GSR2026-09-20 13:49:16GSR says low-float, high-FDV token listings have repeatedly led to weak post-launch returnsGSR analyzed more than 2,300 token listings across major exchanges since 2013 and found a consistent pattern: the lower the initial circulating supply and the higher the fully diluted valuation, the worse the token’s subsequent performance tended to be. The report says median initial circulation fell sharply from 38% in 2017 to about 13% in 2020, recovering only partially in later years. It also found a strong link between listing valuation and float. Tokens listed below a $10 million FDV had a median initial circulation of 97%, while those above $1 billion had a median of 13%. Performance data in the study was similarly weak. On a median basis, tokens fell below their listing price within three days and were down 50% within 90 days. Among tokens listed above a $1 billion FDV, $1 invested was worth just $0.19 after 360 days, equal to a median one-year return of -81%. Tokens with less than 20% initial circulation retained only about $0.23 to $0.26 per $1 after a year, while those with 30% to 50% initial circulation held about $0.55. GSR argues this is not only a crypto issue and points to similar dynamics in the IPO market. The firm also outlines three areas for improvement: pricing public buyers in a way that leaves upside, releasing enough supply for real price discovery, and widening access so more participants can enter earlier.380
Genius.fun2026-09-20 03:25:57Genius.fun launches Genius Alpha tag with $300 paid placement for added visibilityGenius.fun has introduced a new "Genius Alpha" label that gives token projects extra visibility on its platform for a $300 fee. According to the official announcement cited by BlockBeats on Sept. 20, projects that purchase the tag will receive a dedicated category and more prominent placement, aimed at helping users identify them among the large number of tokens going live each day. The platform said launchpads have lowered the barrier to token issuance, but that shift has also made it harder to distinguish teams building seriously from projects seeking quick cash-outs. Genius.fun described the new label as a simple signal: a project pays $300 for additional exposure. The company also said the payment should only be read as a sign of commitment from the project team and does not guarantee quality. Genius.fun added that Genius Alpha is part of its roadmap, with more tools planned to support project launches, organizational operations, and broader business goals. It said making tokens easy to create was only the first step, and that helping communities use tokens for longer-term objectives will be the next focus.320
Paid2026-09-19 14:34:51Paid adds token issuance on Pons, says 80% of fees will go to X usersSolana ecosystem project Paid said it has launched a token issuance function on Pons. According to the project, 80% of the fees generated through the feature will be sent to X users through X Money, while the remaining 20% will be converted into SOL and used to buy back PAID tokens. Paid also said issuers can enable fee distribution through X Money by adding an X handle to a project’s text description. The update was disclosed in a post from the project’s official X account. No additional rollout details were provided in the source material.240
TGE2026-09-15 01:38:23Begin Capital partner says weak TGE debuts expose three structural flaws in crypto token financingA Begin Capital partner has argued that the crypto industry’s so-called "tokenized IPO" model has turned into a market structure where projects can reach token issuance without proving profitability or real user demand, while retail traders end up providing exit liquidity. In comments cited by BlockTempo, the investor said most token generation event, or TGE, launches now fall below issue price shortly after listing, while the few that rise against the trend often trigger compliance questions. The piece centers on SAFT, or Simple Agreement for Future Tokens, a fundraising structure that gives investors rights to receive tokens after a mainnet launch or TGE. The author describes that setup as something closer to a mix of a prediction market and gambling than a conventional financing path. In that view, the system has long operated with three missing pieces: meaningful review, fundamental business anchoring, and transparency. The article also says the market is shifting. SAFE and SAFT are now often used together, due diligence is moving closer to Web2 standards, and capital is increasingly flowing toward sectors that have already shown product-market fit, revenue, and understandable business models. Areas named in the piece include betting and prediction markets, meme coin launch platforms, payments, digital neobanks, fiat on- and off-ramps, and AI, while DePIN and RWA were described as drawing comparatively less funding.460
StonkFun2026-09-15 01:37:42StonkFun says it has distributed more than $40 million in rewards to ecosystem holdersStonkFun, a token issuance platform on Solana, said its cumulative trading volume has surpassed $2.6 billion and that it has distributed more than $40 million in rewards to ecosystem holders. The update was shared on Sept. 15, according to BlockBeats. The platform also disclosed its revenue figures for Sept. 14, reporting $870,663 in income for the day. Of that amount, $517,396 was used for buybacks. StonkFun added that 2.57 million STONK tokens were burned. The figures were presented by the platform in its own post, with no additional details provided in the original brief.640
Solana2026-09-14 08:25:49Solana token issuance tops 1.49 million over the past 7 days, setting a weekly recordOdaily reported, citing monitoring data from SolanaFloor, that more than 1.49 million tokens were issued on Solana over the past seven days. The figure marks the highest weekly total ever recorded on the network. The update points to a new single-week high for token issuance on Solana, based on SolanaFloor’s tracking. No additional breakdown or project-level details were disclosed in the brief.770
Crypto VC2026-09-14 07:01:45Crypto VC Hits an Inflection Point as SAFT Arbitrage Loses Its EdgeForesight framed the latest shift in crypto venture capital as an industry inflection point, centered on a simple question: why has the once-reliable SAFT model stopped working? The brief points to a change in how investors are approaching early-stage crypto deals. Instead of leaning on token issuance and arbitrage expectations, the market is moving toward a fresh review of project quality. The source does not provide additional data, named firms, or deal details. What it does make clear is the direction of travel. A model once treated as a dependable path to returns is no longer being described that way, and the focus is moving back to how projects themselves are judged. In that sense, the note presents the current moment less as a routine market adjustment and more as a reshuffling phase for crypto VC.320
BNB Chain2026-09-11 09:48:03BREW jumps more than 80% in a day after Brew draws attention from BNB Chain executivePublic information shows that Nina Rong, growth executive director at BNB Chain, recently followed the official account of Brew, a newly launched token issuance platform on BSC. The move appeared to coincide with a sharp rally in BREW, the platform’s token, which rose more than 80% in a single day and was last valued at a $26.18 million market capitalization. Brew supports paired token issuance using meme coins, altcoins and stock tokens as liquidity pools. According to the report, BREW has been highly volatile since going live on Sept. 7, at one point dropping below a $4 million market cap before rebounding. The report also noted that related token prices have seen large swings and carry significant uncertainty, with users urged to stay cautious.850
