Neynar is looking to hand off the Farcaster social protocol, its Clanker token-launch platform and its developer tools, less than seven months after acquiring them from Merkle Manufactory.

Co-founder Rish Mukherji said the search is on for a new team to run all three. It follows a steep revenue slide: Farcaster's gross protocol revenue fell from $35.43 million in the first quarter of 2026 to roughly $377,000 between July 1 and August 17, as the token-launch frenzy that drove Clanker's fees cooled off.

The Haun-backed Neynar took over in January, when Farcaster's founders moved to return the full $180 million they had raised from backers like a16z Crypto and Paradigm. Now one of crypto's best-known decentralized social projects is up for grabs again.

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Compound, one of the oldest DeFi lending protocols, has overhauled its leadership and approved a record $52 million budget as it pivots to serving institutional clients.

The plan centers on real-world assets, partner integrations and credit infrastructure built to meet TradFi compliance and technical standards. It comes as Compound tries to revive growth after its total value locked slid to $1.2 billion from a $12 billion peak in 2021, leaving it far behind Aave's $14.8 billion. Compound says it has processed about $480 billion in volume since 2018.

The new bench pulls executives from Near, Maple Finance, Coinbase Custody, Anchorage and HSBC, part of a broader DeFi shift toward institutions as the sector leans on tokenized real-world assets for its next leg of growth.

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The U.S. Treasury has released the first major proposal to implement the GENIUS Act, setting federal definitions for who counts as a US stablecoin issuer and which rules they must follow.

The proposal treats payment stablecoins as a new category rather than securities, arguing that forcing traditional investment rules onto them could undermine their use for payments and cross-border settlement. Treasury Secretary Scott Bessent framed it as delivering regulatory certainty and keeping the US the crypto capital of the world. The public has 60 days to comment before a final rule.

The industry will watch closely how the rules handle foreign issuers such as Tether. The law's one-year implementation deadline already lapsed last month, and its effective date is set for January 18, with banking and markets regulators still to add their own rules.

It was a quiet, risk-off week. Bitcoin ETFs reversed the previous week's $850M+ inflows with roughly $390M in net outflows, while Ethereum ETFs were essentially flat, posting a marginal ~$2M outflow that ended their five-week inflow streak.

Corporate treasury activity was also muted. Strategy remained inactive on the Bitcoin front, focusing on cash management and share buybacks. 

Notable treasury activity:

- H100 recorded the week's largest Bitcoin increase through an acquisition.

- Strive, Capital B, and OranjeBTC made smaller Bitcoin purchases.

- BitMine continued accumulating Ethereum, extending its long-running buying strategy.

Crypto trader and influencer Ansem has launched ansem io and its first onchain index, z500, built around his vision for a tokenized creator economy.

Under z500, crypto teams can airdrop part of their token supply to ANSEM holders and buy & burn ANSEM to climb the leaderboard, creating a mechanism for projects to compete for attention while directly rewarding the token’s community.

Ansem argues that the model addresses the lack of curation on launchpads such as Pump fun, where thousands of tokens launch but few maintain sustained attention. Instead of paying KOLs directly, projects can distribute value to an existing network of token holders.

The broader ANSEM thesis is to merge memecoin speculation with the creator economy, turning social influence and attention into an onchain financial primitive. It reframes attention as something that can be priced, traded, and routed through token incentives.

Ansem envisions ANSEM as a leading force in a $2T tokenized creator economy, where tokens become the primary mechanism for growth, coordination, and value distribution for creators and brands.

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Printr, which raised $4.5M across two funding rounds, is winding down operations due to insufficient capital and market backing.

The platform will cease all operations by August 31, 2026, with no Token Generation Event or airdrop planned.

Starting August 18, all staked positions and staking fees will be automatically unstaked/claimed and returned to the depositing wallets. The staking feature will then be paused.

Printr said its application will go offline after August 31, and no new tokens will be launched through the platform.

The team cited the lack of capital and distribution support required by current market conditions as the main reasons behind the shutdown.

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Harmony plans to roll back its blockchain to a point before last week’s exploit after discovering that attackers forged more than 3 trillion ONE tokens.

Validators will roll back Shard 0 and Shard 1 to just before the confirmed fraudulent mint, discarding all blocks and transactions after that point.

Harmony said it considered alternatives including token burns, blacklisting wallets and a ONE migration, but concluded that a fixed rollback was the “fairest and most secure” option.

The exploit stemmed from a cross-shard receipt verification flaw that allowed valid receipts to be processed multiple times, enabling attackers to mint ONE without a corresponding debit.

Nearly 2.4T forged ONE, worth almost $3B at pre-attack prices, was moved within two minutes.

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Binance is reportedly preparing to return to the UK by applying for authorization under the country’s new crypto regulatory regime.

The FCA’s application window opens September 30, 2026, with the new framework taking effect on October 25, 2027. Firms will need to meet stricter governance, compliance and operational requirements, with Binance expected to establish a UK board.

The move comes after the FCA restricted Binance’s UK entity in 2021 and Binance stopped onboarding new UK users in 2023.

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Austria's financial regulator, the FMA, has fined crypto broker Bitpanda 70,000 euros, about $81,000, in what is the country's first published penalty decision under the EU's MiCA framework.

The FMA said Bitpanda published a crypto-asset white paper without submitting it to the regulator at least 20 working days in advance, as MiCA requires, and ran marketing for the asset before the paper was out and without the mandatory disclosures and contact details. The ruling is final, and Bitpanda remains authorized in Austria.

The sum is tiny, but the case matters as an early example of how EU regulators intend to enforce MiCA in practice, signaling that even licensed, established players will be held to the rulebook's disclosure and timing requirements.

Michael Saylor's Strategy sold about $334 million of its own MSTR shares last week but did not buy or sell any bitcoin, a rare pause for the largest corporate holder of BTC.

The company sold roughly 3.46 million shares between Aug 10 and 16. It used the cash for STRC preferred dividends, a $132 million buyback of STRC shares and a $149 million top-up that pushed its USD reserve to about $4.8 billion. Its bitcoin stack was left untouched.

The growing dollar reserve lets Strategy service dividends and interest on its preferred shares without selling any bitcoin, leaning on equity issuance rather than its BTC as a funding source.