confirmed they held roughly 66.6 BTC.
IoTeX did not immediately respond to CoinDesk’s request for comment.
“Containment is not the same as recovery,” he added. “The assets with actual market value were swapped and bridged. Those are, in my assessment, unlikely to be recovered.”
Khalsa similarly cautioned that recovery prospects are uncertain. “It’s hard to predict how much, if any, can be recovered,” he said.
IoTeX revised its figure upward to approximately $4.3 million, reflecting the direct asset drain but excluding minted tokens. Motz said broader estimates may better capture the severity of the breach.
“Private key compromise rather than smart contract bugs is emerging as a dominant attack vector,” Motz said, noting that such incidents target operational security rather than audited code.
Before offering the 10% bounty, IoTeX said a compensation plan would be in place within the next 48 hours.
UPDATE (Feb. 23, 2026, 23:21 UTC): Adds context on bounties offered after hacks.
VVS Finance spustila funkci Auto Harvest pro Crypto.com Prepaid Card, která denně převádí odměny z yield farmingu po dosažení minima 6 USD do USDC nebo místní fiat měny a posílá je na kartu. Ruční claimy zůstávají bez poplatku.
VVS Finance today rolled out Auto Harvest—a game‑changer for anyone who’s been farming yield on Cronos and wondering how to spend those rewards without jumping through hoops. If you hold a Crypto.com Prepaid Card, you can now set things on autopilot: your VVS farming rewards (once they hit a $6 minimum) get swept up every day, converted into USDC (or your local fiat equivalent), and dropped straight onto your card.
No more manually harvesting, swapping tokens, or waiting for transfers to clear. It all happens behind the scenes, so you can wake up to a little extra spending power: coffee, groceries, whatever you like. And if you ever want to grab your rewards yourself, you still can—manual claims are fee‑free.
Esther Wong from Crypto.com puts it simply: “The Crypto.com Prepaid Card is a vital bridge between the fiat and crypto worlds and a stepping stone to participating in decentralized finance. The launch of Auto Harvest reinforces this by allowing VVS Finance users to automatically claim their yield farming rewards and seamlessly use them to enable spending on everyday goods and services.”
Cronos Labs’ Mirko Zhao is just as excited: “VVS Finance’s Auto Harvest feature shows that what happens on Cronos chain doesn’t have to stay on Cronos chain. Its native integration with Crypto.com Prepaid Card gives Cronos users the freedom to claim their yield farming rewards and decide where to utilize them – for other DeFi purposes onchain, or to cash them out to their prepaid card.”
And from VVS Finance’s side, Product Lead Yotei calls Auto Harvest a breakthrough. Yotei said, “The launch of Auto Harvest seamlessly connects DeFi and CeFi, making it easy for VVS users to claim rewards and immediately allocate them for everyday spending. It’s a breakthrough in making decentralized finance accessible to mainstream users, who can seamlessly claim their rewards and convert tokens with zero friction.”
Seamless Off‑Ramp This isn’t just a nice convenience feature. It shows how quickly DeFi tools are evolving to meet regular people’s needs, not just hardcore traders. VVS Finance has built a broad DeFi hub on Cronos—trading, staking, perpetuals, you name it—and now, with Auto Harvest, it’s easier than ever to turn yield farming into real‑world buying power.
Cronos itself is on the rise: three blockchains (EVM, POS, zkEVM), 500+ apps, over 100 million potential users, and more than $6 billion locked in assets. Since 2021, it’s handled 100 million transactions, and its accelerator, Cronos Labs, has seeded projects with $100 million to spur growth in DeFi and gaming.
Crypto.com, the home of the prepaid card, is no slouch either—six‑year‑old, 140 million customers, and a reputation for nailing security and compliance. Their mantra, “Cryptocurrency in Every Wallet,” feels a lot more attainable now that your yield farming earnings can be spent as easily as your paycheck. In short: if you’ve been farming VVS tokens and keeping your eye on the prize, Auto Harvest just made that prize a lot more tangible—and a lot closer to your next latte.
AUTHOR
Mushumir Butt is a seasoned crypto journalist with over three years of experience reporting on the world of blockchain and cryptocurrency. At Blockchain Reporter, he delivers insightful news, in‐depth project reviews, and precise price analysis and predictions. With a strong background in SEO and digital marketing, Mushumir excels at breaking down complex trends into clear, accessible content, ensuring readers stay ahead in the fast‐paced crypto space.
Filipínská SEC varuje před dYdX a šesti dalšími kryptoplatformami bez registrace či povolení k nabízení investic v zemi. Upozorňuje i na možné trestní postihy pro jejich propagátory.
The Philippine Securities and Exchange Commission (SEC) has issued a public investor alert warning Filipinos not to invest in dYdX and six other crypto trading platforms, saying they are not registered or authorized to solicit investments in the country.
In a Facebook post on Tuesday, the SEC named dYdX, Aevo, gTrade, Pacifica, Orderly, Deriv and Ostium, stating that based on its findings, the platforms appear to be offering investments to the public in exchange for promised returns, profits or interest.
The regulator said none of the listed entities are registered with the Commission or hold the required authorization under its crypto-asset service provider (CASP) framework, which requires firms offering crypto-related services in the Philippines to obtain licenses and meet capital and operational requirements.
The SEC also warned that individuals promoting any of the listed platforms in the Philippines may face criminal liability under the Securities Regulation Code. Under Sections 28 and 73 of the law, violators could be fined up to 5 million Philippine pesos (about $89,000) or imprisoned for up to 21 years, or both.
The advisory highlights a broader shift toward stricter enforcement in the Philippines, where regulators have increasingly moved from warnings to access restrictions. On Dec. 24, 2025, Philippine regulators blocked Coinbase and Gemini as part of their broader crackdown on unlicensed CASPs.
Philippine SEC advisory against dYdX. Source: Philippine SEC
Broader crackdown on unlicensed crypto operatorsThe latest advisory comes as Philippine regulators continue to step up enforcement against crypto platforms operating without local authorization.
In 2024, authorities moved to block access to Binance after a compliance deadline expired, with regulators also directing app stores to remove the trading platform’s app from users’ devices in the country.
The crackdown has since expanded to include other major platforms. In August 2025, the SEC issued an advisory naming 10 exchanges, including OKX, Bybit, KuCoin and Kraken, for offering crypto services without registration, warning that their activities exposed Filipino investors to risks.
While regulators have targeted unlicensed operators, compliant firms have continued rolling out crypto products. In 2025, PDAX partnered with Toku to enable stablecoin salary payouts, while digital bank GoTyme launched crypto services with Alpaca, allowing users to buy and hold digital assets within its app.
Magazine: Telegram avoids Philippines ban, yen carry trade going onchain: Asia Express
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Micron oznámil 16 zákazníků s 22 miliardami USD v zálohách v hotovosti a pětiletými take-or-pay kontrakty, což zvedlo akcie a zastavilo výprodej čipů. Firma zároveň uvedla, že napjatá nabídka potrvá i po roce 2027.
Tuesday’s Sellers Have a Problem Now Tuesday’s 13% decline and Wednesday’s follow-through looked like the start of a real reassessment of chip valuations. Then Micron reported after the close and the after-hours move erased the entire two-day selloff and put the stock above the June 22 high. Every fund that sold chips Tuesday is staring at a gap higher Thursday morning with a decision to make.
The question driving the selloff was whether AI spending was getting ahead of itself. Micron’s CEO Sanjay Mehrotra’s answer was sixteen customers putting down $22 billion in cash deposits and locking into five-year take-or-pay contracts with pricing floors. Data center, consumer electronics, automotive buyers, all fighting for the same allocation. The remaining obligations tied to those deals run to roughly $100 billion. That is not a forecast number. That is revenue on the books.
Qualcomm muddied it slightly. The company said this week its new AI chips are designed to run with less expensive memory, and if competing architectures reduce the premium on high-bandwidth memory over time, Micron’s margins face a question that is not going away. Mehrotra pointed back at the contracts. Buyers are locking in at current pricing because they do not believe alternatives show up at scale, and the way I see it, $22 billion in cash deposits is a stronger argument than a product announcement from a competitor.
The stock tripled in 2026 on the AI trade before this week’s selloff. Now it has $100 billion in contracted obligations underneath. Micron is the only U.S. company producing the high-bandwidth memory that runs alongside Nvidia’s processors in AI servers, and CEO Mehrotra said supply stays tight past 2027. New fabs take years to build. Every major AI buyer just committed in writing. The bears need to explain what changes that picture and they do not have an answer yet.
My Neighbor Alice spouští $ALICE airdropovou akci s odměnami v hodnotě 25 tisíc dolarů před startem Beta Season 2. První ze tří vln začne 16. září a potrvá devět týdnů.
There will be an airdrop offering participants $25K in $ALICE tokens along with additional incentives. The three waves of the $ALICE Airdrop Party will begin on September 16 and last for a total of nine weeks. The first airdrop campaign and the new season campaign have been announced by multiplayer builder game that was formerly the year’s top project on Binance My Neighbor Alice. Prior to Beta Season 2, which is scheduled to begin on September 24, there will be an airdrop offering participants $25K in $ALICE tokens along with additional incentives.
My Neighbor Alice has launched a rewards board in honor of the next beta season, which offers chances to interact with other users and get rewards for participating in quests. $ALICE Airdrop Party, the first rewards campaign to be launched, commemorates the start of the new beta season.
The three waves of the $ALICE Airdrop Party will begin on September 16 and last for a total of nine weeks. Players have a variety of in-game and off-game missions to complete during the campaign. Participants will get unique access to live events and limited edition NFTs in addition to sharing $25K worth of ALICE tokens.
There are several campaigns planned, the first of which is the $ALICE Airdrop Party. The Rewards board acts as a dashboard for tracking individual achievements and determining rewards. Campaigns give the most devoted members of the community something back and provide another reason to play My Neighbor Alice.
Riccardo Sibani, Chief Product Officer at My Neighbor Alice, said: “
Since launching three years ago, we’ve been constantly developing My Neighbor Alice to enhance gameplay, fully decentralize, and provide fun ways for players to share their progress and unlock additional rewards. The $ALICE Airdrop Party provides a taster of what’s to come in Beta Season 2, during which players will be treated to a host of new features and in-game experiences.”
With additional crafting stations, objectives, and levels to explore, Beta Season 2 will improve the gameplay immensely. In addition to freely exchanging goods and resources via the P2P marketplace, players may gather unique emotes and use them to enhance their social interactions inside the game.
One of the upcoming features that is now being developed is the capacity to invite other gamers to collaborate inside the same land plot. Additionally, a decentralized NFT bridge that enables in-game ERC721 token trading as well as the release of a User-Generated Content Tool that will enable content producers to create in-game content are planned.
An engineering graduate who is passionate about writing and loves the very existence of crypto. Trading forex currency keeps me busy when I am not writing and analysing the crypto world.
My Neighbor Alice se po spuštění mainnetu Chromia stává první plně on-chain a decentralizovanou hrou bez centrálních serverů. Nová beta sezóna má odstartovat 24. září.
Chromia successfully launched its mainnet in July, which was a major turning point in the development of blockchain technology. With its introduction on the Chromia Mainnet, My Neighbor Alice will become the first entirely on-chain game. This breakthrough paves the way for an exciting new chapter in the game’s history. The new beta season of My Neighbor Alice, which is set to launch on September 24th, has been revealed by the Binance Project of the year 2021. It will be the first to run on the Chromia Mainnet, giving players an even more dependable and scalable gaming experience. Additionally, it will be the first completely decentralized and on-chain game ever.
A Journey to Mainnet: Development Process and Blockchain Integration The early Alpha Seasons of My Neighbor Alice served as a milestone in the route to Mainnet launch, focusing on making sure the blockchain infrastructure and underlying technologies are fully functioning, scalable, and decentralized. The blockchain needed to be stress-tested in these early phases to make sure it could manage a large number of transactions and yet provide a seamless gaming experience.
Incorporating suggestions from the core community throughout this round of the “Road to Decentralization” allowed My Neighbor Alice to create a more improved game while maintaining the stability and security of the blockchain.
Mainnet and its Impact on My Neighbor Alice My Neighbor Alice is making a significant advancement in their ongoing journey with the launch of the mainnet. On Chromia, the game is now completely decentralized. Thus, becoming the first game without centralized servers that hosts all game logic on-chain. This is a major advancement for Web3 gaming, demonstrating what is feasible and establishing a new benchmark for the sector.
Riccardo Sibani, Chief Product Officer at My Neighbor Alice stated:
“We built, delivered, and are moving forward, continuing to improve both the game and the technology behind it.”
This move guarantees that the game now runs on a very reliable and secure blockchain, even if it is still in the Beta stage and is still testing new features.
The Chromia blockchain not only hosts all data on-chain and makes My Neighbor Alice the first fully decentralized game, but it also provides developers and gamers with additional features like gasless transactions, advanced querying, and giving each dapp its own chain to ensure scalable and quick transactions.
“We are thrilled to see My Neighbor Alice launch on mainnet, and push the boundaries of Web3 gaming. They have been building both the game and community for a long time and we are excited to see how the game will evolve on mainnet” says Chromia co-founder Henrik Hjelte.
A crypto enthusiast. Loves to write. Gives full dedication to every task assigned. Specializes in delivering on tight deadlines. An animal lover, especially dogs.
Pudgy Penguins se integrují do My Neighbor Alice a držitelé NFT získají exkluzivní oblast Pudgy Land ve Snowflake Wilds. Hráči tam budou moci questovat, craftit a propojovat své NFT přímo ve hře.
The multiplayer game is creating a new winter wonderland zone for everyone and a private enclave for owners of the popular NFTs.
Pudgy Penguins are getting their metaverse on again.
Not satisfied with staying confined to their own Pudgy World metaverse, Pudgy Penguins are expanding into a new virtual world, according to a press release shared with The Defiant. The beloved NFT brand is integrating with My Neighbor Alice, a web3 multiplayer game, as part of a broader partnership.
A core part of the partnership is a special zone in the game built for Pudgy Penguin NFT collection holders. My Neighbor Alice will feature a special Pudgy Land region in its new Snowflake Wilds, “a frosty, feel-good winter wonderland” area of the game.
While Snowflake Wilds are open to everyone, Pudgy Land is exclusively for owners of Pudgy Penguin NFTs, including Lil Pudgys and Pudgy Rod collection holders. Pudgy Land is a part of the game “where the community can hang out, quest, craft, and connect,” according to the press release.
Holders of Pudgy Penguins and Lil Pudgys will enter the game with their NFT as an egg that hatches to become their specific NFT. Holders of Pudgy Rods, which are fishing rods created to accompany each Pudgy Penguin NFT, will be able to equip them with custom fishing rod skins and use them to catch special fish.
“With this partnership we're pushing the envelope when it comes to interoperability,” said Steve Haßenpflug, vice president of games at ChromaWay and My Neighbor Alice in a statement, continuing:
“Now, Pudgy holders can see their own unique NFTs come to life in-game, interact with the world, enjoy exclusive gameplay and even create new experiences for others. That’s the power of connected ecosystems and a big step towards the open metaverse.”My Neighbor Alice is built on the Chromia blockchain, where players can own, trade and sell virtual asset NFTs. Pudgy Penguins NFT collections are based on Ethereum.
Penguins EverywhereThe Pudgy Penguin brand’s own Pudgy World metaverse, built on ZKSync, is currently in closed beta but promises to launch “soon.”
December’s launch of the project’s Solana-based PENGU token via airdrop was controversial, and characterized by high volatility for both the token and the NFT collection, with Pudgy Penguins’ floor price spiking as high as 25 ETH as the launch approached. It is currently 9.24 ETH, according to NFTPriceFloor.
Last month, Pudgy Penguins waddled over to the TON blockchain, allowing 1 billion-plus Telegram users to play Pengu Clash, a multiplayer skill game with mini-games like darts, football and bomber with token-based incentives, tournament rules, unlockable gear, accessories and team cosmetics, according to Pudgy Penguins. It is “pay-to-win” free, the company said in a release.
Also in May, Pudgy Penguins revealed that it was expanding its off-chain activities beyond physical plushies to publishing a children’s book with Random House titled “The Worst Birthday Present Ever.”
NFT prices have dropped dramatically since the airdrop high, which lasted through January, but could be going up if the Securities and Exchange Commission green-lights Canary Capital’s proposed Pudgy Penguin ETF, which will hold PENGU tokens as well as up to 15% of its assets in Pudgy Penguin NFTs.
PENGU is up about 2% on the day and 16% on the week, according to The Defiant’s price data.
Elliptic uvedl, že Lazarus Group po hacku Bybit vyprala přes eXch ukradené prostředky za více než 75 milionů USD. eXch přesto odmítla transakce blokovat.
The Lazarus Group has laundered stolen crypto from last week’s record-shattering Bybit hack through the exchange eXch, according to the blockchain research firm Elliptic.
Hackers looted nearly $1.5 billion worth of Ethereum (ETH) and Lido Staked Ether (stETH) from Bybit on Friday.
[adinserter block="1"]
The attack represented the largest crypto hack ever and possibly the biggest heist in world history.
Elliptic, pseudonymous on-chain investigator ZachXBT and other researchers have pinned the exploit on the Lazarus Group, a prolific North Korean cybercriminal outfit known for numerous high-profile hacks on major crypto platforms.
In a new analysis, Elliptic notes that Lazarus’ money-laundering process typically follows the same steps. First, the group exchanges any stolen tokens for a native blockchain asset like Ethereum, because ETH can’t be frozen by a central authority.
Source: Elliptic Subsequently, the cybercriminal outfit “layers” the stolen funds through multiple wallets, exchanges, cross-chain bridges and crypto mixers to obfuscate the transaction trail.
Elliptic says that Lazarus is currently in the middle of the second step.
“Within two hours of the theft, the stolen funds were sent to 50 different wallets, each holding approximately 10,000 ETH. These are now being systematically emptied – as of 1pm UTC on February 24, 14.5% of the stolen assets (now worth $195 million) have been moved from these wallets.
Once moved out of these wallets, the funds are being laundered through various services, including DEXs (decentralized exchanges), cross-chain bridges and centralized exchanges.
However, one service has emerged as a major and willing facilitator of this laundering. eXch is a cryptocurrency exchange, notable for allowing its users to swap cryptoassets anonymously. This has led them to being used to exchange hundreds of millions of dollars in crypto assets derived from criminal activity, including multiple thefts perpetrated by North Korea. Despite attempting to conceal this activity, our analysis shows that since the hack, crypto assets stolen from Bybit worth over $75 million have been exchanged using eXch. Despite direct requests from Bybit, eXch has refused to block this activity.”
Over the weekend, eXch took to the BitcoinTalk forum to deny claims it was laundering crypto for Lazarus, though it did cop to processing an “insignificant” portion of the stolen Bybit funds.
“1. eXch is NOT laundering money for Lazarus/DPRK (North Korea).
2. The insignificant portion of funds from the ByBit hack eventually entered our address 0xf1da173228fcf015f43f3ea15abbb51f0d8f1123 which was an isolated case and the only part processed by our exchange, fees from which we will be donated for the public good.
3. Any claims by ZachXBT and others on Twitter regarding transactions not related to 0xf1da173228fcf015f43f3ea15abbb51f0d8f1123 that are falsely attributed to eXch are a targeted FUD attack on our exchange.”
Bybit CEO Ben Zhou says the firm has restored a 1:1 backing on all client assets after the record-setting hack, and the Dubai-based exchange announced a full restoration of services on Saturday.
