22m agoHyperliquid Strategies Reports 29.3M HYPE Tokens Worth About $1.9B After $647M Equity Financing; PURR Jumps 15%Hyperliquid Strategies said it completed $647 million in equity financing and lifted its HYPE reserve to 29.3 million tokens valued at about $1.9 billion at the year end price. It also reported spending $773.4 million to buy roughly 16.5 million HYPE at an average $46.77, as PURR rose about 15%.37m agoBinance shifts 3.09T SHIB in internal wallet moves to bolster cold storage setupBinance executed a series of large internal transfers totaling 3.09 trillion $SHIB as part of efforts to strengthen its cold storage framework. Arkham data shows the exchange carried out two transactions within 60 seconds, moving roughly $16.46 million in value between Binance-controlled wallets. The transfers included 1.099 trillion $SHIB, followed by 2 trillion $SHIB.42m agoEthena Foundation rolls out four major ecosystem changesPANews, Aug. 27 — The Ethena Foundation said it is implementing four changes across the Ethena ecosystem. The measures include buying back locked tokens held by early investors, tightening the linkage between token and equity value, preparing a governance proposal for income-backed ENA buybacks, and ending future monthly VC token unlocks. The Foundation stated it has repurchased all locked tokens from key seed investors who sold ENA over the past nine months. On aligning token and equity value, the Foundation and Ethena Labs have signed a Master Framework Agreement under which all intellectual property and value created through the arrangement will be owned exclusively by the Foundation and governed by ENA holders. Under the new structure, equity investors in Ethena Labs will no longer be entitled to residual cash flows.44m agoETH exchange balances down 1.41M since June 3; BTC holdings edge higherHuoxing Finance cited Santiment Intelligence data showing that since June 3, total ETH held on exchanges has fallen from about 7.69 million to roughly 6.28 million, a decline of around 1.41 million ETH, or 18%. Since Aug. 19 alone, another 275,000 ETH have left exchanges, taking balances to the lowest level in the period covered. Over the same timeframe, BTC balances on exchanges rose by about 0.25%, sitting near the upper end of their recent range. Santiment said the drawdown in exchange-held ETH has persisted even as prices climbed: since Aug. 16, ETH has gained roughly 27% while sizable amounts of ETH continued to be withdrawn from exchanges.47m agoEthena Foundation buys out locked seed tokens from ENA-selling investors; fee switch proposal goes liveThe Ethena Foundation unveiled four major ecosystem updates. First, the Foundation said it has bought out all locked tokens held by certain large seed investors that sold any ENA over the past nine months. Second, the Foundation and Ethena Labs have entered into a Master Framework Agreement. Under the arrangement, IP and ownership of value accrued by the protocol will be assigned exclusively to the Foundation and governed by token holders, with no residual cash flow owed to equity investors in the Ethena Labs entity. Third, a governance proposal is now live to implement the fee switch. If approved, net revenue generated across Ethena-branded business lines will be used programmatically to buy back ENA. Fourth, the Foundation and lead investors agreed to remove future overhang tied to monthly VC unlocks by releasing unvested tokens. Team tokens will remain locked under the original vesting schedules.51m agoEthena Details Four Ecosystem Moves: Early-Investor Token Repurchases, Governance "Fee Switch", and VC Unlock HaltEthena, the stablecoin protocol, has unveiled four ecosystem changes covering token repurchases, governance and revenue use, and updates to investor unlock terms. First, the Ethena Foundation said it has already repurchased a portion of locked ENA from certain large seed-round investors who sold ENA over the last nine months. Second, the Foundation disclosed it has signed a master framework agreement with Ethena Labs that transfers ownership of all intellectual property and protocol-generated value to the Foundation, which is governed by ENA holders. The stated goal is to ensure any protocol value accretion does not translate into residual cash flows to Labs' equity investors. Third, a governance proposal to activate the "fee switch" is now live. It would direct net revenue across Ethena's business lines to an automated ENA buyback