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‘Polkadot Is Kind of Done.’ The Once Hyped Layer 0 Faces Falling Usage, and Controversy
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.
Kalshi Officially Confirms $1B Raise at $22B Valuation
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.
Crypto Markets Slide While S&P 500 Notches Fresh Record on Iran Peace Hopes
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.
Kraken's Parent Company Acquires Stablecoin Payments Firm Reap for $600M
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.
Bitwise to Take Over Superstate's $267M Tokenized Crypto Carry Fund
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.
1inch Resolver TrustedVolumes Drained for $6.7M on Ethereum
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.
Gnosis Treasury Redemption Vote Swings as Whale Counters Cofounder
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.
Kraken Launches Spot Margin Trading for US Clients
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.
Bitcoin Hits 3-Month High As Iran Truce Holds
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.
Zcash Rallies 30% on Multicoin Investment News
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."