Attention everyone: $SOPH This time, something really went wrong—it’s not a technical pullback.
Sophon made it official: its own L2 mainnet will shut down permanently on November 30. You must withdraw all your on-chain assets before November 25, or you may not be able to get them back. Just maintaining this chain costs over $3 million a year, and even the $70 million it raised wasn’t enough. This time, they’ve admitted defeat and are moving to Base to build applications instead, saying they’ll use future app revenue to buy back and burn $SOPH .
The token price was hammered: down 31% in 24 hours, sliding from 0.00219 to 0.00151, with a low of 0.0015—a new all-time low. It’s now down more than 98% from last May’s peak of 0.11. Twenty-four-hour trading volume hit $18.5 million, all from people scrambling to get out.
If you still have funds on-chain, don’t dawdle—withdraw them now. Don’t wait until the last day, when everyone’s rushing to get out. And if you’re not holding any, don’t get itchy fingers and buy the dip. The project is giving up on its own chain, so this isn’t an easy bottom to catch.
Attention everyone: $ASTER took a pretty hard hit today!
It fell 16.8% in 24 hours, plunging from 0.619 to a low of 0.4784. It’s now at 0.5308, down 22% over the past seven days.
This wasn’t caused by a problem with the project—it was purely the broader market dragging it down, compounded by long liquidations.
Saturday afternoon was the worst: it first dropped 9% in an hour, then fell another 14.6% the following hour. Long positions worth $7.76 million were liquidated in 24 hours—almost all the bulls got wiped out.
On top of that, claims for the sixth airdrop are underway, and 63.38 million new tokens have entered circulation. Quite a few people are selling as soon as they claim, adding even more selling pressure.
The broader market isn’t looking good either: $BTC fell 2.2%, and $ETH dropped 3.3%. As soon as news came out of the Middle East, panic surged, and altcoins couldn’t hold up.
The chart shows the two biggest volume bars came during the drop. It has started to stabilize and recover a little since the low, but airdrop selling pressure won’t end until December 4, so in the short term, it still depends on how the broader market performs.
If you’re holding, don’t panic-sell at the bottom. If you’re sitting on the sidelines, don’t rush to buy the dip either—wait until volume stabilizes.
Yesterday, Kava Lend got drained. Someone exploited an old BUSD market that nobody was using and messed up the accounting, borrowing 55.2 million $KAVA in one go, worth $3.8 million.
The hacker then bridged 49.2 million $KAVA to the BNB Chain and sold it for $2.1 million. Buyers on the $BNB Chain were left stunned.
The price was cut in half in a single day, crashing from 0.068 to 0.035—nearly a 50% drop.
Major exchanges like Upbit and Bithumb quickly suspended $KAVA deposits and withdrawals.
The team says there was no unlimited minting; the issue was confined to Kava Lend. The bridge has also been halted while they prepare an incident report.
Be cautious about buying the dip on a coin with this kind of vulnerability. Wait for the official report before deciding.
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Kava AI is powered by a model called DeepSeek R1, designed to simplify on-chain transactions and DeFi management. Unlike many centralized AI models, Kava AI emphasizes decentralization, transparency, and user data sovereignty, with its models and computational capabilities running in a decentralized environment, decision-making processes being auditable, and users having the option to use it anonymously. Kava AI's vision is to be the user's DeFi smart assistant, ultimately capable of understanding user commands and automatically executing complex on-chain operations, such as asset allocation, cross-chain conversions, and finding high-yield opportunities, etc.
In the Web3 world, security is the top priority. The core design of WalletConnect is "non-custodial" and user sovereignty. It does not hold user funds, nor does it store private keys or personal information. Connections are protected by symmetric encryption technology, and each message can only be decrypted by the user's wallet and the DApp. Private keys are always securely isolated on the user's own device, eliminating the risk of asset loss due to DApp vulnerabilities, and building a solid trust layer for user interaction with DApps.
The token economy and ecological applications of BounceBit
BB is the native token of BounceBit, with a maximum supply of 2.1 billion, in homage to Bitcoin's limit of 21 million. BB is used to pay gas fees, network security staking, governance voting, and as a medium of exchange within the ecosystem.
The BounceBit ecosystem includes components like BounceClub, providing DEX, IDO platforms, and GameFi applications. Its cross-chain compatibility and AI-driven aggregator aim to simplify user operations and optimize returns. @BounceBit #BounceBitPrime bounce_bit #BounceBitPrime and $BB
Dolomite's governance token DOLO is the core of the ecosystem, with a total supply of 1 billion. Its token economic model includes three complementary forms: DOLO (basic functionality), veDOLO (governance and profit sharing), and oDOLO (incentive discounts).
The token distribution balances research and community vitality: 20% is allocated for future liquidity mining, 20% for airdrops, the core team and investors hold 20.2% and 16.2% respectively, with the remainder allocated to foundations, partners, etc.
