JupiterDAO has opened a governance vote asking JUP holders to choose between continuing Jupuary emissions or pausing airdrops and sending 700 million tokens back to the community treasury.
Crypto market cap fell to $2.67T on Feb 4, with BTC and ETH down over 3%. Fear & Greed Index dropped to 14 (Extreme Fear). WLFI rose 5.85%, LIT fell 6.56%, TRIA surged 14.72%.
Over $330 million in token unlocks this week, with six cliff events (SUI,JUP,SIGN,EIGEN,OMNI,GUN) and five linear daily unlocks (RAIN,SOL,CC,TRUMP,WLD) poised to pressure prices.
Crypto market value rose to $2.69 trillion as ETF holdings topped $107 billion. SIREN, JUP, ONDO, ICP and VVV all posted strong gains, each driven by different catalysts from liquidations to institutional deals.
Global crypto market cap dips 0.4% to $3.1T on Jan 29, with Bitcoin and Ethereum seeing mild losses. Worldcoin outperforms with a 20.22% gain, while fear sentiment deepens to 26.
A MarsBit feature published on July 17 argues that two separate developments may reshape parts of the crypto market: Jito DAO is trying to hardwire token value capture through JIP-38, while Ethereum treasury companies such as Bitmine and SharpLink are starting to fund protocol development as the Ethereum Foundation tightens spending. According to the article, JIP-38 would send JTX revenue allocated to the DAO into programmatic open-market buybacks and burns of JTO through at least the fourth quarter of 2027. The proposal gives the DAO 80% of JTX platform fees, with the remaining 20% reserved for reinvestment into the same platform. The piece argues that the real test is not rhetoric about “token-centric” models, but who receives revenue, who can shut off the burn mechanism, whether governance can remove operators, and whether company income has actually been redirected to token holders before. On Ethereum, the article says the funding mix is changing. After staff cuts and budget reductions at the Ethereum Foundation, new entities such as ETH Labs, Ethereum Institutional, and EthSystems emerged in quick succession. Behind that shift, the piece points to Bitmine, SharpLink, and Joe Lubin. It frames treasury companies’ move into protocol spending as a response to shrinking mNAV multiples and underwater ETH positions, with staking yield becoming a possible source of self-sustaining research and development capital.
Jupiter community passes a proposal with 75% majority to reduce net future JUP token release to zero, indefinitely postponing the Jupuary airdrop and suspending team vesting. JUP surges 11.7%.
Jupnet will launch JupVM on October 15, a new core stack for the Solana Virtual Machine (SVM) featuring ADI, Omnichain Ledger, and DOVE frameworks, offering a third-party-independent solution to boost developer efficiency.
