Track market-moving stories before they get noisy

April 2, 2025 – Willemstad, Curaçao

Overtime – an onchain sportsbook platform – has formally integrated its parent protocol, Thales, under the Overtime brand. The consolidation introduces a unified identity for the protocol and coincides with the launch of a new native token, OVER.

As part of the transition, the project has also unveiled a new primary domain and implemented full account abstraction integration to enhance the platform’s user experience.

With over four years of development, Overtime has established itself as a fully onchain sportsbook offering functionality comparable to traditional offchain platforms.

Built on the Ethereum network, the protocol emphasizes transparency, security and immutability.

Overtime’s operational history includes the following.

Over $200 million in volume Support for over 100 sports and leagues 50,000 active users More than 10,000 unique betting markets Users can access the new Overtime domain here.

A decentralized alternative to traditional sports betting Overtime distinguishes itself from traditional bookmakers by operating a fully decentralized, permissionless sportsbook platform.

Anyone can seamlessly access Overtime with a simple connection without the barriers of traditional restrictive betting limits, arbitrary bans or withheld payouts.

Since its inception, Overtime has organically become the primary driver of Thales DAO growth.

Recognizing this growth, the DAO’s community unanimously approved – via Thales Improvement Proposal 238 – the full merger of Thales DAO to the branding of Overtime.

Comprehensive onchain user experience enabled by full account abstraction With this launch, Overtime is also introducing a new concept – Overtime accounts – an onchain smart account designed to abstract wallet and EVM network complexities.

Overtime accounts use Particle Network for the seamless creation of wallets via Social Logins and Biconomy’s SDK to handle the smart-account functionalities, enabling frictionless transactions through its Paymaster, Bundler and Session Keys infrastructure.

After creating an Overtime account, users can deposit supported collateral into their designated address to access Overtime’s onchain sportsbook interface.

The platform supports features such as parlays, system bets, SGPs (same-game parlays), futures and live betting.

Transactions are executed through an account abstraction framework, removing the need for manual confirmations or the use of ETH to cover gas fees.

Overtime’s user experience has been designed to minimize blockchain-related complexities, allowing users to engage with the platform’s sportsbook features without requiring technical knowledge of underlying blockchain processes.

The interface offers a streamlined experience comparable to traditional web applications while maintaining the transparency and self-custody benefits provided by the Ethereum network.

A new Overtime UX is available here.

The new Overtime DAO token – OVER The new OVER token will have a new total supply of 69.42 million, compared to the original 100 million of the THALES token.

This means that 30.58 million THALES tokens will be burned in preparation for the migration to OVER.

All THALES token holders will be able to migrate their THALES to OVER token at a one-to-one ratio on the new Overtime.io domain.

This aligns with the new sustainable tokenomics designed to foster growth and focus it entirely on the OVER token.

The new OVER token will serve multiple utilities including the following.

OVER as betting collateral – By using OVER token as collateral on Overtime, users will enjoy improved odds (two percent better than baseline odds) compared to other collaterals. This boosts OVER token usage and aligns token holders with platform users. Buyback and burn – All fees from Overtime will flow directly towards OVER token buybacks, focusing the entire growth of the project towards the token. Burning the buybacks reinforces deflationary token dynamics. Governance token – Holding OVER grants voting power within Overtime’s decentralized governance structure. The OVER token is built using Chainlink’s CCT token standard for easy and secure cross-network bridging using Chainlink’s CCIP.

The token will be live and liquid on Optimism, Arbitrum and Base across prominent DEXs (decentralized exchanges) such as Uniswap, Velodrome and Aerodrome.

How Overtime works Overtime innovations are a testament to its industry leadership.

Onchain parlays, system bets and SGPs – With its cutting-edge smart contract technology, Overtime brings advanced sportsbook features onchain. Live betting – With the Merkle Tree-based core architecture paired with robust Chainlink oracle infrastructure, Overtime has managed to bring live betting onchain without the risks of frontrunning and toxic flow. Permissionless liquidity providing – Overtime liquidity pools allow anyone to deposit USDC, ETH and BTC collateral to gain exposure to platform performance and act as a counterparty pool against the traders. Onchain free bets infrastructure – Anyone can wrap their tokens and send them as Overtime free bets. Overtime’s open free bets solution is a cutting-edge tool for user rewards and onboarding. A global movement Overtime represents an onchain revolution – a real-life example of how a traditional industry is improved by going onchain.

It is a fair, permissionless and globally accessible powerhouse that is bound to organically dethrone all classic offchain platforms.

Unlike traditional sportsbooks that may restrict users based on performance, Overtime operates on a fully transparent and onchain infrastructure.

The platform’s design ensures that participation is governed by smart contracts, removing the ability to impose user-specific limitations.

Engagement is determined solely by the interaction between users and the underlying liquidity smart contracts.

To date, Overtime has distributed cryptocurrency-based incentives, rewards and competition payouts amounting to several million dollars in value.

Participation in Overtime’s promotional campaigns and airdrops is open to all users, subject to eligibility criteria and regional availability.

About Overtime Overtime is a fully onchain sportsbook designed for accessibility, allowing users to connect via social accounts or EVM-compatible wallets.

The platform supports multiple cryptocurrencies and provides fiat onramp options through credit card payments.

Overtime replicates the core functionalities of traditional sportsbooks while operating through decentralized infrastructure.

The protocol does not implement user bans or individualized restrictions, enabling open access to place bets and withdraw funds.

Throughout each season, users may be eligible for various forms of incentives such as cryptocurrency airdrops, free bet credits and other rewards.

Additionally, participants have the option to contribute to the platform’s liquidity pool, effectively taking on the role of liquidity providers.

Contact Overtime info

 

Posted: September 15, 2019

AirSwap reported that their development team had detected a ‘critical vulnerability’ in a recently launched AirSwap smart contract. According to a blog released on medium, AirSwap, a decentralized token-trading platform built on the Ethereum blockchain, revealed that on 12th September, the internal security review team recognized a major flaw in the mainnet of the smart contract.

The vulnerability would have allowed any hacker to perform a swap with another party without requiring their signature. It was stated that the tainted code was active in the system for less than 24 hours and only a few addresses were affected. The article stated,

“When the issue was detected, the team immediately rolled back AirSwap Instant to use the original smart contracts. Both the AirSwap Instant and Trader products are no longer affected by the vulnerability.”

The AirSwap team also carried out a few remediations after the vulnerability was reported. Dev team initiated identification of affected users and started the process of de-risking [process of protecting user asset without alerting the network]. All vulnerable components were removed from the production AirSwap UI and from all related tools.

AirSwap released a statement of apology and remarked,

“We would like to deeply apologize to our affected users for any inconvenience these vulnerabilities may have caused, and hope that the important lessons we continue to learn throughout these processes form the basis for a more open, secure, and efficient trading environment.”

Gibraltar, Gibraltar, November 29th, 2024, Chainwire

Hydration has announced the launch of its decentralized borrowing platform, the Hydration Money Market. The new platform allows users to supply cryptocurrency as collateral, earn interest on their deposits, and borrow various digital assets.

Built on the Polkadot blockchain, the platform emphasizes efficiency and innovation in the decentralized finance (DeFi) ecosystem. Hydration introduces on-chain prioritized liquidations, a mechanism designed to minimize losses and prevent exploitation during liquidation events.

The platform operates as a fork of the AAVE v3 protocol, offering over-collateralized borrowing capabilities and enabling users to explore advanced strategies, such as leveraging positions and arbitraging interest rates. These features cater to users seeking diverse, risk-adjusted financial strategies within the DeFi space.

Hydration’s launch is a step forward in its mission to democratize access to financial tools while ensuring sustainable protocol development. The project’s focus on transparency and user-centric design aligns with the broader goals of fostering a robust, decentralized financial ecosystem.

For more information, users can visit hydration.net, app.hydration.net or follow Hydration on X (formerly Twitter).

About Hydration

Hydration is a blockchain-based platform dedicated to enhancing financial accessibility and innovation through decentralized tools. By leveraging Polkadot’s scalability and interoperability, Hydration aims to empower individuals and institutions with secure, transparent, and efficient solutions for borrowing, lending, and managing digital assets.

Contact Valery Hydrator
[email protected]

The Polkadot community has engaged in discussions regarding a significant proposal aimed at diversifying its Treasury portfolio and supporting decentralized finance (DeFi) incentives within the ecosystem. In response to Referendum #1394, the proposal suggests converting 500,000 DOT from the Polkadot Treasury into Bitcoin’s tBTC within approximately one year. This conversion will be executed using Hydration’s “Rolling DCA” (Dollar Cost Averaging) mechanism. The acquired tBTCs will subsequently be added as liquidity to the Hydration Omnipool through the Threshold Network’s secure Bitcoin $60,761 bridge. The proposal is currently under forum discussion and has yet to be voted upon on-chain.

