Orca Council Releases Governance Proposal to Buy Back ORCA with up to 55,000 SOL

By: theblockbeats.news|2025/08/07 00:41:57

BlockBeats News, August 7th, the Orca Council has released a governance proposal to repurchase ORCA using up to 55,000 SOL and stake it to a validator node. During a 5-day voting period followed by a 2-day cooldown period, ORCA token holders can submit veto votes. Proposal details:

· Fund Size: All SOL and USDC in the treasury wallet, currently about 55,000 SOL and 400,000 USDC.

· Execution Plan: All SOL in the treasury wallet will first be staked to an Orca validator node, then periodically withdrawn as needed to execute the Orca buyback plan. The plan will be carried out on a decentralized exchange or in collaboration with market makers, lasting for 24 months, with a daily buyback cap of 2% of ORCA's 30-day average trading volume to minimize market impact.

· Storage and Use of Buyback Tokens: The repurchased ORCA tokens will be held in a multisig DAO treasury wallet. The Council plans to either burn these tokens to permanently reduce ORCA's circulating supply, allocate them to the xORCA pool as rewards, or use them for ecosystem funding.

· Risk Management of the Buyback Plan: Buybacks will be paused during periods of high market volatility (ORCA price volatility exceeding 15% in 24 hours).

-- Price

The Ethereum Foundation has released this non-technical introductory report aimed at government officials, central banks, regulators, and corporate decision-makers, explaining how Ethereum works, how it is governed, how it differs from other blockchains, and how institutions and governments are alre...

A pre-announced harvesting case: After the cryptocurrency price dropped by 99%, the public chain Saga exited to transform into AI

True failure often isn't a single price drop, but rather a pricing mechanism that repeatedly rewards those who tell stories while repeatedly punishing those who believe in the stories.

When American giants collectively "defect" from Chinese AI models

Coinbase CEO publicly stated: the company has fully switched its AI to a Chinese model, cutting expenses in half while usage has doubled. Snowflake and Lindy are also doing the same thing—an unnoticed "AI model migration wave" is happening.

BIS Report Compliance Observation: The Real Risks of Stablecoins, Not Just "Depegging"

The issue with stablecoins is not just whether their price will decouple, but whether they can be integrated into a recognizable, monitorable, accountable, and regulated financial system.

Portugal 2-1 Croatia: Ronaldo's 20-Year Knockout-Stage Drought Ends With a Debt Finally Collected

Portugal beat Croatia 2-1 in the 2026 global football championship's knockout rounds as Ronaldo scored his first-ever knockout-stage goal, Gonçalo Ramos struck a stoppage-time winner, and VAR ruled out a late equalizer for offside.

Bitcoin Price Prediction July 2026: Will BTC Recover to $70K or Drop Below $55K?

Bitcoin price prediction for July 2026: Can BTC recover to $70,000 or fall below $55,000? Explore ETF flows, key support levels, Fed outlook, and our Bitcoin forecast.

A South Korean company that learned the strategy of hoarding coins, from a bull market to delisting?

When the overall momentum of the Korean stock market is strong, this batch of cryptocurrency concept stocks, branded as the "Korean version of Strategy," finds itself at a crossroads of life and death.

WEEX API Broker Program: Turn Your Trading Platform Into a Revenue Engine

Become a WEEX API Broker and earn up to 70% trading fee sharing. Get institutional-grade liquidity, OAuth Fast Connect, and a 4-5 day integration for your AI trading platform, bot, or signal community.

How to choose between buying discounted ETH, Bitmine, and SharpLink?

The answer may not lie in whose story is told better, but in specific dimensions such as cost of holding, financing ability, liquidity, and whether the narrative can be realized.

Wosh: Inflation has cooled in recent weeks, AI is reshaping the economy, and forward guidance has lost its necessity

Federal Reserve Chairman Waller clearly stated at the ECB forum that the Fed will abandon forward guidance on interest rates, with future decisions relying entirely on real-time economic data. He noted that inflation risks in the U.S. have decreased over the past four weeks, but the ultimate impact ...

From Pump.fun to Collector Crypt: Has Solana's income throne changed hands?

The revenue from consumer applications on Solana is no longer solely reliant on meme coin issuance, but is gradually spreading to more consumption scenarios.

Dan Bin's latest speech: Don't miss out on a great era

Don't let hesitation trap your steps, and don't let shortsightedness waste the passing years—make sure not to miss this magnificent era that belongs to us.

Popular coins

Latest Crypto News

20:45

According to Jinshi reports, U.S. President Trump: The U.S. economy is soaring strongly! The stock market has just achieved its best quarterly performance since the last presidential term.The S&P 500 index, Nasdaq index, and Dow Jones index have all surged, and the assets in American people's 401(k)...

Orca Council Releases Governance Proposal to Buy Back ORCA with up to 55,000 SOL

-- Price

You may also like

A valuation of 8 billion dollars, doubling in 8 months! What makes the crypto-friendly bank Erebor Bank stand out?

340 billion valuation: Li Yanhong's largest IPO, a seat in Kunlunxin's shares is hard to come by

Stablecoins are the "royalists" of the crypto world: Open USD brings the old currency system into play

Cape Verde 2-3 Argentina: The Underdog Team That Stunned the World in Defeat

Semiconductor stocks plummet, yet Anthropic wants to create a 2nm chip

Where is Zhao Changpeng's billion-dollar investment going? YZi Labs' investment landscape fully revealed

Ethereum Foundation Report: A Basic Guide to Ethereum for Governments and Financial Institutions