Decentralized GPU provider io.net has introduced a revenue-backed token burn mechanism, projecting the removal of up to 12 million IO tokens from circulation within the next year. The move follows a record-breaking period for the network, fueled by an $8 million enterprise contract and massive daily AI inference volume.
Fortune has named Bybit to its inaugural Crypto 100 list, a benchmark ranking the most influential organizations currently shaping the global digital asset ecosystem. The exchange earned its position within the centralized finance category, signaling its growing reach across infrastructure, custody, and regulated financial services.
A massive movement of 4.397 billion USDC to a Coinbase address via HyperEVM has set a new benchmark for stablecoin transactions. Analytics firm Arkham flagged the transfer, which links three major entities—Circle, Coinbase, and the Hyperliquid ecosystem—at a moment when onchain liquidity is becoming increasingly centralized.
