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Project Overview
Mint Blockchain is an L2 focusing on the NFT. The core value of Mint Blockchain lies in driving and realizing innovation in NFT protocol standards, guiding developers to adopt NFT assets on a large scale in real-world business scenarios. This includes but is not limited to areas such as AIGC, PASS, gaming, RWA, reputation systems, membership systems, identity systems, etc.
Bitget’s Phase 2 IPO Prime will be announced tonight at 18:00; on-chain data points to OpenAI
According to crypto analyst Murphy, Bitget’s Phase 2 IPO Prime will be announced tonight at 18:00. On-chain data shows that preOPAI was minted on Solana by Republic on May 7, with the first batch of 29,082 tokens deposited into the project’s custodial account. The top-level instruction is `Mint_securities`, and the program invoked is `4X79YR...zMJwr3` (Republic’s access token issuance program). Only the final distribution step remains before its official launch on Bitget IPO Prime.
The null address minted 99.9 million BLESS on-chain, accounting for approximately 5.15% of the circulating supply, and is continuously selling.
according to Arkham data, the null address (0x000...000) recently transferred a total of 99,900,000 BLESS, worth approximately $654,800, to a new address (0xa6a...1323) via minting.On-chain data shows that these tokens originated directly from the initial token mint. Currently, after receiving the tokens, this address frequently engages in small or batch sales on-chain.The current circulating supply of BLESS is 1.94B (1.94 billion tokens). The amount minted and transferred out this time accounts for approximately 5.15% of its total circulating supply. BLESS is currently trading at $0.006554, up 5.17% in the last 24 hours, with a fully diluted market cap of $12.72 million.
Axelar Issues Statement on Security Incident: Axelar and IBC Unaffected, Vulnerability Originates from "Infinite Mint" Issue in Third-Party Token Contract
: Cross-chain protocol Axelar Network has issued a statement regarding the recent security incident related to Secret Network, clarifying that there is a misunderstanding within the community. Neither Axelar nor the Inter-Blockchain Communication Protocol (IBC) was attacked or compromised. The affected token smart contract was not developed, deployed, or maintained by Axelar. Furthermore, Axelar's firewall mechanism prevented the impact from spreading to other chains.It is reported that the exploited contract was a fork based on the CW20-ICS20 implementation, but the developers removed two core security checks, leading to an "infinite mint" vulnerability. By deleting the verification mechanisms originally designed to prevent such issues, this fork altered the contract's original trust model and was not subjected to a new security audit.Axelar Network explained that anyone can deploy contracts via IBC for wrapping cross-chain assets, and similar contracts are used to wrap tokens from other chains onto Secret Network. However, the specific fork on the Secret side in this incident contained a vulnerability due to the removal of critical security checks. This incident was not caused by an inherent logic flaw or an issue with the IBC protocol itself, but rather a security risk introduced by modifications made to the third-party contract.
Threshold Network: Successfully Thwarted Attempt to Maliciously Mint tBTC
Threshold Network posted on platform X, stating that on May 18, 2026, a malicious attacker attempted to mint tBTC without depositing the underlying Bitcoin. The attempt was unsuccessful; no invalid tBTC was issued, and user funds were not at risk.As a precautionary measure against high-frequency malicious activity in the broader crypto ecosystem, Optimistic Minting has been temporarily suspended. Currently, minting operations are conducted through the liquidation mechanism, with typical minting times increasing from approximately 1.5 hours to around 6 to 7 hours.
Brale Launches ION Protocol, Enabling Cross-Chain Stablecoin Transfers via Burn and Mint
Stablecoin infrastructure company Brale has launched the ION Protocol, an interoperability system that allows participating stablecoins to be transferred across blockchains by burning tokens on one chain and minting tokens on another. The ION Protocol has gone live on its testnet. The current stablecoin market features over 350 tokens with a total market capitalization exceeding $300 billion. Amidst this market growth, liquidity is becoming fragmented. According to Brale, unlike traditional blockchain bridges that rely on pre-funded liquidity pools, ION aims to reduce capital requirements and address the liquidity bottlenecks encountered when scaling custom stablecoins.
Ripple Launches Ripple Mint Platform, Offering RLUSD Minting, Redemption, and Management Services for Institutions
According to official news, Ripple announced the launch of Ripple Mint, a unified platform designed for institutional users to access, mint, redeem, and manage RLUSD. The platform provides both User Interface and API access methods, supporting institutional automated stablecoin operations, integrating RLUSD into existing systems, and enabling cross-chain digital dollar liquidity management. Currently, the service is open to existing RLUSD users.
