Shawty Penny

no name

[Shawty Penny @ShawtyPenny]

Join me with @megapot

https://t.co/2qmhCIUs2P

[Ethena Foundation @EthenaFndtn]

We are excited to announce four updates regarding the Ethena ecosystem, further details on each point are provided in the blog linked below:

1. Buyout of early investors:
The Ethena Foundation executed a buyout of all locked tokens from certain major seed investors that sold any ENA within the last 9 months.

2. Alignment of Token & Equity:
The Ethena Foundation and Ethena Labs have reached agreement on a Master Framework Agreement, whereby IP and ownership of value accrued by the protocol is assigned to the Foundation exclusively and governed by token holders with no residual cash flow due to equity investors in the Labs entity.

3. Revenue Buybacks:
Governance proposal now live for the implementation of the fee switch whereby net revenue accrued across all business lines under the Ethena brand will be used to programmatically buy back the ENA token.

The vote for revenue buyback fee switch implementation is now here, and has already been approved by the Risk Committee:

https://t.co/2urvkqlE6N

4. Removal of monthly VC unlocks:
The Ethena Foundation and lead investors have agreed to eliminate future overhang associated with monthly VC investor unlocks by releasing unvested tokens. All team tokens remain locked per the original vesting schedules.

Further details and documentation is provided in the blog linked below:

[CertiK Alert @CertiKAlert]

#CertiKInsight 🚨

We have seen an exploit of @MoonwellDeFi lending market on Base.

Attacker manipulated relatively illiquid MAMO’s collateral price, then borrowed real cbBTC
eg. https://t.co/yOBrkzXzfn

~$8.7M has now been aggregated at
https://t.co/7nIcZ59jpw

Stay Vigilant!

[Wu Blockchain @WuBlockchain]

Pumpfun Expands Beyond Solana With HyperEVM Token Trading

Pumpfun said its app now fully supports HyperEVM, allowing users to trade any HyperEVM token with USDC. The dominant Solana memecoin launchpad charges 0% trading fees on Solana and 0.1% on HyperEVM, Robinhood, BNB, Base and other supported markets.

[Machi Big Brother @machibigbrother]

Friendtech is trading at less than 300k market cap. I’m offering a 1 mil usd buyout offer to Racer and @paradigm. We can CTO relaunch base:0x0bd4887f7d41b35cd75dff9ffee2856106f86670.

[Snapshot @SnapshotLabs]

@NexusMutual is voting in its Community subspace to redeem a ~$14.2M investment in @re's $RE and move $9M into reUSDe, a tokenized product that earns yield while retaining exposure to RE.

The team says the position grew from $12M and is nearing the end of its intended lifecycle. The remaining ~$5.2M could help capitalize Fern Re - a proposed Cayman Islands reinsurance entity - but only if the separate Part B vote approves it.

2 wallets have cast 84,692 NXM so far: 100.0% For. Only 27.6% of the 307,217 NXM quorum has been reached.

Voting closes August 28th at 4:28pm UTC.

Proposal: https://t.co/tOXQoZRM1S

[フ ォ リ ス @follis_]

$HYPE – imagine the smell

[City Protocol @cityprotocolHQ]

We raised $11M in our Seed and Pre-A rounds to bring Structured Products on-chain, democratizing diversified financial access.

Backed by: @dragonfly_xyz @CMT_Digital @StratifiedCap @BitscaleCapital @Adaverse_Acc @mirana @jump_

[CoinGecko @coingecko]

INSIGHT: $ZRO rises 14.7% after LayerZero unveils ATLAS, a backend infrastructure for trading, clearing and settlement.

[Crypto With Gopal @cryptowithgopal]

$SUI is forming a bearish pennant 👀

Price broke below the pennant support near $0.80, confirming bearish momentum after the consolidation. If sellers stay in control, the move could extend toward the $0.61 target 📉🔥

Bears have taken control. Bearish sentiment building.

#Sui #SUI #Crypto #Altcoins #CryptoTrading

[More Crypto Online @Morecryptoonl]

sui:native
SUI is approaching the next larger resistance area between $1.09279 and $1.71.

[RT @RT_com]

LAB PUTS HUMANS in MOTION-CAPTURE SUITS to TEACH ROBOTS ‘POSITIONS’

[Kalshi @Kalshi]

JUST IN: 80% of Nvidia employees are millionaires

[Ethena @ethena]

Following the recent reduction of mint fees on USDC to 0bps, USDC:USDT secondary market pricing is now at parity.

We are pleased to share USDT mints for Ethena USDe are now also free at 0bps for all onboarded mint and redeem users.

Mint and redeem fees remain subject to change based on external market pricing. Updated schedules detailed below for reference:

[unusual_whales @unusual_whales]

"Gen Z is moving money from stocks to sports betting," per Bloomberg.

[Seth @seth_fin]

Market maker Wintermute is running a few shorts in crypto. Short $BTC 20x , $ETH 15x, $HYPE 3x.

Is this a concern?

[Alistair Milne @alistairmilne]

Sorry NVIDIA, we're back mf

[ilemi @andrewhong5297]

12 borrowers with $36.1m of positions were liquidated by the 2.6% PT-reusd oracle manipulation. the manipulator got 96% of the liq collateral, earning $1.3m.

the twap oracle was chosen reUSD markets deployed on 6-15. prior ones used the linear discount oracle.

supplying vaults are all unaffected, and I didn't see any vaults in the liquidated borrowers - so no contagion is expected.

[RT @RT_com]

China's 'Bilibili' reportedly paying creators $0.70 per 1k views — quickly rising to challenge RIVAL platform Youtube

[Stoic @Stoiiic]

final boss.

[Tanaka @Tanaka_L2]

Top 5 altcoins I think will survive and grow strongly into the next cycle 👇

[1] $ETH: Settlement layer for crypto

[2] $HYPE: Leading Perp DEX

[3] $VIRTUAL: Leading AI Agents ecosystem

[4] $PUMP: Leading Meme Launchpad

[5] $TAO: Leading Decentralized AI

These are also 5 altcoins I’d still be comfortable holding long term into the next cycle.

Which one would you pick?