Syndicate Labs Shuts Down After Five Years, Citing a Shrinking Rollup Market
TL;DR: Syndicate Labs announced the cessation of its operations after five years, citing the contraction of the Ethereum rollups market. The company raised $20 million in
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Fantasy.top to Shut Down after Two-year Onchain Card Run
0xKipit said that Fantasy.top is shutting down after roughly two and a half years of operations. In the X post, the team said every pre-seed and
Drift Faces Backlash After Insurance Fund Withdrawal Update
The Drift Protocol team announced that depositors of its Insurance Fund will be able to withdraw their capital once the platform formally restarts. The update comes
Jupiter Unveils Metis V8 Router, Promising To Eliminate Quote-Execution Drift
Jupiter, Solana’s leading DeFi superapp, has introduced Metis V8, a critical upgrade to its primary swap router. According to the development team, this new version is
Securitize Posts Record Q1 Revenue With $3.4 Billion In Tokenized Assets Under Management
TL;DR:Â The digital infrastructure firm Securitize reported revenues of 19.5 million dollars at the close of the first quarter of 2026, representing an annual increase of
USDT Gains $5B As Rival Stablecoins Lose $4.2B, Strengthening Tether’s Dominance
TL;DR: The global stablecoin market consolidated exceeded the total capitalization threshold of 300 billion dollars during the month of May 2026. The circulation of Tether’s USDT
South Korean Funeral Firm Loses $33M In Risky Bitmine ETF Bet Using Customer Funds
TL;DR: The firm Bumo Sarang accumulated unrealized losses of 49.3 billion won at the close of the year 2025 due to its financial exposure in an
Ripple Executive Urges Crypto Protections For 67 Million Americans Under Clarity Act
Ripple’s Chief Legal Officer, Stuart Alderoty, stated that the market structure bill Clarity Act seeks to protect the interests of 67 million crypto users in the
Flipcash Launches USDF Stablecoin With Coinbase Infrastructure Support
The community currency application Flipcash introduced USDF, a proprietary branded stablecoin. It will be powered directly by Coinbase’s Custom Stablecoin platform, marking a major milestone in
Tokenized ETF Adoption Surges As Holder Count Reaches Record High
TL;DR The number of unique holders of tokenized ETFs climbed to a record 44,400 on May 20, marking an 11,803% increase from just 373 wallets a
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