News linked to both this project and an event.
Bitget Wallet announces that its crypto payment card, Bitget Wallet Card, has completed a major upgrade and will officially launch the "Assetback" mechanism on August 1, with the asset cashback rate simultaneously increased to 3%. This mechanism will be open to over 50 countries across Europe, Latin America, Africa, and the Asia-Pacific region. Cardholders can freely choose their preferred cashback assets, covering BTC, gold, tokenized US stocks (NVDA, TSLA, GOOGL, S&P 500), stablecoins, and more. The base asset cashback rate is 2%, while new users or users who reach the monthly spending threshold can unlock the 3% cashback tier. This upgrade breaks the traditional model where card swiping only returns cash/points, marking the transformation of Bitget Wallet Card services from consumption cashback to accumulation of appreciating assets. It turns daily consumption into an opportunity for RWA asset allocation, allowing users to achieve a new daily finance experience of "spend to build positions" without needing to open a brokerage account throughout the process or perform extra operations at checkout.
According to The Block, following the launch of Pump.fun's new default launch mechanism BOOST, the platform's token graduation rate has significantly increased. Last Friday, the graduation rate reached 6.7%, approximately 8 times the average level in June; the average for the preceding four days also remained at 4.7%, higher than the 2.5% of the previous week. The BOOST mechanism targets the approximately 20% of migrated liquidity previously permanently locked in the PumpSwap pool, automatically executing market buys and burning the acquired tokens within the first five minutes after token migration, incentivizing traders to participate more actively in bidding for tokens before bonding by ensuring immediate buy pressure and supply burn. It is worth noting that BOOST only takes effect after a token completes bonding and does not directly increase the proportion of tokens reaching the bonding threshold.
According to TechFlow Research, Bernstein recently released the third report in its Memory LTA series, suggesting that the market's concern that LTAs might once again become "worthless paper" may be misguided. The new generation of LTAs adopts a back-end weighted margin structure, where customer default costs increase as the contract progresses, with core protection value concentrated in the latter half of the contract, coinciding precisely with the industry's downward cycle.
According to Decrypt, Strategy Executive Chairman Michael Saylor recently published a long article titled "110 Reasons BIP 110 Is a Bad Idea," comprehensively opposing the Bitcoin BIP-110 soft fork proposal. BIP-110 aims to temporarily restrict non-financial data such as Ordinals and inscriptions from being on-chain by tightening consensus rules. Supporters (including developer Luke Dashjr and the Bitcoin Knots camp) characterize it as an "anti-spam transaction" measure. Saylor raised three core objections to this: • Precedent Risk: Bitcoin cannot identify data "intent"; blocking a type of usage via consensus means will set a dangerous template for future innovations targeting privacy tools, stablecoin settlements, etc., "The restriction period is about one year, but the precedent exists permanently" • Activation Mechanism Risks: BIP-110 lowers the miner signaling threshold from 95% to 55%, and removes the proposal natural expiration option. With the current signaling rate below 1%, inconsistent execution could lead to network split • Classification Controversy: Saylor believes "spam" is not a consensus-layer concept; dislike for a certain type of usage does not equal invalidity. "Bitcoin does not need guardians of purity, but guardians of neutrality" Saylor's stance aligns with Blockstream CEO Adam Back, Casa Co-founder
Uniswap has launched a governance proposal to extend the protocol fee collection and UNI burn mechanism to Robinhood Chain, covering versions v2, v3, and v4. According to the proposal, protocol fees generated on Robinhood Chain will be deposited into the TokenJar contract on that chain, and Searchers can redeem the fees by bridging UNI back to the Ethereum mainnet and sending it to the burn address.
according to an official announcement, Bitget CandyBomb's spot campaign series has added a new time-weighted coefficient mechanism. Under this new mechanism, the earlier a user trades, the higher the time bonus coefficient, and the more candy rewards they receive. After users complete their daily trading tasks, the system will first calculate the base candy according to the original rules, and then apply the corresponding time-weighted coefficient for that trading day. The final candy amount is calculated as “daily base candy × daily weighted coefficient.” For specific coefficients, please refer to the activity landing page.The platform has also launched the EVAA CandyBomb activity. Users can participate by completing specified spot trading tasks to share a prize pool of 80,000 USDT. For more details, please visit the official Bitget platform.
