Reddit-Based Tokens Plunge on Report of Wind Down of Community Points
MOON, BRICK and DONUT tokens prices are each lower by 60%-90%.

Reddit is shuttering its roughly three-year-old blockchain-based Community Points program, reports TechCrunch.
"Though we saw some future opportunities for Community Points, the resourcing needed was unfortunately too high to justify," Tim Rathschmidt, Reddit's director of consumer and product communications, told TechCrunch. "The regulatory environment has since added to that effort," he added.
Moons [MOON], the native token of Reddit's r/CryptoCurrency community, is lower by 85% on the news, while Bricks [BRICK], distributed as a reward for contributions in the r/Fortnite subreddit, is down 67%. Donut [DONUT] the token that represents the community points of the r/ethtrader subreddit is off 66%.
"Part of why we’re moving past this product is that we’ve already launched, or are actively investing in, several products that accomplish what the Community Points program was trying to accomplish, while being easier to adopt and understand," said Rathschmidt.
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Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch

When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.
What to know:
- Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
- Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
- Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.