Sui ecosystem lending protocol AlphaFi will shut down and has entered maintenance mode.
Sui ecosystem lending protocol AlphaFi announced it will undergo an orderly shutdown and has entered maintenance mode. Withdrawals remain open, but the protocol will no longer accept new deposits or borrowings. Some ALPHA-collateralized loan positions on AlphaLend were severely undercollateralized, resulting in bad debts for the protocol. After the Sui Foundation Security Team identified the issue, it collaborated with the project team to address it. The bad debts have now been fully covered, the protocol remains solvent, and user funds are secure. As part of the shutdown arrangements, users should close their positions and withdraw their assets. Slush Strategies users can now directly withdraw funds from Slush Wallet: the lock-up period for the WAL vault has been lifted, withdrawals for SUI, WAL, DEEP, and USDC strategies are instant, and the ALPHA vault has also been shut down with its lock-up period canceled.
8 minutes ago
The renamed Trump AI-themed concept meme coin Super Inu briefly surpassed $14 million in market capitalization, notching a 43% 24-hour gain.
According to GMGN data, Solana-based meme coin Super Inu (SI) hit a record high market cap of over $14 million this morning, and is now trading at $8.7 million, with a 24-hour gain of 43% and a trading volume of $10.6 million. Earlier reports noted that during his speech at the United Nations General Assembly, Trump proposed renaming artificial intelligence to "Super Intelligence", stating that all U.S. documents would use "Super Intelligence" to refer to AI. BlockBeats reminds users that such tokens have small market caps and high price volatility, so investors should exercise caution.
8 minutes ago
Robinhood Chain's Meme coin BUN surges past $80 million in market cap to reach an all-time high.
According to GMGN data, the market cap of Bundle Cat (BUN), a meme token on Robinhood Chain, has surged past $80 million to an all-time high, and has now pulled back to $65 million. It saw a 130% 24-hour gain, with a trading volume of $2.7 million. Bundle Cat (BUN) is the mascot of Mosh and its first experimental token. Mosh is an experimental token issuance framework not yet fully launched on Robinhood Chain, with Bundle Cat serving as its first test run. Mosh is a protocol layered on top of the Robinhood Chain launch platform, centered on the fair launch narrative of "community locking + AI market making". Note: This token is not a finalized governance token, and its official endorsement remains unconfirmed. Investors should exercise caution. BlockBeats reminds users that most meme tokens lack real use cases, are highly volatile, and require careful investment.
8 minutes ago
LayerZero is gradually phasing out off-chain support for some less active blockchains.
LayerZero has announced it is phasing out offchain support for a number of low-activity blockchains, covering 13 networks: Aurora, Taiko, Japan Open Chain, LightLink, Viction, Animechain, XPLA, Merlin, Gnosis, Zora, Otherworld Space, XAI, and opBNB. These chains will no longer be able to use LayerZero’s DVN and Executor services. The move will also cause Stargate Hydra to discontinue support for some of these blockchains. LayerZero is reminding users to redeem Hydra assets on the affected chains, including USDC.e, wETH, and Hydra USDT. Specific affected networks and effective dates are subject to the official announcement.
8 minutes ago
Tokenized BP stock surges past $1.42 to hit a new all-time high, as positive tailwinds for on-chain tokenized stocks continue to build.
According to HTX market data, Backpack’s platform token BP surged past $1.42 this morning to hit a new all-time high, and is currently trading at $1.297, with a 9.2% gain over the past 24 hours. Fundamentally, BP has been boosted by positive news: the SEC’s approval of limited trading for tokenized stocks on on-chain platforms. On July 10 this year, Backpack announced the launch of a 24/7 real U.S. stock trading market for international investors, where eligible users can trade and hold actual U.S. stocks around the clock rather than synthetic derivatives. Backpack stated that the platform offers actual equity ownership, leverages liquidity from traditional trading venues, and supports instant settlement, continuous price discovery, as well as fiat and stablecoin settlements. For more details, see the report: "Why Did BP Surge Suddenly? Backpack Is Gaining a New Valuation Logic".
8 minutes ago
A newly created wallet has withdrawn 428,640 HYPE tokens from multiple exchanges, valued at approximately $39.23 million.
According to Lookonchain's monitoring, newly created wallet 0xbe51 withdrew 428,640 HYPE tokens from multiple exchanges over the past 8 hours, valued at approximately $39.23 million.
8 minutes ago
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