MANTRA proposes to abolish ERC20 OM and adjust the token inflation rate to 8%
According to MANTRA official news, MANTRA Chain is proposing to deprecate the ERC20 version of the OM token and plan to fully migrate it to MANTRA Chain as the sole native foundation. This proposal aims to promote ecosystem development by consolidating liquidity, adjusting the token inflation rate to 8%, setting a supply cap of 2.5 billion OM, and enhancing network security.
Since the launch of the MANTRA Chain mainnet, approximately 250 million OM tokens (approximately 28% of the total supply) have been migrated. If the proposal is passed, the ERC20 OM token will be officially deactivated on January 15, 2026, and any ERC20 OM tokens that have not been migrated will be considered abandoned. Voting will begin at 7:50 PM Beijing time on August 20, 2025, and end at 7:50 PM on August 22, 2025.
Blockchain startup Legion completes $5 million seed round led by VanEck and Brevan Howard Digital
According to Fortune, blockchain startup Legion announced the completion of a $5 million seed round of financing led by VanEck and Brevan Howard Digital, with participation from institutions such as Kraken, Coinbase and Crypto.com.
Legion aims to create a compliant ICO platform, offering companies rigorous IPO-like standards while leveraging crypto technology to facilitate token sales. The founders stated that the platform will adhere to the latest EU regulations, requiring projects to publish detailed white papers and regularly update them, to avoid scams common in the ICO era. This funding round includes equity and token subscription rights, and the specific valuation was undisclosed.
Binance Wealth Chain will launch a Plasma USDT fixed-term product at 8:00 PM on August 20, 2025. This product is available for a limited time, with a total subscription limit of 250 million USDT. Users can purchase USDT to receive daily USDT rewards and the Plasma Protocol's XPL airdrop (to be distributed after the TGE). The total XPL reward pool consists of 100 million tokens, representing 1% of the total token supply. Rewards will be distributed proportionally based on random snapshots taken during the event.
According to the latest news released by Kaito founder Yu Hu, Kaito achieved an annualized revenue of approximately US$40 million in the first half of the year, of which more than 80% can be verified on-chain, making it the highest-earning AI application in the crypto field.
Kaito has outlined its future growth plan, with the focus over the next 12 months including strengthening on-chain and social integration, optimizing leaderboards and Kaito Earn to improve matching efficiency and return on investment, and promoting the construction of a multi-platform distribution network.
Kaito also announced the launch of Kaito Venture, which aims to invest in and accelerate crypto applications that can leverage its distribution advantages, further enhancing the ecosystem's value cycle. Yu Hu stated that Kaito is at a critical juncture in innovation and will drive industry development based on its vision of "information financialization" through core features such as sovereign data ownership, market-driven signals, and an open information marketplace.
The company plans to use its strategic reserve of 6 million KAITO tokens to incentivize creators and ecosystem development, while exploring long-term behavioral reward mechanisms to promote network growth.
According to CryptoQuant analysis, Bitcoin is currently experiencing slowing demand and profit-taking. Since July, apparent demand for Bitcoin has fallen by two-thirds, from a peak of 174,000 to the current 59,000. Meanwhile, demand from US ETFs and institutional buyers has also declined significantly, with 30-day net ETF purchases falling to 11,000, the lowest since April. Market sentiment has shifted from "extremely bullish" to "cooling bullish," and Bitcoin's price has slowed after breaking through $120,000. Furthermore, since July, Bitcoin holders have realized $74 billion in net profits, including $2 billion in profits for whale investors on August 16th. CryptoQuant believes that Bitcoin's downside risk is limited, with $110,000 likely acting as support. This price, realized by on-chain traders, could reduce market participants' incentive to sell.
According to Ember's monitoring, a user who rolled over 125,000 ETH to $6.99 million withdrew 130,000 USDC from Hyperliquid 40 minutes ago, effectively withdrawing $125,000 in principal. He then used the remaining $640,000 in profits to open a long position of 3,694 ETH at 25x leverage, totaling approximately $15.75 million. The opening price was $4,272, and the liquidation price was $4,183.
Coinbase Adds AWE, DOLO, FLOCK, LAYER, and SPX to Listing Roadmap
Coinbase Assets announced today that it has added AWE Network (AWE), Dolomite (DOLO), Flock (FLOCK), Solayer (LAYER), and SPX6900 (SPX) to its asset listing roadmap. The official contract addresses for each asset on the Base, Ethereum, and Solana networks have also been released. The platform stated that the launch of trading for these assets is subject to market support and technical requirements, and the specific launch date will be announced separately.
The Federal Reserve released minutes of its July meeting, which noted that many participants discussed recent and future developments related to payment stablecoins and their potential impact on the financial system. These participants noted that the recent passage of the GENIUS Act (United States Stablecoin Guidance and National Innovation Act) could increase their use. They stated that payment stablecoins could help improve the efficiency of the payment system and observed that such stablecoins could increase demand for their underlying assets, including U.S. Treasury securities. Furthermore, participants expressed concern that stablecoins could have broader implications for the banking and financial systems, as well as for the implementation of monetary policy, worthy of close scrutiny, including monitoring the various assets used to back them.
