What is Cypher (CYPR)?

Cypher is a Web3 banking platform where users can manage 500+ tokens across 18+ EVM and Cosmos chains and make payments using virtual and physical Cypher Cards. It supports payments at over 40 million online and offline merchants with non-custodial wallets. Operating as a non-custodial crypto card product for over three years, Cypher introduces the CYPR protocol to create a rewarding ecosystem. Running on Base Chain, this protocol connects consumer behavior to on-chain governance with a transparent, community-driven reward system. The $CYPR token, with a fixed 1 billion supply, is used for governance and rewards.

Purpose of Cypher (CYPR)

Cypher addresses the opacity, centralized control, and limited redemption value of traditional reward systems. By linking consumer behavior to protocol mechanics, it rewards users through spending and governance. Merchants compete for user attention with better services and strategic incentives, creating a dynamic marketplace. $CYPR tokens are used for spending rewards, governance, and additional incentives, fostering a flywheel between brands, influencers, AI agents, and crypto card users. Long-term sustainability is ensured through a fixed supply, decaying emissions, and the low-cost Base Chain.

How Does Cypher (CYPR) Work?

Cypher operates through spending-based rewards, a referral system, and governance:

Flywheel Economic Model:

1. Spending → Earn $CYPR: Users earn $CYPR tokens by spending within the Cypher ecosystem.
2. $CYPR → Lock → Vote → Direct Emissions → Additional Rewards: Locking $CYPR (veCYPR) grants voting power to direct merchant emissions and earn extra rewards.
3. Merchants → Add Bribes → Incentivize Voting: Merchants offer bribes (USDC, ETH, etc.) to attract votes; only voters receive bribe shares.
4. DeFi Protocols → Provide Liquidity → Enhance $CYPR Utility: As $CYPR demand grows, DeFi liquidity providers deepen markets, supporting staking and yield farming.

Epoch Structure:

• Duration: 2-week cycles balance voting and reward distribution.
• Voting Period: veCYPR holders determine merchant reward allocations; votes are locked until the epoch ends.
• Distribution: Spending and referral rewards are distributed based on votes and spending.

Vote-Escrow (veCYPR):

• Maximum 2-year lock; voting power proportional to lock duration.
• Lifetime Lock: Constant voting power, cancelable (converts to 2-year decaying lock).
• Voting Power: (Locked Amount / Max Lock Duration) × Lock Duration; decays linearly.

Spending Rewards:

• Base Rewards: All users earn rewards proportional to spending; Premium users receive higher multipliers.
• Boosted Rewards: Merchants with more votes receive larger reward pools, distributed by user spending.

Referral Rewards:

• New users are rewarded on their first qualifying spend; rewards split between referrer and referee.
• Enhanced referral rewards go to voters whose referees spend at supported merchants.

Bribe Mechanism:

• Merchants offer bribes to attract votes; only veCYPR holders receive shares.
• Transparent, offered in various tokens (USDC, ETH); distributed by voting power.

Technical Infrastructure:

• Base Chain enables low-cost, scalable transactions.
• Chaos Labs Edge (primary) and Pyth Network (secondary) oracles; transitioning to pull model in April 2025.
• MrSablier open-source Rust Keepers manage liquidations and automated orders.

Cypher (CYPR) Use Cases

Cypher is used for:

• Crypto Spending: Payments at 40M+ merchants with Cypher Card.
• Governance: $CYPR for directing emissions and DAO voting.
• Rewards: Earn $CYPR through spending and referrals.
• Business Solutions: Team expense management and accounting integration with Gnosis Safe or Ledger.

Usage Steps:

1. Obtain a Cypher Card and load it with 500+ tokens.
2. Connect a wallet for online/offline payments.
3. Stake/lock $CYPR for governance participation.
4. Invite new users via referrals to earn rewards.

