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Mechanism designs and builds protocols on Bitcoin using Stacks, with the mission of growing the GDP of Bitcoin.
South Korean Stock Market Plunges, Raising Concerns Over Regulatory and Mechanism Issues
Bloomberg columnist Shuli Ren wrote on Tuesday that the South Korean stock market recently plummeted nearly 40% within 27 trading days at one point, triggering a market reassessment of its investment value. Although Samsung Electronics and SK Hynix still benefit from artificial intelligence chip demand and the KOSPI valuation remains at a low level, market focus has shifted from corporate fundamentals to trading mechanisms, regulatory capabilities, and policy credibility.
Bio Protocol Launches OpenLabs, Plans to Support Scientific Projects and Agent Collaboration via USDC Yield Mechanism
DeSci protocol Bio Protocol has announced the launch of OpenLabs, positioning it as a coordination layer for human-agent collaboration in scientific research, aimed at transforming scientific ideas into funded execution projects. OpenLabs comprises five interconnected layers: Posts & Discovery, Projects, Agent Collaboration, Web3 Incentive Layer, and a Bounty System. Regarding incentives, OpenLabs plans to adopt a USDC yield-based funding mechanism to finance agent reasoning and tool usage. Users can deposit USDC and select projects to support; funds are allocated to audited yield vaults such as Morpho and Aave. The generated yield flows to projects for computation, queries, and simulations, while the principal assumes no risk. When a project reaches the stage requiring real capital, it can issue tokens via the Bio launchpad or pursue private fundraising and follow the traditional biotech path.
Strategy Did Not Increase Bitcoin Holdings Last Week, Launched BTC Monetization Mechanism and Two $1 Billion Buyback Plans
According to the 8-K filing submitted by Strategy to the U.S. SEC, it did not purchase bitcoin from June 22 to 28, 2026. As of June 28, the company cumulatively held 847,363 bitcoins, with a total cost of approximately $64.1 billion and an average holding price of approximately $75,651. During the same period, the company sold MSTR common stock through the ATM program, net raising approximately $1.152 billion.
Aave CEO: Will Never Sell AAVE Tokens at a 70% Discount, Designing Aavenomics 3.0 Buyback Mechanism
Odaily Odaily: In response to recent community discussions, the Aave CEO issued a statement clarifying that Aave will never sell AAVE tokens at a 70% discount.According to the "Aave Will Win (AWW)" proposal, 100% of the revenue generated by the Aave protocol and the GHO stablecoin belongs to AAVE token holders. This principle also applies to all product revenues, including Aave App, Aave Pro, and Swaps. As a service provider for Aave DAO, Aave Labs is solely responsible for protocol development and expansion and does not receive any protocol or product revenue.The Aave CEO revealed that Aave's current annualized revenue has reached $134 million, all of which belongs to Aave DAO. Additionally, the Aave brand and related software intellectual property rights belong to AAVE.Furthermore, the team is designing Aavenomics 3.0, which plans to introduce a new, automated, non-discretionary buyback mechanism. More details will be announced later. He stated that Aave's goal is not only to serve the crypto market but also the entire financial asset market, including Real World Assets (RWA).
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.
Grayscale Research Director: ETH Issuance Mechanism Similar to "Fiscal and Monetary Policy", Core Controversy Lies in Security and Inflation Trade-off
Grayscale Research Director Zach Pandl stated in a post on platform X that Ethereum is like a "small country," while ETH has only one core "government function": protecting property rights and value exchange within the system. Unlike traditional countries that provide public services through taxation, Ethereum mainly relies on "seigniorage," i.e., issuing new ETH, to fund network security. Under this framework, stakers responsible for maintaining network security are equivalent to the group providing public services, receiving rewards through newly issued ETH. Therefore, Ethereum's staking mechanism and ETH issuance policy essentially constitute the network's fiscal policy and monetary policy simultaneously; more security guarantees usually mean stronger property rights protection, but at the cost of higher ETH issuance volume and potential other risks. Some community members believe that Ethereum's monetary and fiscal policy design should consider the security trade-offs brought by these key ratios, but the current mechanism has not yet fully incorporated these factors. Zach Pandl added that the above analogy may not be entirely accurate as it does not yet involve other important factors such as the ETH burn mechanism, MEV, governance, etc.; how the future ETH issuance policy will be adjusted remains to be seen based on community governance results.