program. The proposal has been approved by the Risk Committee. Finally, Ethena said it is canceling the monthly token unlock schedule for future VC investors to remove market concerns about ongoing sell pressure from newly released, unvested tokens. Team tokens will continue to follow the original lockup and vesting timeline. Ethena said the package is intended to tighten alignment between the ENA token and the protocol's underlying value.52m agoSolana DeFi Development Corp adds 19,000 SOL; total treasury rises to 2.33MPANews, Aug. 27 — DeFi Development Corp, Solana's treasury entity, said it has resumed buying SOL. The company purchased 19,000 SOL for about $1.86 million, paying an average of $98.14 per token. Solana's treasury now holds roughly 2.33 million SOL, worth about $182 million at current market prices.53m agoSantiment: ETH exchange balances slide 18% since June as BTC holdings tick upChainCatcher reports that Santiment Intelligence data show Ethereum held on exchanges has fallen sharply since June 3, declining from about 7.69 million ETH to roughly 6.28 million ETH. The drop of around 1.41 million ETH represents an 18% reduction. Since Aug. 19 alone, another 275,000 ETH has moved off exchanges, pushing balances to the lowest level seen during the period covered by the report. Bitcoin tells a different story. Over the same timeframe, BTC exchange balances rose about 0.25% and now sit near recent highs. Santiment added that the drawdown in ETH exchange balances has continued even as prices climbed. Since Aug. 16, ETH is up roughly 27%, yet sizable outflows from exchanges have persisted.1h agoEthena Foundation Rolls Out Four Key Changes to the EcosystemEthena Foundation said in an official statement on Aug. 27 that it is implementing four major changes across the Ethena ecosystem, including buying back locked tokens from early backers, tightening the link between ENA's value and the project's equity value, advancing a governance plan to use revenue for ENA repurchases, and ending monthly vesting for future VC allocations. The foundation said it has already repurchased all locked ENA tokens held by certain core seed-round investors who had sold ENA over the past nine months. Ethena Foundation also signed a Master Framework Agreement with Ethena Labs. Under the arrangement, all intellectual property and value created will be owned exclusively by the foundation and governed by ENA holders. Equity investors in Labs will no longer receive residual cash flows. On governance, the Risk Committee has approved moving forward with a proposal to use income to buy back ENA. If implemented, net income across all Ethena business lines will be used for programmatic ENA buybacks. Separately, the foundation said it has reached an agreement with major investors to remove future sell pressure associated with monthly VC vesting by releasing unvested tokens. Team tokens will remain locked under the original vesting schedule.1h agoGenius Group Unveils $12 Billion Funding Plan to Build AI and Bitcoin TreasuriesSingapore-based Genius Group has laid out a capital plan designed to fund a dual-treasury strategy for artificial intelligence and Bitcoin, following board approval, according to a Globenewswire release cited by ChainCatcher. The company is targeting $2 billion in total assets by fiscal year 2031. Under the plan, it is aiming for an AI Treasury of $800 million and a Bitcoin Treasury of $827 million. Management said the financing structure is intended to lift net asset value per share (NAVPS) while limiting dilution for common shareholders, primarily through the use of perpetual preferred stock. Genius Group plans to draw on its $1.2 billion shelf registration, which the U.S. Securities and Exchange Commission (SEC) declared effective on July 18, 2025, to issue publicly registered Perpetual Preferred Securities (PPS) to fund the two treasuries on a value-accretive basis. As an initial step, the company expects to raise $12.5 million via a PPS issuance. The preferred shares are expected to be non-convertible, carry a floating interest rate, and pay dividends monthly. Proceeds are slated for deployment into the AI Treasury, the Bitcoin Treasury, and a U.S. dollar reserve sized to cover roughly 18 months of preferred dividend payments. Genius Group said it has begun discussions with investment banks with experience in preferred securities and digital-asset financing. Final terms and timing have not yet been confirmed.