Category: crypto

Ondo Finance founder Nathan Allman has passed away, leading to Ian De Bode becoming the new CEO. De Bode has been with the company for over two years and will continue the company’s mission. Ondo has experienced growth in the tokenized real-world asset market, expanding its offerings and partnerships.

Strategy did not purchase any Bitcoin between May 18 and May 24, focusing instead on buying bonds. BitMine also did not buy any Ethereum during this period. Despite this, four public companies bought 612 Bitcoin worth $47.5 million. Stablecoin liquidity decreased by $687 million, and DEX volumes also declined.

OKX’s Layer 2 network X Layer introduced Exchange OS, allowing developers to create their own trading venues. The first venue will launch in June with 2026 World Cup outcome markets. The upgrade aims to address limitations in on-chain finance by allowing for custom market creation with different assets, revenue models, and compliance settings.

Scammers are using fake Uniswap websites promoted through Google Ads to steal at least $400,000 from crypto users. Security groups report that attackers continue to drain connected wallets through phishing campaigns tied to malicious Google advertisements. The phishing operation relies on sponsored Google search ads designed to appear above legitimate Uniswap links.

Kelp DAO has completed the final operational step in its rsETH recovery plan after the hack that led to a loss of $293 million linked to Lazarus Group. Aave is still recovering from the aftermath of the exploit, with users withdrawing liquidity and legal battles ongoing over frozen assets.

Charles Hoskinson praised XRP as a stronger product than Tether and Circle, highlighting its open and permissionless access. This marks a shift in tone after years of tension with the XRP community. Hoskinson’s comments come as stablecoin regulations are under debate, and Cardano faces governance issues.

Last week, digital asset investment products experienced $1.47 billion in outflows, with Bitcoin funds leading with $1.315 billion leaving. Despite this, XRP, Near, Solana, Sui, and multi-asset products saw selective inflows. The outflows were attributed to risk-off sentiment related to Iran, with the U.S. being the main source of withdrawals. Ethereum also saw significant outflows,…

Bitwise has launched the Bitwise Canton ETP on Deutsche Börse Xetra, providing European investors with exchange-traded exposure to Canton Network’s native token, CC. The ETP tracks Kaiko’s reference rate and has a 0.85% annual fee. This comes after 21Shares launched the TCAN ETF for U.S. investors. Canton Network focuses on privacy-enabled blockchain for capital markets.

Robinhood has received final regulatory approval in Canada for its C$250 million acquisition of WonderFi, expected to close on June 1. This acquisition will give Robinhood access to WonderFi’s regulated crypto businesses in Canada, including Bitbuy and Coinsquare. Robinhood reported a decline in quarterly crypto revenue before this approval.

Former Hodlnaut CEO Zhu Juntao was charged with six counts of fraud by false representation by Singapore police on May 26. The charges are related to alleged false statements denying direct exposure and losses from TerraUSD claims after the crash in 2022. Hodlnaut had faced claims of $190 million in UST-linked losses before becoming defunct…