SEC Chairman Proposes Restructuring Securities Regulatory Surveillance System CAT: Exploring SEC Takeover and Funding Mechanism Reform
Odaily News: U.S. Securities and Exchange Commission (SEC) Chairman Paul S. Atkins has sent a letter to Robert Walley, Chairman of the Operating Committee of the Consolidated Audit Trail (CAT), stating that the SEC plans to undertake a comprehensive overhaul of the CAT system, including adjustments to its governance structure, funding sources, and operational model.Atkins stated that during his tenure, the SEC has significantly reduced CAT's annual operating costs by issuing exemptions and approving amendments to the CAT NMS Plan, and has eliminated the requirement to report personally identifiable information (PII) to the CAT system. These reforms have lowered system costs and reduced the scope of data collection, but CAT still faces fundamental issues regarding costs, governance, and funding mechanisms.To address these issues, the SEC issued a concept release on April 16, 2026, initiating a comprehensive review of CAT and other audit trail systems and data sources used in U.S. securities market regulation. The SEC stated that it has received hundreds of comments, with one core consensus emerging: investors and market participants want the SEC to assume greater responsibility for CAT's management and funding arrangements. Atkins noted that he has directed SEC staff to develop deep-seated reform proposals for CAT, including:1. Exploring new funding sources for CAT, including the use of congressional appropriations and Section 31 transaction fees under the Securities Exchange Act;2. Drafting rule proposals that, if approved, would rescind Rule 613 and require exchanges, FINRA, and broker-dealers to continue utilizing existing CAT infrastructure and reporting standards to submit CAT data directly to the SEC or its designated agency;3. Assessing the SEC's internal resource requirements to prepare for the SEC to assume CAT governance responsibilities in the future.The SEC anticipates that this reform involves multiple components that need to be advanced concurrently, with the overall transition potentially extending through the end of 2027.
South Korean Stock Market Plunges, Raising Concerns Over Regulatory and Mechanism Issues
Bloomberg columnist Shuli Ren wrote on Tuesday that the South Korean stock market recently plummeted nearly 40% within 27 trading days at one point, triggering a market reassessment of its investment value. Although Samsung Electronics and SK Hynix still benefit from artificial intelligence chip demand and the KOSPI valuation remains at a low level, market focus has shifted from corporate fundamentals to trading mechanisms, regulatory capabilities, and policy credibility.
Circle EU Policy Director: MiCA Stablecoin Regulation Has Major Gaps, Need to Introduce Foreign Token Recognition Mechanism
Circle's Senior Director of EU Strategy and Policy Patrick Hansen (@paddi_hansen) stated in a post that since the implementation of the EU's Markets in Crypto-Assets Regulation (MiCA), approximately 35 Electronic Money Tokens (EMT) from 21 institutions have obtained compliance certification, with banks and electronic money institutions entering the market and strong momentum in local issuance. However, among the top 50 global stablecoins, currently only USDC, USDG, and EURC comply with MiCA requirements; the rest remain outside the regulatory framework, leaving EU users facing a dual dilemma of lacking protection or having access forcibly cut off. Hansen believes that for MiCA to truly become a global regulatory blueprint, it must achieve two goals simultaneously: first, to promote local EMTs to go global through a competitive regime; second, to establish a recognition mechanism for overseas compliant stablecoins, attracting global issuers into the MiCA regulatory framework, rather than making local issuance the only access path.
Indian Finance Committee Recommends Introducing Interim Self-Regulatory Organization Mechanism to Regulate Crypto Market
According to FinanceFeeds, India's Parliamentary Standing Committee on Finance has recommended that the government establish a transitional regulatory framework led by recognized self-regulatory organizations to implement transitional regulation on the cryptocurrency and virtual digital asset market, supervised by the Reserve Bank of India or the Securities and Exchange Board of India. The committee pointed out that while existing crypto assets are already taxed and included in anti-money laundering reporting requirements, the industry still lacks a clear statutory regulatory status, and investors face custody, operational, and fraud risks.
