PANews reported on August 13th that U.S. stocks closed up 1.10% on Tuesday, with the Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite up 1.39%. Circle (CRCL.N) rose 1.3%, while Intel (INTC.O) gained 5.62%. Aerospace services and semiconductor sectors saw strong gains. The Nasdaq China Golden Dragon Index rose 1.49%, with Tencent Music (TME.N) up 11.85% and Niu Electric (NIU.O) up 11.69%.



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