Shaw Walters, founder of Eliza Labs, announced that the ELIZAOS token is 'dead' and the Eliza Foundation is winding down after using remaining treasury funds to settle a class-action lawsuit. The token, formerly known as AI16Z, fell 19% to an all-time low following the announcement.
Shaw Walters, founder of Eliza Labs and the ElizaOS AI agent framework, announced the project's token is 'dead' and the foundation is winding down after using remaining treasury funds to settle a Burwick Law class-action lawsuit. The token, formerly known as ai16z, has crashed 97% from its $2.4-2.5 billion peak market capitalization to approximately $305,000.
Uniswap Labs launched Pools.trade on August 5, 2026, a new memecoin creation platform on Robinhood Chain, as the decentralized exchange developer expands into token launchpad services amid over 340,000 token launches on Uniswap v4.
BNB Chain announced it is pursuing legal action against a former employee who allegedly bought nearly 80% of ASTEROID token supply for $10,000 using a tutorial wallet, then sold most tokens for approximately $638,000.
BNB Chain announced it is taking legal action against a former employee who allegedly used a wallet seed phrase from an old tutorial video to independently launch the ASTEROID meme token without authorization. The company disavowed any connection to the token, which saw four wallets acquire nearly 80% of its supply before selling.
Solana memecoin platform Pump.fun terminated over 40 employees approximately two months before their PUMP token allocations were scheduled to vest, according to a Sandmark report, leaving at least one former employee without access to tokens potentially worth millions.
Decentralized exchange aggregator 1inch publicly launched Aqua, a shared liquidity protocol across 13 EVM chains, with a 10 million 1INCH incentive program. The protocol allows liquidity providers to approve wallet balances rather than depositing into pools, with tokens moving only when trades execute.
World, the biometric identity verification startup co-founded by OpenAI CEO Sam Altman, raised $52.5 million through a token sale led by Pantera Capital while celebrating its third anniversary and launching Phase 3 of its expansion plan. The company's proof-of-human verification is now being integrated into applications including Tinder, Zoom, and concert ticketing platforms.
The World Foundation, steward of Sam Altman's World Network, raised $52.5 million through a strategic WLD token sale to expand its World ID 'proof of human' verification system. Pantera Capital led the funding round with participation from Bain Capital Crypto, Eightco Holdings, Selini Capital, and Susquehanna Crypto, with investors joining a 12-month lockup period.
MVMT Labs, the developer behind the Movement blockchain, filed for Chapter 11 bankruptcy in Delaware on July 15. The filing follows months of upheaval including a controversial market-making agreement, internal investigation into its MOVE token launch, and a Binance ban.
A typo in a Pump.fun bounty prompt resulted in a dispute over a 40 SOL payment to an Indian man who got a tattoo, but the error spawned a viral memecoin ($BOUTYWORK) that has generated over $27,000 in creator fees. The incident emerged from Pump.fun's new bounty platform that pays users for completing tasks, which has led to various extreme marketing stunts.
Coinbase Ventures purchased ENA tokens on the open market and announced a partnership with Ethena to develop onchain savings products, with a Coinbase integration set to roll out next week targeting their combined user base of over 100 million.
Web3 investigator ZachXBT flagged RAVE token as a potential pump-and-dump scheme after it surged over 4,500% with nearly 90% of supply concentrated in three wallets. Binance and Bitget have committed to investigating the token's suspicious price movement.
Trump-backed World Liberty Financial has proposed burning up to 4.52 billion tokens (10% of insider allocation) and implementing 2-5 year vesting schedules for 62.3 billion locked tokens. The proposal has drawn harsh criticism from major investor Justin Sun, who called it an 'absurd governance scam.'