Federal Reserve Announces Leadership and Objectives of Five Major Monetary Policy Task Forces
According to the Federal Reserve's official website, Federal Reserve Chair Kevin Warsh announced on July 9 the establishment of five monetary policy task forces, led jointly by external economists, business leaders, and former central bank officials, operating independently and providing research results to the Federal Open Market Committee (FOMC). The research directions of the five task forces are as follows: • Communication Mechanism: Led by former Governor of the Bank of England Mervyn King and others • Balance Sheet Policy: Led by Harvard University Professor Karen Dynan, University of Chicago Professor Raghuram Rajan, and others • Quality of Economic Data: Led by Harvard University Professor Raj Chetty, former Walmart CEO Doug McMillon, and others • Productivity and Employment: Led by a16z Co-founder Marc Andreessen, Microsoft Xbox CEO Asha Sharma, and others • Inflation Framework: Led by Harvard University Professor and former Chairman of the Council of Economic Advisers Greg Mankiw, Nobel Laureate in Economics Thomas Sargent, and others Warsh stated that the Federal Reserve's commitment to price stability and maximum employment is unwavering, and these task forces aim to evaluate and optimize policy tools and analytical methods to address the current important economic situation.
Flap Launches New bBroker Vault Mechanism, Converting Meme Coin Trading Fees into NFT Dividends and On-Chain Floor Price
Odaily News: Flap has announced the launch of bBroker Vault, powered by bStocks, on BNB Chain, combining Meme coin trading activity with NFT yields and tokenized stock ecosystems through a new mechanism.Under this mechanism, users are required to pay a fixed fee in corresponding tax tokens to mint bBroker NFTs, and the tokens paid are burned directly. Subsequently, trading fees from quote assets flowing into the Vault are automatically allocated to a "dividend pool" and a "floor price pool," enabling NFT holders to continuously earn dividends in quote assets without staking or locking up.Meanwhile, each bBroker NFT carries an on-chain floor price backed 1:1 by assets in the floor price pool, and holders can sell the NFT back to the Vault at any time to exit. Flap positions this mechanism as a novel on-chain economic model integrating Meme coins, NFTs, and stock assets.
Bitget Wallet Card Launches "Asset Cashback" Mechanism, Spending Earns 3% Cashback in Bitcoin, Gold, and Tokenized US Stocks
Bitget Wallet announces that its crypto payment card, Bitget Wallet Card, has completed a major upgrade and will officially launch the "Assetback" mechanism on August 1, with the asset cashback rate simultaneously increased to 3%. This mechanism will be open to over 50 countries across Europe, Latin America, Africa, and the Asia-Pacific region. Cardholders can freely choose their preferred cashback assets, covering BTC, gold, tokenized US stocks (NVDA, TSLA, GOOGL, S&P 500), stablecoins, and more. The base asset cashback rate is 2%, while new users or users who reach the monthly spending threshold can unlock the 3% cashback tier. This upgrade breaks the traditional model where card swiping only returns cash/points, marking the transformation of Bitget Wallet Card services from consumption cashback to accumulation of appreciating assets. It turns daily consumption into an opportunity for RWA asset allocation, allowing users to achieve a new daily finance experience of "spend to build positions" without needing to open a brokerage account throughout the process or perform extra operations at checkout.
Taiko Chain State Verification Mechanism Compromised, Users Urged to Immediately Withdraw Funds from Cross-Chain Bridges
Taiko stated on its X platform that it has confirmed its chain state verification mechanism has been compromised, and the security assumptions of all cross-chain bridges deployed on Taiko are no longer reliable.Taiko said it is coordinating with its security committee and ecosystem partners to control the situation, suspending affected systems, and taking technical and legal actions. Taiko strongly advises all users to immediately withdraw funds from cross-chain bridges deployed on Taiko.Additionally, Taiko has made an urgent request for all centralized exchanges to suspend TAIKO token deposit services until further official notice. Previously, Taiko's ERC20 Vault was attacked, resulting in losses exceeding $1 million.