In a positive development for the crypto community, the individual responsible for the GMX exploit accepted the platform’s bounty and returned over $40 million worth of assets stolen from the project.
Crypto Hacker Takes $42 Million From GMX On Friday, the recent GMX V1 exploit ended on a happy note after the individual responsible for the incident turned into a white-hat hacker. Perpetual and spot crypto exchange GMX lost over $40 million on Wednesday when an attacker exploited a vulnerability in the protocol’s first version on Arbitrum.
According to online reports, GMX V1’s vault contract had a vulnerability that allowed the attacker to manipulate the GLP token price through the system’s calculations.
Blockchain security firm SlowMist explained that “The root cause of this attack stems from GMX v1’s design flaw, where short position operations immediately update the global short average prices (globalShortAveragePrices), which directly impacts the calculation of Assets Under Management (AUM), thereby allowing manipulation of GLP token pricing.”
Through a reentrancy attack, they successfully established massive short positions to manipulate the global average prices, artificially inflating GLP prices within a single transaction and profiting through redemption operations.
As a result, approximately $42 million worth of assets, including Legacy Frax Dollar (FRAX), wrapped bitcoin (WBTC), wrapped ETH (WETH), and other tokens, were transferred from the GLP pool to an unknown wallet.
The perpetual crypto exchange halted GMX V1’s trading and GLP’s minting and redeeming on both Arbitrum and Avalanche to prevent another attack and protect users’ funds. However, they clarified that the exploit was limited to GMX’s V1 and its GLP pool. GMX V2, its markets, or liquidity pools, and the GMX token were not affected and remained safe.
White-Hat Claims $5 Million Bounty Following the incident, GMX sent a message on-chain and on X offering a $5 million white-hat bounty to the attacker, claiming that their abilities were “evident to anyone looking into the exploit transactions.”
GMX’s team noted that returning the funds within the next 48 hours and accepting the bounty would allow the hacker to “spend the funds freely,” instead of taking additional risks to access them. They also vowed not to pursue any legal action and to assist the exploiter in providing proof of source for the funds if it is ever required.
Today, the exploiter responded in an on-chain message, accepting the bounty and starting the return process. As Lookonchain reported, they initially returned $10.49 million worth of FRAX on Friday morning.
GMX exploiter accepts white-hat bounty. Source: Lookonchain on X Meanwhile, another $32 million worth of assets had been swapped into 11,700 ETH, which are now valued at $35 million after the King of Altcoins’ price jumped to the $2,990 mark.
In the following hours, the hacker returned 10,000 ETH, worth $30 million, keeping only 1,700 ETH, valued at $5.2 million, as the bounty.
GMX later confirmed that the funds have now been safely returned and thanked the white-hat hacker for their actions, ultimately giving a positive turn to the incident.
Lastly, they informed users that “contributors are working on a proposed distribution plan for presentation to the GMX DAO and will share more information shortly.”
GMX token trades at $13.24 in the one-week chart. Source: GMXUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com
Zakladatel Mochi Finance Azeem Ahmed prodal 550 285 CVX za zhruba 946 000 USD, což poslalo CVX dolů o více než 10 %. On-chain vyšetřování zároveň tvrdí, že v DeFi bylo odkloněno přes 8 milionů USD a celkové ztráty přesahují 54 milionů USD.
Mochi founder Azeem Ahmed sold 550K CVX from a Curve-linked stash as on-chain probes allege over $8M in diverted rewards and $54M in DeFi losses.
Summary
Mochi Finance founder Azeem Ahmed sold about 550,285 CVX for roughly $946,000, pushing the token down more than 10%. The CVX stack traces back to a 2021 Curve pool drain that left liquidity providers with an estimated $54 million in losses. Ahmed now faces years of on-chain fraud allegations spanning at least four DeFi projects, with diverted rewards and liquidity drains topping $8 million. Azeem Ahmed, founder of Mochi Finance and GaiaDAO, has sold approximately 550,285 Convex Finance (CVX) tokens from wallets linked to a 2021 Curve Finance drain, netting around $946,000 and triggering a double‑digit intraday slide in CVX’s price. On March 19, the tokens were liquidated at an average price of about $1.72, sending CVX from roughly $1.88 to $1.68, a drop of more than 10% according to on-chain data reviewed by Crypto Daily. The proceeds were routed to a multisig associated with the Mochi protocol, which held about $864,858 in assets after the sale, while another 500,000 CVX remain locked on Convex Finance.
The CVX position itself originates from Mochi’s controversial November 2021 move to mint its USDM stablecoin against MOCHI and drain roughly $46 million in DAI-equivalent liquidity from the USDM/3CRV pool on Curve. At the time, Mochi used 10 billion MOCHI tokens—assigned a hard‑coded oracle price despite near‑zero market value—to mint 46 million USDM, convert the proceeds into 9,876 ETH, and purchase about 1,050,285 CVX, which were then locked on Convex Finance, according to certified crypto‑trace reports by forensics firm IFW Global. Curve’s Emergency DAO responded by killing Mochi’s gauge and blocking further emissions after characterizing the maneuver as a “clear governance attack,” a clash that became part of the broader “Curve Wars” over CVX and CRV voting power and emissions.
From “peg rebalancing” to diverted rewards In the aftermath, Ahmed re-emerged through GaiaDAO with a Peg Rebalancing Module (PBM) pitched as a mechanism to distribute CVX staking rewards from the locked position to USDM holders and gradually restore the stablecoin’s peg. The PBM charged a 2% management fee and 20% performance fee payable to Ahmed, but according to Curve governance forum records, he unilaterally hiked the performance fee to 50% before community backlash forced him to reverse the change. By November 2025, reward distributions from the 1,050,285 vlCVX position had stopped entirely, and on-chain data indicates those rewards were rerouted to a wallet that also acts as a signer on the CVX multisig, with the value of diverted staking rewards alone estimated at more than $1.6 million.
Beyond staking flows, investigators allege that about 2,198 ETH—worth roughly $6.67 million at the time—and $471,429 in USDC were drained from Mochi/ETH liquidity pools and never returned to depositors, while airdrops from protocols including Prisma, CNC, VELO, LFT, and YB reportedly remained unclaimed or undistributed. Aggregate investor losses tied to the Mochi ecosystem and its associated pools are now estimated at over $54 million, according to IFW Global’s certified reports.
A pattern of disputes and legal risk Ahmed’s track record stretches back to at least 2020 and spans Yieldfarming.insure (SAFE), Armor.fi, Mochi Finance, and GaiaDAO, with repeated accusations of misappropriating community funds. During the original Mochi‑Curve confrontation, Curve alleged that Mochi’s strategy amounted to a governance attack, while Ahmed insisted in an interview with Crypto Briefing that the team had simply taken a “bold approach to gaining voting power in the DAO” and argued that the “DeFi Cartel … feels threatened that a small player on the outskirts” could challenge incumbents. Robert Forster, Ahmed’s former co‑founder at Armor.fi, later accused him publicly of stealing “millions in LP tokens,” a charge Ahmed denied by claiming the funds were “returned in full” and counter‑alleging that Forster had taken money for personal use.
Legal pressure has also followed the on‑chain drama into courts. A prior lawsuit by an Armor.fi user in San Francisco Superior Court (Chen v. Ahmed, Case No. CGC‑21‑589609) ended in an out‑of‑court settlement after a temporary restraining order application, according to filings referenced in IFW Global’s reports. Attorneys now point to potential U.S. claims spanning securities fraud under Section 10(b), racketeering (RICO), common‑law fraud, conversion, and unjust enrichment, and affected investors have been directed to file complaints with the Securities and Exchange Commission, Commodity Futures Trading Commission, and the FBI’s IC3 portal.
What Ahmed’s latest sale means for CVX and DeFi Ahmed’s March 19 liquidation is the most aggressive on-chain move from Mochi‑linked wallets since the 2021 Curve incident and is being read by many affected investors as confirmation that the locked CVX will be used for exit liquidity rather than restitution. With roughly 500,000 CVX still locked on Convex Finance and controlled via the same governance structure, any further sales could become major liquidity events for CVX and reignite questions over how DeFi protocols respond when governance power is acquired through exploits rather than open‑market buying. Ahmed, described in IFW documentation as a UK citizen, has not publicly responded to the latest allegations, and his social media profiles have been inactive for months.
Dlouholetý vývojář Bitcoinu Paul Sztorc navrhuje hard fork eCash na výšce bloku 964 000 v srpnu 2026, který by držitelům BTC přidělil ekvivalentní tokeny. Plán ale vyvolal odpor kvůli přesunu mincí spojených se Satoshi Nakamotem.
Long-time Bitcoin developer proposes a Bitcoin hard fork. (geraldfriedrich2/Pixabay)Summary
Paul Sztorc proposes a 2026 hard fork of Bitcoin called eCash, giving BTC holders equivalent tokens and adding Drivechains. A hard fork splits a blockchain into a new network with shared history but different rules, like Bitcoin Cash in 2017. The plan is controversial for reallocating coins tied to Satoshi Nakamoto, which critics call unethical and risky.Long-time Bitcoin developer Paul Sztorc has been trying to overhaul Bitcoin's architecture since 2015, but the broader community hasn’t budged.
So now he has proposed a dramatic step, called eCash hardfork, that involves copying Bitcoin's code to launch a separate version in August, while giving existing bitcoin holders equivalent tokens in the new network for free.
The community, however, is criticizing the funding part, which involves reassigning coins linked to Bitcoin’s missing founder, Satoshi Nakamoto.
Think of a hard fork like a railway line splitting into two. Trains start from the same station, but at some point the line splits, helping trains reach completely different destinations.
When a group of developers cannot reach consensus on a proposed change to Bitcoin’s code, they copy the existing blockchain and launch it as a separate chain, which shares Bitcoin’s entire history up to the point of the split, but diverges after the split, moving forward with its own rules, features, token and direction.
That's precisely what happened in 2017 when the debate over Bitcoin's block size reached a tipping point, culminating in a chain split and the creation of the Bitcoin Cash blockchain with its native token, BCH.
The technical dispute centered on Bitcoin's 1MB block size limit, which caps the number of transactions that can be processed every 10 minutes when new blocks are added to the blockchain. Hence, some favoured increasing the block size, but the community remained divided, eventually leading to a chain split.
Sztorc's eCash hard forkThe proposed hard fork will create a new chain called eCash with native eCash tokens. “Hold 4.19 BTC at the time of the fork, get 4.19 eCash. You can sell it, keep it, or ignore it entirely,” he said on X.
The fork is scheduled for Bitcoin block height 964,000 in August 2026. A coin-splitter tool will be released to help holders cleanly separate their BTC from their new eCash.
The new chain will be a near-copy of Bitcoin's existing blockchain, with one critical addition called Drivechains, a scaling architecture Sztorc first proposed in 2015 and formally submitted to Bitcoin developers as BIP300 and BIP301 in 2017 and 2019, respectively.
Drivechains are sidechains tethered to the Bitcoin blockchain, allowing seamless movement of BTC between the main chain and sidechains without changing Bitcoin's base layer. Each sidechain can operate under its own rules and features, essentially allowing developers to build new capabilities on top of Bitcoin without requiring the entire network to adopt those changes.
Think of Drivechains as service roads attached to the main highway. When the highway is congested, drivers can exit the highway and travel on the service road at different speed limits, then re-enter the highway when it's clear. This way, the highway never changes, yet more traffic is handled more efficiently, and the journey becomes more flexible for everyone.
Seven Drivechains are already in development, Sztorc said on X, including a privacy chain modelled on Zcash, a prediction market called Truthcoin, a decentralised exchange called CoinShift, and a quantum-resistant chain called Photon.
The controversial part linked to Satoshi coinsSztorc wants to use coins that would have gone to Satoshi Nakamoto's equivalent addresses on the new eCash chain to bring investors on board before the fork goes live, a decision he calls necessary but which has riled the community, with some calling it outright theft.
A potential hard fork would bring Bitcoin’s entire transaction history to the new chain. So every bitcoin balance, including Satoshi’s 1.1 million bitcoin, sitting untouched in wallets that have noved moved these coins, would show up as an equivalent eCash balance on the new chain.
As per the plan, fewer than half of the Satoshi-equivalent eCash coins will be assigned to investors today. The precise mechanism of how it's being done remains unclear. But since eCash doesn't yet exist, the pre-hard fork assign seems to be a promised credit following a successful hard fork.
The plan, he argues, will ensure collaborators have a tangible incentive to get involved early, building momentum and completing work ahead of launch. Without this mechanism, the project can turn into a "zombie project" that ships unfinished. Worse, it could become a centralized project, where a small group of developers gains outsized control over the chain's direction.
The industry response, however, has been negative.
“Taking Satoshi coins is theft and disrespectful, and eCash is already used for Lightning payments with Cashu and Fedi. Those are poor choices,” Bitcoin advocate Peter McCormack said.
Josh Ellithorpe, chief technology officer at Pixelated Ink, expressed concerns about the precedent it sets and how it could eventually be a risk to everyone’s BTC holdings.
“eCash, setting the precedent that they can and will steal coins. Now it's Satoshi, but it could be anyone later. Also misrepresenting the BCH fork, stealing another project's name, and not having replay protection,” Ellithorpe said.
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THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.4 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE") AND DOES NOT CONSTITUTE A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CODE. THERE CAN BE NO CERTAINTY THAT ANY FIRM OFFER WILL BE MADE.
, /PRNewswire/ -- Prologis, Inc. ("Prologis") announces that on 16 June 2026 it sent a letter to the Board of SEGRO plc ("SEGRO") setting out the terms of an indicative all-share proposal, pursuant to which Prologis would acquire the entire issued and to be issued share capital of SEGRO (the "Combination").
On 23 June 2026, the Board of SEGRO unequivocally rejected the Combination proposal.
Under the terms of the Combination, SEGRO shareholders would receive for each SEGRO share:
0.084 new Prologis shares (the "Exchange Ratio")
Based on the Prologis share price of $145.3 and a GBP:USD exchange rate of 1.32 in each case at market close on 23 June 2026, being the last trading day prior to this announcement, the Combination implies a value of 925 pence for each SEGRO share and values SEGRO's entire issued and to be issued ordinary share capital at approximately £12.6 billion, representing:
a premium of 24.6 per cent to SEGRO's share price of 742 pence on 23 June 2026 (being the last trading day prior to this announcement); a premium of 26.7 per cent to the 1-month volume weighted average SEGRO share price of 730 pence as of 23 June 2026 (being the last trading day prior to this announcement); a premium of 31.4 per cent to the 3-month volume weighted average SEGRO share price of 704 pence as of 23 June 2026 (being the last trading day prior to this announcement); and a price equal to SEGRO's last reported EPRA NTA* per share of 925 pence as of 31 December 2025 Following completion of the Combination, SEGRO shareholders would hold approximately 10.5 per cent of Prologis' issued share capital.
Prologis believes that the Combination is a highly compelling opportunity for SEGRO shareholders. SEGRO shareholders would receive shares in the world's largest logistics REIT with a $140.9 billion market capitalisation, unlocking, on closing, significant upside to the current share price.
Furthermore, the Combination provides SEGRO shareholders with participation in a global platform with a track record of outperformance across key metrics and the successful integration of major corporate transactions with the delivery of synergies. Prologis believes these factors will provide SEGRO shareholders with accelerated growth compared to the growth available to them in a standalone SEGRO.
Prologis believes that its global platform, balance sheet strength and diversified capital base can unlock the significant embedded value of SEGRO's development and data center pipeline.
Prologis also believes the Combination would deliver significant benefits to its customers, employees and Prologis shareholders.
Clear Strategic Rationale and Value Creation
Prologis believes that the Combination has clear strategic rationale and provides SEGRO shareholders with a compelling value proposition:
Opportunity to Join Forces with the Global Leader in Logistics Real Estate Combination with Prologis will provide SEGRO shareholders with diversification into global growth markets SEGRO and Prologis' European portfolios are highly complementary with an expected clear line of sight to scale benefits Resolves Structural Constraints Limiting SEGRO's Growth Potential SEGRO has traded at a persistent discount to its EPRA NTA per share with an average discount to EPRA NTA* of 19 per cent and 17 per cent over the last two years and three years, respectively Prologis has superior balance sheet strength with Net Debt / Enterprise Value of 22 per cent versus 37 per cent for SEGRO and Net Debt / Adjusted EBITDA of 4.8x versus 8.4x for SEGRO Prologis' access to public equity, debt and private capital will enable Prologis to unlock embedded opportunities for investment for which Prologis believes SEGRO is unable to unlock standalone due to structural constraints, including its balance sheet capacity and trading discount Accelerates Monetisation of SEGRO's Development, Power and Data Center Opportunities Prologis anticipates that its platform, balance sheet strength and significant access to capital can unlock the significant embedded value of SEGRO's development and data center pipeline in a way that SEGRO will not be able to do on a standalone basis Prologis has the scale, capital, and execution capabilities to fund and deliver SEGRO's pipeline Value Realisation at a Premium and Enhanced Growth for SEGRO Shareholders Significant share price premium while retaining an interest in a stronger combined entity Prologis has outperformed SEGRO on total shareholder return over both 3 and 5 years (37 per cent and 39 per cent, respectively) leading its peer group average and significantly exceeding SEGRO's total shareholder return (3 year: 19 per cent; 5 years: negative 20 per cent.) Prologis' Proven Stewardship of Shareholder Capital and Strong M&A Integration Track Record Prologis' history of achieving cost and revenue synergies underscores the strength of the platform and successful integration Consistent with this track record, shareholders of the enlarged group can anticipate significant synergies from the Combination Prologis urges SEGRO shareholders to encourage the SEGRO Board to engage with Prologis to allow a binding offer to be put to SEGRO shareholders for their consideration.
There can be no certainty that an offer for SEGRO will be made. A further announcement will be made as appropriate.
Important Code Notes
In accordance with Rule 2.6(a) of the Code, Prologis is required, by not later than 5:00 pm (London time) on 22 July 2026, to either announce a firm intention to make an offer for SEGRO in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer for SEGRO, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline may only be extended with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Code.
In accordance with Rule 2.5(a) of the Code, Prologis reserves the right to vary the form and/or mix of consideration as set out in this announcement and/or introduce other forms of consideration. Prologis reserves the right to make an offer for SEGRO at a lower value and/or on less favourable terms than those described in this announcement: (a) with the agreement or recommendation of the Board of SEGRO; (b) if a third party announces a possible or a firm intention to make an offer for SEGRO which, at that date, is of a value less than the value implied by the Combination; or (c) following the announcement by SEGRO of a Rule 9 waiver transaction pursuant to Appendix 1 of the Code or a reverse takeover (as defined in the Code). If after the date of this announcement SEGRO declares, makes or pays any dividend or distribution or other return of capital to its shareholders, Prologis reserves the right to make an equivalent reduction to terms of the Combination or an equalisation dividend to a common date.
*EPRA NTA is not calculated from a valuation of SEGRO's assets under Rule 29 of the Takeover Code. It is sourced from SEGRO's 31 December 2025 audited financial statements. At the relevant point, a valuation of SEGRO's assets will be published by SEGRO in accordance with Rule 29 of the Takeover Code.
Linklaters LLP is retained as legal adviser to Prologis.
