tZERO a Polymath uzavřely partnerství pro tokenizaci reálných aktiv na síti Polymesh. Emitenti mohou využít i primární nabídky a u oprávněných případů sekundární obchodování na tZERO’s SEC-regulated Alternative Trading System (ATS).
tZERO Group, Inc., a blockchain-powered multi-asset infrastructure provider, announced a partnership with Polymath, the company behind Polymesh – an L1 blockchain built for real-world assets. The partnership brings together Polymath’s RWA blockchain tech and tZERO’s broker-dealer and tokenization capabilities to support issuers seeking to “tokenize assets on the Polymesh network.”
Polymath and tZERO will aim to support issuers interested in tokenizing on Polymesh while “leveraging tZERO’s infrastructure – including the potential for tZERO Securities to serve as broker-dealer of record where applicable.”
This collab enables issuers to complete primary offerings on Polymesh through tZERO’s tokenization and compliance workflows and, “where eligible, access secondary trading on tZERO’s SEC-regulated Alternative Trading System (ATS).”
The combined model streamlines issuer onboarding, “enhances regulatory confidence, and provides a pathway from issuance to lifecycle management.”
As part of the relationship, tZERO will also operate “a validator node on Polymesh, underscoring a commitment to the network’s governance, security, and long-term ecosystem development.”
Polymesh is said to be designed for regulated financial assets, “offering native identity, compliance, and governance frameworks.”
Pairing Polymath’s L1 chain architecture with tZERO’s regulatory and market structure expertise provides “issuers with a combined solution that is purpose-built for real-world tokenization at institutional scale.”
This collab strengthens the RWA ecosystem by “aligning Polymath’s L1 chain governance with tZERO’s regulated stack, enabling a foundation for issuers looking to launch, manage, and grow digital asset programs.”
Polymath is the fintech company tokenizing the global financial system.
The company is “transforming the private securities market with a white-label SaaS platform that tokenizes real-world assets.”
As mentioned in the announcement, Polymath lets issuers “design compliant, efficient issuance flows while integrating via APIs with custodians, fund-management platforms, cap-table tools, CRM systems, and KYC/AML providers.”
Polymath now reportedly brings “security, liquidity, and efficiency to private markets.”
Polymesh is described as an institutional-grade permissioned blockchain “built specifically for regulated assets.”
It streamlines traditional workflows and “opens the door to new financial instruments by solving challenges around governance, identity, compliance, confidentiality, and settlement.”
As noted in the update, tZERO Group, Inc. and its broker-dealer subsidiaries provide a “liquidity platform for private companies and assets.”
They offer solutions for issuers “looking to digitize their capital table through blockchain tech, and make such equity available for trading on an alternative trading system.”
tZERO, via its broker-dealer subsidiaries, “democratizes access to private assets by providing a simple, automated, and efficient trading venue to broker-dealers, institutions, and investors.”
As covered, tZERO Digital Asset Securities, LLC is a broker-dealer registered with the SEC and a member of FINRA and SIPC.
It is the broker-dealer custodian of all digital asset securities that are “offered on tZERO’s online brokerage platform.”
It operates in accordance “with the SEC’s statement, dated Dec 23, 2020, regarding the Custody of Digital Asset Securities by Special Purpose Broker-Dealers.”
Polymesh v7.4.0 je na Mainnetu a nově umožňuje držet zůstatky aktiv přímo na Account ID, což zjednodušuje vypořádání. Zachovává přitom identity-based compliance a regulatorní požadavky.
Polymesh v7.4.0 is now live on Mainnet, introducing Account ID based asset balances to simplify settlement flows while preserving full identity driven compliance.
This release introduces an important, non breaking enhancement to the settlement model: Account IDs can now hold asset balances directly. It is the first step toward providing a more streamlined, account oriented experience, while preserving the identity and compliance framework that underpins Polymesh.
This release represents a major step forward in the Polymesh evolution, bringing the intuitive balance model of traditional blockchains to regulated settlement while maintaining the compliance guarantees and regulatory controls that make Polymesh unique.
What's New: Account ID Asset BalancesHistorically, all Polymesh assets were held in Portfolios associated with Identities, DIDs. Portfolios remain a core concept and continue to be fully supported. While this model provides powerful organizational and compliance capabilities, it introduced an additional layer of abstraction that differed from traditional blockchain workflows.
With v7.4.0, asset balances can now also be associated directly with an Account ID, a signing key public key address.
Transactions that previously accepted a Portfolio have been updated to also accept an Account ID as an alternate input extending the capability of the existing settlement related transactions.
This does not remove the role of identity. An Account ID must still be linked to an on chain identity. A key improvement is that new functions have been added that perform the Account ID to DID lookup internally during transfers. This reduces the need for off chain identity resolution and simplifies the transaction flow for developers and integrators.
The result is a model that feels closer to traditional blockchains, where balances are typically stored at the key or account level, while still leveraging Polymesh’s settlement engine for compliance and regulatory enforcement.
Simpler Account Based TransfersTo support Account ID balances, v7.4.0 introduces new Asset module transactions that enable streamlined, single leg transfers between Account IDs:
These new transactions allow a sender to initiate a transfer directly from their Account ID balance to a receiver's Account ID. Because identity resolution happens on chain, callers do not need to perform a separate DID lookup before initiating or affirming a transfer. Compliance checks, double spend prevention and settlement guarantees remain fully enforced by the existing settlement engine.
The transactions also support immediate execution in the block the transaction is submitted providing clear feedback in failure cases.
For transfers:
If the receiver has pre-approved the asset, the transfer executes immediately in the same blockIf not pre-approved, a settlement instruction is created pending the receiver's confirmation
For affirmations:
Upon affirmation, if all compliance requirements are met, the instruction executes immediately in the same transactionIf compliance checks do not pass the transaction fails immediately, allowing the receiver to address issues and retryGetting Started with Account ID BalancesBefore using the new transfer flow, an Account ID must hold an asset balance.
This can be achieved in two ways:
Receiving assets through the existing settlement flow, specifying an Account ID as the destinationMoving funds between a traditional Portfolio and an Account ID under the same identityThese options ensure full backward compatibility. Existing portfolio based workflows continue to function exactly as before.
Still Identity DrivenWhile balances can now be held at the Account ID level, they remain anchored to on chain identities. An Account ID must be linked as a primary or secondary key to a DID, and all compliance checks continue to be evaluated at the identity level.
This design preserves Polymesh’s distinction between identities and keys, ensuring that simplification of transfers does not weaken regulatory controls.
SDK and Portal Updates Coming SoonSupport for Account ID based balances will soon be reflected in updates to the Polymesh SDK and the Polymesh Portal, making it easier for developers and users to take advantage of the new functionality.
These updates will streamline integration and expose the new transfer flows through familiar tooling and interfaces.
Looking Ahead to v8.0Version 7.4.0 is a foundational, non breaking release.
In the coming months, we are targeting v8.0 as the next major upgrade. That release will expand Account ID based balance support further and is expected to remove the need to reference a DID when providing an Account ID in settlement transactions. Because that change will modify existing interfaces making it a breaking change, it is planned to be included in the next major release.
Polymesh v7.4.0 delivers immediate usability improvements today and lays the groundwork for a more intuitive, account oriented settlement model in future updates.
Explore the DetailsFor comprehensive technical documentation, see:
Settlement Overview – How settlements and Account ID transfers work under the hoodPortfolios – New Account ID portfolio sectionAsset Transfers – Detailed settlement flows and examplesQuestions?Join the conversation in the Polymesh Community or reach out to the core team. We're excited to see how Account ID asset balances enable new use cases and simpler integrations!
Polymesh runtime v8 sjednocuje POLYX s modelem Polkadot SDK: standardní Transfer už nebude obsahovat memo ani DID a platby s memo přejdou na TransferWithMemo. Pro výběry prostředků má být podporován alespoň jeden z transfer_* způsobů.
Polymesh v8 upgrade advisory: changes to POLYX transfers, events, balances, and memo/DID handling for exchanges, wallets, and custody providers.
TL;DRUpgrade timeline: Polymesh v8 expected May 2026, with ≥4 weeks notice before mainnet upgradeEvent changes:balances.Transfer will no longer include memo or DID fieldsUse balances.TransferWithMemo for memo-based depositsAction required (deposits):Memo-based systems → switch to TransferWithMemo (available since v7.4)Address-based systems → use TransferDo not parse both events for the same transferExtrinsics: legacy transfer removed, use standard Substrate calls (transfer_*)Balances: update parsing to use frozen instead of miscFrozen / feeFrozenTransferable balance formula updatedDID requirement removed (since v7.3):Receiving addresses do not need a DIDRemove any DID checks on withdrawal validationOverviewPolymesh runtime v8 is an upcoming release. This bulletin is provided in advance so that exchange, custody, and wallet teams can plan and prepare integration changes ahead of the upgrade. The mainnet upgrade is expected in May 2026. A firm date will be announced at least 4 weeks in advance.
This bulletin is for exchange, custody, and wallet engineering teams that support on-chain POLYX transfers and balance reconciliation.
Scope: POLYX token transfer flows on the Polymesh blockchain (balances pallet behavior and related account-balance semantics).
Polymesh runtime v8 aligns POLYX balance behavior with the upstream Polkadot SDK (Substrate) balances model and interface.
The rationale for this change is to:
Reduce network-specific integration logicImprove compatibility with standard Polkadot SDK wallets, indexers, and operational toolingMake transfer semantics and storage layout more predictable across Polkadot SDK-based environmentsFor exchanges, custody platforms, and wallet providers, this results in simpler long-term maintenance, fewer custom parsing rules, and clearer forward compatibility as upstream standards evolve.
What Changes in v81) Transfer ExtrinsicsThe POLYX transfer API surface moves to the standard balances calls:
transfer_allow_deathtransfer_keep_alivetransfer_allThe legacy transfer call is removed. transfer_with_memo remains available for memo-bearing transfers.
For withdrawals or sending POLYX, integrations should support at least one of the four transfer methods (transfer_allow_death, transfer_keep_alive, transfer_all, or transfer_with_memo).
Supporting any one of these methods is sufficient. However, it is recommended, but not mandatory, to support transfer_with_memo for outgoing transfers, since some destinations, such as exchanges, require unique memos for deposit attribution.
2) Transfer EventsCurrent Event Structure (v7.4, pre-v8)The balances.Transfer event currently emits six fields:
balances.Transfer( from_did: Option<IdentityId>, from: AccountId, to_did: Option<IdentityId>, to: AccountId, amount: Balance, memo: Option<Memo> ) The balances.TransferWithMemo event (introduced in v7.4) emits four fields:
balances.TransferWithMemo( from: AccountId, to: AccountId, amount: Balance, memo: Memo )In v7.4, POLYX transfers executed via transfer_with_memo emit both Transfer and TransferWithMemo. Integrations should parse only one of these event streams for deposit accounting to avoid double counting.
v8 Event StructureIn v8, balances.Transfer aligns with the standard Polkadot SDK format and drops the identity and memo fields:
balances.TransferWithMemo remains unchanged and is emitted only when the transfer_with_memo extrinsic is used.
This means:
Standard transfers emit only Transfertransfer_with_memo emits both Transfer and TransferWithMemoCompatibility Note for Current Runtime (v7.4)balances.TransferWithMemo was introduced in v7.4 specifically to provide forward compatibility with v8. Because v8 removes the identity and memo fields from the standard Transfer event, a dedicated event was introduced in advance so that memo-based POLYX deposit flows can continue to function across the upgrade.
TransferWithMemo is compatible with both v7.4 and v8. Exchanges that track memo-based POLYX deposits should switch to consuming TransferWithMemo.
Important:
In v7.4, TransferWithMemo is emitted only when transfer_with_memo is used
When it is emitted, Transfer is also emitted for the same extrinsicParse only one event stream per flow to avoid double countingNote on Deposit Address StrategySince v7.3, Polymesh no longer requires an account to have an associated Decentralised Identity (DID) in order to receive POLYX or participate in staking.
This has a direct practical implication for exchanges.
Prior to v7.3, every receiving address required a DID, which made unique per-user deposit addresses difficult to operate at scale. Memo-based deposits to a shared address were commonly used as a workaround.
With DID requirements removed for POLYX, exchanges can now allocate a unique on-chain deposit address per user, following the standard pattern used across most Polkadot SDK-based chains, without requiring each user to hold a DID.
Both deposit models remain fully supported:
Approach Event to parse Notes Memo-based deposits (shared address) balances.TransferWithMemo Memo identifies the user, available since v7.4, forward-compatible with v8 Unique deposit address per user balances.Transfer Standard pattern, no memo required Important: Since v7.3, receiving addresses are not required to have an associated DID to receive POLYX. Integrations should not enforce DID existence checks when validating withdrawal destinations, as this can lead to valid transfers being incorrectly rejected.
3) system.account Balance Data Layoutsystem.account.data moves from:
freereservedmiscFrozenfeeFrozento:
freereservedfrozenflagsAccount data is migrated in two stages.
At upgrade time:
miscFrozen and feeFrozen are replaced with a single single frozen value. flags is initialised to the same value as frozen. free and reserved remain unchanged.
After the account is next updated (for example, via transfer or staking):
reserved is recalculated to reflect upstream semantics, free is adjusted accordingly, and flags is updated to its full upstream format including version bits.
The v8 transferable balance formula below produces correct results for accounts in either state.
free is the account free balancereserved is protocol-reserved balancefrozen is the total locked or frozen amountED is the existential depositSince Polymesh uses ED = 0, this simplifies to:
transferable = free - max(0, frozen - reserved) In v8, an account’s total balance remains free + reserved. The reserved field now reflects protocol-reserved funds such as staked tokens, so reported free balances may differ from pre-v8 for accounts.
5) transfer_keep_alive vs transfer_allow_deathBoth calls are exposed for compatibility with standard Polkadot SDK balances tooling.
With ED = 0 and no account reaping at zero balance, their practical behavior is equivalent for exchange integrations.
Integration Guidance for ExchangesUse the following as your implementation baseline:
Support at least one of the four transfer methods for withdrawals (transfer_allow_death, transfer_keep_alive, transfer_all, or transfer_with_memo)Prefer supporting transfer_with_memo for outgoing transfers where counterparties require memosDo not require a DID for withdrawal destination addressesFor memo-based deposits, consume balances.TransferWithMemoFor address-based deposits, consume balances.TransferDo not parse both events for the same transfer flow in v7.4 or v8Treat the presence of a transfer event as the authoritative signal that value movedUpdate balance parsing logic to handle frozen and flagsUpdate available balance computation to the v8 formulaSummaryPolymesh runtime v8 standardises POLYX balance interfaces and event semantics around the upstream Polkadot SDK model, while preserving memo-capable transfers via TransferWithMemo.
Exchanges that adopt TransferWithMemo for memo-based flows and update balance and storage handling in advance will be well positioned for a smooth v8 transition.
Polymesh v8 přijde na Testnet 24. června 2026 a na mainnet 22. července 2026. Přidá self-registered DIDs, EVM chytré kontrakty a Confidential Assets na Testnet, kde budou dostupné k experimentování.
Polymesh v8 introduces self-registered DIDs, simplified asset transfers, expanded account-based ownership, EVM smart contract support, and Confidential Assets on Testnet.
The Polymesh v8 upgrade is approaching and will introduce some of the most significant changes to the network since launch.
We are currently targeting the following rollout schedule:
Testnet: 24 June 2026
Mainnet: 22 July 2026
Polymesh v8 focuses on simplifying onboarding, reducing transaction friction, expanding asset ownership models, and improving compatibility with broader blockchain tooling, while maintaining the flexibility required by regulated asset ecosystems.
This release also includes a substantial upgrade of the underlying blockchain framework and modules to Polkadot SDK version stable2603-2.
Taken together, these changes represent an important evolution of the platform. The release removes several sources of friction that have historically impacted users and developers while introducing new capabilities that expand how applications can be built on Polymesh.
Who Should Read This?This upgrade is particularly relevant for:
DevelopersIntegratorsInfrastructure OperatorsAsset IssuersWallet ProvidersAt a GlancePolymesh v8 introduces:
Self-registered DIDs, no CDD Claim requiredDID Registrars replacing CDD ProvidersReceiver affirmations become opt-inExpanded account-based ownership for assets and NFTsAsset allowances and delegated spendingEVM smart contract support via PolkaVM and ReviveGeneric Polkadot Ledger app supportConfidential Assets available on TestnetUpgrade to Polkadot SDK stable2603-2Infrastructure Releases Available NowNode binaries and Docker images for v8.0.0 are already available. Nodes can be upgraded ahead of the runtime upgrade, allowing infrastructure operators to begin preparation immediately.
Infrastructure operators are strongly encouraged to upgrade and begin testing as soon as possible.
Simpler Identity OnboardingOne of the biggest changes in v8 is a new approach to identity registration.
Historically, users joining Polymesh were required to obtain a DID through a CDD Provider, complete identity verification, and receive a CDD Claim before participating on the network. While this model established a trusted identity framework, it also introduced onboarding friction for users and developers.
In practice, asset issuers and applications still needed to perform their own onboarding and KYC processes to satisfy regulatory requirements. This often resulted in users completing multiple onboarding flows before they could begin using an application.
Polymesh v8 removes the requirement for CDD Claims and allows users to self-register DIDs directly on-chain.
CDD Providers are being migrated to a new DID Registrar model. Permissioned DID Registrars can continue to register identities on behalf of users, while users who do not require a registrar can create identities directly.
The result is a significantly simpler onboarding experience while retaining flexibility for institutions and applications that wish to manage identity registration workflows.
Simpler Asset TransfersAnother major change in v8 is the transfer affirmation model.
Historically, transfers required receiver affirmations by default, adding additional steps before assets could settle. While this helps prevent unwanted transfers, it also adds friction to the transfer flow.
In v8, receiver affirmations are disabled by default for all users.
Users can still require receiver affirmations when needed by enabling them, but the default experience is now significantly simpler and more closely aligned with user expectations from other blockchain ecosystems.
This reduces friction while preserving the ability to enforce additional controls when necessary.
Important: Applications that assume all transfers require receiver approval should review their transfer flows before the chain is upgraded.
Expanded Account Based Asset OwnershipPolymesh v7.4 introduced support for account based native asset balances as an alternative to traditional portfolio based ownership.
Polymesh v8 extends this model to support NFTs, introduces a new settlement.transferFunds method, removes the need to specify a DID in addition to an account address, and simplifies the account based settlement flow.
Identity owned portfolios remain fully supported and continue to be the preferred model for many institutional workflows where share control via secondary keys is required. However, developers can now choose between portfolio based and account based ownership models depending on their application requirements.
The Polymesh Portal has been updated accordingly, with the Portfolio page evolving into a Balances experience that supports both portfolios and accounts, and the Transfers page supporting account based transfers.
Asset Approvals and Delegated Spendingv8 introduces approval based allowances for key held assets.
This allows an account holder to authorize another account or smart contract to transfer assets on its behalf within defined limits. Without an allowance, only the account key holder can transfer assets associated with that key.
These delegated spending capabilities enable new application patterns and align Polymesh more closely with workflows commonly found across the broader blockchain ecosystem, such as ERC20 style tokens.
Allowances work in conjunction with the new settlement.transferFunds method.
EVM Smart Contract SupportPolymesh v8 introduces EVM compatibility through PolkaVM and the Revive pallet.
Developers can build Solidity based smart contracts while continuing to leverage Polymesh identity and asset infrastructure.
This opens the door to a broader range of developer tooling and application architectures while maintaining access to Polymesh specific functionality.
Hardware Wallet and Ledger Support UpdatesWith v8, Polymesh will also support the generic Polkadot Ledger application as well as the Polkadot Migration app, expanding hardware wallet compatibility across the ecosystem.
At Mainnet launch, the existing Polymesh Ledger application will be updated to a Polymesh branded version of the generic Polkadot app, while continuing to use the Polymesh specific key derivation path to ensure compatibility with existing accounts.
The Polymesh wallet extension has already been updated to support all three wallet options.
These generic Ledger applications use a metadata hash based approach, enabling support for clear signing of current and future transaction types without requiring frequent application updates as the runtime evolves.
Confidential Assets on TestnetPolymesh v8 also introduces Confidential Assets, as previously previewed on Devnet, to Testnet.
This functionality enables counterparty privacy, asset confidentiality, and balance confidentiality while maintaining the compliance and auditability requirements expected of regulated assets.
Confidential Assets will be available for experimentation and feedback on Testnet but will remain disabled on Mainnet while additional development, testing, and auditing activities continue.
This Testnet release allows developers and ecosystem participants to begin exploring the functionality and providing feedback ahead of a future Mainnet activation.
Look out for more information on Polymesh Confidential Assets in the coming weeks.
Required Software VersionsDevelopers and integrators should begin preparing to upgrade to:
Polymesh v8.0.0polymesh-sdk v30.0.0polymesh-types v7.4.0polymesh-subquery v19.6.0polymesh-rest-api v8.1.0-alpha.1 or newerThe SDK release is compatible with both the current network and v8, allowing applications to begin preparing before the upgrade.
What Happens Next?In the coming days and weeks we will publish:
Migration guidanceUpdated documentationInfrastructure upgrade guidanceUpdated Confidential Assets documentationWe encourage all developers, integrators, infrastructure operators, and ecosystem participants to begin testing against Testnet as soon as it becomes available.
If you have any questions, please reach out via Discord or our support channels.
Thank you to everyone who has contributed feedback, testing, and development throughout the v8 cycle.
We look forward to seeing what the community builds with Polymesh v8.
Hyperliquid ETF zaznamenal rekordní denní čistý příliv 25,5 milionu USD a za prvních sedm obchodních dnů přilákal celkem 54 milionů USD. Institucionální toky do HYPE ETF podle Presto Research zatím v poměru k tržní kapitalizaci překonávají tempo Bitcoin ETF.
