Crypto Rallies as Senate Committee Advances Market Structure Bill to Full Senate

Bitcoin rose 3% and Coinbase stock surged more than 8% as the Senate Banking Committee advanced the most consequential crypto market structure bill in U.S. history. Substantial hurdles remain before it becomes law.

Kraken Migrates to Chainlink CCIP for Wrapped Bitcoin and Future Wrapped Assets

Kraken is deprecating its existing cross-chain infrastructure and moving exclusively to Chainlink CCIP to secure Kraken Wrapped Bitcoin (kBTC) and all future wrapped assets.

THORChain Reports $10.7M Loss From Compromised Asgard Vault

THORChain developers announced that one of six Asgard vaults was compromised, resulting in approximately $7.4M in unauthorized outbound transactions before the network halted signing activity.

Tokenized ETFs Surpass $430 Million in Onchain Market Cap, Led by Ondo Finance's IVVon

Tokenized ETFs have crossed $430 million in total onchain market cap, with Ondo Finance's IVVon token surging 150% in the past month on Ethereum.

CME and NYSE Owner Push U.S. Regulators to Crack Down on Hyperliquid

The Hyperliquid Policy Center disputed the framing.

Aave Proposes Principal-Preserving Charitable Giving Layer for Protocol

Aave governance initiates temp-check on a new charitable mechanism that would allow users to generate yield on deposits while maintaining capital control for humanitarian organizations.

Galaxy Receives BitLicense From New York State Department of Financial Services

Galaxy has obtained a BitLicense from the New York State Department of Financial Services, regulatory approval to operate a cryptocurrency business in the state.

SEC Preparing 'Innovation Exemption' Framework for Tokenized Stock Trading

The SEC is developing a new regulatory framework that would allow digital versions of publicly traded securities to trade on blockchain networks in the US.

Solana Co-founder Toly Backs New Perpetuals DEX to Challenge Hyperliquid's Dominance

Anatoly Yakovenko argues Solana needs its own atomically composable perpetuals DEX as Hyperliquid pursues regulatory clarity in Washington.

Tor Project and Funding the Commons Launch Web3-Native Crowdfunding Campaign

A coalition of privacy and crypto organizations is using quadratic funding to channel crypto donations to 10 nonprofits fighting censorship and surveillance worldwide.

Polymarket Launches Prediction Markets on Private Company Valuations With Nasdaq Data

Polymarket partnered with Nasdaq Private Market to enable trading on private company valuations, IPO timing, and secondary share prices, with early markets on OpenAI, Anthropic, Stripe, and other unicorns.

Aave V4 Gains Momentum With Two-Layer Market Isolation Structure During Capped Launch

Aave V4 introduces a new market architecture featuring collateral isolation across Hubs and Spokes, with Prime, Core, and Plus Hubs launching initially.

MoneyGram Partners With Tempo as Anchor Remittance Validator on Blockchain

MoneyGram has become Tempo's anchor remittance validator in a new strategic blockchain partnership designed to enhance cross-border payment infrastructure.

CoW Swap Expands to Solana With NEAR Intents Backend Support

CoW Swap, the intent-based DEX, is launching on Solana blockchain with NEAR Intents providing backend infrastructure.

LayerZero's Incident Report Says Kelp Downgraded From 2-of-2 to 1-of-1 DVN Before $292M Exploit

Detailed May 18 post-mortem traces a six-week breach to DPRK group TraderTraitor and locks in a new 3-of-3 DVN protocol default. Kelp says LayerZero approved the configuration and has migrated rsETH bridging to Chainlink.

Steakhouse Fi Pulls $1 Billion Lead Over Competing Morpho Vault Curators

Steakhouse Fi has expanded its lead to approximately $1 billion over the next largest Morpho vault curator, marking a significant shift in the competitive curator ecosystem.

HYPE Crosses $50 for First Time Since September

Bitwise's chief investment officer said that Hyperliquid is targeting not the $3 trillion crypto economy, but the $600 trillion global asset market.

 a16z-Backed Syndicate Labs Shuts Down After Five Years

Syndicate Labs, an a16z-backed on-chain development startup, is winding down operations, citing a fundamental shift in the Rollup market and significant market contraction.

EUR-Denominated Stablecoins Surge 12-Fold as European Banks Scale MiCA-Compliant Assets

European banks are rapidly moving stablecoin projects from concept to production, with EUR stablecoins processed at retail VASPs growing 12-fold to $777 million in 15 months.

EF Exodus Fuels Calls for New Price-Focused Ethereum Organization

At least eight senior EF researchers and leaders have announced departures this year.

 Pump.fun Launches USDC-Paired Liquidity Pools for Token Launches

Pump.fun now allows coin creators to launch with USDC-paired liquidity pools instead of SOL, raising starting market caps to $4k and increasing early-stage supply costs by 67% to improve token distribution and ecosystem health.