Further information
N.M. Rothschild & Sons Limited ("Rothschild & Co"), which is authorised and regulated by the Financial Conduct Authority (the "FCA") in the United Kingdom and J.P. Morgan Securities LLC, together with its affiliate J.P. Morgan Securities plc (which conducts its UK investment banking business as J.P. Morgan Cazenove and which is authorised in the United Kingdom by the Prudential Regulation Authority ("PRA") and regulated in the United Kingdom by the PRA and the FCA) (together "J.P. Morgan"), and Eastdil Secured International Limited ("Eastdil Secured" or "ESI") which is authorised and regulated by the Financial Conduct Authority (the "FCA") in the United Kingdom are acting exclusively for Prologis and for no one else in connection with the subject matter of this announcement and will not be responsible to anyone other than Prologis for providing the protections afforded to their clients or for providing advice in connection with the subject matter of this announcement. This announcement is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote in any jurisdiction.
The release, publication or distribution of this announcement in jurisdictions outside the United Kingdom may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about, and observe such restrictions. Any failure to comply with such restrictions may constitute a violation of the securities law of any such jurisdiction.
Disclosure requirements of the Code
Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any securities exchange offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.
Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s), save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.
If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a securities exchange offeror, they will be deemed to be a single person for the purpose of Rule 8.3.
Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).
Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. You should contact the Panel's Market Surveillance Unit on +44 (0)20 7638 0129 if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.
Rule 2.4 information
In accordance with Rule 2.4(c)(iii) of the Code, Prologis confirms that it is not aware of any dealings in SEGRO shares that would require it to offer a minimum level, or a particular form, of consideration under Rule 6 or Rule 11 of the Code. However, it has not been practicable for Prologis to make enquiries of all persons acting in concert with it prior to the date of this announcement in order to confirm whether any details are required to be disclosed under Rule 2.4(c)(iii) of the Code. To the extent that any such details are identified following such enquiries, Prologis will make an announcement disclosing such details as soon as practicable, and in any event by no later than the time it is required to make its Opening Position Disclosure under Rule 8.1 of the Code.
Rule 2.9 information
In accordance with Rule 2.9 of the Code, Prologis confirms that, as of the date of this announcement, it has issued and outstanding 932,983,938 shares of common stock at par value of $0.01 per share. Prologis does not hold any of its common stock in treasury. The International Securities Identification Number (ISIN) of the shares of common stock is US74340W1036. The Legal Entity Identifier (LEI) for Prologis is 529900DFH19P073LZ636.
Publication on Website
In accordance with Rule 26.1 of the Code, a copy of this announcement will be available subject to certain restrictions relating to persons resident in restricted jurisdictions on Prologis' website at https://ir.prologis.com/ promptly and in any event by no later than 12 noon (London time) on 25 June 2026. The content of this website is not incorporated into and does not form part of this announcement.
Forward-Looking Statements
The statements in this announcement that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which Prologis and SEGRO operate as well as management's beliefs and assumptions. Such statements involve uncertainties that could significantly impact Prologis' or SEGRO's financial results. Words such as "expects," "anticipates," "intends," "believes," "would", "could", "should" and "estimates," including variations of such words and similar expressions, are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address operating performance, events or developments that Prologis expects or anticipates will occur in the future – including statements relating to any possible transaction between Prologis and SEGRO , rent and occupancy growth, acquisition and development activity, including data center developments and power procurement related thereto, contribution and disposition activity, general conditions in the geographic areas where Prologis and SEGRO operate, expectations regarding new lines of business, Prologis' and SEGRO's debt, capital structure and financial position, Prologis' ability to earn revenues from co-investment ventures or form new co-investment ventures and the availability of capital in existing or new co-investment ventures – are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although Prologis believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, Prologis can give no assurance that its expectations will be attained, and therefore actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) the ultimate outcome of any possible transaction between Prologis and SEGRO, including the possibility that SEGRO will reject any proposed transaction with Prologis; (ii) uncertainties as to whether SEGRO will cooperate with Prologis regarding any proposed transaction; (iii) the effect of the announcement of any proposed transaction on the ability of Prologis and SEGRO to operate their respective businesses and retain and hire key personnel and to maintain favourable business relationships; (iv) the timing of any proposed transaction; (v) the ability to satisfy closing conditions to the completion of any proposed transaction (including shareholder approvals); (vi) other risks related to the completion of any proposed transaction and actions related thereto; (vii) international, national, regional and local economic and political climates and conditions; (viii) changes in global financial markets, interest rates and foreign currency exchange rates; (ix) increased or unanticipated competition for Prologis' or SEGRO's properties; (x) risks associated with acquisitions, dispositions and development of properties, including the integration of the operations of significant real estate portfolios; (xi) maintenance of Real Estate Investment Trust ("REIT") status, tax structuring and changes in income tax laws and rates; (xii) availability of financing and capital, the levels of debt that Prologis and SEGRO maintain and their credit ratings; (xiii) risks related to Prologis' investments in and management of its co-investment ventures, including ability to establish new co-investment ventures; (xiv) risks of doing business internationally, including currency risks; (xv) environmental uncertainties, including risks of natural disasters; (xvi) risks related to global pandemics; and (xvii) those additional factors discussed under Part I, Item 1A. Risk Factors in Prologis' Annual Report on Form 10-K for the year ended December 31, 2025. Prologis undertakes no duty to update any forward-looking statements appearing in this announcement except as may be required by law.
Non-GAAP Measures
This announcement includes certain terms and non-GAAP financial measures that are not specifically defined herein. These terms and financial measures for Prologis are defined and, in the case of the non-GAAP financial measures, reconciled to the most directly comparable GAAP measures, in Prologis' quarterly Earnings Release and Supplemental Information that is available on Prologis' investor relations website at www.ir.prologis.com and on the SEC's website at www.sec.gov.
Sources of information and bases of calculation
Share price and volume weighted average share price data is derived from FactSet GBP:USD exchange rate of 1.3196 is derived from Chatham Financial as of 23 June 2026 The value attributed to SEGRO's issued share capital (and therefore the value of the Combination) is based upon fully diluted share capital of 1,361,127,593 SEGRO ordinary shares of 10 pence each, comprising: 1,353,927,858 ordinary shares in issue as of 29 May 2026 as announced by SEGRO pursuant to the FCA's Disclosure Guidance and Transparency Rules (with no shares held in treasury); and 7,199,735 shares relating to SEGRO's share schemes, derived from SEGRO's public filings. This figure is net of shares held by the SEGRO Employee Benefit Trust Prologis' issued share capital is based upon fully diluted share capital of 970,140,938 shares at par value of $0.01 per share, comprising: 932,983,938 shares of common stock at par value of $0.01 per share; and 37,157,000 shares relating to Prologis' share schemes, derived from Prologis' public filings. Discount to EPRA NTA is calculated as the see-through value of the offer at the Exchange Ratio divided by the SEGRO last reported EPRA NTA at 31 December 2025 of 925 pence per share Prologis' market capitalisation is calculated based on the share price at market close on 23 June 2026 of $145.3 multiplied by Prologis' fully diluted share count of 970,140,938 shares SEGRO's shareholding in the enlarged group is calculated as (i) newly issued Prologis shares of 114,334,718 (calculated as 1,361,127,593 SEGRO shares multiplied by the Exchange Ratio); divided by (ii) the enlarged group issued share capital of 1,084,475,656 (equal to the existing Prologis fully diluted issued share capital of 970,140,938 plus the newly issued shares of 114,334,718) Enterprise value used for Net Debt / Enterprise Value sourced from FactSet at market close on 23 June 2026 Total shareholder return equals the change in share price plus dividends received over the relevant time period. This data is as of 23 June 2026. Information sourced from FactSet SEGRO EPRA NTA sourced from SEGRO's 2025 Annual Report and Accounts, with prior years' EPRA NTA sourced from its 2024 and 2023 Annual Report and Accounts and its 2024 and 2023 interim results SEGRO Net Debt and Net Debt / Adjusted EBITDA sourced from 2025 annual results announcement released on 20 February 2026 Prologis financial information extracted from Prologis' 2026 Q1 Earnings Release published on 16 April 2026 Prologis Net Debt and Net Debt / Adjusted EBITDA sourced from Prologis' 2026 Q1 Earnings Release published on 16 April 2026 SOURCE Prologis, Inc.
MegaETH spustil program zpětného odkupu MEGA financovaný čistě z čistého výnosu ze stablecoinu USDm nashromážděného do konce dubna. Další odkupy mají běžet automaticky podle změn nabídky USDm a výnosu rezervních aktiv.
MegaETH has activated a MEGA token buyback program funded entirely by net revenue from its USDm stablecoin, turning Treasury‑backed yield into a standing bid for its “real‑time Ethereum” L2 token after a sharp post‑launch selloff.
Summary
The MegaETH Foundation has kicked off a MEGA token buyback program, completing its first purchase using all net earnings generated by USDm through the end of April. USDm’s current supply is about $480 million, and future MEGA buybacks will run programmatically, with size determined by USDm supply and yield on its reserve assets. The foundation stresses that USDm is not issued or operated by MegaETH or MegaLabs, even as its revenue stream becomes a core economic engine for MEGA demand. The MegaETH Foundation says its MEGA token buyback plan is now live, with the first repurchase funded entirely by net earnings from USDm accumulated through the end of April. In an announcement on X, the foundation said it had “completed the first MEGA buyback using all net income generated by USDm’s issuer as of April 30,” framing the move as the start of an ongoing demand loop where the ecosystem’s stablecoin revenue is recycled into the native token.
MEGA buyback goes live, tied directly to USDm revenues Importantly, the foundation reiterated that “USDm is not issued or operated by the MegaETH Foundation or MegaLabs,” clarifying that the stablecoin’s issuer is a separate entity even though its economics are tightly coupled to MEGA. USDm is a yield-bearing stablecoin built on Ethena’s USDtb rails, with reserves primarily invested in BlackRock’s tokenized U.S. Treasury fund BUIDL via Securitize, alongside liquid stables for redemptions. Those reserves generate a predictable yield, which flows to the USDm issuer and, under the new scheme, is then used as the funding source for MEGA buybacks.
CoinMarketCap’s overview of MegaETH notes that the MEGA token has a fixed supply of 10 billion and is used for gas, staking and governance within the “real-time Ethereum” L2, which targets sub-millisecond latency and over 100,000 transactions per second. By tying MEGA buybacks to USDm’s revenues, the foundation is effectively turning stablecoin growth and on-chain economic activity into a direct support mechanism for MEGA’s price and scarcity.
Programmatic buybacks, variable size, and market impact According to the foundation, future MEGA buybacks will be executed “as programmatically as possible,” running automatically according to preset rules instead of being manually timed by the team. The size of each operation “will not be fixed,” it said, but will depend on “changes in USDm supply and the yield of the underlying reserve assets,” meaning that as USDm circulates more widely and its Treasury-backed yield rises or falls, the buyback firepower will adjust in tandem.
Earlier this year, the MegaETH Foundation outlined a broader economic model in which USDm functions as an “economic engine” for the L2: yield from its reserves is used to subsidize sequencer costs and network fees and, now, to fund ongoing MEGA purchases from the market. MEXC’s summary of the plan notes that USDM (often stylized as USDm) “is backed by Ethena and BlackRock’s BUIDL fund,” and that the project will “trigger MEGA token generation based on KPIs” such as reaching $500 million in USDm circulation, launching 10 apps on MegaETH, or having at least three apps generate $50,000 in fees for 30 consecutive days. DefiLlama data show USDm’s broader MegaETH stablecoin stack now has a market cap of about $810.6 million, with USDm itself accounting for roughly 58% dominance, implying a USDm supply in the neighborhood of $470–$480 million.
The timing of the first buyback is notable. AInvest reported that MEGA fell about 38% from its April 30 launch price to $0.138 amid heavy post‑TGE selling pressure from early participants. CoinMarketCap’s explainer on MegaETH says the ecosystem was designed from the outset to “use its native stablecoin’s reserve yield to fund MEGA buybacks,” positioning this week’s announcement as the moment when that theoretical flywheel actually starts to spin. If USDm continues to grow and on-chain yields remain robust, the programmatic buyback mechanism could become a persistent marginal buyer of MEGA in secondary markets, linking the token’s long-term value more tightly to real usage and stablecoin demand rather than one-off hype cycles.
MiniPay spouští digitální debetní kartu Visa poháněnou Gnosis Pay. Uživatelé mohou utrácet stablecoiny u více než 175 milionů obchodníků, kteří přijímají Visa.
MiniPay, Opera's self-custodial stablecoin wallet, has launched the MiniPay Card: a digital Visa debit card powered by Gnosis Pay. Eligible users can now spend their stablecoin balances across Europe (EEA), Africa, Latin America and Southeast Asia at more than 175 million Visa merchant locations worldwide. Gnosis Pay manages the card program behind it.
MiniPay already had the wallet, the users, and the balances. What its users did not have was a way to spend those balances at a normal checkout. Gnosis Pay closes that gap. We built the card program so a wallet can connect its stablecoin balances to Visa without becoming a card issuer, a bank, or a payments company itself.
The last meter problemIn a lot of markets, people already save and get paid in digital dollars. Holding stablecoins is solved. Spending them is the hard part.
A balance sitting in a wallet does not pay for groceries, a bus fare, or a subscription. To do that, the money has to reach a merchant through rails the merchant already accepts. For most of the world, that means Visa. Friederike Ernst, co-founder of Gnosis, puts it this way:
"For someone in Lagos or Nairobi who already holds savings in digital dollars, the missing piece isn't the wallet. It's the last meter. The ability to spend those balances at a checkout in another country without the merchant needing to know or care about crypto."
The last meter is the distance between a stablecoin balance and a card terminal. It is short, and it is where most stablecoin products stop. The MiniPay Card covers it.
What the MiniPay Card isThe MiniPay Card is a digital Visa debit card that lives inside the MiniPay wallet. Users add it to Apple Pay or Google Pay and spend with a tap, online or in person, anywhere Visa is accepted. The balance in the wallet is the balance on the card.
Behind the familiar card experience sits a stablecoin card program. When a user taps, their stablecoin balance is settled to Visa in real time, and the merchant is paid in their local currency. The merchant sees a normal Visa payment.
How Gnosis Pay powers itGnosis Pay is the card program manager for the MiniPay Card. That means we handle the technical layer that turns a wallet balance into a working card, and we coordinate the regulated parts of the stack rather than performing them ourselves.
Here is how the pieces fit:Issuing. The card is issued through Monavate's regulated card issuing, on Visa's global network. Gnosis Pay is the program manager around that.
Settlement. When the card is used, the stablecoin balance is bridged to Visa in real time. The merchant receives local currency with no crypto-specific setup.
Self-Custody. Funds stay in the user's self-custodial wallet until the moment of spending. MiniPay users keep control of their balances.
Onboarding. A wallet that already has users can pass its existing user base and verification into the program, rather than starting from zero.
This is the work that usually takes a wallet many months to assemble piece by piece: an issuer relationship, a Visa program, settlement, and the compliance coordination to run it across markets. Gnosis Pay packages it so a fintech, neobank or wallet can ship the card instead of building a card company.
Key takeaway: As the card program manager, Gnosis Pay connects a wallet's stablecoin balances to Visa in real time, so the merchant gets paid in local currency and never has to know crypto was involved.
Who it is forThe MiniPay Card launches into an existing base. Since 2023, MiniPay has grown to more than 16 million activated wallets, with strong adoption across Africa and other high-growth regions. The card is available to eligible users in selected markets across Europe (EEA), Africa, Latin America and Southeast Asia, anywhere Visa is accepted.
It also builds on what MiniPay already shipped. After introducing Virtual Bank Accounts, which let users receive money straight into their wallets as stablecoins, the card adds the other half: a way to spend those balances online and in person. Money in, money out, in one wallet.
Why this matters beyond MiniPayMiniPay is one wallet. The pattern is the point. Any wallet or fintech with users and stablecoin balances faces the same last meter, and the same choice: build a card company, or plug into a card program that already runs. Gnosis Pay is built for the second path. We did the same integration work for MiniPay that any partner would do, making this launch a template for future wallet integrations.
It also fits how Gnosis thinks about money. Stablecoins should work like money, which means they have to be spendable. A balance you can hold but not spend is a savings account with extra steps. A balance you can tap at any Visa terminal is closer to the thing money is supposed to be.
Tip: If you run a wallet or a fintech, the rails behind the MiniPay Card are the same ones you integrate with Gnosis Pay. The build starts in the docs.
Availability, fees, and rewardsThe MiniPay Card is launching to eligible users in selected markets. Find details on availability and product features at minipay.to/virtual-card.
Fees. No monthly or annual fee. Transactions carry a low nominal FX fee and ATM withdrawal fee.
Wallet integration. The card works with Apple Pay and Google Pay for contactless payments.
Rewards. In selected markets, the card offers cashback in digital assets, including Tether Gold (XAUt0), USDT and USDC.
This launch continues the path Gnosis Pay has been on, from remittances to retail: making stablecoin balances usable in the places people spend. It is also a working example of the ownership-first model we have been building toward, where users keep custody and still get the convenience of a card.
FAQWhat is the MiniPay Card?
The MiniPay Card is a digital Visa debit card inside Opera's MiniPay wallet. It lets eligible users spend their stablecoin balances at over 175 million Visa merchants, online or in person.
Where can you use the MiniPay Card?
It is available to eligible users in selected markets across Europe (EEA), Africa, Latin America and Southeast Asia, and it spends anywhere Visa is accepted.
Do you need crypto knowledge to use the MiniPay Card?
No. Users add the card to Apple Pay or Google Pay and tap to pay. It spends like any other contactless Visa card.
How is the MiniPay Card different from a regular debit card?
It spends from your own self-custodial stablecoin balance instead of a bank account. You keep custody of your funds until the moment you tap.
Do merchants need to accept crypto?
No. Merchants are paid in their local currency and see a normal Visa payment. They do not need to accept crypto or set anything up.
Build your card programThe last meter is closed for 16 million wallets. The next ones are the wallets and fintechs that have not shipped a card yet, and the rails are ready for them.
If you are building one, book a demo or learn more on gnosispay.com.
WOO X přišel o zhruba 14 milionů USD při útoku připisovaném aktérovi napojenému na KLDR. Hacken uvádí, že většina prostředků už byla převedena do Bitcoinu.
On July 24, 2025, Taiwan-based trading platform WOO X became the latest victim in a bruising summer of crypto breaches when attackers made off with roughly $14 million in unauthorized withdrawals from nine user accounts, forcing the exchange to pause withdrawals while it investigated and promised to reimburse affected users.
New chain-analysis shared by Yehor Rudytsia, Head of Forensics and Incident Response at Hacken, paints the post-heist picture as far more organized than a one-off theft. According to Rudytsia, the exploit, which Hacken dates to July, resulted in total losses of about $14 million and was carried out by a DPRK-linked actor tracked in law-enforcement circles as “TraderTraitor.”
Hacken says it is actively monitoring the on-chain movements and is supporting recovery efforts by flagging malicious addresses to the wider security community. The laundering choreography, as mapped by Hacken, left half the stolen funds on EVM networks and the rest on Tron and Bitcoin.
In the last 24 hours, on-chain traces show that the bulk of the EVM-side proceeds, more than $7 million, were routed through THORChain and swapped into Bitcoin, a technique observers have increasingly flagged as a common laundering path after major exchange thefts earlier this year. Rudytsia noted that THORChain’s native cross-chain swap functionality has repeatedly been used to convert large sums of ETH and ERC-20 tokens into BTC, making it attractive to sophisticated operators moving stolen assets across ecosystems.
On-chain Evidence Hacken’s report also documents the handling of the Tron-denominated portion (about $2.5 million in TRX). Those funds, the team found, were converted into USDT, bridged to Ethereum via LayerZero infrastructure, and from there, some of the bridged USDT was again pushed to Bitcoin through THORChain.