May 21. On May 20, the U.S. Spot Hyperliquid ETF notched $25.5 million in net inflows—its largest single-day haul since launch. In the days leading up to that date, the ETF had posted net inflows of $4.4 million on Monday and $11 million on Tuesday. Data shows the 21Shares Hyperliquid ETF (THYP), which launched on May 12, brought in $16.7 million in net inflows that same day—up from the $5.3 million it saw the prior day. The Bitwise Hyperliquid ETF (BHYP), launched on May 14, took in $8.8 million, a jump from the $5.7 million it recorded the day before. Over its first seven trading days, the entire category has pulled in a total net inflow of $54 million. Peter Chung, research director at Presto Research, noted that when adjusted for market capitalization, institutional flows into the HYPE ETF have outpaced the speed of inflows into Bitcoin ETFs so far this year. Dominick John, an analyst at Zeus Research, added that these inflows signal investors are capitalizing on entry points tied to the infrastructure narrative, while recognizing the asset’s transparent, usage-driven revenue model. Fueling this momentum, HYPE’s token price surged 17.3% in the past 24 hours to $55.91, with a current market cap of roughly $13.4 billion. The token previously hit an all-time high of around $59.3 in September 2025. Per CoinGecko data, HYPE’s fully diluted valuation briefly reached about $54.7 billion, momentarily surpassing Solana’s $54.2 billion valuation at the time. Tim Sun, a senior researcher at HashKey Group, believes the sustained inflows into the HYPE ETF show the market is forming a new consensus: decentralized trading platforms are starting to be integrated into broader overhauls of financial infrastructure. Jeff Ko, chief analyst at CoinEx, pointed out that HYPE and its related ETFs have structural investment logic distinct from Bitcoin and Ethereum. He explained: Bitcoin acts as a non-yielding store of value; Ethereum centers on staking rewards; HYPE, meanwhile, operates more like equity in a cash-flow-generating trading platform—since the protocol uses most of its fees for open-market token buybacks, giving investors a more familiar valuation framework to work with. On-chain metrics confirm Hyperliquid has become a dominant player in on-chain perpetual contract and derivative trading. So far this week, the network has captured approximately 42% of total blockchain fees, outperforming Tron (22.6%), Solana (10.6%), and Ethereum (8%) in that key metric.
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WSJ uvádí, že íránské subjekty od roku 2019 přes CoinEx přesunuly 3,84 miliardy USD, aby obešly americké sankce. Toky vedly z peněženek napojených na íránskou centrální banku a Nobitex.
The Wall Street Journal reported that Iranian entities have funneled $3.84 billion through crypto exchange CoinEx since 2019, using the platform as a pressure valve to circumvent US sanctions. The findings, based on analysis by blockchain intelligence firm TRM Labs, trace funds back to wallets linked to Iran’s Central Bank and the domestic exchange Nobitex.
How the money moved According to the WSJ report, funds from Iran’s Central Bank wallets, including USDT stablecoins, moved through various intermediary routes before landing on CoinEx. Nobitex, Iran’s largest domestic crypto exchange, served as the on-ramp. CoinEx became the off-ramp to global markets. At peak volume, transactions between the two platforms hit $763 million in a single year.
By 2024, CoinEx had become Nobitex’s largest foreign counterparty. That distinction previously belonged to Binance, the world’s biggest crypto exchange, which pulled back after implementing stricter sanctions compliance controls.
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CoinEx was founded in 2017 by Haipo Yang and operates out of the Seychelles. The exchange has since said it is implementing new Know Your Customer measures and restricting access for Iran-based users.
The sanctions backdrop On June 2, 2026, US authorities sanctioned Nobitex, citing connections to entities including the Islamic Revolutionary Guard Corps (IRGC). Over 60 Iranian entities are linked to the crypto flows detected by TRM Labs.
The $3.84 billion figure identified by TRM Labs likely represents only the transactions that could be traced through on-chain analysis. The actual volume of Iranian funds moving through global crypto markets could be substantially higher, given the use of privacy tools, chain-hopping, and peer-to-peer transactions that don’t touch centralized exchanges at all.
What this means for investors CoinEx’s announcement that it’s now tightening KYC and restricting Iranian users is a reactive move, not a proactive one. The exchange processed billions in suspect transactions over roughly seven years before announcing compliance improvements.
Exchanges that invest heavily in compliance, including Coinbase, Kraken, and Binance post-settlement, gain a structural advantage every time a rival gets caught facilitating illicit flows. Traders and investors should weight their platform choices accordingly, because the exchange you use is itself a risk factor.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bithumb zařadí KRW páry pro BOB a OriginTrail (TRAC) a od spuštění do 5. prosince 17:00 zruší obchodní poplatky. Počáteční ceny jsou 16,90 KRW u BOB a 738 KRW u TRAC.
South Korea-based cryptocurrency exchange Bithumb announced that it will list KRW trading pairs for two new crypto assets, BOB and OriginTrail (TRAC).
Bithumb Announces Listing of KRW Trading Pairs for BOB and OriginTrail (TRAC) The exchange aims to increase user interest by announcing that trading fees for both assets will be free for a certain period of time.
According to the exchange's statement, the KRW parity for BOB (Build on Bitcoin) will open at 15:00 on Wednesday, December 3, 2025, and the KRW parity for TRAC will open at 17:00 on the same day.
Deposits and withdrawals for both assets will be available within three hours of the announcement. The starting price for BOB is 16.90 KRW, while for TRAC, it is 738 KRW.
Bithumb will zero transaction fees for both assets from the trading opening on December 3, 2025, until 5:00 PM on December 5. However, it was stated that transactions made during the free trading period will not earn trading points or maker rewards, and unrewarded or suspicious transaction volumes will not be included in the Black Premium benefit calculations.
BOB stands out as a hybrid Layer-2 solution that combines the security of Bitcoin with the scalability of Ethereum. Its OP Stack-based EVM compatibility allows developers to leverage Bitcoin security while using Ethereum tools. The BOB token is used for staking, governance, and network incentives.
OriginTrail, a project that aims to create reliable data connections between blockchain and AI using distributed knowledge graph (DKG) technology. The TRAC token is the underlying asset used for intra-network transactions, fees, and staking.
*This is not investment advice.
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Getting listed on Upbit is the crypto equivalent of landing a shelf at Costco. The volume is enormous, the audience is hungry, and things tend to move fast. OriginTrail’s TRAC token is about to get that shelf space.
South Korea’s dominant digital-asset exchange will begin supporting TRAC trading across KRW, BTC, and USDT markets on May 18, 2026. For a token built around supply chain data integrity and decentralized knowledge infrastructure, this is arguably the biggest distribution event in its history.
Why Upbit listings matter more than most Upbit consistently leads South Korean trading volume, and the Korean won (KRW) market is one of the most active retail trading environments on the planet. When a token gets a KRW pair on Upbit, it’s suddenly accessible to millions of traders who have historically shown an appetite for moving fast and moving big.
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Previous Upbit listings of data and AI-adjacent tokens have resulted in sharp short-term price movements and surges in trading volume. When Bittensor’s TAO was listed on the exchange, its price surged to $189.23 shortly after, reflecting the kind of aggressive local demand that makes Upbit listings a marquee event in token economics.
The fact that TRAC is getting three trading pairs, not just one, signals a level of commitment from the exchange. KRW gives it the retail firehose. BTC provides the trading pair for more traditional crypto-native users. USDT rounds it out for stablecoin-denominated traders.
What OriginTrail actually does OriginTrail has been around since 2018, which in crypto years makes it practically ancient. The project operates what it calls the Decentralized Knowledge Graph, a system designed to organize, verify, and make discoverable trusted data across supply chains and enterprise networks. TRAC serves as the utility token for staking and data publishing within that system.
Upbit has been gravitating toward projects with ties to data and artificial intelligence, two themes that have been dominating Korean retail interest. TRAC fits neatly into that category without being a pure AI play, which gives it a slightly differentiated profile compared to the wave of AI tokens that have flooded the market.
What this means for investors Getting listed on Upbit with three trading pairs dramatically improves pricing efficiency. Tighter spreads, deeper order books, and better arbitrage opportunities across global exchanges are all natural consequences. Before this listing, Korean traders who wanted exposure to TRAC had to go through international exchanges or more circuitous routes.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Updated May 9, 2023, 4:08 a.m. Published Feb 16, 2023, 6:07 p.m.
2 min read
Mika Honkasalo, founder of Access Protocol (Danny Nelson/CoinDesk)Play-to-earn, step-to-earn and now … read-to-earn?
A crypto-fueled experiment in digital media monetization is underway after Access Protocol airdropped tranches of its ACS token to early adopters of the Solana-based content subscription service.
On Wednesday, Access Protocol airdropped 20,000 ACS tokens apiece to members of a sign-up list. Holders can “stake” their ACS with content platforms like CoinGecko and The Block to gain access to paywalled and specialty content.
With the public token airdrop now over, traders have stepped in to juice the value of ACS over 300% since launch, according to CoinGecko, which conducted the distribution. It’s trading around 2 cents with a circulating market cap of $620 million. CoinGecko data shows nearly a third of ACS tokens have been unlocked thus far.
The early airdrops accounted for just 2% of the token’s initial allocation, according to a version of the pitch deck viewed by CoinDesk. Access Protocol has allocated 15% of the token supply towards the project’s team and foundation, 15% towards the project’s treasury and 68% towards “onboarding creators and their existing audiences.”
The pitch deck also revealed the token’s “annual inflation rate of 7% in perpetuity split 50/50 between creators and stakers.” Additionally, creators are encouraged to airdrop their tokens to readers in the hopes that readers will stake the ACS to view their content, thereby generating staking revenue for both the content creators and the consumers.
At press time, CoinGecko was in the lead as Access Protocol’s most popular staking spot, with over 530 million ACS locked.
The pitch materials also highlighted that crypto news outlet The Block (a CoinDesk competitor) would put 20% of their content behind the Access Paywall, while Wu Blockchain (a well-known Twitter account) would publish content on a “Access” Substack product. The news outlets partnering with Access Protocol also received a distribution of ACS tokens, according to people familiar with the matter.
A bevy of exchanges lined up to list ACS at launch including Coinbase. In a tweet, Product Manager Rishi Prasad said ACS is the first Solana-based token that Coinbase listed on its launch day – one sign of the exchange's openness to play ball with the new asset.
However, Access Protocol is reminiscent of past crypto projects that incentivized users to earn tokens by engaging in activities like gaming (play-to-earn) or walking (step-to-earn). While those projects initially saw the value of their tokens soar, those gains proved to be short-lived as inflationary tokenomics failed to support the price pumps. Access advised content creators to “gamify your pool with publicly viewable leaderboards” and “incentivize your loyal supporters through unique offerings (e.g., NFTs).”
Access Protocol’s Mika Honkasalo, who now runs the project’s foundation, did not respond to a request for comment.
Access Protocol spustil Creator Coins na Solaně a ACX po oznámení vyskočil o více než 100 %. Objem obchodů za 24 hodin vzrostl o 10 909 % na 95 milionů USD.
Access Protocol’s ACX token surged after unveiling Creator Coins on Solana, a new monetization model for digital creators.
Summary
Access Protocol launched Creator Coins on Solana, powered by Proof of Audience and Raydium Launchlab. ACX surged over 100% intraday, with volume spiking 10,909%. Creator Coins reward early supporters and provide creators with sustainable revenue models. Creator Coins operate like memecoins but are directly tied to individual creators, offering a tokenized way to align incentives between communities and the talent they follow.
The announcement was made on Aug. 25, 2025, in a post on X and an official press release by Access Protocol (ACX).
Unique Proof of Audience Model Unlike speculative launches with no built-in demand, Access has embedded a Proof of Audience system that sets milestones before any coin can go live. These milestones ensure creators show genuine traction.
They include a minimum number of stakers, pool scores, and staking thresholds. Once those conditions are satisfied, token allocations are given to supporters, and creators receive their share, which is vested over a two-year period.
The goal of this strategy is to balance community benefits with long-term creator income. Tokens are tradeable from day one, while Access has also layered in a Creator Token Incentive Program that sends millions of ACS tokens to creators, stakers, and traders every month.
The launch is supported by Raydium’s (RAY) Launchlab on Solana (SOL), ensuring liquidity and tradability from day one. Creator tokens distribute 10% of the supply to early supporters, while creators receive 20% vested over two years.
Market reaction and ecosystem impact Following the news, ACX price rallied more than 100%, climbing from roughly $0.00108 to a high of $0.00223 before retracing. As of this writing, ACX is still up 16% for the day and has shown comparable gains throughout the week.
Additionally, trading activity increased significantly. In the last 24 hours, the daily volume increased by 10,909% to $95 million, indicating a renewed interest in the Access Protocol ecosystem.
The market’s reaction shows a high level of interest in both ACX and the larger Creator Coin concept. Access is establishing itself as a competitor to subscription-based platforms such as Patreon by linking token utility to creators and their audiences, while also capitalizing on the trading culture that has propelled Solana’s expansion.
The world’s largest crypto exchange Binance on Wednesday said it will delist additional spot trading pairs citing multiple factors. After recently naming some key spot and margin crypto pairs in the delisting and ceasing strategy, the crypto exchange has now announced a plan to delist Internet Computer and Maverick Protocol.
Notably, CME and CF Benchmarks recently announced the launch of new reference rates and real-time indices for Internet Computer (ICP) and Ripple’s XRP.
Binance to Delist ICP and MAV Spot Pairs Internet Computer (ICP) and Maverick Protocol spot trading pairs against BNB and TUSD will be delisted by Binance, according to an announcement. The crypto exchange will remove and cease trading of ICP/BNB and MAV/TUSD spot trading pairs on July 19 at 03:00 UTC.
Moreover, Binance will also terminate spot trading bots services for the aforementioned spot trading pairs. The exchange strongly recommends users to update or cancel their spot trading bots before the cessation of services to avoid potential losses.
“To protect users and maintain a high-quality trading market, Binance conducts periodic reviews of all listed spot trading pairs, and may delist selected spot trading pairs due to multiple factors, such as poor liquidity and trading volume, said Binance.
As CoinGape reported, Binance delisting BTC/TUSD and TUSD/USDT spot trading pairs next week as the exchange gradually withdrew support for TUSD stablecoin amid multiple concerns. However, the crypto exchange has rolled out initiatives to boost crypto market liquidity and trading experience for its users.
The exchange has also announced an event for Shiba Inu and Dogecoin, offering crypto participants massive rewards. The Battle of The Meme Dogs ends July 29.
Battle of the meme: Doge vs Shiba Inu
Join the Memecoin Duel to share $100,000 in token vouchers!
Find out more ⤵️https://t.co/AKjz84IMjh pic.twitter.com/JgDxykRhLd
— Binance (@binance) July 16, 2024
Also Read: Crypto Market Reacts To Trump’s Plan Of Making JPMorgan CEO Treasury Secretary
ICP and MAV Price Action ICP price pared some gains after the announcement, with the price currently trading at $10.12. Internet Computer (ICP) jumped 8% over the last day, with the 24-hour low and high of $9.34 and $10.29, respectively. Furthermore, the trading volume has decreased slightly as traders look to book profits.
ICP futures open interest jumped 4% in the past 24 hours, as per Coinglass. Massive buying activity was seen on CoinEx and Bybit, with 70% and 7% increase in the last 24 hours.
Source: Coinglass Meanwhile, MAV price soared 8% in the past 24 hours, with the price currently trading at $0.2304. The trading volume has increased by just 3% in the past 24 hours.
Also Read: Binance Responds to Bloomberg’s Apology For False Accusations On Exchange & CZ
Nym Technologies vstoupila do Liquid Federation a stala se jedním z 15 funkčních uzlů Liquid Network. Cílem je posílit soukromí a bezpečnost bitcoinové vrstvy 2, včetně integrace Liquid do Nym mixnetu.
Web3 privacy-focused infrastructure provider Nym Technologies has joined Liquid Federation to support the growing Bitcoin layer-2 ecosystem, according to an April 18 statement shared with CryptoSlate.
The Liquid Federation is a group of crypto-native organizations, including exchanges, trading desks, and developers, that perform vital tasks for the premier Bitcoin sidechain, Liquid Network.
‘Enhancing privacy'As part of its engagement, Nym Technologies assumes a crucial role as one of the 15 dispersed functionary node operators for Liquid Network.
These specialized nodes, housed in tamper-proof Hardware Security Modules (HSMs), are crucial in managing the Liquid Network's core infrastructure and transactions. This includes proposing and signing blocks, overseeing the two-way Bitcoin peg, and safeguarding the network's BTC reserves through a distributed multi-signature wallet.
Meanwhile, the collaboration between Nym, the Liquid Federation, and Blockstream, the Liquid's technical provider, signifies the first step towards a broader vision.
As per the official statement, the partnership aims to integrate Liquid functionality into the Nym mixnet, bolstering transaction confidentiality during transit and elevating privacy standards for Bitcoin layer-2 users.
Nym's mixnet is a foundational privacy infrastructure at layer-0, adaptable to any blockchain and adept at concealing traffic, fortifying privacy, and enhancing security for users and validators alike.
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Dr. Adam Back, CEO and co-founder of Blockstream, said:
“Liquid's Confidential Transactions, which rely on homomorphic encryption, are designed to keep transaction details confidential while protecting the network's integrity and security. Nym's decision to become a Liquid functionary underscores our shared commitment to enhancing privacy within the Bitcoin layer-2 ecosystem”
Harry Halpin, CEO of Nym Technologies, expressed excitement about Nym's closer collaboration with Liquid and Blockstream following years of diligent development.
Notably, the partnership coincides with the impending fourth Bitcoin halving event, which would reduce block rewards to 3.25 BTC.
Nym se spojil s Aleo a Leo Wallet v rámci strategického partnerství, aby rozšířily digitální soukromí prostřednictvím mixnetu a technologie zero-knowledge. Uživatelé Aleo i Leo Wallet získají v rané fázi alfa testování přístup k NymVPN.
Nym, a pioneering privacy-centric mixnet protocol, is joining forces with Aleo, a top-tier privacy-focused blockchain platform, in a strategic alliance backed by Leo Wallet. Leo Wallet, a renowned cryptocurrency wallet native to the Aleo network, is a trusted name in secure wallet infrastructure. The newly formed collaboration harnesses Aleo’s zero-knowledge Layer-1 blockchain technology and combines it with Nym’s Layer-0 mixnet protocol.
Aleo’s blockchain empowers developers to create scalable, full-stack applications with built-in security features. By integrating Nym’s mixnet and NymVPN’s decentralized privacy solutions, users will benefit from enhanced privacy and security across their online interactions, encompassing both TCP/IP communications and on-chain transactions.
Central to this partnership, Leo Wallet will act as a crucial integration layer. It will enable users to easily opt into mixnet privacy through a simple toggle switch within its user interface. Leo Wallet’s integration will streamline the connection to the Nym mixnet, facilitating a smoother interaction between the Aleo blockchain and Nym’s mixnet. The integration will occur in two phases, beginning with a co-marketing stage where Leo users can test NymVPN, followed by full integration.
A Synergistic Approach to Privacy and Security As part of this collaboration, both Aleo and Leo Wallet users will enjoy early access to the upcoming NymVPN during its alpha testing phase, slated for release early next month. NymVPN offers users a choice between 2-hop dVPN and 5-hop mixnet modes, allowing them to tailor their online transactions and communications for optimal privacy and security.
Harry Halpin, Nym’s co-founder and CEO, expressed his enthusiasm about the partnership, stating, “We are thrilled to collaborate with Aleo and Leo Wallet to advance the cause of digital privacy and empower users with cutting-edge privacy solutions. This partnership underscores our shared commitment to creating a safer, more private online environment for individuals worldwide.”
Aleo’s blockchain platform, which prioritizes scalability, transparency, and confidentiality, perfectly complements Nym VPN’s decentralized privacy solutions. Together, the alliance aims to establish new benchmarks for digital privacy and security.
Alex Pruden, Executive Director of the Aleo Network Foundation, emphasized the significance of the partnership, saying, “We believe that privacy is a fundamental human right, and our partnership with Nym Technologies reaffirms our commitment to protecting user privacy. Combining our zero-knowledge technology with Nym’s mixnet will help to empower individuals with the tools they need to reclaim their digital sovereignty and safeguard their personal data.”
The union of Nym, Aleo, and Leo Wallet represents a pivotal moment in the quest for digital privacy and autonomy. These three companies, with their combined expertise, are set to redefine privacy standards across the digital landscape, empowering users to take control of their online security like never before.
AUTHOR
Mushumir Butt is a seasoned crypto journalist with over three years of experience reporting on the world of blockchain and cryptocurrency. At Blockchain Reporter, he delivers insightful news, in‐depth project reviews, and precise price analysis and predictions. With a strong background in SEO and digital marketing, Mushumir excels at breaking down complex trends into clear, accessible content, ensuring readers stay ahead in the fast‐paced crypto space.
Nym Technologies spustila veřejnou beta verzi NymVPN, kterou označuje za „nejprivátnější VPN na světě“. Služba používá zero-knowledge registraci a přidává síťový „noise“ proti deanonymizaci.
Nym Technologies, the company behind privacy protocol Nym, is now a step closer to launching NymVPN, which it claims will be the "world's most private VPN."
Nym touts NymVPN's anonymous zero-knowledge proof registration feature—which means not even the app will know who's using it. It's also introducing extra noise at the network level in an effort to combat AI's ability to detect patterns and deanonymize traffic.
It's been a long road to reach the beta phase, said CEO Harry Halpin.
"We are proud to launch NymVPN for public beta testing at Web3 Summit where we first took Nym out of stealth mode in 2019," he said in a release. Halpin gave a demo of the NymVPN at the Web3 Summit on Wednesday morning in Berlin.
Nym was founded in 2017 and has raised more than $100 million from the likes of Andreessen Horowitz, Digital Currency Group, Polychain Capital, Tayssir Capital, and 1kx. It's best known for its mixnet, which uses network nodes to shuffle and recombine details linked to packets of data.
With NymVPN in its open beta phase, anyone can now register to test it. The VPN offers "genuine unlinkability and privacy that wan withstand AI-driven pattern recognition," the company said.
The antidote to AI, which has supercharged the technical ability to de-anonymize metadata, is noise. Nym says its VPN is the first of its kind to generate extra noise as "cover traffic" to help obscure which users are talking to one another.
It's not unlike how Nym's mixnet works, which disaggregates pieces of metadata, like a person’s IP address or the recipient of a message, and mixes it with other metadata. The resulting packets of encrypted data combine the IP addresses, time, date, and location of many different people’s metadata.
The mixnet is most effective when many node operators participate, breaking apart and remixing packets of metadata. Otherwise it’s like trying to hide in a crowd of only a couple of people. But generating noise at the network level bypasses the problem of needing to scale before there's enough activity to keep all users private.
"The result is a “noisy” communication pattern, effectively preventing network observers from determining who is speaking to whom," Nym said.
Nym is also promising that its VPN won't know who's using it because of its zero-knowledge proof registration. Its zk-nyms will allow users to verify and manage their accounts without ever having to reveal their identity.
"This technology ensures that even the platform itself has no knowledge of who is using the service," according to Nym.
And rather than choosing to sacrifice speed for increased anonymity or vice versa, Nym said its VPN puts that decision in the hands of its users. The VPN's fast mode will obscure the user's IP address and route the traffic through two independent servers.
