Token Events

Polymarket predicts that the probability of “Genius’s FDV market cap exceeding $500 million one day after opening” has risen to 42%. Genius has opened the airdrop and announced a one-year token lockup. The GENIUS token market cap briefly surpassed $800 million and is currently $620 million.

Arthur Hayes has purchased 26,022 HYPE tokens for about $1.1 million, increasing his total holdings to 247,334 tokens valued at approximately $10.44 million. This buy signals strong conviction as Bitwise advances its Hyperliquid ETF filing, enhancing HYPE’s market perception.

Solana co-founder toly noted that the industry needs a stablecoin that can only be frozen under a court order, opposing other freeze factors. He suggested that the protocol issue a stablecoin with custom freeze strategies on the base layer and strengthen security measures. This view stems from a recent response by Circle to the Drift protocol hack incident, sparking discussions about centralized stablecoins.

According to Arkham data, World Liberty Financial (WLFI) newly minted 25 million USD1 through BitGo Custody, destroyed 3 million USD1, and increased the circulating supply net by 22 million USD1. This expansion is consistent with the amount of loan repayments, causing the USD1 lending pool utilization rate to approach 100%.

Pi Network has taken another step forward in building its ecosystem. The project recently distributed 26.5 million PI tokens to more than 1 million KYC validators. These rewards were given to users who helped verify identities on the network. This process is important. Because it ensures that

The airdrop program launched by Genius has sparked controversy, and on April 13 it added a refund feature that allows users to burn their allocated airdrop shares within 48 hours after the TGE in order to receive a net-fee refund. The original rules required instant claimers to burn 70% of the tokens, which led to widespread community dissatisfaction and criticism that it was a rule reversal. Users have expressed strong outrage over the unfair cost calculations and potential losses.

_Morpho borrowers paid $170M in interest over one year, Token Terminal data shows, outpacing Aave’s $140M revenue against a comparable $1.5B valuation._ DeFi lending is moving fast. And one protocol nobody was talking about two years ago just posted numbers that are turning heads across the

The conflict between the crypto project WLFI supported by Trump’s family and Justin Sun escalates, with Sun accusing the WLFI token contract of containing a backdoor that freezes users’ funds. WLFI, in turn, refutes Sun’s claims as exaggerated. This dispute highlights the tension between crypto project governance and the principles of decentralization.

Pi Network member Daniel F raised a logical contradiction in the PIRC token design, noting that if it has a 23.8% floor protection, it would need to behave like a stablecoin, which conflicts with its high volatility on CEX. This floor is based on Pi’s price calculations; if Pi itself fluctuates significantly, it will be unable to effectively protect holders. Daniel emphasized the importance of transparency, but the project team did not respond to it, leading the community to continue speculating about the reasons for its silence.

Bittensor co-founder Jacob Steeves accuses Covenant AI’s Simon Dare of intentionally causing damage to the agreement, leading to a sharp drop in TAO tokens. Steeves proposes a locked-staking mechanism that uses on-chain code to enforce commitments and prevent founders from making sudden, surprise exits. Even as the crisis unfolds, Bittensor’s open-source architecture can still ensure the agreement continues to operate, and it is set to hold a meeting to introduce the new mechanism.

Aave founder Stani announced on a social platform that Aave will pivot to $AAVE as its core token, with all revenue flowing back to the DAO treasury. In the future, it will launch a debit card and financial technology experience, aiming to increase the protocol’s scale from $40 billion to $1 trillion, positioning it as a foundational market for traditional financial assets.

Aave DAO recently passed a proposal supporting Aave Labs with a $25 million grant, with a voting approval rate of about 75%. The proposal includes an immediate allocation of 5 million aEthLidoGHO tokens and a staged release of 20 million tokens, and it also sets aside 75,000 AAVE tokens for ecosystem support.

The Hong Kong Monetary Authority has announced the first batch of stablecoin issuer licenses. Only two companies have been approved: HSBC Bank and a point fintech led by Standard Chartered Bank. The license takes effect immediately. The companies are expected to begin operations within the next few months, marking an important milestone in Hong Kong’s digital asset development. The Monetary Authority’s Chief Executive said that stablecoin issuers, while ensuring safety, will promote financial innovation and the creation of economic value.

TD Cowen adjusted its price target for Bitcoin-focused Strategy while maintaining a positive outlook, contrasting it with its new buy rating for Ethereum-based Sharplink, which offers a more active digital asset growth model through staking.

Tok-Edge has launched the Redemption Token, a new cryptoasset linked to its upcoming fund, aiming to separate ownership from tradability. The fund targets $21 million, with plans for a first close of $100 million by 2026, primarily backed by notable investors.

Japan is one of the major economies to establish a comprehensive legal framework for stablecoins at the earliest stage in the world. With the formal implementation of the 2023 amendments to the Act on Payment Services (amended Funds Settlement Act), the issuance of yen stablecoins has moved from a legal gray area to clear regulation, and in 2025 it will see the official launch of the first compliant yen stablecoin, JPYC. This article fully reviews the development of Japan’s stablecoin regulations, three compliant issuance pathways, and the main current market cases, so that financial institutions in Taiwan and the crypto industry can use it as a reference. Background of Japan’s stablecoin legislation: From the UST collapse to regulatory formation In May 2022, the algorithmic stablecoin TerraUSD (UST) collapsed, triggering intense global attention on stablecoin regulation. Japan then accelerated its legislative efforts; in June of the same year, Japan’s National Diet formally passed a stablecoin bill, clearly defining stablecoins as those that must be linked to fiat currency, and that must be

IceCreamSwap has introduced a buy wall for its $ICE token at $0.075 to mitigate the negative impact from the $CORE token's recent price drop. This move aims to stabilize the ecosystem and maintain liquidity amidst market turbulence.

Shibizens highlights Shiba Inu's tokenomics, detailing how founder Ryoshi locked 50% of the supply in Uniswap for liquidity. This approach, including a significant burn by Vitalik Buterin, aimed for a fair launch, impacting SHIB's market price amid recent inflation data.

The Hong Kong Monetary Authority has announced the first batch of stablecoin issuer licenses, with only HSBC Bank and Mintpoint Financial Technology receiving approval. This marks a new milestone in Hong Kong’s digital asset development. Over the coming months, the licensed entities will roll out their operations to promote financial innovation and safeguard users.