Creating a Bitcoin Reserve for the Polkadot TreasuryCentral to the proposal is the conversion of 500,000 DOT held in the Polkadot Treasury into tBTC. This process is not a one-time purchase but rather a year-long endeavor. Purchases will utilize the “Rolling DCA” feature offered by the Hydration protocol. This mechanism automates purchases in small increments over time, mitigating the impact of market volatility.

Altcoin Polkadot Bitcoin ReserveOnce the conversion is complete, the obtained tBTC assets will provide liquidity to the Hydration Omnipool. This liquidity addition utilizes a secure bridge technology developed by the Threshold Network, allowing users to bring their Bitcoin into the Polkadot ecosystem without involving third-party custodians. Proponents of the strategy argue that it will diversify Treasury assets and boost liquidity, thereby encouraging DeFi activities on the Polkadot platform.

Background and Expectations of the ProposalThe proposal emerged as a result of Referendum #1394, known as “Wish-For-Change,” which initiated debates concerning the governance of the Polkadot Treasury. A community member presenting the proposal highlighted Bitcoin’s performance as one of the strongest assets over the past decade. This provides an opportunity for Polkadot as a hedging strategy against uncertainties.

Furthermore, this move is viewed as a demonstration of the altcoin Polkadot’s belief in and support for a multi-blockchain future, presenting a clear message to the broader cryptocurrency market. The proposal holds the potential to pave the way for deeper integration of the Polkadot ecosystem with a major asset class like Bitcoin.

As discussions continue in the forum, the proposal is anticipated to be formally put to a chain vote early next week.

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.

Table of contents

MANTRA, a popular blockchain ecosystem for real-world assets (RWAs), has introduced a new product in partnership with M0, a universal stablecoin firm. In this respect, MANTRA is launching MANTRA USD, which operates as a purpose-built stablecoin dealing with tokenized RWAs.

As we head into a new year, we're excited to introduce our newest and freshest product, @mantraUSD.

Built in cooperation with @m0, here's everything you need to know about the world's first purpose-built ecosystem stablecoin for RWAs.👇 pic.twitter.com/zbvGichEru

— MANTRA | Tokenizing RWAs (@MANTRA_Chain) January 5, 2026 As per MANTRA’s official press release, the development strengthens builders to create secure, interoperable, and programmable financial products to fulfill ecosystem requirements. The project gets support from the provisional U.S. Treasuries backing the MANTRA EVM RWA network.

MANTRA USD Goes Live to Challenge $USDC and $USDT’s Dominance in Stablecoin Market MANTRA’s MANTRA USD is going live in collaboration with M0. Hence, the product intends to redefine the stablecoin market. At present, $USDT and $USDC are dominating the industry while providing yield gains to the issuers instead of the communities that back them. On the other hand, MANTRA USD challenges the respective model and redistributes rewards to network participants. Thus, it ensures that value generation benefits those who drive the adoption.

As a result, this shift underscores a fundamental reimagining of the wider stablecoin economics, breaking away from the extractive activities toward mutual incentives. Amid the growth of the stablecoin ecosystem beyond $300B, MANTRA USD emerges as a crucial part of the next-gen Stablecoin 2.0 epoch. In such an era, aligned networks thrive via equitable distribution of value.

Stablecoin Shift Redefines Value Sharing and Yields Stablecoin sector is experiencing a substantial turning point. What started as a noteworthy hedge against the rise in crypto volatility currently stands as a multi-trillion-dollar opportunity. So, it demands innovation in the method of reward sharing. The design of MANTRA USD follows this vision, providing an asset-backed, transparent model to fortify ecosystems instead of diluting them.

According to MANTRA, the new stablecoin product delivers an advanced settlement layer that lets users stake into relatively low-risk vaults for risk-free returns. At the same time, the builders and asset managers can utilize MANTRA USD in the form of an on-chain proxy in the case of off-chain yields. Ultimately, amid the expansion in adoption, MANTRA USD is poised to revolutionize how ecosystems distribute and capture value during 2026 and onwards.

AUTHOR

Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.

DUBAI, UAE and HONG KONG, Jan. 29, 2026 /PRNewswire/ — Pyse has received the required Non-Objection Certificate (NOC) from Dubai’s Virtual Assets Regulatory Authority (VARA) to distribute PYSE Green Velocity 1, a token designed to fractionalize lease-based cash flows from electric motorcycles deployed across Dubai’s last mile delivery ecosystem.

The product will be distributed in Dubai through MANTRA Finance, a licensed broker-dealer operating under VARA’s VASP regulatory regime. The launch on February 10th, 2026 will follow nearly a year of collaboration between Pyse, MANTRA Finance, and a Shariah advisor, AmanX, to structure and prepare a fully regulated and Shariah compliant offering.

Following early real estate tokenization initiatives in Dubai, this launch approval marks one of the next steps in bringing income-generating infrastructure assets into regulated virtual asset markets. It reflects Dubai’s continued progression from experimentation to real-world deployment of tokenized assets within a clear supervisory framework.

Last mile delivery sits at the heart of Dubai’s urban economy, keeping platforms like Noon and Talabat moving at full pace. Driven by strong ecommerce adoption and dense city logistics, the segment represents a multi billion dollar opportunity and plays a central role in keeping goods and services moving efficiently across the city. Electric motorcycles are a key part of this system, offering lower operating costs, faster delivery times, and improved earnings outcomes for riders and delivery operators.

PYSE Green Velocity 1 fractionalizes lease-based cash flows generated by electric motorcycles deployed across Dubai. These are revenue generating, income producing assets that support riders, delivery partners, and the broader urban mobility ecosystem. By financing electric motorcycles, the structure contributes to the electrification of last mile delivery while improving unit economics for ecosystem participants.

“The ability to structure a Dubai-based asset, as an offering distributed to investors locally, is a strong signal of the country’s future-focused approach,” said Kaustubh Padakannaya, Co-Founder of Pyse. “This product would not be possible without VARA’s clarity and willingness to engage deeply with new asset classes. And we can’t wait to get the people of Dubai to become a part of the rapidly growing 10 minute economy”

“We are incredibly excited to partner with Pyse as the first onchain tokenized asset issuance on MANTRA Finance’s VARA regulated platform.” John Patrick Mullin, CEO and Founder of MANTRA, said. “We have been working with the Pyse team since the beginning of the MANTRA RWA accelerator, and are glad to see this real world use case coming together in a safe, compliant, and novel way. This offering will be a great example of how the MANTRA Finance platform will work with its key partners to leverage onchain DeFi technology with compliance oversight.”

The product has been structured to be Shariah compliant and has been independently audited by AmanX. The Shariah compliant structure aligns the product with regional investor expectations and reinforces its positioning as a long term, asset based investment.

The issuance of the required Non-Objection Certificate (NOC) by VARA on PYSE Green Velocity 1 reflects a regulatory environment that recognizes the role of tokenization in modern capital markets and is committed to building the necessary rails responsibly.

This approval represents a starting point as Pyse engages with wealth managers, family offices, and private investors in the coming weeks as the token is open for subscription.

PYSE Green Velocity 1 is a Shariah compliant real world asset product, built for Dubai’s sustainable vision and future first financial ecosystem.

A waitlist is now open on MANTRA Finance, with limited allocation remaining for the MANTRA community and public investors. The waitlist will close ahead of the February 10th launch.

Licensing or registration with VARA does not imply endorsement or approval of any specific Virtual Asset product, offering, or service.

About MANTRA

MANTRA is a purpose-built EVM compatible Layer 1 blockchain designed for real world assets, with native support for regulatory compliance.

MANTRA holds a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA) to operate as a Virtual Asset Exchange and provide broker-dealer, management, and investment services.

www.mantrachain.io

Tanzeel Akhtar

Journalist

Tanzeel Akhtar

Part of the Team Since

Feb 2018

About Author

Tanzeel Akhtar has been reporting on cryptocurrency and blockchain technology since 2015. Her work has appeared in leading publications including The Wall Street Journal, Bloomberg, CoinDesk, Bitcoin...

Has Also Written

Last updated: 

April 17, 2024

Tranchess, a decentralized protocol specializing in risk-adjusted yield solutions for digital assets, has collaborated with StakeStone, and Scroll to launch a new yield product, Queen Stone (stoneQUEEN).

In an announcement, Tranchess, Scroll, and StakeStone said they are addressing the recent surge in demand for DeFi products and services by offering users the opportunity to explore multiple DeFi protocols.

Queen Stone will use Scroll’s zero knowledge (ZK) technology. Tranchess will provide its expertise in yield optimisation and risk management combined with StakeStone’s staking solutions offering additional avenues for yield generation

“This integration introduces a complex, layered approach to yield optimisation, providing users with multiple sources of yield through native staking rewards, Stone points, Scroll marks, and Tranchess airdrops, along with additional earnings from LP pools,” said says Danny Chong, CEO and Co-Founder of Tranchess in a press release.