But the anonymous mode will route traffic through five servers, add "noise," and use novel onion encryption—similar to the technology used by The Onion Router (TOR). "This mode offers unparalleled privacy by making it extremely difficult for any observer to trace your online activities. It is optimal for highly sensitive traffic which is latency insensitive," the company said.
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Nym oznámil partnerství s Celestií, v jehož rámci vytvoří modul U-DAS pro anonymní Data Availability Sampling. Cílem je omezit exploity selektivního zveřejňování a posílit škálovatelnost i integritu sítě.
Nym, a top routing platform for Web3, has announced its latest partnership with Celestia, a modular blockchain using Data Availability Sampling. The partnership targets to advance the scalability and integrity of the modular blockchains with the integration of “noise obfuscation”. This will benefit the data availability modules of Celestia through Nym Network. The platform took to social media to reveal this endeavor.
Nym Collaborates with Celestia to Enhance Blockchain Scalability Nym mentioned that collaboration with Celestia focuses on utilizing “noise obfuscation” feature for Celestia. In this respect, the data availability modules of Celstia can leverage this functionality through Nym. Celestia reportedly permits anyone to develop their separate blockchain with the use of its exclusive modular structure. It offers a matchless flexibility and scalability.
The platform has also created a L0 network for secure routing via the “Noise Generating Mixnet” project. Nym’s NGM can offer an anonymization layer to enable data retrieval, consensus, and queries. This reportedly ensures that the querying entity stays uncensored. In addition to this, any wallet, application, or blockchain can integrate Nym to secure traffic in transfer.
Celestia mainly endeavors to enhance blockchain scaling while retaining the chain security. For the improvement of its DAS’s integrity, Celestia has reportedly outlined a unique security improvement. This enables it to prevent a likely selective disclosure exploit. This could take place when the verification procedure gets manipulated by a malicious node.
In such a case, the node selectively replies to the given queries while holding back the block data. Though this hazard is at current theoretical, protecting DAS in each situation is required as Celestia chains perform efficient scaling.
Leveraging U-DAS Module to Prevent Selective Disclosure Exploits Aiming at Requesters According to Nym, its partnership with Celestia reflects a crucial landmark in the venture toward improving the blockchain security and scalability. As included in this development, Nym will create an Unlinkable Data Availability Sampling module. This will unlink the request from the requesting party through the Nym NGM. This will prevent selective disclosure exploits targeting requesters. Hence, with the latest U-DAS module, Celestia’s network participants will get the capability to sample as well as verify the sections of the data. They can do this without lacking chain integrity.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
Nym spustil zero-knowledge platební systém pro NymVPN a trvalý program zpětného odkupu NYM. Platby ve fiat měnách i Bitcoinu se budou převádět do nákupů NYM.
Privacy-centric firm Nym, backed by a16z and other investors, has launched its zero-knowledge powered payment system and introduced a perpetual token buyback model.
The decentralized technology provider’s DePIN payments system and token buyback are now live for public testing. Specifically, NymVPN, first introduced in November 2023, will launch commercially on March 13, 2025.
Ahead of the public rollout, users will have the opportunity to battle-test the payment mechanism,, the NymVPN team said in an announcement.
When it goes live, subscribers will be able to pay in fiat such as euros and dollars, or in Bitcoin (BTC). The project also supports payments with the native NYM token. Nym will convert all fiat and crypto payments for NymVPN subscription to the native token NYM, with the perpetual buyback set to create a “flywheel” reflecting market demand.
“The launch of NYM activated the supply-side of privacy and created a network of over a thousand nodes. Today we are activating the demand side, allowing ordinary users to pay in fiat and Bitcoin for NymVPN. Their payment is then converted to NYM token buy-orders to keep the network running,” the Nym CEO added.
With global need for privacy solutions and VPN adoption on the rise amid increased security and censorship, Nym’s layer-0 network offers both the anonymity and safety users need. Meanwhile, buyback means subscriptions will help create consistent buy pressure for the NYM token.
NYM, which launched in 2022, is a token designed to reward the Nym ecosystem’s mixnet node operators. According to Harry Halpin, chief executive officer of Nym, the token is key to the project’s goal of delivering a privacy-focused decentralized network.
The launch of the DePIN payment system and the NYM token repurchases brings the project’s crypto-economics “full circle.” It allows NYM’s use in tokenization and in rewards, providing further incentive for the community.
“Just like everyone should enjoy clean water and electricity, people deserve secure and private communication,” Jaya Brekke, chief strategy officer at Nym, said. “This is not speculative, but a growing real world need. And with the launch of the perpetual buyback mechanism, the token can shift out of a speculative promise to instead signal such real world demand.”
Dash byl integrován jako platební možnost pro NymVPN, takže uživatelé mohou za své soukromí platit soukromě. Společnosti zdůrazňují rychlé, levné a vůči cenzuře odolné transakce.
Dash, the digital-cash network that began life as Darkcoin, has been integrated as a payment option for NymVPN. It is a move that stitches together two long-standing projects in the privacy space and gives users a way to “pay for privacy with privacy.”
The integration lets NymVPN subscribers pay using Dash, which the companies say delivers fast, low-cost and censorship-resistant transactions. NymVPN, endorsed publicly by Edward Snowden, offers a two-tier service: a “Fast” WireGuard-based 2-hop VPN for everyday browsing and streaming, and an “Anonymous” 5-hop mixnet mode designed to protect metadata from sophisticated surveillance, including AI-driven analysis.
“By integrating Dash, we’re giving our users the ability to pay for privacy with privacy,” said Joël Valenzuela, core member of Dash DAO. “This partnership bridges a crucial gap in the privacy tech stack: you can now keep your identity safe when connecting to the internet and when paying for that protection.”
Why it Matters One of the thorniest problems in online privacy is that buying privacy services often leaves a payment trail. Traditional payment rails expose names, billing addresses and other identifiers; many public blockchain payments also create transaction histories that can be analyzed or correlated. The Dash–Nym tie-up aims to close that gap by combining Dash’s optional privacy features and instant settlement with Nym’s metadata-resistant network.
“This collaboration with Dash strengthens our mission to offer privacy across different kinds of financial transactions,” said Nym’s CEO, Harry Halpin. “With Dash payments that offer a degree of privacy beyond most cryptocurrencies, our users can access NymVPN’s metadata-resistant mixnet, further shielding their transactions from mass surveillance.”
Dash is built for speed and low fees, attributes that make it practical for subscription payments. Launched in 2014 as Darkcoin, it was among the early cryptocurrencies to pioneer protocol-level privacy options and remains one of the few privacy-capable coins listed on major exchanges. Nym’s offering, by contrast, focuses on network-level protections: its mixnet adds hops and covers traffic to obscure who is talking to whom, and, the company says, to blunt the kind of large-scale metadata analysis increasingly powered by machine learning.
Taken together, Dash handles the payment leg without revealing identifiable financial rails, while NymVPN masks the communications leg. That combination, both projects argue, creates a fuller privacy posture for users who want to avoid leaving an identifiable trail either when they connect to the internet or when they pay for the protection.
A Blueprint, Not Just a Feature Beyond the immediate convenience of a new payment option, Dash and Nym frame the integration as a broader blueprint for privacy tooling. Secure communications and private transactions are working together rather than in isolation. While payment censorship and surveillance pressures grow, the partnership points to interoperable privacy primitives as a practical defense.
The integration also marks a homecoming of sorts for Dash: a return to the currency’s privacy roots while emphasizing usability and low-cost everyday payments. These are the attributes the project says make Dash suitable both for ordinary purchases and for privacy-critical use cases.
NymVPN users will now see Dash among the available subscription payment methods. The companies highlight the attributes that make Dash attractive for this role: near-instant finality, low transaction costs, and optional privacy features that reduce the amount of traceable payment data.
NymVPN subscribers, meanwhile, can choose the mode that best fits their needs: the speedy WireGuard option for regular use, or the 5-hop mixnet for situations requiring stronger metadata protection. Overall, the Dash-Nym partnership is being pitched as a practical, consumer-facing answer: bringing together private payments and private communications into a single, seamless experience.
AUTHOR
Mushumir Butt is a seasoned crypto journalist with over three years of experience reporting on the world of blockchain and cryptocurrency. At Blockchain Reporter, he delivers insightful news, in‐depth project reviews, and precise price analysis and predictions. With a strong background in SEO and digital marketing, Mushumir excels at breaking down complex trends into clear, accessible content, ensuring readers stay ahead in the fast‐paced crypto space.
CLARITY Act je na legislativním kalendáři Senátu a plné hlasování v Senátu může přijít kdykoli. Pokud projde, XRP získá trvalý federální status komodity.
Quick Answer: XRP is trading at $1.17 on June 18, 2026, down 2.52% as the post-FOMC selloff continues. The defining XRP news this week is legislative: the CLARITY Act cleared the Senate Banking Committee 15-9 in May and has been placed on the Senate floor legislative calendar on June 1 — meaning a full Senate vote can happen at any time. Polymarket prices 2026 passage at 72%. If the bill passes before the July 4 target set by the White House, XRP’s digital commodity status becomes permanent federal law — a classification that no future administration can reverse with a memo. Standard Chartered and JPMorgan both project $4–8 billion in XRP ETF inflows under that scenario, three to six times the $1.44 billion accumulated to date. XRP exchange reserves have fallen to a 7-year low of 1.6 billion tokens. Whale wallets holding 10M+ XRP now control 68.5% of circulating supply — the highest concentration since May 2018.
Key Takeaways
CLARITY Act is on the Senate floor legislative calendar — a full Senate vote can now happen at any time, with the White House targeting July 4 signing The bill cleared Senate Banking Committee 15-9 in May, with all 13 Republicans voting yes after Sen. John Kennedy committed his support — the bipartisan vote was cleaner than feared XRP exchange reserves at a 7-year low of 1.6 billion tokens — 50% below the October 2025 peak of 3.76 billion, compressing available sell-side liquidity to multi-year lows RLUSD reached $1.7B market cap, ranking as the 8th-largest stablecoin globally — Mastercard added RLUSD to its 24/7 settlement network on June 3; Ripple is pursuing a Federal Reserve master account Post-FOMC pressure is the dominant short-term headwind: hawkish dot plot (9 Fed members projecting hike) outweighs XRP-specific positives in the near term — but the structural setup has rarely been this clean XRP Price Today: $1.17, Absorbing FOMC Hawkishness XRP is at $1.17 on June 18, down 2.52% with a market cap of $73.02 billion and 24-hour volume of $1.91 billion — up 14%. Of the 100 billion maximum supply, 62.05 billion circulate across 535,830 holders. Fully diluted valuation is $117.68 billion.
Today’s move is entirely macro-driven. Yesterday’s FOMC dot plot — 9 of 18 members projecting a rate hike by year-end, PCE revised to 3.6% — reset rate expectations across all risk assets. XRP is not immune to that. But what separates XRP from most assets in the current environment is the independence of its primary catalyst: the CLARITY Act moves on legislative, not monetary, logic.
The SEC case against Ripple concluded in August 2025 with a joint dismissal of appeals, confirming XRP is not a security when sold on public exchanges. Ripple paid a reduced $50 million penalty with $75 million returned as part of the settlement. Both the SEC and CFTC currently view XRP as a digital commodity, but that classification has not been written into law. An executive agency classification can be reversed by the next administration with a memo. A statute cannot. The CLARITY Act changes that permanently.
Key levels:
Resistance: $1.20 (psychological), then $1.28–$1.30 (June 15 high) Support: $1.10 (critical), then $1.00 (psychological floor) The CLARITY Act: Where It Stands Right Now The CLARITY Act was officially added to the Senate legislative calendar on June 1, after clearing the Senate Banking Committee. The next step is a full Senate vote, after which it will be sent to President Trump for signing.
The CLARITY Act passed the House 294 to 134 and cleared the Senate Banking Committee 15 to 9. The Senate floor vote is the decisive gate. The bill needs 60 votes to clear the filibuster — meaning at least 7 Democrats must cross over. The committee vote passed 15-9 with some bipartisan support, which is the baseline Democrats need to replicate on the floor.
Why 60 votes matters: The Senate has 53 Republicans. A 60-vote threshold requires 7 Democrats. The senators to watch are Warner and Cortez Masto — those votes are the hardest part of getting to 60. The Reed stablecoin amendment that nearly derailed the committee markup was defeated, keeping the bipartisan compromise language intact — a positive signal for floor vote prospects.
Prediction markets have priced 2026 signing odds around 72%. The White House has set a July 4 signing target. Senate floor time between now and July 4 is limited — the bill needs to be scheduled and voted before the Independence Day recess.
What passage does for XRP specifically: A clear commodity classification removes listing hesitancy. Exchanges that stayed cautious during the legal fight could deepen XRP support, tightening spreads and improving liquidity. Institutions need regulatory certainty before allocating. Clear rules strengthen the case for more XRP ETF products and larger inflows, building on the spot ETFs already live.
The Supply Story: Exchange Reserves at 7-Year Lows XRP exchange reserves fell to a 7-year low of 1.6 billion tokens this year, a 50% drop from October 2025’s 3.76 billion peak, compressing sell-side liquidity to multi-year lows.
This is one of the most consequential structural developments for XRP’s price setup. When exchange reserves fall this sharply, the coins leaving exchanges are going to private custody — not being sold. The implication: the supply available for large sell orders on exchanges is structurally thinner than at any point in seven years.
The number of wallets holding 10,000 or more XRP has hit an all-time high of 332,230. The millionaire tier — wallets holding over one million XRP — added 42 new addresses since January and accumulated 1.2 billion tokens in Q1 alone, the heaviest quarterly accumulation since 2023. Mega whale wallets holding 10 million or more XRP now control approximately 45.83 billion tokens, representing 68.5% of circulating supply — the highest concentration since May 2018.
The mechanism: when 68.5% of supply is controlled by conviction holders who are actively accumulating, and exchange reserves are at 7-year lows, even moderate institutional buying pressure produces outsized price moves. The float is thin. The buyers are patient. The catalyst — CLARITY Act — is binary and approaching.
RLUSD and ODL: The Utility Case Strengthening Independently While the CLARITY Act is the legislative catalyst, Ripple’s on-chain infrastructure has been strengthening independently in June 2026.
RLUSD has grown to approximately $1.7 billion in market cap, ranking as the eighth-largest stablecoin globally and live across more than 40 networks. On June 3, Mastercard added RLUSD to its 24/7 on-chain settlement network alongside USDC and PYUSD.
Ripple is also pursuing a Federal Reserve master account, a process currently paused until end of 2026. A Fed master account would allow Ripple to settle transactions directly with the Federal Reserve’s payment system — removing commercial bank intermediaries and dramatically reducing the cost of ODL corridor transactions. It is potentially the most significant operational milestone in Ripple’s history, but it is a 2027 story at the earliest.
Ripple, JPMorgan, Mastercard, and Ondo Finance completed a live cross-border tokenized US Treasury settlement on the XRP Ledger that finalized in under five seconds. This is not speculative — it is a completed transaction by the largest financial institutions in the world, settling real assets on Ripple’s infrastructure. The XRPL’s real-world asset capabilities are being validated in production, not just theory.
Price Scenarios: What CLARITY Act Means in Dollar Terms From around $1.17 where XRP trades now, the key scenarios are: a failed Senate vote points back toward the $0.80–$1.00 range; passage near the recess supports a re-rating to $1.60–$2.20; and passage plus renewed ETF inflows and a softer Fed opens up the $2.50–$3.50 price range.
Standard Chartered projected $4 billion to $8 billion in cumulative XRP ETF inflows by year-end if the bill passes. With flows of such volume, XRP would most likely break the current resistance, retest its 200-day moving average at $1.80, and have the runway to push toward higher targets like $3–5 by late 2026.
The bear case: If Tim Scott doesn’t schedule the markup before Memorial Day recess on May 21, or if the markup happens but Republicans can’t unify the committee vote, the bill will most likely be shelved until 2030. That deadline has now passed — the committee vote cleared 15-9. The next hard deadline is the July 4 recess. If the Senate floor vote does not happen before July 4, the next viable legislative window is after the November 2026 midterms.
For context on the current macro environment affecting all crypto assets, see our daily market update for June 18.
ETF Flows: $1.44 Billion, UBS and Bank of America Positioned US spot XRP ETFs have accumulated $1.44 billion in cumulative net inflows since their November 2025 launch across seven products. May 2026 was the strongest single month with $132 million. UBS and Bank of America took first-time XRP ETF stakes in May — the first tier-1 global banks to allocate directly to XRP products. Goldman Sachs allocated $154 million in Q1 2026.
Some of that CLARITY Act move may already be in the price, because the market has watched this bill advance for months. So the real question is not whether clarity helps XRP, but how much of the waiting money actually moves once the bill is law, and how much already has.
The honest assessment: the ETF bid is real and growing. The question of how much is already priced is legitimate. What is not priced is the pension fund and sovereign wealth fund allocation tier — those institutional buyers legally cannot allocate under agency guidance. They need a statute. The CLARITY Act is that statute.
Track real-time XRP ETF flows at SoSoValue.
Where to Buy XRP Binance — world’s largest exchange by volume, deep XRP/USDT liquidity, RLUSD trading pairs available.
Coinbase — US-regulated, XRP available for spot purchase with insured custody.
Kraken — established 2011, competitive XRP fees and strong security record.
This article does not constitute financial advice. Cryptocurrency markets are volatile. Always conduct independent research before making investment decisions.
Alchemy Pay a HTF Securities získaly od SFC rozšíření licence typu 1 pro obchodování s virtuálními aktivy v Hongkongu. Typ 4 je hotový a typ 9 je stále v procesu.
TLDR: Alchemy Pay and HTF Securities secured an SFC Type 1 license upgrade covering virtual asset dealing services in Hong Kong. The SFC Type 1 and Type 4 license upgrades are complete, while the Type 9 asset management upgrade remains in progress. Alchemy Pay plans to launch its own stablecoin and develop the Alchemy Chain stablecoin-based ecosystem in Hong Kong. Alchemy Pay holds over 15 active licenses globally, spanning the US, Australia, South Korea, Europe, and Southeast Asia. Alchemy Pay and HTF Securities Limited have completed a major regulatory milestone in Hong Kong. The Hong Kong Securities and Futures Commission approved an upgrade of HTF Securities’ Type 1 license.
The extension now covers virtual asset dealing services for both professional and retail investors. This follows a previously completed Type 4 license upgrade. The Type 9 license upgrade is still in progress.
HTF Securities Advances Its Full-Spectrum Licensing Portfolio The SFC Type 1 license covers dealing in securities within Hong Kong’s regulated financial market. Its upgrade adds virtual asset dealing to HTF Securities’ approved scope of services.
HTF Securities Limited, with Central Entity No. BNO909, operates under direct SFC regulation. Alchemy Pay made a strategic investment in the firm to advance its Hong Kong presence.
The SFC’s Type 1, 4, and 9 licenses form a core trio for comprehensive financial services. They cover securities trading, investment advisory, and asset management activities respectively.
Together, they represent one of the broadest regulatory permission sets available in Hong Kong. The SFC also allows holders of these licenses to apply for virtual asset business extensions.
Alchemy Pay confirmed the progress of its licensing efforts following the announcement, stating: “We have completed the Type 1 & Type 4 license upgrade, while the Type 9 license upgrade is still in process.” The company views this as part of a phased approach to building a full regulatory framework in Hong Kong.
🇭🇰 #AlchemyPay, together with SFC-licensed HTF Securities Limited, is pleased to announce the successful uplift of SFC Type 1 license to include virtual asset trading services.
With this upgrade secured, we have completed the Type 1 & Type 4 license upgrade, while the Type 9… pic.twitter.com/j7WoU17M0n
— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) March 26, 2026
Alchemy Pay and HTF Securities had already secured the Type 4 (Advising on Securities) upgrade earlier. Both parties are now pursuing a further application for the Type 9 license upgrade.
This upgrade would extend virtual asset services into the asset management category. The application is currently being reviewed by the SFC.
With the Type 1 and Type 4 upgrades now in place, Alchemy Pay strengthens its regulatory standing. The company has positioned itself as a bridge between traditional finance and digital assets.
These licenses allow it to serve a wider base of investors across the region. Each regulatory step builds greater trust with both institutional and retail participants.
Stablecoin Strategy and Global Compliance Drive Further Growth The license achievement also supports Alchemy Pay’s planned stablecoin initiatives in Hong Kong. The company is working toward launching its own stablecoin in the near term.
It is also developing the Alchemy Chain stablecoin-based ecosystem as part of this plan. These efforts align with Hong Kong’s active push to regulate digital assets and stablecoins.
In addressing its long-term direction, Alchemy Pay stated that it “remains committed to building the bridge between traditional finance and digital assets in Asia’s leading financial hub.”
The company added that it is focused on strengthening its roots in Hong Kong as the regulatory environment continues to evolve.
Globally, Alchemy Pay holds 15 Money Transmitter Licenses across the United States. The company also carries a Digital Currency Exchange Provider registration in Australia.
It holds an Electronic Financial Business registration in South Korea as well. Additional licenses cover key markets across Europe and Southeast Asia.
The Hong Kong milestone supports Alchemy Pay’s broader goal of enabling fiat-to-crypto conversions worldwide. These services target key financial markets where regulatory clarity is advancing.
The company’s compliance record now spans more than 15 active jurisdictions. Its long-term strategy centers on expanding payment services across Asia and other emerging markets.
Alchemy Pay bylo přijato do nového Mastercard Crypto Partner Programu, který propojuje blockchainové inovace s kartovými platebními sítěmi. Tím posiluje své vazby s Mastercard a rozšiřuje své kryptoměnové platby.
Alchemy Pay, a Singapore-based fiat-to-crypto payment gateway, has been admitted to Mastercard’s newly launched Crypto Partner Program, a global initiative designed to align on-chain innovation with established card-payment rails.
The Mastercard Crypto Partner Program, announced on March 11, brings together more than 85 crypto-native companies, payments providers, and financial institutions. According to Mastercard, the initiative aims to create a shared framework for collaboration as enterprise use cases such as cross-border settlement, payouts, and business-to-business money transfers continue to mature.
“Digital assets are entering a new phase,” Mastercard said in its announcement. “What once ran in parallel to existing financial systems is increasingly being applied to solve practical, real-world needs, often behind the scenes.”
Building on Existing Infrastructure Alchemy Pay’s inclusion deepens an existing relationship with Mastercard. The company was previously added to Mastercard’s Site Data Protection (SDP) Compliant Registered Service Provider List, placing it alongside global names such as Amazon, Google, and J.P. Morgan. Each company on the list is required to comply with Mastercard’s rules and data-security standards.
