Crypto Updates June 24, 2025: Major Tokenomics Changes, Testnets, and New Launches

On June 24, 2025, several significant updates in the crypto space took place: - MagicNewton announced the reduction of $NEWT tokenomics, releasing a total supply of 1 billion tokens with no vesting period, allocating 60% to the community, and a 10% drop based on a snapshot from June 12. - CampNetwork revealed the second phase of their testnet, featuring more applications, quests, and entertainment, alongside a detailed textual guide and free software. - Monad launched their Foundation website and hinted at an upcoming release, emphasizing that Foundation creation does not necessarily mean an immediate debut. - Fragmetric's co-founder indicated a promising week ahead with a scheduled drop, accompanied by a yet-to-launch checker tool. - Wormhole announced that earlier stakers of $W tokens can now claim airdrops and re-delegate their staked tokens through a provided link. - Nexus completed the latest testnet phase, which is expected to last several weeks until the mainnet launch, with a detailed guide available. - Lighter, a perpetual trading protocol on Ethereum second only to Hyperliquid in volume, secured funding from a16z, Lightspeed, and Dragonfly, and recently introduced a points system rewarding weekly trades. - Opensea rolled out new quests, including swaps for $5 and buying verified NFTs for $5 or $50 across networks. - Grass announced the release of Grasshopper (a physical node), with a waitlist for whitelist access currently open.