LIT has rallied past $2.7 following adjustments to its token economic model, bouncing 2.5 times from its lows.
According to HTX market data, LIT (Lighter) has continued to rally since announcing a major adjustment to its token economic model, bouncing back from a low of $0.77 to $2.7, with a 22% increase in the past 24 hours. Lighter previously announced that future token repurchases funded by trading platform revenue will shift from simple repurchases to full permanent burns, and it plans to first burn approximately 15.5 million LIT tokens that were repurchased earlier, accounting for around 6.3% of the circulating supply. This mechanism will officially take effect in the third quarter of 2026. Additionally, the funding source for staking rewards will also switch from trading platform revenue to ecological reserve funds.
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Meme coin trading drove a rise in on-chain activity: Solana’s active addresses surged 38% over the past week, while BNB Chain’s 24-hour trading volume increased 45%.
According to data from DeFiLlama, recent trading activity around meme tokens including ANSEM on Solana and TCC, CZ on BNB Chain has driven increased activity on both public blockchains. Solana has risen to the top spot among public blockchains in terms of 7-day activity, with roughly 31.385 million active addresses over the period, a 38% week-over-week surge. Its 7-day trading volume stands at $13.63 billion, with 685 million transactions, generating $4.06 million in fees, a 70% year-over-year increase. The blockchain’s 7-day revenue reached $422,500, up 21% year-over-year. Solana’s total value locked (TVL) across its entire network is currently at $24.78 billion, up 3.9% over the past 7 days. BNB Chain recorded roughly 8.3 million active addresses over the past 7 days, with 96.7 million transactions, a 3.5% year-over-year increase, generating $182,000 in fees. BNB Chain’s 24-hour trading volume rose 45%, climbing from $240 million to $350 million.
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This week's token unlock overview: Large one-time token unlocks are coming for HYPE, PUMP, APT and others.
According to Token Unlocks data, tokens including HYPE, PUMP, and APT will see large unlocks this week, as detailed below: Hyperliquid (HYPE) unlocked roughly 452,000 tokens at 8 AM on July 6, worth approximately $30.9 million; RedStone (RED) will unlock around 40.85 million tokens at 00:00 on July 7, valued at about $4.1 million; Movement (MOVE) will unlock approximately 165 million tokens at 8 PM on July 9, worth roughly $2 million; Linea (LINEA) will unlock around 1.08 billion tokens at 7 PM on July 10, valued at approximately $2.7 million; io.net (IO) will unlock about 13.29 million tokens at 8 PM on July 11, worth roughly $2.3 million; Pump.fun (PUMP) will unlock approximately 82.5 billion tokens at 10 PM on July 12, valued at around $125 million; Aptos (APT) will unlock roughly 11.31 million tokens at 10 PM on July 12, worth about $6.9 million.
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The crypto market posts a minor recovery, with Bitcoin holding steady above $63,000, and total crypto market capitalization rising 1% over the past 24 hours.
According to HTX market data, the cryptocurrency market has seen a minor recovery, with Bitcoin holding steady above $63,000 and Ethereum briefly crossing $1,800. The total crypto market capitalization has risen 1% over the past 24 hours, now standing at $2.249 trillion. BNB briefly broke through $590, while SOL exceeded $80. Leading altcoin gainers include: ALICE up 15.2% in 24 hours; TRB up 13.3%; RESOLV up 10.85%; PUMP up 8.7%; and tokens previously listed on Binance’s monitoring list such as TLM, VANRY, and SYN surged over 20%.
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South Korean Bitcoin treasury firm Bitplanet has reached a partnership with Antalpha, with plans to introduce mining equipment worth 15 billion South Korean won.
South Korean bitcoin treasury firm Bitplanet has signed a memorandum of understanding (MOU) with U.S.-listed company Antalpha, planning to introduce 15 billion won worth of bitcoin mining equipment and launch full-scale mining operations this month. Future bitcoin output will be recognized as operating revenue and managed as long-term financial assets. The first-phase equipment is projected to generate over 7 BTC monthly, totaling more than 80 BTC annually. The mining rigs will be deployed in overseas regions with competitive electricity costs, including Oman and Paraguay, adopting an overseas hosting and joint venture operational model.
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