13h ago
ZachXBT alleges LAB insiders control 95%+ of supply as token hits $6B FDV
Onchain investigator ZachXBT published an investigation alleging LAB, an AI trading terminal project, is dominated by insiders controlling more than 95% of its token supply. He said LAB pumped over 350% in under 72 hours to a $6 billion fully diluted valuation before dropping more than 65% within hours, alongside claims of multiple retail value-extraction paths. The report also cites large LAB movements tied to Bitget accounts and includes a $10,000 bounty seeking documents tied to market-making activity.
BTC
BTC-2.26%
13h ago
15h ago
Multicoin Capital Seen Reducing AAVE Stake After 55% Drop and $40M+ Paper Loss
Multicoin Capital appears to be trimming an AAVE position built via Galaxy Digital's OTC desk, after AAVE fell about 55% from its average entry. The firm received 338,005 AAVE between October 13 and November 25, 2025, implying roughly $73.7 million of exposure at about $218 per token. With AAVE trading near $97, the position is valued around $32.8 million, leaving it more than $40 million underwater.
AAVE
AAVE-6.39%
15h ago
18h ago
Strategy's STRC Preferred Stock Sets $1.53B Volume High as It Closes at $100 Par
Strategy said its STRC variable-rate perpetual preferred stock posted a record $1.53 billion in trading volume on May 14, finishing exactly at its $100 par value with only $0.02 of intraday movement. The company previously said STRC launched in late July 2025 and has expanded to $8.5 billion in under nine months. River data also links STRC proceeds to about 77,000 BTC of Strategy purchases in 2026 and notes the firm holds 818,869 bitcoin.
BTC
BTC-2.26%
18h ago
2d ago
JPMorgan files for JLTXX, a second Ethereum-based tokenized Treasury fund
JPMorgan Asset Management has filed with the U.S. SEC to launch JLTXX, a second tokenized money market fund on Ethereum run through its Kinexys Digital Assets unit. The filing follows the debut of its first tokenized fund, MONY, in December 2025, and describes a portfolio fully invested in short-term U.S. Treasuries and fully collateralized overnight repos. JLTXX still needs SEC approval and is expected to initially target institutional buyers rather than retail investors.
ETH
ETH-1.78%
2d ago