Odaily News - According to Odaily Meme Express monitoring, NEST is trending in Robinhood community discussions, with GMGN showing a current market cap of $5.24 million.One source indicated that NEST has the potential to replicate PONS's price trajectory, adding that developers are continuously providing updates within the community."Meme Express" selects potential trending assets based on community discussions using Odaily's proprietary AI model. Content is compiled from public information and does not constitute investment advice. Please exercise your own judgment and be aware of the high volatility risks associated with Meme coins.

Odaily News, according to GMGN data, the market cap of Nest, a Meme coin in the Robinhood ecosystem, briefly surpassed $5 million, with a 24-hour surge exceeding 990x, currently reported at $5.3 million.Nest is a multi-stock basket token Launchpad built on Pons V2 on the Robinhood Chain. Users can issue tokens and pre-configure an investment basket composed of multiple stock tokens; the Creator Fees generated from token trading will be continuously used to buy the corresponding stock tokens and deposited into the Nest Vault.Odaily reminds users that Meme coin prices are highly volatile, and investors should participate with caution.

Odaily News: Lido has published an article introducing its LDO automatic buyback mechanism, NEST, which further links protocol revenue to the value of LDO. When Lido's annualized staking revenue exceeds the $40 million benchmark, 50% of the excess will be allocated to NEST and used to automatically purchase LDO via CoW Swap.NEST initially sets a maximum daily buyback of $50,000, with a rolling 365-day repurchase cap of $10 million, calculated on a cumulative basis. When protocol revenue falls short and the cumulative balance turns negative, buybacks will automatically pause until subsequent revenue surpluses restore the balance.In the initial phase of the mechanism's launch, it will operate in Treasury mode, with LDO purchased through buybacks going directly into the DAO treasury without being burned. In the future, a DAO vote can switch the mechanism to LP mode, where half of the funds will be used to purchase LDO and the other half will be converted to wstETH, which will then be jointly injected into the Curve liquidity pool, with LP tokens still owned by the DAO.Lido's backtesting data shows that if this mechanism had been applied to the approximately $94.18 million in total reward revenue from 2024 to 2025, the cumulative buyback scale would have been approximately $7.09 million.

Odaily News: Ethereum staking protocol Lido DAO has published an article explaining the NEST (Network Economic Support Tokenomics) mechanism, which uses on-chain automation to link protocol revenue with LDO token value, enabling continuous LDO buybacks.NEST is a core component of Lido's "LDO Value Alignment" strategy, designed to allow LDO holders to more directly share in protocol growth revenue. The mechanism is backed by surplus funds from the DAO treasury. When Lido's staking business revenue exceeds a set benchmark, a portion of the excess revenue will be automatically swapped for LDO via CoW Swap.According to the initial parameters set by Lido DAO, the NEST revenue benchmark is set at an annualized $40 million (approximately $109,000 per day), with 50% of the excess amount used to buy back LDO. The daily buyback cap is $50,000, with a cumulative cap of $10 million over 365 days. Buybacks are executed daily through a permissionless on-chain process.In its initial phase, NEST will operate in "Treasury-only mode," with purchased LDO going directly into the DAO treasury. In the future, when market conditions are suitable, the DAO can switch to LP mode through an on-chain vote, allocating half of the funds to purchase LDO and converting the other half into wstETH to provide Curve liquidity.Lido stated that compared to alternatives such as manual periodic buybacks, direct token burns, or simple revenue-proportional distributions, NEST achieves a transparent, adjustable, and human-intervention-free buyback mechanism through smart contracts and on-chain governance.The mechanism includes multiple risk control measures, including daily fund caps, on-chain governance parameter adjustments, price oracle protections, and emergency pause mechanisms, to mitigate risks from market manipulation, oracle attacks, and protocol revenue volatility.Backtesting based on revenue data from 2024 to 2025 shows that the NEST model is expected to execute approximately $7.09 million in LDO buybacks, consistent with the target spending scale. Lido stated that the DAO can adjust relevant parameters through on-chain voting in the future based on changes in protocol economics.

