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DeFi TVL drops 39% in 2026 amid market downturn and record hack activity
DeFi TVL fell 39% in 2026 as a broader market downturn and fallout from major exploits, including the Kelp DAO hack, …
THORChain resumes trading more than a month after $10M exploit
THORChain resumed all network activity after implementing multiple security upgrades and a vault migration to fix the…
Q2 2026 emerges as most-hacked quarter on record with 83 incidents
Crypto hackers stole $755 million across 83 cybersecurity incidents, as cross–chain bridges remained the most costl…
Aztec hit by second $2.1M exploit in less than a week: SlowMist
Security researchers warn that deprecated smart contracts can remain vulnerable long after projects stop maintaining …
France to stop certifying products lacking quantum-resistant encryption
France’s cybersecurity agency plans to block certification of products without quantum-resistant encryption startin…
Polychain and Coinbase-backed Satori Finance DEX winds down citing ‘unfavorable market conditions’
Satori raised $10 million in a May 2022 seed round led by Polychain Capital with participation from Coinbase, Jump an…
Robinhood cuts 10% of staff, expects $28 million in restructuring charges
Robinhood cut 10% of its staff and expects $28 million in restructuring charges tied to flattening management layers …
Humanity Protocol’s $36M hack tied to suspected North Korean hackers: Quantstamp
A fake Bithumb email used in the $36 million Humanity Protocol hack points to the involvement of North Korean threat …
Mt. Gox moves $739 million worth of bitcoin to two addresses: Arkham
Mt. Gox transferred a combined 10,306 BTC to an unmarked address and its hot wallet early Tuesday, according to Arkham.
CLEAR token tanks 48% as Everclear winds down protocol, foundation and labs unit
Everclear achieved $500 million in monthly volume, but "never developed the commercial depth," the team said on Thurs…
Syndicate Labs to wind down operations after five years, citing rollup market slump
Syndicate Labs said that the $330,000 exploit last month is unrelated to the decision to wind down operations.
Deloitte absorbs Blocknative team as crypto infra firm winds down APIs and Gas Network
The Blocknative website now returns a post noting that the firm is “now in the process of ceasing operations."
US crypto ATM operator Bitcoin Depot files for Chapter 11 to wind down business
Bitcoin Depot said changing regulatory environments have made it difficult to continue its current business model.
Crypto data firm Dune cuts 25% of staff citing AI efficiencies
Dune CEO Fredrik Haga said the firm "let 25% of the team go this week" on X, in part citing its heavy investment in A…
Bitcoin Ordinals explorer Ord.io to shut down alongside trading app Zap
Bitcoin Ordinals browser Ord.io and its associated consumer app Zap will shut down on June 1, according to announceme…
StarkWare cuts staff, reorganizes into two units as it targets revenue
StarkWare is cutting staff and restructuring under two units as CEO Eli Ben-Sasson says the firm is "simply too big" …
Standard Chartered weighs integrating Zodia Custody with corporate bank arm: Bloomberg
Standard Chartered reportedly plans to integrate Zodia Custody's crypto custody business into its corporate bank divi…
Cosmos ecosystem’s Leap Wallet is shutting down
After the collapse of Terra, Leap Wallet pivoted to provide support for the wider multi-chain Cosmos ecosystem.
Zodia Markets CEO Usman Ahmad departs, co-founder Nick Philpott named interim CEO
Ahmad had led the firm since its founding in 2021, when it launched as a joint partnership between SC Ventures and OS…
Bitcoin Depot reshuffles leadership, projects 30% revenue drop in 2026
Bitcoin Depot names Alex Holmes CEO as Scott Buchanan resigns, and signals 30%-40% revenue drop amid regulatory press…
Crypto.com cuts around 12% of staff as CEO pushes enterprise-wide AI integration
Crypto.com cut 12% of its staff, or about 180 roles based on a prior headcount, as CEO Kris Marszalek pointed to an A…
Algorand Foundation cuts 25% of its workforce citing global macro uncertainty and crypto market downturn
The non-profit Algorand Foundation is the latest to cut staff amid rising macro uncertainty, crypto market stagnation…
Ethereum governance solution Tally used by Uniswap, Arbitrum and others is winding down
The Tally team has already begun working with enterprise clients to create continuation plans as it begins shutting d…
The Daily: Messari CEO steps down amid layoffs in ‘AI-first’ pivot, Mastercard to acquire BVNK for up to $1.8 billion, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Messari CEO steps down alongside mass layoffs in AI pivot
Several other crypto companies have recently conducted layoffs, including OP Labs, Block Inc., and Gemini exchange.
The Daily: SEC and CFTC sign crypto coordination pact, Ripple launches $750 million share buyback program, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Optimism’s OP Labs cuts 20% of staff to ‘do fewer things well’
OP Labs CEO and Optimism co-founder Jing Wang clarified that the layoffs were not driven by financial difficulties.
The Daily: Jack Dorsey’s Block cuts 40% of staff amid AI strategy, Barclays explores blockchain settlement, Senate Democrats urge Binance probe, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
ETHZilla stock climbs on Forum rebrand as firm pushes further into tokenized assets
ETHZilla’s ETH holdings have shrunk after multiple sales, including $40 million in October and $74.5 million in Dec…
Onchain analytics tool Parsec winding down operations
The onchain analytics startup, launched in early 2021, raised a $1.25 million seed round and a $4 million seed extens…