Solana Virtual Machine SOON Foundation X account published a post for the first time, possibly hinting at the upcoming TGE
According to official news, Solana Virtual Machine (SVM) Rollup SOON announced that the SOON Foundation has been officially established, aiming to promote the development of the SOON ecosystem based on Solana Virtual Machine (SVM) and implement the "Super Adoption Stack (SAS)" vision. The Foundation focuses on ecological acceleration, transparent governance, security management and strategic cooperation, and plans to hold global hackathons, launch enterprise-level toolkits and conduct research in conjunction with multiple universities.
Is MetaMask About to Launch Its Own Token? The Mystery Deepens
A smirk, an evasive answer. During a recent episode of The Block’s Crypto Beat podcast, Dan Finlay, co-founder of MetaMask, reignited speculation about a hypothetical native token for the Ethereum wallet. “Maybe,” he said, hinting at a possibility long simmering behind the scenes. While the idea of a homegrown crypto has stirred the community since 2021, Finlay’s statements reveal as much enthusiasm as caution. Between gradual decentralization, shifting regulations, and fears of fraud, MetaMask navigates a landscape where every step counts.
Since 2021, the word “MASK” has hovered like a shadow over the Ethereum ecosystem. Back then, Erik Marks, an engineer at MetaMask, already spoke of community ownership of the wallet through a token. A vision reinforced by Joseph Lubin, CEO of Consensys (MetaMask’s parent company), who tweeted in 2021: “Wen $MASK?”.
This wink, far from trivial, was part of a broader strategy: the “progressive decentralization” of Consensys’s products.
In 2022, Lubin outlined the contours of the project. The crypto was to be accompanied by a DAO, not to govern, but to fund community initiatives, like the structure envisaged around MetaMask .
A bold but cautious approach: no question of creating a simple speculative vehicle. Anti-airdrop farming mechanisms were planned, and the model carefully avoided any resemblance to a traditional fundraising. “This isn’t a money grab,” Lubin stressed.
Yet, the project still appears in limbo. Why? Regulation, of course. Dan Finlay reminds us that “securities law remains securities law,” referring to the positions of Gary Gensler, former SEC chairman.
Despite regulatory easing under the Trump administration—which offers protection for more types of cryptocurrencies—MetaMask prefers to move cautiously. Because in this game, a wrong note could cost its 30 million monthly users dearly.
“Speculation is almost the worst,” asserts Finlay. Behind this phrase lies a harsh reality: every rumor about a MASK crypto becomes a boon for scammers. Phishing, fake links, scams… The co-founder insists: if a launch happens, the information will be directly in the wallet, no SMS or emails. A vital precaution, as MetaMask is a magnet for fraudsters.
This caution also extends to competition. Facing rivals like Rainbow or Rabby, who focus on user experience, MetaMask must innovate without losing its soul.
“We are in a permissionless space,” reminds Finlay. Translation: the wallet war is won through simplicity and security, not empty promises. Recent UX updates—management of multiple wallets, fee reductions via MetaMask Bridges—aim to maintain its leading position.
Regulatory questions remain, a true Damocles’ sword. While the current environment seems more lenient, Finlay points out many projects still operate in “gray areas.” A MASK crypto must therefore embody a delicate balance: innovative enough to attract, solid enough to withstand legal shocks. “I hope people will seize this opportunity to push boundaries,” he adds, without specifying which ones.
Between the lines of his “maybe,” Dan Finlay sketches a future where MetaMask is not only a tool but an autonomous ecosystem. A bold bet, as expectations are high and obstacles numerous. That is why the BIS issues a warning , hoping to slow down—even if only a little—the speculation raging in the sector.
Bitcoin: Whales Scoop Up 83,000 BTC in One Month as Supply Dries Up
As the days go by, an obvious fact takes shape: bitcoin is becoming a scarce commodity. The liquid supply is melting like snow in the sun. This scarcity, for some, is no longer trivial. Analysts now fear excessive concentration. Fewer BTC on the markets also means less access for small holders. Is the network balance turning into silent centralization?
The bitcoin news : the latest Glassnode report is clear. Illiquid bitcoin now reaches 14 million BTC. This is an all-time record. In one month, 180,000 bitcoins have left the markets for inactive wallets. These wallets hardly trade anything. They hold, they accumulate, they lock supply.
This trend signals a profound shift in bitcoin perception. It is no longer just a trading asset. It becomes a reserve, a fortress of waiting. According to Glassnode, a wallet is illiquid when its spend ratio is below 0.25. That means it stores more than it spends. In other words: it HODLs.
This rise in illiquidity could signal a supply shock. Fewer available bitcoins could increase upward price pressure. But it also creates an ecosystem where buying becomes difficult. Bitcoin no longer circulates; it buries itself. Is this still healthy?
This phenomenon is not random. The whales are back, hungrier than ever. According to Santiment, holders of 10 to 10,000 BTC acquired 83,105 BTC in one month. A continuous, methodical accumulation. They take advantage of dips to strengthen their positions.
At the same time, small holders are offloading. Out of fear. Lack of vision. The asymmetry deepens. On one side, institutions and ETF funds locking supply. On the other, retail panicking and selling. This imbalance changes the market structure.
Bitcoin whales and sharks (holding between 10 and 10,000 BTC) have accumulated 83,105 additional BTC over the last 30 days. Meanwhile, smaller holders (less than 0.1 BTC) have sold 387 BTC over the same period.
Another player to watch: miners. Historically sellers, they are now holding their BTC. This reduces circulating supply and strengthens the latent shock brewing. The more bitcoin becomes inaccessible, the more it is sanctified. The game changes. The market is no longer fluid. It contracts around pockets of power.
The numbers support this upheaval:
Faced with this situation, some cry out for programmed scarcity. Others see a soft manipulation. The recently launched spot ETFs play a decisive role. They capture supply and lock it in digital vaults. This removes even more volume from the market.
A bitcoin placed in an ETF is no longer traded. It is frozen, kept like a digital gold bar. Coin Bureau warns :
Exchange reserves are at their lowest in 6 years. A supply shock is coming.
This is not a temporary hype. It is a progressive overhaul of the crypto landscape. A new era, more closed, less fluid, but perhaps more strategic.
Today, while some observe price consolidation, fear is setting in. The $100,000 threshold could break, say some traders. Technical signals are explicit : beware of a break below this symbolic level.