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WalletConnect Token Lands on Solana With WCT Airdrop

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In brief

  • WalletConnect’s WCT token is launching on Solana.
  • The integration will be accompanied by an airdrop of 5 million WCT tokens to active Solana users.
  • Further chain integrations are “already in development,” WalletConnect told Decrypt.

WalletConnect Token (WCT) is launching on Solana, with 5 million WCT set to be airdropped to the blockchain’s active users.

The launch of WCT as a multichain token aims to open WalletConnect to new users and liquidity, and applications throughout the Solana ecosystem.

The WCT token powers staking and governance across WalletConnect’s network, and will be used for fees and rewards in the future. Current estimates suggest about 145,000 hold WCT—a figure that’s expected to rise given it’s now expanding to a blockchain with more than 100 million monthly active wallets.

In a statement shared with Decrypt, WalletConnect Foundation founder and director Pedro Gomes said the platform has made a concerted shift to becoming a “chain-agnostic protocol” in recent years, following its “very Ethereum-centric” beginnings.

“It makes sense that WCT, the native token, is also a multichain token,” Gomes added. “WalletConnect has been working closely with Solana teams over the past couple of months and I have been continuously impressed by the builders, the community and the energy of the Solana ecosystem.”

Wormhole Foundation’s CCO and co-founder Robinson Burkey said that WCT’s expansion “is a clear signal builders and users want fluid, secure movement of value across ecosystems.”

“A multichain journey”

Further chain integrations are “already in development” as WalletConnect builds out its roadmap—and as its native token becomes more widely available, new governance features and token-based incentives will be unveiled to give the community a greater role in its future.

This latest airdrop also comes hot on the heels of 50 million WCT being distributed to WalletConnect users last year.

Several prominent Solana apps already rely on WalletConnect’s infrastructure—including lending platform Save, perpetual futures exchange Drift, and DeFi protocol Kamino Finance.

Figures from the protocol suggest that, since launching in 2018, it has facilitated more than 278 million connections along with 45 million unique active wallets.

In a statement shared with Decrypt, WalletConnect said that its arrival on Solana “marks the beginning of a multichain journey” that will build on its track record of enabling “secure and seamless connections” between apps and wallets.

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Sui Token Starts to Recover After $223 Million Exploit on Its Biggest Decentralized Exchange

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In brief

  • SUI retraced a small portion of its losses, a few hours after rnews broke that more than $200 million had be stolen from decentralized exchange Cetus.
  • SUI’s price dipped to nearly $3.80 earlier Thursday.
  • Several other tokens linked to the Sui ecosystem were trading down on Thursday.

Sui’s native token started to recover after its price tumbled earlier on Thursday due to a more than $200 million exploit of the layer-1 blockchain’s largest decentralized exchange, Cetus. 

SUI was recently trading at $3.89, CoinGecko data shows. The token, which fell from $4.18 to $3.82 after news of the Cetus exploit erupted on Crypto Twitter, was down 3.7% over the past 24 hours. 

Malicious actors have siphoned $223 million worth of digital assets from Cetus’ liquidity pools, Sui said Thursday in a social media post. The wallet connected to the attack was recently holding about $37 million in cryptocurrencies, SuiVision records show.  

“The Cetus team is exploring paths to recover those funds and return them to the community, Sui said in the statement, adding Cetus has paused smart contracts to prevent further theft. “An incident report from Cetus is forthcoming.”



The exploit comes as the decentralized finance sector has struggled to weather an increasing number of multi-million-dollar cyber attacks over the past few years. A Chainanalysis report shows that stolen funds in the DeFi sector totaled $2.2 billion in 2024, a 21% increase from the year prior. 

More broadly, centralized trading platforms for digital assets have also suffered due to critical cyberattacks on their infrastructures. In February, crypto exchange ByBit sustained a $1.4 billion hack, marking the largest crypto heist ever by funds lost. 

Although Sui’s flagship token has largely recovered since the Cetus attack, other digital assets linked to its ecosystem are still struggling to retrace their losses. 

Lofi (LOFI), Sudeng (HIPPO), and Squirtle (SQUIRT) were recently trading down 15%, 6%, and 91% over the past 24 hours, according to CoinMarketCap data.

Edited by James Rubin

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Why Solana Mobile Is Launching a Token Alongside Its New Android Phone

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In brief

  • The Solana Seeker smartphone will begin shipping worldwide on August 4.
  • The second-gen Android phone comes with new features that build upon the foundation of the original Saga device.
  • Solana Mobile also introduced a new token, SKR, which will become the primary asset of its decentralized mobile ecosystem.

The second-generation Solana mobile phone, the Solana Seeker, will begin shipping worldwide on August 4, Solana Mobile announced on Wednesday—with plans for a native ecosystem token, SKR. 

The more affordable, Android-based Seeker phone will maintain the Solana Saga’s genesis token and hardware seed vault, while adding newer features such as SeekerID, the SeedVault Wallet, and an improved Solana Dapp Store. 

