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CFTC Orders Kalshi to Honor Trades a Michigan Court Told It to Cancel
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.
Coinbase's Jesse Pollak Hands Base App to Cobie, Says Social Bet Was 'Definitively Wrong'
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
1inch Co-Founder Anton Bukov Launches Second Tier After Exit He Calls a Firing
People

1inch Co-Founder Anton Bukov Launches Second Tier After Exit He Calls a Firing

Bukov says he was fired and no longer oversees the architecture and security he ran; 1inch disputes the account, saying he contributed to a team effort and was never an employee it could fire.
SummerFi to Wind Down After Seven Years, Citing Exploit
DeFi

SummerFi to Wind Down After Seven Years, Citing Exploit

Aave founder Stani Kulechov called the DeFi access point 'an OG' as its team said it would sunset the UI.
Ostium Halts Trading After Oracle Exploit Drains up to $18M from Vault
Hacks

Ostium Halts Trading After Oracle Exploit Drains up to $18M from Vault

Blockaid says an attacker used a registered price-feed forwarder and future-dated oracle reports to book fake trading profits, in the latest exploit to target the automated infrastructure DeFi protocols lean on for pricing.
DTCC Starts Live Tokenized-Securities Trades With More Than Two Dozen Firms
TradFi & Fintech

DTCC Starts Live Tokenized-Securities Trades With More Than Two Dozen Firms

The company that settles most US stock trades is running its first production trades of tokenized real-world assets, with a full service launch set for October.
Stripe's $53B PayPal Bid Would Combine Bridge and PYUSD Under One Owner
TradFi & Fintech

Stripe's $53B PayPal Bid Would Combine Bridge and PYUSD Under One Owner

The unsolicited offer from Stripe and Advent International, if PayPal accepts, would consolidate two of the mainstream payments industry's stablecoin operations.
Argentine Judge Orders ID, Freeze of 25 LIBRA-Linked Crypto Wallets
Regulation & Politics

Argentine Judge Orders ID, Freeze of 25 LIBRA-Linked Crypto Wallets

The order targets holders at Binance, Bybit, OKX and Bitfinex, but analyst Fernando Molina says no funds have actually been frozen yet.
Prism Relaunches on New Contract After Exploit Diverted Nearly 40% of Fees
Hacks

Prism Relaunches on New Contract After Exploit Diverted Nearly 40% of Fees

A pseudonymous team is redeploying the Uniswap v4 token that pays fees to everyone who holds it, after a bad actor created 2,500 'phantom' fee positions. The original token has crashed more than 90% in a day.
Builder-Deployed Markets Overtake Crypto on Hyperliquid
DeFi

Builder-Deployed Markets Overtake Crypto on Hyperliquid

The venue's HIP-3 markets for stocks, commodities and indices first topped its native crypto volume on July 8 and have led on several trading days since — though they fade on weekends, and single-name stocks alone still trail crypto