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Sui-based tokens like LOFI, HIPPO, and CETUS dropped over 50% on DEXs following an apparent exploit of Cetus Protocol, a leading DEX on Sui. Analysts estimate over $200M was drained, with $60M USDC bridged to Ethereum. The team has paused contracts and is investigating a suspected oracle-related vulnerability.
Sling has launched virtual USD and EUR accounts tailored for freelancers, remote workers, and digital nomads, enabling seamless cross-border payments without needing to explain stablecoins or crypto. Users can receive payments like a local, then send funds to 140+ countries or withdraw via debit cards, mobile money, or Solana exchanges.
Succinct's protocol coordinates a decentralized marketplace where provers bid off-chain via an auctioneer service and smart contracts settle proofs and state roots as a verifiable application (vApp). The PROVE token powers payments, network security through staking and delegation, and governance, distributing fees and emissions to incentivize competitive proof provision. By separating real-time execution from on-chain settlement, the architecture delivers web-scale performance with crypto-grade verifiability and secure fund custody. Stage 2.5 of the testnet will launch end-to-end proof requests and fulfillment, opening participation to rollups, L1 blockchains, games, and other applications.
Pendle is the leading marketplace for trading yield on stablecoins. It captures over 30% of the growing $11 billion yield-bearing stablecoin market with $4 billion in TVL, $50 billion in lifetime volume, and $35-40 million in annualized fees. Favorable regulatory shifts are driving a projected doubling of total stablecoin supply to $500 billion and a rise in yield-bearing issuance to $75 billion over the next 18-24 months. Pendle's two-pronged flywheel — airdrop bootstrapping into a durable yield marketplace — has diversified its stablecoin exposure from <20% to 83% of TVL. At 25% market share of yield-bearing coins, Pendle could scale to $20 billion TVL and $200 million in protocol fees, implying a potential $6 billion valuation.
Debt's essence has always been trust, and loans should be priced by openly auctioning trust assumptions like collateral, contracts, and reputation. Standardizing and broadcasting these trust factors enables competitive bidding across all counterparties, ensuring optimal terms. Lending protocols must minimize their own trust impact through immutable, verifiable infrastructure, leaving loan approval and pricing to free markets. Morpho aims to embody this framework by facilitating trust-priced lending across the full spectrum of collateralized and undercollateralized scenarios.
White House crypto czar David Sacks says the GENIUS Act could unlock trillions of dollars in demand for U.S. Treasurys by providing legal clarity for stablecoins, turning an already $200B market into a major force for dollar demand. The bill, which advanced with bipartisan support, mandates full Treasury/dollar-equivalent backing, AML compliance, and oversight for large issuers like Tether and Circle. While critics warn of potential conflicts tied to Trump's allies and USD1, Sacks emphasized stablecoins' role in strengthening U.S. dollar dominance and modernizing payments.
Sonic Labs has partnered with crypto capital markets firm GSR to provide deep liquidity, strategic guidance, and ecosystem support for the S token and broader DeFi network. Beyond market making, GSR will assist early-stage projects, deploy on-chain liquidity, and contribute to Sonic's long-term development, reinforced by its sponsorship of Sonic Summit 2025.
FIFA has selected Avalanche to launch its own EVM-compatible blockchain, migrating its FIFA Collect NFT collection from Algorand and Polygon.
Strategy (formerly MicroStrategy) has launched a $2.1B at-the-market sale of its 10% Series A STRF perpetual preferred stock to fund further bitcoin acquisitions and corporate expenses.
This strategy achieves ~36% stablecoin APY by combining Pendle's PT-csUSDL principal tokens with Morpho's 85% LTV loops.
Mayor Eric Adams announced a digital assets advisory council to funnel fintech jobs and expertise into New York City, with a chairperson to be named shortly. The council will advise on blockchain and crypto initiatives, such as exploring on-chain storage of vital records, and help shape policies that serve residents. Adams framed the effort as harnessing “technology of tomorrow” and showcased participation from family offices and unicorn startups.
SP1 Hypercube is ZK's “man on the moon moment,” as it proves over 93% of Ethereum mainnet blocks in under the current block time of 12 seconds. It achieves 5x lower latency and cost compared to SP1 turbo using a novel zkVM optimized for multilinear polynomials. A real-time prover cluster requires roughly 160 Nvidia 4090 GPUs (~$300k), with potential to drop to ~$100k on cost-efficient hardware. By delivering sub-12s proofs, SP1 Hypercube paves the way for L1 scaling, native rollups, and improved interoperability.
