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Arbitrum Foundation Seeks $45M Funding as Delegates Question Spending Above DAO Revenue
Blockchains

Arbitrum Foundation Seeks $45M Funding as Delegates Question Spending Above DAO Revenue

The Foundation wants $16M in stablecoins, 1,740 ETH and 230M ARB for another year of operations. As a first vote opens, delegates and analysts say the request outpaces what the network earns and lacks performance milestones.
Sui Restarts After Back-to-Back Mainnet Halts Tied to Software Bug
Blockchains

Sui Restarts After Back-to-Back Mainnet Halts Tied to Software Bug

The Layer 1 blockchain blamed two stoppages in as many days on its 1.72 upgrade and said validators have now deployed a permanent fix. SUI slid about 15% in the past seven days.
CFTC Approves First US-Regulated Bitcoin Perpetual Futures
Regulation & Politics

CFTC Approves First US-Regulated Bitcoin Perpetual Futures

The agency approved Kalshi's BTCPERP contract, the first bitcoin perpetual on a registered U.S. exchange, and in a separate action cleared Coinbase to route customers to its offshore Deribit affiliate. Together the moves open an onshore path for a product long pushed abroad and raise the competitive stakes for dominant venues such as Hyperliquid.
ICE Chief Sprecher Calls Hyperliquid 'Bigger Than Nasdaq' as HYPE Run Draws TradFi Notice
DeFi

ICE Chief Sprecher Calls Hyperliquid 'Bigger Than Nasdaq' as HYPE Run Draws TradFi Notice

The founder of the company that owns the New York Stock Exchange praised the small decentralized exchange and its SpaceX pre-IPO market, even as ICE presses regulators over how to police perpetual futures.
Base Launches Azul Upgrade, Takes Step Toward Stage 2 Decentralization
Blockchains

Base Launches Azul Upgrade, Takes Step Toward Stage 2 Decentralization

The Coinbase-incubated layer-2 network activated multiproofs on mainnet, combining TEE and ZK proof systems to move closer to full decentralization while cutting empty blocks by 99%.
Tempo L1 Hits 3.9M Transactions in Two Months
Blockchains

Tempo L1 Hits 3.9M Transactions in Two Months

The payments-focused blockchain Tempo has settled 3.9M transactions across 177K addresses since mainnet launch in March, with stablecoin supply exceeding $25M and full Dune Analytics integration live.
Crypto Liquidations Near $1 Billion in 24 Hours as Leverage Unwinds
Markets

Crypto Liquidations Near $1 Billion in 24 Hours as Leverage Unwinds

Nearly $934 million in crypto positions liquidated across 167,400 trader accounts, with Bitcoin and Ethereum taking the heaviest losses amid market volatility.
Vitalik Buterin Endorses Interfold, Privacy Protocol for On-Chain Voting and Secret Auctions
People

Vitalik Buterin Endorses Interfold, Privacy Protocol for On-Chain Voting and Secret Auctions

Ethereum co-founder Vitalik Buterin highlighted Interfold, a privacy protocol combining zero-knowledge proofs, fully homomorphic encryption, and threshold encryption for secure on-chain voting and auctions.
Cash App Goes Live With Fee-Free USDC Transfers, Framing Stablecoins as a Path to Bitcoin
TradFi & Fintech

Cash App Goes Live With Fee-Free USDC Transfers, Framing Stablecoins as a Path to Bitcoin

Block's payments app, home to 59 million monthly active users, now supports sending and receiving USDC across four blockchain networks with no wallet setup required, even as Jack Dorsey admits he doesn't like it.
OpenZeppelin Pushes Back After Ex-CTO Declares All of DeFi Unsafe
Hacks

OpenZeppelin Pushes Back After Ex-CTO Declares All of DeFi Unsafe

The smart contract security firm distanced itself from Manuel Aráoz's warning that AI coding agents have made DeFi impossible to defend, calling the threat real but manageable.