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Project Overview
Terminal is a DeFi dashboard platform that provides a unified interface to access and manage decentralized finance (DeFi) activities. It allows users to create and customize their own space to track prices and interact with various protocols.
Rune on Pump.fun Launching MemeStocks: Industry Leaders Should Drive More Innovation Rather Than Continuously Copying Proven Models
Odaily News – Crypto trader Rune (@RuneCrypto_) posted on X, stating that Pump.fun holds over $2 billion in cash, with a valuation of approximately $4.4 billion, making it one of the most influential platforms in the Meme coin market this cycle. However, since launching the Bonding Curve model, its subsequent product expansion has largely been a response to market demand already validated by other teams.Rune cited examples, noting that after Axiom's rise, Pump acquired Padre and renamed it Terminal; after fomo emerged, Pump added social features to compete for KOLs; and now that products combining Meme coins with equity-related assets have appeared on BNB Chain, Robinhood, Stonks, and Base, Pump has launched a similar MemeStocks feature.Rune stated that this strategy is not entirely ineffective—for instance, Padre's market share rose from roughly 2% to 10% after its acquisition. However, as a leading platform with substantial capital and resources, Pump should focus more on creating unvalidated new products rather than continuously replicating existing models. Otherwise, it may weaken the incentive for smaller teams to pursue product innovation, ultimately slowing the industry's overall pace of development.
Pump.fun Burns ~$370M Worth of PUMP Tokens and Launches Programmatic Buyback-and-Burn Mechanism
According to an official announcement by Pump.fun, the platform has completed the burning of all previously repurchased $PUMP tokens, amounting to approximately $370 million—roughly 36% of the circulating supply. The burn was executed via two on-chain transactions at 20:52 UTC. Simultaneously, Pump.fun has launched a programmable buyback-and-burn mechanism, allocating 50% of its net revenue over the next year toward publicly purchasing $PUMP on the open market and immediately burning 100% of the acquired tokens. This mechanism is enforced via an immutable smart contract covering revenue streams from Pump.fun’s three core product lines: the bonding curve, PumpSwap, and Terminal. Its execution comprises four steps: fee collection, aggregation into an intermediate wallet, buyback, and burn—all of which can be tracked in real time at fees.pump.fun. The remaining 50% of revenue will fund operational expenses and ecosystem development, including team expansion, strategic investments, and marketing initiatives. Pump.fun stated that this move aims to address community concerns regarding the token’s long-term value and the transparency of the buyback mechanism, with the overarching goal of continuously reducing the circulating supply.
Rune on Pump.fun Launching MemeStocks: Industry Leaders Should Drive More Innovation Rather Than Continuously Copying Proven Models
Odaily News – Crypto trader Rune (@RuneCrypto_) posted on X, stating that Pump.fun holds over $2 billion in cash, with a valuation of approximately $4.4 billion, making it one of the most influential platforms in the Meme coin market this cycle. However, since launching the Bonding Curve model, its subsequent product expansion has largely been a response to market demand already validated by other teams.Rune cited examples, noting that after Axiom's rise, Pump acquired Padre and renamed it Terminal; after fomo emerged, Pump added social features to compete for KOLs; and now that products combining Meme coins with equity-related assets have appeared on BNB Chain, Robinhood, Stonks, and Base, Pump has launched a similar MemeStocks feature.Rune stated that this strategy is not entirely ineffective—for instance, Padre's market share rose from roughly 2% to 10% after its acquisition. However, as a leading platform with substantial capital and resources, Pump should focus more on creating unvalidated new products rather than continuously replicating existing models. Otherwise, it may weaken the incentive for smaller teams to pursue product innovation, ultimately slowing the industry's overall pace of development.
