Tokens

Solana validators approve proposal to accelerate SOL disinflation

Solana validators have approved a proposal to increase the network's disinflation rate, aiming to reduce future SOL issuance. The measure, SGP-0002, received 67% support in a vote that also saw the approval of a Solana Constitution. This decision is expected to decrease SOL dilution for holders but will also lower staking rewards. The network's terminal inflation rate is now projected to be reached in 2.8 years. The vote occurred amidst significant inflows into US-listed Solana ETFs, with one fund surpassing $1 billion in assets.

Trump cost investors $4.7B through crypto ‘schemes’: Public Citizen

A report from Public Citizen indicates that former US President Donald Trump cost investors $4.7B through his and his family’s digital asset ventures since 2022, with estimated losses of at least $4.7 billion. The report details losses from various crypto projects and outlines Trump's earnings from these ventures. The organization has called for ethics provisions in the Digital Asset Market Clarity (CLARITY) Act, urging divestment from crypto projects by a US president and their family. The CLARITY Act is scheduled for a cloture vote on September 15.

Hyperliquid Token Rises Following Trump’s Remarks on US Regulatory Pathway

Hyperliquid's native token, HYPE, surged over 20% after President Trump indicated that regulators were working on a compliant pathway for the decentralized trading platform in the US. The token reached a 24-hour high of $72.28, with trading volume hitting $1.4 billion. Hyperliquid is a leading decentralized perpetuals venue, accounting for 40% of the sector's trading volume. No formal proposals regarding US access have been released by the CFTC or Hyperliquid. Separately, shares of Hyperliquid Strategies, a distinct Nasdaq-listed company, also saw a significant increase, with unusual options trading activity noted before Trump's announcement.

ElizaOS Token Experiences Significant Decline Following Founder’s Announcement

ElizaOS token value declined significantly after its founder declared the project defunct and the foundation was winding down.

Robinhood Chain Approaches $1 Billion TVL, Bolstered by Uniswap Integration

Robinhood Chain nears $1 billion in TVL, driven by its Uniswap partnership, which also impacts UNI token burns.

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.