Advantages of Cypher (CYPR)

• Transparency: Open reward system, no centralized control.
• User Control: veCYPR enables governance and reward direction.
• Economic Returns: 100% revenue sharing, spending, and bribe rewards.
• Sustainability: Fixed supply, decaying emissions.
• Accessibility: 18+ chains, 500+ tokens, 40M+ merchants.
• Business Solutions: Web3-compatible tools for team expenses.

Risks of Cypher (CYPR)

• Centralization: Team controls vesting tokens initially.
• Market Volatility: $CYPR demand may be speculative.
• Regulation: Crypto cards and reward systems carry regulatory risks.

Cypher (CYPR) Tokenomics

Total Supply: 1,000,000,000 $CYPR (fixed, non-inflationary).

Distribution:

• Protocol Spend/Referral Incentive: 35% (20-year emission)
• Treasury: 25%
• Past Investors: 15.41% (12-month lock, 3-year linear vesting)
• Team: 10% (12-month lock, 3-year linear vesting)
• Airdrop: 8.5% (genesis distribution to existing users)
• Community Incentives: 5%
• Advisors: 1.09%

Cypher (CYPR) Backers

Cypher is supported by prominent backers, including Picus Capital, Prasanna Sankar, Balaji Srinivasan, Tribe, and Orange DAO.

Official Links

• Website
• X (Twitter)
• Whitepaper

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Mainnet Launch and TGE Completion

One of the most important turning points for the project took place today. Syndicate successfully rolled out its mainnet alongside the completion of its Token Generation Event (TGE). This marks a crucial step in the protocol’s development, signaling its readiness to operate at scale.

Market Valuation and FDV Impact

At the time of writing, SYND is trading at $1.86. With a total supply of 1 billion tokens, the protocol’s fully diluted valuation (FDV) currently stands at $1.86 billion. This valuation highlights growing investor confidence and the market’s belief in Syndicate’s long-term potential.

Strong Foundation and Funding Support

Syndicate is not an entirely new name in the crypto ecosystem. Initially launched as a decentralized investment platform, the project gained early traction and secured a significant milestone in 2021 by raising $20 million in a Series A round led by a16z. This backing not only strengthened its credibility but also provided the resources needed to expand its vision.

Listing on AerodromeFi

Another factor boosting momentum is Syndicate’s debut on AerodromeFi, built on the Base network. The launch of the SYND/WETH pool has already begun driving liquidity flows, while emissions are incentivizing participation. By adopting a community-first approach, Syndicate has set the stage for active engagement and broader token accessibility.

SYND Price Outlook

Since its debut, SYND has shown remarkable price action. Currently ranked #121 by market cap, the token trades at around $2.10, reflecting a 49.9% increase in the past 24 hours. This surge underscores strong market demand and suggests that investor enthusiasm is likely to remain high in the short term.

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What is Mog Coin?

Mog Coin (MOG), launched in July 2023, is a meme token operating as an ERC-20 token on the Ethereum blockchain. Defining itself as “the internet’s first culture coin,” Mog Coin is derived from the term “AMOG” (alpha male of the group) and is represented by the “joycat,” a cheerful cat image. Unlike other meme tokens, Mog Coin’s internet meme universe is vast, with numerous memes showcased on the project’s website. Though it began as a playful alternative altcoin, Mog Coin stands out with its community-driven approach and viral content creation.

Initially a joke, Mog Coin distinguishes itself with the “mog” culture’s philosophy. In internet slang, “mog” means to “outdo” or “dominate” someone or something. This philosophy promotes a winning mindset, encouraging personal growth, discipline, courage, and patience. Mog Coin spreads this positive message, motivating users to become their best selves. This approach has led to adoption by prominent tech figures like Elon Musk and Garry Tan.

Mog Coin’s Key Features

Mog Coin sets itself apart in the meme token category with innovative features. Here are the project’s core characteristics:

1. Cross-Chain Interoperability

Project operates as an ERC-20 token on Ethereum but is also compatible with the Bitcoin network. Through Multibit, MOG can bridge between Bitcoin and Ethereum, and it is also available on Solana, Base, and BNB Chain. This multi-chain approach offers faster transactions and lower fees while maintaining Ethereum’s security. Cross-chain interoperability is a rare feature among meme tokens.

