Author: James Wilson
Jito has proposed a governance overhaul that would direct 100% of the DAO’s JTX revenue share toward open-market JTO buybacks and permanent token burns through at least Q4 2027. Summary Jito has proposed using DAO revenue for JTO buybacks and permanent token burns through Q4 2027. JIP-38 would place most protocol revenue under DAO control, with JTO holders governing allocations. JTO rose as much as 8% after the governance proposal was unveiled, according to crypto.news. According to a governance proposal published by Jito on July 13, the protocol has introduced JIP-38, which would formally classify Jito as a token-centric network…
Spain has recorded the largest fan token burn of the FIFA World Cup 2026 after more than 1.16 million SPAIN Fan Tokens were permanently removed from circulation following the team’s quarter-final victory. Summary Spain burned 1.16 million SPAIN Fan Tokens after defeating Belgium in the World Cup quarter-finals. The Burn to Glory campaign has now removed nearly 3 million SPAIN tokens from circulation. Chiliz and LBank expanded fan token trading with new futures products and live trading competitions. According to Chiliz, Spain’s 2-1 win over Belgium triggered the destruction of 1,161,234 SPAIN Fan Tokens under its Burn to Glory campaign,…
Strategy has raised $466.7 million through fresh MSTR stock sales while leaving its Bitcoin holdings unchanged at 843,775 BTC for the week ending July 12. Summary Strategy raises $466.7 million through MSTR stock sales. Company keeps Bitcoin holdings unchanged at 843,775 BTC. Standard Chartered maintains $100,000 Bitcoin target despite treasury concerns. According to a Form 8-K filed with the U.S. Securities and Exchange Commission (SEC), Michael Saylor-led Strategy sold 4,818,781 Class A MSTR shares between July 6 and July 12 through its at-the-market (ATM) program, generating approximately $466.7 million in net proceeds. Despite the capital raise, the company reported that…
President Donald Trump has confirmed that he will unveil newly declassified 2020 election intelligence during a Thursday night address alongside top U.S. national security officials. Summary Trump will deliver a primetime address on newly declassified 2020 election intelligence. Government reports found no evidence foreign actors changed votes or election results. Markets are watching as Polymarket assigns an 8% chance of a court overturning the 2020 election. According to MS NOW, Trump is scheduled to speak to the nation on Thursday at 9:00 PM ET alongside CIA Director John Ratcliffe, Homeland Security Secretary Markwayne Mullin, FBI Director Kash Patel, and Acting…
Gondor has introduced a portfolio-backed margin account that allows Polymarket traders to borrow against their entire prediction market holdings instead of individual positions. Summary Gondor launches V1 with portfolio-backed borrowing for Polymarket traders. Cross-margin replaces isolated lending after a seven-month beta program. Private access begins next week, with a public launch planned for September. According to Gondor’s announcement on Monday, the new product, called V1, uses a cross-margin system that evaluates a trader’s complete Polymarket portfolio as collateral before extending credit. Private access is scheduled to begin next week, while a public launch is planned for September. Gondor also said…
Aave has expanded its use of Chainlink’s Cross-Chain Interoperability Protocol (CCIP), making it the default infrastructure for cross-chain activity across its ecosystem. Summary Aave has made Chainlink CCIP its default infrastructure for cross-chain operations. CCIP now powers deposits, withdrawals, Stable Vaults, GHO transfers, and governance. Chainlink continues expanding institutional adoption through Project Pangea and banking partnerships. According to an announcement from Aave, the protocol has selected Chainlink CCIP to power cross-chain functions across the Aave App and Stable Vaults, extending an integration that already supports GHO stablecoin transfers and governance messaging. The update places a single interoperability layer behind token…
Hyundai Motor’s U.S. and Mexican operations have completed a pilot cross-border treasury payment using Tether’s USDT stablecoin, settling a $20,000 transfer in about seven minutes over the Avalanche blockchain. Summary Hyundai completed a $20,000 USDT treasury transfer between the U.S. and Mexico in about seven minutes. The Avalanche-based pilot tested stablecoin settlement without changing existing treasury compliance and accounting processes. Tether continues expanding its enterprise strategy through corporate pilots and recent investments in blockchain infrastructure. According to Tether, the proof-of-concept involved Hyundai Motor America converting U.S. dollars into USDT before sending the stablecoin to Hyundai Motor Mexico, where it was…
SpaceX stock has fallen below the $140 level even after the U.S. Federal Aviation Administration completed its review of the company’s Starship Flight 12 mishap and cleared the path for the next launch. Summary SpaceX stock has dropped below $140 despite the FAA clearing Starship Flight 13 preparations. The FAA has accepted SpaceX’s corrective actions and closed its Flight 12 mishap investigation. Wall Street firms, including Raymond James, Morgan Stanley, Goldman Sachs, and Citi, remain bullish. According to data from Yahoo Finance, SpaceX stock was trading near $139 during the latest session, down about 4% on the day. The decline…
Bitmine has expanded its Ethereum treasury by another 27,801 ETH, lifting its holdings above 5.77 million ETH, while Chairman Tom Lee has identified the Robinhood Chain as a fresh driver of Ethereum adoption. Summary Bitmine bought another 27,801 ETH, increasing its holdings to 5.77 million Ethereum. Tom Lee called Robinhood Chain a new catalyst driving real-world demand for ETH. Despite continued accumulation and staking growth, BMNR shares fell nearly 2%. According to a press release from Bitmine, the company purchased 27,801 ETH over the past week, bringing its total holdings to 5,770,038 ETH, or about 4.8% of Ethereum’s circulating supply…
Pi Network has plunged nearly 15% on Monday as investors rushed to exit positions ahead of a major token unlock, extending the token’s slide to a fresh all-time low and reinforcing bearish sentiment across the market. Summary Pi Network price plunged 15% as investors reacted to more than 100 million upcoming token unlocks. Falling open interest, negative funding rates, and a technical breakdown reinforced bearish momentum. A falling wedge offers long-term recovery potential, but macro risks and weak demand keep sellers in control. According to data from crypto.news, Pi Network (PI) price fell to around $0.08 on Monday after breaking…