“Our inclusion in the Mastercard SDP Program demonstrates our commitment to operating within the bounds of regulatory frameworks,” Robert McCracken, Alchemy Pay’s Ecosystem Lead, said at the time. “Ultimately, though, it’s the consumer that benefits from seamless access to blockchain finance via global payment standards like Mastercard.”
Alchemy Pay currently supports fiat-to-crypto transactions across more than 173 countries using over 50 fiat currencies. Its product suite includes on-ramp and off-ramp solutions, an NFT checkout feature, and a white-label crypto card program that operates on both Visa and Mastercard networks. The company holds regulatory licenses in key markets, including the United States, Canada, and the United Kingdom.
Broader Industry Alignment The Crypto Partner Program builds on Mastercard’s earlier blockchain engagement through its Start Path accelerator and Engage platform, which includes a dedicated Crypto Card track.
Raj Dhamodharan, Mastercard’s Executive Vice President for Digital Asset Blockchain Products and Partnerships, said the focus is on translating technical innovation into scalable, compliant use cases that can operate across markets and integrate into everyday commerce.
For Alchemy Pay, the program arrives at a pivotal moment. The company recently launched the Alchemy Chain mainnet, a stablecoin-focused Layer 1 blockchain designed to support merchant payments, remittances, and cross-border settlements.
The mainnet launch, which completed Phase 4 of Alchemy Pay’s five-phase roadmap, was built with frameworks including Europe’s Markets in Crypto-Assets (MiCA) regulation, PSD2 payment standards, and Hong Kong’s evolving stablecoin rules in mind.
The company’s native token, ACH, will serve as the network’s gas-fee token and support validator participation and ecosystem incentives. Alchemy Pay’s participation in the Mastercard program positions the company to deepen its institutional relationships as the payments industry continues to explore blockchain-based settlement alongside traditional card infrastructure.
Canonical bridge World Chain vzrostl za sedm dní o 32,87 % na zhruba 602 mil. USD a WLD přidal 33,6 %. On-chain DeFi TVL ale zůstává jen kolem 39,7 mil. USD.
World Chain's canonical-bridge TVL climbed 32.87% over seven days to about $602M, with WLD tracking the move at +33.6%. The growth concentrates in Re7 Labs vaults on Morpho Blue, while the chain's on-chain DeFi TVL remains near $40M.
Total value locked in the canonical bridge of World Chain, the Optimism Stack rollup operated by Worldcoin's Tools for Humanity, climbed 32.87% over seven days to about $602M, according to a DefiLlama snapshot earlier this morning. The token tracked the move, with WLD up over 50% in the same window.
The bridge holds assets locked on Ethereum that mirror across to the L2, and at $605 million, it’s the chain's deepest pool of collateral. Re7 Labs, the risk curator running the most active lending vaults on the chain, now sits at $32.69M deployed on World Chain, about 35% of its $92M cross-chain book. Morpho Blue is the lending venue underneath those vaults. The growth puts World Chain among the fastest-moving names in the lower tier of the L2 ranking on a percent basis, even as Base, Arbitrum and Optimism still dwarf it in absolute scale.
Bridge InflowTwo World Chain TVL figures circulate, and they describe different things. The bridge TVL counts Ethereum-side assets locked to enable use on the L2, currently around $605M. The on-chain DeFi TVL counts assets sitting inside protocols deployed on World Chain itself, which DefiLlama puts at roughly $39.7M today.
The 33% move belongs to the bridge. The on-chain figure is up sharply too on a percent basis, with chain TVL history showing a 2,567% climb from $1.5M in October 2024, but it remains a thin slice of the bridged base.
Bridge inflow shows that holders are committing capital to the L2 environment, while on-chain leverage and DEX volume are expanding more slowly. Most of the bridged stack sits idle from a DeFi-yield perspective. The active deployment is concentrated in Re7 Labs vaults and a handful of Morpho markets.
WLD Price Worldcoin's token is up 52% over the past seven days to about $0.67, with a $2.3B billion market cap and a $6.7 billion fully diluted valuation, per CoinGecko. The 30-day chart shows a 189% gain, a sharper recovery than the chain TVL alone would imply. WLD remains roughly 94% below its March 2024 peak of $11.74.
The token's recovery sequence has tracked a series of operational milestones at Tools for Humanity rather than a single trigger. Arthur Hayes exited his WLD position on June 6, days after his Maelstrom fund had publicly pitched the asset as a liquid AI-IPO trade.
World App 3 and Orb 2Tools for Humanity rolled out World App 3.0 at its Unwrapped event last December, pitching the wallet as a super-app that bundles encrypted messaging, mini-apps from Polymarket and Kalshi, and stablecoin support across USDC, EURC and several LatAm currency tokens. The verification base now sits near 7M humans across roughly 35 countries and 2,000 Orb locations, up from about 6M earlier this year.
The smaller Orb 2 hardware, unveiled by the company in April, is the operational lever Tools for Humanity is leaning on for US expansion. The company has flagged a 7,500-Orb target for the country and a manufacturing run of more than 50,000 devices per year. Partnerships with Tinder, Zoom and Docusign for human verification, announced earlier this spring, route consumer traffic into the World ID stack outside the wallet itself.
Regulatory pressure has not easedThe privacy disputes that defined Worldcoin's launch period remain mostly unresolved. Kenya's High Court declared Tools for Humanity's operations illegal in May 2025 and ordered a seven-day biometric data purge under Justice Aburili. Brazil's ANPD blanket ban issued in January 2025 has not been lifted; the regulator threatened fines of about $8,800 per day if operations resumed. Germany's BayLDA delivered a GDPR deletion order in December 2024. Spain's AEPD ban from March 2024 is still in force.
None of those jurisdictions show up in the verification footprint Tools for Humanity now markets. The company's public posture has been to describe the disputes as resolvable through compliance redesigns. Regulators have largely not agreed in writing.
What sustains the inflow trendThe L2 sits at 43rd by chain TVL on DefiLlama, behind Algorand and ahead of Vaulta. The bridge ranking puts it well inside the top tier of canonical-bridge balances among OP Stack chains. Whether the seven-day move marks a durable shift or another cycle peak depends on whether the deployed on-chain TVL catches up to the bridged base, or whether the bridge balance retraces toward where on-chain activity currently sits.
The two interpretations split cleanly on the read. If bridged capital becomes deployed capital, World Chain joins the working L2 group on more than nominal terms. If bridged capital sits idle and the WLD rally fades, the move logs as a positioning event tied to the broader Worldcoin recovery narrative rather than a structural step.
Robinhood přidal Worldcoin (WLD) na svou platformu 23. června 2026, ale token během 24 hodin spadl téměř o 15 % na zhruba 0,53 USD. Trh zároveň tíží obvinění z manipulace ceny a Arthur Hayes svou pozici ve WLD dříve v červnu zcela zlikvidoval.
Key Takeaways Robinhood added Worldcoin (WLD) to its trading platform on June 23, 2026 The token plummeted nearly 15% within 24 hours, hovering near $0.53 Reports surface alleging Sam Altman’s involvement in schemes to manipulate WLD’s market value Arthur Hayes, BitMEX co-founder, liquidated his complete WLD position earlier this month A reduction in token unlock velocity is scheduled to begin July 24, 2026 On June 23, 2026, Robinhood integrated Worldcoin (WLD) into its cryptocurrency trading suite, as confirmed through an official announcement on X by the popular brokerage platform. This integration was designed to provide the digital asset with access to Robinhood’s extensive retail investor base. However, contrary to expectations, WLD experienced a sharp decline of approximately 15% over the subsequent 24-hour window, settling around the $0.53 mark.
Worldcoin (WLD) Price Market participants had anticipated the listing would generate positive momentum and increased buying activity. Instead, the token encountered significant resistance from traders who appeared hesitant to establish new positions. WLD continues to trade substantially beneath its recent June high of approximately $0.70.
Podcast host Katie Miller brought attention to an investigative report alleging that executives at Orb, a company connected to the Worldcoin network, authorized substantial payments to an overseas organization. According to these claims, the transfers were intended to artificially inflate WLD’s market valuation. These accusations have intensified scrutiny on a project already under fire for its controversial biometric identification framework.
Adding to the negative momentum, BitMEX co-founder Arthur Hayes revealed earlier in June that he had completely divested his WLD position. His departure from the token further dampened market sentiment and contributed to investor uncertainty.
Supply Dynamics and Unlock Schedule Worldcoin has announced plans to decrease its token unlock velocity beginning July 24, 2026. Reduced unlock rates limit the speed at which fresh tokens flow into the circulating supply. Such modifications have traditionally helped alleviate downward price pressure in cryptocurrency markets.
Nevertheless, market participants seem more preoccupied with the ongoing controversy than the forthcoming supply adjustment. Current trading patterns indicate that concerns over the project’s reputation are overshadowing any potential benefits from improved tokenomics.
Critical Support and Resistance Zones Analyzing the daily timeframe, WLD has retreated to the 61.8% Fibonacci retracement zone around $0.53 following its inability to maintain support above $0.60. The MACD indicator has registered a bearish crossover, while its histogram has dipped into negative territory.
Source: TradingView The RSI has similarly declined from elevated levels, signaling diminishing bullish momentum. Should the token break below the $0.53 support level, technical analysts project potential downside targets at $0.48, with further weakness possibly extending toward $0.42.
To neutralize the current bearish outlook, WLD would need to reclaim territory above $0.62.
In related developments, speculation regarding a potential OpenAI initial public offering has maintained focus on projects associated with Sam Altman. However, no substantive connection has been established between OpenAI’s corporate trajectory and Worldcoin’s token structure.
At press time, WLD was changing hands at approximately $0.5577, representing an intraday decline of nearly 12%.
Echos, the artificial intelligence platform for agentic tokens, is shutting down.
On March 27, the AI agent platform, developed by Cosmos based liquid staking platform Stride, notified its community that operations will cease on May 1, 2025.
Echos, which launched in beta in November 2024, cited low adoption as the main reason for its closure. According to a notice posted on X, the experiment failed to gain meaningful traction, reflecting a broader slowdown in the crypto AI agent space.
“Echos was always an experiment. Unfortunately, Echos has seen little adoption. Also, the overall AI agents market has contracted significantly,” the team stated.
Echos is a Stride app built on Celestia, designed as a rollup.
From vision to sunset At launch, the Stride team envisioned Echos’ AI and memecoin focus as a potential disruptor to the future of decentralized finance. The plan was to evolve Echos from an experimental product into a full rollup ecosystem supporting various use cases within Stride’s liquid staking network.
However, a lack of user traction has brought those ambitions to an end.
The Echos team has urged all users to withdraw their funds before the platform shuts down permanently on May 1.
According to Stride, Echos drew inspiration from Terminal of Truths, the AI agent that saw the memecoin Goateus Maximus (GOAT) explode in the summer of 2024. It went on to hit $1 billion in market cap.
Terminal of Truths, a large language model platform backed by Marc Andreessen of Andreessen Horowitz, gained notoriety after shilling the GOAT token on X—an action that sent the memecoin soaring.
Stride’s vision for Echos was to create a similar AI experience, allowing anyone to launch their own Echo using just a crypto wallet and X account.
While Echos failed to go beyond the first phase of its development, the AI agent sector has since seen several notable projects. Some of the top trending ones include Virtuals Protocol, ai16z, Freysa AI and Delysium.
Strategy představila nové perpetuální preferenční akcie Stride (STRD) s fixním dividendovým výnosem 10 % a chce tak získat kapitál na nákup dalších bitcoinů. Ohlasy jsou smíšené, část komunity mluví o „Ponzi vibes“.
On June 3, 2025, Strategy (formerly known as MicroStrategy) introduced a new perpetual called Stride (STRD). The stock will allow investors to get a 10% yield from Bitcoin without buying it directly, while Strategy will get cash to buy more Bitcoin. The new stock received a mixed reception from the crypto community.
What is Stride? Following the release of Strife and Strike, Strategy introduced a new preferred stock offering, Series A Preferred Stock Stride (STRD). Stride is a 10% noncallable non-cumulative perpetual. Its fixed dividend of 10% is above Strike’s 8% dividend, but has a lower seniority if compared to Strife, which has a 10% dividend too.
Stride is a significant addition to Strategy’s so-called three-piston Bitcoin engine, conceived of common stock MSTR and two other preferred stocks, Strike (STRK) and Strife (STRF). This engine was supposed to ensure maximizing Strategy’s profits by playing with Bitcoin’s scarcity and volatility. Seemingly, Strategy found a way to improve this engine by supplementing it with a fourth element.
Stride is fee-free and has a higher yield than most ETFs. This makes it attractive for long-term investors. Stride may be repurchased if the fundamental change takes place or for taxes-related purposes. STRD dividends are discretionary and are paid when the Strategy board makes a declaration.
What are the concerns? The new stock offering was perceived as proof of Strategy’s troubled state by some on the Crypto Twitter. Critics believe that the company is running out of cash and trying to find a way to make quick money.
More than that, CEO and co-founder of CoinBureau, Nic Puckrin, took to X to ask questions regarding the Stride offering. He is interested in the origin of the funds needed to pay dividends, assumes that the new perpetual may dilute common stock if the latter is used to fund STRD, and asks if there is a risk that Strategy will have to sell Bitcoin if the equity is not sold. On top of that, while not saying “Ponzi Scheme,” Puckrin questioned whether it is a good idea to pay current investors with funds taken from future investors. A Bitcoin enthusiast, Shanaka Anslem Perera, responding to these questions via an X post, claimed the offering has clear Ponzi vibes.
The $4.22 billion net loss admitted by Strategy in the first quarter of 2025 only fuels skepticism. If Strategy dumps MSTR stock to fund dividends for STRD investors, it creates tension within the Bitcoin engine and potentially hurts MSTR stock investors.
Why do some say Stride is a genius move? At a current Bitcoin price of over $100,000, Strategy’s $8+ billion debt is not considered a problem. According to Goldman Sachs, investors will stop investing in Strategy only if, by 2027, the BTC price declines by half. That’s why there are many optimistic comments from people who don’t see Stride stock offering as a sign of the inability of Strategy to gain cash for purchasing more Bitcoin or pay off its debt.
Adam Livingston, MSTR investor and author of The Bitcoin Age and The Great Harvest, posted a series of tweets explaining the genius behind the new stock. However, it’s notable how he emphasizes how good the move is for Michael Saylor, co-founder and chairman of Strategy. Livingston puts it that way:
“Saylor gets cheap capital, no dilution, optional payments, and can nuke it whenever he wants.”
Livingston claims that yield serves as a disguise for Bitcoin accumulation. He points out that Strategy will not be obliged to pay dividends if things are getting out of hand and argues that STRD doesn’t dilute the float.
According to him, the new stock is not for bitcoiners, but rather for people who feel reluctant to own Bitcoin but want to yield on BTC. Institutional allocators and pension funds may find STRD interesting, too.
Livingston outlines that STRD offering is a 10% yield for the more TradFi people, while the Bitcoin veterans will rather see it as cheap capital to reduce the market supply. Earlier, Livingstone claimed that Strategy is rewriting Bitcoin’s scarcity, creating a synthetic halving. Although these financial equilibristics raise questions about Bitcoin’s decentralization and the original anti-Wallet Street ethos, it seems that from Michael Saylor’s standpoint, Strategy just cemented its status even better.
The world’s largest corporate Bitcoin (BTC) holder is announcing a new stock offering worth hundreds of millions of dollars as a means of accumulating more of the crypto king.
In a new press release, Strategy, formerly known as MicroStrategy, is announcing the stock offering of 11.764 million shares of its 10% Series A Perpetual Stride Preferred Stock (STRD Stock) for $85.00 per share.
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Strategy estimates that it will acquire about $980 million from the offering, which may give investors quarterly dividends, and intends to use the money for miscellaneous corporate expenses and to acquire more of the top crypto asset by market cap.
Preferred stock offerings, which offer investors higher and more consistent returns as well as stability, are a way for companies to raise funds without weakening their voting rights.
Strategy – which was co-founded by former chief executive and longtime BTC maxi Michael Saylor – currently holds 580,955 Bitcoin worth just over $60.5 billion at time of writing, coming in at an average cost basis of $40,680 per token, according to data from BTC tracking website BitcoinTreasuries.
The data also shows that Strategy currently holds about 2.7% of Bitcoin’s total supply.
Last month, Saylor announced that Strategy doubled the amount of capital it wants to accumulate to purchase more of the flagship digital asset from $42 billion to $84 billion.
Bitcoin is trading for $104,540 at time of writing, a 2.1% rise during the last 24 hours.
Strategy po téměř tříměsíční sérii zastavila nákupy bitcoinu a oznámila sales agreement pro ATM nabídku svých Series A Perpetual Stride Preferred Stock (STRD) až za 4,2 miliardy USD, kterou chce obnovit akumulaci BTC. Firma drží 597 325 BTC.
Strategy announced on Monday that it entered a $4.2 billion at-the-market (ATM) offering for its Series A Perpetual Stride Preferred Stock (STRD) after breaking its three-month Bitcoin (BTC) accumulation streak last week. This comes at a time when spot BTC demand has dropped despite increasing treasury allocations and continued BTC exchange-traded funds (ETF) inflows.
Strategy paused its nearly three-month Bitcoin buying streak, which began on April 14, as the firm did not announce any new acquisition last week, according to a Monday filing with the SEC. During this period, Strategy purchased over 69,000 BTC for nearly $7 billion, boosting its holdings to 597,325 BTC, valued at over $65 billion. This accounts for more than 2.8% of Bitcoin's total supply of 21 million BTC.
The firm also revealed it entered a sales agreement to issue up to $4.2 billion of its STRD stock, which it intends to use to resume its Bitcoin purchases.
Strategy's newly disclosed acquisition plan comes as Bitcoin ETFs continued their inflow run last week, netting $790 million, according to a report from CoinShares on Monday. However, the figure declined from the prior three weeks' average of $1.5 billion, potentially signaling a slowdown in demand as BTC edged closer to its all-time high price, the report states.
Despite steady Bitcoin ETF inflows and strong buying from treasury companies, spot demand for Bitcoin has slowed in recent weeks. The decline can be traced to a slowdown in market sentiment, keeping BTC caught between bullish speculation and short-term uncertainty, according to Shawn Young, Chief Analyst at crypto exchange MEXC.
"This market dynamics is weighing heavily on market sentiment," Young said in a note, highlighting macroeconomic instability as a major cause for the volatility. He predicts that the upcoming Crypto Week could serve as a catalyst for renewed demand in Bitcoin and potentially trigger a push toward new highs. "Market participants would seek a favorable market vantage position in anticipation of the new policy direction for digital assets," he added.
QCP analysts highlighted that strategic weekend accumulation by firms such as Metaplanet has helped sustain Bitcoin's price despite fears triggered by the sudden activity of eight previously dormant wallets that transferred roughly $8.5 billion worth of BTC on Saturday. However, they anticipate a bullish Q3 based on dynamics from the BTC options market.
"Volumes remain pinned near historical lows, but a decisive breach of the $110k resistance could spark a renewed volatility bid. Some larger players appear to be positioning for just that," wrote QCP analysts. "They are continuing to add exposure to September $130k calls, while steadfastly holding September $115/$140k call spreads, underscoring a structurally bullish Q3 outlook."
Bitcoin is changing hands just above $108,000, down nearly 1% over the past 24 hours at the time of publication.
Strategy uvedla nové preferenční akcie Stretch (STRC) s roční dividendou 9 % vyplácenou měsíčně. Při finančních potížích budou nejdřív vyplaceni věřitelé, pak držitelé preferenčních akcií a až nakonec akcionáři MSTR.
On Jul. 21, 2025, Strategy offered yet another perpetual preferred stock. It’s called Stretch. It was introduced less than two months after the launch of another Strategy’s perpetual, Stride. Two other perpetuals are Strike and Strife, launched in January and March, respectively. It’s important to realize how different these stocks are and what their differences are from Strategy’s common stock, MSTR.
Summary
Stretch is the latest of the four preferred stocks issued by Strategy this year It is the first Strategy stock with monthly dividend payouts In the event of a financial shakedown in Strategy, payouts will be sent to bondholders first, then to preferred stockholders, and finally to the common stock (MSTR) owners Stretch, Stride, Strike, and Strife are the preferred stocks launched to facilitate Strategy’s long-term Bitcoin acquisition. The company has ambitious plans to gather $84 billion in two years. Dare bets aim to impress potential investors and attract more capital while creating additional burdens, as the company should pay dividends to the holders of preferred shares.
Preferred stocks usually don’t grant holders voting rights or limit them. Preferred stocks give holders a share in the company and the right to earn from the company’s capital. These stocks are reminiscent of bonds as owners get dividends for the shares held. More than that, in the event of bankruptcy of the company, holders of preferred stock are paid before common stockholders. However, its bondholders have a top priority in such situations.
While some of the investors met the new asset with interest, others saw it as “a stretch.” Critics consider Strategy shares to be risky. The company needs to keep the dividend payments in a precise and timely manner. The more preferred shares the company offers to raise money, the more dividends it must pay. It increases the pressure on its balance sheets that tightly depend on the Bitcoin price.
STRC is a USD pegged security that offers a high yield, backed by the BTC held by MicroStrategy
If you haven't realized yet, this is very similar to when Anchor protocol offered 20% yield on Terra Luna's UST
Steady lads, deploying more ATM sales https://t.co/zoAqlkQsmx
— Pledditor (@Pledditor) July 22, 2025 Stretch Initially, Strategy offered $500 million worth of Stretch (STRC) on Jul. 21, 2025. On Jul. 25, the offering was elevated to $2.5 billion. The company offered around 28 million STRC shares. Timing of the Stretch launch indirectly confirms it as on Jul. 29. Strategy bought 21,021 BTC, spending a whopping $2.46 billion on it.
The new Series A Stretch perpetual stock offers adjustable 9% annual dividend payouts. Dividends are paid once every month. It makes STRC unique as dividends for the rest of the preferred shares are paid out quarterly. The company is adjusting the stock price, aiming to keep the stock’s price around $100. Other features include the at-the-market issuance (meaning that Strategy can always sell more STRC, diluting the asset) and the call option feature.
Stride Stride (STRD) was offered on June 3. Unlike Stretch, Stride is a noncallable perpetual stock. It has an annual 10% dividend paid once in a quarter. Just like STRC and STRK, Stride has an ATM program, and Strategy can always sell more STRD shares.
Just like Stretch these days, the emergence of Stride was met ambiguously as critics were warning about the possibility that Strategy may have to sell its Bitcoin holdings to pay dividends to its shareholders. Some even claimed STRD has “Ponzi vibes” as money raised through MSTR sales may be used to pay dividends to the holders of the preferred stock.
