US Treasury Secretary Bessent defended the Treasury buyback program in a letter to Senator Elizabeth Warren, stating it is not unprecedented and has been implemented since May 2024. Bessent disputed Warren's criticism of Treasury policies, arguing her understanding of the Treasury market lacks foundation and that she previously supported spending policies while blaming the Federal Reserve for economic consequences.
Robinhood team member Hash updates on Sunday development priorities including wallet updates, asset launchpad refinement, and buyback/burn dashboard, reporting $5.3k in buybacks and 1.7M tokens burned. Discussion includes analysis of Robinhood Chain as a retail-focused Layer 2 alongside Solana dominance, and announcement that Injective (INJ) token is now supported on Robinhood with direct wallet transfers available.
DefiLlama's September holder revenue reached $193.2M, the highest since November 2025, driven by three value-return mechanisms: Hyperliquid's buyback machine (+$12.8M), Uniswap's burn machine (+$6.2M), and Aerodrome's voter machine (+$10.3M). The number of protocols paying holders expanded to 241, with the top three's market share declining to 58.7%.
Pyth Network's PYTH token jumped 16% after its DAO approved the '100% Rule,' directing all product income toward recurring open-market token purchases. The policy creates standing authorization for buying PYTH with stablecoins, with the first purchases made on September 30 as the network's annual recurring revenue reached $11.49 million.
A discussion of the $PONS token's buyback and burn mechanics, noting that fee-driven buybacks currently represent only ~12% of fees collected, with daily fees declining ~90% from $6M in early September to $604K by October 7. The protocol is initiating a new burn cycle with doubled burn rates and $1.7M in allocated funds to clear over approximately 20 days.
Bitmine, which holds 4.9% of ETH's total supply and has absorbed ~70% of new ETH issuance, is nearing its 5% hard cap and will stop buying within about 1.5 months. With ETH spot ETFs experiencing outflows and Bitmine's exit imminent, the market faces uncertainty about sustaining itself as this major buyer withdraws, especially given ETH's recent 8.2% decline and net daily issuance of ~$7.22 million.
Jupiter (JUP) surged 15% in 24 hours after becoming Solana's largest lending market with $1.214 billion in active loans, surpassing Kamino Finance. The token broke out from a two-week consolidation range, though mixed trader sentiment and decoupling from Solana's price movement present headwinds for sustained gains.
Pyth Network announced a new '100% Rule' directing all eligible DAO revenue toward monthly $PYTH token buybacks, replacing the previous one-third allocation. The protocol reported $11.49M ARR in Q3 2026, up 86% quarter-over-quarter with 276 paying accounts across exchanges, RWA markets, and traditional finance, creating a stronger link between business growth and token demand.
Overtime protocol achieved record revenue, prompting DefiLlama to update its data. The milestone triggered buyback and burn of 700,000 OVER tokens on Ethereum, bringing total burned supply to 22%.