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Crypto

Aptos Foundation to halve APT staking rewards, cap total supply at 2.1 billion

Aptos Foundation proposed cutting the annual APT staking reward rate to 2.6 percent from 5.19 percent, while raising gas fees by a factor of 10 and setting a total supply cap of 2.1 billion APT. It said it stakes 210 million APT, about 18 percent of current supply, permanently locked and not for sale or distribution, funding operations only from staking rewards. It also plans performance-linked ecosystem grants and may buy APT with cash and future revenue.

Crypto

PEPE, TRUMP also dropped as 2 Japanese exchanges stop trading 9 cryptocurrencies

Japanese cryptocurrency exchanges SBI VC Trade and Bitpoint will stop handling a total of nine cryptocurrencies. From October, they plan to phase out services starting with purchases and recurring buys, followed by selling and deposit and withdrawal services. SBI VC Trade will drop Aptos, Ethereum Classic and Oasis. Bitpoint will stop six tokens including BNB, PEPE and Official Trump. Any remaining assets will be sold and converted into yen for customers.

Crypto

Binance to delist seven spot trading pairs on Aug. 14, to phase out six tokens

Global cryptocurrency exchange Binance will halt trading in seven spot trading pairs, including APT/BTC and AR/BTC, on Aug. 14 local time. The move follows a regular review and targets pairs with low liquidity and trading volume, Binance said. Spot trading bot services for the affected pairs will also end. Later this month Binance plans to delist all spot pairs for six cryptocurrencies, fully ending spot trading in those tokens and setting deposit and withdrawal deadlines.