“As such, Tranchess StakeStone Fund deployed on Scroll empowers investors to explore multiple yield sources across DeFi protocols, enabling them to access diverse yield generation avenues,” adds Chong.

Dencun Upgrade Sees Surge in Demand for DeFi Products According to Tranchess a month into the Dencun upgrade, the DeFi community has been watching to see how prominent L2s will deliver cheaper transactions. There has been a surge in demand for DeFi products. DeFi’s TVL surged to a record-breaking high of plus $86 billion. This indicates a growing need to make DeFi more accessible to a broader audience.

Ethereum’s much-anticipated Dencun upgrade was scheduled for a mainnet launch on March 13, following successful testnet launches in February. The upgrade marked a significant milestone in Ethereum’s evolution and had an impact on the wider market.

In January, Tranchess, announced the launch of two new staking products. The products, dubbed “staYETH” and “turYETH,” aim to provide investors with diversified options for earning yield on their staked Ether (ETH).

Back then Tranchess said there is rising institutional demand for sophisticated DeFi products and positioned staYETH and turYETH as catering to both new and existing users seeking refined solutions.

Binance announced that it has delisted the altcoins Acala Token (ACA), Tranchess (CHESS), Streamr (DATA), dForce (DF), Aavegotchi (GHST), and NKN (NKN).

02.02.2026 - 09:24

Update: 02.02.2026 - 09:24

Binance, the world’s largest cryptocurrency exchange, continues its altcoin delisting at full speed. After delisting many altcoins in January, Binance recently announced the delisting of six more altcoins.

Accordingly, Binance announced that it has delisted the altcoins Acala Token (ACA), Tranchess (CHESS), Streamr (DATA), dForce (DF), Aavegotchi (GHST), and NKN (NKN).

“At Binance, we conduct periodic reviews to ensure that every digital asset we list continues to meet high standards and industry requirements.”

….

Based on our latest assessments, we have decided to discontinue trading and delist the following token(s) in all spot trading pairs on 13.02.2026 at 03:00 (UTC):

ACA, CHESS, DATA, DF, GHST and NKN”

Following the delisting news, altcoin prices experienced significant drops.

“Spot trading pairs for these tokens will be discontinued.”

All trading orders will be automatically deleted after the transactions in the relevant trading pairs have ended.

Binance will discontinue its Trading Bot services for the aforementioned spot trading pairs on February 13, 2026 at 03:00 (UTC), where applicable.

Binance Spot Copy Trading will delist the aforementioned spot trading pairs on 06.02.2026 at 03:00 (UTC).

The value of the tokens in question will no longer be displayed in user accounts after delisting.

These tokens will not be credited to users’ accounts after 03:00 (UTC) on February 14, 2026.

Withdrawals of these tokens from Binance will no longer be supported after April 13, 2026, 03:00 (UTC). Delisted tokens can be converted to stablecoins on behalf of users after April 14, 2026, 03:00 (UTC).

*This is not investment advice.

Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!

Binance, one of the world’s leading crypto exchanges, has announced its intention to delist specific margin trading pairs involving Bitcoin (BTC). This move, slated for July 8, 2024, affects both cross and isolated margin trading pairs. Other affected cryptocurrencies include DigiByte (DGB), Alien Worlds (TLM), and Voxies (VOXEL).

Details On Latest Binance Delisting Moreover, this delisting specifically affects DGB/BTC and TLM/BTC in both categories with Bitcoin as the quote currency. Meanwhile, VOXEL/BTC pair will be removed from the isolated margin category. In a notice issued to its users, Binance specified that at 06:00 a.m. UTC on Sunday, July 7, 2024, the platform will suspend isolated margin borrowing on these isolated margin pairs.

Moreover, following this, at 06:00 (UTC) on July 8, 2024, Binance Margin will automatically close users’ positions. Thereafter, it will conduct settlements and cancel all pending orders on the affected trading pairs. Once this process is completed, these pairs will be permanently removed from margin trading on the platform.

The crucial aspect of this announcement is the role of Bitcoin as the quote currency in these pairs. In the trading world, the base currency is the first currency listed in a pair, and it is the commodity being bought or sold. The quote currency, in this case, Bitcoin, is the currency in which the base currency is priced. Hence, this means that users were trading DGB, TLM, and VOXEL, with Bitcoin as the measure of value.

This delisting decision impacts traders who prefer Bitcoin as the standard measure for their trades. It represents a significant adjustment for those who use Bitcoin’s relatively stable value as a benchmark against other, more volatile cryptocurrencies. By delisting these pairs, Binance potentially reduces the flexibility for users to trade lesser-known tokens against Bitcoin.

Also Read: Binance Labs Leads Major Funding Round For Bitcoin Wallet UniSat

Exchange’s Advise To Users For Avoiding Potential Losses Moreover, Binance advised its users to take necessary actions before the delisting process begins. The platform recommended that users close their positions and transfer their assets from Margin Wallets to Spot Wallets before the cessation of margin trading at 06:00 p.m. UTC on July 8, 2024. In addition, Binance emphasized that it would not be responsible for any potential losses incurred due to these changes, urging users to act promptly.

Despite the delisting, Binance assured users that the affected assets, DGB, TLM, and VOXEL, could still be traded on other available pairs within the Binance Margin platform. This implies that while the direct trading pairs with Bitcoin are being removed, there are still alternative avenues for trading these assets.

This move is part of Binance’s ongoing efforts to optimize its trading platform, ensuring a streamlined and efficient trading experience. The exchange continually reviews its product offerings to align with market demands and regulatory requirements. Moreover, it aims to provide the best possible service to its users worldwide. Thus, it regularly announces removal of pairs that lack in liquidity, market interest, and other factors.

Also Read: Binance Announce Delisting Of Key Crypto Pairs, Brace For Market Impact

Table of contents

Today, April 20, Voxies (VOXEL), an upcoming crypto gaming token, rose by more than 200% in the last 24 hour after an alleged glitch reported in the Bitget’s trading network. The sudden breakdown caused a tremendous increase in trading activity, spiking the VOXEL/USDT contract’s trading volume to a whopping $12.7 billion. This volume substantially exceeded Bitcoin’s trading volume ($4.76 billion) on the same network.

Bitget bot glitch: users scoop free money This unusual jump captured curiosity among crypto market participants, considering that VOXEL is a relatively little-unknown crypto gaming token with a market value less than $30 million.

According to technical crypto analyst Dylan, a faulty Bitget trading bot was the cause of this problem. The bot repeatedly settled trades in a tight price level of $0.125 and $0.138, allowing shrewd investors to generate six-figure profits using as little as $100 investment.

Market analysis shows that the malfunction enabled some traders to withdraw USDT worth tens/hundreds of thousands of US dollars within few hours.

Another user who responded to this matter was Bitget’s Chinese head Xie Jiayin. Today, he posted on X that Bitget is aware of the unusual trading behavior in the VOXEL/USDT contract trading pair. He stated that the trading platform is currently conducting internal investigations and will give out more updates promptly. The exchange further mentioned that the affected wallets may be temporarily restricted, advising customers to reach out to Biget’s online customer service for further help. He finally clarified that currently all of Bitget’s functions, including withdrawals, deposits, and trading, operate normally.

我们已留意到 VOXEL/USDT 合约交易对的异常交易行为，目前正在调查中。我们将尽快同步更具体的情况。部分用户可能被风控，如有疑问请联系App内在线客服。
⚠️ 目前 #Bitget 交易、充提等功能一切正常🩵

— 谢家印 (@xiejiayinBitget) April 20, 2025 Liquidity issues in the crypto market Multiple crypto users expressed their dissatisfaction toward this issue, with many criticizing Bitget’s internal security and technology capability. The harsh backlash came just a week after crypto investor sentiment blew following Mantra’s OM token crash on Sunday, April 13.  

Today’s Biget’s VOXEL/USDT trading slippage and Mantra’s recent token crash highlight fragmented liquidity issues within the crypto market. Without adequate solutions to such concerns, greater disastrous volatilities are set to trigger more tokens’ crashes similar to previous unexpected crises like the Terra-Luna collapse.

AUTHOR

Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.

Binance, the world’s largest crypto exchange by trading volume, has announced that 11 altcoins are facing a potential delisting.

On Monday, Binance extended its “monitoring tag” to Balancer (BAL), Cortex (CTXC), PowerPool (CVP), Convex Finance (CVX), Dock (DOCK), Kava Lend (HARD), IRISnet (IRIS), MovieBloc (MBL), Polkastarter (POLS), Status (SNT) and Sun (SUN).

[adinserter block="1"]

Binance says tokens with monitoring tags are more volatile and risky than other crypto assets. The exchange monitors and conducts “regular reviews” of tagged tokens.

Says Binance,

“Keep in mind that tokens with the Monitoring Tag are at risk of no longer meeting our listing criteria and being delisted from the platform.”

