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

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

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· Execution Plan: All SOL in the treasury wallet will first be staked to an Orca validator node, then periodically withdrawn as needed to execute the Orca buyback plan.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).

DDC Enterprise Limited has today announced the additional purchase of 50 bitcoins, increasing its total bitcoin holdings to 2,118 bitcoins. This latest acquisition marks DDC's seventh consecutive week of executing its bitcoin accumulation plan. Based on its current holdings, DDC is ranked 34th in the global publicly traded companies bitcoin holdings list.

From Mining Enterprise to Infrastructure Builder, Bitdeer Unpacks the Survival Logic behind BTC

Profit margins nearing the red line, miners are starting to use Bitcoin as fuel.

How Can Agentic Commerce Empower AI to Start Making Money?

The first wave of moneymaking AIs has arrived, which projects are worth paying attention to

February Correction: Is the Crypto Market Bottoming Out?

Based on historical experience, the most intense phase of this downturn may be about to end.

AI Payments Through the Lens of Fintech Giants: Five Levels, Stablecoin Infrastructure, Next-Gen Globalized Commerce

Stripe took fifteen years to turn seven lines of code into a business empire that powers 1.6% of the global GDP. Its next move is to define the next generation of global business rules.

WEEX LALIGA Partnership 2026: Where Football Excellence Meets Crypto Innovation

WEEX becomes official crypto exchange partner of LALIGA in Hong Kong and Taiwan. Discover how this partnership brings together football excellence and trading discipline.

AI Apocalypse, a massive short squeeze

AI is not the doomsday prophecy, but the dawn of a new era of abundance stemming from the collapse of cognitive cost.

The "Second Truth" of the Luna Crash: Jane Street Exits Ahead of Plunge

In the cryptocurrency industry that touts "decentralization," true asymmetry may have never disappeared.

Jane Street Market Manipulation, Stripe Considering Acquiring PayPal, What's the Overseas Crypto Community Talking About Today?

WEEX × LALIGA 2026: Trade Crypto, Take Your Shot & Win Official LALIGA Prizes

Unlock shoot attempts through futures trading, spot trading, or referrals. Turn match predictions into structured rewards with BTC, USDT, position airdrops, and LALIGA merchandise on WEEX.

a16z: Why Do AI Agents Need a Stablecoin for B2B Payments?

Smart contracts will be more like corporate entities, forming long-term relationships with their vendors and partners.