News

Cap
2026-07-14 01:03:36

Cap founder apologizes over Stabledrop cut, says airdrop pool fell from 11 million to 4.2 million

Cap founder Benjamin apologized after controversy over the reduced Stabledrop allocation and laid out the project’s explanation in detail. He said the team had committed too early to an 11 million airdrop before funding was fully secured. After market conditions changed, fundraising came in below expectations, shrinking the actual airdrop pool to 4.2 million. Benjamin said the team then replaced its planned linear distribution with a temporary restructuring model designed to preserve principal but offer no profit for early YT holders, with the goal of ensuring that no participant takes a loss. He added that the rule applies equally to all wallets. Addressing community criticism around a whale wallet suspected of internal score farming, Benjamin said the address belongs to a former colleague rather than the team itself and that no treasury funds were used. He also said the Cap protocol remains healthy and argued that the TVL drop seen over the weekend was mainly driven by a spike in USDM borrowing rates on Aave on MegaETH, which pushed arbitrage traders to exit, rather than by the airdrop dispute. According to him, all redemptions were processed smoothly.

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Cap founder apologizes over Stabledrop cut, says airdrop pool fell from 11 million to 4.2 million
Standard Nucl
2026-07-14 01:01:33

Standard Nuclear files for U.S. IPO with valuation of up to $3.55 billion

Standard Nuclear has filed for an initial public offering with the U.S. Securities and Exchange Commission, seeking to raise as much as $383.25 million. The Tennessee-based nuclear fuel developer plans to sell 18.25 million shares at $18 to $21 each, implying a post-listing valuation of up to $3.55 billion at the top end of the range. The company, headquartered in Oak Ridge, focuses on TRISO advanced nuclear fuel used in next-generation reactors, microreactors and small modular reactors. According to the filing details cited in the report, net proceeds will be used for working capital, general corporate purposes, and potential acquisitions or investments in complementary businesses, technologies or assets. The report also said Standard Nuclear expects to list on the New York Stock Exchange in mid-July under the ticker STDN. Its underwriting group includes BofA Securities, Goldman Sachs, Barclays and UBS Investment Bank. Financially, the company reported quarterly revenue of $593,802 for the period ended March 31, up 57% from a year earlier.

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Standard Nuclear files for U.S. IPO with valuation of up to $3.55 billion
Coinbase
2026-07-14 01:01:00

Coinbase CEO says Base’s creator token strategy failed, defends AI agent focus

Coinbase CEO Brian Armstrong said publicly on X that Base’s creator-token push did not work and that the network changed course earlier this year, according to The Defiant. Responding to a user, Armstrong wrote that the effort failed, called it a mistake, and said it was time to move on. The admission marks a clear break from a strategy Base had backed for more than a year around creator-linked “content coins.” The main platform tied to that push, Zora, has seen its ZORA token fall about 95% from its all-time high in August last year, with market capitalization dropping from roughly $800 million to about $30 million. Armstrong also pushed back on criticism that Base’s current emphasis on AI agents is just another trend chase. He said the network’s roadmap has consistently prioritized trading, payments, and agents, describing the three as closely connected. Base’s March 2026 roadmap highlighted global markets, stablecoin payments, and AI agents, while Coinbase introduced the x402 protocol for autonomous agent payments and launched Coinbase for Agents with Microsoft, Google, and Mastercard.

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Coinbase CEO says Base’s creator token strategy failed, defends AI agent focus
Gate
2026-07-14 01:00:03

