WhiteBIT Coin vyskočil téměř o 8 % po rozšíření pětiletého partnerství s FC Barcelona. Dohoda přidává nové funkce pro kryptoměnové platby přes kartu WhiteBIT Nova.
WhiteBIT Coin surged nearly 8% on Wednesday, emerging as one of the top-performing crypto assets as fresh momentum followed a major partnership announcement.
Summary
WhiteBIT Coin rose nearly 8% after announcing a five-year partnership expansion with FC Barcelona, adding new utility via crypto-linked payment features. Deflationary tokenomics, including recent burns and a 33% fee-based buyback program, have supported price strength amid broader market weakness. WBT broke above the $55–$56 range and now eyes $58–$60 resistance, with $54–$55 acting as key support if momentum fades. The token jumped after WhiteBIT confirmed an expanded five-year collaboration with FC Barcelona, strengthening its presence in the global sports ecosystem. The deal introduces new utility features, including a themed WhiteBIT Nova debit card, aimed at integrating crypto payments into the club’s fan experience.
WBT has also continued to benefit from its earlier partnership with Juventus, which has historically supported price growth by boosting brand visibility and user adoption.
At the same time, the rally has been reinforced by strong tokenomics. WhiteBIT maintains a deflationary structure, with regular token burns reducing circulating supply. More than 64,000 WBT, worth around $3.5 million, were removed from circulation in late April, following another burn earlier in the month.
The exchange also allocates roughly 33% of its trading fees toward buybacks, further limiting sell-side pressure and supporting price stability during broader market weakness.
Market expansion efforts have added to the bullish momentum. WBT’s inclusion in S&P crypto indices has improved its institutional visibility, while a recent listing on Kraken has expanded access through new USD and EUR trading pairs.
A strategic cooperation with Saudi-based Durrah AlFodah Holding is also expected to support blockchain adoption initiatives in line with the country’s Vision 2030, potentially opening new growth avenues for the ecosystem.
On the daily chart, WBT has broken out of a consolidation range that had capped price action near the $55–$56 region in recent sessions. The breakout pushed the token to an intraday high near $58 before slightly easing.
WhiteBit Coin price, Supertrend chart — April 30 | Source: crypto.news Price is now trading above key moving averages, including the 20-day and 50-day levels, indicating strengthening short-term momentum. The Supertrend indicator has also flipped bullish, further supporting the upside bias.
If the breakout sustains, the next resistance zone appears near the $58–$60 region, where prior rejection levels are visible. A successful move above this range could open the door for a continuation toward higher levels.
However, if buying momentum fades, WBT could retest support near the $54–$55 zone, which now acts as a key level to watch.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Komunita Toncoinu schválila přejmenování nativního tokenu na Gram a ticker se změní z TON na GRAM. Blockchain TON zůstane beze změny a žádný swap ani migrace neproběhnou.
The Toncoin (TON) community has accepted a proposal, supported by Telegram, to rename the network’s native token. As a result of the vote, the native token known as Toncoin will be renamed “Gram,” and its ticker symbol will change from “TON” to “GRAM.”
In the community vote that began on June 1, 2026 and ended on June 8, 2026 (today), 81.22% of participants supported the proposal. Votes in favor of the proposal amounted to 2.68 million tons, while votes against totaled 604.88 thousand tons. Abstentions accounted for 0.45%.
The proposal submitted by Telegram clarifies that the change only affects the token name and transaction code. Accordingly, the blockchain’s name will remain unchanged, and the network will continue to be referred to as “TON” or “The Open Network.” Furthermore, no token swaps, bridging transactions, migrations, or conversion processes will be implemented. User balances, addresses, smart contracts, and current positions will all remain unchanged. For example, a user with a balance of 10 TON will have their assets displayed directly as 10 GRAM.
The proposal states that the renaming decision is part of the “Make TON Great Again (MTONGA)” initiative. Telegram’s growing role in the TON ecosystem and its emergence as one of the network’s largest validators were cited as key reasons for the change. Additionally, it was noted that recent network updates have increased transaction speeds by approximately tenfold, allowing transactions to be completed in under a second, and reduced fees by about sixfold, almost to zero.
The statement also noted that the name “Gram” is not new to the TON ecosystem. It stated that the native token was defined as Gram in TON’s original technical documentation, and this name continues to be used in the network’s core codebase. Community
*This is not investment advice.
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TON Strategy v květnu získala odhadovaných 3,3 milionu TON na stakingových odměnách a hrubý stakingový výnos stoupl na 1,48 % z 1,39 % v dubnu. Společnost držela asi 227,5 milionu TON.
TON Strategy has reported an estimated 3.3 million TON in May staking rewards while supporting new TON network upgrades. The Nasdaq-listed company said its preliminary gross staking yield reached about 1.48% in May.
TON Strategy generated an estimated 3.3 million TON in May staking rewards. The company’s gross staking yield rose to 1.48% in May from 1.39% in April. TON network upgrades took effect on June 4 and focused on performance, throughput, and scalability. The update came as the firm continued building its treasury around The Open Network’s native token. The company also backed governance changes that took effect on June 4, 2026.
TON Strategy reports a stronger staking yield According toTON Strategy, May gross staking yield rose from 1.39% in April to about 1.48%. On an annualized basis, the May yield reached about 17.80%, compared with 16.7% in April. The company held about 227.5 million TON as of May 31. It said about 226.8 million TON were staked at the end of the month. Based on those holdings, May rewards reached about 3.3 million TON.
The rewards were worth more than $5.6 million based on reported market levels. TON Strategy, formerly Verb Technology, adopted its TON treasury plan in August last year. Since then, the company has become one of the network’s major holders and validators. Its Nasdaq-listed TONX shares traded near $3.15 on Monday. The stock gained about 1.3% during the session and rose about 31% year-to-date.
Meanwhile, Toncoin traded near $1.72, remaining mostly flat year to date. TON Strategy said staking rewards remain important to its treasury operations. The company also said the approved changes should not affect validation rewards. Its update placed staking performance alongside the latest protocol changes.
TON upgrades focus on network performance TON Strategy said it voted in favor of recently approved governance proposals for The Open Network. The company said the proposals focused on network performance, throughput, and scalability. The approved configuration changes took effect on June 4. The upgrades also kept the staking mechanics used by validators. The company said those mechanics support its treasury operations.
The network changes included the TVM 14 upgrade for smart contract execution improvements. TON also added full collated data generation and validation optimizations for validators. The Block Sync Overlay introduced a dedicated validator communication layer. Expanded validation capacity increased the maximum collated data size handled by validators. Other changes adjusted the validator infrastructure and added resource controls for spam and congestion.
Kevin Wilson, CEO of TON Strategy, said the upgrades support applications tied to Telegram. “These network upgrades represent another important step,” Wilson said in the company release. He said validators can now process and communicate activity more efficiently. Wilson also said TON can become faster, more reliable, and more usable as activity grows. TON Strategy said it backed the changes as one of the largest Toncoin validators.
Telegram ecosystem changes continue The update followed recent TON ecosystem changes linked to Telegram CEO Pavel Durov. Earlier this month, Durov announced plans to rename TON’s native cryptocurrency to Gram. The name revives branding from Telegram’s original white paper.
Durov presented the move under his “Make TON Great Again” initiative. The plan also includes fee reductions and further network improvements. Telegram plans to take a larger role in guiding the TON ecosystem. Durov described the effort as a return to the project’s early identity.
TON Strategy’s release also cited April 2026 upgrades that improved block times and transaction costs. The company said recent Acton developer tooling work helps builders test and deploy applications. The latest approved upgrades followed those earlier network and developer changes.
This is a general announcement and marketing communication. Products and services referred to here may not be available in your region. Fellow Binancians, Binance will support the Toncoin (TON) rebranding to Gram (GRAM). General TradingAt 2026-06-30 03:00 (UTC), Binance will remove all existing TON spot trading pairs (i.e.,TON/FDUSD, TON/IDR, TON/TRY, TON/U, TON/USD1, TON/USDC and TON/USDT) and cancel all pending TON spot trading orders.At 2026-07-02 08:00 (UTC), Binance will open trading for the GRAM/FDUSD, GRAM/IDR, GRAM/TRY, GRAM/U, GRAM/USD1, GRAM/USDC and GRAM/USDT trading pairs.Deposits and WithdrawalsAt 2026-06-30 03:30 (UTC), deposits and withdrawals of TON tokens will be suspended. Users should ensure they leave sufficient time for their TON token deposits to be fully processed prior to this time. Deposits and withdrawals of GRAM tokens will open at 2026-07-02 07:00 (UTC).After the event is complete, deposits and withdrawals of TON tokens will no longer be supported.Binance will handle all technical requirements for users who are involved in this event.Users may refer to the announcement from the project team for more information. Rebranding Details TON tokens will assume the ticker of GRAM tokens on Binance. All TON tokens will be swapped to GRAM at a ratio of 1 TON = 1 GRAM. Spot Binance Spot Copy Trading will remove the aforementioned spot trading pairs on 2026-06-26 03:00 (UTC). After this time, any outstanding assets will be force-sold at market price or moved to the Spot Account if the amount is unsellable. Users are strongly advised to update or cancel their Spot Copy Trading portfolios prior to Binance Spot Copy Trading delisting time to avoid potential losses.At 2026-06-30 03:00 (UTC), Binance will remove and cease trading on all Spot trading pairs for TON. The exact trading pairs being removed are: TON/FDUSD, TON/IDR, TON/TRY, TON/U, TON/USD1, TON/USDC and TON/USDT. All trade orders will be automatically removed after trading ceases in each respective trading pair.Binance will remove Trading Bots services for the aforementioned Spot trading pairs where applicable. Users are strongly advised to update and/or cancel their Trading Bots prior to the cessation of Trading Bots services to avoid any potential losses.Binance will open trading for the GRAM/FDUSD, GRAM/IDR, GRAM/TRY, GRAM/U, GRAM/USD1, GRAM/USDC and GRAM/USDT trading pairs at 2026-07-02 08:00 (UTC). Futures Binance Futures will close all positions and conduct an automatic settlement on the TONUSDT USDⓈ-M Perpetual Contracts at 2026-06-23 09:00 (UTC). The contract will be removed after the settlement is complete. Users are advised to close any open positions prior to the settlement time to avoid automatic settlement. Users are not allowed to open new orders for the aforementioned contract(s) starting from 2026-06-23 08:30 (UTC). During the final hour proceeding the scheduled settlement time of a futures contract, the Futures Insurance Fund will not be utilised to support the liquidation process in respect of that futures contract. Any such liquidation triggered during the final hour will be executed as a single Immediate or Cancel order (“IOCO”), which will be offloaded into the market in one attempt. If, following the execution of the IOCO, the assets remaining available in the user's account are sufficient to meet the required Maintenance Margin (after accounting for realized losses and any applicable Liquidation Clearance Fee), the liquidation will cease. If the IOCO fails to fully reduce the position to a level that satisfies the Margin Maintenance requirements, any unfilled portion of the position will be resolved through the Auto-Deleveraging (ADL) process. Users are strongly advised to actively monitor and manage open positions during the final hour, as this period may be subject to heightened volatility and reduced liquidity.In order to protect users and prevent potential risks in extremely volatile market conditions, Binance Futures may undertake additional protective measures toward the TONUSDT USDⓈ-M Perpetual Contracts without further announcements, including but not limited to adjusting the maximum leverage value, position value, and maintenance margin in each margin tier, updating funding rates, such as the interest rate, premium and capped funding rate, changing the constituents of the price index, and using the Last Price Protected mechanism to update the Mark Price. A separate announcement will be made for relisting.At 2026-06-23 09:00 (UTC), Binance Funding Rate Arbitrage Bot will close all arbitrage strategies and conduct an automatic settlement on the TONUSDT symbol(s). Margin At 2026-06-15 06:00 (UTC),Binance Margin will suspend Cross Margin and Isolated Margin borrowings on the aforementioned pair(s).At 2026-06-23 10:00 (UTC) (Margin Scheduled Removal Time),Binance Margin will remove TON from Cross and Isolated Margin. The cross and isolated margin pair(s) of the aforementioned token(s) will be removed from Margin. Effective immediately, users will no longer be able to transfer any amount of the aforementioned token(s) via manual transfers and Auto-Transfer Mode for Cross and Isolated Margin into their Margin Accounts. If users hold outstanding liabilities of said token(s), these users may only manually transfer up to the amount of liabilities of that token(s) into their Margin Accounts, less any collateral already available.At the Margin Scheduled Removal Time, Binance Margin will close users’ positions, conduct an automatic settlement, and cancel all pending orders on the aforementioned Isolated Margin pair(s), which will then be removed from Isolated Margin.At the Margin Scheduled Removal Time, if users hold both collateral and liabilities of the aforementioned token(s) on Cross Margin, the collateral will be used to repay the respective liabilities. If there are remaining collateral or liabilities of the aforementioned token(s), one of two options below will occur:If users only hold the aforementioned token(s) in the form of collateral: If the Collateral Margin Level (CML) is above 2, the aforementioned token(s) will be transferred to users’ Spot Accounts, up to the point when the CML reaches 2. The remaining tokens in their Cross Margin Accounts that are to be removed will then be fully sold. If the CML is below 2, the remaining token(s) in users’ Cross Margin Accounts that are to be removed will be fully sold. If users only hold the aforementioned token(s) in the form of liabilities:If CML is at or above 2, pending orders will not be affected. If the CML is below 2, all pending orders in their Cross Margin Accounts will be canceled. The system will then sell other collateral tokens to buy and fully repay the aforementioned token(s)’ liabilities.Please note that users will not be able to update their positions during the removal process, which may take approximately 3 hours. Users are strongly advised to close their positions and/or transfer their assets from Margin Accounts to Spot Accounts prior to the cessation of margin trading. Binance will not be responsible for any potential losses.A separate announcement will be made for relisting. Portfolio Margin If the aforementioned token(s) remain in the Portfolio Margin Account after the Margin Scheduled Removal Time, they will be automatically liquidated. The removal margin assets will be sold for USDT, and the proceeds will be added to the user's Portfolio Margin balance. Binance is not liable for any losses incurred.Portfolio Margin users are advised to transfer the aforementioned token(s) out of their Margin Accounts to their Spot Accounts and to top up their margin balance before the Margin Scheduled Removal Time where applicable. Users should monitor the Unified Maintenance Margin Ratio (uniMMR) closely to avoid any potential liquidation that may result from the removal of the aforementioned token(s) from the Margin Account. Please Note: For futures perpetual contracts, please refer to the relevant Futures announcements. Refer to this FAQ for more information on how any remaining balances of the aforementioned token(s) in Portfolio Margin users’ Margin Accounts will be treated. Loans At 2026-06-23 07:00 (UTC), Binance Loans (Flexible Rates) and VIP Loan will close all outstanding loan positions for TON (both loanable tokens and collateral tokens will be closed). Users are strongly advised to repay their outstanding TON loans before this time to avoid any potential losses. Please refer to the Binance Loans (Flexible Rates) and VIP Loan FAQs for more information. More details are also available in the Binance Loans and VIP Loan Terms and Conditions. Simple Earn From 2026-06-26 08:00 (UTC),Binance Simple Earn will cease support for TON Simple Earn Flexible and Locked Products. Subscriptions will no longer be available. All remaining TON Flexible and Locked Products positions, together with any accrued rewards, will be automatically redeemed to users’ Spot Accounts. Users can choose to redeem their assets from TON Simple Earn Flexible and Locked Products anytime beforehand without deduction of any accrued rewards. After 2026-07-02 08:00 (UTC), Binance Simple Earn will resubscribe the converted GRAM assets for Flexible and Locked Products for impacted users, according to the above swap ratio.If there were any changes in the user's TON balance after the redemption, the resubscription will be conducted based on the user’s previous asset allocation ratio between Flexible and Locked Products with different durations with the remaining GRAM balance.Example: The user has 30 TON in 15-Day Locked Products, 20 TON in 30-Day Locked Products, and 50 TON in Flexible Products.If the user’s total TON balance changes from 100 to 50 before the resubscription, the resubscription amount will be: 15 GRAM in 15-Day Locked Products, 10 GRAM in 30-Day Locked Products, 25 GRAM in Flexible Products.About Locked Products PositionsRewards will be distributed to the user’s Spot Account the day after accrual starts on the new subscriptions (two days after subscription).The duration of the Locked Products will be reset with the new subscription. For example, a TON 30-Day Locked Products position with 7 days till expiry will be reset to 30 days till expiry for the new GRAM 30-Day Locked Products position.After the resubscription, users can redeem the GRAM Locked Products positions before 2026-09-01 08:00 (UTC) without deduction of any accrued rewards. Dual Investment From 2026-06-15 08:00 (UTC), Binance Dual Investment will cease support for TON-related Dual Investment products, and users will no longer be able to subscribe to these products.Unsettled subscriptions TON-related Dual Investment positions will be automatically settled in the new token (GRAM) upon expiry. Relevant Auto-Compound plans will also continue using the new token GRAM. Users may disable their Auto-Compound plan via the Earn Wallet before 07:30 (UTC) on the Settlement Date.After the token swap is completed at 2026-07-02 08:00 (UTC), Binance Dual Investment will offer corresponding Dual Investment products for the new token GRAM. All other features remain unaffected. Binance Pay At 2026-06-26 08:00 (UTC), Binance will remove TON from the list of supported cryptocurrencies on Binance Pay. Gift Card At 2026-06-30 03:00 (UTC),Binance will no longer support the creation of TON Gift Cards. Users may proceed to redeem any unredeemed TON Gift Cards for TON tokens before this time. Convert Binance Convert will remove TON and all associated pairs at 2026-06-30 02:00 (UTC). Convert Low-Value Assets Convert Low-Value Assets will remove TON at 2026-06-29 02:00 (UTC). Users may choose to convert the low-value assets beforehand. Buy & Sell Crypto At 2026-06-22 03:00 (UTC), Buy & Sell Crypto will remove TON and all associated pairs. Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2026-06-12 Disclaimers: USDC is an e-money token issued by Circle Internet Financial Europe SAS (https://www.circle.com/). USDC’s whitepaper is available here. You may contact Circle using the following contact information: +33(1)59000130 and [email protected]. Holders of USDC have a legal claim against Circle SAS as the EU issuer of USDC. These holders are entitled to request redemption of their USDC from Circle SAS. Such redemption will be made at any time and at par value.
Update Jan. 23, 9:00 am UTC: This article has been updated to add comments from an Aave spokesperson.
Decentralized finance (DeFi) protocol Aave transferred stewardship of the social infrastructure protocol Lens to Mask Network, shifting responsibility for advancing consumer-facing social applications while retaining Lens as open-source infrastructure.
Statements from both Lens and Aave founder Stani Kulechov confirmed the transition. On Tuesday, Kulechov said in an X post that Aave’s role will narrow to technical advisory support as it refocuses on DeFi.
He added that Mask Network, a Web3 company focused on integrating blockchain features into social and messaging platforms, will be leading the next phase of development for Lens, particularly at the application and product layer.
While the announcement framed the move as a change in “stewardship,” neither Lens nor Aave characterized it as an acquisition or exit from social infrastructure.
An Aave spokesperson told Cointelegraph that Lens’ infrastructure phase is effectively complete, with responsibility now shifting fully to Mask Network. “All functions move to Mask,” the spokesperson said.
The spokesperson clarified that the transition includes the transfer of Lens-related assets while preserving its open design.
“The IP, chain, website and Lens X handle moved to Mask, and Lens remains permissionless infrastructure that supports personal identity and ownership over the social graph and data,” the spokesperson told Cointelegraph.
Source: Stani Kulechov
How responsibilities shift under the Lens transitionUnder the new setup, Mask Network assumes responsibility for consumer-facing execution, including product roadmap decisions, user experience design and day-to-day operational leadership for social applications built on Lens.