Binance users who want to trade tokens with monitoring tags have to pass quizzes every 90 days, designed to make users aware of the risks associated with the digital assets.

The exchange also removed two assets from its monitoring tag list: Enzyme (MLN) and Horizen (ZEN).

Enzyme is an on-chain asset management system that aims to enable access to digital assets and decentralized finance (DeFi) from one unified app. The project’s native token, MLN, is trading at $22.21 at time of writing and is up nearly 30% in the past 24 hours.

Horizen bills itself as a privacy-focused network of blockchains. The project’s native token, ZEN, is trading at $7.13 at time of writing. The 393rd-ranked crypto asset by market cap is up over 5% in the past 24 hours.

Generated Image: DALLE3

Allegations surfaced against Gifto’s team for secretly minting 1.2 billion tokens, doubling the supply a day after Binance announced GFT’s delisting.

Concerns over Gifto’s transparency intensified this week as market dynamics shifted abruptly following a controversial move by the project’s team. The price of Gifto (GFT) plunged 35% on Thursday, Nov. 28, following allegations that the token’s supply was abruptly doubled, just a day after Binance announced plans to delist the asset.

It was announced that Binance would delist GFT on Nov 26, 2024.

A few hours ago the Gifto team minted another 1.2B GFT on BSC which more than doubled the total supply.

GFT was then deposited to Kucoin, MEXC HTX, Bitget, Binance, OKX, & Gate.

Binance… pic.twitter.com/buvG9l88Yc

— ZachXBT (@zachxbt) November 28, 2024 In an X post, blockchain sleuth ZachXBT revealed that the Gifto team quietly minted 1.2 billion in new GFT tokens on BNB Chain (formerly Binance Smart Chain), increasing the total supply to over 2.2 billion. The newly minted tokens were subsequently deposited on multiple exchanges, including KuCoin, OKX, Gate.io, and Binance itself, as well as MEXC, HTX, and Bitget.

As of press time, Gifto had not issued a public statement, with its most recent X post dated Nov. 24, two days before Binance announced GFT’s delisting. In a press release, Binance said that GFT and four other tokens would be delisted by Dec. 10 due to concerns over development activity, liquidity, and project commitment.

Founded in 2017 by Andy Tian, Gifto is a blockchain protocol focused on digital gifting and content monetization. In January 2023, the decentralized cross-chain IDO platform Poolz invested $2.5 million in Gifto tokens to back its updated roadmap. A month later, reports emerged that Tian had passed away suddenly at the age of 47. The project’s official X account remained silent on the matter, leaving questions about leadership and the project’s future unresolved.

Fairwin, a gambling platform, has been running one of the biggest contracts on the entire Ethereum network. In the last 30 days, the platform has spent more than 51 percent of all gas, the fuel that powers Ethereum, according to ETH Gas Station. That’s almost double the funds spent by the stablecoin network Tether, which has used 28 percent of gas supplies. 

Fairwin claims it’s a provably-fair gambling platform. Users bet on rudimentary games of chance, like coin flips and dice rolling. When you gamble, four percent of your funds go towards “ecological construction,” which Fairwin says will be returned to the investors. But many security researchers think the whole thing is a scam. Over the past few weeks, white hat hackers have revealed vulnerabilities in the Fairwin contract on Ethereum that put millions of dollars of customer funds at risk. According to analysis by Ethereum developer Philippe Castonguay, Fairwin received a total of 687,598 ETH, or around $125,000,000. But as of Monday this week, all the funds have been drained from the contract. 

It’s unclear whether this is a massive exit scam, or if the white hatters were successful in raising awareness about the scam and spooked investors have pulled all their cash out. A message on Fairwin’s website said it “expressed strong condemnation” for “false news reports,” and that it’s restarting the game within the next three days. Daniel Luca, a security auditor who helped discover the vulnerabilities, said the owner managed to remove most of the funds before investors could withdraw. But it was “impossible for everyone to withdraw their funds. Some people got burned,” he told Decrypt.

White hat hackers caught wind of the project earlier this month and have been working on it since. A vulnerability disclosure by Clément Lesaege, a CTO at blockchain start-up Kleros who got wise to the project through an Ethereum security Telegram chat, showed that the contract is unsustainable; the more money that people keep adding to it, the higher the dividends to be paid out. But here’s the problem: Once new people stop putting money in it, the contract won’t be able to pay participants, and everyone will eventually lose everything. That’s right; September’s hottest app on the Ethereum blockchain, according to many, looks and smells like a Ponzi scheme. Here’s how it works. 

A few days ago, white hat hackers found a vulnerability that allows the contract operators to drain users’ wallets of funds. As Lesaege wrote: “The execution of the reward, dividends, and sending of awards can only be done by the operator. The operator can choose which users get rewarded. The operator can steal the funds from the contract by not executing the rewards of other users but executing the rewards of accounts they control.”

Lesaege said the contract also runs something called a “frontrunner” attack. Under Fairwin’s dodgy contract, investing in the scheme generates a code as part of a referral program. But Fairwin’s payouts always go to the first person who redeems the code. An attacker, having conned a victim into joining, can according to Lesaege, easily work out their invite code: “An attacker can see your "invite code" when your transaction is in the mempool before it gets executed and "invest" in the scheme with the same "invite code" as you,” wrote Lesaege, netting any rewards from their victims’ investments.

That means that all the funds in the contract were at risk. White hatters spent the last few days trying to spread the word about Fairwin to its customers, many of whom they believe live in Asia. But, for better or worse, the swamp has been drained: ten days ago, the contract held $10 million at once. Now, zilch. 

How Fairwin is Unfair

Fairwin first started work on a gambling platform back in January 2018. But in December, the team tweeted—in perfect English—that they didn’t raise enough money for the ICO, and had since abandoned the project. But in July 2019, despite no announcement on any of Fairwin’s social media channels, a Fairwin clone launched a new contract to haunt the Ethereum network. Since then, the contract has grown to peaks of $10.5 million. 

It’s nigh impossible to work out who runs it. Emails from Decrypt bounced back, Fairwin’s Twitter shut down a year ago, its London office is now a coffee shop, and a couple of days ago, Fairwin’s team members were compressed stock images of businessmen. Now...cartoon puppets. 

There’s reason to believe it isn’t the original Fairwin team. For starters, Fairwin’s whitepaper is a Google-translated mess. “Chain of the underlying technology of FW based on Ethernet fang,” reads one section. “Based on the block chain technology, FW will achieve the global gambling industry circulation, break the data island, and digitalize the global asset circulation,” reads a section titled “Ecology Construction.” 

Fairwin’s promotional videos are narrated by computer-generated voices. But no human voice, computationally generated or no, can make sentences like “The platform again realized excess accumulation” sound natural. (The videos, though, are amazing: seriously, watch them). 

The code, too, is similarly incomprehensible. According to experts, it’s full of useless rubbish, and much of it doesn’t even work. “This contract is the contract with the lowest code quality I've ever seen (and I've seen really bad contracts),” said Lesaege. He said there were no comments on the code–a feature common in codebases–the names are full of typos, entire portions are of the code aren’t accessible, and a lot of it simply doesn’t work. 

Harry Denley, a security researcher who created a dashboard that queries Fairwin data, told Decrypt he discovered that the six admin addresses needed huge amounts of capital to keep calling contract methods. The reason? Because the contract is “poorly written,” these method calls can cost upwards of $30. “And these calls are being done multiple times a day,” he said.

So the question remains unanswered: Was Fairwin created by evil geniuses, who’ve corrupted and robbed from over half of the Ethereum blockchain. Or is Fairwin the result of a Ponzi scheme, poorly coded, and fronted by cut-price actors in blockchain’s latest get-rich-quick scheme? 

“The simplest and most likely explanation is that it was just badly coded,” wrote Lesaege. Lesaege said he first disclosed the vulnerability to the Fairwin team on Saturday. “Since FairWin had had some vulnerability in the past but fixed it, I thought that they would not try to hack their own contract,” he told Decrypt. But Fairwin denied the vulnerability, and money kept flowing into the contract. Lesaege said he received the following message from Fairwin: “We have already found the vulnerability, but we don't think it is a vulnerability. The contract is judged and the invitation code generated by the user for the first time will be used as the final invitation code. So the loophole is invalid.” A message on their site today said that the game will be restarted, and vehemently denies allegations of scams. “They might not be intentional, but they can still drain the contract at any time,” said Daniel Luca, a security auditor who helped discover the vulnerabilities. 

Over the past week, top security experts have been raising awareness to get FairWin shut down, or at least to help users take control of their funds. “Avoid interacting with this contract and withdraw funds in it, if any,” advised Philippe Castonguay, who also took part in the discovery. “All users funds are at risk, especially newly deposited funds,” he told Decrypt. The awareness campaign is working; in the last 24 hours, FairWin has lost all of its volume, major blockchain explorers like Etherscan have flagged it as vulnerable, and no funds remain in its wallet. Is it a White Hatter Victory, or Ethereum’s latest exit scam?