2. Community-Driven and Decentralized Ecosystem

Project is fully decentralized and community-focused. Community members can use MOG tokens to purchase services and products within the ecosystem or perform peer-to-peer transfers without intermediaries. The project encourages community creativity, focusing on viral content creation, setting it apart from meme tokens relying on static mascots.

3. Participatory Meme Creation

Mog Coin pioneered a “participatory and composable memetic” approach, a first in the meme token sector. Tools like mog.me and the AI-powered @mogpfp bot enable the community to create engaging Mog content. The @mogpfp bot has been used by figures like Elon Musk, Reid Hoffman, and Garry Tan, contributing to the project’s viral growth. These tools encourage continuous meme creation, keeping the project dynamic.

4. Deflationary Design

Project is designed with a deflationary approach. With an initial total supply of 420,690,000,000,000 $MOG, 30,122,473,566,783.2942 tokens have been burned, reducing the circulating supply to 390,567,526,433,216.71 tokens. The token burn mechanism aims to reduce supply and increase value over the long term.

5. DeFi Integrations

Mog Coin has deep integrations with DeFi protocols like Morpho, Aerodrome, Uniswap, and Wasabi. The community has generated over $40 million in total value locked (TVL) and billions in trading volume across these protocols. $MOG holders have earned millions in emissions and airdrops through these ecosystem activities.

How Mog Coin Works

Project operates on the Ethereum blockchain as an ERC-20 token, facilitating peer-to-peer transactions via smart contracts. Its smart contract resides on Ethereum. Additionally, it extends to Solana, BNB Chain, and Base, enabling cross-chain interoperability. The Multibit bridge allows MOG to integrate with the Bitcoin network (BRC-20).

Project’s deflationary structure is supported by a token burn mechanism, reducing the circulating supply to enhance potential value growth. The community expands the ecosystem through viral content creation and DeFi integrations.

Mog Coin Tokenomics (CoinMarketCap Data)

$MOG is the native token of the Mog Coin ecosystem. Tokenomics details are as follows:

• Total Supply: 420,690,000,000,000 $MOG

• Circulating Supply: 390,567,526,433,216.71 $MOG

• Burned Tokens: 30,122,473,566,783.2942 $MOG

• Market Cap: $326.92 million USD

• Fully Diluted Value (FDV): $352.14 million USD

• 24-Hour Trading Volume: $14.13 million USD (4.32% of market cap)

Token Utility

$MOG is used in the ecosystem as follows:

• Payments: For purchasing services and products within the community.

• Peer-to-Peer Transfers: Secure, intermediary-free transactions.

• DeFi Integrations: Liquidity pools, staking, and yield farming.

• Viral Content Creation: Supporting content creation via tools like mog.me and @mogpfp.

Mog Coin’s Future and Roadmap

In the short term, Mog Coin aims to expand its ecosystem through strategic partnerships and community-driven initiatives. Increasing integrations with major DeFi platforms by 2026, with plans to launch its own blockchain in 2027, could improve scalability and transaction speeds. Longer term, Mog Coin aims to become a leading DeFi and NFT platform in the meme token industry.

Mog Coin Founders

Mog Coin emerged as a collective idea among a group of friends. Emphasizing decentralization, the project does not tie itself to a specific founder or team. Initiated by an anonymous community, Mog Coin stands out with its community-driven structure.

Official Links

• Website
• X (Twitter)
• Whitepaper

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What is Sapien?

Sapien is a decentralized data protocol that transforms collective human knowledge into enterprise-grade AI training data. Powered by the $SAPIEN token, this open protocol enables anyone to contribute to AI development, prove the quality of their contributions, and earn rewards based on their performance.

