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Circle CEO Rebuts OUSD Pitch, Defends USDC's Network Effects After Stock Slide
Markets

Circle CEO Rebuts OUSD Pitch, Defends USDC's Network Effects After Stock Slide

Jeremy Allaire argued that stablecoin networks are winner-take-most businesses built over years, two days after the launch of the 140-plus-firm Open USD consortium sent Circle's stock down more than 17% in a single session.
Ethereum Institutional Launches as Independent Nonprofit to Court Banks and Asset Managers
Blockchains

Ethereum Institutional Launches as Independent Nonprofit to Court Banks and Asset Managers

A new nonprofit backed by BitMine, SharpLink and Joseph Lubin spins the Ethereum Foundation's institutional outreach work into an independent organization, the second such steward group the three backers have funded in ten days, as the Foundation itself shrinks.
New York Life Partners with Centrifuge on Tokenized Corporate Bonds
TradFi & Fintech

New York Life Partners with Centrifuge on Tokenized Corporate Bonds

New York Life Investment Management is tokenizing a high-yield corporate bond strategy for the first time, partnering with Centrifuge on the NYLIM Anemoy fund settled in USDC.
Lighter to Burn Repurchased LIT, Fund Staking from Ecosystem Reserve
Markets

Lighter to Burn Repurchased LIT, Fund Staking from Ecosystem Reserve

The perpetuals exchange will start burning the LIT it buys with revenue and tap its token reserve to keep staking yields flowing.
Machi Big Brother's Hyperliquid Losses Top $80M as He Sells Bored Apes for Margin
DeFi

Machi Big Brother's Hyperliquid Losses Top $80M as He Sells Bored Apes for Margin

The trader's latest Ethereum liquidation came without a fresh deposit to backstop it, a first in a months-long losing streak tracked onchain.
Phantom Hires Ventuals Founders After Hyperliquid Perps Venue Winds Down
DeFi

Phantom Hires Ventuals Founders After Hyperliquid Perps Venue Winds Down

The Solana wallet is bringing on the three-person team behind a pre-IPO perpetuals platform, deepening its push into derivatives.
Magic Eden, Founders Sued by $ME Buyers Over Broken 'Utility' Promises
DeFi

Magic Eden, Founders Sued by $ME Buyers Over Broken 'Utility' Promises

A nationwide class action in New York accuses the NFT marketplace and its four co-founders of marketing the token's use cases, then delaying or abandoning them as $ME fell roughly 99% from launch
Open Standard Unveils Open USD, a Bank- and Tech-Backed Stablecoin Governed by Its Users
TradFi & Fintech

Open Standard Unveils Open USD, a Bank- and Tech-Backed Stablecoin Governed by Its Users

A consortium of more than 140 financial and technology companies introduced Open USD, a dollar stablecoin whose reserve earnings and governance are designed to flow to the businesses that adopt it rather than to a single issuer.
ansem airdrop
DeFi

Ansem Airdrops $7M of $ANSEM Memecoin in Bid to Reach 1M Holders

The Solana influencer has sent roughly $6.7M in tokens to more than 700 wallets onchain, even as he controls about 60% of the supply.
Stream Finance Starts Collecting Creditor Claims in Step Toward 'Global Resolution'
DeFi

Stream Finance Starts Collecting Creditor Claims in Step Toward 'Global Resolution'

The collapsed yield protocol, whose November failure froze roughly $160 million in deposits and left an estimated $285 million owed across DeFi lending markets, is asking potential creditors to submit claim information through an online form