Category: crypto

Bankless is facing backlash for reportedly laying off most of its staff without announcing it publicly. Co-founder Ryan Sean Adams declared the end of the media brand’s first era. Critics say the founders are not addressing the layoffs and are posting unrelated content instead of supporting affected employees.

HYPE has surged to all-time highs above $60 with a 24-hour gain of 16.15%, driven by ETF demand and DeFi speculation. Market data shows HYPE trading around $59.84. Short-term volatility is high, with potential for a pullback to mid-$40s. Medium-term outlook depends on sustaining ETF demand and fee generation.

Securitize, an asset tokenization platform, is pursuing a SPAC merger on Nasdaq with Cantor Equity Partners II to expand beyond stablecoins into a wider range of tokenized securities. The merger would value Securitize at $1.25 billion, allowing it to issue and trade various tokenized assets and become a publicly traded company.

Hong Kong’s first officially approved HKD-backed stablecoin, HKDAP, completed a live transfer test on Ethereum involving three licensed firms. The stablecoin is pegged 1:1 to the Hong Kong dollar and is expected to be issued in phases by the end of Q2 2026. This move by Hong Kong aims to create a compliant alternative to…

Deribit’s Bitcoin options open interest has reached $31.3 billion, surpassing BlackRock’s IBIT. $6.25 billion worth of contracts are set to expire on May 29, with a max pain level of $75,000. The put/call ratio is modestly bullish, but there is gravitational pull towards $75,000 due to the current price.

Tether has acquired SoftBank’s shares in Twenty One Capital, a Bitcoin treasury company co-founded by Jack Mallers. Tether plans to merge Twenty One Capital with Strike and Elektron Energy to create a larger Bitcoin-focused group. This acquisition consolidates Tether’s control over the NYSE-listed Bitcoin vehicle and expands its Bitcoin financial platform.

The European Commission has opened a public consultation on the functioning of the EU’s MiCA regime, seeking feedback by Aug. 31, 2026. This consultation will shape how crypto rules are applied across the bloc. Stakeholders and the public are invited to provide input on how MiCA is working in practice to inform future policy work…

Mouro Capital, backed by Santander, closed its third fund at $400 million, focusing on AI, blockchain, capital markets, and wealth management. Total capital commitments now exceed $1 billion. Investments include AI-enabled finance and blockchain infrastructure. The firm is targeting the intersection of AI and blockchain in financial services for future growth.

LayerZero Labs released an incident report on the KelpDAO bridge attack, revealing that $292 million in rsETH was stolen due to attackers poisoning the RPC infrastructure. This led to policy changes regarding single-signer configurations. The attack targeted the LayerZero Labs DVN’s RPC infrastructure rather than the protocol itself, resulting in the theft.

Fragmented crypto liquidity across exchanges and pairs creates inefficiencies in trading, with slippage, spread drag, and inconsistent execution impacting traders, tokens, and venues. Market makers play a crucial role in smoothing out depth, tightening spreads, and maintaining usable liquidity across venues to address these challenges. Liquidity fragmentation affects trading efficiency, pricing inconsistencies, and market health,…