Venice Upgrade Tokenomics: API Revenue to Trigger VVV Buyback and Burn, DIEM Supply Raised to 40,000
Odaily AI infrastructure project Venice has announced an update to its VVV and DIEM tokenomics model, introducing a new programmatic buyback and burn mechanism and gradually increasing the DIEM supply target from 38,000 to 40,000 tokens.Venice stated that VVV is its core ecosystem asset, an ERC-20 token issued on the Base chain. After users purchase and stake VVV, they can earn rewards, unlock Venice Pro benefits, and use it to mint DIEM. Previously, a portion of platform revenue was used for market buybacks and the burning of VVV.This update first expands the sources for VVV burning. Previously, Venice had already implemented an automated VVV buyback and burn mechanism through Pro, Pro+, and Max subscription revenues. Now, this mechanism will cover API credit purchases: for every $100 worth of Venice API credits purchased by a user, $5 will be used to buy and burn VVV. This process will be executed automatically. As API usage grows, more VVV will be removed from circulation.Venice stated that the new API burn mechanism will be tracked separately on the official burn page, displayed distinctly from the burn records generated by subscription revenue.Concurrently, Venice will adjust the DIEM supply target. DIEM is the second-generation token in the Venice ecosystem, used to provide access to AI model credits. Each DIEM corresponds to $1 worth of daily Venice AI credits.DIEM can only be minted by staking and locking VVV. Users can use or sell these AI credits. Previously, the DIEM supply target was long fixed at 38,000 tokens.Starting August 3rd, this target will be gradually raised to 40,000 tokens, adding up to 2,000 new DIEM minting capacity to the market. As each newly minted DIEM requires locking more staked VVV, this will correspondingly increase the daily supply of AI API credits.Venice indicated that as the DIEM supply approaches the target, the minting cost (Mint Rate) will gradually increase. This increase in the supply target will provide users with greater minting capacity while maintaining the ecosystem's supply-demand mechanism.This adjustment shows that Venice is strengthening its token economic flywheel through a path of "AI service demand growth → increased API revenue → continuous VVV burning → ecosystem value capture."
THENA Announces 2.0 Roadmap, Plans to Mint Approximately 32.61 Million Tokens to Expand Treasury
Odaily Odaily Planet Daily reports: THENA, the decentralized liquidity platform on the BNB ecosystem, has announced its 2.0 roadmap. It plans to mint THE tokens representing approximately 10% of the original maximum supply (about 32.61 million tokens), split into two rounds of 5% mints deposited into a multi-signature treasury wallet to support long-term ecosystem development and expansion. In terms of its development path, THENA 2.0 focuses on rebuilding core liquidity and trading activity, advancing mobile and consumer-grade trading experiences, building a unified financial ecosystem gateway, with key emphasis on tokenized real-world asset (RWA) liquidity, as well as expanding capabilities for spot and perpetual trading markets. Implementation of this roadmap is subject to approval by the governance mechanism (veTHE voting).
Axelar Issues Statement on Security Incident: Axelar and IBC Unaffected, Vulnerability Originates from "Infinite Mint" Issue in Third-Party Token Contract
: Cross-chain protocol Axelar Network has issued a statement regarding the recent security incident related to Secret Network, clarifying that there is a misunderstanding within the community. Neither Axelar nor the Inter-Blockchain Communication Protocol (IBC) was attacked or compromised. The affected token smart contract was not developed, deployed, or maintained by Axelar. Furthermore, Axelar's firewall mechanism prevented the impact from spreading to other chains.It is reported that the exploited contract was a fork based on the CW20-ICS20 implementation, but the developers removed two core security checks, leading to an "infinite mint" vulnerability. By deleting the verification mechanisms originally designed to prevent such issues, this fork altered the contract's original trust model and was not subjected to a new security audit.Axelar Network explained that anyone can deploy contracts via IBC for wrapping cross-chain assets, and similar contracts are used to wrap tokens from other chains onto Secret Network. However, the specific fork on the Secret side in this incident contained a vulnerability due to the removal of critical security checks. This incident was not caused by an inherent logic flaw or an issue with the IBC protocol itself, but rather a security risk introduced by modifications made to the third-party contract.
Faroo Launches stPROS Pre-Mint Registration Campaign, Opening Early Incentive Pool Worth $5,000 USDT in PROS
This event aims to establish product awareness for stPROS and achieve early-user cold start, laying the foundation for the official Phase 1 launch and ecosystem partnerships.
Related news
Brale Launches ION Protocol, Enabling Cross-Chain Stablecoin Transfers via Burn and Mint
Stablecoin infrastructure company Brale has launched the ION Protocol, an interoperability system that allows participating stablecoins to be transferred across blockchains by burning tokens on one chain and minting tokens on another. The ION Protocol has gone live on its testnet. The current stablecoin market features over 350 tokens with a total market capitalization exceeding $300 billion. Amidst this market growth, liquidity is becoming fragmented. According to Brale, unlike traditional blockchain bridges that rely on pre-funded liquidity pools, ION aims to reduce capital requirements and address the liquidity bottlenecks encountered when scaling custom stablecoins.
