Uniswap Foundation released its Q1 2025 financial report of $140.3 million of revenue in the form of donations, dividends, and interest income. The decentralized exchange protocol foundation issued new grants of $12.4 million during the quarter and also has substantial reserves to sustain operations and development through January 2027. Uniswap hands out $12.4m in fresh … Read more
Cetus is offering a $6 million white hat bounty in an effort to recover $220 million in stolen digital assets, while emergency responses from the Sui Network have raised concerns about decentralization. Sui-native decentralized exchange (DEX) Cetus was exploited for over $220 million worth of cryptocurrency on May 22. However, Cetus managed to freeze $162 … Read more
The Philippines is now openly weighing whether to slash its holdings of US Treasuries, following the credit downgrade of the United States by Moody’s Ratings, according to statements made by Eli Remolona, Governor of the Bangko Sentral ng Pilipinas (BSP), during a Friday press briefing. “We’re looking at it,” Eli said when asked if cutting … Read more
Open Interest jumped 31.3% as funding flipped positive, showing strong long trader conviction. Short liquidations worth $1.64M reflected seller exhaustion near the $4.18 breakout zone. Sui [SUI] has achieved a significant on-chain milestone as its Total Value Locked (TVL) soared to a record $2.2 billion on the 22nd of May 2025. This represents a 222% … Read more
R3 announced a strategic collaboration with the Solana Foundation aimed at merging public and private blockchain networks to enhance institutional access to digital capital markets. This partnership will leverage R3’s enterprise-grade private blockchain technology alongside solana’s high-performance public mainnet, facilitating the integration of regulated financial institutions with tokenized real-world assets (RWAs). The initiative is expected … Read more
Arthur Hayes warns that a joint stablecoin venture by major US banks could spell the end for Circle’s USDC dominance. The GENIUS Act opens the door for regulated bank-issued stablecoins, threatening crypto-native projects. A banking-backed stablecoin could shift stablecoins from decentralization to institutional control. Arthur Hayes, the co-founder of BitMEX and a long-standing voice in … Read more
It’s safe to say that the surge in stablecoin adoption has not gone unnoticed by the banks. Several of the largest banks in the US are reportedly in early talks to launch a joint stablecoin, aiming to challenge the popularity of crypto and digital payment solutions. “The conversations have so far involved companies co-owned by … Read more
Hyperliquid, a decentralized perpetuals exchange operating on its own layer-1 blockchain, has submitted formal comments on 24/7 derivatives trading to the United States Commodity Futures Trading Commission (CFTC). In a May 23 X post, Hyperliquid Labs announced that it has “submitted two comment letters to the [CFTC] in response to its recent Requests for Comment … Read more
In a significant development for the cryptocurrency sector, major Wall Street banks are planning to enter the stablecoin market. JPMorgan, Citigroup, Bank of America, and Wells Fargo are reportedly collaborating on a new stablecoin initiative, signaling a major shift in the industry landscape. This joint venture aims to introduce a novel competitor to existing stablecoin … Read more
Key Notes MOODENG price has climbed 700% in the past 15 days, reaching $0.32 with a 138% surge in daily trading volume to $830 million. Futures open interest for MOODENG and MEW has spiked significantly, with MOODENG up 45% to $300 million and MEW rising 125% to $72 million. Meme coins are reflecting greater strength … Read more