TON Strategy reported over $15 million in staking revenue in Q2 2026 from its Gram tokens, achieving a 17% annualized gross staking yield. Despite this, the company burned $10.6 million in cash during the first half of the year. Most of its $83.5 million pre-tax profit came from an $82.8 million fair value gain on digital assets, not cash operations. The company holds 230.5 million Gram tokens, with nearly all staked, representing about 4.4% of total supply and 35% of staked tokens. A blockchain upgrade accelerated block production, boosting staking rewards. While the company is debt-free, staking rewards have yet to cover operating expenses, requiring Gram’s value stability and reduced cash use to improve financial health.
The memecoin sector led gains last week with a 16% average return, second only to Layer 2 tokens. Bitcoin's 10% rise helped boost altcoin sentiment. SPX6900, a memecoin parody of the S&P500, soared 60% over the week, with Open Interest jumping nearly...
Solana's co-founder Anatoly Yakovenko supports changing the network's fixed transaction fee to a usage-based fee that reflects computing resources used, addressing fairness issues for smaller transactions. However, he suggests splitting the current p...
OpenAI has introduced advertisements on ChatGPT for free users and those on its low-cost 'Go' plan in India, one of its largest markets. This move aims to increase revenue ahead of its planned 2027 public listing and support broader access through fr...
Sonic's recent blockchain upgrade enabling Bundle Transactions has driven a surge in decentralized exchange (DEX) volume to $2.46 million, the highest in about two months. This upgrade simplifies transaction approvals by allowing multiple transaction...
A wallet linked to Singapore-based Matrixport deposited $10 million USDC to open a $17.44 million leveraged long position on Ethereum at 20x leverage on Hyperliquid. This trade is part of a larger pattern of institutional-scale leveraged ETH longs by...
