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DeFi
SummerFi to Wind Down After Seven Years, Citing Exploit
Aave founder Stani Kulechov called the DeFi access point 'an OG' as its team said it would sunset the UI.

CeFi
eToro Takes Strategic Stake in Onchain Derivatives Exchange Extended, Plans Zengo Tie-Up
eToro has become a strategic investor in Extended, an onchain perpetual futures exchange, and said the round begins a partnership with Zengo, the self-custody wallet eToro acquired earlier this year. Neither company disclosed the investment size.

Blockchains
NEAR Governance Votes to Scrap Developer Gas Rebate
NEAR's on-chain governance body, House of Stake, passed proposal HSP-027 to eliminate the protocol's developer gas rebate, a change that will send all network gas fees to be burned rather than partly rebated to smart-contract owners. NEAR co-founder Illia Polosukhin confirmed the outcome Monday,…

TradFi & Fintech
BitMine Adds $73 Million in ETH, Pushing Holdings to 4.8% of Supply
BitMine Immersion Technologies (NYSE: BMNR), the Ethereum treasury company chaired by Fundstrat's Tom Lee, bought 42,197 ETH worth roughly $73 million over the past week, according to the company's own holdings update posted Monday. The purchase lifts BitMine's total to 5,742,237 ETH, about 4.8% of…

NFTs & Web3
YGG Play Shuts Down Services as Yield Guild Pivots to AI Data
Yield Guild's own sunset document retires the YGGPlay.fun site, Launchpad and questing platform by August 1, while GIGACHADBAT and Ragnarok Breaker continue under Delabs Games and Planetarium Labs.

DeFi
Metronome Discloses $15.7 Million Synth Shortfall, Blames Oracle Lag in Swap Module
MetronomeDAO says 6,367 msETH and 4.57 million msUSD lack backing after years of "unbacked float" accumulated through Chainlink price-feed latency; the treasury has staged $34 million in defensive positions to close the gap.
CeFi
Coinbase Says Revenue From Its Base Layer 2 Fell Despite Record Volume
Coinbase's Q2 filings show sequencer revenue from Base declined even as stablecoin transaction volume on the network grew sevenfold year-over-year.
Markets
Bitcoin Lags Stock Rally After Hawkish Fed Hold
BTC slipped 2.5% Friday as equities surged, closing a July in which the Fed's fifth straight hold and 3.7% PCE inflation shut the door on near-term rate cuts. Uniswap led weekly gainers; Worldcoin sank.

Tokens
Polygon Turns Kansai Electric Loyalty Points Into JPYC Spending
Rewards earned in the utility giant's MOACT app now convert into Japan's regulated yen stablecoin, usable across DeFi through HashPort Wallet.
NFTs & Web3
ENS Scales Back Plan to Move DAO Treasury Control to New Foundation
The executable draft adds Security Council oversight of Endowment transactions and narrows the Foundation's initial token grant to 1 million ENS after delegates called the earlier plan a "governance attack."