This includes advancing apps such as Orb and shaping how Lens-based products are positioned and distributed to end users.
Lens and Aave said the protocol’s underlying components, including its onchain social graph, profiles, follows and smart contracts, will remain open-source and permissionless.
There was no indication of a transfer in protocol ownership, intellectual property, treasuries or governance control as part of the transition.
Aave said it will continue to act as a technical adviser, offering input on protocol-level decisions without leading product development. The move narrows Aave's role from building and operating social products to maintaining its social infrastructure.
Lens’ infrastructure-first vision predates the handoverFrom its earliest days, Lens Protocol was framed as infrastructure. In 2022, Aave launched Lens as a Web3-native social protocol designed to give users ownership over their social identities and content through onchain profiles and non-fungible tokens (NFTs).
That positioning was reinforced in later updates. In 2023, Kulechov said Lens Protocol was not intended to function as a front-end platform but as a shared social layer that allows applications, both Web3 and Web2, to connect to a common social graph and user base.
At the time, Kulechov told Cointelegraph that Lens' shared audience could help developers overcome the "cold start" problem faced by new social platforms, while allowing multiple apps to coexist without competing for locked-in users.
Vitalik Buterin backs decentralized social amid Lens transitionFollowing the Lens stewardship transition, Ethereum co-founder Vitalik Buterin praised Lens’ evolution, saying the Aave team “has done a great job stewarding Lens up to this point” and that he is “excited about what will happen to Lens over the next year.”
Buterin also commented on decentralized social platforms, arguing that competition enabled by shared data layers is critical to improving online discourse.
In a post published on Wednesday, Buterin said that “if we want a better society, we need better mass communication tools.” He added that decentralization enables this by allowing “a shared data layer, with anyone being able to build their own client on top.”
Buterin said he has already returned to decentralized social platforms in 2026, noting that every post he has made or read this year has been through Firefly, a multi-client that supports Lens, Farcaster, X and Bluesky.
Magazine: How crypto laws changed in 2025 — and how they’ll change in 2026
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OPNX nabízí až 30 mil. USD ve FLEX tokenech za převzetí kontrolního podílu 75 % zkrachovalé společnosti Hodlnaut a chce tak pomoci věřitelům. O schválení rozhodne singapurský soud v nadcházejících týdnech.
Distressed crypto holders who had their assets trapped in Singapore-based bankrupt firm Hodlnaut could soon have relief if the judicial system approves a bid to acquire the assets. According to a recent report by Bloomberg, a digital asset exchange dubbed OPNX, which is closely associated with the founders of failed crypto hedge fund Three Arrows Capital (3AC), is seeking to have the controlling share of Hodlnaut. Reportedly, the OPNX crypto exchange has offered to inject up to $30 million in FLEX tokens into Hodlnaut in a bid to offer the creditors a way out amid the court restructuring process.
Persons familiar with the matter told the media outlet that the OPNX exchange offer, which would see a 75 percent takeover, was submitted to the Singapore court after the interim judicial managers supervising Hodlnaut’s restructuring objected to the distressed company’s directors e-mailing the bid directly to its users.
Hodlnaut Potential Takeover by OPNX The close relationship between CoinFlex exchange and OPNX was highlighted in April 2023 when the former halted all its operations to transition through the latter. Moreover, the FLEX token is associated with founders Mark Lamb and Sudhu Arumugam who started OPNX earlier this year. In the recent report, the dual highlighted the importance of the Hodlnaut acquisition in their portfolio for future growth prospects.
“We see a lot of potential in the Hodlnaut platform, and look forward to working closer with them,” Lamb noted.
If the Singapore court approves the acquisition bid of Hodlnaut by the OPNX crypto exchange, the creditors would get up to 30 percent of their claims in FLEX tokens and other tokens. In other terms, the Hodlnaut creditors would get a pro-rata payment of up to 95 percent of the total available corporate asset pool, whichever would be higher than the former.
Market Outlook The FLEX token has gained more than 49 percent in the past week to trade around $6.97 on Monday. Additionally, the FLEX price has gained more than 1500 percent in the past year to a market capitalization of about $678 million. The relationship between FLEX and OPNX is strategic since the latter is used to trade crypto claims, especially for failed projects like FTX. As a result, the FLEX coin has gained more utility amid high crypto competition.
The buyout of Hodlnaut assets and loans could significantly help the distressed creditors who were locked out after the firm was liquidated by the implosion of Terra Luna UST stablecoins last year. Nonetheless, the acquisition deal stands to either be approved or rejected by the court in the coming weeks.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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Sui Network spustila 8. června ve veřejné betě na Devnetu důvěrné převody, které skrývají částky a zůstatky, ale ponechávají adresy viditelné on-chain. Součástí je i selektivní zpřístupnění pro auditory.
Sui Network just rolled out one of the more interesting privacy features in the Layer 1 space: confidential transfers that hide how much you’re sending and how much you’re holding, while still leaving sender and receiver addresses visible on-chain.
The feature launched in public beta on Devnet on June 8, and it comes with a twist that makes compliance officers slightly less nervous: sender-controlled selective disclosure, meaning users can voluntarily open those envelopes for auditors when required.
What confidential transfers actually do The privacy model is deliberately partial, and that’s the point. Traditional privacy coins like Monero or Zcash go full opacity, hiding senders, receivers, and amounts. Sui is taking a different approach. Addresses stay visible. Only the transaction amounts and account balances get shielded.
This is a calculated design choice aimed squarely at a specific audience: token issuers, payment providers, treasury teams, and institutions that want financial privacy without abandoning the regulatory frameworks they’re required to operate within.
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The selective disclosure mechanism lets users decide when to reveal transaction details. A treasury team running payroll on-chain, for instance, could keep salary amounts private from the general public while still providing full transparency to auditors or regulators on demand.
Early partners and the institutional play Sui isn’t launching this in a vacuum. The network has already lined up early partnerships with Bridge, a stablecoin issuer and payments platform, along with compliance analytics firms TRM Labs and Merkle Science. All three are exploring integration opportunities with the confidential transfers feature.
This stands in contrast to how privacy features have historically been introduced in crypto. Most privacy protocols launched with a cypherpunk ethos first and worried about regulatory acceptance later, if at all. Sui is inverting that sequence, building the compliance hooks directly into the privacy architecture.
What developers need to know Here’s the thing: this is a Devnet beta, not a production release. The feature is currently unaudited and explicitly not production-ready. It exists for developer testing through SDKs and open-source repositories.
Sui has indicated that a Testnet launch is targeted for later in 2026, which would represent the next step toward eventual mainnet deployment.
What this means for investors The market reacted with cautious enthusiasm. The SUI token rose nearly 5% following the announcement, a modest but meaningful bump for what is still a Devnet-stage feature.
The risk profile is equally important to consider. Privacy features in crypto carry regulatory scrutiny by default. The US Treasury’s sanctioning of Tornado Cash in 2022 demonstrated that privacy tools on blockchains can attract aggressive government action. Sui’s selective disclosure mechanism is designed to preempt those concerns, but regulators haven’t weighed in on this specific implementation yet.
There’s also execution risk. Moving from a Devnet beta to a production-grade privacy system involves navigating complex cryptographic audits, and any vulnerability discovered during that process could delay the timeline significantly. The feature being unaudited at this stage is normal for early development, but it means the path to mainnet is still long and uncertain.
The partnerships with Bridge, TRM Labs, and Merkle Science suggest real commercial interest, not just theoretical demand. Whether that interest converts into meaningful on-chain activity will depend on how smoothly Sui navigates the Testnet phase and eventual security audits.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Sui za 30 dní zpracovalo zhruba 65 miliard USD ve stablecoinech bez poplatků po květnové aktualizaci, která zrušila nutnost držet $SUI pro převody. Nynější nabídka stablecoinů na síti je asi 472 milionů USD.
@SuiNetwork cleared roughly $65 billion in stablecoin transfers over the past 30 days, all without charging a single fee. The volume surge follows a May protocol update from Mysten Labs that zeroed out transfer costs and removed the requirement to hold $SUI to move funds on-chain, according to data from blockchain security firm CertiK.
What Changed and Why It Matters The upgrade is a permanent, protocol-level change, not a temporary subsidy. It removes what Mysten Labs describes as one of the most persistent barriers to stablecoin adoption: the need to hold a separate gas token just to complete a transfer. Supported assets at launch include USDC, USDY, AUSD, FDUSD, USDB, USDsui, and suiUSDe.
The $65 billion figure needs context. Sui's standing stablecoin supply sits at roughly $472 million. The high transfer volume relative to supply suggests the same capital is cycling through the network rapidly, functioning as a payment rail rather than reflecting a large influx of new liquidity. CertiK has also reported that Sui has processed more than $2.27 trillion in total stablecoin volume since the start of 2024.
Mysten Labs co-founder and CPO Adeniyi Abiodun framed the case for zero-fee transfers plainly: "Stablecoins are becoming a core part of global finance, but the infrastructure around them still creates unnecessary complexity." He has previously argued that even a fraction-of-a-cent gas obligation forces businesses to maintain token reserves, build separate payment logic, and manage an additional asset, overhead that compounds at scale.
Enterprise Integration and the Road Ahead Fireblocks, the institutional digital asset platform that secures more than $14 trillion in transactions, integrated the feature ahead of the broader rollout. Mysten Labs is pitching Sui as a settlement layer for businesses and AI agents, where automated systems can route payments along the cheapest, most frictionless path available. The primary focus is business-to-business payments and high-frequency microtransactions, though retail users benefit from the change as well.
Sources:
Sui Blog: Sui Launches Gasless Stablecoin Transfers With Support From Fireblocks
CoinTrust: Sui's Gasless Stablecoin Push Drives Massive Transaction Growth
Bitcoin.com News: Sui Blockchain Registers $65 Billion in Stablecoin Volume
Remi spouští na Sui první bankou emitovanou, regulovanou stablecoinovou infrastrukturu s bilančním zachycením. Podporuje převody e-money tokenů EUB a USB vydaných Bison Bank přes Bison Bank a partnerské banky.
Remi's compliance-native interbank clearing and settlement network enables real-time settlement with balance-sheet treatment for participating financial institutions, simplifying and expanding global payments
Main Takeaways
Remi is bringing the first bank-issued, regulated stablecoin infrastructure on Sui with balance-sheet treatment, supporting transfers of Bison Bank-issued EUB and USB e-money tokens through Bison Bank and participating partner banks.The infrastructure is designed for institutional financial workflows, fully aligned with MiCA, FATF standards, and Basel Committee requirements, expanding regulated institutional payment capabilities on Sui.Remi Technology, a global cross-border clearing and settlement infrastructure provider, today announced an integration with Sui, the next-generation Layer 1 blockchain where money moves as freely as messages, to launch the first bank-issued, regulated stablecoin infrastructure on Sui with balance-sheet treatment.
The infrastructure supports transfers of Bison Bank-issued EUB and USB, regulated stablecoins structured as MiCA-compliant e-money tokens, available through Bison Bank and participating partner banks across Europe, Asia, Latin America, the Middle East, and North America.
This opens a direct pathway for licensed financial institutions to move money across borders with speed, auditability, and compliance confidence through regulated banking relationships. Remi’s interbank clearing and settlement network is designed to bring stablecoin-based clearing into existing bank workflows, not around them.
For Sui, the integration marks another milestone as a high-performance infrastructure layer for compliant global payments. For Bison and its partner bank clients, this means the same bank account they use for everyday transactions can also send and receive EUB and USB stablecoins on Sui without the need for an offshore custodian or separate crypto rails.
Sui's object-centric model and programmable infrastructure provide the foundation for exactly the kind of compliance-native design Remi has built. Stablecoins EUB and USB settle point-to-point in real-time at predictable costs. Direct issuance by regulated banks, balance-sheet treatment, and end-to-end compliance are embedded from the ground up, moving stablecoins from offshore assets into banks' core product and balance-sheet frameworks. Remi's integration with Bison Bank, an institution authorized and supervised by the European Central Bank, whose EUB and USB e-money tokens are fully regulated under MiCA, makes this the first bank-issued stablecoin structured with balance-sheet treatment and direct institutional backing on Sui.
“Remi has earned relationships with key regulated international banks, a step few fintech infrastructure providers have achieved,” said Adeniyi Abiodun, co-founder and CPO of Mysten Labs, the original contributor to Sui. “This move also affirms Sui’s mission to move money as freely as messages by scaling regulated bank partnerships, bringing our vision to a greater scale with Remi.”
Sui's architecture and performance are purpose-built for the infrastructure that institutional cross-border payments demand. Remi's network is built to meet MiCA, Financial Action Task Force (FATF) standards, and Basel Committee requirements, with smart contracts embedding risk-control systems and the FATF Travel Rule directly into every transaction. Messaging and interfaces are SWIFT-compatible, ensuring seamless adaptation across jurisdictions, meeting institutions exactly where they already operate.
“Institutions moving money across borders deserve infrastructure built to institutional standards,” said Sam Su, CEO of Remi. “Remi was designed from the ground up to meet the compliance requirements of major financial institutions, while Sui brings the blockchain capabilities to match.”
Since August 2025, Sui has surpassed $1 trillion in stablecoin transfer volume, and its stablecoin ecosystem continues to expand rapidly across institutional, retail, and developer use cases. Remi's infrastructure adds a significant new layer to that momentum: regulated, bank-grade clearing and settlement that reinforces Sui's position as the full stack for a new global economy.
For more information visit remitech.ai or bisonbank.com.
Sui Network se spojila s ChainTrust, aby do ekosystému přinesla AI nástroje pro AML kontrolu v reálném čase. Vývojáři tak získají screening adres a transakcí bez nutnosti externích řešení.
ChainTrust is bringing its real-time AML screening and risk intelligence tools to Sui Network, marking the Layer 1 blockchain’s latest move to bolster its compliance infrastructure. The integration pairs Sui’s high-throughput architecture with ChainTrust’s AI-driven monitoring capabilities, a combination designed to catch illicit activity before it metastasizes across the network.
ChainTrust Labs isn’t a household name, but its pedigree is hard to ignore. The company’s leadership team includes former Alipay executives with over 20 years of experience in AI and risk modeling. The firm’s product suite spans real-time address screening, transaction monitoring, and risk scoring, all powered by machine learning models trained on blockchain-specific data. ChainTrust currently serves more than 35 blockchains and claims a database covering over 1 billion digital assets.
By integrating these tools directly into Sui’s ecosystem, developers and protocols building on the network gain access to compliance screening without having to source and integrate third-party AML solutions independently.
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Sui’s growing compliance playbook This isn’t Sui’s first compliance-focused partnership. In January 2025, the Sui Foundation announced a collaboration with Chainalysis, the blockchain analytics giant, to enhance on-chain compliance and security. That partnership focused on tracking illicit activities across the network, with Chainalysis expanding its tracking capabilities for SUI tokens and other fungible assets on the chain.
The Chainalysis deal was primarily about surveillance and forensics: seeing what happened and tracing where funds went. ChainTrust’s integration appears oriented more toward prevention, screening transactions and addresses in real time before problems escalate.
Sui, developed by Mysten Labs, has positioned itself as a scalability-first Layer 1 with ambitions to attract institutional-grade applications.
Why AI-driven AML is becoming the standard Traditional AML systems work on predefined rules: flag transactions above a certain threshold, block addresses on a sanctions list. These approaches catch the obvious stuff but miss the creative stuff. AI models can detect anomalous patterns, cluster related wallets, and score risk dynamically based on behavioral signals that no human-written ruleset would capture.
ChainTrust’s Alipay heritage is particularly relevant here. Alipay processes billions of transactions and has spent years refining AI models for fraud detection in a high-volume, adversarial environment.
The risk to watch is execution. Integrating real-time screening without introducing latency or false positives that degrade the user experience is genuinely difficult. How ChainTrust’s models perform under Sui’s transaction throughput will be the real test.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Filecoin spustil Filecoin Onchain Cloud, decentralizovanou cloudovou platformu s ověřitelným úložištěm, rychlým načítáním dat a plně on-chain platbami. Na hlavní síť má dorazit v lednu 2026.
[PRESS RELEASE – Buenos Aires, Argentina, November 18th, 2025]
Today, the Filecoin ecosystem launched Filecoin Onchain Cloud, a decentralized cloud platform offering verifiable storage, fast retrieval, and fully on-chain programmable payments. Early integrations are from the ERC-8004 community, Ethereum Name Service (ENS), KYVE, Monad, Safe, Akave, Storacha, Geo Podcasts, and more. The launch was announced at DePIN Day Buenos Aires, hosted by Fluence.
Centralized Outages Expose Crypto’s Dependence
Recent outages at major cloud providers have taken Web3 offline, underscoring its reliance on centralized infrastructure. Filecoin Onchain Cloud offers a verifiable alternative for builders seeking open, resilient systems.
New pressures are also straining centralized stacks. AI systems produce data at a massive scale, governments dictate where it can reside, and on-chain AI agents now need different infrastructure.
A Foundation for Verifiable Infrastructure
Filecoin Onchain Cloud meets that demand by expanding the Filecoin network into a programmable layer for verifiable cloud services, enabling developers to compose storage, retrieval, and payment logic on-chain.
“Filecoin Onchain Cloud brings onchain guarantees like verifiability, programmability, and openness to cloud-scale infra services,” says Molly Mackinlay, CEO, FilOz. “With storage, retrieval, and payments that are all fully composable and auditable onchain, all Web3 dApps, agents, and infra networks can be truly unstoppable. Filecoin Onchain Cloud provides the building blocks applications need for a Cambrian explosion of onchain services powered by the global network of Filecoin service providers. Builders deserve a cloud built on proofs, not promises!”
Filecoin Onchain Cloud emerges from years of collaboration across the Filecoin ecosystem, uniting hot storage proofs, composable smart contracts, and on-chain payments.
Filecoin Pin, its first developer toolkit, persists IPFS content on Filecoin through simple, accessible tools.
At launch, Filecoin Onchain Cloud introduces core services that form the base of a decentralized cloud, accessible through the Synapse SDK. Warm Storage keeps data online with on-chain proofs, Filecoin Pay automates usage-based payments, and Filecoin Beam supports measured, incentivized retrievals. Together, they let developers compose, monitor, and monetize data services.
Early Integrations
Developers and teams are already experimenting with early integrations:
ERC-8004 / Agent0
ERC-8004 builders use Filecoin Pin to store agent identities and metadata verifiably on-chain. Agent0 extends this by pinning all agent data to Filecoin, enabling tamper-proof discovery without centralized catalogs.
“Agent ecosystems depend on verifiable metadata,” said Marc De Rossi, author of ERC-8004 and creator of Agent0. “By pinning agent identity and reputation data on Filecoin Onchain Cloud, we can ensure that discovery and interaction between agents happens on tamper-proof infrastructure. It’s a huge step toward an open standard for verifiable AI.”
Ethereum Name Service (ENS) and Safe
ENS, Safe, and Filecoin Onchain Cloud form an on-chain stack for deploying and governing trustless frontends, with ENS for naming, Safe for multi-sig control, and Filecoin Onchain Cloud for persistent, verifiable storage.
“Using ENS to give names for content and apps on the decentralized web has been possible since 2018,” said Simon Schmid, Developer Relations Lead, ENS Labs. “With Filecoin Onchain Cloud it is now possible to properly incentivize storage and availability at scale in a decentralized way. Super excited to see all the pieces coming together with Safe leading as an example of how it’s done,”
Monad
Through the Monad AI Blueprint program, developers can seamlessly deploy Filecoin Onchain Cloud storage endpoints and build AI systems that are fast, self-verifying, and wallet-controlled.
KYVE
KYVE uses Filecoin Onchain Cloud to durably store Celestia and Story Protocol chain data across decentralized providers. After starting in the Arweave ecosystem, they’re expanding to Filecoin for greater scale and faster validator syncing.
