OKB skyrocketed after OKX unveiled a 65 million token burn, a fixed 21 million supply and major upgrades to its Polygon-powered X Layer network. OKB, the native token of crypto exchange OKX, gained almost 160% on Wednesday after the platform revealed an overhaul to its blockchain ecosystem and tokenomics, including a major burn. The rally, which briefly pushed OKB (OKB) prices as high as $135 from a daily low of $45, came as OKX confirmed it will conduct a one-time burn of 65,256,712.097 OKB from historical repurchases and treasury reserves. After the burn, the total OKB supply will be fixed at 21 million. OKX also revealed that it will upgrade its zero-knowledge Ethereum Virtual Machine (zkEVM)-based public chain, X Layer, “to build it into a leading public chain with a dedicated focus on DeFi, payments, and real-world asset (RWA) applications.” Read more
National oil carrier via pipelines and tanker railcars Conpet Ploiesti (COTE.RO) ended H1/2025 with RON271.3 million turnover, up around 2% from the year-earlier period, while net profit shrank by 12% to RON22.6 million.
Car parts producer Compa posted RON5.4 million losses at a consolidated level in the first half of 2025, from RON2 million in H1/2024.
Explore the history of attempts to change Bitcoin’s 21-million hard cap and why it has proven to be hard to create an alternative to the apex asset. A hard cap is the maximum supply of a cryptocurrency that can ever exist. It’s hardcoded into the blockchain’s code and sets a strict limit on how many tokens or coins can be created. This limit promotes scarcity, which can help boost the value of each token over time. Take Bitcoin (BTC), for example. Its creator, Satoshi Nakamoto, set a hard cap of 21 million coins. No matter how much demand there is or how many miners try to produce new Bitcoin, the supply will never exceed 21 million. Read more
Agroland Business System, which owns the largest network of agricultural stores in Romania, has acquired a 21-ha land plot located close to Mihailesti poultry platform for EUR785,000 to build new poultry farms.