Crypto News. August 12, 2025
Vare Crypto News is live ft Stripe, Wormhole, Coinbase, OKX, Gemini, MeckaAI, Morpho labs, QuickSwap
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DeFi
OKX has burned 278,999,999 OKB( +$26 billion) drawn from past buyback programs and company reserves, as part of a major overhaul of OKB tokenomics
Gemini launched a self custody crypto wallet with passkey based onboarding, eliminating the need for recovery phrases. They also unveiled the Gemini Onchain Dashboard, a web interface for trading tokens and exploring dapps.
Coinbase has completed its $2.9B cash-and-stock acquisition of Deribit, a global leader in crypto derivatives by open interest ($59B) and options volume ($1T)
Moonbird takeover pump
Wormhole integrated zk proofs into its multichain framework via Boundless’s verifier, pairing Ethereum consensus proofs with Wormhole’s NTT token standard and RISC Zero’s zkVM enabling trust minimized security layer for native token transfers across Ethereum, ETH L2s and Avalanche, Solana coming soon
Stripe plans to launch payment focused blockchain, Tempo in collaboration with Paradigm
MeckaAI raised $8M in a Seed round led by Neo, with backing from Tangent, Framework, Mechanism Capital to build a tokenomics powered AI robotics data layer for advanced humanoid development.
Morpho labs went live on Arbitrum
Quickswap went live on Base
