Aster Locks 99% of Fees Into Daily Buybacks After Manual Burns Failed to Move Price — Stablecoins

Aster Locks 99% of Fees Into Daily Buybacks After Manual Burns Failed to Move Price

Aster automated its token buyback program to route 99% of daily protocol fees into automatic repurchases paired with equal burns, creating a 198% buyback-and-burn ratio that sparked a 17% price rally. The shift replaces a discretionary program that historically failed to move price, with success now dependent on trading volume growth rather than supply mechanics alone.

Bitcoin Rodney Pleads Guilty to $1.8B HyperFund Fraud, Faces Five Years Maximum — Bitcoin

Bitcoin Rodney Pleads Guilty to $1.8B HyperFund Fraud, Faces Five Years Maximum

Bitcoin Rodney” pleaded guilty to operating an unlicensed money transmitting business in the $1.8 billion HyperFund fraud scheme, personally pocketing $7.85 million while promising fake daily returns to investors worldwide. Arrested at Miami airport with a one-way ticket to the UAE, Burton now faces sentencing on July 23 for conspiracy charges carrying a five-year maximum.

Trace Finance Raises $32M as Brazil's FX Rules Push Banks to Stablecoins — Stablecoins

Trace Finance Raises $32M as Brazil’s FX Rules Push Banks to Stablecoins

Trace Finance raised $32 million in Series A funding led by CoinFund to expand its stablecoin settlement infrastructure from Brazil into Latin America and Asia-Pacific. The round attracted major institutional backers including Coinbase Ventures, Paxos, and Chainlink Labs, alongside individual investors like Circle co-founder Sean Neville and Solana Labs co-founder Anatoly Yakovenko.