On-chain evidence of a nine-figure USDT transfer arriving on Ethereum from a LayerZero executor appears in public transaction records from October 1, 2025, which match the pattern Hacken described.
Complicating the trail, part of the funds that surfaced on Ethereum were sent to a wallet previously tied to the BingX hot-wallet exploit in 2024, itself attributed by investigators to North Korean-linked groups, suggesting either reuse of laundering infrastructure or coordination across multiple thefts.
The address that received those transfers is publicly visible on Ethereum explorer records, and investigators say the link deepens the picture of an organized laundering chain connecting multiple high-profile incidents.
Taken together, the movements indicate that roughly $8–9 million from the WOO X breach was bridged on the same day from Ethereum to Bitcoin, almost entirely via THORChain, leaving an estimated 90% of the stolen value now sitting on Bitcoin addresses as perpetrators accelerate conversion into the oldest and most liquid on-chain asset.
Security teams monitoring the flows warn that once funds consolidate on Bitcoin, conventional tracing and intervention become harder and the risk of eventual cash-out increases. Rudytsia told Blockchain Reporter that Hacken is continuing to monitor the accounts and will push flagged addresses to exchanges and compliance partners in the hope of freezing or otherwise freezing flow paths where possible.
For now, the case is a fresh reminder that as cross-chain tooling gets more powerful, it also gives sophisticated attackers faster, lower-friction routes to turn stolen tokens into harder-to-trace assets, and that forensic work on multiple chains, together with cooperation from on- and off-ramp services, remains the only immediate line of defence in today’s time.
AUTHOR
Mushumir Butt is a seasoned crypto journalist with over three years of experience reporting on the world of blockchain and cryptocurrency. At Blockchain Reporter, he delivers insightful news, in‐depth project reviews, and precise price analysis and predictions. With a strong background in SEO and digital marketing, Mushumir excels at breaking down complex trends into clear, accessible content, ensuring readers stay ahead in the fast‐paced crypto space.
METABORA GAMES spustila Puzzle & Guardians jako MINI App v aplikaci LINE Messenger v Japonsku. Hra je dostupná více než 100 milionům uživatelů LINE bez nutnosti další instalace a nabízí odměny v tokenech BORA.
– Maximizes user accessibility through direct onboarding within LINE Messenger’s MINI App Tab
– Integrates BORA DEEPS to deliver a differentiated gameplay experience for Japanese users
– Strengthens on-chain rewards and BORA token utility, establishing a virtuous ecosystem cycle
METABORA GAMES (CEO Choi Se-hoon), a leading blockchain game developer, announced today the official launch of ‘Puzzle & Guardians’, its joint project with Baligames, as a MINI App on LINE Messenger in Japan through LINE NEXT Start, a group company of LY Corporation that operates Japanese Web3 business.
‘Puzzle & Guardians’ is a hybrid Web3 title that blends casual 3-match puzzle battles with RPG progression. Players can collect and build a roster of Guardians, engage in 1v1 PvP duels and dungeon play, and earn BORA token rewards by completing in-game missions and participating in event leagues.
With this launch, ‘Puzzle & Guardians’ is now onboarded onto the MINI App platform of LINE, Japan’s largest messenger platform, enabling more than 100 million LINE users to play the game instantly inside the LINE Messenger app without any additional installation. The result is a more intuitive, highly accessible play environment.
In conjunction with the Japan launch, METABORA GAMES has integrated ‘Puzzle & Guardians’ with BORA DEEPS, the core infrastructure service of the BORA ecosystem. Through the BORA DEEPS Quest function, players are offered tailored missions optimized for gameplay, and the rewards they earn can be used across BORA DEEPS’ native content — including its ‘Mini Game’ offering and ‘Scratch’, a raffle-style service. The integration creates a natural virtuous cycle of play and reward, deepening user engagement across the platform.
The company also plans to continuously expand localized content tailored to the Japanese market, delivering a differentiated participation experience for local users. Launch commemoration events will follow, further reinforcing real-world utility for the BORA token.
More information about ‘Puzzle & Guardians’ is available on the official BORA DEEPS channels and the LINE platform.
APPENDIX
BORA DEEPS website: https://intro.boradeeps.com/
‘Puzzle & Guardians’ LINE Mini App URL: https://miniapp.line.me/2008992531-yxrGfhQS
METABORA GAMES is a subsidiary of METABORA, a casual and blockchain game developer, and serves as the development studio behind the blockchain platform BORA.
Centered on BORA DEEPS — a platform that organically connects in-game activities with rewards — METABORA GAMES designs user-participation-driven structures and collaborates with global partners to co-develop and operate Web3 projects across a wide range of genres.
Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.
Bitwise podal u SEC registraci pro spotové Avalanche ETF, které má sledovat hodnotu AVAX a držet pouze tokeny AVAX. Do závodu o schválení se tak přidává k VanEck a Grayscale.
Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech.
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September 16, 2025
Bitwise Asset Management filed for SEC registration for a spot Avalanche ETF, joining VanEck and Grayscale in the race to offer institutional exposure to AVAX through regulated investment vehicles.
The passively managed fund aims to mirror Avalanche’s value minus operational expenses, with Coinbase Custody serving as the digital asset custodian.
The filing details a Delaware statutory trust structure offering cost-effective exposure to Avalanche through traditional securities markets.
The trust will hold only AVAX tokens and use the CME CF Avalanche-Dollar Reference Rate as its pricing benchmark, calculated daily at 4:00 PM ET from multiple constituent platforms.
Avalanche Foundation is simultaneously raising $1 billion through two crypto treasury vehicles led by Hivemind Capital and Dragonfly Capital.
ETF Arms Race Intensifies as Multiple Firms Target AVAX ApprovalThe Bitwise registration follows VanEck’s March filing and Grayscale’s Form 19b-4 submission through Nasdaq for Avalanche ETF conversion.
Bloomberg Intelligence assigns high approval odds for altcoin ETFs this year, with institutional demand driving applications beyond Bitcoin and Ethereum products.
Bitwise previously experienced regulatory turbulence when the SEC granted accelerated approval for its 10 Crypto Index ETF in July before reversing the decision hours later through a stay order.
The multi-asset fund would have included Avalanche alongside Bitcoin, Ethereum, XRP, and Solana, with 85% allocation to previously approved components.
VanEck launched the Purpose-built Fund specifically for Avalanche-based businesses, utilizing native real-world asset products and tokenized money market funds.
The fund targets capital appreciation through investments in digital assets with a market capitalization of over $100 million across the finance, payments, gaming, and AI sectors.
Grayscale’s pending conversion of its Digital Large Cap Fund to ETF status includes Avalanche alongside Bitcoin, Ethereum, Solana, and XRP.
The fund maintains a 79.9% Bitcoin allocation and an 11.3% Ethereum allocation, with the remaining assets distributed among approved altcoins.
The competitive landscape intensified as major institutions began to engage with Avalanche’s blockchain for portfolio management and digital asset projects.
BlackRock expanded access to its USD Institutional Digital Liquidity Fund to include Avalanche in November 2024, following initial Ethereum availability.
Chairman Paul Atkins established a crypto task force to develop clear rules, following years of “regulation by enforcement” under the previous leadership.
March decisions on multiple altcoin ETFs were delayed until October, with the Commission citing the need for “longer periods” to consider proposed rule changes.
🇺🇸The SEC has delayed decisions on multiple altcoin spot ETFs, including XRP, Solana, and Litecoin, citing the need for more review. Analysts say it’s standard procedure and remain optimistic about approval.
#CryptoETFs #SEChttps://t.co/Q8aODggS0f
— Cryptonews.com (@cryptonews) March 12, 2025 The approval process involves 21-day public comment periods, allowing industry stakeholders to provide input before final decisions are made.
Avalanche’s proof-of-stake consensus mechanism and subnet architecture differentiate it from Bitcoin’s energy-intensive mining.
The network’s three-blockchain structure supports token creation, validator management, and smart contracts, while enabling custom permissioned blockchains that rely on the main network’s security and integrity.
The simultaneous treasury vehicle launches aim to garner serious institutional conviction through SPAC structures and private placements.
Hivemind Capital’s $500 million vehicle aims for September completion, while Dragonfly Capital’s equivalent SPAC targets October finalization.
At the time of writing, AVAX is trading at $29.91, representing technical momentum testing $30 resistance.
Technical Analysis Points to Breakout Momentum Following ETF FilingAVAX exhibits classic descending wedge characteristics on hourly charts, trading at $29.90 near the pattern’s apex with upper trendline resistance and dynamic support convergence.
Source: X/@JeremyybtcThe coiling effect from multiple tests of wedge boundaries creates optimal conditions for explosive directional moves, particularly with ETF-filing catalysts supporting bullish sentiment.
Long-term weekly charts reveal AVAX breaking above significant descending trendlines containing price action since the 2021 peaks near $147.
The macro perspective shows AVAX’s 240% recovery from cycle lows around $8.50, positioning the token in the critical $30-35 resistance zone.
Sustained trading above current breakout levels could open pathways toward $50 with minimal intermediate resistance.
ETF approval precedents from Bitcoin and Ethereum suggest initial announcements generate 50-100% advances within weeks of confirmation.
The technical setup positions AVAX optimally to capture such moves through descending wedge momentum combined with institutional validation.
AVAX’s immediate trajectory targets the $35-40 region following successful wedge breakouts, with long-term potential extending toward $50 levels based on minimal resistance structures.
BitDAO podezírá Alameda Research z porušení dohody z roku 2021 a z prodeje 100 milionů BIT, které měly být drženy bez prodeje. Požádala ji o důkaz o držbě a Alameda následně přesunula více než 100 milionů BIT na svou adresu.
BitDAO (BIT)suspected FTX founder Sam Bankman Fried's venture capital firm Alameda Research of breaching an agreement made in 2021 and selling its 100 million BIT tokens, causing BIT to plummet.
The DAO community asked Alameda to prove that it still owns its BIT tokens, and Alameda responded by transferring over 100 million BIT tokens from an FTX hot wallet to an Alameda address.
BackgroundAlameda published a proposal titled BIP-4 and offered BitDAO to swap 100 million BIT tokens with Alameda for 3,362.315 FTT tokens and make a public commitment not to sell each others' tokens for three years. The proposal was open for voting between Oct. 20 and Oct. 30 2021 and passed with 100% votes of the participants in favor.
The token swaps took place on Nov. 2, 2021, in three transactions, and both parties agreed not to sell them before Nov. 2, 2024.
Coins plummetOn Nov. 8, both BIT and FTT experienced a sharp 20% decline at around the same time. BIT fell from $0.40 to $0.33, while FTT plummeted from $22.12 to $15.36. Both tokens quickly recovered from a portion of their losses. At the time of writing, BIT is being traded for $0.39, while FTT is priced at $18.184.
BITUSDFTTUSDIn light of recent speculation about FTX's financial stability, the BitDAO community suspected that Alameda may have sold its BIT holdings and caused the sudden dump of both FTT and BIT.
BitDAO's founder and CEO Ben Zhou Tweeted to explain their suspicions and announced that they are asking for proof of funds from Alameda.
Bitdao community is questioning the sudden dump of $bit token caused by Alameda dumping and breaching the 3 yr mutual no sale public commitment. Nothing is confirmed but bitdao community would like to confirm a proof of fund from Alameda. https://t.co/YassKhcdPt
— Ben Zhou (@benbybit) November 8, 2022
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The BitDAO community ensured that the 3,362.315 FTT tokens were safe and sound in the BitDAO treasury, and asked Alameda to ensure BitDAO by transferring the 100 million BIT tokens into an on-chain address so that the BitDAO community can verify.
BitDAO community warned that if Alameda fails to provide sufficient proof of funds within 24 hours:
“It will be up to the BitDAO community to decide (vote, or any other emergency action) how to deal with the $FTT in the BitDAO Treasury.”
FTX respondsResponding to BitDAO's request, over 100 million BIT tokens were transferred from an FTX hot wallet to Alameda's address.
This address is the original address that Alameda agreed to receive its BIT tokens in when the deal was inked in 2021.
BitDAO, a decentralized autonomous organization with a treasury worth over $1.7 billion, has launched an Ethereum Layer 2 network called Mantle, the DAO announced on Wednesday.
Mantle is a modular Ethereum Layer 2 chain. Modular networks are a new way of designing blockchains and are different from the older monolithic chains, where all network functions happen on the base layer. On modular blockchains, there are separate layers for network consensus, transaction execution and settlement, as well as data availability. This type of design is said to create networks that are more efficient and have greater scalability.
BitDAO’s Layer 2 network stack has three distinct layers, according to the announcement. One layer is for transaction execution while the other two handle transaction finality and data availability, respectively.
Mantle is BitDAO’s attempt to solve some of the challenges facing Layer 2 networks, a spokesperson for the DAO told The Block. “BitDAO aims to bring the spotlight back from Alt-L1s to Ethereum and give market participants the best web3, DeFi and GameFi have to offer,” said the spokesperson.
Mantle will reportedly offer superior features compared to other Layer 2 networks. BitDAO’s Layer 2 network will come with faster throughput and low fees, and be powered by a decentralized data availability layer, the announcement stated. Transaction fees on Mantle will be paid using BitDAO’s governance token, BIT.
EigenLayer, an Ethereum middleware platform, is one of the partners in the project. As such, early adopters can use EigenDA, a custom-built data availability layer designed by EigenLayer that supports Optimistic and ZK-Rollups — the two major types of roll-up technology.
Wednesday’s announcement marks the soft launch of the Layer 2 network. Mantle is expected to roll out an incentivized public testnet next year.
A BitDAO spokesperson confirmed that DAO partners can deploy protocols on Mantle when launched. Unlike most DAOs built around specific DeFi projects, BitDAO is more of an investment DAO. BitDAO’s mandate is to grow the web3 ecosystem by providing grants to projects and supporting web3-based research activities. BitDAO has the second-largest DAO treasury in the crypto space.
“Mantle will serve as the connective tissue for various BitDAO initiatives, such as projects from Game7, research from EduDAO, to the ecosystem of dApps being enabled by BitDAO," said jacobc.eth, product head at BitDAO’s Windranger Labs, adding: "Mantle is BitDAO’s demonstration to scale Ethereum and web3, enabling a whole new generation of use cases and innovations.”
Telos se napojil na Stargate, BitGo a Circle, aby rozšířil cross-chain likviditu a přivedl na síť wBTC, USDC a USDT. Integrace má posílit interoperabilitu a DeFi na síti Telos. Přes Stargate bude možné přenášet tokeny mezi Telosem a 30 dalšími sítěmi.
Telos has integrated with several platforms across the crypto ecosystem as it looks to unlock cross-chain liquidity and decentralized finance opportunities.
The Telos Foundation announced the expansion via X, noting that Telos now leverages the technology and solutions of Stargate, BitGo, and Circle to enhance network security, accessibility, and liquidity.
Specifically, Telos is tapping into Stargate, a cross-chain liquidity protocol built on LayerZero, to enable multi-chain native asset transfers. This integration will allow users to bridge tokens between Telos and 30 other networks, opening new opportunities in a multi-chain decentralized finance ecosystem.
Other integrations include with Hydra, a part of Stargate v2 to bring assets such as wrapped Bitcoin (wBTC), USDC (USDC) and Tether (USDT) to Telos.
“By bringing high-value, widely used tokens to Telos, Hydra enhances liquidity accessibility and fosters deeper DeFi engagement,” Telos Foundation wrote.
Telos’ wBTC and USDC integration is via BitGo and Circle, with the two companies among top ecosystem providers. Partnering with BitGo not only brings wBTC to Telos, but also ensures this happens with the support of a provider that can unlock liquidity for institutional access on the platform.
Circle allows for a bridged version of its USDC stablecoin to go live on Telos, with this offering the option for native USDC to deploy on the Telos mainnet.
According to DeFiLlama, the total value locked in DeFi protocols on Telos is currently around $16.6 million. The Telos TVL is spread across decentralized exchanges, lending protocols, real-world asset platforms and liquid staking providers among others.
Telos Foundation said in the announcement that the upgrades and integrations it has secured will be crucial to the Telos blockchain’s interoperability and footprint in DeFi.
“The road is now open for massive liquidity to flow into the ecosystem, making Telos a prime destination for DeFi users and developers,” it noted.
Telos prochází multisigem pro aktivaci BLS Signature Aggregation na mainnetu. Operátoři uzlů musí upgradovat na Spring v1.2.2 nebo Leap v5+, jinak po aktivaci přestanou fungovat správně.
Telos, a cutting-edge L1 chain for low-cost, scalable, and rapid infrastructure, is working on multisig required for the activation of BLS Signature Aggregation on mainnet. The network upgrade underscores a significant move over the years. In its official social media announcement, Telos has mentioned that the node operators need to update the systems they use to Leap v5+ or Spring v1.2.2. On the other hand, failure to carry out this update ahead of the activation will stop the respective node after the enablement of BLS.
Block Producers are now processing the multisig to activate BLS Signature Aggregation on Telos mainnet.
All node operators must upgrade to Spring v1.2.2 or Leap v5+.
❗ Any node (producer or non-producer) that does not upgrade will stop operating once BLS is enabled.
🔧 Latest… pic.twitter.com/7DHl935lw7
— Telos (@HelloTelos) December 6, 2025 Telos Processes Multisig for Exclusive BLS Signature Aggregation Upgrade For the BLS Signature Aggregation upgrade’s mainnet activation, Telos is now processing multisig. The upgrade denotes a key step in the network advancement of Telos. As a result, the platform has advised the node operators to formally update their respective systems to Leap v5+ or Spring v1.2.2 before the activation goes live
Contrarily, if a non-producer or producer fails to implement the upgrade, their node will not operate anymore once BLS becomes fully enabled. Additionally, the BLS Signature Aggregation’s introduction is anticipated to unlock a robust new wave of privacy-focused and zero-knowledge applications. With the optimization of signature validation and aggregation, the platform attempts to enhance throughput, overall transfer efficiency, and scalability on the mainnet.
Reinforcing Telos’ Leading Position for Zero-Knowledge and Privacy Innovation According to Telos, the move also positions the platform as an attractive hub for developers building cutting-edge privacy protocols, confidential smart contract mechanisms, and zk-powered tooling. Additionally, the builders are anticipated to utilize the upgraded cryptographic framework for the development of scalable, efficient, and secure decentralized tools. Ultimately, as the network is implementing BLS Signature Aggregation, it reaffirms its status as a prominent blockchain infrastructure for next-gen zero-knowledge and privacy innovation.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
Andre Cronje rezignoval z představenstva Sonic Labs a spolu s ním odcházejí i další dva zakladatelé. S mezitím klesl za měsíc zhruba o 37 % a drží se poblíž rekordních minim.
Andre Cronje, the former CTO and board member of Sonic Labs, has resigned. Two other founding members of Sonic, Michael Kong and David Richardson, are also stepping down.
The reshuffle lands while S sits about 91% below its January 2025 peak, reviving questions over whether it has bottomed. Matt Visser becomes the second chief executive in nine months.
Sonic (S) Token Price Performance. Source: BeInCryptoCronje and Co-founders Hand the Board to VisserSonic Labs framed the exits as an orderly handover. Kong, Cronje, and Richardson remain invested in Sonic’s success but will no longer make business decisions, per the team’s announcement. As of now, it’s unclear whether or not they will retain financial stakes in the organization.
The change caps a turbulent year in the C-suite. Sonic named Mitchell Demeter CEO last September to court institutional money, then lost him by February, leaving the founding board to run operations.
Cronje built much of decentralized finance (DeFi) and left those projects abruptly in 2022. He has lately turned to Flying Tulip, a new exchange he is raising money to build.
