News linked to both this project and an event.
Lighter founder Vladimir Novakovski published an article on X this morning titled "Equity and Tokens."In the article, Novakovski clarified that all economic value generated by Lighter will belong to token holders.Lighter's original intention has always been to use venture capital to bootstrap the project until the moment of token issuance. Lighter is a U.S. company and exists as a single entity — the entity that issued equity in the years leading up to TGE is the same entity that issued tokens at TGE. Apart from converting to a token cap table at TGE, the equity cap table will have no further function in the future.More specifically, Lighter completed its final equity financing round a few months before TGE, which was oversubscribed by approximately 5 times, attracting over $300 million in capital interest against a $68 million allocation. At that time, all equity stakeholders (including early investors and former employees) were informed of the future plan — that their equity value would only be reflected as holdings on the token cap table — and were given the opportunity to sell their equity stakes. Anyone who disagreed with the philosophy that "all value belongs to the token" could easily exit at a higher valuation. Ultimately, less than 1% of equity holders chose to sell their shares, while the rest chose to stay, thereby supporting Lighter's commitment to "value accruing to the token."
Lighter officially announced on X that Lighter has now been integrated into Robinhood Wallet. Through this wallet, users can access native in-app perpetual contracts and tokenized stock trading supported by Lighter, and use USDG as the base quote asset.
Robinhood has announced the official launch of the public mainnet for its proprietary Layer 2 network, Robinhood Chain. Built on the Arbitrum technology stack, the chain is positioned as an institution-grade, permissionless, AI-native network specifically designed for Real World Assets (RWA).Robinhood Chain's launch partners include Uniswap, Pleiades, Alchemy, BitGo, and Chainlink. Among them, Uniswap will deploy a dedicated AMM on the chain as the primary public liquidity protocol, while Pleiades will deploy its own AMM as the primary proprietary trading venue. The chain will also offer basic DeFi functionalities such as lending.Eligible users can trade tokenized stocks 24/7 on Robinhood Chain. Simultaneously, Robinhood Earn will introduce USDG-based decentralized lending products within the main app. In certain jurisdictions, the new version of Robinhood Wallet will also support access to Lighter's perpetual contract trading.Robinhood also announced the expansion of its European perpetual contract product range, its official entry into the Canadian market, and the acquisition of a Singapore Capital Markets Services license. Furthermore, Agentic Accounts for crypto trading are planned to begin rolling out in the US soon, allowing AI agents to participate in trading and fund management.Robinhood stated that this update represents its most ambitious global expansion and product vision to date, with the goal of establishing a more direct connection between traditional finance and DeFi, integrating stocks, crypto, RWA, perpetual contracts, and AI trading into a unified financial experience. (The Block)
According to an official announcement, South Korean crypto exchange Upbit will list the PEAQ, LIT, KMNO, MORPHO, GRAM, LDO, PAXG, OSMO, and AMP tokens on its BTC and USDT markets. Trading for these tokens will begin at 3:00 PM local time on June 19.
Lighter official posted on X updating the protocol's buyback data, indicating that since TGE, over 15 million LIT tokens have been repurchased, representing approximately 6% of the circulating supply.
Lighter officially announced on X that the "escape mechanism" verification conducted by third-party auditor L2BEAT has been completed. This means that even if the sequencer on the L2 layer malfunctions, users can permissionlessly withdraw funds from Lighter's L2 back to Ethereum, making Lighter the industry's first L2 Perp DEX to achieve this functionality.
according to CoinW's "On-Chain Smart Money" monitoring, the on-chain whale "Short Altcoin King" (address: 0xa312114b5795dff9b8db50474dd57701aa78ad1e) has been earning substantial profits by continuously shorting LIT and other altcoins and meme coins. Platform data shows that this whale has realized profits of $3.19 million and $2.11 million on LIT and ASTER respectively, with total cumulative earnings reaching $10.44 million over the past 90 days.It is reported that CoinW's "On-Chain Smart Money" now supports copy trading for this address, allowing users to copy trades with "zero profit sharing."Risk Warning: The above information is compiled based on historical on-chain data and does not constitute any investment advice or profit promise. Digital asset trading carries high risks; past performance does not guarantee future returns. Users should make cautious decisions based on their own risk tolerance.