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

Ahmed Barakat

Author

Ahmed Barakat

Part of the Team Since

Aug 2025

About Author

Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.

Has Also Written

Fact Checked by

CryptoNews Editorial Team

Author

CryptoNews Editorial Team

Part of the Team Since

Sep 2018

About Author

The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for...

Has Also Written

Last updated: 

June 22, 2026

A tax proposal posted to the Ethereum Research forum by Kleros founder Clément Lesaege would let ETH validators vote to redirect up to 10% of staking rewards to public goods funding. If a majority of validators signal above zero, that rate becomes mandatory for every validator on the network, including those who voted for none.

For Bitmine (BMNR), which has staked 4.72 million ETH through its MAVAN platform and projects $258 million in annual net staking revenue, the exposure range is $50–100 million in lost income per year.

Ethereum Validators Face 10% Staking Reward Redirect Plan for Ecosystem Funding

A new proposal on Ethereum's $ETH research forum wants validators to redirect up to 10% of their staking rewards toward ecosystem funding. If a majority signals support, the contribution becomes… pic.twitter.com/16PgRfEBd5

— BSCN (@BSCNews) June 22, 2026 That figure is not speculative padding. It represents the direct arithmetic of applying a forced yield reduction to the single largest ETH staking position held by any public company. The proposal is still a forum post, not an EIP. That distinction matters – but so does the direction of travel.

Discover: The Best Token Presales

The ETH Validator Redirected Revenue Tax ProposalLesaege’s post, titled “Validator Redirected Revenue,” frames the mechanism as a solution to a coordination failure. According to his ETH tax proposal, Ethereum’s shared infrastructure generates value for everyone but is funded by no one in a structured, protocol-level way.

His proposed fix is a signaling system embedded in the consensus layer. Each validator declares a preferred redirect rate between 0% and 10% of their staking rewards. If more than 50% of total staked ETH signals are above zero, a single rate is selected and applied universally.

Ethereum ResearchNow, a validator that voted for 0% redirection does not retain its full yield if the majority crosses the threshold, as it gets swept into the mandatory rate alongside everyone else. Funds flow automatically to an allocation smart contract, with a splitter routing capital to designated recipients such as Gitcoin, Octant, and audit organizations.

Lesaege explicitly described the post as a conversation-starter: “We seek further feedback before working on a technical implementation to put forth as an Ethereum Improvement Proposal.” As of now, no EIP number has been assigned.

A parallel mechanism called Validator Revenue Redistribution (VRR), presented by Ethereum Foundation researcher Devansh Mehta at EthCC, provides the technical plumbing layer. Mehta described the threshold dynamically, “If 51% put their flag up, all 100% of stakers have to part with a portion of their rewards.”

Photo by Morthy Jameson on PexelsDiscover: The Best Crypto to Diversify Your Portfolio

Bitmine’s MAVAN Platform: The $258M Revenue Thesis Exposed to Protocol GovernanceBitmine’s May 8-K reported 4,718,677 ETH staked via MAVAN, or 87% of its 5.42 million ETH total holdings and 4.49% of total ETH supply. The 7-day annualized yield at that date was 2.73%, against a CESR benchmark of 2.81–2.84%. At full deployment, Bitmine projects $296 million in gross staking rewards and $258 million in net staking revenues annually.

Photo by Brett Sayles on PexelsThe math for a protocol-level redirect is straightforward. Each 1 percentage point reduction in effective annual yield on 4.72 million ETH costs approximately $94 million per year in gross rewards at an ETH price around $2,000.

However, a 10% redirect of the current 2.73% yield diverts 0.27 percentage points, translating to $25 million per year flowing away from BMNR’s validators. At this rate alone, the direct hit is meaningful but not existential.

The $50–100 million exposure range reflects a wider scenario set. If the mandatory redirect rate compounds with any secondary compression in overall validator economics like reduced participation incentives, institutional validators exiting to restaking or L2 yield strategies, or ETH price movement, the effective yield impact on 4.72 million ETH staked.

Staking revenue is not a secondary income line for Bitmine. It constituted more than 93% of quarterly revenue in Q2 FY2026, and the company declared a $0.01 annual dividend in January 2026. Bitmine is the first large-cap crypto company to do so, funded directly by staking income.

A material yield cut would pressure that commitment in a way that no operational decision by management can offset. The ETH validator tax is not a cost Bitmine can engineer around; it is a protocol-level deduction from the asset class itself.

Discover: The Best Token Presales

The bank’s 60 million customers can now buy BTC and ETH through the firm’s Ion app.

The largest banking institution in Latin America has opened the doors for all of its clients to get exposure to Bitcoin and Ethereum.

Itaú Unibanco, Brazil’s largest bank by assets under management, is now offering BTC and ETH trading to its more than 60 million clients. Users can access both tokens through the company’s Ion app.

In December 2023, Itaú launched the cryptocurrency trading platform for select clients. According to the firm’s Head of Digital Assets, Guto Antunes, the bank decided to expand its operations due to weekly surveys showing high demand for crypto services.

Although the company is only offering the two largest assets by market capitalization, the idea is to add support for other tokens in the future. "It starts with bitcoin, but our overarching strategic plan is to expand to other crypto assets in the future," Antunes said last year.

Institutions in Brazil have been relentlessly pushing the envelope when it comes to crypto services in the country. Alongside Itaú’s crypto trading platform unveiled last year, Brazilian neobank Nubank partnered with Circle to offer USDC access to the company’s 80 million customers.

Latin America is quietly becoming a regional powerhouse in terms of crypto adoption. Recently, a grassroots Argentinean organization called Crecimiento revealed plans to create a Crypto Silicon Valley in Buenos Aires. Across the Andes, Chile has been paving the way for friendlier regulation in terms of fintech companies, with the country approving a new financial technologies law in 2023.

And the region is one that desperately needs more financial inclusion. It is home to more than 650 million people, of which 122 million are unbanked, while citizens of several nations grapple with double and triple-digit inflation.

An official from the International Monetary Fund (IMF) has confirmed that El Salvador is complying with an agreement to back away from using Bitcoin (BTC) as a reserve asset.

In a new press briefing, the IMF addresses a question from financial software company Ion Group asking how El Salvador is still accumulating BTC despite agreeing to stop making any more purchases as part of a loan agreement.

[adinserter block="1"]

El Salvador President Nayib Bukele pushed back against those conditions earlier this year, saying,

“’This all stops in April.’ ‘This all stops in June.’ ‘This all stops in December.’

No, it’s not stopping.

If it didn’t stop when the world ostracized us and most ‘Bitcoiners’ abandoned us, it won’t stop now, and it won’t stop in the future.

Proof of work > proof of whining.”

Data from the blockchain “de-anonymizer” Arkham shows that the El Salvador government has been acquiring one BTC every single day for some time.

But Rodrigo Valdes, the director of the IMF’s Western Hemisphere Department, says that despite these purchases, the country is still working within its “performance criteria” set forth by the IMF.

“In terms of El Salvador, let me say that I can confirm that they continue to comply with their commitment of non-accumulation of bitcoin by the overall fiscal sector, which is the performance criteria that we have. But on top of that, I think this is very important for the discussion in El Salvador.

The program of El Salvador is not about bitcoin. It’s much more, much deeper in structural reforms, in terms of governance, in terms of transparency. There is a lot of progress there. And also, on fiscal. And authorities have been making a lot of progress implementing the reform.”

[PRESS RELEASE – New York, NY, March 20th, 2024]

Oraichain, an innovator in the integration of artificial intelligence with blockchain technology, has announced the highly anticipated Beta launch of its OraiBTC Subnet on March 19.

The development marks the first time Bitcoin (BTC) will be integrated into the Oraichain ecosystem, offering a decentralized bridge for seamless BTC deposits and withdrawals.

The Subnet is designed to facilitate the easy transfer of Bitcoin into and out of the Oraichain network, with users able to directly swap the asset for ORAI tokens and bridge BTC between the Oraichain and Bitcoin networks in both directions. In the future, it will also enable the transfer of BTC via IBC to many protocols throughout the Cosmos Ecosystem.

An emphasis has been placed on ease of use, with the aforementioned functionalities made accessible via the OraiDEX website and OWallet browser. The integration will empower developers to build faster and more powerful dApp experiences, particularly for holders of the world’s best-known and most valuable cryptocurrency.

The OraiBTC Subnet Beta launch provides an opportunity for users to actively participate in refining the platform’s features ahead of its full public release. In appreciation of their involvement, participants may also receive a special surprise, adding an extra element of excitement to the launch.

Built on the robust foundation of Nomic’s design, OraiBTC leverages advanced Bitcoin features such as Taproot and Schnorr signatures, as well as a dedicated validator set, all of which ensures the utmost safety and integrity of bridged assets.