HyperLiquid Upgrades to AQAv2 Mechanism: USDC Balances in Contract and Treasury Addresses Maintain Dynamic 1:9 Ratio
: HyperLiquid has announced an upgrade to the AQAv2 mechanism. The system will use on-chain automated trading to maintain a dynamic 1:9 balance of USDC between two core addresses in each HyperEVM block, corresponding to the contract execution layer and the treasury reserve layer, respectively.According to the mechanism design, this ratio is used for functional stratification between "high-frequency trading and liquidation liquidity" and "long-term reserves and yield pools," aiming to enhance system stability and isolate trading risks.On the technical side, the balancing process is executed automatically by the system without manual intervention. Circle is responsible for the technical deployment, while Coinbase undertakes the treasury deployment and management.Regarding the yield mechanism, AQAv2 stipulates that stablecoin issuers must distribute approximately 90% of their cost-adjusted reserve earnings generated within the Hyperliquid ecosystem to the protocol. Settlement occurs on a 30-day cumulative cycle, and the earnings will be automatically transferred to the Assistance Fund on the 8th day after the cycle ends.Additionally, the mechanism includes a transition period arrangement:1. Start of yield accrual: August 26;2. First yield payment: October 3.The market believes this design marks the evolution of stablecoins from traditional custody structures toward an on-chain infrastructure model characterized by "protocolized capital stratification + automated yield distribution."
DeFiLlama Founder Questions Apple App Store Review Mechanism: Complaints About Fake App Went Unresolved for Months, Team Had to "Test Theft Themselves" Before It Was Removed
Odaily News: DeFiLlama founder 0xngmi has raised questions about Apple's App Store review mechanism in a post on the X platform. He stated that his team had spent months trying to get Apple to remove a fake DeFiLlama app, but multiple previous complaints regarding trademark infringement and impersonation of the official app were not effectively addressed.In the end, the DeFiLlama team had to download and use the fake app, subsequently depositing a small amount of funds into it. As expected, the wallet assets were stolen, confirming the app's malicious behavior. After submitting another report to Apple with this evidence, the fake app was finally removed within a few days.
David Bailey: "BIP-110 Failure" Strengthens Bitcoin Resilience, Consensus Mechanism Undergoes Stress Test
David Bailey, Chairman and CEO of Nasdaq-listed Bitcoin treasury company Nakamoto, stated that the failure of the so-called long-standing "BIP-110" controversy constitutes an "extremely bullish" outcome for Bitcoin, and believes this further validates the network's attack resistance and anti-splitting capabilities.
Taiko Chain State Verification Mechanism Compromised, Users Urged to Immediately Withdraw Funds from Cross-Chain Bridges
Taiko stated on its X platform that it has confirmed its chain state verification mechanism has been compromised, and the security assumptions of all cross-chain bridges deployed on Taiko are no longer reliable.Taiko said it is coordinating with its security committee and ecosystem partners to control the situation, suspending affected systems, and taking technical and legal actions. Taiko strongly advises all users to immediately withdraw funds from cross-chain bridges deployed on Taiko.Additionally, Taiko has made an urgent request for all centralized exchanges to suspend TAIKO token deposit services until further official notice. Previously, Taiko's ERC20 Vault was attacked, resulting in losses exceeding $1 million.
USDT0 Reveals Security Architecture Details: Implements 3/3 Verification Mechanism and Launches $6 Million Bug Bounty Program
following the Kelp security incident, Tether's asset interoperability protocol USDT0 has disclosed details of its protocol security architecture. It stated that the system currently utilizes a proprietary DVN (Decentralized Verification Network) with message veto authority, and requires 3 independent validators, operating on different codebases, to reach a 3/3 consensus before cross-chain messages can be settled. The current verification nodes include the USDT0 proprietary DVN, LayerZero, and Canary, with future plans to expand to 4/4 and 5/5 verification mechanisms.USDT0 also stated that all multi-signature transactions must undergo multiple reviews by internal teams, external security teams, and auditing firms before signatures are submitted. The relevant contracts have been audited by firms such as Guardian and OpenZeppelin, and a $6 million bug bounty program has been launched on Immunefi.
LayerZero: Multi-Sig Security Mechanism Updated
LayerZero Labs posted on platform X, stating that the internal RPC used by LayerZero Labs had been attacked by the Lazarus Group over the past three weeks, compromising the true source of its DVN (Decentralized Verifier Network). Meanwhile, external RPC providers experienced DDoS attacks. The incident affected 0.14% of applications and approximately 0.36% of asset value. LayerZero Labs stated that assets are currently secure, and over $9 billion in funds have been bridged through the protocol since April 19.In response to the security risk, LayerZero Labs has ceased providing services for its DVN in a 1/1 configuration. Default configurations for all pathways will migrate to a multi-DVN model of at least 3/3 or 5/5 signatures. Additionally, regarding an incident from three years ago where a multi-sig holder mistakenly used a hardware wallet for personal transactions, LayerZero Labs has removed that signer and replaced the wallet, while developing a custom OneSig multi-sig system. LayerZero Labs advises developers to lock configurations to avoid reliance on default settings and plans to launch an asset management platform, Console, to enhance security monitoring.
