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Ripple Prime Secures $200M Debt Facility to Expand Lending Capacity
DeFi

Ripple Prime Secures $200M Debt Facility to Expand Lending Capacity

Funds managed by Neuberger Specialty Finance committed the facility to grow margin financing for the multi-asset prime broker.
Stream Finance Breaks Six Month Silence With Wind-Down Plan
DeFi

Stream Finance Breaks Six Month Silence With Wind-Down Plan

A newly formed Delaware entity will consolidate and liquidate remaining assets, with "strategic alternatives" coming in the next few weeks.
Banks Sound Alarm as Senate Prepares CLARITY Act Markup
Regulation & Politics

Banks Sound Alarm as Senate Prepares CLARITY Act Markup

The Senate Banking Committee is set to mark up the sweeping crypto market structure bill on Thursday.
Galaxy to Manage $125M DeFi Yield Fund Seeded by Sharplink's ETH Treasury
TradFi & Fintech

Galaxy to Manage $125M DeFi Yield Fund Seeded by Sharplink's ETH Treasury

Mike Novogratz's firm will pick protocols and size exposures while Sharplink keeps its core staked ETH position intact.
Circle Raises $222M in Arc Presale at $3B FDV
Blockchains

Circle Raises $222M in Arc Presale at $3B FDV

The private token sale for Circle's Arc blockchain was led by a16z crypto, and included BlackRock, Apollo, and Intercontinental Exchange.
LayerZero Admits Mistake in 1/1 DVN Setup Tied to $292M Kelp Hack
Security

LayerZero Admits Mistake in 1/1 DVN Setup Tied to $292M Kelp Hack

LayerZero Labs acknowledged a Lazarus Group attack on internal RPCs and a multisig signer's unauthorized personal trade, impacting 0.36% of assets on the protocol.
MegaETH Kicks Off MEGA Buybacks
Blockchains

MegaETH Kicks Off MEGA Buybacks

Future repurchases will follow a preset schedule and be routed through on-chain markets.
ONDO Surges 68% in a Week amid US Tokenization Push
DeFi

ONDO Surges 68% in a Week amid US Tokenization Push

A four-firm pilot settling the first cross-border, cross-bank redemption of tokenized U.S. Treasuries on the XRP Ledger extended a rally sparked by Ondo's seat at the DTCC’s tokenization table.
Kraken Parent Payward Seeks US Federal Trust Charter
Regulation & Politics

Kraken Parent Payward Seeks US Federal Trust Charter

Payward says the OCC national trust charter would complement Kraken's banking arm, Kraken Financial.
ECB's Lagarde: Euro Stablecoins Aren't the Answer, Build Public Infrastructure Instead
Regulation & Politics

ECB's Lagarde: Euro Stablecoins Aren't the Answer, Build Public Infrastructure Instead

The President of the European Central Bank spoke against EUR-pegged stablecoins at the inaugural Banco de España LatAm Economic Forum today.