KelpDAO Sues LayerZero and Bryan Pellegrino, Alleging Written Endorsement Tied to $292M rsETH Exploit
KelpDAO is suing LayerZero and Bryan Pellegrino over the April 18 rsETH exploit that resulted in $292 million in losses, claiming the bridge setup involved had received written endorsement from the defendants.
Ondo Launches Three On-Chain Portfolio Tokens Built on BlackRock Strategy
Ondo has rolled out three on-chain portfolio tokens, with the underlying asset allocation strategies crafted by asset management giant BlackRock, bringing institutional-grade model portfolios into the tokenized world.
Solana Foundation Poaches Binance, Polygon Veterans for Strategy and Payments Roles
The Solana Foundation has appointed Rachel Conlan as chief strategy officer and former Polygon Labs executive Jamal Raees as GM of payments, drawing talent from the Binance and Polygon ecosystems respectively.
HIFI Closes $37M Series A, DTCC Live Trading and Visa Partnership Prove Key Bargaining Chips
Stablecoin payments company HIFI announced a $37 million Series A round led by Left Lane Capital, coming right after the company took part in DTCC's live tokenized securities trading and struck a partnership with Visa.
Hut 8 Wins $140M Bid for Poolin's Two Texas Data Centers
Hut 8 has put forward a $140 million acquisition bid to win two Texas data centers from crypto mining firm Poolin, adding two more sites to its growing AI infrastructure footprint.
Blockchain.com Signs Agreement with NYSE to Explore Tokenized US Stocks and ETFs
Blockchain.com has signed a cooperation agreement with the New York Stock Exchange to jointly explore tokenized stock and ETF products, though the overall plan still requires regulatory approval.
Solo-Run Crypto Fund: Jed Breed Raises $15 Million for Breed VC's Second Fund
Breed VC, run under a Solo GP model, has closed its second early-stage crypto fund at $15 million, with backers including FalconX, Nic Carter, Rob Hadick, and Jake Brukhman.
SoFi Brings SoFiUSD Stablecoin Live on Mastercard Network, Card Program Targets $25B in Annual Transaction Volume
SoFi's proprietary stablecoin SoFiUSD has officially gone live for settlement on the Mastercard network, with the card program's annualized transaction volume expected to top $25 billion — embedding stablecoins directly into mainstream clearing infrastructure.
US Spot Bitcoin ETFs See $999M Single-Day Inflow, Biggest in Nearly 11 Months
US spot Bitcoin ETFs posted a net inflow of $999 million on Monday, marking the largest single-day inflow since October 6, 2025.
Coinbase Opens IPO Allocation to US Users, Oura First in Line
Coinbase is rolling out IPO subscription access to US users, with Oura as the first case—marking the platform's formal step into the primary market following its earlier launch of pre-IPO derivatives.
ZetaChain Votes to Shut Down Its Own Layer 1 Network, ZETA Token to Migrate to Solana
ZetaChain's community has voted to shut down its own Layer 1 network and migrate the ZETA token to Solana, with the team shifting its focus to the private AI application Anuma. The migration still requires another vote to be finalized.
Stablecoin Payments Firm dtcpay Closes $25M Series A, Led by SBI Group
Stablecoin payments platform dtcpay has closed a $25 million Series A round with participation from SBI Group. The fresh funding will go toward expanding its product lineup and merchant network, as well as upgrading the business portal used by enterprise clients.
Crypto.com Registers for US Stock Futures Trading, CEO Confirms Talks with CFTC on Perpetual Contracts Too
Crypto.com has registered with the U.S. Securities and Exchange Commission for qualification to offer single-stock futures trading. CEO Kris Marszalek revealed the company is simultaneously in talks with both the SEC and CFTC, with plans to launch single-stock perpetual futures in the US.
SEC Rolls Out "Innovation Exemption," Says It's Stepping In Where Congress Has Stalled on Crypto Legislation
The U.S. Securities and Exchange Commission has introduced an "innovation exemption," which officials are framing as a response to the Senate's slow progress on crypto legislation. Public details remain limited for now.
World Launches World Money Super App: Self-Custody Wallet Integrates Stripe, Kalshi and Morpho
World has launched World Money, a self-custody app built around stablecoin functionality and integrated with Stripe, Kalshi and Morpho. Users who complete World ID verification can unlock boosted rewards.
Senate's Clarity Act Stalls, But House Committee Beats It to the Punch With Crypto Tax Bill
The House Ways and Means Committee has voted to advance the first federal crypto tax framework to the full House floor—timing that lands just one day after the Senate's Clarity Act hit a roadblock.
Clarity Act Stalls in Senate, Aave Founder Floats DeFi's "Uber Path"
After the U.S. Congress's crypto regulation bill, the Clarity Act, hit a wall in the Senate vote, Aave founder Stani Kulechov suggested in an interview with The Starting Block that if legislation keeps stalling, DeFi may have to take a page from Uber's playbook.
Clarity Act Stalls in Senate: Bernstein Says Stablecoin Idle Balance Rewards Unaffected, Expects SEC and CFTC to Speed Up Rulemaking
The Clarity Act failed to advance in the U.S. Senate, and research firm Bernstein says this means reward mechanisms for stablecoin idle balances can continue unaffected, while expecting the SEC and CFTC to accelerate their respective crypto rulemaking efforts.
Circle Mints 10 Billion ARC Tokens, BlackRock and Visa Reportedly Among Arc Mainnet Validator Nodes
Circle has confirmed the genesis mint of 10 billion ARC tokens was completed this week, though whether they'll go public remains undecided. According to The Block, BlackRock and Visa have appeared on the Arc mainnet's validator node list.
Deutsche Bank to Launch European Crypto Custody This Year, Starting with Just Bitcoin, Ether and Select Stablecoins
Deutsche Bank plans to launch a digital asset custody service in Europe this year, targeting institutional clients. The initial rollout will be limited to Bitcoin, Ether, and a handful of stablecoins — a notably cautious first step.
Three Platforms, One Ban: Underdog First to Sue Connecticut
After Connecticut issued cease-and-desist orders to Underdog, Polymarket, and Coinbase, Underdog chose to fight back in court, becoming the first of the three to take legal action.
Balancer Proposal Seeks to Wind Down Protocol, Distribute Treasury to BAL Holders Six Months After Company Shutdown
The Balancer community has put forward a proposal to dissolve the protocol and distribute treasury assets to BAL holders, coming six months after Balancer Labs shut down operations following a $128 million exploit last year.
Robinhood Chain Hits $1B TVL in Six Months, But the Growth Engine Isn't Robinhood's Own Users
StoneX analyst Mark Palmer breaks down four growth drivers behind Robinhood Chain, but the data shows crypto-native users—not Robinhood App users—are actually powering trading volume.
17 State AGs Unite Across Party Lines, James Leads Opposition to Clarity Act Senate Vote
New York Attorney General Letitia James has rallied 17 bipartisan state attorneys general to publicly call on senators to vote against the Clarity Act ahead of its preliminary Senate vote, with the rare cross-party stance becoming a focal point in this crypto legislation showdown.