“We spent the last few years focused on building what we think is the best possible crypto mobile experience,” Solana Mobile GM Emmett Hollyer told Decrypt. “We focused on usability, we’ve focused on security, we’ve focused on giving developers distribution. What we’re doing with this is we’re extending what’s possible, we’re decentralizing it, and we’re growing it with additional devices from other original equipment manufacturers in the future.”

2/ The Solana Mobile platform is growing — opening the door to more devices & more manufacturers — all powered by a decentralized architecture and economy.

Mobile users everywhere deserve a seamless, secure web3 experience — and we’ll be making it easy for OEMs to come onboard.

— Seeker | Solana Mobile (@solanamobile) May 21, 2025

The future, decentralized Solana Mobile ecosystem will be rooted in SKR, the native ecosystem token that will live on Solana’s layer-1 blockchain. He said that the token is designed to anchor a “future of a decentralized mobile platform” around the crypto phones.

But why not just use the existing Solana (SOL) coin?

“We see an opportunity to coordinate growth and change, and we want to make sure that the decisions that are made there are aligned around something that is fundamental to the mobile ecosystem, something that’s purely aligned with that ecosystem and its outcomes,” Hollyer said, adding that it’s critical that SKR be “solely representative of the Solana Mobile platform—and that’s it.”

Specific details about the token launch and how it will be earned have not yet been shared, but the Solana Mobile website indicates that SKR will go “directly to builders and users for ecosystem participation.”

“The token itself is bigger than any one device,” said Hollyer, noting that both the Saga and Seeker and any future devices brought into the Solana Mobile ecosystem will be able to participate in the economy, incentives, and ownership of the platform. 

“We want to make sure that everybody who has joined the ecosystem so far comes along for the ride,” he said. 

Aside from the token, the Seeker’s new infrastructure architecture is set to differentiate the device and Solana Mobile from today’s leading mobile device companies, opening its ecosystem and expanding its platform to allow additional hardware manufacturers. 

“If you look at the existing mobile platform architectures, they are entirely closed. Whoever runs the platform, they manage everything,” said Hollyer. “Our goal is to build something that accomplishes a lot of the same critical outcomes that existing mobile platforms do well, things like trust, things like security… but we want to do that in a way that is decentralized.”



Therefore Solana Mobile introduced TEEPIN, a three-layer architecture model that allows ecosystem actors to participate in a secure and trustless way. 

“TEEPIN represents the next evolution in mobile—a framework where trust isn’t granted by a central authority but verified through cryptography,” said Anatoly Yakovenko, co-founder and CEO of Solana Labs, in a statement. “By leveraging secure hardware that already exists on modern smartphones and governing access on-chain, we’re unlocking open innovation, platform ownership, and a decentralized future for mobile.”

With TEEPIN and Solana Mobile’s future decentralized ecosystem, Hollyer said that means builders don’t need to worry about app store rules and fees—and they can be sure their users are real.

The Seeker, which has earned more than 150,000 pre-orders, is still available for pre-order at $500 plus tax, for a limited time according to the Solana Mobile website. It arrives at half the launch price of the original Saga, but with various updates and apparent improvements over the model released in 2023.

“Our emphasis is on making the best possible crypto experience,” said Hollyer. “We think mobile is the way to do it, and we don’t think anybody’s cracked that code yet.”

Edited by Andrew Hayward

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AI is crypto's redemption, and the next generation's big bet
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New CoinMarketCap AI tool explains token trends and price predictions

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CoinMarketCap has unveiled a new tool that uses LLMs to answer top questions on each token tracked on the site.

More and more crypto firms are finding new ways to integrate AI. On Tuesday, May 20, CoinMarketCap launched an AI tool that gives users expanded information about all tokens listed on the platform. The AI agents use CoinMarketCap data to explain price movements, offer price predictions, track social sentiment, provide news, and deliver general information about a given token.

CMC AI is now live on all Coin Detail Pages.

Get instant answers about price movements, token fundamentals, and sentiment with a single click.

No more navigating multiple sources to understand what’s happening with your assets. pic.twitter.com/78K6q9l2eC

— CoinMarketCap (@CoinMarketCap) May 20, 2025

“In this first phase of CMC AI, we’re focusing on delivering insights where users need them most—directly on token pages,” said David Salamon, Chief Product Officer at CoinMarketCap. “Our AI is purpose-built for crypto, trained on our extensive market data, and designed to surface insights when users need clarity about specific cryptocurrencies.”

Salamon clarified that the goal is to enable users to get all the information they need on just one site. This helps users find the info they need more easily, without having to gather data from multiple sources.

How CoinMarketCap’s AI works

In a press release shared with crypto.news, CoinMarketCap explained how the new model functions. The tool interfaces with a large language model, such as OpenAI’s o3 reasoning model, providing it with a prompt that includes the latest price data.