The launch is a major step in Oraichain’s mission to become the go-to Layer-1 platform for AI-powered decentralized applications (dApps). By bringing Bitcoin into the Oraichain toolkit, the platform significantly expands the addressable market for AI dApp builders and offers greater versatility and potential for innovation.

The introduction of OraiBTC is a key component of Oraichain’s Mainnet 3.0 upgrade, which has implemented major changes to enhance speed and interoperability. Oraichain has recently reduced its block time to approximately 1 second, positioning it as one of the fastest networks in the Cosmos ecosystem and beyond.

The Oraichain team is currently focused on expanding its ecosystem, including through the development of GPU Staking. In addition to making significant investments in GPUs to support the AI applications running on the Oraichain mainnet, the Oraichain Foundation envisions GPU Staking as a novel approach to ensure that the value generated from increasing AI service demands directly benefits holders of ORAI tokens.

About Oraichain Oraichain is a permissionless Layer 1 for AI-powered dApps, developed to provide multidimensional Trustworthy Proofs of AI and data reliability. With its AI Oracle at the core, Oraichain is designed to provide a decentralized system for the delivery of AI-generated data to smart contracts, maximizing transparency for developers and consumers.

Website | X | Telegram | Discord | GitHub | Blog | Coinmarketcap | Coingecko

Update (Jan 29, 10:30 a.m. UTC): This article has been updated to correct the name of the plaintiff.

The co-founder and board of crypto infrastructure platform Cere Network are facing a $100 million lawsuit that alleges a pump-and-dump scheme tied to the project’s 2021 token launch.

In a lawsuit filed in a San Francisco federal court on Tuesday, Vivian Liu, who said she worked for and invested in the company, claimed Cere co-founder Fred Jin, his brother, his wife, and the company’s board stole $41 million from investors.

According to the lawsuit, Jin promised ahead of a public token launch for the platform in November 2021 that he and early Cere investors could not sell their tokens and that they would be unlocked months later.

“While certain employees and investors had their Cere Tokens ‘locked’ under the vesting schedule, Jin and his accomplices secretly sold over $41 million in Cere Tokens on various crypto exchanges and transferred these funds into their personal wallets immediately after the tokens went ‘live,’” the complaint alleged.

A highlighted excerpt of Vivian Liu’s complaint accusing Cere co-founder Fred Jin of fraud. Source: PACER

The complaint is the second lawsuit against Cere Network this month, after Cere co-founder Ken Wang sued Jin and the board on behalf of the company in Delaware on Jan. 13, similarly alleging fraud.

Cointelegraph contacted Cere Network and Jin for comment.

Latest complaint seeks $100 million in damagesLiu’s lawsuit accused Jin of stealing investor funds “originally slated for Cere Network’s operations” and moving the money into shell companies and accounts he and his alleged accomplices controlled while gambling millions of dollars in “risky crypto trades.”

She also claimed that Jin worked with Gotbit, a market maker convicted of fraud and market manipulation in June, to use “sophisticated internet ‘bots’” that boosted the token’s trading volumes “to conceal the fraud.”

Liu argued to the court that she was entitled to $100 million in damages, “commensurate with the sheer scale and size of the fraud.”

Cere co-founder Ken Wang claims $58 million misappropriatedEarlier in January, Cere co-founder Wang accused Jin in Delaware's Court of Chancery of a scheme to “systematically misappropriate over $58 million” of the company’s corporate assets.

Wang claimed Jin concealed the scheme “through fraudulent accounting, sham entities, and cryptocurrency ‘wash trading’” and accused Jin of causing “approximately $41.78 million worth of Cere Tokens” to be transferred from the company’s treasury to personal accounts on crypto exchanges HTX and KuCoin.

He also accused Jin of giving “grossly falsified financial statements to shareholders and advisors” and understating fundraising amounts by over $21 million.

The Cere Network (CERE) token is currently trading for a fraction of a cent, down 99.9% from its peak of 47 cents in November 2021, according to CoinGecko.

Magazine: Getting scammed for 100 Bitcoin led Sunny Lu to create VeChain

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Coinbase, the leading cryptocurrency exchange, has added two new assets to its roadmap today. The newly listed assets are Solana ecosystem’s Shadow Token (SHDW) and Neon EVM (NEON), both of which are SLP tokens. Moreover, the SHDW and NEON prices skyrocketed after the latest announcement.

Coinbase Lists Shadow & Neon Shadow Token is described as the utility token powering the Shadow dePIN ecosystem. Furthermore, it aims to revolutionize the way transactions are conducted within its ecosystem. On the other hand, Neon EVM is a smart contract operating on the Solana blockchain, offering innovative solutions within the decentralized finance (DeFi) space.

Following the announcement of their addition to Coinbase’s roadmap, both SHDW and NEON experienced a remarkable surge in their prices. This reflects the market’s enthusiasm for these new listings, especially amid the Solana community.

In a recent blog post, Coinbase reaffirmed its commitment to expanding its asset offerings while maintaining rigorous standards for legal, compliance, and technical security. The exchange emphasized that its evaluation criteria do not consider factors such as market capitalization or project popularity. Instead, Coinbase focuses on ensuring that listed assets meet stringent requirements to safeguard users’ funds and uphold the integrity of its platform.

However, Coinbase also noted that not all projects meet its standards. This indicates that there are assets that have been excluded from listing at this time due to regulatory concerns or other reasons. Hence, the addition of SHDW and NEON to Coinbase’s roadmap represents a significant milestone for both projects, providing them with increased exposure and credibility within the cryptocurrency ecosystem.

Also Read: Coinbase To Store Users’ USDC Balances On Base Network

Shadow & Neon Price Rally The Shadow Token price propelled toward a new all-time high after the Coinbase announcement. As of writing, the Shadow price skyrocketed by 55.39% to $2.26 on Wednesday, March 27. In addition, its market cap surged to $362.25 million. Moreover, the SHDW 24-hour trade volume spiked by a whopping 1241.52% to $21.41 million.

Whilst, the Solana ecosystem’s Neon crypto price surged 21.94% to $1.78 today. Furthermore, the crypto’s market valuation soared to $102.92 million. Additionally, the trading volume for Neon jumped by a staggering 638.25% to $35.54 million in the past 24 hours. However, the peak of $1.79 attained during the rally was still 53.62% short of its all-time high of $3.86.

Also Read: Bitcoin Exchange Supply Hits All-Time Low With 58K BTC Pulled Out Of Coinbase

Curve founder Michael Egorov has deposited 68 million CRV tokens ($35 million) to settle his entire debt position on DeFi lending platform Aave, according to blockchain analytics firm Lookonchain.

After depositing CRV, Egorov converted 10.77 million crvUSD to tether USDT$0.9988 to repay all of the debt on Aave.

CRV is currently trading at 53 cents having risen by 3.48% in the past 24-hours, according to CoinDesk data.

In August, Egorov raised $42 million through over-the-counter (OTC) sales of CRV tokens to pay off $80 million of on-chain debt, this came after a market-wide tumble in asset prices which put Egorov's CRV positions on DeFi lenders dangerously close to liquidation.

In the event of liquidation, Aave would have had to sell the CRV put up as collateral to the open market, which would have had a cascading effect due to a lack of liquidity.

Now, Egorov has 253.67 million CRV tokens ($132.52 million) in collateral and $42 million in debt across four DeFi lenders, according to Debank.

Decentralized non-custodial lending and borrowing protocol Aave is voting to onboard PayPal's PYUSD stablecoin issued by Paxos Trust Company.

In an ongoing governance vote, 99.98% of the participating AAVE token holders favor integrating PYUSD into AAVE's Ethereum-based pool. The voting on the proposal, termed temperature check, floated by Trident Digital on Dec. 18, will end later Thursday. The vote follows decentralized exchange Curve's December decision to host PYUSD.

PYUSD, the dollar-pegged stablecoin, came into existence in August and now has a market capitalization of $289 million, or 0.3% of industry leader tether’s $94 billion.

Aave is a decentralized finance protocol enabling users to lend and borrow funds without an intermediary. Per DappRadar, AAVE is the world's third-largest DeFi solution, with nearly $5 billion worth of crypto assets locked into the protocol.

Majority of the participating AAVE token holders favor PYUSD integration. (Aave)Trident’s proposal says that AAVE's integration of PYUSD will help build synergies with PayPal's stablecoin and strengthen the relationship between PYUSD and AAVE's decentralized multi-collateral stablecoin GHO.

Trident, which is incentivizing the PYUSD/USDC liquidity pool on Curve, will contribute $5 million to $10 million in liquidity for PYUSD on AAVE from day one, the firm said in the governance proposal chat.

"The idea is to keep yields quite high on Curve. This will create organic borrowing demand for PYUSD on AAVE. So while we don’t intend to provide direct incentives on AAVE we believe our overall incentive strategy will allow for borrowing demand on day 1," Trident said.