“At KYVE, our mission has always been to make blockchain data permanent, verified, and accessible to everyone,” said Fabian Riewe, Founder, KYVE. “By leveraging Filecoin’s Onchain Cloud, we’re taking the next step, scaling from terabytes to petabytes of decentralized storage. This collaboration brings us closer to a truly universal data infrastructure for Web3.”
Akave Cloud
Akave Cloud is using Filecoin Onchain Cloud to extend verifiable storage from hot workloads into a decentralized backup and archiving tier built for AI, IoT, ML, and compliance data that demands durable, auditable, affordable storage.
“By uniting Akave Cloud’s high-performance, verifiable S3-compatible infrastructure with Filecoin Onchain Cloud’s global decentralized storage network and services, users will gain more flexibility and have the ability to optimize for cost, speed, and durability within a seamless, unified system,” said Stefaan Vervaet, CEO, Akave.
Storacha
Storacha’s Forge offers IPFS-compatible warm storage with on-chain proofs of data possession. It provides high-throughput, auditable storage secured by Filecoin Onchain Cloud’s verification and payment rails.
“Storacha Forge is a new Filecoin Onchain Cloud service making verifiable warm storage radically affordable,” said Alexander Kinstler, CEO of Storacha. “At $5.99 per terabyte, Storacha Forge is built for the petabyte-scale data behind AI and DePIN. By building on the Filecoin Onchain Cloud, we combine cryptographic integrity with unmatched economics.”
Geo Podcasts
Geo Podcasts is built on the Geo knowledge-graph protocol and helps users discover top podcasts. By storing its podcast data, images, and knowledge-graph records on Filecoin Onchain Cloud, Geo Podcasts ensures all information is verifiable across applications.
“We want to make sure that all of Geo’s knowledge graph data is open and available to all,” said Yaniv Tal, Founder, Geo. “Filecoin Onchain Cloud gives users guarantees that their knowledge data will stay around, giving them even more confidence to contribute to the Geo knowledge commons.”
An Open Foundation
Filecoin Onchain Cloud lays the groundwork for a verifiable cloud ecosystem, and ongoing collaboration with the developer community will continue to grow the stack.
“Launching Filecoin Onchain Cloud is a huge milestone for the Filecoin network,” said Marta Belcher, President and Chair of the Filecoin Foundation. “FOC unlocks critical capabilities that will accelerate the Filecoin network’s mission to build a more open, resilient, and verifiable internet.”
Filecoin Onchain Cloud is live on Filecoin testnet today, with mainnet launch planned for January 2026.
Visit filecoin.cloud.
About Filecoin Foundation
Filecoin Foundation’s mission is to preserve humanity’s most important information, facilitate open-source governance of the Filecoin network, fund research and development for decentralized technologies, and support the growth of the Filecoin ecosystem and community.
About FilOz
FilOz is a research and development team advancing the Filecoin network through protocol engineering, research, and network upgrades.
ENS dropped plans for Namechain, its own Layer-2 network, as the ENSv2 upgrade stays on Ethereum L1. The ENSv2 will remain fully compatible with Layer-2 networks. In a significant strategic shift, the Ethereum Name Service (ENS) has announced that its next-generation protocol, ENSv2, will stayon Ethereum’s Layer-1 mainchain, dropping previous plans of building its own Layer-2 network, Namechain, according to a blog post by ENS co-founder Nick Johnson on February 6.
ENSv2 is the Ethereum Name Service’s upcoming major upgrade, intended to expand ENS capabilities to a Layer-2 network, providing users with lower fees and faster transactions than the Ethereum mainnet, as well as to provide structural modifications such as hierarchical registries, which give name owners more power and support for numerous chains.
Why ENS Dropped Its Layer-2 Plans Johnson wrote, “ Ethereum is scaling faster than almost anyone predicted two years ago; we’ve seen a 99% reduction in ENS registration gas costs over the past year, coinciding with Ethereum’s gas limit increases from 30M to 60M in 2025. By staying on L1, we’re aligning ENS with the strongest possible infrastructure guarantees, Ethereum itself.”
As Johnson mentioned, ENSv2 will still be released as planned, and halting work on Namechain will not affect the company’s broader roadmap. By having everything on one blockchain rather than two, he expects names to load faster and run more smoothly for users. Also, Johnson noted that the majority of the improvements made to make ENS easier to use over the last two years will stay in place.
Further, ENS Labs COO Katherine Wu shared a post via her X handle, “It is important to note that ENSv2 is ultimately an upgrade to ENS as it exists today — it’s still ENS! Regardless of where it ultimately gets deployed,” and highlighted new features such as individual registries for each ENS name and new apps currently in testing.
Vitalik Backs ENSv2’s Ethereum L1 Move Vitalik Buterin supported the ENS labs decision by saying, “It’s a good decision!” As he noted that ENS names and records represent a critical on-chain state for the Ethereum ecosystem, should remain easily accessible from anywhere.
Further, he added, “It’s also a semi-financial application, in the sense that buying and holding ENS names has a cost, and ENS names can become very valuable objects. With the expanded scaling roadmap, Ethereum L1 is the ideal place for these applications.”
Highlighted Crypto News:
Shiba Inu Eyes Recovery as Bitcoin Rebounds Above $60K
Writer with roots in journalism and international relations, actively exploring blockchain and crypto, with curiosity for the field and a passion for simplifying complex ideas.
Flare zvyšuje limit vkladu do Monarq XRP Yield Vault z 500 000 FXRP na 7,5 milionu FXRP, tedy 15násobně. Krok přichází po silné rané poptávce po XRP a nové integraci s D’CENT Wallet.
Key Facts Flare is raising the deposit cap on the Monarq XRP Yield Vault (MXRPY) from 500,000 FXRP to 7.5 million FXRP, a 15x increase. The cap raise follows strong early demand since MXRPY’s launch on 15 May 2026 by Monarq Asset Management, Flare and Upshift. MXRPY is a managed multi-strategy vault deploying FXRP across options trading, basis and funding rate arbitrage, and on-chain XRPFi strategies, targeting 3–4% APY. Monarq, the vault’s strategy manager, is a FalconX-majority-owned digital asset manager; the vault runs on Upshift’s institutional vault infrastructure. The cap raise lands days after Flare’s 19 May integration with D’CENT Wallet, which lets XRP holders deposit into MXRPY directly from their hardware wallet using two XRPL signatures via Flare Smart Accounts. Flare is raising the deposit cap on the Monarq XRP Yield Vault (MXRPY) from 500,000 FXRP to 7.5 million FXRP — a 15x increase that reflects unusually strong early demand from XRP holders since the vault launched on 15 May 2026. The expansion comes alongside Flare’s new integration with D’CENT Wallet, which has put the vault within two signatures of hundreds of thousands of hardware wallet users globally.
Why the cap is being raised MXRPY launched with a deliberately conservative initial cap of 500,000 FXRP, giving Monarq Asset Management and infrastructure provider Upshift time to assess flow and validate the vault’s three-strategy execution model in live conditions. The 15x cap raise to 7.5 million FXRP signals that initial demand has comfortably exceeded the launch allocation and that the operating partners are confident the underlying strategy can scale meaningfully.
The expansion also responds to the distribution shift now underway. With XRP holders gaining wallet-native access through D’CENT’s hardware wallet — and additional distribution channels likely to follow through the XRP Alliance — the practical addressable demand for the vault has stepped up sharply over the past two weeks. A 500,000 FXRP cap was never going to be enough to absorb that broader flow.
How MXRPY works MXRPY is a managed multi-strategy yield vault built by Monarq Asset Management on Upshift’s institutional vault infrastructure. It is the first XRP-denominated vault on Flare to combine on-chain DeFi with off-chain execution under a single managed product. Users deposit FXRP — Flare’s trust-minimised representation of XRP — and receive MXRPY receipt tokens representing principal and accrued yield.
Capital is allocated across three return engines: options trading, basis and funding rate arbitrage, and on-chain XRPFi positioning. The target annual yield sits at approximately 3% to 4% APY, with returns distributed over time depending on strategy performance and market conditions. Withdrawals settle on a weekly cycle every Friday, with an option to pay a small fee for instant redemption.
Monarq — majority-owned by FalconX — runs options and basis strategies as part of its core fund book and applies the same playbook to MXRPY, deciding capital allocation across the three sleeves and executing the off-chain trades directly. Flare provides the FXRP infrastructure and distribution; Upshift provides the vault rails.
“The Clearstar EarnXRP vault showed that there is real demand for XRP-denominated vaults on Flare,” said Ethan Luc, head of growth at Upshift, at the MXRPY launch. “Upshift provided the infrastructure behind that launch, and we’re now expanding the model with Monarq, a second XRP vault with a different strategy profile and a broader set of yield sources.”
D’CENT’s distribution role The cap raise is timed to absorb new flow from the 19 May D’CENT integration. Flare Smart Accounts (FSA) now lets D’CENT users deposit XRP into MXRPY directly from their hardware-secured device using just two XRPL signatures, with no new wallet, no new chain, and no FLR gas token to manage. D’CENT reports more than 330,000 hardware users and 720,000+ app users across the US, Korea, UK, Canada and Japan, with billions of XRP held across the base.
The architecture matters because it removes the friction that previously kept XRP holders out of EVM-based DeFi. FSA treats XRPL as the control layer — the memo field on each XRPL transaction encodes what should happen on Flare, and the Flare Data Connector relays a proof of the transaction to a smart contract proxy assigned to that XRPL address. The user never holds FLR, never manages a new seed phrase, and never signs an EVM transaction. Inside D’CENT, the integration appears as a featured application labelled “Idle XRP; Meet Institutional Yield,” with a direct link to the Monarq vault frontend.
The XRP Alliance context D’CENT is the lead wallet partner in the XRP Alliance, a distribution group convened by D’CENT with Flare, Doppler, Banxa and Squid joining at launch. Flare’s role in the Alliance is the programmable layer for XRP — FAssets handles trust-minimised asset representation, FSA handles chain-abstracted execution, and wallet partners handle native distribution. Together the stack is designed to support both retail flows and institutional strategy deployment.
The cap raise lands inside a broader push by Flare to position itself as the default programmable yield layer for XRPFi. Monarq’s decision to pick Flare as the venue for its first publicly distributed multi-strategy XRP vault — and the speed with which that vault has filled — is the institutional validation Flare has been working toward. The 7.5 million FXRP cap signals that next phase: capital rails capable of absorbing genuinely meaningful XRP volume rather than a launch allocation sized for testing.
$55,000 reward campaign continues Flare and D’CENT’s joint promotional campaign continues to run through to 8 June 2026, with a $55,000 reward pool across three independent quests. Quest 3 — the largest, at $40,000 — rewards users who mint FXRP via Flare Smart Accounts, deposit at least $1,000 USD in XRP value into MXRPY, and maintain the position for 30 days. Eligible users earn $10 in XRP and $10 in FLR per $1,000 USD deposited, with per-user caps of $50 in XRP and $100 in FLR.
Quests 1 and 2 cover D’CENT biometric hardware wallet purchase ($50 in XRP, $10,000 pool) and a minimum 250 XRP holding in a D’CENT wallet ($25 in FLR, $5,000 pool). With the vault cap now 15 times larger, the runway for Quest 3 participation has effectively expanded in line with the new capacity.
FAQ How much is the MXRPY deposit cap being raised?
Flare is raising the deposit cap on the Monarq XRP Yield Vault from 500,000 FXRP to 7.5 million FXRP, a 15x increase. The expansion reflects strong early demand from XRP holders since the vault’s 15 May 2026 launch and the new distribution opened up by Flare’s integration with D’CENT Wallet on 19 May.
What is MXRPY and what yield does it target?
MXRPY is a managed multi-strategy XRP yield vault on Flare, built by Monarq Asset Management on Upshift’s institutional vault infrastructure. It deploys FXRP — Flare’s trust-minimised representation of XRP — across options trading, basis and funding rate arbitrage, and on-chain XRPFi strategies, targeting approximately 3% to 4% APY. Withdrawals settle weekly on Fridays, with an option for fee-based instant redemption.
How can XRP holders access the vault?
XRP holders can access MXRPY through Upshift or directly through D’CENT Wallet via Flare Smart Accounts. The D’CENT integration requires only two XRPL signatures from the hardware device, with FXRP minting and vault deposit handled automatically inside the same flow — no new wallet, no new chain, and no FLR gas token required.
The 7.5 million FXRP cap is the most concrete sign yet that XRPFi on Flare is moving past the proving stage into production-scale capital rails. By raising the ceiling in step with the new distribution from D’CENT, Flare and Monarq are betting that meaningful XRP volume is ready to move on-chain when the experience is simple enough — and the early evidence suggests they are right. This article is informational and does not constitute investment advice.
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Flare podle Hugha Philiona rozšiřuje využití XRP tím, že ho prostřednictvím FXRP propojuje se smart kontrakty a DeFi aplikacemi. FXRP má cirkulující nabídku 155,76 milionu a TVL 186 milionů USD.
Ripple has highlighted the growing utility of XRP, with Flare co-founder and CEO Hugo Philion explaining how Flare is giving XRP holders access to new use cases.
Speaking on Ripple’s Onchain Economy series, Philion said Flare aims to extend the XRP ecosystem by bringing XRP into a smart contract environment. This allows XRP holders to access decentralized finance (DeFi) applications and other blockchain-based services.
Flare Connects XRP to Smart Contracts Philion described Flare as a Layer-1 network focusing on interoperability and data protocols. One of its key products is FXRP, a bridge that connects the XRP Ledger to the Flare network.
Through FXRP, XRP can be used in smart contract applications. This opens the door to DeFi services that are not available directly on the XRP Ledger.
For example, users can use XRP as collateral, borrow against it, access stablecoins, and interact with tokenized assets. These assets can include commodities such as gold and other real-world assets.
According to Philion, these tools allow XRP holders to do more with their tokens instead of simply holding them.
Given this utility, FXRP has gained wide acceptance in the crypto community. The most recent data show that FXRP has a circulating supply of 155.76 million and a TVL of $186 million.
New Yield Opportunities for XRP Holders Philion also highlighted yield generation as an important use case. Through Flare, users can deposit XRP as collateral to borrow stablecoins. They can then deploy those stablecoins into other markets that offer returns.
This approach allows users to earn yield while still maintaining exposure to their XRP holdings.
Flare has also integrated wallet features that let users manage XRP on Flare directly from the XRP Ledger. Philion said this creates a smoother experience between the two networks.
Privacy May Drive Institutional Adoption Looking ahead, Philion discussed a new initiative called Flare Confidential Compute.
The system operates outside the blockchain and uses trusted execution environments to verify confidential computations. It is designed for applications that require significant computing power, such as AI models and continuous risk-monitoring systems.
Philion believes privacy will be an important requirement for institutional participation in blockchain networks. He previously noted that FXRP surpassed 100 million in supply solely through retail, without institutional participation.
Flare Sees Growth Potential in Tokenized Assets Philion said Flare’s technology significantly expands the capabilities of Ripple and the XRP Ledger, especially in the real-world asset (RWA) sector.
He noted that once RWAs are issued on blockchain networks, Flare’s interoperability and smart contract tools can unlock additional functionality for those assets.
According to Philion, this could become a major growth area for both Flare and the XRP ecosystem as demand for blockchain utility continues to increase.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Flare chce zvýšit využití XRP prostřednictvím FXRP a chytrých kontraktů, aby držitelé mohli XRP používat v DeFi jako zástavu a dál z něj generovat výnos.
Flare CEO Hugo Philion recently appeared on the Onchain Economy, where he explained how Flare is working to expand XRP utility through FXRP.
Commenting, XRP community figure Bank suggested that the Flare co-founder had essentially described what he believes is the “endgame” for XRP holders.
Flare’s Plan to Expand XRP Utility In the discussion, Philion said his focus is particularly on increasing XRP’s utility through Flare’s work, further encouraging more developers to build new applications around XRP to bring in value.
He explained that Flare adds smart contract capability to the XRP Ledger and improves interoperability between blockchains. According to him, Flare is a Layer 1 network built mainly around data.
$XRP utility is continuously expanding.
On this episode of Onchain Economy, @HugoPhilion, Co-Founder and CEO of @FlareNetworks, explains how Flare is expanding what’s possible for $XRP through interoperability.
By bringing XRP into a smart contract environment, Flare enables… pic.twitter.com/U8d9JM2t36
— RippleX (@RippleXDev) June 16, 2026
The Flare CEO noted that data infrastructure was the key innovation behind the network, noting that they designed Flare to support better communication and interaction between different systems.
To make this possible, Flare created FXRP, which connects the XRP Ledger to the Flare network. This bridge allows XRP to move into a smart contract environment where it can be used in decentralized applications instead of remaining only on its native ledger.
FXRP and New Uses for XRP in DeFi Philion shared how FXRP generates new financial uses for XRP holders. Notably, once XRP is moved into the Flare ecosystem, users can use it as collateral in lending and borrowing systems. This includes borrowing stablecoins and, in some cases, other assets such as commodities like gold.
He also explained that users can take the borrowed assets and deploy them into other markets that generate yield. This means XRP holders can earn income while still keeping exposure to their original XRP holdings.
Philion added that Flare has also built wallet integrations that let users manage XRP on Flare directly from the XRP Ledger, allowing market participants to move and control assets more smoothly across both systems without giving up custody of their original XRP.
Confidential Computing and Focus on Institutions Speaking further, the Flare CEO also discussed future upgrades, especially Flare Confidential Compute. He called it an extra layer that sits outside the main Flare blockchain but relies on Trusted Execution Environments to confirm what happens inside it.
They designed the system to support heavy applications that blockchains normally struggle with, such as AI models. He also mentioned that Flare is working on continuous AI monitoring and risk tools that can detect problems and respond when needed.
According to him, large institutions will only fully enter decentralized finance if strong privacy features exist. As a result, privacy and secure computation are basic requirements for institutional participation.
Philion further said that Flare increases what Ripple and the XRP Ledger can do with tokenized real-world assets once they are issued on-chain. To him, this creates a major growth area that benefits both Flare and the XRP ecosystem.
FXRP Launch and Early Growth FXRP officially launched on Flare mainnet last September as the first FAsset under version 1.2.
Notably, demand was very strong from the start. The first cap of 5 million FXRP was filled in three hours. After that, the limit was increased to 15 million FXRP, and this second allocation also filled quickly.
Shortly after launch, the Xaman wallet added support for FXRP. This allowed users to mint FXRP directly from XRP Ledger wallets and marked the first stage of Flare’s plan for smoother cross-chain access.
FXRP continued to grow in the months after launch. By late October 2025, about $86.2 million worth of XRP had been bridged after more than 15 million XRP was moved over a single weekend. This pushed Flare to become the largest EVM-based DeFi ecosystem for XRP.
Flare’s liquid staking platform, Firelight, launched its first phase in December 2025. Its initial cap of 25 million FXRP filled quickly, and by around April 2026, staked XRP (stXRP) passed 50 million.
At press time, Flare hosts about 153.8 million XRP worth $180 million in its FXRP ecosystem, with up to $73.43 million staked in Firelight.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Beldex integroval BDX s LayerZero a zprovoznil ho na Stargate, což umožňuje převody napříč více blockchainy v poměru 1:1 bez slippage. Podpora zahrnuje BNB Smart Chain, Ethereum, Solana, Base a Arbitrum.
Ras Al-Khaimah, United Arab Emirates, December 18th, 2025, Chainwire
BDX is integrated with LayerZero and live on Stargate, enabling fast and secure value transfers across multiple chains.
Beldex, a privacy-focused blockchain network, has announced the integration of its native token, BDX, with LayerZero’s Omnichain Fungible Token (OFT) standard. As part of this integration, BDX is now live on Stargate, a cross-chain liquidity protocol and one of the most widely used bridges in decentralized finance (DeFi) by transfer volume.