According to a post by Vitalik Buterin (@VitalikButerin), Ethereum researchers recently held a meeting in Berlin to update the protocol's long-term development roadmap (strawmap.org). Vitalik pointed out that "Lean Ethereum" is not a single upgrade, but a series of improvements to be implemented in phases over the next three to four years. Its significance is comparable to "The Merge," almost covering the refactoring of every core module of the protocol. The main contents include: • Verification Mechanism: Introduce recursive STARKs to replace the existing direct re-execution method, becoming a first-class core component of the protocol • Quantum Safety: Priority significantly increased, all quantum-vulnerable components will be replaced, quantum-safe Blob design is already underway • Consensus Layer: Decouple availability chains and finality, achieve one to two rounds of finality, with better security and lower latency • State Layer: The existing dynamic state remains unchanged, but new types of state with stronger scalability will be added (such as UTXO storage, ring buffers, etc.). It is expected that by 2030, Ethereum will have 2TB of dynamic state + 100TB of new state. After migration of applications such as ERC20 and NFTs, gas fees can be reduced by more than 10 times • Privacy: Upgraded from an additional feature to a first-class goal, permeating designs such as Mempool and state trees • VM: In addition to EVM, leanISA or RISC-V will be introduced. The long-term goal is for the protocol layer to only directly
DeSci protocol Bio Protocol has announced the launch of OpenLabs, positioning it as a coordination layer for human-agent collaboration in scientific research, aimed at transforming scientific ideas into funded execution projects. OpenLabs comprises five interconnected layers: Posts & Discovery, Projects, Agent Collaboration, Web3 Incentive Layer, and a Bounty System. Regarding incentives, OpenLabs plans to adopt a USDC yield-based funding mechanism to finance agent reasoning and tool usage. Users can deposit USDC and select projects to support; funds are allocated to audited yield vaults such as Morpho and Aave. The generated yield flows to projects for computation, queries, and simulations, while the principal assumes no risk. When a project reaches the stage requiring real capital, it can issue tokens via the Bio launchpad or pursue private fundraising and follow the traditional biotech path.
According to Odaily, on the 22nd local time, Iran's negotiation delegation head and Parliament Speaker Mohammad Bagher Ghalibaf stated that the management of the Strait of Hormuz will never return to its pre-war state. Under the premise of complying with international law, the Strait of Hormuz will be managed by Iran in accordance with the mechanism formulated by Iran. Ghalibaf said that some issues may arise in the Strait of Hormuz, so Iran and the United States have agreed to establish a coordination center and open a hotline to more quickly resolve emerging issues within a 30-day period. Ghalibaf noted that this hotline is not intended for approving passage permits, which still follow their established procedures. The hotline is only for handling issues or emergencies related to vessels. (Jinshi)
Taiko stated on the X platform that all Proposers (nodes responsible for producing new blocks) have suspended block production.Taiko stated that the team is currently investigating the breach of the chain state verification mechanism and is continuously assessing the scope of the incident's impact and subsequent countermeasures. Previously, Taiko confirmed that its chain state verification mechanism had been compromised and advised users to immediately withdraw funds from cross-chain bridges deployed on Taiko.
Taiko stated on its X platform that it has confirmed its chain state verification mechanism has been compromised, and the security assumptions of all cross-chain bridges deployed on Taiko are no longer reliable.Taiko said it is coordinating with its security committee and ecosystem partners to control the situation, suspending affected systems, and taking technical and legal actions. Taiko strongly advises all users to immediately withdraw funds from cross-chain bridges deployed on Taiko.Additionally, Taiko has made an urgent request for all centralized exchanges to suspend TAIKO token deposit services until further official notice. Previously, Taiko's ERC20 Vault was attacked, resulting in losses exceeding $1 million.
Odaily A new governance proposal called "Root Reborn" for the decentralized AI network Bittensor is drawing attention. Submitted by developer "unconst," the proposal is currently in the code review stage and has not yet been implemented on the mainnet.According to reports, the plan aims to restructure the TAO staking reward distribution mechanism, transforming validators from passive reward distribution nodes into capital allocators similar to "fund managers." Under the current mechanism, the system sells rewards owed to root-level stakers and automatically exchanges subnet tokens for TAO to pay out yields. This process is believed to create continuous selling pressure on various subnet token prices. The "Root Reborn" proposal suggests that validators could autonomously choose which subnets to support and reinvest the rewards that would otherwise be sold into these subnet assets, forming a compoundable asset portfolio. Stakers would still receive rewards and could exit at any time in TAO.The design of the proposal aims to convert persistent selling pressure into structural buying power, while also giving validators a more proactive screening role in capital allocation, thereby strengthening high-quality subnets and weakening low-quality projects.However, the proposal is still in the GitHub review phase. Early automated reviews have identified risks including large-scale data processing bottlenecks and potential impacts on staker settlements when subnets are shut down. The developer has stated that related issues have been fixed and that optimization will continue before mainnet deployment.According to market data, TAO has fallen approximately 28% over the past 12 months, while Bitcoin has dropped about 38% during the same period. The current annualized staking yield is approximately 17%. (CoinDesk)
According to official announcements, OKX’s World Cup prediction campaign has introduced a branded sponsorship prize pool mechanism, with more branded prize pools to be launched subsequently to jointly build the ecosystem.
