Tokens

Harmony ONE Token Falls 37% Following Unauthorized 4 Billion Token Mint

Harmony confirmed an exploit involving the unauthorized minting of approximately 4 billion ONE tokens, leading to a 37% price drop. On-chain analysis revealed most tokens reached exchanges. Harmony is working on a patch and considering a rollback, while also requesting exchanges to freeze funds from identified wallets. This incident follows a previous $100 million exploit in 2022.

UK Money Laundering Suspect Linked to $100M Trump Crypto Business Investment

An individual previously investigated for money laundering in the UK was reportedly involved in the acquisition of $100 million in tokens from World Liberty Financial, a cryptocurrency business associated with the Trump family.

Trump Media Terminates Crypto Treasury and Scales Back Prediction Market Plans

Trump Media & Technology Group has ended its plans for a Crypto.com-backed CRO treasury company and a broader digital asset deal, citing market conditions and shifting priorities. The company will also scale back its prediction market ventures, opting for a marketing partnership instead of direct integration.

Institutional Focus May Narrow Altcoin Season Success

Institutional investors are increasingly concentrating their activity in a narrower selection of digital assets, suggesting future altcoin seasons may yield fewer winners, according to a Wintermute report.

Tether Gold Reserves Increase Amidst Gold Market Decline

Tether Gold (XAUt) reserves grew by 9.5% in Q2, attributed to increased demand for tokenized gold exposure, despite a 14.1% drop in gold prices. The CEO of Tether noted that holders are using market weakness to increase their physical gold ownership.

Bitmine Technologies Expands Ether Treasury, Nearing 5% Supply Target

Bitmine Immersion Technologies has increased its ether treasury to 5,797,813 ETH, representing 4.8% of the total supply. The company now holds approximately $10.9 billion in Ethereum, making it the largest corporate ether holder globally. Bitmine Chairman Tom Lee highlighted ether's significant outperformance against the Nasdaq 100 in July.

Nigeria Implements New Crypto Tax Guidelines for Digital Asset Platforms

Nigeria has implemented new tax guidelines for virtual assets, requiring crypto platforms to collect and remit taxes, including some in digital tokens.

1inch Launches Aqua Shared Liquidity Layer Across 13 EVM Chains

1inch has launched Aqua, its shared DeFi liquidity layer, to all users across 13 EVM chains, following an eight-month developer-only period. The protocol functions as a registry where liquidity providers approve token balances without depositing them into pools. Swaps are executed by verified counterparties, a feature 1inch describes as a first for a liquidity venue. The 1inch Foundation has committed 10 million 1INCH and 500,000 USDC in provider rewards. Aqua has undergone eight independent audits, with 1inch advising it is for experienced users due to inherent market and smart contract risks.

Storj Files for Chapter 11 Bankruptcy Amidst Token Price Decline

Decentralized storage provider Storj initiated Chapter 11 bankruptcy proceedings, leading to a nearly 19% drop in its STORJ token. The company aims to resolve legacy obligations while maintaining core operations and restructuring ownership.

Samsung Wallet to Integrate Stablecoin Support

Samsung Wallet will integrate stablecoin support, including USDC, building on previous crypto initiatives and coinciding with the launch of the Galaxy Card.

World Foundation Secures $52.5 Million in WLD Token Sale for Global Expansion

The World Foundation has raised $52.5 million in a strategic WLD token sale, with all purchased tokens subject to a one-year lockup. The funding aims to expand World ID technology globally, coinciding with the project's three-year anniversary. The initiative has faced regulatory scrutiny regarding its biometric data collection.

MegaETH Discontinues Mega Mafia Accelerator Program

MegaETH has concluded its Mega Mafia accelerator program after two years, citing that the program's initial assumptions were no longer valid. Many successful projects incubated by the program opted to build on other platforms, providing limited direct benefit to MegaETH. The platform will now prioritize first-party applications and OMEGA projects unique to its ecosystem.

Robinhood CEO’s X Account Hacked to Promote Unofficial Memecoin

The X account of Robinhood CEO Vlad Tenev was briefly compromised to promote a memecoin unaffiliated with the company. The token, named Vladhood ($VLAD), was flagged as a potential scam on the Robinhood Chain's own explorer.

Jupiter DEX Integrates On-Chain Trading for Graded Collectible Pokémon and One Piece Cards

Jupiter has launched a digital venue where collectors can buy real, graded Pokémon and One Piece cards that are fully onchain and tradable on the Solana DEX.

Telegram to Integrate Native Non-Custodial Gram Wallet

Telegram founder Pavel Durov announced a new native, non-custodial Gram wallet for all Telegram apps, targeting over one billion users with instant, zero-fee crypto transactions. This development follows a rebranding of Toncoin back to Gram and aims to integrate cryptocurrency payments directly into the messaging platform. The announcement led to a temporary price increase for Gram, though the coin remains significantly below its previous highs.

Grayscale Files S-1 for US Worldcoin ETF

Grayscale has filed an S-1 registration for a Worldcoin ETF in the US, aiming to offer investors exposure to the WLD token. The ETF is expected to list on Nasdaq as GWLD, with BitGo Bank & Trust as custodian. Details on fees and participants are pending.