The integration enables BDX to be transferred seamlessly across multiple supported blockchains, including BNB Smart Chain, Ethereum, Solana, Base, and Arbitrum, at a 1:1 ratio with no slippage. This development enhances interoperability for BDX, allowing for broader accessibility across decentralized ecosystems while preserving its native privacy-focused attributes on the Beldex network.
The Challenge: Assets Need To Be Where Users Are
Crypto no longer operates on a single chain. Liquidity, applications, and users shift rapidly across ecosystems, and assets require the ability to follow. However, most assets remain anchored to their native chains.
This fragmentation can prevent assets from reaching wider markets, hinder integration, and create challenges for developers aiming to build unified experiences across chains.
While BDX has operated natively on the Beldex network, extending compatibility to Ethereum, BNB Smart Chain, Solana, Base, and Arbitrum allows for broader access and improved interoperability.
BDX Adopts LayerZero’s OFT Standard
BDX becomes one of the first privacy-focused assets issued on LayerZero’s OFT standard, enabling cross-chain compatibility while maintaining privacy on its native chain. The OFT representation of BDX operates transparently across supported networks.
This integration enables BDX to expand its cross-chain presence using LayerZero’s technology, with future potential to support up to 150+ blockchains.
With LayerZero and Stargate Finance, users can now:
Move BDX across chains in a unified 1:1 model For example: BDX (BNB Smart Chain) → BDX (Ethereum) BDX (Ethereum) → BDX (Solana) Connecting BDX to the broader crypto landscape via LayerZero provides greater interoperability and utility, supporting more use cases across ecosystems.
Privacy With Multi-Chain Access
The LayerZero integration aligns with Beldex’s mission to balance privacy with usability. Key benefits include:
Two Forms, One Token: Native BDX remains private on the Beldex blockchain, while its OFT representation operates across supported chains. Supported Across Blockchains: Users can access BDX in multiple blockchain environments to support liquidity movement and interoperability. Frictionless Cross-Chain Transfers: BDX is no longer siloed; users can move the tokenized asset across integrated networks. Future-Ready Infrastructure: LayerZero’s infrastructure positions Beldex to support modular, interconnected blockchain systems. This integration connects Beldex’s privacy-focused foundation with the expanding demand for multi-chain accessibility.
The Beldex Ecosystem: Built for Private Interactions
Beldex offers a decentralized suite of products designed to support private, secure communication and access within internet and blockchain environments:
BChat: A decentralized messaging app that secures private conversations through the Beldex network. BelNet: A decentralized VPN and onion-routing protocol for secure, anonymous connections. Beldex Browser: A privacy-focused web browser offering ad-free, secure browsing powered by the Beldex chain. BNS Domains: A decentralized identity system enabling human-readable blockchain addresses. Masternodes: A network infrastructure supporting transaction validation and network integrity. With LayerZero support, BDX extends beyond the Beldex ecosystem. The network also continues to advance its privacy and scalability technologies, including Bulletproof++ from the Obscura hardfork, along with ongoing research into Fully Homomorphic Encryption (FHE).
Expanding Across Every Chain
Multi-chain compatibility has become the default in DeFi. By integrating LayerZero and going live on Stargate, BDX can now be accessed across additional chains while retaining its native privacy model on Beldex.
This integration enhances BDX’s utility in cross-chain environments and contributes to Beldex’s continued development of privacy-enabled, interoperable blockchain infrastructure.
About Us
Beldex combines the decentralized power of blockchain with AI’s intelligence to build a confidentiality-centered ecosystem. Our solutions prioritize confidentiality, scalability, and usability, redefining how you interact with the digital world. At Beldex, we believe the future of the internet lies in secure, confidential communication and data usage. By leveraging confidential computing, we protect sensitive data even during processing, ensuring a secure and confidential digital experience. Our integration of Fully Homomorphic Encryption (FHE) enables encrypted data to be processed without decryption, providing unmatched confidentiality for decentralized applications.
Wemade čelí žalobě na 11,85 milionu USD ze strany 28 současných i bývalých zaměstnanců kvůli údajnému nesplnění slibu vyplatit je v tokenech WEMIX. Firma uvedla, že se bude bránit právní cestou.
Wemade has been hit with a multimillion-dollar lawsuit from its own ranks. The dispute, centered around the distribution of the company’s cryptocurrency WEMIX. The case highlights the complex intersections of traditional business practices and emerging blockchain technologies.
Wemade Faces $12M Lawsuit Wemade is facing a substantial lawsuit from a group of current and former executives and employees. The company announced on August 9 that 28 individuals filed a lawsuit on July 29 at the Seoul Central District Court, seeking damages of $11.85 million (16.18 billion won).
The plaintiffs, primarily former employees of Wemade Tree, a subsidiary that was merged into Wemade in February 2022, allege that the company failed to deliver on promises to pay them in WEMIX cryptocurrency.
The subsidiary was stablished in 2018, and it was key in the parent companies foray into blockchain technology. The subsidiary spearheaded the issuance of WEMIX tokens and their subsequent listing on cryptocurrency exchanges in 2020. In response to the lawsuit, they stated that they plan to respond according to legal procedures through our litigation attorney.” The company appears prepared to defend its position in court.
This legal challenge comes at a time when the cryptocurrency and blockchain sectors are facing increased scrutiny and regulatory challenges globally. The outcome of this case could have significant implications for how companies in the blockchain space manage employee compensation and token distribution.
Regulatory Challenges and Recent Indictment This lawsuit emerges amid increasing global scrutiny of the cryptocurrency and blockchain sectors. Adding to Wemade’s legal troubles, South Korean prosecutors recently indicted the previous CEO Chang Hyun-guk. The charges against Chang, announced on August 5, allege that he fabricated and concealed information about Wemix token circulation, potentially misleading investors.
This indictment follows Chang’s February 2022 commitment to cease token sales and provide transparency on circulation data, highlighting the ongoing regulatory challenges faced by companies in the blockchain space.
Wemix Foundation oznámila plné obnovení služeb 21. března po únorovém bezpečnostním incidentu. CEO Kim Seok-hwan zároveň vysvětlil opožděné oznámení o hacku.
Wemix Foundation CEO addressed the late announcement of Feb. 28 security breach and announced full services resumption on Mar. 21.
In a press conference held on Mar. 17, Wemix Foundation (WEMIX) CEO Kim Seok-hwan addressed the delayed announcement of the recent security breach and announced full services resumption on 21 March, as initially reported by Business Korea.
The incident in question occurred on Feb. 28 and involved a security breach of the Wemix Foundation’s “Play Bridge Vault” crypto wallet, which transfers WEMIX to other blockchains.
Around 8.6 million WEMIX tokens were withdrawn, worth around $6.04 million (8.75 billion won). Following the hack, the affected server was shut down immediately, and the company reported it to the Cyber Investigation Team of the Seoul National Police Agency.
Although the incident was noted on Feb. 28, Wemix Foundation didn’t report it until Mar. 4, sparking public backlash. In the press conference today, Wemix Foundation CEO Kim Seok-hwan addressed the late announcement, explaining that it had been delayed due to concerns about additional attacks and to avoid panic selling.
This is not the first time Wemix Foundation was criticized for issues with information disclosure. In October 2022, Digital Asset Exchange Joint Consultative Body has warned investors to exercise caution with WEMIX due issues with disclosing WEMIX circulation volume.
That being said, delaying the announcement appears justified, as the CEO explained that without identifying the infiltration method, the platform risked further attacks.
In addition to addressing the delayed announcement, Seok-hwan said that Wemix Foundation is investigating the cause of the infiltration and relocating all blockchain-related infrastructure. Complete service resumption is slated for Mar. 21.
In addition to these efforts, Wemix Foundation introduced a series of buyback initiatives to stabilize the market. On Mar. 13, they announced a 10 billion won buyback, followed by an additional acquisition of 20 million WEMIX.
Meanwhile, the WEMIX token has risen from the close of $0.45 on Mar. 4 (when the company disclosed the hack) to $0.57 at the time of writing, according to CoinGecko. However, it remains down 3% on the daily timeframe.
WEMIX po oznámení DAXA o vyřazení z hlavních korejských burz do 2. června spadl o více než 60 %. DAXA uvedla nedostatečné splnění standardů po únorovém hacku.
Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...
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May 2, 2025
WEMIX, the native cryptocurrency of South Korean gaming firm Wemade, saw its price plunge over 60% following a devastating announcement from the Digital Asset eXchange Alliance (DAXA) that it will be delisted from all major domestic exchanges by June 2.
한국의 주요 5개 거래소가 6월 2일부터 WEMIX 거래를 중단할 예정이며, 이로 인해 토큰은 60% 이상 급락하여 $0.2757에 이르렀다가 약 $0.36으로 반등했습니다. 이는 WEMIX의 두 번째 집단 상장 폐지입니다. DAXA 거래소 동맹은 상장 기준 미달을 이유로 들었습니다. 一 링크 한국의 주요 5개…
— WuBlockchain News Korean (@WuBlockchainKR) May 2, 2025 The decision marks the second time WEMIX has faced delisting within South Korea’s notoriously cautious crypto environment.
The delisting follows a February cyberattack in which more than 8.65 million WEMIX coins, valued at around 9 billion won (approximately $6.2 million), were illicitly withdrawn from Wemade’s Play Bridge Vault, a critical component of its Web3 infrastructure.
DAXA deemed the breach inadequately explained, and the WEMIX Foundation failed to satisfy key transparency, disclosure, and user compensation compliance standards.
DAXA, which comprises five major Korean crypto exchanges: Upbit, Bithumb, Coinone, Korbit, and Gopax, announced that all trading support for WEMIX will cease at 3:00 PM KST on June 2. Withdrawal functionality will remain available until July 2.
The move was particularly consequential because Korea remains WEMIX’s most significant liquidity and trading volume market.
Source: CryptonewsWEMIX’s price collapsed nearly 60% on the news, falling from 1,200 won ($0.85) to just over 400 won within hours. Shares of Wemade were similarly affected, tumbling 17.45% in a single day to close at 23,650 won.
Delisting Decision Deepens Regulatory and Security Woes, Affects WEMIX PriceDAXA’s rationale for the delisting was firmly rooted in its description of Wemade’s ongoing failure to meet the standards necessary for maintaining trading support.
“Despite the foundation’s explanatory data, the cause of the security breach and investor compensation plans remain unclear,” DAXA stated.
The alliance conducted multiple reviews in March and April following the February hack, during which WEMIX had already been placed on a warning list.
Ultimately, however, the regulators determined that neither the incident nor the risks to investors had been sufficiently addressed.
Wemade’s response was to propose a token buyback initiative to absorb circulating WEMIX and burn (incinerate) the tokens to restore market trust.
WEMIX Buyback Execution
To swiftly recover from the impact of the WEMIX PLAY Bridge incident and restore the stability of the service and ecosystem, the #buyback execution begins today.🔄
The buyback method and the exchanges where the buyback was conducted will be disclosed… pic.twitter.com/KU6XCWYz8U
— WEMIX (@WemixNetwork) March 14, 2025 While this plan was made public, DAXA was unconvinced of its effectiveness or sincerity.
The February hack, which affected the Play Bridge Vault used for cross-chain token transfers, highlighted vulnerabilities in Wemade’s infrastructure.
Despite immediate disclosures by the company, DAXA flagged a lack of timely and transparent communication.
The security lapse was particularly troubling because WEMIX underpins multiple blockchain-based games and DeFi applications within Wemade’s ecosystem.
This is not the first time the company has had to weather such storms. In 2022, WEMIX was initially delisted from Korean exchanges, only to be reinstated the following year.
That prior delisting was also due to concerns over token supply disclosures.
A Strategic Setback With Global ImplicationsThe delisting’s domestic impact cannot be overstated. With Korean exchanges responsible for most of WEMIX’s trading volume, losing liquidity and investor access in its home market is critical.
Even though WEMIX remains tradable on certain overseas platforms like Bitget and Bybit, trading volumes on those exchanges are minuscule compared to South Korea’s concentrated crypto ecosystem.
Moreover, re-listing on domestic exchanges is now barred for at least a year under current regulatory guidelines.
Wemade has vowed to continue expanding its blockchain initiatives globally, hinting at new exchange listings outside of Korea to mitigate the impact of the delisting.
Statement for the WEMIX Community
In response to DAXA’s recent decision to end support for #WEMIX transactions,
we sincerely apologize to our community.
We remain firmly committed to the integrity, growth, and global future of WEMIX.
📢 Official announcement here :… pic.twitter.com/K28EWf94jU
— WEMIX (@WemixNetwork) May 2, 2025 However, without robust domestic support and still recovering from reputational damage, those efforts face uphill challenges.
With its ecosystem’s key token removed from its strongest market, the company will have to navigate technical or regulatory challenges and a fundamental crisis of trust among investors and users alike.
The future of Wemade’s blockchain ambitions may now hinge on how it restores faith after its second major delisting.
Phishingový útok připravil čtyři oběti o 12 milionů USD v LINK, SAVM, USDT, USDC, BUSD, OP, SUPER a dalších tokenech. Jeden investor přišel o 2,34 milionu USD v SUPER a jeho tržní kapitalizace spadla o 20 % za 45 minut.
In a massive phishing scam, $12 million vanished from four victims within five days, exposing critical gaps in cryptocurrency security. The prevalent use of create2, a standard tool, empowers malicious actors to exploit temporary addresses and sidestep wallet defenses based on address blacklists. Moreover, the crypto scam drained millions worth of Chainlink (LINK), SatoshiVM (SAVM), Optimism (OP), Tether (USDT), USD Coin (USDC), Binance USD (BUSD) and SuperVerse (SUPER) tokens.
Details Of Recent Crypto Scam According to Scam Sniffer, a Web3 scam tracking platform, the ERC20 permit has become a standardized weapon. It intensifies the impact of wallet-draining attacks, with collateral tokens, including LP tokens and NFTs.
Moreover, the post highlighted that the calculated use of ERC20 permit signatures has become the primary mode of operation for such crypto scams. This is a significant peril to users who unsuspectingly fall prey to seemingly legitimate ERC721 signatures designed for gasless token approval.
In addition, the snapshots shared by Scam Sniffer on X reveal that apart from the above-mentioned digital currencies, collateral tokens, such as aEthWETH, aEthUNI, and aEthLink were also affected Furthermore, the most recent incident further underscores the severity of the threat.
The latest update underscores that a victim lost a staggering $2.34 million worth of SUPER to a crypto scam via phishing. This eventually caused an immediate 20% plummet in SUPER’s market cap within a mere 45 minutes.
Also Read: Bitcoin Price Jumps 5% In Catch-Up To Equities, $43,000 In Sight
Ripple CTO Unveils New OpenSea Scam Ripple Chief Technology Officer David Schwartz has recently revealed a phishing scam targeting users of OpenSea, a prominent NFT marketplace. He noted that the scam involves fraudulent emails that claim to be from OpenSea and notify users of bids on their NFTs.
Schwartz added that these emails contain a malicious link, disguised as a SurveyMonkey survey, redirecting users to a fake OpenSea page aiming to steal their credentials. The Ripple CTO’s revelation highlights the increasing sophistication of hackers in the digital asset space.
Furthermore, similar scams have been reported, suggesting a growing trend of fraudulent activities in the crypto community. Moreover, this displays the necessity for heightened vigilance and security measures among users and industry platforms.
Also Read: 7 Reasons To Buy Solana (SOL) This Year
Bitstamp delists Euro Tether (EURT) to comply with EU’s new MiCA regulations. MiCA requires stablecoins to be fully backed by liquid reserves for consumer protection. Non-euro stablecoins remain available on Bitstamp but limited to certain products for EU customers. As the European Union’s Markets in Crypto-Assets (MiCA) regulation comes into full effect, the cryptocurrency exchange Bitstamp that is set to be acquired by Robinhood, has announced it will delist Tether’s euro-pegged stablecoin, Euro Tether (EURT).
This move, effective by the end of June, underscores Bitstamp’s commitment to regulatory compliance and marks a significant moment in the crypto market’s evolution within the EU.
MiCA’s impact on stablecoins The MiCA regulation, set to go live on June 30, 2024, aims to create a unified regulatory framework for crypto assets across the European Union.
This comprehensive regulation requires fiat-backed stablecoin issuers to implement robust safeguarding measures and ensure full backing by liquid reserves. By adhering to these standards, the EU hopes to protect consumers and promote the maturation of cryptocurrencies as an asset class.
Bitstamp, a prominent player in the crypto exchange market, has responded to these new regulations by delisting EURT, a stablecoin they were one of the first to list back in November 2021. The delisting decision aligns with the need to comply with MiCA, which imposes stricter requirements on stablecoins, especially those denominated in euros.
James Sullivan, Bitstamp’s UK managing director, emphasized the exchange’s proactive stance on regulation, noting that Bitstamp supports MiCA’s mission to make crypto regulation uniform across the EU. Sullivan stated that the exchange’s commitment to compliance and security and that they are in a strong position to adapt to the changes. He highlighted the exchange’s efforts to communicate directly with affected customers.
What does the EURT delisting by Bitstamp mean? Euro Tether (EURT) was launched by Tether in 2021, joining the ranks of its more prominent counterpart, USD Tether (USDT).
However, EURT’s market capitalization has significantly declined from its peak of $236 million in February 2022 to approximately $33 million at present.
Reportedly, the market cap decline coupled with regulatory pressures are the main factors behind Bitstamp’s decision to delist the stablecoin.
The delisting of EURT is part of a broader trend among exchanges preparing for MiCA’s enforcement.
Bitstamp is not alone in this preemptive compliance strategy; Binance has also announced restrictions on unauthorized stablecoins for EU users, while Uphold has taken a more drastic approach by delisting USDT and six other stablecoins.
These actions reflect the stringent regulatory environment that MiCA introduces and the necessity for exchanges to align their offerings accordingly.
Notably, Bitstamp has clarified that non-euro-denominated stablecoins will not be delisted, although their availability will be limited to certain products for European customers. This decision underscores the nuanced approach exchanges are taking in response to MiCA, balancing regulatory compliance with market demands.
The future of Tether stablecoins in the EU The implementation of MiCA represents a pivotal moment for the cryptocurrency market in Europe. By enforcing rigorous standards on stablecoin issuers, the EU aims to enhance consumer protection and market stability.
However, the regulation also presents challenges for stablecoin providers and exchanges, necessitating significant adjustments to their operations.
Notably, Tether’s response to MiCA has been cautious. While the company is evaluating the regulation’s complexities, Tether CEO Paolo Ardoino has expressed reluctance to be regulated under MiCA, indicating a potential reevaluation of the company’s strategy in Europe.
NVIDIA už podle článku nepotřebuje čínské datacentrové compute tržby, protože její datacentrový, AI, networking a platformový byznys roste silně mimo Čínu. V 1. čtvrtletí tržby stouply o 85 % a výhled činí 91 mld. USD.
SummaryNVIDIA is a Buy as its base case no longer depends on Chinese data center compute revenue.NVDA’s data center, AI, networking, and platform businesses are compounding strongly ex-China, with Q1 revenue up 85% and robust $91B guidance.China now represents high-value optional upside, not a key valuation pillar; partial reopening or compliant chip sales would further boost upside.Downside risk is limited, with base and bull cases supporting 43–70% upside; key risks are AI buildout slowdown and Rubin ramp delays. Robert Way/iStock Editorial via Getty Images
I am not buying NVIDIA (NVDA) because I hope China will reopen someday. In fact, my argument is almost the opposite: I am buying NVDA because it no longer needs Chinese data center compute revenue
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Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Aleph Zero spustila na testnetu Shielding, první funkci zkOS, která generuje ZK důkazy přímo na zařízení uživatele za 0,5–3 sekundy. Cílí na soukromí v DeFi bez ztráty rychlosti.
