Latest

TradFi & Fintech
Ondo’s Oasis Pro Markets Joins DTCC’s Fund/SERV Processing Network
The standardized connection replaces bespoke links to fund counterparties; the joint release named no specific Ondo product or transaction start date for Fund/SERV.

Regulation & Politics
Crypto Industry Points to SEC and CFTC After CLARITY Setback
Trade groups and executives responded to the Senate blocking the CLARITY Act by pointing at agency rulemaking, saying the SEC and the CFTC can keep writing crypto rules without the bill. Several framed the loss as one of permanence, since a future agency chair can rewrite a rule and repealing a statute takes another act of Congress. Mark Warner, one of the seven Democrats who negotiated the bill, said the president's ability to profit from crypto was what made it impossible for him to vote yes.

DeFi
Kraken Parent Plans Permissioned Hyperliquid Perps for US Traders
Bitnomial would deploy, administer, clear and settle the proposed markets, while NinjaTrader Clearing would carry approved customer accounts.

DeFi
Aave Labs Plans A Tokenized-Asset Credit Market On Avalanche With Tether's USA₮
The Aave V4 RWA Hub would let institutions borrow USA₮ against tokenized collateral on Avalanche. The hub and the USA₮ listing both go to an Aave DAO vote, and the release gives no launch date.

Blockchains
Circle Launches Arc Mainnet With BlackRock, DTCC and Visa Producing Blocks
The Layer 1 charges gas in USDC and runs proof-of-authority across a permissioned set of 11 institutions plus Circle. More than 100 applications are live at launch, with Aave, Morpho and Uniswap anchoring DeFi. Circle minted 10 billion ARC tokens this week without committing to a public launch.

Regulation & Politics
Senate Blocks CLARITY Act 49-50 With No Democratic Votes to Proceed
Cloture on the motion to proceed to H.R. 3633 fell 11 votes short of the 60 it needed. All 49 votes to proceed came from Republicans. Collins, Hawley, Moran and Tillis voted no, and Tillis voted no to preserve the right to move to reconsider, which he did a minute after the result was announced. Polymarket cut the odds of the bill becoming law this year to 6.5% from 29.5% on Monday.

DeFi
0x Says Uniswap v4 Hooks Were A Mistake, Hayden Adams Says "Skill Issue"
The DEX aggregator found 54.2% of the 84,163 hooks it analyzed were malicious. Uniswap's founder and Paradigm's Dan Robinson said the failure is in 0x's routing.

Hacks
MEV Bot Front-Runs $7.8 Million rsETH Exploit on Ethereum
Yoink sent 2,882.37 rsETH to one address after its transaction beat the original attack into the same Ethereum block.

People
Kamino Names Michael Weisz CEO for US and Institutional Expansion
The Solana lending protocol has $1.35 billion in TVL and $1.02 billion in active loans, according to DefiLlama.

Markets
Bitcoin Falls Below $76,000 as Traders Cut CLARITY Act Odds Hours Before Senate Vote
Polymarket priced the odds of the bill becoming law this year at 12.5% on Tuesday morning, down from 29.5% on Monday afternoon, ahead of a cloture vote scheduled for 2:15 p.m. Ninety-five of the 124 largest non-stablecoin tokens fell as the Federal Reserve opened a two-day meeting with a quarter-point increase priced at 86.5%.





