LunarCrush's latest report highlights the top 10 derivatives projects in the crypto market based on social activity, with Hyperliquid ($HYPE) leading by a significant margin. Aster ($ASTER) follows closely, while Jupiter ($JUP) and Avantis ($AVNT) show strong interaction numbers despite lower engagement. Projects like MYX Finance ($MYX) and FTX Token ($FTT) also maintain decent social presence, while Gains Network ($GNS) and Aevo ($AEVO) demonstrate varied interaction rates, with WOO ($WOO) and Synthetix ($SNX) trailing behind.

Techub News reported that Genius Group, an AI company listed in the US (NYSE: GNS), announced that its board has approved a distribution plan that covers all future legal wins. The net proceeds will be evenly distributed to shareholders and used to purchase Bitcoin for its Bitcoin treasury, with 50% of the recovered net losses allocated for Bitcoin purchases. Genius Group CEO Roger Hamilton stated, "The company is facing two legal lawsuits, one of which has been filed, and the other is pending. The total compensation we are seeking exceeds $1 billion. Since the purpose of the company filing these lawsuits is to recover losses directly caused to our shareholders by third parties, the board believes that all proceeds from winning these cases should be directly distributed 100% to shareholders or reinvested."

The cryptocurrency market has experienced turbulence, and many protocols have adopted token buybacks as a measure to stabilize stablecoin prices. However, Messari analysts and community perspectives indicate that buybacks are merely an auxiliary means and not a long-term solution. Buybacks are not a panacea: Messari analyzes two major risks Messari analyst Monk tweeted yesterday that programmatic Token buybacks do not effectively prevent coin price declines, and may instead lead to capital misallocation. He listed two major issues: "High-price buybacks during bull markets lead to cash depletion" and "During bear markets, the lack of funds results in a loss of innovative flexibility":. RAY, GMX, GNS and SNX have

Messari analyst DeFi MONK found that token buybacks could not stop the price from falling. He pointed out that RAY, GMX, GNS, and SNX buyback tokens, but the present value is much lower than the buyback price. Buybacks are not about price, but about revenue and narrative. When the income is good, the project party may not be able to buy back, and when the income is bad, it may lack investment. Buybacks are considered poor capital allocation and should prioritize growth or distribution of real value to holders.

The article points out that some encryption projects such as RAY, GMX, GNS, and SNX have repurchased millions of dollars worth of tokens programmatically, but the value of the tokens has significantly fallen. Researcher MONK believes there are fallacies in this repurchase, including being unrelated to price movement and depleting cash reserves. It is suggested that projects should prudently repurchase tokens, focusing on rise or allocating actual value to holders.

Gains Network (GNS) is a decentralized trading platform that enables leveraged trading of financial assets such as cryptocurrencies and forex. Built on the Polygon (Matic) blockchain, the platform aims to create a decentralized finance ecosystem for the future.

A lot will happen in August, but for the sake of brevity, I will only talk about the events and analysis and corresponding opportunities that are rated as S in my heart. This content will mention: -Basechain -SHIB Layer2 -GNS -Frax v3、RWA、frxETH v2 -SEI&CYBER、LTC、GMX、EVMOS、SSV、SPARTA、LOOT、APE Basechain The launch of Basechain was unexpected. However, due to the conclusion I drew in the previous Pauly incident—the risk of the earth dog is getting bigger and bigger, I did not actively participate in the earth dog on Basechain, and I once envied the earth dog players who got rich. But in the end I wasn't involved. My expectation for Basechain is still $OP $VELO, and...