Most zero-knowledge proofs are generated server-side for scaling, but Aleph Zero’s zkOS does that directly on users’ devices, offering privacy in a fraction of second
Aleph Zero, the leading blockchain platform recognized for its focus on privacy and scalability, announces the launch of the first feature of zkOS (zero-knowledge operating system)—Shielding, on its EVM Testnet. This release marks the first opportunity for users to experience the shielding feature of zkOS in action, demonstrating the speed and privacy capabilities of Aleph Zero’s zero-knowledge proof (ZK) technology optimizations.
Privacy at Lightning Speed Table of Contents
Privacy at Lightning SpeedHow the Shielding Demo WorksWhy zkOS Matters: A Glimpse Into the FutureUnlocking Privacy for New Use CaseNext Steps for Aleph ZeroContact The Shielding Demo release is a significant milestone for Aleph Zero, representing its commitment to developing practical privacy solutions for the blockchain industry. Aleph Zero’s zkOS enables zero-knowledge proofs to be generated client-side—meaning data is encrypted locally on the user’s device and never leaves unencrypted—providing high levels of privacy without compromising transaction speed. The Shielding Demo serves as the first practical interface for users to experience this privacy functionality, with zero-knowledge proofs generated within 0.5-3 seconds, ensuring that privacy has minimal impact on transaction performance.
“Privacy has long been a challenge in blockchain, often due to poor user experience,” said Adam Gagol, Co-Founder & CTO of Aleph Zero. “With today’s release, we’re delivering one of the fastest client-side ZK directly to users, combining privacy and performance. The release of the Shielding Demo offers a glimpse into how zkOS can bring privacy to DeFi without sacrificing speed or usability.”
How the Shielding Demo Works The Shielding Demo provides an intuitive interface for users to test Aleph Zero’s zkOS privacy layer. Here’s how it works:
Data Privacy: zkOS generates zero-knowledge proofs locally on the user’s device, ensuring that data remains private and secure. Transaction Flow: Users generate ZK proofs, send transactions to a relayer, and then they are executed on-chain—all while maintaining privacy. Fast Proving Times: The system delivers ZK proofs in 0.5-3 seconds on most devices, demonstrating zkOS’s speed and its minimal impact on transaction times. The Testnet version of zkOS allows users to interact with the system and witness its capabilities, though Aleph Zero notes that the privacy features will be built directly into the upcoming Common app.
Why zkOS Matters: A Glimpse Into the Future The launch of the Shielding Demo on Testnet is only the beginning. Aleph Zero’s roadmap for zkOS extends far beyond this initial release, with ongoing work on simplifying the user experience and the introduction of additional privacy features, such as ZK-ID and anonymity revokers, to ensure both privacy and protection against fraudulent use of the platform.
The system is designed to be easily integrated by developers, providing a privacy framework that requires minimal cryptographic knowledge. This simplicity, combined with Aleph Zero’s rapid client-side ZK proof generation, makes zkOS a critical tool for developers building privacy-centric applications across DeFi and other web3 sectors.
Unlocking Privacy for New Use Case The privacy space in blockchain has been facing increased challenges, such as regulatory scrutiny and delistings, often due to concerns over non-compliance. Aleph Zero’s zkOS offers a fresh approach by delivering privacy solutions that balance user confidentiality with regulatory requirements. Instead of focusing solely on anonymity, zkOS is designed to meet both the needs of users and the evolving demands of compliance.
zkOS enables users to manage their assets securely across multiple blockchains, ensuring their transactions remain private. Unlike traditional privacy methods that rely on centralized or hardware-based systems, zkOS operates directly on the client-side, safeguarding privacy without external dependencies.
Next Steps for Aleph Zero As the Testnet release progresses, Aleph Zero is focusing on refining Shielding and zkOS for its Mainnet deployment. Users who engage with the Shielding Demo will have the opportunity to be whitelisted for upcoming zkOS Beta testing on Aleph Zero’s EVM Mainnet.
About Aleph Zero
Aleph Zero is an ecosystem of blockchain solutions that are engineered for speed, data confidentiality, and ease of development. It achieves efficiencies akin to conventional web2 systems, upholds rigorous standards for data protection via zero-knowledge proofs (ZKP), and offers a comprehensive toolset for development across web3, ranging from WASM-based Rust to EVM-based Solidity environments. Aleph Zero’s versatility is highlighted by over 40 use cases being actively developed, showcasing its adaptability across various sectors and applications. These use cases are part of an engaged community and growing ecosystem of web3 applications supported by Aleph Zero programs.
For more information, visit https://alephzero.org/.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
London, United Kingdom, November 21st, 2024, Chainwire
Ike is proud to announce the official launch of its Liquid Staking Token (LST), sA0, on Aleph Zero. This milestone provides the Aleph Zero community with a new way to engage with the network by offering staking flexibility without compromising on rewards.
What Is sA0?
sA0 is Ike’s native Liquid Staking Token, designed to enhance the staking experience on Aleph Zero. With sA0, users can stake their AZERO tokens to support network security and earn rewards, all while keeping their assets liquid. This means they can use sA0 tokens across Aleph Zero’s ecosystem, unlocking new opportunities for participation and growth. Meaning, sA0 empowers users to “stake and use” at the same time.
sA0 Benefits
Liquidity Meets Rewards: Users receive sA0 tokens in exchange for their staked AZERO, enabling them to stay liquid while continuing to earn rewards. Smooth Integration: sA0 seamlessly integrates with Aleph Zero’s growing DeFi ecosystem, creating more utility and value for stakers. Stronger Network Security: By encouraging greater participation in staking, sA0 supports the overall security and resilience of the Aleph Zero network. Building Toward Progressive Decentralization
The launch of sA0 is a significant step in Ike’s roadmap toward progressive decentralization. Ensuring most of the slots are open for permissionless entry when governance live, Ike launched with 7 initial validators including Deutsche Telekom & STC Bahrain. As part of this journey, Ike will soon introduce community-driven governance features, including permissionless validator registration, initially scaling to have 30 slots with a fully transparent on-chain bonding process. This will enable a dynamic and competitive validator ecosystem, with the community playing a central role in decision-making.
Stephen Novenstern, Founder at Ike, commented:
“The mainnet launch of sA0 marks an exciting moment for both Ike and the Aleph Zero community. sA0 offers a powerful tool for staking while maintaining liquidity, and it’s just the beginning of our commitment to building a decentralized, community-driven ecosystem.
From the inception of the Ike Project, we wanted to build a Liquid Staking Protocol that wouldn’t just unlock staked liquidity; we wanted to put the Ike DAO in control of what percentage each Validator gets, and for it to be permissionless to get on the [Validator Registry] list.”
What’s Next?
With sA0 now live, Ike invites the Aleph Zero community to explore the benefits of liquid staking. In the coming months, Ike will focus on expanding the utility of sA0 within the ecosystem and rolling out governance features that further empower the community to shape its future. Users can see more in the Ike Docs here.
About Ike
Ike is the home of the sA0 Liquid Staking Protocol smart contracts live on Aleph Zero WASM. Together with the community, validators, and other builders in the ecosystem, they are fundamentally reshaping the network, delivering liquidity at the base layer, composable rewards, increasing participation and ultimately enhancing network security.
Drawing inspiration from the Japanese art of Ikebana, Ike is committed to fostering a harmonious and resilient ecosystem. By providing users with flexibility and liquidity in their staking journey, Ike empowers the Aleph Zero community to unlock the full potential of their assets while contributing to the network’s growth and stability.
Users can stay updated on the latest developments and engage with other like-minded individuals by joining the Ike Discord community and following on Twitter.
Contact Director of Growth
Alexios Konstantinidis
Ike [email protected]
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Federální odvolací soud rozhodl, že OFAC překročil svou pravomoc, když sankcionoval neměnné chytré kontrakty Tornado Cash. Soud uvedl, že takový kód nelze podle stávajícího práva považovat za majetek, na který lze uvalit sankce.
The following is a guest article from Matthew Niemerg, co-founder of Aleph Zero.
The Fifth Circuit Court of Appeals handed down a landmark ruling yesterday that could fundamentally reshape how cryptocurrency protocols are regulated. In Van Loon v. Department of Treasury, the court found that the Treasury Department's Office of Foreign Assets Control (OFAC) exceeded its authority when it sanctioned Tornado Cash's immutable smart contracts.
The ruling hinges on a deceptively simple question: can computer code that cannot be modified or controlled be considered “property”? The appellate court's answer was an emphatic no.
Tornado Cash is a cryptocurrency anonymizing service that helps preserve privacy by pooling users' digital assets together, making transactions harder to trace. In 2022, OFAC sanctioned it after North Korean hackers allegedly used it to launder over $455 million in stolen funds. But the court found that since Tornado Cash's core protocols are “immutable” – meaning they cannot be changed or controlled by anyone – they don't qualify as property that can be sanctioned under existing law.
A Watershed Moment for Crypto“Because these immutable smart contracts are unchangeable and unremovable, they remain available for anyone to use,” wrote Judge Don Willett, noting that even under sanctions, “the targeted North Korean wrongdoers are not actually blocked from retrieving their assets.”
This represents a watershed moment for the cryptocurrency industry. For the first time, a federal appeals court has acknowledged that certain decentralized protocols operate entirely as something completely different from traditional property or businesses. Since no one “owns” the protocols underlying email or the web, these autonomous smart contracts exist independent of any controlling entity.
The implications are significant. The ruling effectively creates a safe harbor for truly decentralized protocols that cannot be modified or controlled. While OFAC can still sanction individuals and companies, it cannot sanction the underlying code itself – at least under current law.
Balancing Privacy and SecurityHowever, the court explicitly left the door open for Congress to update the 1977 International Emergency Economic Powers Act (IEEPA) to address modern technologies. “Perhaps Congress will update IEEPA, enacted during the Carter Administration, to target modern technologies like crypto-mixing software,” the ruling noted. “Until then, we hold that Tornado Cash's immutable smart contracts…cannot be blocked under IEEPA.”
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This highlights the broader challenge of regulating privacy-preserving technologies that can be used for both legitimate and illegitimate purposes. As the court record shows, Tornado Cash was used by individuals seeking to protect their privacy when donating to Ukrainian war efforts and avoid harassment. But it was also exploited by bad actors for money laundering.
The crypto industry still has work to do in preventing illicit use while preserving privacy rights. Some proposed approaches include allowing users to voluntarily prove the legitimacy of their funds, or implementing “anonymity revoking” systems that could unmask users only under specific circumstances with proper oversight.
The Path ForwardJudge Willett acknowledged the government's concerns about illicit finance as “undeniably legitimate.” But he emphasized that courts must apply the law as written, not “tinker with it.” The ruling concludes:
“Mending a statute's blind spots or smoothing its disruptive effects falls outside our lane.”
This balanced approach – recognizing both the importance of preventing criminal activity and the need to protect privacy-enhancing innovation – points the way forward. Rather than trying to force new technologies into old regulatory frameworks, legislators need to craft updated laws that understand the unique nature of decentralized systems while addressing legitimate security concerns.
For now though, this ruling represents a victory for technological innovation and a recognition that not everything in the digital age fits neatly into traditional legal categories of property and ownership. The challenge ahead is building a regulatory framework as sophisticated as the technology it aims to govern.
Astar Network představil plán Tokenomics 3.0, který má zavést pevnou nabídku 10,5 miliardy ASTR místo inflačního modelu. Součástí je i posun ke komunitní správě a větší využití napříč blockchainy.
Astar Network has released a new roadmap as it moves to add more utility and features to its native token.
Summary
Astar Network, a parachain within the Polkadot ecosystem, has released a fresh roadmap to enhance its native token. The project plans to introduce a fixed supply cap of 10.5 billion ASTR, replacing the inflationary model. Starting next year, the network will shift from its current governance system to a community-led approach. Shared in a November 12 X post, the roadmap outlines Astar Network’s plan to improve its native ASTR token with features that reduce supply, increase cross-chain use, and provide the community with more control. It sets the stage for the team’s long-term goal of making the token more stable, useful, and valuable over time.
Astar Network introduced the upcoming Tokenomics 3.0 framework, which will shift ASTR from an inflationary supply to a fixed cap of 10.5 billion tokens, possibly less after the network’s planned “Burndrop” event. The Burndrop also allows users to burn their ASTR (ASTR) tokens in exchange for allocations in the Startale ecosystem, a feature that is currently in testing and is designed to create scarcity while rewarding long-term holders.
“After months of building, Astar is entering its next era, one defined by proof, progress, and participation. The foundation is set for a more decentralized, utility-driven network,” the team wrote.
Meanwhile, the network is also planning to launch a Startale App by early 2026. The application will act as a multichain wallet and “super app” for managing the native token across the various networks, supporting payments, and making it easier for users to interact with the ecosystem.
Astar Network eyes Plaza integration and governance shift As part of the roadmap, Astar will integrate with Polkadot Asset Hub Plaza starting later this year. This upgrade will add EVM compatibility, enable bridging to Ethereum, and give ASTR access to wider liquidity, while also expanding the token’s role in cross-chain staking and voting.
To increase community participation, the Astar Foundation plans to move toward decentralized governance by mid-2026 through community councils and contributor programs. Later that year, it will launch an Ambassador Fellowship Program that rewards active members with tokens.
With this roadmap, Astar aims to position itself as a sustainable Web3 infrastructure platform. Founder Sota Watanabe noted that the goal is to create “a leaner, fairer network” where the native token is not just a utility asset but a cornerstone of the protocol’s long-term future.
Astar Network navrhuje u ASTR limit nabídky na 10 miliard tokenů a nižší inflaci. Nový mechanismus postupného snižování emise má ukončit neomezené zvyšování nabídky.
TLDR: Astar proposes capping total ASTR supply at 10 billion tokens through new emission decay mechanism. Lower inflation rates address mismatch between current participation levels and token supply growth. Emission decay creates predictable path for token issuance, ending unlimited supply expansion model. Burndrop mechanisms may permanently reduce circulation below the proposed 10 billion token ceiling. Tokenomics 3.0 represents Astar Network’s proposal to restructure ASTR supply mechanics through two fundamental changes.
The network plans to introduce lower inflation rates alongside a defined maximum supply of 10 billion tokens. Astar announced the proposal through its official channels, outlining how emission decay will establish a fixed cap on total token circulation.
The updates aim to address current network conditions where participation levels do not align with existing inflation rates. This proposal marks a structural shift in how ASTR issuance operates.
Emission Decay Establishes Fixed Supply Limit The proposed emission decay mechanism will set a clear boundary for total ASTR supply. According to the network’s announcement, supply will converge toward 10 billion ASTR tokens.
This eliminates the previous model of unlimited supply expansion. The change introduces predictability into the token’s long-term economic structure.
Emission decay determines how issuance decreases progressively over time. The mechanism creates a mathematical path toward the defined supply cap.
Network participants will have clarity on future token availability. This structure differs from the current open-ended inflation model.
Supply-side mechanisms like Burndrop may reduce total circulation below the cap. These mechanisms permanently remove tokens from the available supply.
The combination of emission decay and burn functions could push actual supply lower. Therefore, 10 billion represents a ceiling rather than a guaranteed endpoint.
The proposal makes issuance rules more transparent for stakeholders. Token holders can calculate future supply expansion with greater accuracy.
This clarity supports informed decision-making across the ecosystem. Moreover, defined parameters reduce uncertainty in long-term planning.
Inflation Reduction Addresses Dilution Concerns Astar’s proposal reduces maximum inflation to slow supply growth rates. The network identified that current participation does not support existing inflation levels.
When supply expands faster than network activity, dilution accelerates. Lower inflation rates help control this dynamic.
The adjustment aligns supply growth with actual network engagement. Tokenomics 3.0 aims to maintain balance between issuance and participation.
This approach protects existing token holders from excessive dilution. Controlled supply growth supports value retention over time.
Current network conditions necessitate this recalibration of inflation parameters. The proposal responds to observable gaps between supply expansion and user activity.
By narrowing this gap, the network seeks to stabilize its economic foundation. This creates conditions for sustainable development.
The changes strengthen supply discipline within the ecosystem. Astar positions these updates as protective measures for ASTR value.
The network emphasizes that controlled issuance supports long-term stability. These modifications work together to establish a more measured approach to token economics as the ecosystem continues to develop.
Bitbank a Epos Card spustily v Japonsku první kreditní kartu navázanou na kryptoměny 27. dubna 2026. Držitelé získají měsíčně 0,5% odměnu v BTC, ETH nebo ASTR.
TLDR: Bitbank and Epos Card launched Japan’s first crypto-linked credit card on April 27, 2026. Cardholders earn a 0.5% crypto cashback monthly, choosing between Bitcoin, Ethereum, or Astar. Users can pay monthly card fees directly from their bitbank exchange account using Bitcoin. Visa’s Japan president confirmed support, calling it a key step in connecting crypto to daily payments. Japan’s Bitbank has officially entered the credit card market with a compelling cashback offer. In partnership with Epos Card Co., Ltd., the company launched the EPOS CRYPTO Card for bitbank on April 27, 2026.
The card gives users a 0.5% crypto cashback on all monthly card spending. This move positions Bitbank as a serious player in Japan’s broader consumer financial services space.
A Cashback Model Built Around Crypto Asset Returns The 0.5% crypto cashback feature sits at the center of this card’s value proposition. Unlike traditional cashback programs that return yen or points, this card rewards users in digital assets.
Cardholders can receive their returns in Bitcoin (BTC), Ethereum (ETH), or Astar (ASTR). The chosen crypto asset is then credited directly to the user’s Bitbank exchange account.
What makes this arrangement particularly practical is the monthly selection flexibility. Users are not locked into one crypto asset for the entire year.
Instead, they choose their preferred return asset each month based on personal preference. This gives cardholders direct control over how they build their digital asset holdings over time.
New members also receive an additional welcome benefit worth 2,000 yen upon signing up. This is awarded on top of the recurring 0.5% crypto cashback program.
Together, both incentives make the card attractive for users already active on the bitbank exchange. Applicants must hold a verified bitbank account to qualify for the card.
Epos Card, the fintech arm of the Marui Group, brings its financial inclusion mission to this partnership. The company has long aimed to provide accessible financial services across all income levels.
Pairing that mission with Bitbank’s crypto infrastructure creates a card that serves both new and experienced crypto holders. The result is a rewards structure designed to lower the barrier to digital asset ownership.
How Bitbank Is Reshaping Japan’s Crypto Payment Landscape Beyond cashback, the card also allows users to pay monthly fees directly from their bitbank exchange account. This makes it Japan’s first credit card to support crypto asset withdrawals for card payment.
Bitcoin is the only asset currently accepted for this withdrawal function. The BTC is sold at the prevailing market rate at the time the payment is processed.
Users should factor in that crypto price movements can affect the final yen-converted amount. There is also a possibility that insufficient BTC holdings could prevent a payment from going through.
Furthermore, selling crypto assets in Japan may carry tax obligations requiring a formal return. Cardholders are advised to stay informed on the regulatory side of crypto transactions.
Visa Worldwide Japan K.K. President Setan Kitney publicly welcomed the card’s launch with a clear statement of support. “We are pleased to announce that we have taken a new and important step in connecting crypto assets with the everyday payment experience,” Kitney said.
He further added, “We hope that new options such as payments and rewards using crypto assets will become more accessible to more people.” His comments reflect growing institutional confidence in crypto-integrated consumer products across Japan.
Kitney also reaffirmed Visa’s broader commitment to the space. “Visa will continue to work with issuers and other ecosystems to foster innovation and expand access to financial services,” he noted.
This backing from a global payments giant adds credibility to the card’s long-term prospects. It also signals that major financial networks are aligning with the direction both Bitbank and Epos Card are heading.
Looking ahead, both companies plan to widen the card’s supported digital assets and payment options. A commemorative campaign is currently running on Bitbank’s official website for new applicants.