Strike Strike (STRK) was the first of Strategy’s preferred perpetuals with 8% annual dividend payouts. The offering took place in early January 2025 when the company offered 2.5 million STRK shares. Strike shares are convertible. Investors may convert them to Strategy’s common stock, MSTR, at a 10:1 ratio whenever they wish.
Strife In March 2025, Strategy started selling 8.5 million Strife shares (STRF). STRF shares grant holders 10% annual dividends paid quarterly. The dividend payment may rise, reaching up to 18%. As Strife has no ATM program, Strategy cannot release more STRF shares to the market.
MSTR common stock MSTR common stock appeared long before the Bitcoin pivot of MicroStrategy and even before the creation of Bitcoin itself. The company sold 36 million MSTR back in 1998. MSTR stockholders are partial owners of Strategy.
Vanguard Group Inc., Capital International Investors, and BlackRock Inc. are the biggest holders of MSTR common stock. They hold between five and 7.8 percent of MSTR.
Who gets compensated first? In the event that Strategy is facing financial problems and has to sell its Bitcoin reserves, the first people to get payments will be Strategy’s bondholders. Then, the payouts will hit the pockets of the preferred stockholders. The seniority of these stocks determines the priority among them. The first ones will be Strife holders, then Stretch holders, Strike holders, and finally Stride holders. The last in line will be MSTR holders. MSTR may have the biggest correlation with BTC prices, but the holders risk more than the holders of the preferred stock.
Oversimplified. But if MSTR doesn’t take action when the price hits that range, it could cause serious issues.
— Ki Young Ju (@ki_young_ju) December 17, 2024 While Strategy is using a sophisticated system to protect its assets if the BTC price volatility increases, there is a risk that, as soon as weaker Bitcoin treasuries start to go bankrupt, it may cause panic that will end up harming Strategy investors’ well-being as well, so it’s always important to get prepared for possible turbulence beforehand.
Solana Foundation spouští nové bezpečnostní programy pro DeFi po útoku na Drift Protocol, při němž bylo odcizeno 270 milionů dolarů. Stride a SIRN mají zlepšit audity, monitoring i rychlou reakci na incidenty.
The Solana Foundation has unveiled a series of new initiatives aimed at strengthening the security of decentralized finance (DeFi) platforms running on its network. These efforts come in the wake of a recent major cyberattack on the Drift Protocol, attributed to a North Korea-linked group, which resulted in the theft of $270 million. The incidents have highlighted the urgent need for more robust safeguards across the ecosystem.
Comprehensive audits with Stride and SIRNAt the heart of the Foundation’s efforts is the newly launched Stride program, which is managed by Asymmetric Research. Stride will subject DeFi protocols on Solana to assessments across eight core security domains, with the findings to be made publicly available. Alongside Stride, the Foundation has established the Solana Incident Response Network (SIRN)—a members-only group composed of security specialists designed for real-time crisis intervention. Together, these initiatives seek to increase transparency and provide rapid response capabilities across the Solana DeFi landscape.
The necessity for such measures became evident following the Drift attack, which exposed several security shortfalls. However, investigations have clarified that the breach did not directly compromise smart contracts or audited code. Instead, the attackers focused on human vulnerabilities, infiltrating the system through malicious software and social engineering tactics targeting project team members over a six-month period.
For protocols with more than $10 million in total value locked (TVL) that successfully meet the Stride assessment criteria, ongoing operational cybersecurity monitoring will be provided. The level of monitoring and support will be tailored based on the individual risk profiles of each protocol, reflecting both their asset size and security needs.
Formal verification and operational supportIn the case of protocols managing over $100 million in TVL, the Foundation will lend support for formal verification processes. This advanced method systematically checks all potential smart contract operations using mathematical models, with the aim of ensuring code correctness and reliability before deployment. Such rigorous verification provides added confidence in the underlying smart contracts that form the backbone of leading DeFi protocols.
The founding members of the Stride program include not only Asymmetric Research, but also security firms OtterSec, Neodyme, Squads, and ZeroShadow. The SIRN network, meanwhile, is open to participation from any project within the Solana ecosystem. Nevertheless, in terms of resource allocation, priority will be given to protocols with higher value locked to help mitigate the risk to the most critical infrastructure.
Despite the advanced nature of formal verification, experts caution that it would not have detected the recent attack attributed to North Korean hackers. The breach allowed attackers to access administrative privileges via compromised devices belonging to team members, enabling them to authorize malicious transactions. This type of infiltration typically falls outside the scope of traditional monitoring mechanisms.
On another front, SIRN is expected to significantly improve response times to future incidents. Blockchain security researcher ZachXBT emphasized that Circle Internet, the issuer of the USDC stablecoin, faced criticism for waiting over six hours before freezing more than $230 million in stolen assets following the Drift incident, suggesting the need for swifter action during emergencies.
The Solana Foundation highlighted that these new programs are not meant to shift primary security responsibilities away from protocol teams, who remain accountable for their own safeguards. To bolster these efforts, a suite of free security tools has been developed for Solana developers, assisting them in threat detection and conducting attack simulations to stay proactive in a rapidly evolving threat landscape.
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.
In recent months, Compound Finance has become one of the most popular lending platforms in the entire cryptoeconomy. Can it become the most popular?
To be sure, it remains to be seen if Compound will one day unseat Dai builders Maker atop the DeFi ecosystem, even if temporarily. Still, the project’s builders have recently been taking steps to make the “money lego” platform better and its users’ happier. That’s certainly a start.
For example, one of the bigger threads in Compound’s march toward maturity hit the limelight this week as attention gathered around its fresh audit. Specifically, the smart contract specialists at the OpenZeppelin project just published an audit on some of the Compound platform’s most important smart contracts.
⚠️ Here we present a summary of the @compoundfinance audit, including:
– System overview
– Privileged Roles and Future Direction
– Interest-free loans
– Counterproductive incentives
– Full audit reporthttps://t.co/OsGE6w3gnT
— OpenZeppelin (@OpenZeppelin) August 28, 2019
The good news? OpenZeppelin didn’t find any code issues that it deemed to be “critical.” But the auditors did find a series of lesser serious issues that helped the Ethereum community understand the fledgling Compound platform better.
Among these issues, one problem highlighted was that there are currently admin keys that could be used to compromise some of Compound’s tech.
Custodial Compound contracts pose a risk of *unsecured debt*
> cTokens used as collateral remain in the borrower's wallet but are non-transferable
> Admin could allow transfer of collateral cTokens… essentially enabling Compound debt to be undercollateralized https://t.co/jHzlwZgvQe
— Eva Beylin (@evabeylin) August 27, 2019
In response, Compound co-founder Robert Leshner later noted that the platform intended to evolve toward total decentralization.
“Absolutely; the FAQ […] and whitepaper […] are both very transparent about how the admin privileges work, and our goal to decentralize away from having an admin at all,” Leshner said on August 27th.
Love ’em or hate ’em, Compound opening up their contracts for everyone to pick apart only works in their favor in the long run.
New Assets Being Voted In Like other cryptocurrency platforms, Compound only supports a select number of cryptocurrencies. But that number is about to get bigger.
That’s because Compound has opened up a voting period for its users to decide which digital assets they want to see on the platform next. The projects currently up for consideration include Maker, Tether, Decentraland, Huobi Token, Loom Network, Numeraire, OmiseGo, Paxos, and TrueUSD.
Voting has begun to select the next two Compound protocol assets!
????️ Make your selection: https://t.co/En6tOQffeo
???? Learn more: https://t.co/9uAeCVgcAD
⏱️ Voting is open for two weeks!
— Compound Labs (@compoundfinance) August 28, 2019
“Voting will last for 14 days, after which the 2 winning tokens will be added to the protocol following the creation of cToken integration contracts, successful security audits, and a determination of suitability,” the aforementioned Leshner said.
The Berlin Bump and Beyond Berlin Blockchain Week was earlier this month, and one of its events — ETHBerlin Zwei — saw no shortage of Hackathon projects built atop Compound. That gave the platform a tangible bump in usage.
According to tracker website DeFi Pulse, Compound has been steadily gaining on Maker’s DeFi dominance as of late. Of course, Maker still dominates more than 50 percent of the DeFi ecosystem, but Maker’s slice of the pie has been slowly declining as Compound has gained more attention.
2/ The total supply of DAI in the market has lowered around $14M in the last 90d thanks in part to CDPs moving to Compound and tools like @InstaDApp's Bridge. And so, the stability fee is starting to lower as a result. [TVL charts included for reference. Note difference in scale] pic.twitter.com/sckUjnPvL3
— DeFi Pulse (@defipulse) August 30, 2019
It’s not that one is more impressive than the other, rather that both are at the top of DeFi right now and Compound is notably gaining steam. With that said, Maker and Compound are far from enemies as the DeFi Pulse team has explained:
“For the time being, they appear to have a symbiotic relationship. Maker prints the DAI, Compound creates more demand for DAI in the market.”
Dharma Pivots to Compound On August 29th, Dharma — a top 10 DeFi project at present — announced that it was relaunching its cryptocurrency services upon having phased out its initial offering.
The twist? Dharma’s new services will rely on Compound’s liquidity pools. In moving away from crypto lending, the project’s first offering after the relaunch will be a savings product.
“Working with Compound allows Dharma to focus on the parts of the business which they do best, which in my view include design, product, and user experience, and instead outsource part of the stack,” Autonomous Partners founder and Dharma investor Arianna Simpson said on the news.
William M. Peaster
William M. Peaster is a professional writer and editor who specializes in the Ethereum, Dai, and Bitcoin beats in the cryptoeconomy. He's appeared in Blockonomi, Binance Academy, Bitsonline, and more. He enjoys tracking smart contracts, DAOs, dApps, and the Lightning Network. He's learning Solidity, too! Contact him on Telegram at @wmpeaster
Coinbase, Kraken, Bittrex, Circle a další spustily Crypto Rating Council, který bude hodnotit kryptoprojekty podle toho, zda mohou být podle amerického práva považovány za cenné papíry. Bitcoin dostal nejnižší skóre 1, zatímco XRP 4.
Some of the most popular companies in the cryptoeconomy have banded together to create an organization that will assess and rate top cryptocurrency projects on the likelihood of these projects being securities per U.S. federal securities laws.
That organization, the Crypto Rating Council (CRC), counts exchange operators like Bittrex, Coinbase, Kraken, and Poloniex-backers Circle among its first members, as well as the firms of Anchorage, DRW Cumberland, Genesis, and Grayscale Investments.
So why the need for such a body?
The so-called Howey Test, which is a test devised by the U.S. Supreme Court to determine if a given asset is a security, commonly leads to “judgment calls, inconsistent results, and … disagreement among legal experts,” the CRC said on the Frequently Asked Questions section of its new website.
Accordingly, the organization’s rating system — which runs from 1 to 5, with 5 indicating an asset bears the hallmarks of a security and 1 meaning the opposite — is being hailed by members as a “compliance tool” that will help bring consistency to their respective asset review processes.
Founded by prominent companies across the crypto industry, our mission is to lead crypto financial services firms committed to practical compliance with the U.S. securities laws. We are the Crypto Rating Council, and we launched today: https://t.co/FbdwfSZN9D
— Crypto Rating Council (@CRC_Crypto) September 30, 2019
“The CRC will publish a simple rating for most assets it reviews to indicate the results of its analysis as a reference for operators, developers, and the public,” the organization said.
With that said, the ratings are utterly non-binding and have been made without involvement from the U.S. Securities and Exchange Commission (SEC). So, while clarity is the professed goal, the only thing the CRC has ultimately made more clear is what its members think about the legal status of top cryptocurrencies in America.
“The score does not reflect a legal conclusion and is no indication of qualitative value of an asset or suitability for investment or any other purpose,” the CRC said of its ratings.
How the First Scores Look Don’t expect any surprises when it comes to bitcoin (BTC). The oldest cryptocurrency, which has long been held up by various stakeholders as a standard for decentralized projects, received a 1 rating from the CRC.
Other projects the body deemed to have “few or no characteristics consistent with treatment as a security” included DeFi’s darling Dai stablecoin, the popular Monero (XMR) privacy cryptocurrency, and Litecoin (LTC).
The 2 rating was given to the next rung of projects that the CRC deemed to seem mostly decentralized according to its framework. These projects included Ethereum (ETH), Zcash (ZEC), Numeraire (NMR), ChainLink (LINK), and the fledgling proof-of-stake project Algorand (ALGO).
Getting on up there according to the group were projects like Augur (3.75), EOS (3.75), Stellar (3.75), Tezos (3.75), and XRP (4). The highest inaugural scores were given to Polymath (4.5) and Maker (4.5).
Notably, the SEC announced just hours after these ratings were released that Block.one, the team behind the EOS launch, had settled charges and would pay a $24 million civil penalty for its year-long ICO being an unregistered security offering.
The Commission said the securities status only applied to the “IOU” ERC20 token that was issued during the sale rather than the current EOS cryptocurrency, which lives on EOS now rather than Ethereum.
Are Exchanges Listing Securities? One question that immediately started buzzing through the ecosystem on the heels of the announcement of the CRC was why would exchanges like Coinbase take chances on assets like XRP that appear to bear considerable resemblances to a security in the U.S.?
One possibility is that the group’s members consider “security status is binary,” according to Jake Chervinsky, the General Counsel of DeFi lending project Compound Finance. In other words, anything less than a 5 rating would be fair game accordingly.
My best guess: they'd say security status is binary and as a matter of law it doesn't make a difference how close a token comes to being a security if it's ultimately not one.
On that logic, though, query the value of publishing the five-point score in the first place.
— Jake Chervinsky (@jchervinsky) September 30, 2019
But even if the already rated cryptocurrencies later end up being cleared as “not securities” per the SEC, the CRC rating system can lead to future conflicts of interest, e.g. member exchanges being charitable in their ratings because they stand to gain from trade volume.
In my opinion, this rating system creates a massive conflict of interest. All of the companies that joined this consortium are massively incentivized to rate the vast majority of tokens as non-securities. Coinbase listed some very questionable tokens including XRP, Tezos, EOS
— Larry Cermak (@lawmaster) September 30, 2019
But there’s a silver lining here, according to Blockchain chief executive officer and president Marco Santori. In a Twitter thread on the CRC announcement, Santori said the effort was suspect in some ways but was also a positive attempt at self-regulation in an industry that needs more regulatory clarity in general.
8/ So why on earth would they publish this? Why on earth should we applaud their effort?
Well, actually we should.
As an industry, this stuff is basically the best we've got.
THAT'S RIGHT ITS A TWIST
wait hear me out.
— Marco Santori (@msantoriESQ) September 30, 2019
William M. Peaster
William M. Peaster is a professional writer and editor who specializes in the Ethereum, Dai, and Bitcoin beats in the cryptoeconomy. He's appeared in Blockonomi, Binance Academy, Bitsonline, and more. He enjoys tracking smart contracts, DAOs, dApps, and the Lightning Network. He's learning Solidity, too! Contact him on Telegram at @wmpeaster
Numerai oznámila plán zpětného odkupu NMR z otevřeného trhu za 1 milion USD. Firma zároveň uvedla, že za rok více než zdvojnásobila AUM z přibližně 173 milionů USD na více než 441 milionů USD.
Crowdsourced hedge fund announces strategic token buyback as Meta Model leads amid AUM growth. Numerai, the decentralized hedge fund powered by crowdsourced machine learning, today announced plans to buy back $1 million of its token, Numeraire (NMR), from the open market.
The buyback reflects Numerai’s continued investment in its staking ecosystem, a mechanism that aligns thousands of global data scientists with the long-term performance of its hedge fund.
Over the past year, Numerai has more than doubled its AUM (assets under management), growing from approximately $173 million to over $441 million.
The fund now trades more than $1 billion per month across over 30 global markets, relying on machine learning models crowdsourced from a global network of data scientists who stake NMR on their predictions.
Each week, thousands of data scientists submit predictions to Numerai’s tournament and stake NMR on their models’ performance.
These stakes encourage aligned, high-quality contributions to the hedge fund, and it’s working.
Numerai’s stake-weighted Meta Model, an ensemble of user models weighted by their NMR staked, has consistently outperformed individual models, reinforcing Numerai’s incentive-aligned approach to collective intelligence.
Richard Craib, founder and CEO of Numerai, said,
“The success of our stake-weighted Meta Model speaks for itself – it’s outperformed every individual model over the past year.
“As our AUM grows and top institutional allocators join us, the role of NMR has never been more critical.”
But as Numerai’s ecosystem has matured, NMR has become scarce.
With a fixed supply capped at 11 million, and roughly three million NMR remaining in Numerai’s treasury, the company has limited capacity to continue distributing staking rewards at historical levels.
The company says the buyback will help underscore its long-term commitment to its participants and maintain economic stability.
The buyback will be executed gradually to ensure transparency.
Orders will be placed at or near prevailing bid prices, allowing the program to unfold gradually over time.
The full explanation behind the buyback can be found on Numerai’s newly launched blog.
About Numerai Founded in 2015, Numerai is a San Francisco-based hedge fund that crowdsources stock market predictions to solve the hardest problem in finance.
The fund is powered by thousands of data scientists globally who can stake NMR on their models and contribute to a crowdsourced Meta Model used in live trading.
NMR po oznámení, že JPMorgan Asset Management do projektu vloží 500 milionů USD, za 24 hodin vzrostl o více než 100 % na zhruba 23 USD. AI tokeny zároveň přidaly 5,8 % a jejich tržní hodnota dosáhla 29,4 miliardy USD.
In brief AI tokens climbed nearly 6% in 24 hours, lifting their market value to $29.4 billion. Numerai crowdsources trading signals, rewarding data scientists with NMR tokens. JPMorgan’s potential stake underscores a growing interest in AI-crypto funds. The token for Numerai, a crypto hedge fund that uses artificial intelligence, led a surge in AI-focused digital assets on Wednesday after JP Morgan Asset Management said it was committing $500 million to the project.
NMR was up more than 100% over the past 24 hours to trade near $23, according to crypto markets data provider CoinGecko.
The AI-token sector rose 5.8% in 24 hours, reaching a total market cap of $29.4 billion, according to CoinGecko. The rally came even after Nvidia, whose hardware underpins much of the artificial intelligence boom, reported weaker-than-expected second-quarter earnings.
Among the 24-hour gainers, Near Protocol (NEAR) climbed 1.5%, the token of the Artificial Superintelligence Alliance (FET) added 1.3%, and Internet Computer (ICP) rose 1%.
Founded in 2015, Numerai crowdsources market forecasts from data scientists, rewarding top models with its NMR token. It began with an encrypted online tournament where participants competed to predict stock prices.
In hedge fund terms, “capacity” means an investor has locked in the option to allocate a set amount of money to a fund, ensuring access even if the fund later limits new investments. It signals a reserved allocation, not an immediate transfer of funds. Numerai has attracted high-profile early backers over the years, including Paul Tudor Jones, Naval Ravikant, and Renaissance Technologies co-founder Howard Morgan.
The Numerai deal marks another pivot for JPMorgan, whose CEO Jamie Dimon has long been a vocal crypto skeptic. Dimon once called Bitcoin a “fraud” and likened digital assets to “decentralized Ponzi schemes.”
But Dimon has softened his stance. At a May investor day, Dimon said that while he still doesn’t support Bitcoin personally, JP Morgan would allow clients to buy it. In June, the bank said it was exploring crypto‑backed lending and offering loans backed by clients’ digital‑asset holdings.
JP Morgan Asset Management did not immediately respond to a request for comment by Decrypt.
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Liquity v2 po varování před možným problémem zaznamenalo odlivy přes 17 milionů USD z stability poolů. Tým uvádí, že protokol běží normálně a prostředky jsou v bezpečí.
Decentralized lending protocol Liquity has seen over $17 million in withdrawals after urging users to exit its v2 stability pools due to an ongoing investigation into a potential threat.
According to DefiLlama, an upward of $17 million has left the platform in the past 24 hours. Liquity’s total value locked has dropped, falling from its all-time high of $84.9 million on Feb. 11 to $67.84 million. The outflows primarily impacted the protocol’s stability pools containing wstETH, WETH, and rETH. Liquity v1 has remained unaffected, showing no signs of similar withdrawals.
On Feb. 12, Liquity v2 issued an urgent warning to users, advising them to withdraw funds from its stability pools. Shortly after Liquity’s announcement, Ethereum staking giant Lido also issued a notice advising wstETH holders to remove their assets from Liquity v2’s Stability Pool. Neither Liquity nor Lido disclosed specific details about the underlying threat. The immediate market reaction to these notices led to the ongoing withdrawals.
⚠️ Notice to wstETH Users:
It is recommended to promptly withdraw tokens from Liquity V2 Stability Pool (“Earn”) as a potential issue is being investigated by their team.
For updates, refer to official Liquity channels. https://t.co/2ag6TcwK1q
— Lido (@LidoFinance) February 12, 2025 Liquity’s team has since informed users that the protocol is working as usual and that all funds are safe. They assured investors that key features like withdrawing collateral, redeeming stablecoins, and staking LQTY, were still running smoothly. They also confirmed that BOLD, Liquity’s stablecoin, remained fully backed.
Liquity v2 was launched on Jan. 23 with several new features aimed at improving borrowing and lending. The update made it possible for users to use several assets as collateral. These include stETH, rETH, and WETH. It also introduced a flexible interest rate system where borrowers could set rates between 0.5% and 1,000%. The stability pool was designed to reward users with interest and liquidation profits.
Now that Liquity v2 is under investigation, the platform is facing a major test of user trust. While withdrawals have slowed, the ongoing uncertainty could affect the protocol’s growth. It’s still unclear if the issue has been completely resolved or whether it will lead to more instability. Liquity’s token price was only mildly affected and remains stable for now.
Chainlink rozšířil ekosystém o Zeus Network, Liquity a SHIFT RWA. Zeus přidává zBTC na Solanu, Liquity nasazuje ETH-backed BOLD, který může fungovat nativně napříč řetězci, a SHIFT tokenizuje reálná aktiva.
Chainlink, the leading provider of onchain data and interoperability solutions, welcomed three new projects—Zeus Network, Liquity, and SHIFT RWA—to its ecosystem. These integrations highlight the rising demand for secure, decentralized infrastructure as cross-chain and tokenized asset markets grow.
Zeus Network Brings Bitcoin to Solana Zeus Network, a Bitcoin layer built on Solana, has integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and Proof of Reserve to expand the reach of zBTC, its permissionless Bitcoin-backed asset. This move aims to connect Bitcoin with multiple chains, including Ethereum, Base, and Sonic, while using Chainlink’s infrastructure to ensure zBTC remains fully collateralized.
