Latest

Markets
HYPE Spot ETFs Log First Weekly Outflow Since May
Bitcoin and Ethereum funds pulled in a combined $181 million over the same week as HYPE's nine-week inflow streak broke.
Tokens
'Coinbase Man' Token Crashes as Armstrong Swaps His Avatar for a CryptoPunk
Coinbase CEO Brian Armstrong set his X profile picture to the artwork behind a Base memecoin, then replaced it with a newly acquired CryptoPunk. The $BRIAN token round-tripped from obscurity to millions and back, a stark test of how far one social cue can move an onchain market.

DeFi
Tokenized Stock Lending TVL Reaches $23M as DEX Volume Climbs
Token Terminal data shows QQQ and SPY trackers gaining onchain trading and collateral use, but the totals remain a rounding error next to broader DeFi.

Tokens
CASHCAT Falls 75% from Peak After Hyperliquid Perp Listing
The Robinhood Chain memecoin's slide has erased most of a 4,000% run, even as its spot price held through a 60% perp wick that liquidated leveraged traders.

Hacks
Ostium Vault Exploiter Routes 10,540 ETH to Tornado Cash
Blockchain security firm PeckShield now puts the drain on Arbitrum perpetuals protocol Ostium at roughly $24M, above the up-to-$18M first estimated.

People
Polygon Labs Cuts Staff Again as It Closes Coinme Deal
CEO Marc Boiron said the reductions, the company's second round in 2026, accompany a shift from a blockchain foundation to a blockchain-enabled payments company.

DeFi
Dune Study for 1inch Finds 85% of Concentrated Liquidity Idle
The onchain research, which 1inch commissioned, estimates out-of-range positions forgo about $150M a year in fees across seven chains.

TradFi & Fintech
Ondo Finance Partners With SBI to Tokenize Japanese Assets
The deal routes distribution through SBI's ecosystem and settles in the group's JPYSC yen stablecoin, connecting Japan's capital markets to onchain finance.

Regulation & Politics
CFTC Orders Kalshi to Honor Trades a Michigan Court Told It to Cancel
The regulator stayed a Kalshi rule change and invoked emergency authority, calling the first state attempt to void executed derivatives trades unprecedented.

People
Coinbase's Jesse Pollak Hands Base App to Cobie, Says Social Bet Was 'Definitively Wrong'
The Coinbase executive is refocusing the largest Ethereum Layer 2 on trading, payments and AI agents after conceding its onchain-social push failed