Biconomy, a crypto exchange based in Canada, today announced the listing of XDC Network on its digital asset trading platform. According to the announcement made today, spot trading for the XDC/USDC is now available for customers to participate in various financial transactions.
Powered by its native (BIT) token, Biconomy exchange is an Ontario-based cryptocurrency trading and investment platform that allows people to seamlessly purchase, sell, swap, trade, and store crypto assets. Since its launch in 2019, the exchange has continued to expand its global presence and serves users across the international scene. Its decision to add the XDC token to its trading platform sends a powerful signal about the capability of this altcoin.
Biconomy Allows Users to Leverage XDC for Trading The listing of the XDC Network on Biconomy’s trading platform means that the cryptocurrency has passed Biconomy’s stringent due diligence process, which examines factors such as security, project capability, and regulatory compliance. The listing offers immediate legitimacy of the XDC token and its visibility to the public market.
By adding XDC Network, a Layer-1 blockchain designed for trade finance, RWA tokenization, and payments, into its trading platform, Biconomy allows crypto enthusiasts to engage with the XDC token through investing, trading, and staking activities. The listing on Biconomy further increases the token’s visibility and liquidity within crypto and DeFi ecosystems to drive the asset’s widespread utility.
The current price of XDC is $0.04994. XDC Listing Fuels Market Momentum Today, XDC surged its price by 5.9%, making it currently trading at $0.04994, potentially catalyzed by its token listing on Biconomy. The decision for Biconomy to list XDC comes after Bybit integrated XDC (yesterday, December 9, 2025) into its centralized cryptocurrency exchange to allowing its customers to enjoy low-cost transactions and fast payment settlements powered by the XDC Network.
The XDC Network is recognized for its low-cost and rapid transactions. Its transaction fees are much lower than other blockchain platforms, making it more cost-efficient for customers. In late August, Circle, a stablecoin issuer, integrated its USDC payment rails into the XDC Network to improve trade finance, RWA settlements, and DeFi applications.
The latest three integrations above highlight XDC’s positioning itself as a prominent blockchain network for rapid, low-cost global financial trade, real-world asset tokenization, and cross-border payments.
The XDC Network’s TVL, which currently stands at $23.48 million, is proof of its rapidly growing Layer-1 blockchain. This points out a shift towards utility-driven infrastructure that thrives amid the stablecoin boom, rising tokenized real-world assets, and surging on-chain institutional inflows.
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.
Ronin se 12. května při hard forku přesune z nezávislého sidechainu na Ethereum L2 a na zhruba 10 hodin pozastaví transakce i herní akce. Přechod má snížit inflaci RON z více než 20 % na méně než 1 %.
After four years of operating as a sidechain, Ronin is to become an Ethereum L2. Gaming (Mateo/Unsplash) Summary
Ronin, the gaming-focused blockchain behind Axie Infinity, will hard fork on May 12 to migrate from an independent sidechain to an Ethereum layer 2, causing about 10 hours of network downtime.During the migration window, all Ronin transactions and onchain game actions will be paused.The transition to the OP Stack and a new Proof of Distribution model will sharply cut RON token inflation and aim to improve security, scalability and costs after the network’s history-making $625 million bridge exploit.Ronin, the gaming-centric blockchain once synonymous with the industry’s infamous $625 million exploit, is officially shedding its sidechain skin on May 12 to become an Ethereum layer 2 to improve security while maintaining throughput.
Ronin, which announced the migration in April, will execute a hard fork at block 55,577,490, a process that will result in about 10 hours of downtime for users, the network said Monday on X. According to onchain data, the migration is expected to begin on Tuesday around 15:16 UTC.
“Four years ago, we launched Ronin because Axie Infinity needed a faster and more efficient network,” Ronin said when announcing the migration. “It worked. Axie Infinity onboarded millions of gamers to crypto, and Pixels proved that it was possible to do it again.” The time has come to plug "back into the mothership."
While operating as an independent sidechain in mid-May 2022, Ronin suffered what is still today the largest DeFI bridge exploit in history. Layer 2 protocols benefit from tighter links to the underlying blockchain than sidechains, offering benefits that include greater security.
The network's native token, RON, is currently trading at around 11 cents with a market capitalization of about $89.5 million, according to CoinDesk data. While the token remains significantly below its 2024 peak, the migration sparked a rally, with prices climbing 30% over the last 30 days as investors eye a shift in the network's supply dynamics.
“During this downtime window, all network transactions [including transfers, swaps, and smart contract interactions] will be paused,” Ronin said, adding that all games using its network will also be affected. “To avoid any inconvenience, please complete all necessary transactions/onchain game actions on the Ronin Network before the downtime begins.”
During the downtime, a "Proof of Distribution" model will be introduced to reward builders based on active network contribution rather than passive staking, Ronin said. The team noted that “this is fundamentally bullish for RON as it dramatically cuts token inflation from over 20% to below 1%.”
The company also said that transitioning to the OP Stack will allow it to inherit Ethereum’s robust security while maintaining high throughput. The move redirects 90 million RON tokens previously earmarked for staking rewards into the Ronin Treasury, while more than doubling marketplace fees to 1.25% from 0.5%.
Ronin said its narrative is dominated by its pivotal return to Ethereum, a strategic move to reset its economics, secure its bridge infrastructure, and secure its future in an upgrade intended to improve scalability and reduce costs through the use of EigenDA for data availability.
Solana spustila upgrade Alpenglow na komunitním testovacím clusteru, což je největší změna konsenzu v historii sítě. Cílem je zkrátit finalitu a zlepšit odezvu sítě.
Welcome to The Protocol, CoinDesk's weekly wrap of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, a reporter at CoinDesk.
In this issue:
The biggest consensus overhaul in Solana history is officially live for testingLayerZero says it "made a mistake" in $292 million Kelp exploitRonin set to transition to Ethereum layer 2 from independent sidechainThe Ethereum Foundation unveils new "Clear Signing" standard to stop users from approving malicious crypto transactionsNetwork News"ALPENGLOW" UPGRADE LIVE FOR TESTING ON SOLANA: Solana developer Anza said that Alpenglow, the network’s biggest proposed consensus overhaul to date, is live on a community test cluster, marking a major step toward a potential mainnet rollout. The update means validator operators can now test software designed to move Solana from its current consensus system, which combines Proof-of-Stake with TowerBFT and Proof-of-History, toward a new architecture intended to dramatically reduce finality times and improve network responsiveness. “Alpenglow is live on the community test cluster,” Anza wrote on X. “The biggest consensus change in Solana’s history, now running on validator infrastructure ahead of mainnet.” Today, Solana relies on Proof-of-History, a cryptographic clock that timestamps transactions, alongside TowerBFT, a voting mechanism validators use to agree on the state of the blockchain. While the design has helped Solana achieve high throughput and low fees, some have pointed to outages and network instability during periods of heavy demand. — Margaux Nijkerk Read more.
LAYERZERO APOLOGY FOR KELP DAO INCIDENT: LayerZero said that it “made a mistake” allowing its own verification infrastructure to secure high-value crypto assets in a vulnerable configuration, marking a notable shift in tone after weeks of blaming developer Kelp DAO for a $292 million hack tied to North Korean attackers. The admission marks a notable shift after weeks of public finger-pointing between LayerZero and Kelp over responsibility for the April hack, which LayerZero had initially framed as an application-level configuration failure by Kelp. “First things first: an overdue apology,” LayerZero wrote in a blog. LayerZero initially blamed Kelp, arguing the protocol had chosen a risky “1-of-1” configuration in which only a single decentralized verifier network, or DVN, needed to approve cross-chain transfers, creating a single point of failure. A DVN is part of the infrastructure that verifies whether a transaction moving assets between blockchains is legitimate. “We made a mistake by allowing our DVN to act as a 1/1 DVN for high-value transactions,” the company said. “We didn't police what our DVN was securing, which created a risk we simply didn't see. We own that.” — Sam Reynolds Read more.
RONIN TO TRANSITION TO LAYER-2: Ronin, the gaming-centric blockchain once synonymous with the industry’s infamous $625 million exploit in 2022, is officially shedding its sidechain skin on May 12 to become an Ethereum layer 2 to improve security while maintaining throughput. Ronin, which announced the migration in April, will execute a hard fork at block 55,577,490, a process that will result in about 10 hours of downtime for users, the network said Monday on X. According to onchain data, the migration is expected to begin on Tuesday around 15:16 UTC. “Four years ago, we launched Ronin because Axie Infinity needed a faster and more efficient network,” Ronin said when announcing the migration. “It worked. Axie Infinity onboarded millions of gamers to crypto, and Pixels proved that it was possible to do it again.” The time has come to plug "back into the mothership." While operating as an independent sidechain in mid-May 2022, Ronin suffered what is still today the largest DeFI bridge exploit in history. Layer 2 protocols benefit from tighter links to the underlying blockchain than sidechains, offering benefits that include greater security. — Olivier Acuna Read more.
ETHEREUM DEVELOPERS RELEASE “CLEAR SIGNING”: The Ethereum Foundation and a group of major crypto wallet developers are rolling out a new security standard designed to stop users from accidentally signing away their funds, a problem that has fueled some of the industry’s biggest hacks and scams. The initiative, called “Clear Signing,” aims to replace the confusing walls of code users currently see when approving Ethereum transactions with simple, human-readable explanations of what they’re actually agreeing to. The effort comes after years of phishing attacks and wallet drains that often boil down to the same issue: users unknowingly approving malicious transactions they don’t understand. The Ethereum Foundation pointed to incidents like the Bybit hack as examples of how attackers exploit “blind signing,” where users approve transactions filled with unreadable technical data. Right now, signing a crypto transaction can feel like clicking “accept” on a terms-of-service page written in another language. Wallets often display long strings of code that only highly technical users can decipher, leaving everyday traders vulnerable to fake apps, malicious links and compromised websites. — Margaux Nijkerk Read More.
In Other NewsCharles Schwab, the brokerage giant that manages around $12 trillion in client assets, began the rollout of its spot cryptocurrency trading service for retail customers in the U.S. An initial group of clients can now trade bitcoin and ether (ETH) on the Schwab Crypto platform, the company posted on X.In July last year, CEO Rick Wurster said the company planned to introduce crypto trading in the near future, with a timeframe of first-half 2026 confirmed last month. The Westlake, Texas-headquartered firm already offers crypto investments through exchange-traded funds (ETFs) and futures trading. — Jamie Crawley Read more.JPMorgan (JPM) is preparing to launch a tokenized money market fund, the latest sign that major financial institutions and Wall Street asset managers are speeding up efforts to move traditional assets onto blockchain rails. A filing with the U.S. Securities and Exchange Commission SEC) outlined plans for a blockchain-based money-market fund investing exclusively in short-term U.S. Treasuries, cash and overnight repo agreements backed by government securities. The fund, dubbed JPMorgan OnChain Liquidity-Token Money Market Fund (JLTXX), will maintain blockchain-based token balances tied to investors' ownership records, allowing approved users to submit purchase, redemption and transfer requests through Ethereum, the filing said. The underlying blockchain infrastructure will be operated by Kinexys Digital Assets, JPMorgan’s blockchain unit formerly known as Onyx. — Kristzian Sandor Read more.Regulatory and PolicyThe legislation that could fully insert the U.S. crypto industry into the regulated financial system has emerged in its latest form, with the Senate Banking Committee unveiling the market structure bill's text just after midnight on Tuesday in advance of this week's hearing that's set to push the effort forward. The latest version wasn't expected to offer many surprises for the crypto industry that's already had a chance to dig through it privately, but it includes still-contentious language on stablecoin yield and it maintains legal protections for decentralized finance (DeFi) developers, keeping that corner of the crypto sector happy (so far). Industry insiders waited for the release late into the night, and they'll still have to study the language to ensure their expectations were met. "This bill reflects serious, good-faith work across the committee and delivers the certainty, safeguards, and accountability Americans deserve," committee Chairman Tim Scott said in a statement. "It puts consumers first, combats illicit finance, cracks down on criminals and foreign adversaries and keeps the future of finance here in the United States." — Jesse Hamilton Read more.The Senate confirmed Kevin Warsh to the Federal Reserve Board of Governors on Tuesday, moving President Donald Trump’s pick one step closer to becoming the next chair of the U.S. central bank. Lawmakers approved Warsh in a 51-45 vote. Sen. John Fetterman (D-Pa.) was the only Democrat to support the nomination. Warsh still must win a separate Senate vote to become Fed chair, which is expected Wednesday. Governors serve 14-year terms while the chair serves a four-year term. If confirmed as chair, Warsh, 56, will replace Jerome Powell, whose eight-year term leading the Fed ends Friday. Powell, however, has said he plans to remain on the board until a federal probe into renovations at the Fed’s headquarters concludes. — Helene Braun Read more.Calendar
June 2-3, 2026: Proof of Talk, ParisJune 4, 2026: Stable Summit, New YorkJune 8-10, 2026: ETHConf, New YorkSept. 29-Oct.1, 2026: Korea Blockchain Week, SeoulOct. 7-8, 2026: Token2049, SingaporeNov. 3-6, 2026: Devcon, MumbaiNov. 15-17, 2026: Solana Breakpoint, LondonRelated Assets
Aragon zakládá Aragon Foundation jako nový řídicí orgán pro další rozvoj projektu DAO. Radu povedou členové komunity Ethereum včetně Sandeepa Nailwala z Polygonu a Sachy z Lido.
The foundation council will feature established builders from the Ethereum community, including Polygon Co-founder Sandeep and Sacha from Lido.
Aragon, a platform for building and managing Decentralized Autonomous Organizations (DAOs), is creating the Aragon Foundation, a new governing body that aims to help the project move past a tumultuous phase and further its development.
The Aragon Foundation will be led by a so-called Strategic Council, a group of high-profile Ethereum community members who are tasked with formulating strategies, allocating funds, advising the Aragon team and fostering developers. Memebers of the council include Polygon co-founder Sandeep Nailwal, and Sacha, one of the leading researchers in the Lido ecosystem.
In November 2023, the Aragon Association, which was an entity overseeing the Aragon DAO, announced its motion to dissolve the entity and enable user redemptions of its native token ANT.
The Aragon Foundation will inherit funds left over from the legacy Aragon Treasury that are not redeemed by the ANT Redemption Initiative, which is set to end on Nov. 2. The ANT token is up roughly 35% since the initiative was announced and currently trades at a $280 million fully-diluted valuation.
As of Oct 28, 82.5% of the outstanding supply had been redeemed for ETH.
ANT Price - CoinGeckoThe Aragon Foundation will operate as an ownerless organization that aligns with Aragon's values and mission. The Aragon team will remain independent from the Foundation.
“There is an entirely new governing body, and it is composed of people who have been Aragon supporters and users,” Aragon CEO Anthony Leuteneggar told The Defiant in an interview. “There will be alignment around one singular mission, and you have professional people who can fulfill that mission.”
Aragon, which launched in 2017, provides users with no-code DAO creation and management tools. Through Aragon users can distribute tokens, set governance parameters and authorize wallets for voting simply through its interface.
It believes that “the future of humanity will be decided at the frontier of technological innovation and human collaboration.”
Lido DAO navrhuje automatizovaný buyback LDO prostřednictvím likviditního poolu LDO/wstETH, který má snižovat nabídku v oběhu a zlepšit on-chain likviditu. Aktivace má nastat jen při ceně ETH nad 3 000 USD a ročním výnosu nad 40 milionů USD.
In a recent proposal, Lido introduced an automated buyback mechanism. It would use LDO and wstETH liquidity to form a Uniswap v2-style liquidity pool. It will be managed by the Aragon Agent. If approved, the plan could launch as early as Q1 2026. The goal is simple but powerful: remove LDO tokens from circulation through automated buybacks while improving on-chain liquidity. This would make LDO more useful across decentralized finance (DeFi) platforms, giving token holders more confidence and long-term value.
How the Buyback Mechanism Works In traditional finance, companies buy back their own stock to reduce supply and increase value. Lido’s proposal brings a similar idea on-chain. Instead of purchasing shares, the DAO would buy its own LDO tokens using revenue generated from staking rewards. The tokens would then be paired with wrapped staked ETH (wstETH) in a liquidity pool, improving trading depth while gradually removing LDO from the open market.
The system activates only under certain conditions. For instance, buybacks would occur when ETH trades above $3,000 and Lido’s annual revenue exceeds $40 million. The program would use up to 50% of staking inflows above that threshold, with a limit of $10 million per year to prevent excessive spending.
A proposal to implement an automated LDO buyback mechanism is now live on the Lido DAO Forum.
Opinions regarding mechanism, proposed parameters and more are welcome.https://t.co/Hve7cS405J
— Lido (@LidoFinance) November 11, 2025
This setup is anti-cyclical, meaning it responds to market performance. When ETH prices and revenues rise, buybacks increase, supporting token value. In bear markets, the system slows down or pauses, preserving DAO funds. This approach mirrors treasury strategies seen in protocols like MakerDAO’s Smart Burn Engine, which also automates buybacks based on market conditions.
More About Lido Lido DAO has unveiled stRATEGY, a new product that makes earning DeFi rewards easier and more automated. Built on Mellow Protocol’s Core Vaults, stRATEGY lets users deposit ETH, WETH, or wstETH just once and automatically distributes those funds across trusted platforms like Aave, Ethena, and Uniswap. The system continually rebalances to maximize rewards, simplifying what used to be a complex process.
Introducing stRATEGY
Curated DeFi rewards centered around stETH
Aave, Ethena, Uniswap & more
↓ pic.twitter.com/iXonyJCLhF
— Lido (@LidoFinance) November 6, 2025
In exchange, users receive strETH, a token that accrues both DeFi yields and Mellow points for added incentives. At any time, strETH can be swapped back into wstETH, giving users full flexibility. With stRATEGY, Lido DAO aims to make DeFi participation more accessible while focusing on reliable, battle-tested integrations that optimize returns.
Disclaimer The information provided by Altcoin Buzz is not financial advice. It is intended solely for educational, entertainment, and informational purposes. Any opinions or strategies shared are those of the writer/reviewers, and their risk tolerance may differ from yours. We are not liable for any losses you may incur from investments related to the information given. Bitcoin and other cryptocurrencies are high-risk assets; therefore, conduct thorough due diligence. Copyright Altcoin Buzz Pte Ltd.
Status Network spouští pre-depozitní vaulty s Aragonem před mainnetem v 1. čtvrtletí 2026. První fáze otevře vaulty pro SNT a LINEA. Následně se přidá vault pro ETH a v závěrečné fázi i stablecoinový vault.
We are excited to announce that Status Network has partnered with Aragon to deploy its pre-deposit vaults for mainnet, offering exciting benefits to those who get in early.
An OG in the crypto industry, Aragon powers protocols with products and services designed to manage capital allocation, governance, and ownership at scale.
As part of this partnership, Aragon’s open-source DAO infrastructure will underpin the secure pre-deposit vaults Status Network will make available ahead of its mainnet launch.
The first truly gasless L2 blockchain powered by the Linea zkEVM stack, Status Network features a native privacy layer as well as a reputation-based Karma system that aims to prevents spam while rewarding users for staking and participation.
Karma is a soulbound ERC-20 token that cannot be transferred or sold, only earned. Revenue generated by the network – from bridged yield and native apps fees – is gathered in a native funding pool and then allocated to the community through governance by Karma holders.
Before Status Network’s expected mainnet launch in Q1 2026, early adopters will be able to deposit SNT, ETH, LINEA, or stablecoins into their respective vaults. These assets will then be bridged to Status Network upon mainnet launch.
Each vault offers rewards for pre-depositors, including an amount of Karma at launch based on their deposit amount and points from core DeFi protocols on Status Network. As Karma cannot be purchased, pre-depositing is a great way to earn reputation and governance power early on.