Federal Reserve meeting minutes show that officials are closely monitoring the growth of stablecoins and their associated risks after the passage of the Genius Act.
According to statistics from the financial blog Zero Hedge, stablecoins were mentioned 8 times in the minutes of this Federal Reserve meeting.
BNB Treasury Company WINT Will Be Delisted Due to Failure to Meet Nasdaq Listing Standards
According to an announcement on the SEC's official website, Nasdaq has decided to suspend trading of Windtree Therapeutics (WINT) common stock, effective August 21, 2025, and initiate delisting procedures due to its failure to comply with Nasdaq Listing Rule 5550(a)(2). The company's shares will be transferred to the OTC market, trading under the symbol WINT. Windtree Therapeutics has applied for listing on the OTCID market, but approval is not guaranteed. The company's business and operations remain unaffected, and it will continue to submit regular reports to the SEC.
As reported last month, publicly listed Windtree announced it had secured $520 million in new funding to expand its BNB funding strategy .
According to an announcement from the Wormhole Foundation, LayerZero has proposed acquiring Stargate (STG) for approximately $110 million in ZRO tokens. Wormhole believes this offer undervalues the Stargate protocol's assets and growth. Stargate's bridged volume reached $4 billion in July, a tenfold year-over-year increase, with a TVL of $345 million and projected annual revenue of $2 million. Wormhole plans to submit a higher bid and has requested a five-day suspension of the current snapshot voting process to allow for the completion of the bidding process and protect the interests of STG holders.
Fed Governor Tim Cook says he won't resign over bullying, Trump officials swiftly refute
Federal Reserve Board Governor Cook issued a statement saying: "I have learned from the media that Federal Housing Finance Agency Director Pulte posted on social media that he was making a criminal referral for a mortgage application four years ago, which was before I joined the Federal Reserve. I have no intention of being forced to resign because of some questions raised on Twitter and the bullying I have received. As a member of the Federal Reserve, I do take any questions about my personal financial history seriously, so I am gathering accurate information and providing facts to answer any legitimate questions." Pulte also quickly responded, saying: "Ms. Cook, you or your lawyers can write whatever you want. You were exposed based on mortgage documents, not Twitter."
Judge unfreezes $57.6 million in USDC assets related to Libra
According to Decrypt, a Manhattan federal judge has unfrozen $57.6 million in USDC assets linked to the Libra (LIBRA) meme coin scandal. The assets were previously frozen after investors accused Hayden Davis (CEO of Kelsier Labs) and Ben Chow (founder of Meteora) of misleading them. The judge stated that the defendants cooperated in the lawsuit, the plaintiffs failed to prove irreparable harm, and the case remains in its early stages. Libra, which was promoted by Argentinian President Javier Milei, saw its market value plummet 97% after its IPO.
OKB breaks through $190, setting a new all-time high
OKB has just broken through $190, setting a new all-time high, according to OKX market data. It is currently trading at around $189 per coin.
DigiFT, an on-chain RWA exchange, announced the completion of a new round of strategic financing in August 2025, led by SBI Holdings, Japan's largest financial group, with participation from Mirana Ventures, Offchain Labs (Arbitrum), Yunqi Capital, and global fintech executives. This round brings DigiFT's total funding to $25 million. The funds will be used to expand tokenized products, enhance secondary market liquidity for RWA, expand on-chain application scenarios, and build a compliant smart contract infrastructure.
Kanye West Launches Meme Coin YZY on Solana
According to Aggr News, Kanye West has launched a meme coin called "YZY" on the Solana blockchain.
It is reported that Kanye West (now known as Ye), born in Atlanta, USA in 1977, is one of the most influential hip-hop musicians in the world, as well as a songwriter, producer and entrepreneur.
According to the YZY Money website, YZY Money has launched a new token, YZY, minted on the Solana blockchain. YZY supports crypto payments through Ye Pay, can be purchased with credit cards or USDC, and can be traded through the Jupiter App. YZY uses a random selection mechanism for 25 contract addresses to prevent front-running, and the official liquidity pool is now live. Team shares are locked on-chain using the Jupiter Lock protocol and unlocked in batches, with lock-up periods of 3, 6, and 12 months, followed by a 24-month linear release. YZY, Ye Pay, and YZY Card are independent projects, and YZY does not constitute an investment contract or security.
Of the total supply of YZY tokens, 20% is allocated to the public, 10% is used for liquidity, and Yeezy Investments LLC receives a 50% share, which is locked in three tiers: 30% is unlocked after three months, 20% is unlocked after six months, and 20% is unlocked after twelve months, all using a 24-month linear release mechanism.
Coinbase executive estimates: At least 94% of new Kanye tokens are held internally
Coinbase director Conor Grogan tweeted that at least 94% of the new Kanye tokens are held internally, of which 87% were once controlled by a single multi-signature wallet and are now dispersed across multiple addresses; about 3% were purchased in large amounts by multiple wallets at the opening, and 7% were used in liquidity pools.
