Inside the ION Collapse: What Went Wrong with Ice Open Network?
TL;DR: Ice Open Network’s CEO said the ION collapse came from one long-term backer exiting after token unlocks, not from selling by the core team. He
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Tradeweb Brings Real‑Time ETF Fair Value Data to the Pyth Network
TL;DR: Tradeweb will act as an official data provider for the Pyth Network, offering indicative Net Asset Value (iNAV) for approximately 1,000 global ETFs. The integration
American Bankers Association Pushes Back on White House Report Defending Stablecoin Yield
TL;DR: The American Bankers Association challenged a White House CEA report that said stablecoin yield does not harm banks and banning it would hurt consumers. The
Scroll Faces Mounting Pressure as It Cuts Security Council and Scales Back DAO
The Ethereum Layer 2 network, Scroll, has proposed dissolving its Security Council and drastically reducing contributor roles within its DAO. According to a statement published by
Silo v3 Debuts on Injective With Money Markets Built to Survive Liquidity Shocks
Silo Finance launched its onchain credit markets on Injective through its v3, a lending architecture that introduces a design of risk-isolated markets and a solvency guarantee mechanism called Collateral Debt Swap
Kraken Refuses to Pay Extortionists After Data Breach: “We Will Not Fund Criminals”
This Monday, Kraken went public with an extortion attempt it recently fell victim to. The exchange reported that a criminal group threatened to leak customer data.
Jito and KODA Sign MOU Targeting Wider Institutional Adoption of JitoSOL Across Korea
Jito Foundation signed a memorandum of understanding with KODA (Korea Digital Asset Co., Ltd.), South Korea’s largest digital asset custody provider, to expand institutional access to JitoSOL in the Korean
Crypto.com Joins UFC Freedom 250 Celebration Honoring America’s 250th Birthday
Crypto.com and the UFC announced a partnership for the UFC Freedom 250 event, to be held on June 14 at the White House and co-presented by the platform. The
$221M in Token Unlocks Hit the Market With Connex, Arbitrum, and RAIN at the Front
TL;DR: Connex and Arbitrum Leadership: Connex releases $15.95 million in tokens, while Arbitrum injects $10.65 million (96 million ARB) into the supply. RAIN and Solana Dominance:
WLFi Issues 25M USD1 and Executes 3M Burn Through TokenGovernor Contract
World Liberty Financial (WLFI) minted 25 million USD1 tokens and simultaneously burned 3 million, generating a net increase of $22 million in the circulation of its stablecoin. The
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