Latest

DeFi
Hyperliquid-Based Ventuals Winds Down On-Chain Pre-IPO Markets
Ventuals froze its OpenAI and Anthropic pre-IPO markets at 24-hour average prices and is returning deposited HYPE to users as the team folds into another Hyperliquid-ecosystem project.

Hacks
Aztec Connect Drained of $2.1M Through Deprecated Contract Three Years After Shutdown
An attacker exploited a proof-verification flaw in Aztec Connect's abandoned RollupProcessorV3 contract to withdraw roughly $2.1 million, including 909 ETH, from a privacy bridge that Aztec Labs shut down three years ago and can no longer control.

Hacks
Thetanuts Finance: $2.1M Attack, Partial White-Hat Recovery
The on-chain options and structured product protocol Thetanuts Finance was exploited for $2.1 million. Security firm Blockaid published the exploit transaction and exploiter address shortly after the attack.

DeFi
Exodus Puts 200-Plus Tokenized Stocks and ETFs Inside Its Self-Custody Wallet via Ondo
The partnership routes Ondo Global Markets equity tokens into Exodus's non-custodial app on Solana, putting a full tokenized-equity menu inside a self-custody wallet. US users are excluded.

CeFi
Strategy Buys 1,587 Bitcoin for $100M Below Its Blended Cost Basis, Lifting Stack to 846,842 BTC
Michael Saylor's firm paid an average $63,024 a coin this week, roughly 17% under the $75,656 it has paid across its entire 846,842-BTC treasury.
Podcast
🟢 LIVE - The Fable Backlash: Is This the Case for Decentralized AI?
Last week Anthropic launched Claude Fable 5 — and within 48 hours it became one of the messiest releases in frontier AI. A buried line in the model's system card revealed Fable would silently degrade its own answers for anyone it suspected of building competing AI systems, with no warning. Researchers called it silent sabotage. Anthropic apologized and reversed course. Add a 30-day data-retention requirement that got the model banned inside Microsoft, and you have a live referendum on the question crypto has been asking for years: should any single company hold this much control over frontier AI?

CeFi
World Liberty Financial Pays UFC Freedom 250 Fighters in USD1 at White House
Trump-backed World Liberty Financial funded a $250,000 Performance of the Night bonus pool at UFC Freedom 250, distributing the awards in its USD1 stablecoin on the White House South Lawn.

People
'Peirce Out': A Decade of Dissent
She arrived at the SEC in 2018 as a Republican commissioner with light crypto baggage and left this week as the regulator whose quotes had narrated the industry's regulatory story. A retrospective on eight years of dissent.

Regulation & Politics
CFTC Sues New Mexico to Block State Gaming Laws From Reaching Federally Regulated Prediction Markets
The federal derivatives regulator filed suit Thursday in federal court seeking to bar New Mexico from enforcing state gaming laws against CFTC-registered prediction-market exchanges, making New Mexico the eighth state to face federal litigation over the question of exclusive jurisdiction.

Regulation & Politics
Gensler Files Brief Arguing Sports Prediction Markets Fall Outside CFTC Swap Rules
Former CFTC and SEC chair Gary Gensler filed an amicus brief with the Sixth Circuit arguing that sports-event prediction markets are not swaps under Dodd-Frank, directly contradicting the CFTC's own position in the KalshiEX v. Ohio appeal.



