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The Daily: Binance pays $283 million in compensation following Friday’s depegs, bitcoin recovers above $114,000 as crypto market stabilizes after historic wipeout, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Ripple and Immunefi launch ‘Attackathon’ aimed at securing proposed XRPL lending protocol
The protocol is expected to go to a validator vote later this year, introducing pooled lending and underwritten credi…
Hyperliquid founder criticizes CEXs for underreporting liquidation data after market wipeout
Jeff Yan, co-founder of Hyperliquid, said that some centralized exchanges may have underreported liquidation data by …
Akash Network to deprecate its Cosmos chain, begin search for new network
Akash will deprecate its Cosmos-based app chain and evaluate a new base network, potentially outside Cosmos, with Sol…
Binance to pay $283M compensation for market chaos as BNB reaches new $1.3k ATH
BNB, the native token of Binance’s ecosystem, climbed to a record high of $1,355 following a turbulent weekend that…
Hyperliquid to activate HIP-3 upgrade enabling permissionless perp market creation
Hyperliquid is set to enable HIP-3 in its network upgrade later today, according to the project's Discord announcement.
Crypto.com CEO urges regulators to probe exchanges with the most liquidations
Crypto.com CEO Kris Marszalek urged regulators to investigate exchanges that saw the most liquidations during the lar…
Binance pays $283 million in compensation following Friday’s depegs, covering user losses
The exchange also batted away claims that a targeted attack on Binance led to the broader asset crash, arguing the de…
Binance to compensate some users after several markets depeg: ‘There are no excuses’
Losses due to price movements and unrealized profits are not entitled to compensation, according to Binance executives.
Total crypto market cap tanks over 9% following Trump’s latest round of retaliatory tariffs on China
The crypto market capitalization shed at least $125 billion when Trump first threatened countermeasures earlier on Fr…
The Daily: Kalshi raises $300M at a $5B valuation, bitcoin miners’ power capacity is giving them an edge in AI, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Arcium-powered privacy protocol Umbra receives $155 million in ICO commitments on MetaDAO
The Arcium-powered project attracted more than 10,000 participants, exceeding its $750,000 minimum target by more tha…
Coinbase and Mastercard in $2 billion bidding race for stablecoin firm BVNK: report
Citing sources familiar with the matter, Fortune reported that Coinbase appears to be closer to winning the deal than…
Solana treasury company Sharps Technology taps Coinbase for custody, liquidity, and OTC trading support
The firm now holds over 2 million SOL tokens, in line with other Solana DATs like Helius, DeFi Development Corp., and…
The Daily: BlackRock’s 800,000 BTC haul, PayPay’s 40% stake in Binance Japan, JPMorgan’s modest Solana ETF inflow call, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Kraken expands access to traditional CME contracts like oil and gold
The move is part of the exchange's strategy to offer an all-in-one trading experience as it gears up for a potential …
Coinbase brings DEX trading to US users as CEXs go DeFi
Coinbase has introduced decentralized trading to nearly all its U.S. customers, broadening access to one of its most …
PayPay acquires 40% stake in Binance Japan to bridge crypto and digital payments
PayPay has acquired a 40% equity stake in Binance Japan as part of a capital and business alliance.
Coinbase integrates DEX trading within its exchange for US users on Base network
Coinbase first teased the DEX feature in August, and the trading service officially went live on Wednesday.
Coinbase is hiring a ‘token & governance research specialist’ for its Base team
Coinbase’s Base team is hiring a “token & governance research specialist,” suggesting formal token and decentra…
Deutsche Bank to provide banking services for NYSE-listed crypto exchange Bullish
Bullish tapped Deutsche Bank to provide fiat deposits and withdrawals services for the exchange’s Hong Kong and Ger…
Ethena and Jupiter partner to launch native Solana stablecoin JupUSD
As part of the arrangement, Jupiter plans to “progressively convert” about $750 million of USDC from its Liquidit…
Will Apple give governments Bitcoin private key backups via $80M iCloud backdoor?
The United Kingdom is weighing measures that could compel Apple to provide access to some iCloud data, raising a prec…
DCG’s decentralized AI subsidiary Yuma hires TradeBlock co-founders to C-Suite
TradeBlock had a preexisting relationship with DCG, one of the largest crypto conglomerates, and Axoni, a blockchain …
Gemini stock projected for 25% upside driven by crypto reward card ‘flywheel’ and EU license
Analysts are split between buy and hold ratings, with KBW warning Gemini may remain unprofitable through the forecast…
Bulls exit exchanges at record levels. Bitcoin God candle squeeze incoming?
Bitcoin’s exchange withdrawals have climbed to their highest sustained level since 2022, even as the asset trades n…
Hyperliquid NFT airdrop rockets Hypurr to $300 million market cap
Hypurr’s $300 million market cap and soaring floor price reflect expectations it will serve as a high-signal loyalt…
North Korean Hackers Have Stolen Over $2 Billion This Year: Elliptic
North Korea’s crypto theft spree has already hit a record $2 billion in 2025, nearly triple last year’s total.
NYSE parent firm eyes $2 billion investment in Polymarket: WSJ
ICE is in advanced talks to invest $2 billion in Polymarket, potentially valuing the platform between $8 billion and …
Ethereum Fusaka Upgrade Set To Redefine ETH Performance — Here’s What to Expect
Ethereum is entering its next phase of evolution with the Fusaka upgrade. With more than just another technical itera…