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Today's News Recap
Legislative Setback - The U.S. House of Representatives failed to pass a procedural vote on three major cryptocurrency bills (GENIUS Act, CLARITY Act, Anti-CBDC Act).
BONK Rally - BONK soars over 15% as memecoin momentum lifts broader crypto market.
Pump Buybacks - Pump.fun has begun buybacks post-ICO amid revenue share plans and a push to rival Axiom.
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In Messari News
New Research Podcast
This week’s episode breaks down one of the most pivotal weeks in crypto infra this year. The Enterprise team dives into the PUMP ICO chaos, Hyperliquid's surprise partnership with Phantom, and what this means for the future of on-chain trading, builder codes, and token launches.
Messari Protocol Reporting
Messari's protocol reports give you a deep dive on the foundation and state of top crypto protocols, including key metrics and notable events. See the complete list of protocol reports here and get a preview of our latest report below.
Layer-1 / DeFi Infrastructure built on Cosmos SDK
Bitcoin-backed security sharing for other chains (BSNs – Bitcoin Supercharged Networks)
Secured 57,167 BTC, representing 0.29% of Bitcoin's supply—ranking 4th behind only BlackRock, Grayscale, and Fidelity
BABY token launched in April with a 6% airdrop. It powers governance, gas, and staking
Gaming / DePIN
Turns unused high-end gaming PCs into nodes for a decentralized, low-latency cloud gaming network
Combines compute, storage, and bandwidth on a single node to minimize latency
Developing AI-powered video delivery system to send intent not pixels, 75% bandwidth savings & scalable concurrent streaming
Solana hosts over $418M in real-world assets (RWAs), up 140% YTD, led by Ondo’s USDY (42% share)
xStocks by Backed + Kraken launched in June; Superstate, Ondo, and Step Finance plan similar rollouts
R3 aims to port $10B in tokenized assets from Corda to Solana
RWAs integrate with Solana-native DeFi platforms (e.g., Kamino, Drift Institutional) for lending and liquidity
From Our Sponsor
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