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Project Overview
Grass is the flagship product from Wynd Network. Grass lets users monetize their internet connection by selling unused network resources — by selling their “view of the internet.” To individuals, it will appear as a web extension that is downloaded, left on, and forgotten about. It will do its work behind the scenes, helping others to acquire public web data in exchange for payment in the protocol’s native token.
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India's Enforcement Directorate Raids Multiple Crypto Fraud Dens Targeting Foreign Investors
the Bengaluru branch of India's Enforcement Directorate conducted raids on multiple premises from July 18 to 19 under the Prevention of Money Laundering Act (PMLA), investigating a virtual asset over-the-counter (OTC) trading fraud case targeting overseas investors.The criminal group, through private social media channels, claimed to offer discounts on tokens such as MultiversX, Kava, BEAM, GRASS, SUI, VANA, and AGLD to induce foreign investors to put in funds. The total amount involved in the case is approximately $35 million. The case was initially filed after a report from a Dutch entity. The operation has seized electronic devices, wallet credentials, and crypto assets worth 8,700 USDT. Law enforcement authorities are continuing to expand leads and uncover the entire criminal chain.
A major whale deposited 3.82 million GRASS tokens into an exchange, incurring a $4.22 million loss over one year.
According to on-chain analyst Onchain Lens (@OnchainLens), a whale deposited 3.82 million GRASS tokens (valued at approximately $1.86 million) into Bybit and OKX after holding them for one year. This represents a loss of roughly $4.22 million compared to the initial acquisition cost of $6.08 million—funds originally withdrawn from Gate, Bybit, and BitGo.
Gray-scale updates are expected to include the following tokens in the product token list: HYPE, STX, VIRTUAL, etc.
According to a post on Grayscale’s official website, the firm has updated its list of cryptocurrencies under consideration for future investment products. Per the latest list, the “Currencies” category includes Bitcoin and XRP; the “Smart Contract Platforms” category now adds Stacks, Sui, Toncoin, and Tron; the “Financials” category includes assets under consideration such as Ethena, Hyperliquid, and Jupiter; the “Consumer & Culture” category features Dogecoin and Decentraland; the “AI” category includes Worldcoin, Virtuals Protocol, Story, and Grass; and the “Utilities & Services” category comprises Chainlink, LayerZero, and Helium. Grayscale stated that this list is reviewed quarterly to provide investors with diversified digital asset investment options.