Core Insights - The conversation around token buybacks in the crypto space is becoming increasingly critical, as projects like Jupiter and Helium reassess their buyback strategies due to limited impact on token prices despite significant expenditures [1] Group 1: Helium's Buyback Strategy - Helium has halted HNT buybacks funded by Helium Mobile revenue, despite generating $3.4 million in October 2025, due to minimal market response [2] - The company previously shifted to daily automated buybacks in late 2025, aimed at reducing token supply through revenue from mobile subscriptions and network data usage, but has now paused these buybacks [3] Group 2: Jupiter's Buyback Challenges - Jupiter has spent over $70 million on JUP buybacks in 2025, funded by approximately half of its protocol fee revenue, but the token's price has dropped nearly 90% from its early-2024 high [4] - The circulating supply of JUP has significantly increased, with around 700 million tokens entering circulation by January 2025, leading to persistent inflation that outpaces the buybacks [5] Group 3: Market Dynamics and Critique - Critics argue that buybacks do not effectively support token prices when new supply consistently exceeds the amount being removed, turning buybacks into exit liquidity rather than capturing long-term value [5][6] - Buybacks are seen as ineffective without structural demand drivers, such as mandatory utility or reduced emissions, as traders may sell into predictable buying pressure [7]

Core Insights - The SEC has shifted its approach towards the crypto industry, moving from "regulation by enforcement" to a more collaborative stance under the new administration, which is seen as a positive development for crypto firms [5][6]. Group 1: SEC Actions and Resolutions - The SEC has dismissed multiple lawsuits against major crypto companies, including Coinbase, OpenSea, and Robinhood, indicating a significant reduction in enforcement actions [8][10][11]. - Ripple Labs and the SEC officially dropped their appeals in August 2023, concluding a four-year lawsuit regarding the unregistered sale of securities with XRP, marking a pivotal moment in the regulatory landscape for crypto [4]. - The SEC voluntarily dropped an appeal related to decentralized finance (DeFi) applications, ensuring that DeFi protocols do not need to register as securities exchanges, which was hailed as a victory by industry advocates [7]. Group 2: Company-Specific Developments - Binance faced significant legal challenges, including settlements totaling $7 billion for alleged securities violations and money laundering, but recent developments suggest a potential resolution [1][2]. - Uniswap Labs and Gemini Trust both had investigations closed without any enforcement actions, reflecting a broader trend of the SEC backing away from aggressive regulatory stances [12][14]. - Yuga Labs announced the closure of an SEC investigation into its NFT offerings, which had been ongoing since 2022, marking a win for the NFT sector [18]. Group 3: Industry Implications - The SEC's recent decisions are seen as a move towards fostering innovation within the crypto space, allowing companies to focus on development rather than legal battles [5][31]. - The closure of investigations into various firms, including Immutable and Ondo Finance, suggests a growing recognition of the need for regulatory clarity in the rapidly evolving crypto landscape [24][32].

Why Helium is turning heads: HNT is currently deflationary with a hard cap of 223M tokens. Every time devices use the network, HNT gets burned. The more the network grows, the more HNT is burned.Helium shows crypto incentives can build real-world infrastructure that benefits everyone, not just the crypto crowd.Trade $HNT on @BitMartExchange ...

RT abhay (@abhay)Helium is the asset. Solana is the infrastructure.500,000 $HNT holders on Solana and counting. https://t.co/Zm9smMcmfk ...

Market Research - MessariCrypto 被认为是加密货币领域独立市场研究的黄金标准 [1] Cryptocurrency - 公司将每日从所有可用市场来源自动回购 Helium (HNT) 代币 [1] - 每日自动回购 HNT 意味着更低的供应量 [1]

Helium Network & HNT Token - MessariCrypto 在 6 月份预测，如果 Helium 销毁 100% 的移动收入，$HNT 可能转为通货紧缩 [1] - 8 月 19 日，销毁政策生效 [1] - 截至 9 月 6 日，Helium 成为第一个净通货紧缩的 DePIN（Decentralized Physical Infrastructure Network，去中心化物理基础设施网络） [1]

Tokenomics & Governance - Helium (HNT) 将从早期投资者手中购回剩余的 570 万枚 HNT 代币，此前该投资者一直在通过 Coinbase 积极出售 [1] - Helium 计划建立更透明的机制，通过回购将链下收入引入 HNT [1] - Helium 搁置了任何稀释供应以及合并股权/代币的计划或讨论 [1] Future Developments - Helium 至少还有一件大事即将发生，但目前尚未公开 [1]

DePIN is the frontierDylan Bane (@dylangbane):HNT is up 64% since we called the bottom on June 23rd based on fundamentals growth and downstream effects of the August 1st Halving.In that same period:BTC: +13.4%ETH: +53.5%SOL: +20.7%AAVE: +37.2%To all the liquid funds - yes @MessariCrypto does have alpha. https://t.co/0FS85Sw5r0 ...