Agent Commerce Kit provides open-source protocols, including ACK-ID for verifiable agent identity and ACK-Pay for agent-native payments, that bridge AI with legacy financial systems. ACK-ID uses DIDs and Verifiable Credentials to establish cryptographic ownership and secure authentication and privacy-preserving disclosure, while ACK-Pay standardizes payment initiation, flexible settlement across traditional and blockchain rails, and cryptographic receipts with optional human oversight. It also features advanced micropayment and conditional payment features, x402 interoperability, and agent-specific reputation frameworks.
Autonomous AI agents are becoming prolific onchain participants by holding wallets, executing smart contracts, and powering AI-infused applications. Important infrastructure spans trusted execution environments, agent frameworks and toolkits, agent launchpads, multi-agent coordination protocols, Model Context Protocols for external data, and AI app stores for discovery and monetization. This “Agentic Commerce” allows agents to transact with humans and each other via crypto rails and stablecoins, exemplified by protocols like x402 enabling machine-speed, always-on economic activity. While promising rapid growth and innovation, the ecosystem must overcome challenges in agent reliability, blockchain scalability, and novel governance frameworks.
Stablecoin transactions hit $6.8T in Q1 2025 as platforms like Stripe launch native support and issue their own, signaling a shift toward mainstream adoption. With crypto wallets enabling direct stablecoin payments at checkout, stablecoins are becoming a default payment rail for global eCommerce. While Ethereum benefits from this growth, the stablecoin model diverges from Bitcoin's original vision of decentralized, intermediary-free payments.
Dune has launched SIM, a new language that makes onchain data analysis easier by replacing complex SQL with a more intuitive, spreadsheet-like syntax. It's designed to help users build modular, transparent data models without deep technical expertise.
Circle trades at a $5B market cap with $155M net income and a similar 32x P/E as Coinbase, but with USDC poised to grow alongside global dollar demand and regulatory clarity via the GENIUS Act, its future earnings potential is much larger. Even with falling interest rates, a $250B–$500B USDC supply at a 3% yield could generate $7.5B revenue and $2B+ net income, matching Coinbase's current run rate and justifying a $60B market cap boost.
World Assets, Ltd. has raised $135M from Andreessen Horowitz and Bain Capital Crypto through a WLD token sale to expand its Orb-verified World ID network, now used by over 12.5M people.
Solana now has over 50 million SOL in liquid staking tokens (LSTs), representing 12.8% of all staked SOL (up from 6.7% a year ago).
Stablecoin supply on Aptos has jumped from ~$430M to ~$1.13B year-to-date, driven by strong growth in both USDT and USDC natively minted on the network.
Sonic has crossed $1M in annualized revenue, with May showing breakout momentum as the platform generates over $85K in weekly revenue for three straight weeks.
With TVS nearing $600M, dozens of chains live, and top apps launching soon, Celestia argues it's executing a classic startup playbook: subsidize early, monetize later.
The Senate passed a procedural cloture vote on the GENIUS Act with over 60 votes, just two weeks after the same measure failed, after key Democrats switched to support. A newly negotiated draft added ethics provisions barring senior officials and contingently Big Tech firms from issuing stablecoins, plus enhanced national‑security and data‑privacy protections to secure bipartisan backing. Intense industry lobbying, including Coinbase's Stand With Crypto and appeals by Treasury Secretary Bessent, helped revive momentum after initial setbacks. The bill now moves to a full Senate floor vote, then to the House, before heading to President Trump to create a clear federal framework for legally issuing stablecoins in the United States.
Bancor's Bprotocol Foundation and LocalCoin Ltd. have filed a lawsuit against Uniswap Labs and the Uniswap Foundation, alleging unauthorized use of Bancor's patented constant product AMM (CPAMM) technology first introduced in 2016. The suit claims Uniswap's original 2018 protocol infringes on Bancor's 2017 patents covering the automated, permissionless onchain swap mechanism foundational to DEXs.
Squads has launched Grid, a suite of developer-friendly APIs designed to replace legacy banking middleware with stablecoin-native infrastructure on Solana. Grid enables fintech teams to spin up global USD accounts, send cross-border payments, integrate yield, trade tokenized assets, and issue virtual cards, all without touching complex blockchain tooling or sponsor banks.