Ripple Launches Ripple Mint Platform, Offering RLUSD Minting, Redemption, and Management Services for Institutions
According to official news, Ripple announced the launch of Ripple Mint, a unified platform designed for institutional users to access, mint, redeem, and manage RLUSD. The platform provides both User Interface and API access methods, supporting institutional automated stablecoin operations, integrating RLUSD into existing systems, and enabling cross-chain digital dollar liquidity management. Currently, the service is open to existing RLUSD users.
Once appeared approximately 10 times premium, Robinhood Crypto's on-chain GME tokenized stock is continuously minted by market makers for arbitrage
According to market data, the trading activity of GME Meme Token and GME tokenized stock on Robinhood Crypto has driven up the price of the underlying liquidity pool. The on-chain price of GME tokenized stock once showed an approximately 10 times premium compared to the real stock price. The liquidity scale of the relevant trading pool is approximately $200,000, with significant buy-side pressure pushing the price away from the spot. Currently, the Mint/Burn permission for GME tokenized stock is only open to authorized participants and market makers who have completed KYB. On-chain data shows that the official Mint address is continuously minting additional tokens and supplying liquidity to the market. The latest records indicate new Mint transactions are occurring almost every minute to alleviate the premium and drive the price back toward its true value.
Venice Upgrade Tokenomics: API Revenue to Trigger VVV Buyback and Burn, DIEM Supply Raised to 40,000
Odaily AI infrastructure project Venice has announced an update to its VVV and DIEM tokenomics model, introducing a new programmatic buyback and burn mechanism and gradually increasing the DIEM supply target from 38,000 to 40,000 tokens.Venice stated that VVV is its core ecosystem asset, an ERC-20 token issued on the Base chain. After users purchase and stake VVV, they can earn rewards, unlock Venice Pro benefits, and use it to mint DIEM. Previously, a portion of platform revenue was used for market buybacks and the burning of VVV.This update first expands the sources for VVV burning. Previously, Venice had already implemented an automated VVV buyback and burn mechanism through Pro, Pro+, and Max subscription revenues. Now, this mechanism will cover API credit purchases: for every $100 worth of Venice API credits purchased by a user, $5 will be used to buy and burn VVV. This process will be executed automatically. As API usage grows, more VVV will be removed from circulation.Venice stated that the new API burn mechanism will be tracked separately on the official burn page, displayed distinctly from the burn records generated by subscription revenue.Concurrently, Venice will adjust the DIEM supply target. DIEM is the second-generation token in the Venice ecosystem, used to provide access to AI model credits. Each DIEM corresponds to $1 worth of daily Venice AI credits.DIEM can only be minted by staking and locking VVV. Users can use or sell these AI credits. Previously, the DIEM supply target was long fixed at 38,000 tokens.Starting August 3rd, this target will be gradually raised to 40,000 tokens, adding up to 2,000 new DIEM minting capacity to the market. As each newly minted DIEM requires locking more staked VVV, this will correspondingly increase the daily supply of AI API credits.Venice indicated that as the DIEM supply approaches the target, the minting cost (Mint Rate) will gradually increase. This increase in the supply target will provide users with greater minting capacity while maintaining the ecosystem's supply-demand mechanism.This adjustment shows that Venice is strengthening its token economic flywheel through a path of "AI service demand growth → increased API revenue → continuous VVV burning → ecosystem value capture."
THENA Announces 2.0 Roadmap, Plans to Mint Approximately 32.61 Million Tokens to Expand Treasury
Odaily Odaily Planet Daily reports: THENA, the decentralized liquidity platform on the BNB ecosystem, has announced its 2.0 roadmap. It plans to mint THE tokens representing approximately 10% of the original maximum supply (about 32.61 million tokens), split into two rounds of 5% mints deposited into a multi-signature treasury wallet to support long-term ecosystem development and expansion. In terms of its development path, THENA 2.0 focuses on rebuilding core liquidity and trading activity, advancing mobile and consumer-grade trading experiences, building a unified financial ecosystem gateway, with key emphasis on tokenized real-world asset (RWA) liquidity, as well as expanding capabilities for spot and perpetual trading markets. Implementation of this roadmap is subject to approval by the governance mechanism (veTHE voting).
Sonic: Exploring Halt to Supply Increases; Did Not Mint 47.625 Million Tokens as Per Tokenomics This Year
Odaily Odaily Sonic announced on platform X that its tokenomics stipulate the minting of 47.625 million tokens annually to fund growth, with the first distribution originally scheduled for June 18, 2025. Sonic stated that this minting was not carried out this year and is actively working towards stopping the increase in token supply. Currently, the only unresolved issue is validator rewards, as the network needs to fund its own security. The team is researching implementation methods. Sonic noted that this decision is a direct response to requests from the community and stakeholders, and will share more details as work progresses.