Andre Cronje: Aave Has No Mechanism to Subsidize User Losses, ETH Withdrawn to Fund Management Wrapper Contract
Odaily News: Sonic Labs co-founder and Flying Tulip founder Andre Cronje posted on platform X, stating that his team is continuing to investigate the L0/rsETH incident. Preliminary reports indicate that approximately $200 million worth of rsETH was stolen, possibly due to a private key leak or configuration error. The related assets were subsequently deposited into Aave as collateral to borrow ETH (due to insufficient rsETH liquidity).Andre Cronje pointed out that the affected positions are technically still overcollateralized. However, if bad debt occurs, Aave's token mechanism and Safety Module will serve as the first line of defense to absorb the risk. Nevertheless, Aave has no mechanism to subsidize user losses, as doing so could trigger a bank run. Currently, Aave holds approximately $7 billion in ETH with an outstanding borrowing amount of around $100 million, so the overall impact of this incident is limited. Furthermore, prioritizing user liquidity, Flying Tulip has withdrawn all its ETH from Aave to its fund management wrapper contract. This action was taken because Aave's available liquidity had fallen below its set minimum threshold.
Iran's Supreme Leader Advisor: If Conditions Are Not Met or Conflict Escalates
Odaily News: On the 13th, Mokhber, an advisor to Iran's Supreme Leader, posted on social media that if the conditions proposed by Iran are not met, the Supreme Leader has made a clear strategic decision to respond by escalating the conflict. Mokhber stated that the current situation has proven that the United States lacks the ability to protect its Persian Gulf allies. He also noted that the most enduring path to establishing a new regional order lies in promoting the implementation of the "Hormuz Economic Security Mechanism" to break free from reliance on U.S. military guarantees. (Xinhua News Agency)
Flap Launches New bBroker Vault Mechanism, Converting Meme Coin Trading Fees into NFT Dividends and On-Chain Floor Price
Odaily News: Flap has announced the launch of bBroker Vault, powered by bStocks, on BNB Chain, combining Meme coin trading activity with NFT yields and tokenized stock ecosystems through a new mechanism.Under this mechanism, users are required to pay a fixed fee in corresponding tax tokens to mint bBroker NFTs, and the tokens paid are burned directly. Subsequently, trading fees from quote assets flowing into the Vault are automatically allocated to a "dividend pool" and a "floor price pool," enabling NFT holders to continuously earn dividends in quote assets without staking or locking up.Meanwhile, each bBroker NFT carries an on-chain floor price backed 1:1 by assets in the floor price pool, and holders can sell the NFT back to the Vault at any time to exit. Flap positions this mechanism as a novel on-chain economic model integrating Meme coins, NFTs, and stock assets.
SEC Chairman Proposes Restructuring Securities Regulatory Surveillance System CAT: Exploring SEC Takeover and Funding Mechanism Reform
Odaily News: U.S. Securities and Exchange Commission (SEC) Chairman Paul S. Atkins has sent a letter to Robert Walley, Chairman of the Operating Committee of the Consolidated Audit Trail (CAT), stating that the SEC plans to undertake a comprehensive overhaul of the CAT system, including adjustments to its governance structure, funding sources, and operational model.Atkins stated that during his tenure, the SEC has significantly reduced CAT's annual operating costs by issuing exemptions and approving amendments to the CAT NMS Plan, and has eliminated the requirement to report personally identifiable information (PII) to the CAT system. These reforms have lowered system costs and reduced the scope of data collection, but CAT still faces fundamental issues regarding costs, governance, and funding mechanisms.To address these issues, the SEC issued a concept release on April 16, 2026, initiating a comprehensive review of CAT and other audit trail systems and data sources used in U.S. securities market regulation. The SEC stated that it has received hundreds of comments, with one core consensus emerging: investors and market participants want the SEC to assume greater responsibility for CAT's management and funding arrangements. Atkins noted that he has directed SEC staff to develop deep-seated reform proposals for CAT, including:1. Exploring new funding sources for CAT, including the use of congressional appropriations and Section 31 transaction fees under the Securities Exchange Act;2. Drafting rule proposals that, if approved, would rescind Rule 613 and require exchanges, FINRA, and broker-dealers to continue utilizing existing CAT infrastructure and reporting standards to submit CAT data directly to the SEC or its designated agency;3. Assessing the SEC's internal resource requirements to prepare for the SEC to assume CAT governance responsibilities in the future.The SEC anticipates that this reform involves multiple components that need to be advanced concurrently, with the overall transition potentially extending through the end of 2027.
