1. DeBank Announces DeBank XP Airdrop Snapshot on July 4 link

DeBank has announced the airdrop of DeBank XP, which was snapshot at 8:00 AM Beijing time on July 4th. All active addresses are eligible to receive the initial XP airdrop. DeBank has distributed XP to addresses holding assets greater than zero and meeting any of the following conditions: being an active on-chain address in 2024 (initiating at least one transaction) or being active on DeBank in 2024. The initial XP for each address is determined by its on-chain assets, credit, and Web3 social ranking on DeBank.

2. Tether Ends Support for USDT and EURT on Omni, Kusama, SLP, EOS, and Algorand Blockchains link

Tether has announced that it will cease support for USDT and EURT on the Omni, Kusama, SLP, EOS, and Algorand blockchains as of September 1, 2025, and will freeze the remaining tokens. Tether encourages users holding these tokens to redeem or transfer them to supported blockchains as soon as possible. Tether emphasized that community feedback played a crucial role in its decision-making process, aimed at enhancing security and efficiency.

3. OP Labs: Fjord Upgrade to Launch on OP Mainnet on July 11 link

OP Labs announced via Twitter that the Fjord upgrade went live on the OP mainnet at 00:01 Beijing time on July 11. This upgrade introduces new features and cost reductions, including a 20x reduction in smart wallet key verification costs through RIP-7212 precompilation. Developers can now create smart wallet experiences without scale and cost limitations. Additionally, the upgrade provides more accurate pricing functions and more efficient Brotli batch compression, reducing transaction costs by 5 to 15%. The sequencer drift has also been increased from 10 minutes to 30 minutes.

4. Worldcoin Foundation Extends WLD Token Grant Reservation Period by One Year link

The Worldcoin Foundation announced an extension of the WLD token reservation period by one year. Initially launched in July 2023, the reservation plan allows individuals without a verified World ID to reserve WLD tokens for future redemption. This move aims to ensure broader participation in the Worldcoin project, regardless of access to Orb devices. The original reservation deadline, set to expire in July 2024, has now been extended to July 31, 2025.

5. Compound CEO and Founding Team Resign to Establish New DeFi Protocol Legend link

Compound founder and CEO Jayson Hobby has announced his resignation and, along with two other Compound Labs executives, is launching a new DeFi protocol called Legend. The other executives include Compound founder and CTO Geoffrey Hayes and Compound Vice President of Product Mykel Pereira.

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6. Aave DAO and MakerDAO Disagree Over $2 Million Profit Sharing Agreement link

Aave DAO and MakerDAO have encountered a disagreement over a profit-sharing agreement, with MakerDAO’s lending protocol Spark (a fork of Aave v3) being accused of violating its agreement with Aave DAO. Representative Marc Zeller revealed that in February 2023, Phoenix Labs, the company behind Spark, proposed to share 10% of its profits over two years, with an expected total payment of $2 million to Aave. However, Spark has not fulfilled its contractual obligations, and due to some creative accounting practices by MakerDAO, the actual revenue share is closer to 1%.

7. io.net: Temporarily Removing Apple M Chips from Supported Devices List link

Solana ecosystem DePIN protocol io net has announced the temporary removal of Apple M chips from its supported device list, effective July 15. Support for M2 and M3 series chips will cease, with M2 Ultra and M3 device support continuing until the end of the month. io net stated that discussions with current and potential customers highlighted the importance of prioritizing GPUs and incentivizing high-demand GPU usage for the network’s sustainability. All rewards for M series chips will be reallocated to eligible GPUs. If future demand or opportunities for M series chips arise, support will be reinstated. The team will reassess the situation monthly and restore support for more devices as soon as feasible.

8. Oracle Network Pyth Network Releases Latest Product Express Relay link

The oracle network Pyth Network has launched its latest product, Express Relay, to address the longstanding MEV (Maximal Extractable Value) issues in clearing and improving market efficiency in DeFi trading. This product connects DeFi protocols directly with established searcher networks via a protocol-controlled auction mechanism to execute valuable transactions such as liquidations. Searchers already integrated with Express Relay include Flow Traders and Wintermute.

9. UniSat: L1 Swap Development Nearly Complete, Introducing Fractal Swap and Incentives link

UniSat announced that most of the development work on L1 Swap has been completed. The remaining tasks primarily involve assisting UniSat Indexer and other indexers in effectively identifying and computing inscriptions related to the Swap module. Additionally, the expansion plan for Fractal Swap is scheduled to launch in September to ensure liquidity and introduce incentive mechanisms.

10. Data: Runes Deployment Reaches 109,600, Minting Exceeds 28 Million link

According to @1999_eth data panel, as of July 8th, the deployment of Runes has reached approximately 109,600 units, consuming a total of approximately 76.7 BTC in miner fees. On average, 1,405 Runes are deployed daily, consuming about 0.98 BTC per day. The forging of Runes has exceeded 28 million tokens, with a total miner fee consumption of 2,270 BTC. Daily forging averages around 360,000 tokens, consuming about 29.1 BTC per day. The total number of wallets involved in forging is 1.58 million, including wallets from mining platforms. The top-ranking wallet has forged a cumulative total of 377,500 tokens, mostly belonging to arbitrageurs.

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