Cryptocurrency
Ongoing coverage on Cryptocurrency.
Latest coverage
Sixteen validators back a Solana fee overhaul that would push daily SOL burns past $650,000
A Solana proposal, SIMD-0553, aims to overhaul transaction fees by charging based on network resources used, potentially increasing daily SOL burns to between 7,500 and 9,000 SOL. This change, combined with SIMD-0550 which doubles the annual disinflation rate, is intended to compress SOL supply. However, the proposal currently lacks widespread validator support, with infrastructure firm Helius providing nearly two-thirds of the signaled SOL.
Bitcoin’s volatility gauge has gone quiet — and that should worry you more than it comforts you
Bitcoin's 30-day implied volatility has fallen to 36%, a level that typically precedes significant price swings rather than indicating market stability. Despite recent negative developments like a major hack and institutional outflows, traders are not actively hedging, suggesting a potential for a sharp upward or downward move. On-chain data shows strong buying interest around the $62,000-$65,000 range, which is currently absorbing selling pressure and keeping the price range-bound.
Sui’s AI treasury experiment: agents get the job, an MPC committee keeps the keys
Mysten Labs has developed a prototype for the Sui blockchain that allows an AI agent to manage a company's treasury without direct access to private keys or balances. Payments are proposed by the AI but require approval from a Multi-Party Computation (MPC) committee, which verifies them against predefined spending policies written in Move. This system utilizes Seal MPC and Sui's confidential transfer technology to encrypt amounts and balances while keeping sender, receiver, and token type visible.
1win Introduces Seamless Web3 Login and Crypto Deposits via Trust Wallet, MetaMask, and WalletConnect
Crypto entertainment platform 1win has introduced a new Web3 authentication system allowing users to log in and deposit funds using crypto wallets like Trust Wallet, MetaMask, and WalletConnect. This feature eliminates the need for traditional email registration and passwords, streamlining the onboarding process and enabling direct transaction confirmations within the wallet.
Vulcan Forged’s PYR among six tokens Binance cuts from spot trading Aug. 17
Binance will delist six tokens, including Vulcan Forged's PYR, from spot trading on August 17 due to liquidity, development activity, and team conduct concerns. PYR has experienced an 18.31% decline and was under Binance's Monitoring Tag since July. Vulcan Forged is currently undergoing a restructuring and reimbursement process for PYR holders.
Retium’s public testnet goes live, wallet first out the gate
Retium has launched the first stage of its public testnet, introducing the Retium Wallet. This initial phase allows users to claim test RTM tokens, with access to the faucet gated by a verified Discord account to prevent farming. The testnet showcases Retium's Prime Number Linking Architecture, a Layer-1 blockchain built in Rust that uses prime number factorization for block IDs and processes transactions in parallel.
MMOs You’ve Never Heard Of: Nin Online, Velderis, and War of Continents
This article rounds up lesser-known MMOs including Nin Online, a pixel art FFA PvP game that recently added new missions and a level cap increase. Velderis is a free browser fantasy MMO with PvP and dungeons, though it faces criticism for an energy system. War of Continents is a browser-based dark strategy game linked to cryptocurrency, but new players can start without a wallet.
Chimpers Drops Officially Licensed Dojo Drop Slot on ApeChurch, 50 Prizes Up for Grabs Over Two Weeks
Chimpers has launched an officially licensed slot game called Dojo Drop on the on-chain casino ApeChurch, which runs on ApeChain. Over two weeks, a leaderboard will award 50 prizes from the Chimpers and ApeChurch ecosystems, including ApeCoin, CHMPSTR tokens, Gimboz NFTs, and a Chimpers NFT as the grand prize. This collaboration builds on a previous partnership between Chimpers and ApeCoin, which has already seen several collectible campaigns.
YGG’s LOL Land shuts its doors as the guild dismantles its publishing business
Yield Guild Games (YGG) has shut down its blockchain game LOL Land and is dismantling its publishing business, YGG Play, citing market conditions and a brutal video game publishing environment. The company is also eliminating 35 jobs and redirecting staff and capital towards selling anonymized gaming datasets to AI labs. LOL Land generated $8.59 million in lifetime revenue before closing on July 31.
World of Dypians Teams With Binance.US on 8,500 WOD Reward for New Sign-Ups
World of Dypians has partnered with Binance.US for a limited-time promotion offering 8,500 WOD tokens, valued at approximately $40, to new users. To qualify, participants must register on Binance.US via the promotional page and make a deposit of any amount before August 7, while supplies last. This campaign coincides with the WOD token's listing on Binance.US and aims to increase user engagement and trading liquidity.