DOLO was initially issued on Berachain and achieves cross-chain interoperability through Chainlink CCIP. Holders can participate in governance and share profits by locking their tokens, promoting long-term ecological development. @Dolomite #Dolomite @Dolomite and includes topic tags #Dolomite and $DOLO
The vision of Mitosis goes far beyond an ordinary DeFi protocol; it aims to become the global liquidity underlying infrastructure of Web3, just as the TCP/IP protocol is fundamental and indispensable for the internet. Its ultimate goal is to allow end users to enjoy a smooth and unobstructed cross-chain experience, seamless yield farming, and default privacy protection without perceiving the complexity of the technology.
Mitosis draws inspiration from one of nature's most sustainable principles—cell mitosis (Mitosis)—and attempts to build a system that can self-expand, self-adapt, and organically develop. This marks the inevitable evolution of DeFi from isolated “islands” to a unified, efficient, and private global financial system.
In the future, Mitosis plans to continuously expand its cross-chain capabilities, deeply connecting with all major Layer-1 and Layer-2 blockchains, and continually expanding its list of miAssets and maAssets. By attracting institutional investors and nurturing a native DeFi ecosystem based on miAssets, Mitosis is expected to lay a solid foundation for the future of digital finance. @Mitosis Official #Mitosis
The cross-chain capabilities and technological advantages of Pyth Network
Pyth Network has achieved unprecedented multi-chain data service capabilities through the integration of the Wormhole cross-chain protocol. This architecture allows Pyth to provide real-time price information for over 30 blockchains simultaneously after a single data update, including major public chains such as Solana, Ethereum, Aptos, and Sui.
Its core technological advantages lie in high throughput and low latency - the Pythnet dedicated chain can process thousands of transactions per second, ensuring that price updates are almost completed in real-time. The unique "pull model" allows dApps to fetch the latest data only when needed, significantly reducing on-chain costs.
These technological innovations make Pyth the most scalable and cost-effective oracle solution, particularly suitable for high-frequency trading and DeFi applications that require high capital efficiency.
Pyth Network's cross-chain capabilities and technological advantages
Pyth Network has achieved unprecedented multi-chain data service capabilities by integrating the Wormhole cross-chain protocol. This architecture allows Pyth to provide real-time price information for over 30 blockchains simultaneously after a single data update, including major public chains such as Solana, Ethereum, Aptos, and Sui.
Its core technological advantages lie in high throughput and low latency - the Pythnet dedicated chain can process thousands of transactions per second, ensuring that price updates are completed almost in real-time. The unique "pull model" allows dApps to retrieve the latest data only when needed, significantly reducing on-chain costs.
These technological innovations make Pyth the most scalable and cost-effective oracle solution, particularly suitable for high-frequency trading and DeFi applications that require high capital efficiency.
The Somnia ecosystem is committed to becoming the infrastructure of virtual society, not just a place for financial transactions. It supports people to participate with digital identities, collaboratively building culture and memories, where value is reflected not only in capital but also in experiences, memories, and identities.
The ecosystem covers multiple fields including gaming, the metaverse, DeFi, AI, and NFTs. Known partners include games like Uprising, Chunked, metaverse projects like MSquared, Playground, as well as DeFi protocols like QuickSwap, Standard Salt.
In terms of infrastructure, Somnia supports the Hyperlane cross-chain protocol (connected to 150+ chains) and collaborates with analytical tools and developer platforms like Dune, Sequence, providing comprehensive support for ecosystem projects.
Somnia has also launched the Somnia Builder no-code toolkit (in collaboration with Sequence), helping developers and creators easily build games, avatars, and on-chain virtual economies, lowering the barriers to creation. @Somnia Official #Somnia #Somnia and $SOMI
OpenLedger@OpenLedger #OpenLedger $OPEN is the underlying infrastructure for building a decentralized AI economy. Its core mechanism is based on Proof of Attribution (PoA), precisely tracing data contributions to ensure that contributors are rewarded according to their value.
The network is built on the OP Stack, featuring high throughput and EVM compatibility, and significantly enhances computational efficiency and reduces inference costs through technologies like OpenLoRA. It is breaking the AI data black box through a verifiable incentive model, reshaping a new, open, and trustworthy ecosystem.
Can it really succeed? Let's try when we have time.
空投达人
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Making money in the crypto world is exhilarating, but freezing cards makes you question life! Get it done! This card lets the money in the crypto world go directly into your mouth! (Including the process of opening a card, binding it, and buying things on Taobao)
Making money in the crypto world is exhilarating, but spending money in the circle feels like being a thief? Freezing cards makes you question life, and the mountains of money earned on-chain can only be watched?
Stop acting like a thief! Keep a close eye on this Solayer Emerald Card—this thing directly welds the 'on-chain printing press' and the 'pancake stall downstairs' together!
I tried it myself! Shopping on Taobao was incredibly smooth, and I almost laughed out loud when I received the bottled water I bought—money on the chain really can be spent! Plus, single transactions under 200 yuan incur no fees.
Opened the card yesterday, bound it to Taobao, and directly topped up USDC from the bound SOL wallet. Bought 24 bottles of water due to the heat, paid directly with the bound Visa card, done! (How to bind the payment app? Detailed steps below)
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