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Trump Says CFTC Working to Onshore Hyperliquid
Regulation & Politics

Trump Says CFTC Working to Onshore Hyperliquid

The president said CFTC Chair Michael Selig is working to bring the geoblocked perpetual futures venue into the US "in a fully compliant and legal fashion," sending HYPE and Hyperliquid Strategies shares up and CME and Cboe down.
How Maple Finance Became the #2 Crypto Lender Behind Tether — Sid Powell Explains
Podcast

How Maple Finance Became the #2 Crypto Lender Behind Tether — Sid Powell Explains

Sid Powell, CEO and co-founder of Maple Finance, joins Chris Storaker on the Converge Podcast
Bitcoin Tops $68,000 as Short Liquidations Hit $1.7 Billion
Markets

Bitcoin Tops $68,000 as Short Liquidations Hit $1.7 Billion

Ether gained 9% and total crypto market value rose 5.1% after the U.S. Treasury said it would at least double the size of its long-dated bond buybacks. Short positions accounted for 91% of the day's liquidations.
HSBC and Standard Chartered Complete First Live Transaction on Swift Blockchain Ledger
TradFi & Fintech

HSBC and Standard Chartered Complete First Live Transaction on Swift Blockchain Ledger

Swift’s ledger matched and netted obligations recorded on the banks’ separate platforms, but final settlement still ran through existing systems.
Maya Protocol Exploit Drains $1.7 Million From Shared Liquidity
Hacks

Maya Protocol Exploit Drains $1.7 Million From Shared Liquidity

Founder Aaluxx said he would ‘work to fix and recover in full,’ while routing service LeoDex reported that Maya had activated a global halt.
Gnosis Chain to Abandon Its Validator Set and Settle to Ethereum
Blockchains

Gnosis Chain to Abandon Its Validator Set and Settle to Ethereum

GnosisDAO approved a strategic shift from standalone Layer 1 to an Ethereum-settled rollup, unlocking about 350,000 GNO and ending treasury-funded staking rewards.
Hayden Adams Says AMMs Will Win The Biggest Markets. A Former XTX Trader Says They're Going To Zero
DeFi

Hayden Adams Says AMMs Will Win The Biggest Markets. A Former XTX Trader Says They're Going To Zero

The Uniswap founder's first blog post since 2019 argues tokenized stocks will trade against index funds instead of dollars. The replies split between investors who called the thesis disruptive and traders who asked who would want to sell NVIDIA for SPY.
Aligned Details ALIGN Airdrop 20 Months Later
Tokens

Aligned Details ALIGN Airdrop 20 Months Later

The ZK infrastructure firm set unlock schedules and claiming networks for 8.74% of supply. It has not dated the token launch, and the site it built for its public auction now says the sale was canceled.
Tenev Pushes for Tokenized Stocks in America
TradFi & Fintech

Tenev Pushes for Tokenized Stocks in America

The Robinhood CEO published a case for US equity tokenization five days after the SEC shelved its innovation exemption for a second time.
SEC Proposes Token Offering Rules With $75 Million Exemption
Regulation & Politics

SEC Proposes Token Offering Rules With $75 Million Exemption

The proposal pairs two registration exemptions with a conditional safe harbor that would take the "investment contract" label off a token, and preempts state securities law. All three sitting commissioners backed it in a vote held outside a public meeting.