PANews reported on August 18th that according to CoinShares' latest weekly report, digital asset investment products saw net inflows of $3.75 billion last week, pushing total assets under management to a record high of $244 billion. Ethereum saw $2.87 billion in weekly inflows, accounting for 77% of total inflows, bringing its year-to-date inflows to $11 billion, far exceeding Bitcoin's. Bitcoin saw inflows of $552 million during the same period. Solana and XRP saw inflows of $177 million and $126 million, respectively, while Litecoin and TON saw net outflows of $400,000 and $1 million, respectively. The United States was the largest region for inflows, accounting for 99%.



Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle. Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more