Gate data shows WTI crude up 1.99%, Brent rises 1.27% intraday

Gate’s latest market data showed gains across several commodity benchmarks, led by crude oil. WTI crude rose 1.99% intraday to $79.94 a barrel, while Brent crude climbed 1.27% to $85.06. Precious metals also moved higher, with gold at $4,004.15 per ounce, up 0.05%, and silver at $57.455 per ounce, up 0.88%. Crypto-linked volatility gauges were higher as well. The nBVIX, a BTC volatility index, was quoted at 39.4, up 3.85% on the day. EVIX, the ETH volatility index, stood at 52.37, also up 3.85%. In foreign exchange, USD/CNH was unchanged on the day at 6.78457, and USD/JPY was also flat at 162.381. Among major equity benchmarks, the Euro Stoxx 50 rose 0.42% to 6,236.92, while the UK100 fell 0.49% to 10,443.8 and Germany’s DAX40 slipped 0.21% to 24,896.1. Gate said its TradFi offering supports direct trading of traditional financial market products on the platform, including precious metals, foreign exchange, global stock CFDs, key indexes, and commodities, with the feature integrated into both its app and web platform.

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Gate data shows WTI crude up 1.99%, Brent rises 1.27% intraday
Metaplanet
2026-07-14 00:57:36

Metaplanet closes Siiibo acquisition and launches securities unit

Metaplanet has completed its acquisition of Siiibo Securities and launched a new subsidiary, Metaplanet Securities, according to Techub News. The business holds a Type I Financial Instruments Business license from Japan’s Financial Services Agency and is set to develop bitcoin-backed bonds and digital credit products. Metaplanet acquired the Tokyo-based broker for 2.1 billion yen and plans to work with JPYC and Progmat to build a digital credit ecosystem. The company said it will use its bitcoin reserves as credit-enhancement collateral for regulated, yen-denominated bitcoin-backed yield products aimed at investors. Product design and the timeline for issuance are still under review.

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Metaplanet closes Siiibo acquisition and launches securities unit
South Korea e
2026-07-14 00:56:02

KOSPI turns higher in South Korea, with Samsung Electronics up 5%

South Korea's KOSPI index moved into positive territory on July 14, posting a 1.00% intraday gain, according to market data cited by BlockBeats from Bitget. Among major stocks mentioned in the update, Samsung Electronics rose 5%, while SK Hynix added 2%. The move marked a reversal for the KOSPI during the session, with Samsung Electronics leading the gainers listed in the brief market snapshot. No additional market drivers or broader sector details were provided in the source report.

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KOSPI turns higher in South Korea, with Samsung Electronics up 5%
Uniswap
2026-07-14 00:54:08

Hayden Adams says Robinhood Chain is off to a fast start as Uniswap Chain shifts focus to RWA

Uniswap Labs founder and CEO Hayden Adams said at WebX 2026 in Tokyo that Robinhood Chain has become one of the most talked-about topics in crypto because of its rapid early growth. He said the chain already has both meme-related activity and real-world assets, or RWA, which he described as especially promising for a new network. In his view, Robinhood Chain could serve as a bridge between tokenized traditional assets and crypto-native assets. Adams also spoke about the current market backdrop, saying builders still have to keep moving even in a bear market. He compared the environment to Uniswap’s early days, when few people believed crypto still had a future, and argued that this cycle still has room for adoption as existing businesses and assets continue moving online and on-chain. On Uniswap Chain, Adams said the team often has to explain how crypto works to traditional finance clients, who remain cautious and must also deal with a fragmented market structure across protocols, standards, and ecosystems. He said Uniswap’s long-term goal is to become the liquidity layer for assets on-chain worldwide, with this year’s main focus set on RWA.

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Hayden Adams says Robinhood Chain is off to a fast start as Uniswap Chain shifts focus to RWA
Coinbase
2026-07-14 00:53:47

Brian Armstrong says Base creator coin push fell short, focus now on trading

Coinbase co-founder and CEO Brian Armstrong said in a post on X that Base’s earlier push around creator coins did not succeed and that the network completed a strategic shift earlier this year. He said Base is now focused on three connected priorities: trading, payments, and AI agents. Armstrong added that payments require foreign exchange trading, while AI agents are also expected to involve a large number of trading and payment use cases. At present, most of Base’s resources have been directed toward trading, making it the project’s main operating focus.

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Brian Armstrong says Base creator coin push fell short, focus now on trading