The exploit targeted a bridge operated by derivatives exchange AFX and emptied nearly all of the USDC locked in the contract, according to security firm Blockaid. Arbitrum co-founder Steven Goldfeder said the network's native bridge was not affected.

Coinbase, the Blockchain Association and the DeFi Education Fund urged the Senate to pass the 616-page merged draft, while Sen. Angela Alsobrooks called its DOJ-led ethics enforcement "wild and unserious and stone-cold crazy."

Ondo, Backed Finance, and Robinhood Chain all set all-time highs in tokenized equity holdings this week, while dYdX's new Arcus exchange posted record perps volume — signs the market for onchain stocks is scaling on multiple fronts at once.

The Arbitrum Orbit network posted 324,000 daily active users and a record $588.9 million in TVL on July 21, edging out Coinbase's L2 on activity — though memecoins, not the tokenized stocks it was built for, are driving most of the volume.

Positions will be marked to the live market price at reopen, and new OLP liquidity-provider deposits stay paused as the protocol works through recovery.

Bitcoin reclaimed $66,000 after reports that the White House circulated agreed-upon ethics-provision language to Senate Republicans, removing the main obstacle to a floor vote before the August recess.

The company behind the MOVE token filed a voluntary petition in Delaware listing up to $10 million in liabilities, capping a year of governance disputes, a market-making scandal and a failed strategic pivot.

The Telegram founder is putting private-key custody inside the core app this summer, a distribution reach no self-custody wallet has attempted.

Ondo Stocks holders can now back perpetual futures positions with SPYon and QQQon, subject to an initial $100,000 per-asset notional cap.

The Solana launchpad's co-founder says the change adds about 20% liquidity to each newly migrated coin, with all figures the company's own projections.