Through its dApp, APOLLO, Zeus allows users to lock native BTC and mint zBTC on Solana. Unlike centralized wrapped BTC options, zBTC is entirely decentralized. Its reserves are transparently verifiable through ZeusScan, backed by Chainlink's Proof of Reserve—a key step toward full transparency and security in cross-chain asset flows.
By leveraging CCIP, Zeus is looking to make zBTC more mobile across chains. Their long-term ambition is bold: onboard 1% of all Bitcoin onto the Solana ecosystem. The use of Chainlink's infrastructure helps ensure zBTC can move between blockchains while remaining fully backed and independently verifiable.
“Zeus Network’s integration of Chainlink CCIP and Proof of Reserve demonstrates a strong commitment to secure, decentralized cross-chain BTCFi,” said Luke Lim, Head of CCIP Go-To-Market at Chainlink Labs.
Image: Zeus NetworkLiquity V2 Turns to Chainlink CCIP Liquity V2, the Ethereum-native borrowing protocol, has also adopted Chainlink’s CCIP—but with a different mission. It’s rolling out BOLD, a new ETH-backed stablecoin that can operate natively across chains. This is made possible by Chainlink’s Cross-Chain Token (CCT) standard, which allows any token to become interoperable across EVM-compatible networks.
By integrating CCT, BOLD can now bridge across Arbitrum, Base, Ethereum, and Optimism, streamlining access to liquidity and simplifying cross-chain operations. Users no longer need to rely on wrapped assets or third-party bridges. This also enables Liquity to unify the many forks of its protocol scattered across different blockchains.
Security remains central to the Liquity-Chainlink collaboration. Per reports, Liquity selected CCIP after evaluating various solutions due to its strong security track record.
CCIP uses the Chainlink Decentralized Oracle Network (DON), which has secured over $75 billion in DeFi total value locked (TVL) and powered $18 trillion in onchain value transfers since 2022.
It also features the Risk Management Network—a separate verification layer that monitors CCIP activity in real time. This defense-in-depth architecture makes CCIP one of the most secure interoperability protocols on the market, a vital consideration after numerous cross-chain bridge exploits in recent years.
By using CCIP, Liquity V2 ensures BOLD can travel across chains securely, with programmable token transfers that allow smart contracts to take immediate action on the destination chain.
Image: LiquitySHIFT RWA Joins Chainlink BUILD SHIFT RWA, a project focused on bringing real-world assets onchain, has joined Chainlink’s BUILD Program. This will give SHIFT enhanced access to Chainlink’s oracle services, technical support, and ecosystem-wide collaboration—all in exchange for a share of its native token supply distributed to Chainlink service providers and stakers.
SHIFT is building Asset-Referenced Tokens (ARTokens)—MiCAR-compliant digital assets backed by stocks, bonds, and ETFs. These tokens aim to offer 24/7, cost-effective, and transparent access to real-world assets via DeFi platforms. TradFi institutions can use ARTokens to tap into DeFi liquidity without leaving regulatory frameworks behind.
To increase user trust, SHIFT will integrate Chainlink’s Proof of Reserve for its tokenized assets. This ensures that each ARToken is fully backed by corresponding offchain assets and that this backing can be verified onchain at all times. The result is higher transparency and more confidence for both institutions and individual users.
SHIFT’s broader mission is to enable compliant and secure crossovers between Wall Street and decentralized finance.
Image: Shift RWAWhy This Matters for the Future of Web3Chainlink's newest integrations reflect a growing trend: projects are no longer willing to compromise on security or decentralization in the name of convenience. Whether it’s cross-chain Bitcoin (Zeus), stablecoins that work natively across multiple chains (Liquity), or real-world asset tokenization (SHIFT), the need for reliable infrastructure is clear.
Each of these projects uses Chainlink differently:
Zeus brings secure, verifiable Bitcoin to Solana.Liquity turns its stablecoin into a native cross-chain asset.SHIFT ensures real-world assets are always transparently backed.As more ecosystems embrace Chainlink standards, crypto’s fragmented infrastructure begins to unify. That benefits users, builders, and institutions alike—reducing risk, boosting efficiency, and enabling new financial applications across chains and asset types.
Liquity spouští V2 na Ethereu s novým stablecoinem $BOLD a NFT Troves. Zároveň rozjíždí program Friendly Forks, do kterého se už přihlásilo více než 15 týmů.
Liquity V2 is live with its new $BOLD stablecoin, NFT-based Troves, and a “forkonomics” program spawning friendly spinoffs.
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Liquity, the decentralized borrowing protocol, launched its V2 platform on Ethereum this month. The V2 offers new borrowing and earning opportunities and could mark the start of a new era of "friendly forks" in DeFi.
Let's catch you up with a quickstart primer...
What's New?via LiquityWith its minimized governance and its ETH-only collateral policy, Liquity V1 and its $LUSD stablecoin were bastions of decentralization in DeFi.
The goal with the V2 system, then, is to expand upon this solid foundation toward more flexible and more profitable ends.
For starters, V2 supports ETH and popular liquid staking tokens like rETH and wstETH, while its new $BOLD stablecoin—which is always redeemable for $1 of collateral—is the keystone of the protocol's flywheel design.
Here, the wheel starts when users deposit ETH or LSTs as collateral and borrow $BOLD. Unlike V1’s one-time fee, borrowers in V2 set their own ongoing interest rates. Lower rates = higher risk, while higher rates reduce redemption risk.
The ensuing interest payments from borrowers are continuously collected in $BOLD. At this point:
75% of the interest revenue goes to depositors in the Stability Pools, who supply $BOLD to absorb liquidations. Note, depositors also earn from the distribution of collateral seized from these liquidations. 25% of the interest revenue is allocated to liquidity providers on external decentralized exchanges, e.g. Uniswap or Curve, as Protocol Incentivized Liquidity (PIL) for fostering $BOLD liquidity across DeFi.Going back to the Stability Pools, liquidations remove "cheap" debt, forcing up interest rates and increasing yield for Stability Pool depositors. This dynamic boosts demand for $BOLD as access to this yield, which in turn helps stabilize the stablecoin's $1 USD peg.
All that said, the $BOLD idea is to create a positive feedback loop:
Borrowers pay interest → Interest rewards depositors and LPs → More demand for BOLD → Peg stability and liquidity → Attracts more borrowers and depositors, etc. Also, as an NFT aficionado myself, it's worth mentioning that another major change in Liquity V2 is the protocol now represents its borrow positions, a.k.a. Troves, as ERC-721 NFTs similar to how Uniswap V3 LP NFTs work.
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This design wrinkle has paved the way for 1) easy management of multiple Troves within a single wallet, and 2) secondary markets for Liquity's borrow positions on NFT marketplaces, e.g. OpenSea.
What About Friendly Forks?via LiquityLiquity published its V2 codebase under a Business Source License (BUSL).
Anyone can read the contracts, but to deploy a commercial copy before September 2027 you need a license from the Liquity AG team.
Mind you, Liquity V1 was forked over 30 times. But with V2 the builders have leaned in and created a collaborative “Friendly Fork” program.
Accordingly, +15 teams have already signed up to release their own V2-based stablecoins, e.g. Nerite's $USDN on Arbitrum, Felix's $feUSD on HyperLiquid, Beraborrow's $NECT on Berachain, etc.
Liquity calls this model “forkonomics.” Instead of dozens of unaffiliated clones fighting for scraps, the network effect flows both ways:
New apps can tap a next-gen stablecoin design and monetize their chain's native assets without begging USDC to bridge in. $BOLD users can enjoy airdrop-like opportunities for fresh deployments—early yield on Stability Pools plus extra LP rewards when you seed liquidity against the new fork's dollar. As for Liquity itself, this fork system facilitates $BOLD demand and a web of integrations without Liquity proper having to stretch beyond Ethereum. If the experiment works, expect future DeFi heavyweights to adapt this “licensed but aligned” playbook for their own projects.
How to Get Startedvia LiquityRight now, there are three main ways you can interact with Liquity V2: borrowing $BOLD, depositing to the Stability Pools, or staking $LQTY.
Borrowing is a means to acquire $BOLD for depositing into the Stability Pools, while staking $LQTY allows you to 1) earn revenues from the ongoing Liquity V1 protocol, and 2) vote on which external liquidity pools receive the V2 PIL incentives.
However, Liquity doesn't maintain its own V2 frontend for the sake of decentralization, so to dive in you'll have to pick from one of the independent community-run options.
via LiquityI recently wrote about DeFi Saver, and I'm a huge fan of that platform, so I can personally recommend it for Liquity V2 users. It offers the basics, like the ability to create Trove borrow positions and deposit to the Stability Pools, plus more advanced functionalities like automated leverage management, stop losses, simulated positions, and beyond.
You can also stake $LQTY on DeFi Saver (just flick over "Stake" tab in the platform's Liquity V2 hub) to earn V1 fees, but if you want to also vote on V2 PIL incentives, consider using other frontends like liquity.app that offer voting dashboards for stakers.
DAO Rocket Pool schválilo spuštění půjček krytých ETH na Liquity Protocol V2 prostřednictvím BOLD, decentralizovaného stablecoinu krytého rETH. Členové tak mohou získat likviditu bez prodeje ETH.
Rocket Pool’s DAO has approved a proposal to launch part of its payments on Liquity Protocol V2’s BOLD, a decentralized overcollateralized stablecoin backed by rETH.
The launch of this new investment service enables Rocket Pool’s DAO members to access loans using Ethereum as collateral.
This service allows the members to access capital without the need to sell their Ethereum holdings, providing friendly loan conditions and entire control via Liquity Protocol V2’s collateralized debt platform.
Why Is This Decentralized Loan Offering Unique? This program by Rocket Pool is crucial as it offers new investment opportunities for its DAO members who hold Ethereum, enabling them to utilize their virtual tokens for liquidity without having to sell their holdings. This initiative is designed to provide an advanced and seamless approach to the DAO members to manage their investments, offering an option to traditional lending techniques that normally come with strict loan requirements and time-consuming approval procedures.
By providing Ethereum-backed loans, Rocket Pool is not just broadening its offerings but also establishing itself as a visionary decentralized staking protocol that understands the growing demand of the modern market. The integration highlights the rising adoption of crypto assets, offering users multiple alternatives to manage their money in the modern era.
Unlocking Credit for DAO Members This action by Rocket Pool is a strategic move to integrate Ethereum more deeply into the DeFi ecosystem. By enabling its DAO members to leverage their Ethereum holdings as collateral for loans, Rocket Pool is offering a solution that resolves the liquidity demand for Ethereum holders without forcing them to sell their tokens.
This method not only helps members maintain their ETH investments but also offers them flexibility to engage in other financial expansion opportunities. This initiative’s flexible conditions make it appealing for users who are burdened by traditional loans because of borrowing restrictions. Lastly, the entire control provided through Liquity Protocol V2 ensures that customers can manage their loans effectively and seamlessly.
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.
Enosys spustil na Flare první stablecoinové půjčky kryté XRP prostřednictvím Liquity V2. Držitelé XRP mohou razit nadkolateralizované stablecoiny navázané na přibližně 1 USD bez prodeje XRP.
Enosys’ Liquity will enable XRP holders to mint overcollateralized stablecoins on Flare, with mechanisms to ensure the assets maintain values close to $1.
The Web3 software development entity Enosys has introduced a new type of stablecoin loan to the interoperability layer-1 network, Flare. These loans are backed by Ripple’s native cryptocurrency, XRP.
According to a press release sent to CryptoPotato, a Collateralized Debt Position (CDP) protocol will power the loans. It will allow XRP holders to mint overcollateralized stablecoins on Flare.
First XRP-backed Stablecoin Loans on Flare Enosys explained that the XRP holdings will back the stablecoins, ensuring they maintain a value close to $1. Through this approach, XRP holders can access the value of their assets without having to sell them.
The CDP protocol to be deployed on Flare is called Liquity. Enosys claims Liquity is one of the most tried and trusted protocols in the decentralized finance (DeFi) sector. Since its launch in 2021, the network has secured billions of dollars in collateral and kept its stablecoin peg amid extreme market conditions.
One mechanism at the core of Liquity’s success is the protocol’s stability pool. The pool allows users to stake their stablecoins for yield coming from mint fees, liquidation rewards, and interests paid on loans. This mechanism makes sure the protocol can cover outstanding debt in the event of liquidation.
Enosys will release a fork of Liquity V2 on Flare, maintaining the features that made the first version trusted. The only changes made will be upgrades like protocol-incentivized liquidity, capital efficiency, and user-set borrowing rates.
Access to DeFi Yield Opportunities The alliance between Enosys and Flare will affect a select Flare-native tokens for now. They include Flare XRP (FXRP) and Wrapped Flare (wFLR). The companies intend to expand the capabilities to staked XRP (stXRP) soon, allowing Ripple holders to put their assets to work.
You may also like: XRP’s Price Could Explode to $8, But This One Zone Is Holding It Back 5 Reasons Why Bitcoin Just Crashed Below $63K as Liquidations Top $500M XRP’s Biggest Warning Sign Is Still Flashing Despite Easing Whale Activity Users can lock their FXRP on Flare and mint a stablecoin, which can provide liquidity and access to DeFi yield opportunities. While borrowers can set the annual percentage rate (APR) they’re willing to pay, lower rates come with a price. If the stablecoin falls below its $1 peg, loans with the lowest interest rates will be redeemed first.
“This is just the beginning. By bringing a proven model like Liquity V2 to Flare, we’re laying the foundation for stable, decentralized liquidity powered by XRP and enhanced by liquid staking,” the Enosys team stated.
Meanwhile, Enosys Loans will also be utilizing data from the Flare Time Series Oracle (FTSO) to implement decentralized collateral pricing.
Enosys APS Rewards for Liquity V2 Mainnet Users: What You Need to KnowEnosys, the Liquity V2 friendly fork on Flare Network, is allocating 2.75% of their governance and revenue token, APS supply to Liquity V2 Mainnet users. This results in 412.5 APS in total, roughly ~$850,000 of rewards at current prices.
Users will be able to claim starting Jan 21, 2026.
Apsis (APS) is the Enosys ecosystem’s primary governance and rewards token across their CDP and DEX, and is valued at $32m FDV.
Rewards are split into two equal buckets - retro and ongoing, and are based on the Liquity Leaderboard: https://dune.com/liquity/v2-leaderboard
The goal is to reward existing Mainnet depositors, while also incentivizing continued participation across eligible Liquity Mainnet venues. This is not a one-time airdrop. It is a 40-week program with weekly emissions running through the end of Oct 2026.
Based on the current ~$35m eligible TVL, this airdrop alone adds roughly ~3% APR equivalent on top of existing yields.
A reminder - at least 10 more friendly fork airdrops are expected over 2026
Retro bucket (1.375%, ~$425,000)The retro bucket rewards users already on the current Liquity V2 leaderboard (up to 21 Jan 26).
One-time retro claim: 52.5 APS (~$105k) using the current leaderboard snapshot
Leaderboard: https://dune.com/liquity/v2-leaderboardThe remaining portion of the 1.375% retro is then dripped weekly from 1/28 to the same retro cohort (up to Jan 21, 2026). Ongoing bucket (1.375%, ~$425,000)The ongoing bucket rewards fresh activity going forward. This will be based on a Enosys leaderboard that takes into account Mainnet Liquity activity from Jan 21.
Distribution starts 1/28Distributed weekly for the next 40 weeks using an “ongoing” Dune leaderboard based on fresh activity across eligible Liquity Mainnet venues (Stability Pools, liquidity pools, and other tracked venues).Same leaderboard will be used: https://dune.com/liquity/v2-leaderboardWeekly drip (40 weeks total)Each week, 9 APS is emitted in total:
3.85 APS/week to retroactive users (Liquity V2 leaderboard)5.15 APS/week to the users who are actively providing liquidity starting Jan 21, 2026.Total = 9 APS/week (~$18k/week, ~0.06%) each week for 40 weeks.How to claimRewards are claimable only on the Enosys frontend on Flare Network:
https://loans.enosys.global/incentives
BridgingIf you need to bridge to Flare, you can use Stargate at: https://stargate.finance/
What can you do with APS?APS can be utilized in governance staking (https://gov.enosys.global/) to earn a share of all protocol fees aggregated and distributed by the APY Cloud.
APS can also be utilized as liquidity in multiple of their DEX V3 LPs (https://v3.dex.enosys.global/liquidity) to continue earning competitive incentives and fees.
What can you do at Enosys?You can use Enosys to borrow against FXRP or WFLR, mint the Enosys CDP stablecoin, and provide liquidity for it on their Enosys v3 DEX to earn extra rewards.
A reminder - at least 10 more friendly fork airdrops are expected over 2026. Keep providing liquidity across eligible Liquity Mainnet venues to stay on the leaderboards and keep earning weekly rewards.
If you have specific questions on the airdrop, please refer to Enosys's Discord for more information.
SPACE ID a Floki spustily Floki Hub, decentralizovanou identitu pro držitele domén .floki. Uživatelé si v ní mohou vytvořit on-chain profil a decentralizované CV.
SPACE ID and Floki Upgrade Web3 Identity: .floki Domains Become Verified On-Chain Profiles
Tanzeel Akhtar
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Tanzeel Akhtar has been reporting on cryptocurrency and blockchain technology since 2015. Her work has appeared in leading publications including The Wall Street Journal, Bloomberg, CoinDesk, Bitcoin...
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May 8, 2025
In a move to redefine digital identity in the Web3 space, SPACE ID has announced a new partnership with Floki to launch the Floki Hub—a decentralized identity platform powered by the $FLOKI token and the Floki Name Service—according to an X post on May 8.
FlokiHub Is Live – Your Web3 Identity Starts Here
Say hello to FlokiHub, the ultimate decentralized identity platform powered by $FLOKI Name Service and @SpaceIDProtocol.
With FlokiHub, you can:
✅ Create a decentralized profile on your .floki domain
✅ Showcase your wallets,… pic.twitter.com/Ol9fBInLhB
— FLOKI (@RealFlokiInu) May 8, 2025 Web3 domain name service provider SPACE ID, a key player in decentralized identity infrastructure, will provide the underlying technology for this new platform. The new hub will give users full control over their on-chain identity.
The Floki Hub will be made accessible exclusively to holders of .floki domain names, offering them a personalized space to showcase their digital footprint.
This includes wallet addresses, social media profiles, NFTs, and more, all within a censorship-resistant, decentralized environment.
Floki Hub Allows Users to Create a Decentralized ResumeAccording to the firm, one standout feature of the Floki Hub is the ability to create a decentralized resume.
This functionality will serve as a powerful tool for jobseekers, freelancers, and recruiters operating in the blockchain ecosystem, allowing them to verify credentials and reputations on-chain in a transparent, secure manner.
“We’re thrilled to be part of Floki’s exciting new project that will allow users to build and maintain their on-chain reputations within the Floki ecosystem,” said Harrison Seletsky, Director of Business Development at SPACE ID.
“We see this as a novel and viable utility for web3 domains, and we’re honored that Floki has doubled down on SPACE ID for this new venture,” Seletsky added.
Floki Domain Names Compatible With MetaMaskThe .floki domains, which are already integrated with decentralized applications such as MetaMask, Trust Wallet, SafePal, and OKX Wallet, are being transformed into full-fledged Web3 passports.
These identities are not only interoperable across major platforms but also serve as the foundation for users’ digital presence in a decentralized internet, as digital identity remains a key component of the creator economy.
“Partnering with SPACE ID to launch the Floki Name Service and Floki Hub is a natural step in our journey to empower users with true digital ownership. SPACE ID’s infrastructure makes it seamless for us to bring decentralized identity to the mainstream,” said B, Core Advisor at Floki.
Space ID Is a Digital Identity Provider for Story ProtocolIn February, Space ID announced a partnership with blockchain startup Story Protocol to provide identity management solutions.
The partnership saw Space ID integrating its domain name infrastructure into Story Protocol. Human-readable domains like “jane.ip” will serve as blockchain-verified proof of creation, allowing IP owners to authenticate, license, and monetize their work on Story Protocol.
This is a general Binance Exchange Notice. Products and services referred to here may not be available in your region. Fellow Binancians, Binance Margin and Loan will delist and cease trading on all margin trading pairs for the following token(s) at 2026-06-12 03:00 (UTC): XNO (Nano)IQ (IQ)QUICK (QuickSwap)DGB (DigiByte) Please note: The delisting schedule may or may not apply to the products listed below, depending on their association with the token(s) being delisted.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise. Loan At 2026-06-12 03:00 (UTC) Flexible Loan will close all outstanding loan positions for the aforementioned token(s) as loanable token(s) and collateral token(s). VIP Loan will close all outstanding loan positions for the aforementioned token(s) as collateral token(s). Users are strongly advised to repay their outstanding loans before the automatic closure to avoid any potential losses, where applicable. Margin Cross Margin & Isolated Margin Binance Margin will delist the aforementioned token(s) from Cross and Isolated Margin at 2026-06-12 10:00 (UTC) (the “Margin Scheduled Delisting Time”). 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 tokens, these users may only manually transfer up to the amount of liabilities of that token into their margin accounts, less any collateral already available.At 2026-06-09 06:00 (UTC), Binance Margin will suspend borrowings on the aforementioned cross margin token(s) and isolated margin pair(s). At the Margin Scheduled Delisting 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 Delisting 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 delisted will then be fully sold. If the CML is below 2, the remaining tokens in users’ Cross Margin Accounts that are to be delisted 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 delisting token(s)’ liabilities.Please note that users will not be able to update their positions during the delisting 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. Portfolio Margin If the aforementioned token(s) remain in the Portfolio Margin Account after the Margin Scheduled Delisting Time, they will be automatically liquidated. The delisted 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 Margin Scheduled Delisting 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. We thank you for your support as we continue to build the crypto ecosystem in a way that promotes transparency and long-term, sustainable growth. Thank you for your support! Binance Team 2026-06-08
Korejský stablecoin v wonu KRWQ integroval Chainlink Proof of Reserve pro automatické a téměř okamžité ověřování rezerv v poměru 1:1. Jde o první stablecoin v korejském wonu, který tento standard nasadil ve velkém měřítku.
@Krwqcash, the Korean Won-pegged stablecoin developed by @IQ_wiki and @FraxFinance, has officially integrated @Chainlink Proof of Reserve (PoR) to provide automated, real-time verification of its off-chain fiat reserves. The move positions $KRWQ as the first Korean Won stablecoin to adopt this standard at scale, raising the bar for transparency in South Korea's emerging digital currency corridor.
