Sudoswap Proposal to Distribute Fees Leads to 225% Surge in SUDO Token Value

Solana-based decentralized exchanges are experiencing a decline in daily trader count and transactions due to concerns over meme coin scams. Experts attribute the drop to predatory rug pulls and Ethereum's dominance, suggesting Solana needs to diversify beyond meme coins for sustainable growth.

A group of digital asset investors met with former Thai Prime Minister Thaksin Shinawatra in Bangkok to discuss establishing Thailand as a regional hub for digital assets. The meeting included participants from various firms, aiming to unlock Thailand's potential in the crypto space.

Webull's launch of crypto services in Australia through Coinbase Prime is expected to increase competition and potentially lower fees in the local crypto exchange market. Industry experts believe that the entry of Webull, offering access to 240 coins, will provide Australians with more options and better user experiences.

Senator Bam Aquino proposed placing the Philippine national budget on a blockchain platform to enhance transparency and accountability. This initiative would leverage existing blockchain technology to make all spending traceable by citizens, although no formal proposal has been submitted yet.

Nvidia exceeded Q2 expectations with $46.7 billion in revenue and $1.05 adjusted EPS, driven by strong Blackwell chip sales. However, shares dropped 3.4% due to zero H20 chip sales to China and concerns over geopolitical risks and slowing data center growth.

CRO, the native coin of the Cronos network, surged to a three-year high after Trump Media Group announced plans to establish a multi-billion-dollar treasury to hold the cryptocurrency. The treasury, named Trump Media Group CRO Strategy, Inc., is seeded with 6.3 billion CRO tokens and additional financial resources.

Sanctions were imposed by the U.S. Treasury Department on individuals and companies from North Korea, Russia, and China for stealing cryptocurrency from American businesses. The operation involved spies posing as remote workers within foreign companies to steal cryptocurrency.

Solana is leading the charge in the crypto market, with an 8% increase in the last 24 hours, trading above $209. The market bounce indicates renewed investor confidence, with potential rotation into select altcoins like Solana.

Anthropic's threat intelligence report reveals how cybercriminals are leveraging AI, like Claude Code, for mass extortion operations across various sectors. These bad actors are using AI to automate attacks, generate ransom notes, and even land fraudulent remote jobs for sanctions evasion, all while relying on cryptocurrency for payments.

Benchmark has raised Hut 8's price target to $36, citing the company's plans to expand its power capacity for various computing purposes. The move aims to increase financial flexibility and growth opportunities while maintaining exposure to Bitcoin.