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Machi Big Brother's Hyperliquid Losses Top $80M as He Sells Bored Apes for Margin
DeFi

Machi Big Brother's Hyperliquid Losses Top $80M as He Sells Bored Apes for Margin

The trader's latest Ethereum liquidation came without a fresh deposit to backstop it, a first in a months-long losing streak tracked onchain.
Phantom Hires Ventuals Founders After Hyperliquid Perps Venue Winds Down
DeFi

Phantom Hires Ventuals Founders After Hyperliquid Perps Venue Winds Down

The Solana wallet is bringing on the three-person team behind a pre-IPO perpetuals platform, deepening its push into derivatives.
Magic Eden, Founders Sued by $ME Buyers Over Broken 'Utility' Promises
DeFi

Magic Eden, Founders Sued by $ME Buyers Over Broken 'Utility' Promises

A nationwide class action in New York accuses the NFT marketplace and its four co-founders of marketing the token's use cases, then delaying or abandoning them as $ME fell roughly 99% from launch
Open Standard Unveils Open USD, a Bank- and Tech-Backed Stablecoin Governed by Its Users
TradFi & Fintech

Open Standard Unveils Open USD, a Bank- and Tech-Backed Stablecoin Governed by Its Users

A consortium of more than 140 financial and technology companies introduced Open USD, a dollar stablecoin whose reserve earnings and governance are designed to flow to the businesses that adopt it rather than to a single issuer.
Saylor Selling BTC: Strategy Lifeline, or Betrayal?
Podcast

Saylor Selling BTC: Strategy Lifeline, or Betrayal?

MSTR down ~30% on the week. STRC's effective yield blown out past 15%. mNAV under 1. And Michael Saylor just authorized selling Bitcoin to cover preferred dividends — the one thing he swore he'd never do. On June 30, the day STRC resets to a 12% rate, we sit down with Scott Melker and Kaleo to break down whether this is disciplined capital management or the first real crack in the Bitcoin treasury model. HOST Camila Russo — Founder & CEO, The Defiant
ansem airdrop
DeFi

Ansem Airdrops $7M of $ANSEM Memecoin in Bid to Reach 1M Holders

The Solana influencer has sent roughly $6.7M in tokens to more than 700 wallets onchain, even as he controls about 60% of the supply.
Stream Finance Starts Collecting Creditor Claims in Step Toward 'Global Resolution'
DeFi

Stream Finance Starts Collecting Creditor Claims in Step Toward 'Global Resolution'

The collapsed yield protocol, whose November failure froze roughly $160 million in deposits and left an estimated $285 million owed across DeFi lending markets, is asking potential creditors to submit claim information through an online form
Pump.fun's PUMP Buybacks Top $400M as Token Stays Flat
DeFi

Pump.fun's PUMP Buybacks Top $400M as Token Stays Flat

The Solana launchpad's repurchases since July now exceed $400M, yet PUMP trades roughly 83% below its record and is little changed on the day
CFTC Expands Polymarket Probe to Staged Trades and Fake Wins
Regulation & Politics

CFTC Expands Polymarket Probe to Staged Trades and Fake Wins

The Commodity Futures Trading Commission is conducting a broad investigation into Polymarket covering staged trades and fake winning bets, Bloomberg reported Friday, advancing the agency’s scrutiny beyond the platform’s prior influencer scheme.
DraftKings Launches Proprietary Prediction Markets Exchange With $3.4B Annualized Consumer Volume
Markets

DraftKings Launches Proprietary Prediction Markets Exchange With $3.4B Annualized Consumer Volume

DraftKings has launched DKeX, a proprietary prediction markets exchange, reporting $3.4 billion in annualized consumer volume as it enters a field increasingly crowded by Kalshi, Polymarket, Meta Arena, and Robinhood.