A high-profile creator coin experiment on Coinbase's Base L2 saw a token's valuation plummet by 67% from a $9 million peak, sparking widespread criticism of the SocialFi model's viability.
Hong Kong-based B7 Capital has launched a $100 million Crypto Quantitative Strategy Fund of Funds to invest in specialized digital asset trading teams.
Crypto trading platform Websea burned over 3.23 million WBS tokens, valued at more than $5.01 million, as part of its ongoing deflationary strategy.