S Token Tests New Lows as Deposits FleeThe market reaction has been harsh. S recently traded around $0.029, down about 6% in 24 hours and roughly 37% over the past month. It has fallen close to 91% this year.
The slide has cut Sonic’s value to about $111 million, ranking it near 250th. The token sits just above the record low it set on June 6, far below its $1.03 high from January 2025.
The capital flight runs deeper than price. Sonic, which grew from Fantom’s rebrand to Sonic, once hit $1 billion TVL within months of launch.
Total value locked has since collapsed to about $18 million, DefiLlama shows. That is a drop of roughly 98% from a 2025 peak above $1.1 billion.
Sonic TVL. Source: DefiLlama “Woke up today to read about Andre Cronje resigning from Sonic Labs board. Checked CoinGecko and see that token is down 90% in last 1 year. Market cap $116m. So many projects are struggling so much this bear market. Tough year, but probably we haven’t bottomed yet unfortunately,” commented Bobby Ong, co-founder of CoinGecko.
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Sonic Promises a Reset as Critics Question TimingStill, not everyone accepted the framing. Critics argue that stepping back during a downturn erodes trust.
Worst possible timing.
You don't leave a project in this condition and call it leadership.
At this point, people are right to ask whether Sonic was just another stop before the next shiny opportunity.
This is a dangerous way to erode trust, and it rarely ends well.$S https://t.co/po2TfXQdko
— Nimesh (@NimeshOnchain) June 20, 2026 Sonic insists its survival does not hinge on the token. The team says it carries no venture capital, unlocks, and funds development from a diversified treasury, giving it runway regardless of price.
Management also points to steady output, claiming 400 pull requests merged this year, two releases shipped, and a private testnet running for version 2.2.0.
Visser set expectations modestly, not promising a quick rebound.
“I am not here to promise an instant turnaround. I am here to make Sonic 1% better every single day and let that compound. Show up, do the work, prove it in public, repeat,” read an excerpt in the announcement, citing Matt Visser, Sonic CEO.
Could that discipline help steady the S token?
Sonic (S) Falls 40% In A Month as RSI Flashes Fresh Sell SignalThe Sonic price has slid back toward the record low it set earlier this month. Momentum indicators have turned sharply negative.
S now sits below every major moving average, with sellers firmly in control. Buyers have shown little appetite to defend current levels.
Sonic Price Outlook. source: TradingViewMomentum points to week demand, with the Relative Strength Index (RSI) sitting at 32.50, just above oversold territory and beneath its 33.25 signal line.
The chart marks this crossover as a fresh sell signal, given that every time the RSI crossed below the signal line in the recent past, the price extended the fall.
The reading echoes the mixed signals from a recent volume surge. An RSI reclaim of 40 would hint that selling is cooling.
Now, the S price prediction hinges on a $0.028 floor, as the Sonic token’s value remains pinned beneath a descending trendline and the 20-day EMA at $0.033.
A daily close under the $0.028 support could trigger a retest of the $0.0277 record low, roughly 5% lower.
Reclaiming $0.033 would invalidate the bearish setup. Longer-term forecast models stay cautious.
The Fantom Opera shutdown on June 30 may add volatility as holders finish migrating.
Since launch, Sonic has become the home of the ecosystem – users, builders, liquidity, and validators have all made the move.
With that transition complete, Fantom Opera will be retired on June 30, 2026.
The Fantom Opera network will cease operation at 5:00 PM GMT on June 30,… pic.twitter.com/VrKRlO1FKU
— Sonic (@SonicLabs) April 7, 2026 A hold above $0.028 keeps a rebound alive, while a break below confirms the downtrend.
Osmosis oznámil, že bylo spáleno přes 8 milionů OSMO a nyní je spuštěn automatizovaný mechanismus spalování. Od 10. listopadu 2025 tak denně mizí zhruba 79 000 OSMO.
Osmosis, a decentralized exchange (DEX) and DeFi hub platform built on the Cosmos blockchain, today announced that over 8 million OSMO tokens have been burned and permanently removed from the circulating supply. Late last month, on October 26, 2025, the DeFi platform disclosed a token burning program aiming to decrease the circulating supply of OSMO. The protocol scheduled the first phase of 100 million tokens for burning and permanent removal over the next 30 days.
New Automated Osmosis Token Burn Mechanism: What it means Beginning on Monday, November 10, 2025, Osmosis successfully implemented a new automated burn mechanism following the completion of the final manual burn from taker fees, according to data shared by market analyst Johnny Wyles.
This means that the token burning process now happens in two stages. The first phase (manual stage) involves coordinated changes across the protocol, with collaborations between validators and node operators. The second phase (powered by an autonomous system) runs multiple enhancements to bolster efficiency and reliability, with the automated burning process remaining a continuous process, not just a one-off event.
With the new automated program in place, the daily burn rate is approximately 79,000 OSMO tokens per day, which is equivalent to a monthly burn rate of 2.37 million tokens per month, according to the metrics reported by the analyst. This further translates to an annual burn rate of 28.84 million tokens per year. While this falls short of the target mentioned above, the automated token burn initiative (with time) will efficiently decrease the total market calculation of OSMO tokens. This exercise will improve the market perception of the scarcity of OSMO tokens and build the cornerstone for the price growth.
OSMO Price Analysis and Prediction Despite the token burning program in progress, Osmosis has not experienced significant price movement. Its price, which currently stands at $0.100, has been down 2.5% and 5.5% in the last 24 hours and over the past week, respectively.
The current price of Osmosis is $0.100. With the automated process, the protocol uses network fees to repurchase and burn OSMO, as a result will create a deflationary effect on supply and boost prices in the future. This supply reduction has the potential to bolster the price of OSMO to higher levels because it decreases the availability of tokens and increases scarcity.
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.
Osmosis navrhuje konverzi OSMO na ATOM a těsnější integraci s Cosmos Hub. Držitelé by mohli směnit OSMO za ATOM během šestiměsíčního okna podle pevného kurzu 1,998 OSMO za 0,0355 ATOM.
Osmosis has proposed converting OSMO to ATOM and tightening Cosmos Hub integration, testing whether chain mergers can boost liquidity, governance, and valuations.
Summary
Osmosis plan offers OSMO–ATOM conversion at a fixed rate over six months, with unclaimed ATOM returning to the Hub community pool. Proposal would bind Osmosis liquidity, security, and governance more tightly to Cosmos Hub, positioning ATOM as the primary base asset. The move sharpens Cosmos’ consolidation vs app‑chain sovereignty debate, putting OSMO and ATOM holders in control via governance votes. Interoperable DEX Osmosis has put forward a sweeping proposal to convert OSMO into ATOM and migrate its core protocol more tightly into the Cosmos Hub, in one of the most aggressive consolidation moves yet seen in the Cosmos ecosystem. The plan would effectively bind Osmosis’s liquidity, security, and governance more directly to the Hub, while offering OSMO holders a time‑limited path into ATOM exposure.
Under the proposal, all circulating OSMO – excluding undeployed community pool tokens – could be converted to ATOM over a six‑month window at a fixed rate of 1.998 OSMO for 0.0355 ATOM. Holders who do not claim within that period would see the corresponding ATOM returned to the Cosmos Hub community pool, concentrating unclaimed value under Hub governance. The structure is explicitly designed to avoid permanent dangling liabilities, while forcing a clear decision from tokenholders on whether they want to align with the Hub or exit.
Strategically, the proposal aims to turn Osmosis from a largely independent app‑chain into a native liquidity engine for Cosmos Hub, potentially simplifying the stack for users and institutional players who view Cosmos as fragmented. By consolidating liquidity and security at the Hub layer, proponents argue that Cosmos can present a cleaner narrative to external capital: one core base asset (ATOM), one primary liquidity venue (Osmosis on Hub), and unified governance. For Osmosis, the move could widen its addressable user base if ATOM’s brand and distribution outweigh the loss of a standalone token.
The trade‑offs are significant. OSMO holders face dilution of protocol‑specific upside in exchange for broader ATOM exposure and tighter alignment with the Hub’s long‑term roadmap. Cosmos Hub, on the other hand, would be implicitly underwriting Osmosis’s future, importing not only its liquidity and fees but also its technical and governance risk. Success would push Cosmos further toward a “hub and spokes” model with ATOM at the center; failure would strengthen the case for app‑chain sovereignty over consolidation.
If passed, the proposal would mark a clear escalation in the ongoing debate over how Cosmos should compete with more monolithic ecosystems like Ethereum and Solana. It would also provide a live test of whether token conversions and protocol mergers can unlock higher valuations and deeper liquidity, or whether they simply shuffle risk and governance complexity from one balance sheet to another. For now, all eyes will be on how both OSMO and ATOM holders respond at the ballot box.
Storj bought Valdi, a provider of high-performance cloud computing, for an undisclosed amount.The deal means that Storj can also offer GPUs to its enterprise clients.Storj, a crypto-backed cloud-storage platform, said it bought Valdi, a provider of high-performance cloud computing, to add graphics-processing-unit (GPU) computing for its enterprise clients.
The Valdi network comprises over 16,000 GPUs globally and provides on-demand processing that is used for artificial intelligence (AI) training in industries such as technology, research and life sciences, Storj said in a press release. Terms of the deal were not disclosed.
Surging demand for power and infrastructure from AI and high-performance computing firms (HPC) has seen some bitcoin BTC$61,650.42 miners pivot away from mining. Core Scientific (CORZ) recently signed a 12-year, 200 megawatt (MW) AI deal with cloud computing firm CoreWeave.
“Today’s enterprises demand new high-performance cloud solutions to innovate affordably and sustainably,” Storj chief revenue officer Colby Winegar said in the release.
Valdi aims to address the shortage of GPUs driven by the growth of the artificial intelligence market by allowing customers to use available GPU compute cycles in data centers across the world, Storj said.
“Valdi’s global network of data centers with high performance cloud compute is a natural extension of Storj’s distributed cloud and particularly exciting as our joint storage and GPU offering is optimized for Generative AI workloads,” Winegar said.
Storj se dohodl na akvizici společnosti Inveniam. Pro držitele STORJ se nic nemění: token zůstává jednotkou pro storage a bandwidth a bude dál obchodován na burzách.
As you may have seen, Storj has agreed to be acquired by Inveniam, the global leader in decentralized AI technology for private markets. This marks an exciting new chapter for Storj as we continue to grow and expand our decentralized cloud storage and compute network.
This acquisition strengthens the foundation of our community. With Inveniam’s support, we’ll accelerate development, expand partnerships, and continue innovating while keeping STORJ an important part of our ecosystem.
While we’re excited about what’s ahead, we want to ensure we’re clear about what this means for you as a STORJ tokenholder right now:
No changes to STORJ’s utility: The token will continue to be the unit of exchange for storage and bandwidth on the Storj network.Node operator payments remain the same: You’ll continue earning STORJ for contributing storage and bandwidth. Trading and liquidity are unaffected: STORJ will remain listed on exchanges. Our mission remains largely unchanged: Storj’s focus on building the best distributed storage and compute platform remains steadfast. Partnering with Inveniam means gaining more support and resources to continue advancing our mission and vision. We deeply value your support as customers, partners, node operators, and tokenholders. Together, we’ve built the most secure and performant distributed storage network in the world, and this milestone ensures we can take it even further.
By joining forces with Inveniam, we expand our footprint and increase the financial resources to continue to grow and invest in the Storj ecosystem. We also become part of an organization that is a leader in complementary spaces, such as the tokenization of real-world assets. While more on our joint plans are forthcoming, part of the attraction for working with Inveniam was their interest in creating a distributed and decentralized marketplace for cloud computing resources generally, where blockchain plays a critical role.
For more details, please read our full announcement [link to corporate press release] and visit our blog post and FAQ.
The Dogelon Mars community has approved a proposal to expand the ELON token to the BNB Chain through a vote that concluded on August 24, 2025. This decision, driven by community members, aims to bridge the token to the BNB Chain, thereby improving accessibility and reducing transaction costs.
Overview of Dogelon Mars and the ELON TokenDogelon Mars, known by its ticker $ELON, is a memecoin that debuted in April 2021. It draws inspiration from themes involving Elon Musk, canine motifs similar to those found in Dogecoin and Shiba Inu, and concepts of space exploration focused on Mars colonization. The token functions as an ERC-20 standard on the Ethereum blockchain, with existing bridges to Polygon and Solana for broader use.
The project's narrative centers on a fictional comic storyline featuring a character named Dogelon, a dog-like figure navigating galactic adventures to recolonize Mars while confronting threats such as annihilators. This story has helped build a large community on X and Telegram.
ELON is available on Decentralized Exchanges (DEX), including Uniswap on Ethereum, QuickSwap on Polygon, and Raydium on Solana. It also trades on centralized platforms including Gate.io, HTX, and LBank.
The token emphasizes community governance through the Dogelon DAO, where holders use their tokens to vote on proposals. Previous community decisions have included burning 1 trillion ELON in March 2024, releasing NFT collections like Dogelon, and forming partnerships, such as with Meme Alliance FPS in April 2024.
The proposal to expand Dogelon Mars to the BNB Chain was submitted by a community member on August 17, 2025, via the Dogelon DAO forum. The initiative aimed to bridge the ELON token to BNB Chain. This blockchain is recognized for its high throughput and low transaction fees, often below $0.01 per operation, along with a substantial user base.
The rationale outlined in the proposal highlighted BNB Chain's increasing activity in daily transactions and decentralized finance volume. Proponents argued that this move would reduce dependence on Ethereum's higher gas fees, attract users from the Binance ecosystem, and facilitate cross-chain liquidity. The expansion positions ELON as a multi-chain asset, complementing its presence on Ethereum, Polygon, Solana, and even Bitcoin through a rune airdrop in December 2024.
Specific actions proposed included bridging ELON using secure protocols, establishing liquidity pools on BNB decentralized exchanges such as PancakeSwap, introducing staking and yield farming programs, and pursuing collaborations with BNB Chain protocols for marketing and integration. Ethereum would remain the primary chain, with mechanisms for seamless transfers across networks.
Voting options were straightforward: yes or no on the expansion. Community discussions on the forum addressed the potential benefits of trading, staking, and yield farming, while also noting concerns about token dilution and implementation challenges. The proposal emphasized BNB Chain's compatibility with the Ethereum Virtual Machine, which simplifies the transition for developers.
The vote took place via the Dogelon DAO on Snapshot, a tool that enables gas-free voting based on token holdings. It ran from August 17 to around August 24, 2025, aligning with standard DAO timelines. Following the conclusion, the protocol took to X that the vote was passed.
Final Thoughts: Potential Impacts of the BNB Chain LaunchThe expansion to BNB Chain could offer lower entry barriers for users, integration with Binance tools like wallets and decentralized exchanges, and decentralized finance features such as staking with potential annual percentage yields of 10% to 20%, comparable to those of other projects. This fits ELON's multi-chain approach, which may enhance adoption and increase token burns through transaction fees.
Risks include liquidity spread across multiple chains, reliance on BNB's ecosystem amid regulatory scrutiny of Binance, and inherent volatility associated with memecoin investments. Past expansions, such as the Solana bridge, have led to short-term price movements followed by stabilization, without guaranteeing long-term gains.
In the meantime, the vote has been passed, but no launch date has been set. Implementation typically occurs within weeks to months, involving the setup of a bridge and the addition of liquidity. BSCN recommends following the official Dogelon Mars X account to stay updated with further developments.
Resources:
Dogelon Mars X account: https://x.com/DogelonMars Dogelon Mars Website: https://dogelonmars.com/ Dogelon Proposals: https://dao.dogelonmars.com/
Illuvium restrukturalizuje tým a snižuje měsíční burn rate blíže k 500 000 USD. Projekt má nyní 24měsíční runway a podle Kieran Warwicka nehledá nové financování.
Ethereum gaming franchise Illuvium has undergone a company restructuring, resulting in layoffs along with some core contributors opting to take pay cuts or receive their wages in the gaming IP’s own token.
The downsizing comes after Illuvium released a trio of interconnected games last year—Overworld, Arena, and Zero—that covered varying genres. Despite its ambitious vision, the community's reaction wasn't overwhelmingly positive following years of development.
In December, co-founder Kieran Warwick admitted that "concerns" about the franchise's gameplay were valid and that things had to change. Part of this included that Illuvium had "significantly" reduced its costs via capping wages at $85,000, among other adjustments.
But this week, Warwick said that more substantial cuts had to be made.
"We made the difficult decision to restructure our core contributor team to bring our monthly burn rate closer to $500,000," Warwick said in a Tuesday statement. "We want to extend our sincere gratitude to everyone affected by these changes."
The statement on X (formerly Twitter) further explains that some employees have "generously offered" to take pay cuts, while others have chosen to receive their salary in the project's ILV token rather than the USDC stablecoin. It also alludes to letting employees go as part of a “leaner” approach, although never explicitly says this is the case.
In the replies, Illuvium Community Manager DickKingz, also known as Rich, explained that the team is now down to 66 core contributors—down from between 100 to 150 people as of late.
"The trim to 66 was unfortunately a lot of my teammates and friends, and [I] hate to see them go," Rich said. "Hopefully it’s only bye for now, and in the future when things improve, we can bring many back."
Illuvium did not immediately respond to Decrypt's request for comment.
As a result of the restructuring, as well as some other operating cost cutting measures, Illuvium has gotten closer to its "burn rate" goal of $500,000—it was at $900,000 as of December. This means that the Illuvium franchise now has a 24-month runway to continue development.
Previously, Warwick explained that Illuvium planned to seek fresh funding around March. But in the wake of the restructuring, he confirmed that the franchise isn't looking to raise "right now."
He had also previously outlined a plan to move the franchise forward. The co-founder proposed focusing on one game at a time—rather than the three games it was developing—including reworking its Overworld to be a more streamlined version of a massively multiplayer online game, or MMO, and reducing in-game microtransactions.
It appears that the 24 month-runway will get the project to the point of completing its auto-battler, starting the rework of Overworld, and attempting to keep the community engaged, according to the restructuring statement.
"This is step one in the rebuild. Now we have the runway, and it will continue to be extended," Warwick said on X. "Enormous updates are coming mid-next month: Auto drone runs, multiplayer servers, and leaderboards reactivated."
"28-3 down with two minutes to go in the third quarter," he added, comparing the project to a losing team in a football game. "We're about to run this shit back so hard."
Edited by Andrew Hayward
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Oasis uzavřel partnerství s Hats Finance a spouští 1milionový $ROSE fond na doplňkové audity a bug bounty pro dApps na Sapphire. Prvním prověřovaným projektem bude illumineX.
Oasis has partnered with Hats Finance to enhance security for decentralized apps (dApps) on its Sapphire platform. It has launched a 1 million $ROSE pool to fund secondary audits and bug bounties. This initiative aims to improve dApp security within the Oasis ecosystem.
Hats Finance to Manage Oasis dApp Security Initiative Hats Finance will oversee this program with an aim of rewarding researchers and hackers who will develop exploits on selected dApp code. As for the first dApp to go through this review, it will be illumineX, while the competition will begin in July.
Security of the network and the ecosystem has always been a top priority for Oasis. This collaboration with Hats Finance is a leap towards guaranteeing extensive audits and bug bounties for Oasis projects. The 1 million $ROSE pool is intended to lower the cost for dApp developers and simplify auditing.
Hats Finance performs periodic audits with security researchers and hackers, and has bug bounties for initially deployed dApps. This ensures that all the identified vulnerabilities are big and genuine.
