Category: crypto

Kraken is discussing acquiring a 15% stake in Aave for $385 million, including 35,000 ETH, 250,000 AAVE tokens, and equity. Aave founder Stani Kulechov denied the reported terms, stating Aave generates $134 million in annual revenue. The investment would expand Kraken’s DeFi strategy and Aave’s financial performance is strong.

South Korea has expanded cryptocurrency disclosure requirements for its debt relief program, including virtual asset holdings in applicant reviews. Debt forgiveness will now be tied more closely to repayment capacity. Applicants must submit virtual asset balance certificates, with debt relief reduced for those with stronger repayment ability. The changes aim to distribute public support more…

Polymarket confirmed a phishing attack after a third-party vendor compromise allowed access to inject malicious code, resulting in $2.94 million stolen from users. The incident was contained, affected users will be refunded, and it was the 89th crypto security breach of the second quarter, as reported by DefiLlama.

Base has delayed the Beryl mainnet upgrade by one day to ensure the B20 Activation Registry is fully operational before the hard fork goes live. The upgrade, now scheduled for June 26, will introduce the native B20 token standard, shorten the withdrawal period, and integrate Reth V2. The recent network outage was unrelated to the…

Ripple CTO David Schwartz clarified that XRP did not exist before Bitcoin, as Ryan Fugger’s 2004 idea was a payment network, not XRP. The debate arose after a claim that XRP was created in 1988, but it was actually launched in 2012. The confusion highlights the evolution of RipplePay and XRP.

UC Berkeley professor and Oasis Labs founder Dawn Song has joined Meta Superintelligence Labs as vice president of AI research. She will lead efforts in AI safety and security, bringing her expertise in privacy from Oasis. Meta is also hiring members of the Virtue AI team to work on agent safety and AI security tools.…

Framework Ventures has closed a $400 million fourth fund to invest in startups focused on crypto, artificial intelligence, robotics, and energy technologies. About half of the fund has already been deployed, with support from various investors. This move reflects a broader investment mandate for the venture capital firm, following a trend in the industry.

Playnance has listed GCOIN on XT.COM, marking its fourth exchange listing in June. The token powers gaming, sports predictions, and on-chain transactions in PlayBlock. With over 300,000 users and 10,000 games, Playnance aims to expand GCOIN’s accessibility through exchange listings. The company focuses on Web3 ecosystem development and scalability.

SOIL denies using XRP Ledger users as exit liquidity for insider token sales. An on-chain analyst linked multiple token sales to wallets allegedly receiving SOIL directly from the issuer. SOIL refutes claims, stating wallets were bridge addresses, not project-controlled. The dispute arises as SOIL plans to adopt XRPL’s lending framework.

SEC and CFTC are reviewing crypto derivatives regulations following the approval of U.S. crypto perpetual futures. They are seeking public comment on aligning portfolio margining rules to improve risk management and consumer protection. The review aims to prevent overlapping regulatory responsibilities and enhance market efficiency. Legal disputes over crypto derivatives continue.