At its core, Sapien features a financial architecture designed to ensure data quality at scale. This system eliminates reliance on centralized quality control teams by leveraging economic accountability, peer-to-peer validation, and transparent reputation mechanisms to reshape data production.

Sapien is not just a platform but also a solution that meets the need for reliable and traceable data in AI training. With over 1.8 million contributors and more than 185 million completed tasks, Sapien is utilized across various sectors, including autonomous vehicles, robotics, medical AI, education, and global development projects with institutions like the United Nations.

Challenges and Opportunities Addressed by Sapien

Challenge: Quality and Scalability Issues in AI Training

The AI industry is experiencing growth projected to exceed $1.8 trillion by 2030. However, a critical obstacle stands in the way of this expansion: sourcing the high-quality human knowledge needed to train increasingly complex AI models. Current systems face three main bottlenecks:

• Quality Verification: There is no reliable method to validate expert contributions at scale, and standards vary across providers.
• Expert Coordination: Credential verification processes are inefficient, and there is no standardized way to match experts with tasks.
• Economic Alignment: Traditional systems lose 60% of their value to intermediaries, resulting in weak incentives for quality contributions.

Opportunity: Monetizing Human Expertise Globally

These challenges create a significant opportunity as AI companies need expert knowledge more than ever, yet experts lack a standardized way to monetize their expertise. Sapien addresses these bottlenecks, providing companies with access to verified expertise at scale while creating new earning opportunities for millions of contributors. The protocol eliminates intermediaries through a decentralized system, reducing costs and enhancing data quality.

The Sapien Protocol: Revolutionizing Quality Assurance

Sapien answers a fundamental question in AI training: “Where did this data come from, and how can we trust its quality?” The protocol ensures quality and participation through four integrated systems:

1. Staking Contributors lock $SAPIEN tokens before starting tasks. This stake serves as collateral tied to quality. If the task passes peer validation, the contributor earns rewards. However, low-quality work may result in partial or complete stake slashing. The stake amount and duration determine access to higher-value tasks and reward multipliers.
2. Validation Completed tasks are reviewed by contributors with higher reputation scores. Accurate validators are rewarded, while those approving low-quality work face penalties. This peer-to-peer system eliminates the need for centralized quality control teams, providing scalable quality assurance.
3. Reputation Each contributor builds a performance record based on accuracy, task volume, and feedback. This reputation score determines access to more complex tasks, eligibility for validator roles, and reward multipliers. Progression is entirely tied to on-chain performance.
4. Incentives Contributors are rewarded with $SAPIEN tokens based on task complexity, performance, and staking duration. High performance unlocks greater rewards and access, while poor performance leads to slashing and restrictions.

These systems combine to create Proof of Quality, a trust signal derived from contributor behavior, peer validation, and economic alignment.

Gamified Contributor Experience

Sapien offers a tiered experience system where contributors progress based on performance, consistency, and reputation. This structure ensures network growth without compromising quality, allowing new users to advance toward high-value tasks.

Experience Levels:

• Trainee (Reputation: 0–199): Entry-level contributors focus on foundational skills and are reviewed by higher-ranked peers. No stake is required, but a 90% quality threshold is mandatory. Task volume is capped at 100.
• Contributor (Reputation: 200–599): Handles routine tasks and basic validation roles. Requires a minimum 250 $SAPIEN stake and 95% quality.
• Expert (Reputation: 600–799): Proven contributors with high accuracy and throughput. Eligible for premium tasks with a 5,000 $SAPIEN stake and 98% quality.
• Master (Reputation: 800–1000): The highest tier, validating complex tasks and potentially participating in protocol governance. Requires a 25,000 $SAPIEN stake and 99% accuracy.

This structure encourages learning for new users while enabling experienced contributors to enforce standards.

Proof of Quality: A Protocol-Level Solution for Trusted Data

Proof of Quality (PoQ) is the core mechanism of the Sapien protocol, replacing centralized oversight with staking, slashing, and transparent reputation to ensure quality at scale.

