ENA token rises 10% as Ethena puts revenue-funded token buybacks to vote
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Token buybacks are booming. But are they good for crypto projects?
Crypto projects are spending hundreds of millions buying their own tokens. But are buybacks creating lasting value — or just making tokens look more valuable than they really are?
FalconX, Ethena bring USDe backing assets into $1B institutional credit facility
The $1 billion facility will deploy assets backing USDe into overcollateralized institutional loans, expanding Ethena’s sources of returns beyond crypto basis strategies.
Kraken parent Payward revenue rises 17% as trading volume falls in Q2
Payward grew revenue despite weaker crypto spot activity, as funded accounts jumped 42% and a growing share of revenue came from outside transaction-based activity.
Securitize falls 16% after earnings miss, tokenization revenue drops
Securitize shares fell 16% from Wednesday’s close after the tokenization platform’s $14.4 million second-quarter revenue missed Wall Street estimates.
US senators have proposed banning elected officials and the president from issuing or sponsoring personal tokens.
PANews reported on July 4th, citing Cointelegraph, that US Senator Kirsten Gillibrand has proposed banning elected officials and the president from issuing or sponsoring their own tokens. In a statement, Gillibrand said Congress should support measures prohibiting elected officials and their spouses from “issuing or sponsoring their own digital assets.” The New York senator stated that the proposed restrictions would cover all US presidents and their spouses, but did not explicitly mention whether the provision would be extended to the vice president or their family members. Gillibrand was one of the senators behind the negotiations for the Senate's CLARITY Act, which has been repeatedly delayed due to concerns about ethics, tokenization, and stablecoin rewards.
Morning Minute: Venice’s VVV Token Soars After OpenAI Dispute
Concerns over frontier AI labs stealing user data has driven demand for private inference (or at least tokens tied to private inference).