Crypto projects spent a record $638 million on token buybacks so far in 2026, as more protocols are turning their revenue into buybacks to return more value to token holders. Decentralized exchange Hyperliquid and memecoin launchpad Pump.fun reportedly accounted for nearly 90% of the record $638 million in token buybacks carried out by cryptocurrency projects so far in 2026. Crypto projects spent a record $638 million to repurchase their own cryptocurrencies year-to-date, up from $545 million during the same period in 2025 and $366,000 in 2024, according to Allium Labs data cited by the Financial Times in a Monday report. Of the $638 million, Hyperliquid accounted for roughly $370 million and Pump.fun for nearly $200 million. Token buybacks are similar to share buybacks by publicly listed companies, which buy back their own stock to support their share prices and increase returns for existing shareholders. Read more
Bitcoin approached the August monthly close below key resistance with markets once again pricing in a Federal Reserve interest-rate hike in September. Bitcoin (BTC) heads into September still battling key resistance as markets flip hawkish on Federal Reserve policy. Key points: Read more
Blockaid said an attacker used an Ankr liquid staking token and E-mode to overborrow from More Markets and drain about $9.3 million in WFLOW from a lending reserve. Decentralized finance (DeFi) vault infrastructure protocol More Markets had a lending reserve drained of about $9.3 million in digital assets on Flow EVM, according to Web3 security platform Blockaid. The attacker drained about 15.5 million Wrapped Flow (WFLOW) tokens, valued by Blockaid at approximately $9.3 million, from the mFlowWFLOW lending reserve, according to blockchain data shared by Blockaid in a Monday X post. Blockaid said the attacker used Ankr Staked FLOW (ankrFLOW), a liquid staking token, alongside E-mode to overborrow from the reserve. Read more