What the Integration Does Chainlink Proof of Reserve connects off-chain reserve data to on-chain systems by fetching information from custodians, verifying it through a decentralized oracle network, and automatically updating smart contracts whenever reserve balances change. For $KRWQ, the integration uses Chainlink Data Streams to deliver continuous 1:1 confirmation that every token in circulation is matched by an equivalent Korean Won held in reserve. Manual attestations and delayed audits no longer meet institutional standards for transparency or timeliness, and Chainlink Proof of Reserve addresses this by providing automated, on-chain verification of a stablecoin's underlying collateral in near real time.
Reserve checks are integrated directly into the token's mint logic, ensuring only collateralized assets enter circulation, while verified reserve data is published on-chain so users and partners can confirm the asset is fully backed in real time. The system also allows protocols to trigger circuit breakers, cap redemptions, or pause minting when reserve thresholds are not met.
Background on KRWQ IQ and Frax announced the launch of $KRWQ as the first fiat-backed stablecoin pegged 1:1 to the South Korean Won, launching on Base, Coinbase's Ethereum Layer 2 network, with IQ describing the move as filling a gap where no won-denominated stablecoin had previously launched at scale. $KRWQ is built on Frax's stablecoin infrastructure, which includes backing from BlackRock's BUIDL fund and Superstate's USTB fund.
The stablecoin provides 24/7 on-chain KRW settlement for remittances, B2B trade, and institutional use, reducing dependence on USD stablecoins and improving cross-border efficiency. $KRWQ operates using LayerZero's Omnichain Fungible Token standard and Stargate bridge, enabling transfers across multiple blockchains with zero slippage.
IQ has stated that KRWQ is designed to be the first fully regulatory-compliant stablecoin in Korea, developed in anticipation of forthcoming stablecoin legislation currently under review in the Korean National Assembly. The Chainlink PoR integration strengthens that compliance positioning by replacing periodic manual audits with continuous, verifiable on-chain proof, setting a new reliability standard for the South Korean digital finance corridor and its broader DeFi distribution.
Sources:
CoinSpeaker: IQ and Frax Launch KRWQ, First Korean Won Stablecoin on Base Network
Chainlink Blog: 5 Ways Chainlink Supercharges Growth for Stablecoin Issuers
The Block: KRWQ Launches as First Korean Won Stablecoin on Base
Tokenizované zlato v 1. čtvrtletí 2026 dosáhlo objemu spotového obchodování 90,70 miliardy USD, přičemž růst táhnou hlavně PAXG a XAUT. Tyto tokeny ale mají odlišná pravidla odkupu, úschovy i práv držitele.
Gold-backed crypto sounds straightforward until you check the redemption rules, custody setup, and issuer terms. In practice, two tokens may track the same ounce of gold while offering very different rights to the holder.
That gap between price exposure and holder rights is drawing more attention in 2026 as tokenized gold trading volume rises and products like Pax Gold (PAXG) and Tether Gold (XAUT) pull in more activity across crypto markets. This guide explains how tokenized gold works, how PAXG and XAUT differ, and what buyers should check before they treat a token like physical bullion.
KEY TAKEAWAYS
➤ Tokenized gold tracks physical bullion, but holder rights, redemption terms, and custody structures can differ sharply between issuers.
➤ Tokenized gold trading volume reached $90.7 billion in Q1 2026, with PAXG and XAUT leading the category’s growth.
➤ Issuer risk, redemption limits, wallet controls, and regional regulations still affect how tokenized gold works in practice.
➤Tokenized gold gives crypto users 24/7 transferability and wallet access, but it does not remove traditional gold-market risks.
In this guide:
What is tokenized gold? How gold-backed crypto works in 2026PAXG vs. XAUT, side by sideDo you own real gold with PAXG and XAUT?Can you redeem PAXG and XAUT for physical gold?Tokenized gold vs. gold ETFs vs physical bullionTokenized gold risks and how to mitigate themHow to buy tokenized gold in 2026Frequently Asked Questions What is tokenized gold? How gold-backed crypto works in 2026 Tokenized gold is a digital token issued on a blockchain that is backed by physical gold stored in audited vaults. Gold has long attracted buyers who want a hard asset outside fiat currencies, but physical settlement, storage, and transfers can be slow or expensive.
This “tokenized” model has brought two markets together that rarely interacted in the past. One is physical gold, which offers a 5,000-year store-of-value record but settles slowly, trades on dealer hours, and is hard to fractionalize. The other is public blockchains, which can settle transactions in seconds, run 24/7, and split assets into tiny units.
A gold-backed token bridges the two by locking real bullion with a custodian and minting transferable claims on it.
What is a troy ounce and London Good Delivery gold?
A troy ounce is the standard unit used in global precious-metals markets and equals about 31.1 grams. “London Good Delivery” refers to large gold bars that meet quality and purity standards accepted by major bullion markets, central banks, and institutional traders.
How tokenization works An issuer such as Paxos or TG Commodities acquires physical gold from refiners or bullion dealers and stores it with a professional custodian. The issuer then creates a matching amount of blockchain-based tokens tied to that gold reserve. Token holders can buy, sell, transfer, or self-custody the assets like other crypto tokens.
When holders redeem tokens through the issuer, the corresponding amount of gold leaves the reserve pool and may be sold, transferred, or delivered physically if redemption minimums are met. Independent attestors or audit firms publish reserve reports on a scheduled basis to verify that the token supply matches the underlying gold holdings.
Why tokenized gold is exploding in 2026 Adoption has accelerated through 2025 and into 2026 as real-world asset (RWA) tokenization moved from pilots to live products. Tokenized gold achieved $90.70 billion in total spot trading volume in Q1 2026, surpassing the $84.64 billion traded throughout 2025, according to CoinGecko’s RWA Report 2026.
Meanwhile, on March 19, 2026, the World Gold Council and Boston Consulting Group proposed a “Gold as a Service” framework designed to standardize custody, reconciliation, compliance, and redemption processes across digital gold products.
Tokenized gold is not a stablecoin. Its price moves with the spot price of gold, so holders gain or lose value as bullion rallies or falls. The “stability” only refers to the 1:1 backing, not a fixed dollar peg.
The combination of rising gold prices, clearer rules in some jurisdictions, and on-chain demand for non-dollar collateral has produced what looks like a structural rather than cyclical lift.
The tokenized gold market includes smaller products such as Kinesis Gold (KAU), Comtech Gold (CGO), VeraOne (VRO), and Matrixdock Gold (XAUM). Even so, market activity and liquidity remain concentrated around Pax Gold (PAXG) and Tether Gold (XAUT), which makes them useful reference points for how large-scale gold-backed tokens currently operate.
Top tokenized gold products by market cap: CoinGecko PAXG vs. XAUT, side by side Pax Gold (PAXG) and Tether Gold (XAUT) together hold roughly nine-tenths of the gold-backed token market. They follow the same backing standard, but their regulator, chain support, audit cadence, redemption process, and US availability are not the same.
AttributePAXGXAUTIssuerPaxos Trust CompanyTG Commodities Limited (Tether)RegulatorOCC, U.S. federal oversight; previously NYDFSCNAD, El SalvadorBacking1 token = 1 troy ounce LBMA Good Delivery1 token = 1 troy ounce LBMA Good DeliveryVault locationBrink’s vaults, LondonSwiss vaults via MKS PAMP and LoomisAuditor and cadenceKPMG LLP, monthlyBDO Italia, quarterly ISAE 3000ChainsEthereum (ERC-20)Ethereum, TRON, Polygon, Solana via LayerZero, BNB ChainIssuance and redemption feeTiered 1% down to 0.125%Flat 0.25%Minimum physical redemption430 tokens for a full bar, 1 gram and up via Alpha Bullion430 tokens for a full bar, no fractional partnerOwnership typeAllocated gold with Paxos bar lookupUndivided gold rights with Tether Gold bar lookupReserve and oracle supportPaxos attestations, allocation lookup, and Chainlink reserve-related infrastructureTether Gold attestations, wallet/bar lookup, and Chainlink XAUT/USD market-data feedsUS retail availabilityListed on Coinbase, Kraken, Gemini, Crypto.comRestricted, not directly available to US retailMarket cap (May 2026)About $2.2 billion per CoinGeckoAbout $2.6 to $2.7 billion per CoinGecko Pax Gold at a glance PAXG launched in September 2019, when Paxos operated under its NYDFS trust-company framework. Paxos later received approval to convert to a national trust charter overseen by the U.S. Office of the Comptroller of the Currency (OCC). Current PAXG terms say PAXG is issued pursuant to specific OCC approval.
Paxos assures that the underlying gold is stored in Brink’s vaults in London, and each PAXG token is linked to a specific serial-numbered gold bar that holders can verify through Paxos’ allocation lookup tool. KPMG took over the monthly attestation in February 2025, replacing WithumSmith+Brown, and the reports are published on the Paxos site.
Tether Gold at a glance XAUT was launched by TG Commodities Limited in January 2020 and is now operated under a license from El Salvador’s National Digital Assets Commission, known by its Spanish initials CNAD.
The bullion is stored in Swiss vaults, with MKS PAMP and Loomis named in TG Commodities’s attestation materials. XAUT launched on Ethereum and TRON before expanding to additional networks through the XAUT0 cross-chain system. Tether later announced Polygon, Solana, and BNB Chain integrations between late 2025 and early 2026.
BDO Italia issues an ISAE 3000 opinion on the reserves on a quarterly basis.
Fees, audits, and oracle data PAXG’s fee structure has changed over time. As of May 2026, Paxos advertises zero on-chain transfer fees and zero storage fees for PAXG, although its terms still reserve the right to impose storage fees in the future with notice. Its terms also govern conversions into USD, unallocated gold, or allocated gold through the Paxos platform.
XAUT says it charges no custodian fee and applies a one-time 25 basis point fee when verified customers purchase or redeem XAU₮ through TG Commodities.
Chainlink has supported reserve-related infrastructure for PAXG, while Chainlink also provides XAUT/USD market-data feeds. A price feed is not the same as a reserve feed. In both cases, users still need to check issuer attestations, custody disclosures, and official lookup tools rather than relying on oracle data alone.
Do you own real gold with PAXG and XAUT? The short answer is that both products describe gold ownership, but the issuer structure, custody chain, legal terms, and redemption process are not the same.
PAXG gives holders ownership rights to allocated London Good Delivery gold held under Paxos custody. XAUT gives holders undivided ownership rights to gold on specified bars, with bar details available through Tether Gold’s lookup system.
The practical question is not only whether gold backs the token, but how each issuer records, verifies, and redeems that claim.
How ownership is recorded PAXG uses an allocated-gold structure. Paxos says each PAXG represents one fine troy ounce of a London Good Delivery gold bar held in professional vaults. Its terms also say that when a holder is not allocated a full bar, the holder owns a pro rata share of that bar based on their PAXG balance. Paxos’ lookup tool lets eligible on-chain holders view bar details tied to their holdings.
XAUT uses a different legal structure. Tether Gold says XAU₮ gives holders undivided ownership rights to gold on specified bars. It also says the allocated gold is identifiable by serial number, purity, and weight through Tether Gold’s lookup system.
So, the cleaner distinction is not “specific bar versus pool.” Both products describe a bar-level link. The real differences come from issuer structure, custodian arrangements, jurisdiction, disclosure cadence, redemption rules, and the legal terms behind each token.
Bankruptcy remoteness and counterparty risk The difference matters most if the issuer fails. Paxos Trust Company is a New York limited-purpose trust company that holds the bullion as a bailee, a structure designed to be bankruptcy remote, meaning the bullion would not be available to general creditors.
TG Commodities is a private Tether subsidiary under El Salvadoran oversight rather than a US trust company, which leaves the holder’s claim subject to El Salvadoran insolvency rules.
As of May 2026, neither structure has faced a major issuer failure or large-scale court test, so the legal outcome in a stress event remains untested.
Insurance and custody disclosures Paxos says each PAXG is backed by one fine troy ounce of gold held in LBMA vaults in London. Its allocation lookup tool lets holders of PAXG in on-chain Ethereum wallets view serial-number and bar information, though the tool does not apply to tokens held through custodial exchanges or wallets. Paxos also publishes monthly PAXG attestation reports.
XAUT’s terms refer to custodian insurance, but the public disclosures do not itemize coverage at the same level of detail. XAUT’s terms refer to custodian insurance, but they also say there is no assurance that the custodian will maintain adequate insurance, or any insurance.
The public terms do not give the same bar-level insurance detail that a cautious buyer may want before they rely on insurance as a risk control. Holders should review the latest issuer terms, reserve reports, and custody disclosures before they treat insurance as meaningful protection.
Allocated ownership is one of the strongest legal protections available in the gold market, but it depends entirely on the custody chain functioning as advertised. Always read the latest attestation rather than relying on marketing language.
Can you redeem PAXG and XAUT for physical gold? Eligible verified holders can redeem both PAXG and XAUT for physical bullion, but the rules are not necessarily retail-friendly in the same way.
PAXG supports direct full-bar redemption through Paxos and smaller physical-gold redemptions through partnered retailers. XAUT redemptions, by contrast, occur through TG Commodities and must be tied to full gold bars.
PAXG redemption Paxos says holders can convert PAXG into USD, unallocated gold, or allocated gold through the Paxos platform, subject to its terms.
Direct allocated-gold redemption requires at least 430 PAXG plus the applicable fee for each London Good Delivery gold bar. Paxos also says customers with smaller holdings can redeem fractional amounts through partnered gold retailers.
Alpha Bullion, a platform tied to Bullion Exchanges and Paxos, says it lets PAXG holders redeem physical gold in sizes from 1 gram to 1 kilogram.
Note that Alpha Bullion requires account verification before order fulfillment. Because product availability, fees, taxes, and delivery terms can change, holders should check Alpha Bullion’s current checkout terms before they treat PAXG as an easy route to small physical-gold delivery.
XAUT redemption XAUT redemption follows a relatively stricter process. Tether Gold says only KYC-verified customers can redeem through the Tether Gold website, and redemptions can occur only for full gold bars. Since those bars usually range from about 385 to 415 fine troy ounces, holders are generally asked to deposit at least 430 XAU₮ to cover a full-bar redemption.
After redemption, the gold can be delivered to the verified customer’s chosen location in Switzerland, with delivery costs payable by the customer. Tether Gold says it does not currently offer delivery outside Switzerland.
Instead of physical delivery, a verified customer may ask Tether Gold to attempt a sale of the gold bar in the Swiss gold market and return the USD proceeds, minus the redemption fee. That sale is subject to available rates and counterparties, and Tether Gold says it has no obligation to repurchase the tokens or gold bars.
How to verify your gold on-chain Both issuers offer on-chain transparency tools. For PAXG, holders enter an Ethereum address into the Paxos lookup page and see the serial numbers of the underlying bars. For XAUT, the Tether site shows the gold attributed to a wallet at a given time.
These tools can help holders check issuer-level allocation data, while Chainlink infrastructure can support market-data or reserve-related checks depending on the token. Users should still treat issuer attestations, custody disclosures, and official lookup tools as the main sources for reserve verification.
That is the redemption side. The next question is how tokenized gold stacks up against the alternatives most investors already know.
Tokenized gold vs. gold ETFs vs physical bullion Tokenized gold is right there in between two long-established options. The table below compares the three on the dimensions that drive most allocation decisions.
AttributeTokenized gold (PAXG, XAUT)Gold ETFs (GLD, IAU, GLDM)Physical bullionCustodyLBMA vault held by issuer custodianLBMA vault held by ETF trusteeSelf-custody or third-party vaultTrading hours24/7/365Stock market hoursDealer hoursAnnual fee0% storage, 0.125% to 1% issuance and redemption0.17% to 0.40% expense ratioDealer spread plus storage and insuranceSettlementSeconds, on-chainT+1Same day at dealerRedemption for physicalYes, with minimumsNo, cash settlement onlyAlready physicalDeFi useCollateral, lending, yieldNoneNoneUS tax treatmentProperty treatment likely, still developingCollectibles 28% per IRS guidanceCollectibles 28% per IRS guidance Fee math at retail scale Headline fees can look simple until you apply them to a real position size. For example, take a $10,000 PAXG buy held for 12 months. If that order falls into Paxos’ 2–25 PAXG fee tier, the 1% entry fee comes to about $100.
Paxos currently advertises zero on-chain transfer fees and zero storage fees for PAXG.
If the position is sold or converted through the Paxos wallet at the same fee tier, the exit fee would add another $100. That puts the direct Paxos round-trip cost at about $200 on a $10,000 position held for one year, before spreads, gas, taxes, exchange fees, or any third-party platform costs.
Cost note: This example assumes direct Paxos wallet creation and sale or conversion at the 1% fee tier. If you buy or sell PAXG through an exchange, your actual cost may come from trading fees, spreads, withdrawal costs, and venue-specific rules instead.
A $10,000 GLD position over the same period pays the 0.40% expense ratio, or about $40, before any broker-specific costs. A $10,000 GLDM position is cheaper still at 0.10%, or roughly $10 for the year.
On direct fees alone, a lower-cost gold ETF such as GLDM can be much cheaper than a direct PAXG round trip at the 1% tier. PAXG’s case becomes stronger only if the holder values features an ETF cannot provide, such as crypto-wallet custody, around-the-clock transfers, DeFi use, or PAXG-specific redemption routes.
Tax treatment In the United States, the Internal Revenue Service classifies physical gold and most gold ETFs as collectibles, which carry a long-term capital gains rate of up to 28% rather than the standard 20%.
As of May 2026, tokenized gold is in a less settled position. Some practitioners argue it should follow the underlying asset and be treated as a collectible, while others apply general property rules for digital assets. UK, EU, and UAE treatments vary and depend on whether the holder uses an exchange domiciled in a regulated venue.
Always confirm with a tax professional before relying on any single framing.
Tokenized gold in DeFi The structural advantage of tokenized gold over an ETF is on-chain usability. PAXG is listed as collateral on the Aave deployment on Ethereum and trades in Curve and Uniswap pools, while XAUT has integrations on TRON-based DeFi venues and emerging yield vaults on platforms such as Falcon Finance.
Yields available in 2026 have ranged from low single digits to mid single digits, depending on the pool and risk tier, with strategies that wrap gold collateral into lending or basis trades.
Tokenized gold risks and how to mitigate them The risks attached to tokenized gold are not the same as the risks attached to physical bullion or to an ETF. Buyers should weigh three categories before committing.
Issuer and depeg risk Both PAXG and XAUT depend on a single issuer to honor redemptions and report reserves. A failure at Paxos or TG Commodities would cap the value of the token at whatever a court determined was the holder’s claim on the bullion.
Token prices can also drift from spot during stress events. PAXG traded at a premium to spot during the February 2025 London bullion shortage as physical delivery times stretched, an episode that reminded the market that on-chain liquidity does not always equal physical liquidity.
Smart contract, sanctions, and wallet freezing PAXG and XAUT contracts both include administrative functions that allow the issuer to freeze tokens in specific wallets. Paxos has used the function to comply with US sanctions enforcement, and Tether has frozen XAUT-related addresses tied to flagged activity. The functions exist for legitimate compliance reasons, but they mean a holder who trips a sanctions flag could lose access to their tokens.
Both tokens can be frozen by the issuer. A buyer who values censorship resistance above gold exposure should consider physical bullion or self-custody alternatives instead.
Regulatory risk Paxos previously operated under NYDFS oversight and is now OCC-regulated as a national trust institution.
XAUT has a narrower U.S. retail access path. Tether Gold says U.S. persons cannot purchase or redeem XAU₮ directly through its issuer platform, which means U.S. users should not assume they can access issuer-level redemption features.
In the European Union, MiCA rules for asset-referenced tokens and e-money tokens became applicable on June 30, 2024, while broader crypto-asset service provider rules followed on Dec. 30, 2024. Paxos says it operates under MiCA compliance through FIN-FSA in the EU, but its current PAXG page also says PAXG is unavailable in the EU.
Put simply, access can depend on the issuer, exchange, user location, and product feature. So, as a buyer, you should check current exchange notices and issuer disclosures before they assume PAXG or XAUT is available in the jurisdiction you are in.
How to buy tokenized gold in 2026 Tokenized gold trades on both centralized exchanges and on-chain venues. Most retail buyers start on a centralized exchange for the smoothest path, then move tokens to self-custody or a DeFi position if they want to use the gold as collateral.
Buying on a centralized exchange PAXG is listed on Coinbase, Kraken, Crypto.com, Binance, and Bitpanda, among others. The standard flow is to fund an account with fiat, place a market or limit order against the PAXG pair, and either keep the tokens on the exchange or withdraw them to a personal wallet.
XAUT is listed on a smaller set of venues, with Bitfinex and several non-US exchanges providing the deepest order books. US residents typically cannot buy XAUT directly through a domestic exchange.
Buying on a DEX On Ethereum, PAXG can be bought on Uniswap and Curve pools using ether or a stablecoin, though gas costs and pool depth should be checked before larger trades.
XAUT liquidity tends to sit in TRON-based and non-EVM venues, which makes the operational steps more involved. Buyers who use a DEX should always verify the token contract address from the issuer’s official site to avoid scam tokens.
Other gold-backed tokens worth knowing PAXG and XAUT dominate the market, but several other gold-backed tokens are worth knowing. Kinesis Gold (KAU) and Kinesis Silver (KAG) pay a share of network fees back to holders, which gives them a yield profile unlike PAXG or XAUT. CACHE Gold (CGT) uses a fractional-gram model with on-chain bar serial assignment.
AurusX (AWG) and Matrixdock XAUM are relatively newer entrants targeting cross-jurisdictional retail demand. Comtech Gold (CGO) markets a Shariah-compliant structure aimed at Middle East and South Asian buyers.
Note that liquidity for these smaller tokens is thinner, so always check the on-chain market depth before committing.
Frequently Asked Questions What is tokenized gold and how does it work? Tokenized gold is a digital token on a blockchain that represents ownership of physical gold held in an audited vault. Each token typically equals one troy ounce of London Good Delivery bullion held by a custodian on behalf of the issuer. Holders can transfer the token like any other crypto asset and, in some cases, redeem it for physical metal when minimums and verification rules are met.
Do you own real gold with PAXG? Yes. PAXG uses an allocated ownership model in which each token is mapped to a portion of a specific London Good Delivery bar identified by serial number. Paxos publishes a lookup tool that lets a wallet holder view the bars assigned to their address. The bullion is held in Brink’s vaults in London and is described by Paxos as legally separate from the company’s general balance sheet.
Can you redeem PAXG for physical gold? Yes, with two paths. A holder with 430 PAXG or more can redeem directly through Paxos for a full London Good Delivery bar, subject to Paxos’ terms. Holders below that threshold can use Alpha Bullion’s partner route for smaller physical-gold redemptions from 1 gram upward, subject to identity verification, product availability, taxes, delivery terms, and any current checkout costs.
