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SummerFi to Wind Down After Seven Years, Citing Exploit
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.
eToro Takes Strategic Stake in Onchain Derivatives Exchange Extended, Plans Zengo Tie-Up
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.
NEAR Governance Votes to Scrap Developer Gas Rebate
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,…
BitMine Adds $73 Million in ETH, Pushing Holdings to 4.8% of Supply
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…
YGG Play Shuts Down Services as Yield Guild Pivots to AI Data
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.
Metronome Discloses $15.7 Million Synth Shortfall, Blames Oracle Lag in Swap Module
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.
Coinbase Says Revenue From Its Base Layer 2 Fell Despite Record Volume
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.
Bitcoin Lags Stock Rally After Hawkish Fed Hold
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.
Polygon Turns Kansai Electric Loyalty Points Into JPYC Spending
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.
ENS Scales Back Plan to Move DAO Treasury Control to New Foundation
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."