AVE All-Terminal Access to Hyperliquid Trading with Promotional Event, Total Prize Pool $12,000
AVE has now fully integrated Hyperliquid on-chain contract trading across its mobile app, TG Bot, and PC client, providing users with a more convenient and multi-scenario on-chain contract trading experience.On the occasion of this feature upgrade, AVE is launching the "AVE x Hyperliquid Contract Upgrade Benefits" event, inviting all users to actively participate and share in rewards of up to 12,000U.Event Period: July 16, 2026, 18:00 – July 26, 2026, 23:59 (UTC+8)Two Core Rewards:Open Orders to Share Up to 4,000UUsers who deposit and have a cumulative margin of at least 20 USDT for opening positions will share a 2,000U prize pool. If the number of eligible users exceeds 500, the prize pool doubles to 4,000U.Trading Leaderboard to Share Up to 8,000UUsers with a cumulative trading volume of 20,000U are eligible to participate in the ranking. The top 100 will share the prize pool according to the rules. The base prize pool is 3,000U, increasing with the total trading volume of the event, up to a maximum of 8,000U.Eligible trades will be automatically included in the statistics. Both rewards can be earned simultaneously.Welcome all users to participate in Hyperliquid on-chain contract trading. Trade more, earn more rewards, and collectively unlock a bigger prize pool.Note: This event is subject to the final interpretation rights of Ave.ai. All trading records are uploaded to the blockchain in real-time, ensuring the ranking data is tamper-proof.
Binance Lists Genius Terminal (GENIUS) and OpenGradient (OPG) with Seed Label
According to Binance’s official announcement, Binance has listed Genius Terminal (GENIUS) and OpenGradient (OPG) on May 22, 2026, at 11:00 AM UTC, enabling six spot trading pairs: GENIUS/USDT, GENIUS/USDC, GENIUS/TRY, OPG/USDT, OPG/USDC, and OPG/TRY. Withdrawals will be enabled the following day at the same time.
Greeks.live Macro Researcher: The decline has not caused market concern; the current market does not support chasing short positions
, Greeks.live macro researcher Adam posted on platform X stating that through Options Terminal analysis of the weekend market, it was found that large funds mainly engaged in three types of operations:Selling near-term gamma and near-month volatility;Buying downside protection for medium-to-long-term tenors, or constructing defensive structures such as put fly and collar;Conducting pin and roll operations around the $79,000 to $80,000 range.He stated that the current market does not support chasing short positions, and the decline has not caused market concern, with whales expecting short-term consolidation.
Zhipu AI Releases GLM-5.3: Coding and Long-Horizon Task Capabilities Significantly Improved, Model Weights to Be Released in Two Weeks
Z.ai releases GLM-5.3, based on the same foundation model as GLM-5.2, achieving capability improvements through expanded post-training. According to the official announcement, GLM-5.3 improves by 50% over GLM-5.2 on the internal Z.ai Code Bench coding benchmark, and reaches a leading level among open models in public benchmarks such as Terminal Bench 3.0 and Agents' Last Exam. In terms of cybersecurity, GLM-5.3 achieved a score of 84.5% in the CyberGym vulnerability discovery test, and significantly improved compared to the previous generation in exploit chain-related tests such as ExploitBench and ExploitGym.
North Korea’s Lazarus Group Launches macOS Malware Attack
According to CoinDesk, the North Korean hacking group Lazarus Group has launched a new macOS-targeted campaign dubbed “Mach-O Man,” aimed at executives and institutions within high-value sectors such as cryptocurrency and fintech. The attack employs a social engineering technique called “ClickFix” to trick victims into pasting commands into their Mac Terminal, thereby granting attackers access to corporate systems, SaaS platforms, and financial resources. CertiK researchers stated that “Mach-O Man” is a modular macOS malware toolkit developed by Lazarus Group, now also adopted by other cybercriminal groups. It often self-deletes before victims detect it, complicating attribution and detection. Additionally, attackers have already carried out this campaign by hijacking DeFi project domains and replacing legitimate Cloudflare messages with fake ones.
Zhipu AI Releases GLM-5.3: Coding and Long-Horizon Task Capabilities Significantly Improved, Model Weights to Be Released in Two Weeks
Z.ai releases GLM-5.3, based on the same foundation model as GLM-5.2, achieving capability improvements through expanded post-training. According to the official announcement, GLM-5.3 improves by 50% over GLM-5.2 on the internal Z.ai Code Bench coding benchmark, and reaches a leading level among open models in public benchmarks such as Terminal Bench 3.0 and Agents' Last Exam. In terms of cybersecurity, GLM-5.3 achieved a score of 84.5% in the CyberGym vulnerability discovery test, and significantly improved compared to the previous generation in exploit chain-related tests such as ExploitBench and ExploitGym.