Can you redeem XAUT for physical gold? Yes, but only at the full-bar level and only in Switzerland. A holder must accumulate at least 430 XAUT, complete identity verification with TG Commodities, and arrange Swiss delivery or cash settlement at spot. There is no fractional retail partner equivalent to Alpha Bullion, so most XAUT holders treat the token as a price exposure rather than a redemption vehicle.
What is the difference between PAXG and XAUT? The main differences are issuer structure, regulatory profile, chain support, audit cadence, and redemption rules. Paxos previously operated under NYDFS oversight and is now OCC-regulated as a national trust institution. PAXG uses monthly attestations and links holdings to allocated London Good Delivery gold. XAUT is issued through TG Commodities, operates under El Salvador’s CNAD framework, uses quarterly assurance reports, and gives holders undivided gold rights with Tether Gold’s bar lookup system. PAXG is Ethereum-based, while XAUT is available across several networks.
Is tokenized gold safe and what are the main risks? Tokenized gold inherits the price behavior of physical gold and adds three risk categories on top. Issuer risk covers the potential failure of Paxos or TG Commodities, smart contract risk covers code or governance failures, and sanctions risk covers the issuer’s ability to freeze tokens in flagged wallets. Holders mitigate these risks by reading the latest attestations, splitting positions across issuers, and avoiding behavior that could trigger a wallet freeze.
Coinbase čelí právnímu tlaku kvůli obvinění, že bez souhlasu nakládala se zákaznickými SGB tokeny Songbird. Právníci mluví o možném neoprávněném obohacení a HODL Law proti burze chystá spor.
Coinbase was scrutinized for allegedly converting Songbird tokens, igniting legal battles and debates on crypto asset rights. Ripple’s CLO exposes contradictions in SEC’s crypto regulation, spotlighting the need for clear guidelines. Legal experts suggest Coinbase’s actions could breach principles of unjust enrichment, opening new avenues for litigation. Coinbase has come under scrutiny over allegations related to handling certain customer assets. Fred Rispoli, an attorney at HODL Law firm, criticized the exchange for allegedly converting customer assets, specifically Songbird’s SGB tokens, to its control. This claim has stirred discussions within the legal and crypto communities about token holders’ rights and the exchanges’ responsibilities.
Rispoli’s remarks on X accused Coinbase of taking unauthorized control of customers’ SGB tokens, a move he likened to the conversion of customer property. He further revealed that HODL Law is actively pursuing litigation against Coinbase, highlighting a broader legal battle that could have significant implications for the crypto industry. Rispoli’s interest in related legal matters, such as the ongoing Ripple vs SEC case, underscores his firm’s engagement in cryptocurrency-related legal issues.
I'm often asked why @coinbase illegally converts customer property into its own possession and control, like when the company did that with customers' $SGB. It's because Coinbase and its executives will take from you whatever they can get away with. They are not your advocate. https://t.co/ktzc4RF13l
— Fred Rispoli (@freddyriz) February 7, 2024 Additionally, lawyer Bill Morgan echoed Rispoli’s concerns on X, emphasizing the questionable nature of Coinbase’s actions regarding the SGB tokens. Morgan pointed out that Coinbase’s lack of agreement to participate in the SGB airdrop snapshot, which took place in 2020 and targeted participating XRP wallets, does not justify retaining or selling tokens not meant for the exchange.
Morgan suggested that were such a case brought in Australia, it could be framed as unjust enrichment, a principle that seeks to prevent one party from benefiting at another’s expense without a valid reason.
In a related development, Ripple’s Chief Legal Officer, Stuart Alderoty, highlighted inconsistencies in the regulatory stance between the SEC and Treasury Secretary Janet Yellen. Alderoty pointed out the contradiction between the SEC’s dismissal of crypto as a minor concern in the Coinbase lawsuit and Yellen’s call for legislative action to fill regulatory gaps. This ambiguity in regulatory perspectives challenges the crypto industry, seeking clarity and consistency in legal standards.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
During the previous month, the value of Flare’s native currency, FLR, has increased by more than 165%. By including XRP as an FAsset on its Songbird testnet, the Flare network will be able to include smart functionality. An airdrop reward pool consisting of $260,000 in rFLR is being offered in order to encourage the adoption of Songbird. In preparation for the launch of the mainnet, the blockchain network Flare, which was designed specifically for data, has added XRP to the FAssets on its canary network Songbird.
FAssets is a new development by Flare that offers smart-contract capabilities for blockchains like XRP, BTC, and DOGE, which do not support smart contracts. By including XRP as an FAsset on its Songbird testnet, the Flare network will be able to include smart functionality, which will enable it to demonstrate greater DeFi capabilities.
I want Flare to provide a similar service to XRP that Babylon provides for Bitcoin. I will personally pay a grant of $500k in FLR to a group that builds a fully fledged staking service for XRP on Flare (through FXRP) using Flare’s FDC to slash stake. The purpose would be to allow…
— Hugo Philion ☀️ (@HugoPhilion) December 2, 2024 The innovative bridging method that will be used for this integration is now being tested on Songbird prior to the functionality being rolled out on Flare mainnet. Once it is released, FAssets will make it possible to create robust apps that provide improved capabilities to standard crypto assets. This will be a new door that will open.
The Flare team is of the opinion that FAssets have the potential to revolutionize the way that crypto assets such as XRP and BTC are used within the ecosystem of decentralized finance. In order to offer these tokens with the same usefulness as native smart-contract assets, Flare intends to create a decentralized system that will allow for the minting, trading, and redemption of bridged assets.
An airdrop reward pool consisting of $260,000 in rFLR is being offered by the team in order to encourage the adoption of Songbird. This reward pool will serve as an incentive for agents and collateral pool participants. It is possible to get these rewards by putting the minting, redeeming, and trading processes to the test.
Audits are now being performed on these integrations, and the findings are anticipated to be available by the middle of December.
Whopping 165% increase in Flare during the previous month During the previous month, the value of Flare’s native currency, FLR, has increased by more than 165% in anticipation of the debut of FAsset. It is the 79th biggest cryptocurrency asset, with a market valuation of $1.72 billion and $3.35 of FDV.
As of right now, the price of FLR is hovering around to the $0.033 level, and the 24 hour trading volume for the cryptocurrency is $45.16 million, as per data from Coinmarketcap. FLR reached its all-time high price of $0.0797 on January 10, 2023, marking the day it was driven by bulls.
In the event that the launch of FAssets and the dynamics of the market are favorable, FLR may come back to its prior price gains and come close to breaking to a new all-time high rate. It is anticipated that the next Altseason will bring about a significant increase in the value of a variety of low and mid cap altcoins, including FLR.
An engineering graduate who is passionate about writing and loves the very existence of crypto. Trading forex currency keeps me busy when I am not writing and analysing the crypto world.
Marlin Oyster se integroval s frameworkem Sui Nautilus a zpřístupňuje důvěrný výpočet na síti Sui bez nutnosti spravovat infrastrukturu TEE. Vývojáři tak mohou spouštět ověřitelné offchain výpočty s kryptografickým ověřením onchain.
Scaling Confidential Compute on Sui: Nautilus and Marlin Oyster Integration
Marlin Oyster has integrated with the Sui Nautilus framework. This integration removes the operational overhead of managing TEE infrastructure, making confidential compute accessible to every Sui builder.
Applications on Sui sometimes require forms of computation that are not suited to any blockchain. High-frequency trading bots, AI agents, and sophisticated game logic need processing capacity beyond what onchain environments are designed to provide. Blockchains excel at decentralized state, settlement, and consensus, but they are intentionally not built for scalable, long-running compute that modern backend systems rely on.
The solution is to move complex and sensitive logic offchain. This enables scale but introduces a trust problem: the offchain machine becomes an untrusted black box, vulnerable to tampering and difficult to verify.
Hardware-Backed Trust with TEEs
Trusted Execution Environments (TEEs) address this challenge. A TEE, such as AWS Nitro Enclaves prevents tampering through memory isolation, restricted I/O, and cryptographic measurement (PCRs), and the TEE generates a cryptographic attestation proving exactly what binary is running inside. TEEs provide a practical way to balance performance, confidentiality, and verifiability for offchain workloads.
Nautilus: Foundational Confidentiality on Sui
Sui's Nautilus framework enables verifiable offchain computation. Developers can delegate complex tasks to an offchain TEE while maintaining cryptographic trust onchain through reproducible builds and verifiable attestation. Nautilus provides the foundation for verifiable offchain computation on Sui, enabling secure and attestable interactions between TEEs and Move smart contracts.
Marlin Oyster: Simplifying Access
With the integration, developers can access confidential compute without the operational overhead of managing AWS infrastructure. Nautilus provides the cryptographic foundation for hardware-backed proof. Marlin Oyster provides the execution layer that transforms this into a decentralized marketplace.
How it works
The workflow follows four steps:
Build: Developers package their application into a Docker image. Deploy: Developers submit the job to the Oyster marketplace on Sui, paying with stablecoins. Compute: Registered Oyster operators detect the job submission, automatically provision a Nitro Enclave, and run the workload. Verify: The enclave generates a PCR measurement, which acts as a cryptographic fingerprint of the running code. Sui Move contracts can verify this fingerprint onchain. This workflow preserves the same cryptographic guarantees as a self-managed Nautilus deployment, since operators cannot tamper with enclave execution or attestation.
Even though Oyster operators provision and run the enclaves, they cannot alter the application logic inside. Security comes from the following properties:
Reproducible enclave builds ensure that the measurement (PCR) published on-chain corresponds exactly to the code developers expect. Hardware-backed attestation prevents operators from substituting or modifying binaries. Trust minimization is achieved because verification happens onchain, and the enclave’s identity is validated independently of the operator running it. Operational Comparison
Marlin plans to extend the workflow so that enclave registration and attestation verification can happen automatically onchain. This will let Sui applications confirm enclave identity and integrity without any direct interaction from developers.
By removing the operational complexity of managing TEEs directly, Nautilus and Marlin Oyster enable developers to build secure, attested offchain logic through a straightforward workflow. This opens new possibilities for verifiable AI, agentic automation, and applications that combine secure offchain execution with high-performance onchain coordination. Confidential compute on Sui is no longer limited to infrastructure experts. Developers can now focus on building innovative applications while retaining strong cryptographic guarantees for privacy and correctness.
Developers can start building today with a reference implementation that demonstrates a decentralized price oracle using Oyster enclaves. The demo shows how to fetch data securely, sign it within a Nitro Enclave, and verify the signatures onchain using PCR attestation: https://github.com/marlinprotocol/sui-oyster-demo
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DeFi protocol Linear Finance faced a severe setback this Thursday as the company announced plans to cease operations. In an official X post on March 27, the entity made a ‘Notice of Closure’ announcement. The protocol’s native token LINA also crashed hard, extending weekly losses to nearly 70% amid the project encountering turbulent waters.
Linear Finance Issues ‘Notice Of Closure,’ Here’s Why In its recent X post, Linear Finance revealed that the tough decision to pull the plug is attributed to the firm’s financial struggles. Despite recurrent efforts to foster innovation and growth, the DeFi protocol has failed to generate sustainable returns.
As a direct response, the entity announced a ‘Notice of Closure,’ turning heads across the broader market. The announcement revealed that ‘outside of a brief period of profitability during its initial launch in 2019/20, the project has faced burgeoning financial challenges.’
DeFi Protocol Faces Setback As Functioning Model No Longer Available Initially, the project was funded via a combination of personal contributions by the project owner and token liquidations. However, Linear Finance announced that this model is no longer feasible. In turn, the company announced plans to end the run.
Meanwhile, it’s also worth pointing out the recent setback presented by Binance. The cryptocurrency exchange giant earlier announced plans to delist the LINA token, adding to its struggles. The DeFi entity revealed that the delisting saga chronicle on one of the top crypto exchanges slammed 65% of the coin’s market cap.
Keeping in mind the abovementioned setbacks, a ‘Notice of Closure’ was issued. The project’s key stakeholders also made a collective decision to wind down operations.
LINA Price Crashes As of press time, LINA price witnessed a 6% dip and exchanged hands at $0.0006215. The coin’s intraday low and high were $0.0006091 and $0.0009516, respectively.
Weekly and monthly charts for the token showcased a 67% and 72% crash, respectively. The bearish price movement comes primarily attributed to Binance’s delisting and Linear Finance pulling the plug on operations. Currently, crypto market participants continue to await further details on the matter.
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The Dogecoin supply has risen steadily over the years, given that there is no limit to how many tokens that could be mined. This infinite number has often worked against the digital asset, as the constant rise in supply has affected the ability of demand to stay ahead. Now, again, even more tokens are about to be sent into circulation, causing the Dogecoin supply to rise once more.
Dogecoin Linear Unlocks in 7 Days Reporter Wu Blockchain took to X to share information on massive token unlocks that are coming into the market. Among the most notable ones is Dogecoin, which is seeing a large amount of tokens that are going to be unlocked over a period of seven days.
According to the report, a total of 96.52 million Dogecoin tokens are expected to be unlocked during this one week period, starting on Monday. Token Unlocks data shows that $3.41 million worth of DOGE are expected to be unlocked daily, which works out to approximately 14 million tokens being released everyday.
By the time the unlocks are done, the Dogecoin supply would have grown around 0.06%. While this figure does seem insignificant compared to the already massive DOGE supply, the news could still have an impact on the meme coin’s price. As $22.75 million in total is being circulated into the market, it could trigger selling pressure, which could lead to a temporary correction in the Dogecoin price.
Nevertheless, the Dogecoin price has shaken off the first batch of release and continues to trade high as bulls are still maintaining support above $0.22. If buying pressure continues to be high, then it is possible that the market absorbs the DOGE token unlocks without any noticeable impact on price.
Other Token Unlocks To Watch Out For Besides the Dogecoin linear unlocks, there are also other tokens seeing a notable number of tokens being either cliff or linearly unlocked. The likes of Aptos, Avalanche, and Arbitrum are all seeing unlocks crossing $30 million in value. These unlocks are being done on a cliff basis. Other ones include $10.30 million in MELANIA tokens, further threatening the TRUMP-adjacent token that has done nothing but crash since its release.
Source: X When it comes to linear unlocks, the highest one is coming from Solana, with 455,770 SOL worth $81.84 million being released in seven days. Worldcoin’s 37.23 million tokens worth $48.02 million comes in second, and Celeste’s 6.96 million tokens worth $22.48 million comes third. Dogecoin is a close fourth with its $22.75 million figure.
DOGE struggles to stay ahead of bears | Source: DOGEUSDT on TradingView.com Featured image from Dall.E, chart from TradingView.com
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Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.
Airdrop Linea odstartuje 10. září a mezi více než 749 000 peněženek rozdělí zhruba 9,36 miliardy LINEA. Analytici očekávají počáteční cenu kolem 0,02 až 0,05 USD.
The long-awaited Linea airdrop is fast approaching, with the launch date set on September 10, 2025. Around 9.36 billion LINEA tokens will be distributed to over 749,000 eligible wallets. This will kickstart a major milestone for ConsenSys’ Ethereum Layer-2 project. While the crypto community is looking on, the question at hand is, what would be LINEA price when it finally hits the market? Even though numbers cannot be accurately predicted at this point, various factors could likely influence the Linea token launch price.
Why Linea Airdrop Matters Linea token airdrop is approaching, as Linea is in the spotlight as a zk-rollup solution designed to scale up Ethereum, making it faster, cheaper, and easier for developers. The crypto project carries instant credibility in the Ethereum ecosystem, for being backed by ConsenSys, the team behind Infura and MetaMask. Linea promises to address the often spike in gas fees during busy periods by offering quicker transactions and lower fees. This positions it as a strong player in the race to Ethereum scalability.
Five weeks ago, Ethereum celebrated 10 years of zero downtime. Next week, LINEA becomes the most significant token to enter the ecosystem since ETH itself.
The eligibility checker is now live ahead of the September 10 TGE.
Check yours at https://t.co/GDV3kRe0Kf pic.twitter.com/emB8WlqCNF
— Linea.eth (@LineaBuild) September 3, 2025
Linea token airdrop
The team has made it clear that the Linea airdrop launch is not just a reward for early users, but is also designed to start Linea’s token economy. As the 90-day Linea airdrop window opens, the token launch is expected to stir excitement across trading and DeFi communities, just like other high-profile rollups.
What’s the Buzz on Price? We can get a glimpse of what the launch price will look like, given that LINEA is already having pre-market sessions like now on top exchanges such as Kucoin and MEXC. The token reportedly experiences price swings, trading from as high as $0.11 to as low as $0.00017. It is currently settling at around $0.03. Such a scenario is common in a typical pre-market environment because of low liquidity and scarce information. Most moves come from speculation rather than solid fundamentals.
LINEA 7-Day Pre-Market Price Chart (Source: Kucoin) According to analysts, the token’s price at launch could be somewhere between $0.02 and $0.05, based on an initial circulating supply of 15.8 billion tokens (about 22% of the 72 billion total). Still, launches of crypto airdrops can be notoriously unpredictable, so sharp pumps or steep drops are both on the table.
What Will Shape Linea Launch Price? Several key factors will likely decide where the price lands on launch day, amidst the Linea airdrop:
Airdrop Dynamics – 9.63 billion tokens are expected to be unlocked and dropped immediately into wallets. There’s a likelihood that some holders will quickly cash out, pulling down the price. However, if enough of them hold onto their tokens, the market will remain stable. Market Sentiment – The overall crypto sentiment is positive right now, even though the Fear and Greed Index is neutral at 41. Ethereum price is holding around $4,300, and the talk of potential U.S. Fed’s rate cuts is fueling more liquidity in the market. This creates a supportive environment for the launch. Linea’s Traction – Currently, Linea has a total value locked (TVL) of $1.28 billion and over 200 million transactions, according to DefiLlama. This positions it as one of the leading Layer 2 projects. Often, strong adoption translates into strong demand. Exchange Listings – Should top crypto exchanges like Big names like Binance or Coinbase list LINEA, could experience a fast increase in liquidity and trading volume. This could push prices upwards. Final Thoughts Where the LINEA price lands on day one will come down to how many airdrop recipients cash out versus how many new buyers step in. By gradually unlocking the remaining 78% of tokens, it could keep prices in check. Not unless its adoption increases and demand outpaces supply.
Either way, the September 10 launch is a milestone not just for Linea but for Ethereum scaling as a whole, and the crypto world will be watching closely.
Frequently Asked Questions (FAQs)
The Linea token airdrop is set for September 10, 2025, with 9.36 billion tokens distributed.
Analysts estimate between $0.02–$0.05, but sharp volatility is likely.
Airdrop sell-offs, exchange listings, market sentiment, and adoption levels.
DeFi Development Corp. uzavřela spolupráci s Gauntlet na onchain výnosových strategiích přes Drift, aby maximalizovala množství $SOL na akcii. Je prvním veřejně obchodovaným Solana DAT, který využívá kurátora pro komplexní onchain aktivitu.
DeFi Development Corp. has announced a strategic collaboration with Gauntlet. The firm, known for its expertise in vault curation and risk management, will provide DeFi Development Corp. with advanced yield strategies deployed through the Solana-based platform Drift. This move makes DeFi Development Corp. the first public Solana Digital Asset Treasury (DAT) to leverage a curator for complex onchain activity.
The company’s goal is to maximize its $SOL Per Share (SPS), a metric that tracks how much Solana each shareholder effectively holds. By moving beyond traditional staking and into risk-adjusted yield generation, DeFi Development Corp. aims to deliver superior capital efficiency across its treasury.
Leveraging Liquid Staking with $dfdvSOL At the heart of this initiative is $dfdvSOL, a liquid staking token adopted by DeFi Development Corp. in May 2025. This token enables treasury assets to remain liquid while being deployed into yield-generating strategies across Solana’s DeFi ecosystem. Unlike conventional staking, which historically yields about 7% annually, the strategies curated by Gauntlet target returns in the 10 to 20 percent range through hedged liquidity provision.
The strategy involves four key steps. First, users (including DeFi Development Corp.) deposit $dfdvSOL into a Gauntlet-curated Drift vault called dfdvSOL Plus. Second, the vault uses $dfdvSOL as collateral to borrow $USDC through Drift Lend. Third, the borrowed funds are deployed into a basis trade across Drift and Jupiter DEX, and the yield generated is converted back into dfdvSOL. Finally, Gauntlet’s optimization engine actively monitors and adjusts the positions to maintain efficiency and manage risks.
Beyond Staking: Capital Efficiency as a Differentiator “Our mandate is clear: to be the most innovative and effective Solana treasury. This partnership with Gauntlet is a direct execution of that mission. We are not passive holders; we are focused on productive, onchain activity that leverages the full power of the Solana ecosystem. By allocating capital to sophisticated, risk-managed strategies like those curated by Gauntlet on Drift, we are actively working to compound our $SOL holdings and create a durable competitive advantage.” - Joseph Onorati, CEO of DeFi Development Corp.
Gauntlet’s Head of Institutional Partnerships, Rahul Goyal, echoed this view. He remarked, “Gauntlet’s purpose is to make DeFi more efficient for institutions within strict risk parameters. DFDV is a true innovator, and their forward-thinking approach to treasury management is a perfect match for our capabilities.”
Traditional staking has long provided a straightforward but limited means of earning yield. By contrast, DeFi Development Corp.’s integration of Gauntlet strategies reflects a shift toward maximizing capital efficiency. This hands-on treasury management sets the company apart from competing DATs and from alternatives such as Solana ETFs, which typically rely on simple staking or accumulation strategies.
SPS as a Central Metric $SOL Per Share (SPS) remains the key measure of value for DeFi Development Corp. In July, the company projected 261 percent growth in SPS by mid-2026, with a target of one $SOL per share by 2028. At that time, SPS stood at 0.0457. The metric has since risen to 0.0816, representing a 94 percent increase over the past three months.
Interestingly, the company’s compensation framework for executives and the core treasury strategy team directly ties bonus outcomes to growth in $SOL per Share, aiming to align management incentives closely with long-term shareholder value. The first bonus target, set at 0.085 SPS, is already within reach.
What Has DeFi Dev Corp. Been Up To? The Gauntlet partnership builds on a series of significant moves by DeFi Development Corp. In September, the company acquired over 250,000 $SOL, bringing its total treasury to 2.1 million $SOL, valued at approximately $411 million. This ranks the firm as the entity with the third-largest Solana treasury, according to Strategic Solana Reserve data.
The company has also expanded internationally. It launched Britain’s first $SOL DAT through DFDV UK and recently entered the Korean market by partnering with Fragmetic, a Solana restaking protocol, to launch Korea’s first publicly traded $SOL DAT. In addition, DeFi Development Corp. authorized an expansion of its stock repurchase program from $1 million to $100 million earlier this week.
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