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Blockchains
‘Polkadot Is Kind of Done.’ The Once Hyped Layer 0 Faces Falling Usage, and Controversy
Former Polkadot insiders report lack of direction and support from leadership, treasury overspending, and even failure to pay contributors for their work.

CeFi
Kalshi Officially Confirms $1B Raise at $22B Valuation
Kalshi's co-founder said the new capital will be used to accelerate that institutional adoption.

Markets
Crypto Markets Slide While S&P 500 Notches Fresh Record on Iran Peace Hopes
Strategy's Q1 earnings call signaled a departure from Saylor's "never sell" mantra, with Bitcoin slipping below $81,000 in the aftermath.

CeFi
Kraken's Parent Company Acquires Stablecoin Payments Firm Reap for $600M
The deal is payable in cash and stock and values Payward at $20 billion.

DeFi
Bitwise to Take Over Superstate's $267M Tokenized Crypto Carry Fund
Bitwise will become the investment manager of USCC on June 1, marking its first tokenized fund and Superstate's second handoff to a major asset manager this year.

DeFi
1inch Resolver TrustedVolumes Drained for $6.7M on Ethereum
Blockchain security firm Blockaid linked the exploit to the same operator behind the March 2025 1inch Fusion V1 incident, though it stems from a different vulnerability.

DeFi
Gnosis Treasury Redemption Vote Swings as Whale Counters Cofounder
Votes in favor of a redemption proposal that would let GNO holders claim roughly $170 per token from a $223M treasury have retaken the lead on Snapshot.

CeFi
Kraken Launches Spot Margin Trading for US Clients
Retail users can now post crypto as collateral and trade with up to 10x leverage on Kraken Pro.

Markets
Bitcoin Hits 3-Month High As Iran Truce Holds
BTC hit an intraday high of $82,800, even as Strategy's chairman opened the door to selling Bitcoin to fund preferred dividends.

Markets
Zcash Rallies 30% on Multicoin Investment News
The crypto VC's co-founder said the firm has been buying ZEC since February, and has "built a significant position."





