MARVIN launches token repurchase and destruction plan, with target circulation reduced to 100 million tokens

[OKX Announces the Launch of EDGEUSD UM (X-Perp) and LDOUSD UM (X-Perp)] OKX has announced the addition of EDGEUSD UM (X-Perp) and LDOUSD UM (X-Perp) to multiple services, including various trading services, officially launching on 2026-08-21 at 15:00 (UTC+8). Notes: - EDGEUSD UM (X-Perp) will be available for trading starting at 15:00 (UTC+8) on August 21, 2026. - LDOUSD UM (X-Perp) will be available for trading starting at 15:15 (UTC+8) on August 21, 2026. - X-Perp is a leveraged trading product. Users are advised to fully understand the associated risks and manage their positions responsibly.

MARVIN officially announced a token repurchase plan, planning to repurchase and destroy 40% of the total circulating tokens. Currently, 300 million MARVIN tokens worth $600000 have been destroyed, with a final target circulation of 100 million tokens.

According to Cryptopolitan, attackers have released three malicious versions of Rust code packages through supply chain attacks, with the arrayref library being used by approximately three-quarters of Rust development environments. Malicious updates contain a backdoor that can steal login information when users compile projects. Wiz researchers pointed out that the command and control path of the arrayref attack overlaps with the Mastra operation used by North Korean hacker groups Sapphire Sleet and UNC1069, with IP addresses sharing the same security certificate and using the same hosting provider Hostwins.

According to Binance's real-time data, traders set 10 major targets first and opened a 5-fold leverage short position of 83.866 BTC at a price of $7455327, with a floating profit of approximately 9927 USDT.

The Hungarian Parliament has passed Act XXXVIII of 2026, which abolishes verification requirements related to cryptocurrency conversion services and removes penalties of up to 5 years in prison for unauthorized trading of high-value cryptocurrencies and up to 8 years in prison for providing cryptocurrency exchange services in violation of verification obligations, in alignment with the EU MiCA framework. The bill was voted on July 31 and implemented on August 7. （Bitcoin.com News）