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BitGo CFO to Exit as Q2 Net Loss Hits $19 Million
CeFi

BitGo CFO to Exit as Q2 Net Loss Hits $19 Million

Revenue jumped 80%, but trading and staking margins weakened as BitGo targeted $15 million in annualized savings following June layoffs.
SEC Staff Clears Franklin Funds to Use Onchain Money Fund for Cash and Collateral
TradFi & Fintech

SEC Staff Clears Franklin Funds to Use Onchain Money Fund for Cash and Collateral

The relief lets Franklin Templeton’s registered funds hold FOBXX through an affiliated blockchain-integrated system, subject to 12 custody and control conditions.
Pump.fun's Share Of Launchpad Fees Fell To 27% In July. Four Weeks Later It's Back Above Half
DeFi

Pump.fun's Share Of Launchpad Fees Fell To 27% In July. Four Weeks Later It's Back Above Half

Two launchpads on Robinhood Chain cut pump.fun's share of launchpad fees from 80% to 27% in two weeks. Pump.fun's fees are up 30% over 30 days anyway, because the category grew 77% around it. Memecoin prices did not participate.
Marinade Says 28.83% of Solana Stake Went Delinquent, Nearing Finality Halt
Blockchains

Marinade Says 28.83% of Solana Stake Went Delinquent, Nearing Finality Halt

Teraswitch confirmed a 12-site routing failure; Marinade said 94% of the 118.89 million SOL on its autonomous system went dark.
SEC Advances Tokenized-Securities Exemption That Could Enable 24/7 Trading
Regulation & Politics

SEC Advances Tokenized-Securities Exemption That Could Enable 24/7 Trading

Atkins says the framework would support compliant onchain trading while long-term rules are developed; Friday's scheduled Commission consideration covers a separate offering proposal.
Solana Community Argues Over Whether Its Foundation Should Pick Winners
Blockchains

Solana Community Argues Over Whether Its Foundation Should Pick Winners

Flash.Trade's founder said Foundation backing for a rival contributed to his decision to wind the perps exchange down. Foundation president Lily Liu says the market decides who wins.
Bitwise Cuts 14% of Staff as Client Assets Fall to $9 Billion
CeFi

Bitwise Cuts 14% of Staff as Client Assets Fall to $9 Billion

The crypto asset manager reduced headcount to about 155 from 180, while its BITW index fund ended June with $532.8 million in net assets, down from $1.03 billion at year-end.
Harmony Patches Pre-Staking Quorum and Receipt-Replay Flaws After ONE Mint Claim
Hacks

Harmony Patches Pre-Staking Quorum and Receipt-Replay Flaws After ONE Mint Claim

Harmony asked exchanges to block four wallets and paused its bridge, while an analyst’s estimate of four billion unauthorized ONE remains unconfirmed.
Barça Mobile Plans Stellar Wallet With Wirex and Crossmint
TradFi & Fintech

Barça Mobile Plans Stellar Wallet With Wirex and Crossmint

Wirex will provide payment and card infrastructure, Crossmint will handle wallet onboarding, and Stellar will supply the blockchain layer for the planned feature.
CFTC Sues Goliath Ventures Over Alleged $397M DeFi Liquidity Pool Ponzi
Regulation & Politics

CFTC Sues Goliath Ventures Over Alleged $397M DeFi Liquidity Pool Ponzi

The complaint says $87 million went to Ponzi payments, $174 million to recruiter commissions and $48 million to CEO Christopher Delgado's personal spending, with recoveries for roughly 1,600 customers now running through a bankruptcy estate.