DeFi Overall Deposits Decline 15%, RWA Deposits Rise Against Trend to $7.4 Billion
According to BeInCrypto, a latest report jointly released by CoinShares and Token Terminal shows that over the past year (Q2 2025 to Q2 2026), the deposit volume of tokenized real-world assets (RWA) in the DeFi sector increased from $2.3 billion to $7.4 billion, a year-on-year increase of more than twofold, while total DeFi deposits declined by approximately 15% during the same period. The growth was primarily concentrated in yield-bearing products, including tokenized treasury bonds and multi-strategy funds (such as JTRSY, BUIDL, sUSDS), with Aave, Morpho, and Kamino providing the deepest liquidity. Meanwhile, on-chain RWA spot trading volume increased by approximately 220% year-on-year, while native crypto spot trading volume on decentralized exchanges fell by approximately 70%.
AVE All-Terminal Access to Hyperliquid Trading with Promotional Event, Total Prize Pool $12,000
AVE has now fully integrated Hyperliquid on-chain contract trading across its mobile app, TG Bot, and PC client, providing users with a more convenient and multi-scenario on-chain contract trading experience.On the occasion of this feature upgrade, AVE is launching the "AVE x Hyperliquid Contract Upgrade Benefits" event, inviting all users to actively participate and share in rewards of up to 12,000U.Event Period: July 16, 2026, 18:00 – July 26, 2026, 23:59 (UTC+8)Two Core Rewards:Open Orders to Share Up to 4,000UUsers who deposit and have a cumulative margin of at least 20 USDT for opening positions will share a 2,000U prize pool. If the number of eligible users exceeds 500, the prize pool doubles to 4,000U.Trading Leaderboard to Share Up to 8,000UUsers with a cumulative trading volume of 20,000U are eligible to participate in the ranking. The top 100 will share the prize pool according to the rules. The base prize pool is 3,000U, increasing with the total trading volume of the event, up to a maximum of 8,000U.Eligible trades will be automatically included in the statistics. Both rewards can be earned simultaneously.Welcome all users to participate in Hyperliquid on-chain contract trading. Trade more, earn more rewards, and collectively unlock a bigger prize pool.Note: This event is subject to the final interpretation rights of Ave.ai. All trading records are uploaded to the blockchain in real-time, ensuring the ranking data is tamper-proof.
Bitwise: Crypto Stocks Rise 23% in First Half of 2026, Outperforming Most Major Asset Classes
Bitwise released a report stating that while crypto asset prices fell by approximately 36% in the first half of 2026, crypto-related stocks rose by 23%. This performance trailed only emerging market stocks, outpacing all other major asset classes. Bitwise Head of Research Ryan Rasmussen noted that the 30 crypto-related publicly listed companies in the Bitwise Crypto Innovators 30 Index outperformed the U.S. stock market by a factor of two, driven by factors including AI computing demand benefiting mining companies, stablecoin issuers, and asset tokenization platforms.Furthermore, according to Token Terminal data, the top ten crypto applications generated cumulative revenue of $5.9 billion over the past 12 months. PancakeSwap, Hyperliquid, and Aave ranked in the top three, with cumulative revenues of $923 million, $912 million, and $877 million, respectively.During the same period, the scale of tokenized real-world assets reached $33 billion in the second quarter, an increase of 45% from the beginning of the year; open interest in prediction markets hit an all-time high of $1.8 billion, with quarterly trading volume reaching $43 billion. (The Block)
Kalshi Launches Professional Trading Terminal Kalshi Pro, Supporting Multi-Market Operations and Perpetual Contract-Specific Trading Tools
: Prediction market platform Kalshi has officially launched the beta version of its professional trading terminal, Kalshi Pro. The product is targeted at high-frequency, professional event traders to meet real-time trading demands across multiple markets. The terminal is equipped with several institutional-grade features, including real-time public trade data feeds, full order book depth, multi-leg contract calculation, and batch order management. It also introduces professional charting tools and position risk management tools tailored for perpetual contracts. Kalshi Product Lead Andy Chang stated that active traders now view prediction markets and perpetual contracts as standardized trading asset classes comparable to stocks and bonds. Kalshi Pro aims to provide professional investors with the complete suite of institutional trading capabilities they require. (CNBC)
Kalshi to Launch Perpetual Contract-Specific Terminal Kalshi Pro This Summer
Barron's reporter Nick Devor posted on X, stating that Kalshi revealed new developments regarding its "perpetual contract" product at today's Kalshi Perpetuals event. Perpetual contracts are now open to the public (currently supporting 11 tokens), and its proprietary trading terminal, Kalshi Pro, will be launched later this summer.