Pre-Deposit Vaults TimelineThe pre-deposit campaign will roll out in several phases leading up to mainnet launch. Be the first to know when the vaults open by registering here.
The initial phase will open with the SNT and LINEA pre-deposit vaults. These vaults will remain available until mainnet goes live. As the core token of the Status community, pre-deposited SNT will receive the highest allocation of Karma at launch, set at 25 percent. After mainnet, SNT stakers will also receive 35 percent of the total weekly Karma issuance, making it the strongest long-term option for building reputation.
A subsequent phase will introduce the ETH pre-deposit vault, adding an additional pathway for early participation and yield redistribution.
The final phase will open the stablecoin vault, enabling early participants to redeem GUSD on the L2 at mainnet launch. GUSD is a new yield-generating meta-stablecoin backed by USDT, USDC, and USDS, created in partnership with Generic Protocol.
These pre-deposit vaults will remain open until the mainnet launch of Status Network in Q1 2026.
Remember, pre-depositing not only helps build liquidity and protocol resilience at launch, but it also earns you a corresponding amount of native app points and Karma, giving you a head start on building your reputation, your ability to help govern Status Network and other rewards.
“Through the Karma system, Status Network not only allows anyone to use the network without gas fees, but it also gives the community a way to benefit from the network’s revenue and vote on how it is run,” said Status Network lead Cyprien Grau.
“This philosophy of democratic agency and robust decentralised governance is shared by Aragon, making them the ideal infrastructure partner to power our pre-deposit vaults as we prepare for mainnet.”
Stay tuned for more updates from Status Network:
X (Twitter): Follow @StatusL2 for the latest updatesTelegram: Join the Status Network Builders Chat
Cartesi Foundation plánuje postupně nakoupit alespoň za 500 000 USD v $CTSI na volném trhu. Tokeny půjdou do treasury společnosti pro budoucí vývoj ekosystému.
The Cartesi Foundation, known for bridging software stack and blockchain, is reportedly all set to spend $500,000 on $CTSI purchase. $CTSI is the native token of the Cartesi ecosystem and purchase will take place through a series of open-market purchases. This move is designed to underline the Foundation’s long-term commitment to the development and sustainability of its decentralized infrastructure.
The Cartesi Foundation is reaffirming its long-term commitment to the ecosystem through a strategic open market purchase of at least $500,000 worth of $CTSI ⬇️ pic.twitter.com/W0EzzmaDcc
— Cartesi (@cartesiproject) April 8, 2025 The acquisition is subject to prevailing market conditions and will take place over a period of time. The Foundation says the purchases will be gradual and with no advance public announcement of exactly when or how much will be bought. The team adds that the acquired tokens will be added to the treasury of the Foundation for future development purposes.
Cartesi Strives for Broader Blockchain Adoption According to a statement from the Cartesi Foundation, this initiative fits within the foundation’s wider goal of facilitating ecosystem growth and pushing for the uptake of its decentralized infrastructure. The Foundation has chosen to allocate treasury resources to buy $CTSI to increase confidence in its technological framework and indicate ongoing support for its development team.
The Foundation believes in having a strong treasury of $CTSI so that it has more flexibility in funding ongoing and future initiatives. For example, it provides support to developers building on the platform and helps to expand access to connected tools to bridge the gap between traditional software environments and blockchain applications.
Cartesi’s Role in Blockchain Development Cartesi acts as a Layer 2 platform that enables developers to develop scalable decentralized applications using familiar software tools and programming languages. By allowing development through Linux and popular coding languages, Cartesi aims to solve the challenges commonly encountered in blockchain programming.
The goal of the project’s infrastructure is to make it easier to develop faster and more broadly adopted by bringing in years of accumulated software advances. The underlying vision is to keep the ecosystem stable for the long term and to bring long-term decentralized computing to the masses in a safe and easy manner using scaling solutions.
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Cartesi spustila vylepšenou verzi dApp Honeypot se systémem PRT fraud-proof. Projekt tak posiluje bezpečnost rollupů a udržuje status Stage 2 podle L2Beat.
Honeypot changes rollup security testing by means of a community-incentivized audit and interdisciplinary hacker battlefield. Cartesi is one of 26 projects that have managed to maintain their Ethereum L2 status in accordance with the new standards established by L2Beat. An upgraded version of Cartesi’s Honeypot decentralized application (dApp) has been launched, which raises the bar for rollup security standards. Cartesi is a modular blockchain system that first pioneered application-specific rollups. Moreover, Cartesi’s PRT Honeypot is already a Stage 2 rollup app and one of only three recategorized as Stage 2 by L2Beat.
Honeypot, which is now equipped with Cartesi’s Permissionless Refereed Tournaments (PRT) fraud-proof system, illustrates the project’s dedication to security, transparency, and open development.
Honeypot is a hacking challenge that was first introduced on the Ethereum mainnet two years ago. It is defined as a “hacking challenge based on the concept of honeypots.” Honeypot changes rollup security testing by means of a community-incentivized audit and interdisciplinary hacker battlefield. PRT, a fraud-proof mechanism that provides resistance to Sybil attacks without relying on permissioned validators or hefty hardware, has been added to this most recent version, which serves to strengthen it.
According to L2BEAT, which is a major open-source analytics platform for Layer-2 solutions, projects are evaluated based on proof systems that check rollup data for the purpose of ensuring safe Ethereum settlement. It is currently changing the classification of L2 projects depending on how far along they are in the process of becoming fully operational fraud-proof systems. This organization is widely regarded as a significant industry standard for rollup decentralization and security.
Honeypot is already recategorized as Stage 2, which is the ultimate step in which rollups become entirely governed by smart contracts. This is because Honeypot’s system is completely permissionless and fraud-proof, and it does not depend on a gated multisig for any interventions.
Erick de Moura, Founder at Cartesi stated:
“We don’t expect trust to be given — it should be earned. Honeypots allow projects to commit their own funds to validate the integrity of their fault proofs before asking others to rely on them. It’s a gradual, transparent path toward trustless security that reflects the values this ecosystem was built on.”
Cartesi’s new Honeypot upgrade is a crucial and essential milestone, indicating the maturity of its rollup technology. This is in light of the fact that Ethereum founder Vitalik Buterin has emphasized the need for all Layer-2s to implement measures that prevent fraud. With an eye toward the future, the group is working on the next-generation ‘Dave’ fraud-proof system in order to further increase security.
The conventional software stack and blockchain are separated by Cartesi, which acts as a bridge between the two. The infrastructure of the internet was built over the course of forty years, requiring billions of hours of labor and trillions of dollars. Through the use of Cartesi, developers are able to obtain access to the operating systems, programming languages, software libraries, and tools that have been methodically honed over the course of many decades. This paves the way for the next generation of blockchain applications.
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Po aktualizaci XRP Ledger xrpld 3.2.0 komunita hlásí řadu chyb, včetně problémů se synchronizací uzlů a pádu při parsování konfigurace. Zatím nebyl hlášen žádný výpadek celé sítě.
After the release of version 3.2.0 of the XRP Ledger core server software “xrpld,” the community has noted a number of issues. The update, which was released on June 15, added performance enhancements, memory optimizations, and security improvements. The most important update was that it renamed the server software as “xrpld” from “rippled.”
Developers Report Bugs On XRP Ledger v3.2.0 The XRP Ledger update was supposed to be a performance improvement and a memory reduction. However, it has already caused some problems for some developers and memory usage concerns for some operators in the project’s GitHub repository.
One of the most significant reports was an operator of nodes who reported that “xrpld” version 3.2.0 had failed to sync with the network. The software continues to be in a “connected” server state and would not have downloaded any ledger data even though the same machine was able to sync when using version 3.1.3, the issue report states. The issue was posted on June 18 and is still pending.
Another bug report came in shortly after release saying that configuration files with inline comments might cause the server to crash when it tries to parse them, which was determined to be a “BadLexicalCast” error. The report indicated that it was the legacy configuration parser that did not succeed in removing comments from some areas containing single value, which resulted in unexpected failures.
The GitHub issue tracker also lists some open bug reports on XRP Ledger that were reported within a few days of the release. These include peer communication issues, resource charging rules, message parsing policies, message compression, consensus-related routing rules, and amendment processing. Project maintainers classified many of the issues as bugs and triaged them.
Other Flaws On The Network In addition to the synchronization and configuration parser problems, node operators detected other bugs in the main server software. XRP Ledger developers reported a transaction relay calculation flaw that can cause transactions to be under-relayed to peers.
Moreover, they spotted a resource charging mechanism that only tracks the highest fee and discards previous fees. It also includes a validator list distribution issue, which sends validator information only to inbound peers, excluding outbound peers.
They also flagged risks of unsigned integer overflow during ledger sequence validation. The XRP Ledger members also saw potential inconsistencies in routing flags for transactions and broken nodes’ ID for proposals linked to ephemeral keys.
Further, they highlighted holes in the logic of ledger tracking that can leave nodes in an unknown state for an indefinite period of time. Some of these have been classified as bugs and are still to be reviewed by maintainers.
The reports have come despite hopes that the June 15 upgrade would actually bring some real improvements in performance. Prior to the launch, community conversations had resounded with the expected 30% to 40% memory usage reduction along with other general code optimizations and fixes.
The XRP Ledger Foundation and its contributors are ongoing with reviewing reported issues via the open source development process. There are no reported bugs that cause network-wide disruption as of this writing, and the issue or issues are still being investigated on their project’s GitHub repository. Currently, 26% nodes have been upgraded on the network.
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Venus Protocol na BNB Chain poprvé přidal tokenizované akcie bStocks jako kolaterál v Core Poolu. Uživatelé si mohou proti TSLAB, NVDAB a SPCXB půjčit aktiva bez prodeje svých pozic.
TLDR: Venus Core Pool now accepts TSLAB, NVDAB, and SPCXB as collateral for borrowing assets. Users keep stock price exposure while unlocking liquidity without selling their holdings. Binance, PancakeSwap, and Trust Wallet support the tokenization and transfer pathway. Rollout follows conservative risk parameters set through Venus governance procedures. Venus Protocol has launched tokenized stocks as collateral for the first time, introducing bStocks to its Core Pool on BNB Chain.
The integration lets users borrow against tokenized stock positions without selling their holdings. This marks the first tokenized stock collateral market available on the platform.
bStocks Enter Venus Core Pool Venus Core Pool now supports TSLAB, NVDAB, and SPCXB as eligible collateral assets. These bStocks represent tokenized versions of Tesla, Nvidia, and SpaceX-linked stock exposure.
Users supplying bStocks retain price exposure to the underlying equities. At the same time, they unlock borrowing power within the protocol.
Borrowers can access supported assets in Venus Core Pool using bStocks as backing. This includes stablecoins like USDT, USDC, and U.
Other listed tokens on the platform are also available for borrowing. The structure allows holders to keep their stock exposure while accessing liquidity.
Venus Core Pool remains the largest decentralized lending market on BNB Chain. bStocks now sit alongside BTC, ETH, BNB, and major stablecoins in the pool.
This places tokenized equities within the same liquidity infrastructure backing billions in active lending. Venus describes the addition as part of its core financial stack rather than a separate offering.
The bStocks launch follows earlier tokenized commodity listings on Venus, including XAUm. Those markets showed demand for real-world asset exposure within decentralized finance.
Venus is now extending that approach from commodities into equities. This broadens the categories of tokenized assets usable as on-chain collateral.
Ecosystem Collaboration Powers the Rollout The launch involved coordination across multiple platforms within the BNB Chain ecosystem. Binance supplies the tokenization infrastructure behind bStocks.
Users can convert existing Direct Stock holdings into bStocks without fees. Alternatively, bStocks can be purchased directly through Binance Spot.
PancakeSwap and Trust Wallet provide secondary market access for bStocks once tokenized. Holders can move tokens into self-custody wallets through these platforms.
From there, bStocks can be supplied directly to Venus Core Pool. This completes the path from tokenization to active collateral use in DeFi.
Venus Protocol’s Head of BD, Leon, said tokenized assets are turning into a genuine bridge between traditional finance and on-chain systems.
He described the development as a working product rather than a concept, adding that allowing users to borrow against tokenized stock positions without selling expands the meaning of collateral on BNB Chain.
The initial rollout includes a limited set of bStocks under conservative risk parameters. These parameters were set through Venus governance processes.
Any future expansion to additional tokenized stocks will require governance approval. Collateral markets operate continuously, allowing borrowers to access credit at any time.
Capital remains at risk throughout participation in these markets. Tokenized stock values depend on third-party issuers and available liquidity.
Borrowing positions may face automatic liquidation if collateral values decline. Users should review all disclosures before participating in these markets.
Bývalý přispěvatel Ethereum Foundation varuje před pomalou finanční tísní u core vývoje ETH, která může přijít během 3 až 9 měsíců. Podle něj je na udržení více než deseti týmů potřeba asi 30 milionů USD ročně.
A former Ethereum Foundation contributor has raised alarms about a possible shortfall in support for the network’s foundational development efforts, warning that it could materialize within the next three to nine months. Trent Van Epps, who spent five years at the Foundation until April 2026 coordinating core protocol activities and related funding initiatives, outlined these concerns in a detailed essay published on June 18, 2026.
Van Epps described the situation as a “slow-burning funding crisis” rather than an abrupt cliff.
He pointed to two primary pressures: the recent conclusion of a multi-year client support program and ongoing adjustments to the Foundation’s treasury management strategy.
The Client Incentive Program, which had channeled resources to teams maintaining Ethereum’s execution and consensus clients over four years, wrapped up in April 2026 without a designated successor mechanism in place.
At the same time, the Foundation has been reducing its annual spending rate.
A treasury plan announced in 2025 set a glide path toward lowering outflows from roughly 15 percent of assets per year down to a more sustainable 5 percent endowment-style baseline by 2030.
This shift aims to preserve long-term solvency after years of using treasury holdings to bootstrap the broader ecosystem.
Van Epps estimated that maintaining adequate capacity across more than ten client teams, research groups, and coordination roles requires consistent annual funding in the range of $30 million.
He noted that current and near-term sources for this level of support appear increasingly limited, based on conversations across the core development community.
Without steady resources, he warned of risks including the departure of experienced contributors who hold deep institutional knowledge, delays in tackling complex challenges such as scalability improvements and future-proofing measures, and potential impacts on the network’s track record of reliability.
The former contributor situated the warning within the Foundation’s long-standing “subtraction” philosophy.
This approach deliberately seeks to limit organizational growth inside the Foundation itself and instead encourage value creation and responsibility across the wider Ethereum ecosystem.
While intended to promote decentralization and maturity, Van Epps argued that executing this transition effectively requires proactive planning for new stewardship structures.
He referenced comments from Ethereum co-founder Vitalik Buterin, who has noted that the Foundation’s original scope—focused on early-stage software development through major upgrades—was largely completed years ago and was never designed as a permanent central authority.
Van Epps called for renewed discussion around updated social, political, and economic arrangements among stakeholders to support ongoing protocol maintenance through more scalable and neutral funding channels.
The concerns come amid reports of staff transitions at the Ethereum Foundation and broader debates about sustainable resourcing for public goods in the Ethereum ecosystem. Van Epps emphasized that underinvestment in continuity could prove costly to reverse if symptoms appear 12–18 months from now, and he urged collective attention to building durable mechanisms that match the project’s long-term goals and objectives.
Open Campus, a community-led education protocol, has launched the EDU bridge to Arbitrum. It is available for users starting today, July 24th. This is the third bridging partnership. Before this one, Open Campus had already announced the options to bridge across BNB and ETH.
$EDU is now bridged to @arbitrum!
This simplifies bridging from Arbitrum to EDU Chain mainnet, amplifying our reach and potential holders.
We're live and making moves across BNB, ETH, and now ARB.
Nothing but 💙 pic.twitter.com/vPf78Bx7u1
— Open Campus (@opencampus_xyz) July 24, 2024 Impact of Bridging Open Campus (EDU) is a decentralized educational platform. It aims to tackle the key challenges in education today. It connects learners, educators, content creators, and educational institutions. It enables new ways of collaboration and value creation with blockchain technology.
Beyond its role as a platform, it is a community. It helps with meaningful interactions and exchanges. The EDU token is the governance token for the Open Campus DAO. It is also the native gas token of the EDU Chain.
Users can now move their assets between the mainnet of EDU Chain and Arbitrum. This expands the network’s scope and the number of potential holders. Transferring tokens lets users access a pool on the Arbitrum network. This can allow them to have liquidity which reduces price volatility.
The Open Campus is limited in terms of services. However, Ethereum, BNB, and Arbitrum have far better access to DeFi apps and services. These include lending, staking, and trading protocols. That’s why bridging is beneficial.
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Open Campus spustil EDU Chain na Arbitrum Orbit jako EVM kompatibilní L3 pro vzdělávací aplikace. Síť už má přes 100 dApps ve vývoji a TVL 162 milionů USD.
Open Campus, a decentralized education initiative backed by Animoca Brands and Binance Labs, has launched EDU Chain, a layer 3 blockchain on Arbitrum Orbit, designed to power educational applications and cultivate a thriving dApp ecosystem, the team shared on Friday.
Introducing @educhain_xyz — the L3 for education.
Bringing the $5 trillion education industry and 1.4 billion students and educators worldwide onchain.
Our mainnet is now live❕
Learn how you can join the EDU Chain movement 👇 pic.twitter.com/U3Pl67TZU9
— Open Campus (@opencampus_xyz) January 17, 2025
As an EVM-compatible chain built on Orbit, the platform inherits Arbitrum One’s security and infrastructure, while also drawing on Ethereum’s security and liquidity, and operating as an independent network.
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EDU Chain features the Open Campus (OC) Achievement system (formerly Verifiable Credentials), enabling educational institutions and training centers to issue decentralized and tamper-proof academic records.
With OC Achievements, each learner has complete ownership and control over their own learning data, Yat Siu, co-founder and executive chairman of Animoca Brands, also a board member of the EDU Foundation, said in a statement to Cointelegraph.
More than 100 decentralized applications are currently being developed on EDU Chain, spanning trading, learning, gaming, and earning categories, the project stated.
The $EDU token serves as the utility token in the EDU Chain ecosystem. $EDU holders can bridge and stake their tokens on the mainnet to earn rewards, according to Open Campus. EDU Chain has allocated 150 million $EDU tokens, representing 15% of the total supply, for mainnet rewards distributed through EDULand NFTs over three years.
The debut follows a testnet campaign that saw impressive activity, with 86.2 million transactions and 358,684 active wallets. EDU Chain has achieved a total value locked (TVL) of $162 million, according to L2Beat.
To further expand its ecosystem, Open Campus is hosting a hackathon series with a $1 million prize pool and a 12-week OC Incubator program, offering mentorship, funding, and support to winning projects.
The platform also kicked off the “Yuzu: First Harvest” campaign, which enables mainnet users to earn rewards by interacting with EDU Chain dApps during the first season.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
ANPA plánuje během 24 měsíců koupit EDU tokeny v hodnotě až 50 milionů USD v rámci partnerství s Open Campus a Animoca Brands. Animoca Brands přidá EDU tokeny v hodnotě 3 milionů USD.
Open Campus and Animoca Brands partner with Nasdaq-listed ANPA for US$50 million EDU token strategy
21 November 2025
Open Campus and Animoca Brands partner with Rich Sparkle Holdings Limited (“ANPA”) (NASDAQ:ANPA), a U.S.-listed companyAs part of this collaboration, ANPA will purchase up to US$50 million worth of EDU tokens over the next 24 monthsANPA’s move marks its first major crypto acquisition, signaling strong confidence in Open Campus and its mission to transform education through blockchainAnimoca Brands will start this collaboration with a contribution of US$3 million worth of EDU tokensThe partnership will focus on pioneering institutional blockchain adoption and sustainable financing in emerging marketsOpen Campus, the community-led DAO building the blockchain-powered financial layer for education, and Animoca Brands have formed a strategic partnership with Rich Sparkle Holdings Limited (“ANPA”) (NASDAQ:ANPA). In connection with this landmark agreement, U.S.-listed ANPA will make its first major venture into crypto by purchasing up to US$50 million in EDU tokens over the next 24 months through open-market and over-the-counter (OTC) transactions. As part of this partnership, Animoca Brands will make a contribution of US$3 million of EDU tokens.