12345678910

Mantra teamed up with agri-tech leader Dimitra in a bid to bring scalable blockchain solutions to global agricultural and sustainability projects — marking yet another move in the project’s push to regain investor trust after the recent fallout.

According to an announcement shared with crypto.news, Dimitra, a global leader in agri-tech and sustainability solutions leveraging blockchain and AI, has partnered with Mantra (OM), a regulated layer-1 blockchain purpose-built for RWA tokenization. The collaboration connects agricultural projects with investors that are after transparent, asset-backed investment opportunities, utilizing MANTRA’s regulation-ready blockchain.

Phase one will focus on cacao production in the Amazon region of Brazil and a forest conservation project in Mexico. The Mexico project alone is expected to generate approximately 1 million traceable carbon credits over the next 10 years. Dimitra’s proprietary carbon monitoring tools will ensure transparency and verification of these credits, making them easier to trade and invest in.

“These two projects are just the beginning. When we demonstrate how real-world asset tokenization facilitates project financing, both can be scaled significantly,” said Jon Trask, CEO of Dimitra Incorporated. “In Mexico, for example, we’re starting with 19,000 hectares expected to generate 1 million carbon credits and over $15 million in revenue over the next decade. But the potential is much greater — the Fundación Álica manages over 300,000 hectares, and we’re ready to expand.”

The partnership with Dimitra marks another significant milestone in Mantra’s recovery following the recent fallout, where OM price crashed from $6.26 to an intraday low of $0.42, causing a major loss of trust in the RWA tokenization blockchain.

It comes on the heels of another major collaboration, where blockchain analytics platform Nansen joined as a validator on the MANTRA Chain, lending institutional credibility to the project. At the same time, MANTRA is still pushing forward with its token burn initiative aimed at winning back community trust.

However, OM price continues to trade within a tight range between $0.37 and $0.42, having recently attempted a breakout but failing to gain momentum.

Source: TradingView

PANews reported on April 5th that Drift released an updated investigation into the attack, indicating that the operation was carried out by the same threat actors as the Radiant Capital hack in October 2024, with highly similar on-chain fund flows and operational methods. Mandiant attributed the Radiant Capital hack to UNC4736, an organization linked to the North Korean government.

Furthermore, this attack was meticulously planned over six months. Starting in the fall of 2025, a group posing as a "quantitative trading company" proactively contacted Drift contributors at multiple international crypto conferences. They established a Telegram group and engaged in in-depth business discussions and strategy exchanges for six months, even launching an Ecosystem Vault on Drift with $1 million in real funds. After multiple face-to-face meetings to build trust, they shared links and tools, ultimately seemingly completing the intrusion through a malicious code repository and a beta wallet app (TestFlight). Following the attack, all related chat logs and malware were thoroughly removed.

The investigation is ongoing, and these findings are preliminary. All remaining protocol functionality has been frozen, and the compromised wallet has been removed from multi-signature authentication. The attacker's wallet has been flagged by exchanges and cross-chain bridge operators.

Previous reports indicated that Drift suffered losses exceeding $285 million in the attack.

Umami DAO has rebranded as Bonsai DAO.The rebrand is part of a larger transformation that includes the eventual launch of "subDAOs."Bonsai is trying to repair its reputation, which took a hit in February 2023.An Arbitrum-based protocol is embarking on a MakerDAO-style transformation more than a year after it weathered a crisis from which it never fully recovered.

The digital cooperative formerly known as Umami DAO has rebranded as Bonsai, a “meta DAO” that will house several, smaller cooperatives, or “subDAOs,” each of which will manage a separate blockchain-based financial product.

The move echoes a recent push from MakerDAO, whose own yearlong transformation, known as “Endgame”, includes the creation of subDAOs.

Each subDAO will eventually launch its own token, according to Bonsai.

Among other things, the strategy will test whether the promise of successive airdrops can boost a long-running protocol long after a flurry of negative headlines.

Umami’s governance token has jumped 11% since the April 24 rebrand.

“It hasn’t exactly been smooth sailing for Umami,” developers behind the project said in an April 2 blog post announcing the changes.

“It is our firm belief that Umami’s token is severely undervalued, and that significant change is required to shift the narrative and regrow the passion and excitement around our amazing community.”

Near collapseIn February 2023, Umami, a protocol-and-LLC combo attempting to link institutional investors and the world of decentralised finance, almost came apart.

The company, Umami Labs, paused the protocol’s staking rewards, angering users. Employees resigned en masse, pledging to continue contributing to the project as Umami DAO contractors.

The UMAMI token crashed: At the end of January 2023, it was trading above $35, but by mid-February, it was worth less than $10.

The DAO, run by people who held the UMAMI token, voted to hire Umami Labs’ former employees as contractors who answer to the DAO. They included all former employees except for the Umami Labs CEO, former Reuters journalist Alex O’Donnell.

In a statement after the vote, Umami Labs’ former employees said O’Donnell “was moving the company in a direction that the entire team unanimously agreed was not in keeping with the expectations or best interests of the UMAMI token holder community.”

Umami Labs took “legal action” against “several of these individuals” for defamation and civil conspiracy, O’Donnell told DL News, adding that he was not speaking on behalf of Umami Labs, but in his personal capacity.

“These claims and other similar ones from this group of individuals are dishonest and directly contrary to the facts,” O’Donnell said.

Pausing staking rewards last year was a “compliance-minded” decision that would “serve the long term interests of the protocol,” according to O’Donnell. Additionally, the former Umami Labs employees were among those who held UMAMI tokens, and they “essentially voted to hire themselves,” he said.

Separately, the former CEO said personally sued two of his former colleagues and “prevailed on a primary matter in a November court ruling.” He expects a final ruling next week.

“With respect to ‘Bonsai DAO’, I find it curious and concerning that this group of individuals is evidently seeking to further obfuscate Umami’s legal-entity structure with a highly-relevant court ruling only a week away,” he said.

Bonsai DAO contributors did not immediately return DL News’ request for comment.

The Umami DAO has soldered along since, restarting staking rewards and releasing new “set-and-forget” vaults that have generated some of the best returns on Ether this calendar year.

But the UMAMI token has steadily fallen since July, and was trading at $3.70 before the announcement of the rebrand. While growing in dollar terms because of the appreciation of Ether, deposits in the protocol have been flat since March 2023, according to data from DefiLlama.

Hello! This chart will be available in a few moments

Since March 2023, deposits in Umami have grown due to Ether appreciation, frustrating its developers. Trying to boost adoptionOn Discord, Umami developers say they have taken some cues from other protocols that feature subDAOs, including Maker, Aladdin, and Magpie.

The rebrand was prompted by frustration that a product generating a relatively high yield for users hadn’t attracted more deposits.

“We launched a great vault product, it has hit $10m TVL and still the token hasn’t moved from $4,” the project’s pseudonymous head of community management said on Discord, using the acronym for total value locked.

“So we might as well try something new, the 10% APR a year at this price should be nothing in comparison to like 3-4 or more airdrops of new products on new chains.”

In a bid to boost adoption of its new governance token, BONSAI, the DAO is letting users convert their UMAMI tokens to BONSAI at a 1:10 ratio.

Under its new structure, so-called “leaves” are DeFi applications that will eventually be run by their own subDAOs.

“Once independent, they have a [token generation event] and reward $Bonsai holders and initial users by airdropping a significant portion of their tokens,” Bonsai said on X.

Umami will be an exception, and is not expected to evolve into a subDAO, developers said.

Update, May 1: This story was updated to include comments from Alex O’Donnell and DL News’ attempt to contact Bonsai DAO contributors.

Aleks Gilbert is a DeFi correspondent based in New York. Have a tip? You can reach him at [email protected].

Aleph.im, a leader in decentralized infrastructure, has rebranded as Aleph Cloud and is launching a new startup accelerator program.

Aleph.im’s rebrand as Aleph Cloud signifies its transformation into a full-stack decentralized cloud provider, as confirmed in an exclusive interview with crypto.news. Announced on April 23, the rebrand reflects the company’s expanded product suite, including decentralized compute, storage, virtual machines, and GPU resources, all designed to power next-generation Web3 and AI applications.

Alongside the rebrand, Aleph Cloud is introducing a $1 million startup accelerator program to help Web3 builders and startups transition away from centralized cloud providers like AWS and Google Cloud, which dominate much of today’s blockchain infrastructure.

The program offers compute credits, storage, and technical support across ecosystems such as Ethereum, Base, Solana, BSC, and Avalanche.

“Most blockchain apps still rely on centralized cloud services, which puts decentralization at risk,” Jonathan Schemoul, CEO of Aleph Cloud, said in a press release. “Our rebrand and accelerator program are designed to help teams move off AWS and toward infrastructure that’s censorship-resistant, performant, and easy to use.”

