Solana ecosystem token PERPSPAD briefly surges past $5 million in market capitalization, logging a more than 200% increase in the past 24 hours.

Founder Nate of Long.xyz, a crypto and meme coin issuance platform linked to Robinhood, posted that after the platform launched its new Pre-IPO feature, it added roughly 10,000 new asset issuance projects. He estimated that without token code locking and client-side issuance limits, daily issuance could hit 100,000, which would leave the platform dominated by bots, making it difficult for regular users to sift through the flood of new assets, and potentially fuel FOMO trading, volume chasing, and inflated data. Long will continuously adjust issuance limits based on demand shifts, and plans to add asset discovery filters to help users screen projects using metrics such as whale holding ratios, asset tenure, and anti-fragility, while aggregating liquidity and capital flows into high-performing, unique assets within its ecosystem. The team is monitoring suspicious activity across all trading pairs; no major issues have been identified to date, but new risk control parameters are ready. If pump-and-dump activities are found to be coordinated manipulations rather than natural market moves, the team can swiftly activate relevant restriction measures.

Revolut disclosed that an unauthorized third party used an email address under the legitimate domain of a government agency to submit fraudulent requests for customer data access, exposing sensitive information of a small number of clients. The firm labeled the incident a "complex external impersonation scam", has blocked the relevant email, and stated its own systems and customer funds remain uncompromised. Potentially exposed data includes names, dates of birth, residential addresses, email addresses, phone numbers, copies of identity documents such as passports and driver’s licenses, identity verification selfies, account statements, IBANs, withdrawal records, and full transaction histories—including Bitcoin transactions. Mt. Gox’s former CEO Mark Karpelès has stated he is one of the affected individuals. Revolut has not disclosed the number of affected customers, whether the incident is limited to a single market, or the government agency whose domain was misused. The company has notified relevant government agencies, law enforcement bodies, data protection authorities, and financial regulators. On-chain investigator ZachXBT speculates the incident may be limited in scale but targeted high-net-worth users.

Renowned crypto trader Bonk Guy posted a statement clarifying he has no allegiance to PONS, any other holdings, or their respective communities. He stated he has never been paid by the PONS project team nor is he a member of the project, so his holding and support of PONS should not be interpreted as loyalty to the project. Bonk Guy added that his bullishness on PONS stems from the token’s core value of fairness, and his belief that PONS offers on-chain traders the opportunity to build generational wealth. He views PONS as a trade that has not yet fully realized its potential, and predicts its market cap could reach billions of dollars in the future, regardless of current market sentiment. He emphasized this principle applies to all his other holdings: he is first and foremost a trader, with no allegiance to any token or community, only selecting trading opportunities he deems have the most asymmetric risk-reward profiles. On-chain data shows Bonk Guy currently holds PONS worth $6.61 million, with a return of 9,663%.

Cascade (formerly Perennial) announced in a statement that it is ceasing operations, with users able to withdraw remaining funds from their CLS and trading accounts on the platform via the relevant page. Earlier reports noted that Cascade’s CLS vault was hacked, resulting in the theft of approximately $1.34 million in USDC from user funds.

Solana social wallet Hey Wallet announced in a post that it will cease its product services, and reminded all users to back up their wallets. Previously, Hey Wallet supported users to send SOL via tweets, tip creators, mint NFTs, and conduct transactions on X, Discord, and Telegram.

Beating AI News Flash: Hugging Face CEO Clement Delangue announced the launch of the Open Alignment Initiative, led by co-founder Thomas Wolf, and publicly applied to join Anthropic’s newly proposed "Embedded Evaluator" program. If approved, Hugging Face’s evaluation staff will be able to be stationed on a long-term basis, gaining access nearly equivalent to employee-level privileges to directly review model training and safety protocols. Delangue noted that AI alignment can no longer be resolved solely within a handful of leading labs, and requires more external researchers to participate. Anthropic has pledged to grant such access to third parties, including workstations, keycard access, company computers, and tools linked to internal risk teams, while allowing evaluators to independently publish their findings.