Doubao Launches Hotel Order Commission Mechanism, Comprehensive Rate Approximately 12%
It is reported that starting today, hotel orders completed via the Doubao entry point redirecting to Douyin Laike will be subject to an independent fee rate: 11.4% software service fee plus 0.6% payment handling fee, with a comprehensive fee rate of approximately 12%.
Bitget Wallet Card Launches "Asset Cashback" Mechanism, Spending Earns 3% Cashback in Bitcoin, Gold, and Tokenized US Stocks
Bitget Wallet announces that its crypto payment card, Bitget Wallet Card, has completed a major upgrade and will officially launch the "Assetback" mechanism on August 1, with the asset cashback rate simultaneously increased to 3%. This mechanism will be open to over 50 countries across Europe, Latin America, Africa, and the Asia-Pacific region. Cardholders can freely choose their preferred cashback assets, covering BTC, gold, tokenized US stocks (NVDA, TSLA, GOOGL, S&P 500), stablecoins, and more. The base asset cashback rate is 2%, while new users or users who reach the monthly spending threshold can unlock the 3% cashback tier. This upgrade breaks the traditional model where card swiping only returns cash/points, marking the transformation of Bitget Wallet Card services from consumption cashback to accumulation of appreciating assets. It turns daily consumption into an opportunity for RWA asset allocation, allowing users to achieve a new daily finance experience of "spend to build positions" without needing to open a brokerage account throughout the process or perform extra operations at checkout.
Pump.fun Launches BOOST Mechanism, Token Graduation Rate Surges to 6.7%
According to The Block, following the launch of Pump.fun's new default launch mechanism BOOST, the platform's token graduation rate has significantly increased. Last Friday, the graduation rate reached 6.7%, approximately 8 times the average level in June; the average for the preceding four days also remained at 4.7%, higher than the 2.5% of the previous week. The BOOST mechanism targets the approximately 20% of migrated liquidity previously permanently locked in the PumpSwap pool, automatically executing market buys and burning the acquired tokens within the first five minutes after token migration, incentivizing traders to participate more actively in bidding for tokens before bonding by ensuring immediate buy pressure and supply burn. It is worth noting that BOOST only takes effect after a token completes bonding and does not directly increase the proportion of tokens reaching the bonding threshold.
Related news
DeFiLlama Founder Questions Apple App Store Review Mechanism: Complaints About Fake App Went Unresolved for Months, Team Had to "Test Theft Themselves" Before It Was Removed
Odaily News: DeFiLlama founder 0xngmi has raised questions about Apple's App Store review mechanism in a post on the X platform. He stated that his team had spent months trying to get Apple to remove a fake DeFiLlama app, but multiple previous complaints regarding trademark infringement and impersonation of the official app were not effectively addressed.In the end, the DeFiLlama team had to download and use the fake app, subsequently depositing a small amount of funds into it. As expected, the wallet assets were stolen, confirming the app's malicious behavior. After submitting another report to Apple with this evidence, the fake app was finally removed within a few days.
Grayscale Research Director: ETH Issuance Mechanism Similar to "Fiscal and Monetary Policy", Core Controversy Lies in Security and Inflation Trade-off
Grayscale Research Director Zach Pandl stated in a post on platform X that Ethereum is like a "small country," while ETH has only one core "government function": protecting property rights and value exchange within the system. Unlike traditional countries that provide public services through taxation, Ethereum mainly relies on "seigniorage," i.e., issuing new ETH, to fund network security. Under this framework, stakers responsible for maintaining network security are equivalent to the group providing public services, receiving rewards through newly issued ETH. Therefore, Ethereum's staking mechanism and ETH issuance policy essentially constitute the network's fiscal policy and monetary policy simultaneously; more security guarantees usually mean stronger property rights protection, but at the cost of higher ETH issuance volume and potential other risks. Some community members believe that Ethereum's monetary and fiscal policy design should consider the security trade-offs brought by these key ratios, but the current mechanism has not yet fully incorporated these factors. Zach Pandl added that the above analogy may not be entirely accurate as it does not yet involve other important factors such as the ETH burn mechanism, MEV, governance, etc.; how the future ETH issuance policy will be adjusted remains to be seen based on community governance results.