Hats Finance to Leverage EVM Compatibility for Oasis Security Ofir, the head of growth at Hats, pointed to their previous cooperation and stressed that adding more audits and bounties would enhance users’ and developers’ security.
Hats Finance will use its subgraph and associated contracts on Sapphire, benefiting from EVM compatibility and Safe assistance in creating a registry and a governance multisig Safe on Sapphire, strengthening the ecosystem’s security apparatus.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
SEC vydala nové rámce pro tokenizované cenné papíry a jasně rozlišila mezi custody a syntetickými modely. Robinhood mezitím tlačí tokenizaci akcií, kterou chce rozšířit na 24/7 obchodování.
The US Securities and Exchange Commission released a comprehensive classification framework for tokenized securities on the same day Robinhood’s CEO publicly called for stock market tokenization.
Meanwhile, Terra’s Mirror Protocol—the first large-scale experiment in synthetic tokenized securities—ended with over $40 billion in investor losses and its founder’s guilty plea, underscoring the urgent need for regulatory clarity.
SEC Presents Tokenized Securities FrameworkOn January 28, the SEC’s Divisions of Corporation Finance, Investment Management, and Trading and Markets jointly issued a “Statement on Tokenized Securities.” The statement systematically classifies various structures of blockchain-recorded securities and specifies how existing federal securities laws apply to each type.
The SEC divided tokenized securities into two broad categories. The first is “issuer-sponsored tokenized securities,” where companies directly issue their own securities in token form. In this case, the blockchain functions as part of the master securityholder file. Token transfers constitute transfers of securities ownership.
The second is “third-party-sponsored tokenized securities,” where parties unaffiliated with the issuer tokenize existing securities. The SEC further subdivided this into custodial and synthetic models. Custodial models hold the underlying securities in custody, with tokens representing indirect ownership interests. Synthetic models provide only price exposure without conferring actual ownership rights.
Mirror Protocol: The Dark PrecedentThe first large-scale experiment in what the SEC now defines as “synthetic tokenized securities” was Mirror Protocol. Do Kwon launched it in December 2020. The platform, built on the Terra blockchain, purportedly enabled trading in synthetic versions of US-listed stocks like Apple and Tesla.
Do Kwon promoted the project as “granting intuitive access to global financial markets for disenfranchised users.” He claimed Mirror operated in a decentralized manner. Neither he nor Terraform played any role in its governance, he said.
The reality was starkly different. According to the US Attorney’s Office’s December 2025 sentencing statement, Do Kwon and Terraform “secretly maintained control over Mirror, and used automated trading bots to manipulate the prices of synthetic assets.” He also “caused Terraform to inflate key user metrics to deceive investors about the extent of Mirror’s adoption and decentralization.”
Mirror was part of a broader fraud scheme at Terraform. When UST and LUNA collapsed in May 2022, investors lost over $40 billion. Do Kwon was arrested in Montenegro in March 2023 while traveling on a fraudulent passport and was sentenced to 15 years in prison on December 11, 2025.
Robinhood Stock Tokens: A Different ApproachRobinhood already offers over 2,000 US stock tokens in Europe. The company describes them as “tokenized contracts that follow [stock] price” and “derivative contracts that do not grant rights to underlying securities”—fitting squarely into the SEC’s synthetic tokenized securities category, just like Mirror.
But the differences are substantial. Robinhood operates as a regulated financial institution, complying with MiFID II and transparently disclosing the derivative nature of its products. The company states that underlying assets are held by a US-licensed institution. Investors can start with as little as €1 and receive dividends when eligible.
Mirror, by contrast, disguised itself as a “decentralized community project” to evade regulation, while Do Kwon secretly controlled it. Its collateral was the algorithmic stablecoin UST, which ultimately collapsed.
Tenev’s Vision: From GameStop to TokenizationRobinhood CEO Vlad Tenev issued his statement on January 28—exactly five years after the GameStop buying halt that thrust his company into crisis. He identified the T+2 settlement system as the root cause, arguing that tokenization-enabled real-time settlement is the solution.
“T+1 is still far too long, particularly when you factor in that it really means T+3 on Fridays, or T+4 on long weekends,” Tenev wrote. Blockchain-based tokenization would eliminate settlement risk and enable customers to trade freely at any time.
Tenev announced plans to enable 24/7 trading and DeFi access within the coming months. Investors could self-custody their stock tokens and use them for lending and staking. If realized, this would shift Robinhood’s structure from synthetic to custodial. It could address the current risk: total capital loss if the company goes insolvent.
The Push for Regulatory ClarityTenev praised the current SEC leadership for supporting tokenization experiments and urged the passage of the CLARITY Act, which is under consideration in Congress. “Legislation would ensure that subsequent commissions cannot abandon or reverse the progress achieved by this SEC,” he wrote.
The SEC statement represents staff views without legal binding force, but the precedent of Mirror Protocol demonstrates what regulatory gaps can produce. Do Kwon built his fraudulent empire by claiming “decentralization” exempted him from securities laws—a claim the SEC’s new framework explicitly rejects.
Saito spustilo mainnet a tvrdí, že jde o plně decentralizovanou Web3 infrastrukturu bez závislosti na cloudových službách či externích API. Síť už zpracovala více než 70 milionů bloků bez známých exploitů.
Saito, a next‑generation peer‑to‑peer blockchain platform, today announced the successful launch of its mainnet, ushering in a new era of truly decentralised Web3 infrastructure built for efficient, sustainable, and scalable decentralised applications.
Unlike traditional blockchains that reward miners or stakers for block production alone, Saito uniquely compensates nodes for routing, storage, and compute work, enabling developers to build and power fully on‑chain applications without reliance on centralised cloud services, external APIs, or off‑chain backends.
Saito’s mainnet launch marks a pivotal milestone in blockchain infrastructure and real‑world Web3 adoption.
“Today represents a major moment for Web3,” said Richard Parris, Co‑Founder of Saito. “We started this project because we believed existing systems couldn’t deliver on decentralisation at scale. Now Saito is live, stable, and delivering what others can’t; a network that works for developers and users alike.”
New Infrastructure Designed for Scalable, Decentralised Applications Saito’s mainnet launch introduces several key innovations intended to address long‑standing challenges in decentralised application infrastructure:
Automatic Transaction Rebroadcasting (ATR): a novel mechanism that combats chain bloat and ensures long‑term data availability through incentive‑based rebroadcasting of transactions.
Block Staking: a low‑overhead, non‑inflationary mechanism that enhances network security even when transaction volumes are low.
Smart NFTs: dynamic, logic‑bearing assets that eliminate the need for complex virtual machines, enabling efficient on‑chain functionality. These features collectively create a true peer‑to‑peer computing layer, where developers can build with familiar web‑native tools, without proprietary stacks, special languages like Solidity, or hidden backend services.
Proven Network Stability and Real‑World Testing Saito’s network has processed more than 70 million blocks with consistent uptime and no known exploits, demonstrating robustness and reliability in real‑world conditions. All core components of Saito’s consensus mechanism have been publicly open and reviewed, with full documentation available at wiki.saito.io.
Mainnet status was declared after the network met key self‑defined benchmarks, including full decentralisation of participating nodes, successful ATR pruning cycles in production, and stability under real‑world load.
“With Saito in Mainnet, the world finally has a production blockchain without rich-get-richer economics and majoritarian attacks. I couldn’t be prouder of our community for helping us make Saito a reality, and would like to think that Satoshi would be proud too,” said David Lancashire, co-founder of Saito.
Developer‑Ready, Open For Innovation Saito’s architecture enables developers, startups, and enterprises to build the next generation of Web3 applications – from social and messaging apps to gaming and encrypted communication – entirely on‑chain and browser‑native. No centralised APIs, backend servers, or external services are required, keeping user data and experience sovereign.
“We designed Saito so developers can ship fast, with payments built in and data ownership preserved,” added Parris. “This is decentralisation in action; practical, powerful, and open.”
About Saito Saito is a decentralised blockchain protocol purpose‑built for peer‑to‑peer web applications and sustainable Web3 infrastructure. Built to eliminate dependencies on centralised services and unsustainable token models, Saito’s mainnet combines economic incentives with developer usability to support scalable, fully decentralised applications.
For more information about Saito’s architecture, live applications, and development tools, visit https://saito.io or explore technical documentation at wiki.saito.io.
Richard Parris [email protected] Oliver Mills [email protected] Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.
Ripple získal v Evropě předběžné schválení podle MiCA pro regulované krypto platební služby. Zároveň Binance hlásí už sedm dní v řadě převahu výběrů XRP nad vklady.
For months, XRP holders have watched price action struggle to gain meaningful traction. Yet beneath the surface, two developments are quietly reshaping the conversation around the asset. The latest XRP news centers on Ripple securing preliminary MiCA approval in Europe and a notable shift in Binance transaction behavior that has persisted for an entire week.
Neither event guarantees a price reversal. Still, both point toward growing institutional relevance and changing user behavior at a time when market participants have been searching for reasons to turn constructive.
Ripple Gets Europe’s Regulatory Green LightRipple announced that it has received preliminary MiCA approval to offer regulated crypto payment services across Europe. The approval effectively moves the company closer to legally providing crypto and stablecoin-based payment infrastructure to banks and businesses throughout the European Union.
MiCA is widely viewed as one of the most comprehensive crypto regulatory frameworks globally. According to details shared around the announcement, regulators issued Ripple a “green light letter,” indicating the company has met major requirements while final conditions remain before a full license is granted.
For Ripple, the implications extend beyond compliance. The approval opens the door for broader adoption of its payment technology, including RLUSD, among institutions seeking regulated cross-border settlement solutions.
Institutions Could Finally Join The NetworkThe significance of the development lies in accessibility. European banks and businesses may eventually gain a compliant pathway to use Ripple’s infrastructure for international payments. In an industry often slowed by regulatory uncertainty, obtaining preliminary approval under MiCA provides an important credibility boost.
More importantly, it strengthens the long-term utility narrative surrounding the broader XRP ecosystem. While traders often focus on daily price fluctuations, infrastructure milestones tend to have a longer shelf life than short-lived market hype.
Binance Data Shows A Curious ShiftAt the same time, on-chain activity is telling an interesting story. According to CryptoQuant data shared by Amr Taha, XRP withdrawal transactions on Binance have dominated deposit transactions for seven consecutive days since June 17. On June 23, withdrawals accounted for 53.8% of transaction activity, the highest level recorded since June 2024.
Meanwhile, deposit transactions fell to 46.1%, marking their lowest reading since 2024. The result is a 7.7 percentage-point gap favoring withdrawals.
It’s important to note that this metric tracks the share of transactions rather than the dollar value of XRP being moved. Even so, the persistence of withdrawal dominance stands out because it reflects a sustained behavioral shift rather than a one-day anomaly.
Why XRP Holders Are Paying AttentionMarkets rarely move on a single catalyst. However, a combination of expanding regulatory legitimacy and consistent withdrawal activity is enough to keep investors watching closely.
The XRP price may not be reflecting that optimism yet, but the latest XRP news suggests that adoption and network behavior are moving in a direction many long-term participants would prefer. Whether that ultimately translates into a stronger trend remains the question traders will be monitoring in the weeks ahead.
Story Ends Here
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Ink přechází na Optimism OP Enterprise Fully Managed v rámci víceleté smlouvy, přičemž Optimism bude provozovat jeho produkční infrastrukturu. Ink zároveň slouží jako design partner pro OP Enterprise.
Ink, a Kraken-incubated Ethereum Layer 2 built on the OP Stack, is upgrading to Optimism's OP Enterprise Fully Managed under a multi-year deal, the projects said Wednesday.
Under the deal, Optimism will operate Ink's production infrastructure while the Ink Foundation focuses on ecosystem growth and new financial products. In a statement shared exclusively with The Block, Optimism said the arrangement is one of the first instances of a major Layer 2 delegating infrastructure operations to a managed provider.
Launched in December 2024, Ink said it processed more than 1 million transactions in the first 24 hours after its mainnet went live, and applications built on the network now generate close to $40 million in annual revenue.
Ink signs on as OP Enterprise design partner Ink will also serve as a design partner for OP Enterprise, Optimism's infrastructure offering for institutions and exchanges building onchain financial products. The roadmap includes programmable block building, one-day withdrawals to Ethereum, and sequencer-level compliance tooling, alongside performance targets of 400 megagas per second in guaranteed throughput and block times as low as 100 milliseconds by the end of 2026.
"Programmable financial infrastructure is becoming the foundation of how institutions build onchain, but operating that infrastructure requires a different set of expertise," Optimism CEO Jing Wang said in the statement. "By working together, the Ink Foundation can focus on growing the ecosystem while Optimism focuses on operating and improving the network."
Ink Foundation Head of Strategy Zach Le said running a blockchain in production is a "unique operational challenge" and that the foundation chose Optimism to operate the network because it built the stack Ink runs on. "The next phase of onchain finance demands a chain operated by those with the technical depth to prioritize reliability and security in everything they do," Le said.
Ink's move follows the launch of Bitpanda's Vision Chain, the first network deployed on OP Enterprise Fully Managed earlier this year. Optimism said adding Ink expands the managed tier to exchange-linked blockchain networks in the U.S. and Europe.
The deal also lands as usage across major optimistic rollups has pulled back from 2025 highs, with active addresses down from nearly 3 million a year ago to under 600,000 in recent weeks, according to The Block's data dashboard.
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Scallop oznámil strategické partnerství s DWF Labs, které má posílit likviditu tokenu Scallop na centralizovaných burzách i OTC trhu. DWF Labs bude hlavním poskytovatelem likvidity.
Scallop, a pioneering Next Generation peer-to-peer Money Market for the Sui ecosystem, has announced a significant milestone in its journey. The platform has secured a strategic partnership with DWF Labs, a leading new generation Web3 investor and one of the world’s largest high-frequency cryptocurrency trading entities. This collaboration signifies a major step forward for Scallop, as it aims to enhance its efforts in expanding DeFi adoption.
Enhanced Liquidity and Market Visibility As part of the partnership, DWF Labs will act as Scallop’s principal liquidity provider across various centralized exchanges and support over-the-counter (OTC) trading activities.
The primary objective of this collaboration is to bolster the liquidity of the Scallop token on a global scale. Leveraging DWF Labs’ extensive expertise and network of relationships with trading platforms and exchanges, Scallop is poised to elevate its market visibility and expand its ecosystem significantly.
This strategic alliance not only strengthens Scallop’s position in the DeFi space but also extends its reach into the institutional market. By promoting adoption among institutional investors, Scallop aims to establish itself as a key player in the broader cryptocurrency landscape. The investment from DWF Labs will accelerate the execution of Scallop’s roadmap, enabling the team to fulfill its commitments to the community and explore new ventures.
About DWF Labs and Scallop DWF Labs, known as the new generation Web3 investor and market maker, is among the largest high-frequency cryptocurrency trading entities globally. The entity engages in spot and derivatives markets across over 60 top exchanges, bringing extensive experience and market insights to its partnership with Scallop.
Scallop, on the other hand, stands as the first DeFi protocol to receive an official grant from the Sui Foundation. Positioned as a Next Generation peer-to-peer Money Market for the Sui ecosystem, Scallop aims to revolutionize DeFi by providing innovative financial solutions and fostering broader adoption.
With the support of DWF Labs and its commitment to expanding DeFi accessibility, Scallop is poised to make significant strides in its mission to reshape the future of decentralized finance. As the partnership unfolds, investors and enthusiasts can expect to see exciting developments that contribute to the growth and sustainability of the Scallop ecosystem.
AUTHOR
Mysterious crypto writer with expertise in blockchain, offering deep insights that captivate and intrigue readers. With a unique ability to uncover hidden insights and trends, Samuel delivers in-depth analysis and thought-provoking content that keeps readers on the edge of their seats. His writing style is engaging and informative, blending technical knowledge with a sense of intrigue, making complex crypto topics accessible to both newcomers and seasoned industry professionals. Samuel’s work continues to capture the attention of the crypto community, solidifying his reputation as a trusted voice in the space.
The Sui Network (SUI) has achieved a remarkable milestone, temporarily surpassing a total value locked (TVL) of $1 billion, marking the highest level in its history. According to the DeFi data platform DefiLlama, this growth was recorded as of September 19. The Sui Network continues to attract the attention of investors with its noteworthy performance in the cryptocurrency market.
NAVI Protocol and Scallop Lend Shine in TVL GrowthAmong the lending protocols operating on the Sui Network, NAVI Protocol has reached a TVL of $310.86 million, reflecting a weekly increase of 15.46%. NAVI Protocol stands out as one of the largest lending platforms in the Sui ecosystem, enabling users to securely lend various cryptocurrencies.
Scallop Lend has also recorded a significant growth of 20.83% this week, bringing its TVL to $140.55 million. This increase reflects the growing popularity of the protocol among users and its effectiveness in the lending market. Scallop Lend aims to attract more users on the Sui Network by offering innovative solutions to support lending activities.
Suilend and Continued Growth within the EcosystemThe Suilend platform has also made significant strides, increasing its TVL to $134.39 million, which corresponds to a weekly growth rate of 15.14%. Suilend allows users to lend and borrow various cryptocurrencies, enhancing liquidity within the Sui Network. The platform attracts users with its flexible lending terms and broad asset support.
The rapid current growth in the Sui Network highlights the increase in the number of DeFi projects supporting the development of the cryptocurrency market and the expansion of its user base. The rising TVL values of lending protocols particularly reflect investors’ confidence in the DeFi ecosystem. With its dynamic structure, the Sui Network aims to attract more investors and continues to expand its ecosystem.
In addition to its TVL growth, SUI coin has seen a 14.02% increase in the last 24 hours, currently trading at $1.36.
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.
Scallop na Sui za posledních 24 hodin vykázal příjmy 79 920 USD a v DeFi lendingu je druhý za Aave. Tím potvrdil své vedoucí postavení v rámci ekosystému Sui.
[PRESS RELEASE – Singapore, Singapore, March 29th, 2025]
Scallop, a lending and borrowing protocol on the Sui blockchain, has recorded an impressive revenue of $79,920 over the past 24 hours, according to recent data from DeFiLlama. This achievement places Scallop second among all decentralized finance (DeFi) lending protocols, trailing only Aave, a well-established name in the sector. The milestone underscores Scallop’s growing prominence within the Sui ecosystem and the broader DeFi landscape.
The Sui Ecosystem: A Foundation for Innovation
Sui, a high-performance Layer 1 blockchain launched in May 2023, has quickly emerged as a hub for scalable and efficient DeFi applications. Designed with a unique object-centric data model and powered by the Move programming language, Sui offers low transaction fees, high throughput, and robust security. These attributes have fueled significant growth in its DeFi ecosystem, with Total Value Locked (TVL) surpassing $2 billion in early 2025, as reported by DeFiLlama. The blockchain’s ability to process transactions in parallel and achieve instant finality has attracted developers and users alike, positioning Sui as a competitive player alongside established networks like Ethereum and Solana.
The Sui Foundation, the organization driving the blockchain’s development, has played a pivotal role in nurturing innovative projects. Scallop stands out as the first DeFi protocol to receive an official grant from the Sui Foundation, a testament to its strategic importance within the ecosystem. This support, combined with backing from prominent industry players such as CMS Holdings, 6th Man Ventures (6MV), UOB Venture Management, and notable individuals like Dingaling, Pentoshi, and Virtual Beacon, has provided Scallop with a strong foundation for growth.