• Staking: Contributors lock $SAPIEN tokens as a performance guarantee. High-quality work earns rewards, while low-quality work risks stake slashing.
• Peer Validation: Tasks are reviewed by higher-reputation contributors, with critical tasks requiring multiple validators.
• Slashing and Enforcement: Low-quality or malicious behavior triggers stake slashing, with penalties varying for minor, moderate, or severe violations.
• Reward Mechanics: Rewards are based on task value, performance ranking, and staking configuration, with higher stakes and longer lockups increasing multipliers.

Governance and Risk Mitigation

Sapien is designed to operate without centralized control. Governance will transition to $SAPIEN token holders as the protocol matures, covering treasury allocation, parameter adjustments, and task approvals. All decisions are executed transparently via on-chain voting.

To ensure trust and resilience, Sapien commits to regular security audits, community metrics dashboards, and transparent treasury reports.

Sapien (SAPIEN) Tokenomics

• Seasonal Airdrops: 13.00%
• Liquidity Incentives: 7.00%
• Staking Incentives: 5.00%
• Supporters/Investors: 26.82%
• Team & Advisors: 20.18%
• Contributor Rewards: 15.00%
• Community Treasury: 13.00%

Sapien Investors and Backers

Sapien is supported by prominent investors including Variant, Yield Guild Games (YGG), Animoca Brands, Primitive Ventures, HF0, Ravikant Capital, Gabby Dizon, and Kevin Jiang. With $19.2 million raised, led by General Catalyst and Variant, Sapien has garnered strong institutional confidence, solidifying its leadership in AI and decentralized data.

Sapien Team and Ecosystem

Sapien is led by experts in decentralized infrastructure and AI:

• Rowan Stone (CEO): Co-creator of Coinbase’s Base (L2), former COO of Totle, and founder of Horizen Labs.
• Trevor Koverko (CSO): Founder of Polymath, Polymesh, and Tokens.com.
• Kelly Ryan (CTO): Experienced in smart contracts and gamification, previously with FastAF.
• Henry Chen (COO): Growth leader from Haller.ai, focused on high-growth strategies.

Official Links

• Website
• X (Twitter)
• Whitepaper

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The Rising Role of Ethereum and Coinbase

Bernstein notes that Ethereum’s native token ETH has surged 80% since June 5. This growth has been fueled by Circle’s (CRCL) listing and the market’s increasing recognition that the majority of stablecoins are minted on the Ethereum network.

Coinbase operates Base, one of the largest Layer 2 chains built on Ethereum. Processing over 9 million transactions daily, Base supports stablecoin transfers, trading, financial applications, and consumer-oriented services.

Base and ETH Revenue Potential

Although Base does not have its own native token, transaction fees are paid in ETH. This positions Coinbase to earn an estimated $75 million in annual revenue. Furthermore, Base has become a leading chain for token deployments. By integrating all Base tokens into its main exchange platform, Coinbase has significantly boosted trading activity, increasing ETH-denominated commission revenues.

Strengthening Its Position in the Ethereum Ecosystem

With the launch of the Base App, Coinbase now offers users a wallet to buy, sell, store, and transfer crypto — including stablecoin payments — more easily. Additionally, the company holds an Ethereum treasury of 136,782 ETH, valued at around $590 million.

According to Coinbase’s Q2 earnings report, trading fees in July rose by approximately 40% compared to the quarterly average, driven by increased ETH trading volume. This surge highlights both the broader excitement around Ethereum and Coinbase’s direct potential to benefit from the ecosystem’s growth.

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Record Price and Whale Support

On August 11, ZORA hit $0.139, pushing its market cap above $436 million. This price represents an increase of about 1,600% compared to its lowest level in July.