: HyperLiquid has announced an upgrade to the AQAv2 mechanism. The system will use on-chain automated trading to maintain a dynamic 1:9 balance of USDC between two core addresses in each HyperEVM block, corresponding to the contract execution layer and the treasury reserve layer, respectively.According to the mechanism design, this ratio is used for functional stratification between "high-frequency trading and liquidation liquidity" and "long-term reserves and yield pools," aiming to enhance system stability and isolate trading risks.On the technical side, the balancing process is executed automatically by the system without manual intervention. Circle is responsible for the technical deployment, while Coinbase undertakes the treasury deployment and management.Regarding the yield mechanism, AQAv2 stipulates that stablecoin issuers must distribute approximately 90% of their cost-adjusted reserve earnings generated within the Hyperliquid ecosystem to the protocol. Settlement occurs on a 30-day cumulative cycle, and the earnings will be automatically transferred to the Assistance Fund on the 8th day after the cycle ends.Additionally, the mechanism includes a transition period arrangement:1. Start of yield accrual: August 26;2. First yield payment: October 3.The market believes this design marks the evolution of stablecoins from traditional custody structures toward an on-chain infrastructure model characterized by "protocolized capital stratification + automated yield distribution."
: According to official sources, the OKX 2026 World Cup Prediction Event will introduce a project partner mechanism, with some matches co-branded and built by collaborating projects.It is reported that the OKX World Cup Prediction Event has officially launched. Users can claim and use free points to predict the champion, Golden Boot winner, and individual match results. The platform will distribute the BTC prize pool based on the points leaderboard. This event is the first proprietary market built on OKX's previously released open protocol, Exchange OS, and will operate until the conclusion of the 2026 World Cup.
XRP Ledger developers have submitted a draft amendment titled "AMM Swappable Curves," planning to introduce three types of switchable curves for XRPL's native automated market maker: constant product, concentrated liquidity, and StableSwap, with a programmable Smart AMM to follow.This upgrade aims to allow liquidity providers to choose a more suitable pricing curve based on asset type, thereby improving capital efficiency. Concentrated liquidity is suitable for trading pairs where most transactions are concentrated within a specific price range, while StableSwap is better suited for assets with near 1:1 exchange rates, such as stablecoins or pegged assets. Existing AMM pools will continue to use the current constant product model and do not require migration.This proposal is seen as a crucial step for XRPL to bridge its DeFi infrastructure gap. Currently, there are over $3 billion in tokenized real-world assets on the XRPL chain, including the recent tokenized U.S. Treasury redemption pilot conducted by Ripple and JPMorgan. However, for these assets to be traded, lent, or generate yields more efficiently, a more mature DeFi liquidity infrastructure is still needed.However, the proposal is still in the draft stage. It will need to go through the XRPL amendment voting process, which could take several months, and its eventual approval remains uncertain. (Coindesk)
According to an official announcement from Optimism, the OP mainnet today initiates its first-ever adjustment to transaction ordering rules. For several years prior, the sequencer employed only a “highest-priority gas fee first” mechanism; it now introduces a new staking-based priority ordering option. This four-week experiment (concluding on June 23) was approved earlier this month by the Optimism Governance body and is optional for users. To participate, users must stake at least 100,000 OP tokens in the PolicyEngineStaking contract. The experiment proceeds in two phases: - Phase 1 (Week 1): Transactions are ordered using a FIFO (first-in, first-out) rule; staking amounts exceeding the minimum threshold do not affect priority. - Phase 2 (Weeks 2–4): A priority gas multiplier mechanism is introduced, weighted by staking duration—longer staking periods yield higher priority. For users not participating in the experiment, transaction ordering remains unchanged, and the PGA mechanism continues operating as usual.
Binance Wallet announced on X platform that it has optimized the Meme Rank mechanism. The new ranking logic will no longer focus solely on market hype, but will place greater emphasis on real user participation.According to the official statement, the updated ranking will pay more attention to metrics such as the number of token holding addresses and transaction activity, aiming to more accurately reflect user participation and help users discover trending Meme tokens more quickly.
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.
Aster has announced on the X platform the launch of a new Listing Vote mechanism, enabling a permissionless token listing process. According to the rules, any validator staking at least 20 million ASTER tokens on the Aster Chain can submit a proposal to list a new asset. The proposal then enters an on-chain vote, with the outcome determined by the staked ASTER weight.The first round of proposals was submitted by UTechStables, involving BTC/U and ETH/U perpetual contract trading pairs. This round of voting will continue until 06:00 UTC on May 22.