Crypto projects have spent a record $638 million buying back their own tokens this year, and nearly 90% of it came from just two of them. Hyperliquid (HYPE) and Pump.fun (PUMP) have both more than doubled since January. The four other projects running repurchase programs range from a 20% gain to a 39% loss. Crypto

Bitcoin (BTC) and gold have both given back much of last week’s gains. The two assets had climbed in step through August as investors piled into the debasement trade. However, Federal Reserve Chairman Kevin Warsh’s Jackson Hole speech on Friday broke that run. Debasement Trade Powered the August Rally The rally in both assets began

The largest Ethereum accumulator has ramped up its efforts.

Shenzhen Longsys Electronics, a Chinese semiconductor company, is seeking up to HK$6.28 billion, or about $800 million, from a Hong Kong share sale. The company set out the terms in a listing document on Monday. The memory chipmaker already trades in Shenzhen. Its Hong Kong offer price sits well below where the mainland stock trades.

MicroStrategy has resumed Bitcoin accumulation after a 10-week hiatus, purchasing 4,603 BTC for approximately $369.7 million at an average price of $80,318 per coin. The move marks the company’s first major Bitcoin acquisition since late June and follows weeks of speculation sparked by Executive Chairman Michael Saylor’s “We’re ₿ack” post on X…