The main driver behind this surge is the interest from large investors known as “whales.” According to Nansen data, since August 4, the amount of ZORA held in whale wallets has increased by 16.4%, rising from $29 million to $33.9 million. This is generally interpreted by market participants as a bullish signal, encouraging smaller investors to buy as well.

Role in the Base Ecosystem

ZORA is at the center of the “creator coin” model in the Base ecosystem. In the Base app, each social post triggers ZORA’s smart contracts to mint a unique ERC-20 token related to that content. These tokens can be traded instantly, and content creators receive a share of both the supply and the transaction fees.

Since the app’s relaunch, more than 2 million creator coins have been minted, around 3 million traders have joined the ecosystem, and a total of $512 million in trading volume has been generated. This active usage provides a strong growth story supporting ZORA’s value.

This content does not constitute investment advice. Markets carry high risks, and it is important to conduct your own research before making any investment decisions.

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Significant Progress in Crypto Offerings

A status chart shared by River on August 8 tracks these banking giants’ positions in custody and trading services. The snapshot reveals many firms moving from “not yet” into “exploring,” “announced,” or offering restricted access for high-net-worth clients. This trend signals that digital assets are steadily integrating into mainstream wealth management and capital markets.

Concrete Moves by Leading Banks

Tangible actions since early 2024 illustrate this transformation. For example, Morgan Stanley is considering allowing its 15,000 brokers to recommend spot Bitcoin ETFs to clients, while working on suitability guardrails and allocation limits—indicating an expansion beyond unsolicited orders.

More recently, Charles Schwab’s CEO announced plans to enable customers to trade both Bitcoin and Ethereum, aiming to provide a unified platform where all holdings can be viewed and managed.

On the banking side, PNC went further by partnering with Coinbase so that wealth and asset management clients can trade crypto directly through their PNC accounts instead of a separate platform.

Advances in Custody and Tokenization

State Street announced plans to launch stablecoins and tokenize deposits to improve settlement efficiency, with subsequent initiatives expected to tokenize bonds and money market shares.

BNY Mellon frequently appears in filings and product developments, including roles as administrator and cash custodian in ETF documents. The bank has also recently served as custodian for reserves linked to Ripple’s RLUSD stablecoin.

Next-Generation Financial Services and Pilot Projects

Citi has explored Solana for next-gen financial services and tokenization pilots, and reportedly considered custody services in early 2025.

JPMorgan launched several crypto-related projects in 2025. In June, it initiated a pilot for a tokenized deposit token issued on Base, aiming to enable instant dollar transfers.

The bank’s CEO, Jamie Dimon, revealed plans to test stablecoin services alongside the tokenized deposit pilot, though he has not retracted his previous criticisms of crypto.

Last week, JPMorgan enabled its customers to make direct crypto purchases via Coinbase without leaving their dashboard.

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Additionally, Binance will apply the “Seed Tag” to the TOWNS token — a label typically used to mark early-stage projects and warn users about potential volatility.

Users can begin depositing TOWNS tokens starting August 4, 2025, at 11:00 (UTC). This listing marks an exciting development for both the project’s community and altcoin investors.

Click here to register on Binance with a 20% trading fee discount!

What Is Towns Protocol?

Towns Protocol is an open-source protocol designed to enable decentralized communication. Built to support real-time messaging apps, this protocol offers a modern and scalable infrastructure that meets the dynamic needs of today’s digital communities.

The protocol is composed of three core components:

• An EVM-compatible Layer-2 chain

• Decentralized, off-chain stream nodes that handle data transmission

• Smart contracts deployed on Base, an Ethereum Layer-2 network

This architecture allows users to create customizable and permissionless communication environments known as “Spaces.” These Spaces come with several innovative features:

• Users can own these Spaces

• Includes on-chain subscriptions through a system called “Memberships”

• Features a reputation system that can be extended and modified

• All communications are protected with end-to-end encryption

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What is Velvet Capital (VELVET)?

