Cronos

Cronos

2026-10-04 03:40:04

Cronos governance proposal passes to use product revenue for CRO buybacks and burns

Cronos has approved Cronos POS governance proposal #37, with voter participation at 48.36% and 99.78% of votes cast in favor. The proposal says 100% of revenue generated by Ult and Cronos Launch will be used to buy CRO on the open market, with the tokens then burned on-chain every month. Transaction hashes tied to those buyback-and-burn operations are set to be disclosed publicly. The proposal also calls for using the Strategic Reserve to supplement future Cronos POS staking rewards. At the same time, the measure is described as a signaling governance proposal rather than an executable one, meaning it does not include executable messages and will not directly change on-chain parameters. Product revenue is already trackable, while the buyback-and-burn contract and the related automation mechanism are still under development, according to the item cited by Techub News.

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Cronos

2026-10-04 03:13:33

Cronos approves tokenomics proposals, bringing total CRO burned to 428 million

Cronos Network said two tokenomics proposals have passed community voting, clearing the way for additional CRO burn measures and a new revenue allocation plan. The network said 228 million CRO from the Cronos community pool has already been burned, taking the cumulative amount destroyed to 428 million CRO. Under the approved framework, 100% of revenue generated by Cronos Ult and Cronos Launch will be used to buy back CRO on the open market. Those tokens will then be burned on a monthly basis, and the related transaction hashes will be made public. Cronos also said its staking reward mechanism will remain unchanged. Funding for those rewards will continue to come from the strategic reserve, according to the update cited by Odaily.

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Cronos

2026-10-04 03:21:35

Cronos passes two tokenomics proposals, burns 228 million CRO

Cronos Network said on Oct. 4 that two tokenomics proposals have passed, with 228 million CRO from the community pool already burned. The move brings the token’s cumulative burn total to 428 million CRO. Under the approved proposals, all future revenue generated by Ult and Cronos Launch will be used to buy back CRO from the open market, followed by monthly burns. Cronos also said all related transaction hashes will be disclosed publicly. The update lays out both the completed burn and the mechanism for future buybacks and burns tied to revenue from the two products.

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Cronos

2026-10-04 03:12:56

Cronos says two tokenomics proposals passed, with 228 million CRO burned

Cronos Network said in a post on X that both of its tokenomics proposals have passed community voting. Following the vote, 228 million CRO from the Cronos community pool has been burned, bringing the network’s cumulative burn total to 428 million CRO. The project also said that 100% of revenue generated by Cronos Ult and Cronos Launch will be used to buy back CRO on the open market, with tokens to be burned on a monthly basis. Cronos added that the transaction hash for each buyback and burn will be made public. At the same time, the network said its staking rewards mechanism will remain unchanged, and that those rewards will continue to be funded by the Strategic Reserve.

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Polymarket

2026-09-20 13:52:57

Polymarket fraud case, SEC exemption framework, and weekly crypto project updates draw attention

WuBlockchain’s latest roundup spans a wide set of crypto developments, led by a Wall Street Journal report that Polymarket’s U.S. business was hit by a large fraud attack in February, with bad actors attempting to move at least $10 million through stolen debit cards, betting activity, and withdrawals. The report also said a payment processor at one point flagged more than 80% of deposits it handled as fraudulent, far above the roughly 1% industry norm cited in the story. Separately, analysts at Goldman Sachs and Citizens said the U.S. Securities and Exchange Commission’s proposed five-year “innovation exemption” framework for tokenized U.S. stocks traded via AMMs on public blockchains could create openings for Coinbase, Robinhood, and Circle, though they also pointed to structural limits. Other items in the roundup include Strategy’s roughly 47.6% one-month gain, a kidnapping case involving a crypto professional’s family in France, Robinhood Chain’s fee economics, and a series of project updates covering Hyperliquid, Polygon, Solana, Ondo Finance, World, Lido, Aave, Starknet, Linera, and Cronos.

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Hyperliquid

2026-09-20 06:48:47

Weekly project roundup: Hyperliquid rolls out lending, World launches finance app, Polygon plans POL burn

A busy week across crypto projects brought a mix of lending rollouts, token burn plans, infrastructure changes and governance proposals. Hyperliquid launched manual lending, letting users borrow quoted assets such as USDC and USDT against HYPE and BTC collateral, with lending assets on the platform reaching $269 million. Polygon Foundation CEO Sandeep Nailwal said Polygon plans to permanently burn 100 million POL, with the contract already deployed on testnet and a possible quarterly burn path for fees collected after mainnet activation. World introduced World Money, a self-custodial finance app now available in more than 150 countries and regions, combining stablecoin payments, investing, yield products and global transfers while integrating Stripe, Kalshi and Morpho. Elsewhere, Solana shortened its block target interval to 250 milliseconds without increasing total transaction capacity, Aave proposed a custodied collateral lending model for institutions using Anchorage, and Lido floated an emergency CEX liquidity-making framework for LDO. Starknet also launched a privacy-focused prediction market trading service, while Linera said it is shutting down due to a lack of funding and Cronos advanced a proposal to direct Ult and Cronos Launch revenue toward CRO buybacks and burns.

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21Shares

2026-09-19 09:20:00

21Shares files amended S-1 for spot INJ ETF as Linera shuts down and refunds token buyers

PANews’ daily roundup on Sept. 19 covered a wide spread of crypto developments, from regulation and product filings to whale activity and ETF flows. The headline items were 21Shares’ amended S-1 filing with the U.S. Securities and Exchange Commission for a proposed spot Injective ETF, and Linera’s decision to cease operations after its token sale failed to meet the minimum fundraising threshold, with all subscription funds returned in full. Elsewhere, the Cronos community proposed using revenue from Ult and Cronos Launch to buy back and burn CRO on a monthly basis, while oracle project Switchboard said it will wind down operations and end support on Sept. 25. Coinbase said it has applied to launch single-stock perpetual futures in the U.S., and Bloomberg reported that Yahoo Finance has ended its partnership with Polymarket. The roundup also included a large set of market and on-chain data. SoSoValue showed $433 million in net inflows into U.S. spot Bitcoin ETFs on Sept. 18 and $144 million into spot Ether ETFs. EmberCN said a whale entity tied to Garrett Jin once accumulated more than 100,000 BTC and that several major losses over the past year were tied mainly to selling BTC. Additional alerts covered large ETH transfers to Bitfinex, TRUMP token movements, a forced ZEC short liquidation, and TRM Labs’ report on malicious fake AI trading bot tutorials on YouTube.

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Cronos

2026-09-15 03:16:59

Cronos App rebrands as Ult, with launch set for Sept. 17

Cronos App said on X that it has rebranded to Ult, short for Ultimate, and will go live on Sept. 17. According to the announcement, the app will support several products on day one: spot trading for popular cryptocurrencies, trading in stocks, commodities and crypto perpetual contracts, a sports prediction market, and deposits made via Apple Pay, bank cards or cryptocurrencies. The team also drew a clear line around token-related claims, saying Ult will not issue its own token and that any token using the ULT name is unrelated to Ult, Cronos Labs or the Cronos Network. In the same post, the company said all revenue generated by Ult will be used to buy and burn CRO on the open market. It added that the team plans to carry out those transactions on-chain every month in the future and publish the transaction details publicly.

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