Across has proposed dissolving its ACX token and decentralized autonomous organization into a traditional US C-corporation, offering token holders a choice between 1:1 equity conversion or a USDC buyout. The proposal has triggered a significant market reaction, with ACX trading volume surging as the token moved sharply higher. This restructuring would represent a transition from a decentralized governance model to a traditional corporate structure.
Archives: Fast News
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Across token surges 80% on governance restructuring announcement
Across’s ACX token jumped 80% following the project’s announcement to disband its DAO structure and shift governance model. The gains significantly outpaced Bitcoin, which remained relatively flat during the period. The governance change marks a notable pivot for the cross-chain bridge protocol.
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As developers move to AI projects, crypto project code commits decline by 75%
Developer activity in crypto projects has fallen notably, with the number of active developers decreasing by 56%. In contrast, GitHub’s overall base has increased significantly, totaling over 180 million.
The only growth within the crypto segment is seen in wallet infrastructure, which reports a 6% increase in developers. Despite the downturn in other areas, experienced developers with over two years in the field are increasing.
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Crypto code commits fall 75% as developers shift to AI projects
Developers are moving away from blockchain ecosystems toward artificial intelligence infrastructure, with major networks including Ethereum and Solana experiencing significant drops in contributor activity. Code commits across crypto projects have declined 75%, reflecting a broader shift in developer focus as AI infrastructure becomes a priority. The trend indicates changing priorities within the developer community, though established blockchain networks continue operations with their existing contributor bases.
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New Zealand regulator classifies NZDD stablecoin as non-financial product
New Zealand’s financial regulator has determined that the NZDD stablecoin does not qualify as a financial product under local law. The ruling, supported by law firm MinterEllisonRuddWatts acting for the stablecoin’s issuer, marks a significant regulatory clarity point for the token. The classification is expected to streamline the stablecoin’s operational framework within the jurisdiction.
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Social media trends show focus on optimization and automation
Trending discussions on crypto social media are centered around optimization and automation processes. Data from Santiment shows the most discussed narratives include optimizing (score: 1316.8), automating (score: 1289.8), and processes (score: 1279.0). Other trending words include innovative (score: 996.1) and mentions of CPI (score: 381.9), suggesting ongoing conversation around economic data and its impact on the market.
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Morpho-v1 HYPERUSDCD pool offers 85.3% APY on Ethereum
The morpho-v1 HYPERUSDCD stablecoin pool on Ethereum is currently offering 85.3% APY with $18M total value locked. High yield rates like this typically indicate elevated risk, and users should carefully assess protocol safety and liquidity conditions before depositing.
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Patrick Witt from the White House states stablecoin yields will attract fresh capital to US banks
Patrick Witt claims that global demand for the US dollar, fueled by stablecoin yields, will infuse fresh capital into US banks. He contends that foreigners exchanging local currency for US stablecoins is crucial for increasing deposits.
The ongoing discussion among banks and the crypto community centers on whether stablecoin yields will draw deposits away from traditional banks. While some warn of potential declines, Witt insists that stablecoins can enhance deposit inflows.
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Gold bull market accelerates as institutions project $10,000 per ounce by 2029
Institutional investors are increasingly bullish on precious metals, with some forecasts projecting gold could reach $10,000 per ounce by 2029. This optimistic outlook reflects growing demand for traditional safe-haven assets amid macroeconomic uncertainty. Current market conditions and long-term monetary trends are supporting the case for higher precious metals prices.
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Goldman Sachs shifts Fed rate cut forecast to September and December 2026
Goldman Sachs updated its Federal Reserve rate cut expectations, now forecasting 25 basis point cuts in September and December 2026, compared to its previous projection of cuts in June and September. The shift reflects a more cautious outlook on when the Fed may begin easing monetary policy. Market participants are monitoring these expectations as timing changes in rate cuts can influence cryptocurrency volatility and broader asset allocation strategies.