Once the results are generated, all users who click on one of the questions will see the same output. The responses are not generated in real time but are updated periodically. For major tokens, the AI updates answers every 30 minutes. For smaller tokens, updates are triggered if the price moves more than 2% within one hour.

This model enables users to get instant answers without waiting for AI models to generate responses in real time. It also helps reduce API call costs for CoinMarketCap. Still, it’s important to note that LLMs do not always provide accurate responses and can be prone to hallucinations.





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Bitcoin Could Surpass $108,000 ATH This Month. Best Meme Coins like BTC Bull Token Next to Surge?
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Bitcoin Could Surpass $108,000 ATH This Month. Best Meme Coins like BTC Bull Token Next to Surge?

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Who wants Bitcoin to hit a new all-time high? One of the new best meme coins does – and so does Arizona. But does Bitcoin itself?

The world’s leading crypto continues to waffle about, jumping at times to within range of the ATH, then falling back down.

The past 24 hours have been a case in point:

In the early morning hours, $BTC briefly traded near $107K, before falling back and eventually trading down nearly 2% from where it started.

Why?

Keeping Bitcoin down is general market uncertainty, stock market turmoil, and a crypto regulatory environment that only changes slowly in favor of $BTC.

On the plus side is the money – particularly from financial institutions with deep pockets. Here’s the current level of inflows into $BTC ETFs:

These are the eleven biggest Bitcoin spot ETFs, looking green across the board.

And despite the uncertainty, there are still positive signs on the regulatory front also. Let’s see, what else?

Arizona Puts Spare Digital Change Into Bitcoin Piggy Bank

Unclaimed digital assets are becoming a surprising problem. In an era when more and more people use digital currencies, some of those assets sit untouched in various exchanges and accounts.

Think of them as digital spare change and loose coins, falling down between the cracks of your electronic couch cushions. And Arizona’s coming around with the vacuum to hoover it all up.

It’s a surprisingly forward-thinking proposal from the US state, which has officially created the second state-level Bitcoin reserve. To fund that reserve, Arizona will include digital assets that go unclaimed for more than five years.

And if you shudder at the word ‘include,’ thinking it sounds a lot like ‘take,’ there’s actually a pleasant surprise in the legislation. Arizona plans to use a public ledger – the blockchain itself – to track all the funds included in the reserve.

If the original owners come forward to claim them, every penny should be accounted for.

In the meantime, Arizona will be able to leverage the funds for passive yield like staking rewards, potentially returning 10% of the reserve’s profit each year back into the state’s general fund.

If owners don’t come forward within three years of the assets being included in the fund, the assets can be liquidated entirely.

If successful, the plan could blaze a trail for state-level management of digital assets with full transparency. It could even set a precedent for the US digital reserve, or for more controversial measures like CBDCs (ouch).

And in the meantime, it adds more fuel to Bitcoin’s fire – and could push the crypto to at or near the all-time high.

It also sets the stage for a Bitcoin meme coin that’s blazing its own path to glory.

BTC Bull Token ($BTCBULL) – New Meme Coin Doubles Down on Bitcoin’s Rise

BTC Bull Token ($BTCBULL) doesn’t think $BTC will hit a new all-time high.

$BTCBULL thinks Bitcoin will utterly smash the new all-time high on its way to $250K – and beyond.

For that reason, the developers of one of the best meme coins tied $BTCBULL and $BTC together using an innovative combination of airdrops and token burns.

At key $BTC price milestones – namely $125K, $175K, and $225K – $BTCBULL tokens will be burned, exerting deflationary pressure on the token price.

At $150K and $200K, investors holding $BTCBULL in their Best Wallet app accounts will receive free $BTC airdrops. The more $BTCBULL they hold, the more $BTC they receive.

And when Bitcoin hits $250K, a massive $BTCBULL airdrop awAdded ‘token’ to BTC Bull name
Four ways to earn, not three (added staking APY)aits.

BTC Bull Token is a meme coin that rides the wave of Bitcoin’s success, but it also has a unique utility; Bitcoin believers can leverage $BTCBULL to earn even more from their crypto. With $BTCBULL, there are four ways to earn:

  • $BTCBULL price increase
  • $BTCBULL airdrop
  • $BTC airdrops
  • Staking APY (69% at the moment)

For a price – currently $0.00252 – that’s a mere fraction of Bitcoin’s, BTC Bull Token holders gain more ways to profit from Bitcoin’s rise.

Time to put that spare change to work. Learn how to buy BTC Bull Token, and see why our price prediction says $BTCBULL could reach $0.006467 by the end of the year, a full 156% increase.

Arizona Joins the Bulls to Run with Bitcoin

Arizona’s decision to establish a state reserve isn’t just an innovative public use of blockchain tech.

It’s actually an endorsement of a bullish attitude towards Bitcoin and crypto in general.

Always do your own research before investing – but don’t overlook Bitcoin and BTC Bull Token as they gain momentum.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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