Acala plans to destroy approximately 160,000 ACA on December 26

12/25 01:28

Wechat scan to share

On December 25th, Acala, a DeFi protocol in the Polkadot ecosystem, announced that it plans to burn 159,441 ACA on December 26th. Acala stated that the burning of ACA is part of Acala 2.0, and the specific amount burned each time is determined by factors such as unused released tokens, network fees, and governance voting.

Comments

All Comments

Recommended for you

CointimeSG · 04/12 08:13

Nexus 2140: Exploring the Convergence of AI, Web3 & ECOM for Future Opportunities

The highly anticipated Nexus 2140: AI · Web3 · ECOM Global Expo will take place on June 21-22, 2025, at the KINTEX Convention Center in Goyang, South Korea.
Irina Heaver，Cryptoslate · 04/12 04:03

Survey reveals 1 in 5 Americans own crypto, with 76% reporting personal benefits

About 39% of holders use it to make purchases, while 31% use crypto to send money to family or friends.
Decrypt · 04/12 02:22

Spanish Police End Crypto Scam Ring That Used AI to Swipe $21 Million From Investors

Hundreds of people were collectively conned out of $21 million in a crypto investment scam driven by AI impersonations, police said.
Cryptopolitan · 04/12 01:56

US Senate draft bill targets AI and crypto data centers with emissions fees

The US Senate proposes a bill to charge emissions fees on data centers supporting AI and crypto.
Bankless · 04/11 23:38

Bankless：Can Bitcoin Thrive Onchain?

while BTC holds immense value, relatively little of it is actively utilized on-chain to provide yield opportunities.
Frank · 04/11 23:30

On Bitcoin Privacy: More Deputy Attorney General, Less New York Attorney General

This week, Deputy Attorney General Todd Blanche called for an end to targeting crypto mixers, while New York Attorney General Letitia James called for a further crackdown on them.
CointimeSG · 04/11 09:02

Ethereum crashed in Q1. Could May’s Pectra upgrade bring it back?

The price of ETH has sunk since the start of the year. Traders hope a new and improved network will fuel a bullish trend.
CointimeSG · 04/11 05:03

Contrarian Take: How Stablecoins' Disruption of Money Creation Stands in its way to Mass Adoption

While there are a lot of people bullposting the prospect of stablecoin adoption, it may not be in the best interests of the US to promote stablecoins, because it can disrupt the USD money creation.
Decrypt · 04/11 03:28

Ross Ulbricht to Speak at Bitcoin Conference in First Public Appearance Since Trump Pardon

Silk Road founder Ross Ulbricht will give a speech in Las Vegas next month in his first public appearance since he was pardoned.
James Pethokoukis · 04/11 02:12

SBF Ends Up in 'Victimville', One of the Most Violent Prisons in California

The fallen founder of the FTX exchange has been incarcerated at the brutal Victorville medium security facility in Victorville, California.