From left to right: Hevin Tam, investor relations at ANPA, Terrence Wong, managing director at First Securities (HK) Limited., Matthew Chan, chief executive officer at ANPA, Alan Lau, chief business officer at Animoca Brands, Jonah Lau, head of portfolio at Animoca Brands, and David Ching, investment director at Animoca Brands.ANPA will enter the education finance (EduFi) market and collaborate with Open Campus and Animoca Brands to build tokenization infrastructure that bridges traditional finance and Web3. By leveraging its corporate client network of over 190 publicly listed companies across Hong Kong and the United States, ANPA aims to accelerate institutional adoption of EduFi and expand real-world utility for the EDU token, which is the governance token for the Open Campus DAO and the native gas token for EDU Chain. As a provider of ESG reporting and compliance services, ANPA will also work with Open Campus to establish an ecosystem of sustainable financing in emerging markets, channeling capital toward education, inclusion, and impact-driven initiatives.
ANPA’s purchase of EDU tokens, which will be used primarily for staking, governance, and ANPA’s EduFi market entry strategy, underscores growing institutional conviction in the importance of blockchain-driven solutions for education.
Yat Siu, co-founder and executive chairman of Animoca Brands, said: "Education is the foundation of opportunity, and blockchain offers a powerful tool to enhance access and financial literacy worldwide. By advancing EduFi in partnership with ANPA and Open Campus, we are empowering learners and reshaping the future of education to be more transparent and inclusive. In the U.S. alone, the student loan market is worth $1.8 trillion and urgently needs targeted innovation and disruption—which we believe EduFi can provide.”
Matthew Chan, CEO of ANPA, said: "We see immense potential in blockchain to transform education finance into an accessible, transparent ecosystem. The partnership with Animoca Brands and Open Campus and our strategic investment in EDU tokens reflect our conviction in this vision and our commitment to supporting a next-generation Web3-powered EduFi platform."
Mohamed Ezeldin, president of Open Campus, said “For too long, education has stood in the shadows of innovation. Open Campus was built to bring learning into the same orbit of progress that has already reshaped other industries. Partnering with ANPA is a defining moment in the mission of Open Campus: not only will new capital flow into EDU token, but we are also emphasizing the conviction that education finance deserves the same ownership, transparency, and opportunity that blockchain has already brought to other sectors. We’re building the financial layer for education to finally align incentives between learners, educators, and the institutions that serve them.”
Head to the Open Campus website to learn more about the EDU token and the blockchain-powered financial layer for education that Open Campus is building.
-END-
About Rich Sparkle Holdings Limited
Rich Sparkle Holdings Limited (NASDAQ:ANPA) is a financial printing and corporate services provider which specializes in designing and printing high quality financial print materials in Hong Kong. Its service portfolio covers a myriad of deliverables, mainly including listing documents, financial reports, fund documents, circulars and announcements. The Company offers to its customers a wide range of convenient and quality financial printing services, from typesetting, proofreading, translation, design and printing. In addition, it also offered advisory services such as conducting internal control assessment and environmental, social and governance performance evaluation as well as other services including provision of co-working space at its leased office.
About Open Campus
Open Campus is a community-led DAO that is building the blockchain-powered financial layer for education. Core contributors to the Open Campus DAO include Animoca Brands, TinyTap, NewCampus, RiseIn, and HackQuest. Together, they are working with Open Campus to enhance the education system for teachers, learners, and institutions by using innovative blockchain protocols and funding initiatives. Open Campus has launched EDU Chain, a Layer 3 blockchain on Arbitrum Orbit designed for on-chain education finance (EduFi), powered by the EDU token.
About Animoca Brands
Animoca Brands Corporation Limited (ACN: 122 921 813) is a global digital assets leader building blockchain and tokenized assets to advance the future of Web3 innovation. It has received broad industry and market recognition including Fortune Crypto 40, Top 50 Blockchain Game Companies 2025, Financial Times’ High Growth Companies Asia-Pacific, and Deloitte Tech Fast. Animoca Brands is recognized for building digital asset platforms such as the Moca Network, Open Campus, and The Sandbox, as well as institutional grade assets; providing digital asset services to help Web3 companies launch and grow; and investing in frontier Web3 technology, with a portfolio of over 600 companies and altcoin assets. For more information visit www.animocabrands.com or follow on X, YouTube, Instagram, LinkedIn, Facebook, and TikTok.
PayPal navrhuje pobídky pro bitcoinové těžaře využívající nízkouhlíkovou energii, včetně nižších poplatků a dodatečné odměny v BTC pro „zelené těžaře“. Cílem je podpořit udržitelnější těžbu po čtvrtém bitcoinovém halvingu.
Post the fourth Bitcoin halving event last week, the mining rewards have reduced considerably by 50% putting a dent in miner revenues. However, payments giant PayPal has proposed a new incentive scheme for Bitcoin miners who are using low-carbon energy sources.
The goal is to make sustainable Bitcoin mining more economically attractive through this new rewards mechanism. In collaboration with Energy Web and DMG Blockchain Solutions, PayPal’s Blockchain Research Group proposed these “cryptoeconomic incentives” encouraging Bitcoin miners to use low-carbon energy sources.
PayPal believes that these experimental incentives would contribute to further discussion and innovation around Bitcoin. The proposal suggests granting “green keys” to the “green miners”, all linked to their public keys. All the Bitcoin transactions would later prioritize these miners providing lower fees and an extra locked BTC reward sent to a multisig payout address that will only be accessible to green miners.
“Green miners will be incentivized to mine these transactions since they will be the only ones eligible for the additional “locked” BTC reward,” it explained. As a result, profit-driven miners who operate with low-carbon sources will receive incentives in the form of extra BTC rewards.
Leveraging Energy Web’s “Green Proofs for Bitcoin” Platform As per PayPal’s proposed paper, the solution will leverage Energy Web’s “Green Proofs for Bitcoin” platform certifying miners based on their grid impact and clean energy source. The green miners can register to this platform by sharing their green keys, and thus participate in the incentives program.
Interestingly, PayPal BRG has successfully tested this proposed solution in partnership with Bitcoin miner, DMG Blockchain Solutions Inc. Throughout the test, it sent out numerous low-fee transactions to assess their performance across various levels of on-chain transaction activity. It noted that depending on the volume, these transactions could either face prolonged confirmation times or ultimately be discarded by the network. This scenario would heighten the likelihood of green miners processing these transactions.
Another approach here would be to involve private channels such as smart contracts or Lightning Network. However, the trade-off in this case is a more complex implementation. PayPal BRG concluded by stating:
“The solution outlined here aims to achieve a good degree of decentralization, ease of implementation and trust independence while distributing incentives.”
PayPal has been recently undertaking key initiatives in the crypto space such as releasing its PYUSD stablecoin as well as updating its NFT policy.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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Axelar navrhuje ukončit integrace Flow, Berachain a Plume, protože nepřinesly významný objem transakcí ani trvalé využití. Provoz těchto propojení podle něj stojí stovky tisíc dolarů ročně.
As part of our ongoing effort to ensure the right incentives are in place for verifiers and to direct Axelar’s resources toward the ecosystems delivering the most value, we are proposing a governance vote to discontinue three Amplifier chain integrations: Flow, Berachain, and Plume.
BackgroundCommon Prefix’s 2026 roadmap for Axelar has been centered on institutional adoption, strengthening economic security, enabling compliant and privacy-aware infrastructure, and building institutional products up the stack.
A central part of this has been strengthening economic security and improving verifier and broader ecosystem incentives, as well as focusing the network on ecosystems where real activity exists, where interoperability creates tangible value, and where security assumptions are aligned with Axelar’s long-term standards.
That direction requires a disciplined approach to network expansion: doubling down on key ecosystems we have high conviction on and that we believe are here for the long run, while winding down connections whose cost, associated security risks, and operational overhead are no longer justified.
Why These Three ChainsEvery chain connection introduces operational, economic, and security considerations. Flow, Berachain, and Plume were integrated into Axelar through the Amplifier framework and, since launch, have not generated meaningful transaction volume or sustained usage. At the same time, each one requires ongoing verifier infrastructure, which carries real operational costs and dilutes focus across the network.
The foundation has been subsidizing verifier costs across these three connections, amounting to hundreds of thousands of dollars per year. An internal review of interchain transfer activity across these integrations found effectively no sustained economic activity. While some legitimate assets had been registered on these chains, little to no transfer activity was identified across the connections.
How This Will Be ManagedThis proposal will go through Axelar’s standard governance process. Token holders will have the opportunity to review the full proposal and cast their votes within three days.
We have already been in direct communication with the teams behind all three chains ahead of this proposal going public. If this governance proposal passes, a one-week notice period will begin before the integrations are formally discontinued.
Given the lack of meaningful transfer activity across these connections, we do not expect material impact to users, asset holders, or application developers.
Next StepsWe encourage the community to carefully review this proposal and cast their vote.
Find the governance proposal here.
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Axelar spustil na mainnetu integraci Solany, která umožňuje cross-chain zprávy a převody aktiv mezi Solanou a více než 70 dalšími ekosystémy. Připojení má rozšířit multichain aplikace, likviditu i dosah pro vývojáře.
Axelar has integrated Solana. The integration is now live on mainnet, enabling cross-chain message passing and asset transfers between Solana and Axelar-supported chains, including Ethereum, XRP Ledger, Sui, Stellar, Hedera, and 70+ more ecosystems.
Following recent integrations with Stellar and Hedera, Solana is the next major ecosystem connected to Axelar’s interoperability infrastructure. The integration expands Axelar’s support across different execution environments and gives developers, asset issuers, and protocols a secure and reliable way to connect Solana with the broader multichain world.
What the Integration EnablesSolana is one of the most vibrant blockchain ecosystems in Web3, with a growing application layer across DeFi, payments, tokenization, and consumer use cases. With Solana connected through Axelar, applications can combine Solana’s speed, low transaction costs, and active application ecosystem with Axelar’s interoperability infrastructure. The result is new optionality for applications that want to reach broader liquidity, expand user access across chains, and build multichain products that connect Solana with the wider ecosystems.
Ecosystem Partners Expanding to SolanaThe Solana integration launches with day-one ecosystem use cases that demonstrate how Axelar can help bring assets and applications into the Solana ecosystem.
Stronghold is a payments infrastructure platform that enables access to both legacy and next-generation financial services, with $SHx serving as its native utility token. Through Axelar's integration with Solana, Stronghold can now extend SHx reach to Solana and gain access to a broader ecosystem of users, builders, and liquidity opportunities beyond the Stellar ecosystem.
SaucerSwap is a leading decentralized exchange on Hedera, providing trading and liquidity infrastructure optimized for efficient execution and low fees. With Axelar connecting Solana, SaucerSwap can support assets from Solana and other connected blockchains and bring them into Hedera-based trading and liquidity pools. The integration also opens a new path for $SAUCE to extend beyond its native environment into the Solana ecosystem.
How to Access Solana Through AxelarSolana is now connected to Axelar and can be accessed through:
Axelar’s new bridging interface: Users can move assets to and from Solana directly through Axelar’s interface.Squid: Users and developers can access Solana through Squid, a cross-chain routing and liquidity layer built on Axelar that enables seamless asset transfers across ecosystems.Moreover, developers can now start building cross-chain applications with Solana: Send & receive messages across chains | Interchain Token Transfers | Full documentation
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Axelar oznámil bezpečnostní incident na Secret Network, při němž bylo z IBC přemostěných aktiv odcizeno asi 4,67 milionu USD v tokenech. Podle firmy je problém omezen na smart contract na straně Secret a jádrový protokol Axelar zasažen nebyl.
Blockchain interoperability network Axelar on Friday disclosed a security incident impacting assets bridged over IBC from the Axelar chain to Secret Network, resulting in the loss of approximately $4.7 million in tokens.
We have identified an incident affecting assets bridged over IBC to Secret Network from the Axelar chain, with approximately $4.67M worth of tokens taken. Based on current information, the issue is isolated to the Secret-side ICS-20 smart contract of the Cosmos IBC connection…
— Axelar Network (@axelar) June 19, 2026
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Secret Network is a standalone blockchain designed for privacy-by-default smart contracts, where transaction data is encrypted while code remains verifiable on-chain. Through its integration with Axelar, it enables private cross-chain communication, allowing applications to support use cases like confidential DeFi trading, private NFT transactions, and anonymous governance.
Axelar said early findings suggest the issue is isolated to the Secret-side ICS-20 smart contract used in the Cosmos IBC connection between Secret and Axelar for assets transferred from Axelar to Secret.
As an immediate precaution, the Axelar emergency committee disabled the Secret and Secret-SNIP connections. The team has also contacted relevant exchanges and law enforcement authorities.
The company stated that the incident is isolated to assets on Secret bridged from Axelar and that no other IBC connections, Secret tokens, or Axelar integrations appear to be impacted. Axelar’s core protocol was not affected, according to the team.
Axelar said it is continuing its investigation and plans to release a detailed post-mortem.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
Axelar Network uvedla, že bezpečnostní incident nezasáhl její síť ani IBC protokol. Problém vznikl v upraveném třetím tokenovém kontraktu s chybou „infinite minting“.
PANews, June 20 — Cross-chain protocol Axelar Network issued a statement regarding a recent security incident, clarifying that there are misunderstandings within the community. The Axelar Network itself and the IBC protocol were not attacked or compromised, and the affected token smart contract was not developed, deployed, or maintained by Axelar Network. The exploited contract is a forked version based on the CW20-ICS20 implementation, but the developer removed two core security checks, resulting in an “infinite minting” vulnerability. By deleting the verification mechanisms originally designed to prevent such issues, the fork altered the contract’s original trust model and did not undergo a new security audit.
Axelar Network further explained that anyone can deploy contracts for cross-chain asset wrapping via IBC, and similar contracts are also used to wrap tokens from other chains onto Secret Network. This incident is not a unique logic flaw, nor is it a problem with the IBC protocol itself, but rather a security risk introduced by modifications to a third-party contract.
Binance, the world’s leading crypto exchange, on Friday made a significant announcement for the universal interoperability protocol Synapse. The crypto exchange revealed futures listing for SYN token. Traders responded immediately and the price witnessed a nearly 40% uptick in value following the listing announcement today.
Binance Unveils Synapse Futures Listing According to an official announcement by Binance today, August 16, the exchange is all set to launch the USD-Margined perpetual contract for SYN at 12:30 UTC today. Users can enjoy up to 50x leverage trading SYNUSDT.
The underlying asset Synapse is a universal interoperability protocol that enables cross-chain communication. Further, the token’s futures listing on one of the world’s leading exchanges has ignited significant optimism among market participants. High leverages encourage more market participants to invest in the asset, jacking up trading volume and market attention.
Also, the capped funding rate for the Synapse was set at +2.00% / -2.00%. However, “Based on market risk conditions, the exchange may adjust the specifications of the aforementioned futures contract from time to time,” it added in a statement. This listing chronicle has aided the token in garnering significant attention across the broader crypto market.
Simultaneously, the token’s price noted unprecedented gains today, in tandem with the listing announcement.
As CoinGape reported earlier, BANANA Price hit a weekly high following Banana Gun futures listing by Binance. Also, Banana Gun, the platform behind BANANA, initiated a massive burn to further bolster the token’s price.
SYN Price Soars Meanwhile, Synapse price has rallied over 40% after the Binance announcement. SYN price is currently trading at $0.560, with a 24-hour low and high of $0.366 and $0.500, respectively. Moreover, the trading volume saw a massive 191% increase in the last 24 hours, indicating interest among traders.
The current market sentiment orbiting the digital asset remains extremely bullish, primarily attributable to the futures listing announcement by a leading exchange.
Additionally, aiming to streamline user experience surrounding Futures API, the exchange will perform a live upgrade on WebSocket APIs for the entire day of August 21, it revealed in another announcement today.
Hyperliquid v roce 2024 zvýšil celkovou uzamčenou hodnotu na 2,1 miliardy USD a denní objem obchodů na 15 miliard USD. Uživatelská základna vzrostla z 31 000 na 300 000.
Hongji is a reporter who covers crypto, finance, and tech. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX,...
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January 7, 2025
Hyperliquid highlighted key milestones in 2024, including reaching $15 billion in daily trading volume and expanding its user base ninefold to 300,000 users.
According to a post by Hyper Foundation, the decentralized exchange attributed its rapid growth and ecosystem expansion to updates such as the HyperBFT consensus, HIP token standards, and staking features.
Hyperliquid’s Exponential Growth in 2024Hyperliquid experienced growth in 2024, with its 24-hour all-time high (ATH) trading volume climbing from $1 billion to $15 billion.
This major increase in trading activity was accompanied by growth in other metrics, highlighting Hyperliquid’s expanding market presence.
Hyperliquid started 2024 as a barely-known perp dex and ended the year as one of the largest decentralized financial hubs, processing billions in volume per day with a thriving ecosystem of builders, traders, and community members.
Thank you to everyone who came together for a… pic.twitter.com/GgmlsiW4mg
— Hyperliquid (@HyperliquidX) January 7, 2025 Open interest rose from $178 million to $4.3 billion, while total value locked (TVL) climbed from $56 million to $2.1 billion.
Additionally, the exchange’s user base expanded from 31,000 to 300,000, marking a ninefold rise.
Hyperliquid also supported 158 perpetual trading pairs and 128 native spot assets, generating over $3.5 million in daily revenue from trading fees and spot auctions.
These achievements were underpinned by the introduction of staking mechanisms and native token standards, including HIP-1 and HIP-2, which streamlined token usage across its platform.
Ecosystem Expansion Through New Features in 2024Throughout 2024, Hyperliquid launched new features and integrations that strengthened its ecosystem.
Third-party platforms, including Synapse, deBridge, and DEX Screener, bolstered interoperability and trading tools within Hyperliquid’s ecosystem.
Projects launched on Hyperliquid during the year included applications like HypurrScan, which allows users to analyze blockchain data, and HypurrFun, a platform for trading and creating meme coins.
Community-driven initiatives, such as Hyperliquid KR and HyperActive, further contributed to regional expansion and outreach efforts.
“All of this was achieved without taking any external funding and giving all trading fees to the community,” Hyper Foundation stated in its post. “Thank you to everyone who came together for a record-breaking 2024.”
Binance pozastaví 23. května 2024 ve 12:00 tureckého času vklady a výběry na síti aelf (ELF) kvůli upgradu sítě. Upgrade je očekáván přibližně v 13:00 tureckého času na bloku 212 193 783. Obchodování zůstane beze změny.
Cryptocurrency exchange Binance made an announcement today regarding an altcoin to inform its users. The cryptocurrency mentioned in the announcement is aelf (ELF). Let’s look into the details of Binance’s announcement.
In the announcement by Binance, it was stated that from 12:00 PM Turkey time on May 23, 2024, deposits and withdrawals of tokens on the aelf (ELF) network will be suspended to support the network upgrade for the best user experience.
The network upgrade is expected to occur at block height 212,193,783, approximately at 1:00 PM Turkey time on May 23, 2024.
What Details Were Provided?The leading cryptocurrency exchange Binance informed its users that trading of tokens on the mentioned network will not be affected.
Binance also emphasized that it will meet all relevant technical requirements for all users. Deposits and withdrawals for tokens on the mentioned network will reopen once the upgraded network is deemed stable. No further announcement will be made.
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.