Related news
Daily Trading Volume of Tokenized Stock DEX on Base Exceeds $100 Million for the First Time
Data from Token Terminal shows that the daily trading volume of tokenized stock DEX on Base surpassed $100 million for the first time, setting an all-time high. Over the past 30 days, cumulative trading volume totaled approximately $730.9 million, with Aerodrome contributing around $557.1 million, accounting for about 76%.
Tokenized Stock Asset Holders Grew 619.1% Over the Past 90 Days to 3.6 Million
According to Token Terminal monitoring, tokenized stock asset holders grew 619.1% over the past 90 days to 3.6 million. BNB Chain leads with 1.5 million, followed by Robinhood Chain with 1.2 million, and Solana with 647,500.
Rune on Pump.fun Launching MemeStocks: Industry Leaders Should Drive More Innovation Rather Than Continuously Copying Proven Models
Odaily News – Crypto trader Rune (@RuneCrypto_) posted on X, stating that Pump.fun holds over $2 billion in cash, with a valuation of approximately $4.4 billion, making it one of the most influential platforms in the Meme coin market this cycle. However, since launching the Bonding Curve model, its subsequent product expansion has largely been a response to market demand already validated by other teams.Rune cited examples, noting that after Axiom's rise, Pump acquired Padre and renamed it Terminal; after fomo emerged, Pump added social features to compete for KOLs; and now that products combining Meme coins with equity-related assets have appeared on BNB Chain, Robinhood, Stonks, and Base, Pump has launched a similar MemeStocks feature.Rune stated that this strategy is not entirely ineffective—for instance, Padre's market share rose from roughly 2% to 10% after its acquisition. However, as a leading platform with substantial capital and resources, Pump should focus more on creating unvalidated new products rather than continuously replicating existing models. Otherwise, it may weaken the incentive for smaller teams to pursue product innovation, ultimately slowing the industry's overall pace of development.
Euro stablecoins see a $156 million year-to-date increase, while USD stablecoin supply remains nearly stagnant.
According to Cryptopolitan, the latest data from Token Terminal indicates that the total supply of euro-denominated stablecoins reached $848.1 million on September 7, reflecting a year-to-date growth of approximately 22.6%, or a net increase of around $156 million. During the same period, US dollar stablecoins saw a net increase of merely $159 million; however, their base stands at $298.5 billion, making it 350 times larger than the euro stablecoin market. Regarding market concentration, EURC and EURCV collectively account for 82% of the euro stablecoin supply. EURCV, issued by SG-Forge—a digital asset subsidiary of Société Générale—holds a MiCA-compliant license and represents 19.6% of the market, marking it as the first stablecoin primarily backed by a licensed European bank subsidiary. On-chain distribution shows that Ethereum captured approximately $125 million in new issuances year-to-date, claiming a 69.4% market share, while Solana added around $30 million, securing 14.7%. Combined, these two chains accounted for nearly all annual growth. Conversely, Base witnessed a contraction, declining from $73.9 million to $58.7 million. Analysts point out that the expansion of euro stablecoins is predominantly supply-driven by issuers rather than demand-pulled by users. Liquidity for euro pairs within DeFi lending pools and perpetual contracts remains sparse, indicating that the supply-demand imbalance has yet to be resolved.
The seven most actively traded tokenized stocks are all on BNB Chain or Robinhood Chain, generating $4.3 billion in DEX trading volume over the past 30 days
Odaily News, Token Terminal posted on the X platform that the seven tokenized stocks with the highest trading volume are all on BNB Chain or Robinhood Chain. Over the past 30 days, these tokenized stocks generated a combined $4.3 billion in DEX trading volume. Among them, QQQb on BNB Chain ranked first with $1.6 billion in trading volume, while SPCXb and SPYb ranked second and third with $848.9 million and $644.5 million, respectively.Additionally, the top seven also include NVDA, SPACEX, and SPY on Robinhood Chain, as well as NVDAb on BNB Chain.
DeepSeek V4 Flash Self-Evaluation Filtering Accuracy Rises to 88%, Surpassing Claude Fable 5
The Stanford team used DeepSeek V4 Flash to sample 5 answers and had the same model self-evaluate and score them, improving accuracy from 79% to 88% on Terminal-Bench 2.1, surpassing Claude Fable 5, with costs only 1/11 of the competitor's. This method validates the potential of test-time scaling; the relevant framework has been open-sourced and is reproducible.