Solana2026-09-13 01:54:27PERPSPAD briefly tops $5 million market cap as Solana token jumps more than 200% in 24 hoursPERPSPAD, the token tied to the Solana-based token launch platform PerpsPad, briefly pushed its market capitalization above $5 million before pulling back to $4.2 million, according to GMGN market data cited by BlockBeats on Sept. 13. The token was still up more than 200% over the past 24 hours at the time of the update. PerpsPad describes PERPSPAD as a Solana ecosystem "position-tokenized" asset. The platform’s model links each issued token to a real leveraged perpetual futures position. Trading fees are automatically routed to a dedicated on-chain sub-wallet for that token and used to open or add to leveraged positions across markets including SOL and BTC. Part of those fees is also used to buy back and burn tokens. PERPSPAD itself is set up as a 5x long SOL strategy. It can also receive buyback support from trading revenue generated by other tokens on the platform, and it runs on Phoenix. BlockBeats added a risk warning, saying the token is highly volatile and carries significant uncertainty, and urging users to invest cautiously.1020
Solana2026-08-12 16:32:38Solana wrestles with whether its foundation should back one perps winner or let the market decideA public dispute over Solana’s perpetual futures market has turned into a broader argument about what a well-funded ecosystem foundation is supposed to do when several teams are chasing the same category. The debate started after Flash.Trade founder Anas Khader said he was shutting down his exchange on Aug. 7 and blamed, in part, what he described as the Solana Foundation’s cold support for a single rival team. Two days later he named Phoenix, claiming it benefited from foundation-linked grants, though he offered no evidence and the foundation has not disclosed recipients or amounts under its perps initiative. The clash quickly widened beyond one protocol. Commentators including Fabiano argued that Phoenix’s fully onchain design captures more activity for Solana itself, making a concentrated push easier to justify if the goal is to build a true rival to Hyperliquid. On Aug. 10, Solana Foundation President Lily Liu rejected the idea of “king making,” saying the right principle is “open meritocracy”: actively enable competition and let the market decide. Solana Labs co-founder Anatoly Yakovenko and Anza economist Max Resnick then joined the discussion, extending it into a larger question about token value, chain architecture, and how ecosystem resources should be deployed.660
Solana2026-08-10 02:00:00Solana Co-Founder Toly Responds to Flash.Trade Shutdown Criticism: Foundation's Help Limited to Early PromotionFlash.Trade has announced it will wind down operations unless it finds a buyer, prompting claims that the Solana Foundation's strong support for Phoenix effectively killed the competing trading platform. Solana co-founder toly pushed back in a tweet on Aug 10, saying the foundation cannot guarantee a product's success and its role is limited to marketing at the initial launch. According to toly, if another competing product were launched, the foundation could try to help that team get off the ground. But how much attention and ultimate impact the foundation's help brings depends on the product itself, not the foundation. He listed key questions: Is the product novel? Is it good? Do people like its promotional story? These factors, he said, are what truly drive user growth. Phoenix was heard of by almost everyone after launch, he noted, but whether that attention turns into actual users depends entirely on the Phoenix team. The remarks came after Flash.Trade said it would gradually shut down if no interested acquirer emerged.480
Waymo2026-07-25 16:54:29Waymo and Uber end self-driving taxi partnership in PhoenixWaymo and Uber formally ended their autonomous taxi partnership in Phoenix in May 2026, according to a Techub News brief citing CryptoBriefing. The change involved more than 10 Waymo vehicles, which were pulled from the Uber platform and returned to Waymo’s own fleet. The move marks the end of one city-specific arrangement between the two companies, though it does not bring their broader relationship to a halt. In Atlanta and Austin, Waymo vehicles are still available through the Uber app, showing that cooperation between the companies continues in those markets. The report also says both firms see London as a key market for future competition. At the same time, Uber is lobbying in Washington, D.C., against a regulatory proposal that would favor Waymo. The developments point to a relationship that now mixes ongoing operational ties in some cities with direct competitive and regulatory friction in others.1850
Bitcoin Cash2026-07-09 21:52:13Phoenix Drives BCH Hashrate to Record High, Stirring Attack FearsAn unknown miner known as Phoenix has pushed Bitcoin Cash hashrate above 10 EH/s, taking control of a large share of recent blocks and prompting debate over whether the move signals bullish positioning or possible attack preparation.480