A shift from tools to full cloud platform Originally known for providing Solana indexers, Aleph.im has evolved into a full cloud platform, prompting the rebrand to Aleph Cloud. According to Schemoul, the new name clarifies the project’s mission: delivering a comprehensive, developer-friendly decentralized cloud experience.

“It felt clearer for us but most importantly to our customers and users to adopt a universal name as Aleph Cloud,” Schemoul said in a Q&A with crypto.news.

Aleph Cloud now runs on over 700 globally distributed nodes across 12 countries and offers an intuitive SaaS interface, allowing developers to deploy decentralized apps without needing DevOps expertise.

Backing builders with a decentralized safety net Aleph Cloud’s newly launched Accelerator Program is intended to give early-stage Web3 and AI developers access to infrastructure credits, confidential virtual machines, web hosting, and more, without upfront cost.

Schemoul told crypto.news that small startups and independent developers “need strong resources in order to develop their projects.” To support a thriving ecosystem, Aleph Cloud will consider companies with a real product or even a proof of concept to gain access to its cloud services for free up to a certain threshold.

Instead of using treasury funds directly, the program distributes access via non-transferable Soulbound tokens, which unlock free use of Aleph Cloud’s infrastructure for selected participants.

Proving its edge over centralized and decentralized rivals The move comes amid increasing concerns about centralization risks in blockchain. Over 50% of Ethereum nodes, for example, are hosted on centralized services like AWS, making entire networks vulnerable to outages. Aleph Cloud offers an alternative by enabling decentralized node hosting for Ethereum, Bitcoin, and more.

In the first four months of 2025 alone, Aleph Cloud has issued over 200,000 Soulbound tokens and supported 26 blockchain networks. Projects like Ubisoft’s Web3 games, HyperSwap, and Anima’s Sybil-resistance tooling already use the platform to maintain censorship-resistance and ensure uptime during centralized cloud outages.

“Whether it’s DeFi applications like HyperSwap, Sybil-resistance tools like Anima, or use cases in the gaming industry with partners such as Ubisoft, we are ready to support them,” Schemoul also said in the interview.

Competing on flexibility and scale Aleph Cloud’s strategy is consistent with a broader trend toward decentralized physical infrastructure. It competes against industry titans like Filecoin and Akash and needs to differentiate itself in a fast growing market.

According to Schemoul, Aleph’s edge lies in its all-in-one design, offering compute, storage, hosting, and confidential virtual machines through a unified interface. The CEO stated:

“Whether you need to store data, host a website or portfolio, display a Frame, or run AI agents, Aleph Cloud is designed to support it all. You can even do everything simultaneously, something that many larger competitors do not offer.”

Developer interest is notably strong on Solana, with nearly 90% of recent accelerator applications focused on that ecosystem. The platform has also expanded support to emerging chains like Sonic and Eclipse.

Designed for compliance Aleph Cloud emphasizes that it is GDPR compliant and operates a chain-agnostic deployment. Neither Aleph nor its node operators can view stored data, reducing the likelihood of ad targeting, resale, or any other activity that goes against the end user’s interest.

Schemoul explained that it had to recently remove a streaming platform from a node it operated after receiving a copyright notice from the content’s owner. Due to the decentralized architecture, the content was simply migrated to another node.

This is a notable example of how censorship-resistance can be maintained without violating any laws.

The full Q&A with Jonathan Schemoul is below:

crypto.news: Your company recently rebranded from Aleph.im to Aleph Cloud. What drove this decision? Can you share the rationale and vision behind the new brand, and how it better reflects the direction the company is headed in 2025 and beyond?

Jonathan Schemoul: We have been exploring different options before finally settling on Aleph Cloud. Our main objective remains the same, providing an affordable, fast and resilient decentralized cloud for web3 native companies. Our infrastructure and service model has greatly improved allowing us to cater also to larger traditional enterprises. 

Aleph.im used to provide indexers on Solana before growing our product suite to a complete cloud platform. In this sense it felt clearer for us but most importantly to our customers and users to adopt a universal name as Aleph Cloud.

CN: What was the strategic thinking behind launching the accelerator program? What types of startups or innovations are you hoping to support, and how will the program help them (e.g. providing cloud credits, mentorship, or other resources)?

JS: First it’s a matter of common good. I think that our industry has to unite in order to grow more successful companies and protocols and their fate shouldn’t be left in the hands of big tech corporates. Small startups and independent devs need strong resources in order to develop their projects even before thinking of raising money. With our grant program anyone can apply with a real product or even a POC (proof of concept) and nearly instantly get access to all our cloud services for free up to a certain threshold. Be it confidential virtual machines, VPS, database storage or web hosting, we give these companies an opportunity to run their full stack onchain from day one.

CN: Is the funding coming entirely from Aleph Cloud’s treasury, or are there external partners involved?

JS: These services aren’t paid directly in ALEPH tokens, instead we have developed a non-transferrable Soulbound token that opens access to  the cloud to selected individuals; It’s a net positive operation for everyone, this way we don’t have to use our treasury and developers have access to the same resource as any other customer.

CN: What chains are you seeing the most developer interest from? You mention Ethereum, Base, Solana, BSC, and Avalanche in the press release but are there specific ecosystems where demand for decentralized infrastructure is outpacing the rest

Looking at the applicants to our grant program, nearly 90% show a strong dominance of Solana, particularly for consumer-facing applications. With support for 24 blockchains (and counting), developers can now build their apps on a truly decentralized cloud, finally putting the ‘D’ back in DApp. Recently, we deployed Aleph Cloud on Sonic and Eclipse, as we’re seeing growing momentum around these emerging blockchains.

CN: Centralization remains a big issue in blockchain ecosystems for instance, up to 90% of Layer-1 nodes run on centralized clouds like AWS or Azure​. How does Aleph Cloud’s decentralized infrastructure offer an advantage over traditional providers like AWS or Google Cloud? In what areas do you see competitive advantages and how do you convince developers or enterprises to switch from the convenience of centralized cloud services?

JS: That’s entirely true, and it is quite concerning to see AWS and GCP ranking among the most-used cloud providers in the blockchain ecosystem.

According to Ethernode, 51% of Ethereum nodes are hosted on cloud providers, with 38% hosted on AWS alone. While we are not yet scaled to host an entire blockchain network on Aleph Cloud, we do enable decentralized node hosting. For example, several users are already running Bitcoin and Ethereum nodes on our infrastructure in a fully decentralized manner.

Our suite of products is designed to support enterprise and developer needs alike. Whether it’s DeFi applications like HyperSwap, Sybil-resistance tools like Anima, or use cases in the gaming industry with partners such as Ubisoft, we are ready to support them.

The path toward a decentralized industry takes time. We are still early, working to convince one project at a time, but we are seeing significant and growing interest in our solution.

CN: Industry-wide, we’re seeing a 2025 trend toward decentralized physical infrastructure for cloud services. How do you view Aleph Cloud’s role in this broader movement? What sets Aleph apart from other decentralized compute or storage protocols emerging in this space (for example, competitors like Filecoin for storage or Akash for compute)? In your opinion, where does Aleph Cloud have a unique edge in the push to challenge the dominance of traditional cloud providers?

We can be proud to be one of the first projects that emerged in 2020 and is still actively building five years later. This demonstrates two key things. First, we have built a strong base of customers and developers who continue to support us regardless of market fluctuations. Second, we consistently innovate and release essential features, such as confidential virtual machines and GPU instances.

As you pointed out, we offer a universal cloud platform. Whether you need to store data, host a website or portfolio, display a Frame, or run AI agents, Aleph Cloud is designed to support it all. You can even do everything simultaneously, something that many larger competitors do not offer. Our biggest advantage is delivering a comprehensive and flexible cloud solution that adapts to every need.

CN: How is Aleph Cloud navigating the regulatory landscape? For example, you’ve described the platform as a GDPR-compliant “chain-agnostic supercloud”​ but how do you ensure data privacy, security, and compliance in a network of globally distributed nodes? Do you foresee any regulatory hurdles (or advantages) for decentralized infrastructure providers, and how are you preparing to address issues like data jurisdiction or service liability that traditional cloud companies typically deal with?

JS: Aleph Cloud is fully GDPR compliant, as neither we nor the node operators have access to the data stored in the cloud. This means we cannot extract or exploit data for commercial purposes, unlike centralized providers such as Meta, Google, or Amazon.Regarding chain agnosticism, we support both EVM and SVM-based blockchains. This allows us to quickly integrate new ecosystems into Aleph Cloud and provide developers and builders with a more flexible, seamless experience. 

For example, a few months ago, we received a copyright infringement notice because someone was using Aleph Cloud to host a streaming platform. Since the content was hosted on a node operated by our own company, we were legally obligated to remove it. However, our infrastructure is designed to provide an alternative, if content is removed from one node, it can be migrated to another. The responsibility for hosted content lies with the node operator where the content resides. We provide decentralized technology, but each operator is accountable for what is hosted on their node.