Solana's Alpenglow consensus mechanism replaces TowerBFT and Proof-of-History with Votor for concurrent one- and two-round voting finality and Rotor for erasure-coded, single-hop data dissemination, foregoing gossip. Simulations based on current stake distribution show median finality latency of ~150 ms (as fast as 100 ms), down from ~12.8 s under the legacy protocol. Alpenglow's “20+20” resilience tolerates 20% adversarial and 20% non-responsive stake, while Rotor maximally leverages network bandwidth to minimize leader bottlenecks.
Maximal Extractable Value (MEV) is the profit block producers and searchers capture by strategically ordering, including, or excluding transactions beyond standard rewards, arising from information asymmetries in public mempools. Common forms include frontrunning lottery claims, backrunning AMM arbitrage, sandwich attacks on trades, and speculative transaction retries at low fees. Unchecked MEV can drive up gas costs through spam, incentivize consensus-layer forks, and centralize power among proficient extractors. Mitigation approaches range from offchain and order-flow auctions and single-slot finality to application-specific designs, fair-ordering protocols, and encrypted mempools, helping align incentives and reduce harmful externalities.
Stablecoins employ diverse collateral and algorithmic mechanisms, creating distinct risk profiles that frameworks like Bluechip's SMIDGE, which assesses stability, management, implementation, decentralization, governance, and externals, help illuminate. Traditional agencies such as S&P and Moody's are now applying securities-style analyses, reflecting growing institutional scrutiny of stablecoin infrastructure. Tether's low rating for transparency yet dominant liquidity and PYUSD's strong reserve backing offset by high centralization exemplify these trade-offs. Users must therefore align stablecoin choices and ratings with their own priorities, understanding that no single rating captures every dimension of risk.
ERC-7946 proposes a new model where dApps suggest transactions via QR code or NFC without accessing the user's wallet address, significantly improving privacy. Instead of connecting wallets directly (an increasingly risky and exclusionary practice), this standard treats dApps as composable interfaces for crafting transactions, not identity checkpoints. If adopted, it would prevent dApps from blocking users based on wallet history (e.g. Tornado Cash usage) and reduce third-party data leaks, enabling a new class of privacy-first, even offline, Ethereum applications.
Coinbase's Crypto-as-a-Service will power Webull Pay's crypto services – trading, custody, staking, and USDC – starting June. This partnership ensures deep liquidity, institutional-grade security, and compliance. Webull Pay customers will access Coinbase's advanced infrastructure and income-earning crypto features, positioning the platform for scalable growth. Webull Pay is also exploring global expansion to offer branded crypto experiences across markets.
Robinhood submitted a 42-page proposal to the SEC advocating for a federal framework that legally equates RWA tokens to their underlying assets and enables off-chain matching with on-chain settlement.
Ethereum's exchange supply has fallen below 4.9% of total supply for the first time ever, while Bitcoin's sits at 7.1%, its lowest level since November 2018.
Exchanges are now competing to be the backends for other providers wanting a full crypto experience in their apps.
Web3 developer tooling provider Alchemy has acquired DexterLab, a leading provider of Solana infrastructure.
Bybit has become the first major crypto exchange to enable direct global stock trading with USDT, offering access to 78 top equities, including Apple, Tesla, and Amazon.
Crypto investment products saw $785 million in inflows last week, marking the fifth consecutive week of gains. Ethereum was labeled the “standout performer” after adding $205 million (the strongest showing this year). The uptick reflects renewed investor confidence following Ethereum's Pectra upgrade and leadership changes, even as U.S. spot ETH ETFs contributed just $41.8 million.
Strategy (formerly MicroStrategy) acquired 7,390 BTC for approximately $765 million at an average price just under $103,500 as bitcoin climbed past $100 K, lifting its year-to-date bitcoin yield to 16.3% and bringing its total holdings to 576,230 BTC purchased at an average cost of $69,726. At today's prices, those holdings are worth over $59.2 billion, representing an unrealized gain of $19.2 billion (47%). In a concurrent SEC filing, Strategy disclosed a class-action lawsuit in the Eastern District of Virginia accusing its executives of misleading investors about the profitability and risks of its bitcoin-focused strategy.