Founded by a team with extensive experience in the crypto world since 2016, Velvet Capital is a platform equipped with innovative technologies, offering a user-friendly interface that provides comprehensive solutions for both individual and institutional investors.

The VELVET token serves as the cornerstone of this ecosystem, used for platform governance, transaction fee discounts, and staking rewards.

What Problems Does Velvet Capital Solve?

The decentralized finance (DeFi) ecosystem, despite its opportunities, faces several challenges. Velvet Capital addresses these issues with innovative solutions:

DeFi Complexity and Fragmentation

Navigating different protocols, interfaces, and blockchain networks in the DeFi world is both time-consuming and complex. Users often have to manage multiple wallets and platforms to handle their portfolios. Velvet Capital eliminates this complexity by consolidating all operations into a single platform.

Lack of Professional Tools

Traditional DeFi platforms typically offer basic swapping functionalities and lack the advanced tools professional investors require. Velvet bridges this gap by providing MEV protection, smart routing, and institutional-grade analytics tools.

Information Overload and Insufficient Analysis

DeFi users are bombarded with vast amounts of data, including price feeds, social media sentiment, and on-chain analytics. Processing this data meaningfully is challenging. Velvet’s AI-powered system analyzes this data to deliver actionable insights to users.

Inefficient Capital Management

Current DeFi solutions struggle to optimize capital allocation across multiple protocols. Velvet enables users to seize yield opportunities, easily rebalance portfolios, and automate complex strategies.

The Story Behind Velvet Capital

Velvet Capital was founded by a team active in the crypto space since 2016. The team’s diverse expertise spans developing digital investment platforms in traditional finance, managing Web3 incubators, and contributing to the Ethereum Foundation. This experience led to the creation of Velvet Capital to address the complexity of DeFi portfolio management. The platform adopts a DeFAI (AI-powered DeFi) approach, making sophisticated strategies accessible to both individual users and institutions. Additionally, through Velvet DAO, it offers a community-driven governance model with a vision of progressive decentralization.

Key Features of Velvet Capital

Velvet Capital stands out in the DeFi world with its innovative features. Here are the platform’s key features:

1. Smart and Intent-Based Trade Execution

Velvet’s intent-based transaction architecture intelligently routes trades across on-chain sources (AMMs, DEXes) and OTC-like platforms to ensure optimal execution. This system provides users with best price guarantees and MEV protection, delivering an institutional-grade trading experience.

2. Velvet Unicorn: AI-Powered Assistant

Velvet Unicorn is the platform’s AI layer, drawing significant attention. This multi-agent system operates with specialized AI models, each assigned specific roles (CEO, Researcher, Analyst, Trader). Users can ask questions in natural language (e.g., “Which tokens are trending on Base?”) to receive insights on market trends, social sentiment analysis, and technical analysis. Moreover, Velvet Unicorn can automatically execute trades or strategies based on user instructions.

3. Seamless DeFi Yield Optimization

Velvet integrates with over 30 DeFi protocols, enabling users to access yield opportunities with a single click. Actions like trading, token approval, and staking are consolidated into a single transaction, allowing users to optimize their portfolios effortlessly.

4. Non-Custodial Portfolio Management

Velvet’s portfolio vaults operate through smart contracts, ensuring users maintain full control over their assets. Portfolio managers can implement strategies without holding user funds, while users can withdraw their assets by burning LP tokens at any time. Additionally, multi-signature (multi-sig) support caters to institutional needs.

5. Multi-Chain Infrastructure

Velvet operates on popular blockchain networks such as Base, Solana, Ethereum, BNB Chain, and Bitlayer. In the future, it will offer omni-chain strategies, allowing managers to execute trades across multiple ecosystems simultaneously.

Use Cases of Velvet Capital

Velvet Capital caters to a wide range of users with its versatile applications:

Professional Trading and Research

Crypto traders can use Velvet’s trading terminal to discover trending tokens, analyze high-volume pairs, and gain real-time insights through the AI assistant. Trading via natural language commands offers significant convenience for both experienced and novice traders.

