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Degen Chain Back Online After 50-Hour Outage 
Blockchains

Degen Chain Back Online After 50-Hour Outage 

The price of DEGEN has crashed 22% since May 12 amid the downtime.
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S&P Global Rankings Urges Asset Managers To Embrace Tokenization
TradFi & Fintech

S&P Global Rankings Urges Asset Managers To Embrace Tokenization

The esteemed credit rating agency argued that using public blockchains for tokenization offers significant efficiency benefits over legacy financial architecture.
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 broken locks, scattered digital fragments, and chaotic lines
DeFi

Sonne Finance Suffers $20 Million Exploit

The Optimism-based lending protocol has paused operations.
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dollar bills stacking up, glowing in neon green
DeFi

Infinex Attracts $60 Million of Deposits in Two Days

Users can deposit USDC on multiple chains to earn Governance Points.
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Avara Announces Lens Network L2 Leveraging ZK Stack
DeFi

Avara Announces Lens Network L2 Leveraging ZK Stack

Lens Network will host a new deployment of Lens Protocol.
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 large, downward-trending arrows and plummeting bar graphs
Markets

Crypto Markets Drop Ahead of U.S. Inflation Data

Cryptocurrency stocks reversed premarket losses.
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Lido Proposes Alliance Promoting stETH-Based Restaking Ecosystem
DeFi

Lido Proposes Alliance Promoting stETH-Based Restaking Ecosystem

Lido has suffered multiple months of outflows as liquid restaking protocols grow.
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stylized game controller and upward-trending arrows, combined with a cartoonish figure representing RoaringKitty
Markets

Gamestop and Memecoins Rally as RoaringKitty Returns

GameStop stock is up 69% on the day as related memecoins soar.
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Pudgy Penguin characters as toys, glowing in neon colors like blue, white, and yellow, arranged on shelves
NFTs & Web3

Pudgy Penguins Puts Toys In Target Stores

The NFT company has sold over one million Pudgy Toys since launching last year.