MegaETH tackles the scalability bottleneck of redundant work by dividing network roles into four specialized node types: Sequencers that hold state in RAM and produce 10 ms blocks, lightweight Provers that generate cryptographic proofs asynchronously, resource‑efficient Replicas that apply state diffs and verify them via proofs, and optional Full Nodes that re‑execute blocks for maximum trustlessness. This architecture eliminates the need for every node to perform every task, achieving 1.7 Gigagas/s throughput today without pricing out smaller participants thanks to minimal hardware requirements for Prover and Replica nodes. Sequencer rotation among a set of builders preserves decentralization, while Full Nodes offer a trust anchor for critical applications. MegaETH's long-term goal is 1ms block times and over 10 Gigagas/s capacity.
CDP's new policy engine allows wallets to filter transactions to a restricted set of addresses, limit access to known smart contracts, and enforce per-address transaction limits. Combining the policies with AgentKit enables a spectrum of guardrail strength for ensuring agents have autonomy to the degree a human is comfortable with. CDP's wallet product is now a leading solution for building programmable, server-side wallets with applications including neobanks, AI agents, and embedded experiences.
Vitalik Buterin has outlined a refinement to Ethereum's scaling roadmap that preserves the ability to run personal full nodes despite rising L1 gas limits. “Partially stateless nodes” verify blocks without storing the full state, keeping only user-specified data. This enables private, censorship-resistant, and trustless local access to the chain. Short-term priorities include fully rolling out EIP-4444, building erasure-coded distributed history, and repricing storage-heavy opcodes to lower the barrier for node operation in a more data-intensive future.
Web2 attack vectors like social engineering, key leakage, supply‑chain exploits account for over three times the value lost to smart‑contract bugs ($3.31 billion vs. $983 million since January 2023), driven by poor DevOps, phishing, and lax device/key management. A paranoid “Don't Trust, Verify” mindset, strict phishing education, hardware‑key 2FA, sandboxed code execution, and rigorous password/key rotation are critical for thwarting threats ranging from script kiddies to nation‑state actors. This guide includes platform‑specific best practices for Twitter, Telegram, Discord, Slack, Google Workspace, GitHub, cloud environments, and multisigs, plus physical security measures against tailgating and device compromise.
Bipartisan sponsors designed the GENIUS Act to establish a pro-growth federal stablecoin framework. It requires fully backed, privately issued “digital dollars” to maintain U.S. Dollar primacy, cut payment costs for families and small businesses, and direct fintech investment to American communities. Progressive advocacy groups like Americans for Financial Reform and Better Markets instead pressured the SEC under Chair Gensler toward enforcement-first crypto regulation, leading to high-profile policy missteps and disenchantment among crypto-savvy voters. Their behind-the-scenes influence derailed early congressional hearings and favored enforcement over transparent rulemaking, alienating a key constituency in the 2024 election.
With EIP-7702 now live, developers would like permit2 (Uniswap-created workaround for gasless token approvals) to be retired because of its added security risks and implementation complexity. Unlike permit2, which required broad approvals and was prone to multi-asset abuse via a single signature, EIP-7702 enables clean batch transactions without added smart contract code. Though adoption will take time, 7702 offers a more secure and streamlined path forward, making permit2 redundant.
Over the next 12–24 months, major crypto wallets like Phantom and Trust Wallet are expected to roll out integrated crypto cards, streamlining onchain-to-real-world spending.
Japanese investment firm Metaplanet purchased 1,004 BTC for ~$104M, bringing its total holdings to 7,800 BTC (~$806M).
Claiming that altcoins deserve a “monetary premium” just because Bitcoin has one is flawed logic.
Many assets today move on narrative, not fundamentals, and some always will.
Senators Hagerty (R) and Gillibrand (D) say the bipartisan GENIUS Act, designed as the first pro‑growth U.S. regulatory framework for payment stablecoins, could clear the Senate as soon as next week after modest tweaks to address Democrats' consumer‑protection and national‑security concerns. The latest draft bars large public companies like Meta from issuing stablecoins and incorporates “robust consumer protections” to win broader support. Following a failed cloture vote, backers are gearing up for a second 60‑vote threshold today to bring the bill into formal debate and potential amendment. If enacted, the legislation would set clear standards for issuers of USDC, USDT, and other dollar‑pegged tokens.