Solana’s Block Building Is Getting a Compliance Layer. Flowra and Honeypot Are Wiring It In.
Solana's infrastructure is integrating a compliance layer through a partnership between Flowra and Honeypot to address sanctions law requirements for institutional validators. This integration embeds sanctions screening directly into the block construction process, allowing validators to define and enforce their own rules before transactions are finalized on-chain. The move aims to attract institutional capital by providing necessary regulatory controls within the network's infrastructure.
Gala Adds ESTG, CVX, AI and COW to GalaSwap as GalaChain Listing Streak Continues
Gala has expanded its GalaChain ecosystem by listing four new tokens: ESTG, CVX, AI, and COW on its decentralized exchange, GalaSwap. This move is part of a broader strategy to position GalaChain as a versatile utility chain beyond gaming, supported by a $2 million incentive program. The exchange has processed over 476,000 transactions and $72 million in volume, with plans to further increase its token offerings.
YGG’s LOL Land shuts down July 31 — 48 hours left to cash out points and unstake $LOL
LOL Land will permanently shut down on July 31, with players urged to cash out in-game points for $YGG and unstake $LOL before the deadline. This closure is part of Yield Guild Games' decision to sunset its YGG Play publishing arm, reallocating resources towards AI training data. While LOL Land and Waifu Sweeper are closing, GIGACHADBAT and Ragnarok Breaker will remain operational.
Solana Mobile: Over Half of Seeker Summer Round 1 SKR Went Straight Into Staking
Solana Mobile reported that over 50% of the SKR tokens distributed in the Seeker Summer Round 1 airdrop were staked by participants. This participation rate is slightly higher than the roughly 49% seen during Season 1. The SKR tokens are delegated to node operators called Guardians, who verify hardware and review dApp submissions.
Camp PvP Season 1 Goes Live on SolFarmer With a 20 SOL Reward Pot
SolFarmer has launched its first season of player-versus-player (PvP) combat, featuring a 20 SOL reward pot distributed across three leagues. This competitive update follows a successful server migration that enhances the platform's security and performance. The season operates on a two-week cycle with an Elo-based ranking system, and prize money is awarded based on league performance.
Five Public Companies Now Hold the Largest Corporate Solana Stashes
Several publicly traded companies are significantly increasing their holdings of Solana (SOL), with some now possessing over $1 billion in the cryptocurrency. Forward Industries leads this trend with over 7 million SOL tokens, indicating a broader corporate shift towards diversifying digital asset treasuries beyond Bitcoin and Ethereum.
Four Months In, Dango Blockchain Pulls the Plug and Winds Down Its Perp DEX
Dango, a blockchain protocol and decentralized exchange, is shutting down after only four months of operation due to cash flow problems, legal issues, and departing team members. Trading on its perpetual DEX will cease on Wednesday, and the network will be completely switched off by August 13. The platform experienced a significant drop in total value locked and struggled to compete with larger rivals in the perpetual DEX market.
Pixels Turns On USDC Checkout as “Just-in-Time” Purchasing Ends Stored Store Balances
The game Pixels has implemented USDC checkout, a change that ends its previous "just-in-time purchasing" system which relied on player balances stored within the game. Founder Luke Barwikowski stated this overhaul allows players to purchase vPIXEL directly with USDC, streamlining the process between earning rewards and spending them. This update is part of a larger financial system rebuild for the game.
Samsung Commits Galaxy Wallet to Stablecoins Without Naming a Partner or a Launch Window
Samsung has announced that its Samsung Wallet will soon support stablecoins, making it one of the first major mobile brands to do so. While a specific launch window, issuer, or blockchain were not disclosed, a mockup showed Circle's USDC. This move integrates digital value transfers into the default wallet for Galaxy devices, which already facilitates crypto purchases through Coinbase for millions of users.
Sui Launches Hashi Testnet, Bringing Bitcoin-Backed Lending Closer to Mainnet
Sui has launched its Hashi testnet, enabling developers and institutions to trial Bitcoin-backed lending applications before the mainnet release. This system allows native Bitcoin to be used as collateral on the Sui network without leaving the Bitcoin blockchain, governed by smart contracts and secured by a new Guardian Layer for enhanced safety. Over 25 partners, including major custody and trading firms, are testing the infrastructure, with legal analysis suggesting deposits and redemptions may not be taxable events in the U.S.