Community Portfolio Management

Investment DAOs, influencers, and trading groups can leverage Velvet’s vault creation tools to build transparent performance records. Community members can join strategies at the same prices as managers, protected from front-running risks.

Institutional DeFi Solutions

Hedge funds and asset managers can use Velvet’s white-label infrastructure to launch DeFi products under their own brands. This eliminates costly and time-consuming development processes, enabling rapid market entry.

Automated Strategy Execution

Advanced users can utilize Velvet’s API layer to create custom trading algorithms and automate complex strategies. The AI framework can autonomously manage portfolios based on market conditions and predefined parameters.

The Future of Velvet Unicorn

Velvet Unicorn is at the core of the platform’s AI-driven vision, progressing through a three-phase roadmap:

Phase 1: On-Chain Research

This phase is complete, with Velvet Unicorn capable of discovering alpha and making price predictions using on-chain data.

Phase 2: Intent-Based Execution

Velvet Unicorn executes automated trades and DeFi actions based on user instructions.

Phase 3: Autonomous Trading and Portfolio Management

In the future, Velvet Unicorn will offer fully automated strategies, including trend token scanning, portfolio creation, volatility-based rebalancing, and treasury management.

VELVET Token and Tokenomics

The VELVET token is a utility token that supports the platform’s operations and governance. The token distribution is as follows:

• 20% Team and Advisors (1-year lockup, 3-year linear vesting)

• 18.3% Foundation Treasury (DAO-managed for development and security)

• 17.5% Ecosystem and Community (grants for developers and projects)

• 14.9% Early Investors (Binance Labs, Selini Capital, etc.)

• 7% Exchange Listing and Marketing

• 5% Growth Fund (for referral programs)

• 5% Liquidity Provision (for DEX and CEX)

• 5% Airdrop and Staking Rewards

VELVET Vesting Schedule

Security and Audits

Velvet Capital places great emphasis on security. All smart contracts have been audited seven times by leading firms such as Peckshield, Softstack, and Resonance Security. Additionally, real-time threat monitoring is provided through Forta and Open Zeppelin Defender 2.0. Tenderly integration offers instant alerts for on-chain events.

VELVET Investors

Velvet Capital is backed by prominent investors, including YZi Labs (formerly Binance Labs), SkyVision Capital, Blockchain Founders Fund, Rarestone Capital, Arbitrum Foundation, and Cointelegraph.

Velvet Capital Founding Team

• Vasily Nikonov: Founder and CEO

• Ankit Raj: CTO

• Michael Hage: VP of Business Development

• Brendan Nestor: Head of Growth

Official Links

• Velvet Capital (VELVET) Website
• Velvet Capital (VELVET) X (Twitter)
• Velvet Capital (VELVET) Whitepaper

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JPMorgan Deploys JPMD on Base Network

In a strategic development, JPMorgan has launched a pilot for its new deposit token, JPMD, on Coinbase’s Layer 2 blockchain, Base. The token represents U.S. dollar deposits held in bank accounts, making it a digital representation of real-world funds within the traditional banking infrastructure.

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According to Naveen Mallela from JPMorgan’s blockchain division, a fixed amount of JPMD will be transferred to Coinbase in the coming days, with the transaction settled in USD. After regulatory clearance, other fiat currencies may be supported. Once the pilot concludes, Coinbase’s institutional clients will be able to use JPMD for transactions.

Why Deposit Tokens Could Outshine Stablecoins

Unlike stablecoins, which are backed by reserves but operate outside the banking system, deposit tokens are fully integrated with traditional finance. Mallela argues that deposit tokens like JPMD are more scalable and may even offer interest payments in the future—something most stablecoins lack.

This positions JPMD as a potentially superior instrument for institutional investors. Meanwhile, industry experts warn that the rise of yield-generating stablecoins could disrupt traditional banks—a trend that’s already making major financial players uneasy.

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