Scallop Protocol: Redefining Lending on Sui
Scallop Lend is a peer-to-peer money market protocol built on Sui, offering users a platform to lend and borrow digital assets with institutional-grade features. Since its token generation event (TGE) a year ago, Scallop has established itself as the top lending and borrowing protocol on Sui, boasting a TVL of approximately $130.27 million as of March 29, 2025. This figure reflects a notable 34% increase over the past seven days, highlighting sustained user confidence and adoption. The protocol’s total deposits and collateral currently stand at $187 million, with cumulative revenue reaching $3.94 million. The protocol’s total deposits and collaterals have now surpassed $200 million, a significant milestone that reinforces Scallop’s position as the leading money market on Sui.
Users can Supply and Borrow with Scallop here: https://app.scallop.io Scallop’s design emphasizes accessibility, security, and user experience. It separates lent assets from collateral to enhance resilience and employs a vote-escrow (ve) model to incentivize borrowing activity. Under this model, users who stake Scallop’s native token, $SCA, can access higher yield rewards. To date, the community has locked more than 27 million $SCA tokens—over 10% of the total supply—for an average duration of 3.72 years, signaling strong long-term commitment to the protocol.
In the past three days, Scallop has expanded its offerings by listing the Walrus token and partnering with Binance Wallet to host a yield-focused activity. These developments reflect Scallop’s ongoing efforts to diversify its ecosystem and enhance value for users.
A Competitive Force in DeFi Lending
Scallop’s recent 24-hour revenue of $79,920 positions it as a formidable contender in the DeFi lending space, trailing only Aave, a protocol with a long-standing presence on Ethereum and other chains. With a focus on scalability and innovation, Scallop leverages Sui’s technical advantages to deliver a seamless experience for lenders and borrowers. Its open-source framework has also enabled other projects within the Sui ecosystem to build on its infrastructure, further amplifying its impact.
As the Sui ecosystem continues to mature, Scallop’s performance suggests it is well-positioned to maintain its leadership in lending and borrowing. The protocol’s combination of strategic partnerships, community engagement, and robust metrics underscores its potential to shape the future of DeFi on Sui and beyond.
About Scallop
Scallop is the pioneering Next Generation peer-to-peer Money Market for the Sui ecosystem and is also the first DeFi protocol to receive an official grant from the Sui Foundation.
The protocol offers a range of financial services, including high-interest lending, low-fee borrowing, asset management, and automated market-making (AMM) tools, all on a single platform. Additionally, Scallop provides a software development kit (SDK) that enables professional traders to implement complex trades, including zero-interest loans easily. By emphasizing security and adhering to best practices, Scallop aims to reduce the risk of malicious behavior in the DeFi space, providing users with a trustworthy and reliable platform.
Main Street Capital ukončila dluhovou i akciovou investici do Centre Technologies po dokončení většinové rekapitalizace s novým finančním sponzorem. Z prodeje akciové investice vykázala realizovaný zisk 46,4 milionu USD.
Generates $46.4 Million Realized Gain from Exit of Equity Investment in Centre Technologies Holdings, LLC
, /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently exited its debt investments and equity investment in Centre Technologies Holdings, LLC ("Centre" or the "Company") upon the completion of a majority recapitalization with a new financial sponsor. Founded in 2006 and headquartered in Houston, Texas, Centre is a provider of information technology (IT) services, including managed services, cloud solutions, cyber security, IT consulting and business intelligence (BI) services to lower and middle market businesses, often serving as a fully outsourced IT department.
Main Street partnered with Centre's existing owners and senior management team in January 2019 to facilitate a minority recapitalization of the Company and provide growth capital to help facilitate the Company's acquisition growth strategy. Main Street's initial investment consisted of a $2.4 million revolving line of credit, a $12.2 million first lien, senior secured term loan and a $5.8 million direct equity investment. After Main Street's initial investment, Centre completed seven follow-on acquisitions with Main Street funding an additional cumulative $27.7 million under the first lien, senior secured term loan facility and $0.5 million in direct equity investments to support the Company's acquisition strategy and other corporate activities, resulting in Main Street's total debt investments and total equity investments growing to $42.3 million and $6.4 million, respectively.
Main Street realized a gain of $46.4 million on the exit of its equity investment in Centre, including a minority equity ownership position in Centre's acquirer that Main Street received as part of the sale proceeds, with this realized value representing an increase of $6.8 million above Main Street's fair market value for this equity investment as of March 31, 2026. Main Street also received total dividends of $2.2 million over the life of its equity investment in the Company. As a result, on a cumulative basis since Main Street's initial investment in January 2019 and taking the realized gain, dividends and fees into consideration, Main Street realized an annual internal rate of return ("IRR") of 40.1% and an 8.8 times money invested ("TMI") return on its equity investment in Centre. On a cumulative basis including both Main Street's debt and equity investments in the Company, Main Street realized an IRR of 23.2% and a 2.4 TMI return.
ABOUT MAIN STREET CAPITAL CORPORATION
Main Street (www.mainstcapital.com) is a principal investment firm that primarily provides customized long-term debt and equity capital solutions to lower middle market companies and debt capital to private companies owned by or in the process of being acquired by a private equity fund. Main Street's portfolio investments are typically made to support management buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in diverse industry sectors. Main Street seeks to partner with entrepreneurs, business owners and management teams and generally provides customized "one-stop" debt and equity financing solutions within its lower middle market investment strategy. Main Street seeks to partner with private equity fund sponsors and primarily invests in secured debt investments in its private loan investment strategy. Main Street's lower middle market portfolio companies generally have annual revenues between $10 million and $150 million. Main Street's private loan portfolio companies generally have annual revenues between $25 million and $500 million.
Main Street, through its wholly-owned portfolio company MSC Adviser I, LLC ("MSC Adviser"), also maintains an asset management business through which it manages investments for external parties. MSC Adviser is registered as an investment adviser under the Investment Advisers Act of 1940, as amended.
Contacts:
Main Street Capital Corporation
Dwayne L. Hyzak, CEO, [email protected]
Ryan R. Nelson, CFO, [email protected]
713-350-6000
XYO surged over 65% to an intraday high of $0.025 on Jan. 29, as the crypto rebounded from a downtrend that had persisted since December.
According to data from crypto.news, XYO Network (XYO) rose by 40% over the past day after it announced XYO Layer One, with its price moving from $0.0157 to $0.0224 at the time of writing. During the same period, the asset’s market cap shot up 42% to $312 million while its trading volume spiked by a massive 1100%, hovering around $86.7 million.
On Jan. 28, XYO launched its own Layer-1 blockchain, XYO Layer One, which is set to serve as the backbone of its ecosystem. The blockchain, featuring multichain support, will reportedly facilitate applications across various sectors, including AI models, blockchain tools, real-world asset management, and DePIN.
Market commentators also observed that the altcoin has recently broken out of a falling wedge pattern, a bullish pattern, which positions the token for more gains ahead.
Further rumors around a potential collaboration with electric car manufacturer Tesla have also gained prominence within the community.
When these rumors first surfaced, XYO responded with a 125% surge in less than 24 hours in early December 2024.
Another factor that could help support XYO’s current rally is the narrative around it being a U.S.-based project. Recent reports claim Eric Trump has floated the idea of a 0% capital gains tax on U.S.-based cryptocurrency projects as a way to boost blockchain innovation.
While Eric Trump isn’t a policymaker himself, his comments have been interpreted as a reflection of the Trump administration’s broader stance. The mere possibility of such a tax incentive has stirred speculation, particularly around projects like XYO, which could see increased interest from investors looking to capitalize on potential tax advantages.
XYO is currently 327% up over the past year, with a circulating supply of around $13.93 billion tokens.
What is XYO crypto? XYO is the governance and utility token of the decentralized physical infrastructure network project with the same name. It powers the XYO ecosystem by supporting consumer software, developer tools, and digital assets.
The network is designed to promote data sovereignty, rewarding users for contributing and maintaining accurate location-based information, with the XYO token serving as the foundation of this system.
Trust Wallet spustila bStocks a nabízí tokenizované americké akcie na BNB Chain bez nutnosti brokerského účtu. Při spuštění je k dispozici pět titulů včetně TSLAB, CRCLB, MUB, SNDKB a NVDAB.
Five tokenized U.S. stocks are currently accessible at the time of launch. From the very beginning, users will be able to put their bStocks to use throughout the whole DeFi ecosystem of BNB Chain. Through a self-custodial experience, Trust Wallet, the premier self-custody cryptocurrency wallet in the world, has announced that it will now offer bStocks. This will provide users with direct access to tokenized U.S. stocks on BNB Chain. It is now possible for customers who meet the requirements to access tokenized securities around the clock, straight from their wallets, and without the need for a conventional brokerage account.
Five tokenized U.S. stocks are currently accessible at the time of launch. These securities are TSLAB (Tesla), CRCLB (Circle Internet Group), MUB (Micron Technology), SNDKB (SanDisk Corporation), and NVDAB (NVIDIA). Additional assets are expected to be released in the near future. Through the use of USDT, users are able to instantly convert into bStocks inside Trust Wallet.
The bStocks are tokenized securities that are hosted on the BNB Chain. They provide economic exposure to U.S.-listed shares by automatically processing price changes, dividends, and stock splits. The user is not needed to take any action in order to get this exposure.
From the very beginning, users will be able to put their bStocks to use throughout the whole DeFi ecosystem of BNB Chain. This includes lending on Venus and Lista DAO, trading on PancakeSwap and Aster, and more. All of this will be possible as they continue to receive dividends on the underlying security. We respect the self-custodial architecture of Trust Wallet, therefore there is no need for Know Your Customer.
On the addition of bStocks, Felix Fan, CEO of Trust Wallet, said:
“Stocks are one of the most popular financial assets in the world, and yet for too many people, the barriers to accessing them are still enormous. bStocks on Trust Wallet is a meaningful step toward removing those barriers – direct access to tokenized U.S. securities, 24/7, self-custodied, and composable across DeFi. And this is just the beginning, bStocks won’t be the last step in that direction.”
The arrival of bStocks is Trust Wallet’s most recent foray into the realm of real-world assets onchain. Trust Wallet is now in the process of developing the self-custody interface in order to facilitate the accessibility of tokenized stocks and other conventional financial instruments as they continue to migrate onto public blockchain blockchains. The Trust Wallet platform is now offering bStocks to users that meet the requirements.
Disclaimer
Please note that Stocks Tokenized Securities are categorized as Certificates that represent certain Financial Instruments (according to paragraph 92 of Schedule 1 to FSMR). By definition, bStocks are not stocks or shares, and holders of bStocks are not permitted to directly own a share or stock in the firm that is listed as the underlying corporation. It is only in the ADGM that stocks are made available for purchase via an Approved Prospectus; they are not made available in any other jurisdiction. Securities that have been tokenized are only offered on a secondary market basis to users who are qualified and who reside in areas that are authorized. Legal, regulatory, operational, sanctions, tax, market, or risk-control factors may cause changes in product availability at any moment. These changes may occur for a variety of reasons. Once you have passed an eligibility check, you do not automatically have the right to continue using the service. Those terms are not within Trust Wallet’s control, and the company does not make any promises or assurances about them. bStocks are not accessible for purchase or sale in specific locations, such as the United States of America, the United Kingdom, or the European Union.
Furthermore, they are not permitted to be offered for sale, sold, or delivered to any “U.S. Person.” Before moving on, it is solely your duty to check if the accessing and trading of tokenized securities is legal in the country in which you reside. The fact that you are accessing this product from a country in which it is restricted or forbidden does not in any way establish any duty or obligation on the part of Trust Wallet.
It is merely for general information that this material is provided. The information that is provided in conjunction with tokenized securities is not meant to be construed as an offer, solicitation, promotion, recommendation, or invitation to purchase or sell shares in any jurisdiction. bStocks are susceptible to a variety of risks, including liquidity risk, issuer risk, custody risk, broker risk, operational risk, technological risk, regulatory risk, tax risk, fees, withholding, transfer limitations, and the possibility of losing the whole investment. bStocks do not reflect ownership of the underlying asset’s issuer, nor do they even have any kind of link with the issuer. Invariably, DYOR. With assistance from external parties. Your use of Trust Wallet is subject to the Terms of Service, which can be found at https://trustwallet.com/terms-of-service.
Trust Wallet is a Web3 wallet and gateway that provides users with the ability to completely own, manage, and utilize the power of their digital assets. It is a secure wallet that allows users to do so on their own. In a single location and without any restrictions, Trust Wallet makes it simpler, more secure, and more convenient for millions of people all over the globe to experience Web3, use decentralized applications (dApps) in a secure manner, store and manage their cryptocurrency, purchase, trade, and stake cryptocurrency in order to receive rewards. This is true for both novice and expert users alike.
Casper 2.0 je na mainnetu a má posunout síť k využití pro reálná aktiva. Upgrade přináší okamžitou finalitu, nativní upgradovatelnost a správu přístupu pro tokenizaci a on-chain finance.
The Casper Association is proud to announce that Casper 2.0 went live on the mainnet on May 6, 2025, a major milestone that marks the network’s evolution into a platform purpose-built for RWAs (real-world assets). Casper 2.0 bridges crypto-native innovation with enterprise-grade infrastructure, advancing a vision where blockchain doesn’t exist in isolation but powers real economies and everyday applications – not just itself.
With this upgrade, Casper moves beyond siloed ecosystems, offering a developer- and business-friendly environment ready to support the next wave of tokenized assets, on-chain finance and real-world adoption.
Matt Schaffnit, CEO and board director of the Casper Association, said,
“Casper 2.0 is more than a milestone – it’s a launchpad for real-world blockchain adoption.
“With instant, deterministic finality, native upgradability and built-in access control, we’re enabling a new generation of applications that secure identity, ownership and value across industries.
“I’m especially excited by the growing momentum around real-world use cases now possible on Casper 2.0.”
The next wave of industry expansion depends on real-world utility with systems that secure ownership, support compliance and integrate with economies beyond Web 3.0.
Casper 2.0 delivers on that promise with foundational improvements that make it one of the most complete and adaptable blockchains for tokenizing, transacting and governing RWAs and processes on-chain.
Zug consensus A new deterministic consensus protocol, Zug brings instant finality to Casper, ensuring that ownership transitions for assets such as real estate, commodities and tokenized instruments are not only immediate and irreversible but also leave a clear, tamper–proof audit trail.
Natively secured upgradable smart contracts Real-world systems demand precise control, accountability and compliance. Casper 2.0 delivers.
With natively upgradable contracts, built-in multi-signature support and fine-grained permissions, developers can design workflows that are both auditable and compliant by default.
Every party in an asset transaction, from buyer and seller to broker, escrow agent and auditor, is restricted to only the specific functionality they’re authorized to access, mirroring the security and role-based access controls of traditional systems.
Developer accessibility Casper 2.0 meets builders where they are, empowering millions of software developers to build on-chain using familiar languages and modern design patterns, without the steep learning curves and constraints typical of Web 3.0 development.
Beyond its core innovations, Casper 2.0 introduces critical infrastructure enhancements, including support for multiple virtual machines, expanding the network’s capacity to support complex, real-world applications.
Casper 2.0 also unlocks a powerful set of capabilities that redefine and expand what developers can build and what users can expect on-chain.
Smart contracts can now integrate rewards and yield directly into their logic through natively secured liquid staking, leverage zero-knowledge hashing algorithms to enable privacy-preserving identity and compliance solutions and utilize a native token burning mechanism to implement new supply-control strategies.
Michael Steuer, CTO and president of the board of the Casper Association, said,
“Casper 2.0 is the result of a simple and powerful idea – that blockchain should support the same kinds of assets, rules and processes that exist in the real world.
“By design, Casper 2.0 enables real-world asset transactions to settle instantly, businesses to implement access controls that mirror reality and applications to seamlessly upgrade as regulations evolve.
“Casper 2.0 allows developers to focus on building applications – not engineering around limitations.”
Additionally, the Casper 2.0 upgrade underwent a rigorous, independent audit by Halborn Security, ensuring its codebase aligns with top-tier industry standards and reinforcing trust in its secure, enterprise-ready foundation.
More information on Casper 2.0, including documentation, development tools and an overview of the network’s new capabilities, is available at the website.
About Casper Network Casper Network (CSPR) is a decentralized, layer-one PoS (proof-of-stake) blockchain designed for the real-world economy.
It empowers people to openly benefit from who they are, what they do and what they own – across borders, businesses and communities, both within and beyond Web 3.0.
With instant finality, upgradeable smart contracts, enterprise-grade security and flexible permissioning, Casper’s infrastructure supports the secure tokenization, management and exchange of assets and sensitive data across both public and private environments.
The Casper Association, a non-profit organization based in Switzerland, promotes the decentralized development and adoption of the Casper protocol, network and ecosystem.
Learn more about Casper Network at the website.
Contact the Casper Association below.
Press and media usage information available here.
Contact Ronan Breen, marketing and communications for Casper Association
[PRESS RELEASE – Zug, Switzerland, September 25th, 2025]
Casper Association is pleased to announce that $CSPR, the main utility token of the Casper Network, is now listed on Gate US exchange. The listing marks a key step in expanding the reach and accessibility of the Casper ecosystem in the United States.
Gate is one of the longest-running and most established cryptocurrency exchanges globally, offering a broad selection of digital assets, high liquidity, and regulatory compliance in key jurisdictions. With its strong presence in the U.S. and among international retail and institutional users, Gate US provides an important on-ramp for new users to discover and interact with the Casper blockchain.
The new listing aligns with Casper Association’s broader strategy of increasing visibility and adoption across key global markets, with a clear emphasis on expanding into the United States. As one of the most mature and active blockchain communities worldwide, the U.S. market presents significant opportunities for adoption and ecosystem growth.
“With recent advancements in the US regulatory environment and the imminent launch of US-centric projects on Casper Network, we are delighted to provide more access to $CSPR via Gate US, one of the leading exchanges worldwide,” added Michael Steuer, President and CTO of Casper Association.
The Casper Association views this listing as the first of several initiatives aimed at deepening its footprint in the American blockchain ecosystem. In addition to increasing token accessibility, the Association is actively engaging with U.S.-based partners, developers, and institutions to expand the adoption of Casper’s technology stack.
With a growing network of ecosystem users, developers, and adopters, Casper remains focused on delivering secure and scalable blockchain infrastructure to meet the needs of real-world applications.
About Gate
Gate is the U.S. home of Gate Group, one of the world’s leading crypto platforms. Purpose-built for American customers, it delivers secure and compliant spot trading powered by Gate’s global infrastructure. Beyond crypto-to-crypto trading pairs, Gate is rolling out fiat on/off ramps, custodial wallet support, and seamless local payment options. With transparency and compliance at its foundation, Gate is building trust and fueling the healthy growth of the U.S. digital asset market.
About Casper Association
Casper Network (CSPR) is a decentralized, layer 1 Proof-of-Stake blockchain designed for the real-world economy. It empowers people to openly benefit from who they are, what they do, and what they own, across borders, businesses, and communities, both within and beyond Web3.
With instant finality, upgradeable smart contracts, enterprise-grade security, and flexible permissioning, Casper’s infrastructure supports the secure tokenization, management, and exchange of assets and sensitive data across both public and private environments.
The Casper Association, a non-profit organization based in Switzerland, promotes the decentralized development and adoption of the Casper protocol, network, and ecosystem.
Learn more about Casper Network at https://casper.network.
Casper Network se připojil k ERC3643 Association a posiluje tak své zaměření na regulovanou tokenizaci reálných aktiv. Cílem je nabídnout podnikům a institucím infrastrukturu pro vydávání a správu tokenizovaných aktiv v souladu s regulací.
