PANews reported on August 18th that Nasdaq-listed Empery Digital announced it had secured a $25 million credit line for share repurchases and plans to increase it by an additional $75 million, bringing the total line to $100 million. Furthermore, the company has adjusted its repurchase agreement, reducing the fee to 1%. As of August 18th, the company had added 25.2 bitcoins, bringing its total holdings to 4,051.9, representing a cumulative investment of approximately $476 million at an average purchase price of $117,554 per bitcoin.



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