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Eliza Labs' Shaw Walters Says ai16z Token Is 'Dead' After Settling Burwick Law Class Action
Tokens

Eliza Labs' Shaw Walters Says ai16z Token Is 'Dead' After Settling Burwick Law Class Action

The token that once carried a $2.5 billion market capitalization is now worth about $305,000, and Walters says he owns none of it.
Polygon Turns Kansai Electric Loyalty Points Into JPYC Spending
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Polygon Turns Kansai Electric Loyalty Points Into JPYC Spending

Rewards earned in the utility giant's MOACT app now convert into Japan's regulated yen stablecoin, usable across DeFi through HashPort Wallet.
'Coinbase Man' Token Crashes as Armstrong Swaps His Avatar for a CryptoPunk
Tokens

'Coinbase Man' Token Crashes as Armstrong Swaps His Avatar for a CryptoPunk

Coinbase CEO Brian Armstrong set his X profile picture to the artwork behind a Base memecoin, then replaced it with a newly acquired CryptoPunk. The $BRIAN token round-tripped from obscurity to millions and back, a stark test of how far one social cue can move an onchain market.
CASHCAT Falls 75% from Peak After Hyperliquid Perp Listing
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CASHCAT Falls 75% from Peak After Hyperliquid Perp Listing

The Robinhood Chain memecoin's slide has erased most of a 4,000% run, even as its spot price held through a 60% perp wick that liquidated leveraged traders.
Arbitrum to Capture 10% of Fees From Robinhood Chain
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Arbitrum to Capture 10% of Fees From Robinhood Chain

Offchain Labs co-founder Steven Goldfeder says every Arbitrum-based Layer 2, not just Arbitrum One, will now route a fee cut back to the ARB treasury.
Pump.fun Adds Trading for Robinhood Chain Tokens as CASHCAT Meme Coin Frenzy Builds
Tokens

Pump.fun Adds Trading for Robinhood Chain Tokens as CASHCAT Meme Coin Frenzy Builds

The Solana launchpad says its app now routes "crosschain" trades into Robinhood-linked tokens with no bridging, a day after CEO Vlad Tenev called his company's new blockchain "great for memes too."
Humanity Protocol Launches New H Token Airdrop After $36M Exploit
Tokens

Humanity Protocol Launches New H Token Airdrop After $36M Exploit

Humanity Protocol has announced a full token migration and 1:1 airdrop of a new H token after the June 8 exploit that drained approximately $36 million.
Lava Network Signs Tokenization Pact for Planned 40,000-Unit Caribbean Project
Tokens

Lava Network Signs Tokenization Pact for Planned 40,000-Unit Caribbean Project

The agreement with developer BHL Group is an early-stage memorandum of understanding, and the Alba Bay community is not slated to break ground until 2027
io.net to Burn Up to 12M Tokens as Network Closes $8M Deal and Hits 4 Billion Daily AI Tokens
Tokens

io.net to Burn Up to 12M Tokens as Network Closes $8M Deal and Hits 4 Billion Daily AI Tokens

io.net, the world’s largest decentralized GPU network, will burn a minimum of 12 million $IO tokens over the coming year under its new Incentive Dynamic Engine, a tokenomics model that permanently destroys tokens based on real customer revenue. The launch arrives alongside an $8M enterprise contract and record AI inference volume of over 4 billion tokens per day.
Revenue becomes Tokenomics: KGeN Burns 22M Tokens and Links $85.8M Platform to Perpetual Supply Reduction
Education

Revenue becomes Tokenomics: KGeN Burns 22M Tokens and Links $85.8M Platform to Perpetual Supply Reduction

KGeN, the verified human network powering training of foundation models for Frontier AI and Robotics Labs, today launched $KGEN 2.0, a framework that permanently links its growing revenue to recurring token supply reduction. The Genesis Burn retires 22M $KGEN tokens (10% of circulating supply) in the largest single supply retirement event in the protocol's history.