Odaily News - RedotPay has postponed its US IPO plans, with the listing potentially delayed to next year or even later. RedotPay completed over $150 million in funding rounds in September and December last year, with investors including the venture capital arms of Coinbase and Circle.Previously, Binance-affiliated entities Nest Trading, Distributed Technologies, and Chaintecs Consulting Singapore filed a lawsuit in Hong Kong against RedotPay co-founders Gao Zhangpeng, Chan Wa Choi, and Yao Chao, accusing the three of breaching agreements by diverting more than 470,000 users from Binance Card to RedotPay. They claim losses of $472.8 million. (Bloomberg)

Odaily星球日报讯 Lido Finance 官方发布治理更新，Lido DAO 已正式开启 NEST 自动化回购机制的链上投票，投票主窗口为 8 月 5 日至 8 月 8 日 14:00 UTC。NEST 是一套自动化、基于规则的链上机制，将 Lido 协议表现与 LDO 代币直接关联，相关设计和参数已在 5 月通过 Snapshot 投票获得批准。NEST 的核心逻辑是通过协议收入或协议控制的流动性在去中心化市场上系统性回购 LDO 代币，从而在代币层面持续捕获协议价值增长。机制执行将围绕 LDO 与 wstETH 的流动性对展开，具体实施细节仍在社区论坛持续更新中。此次链上投票若获通过，Lido 将从依赖周期性治理驱动的回购方案转向持续、可预期的自动化价值分配模式。

Odaily Planet Daily News: Binance-affiliated entities Nest Trading, Distributed Technologies, and Chaintecs Consulting Singapore have filed a lawsuit in Hong Kong against the three co-founders of RedotPay — Gao Zhangpeng, Chan Wa Choi, and Yao Chao. The complaint alleges that the three individuals violated relevant agreements by diverting over 470,000 Binance Card users to RedotPay, with claimed damages amounting to $472.8 million.Binance stated that starting in March 2026, it became aware that RedotPay allowed Binance Pay funds to be used for RedotPay card top-ups without proper segregation. During this collaboration, RedotPay obtained approximately $304 million in user funds from Binance Pay. In response, RedotPay said it will actively defend against all allegations and that this dispute will not disrupt the company's normal operations.In addition, Binance-affiliated entity Chaintecs has also filed a lawsuit in Singapore against RedotPay-related parties, with a hearing scheduled for Friday. RedotPay had previously planned to pursue an IPO with a target valuation of approximately $4 billion. Company disclosure data shows current annualized payment volume of $14 billion, annualized revenue of $180 million, and a user base exceeding 8 million. (Bloomberg)

Odaily reports that Binance will launch Gold and Silver European options, settled in USDT, through Nest Exchange, which is regulated by ADGM. There has been strong demand for Binance's precious metals perpetual futures ahead of this product launch. The new contracts reference a benchmark derived from multiple third-party price sources. Retail investors can buy call and put options, but are not permitted to sell options, with their downside risk limited to the premium paid. Binance stated that the metal options are part of its plan to offer compliant, crypto-native exposure to traditional assets. Binance intends to expand its options product line and may allow retail investors to sell options on a limited basis under stricter regulations.

1. Musk: SpaceX AI will release Grok 4.5 to the public tomorrow;2. Dollar-won selling emerges in the USD/KRW forward market, linked to the SK Hynix ADR listing;3. Early CASHCAT buyer turns $86 into $390,000, netting a profit of approximately $390,000 in 20 days;4. Cardano ecosystem lending platform Levvy to cease operations at the end of July;5. Polymarket integrates Spark, supporting instant top-ups via the Bitcoin Lightning Network;6. Michael Saylor: If Bitcoin's long-term growth exceeds 3.3%, BTC capital gains could indefinitely fund STRC dividends;7. Santiment: Bitcoin and Ethereum exchange supply nears all-time lows;8. Hyperliquid Labs transfers 452,000 HYPE tokens, worth $32.32 million, reportedly for sale via Flowdesk;9. 0xSun: Has bottom-fished ANSEM and NEST, believes Solana remains the engine for on-chain activity this cycle;10. Trump: The US launched a powerful strike against Iran last night, following its firing of rockets at ships.

Odaily News Trader 0xSun stated that they have purchased ANSEM and NEST at market capitalizations of approximately $280 million and $6 million, respectively, to participate in the fluctuations of this on-chain cycle.They believe that the on-chain cycle, driven by blknoiz06, has been very active, with strong Meme coins emerging on Solana, BNB Chain, and Robinhood Chain. However, the overall rotation pace is extremely fast. Except for ANSEM, which has been rising for over a week, most other chain leaders peaked overnight.0xSun stated that ANSEM has retraced over 40% from its high. Given Ansem's continued commentary and the fact that approximately 60% of the supply has not yet circulated, the probability of a rebound is relatively high. NEST, on the other hand, is a higher-risk, higher-beta target, and its short-term performance remains primarily driven by market sentiment. They also believe that for small-capital investors, the crypto market is still a more suitable arena for turning small investments into larger gains.