[PRESS RELEASE – Zug, Switzerland, October 8th, 2025]
The Casper Association, the nonprofit entity supporting the continued decentralization and growth of Casper Network, an enterprise-grade, proof-of-stake blockchain optimized for scalable and secure Web3 adoption, today announced that Casper Network has joined the ERC3643 Association. This move reinforces Casper Network’s leadership in building the next generation of compliant real-world asset (RWA) tokenization.
By aligning with ERC-3643, Casper Network strengthens its mission to provide enterprises, developers, and institutions with the infrastructure needed to issue, manage, and evolve tokenized assets in full compliance with global regulatory frameworks.
Created by Tokeny, ERC-3643 is the leading open-source framework for permissioned token issuance, recognized by regulators and trusted by financial institutions worldwide. Designed specifically to meet compliance requirements, ERC-3643 is a cornerstone standard for institutional adoption of blockchain-based securities and other regulated instruments.
Once fully implemented, Casper Network’s contributions to ERC-3643 adoption will include:
Driving Real World Use Case Adoption: Enabling issuers, developers, and regulators to launch ERC-3643-compliant assets directly on Casper Network. Regulatory-Ready Flexibility: Leveraging Casper Network’s upgradeable smart contracts to allow assets to adapt as compliance requirements evolve without disruptive migrations. Cross-Chain Readiness: Positioning ERC-3643 for future interoperability with Ethereum and other networks as Casper Network continues to expand its connectivity roadmap. “Casper Network is committed to enabling real-world commercial applications of blockchain. With ERC-3643, businesses can remain fully compliant with evolving regulations, while everyday users gain the assurance that tokenized assets are managed with the highest levels of security and transparency,” said Matt Schaffnit, CEO of the Casper Association.
“We are delighted to welcome the incredible Casper Association to the ERC3643 Association. As a non-EVM layer-1 with validator-driven governance and a strong commitment to compliance, Casper brings unique strengths to advancing ERC-3643 adoption. Its Swiss domicile and enterprise-grade design make it an ideal partner for building trust with regulators and institutions. Together, we will expand ERC-3643 into new ecosystems, promote interoperability across blockchains, and strengthen the foundation for a global, regulated market for tokenized assets. We are excited for exemplar projects such as Casper to strengthen our mission as we continue to break new barriers with global regulators,” said Dennis O’Connell, President of the ERC-3643 Association.
Why this matters
The integration of ERC-3643’s compliance architecture with Casper Network’s scalable design sets a new standard for tokenization. This collaboration provides institutions with the regulatory assurance, interoperability, and enterprise-grade capabilities needed to accelerate the adoption of tokenized financial instruments worldwide.
About ERC3643 Association
The ERC3643 Association is a non-profit organization regrouping industry leaders with a shared mission to advance the adoption of the ERC-3643 or “T-REX” standard and promote a secure, interoperable, and compliant tokenization framework. The association unites technical expertise and industry experience to drive innovation and foster a globally accessible infrastructure for tokenized assets. Learn more at www.erc3643.org.
About Casper Network & Casper Association
Casper Network (CSPR) is a decentralized, layer 1 Proof-of-Stake blockchain designed for the real-world economy. It empowers people to openly benefit from who they are, what they do, and what they own, across borders, businesses, and communities, both within and beyond Web3.
With instant finality, upgradeable smart contracts, enterprise-grade security, and flexible permissioning, Casper’s infrastructure supports the secure tokenization, management, and exchange of assets and sensitive data across both public and private environments.
The Casper Association, a non-profit organization based in Switzerland, promotes the decentralized development and adoption of the Casper protocol, network, and ecosystem.
Guggenheim Treasury Securities uvedla na Ethereum první digitální komerční papír. Amp.Fi Digital pro ni emitovala tokenizovaný komerční papír za 20 milionů USD, ohodnocený ratingem Moody’s na P-1.
Global investment firm Guggenheim Treasury Securities has issued the first Digital Commercial Paper (DCP) on Ethereum, as the tokenization of financial instruments on blockchains gains traction among traditional finance giants.
Commercial paper is a kind of short-term debt security that corporations sell to raise funds. It differs from other debt instruments such as bonds and loans because it is unsecured and not backed by collateral.
Amp.Fi Digital, a blockchain platform designed to issue, trade and provide governance of digital assets, issued $20 million in tokenized commercial paper for Guggenheim on Ethereum, developer Zeconomy said Thursday.
The rollout of yet another tokenized real-world asset follows U.S. federal regulators’ approval of spot Bitcoin ETFs earlier this year, a watershed event that has fueled traditional finance titans’ appetites for blockchain-based digital assets, according to Zeconomy.
Moody’s Investor Service gave Guggenheim’s issuance a rating of P-1, its highest credit rating.
“As clearly demonstrated by the ETFs approval and the growth of the tokenization space, there is a massive demand for these digital assets, and we want to enable our partners so they can be at the forefront of what could be a transformative moment in the financial industry,” Zeconomy CEO Giacinto Cosenza said Thursday in a statement.
The rolling out of DCP on Ethereum marks the latest example of real-world asset tokenization on blockchains—a growing trend. Tokenized government securities such as U.S. Treasury Bills have hit more than $2 billion in market capitalization as institutional interest in the digital asset class accelerates, data from RWA.xyz shows.
In recent months, tokenized Treasury funds’ market capitalization have ballooned. BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), launched in March, holds $513 million in assets—up more than 100% since its debut, data shows.
Meanwhile, Franklin Templeton’s OnChain U.S. Government Money Fund's market capitalization (FOBXX) has soared to more than $420 million since its launch in 2021, according to the investment management firm's data.
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XRP po spuštění stablecoinu RLUSD od Ripple Labs vzrostl za 24 hodin o 3,65 % a stal se nejvýkonnější velkou kryptoměnou. Velryby nakoupily přes 830 milionů XRP.
XRP (CRYPTO: XRP) became the best-performing large-cap cryptocurrency Monday following the launch of Ripple Labs' USD-backed stablecoin RLUSD.
What happened: The payments-focused cryptocurrency rose 3.51% in the last 24 hours, outpacing the returns of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).
With the latest push, XRP's monthly gains zoomed to 138%, the biggest among cryptocurrencies in the top 10 by market capitalization.
The rally was likely powered by significant buying interest from whale investors. Noted cryptocurrency analyst Ali Martinez highlighted that whales purchased over 830 million XRP, worth over $2 billion at prevailing market prices.
See Also: If You Invested $1,000 In Bitcoin When The First Bitcoin ETF Was Filed, Here’s How Much You’d Have Today
The readings of moving averages supported the coin’s bullish potential. XRP's price was greater than nearly all of its exponential moving averages and simple moving averages, indicating that investors’ current expectations are higher than their average expectations over the past period.
However, the Moving Average Convergence Divergence indicator, which compares two exponential moving averages, flashed a ‘Sell' signal.
The Bull Bear Power indicator, used for measuring the strength of buyers and sellers in the market, was ‘Neutral" as of this writing.
Moreover. XRP's Open Interest, a measure of its speculative interest, rose 5.26% in the last 24 hours and nearly 450% since Nov. 5, the presidential election day, data from Coinglass revealed.
About 75% of all Binance traders with an open interest were positioned long on the asset, signaling the expectation of further upsides.
Why It Matters: Optimism around XRP was tied to several factors, with the most notable being the launch of RLUSD from Ripple, a payments company that uses XRP for its operations.
Ripple President Monica Long said Monday that the release marked a new chapter for the XRP Ledger, the blockchain technology powering Ripple's operations.
Ripple planned to position RLUSD for a range of financial applications, including instant cross-border settlements, Treasury operations, and integration with decentralized finance protocols.
Furthermore, with SEC Chair Gary Gensler’s tenure coming to an end and being succeeded by cryptocurrency-friendly Paul Atkins, investors feel more confident about XRP.
Ripple has been locked in a nearly four-year-long legal battle with the SEC over the status of XRP, and any change in the agency’s top leadership is viewed with optimism.
Price Action: At the time of writing, XRP was exchanging hands at $2.49, up 3.65% in the last 24 hours, according to data from Benzinga Pro.
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Musicow oznámil strategické partnerství s Injective, které má dostat hudební IP na blockchain a otevřít dílčí vlastnictví hudebních práv globálním investorům. Injective má poskytnout tokenizační infrastrukturu pro tento trh.
Musicow Partners with Injective to Bring Music IP OnchainToday, Musicow announced a strategic partnership with Injective to take music intellectual property rights onchain for fans and investors worldwide.
Musicow is the pioneer of fan-driven music ownership and the leading Music Equity Service Provider in South Korea. Injective is the first layer 1 blockchain purpose-built for finance, with a native real-world asset module that has anchored tokenized equities, FX, commodities, and institutional stablecoins since 2024. Together, the two companies are building the tokenization infrastructure to take fractional music IP participation past one country and into a global market that has been waiting for a credible onchain venue.
Wall Street already bought in. Fans didn’t get to until now.Music is one of the largest cultural asset classes in the world. Global recorded music revenue closed 2025 at $31.7 billion, up 6.4% year-over-year, the eleventh straight year of growth. The total value of music copyright, combining recorded and publishing rights, reached $47.2 billion in 2024 and has nearly doubled in a decade. Goldman Sachs projects the total music market will roughly double again to around $200 billion by 2035. For context, the entire real-world asset market onchain today sits at roughly $32 billion, and music IP is functionally absent from it. That gap is where this partnership sits.
The forward curve is steeper than the spot. Goldman Sachs forecasts recorded music alone growing from $29.6 billion in 2024 to $43.4 billion by 2030 and $55.0 billion by 2035. Adding publishing and live, the total music industry is projected to reach roughly $200 billion within the next decade. The near-doubling of music copyright value in a decade, to $47.2 billion in 2024, is the cleanest available proxy for what the underlying rights are worth as an asset class. Music IP throws off yield, scales globally, and moves independently of most traditional asset classes.
Institutional capital has spent the last five years acquiring music IP at unprecedented scale. Sony Music’s reported $1.27 billion acquisition of the Queen catalog in 2024 is the largest single-artist music deal ever publicly reported. Sony also closed Pink Floyd’s recorded and name-and-likeness rights for roughly $400 million the same year. Justin Bieber’s pre-2022 catalog sold to Hipgnosis Songs Capital for more than $200 million in 2023.
The institutional verdict is in. The retail and global investor base is the side that has been locked out, and this is exactly what Injective will work to fix.
Tokenization infrastructure is here on Injective. Music IP was missing.Real-world asset tokenization stopped being a pitch deck in 2025 and started landing on balance sheets. Total RWA value onchain, excluding stablecoins, surged past $26 billion in early 2026, roughly a 4x year-over-year increase. Live tracker data places the figure closer to $32 billion today. BlackRock’s BUIDL fund crossed roughly $2.5 billion in assets under management. Franklin Templeton’s FOBXX tokenized money market fund crossed $1.98 billion. Tokenized U.S. Treasury products as a category surpassed $5 billion in 2025. Tokenized private credit reached roughly $18 billion in early 2026.
Cultural and IP assets, including music, are essentially absent from this picture. RWA.xyz does not break music IP out as a tracked category. No music IP tokenization deal at a meaningful scale has been publicly recorded on a major chain. That is what makes the next move structurally significant. The first chain to anchor a credible, regulated music IP standard sits at a different tier from every chain that does not.
Musicow already runs the playbookMusicow built the original retail market for fractional music rights and has run it at national scale for the better part of a decade. The Korean platform, live since 2017, has reached roughly 1.2 million cumulative members and processed about KRW 420 billion (around $293 million) in transaction volume across roughly 20,000 music IP rights. The platform showed what fractional music ownership looks like when fans are treated as stakeholders, not as a marketing audience.
Musicow US, the company’s American arm, launched in early 2025 with backing from Roc Nation and was structured from day one as a regulated Music Equity Service Provider. Musicow has built fan-facing infrastructure for music rights revenue participation, a compliance posture, and the artist relationships to source premium catalogs. The Injective partnership adds the global settlement layer, the rails that let international fans and investors access music IP offerings the same way they access any other digital financial product.
Why Injective was chosen for this tokenization projectInjective was the first blockchain to ship a native real-world asset module at the network level, integrated in January 2024. The architectural choice was deliberate. RWA issuance, permissioning, and lifecycle management live in the protocol itself rather than in an application stack on top of it. Sub-second block times, an onchain orderbook, native IBC, Ethereum, and Solana connectivity, and the November 2025 MultiVM EVM mainnet launch mean assets issued on Injective can move and settle across the largest ecosystems in crypto without fragmenting liquidity.
The institutional footprint is the other half of the answer. Injective has already brought tokenized equities, pre-IPO stocks, and stablecoins onchain at meaningful scale. iAssets include programmable trackers for Nvidia, Apple, Microsoft, Amazon, Google, Meta, Netflix, Coinbase, MicroStrategy, Robinhood, McDonald’s, and a TradFi Index. The pre-IPO stock launch with Republic generated roughly $1 billion in trading volume within 30 days of going live in August of 2025 alone. USD-denominated stablecoin volume across the ecosystem has crossed $40 billion since launch.
The regulated derivatives stack now sits on top. CFTC-regulated INJ futures began trading on Bitnomial Exchange in April 2026, making INJ one of a small set of digital assets with U.S. regulated derivatives infrastructure. Canary Capital has an active staked-INJ ETF filing with the SEC. Google Cloud and Binance’s YZI Labs operate validators on the network and sit on the Injective Council. Payments-grade performance, MultiVM execution, regulated derivatives, an institutional stablecoin footprint, and a native RWA module are why a partner like Musicow chose Injective over any other chain.
The catalog drops are comingMusicow has signaled that several major music launches and expanded entertainment initiatives are next, with this partnership as the first step toward operating as a truly global platform for music rights participation. The catalogs to come are expected to include globally recognized artists and franchise-level music IP. In aggregate, the pipeline stands to become one of the largest tokenization efforts in history and the largest cultural-IP tokenization effort ever brought onchain.
The strategic shape of the partnership matters as much as the scale. Musicow has the regulated framework for fractional music ownership and the artist relationships to source premium catalogs. Injective has the highest-performance financial infrastructure in crypto and the institutional posture that catalog owners require. Together, the two companies are positioning music IP to take its place alongside treasuries, equities, and private credit as a recognized onchain asset class.
More details on the rollout, the artists involved, and the structure of the offerings will be published in the coming months. Stay tuned.
About MusicowMusicow stands as the unrivaled pioneer in the realm of artist-to-fan music asset ownership on a global scale. As the foremost Music Equity Service Provider™ in South Korea, our primary objective is to extend the same exceptional experience to the world. Since its establishment in 2017, Musicow has been dedicated to constructing a superior music ecosystem, forging an extraordinary bond between fans and their beloved artists.
About InjectiveInjective is a lightning fast interoperable layer one blockchain optimized for building premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.
Injective spustila Policy Institute (IPI) 21. května, který má jednat s americkými regulátory a zákonodárci o pravidlech pro onchain finance. Zaměří se na DeFi, onchain deriváty, stablecoiny a tokenizaci.
Crypto projects typically spend their energy shipping code and chasing liquidity. Injective is now adding a third priority: lobbying Washington.
The Injective Policy Institute, or IPI, officially launched on May 21 as a dedicated policy and research organization designed to engage directly with US regulators and lawmakers. Its mission is straightforward, if ambitious: build clear regulatory frameworks for onchain finance and position America as the global leader in digital asset innovation.
What the IPI actually does The institute’s scope covers four of the most consequential regulatory battlegrounds in crypto right now: decentralized finance, onchain derivatives, stablecoins, and tokenization.
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John Medel, who serves as Head of Public Policy at Injective, is leading the effort. Medel has already been active in federal policy discussions, including dialogues surrounding the Clarity Act of 2025.
The IPI isn’t starting from scratch, either. Injective’s previous policy engagement included a submission on July 1, 2025, addressing how DeFi protocols should be treated under the Exchange Act.
The institute has laid out four core principles guiding its work: clarity over ambiguity, access over exclusion, sovereignty over intermediation, and American leadership in digital finance.
Going forward, the IPI plans to host technical briefings and produce in-depth policy analyses aimed at lawmakers and regulators.
Why this matters right now For a Layer 1 blockchain like Injective, which is rooted in the United States and focused on financial applications, the stakes are existential. The wrong regulatory framework could make core products illegal. The right one could unlock a wave of institutional adoption.
What this means for investors Look, the crypto industry has a long history of promising regulatory engagement and delivering very little. The difference here is that Injective has a paper trail. The July 2025 DeFi submission under the Exchange Act shows that the project was already doing this work before formalizing it into an institute.
For the broader market, the IPI’s focus areas, particularly stablecoins and tokenization, are the two sectors most likely to see major regulatory action in the near term.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Tokenizované akcie dosáhly denního objemu obchodování 3,57 miliardy USD, přičemž Injective stojí v centru tohoto růstu. Jeho iAssets umožňují obchodovat syntetické sledovače firem jako Nvidia, Apple, Microsoft a Amazon.
Tokenized equities just posted $3.57 billion in daily trading volume, a record for a sector that barely existed two years ago. Injective, the Layer 1 blockchain built specifically for financial applications, sits at the center of that surge.
To put that number in perspective, the global equities market is worth roughly $134 trillion. Tokenized versions remain a rounding error in that context.
How Injective built the rails Injective’s approach to tokenized equities revolves around its iAssets framework, which creates synthetic trackers for major companies. Think Nvidia, Apple, Microsoft, and Amazon, all tradable as perpetual futures on the Helix decentralized exchange.
These aren’t actual shares of stock. You’re trading a price-tracking instrument that references the real equity price via oracles, without any physical settlement of underlying shares. It’s permissionless, meaning anyone with a wallet can access what used to require a brokerage account and a social security number.
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The leverage options go up to 25x. By the first half of 2025, Injective had already crossed $1 billion in cumulative trading volume for tokenized stock perpetuals. The platform’s native RWA module launched back in January 2024, giving it a meaningful head start in building the infrastructure that’s now handling billions in daily flow.
The Republic partnership and pre-IPO plays One of Injective’s more notable moves has been its collaboration with Republic to tokenize pre-IPO equity exposure. That partnership launched in August 2025 and generated approximately $1 billion in trading volume within its first 30 days.
On May 14, 2026, the platform announced a partnership with Musicow to tokenize music intellectual property rights, signaling that the team views its RWA infrastructure as a general-purpose engine, not just a stock-trading tool.
Regulatory tailwinds are real CFTC-regulated futures for Injective’s native INJ token began trading on Bitnomial in April 2026, a milestone that signals the platform’s willingness to play within traditional compliance frameworks.
Broader regulatory momentum is also helping. Nasdaq has recently received approvals for tokenized trading initiatives, and ongoing SEC discussions are establishing compliance pathways for real-world assets onchain.
What this means for investors The $3.57 billion daily volume figure is impressive, but the investment thesis here isn’t really about one day’s trading. Tokenized equities solve a genuine problem. Global stock markets operate on different schedules, require intermediaries for settlement, and restrict access based on geography and accreditation status. Onchain synthetics eliminate all three friction points simultaneously.
The risk, naturally, is that regulators decide synthetic equity trackers need to be treated like actual securities. If that happens, the permissionless nature of platforms like Helix would need significant modification. The SEC conversations happening right now will determine whether the current model survives or evolves into something more constrained.
There’s also counterparty risk embedded in oracle-based pricing. If the price feed for an Nvidia synthetic deviates significantly from the actual Nvidia stock price, traders on the wrong side of that gap eat the loss. Oracle failures are rare but not theoretical, and at 25x leverage, even small deviations get amplified quickly.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