Iran's Supreme Leader Advisor: If Conditions Are Not Met or Conflict Escalates
Odaily News: On the 13th, Mokhber, an advisor to Iran's Supreme Leader, posted on social media that if the conditions proposed by Iran are not met, the Supreme Leader has made a clear strategic decision to respond by escalating the conflict. Mokhber stated that the current situation has proven that the United States lacks the ability to protect its Persian Gulf allies. He also noted that the most enduring path to establishing a new regional order lies in promoting the implementation of the "Hormuz Economic Security Mechanism" to break free from reliance on U.S. military guarantees. (Xinhua News Agency)
Flap Launches New bBroker Vault Mechanism, Converting Meme Coin Trading Fees into NFT Dividends and On-Chain Floor Price
Odaily News: Flap has announced the launch of bBroker Vault, powered by bStocks, on BNB Chain, combining Meme coin trading activity with NFT yields and tokenized stock ecosystems through a new mechanism.Under this mechanism, users are required to pay a fixed fee in corresponding tax tokens to mint bBroker NFTs, and the tokens paid are burned directly. Subsequently, trading fees from quote assets flowing into the Vault are automatically allocated to a "dividend pool" and a "floor price pool," enabling NFT holders to continuously earn dividends in quote assets without staking or locking up.Meanwhile, each bBroker NFT carries an on-chain floor price backed 1:1 by assets in the floor price pool, and holders can sell the NFT back to the Vault at any time to exit. Flap positions this mechanism as a novel on-chain economic model integrating Meme coins, NFTs, and stock assets.
SEC Chairman Proposes Restructuring Securities Regulatory Surveillance System CAT: Exploring SEC Takeover and Funding Mechanism Reform
Odaily News: U.S. Securities and Exchange Commission (SEC) Chairman Paul S. Atkins has sent a letter to Robert Walley, Chairman of the Operating Committee of the Consolidated Audit Trail (CAT), stating that the SEC plans to undertake a comprehensive overhaul of the CAT system, including adjustments to its governance structure, funding sources, and operational model.Atkins stated that during his tenure, the SEC has significantly reduced CAT's annual operating costs by issuing exemptions and approving amendments to the CAT NMS Plan, and has eliminated the requirement to report personally identifiable information (PII) to the CAT system. These reforms have lowered system costs and reduced the scope of data collection, but CAT still faces fundamental issues regarding costs, governance, and funding mechanisms.To address these issues, the SEC issued a concept release on April 16, 2026, initiating a comprehensive review of CAT and other audit trail systems and data sources used in U.S. securities market regulation. The SEC stated that it has received hundreds of comments, with one core consensus emerging: investors and market participants want the SEC to assume greater responsibility for CAT's management and funding arrangements. Atkins noted that he has directed SEC staff to develop deep-seated reform proposals for CAT, including:1. Exploring new funding sources for CAT, including the use of congressional appropriations and Section 31 transaction fees under the Securities Exchange Act;2. Drafting rule proposals that, if approved, would rescind Rule 613 and require exchanges, FINRA, and broker-dealers to continue utilizing existing CAT infrastructure and reporting standards to submit CAT data directly to the SEC or its designated agency;3. Assessing the SEC's internal resource requirements to prepare for the SEC to assume CAT governance responsibilities in the future.The SEC anticipates that this reform involves multiple components that need to be advanced concurrently, with the overall transition potentially extending through the end of 2027.
Doubao Launches Hotel Order Commission Mechanism, Comprehensive Rate Approximately 12%
It is reported that starting today, hotel orders completed via the Doubao entry point redirecting to Douyin Laike will be subject to an independent fee rate: 11.4% software service fee plus 0.6% payment handling fee, with a comprehensive fee rate of approximately 12%.