The purchase will be done over a two-year period, developers told CoinDesk.

The move aims to enable victims to “partially recover” assets lost in one of the biggest exploits of 2023.

The tokens have logged over $1.7 billion in volumes on the regulated exchange in the past 24 hours, the most among counterparts.

Memecoin futures took on nearly $90 million in liquidations as prices corrected after a massive rally in the past week.

Bitcoin-based collections traded more volume than Ethereum collections in the past 24 hours, which shows network adoption as bitcoin prices inch cl

The surge comes ahead of the anticipated halving event and rising inflows on bitcoin ETFs.

Futures products tied to PEPE saw unusually large liquidations since Friday, suggesting short covering.

Pepe (PEPE), the frog-themed meme token on Ethereum, was up as much as 100% to set record highs.

As reported last week, the burn removes 2% of the tokens from the circulating supply.

WLD is considered a proxy bet on OpenAI, the Sam Altman-owned artificial intelligence company.