Crypto News. July 23, 2025
Vare Crypto News is live ft Letsbonk, Pumpfun, Theoriq, Cysic, Celestia, Ondo, 21shares, Mira Network
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DeFi
Celestia is buying back 43.45M TIA from Polychain for $62.5M. The tokens will be redistributed to new investors with a rolling unlock from Aug 16 to Nov 14.
Binance is integrating Circle’s USYC, a yield bearing, BUIDL like tokenized money market fund, as off-exchange collateral for institutional derivatives trading. It’ll also be natively issued on BNB Chain.
LetsBONK will now use 1% of its revenue for weekly buybacks of top tokens in the BONK ecosystem. With $1.5M in daily fees, that’s ~$15K in added buying pressure. LetsBONK now leads new token launches with 64% market share, up from 5% last month, while rival Pump dropped to 24% in sand timeframe.
21shares filed for Ondo ETF
Zk infra Computer network, Cysic is launching their Phase III: Ignition. This marks a shift from building infrastructure (Phases 1 & Il) to letting users actually participate and earn (CYS and CGT) by contributing compute power (GPUs, ASICs).
DeFi agent infra protocol, Theoriq is launching their Yapper incentive campaign (July 23- August 6). 1M incentive to awards top 1000 Kaito yappers. Their token THQ will debut on Kaito launchpad on July 25
MARA is raising $850M through zero coupon convertible notes due 2032, with an option to upsell $150M more. Around $800M will go toward buying more Bitcoin and general use, while $50M will repay older notes
Burwick Law and Wolf Popper have expanded their lawsuit against Pump fun, now going after Solana Foundation, Solana Labs, Jito, and key Solana figures. The updated complaint includes RICO charges, accusing them of working together in misconduct linked to pump.
Rumors are swirling about Mira Network’s TGE as the team keeps teasing it. Mira is a decentralized AI infra layer that verifies AI outputs through a consensus of independent nodes—reducing hallucinations and bias. Its main products are the Klok App, a multi-LLM chat interface users earn Mira Points rewards, and the Node Delegator Program, where users can earn by contributing GPU power via partners like AethirCloud and io[.]net.
