Latest

People
Pump.fun Parent Baton Corporation Recruiting CLO at Up to $5M Base Salary
Baton Corporation, the development company behind memecoin launchpad Pump.fun, is seeking a Chief Legal Officer at a base salary of $1M to $5M, a compensation band that puts the hire among the best-paid legal executives in crypto.

Markets
A16z-Linked Wallet Pulls 25,560 ETH From Binance in Apparent Accumulation Move
A wallet attributed to venture firm a16z withdrew $42.62M worth of ETH from Binance on Tuesday, per onchain intelligence tracker Lookonchain, as ETH trades near 30-day lows.

Markets
Strategy Stock Falls Below $100 for First Time in Two Years as Analysts Pick Apart Its Bitcoin Bet
The break below $100 puts MSTR at a discount to its roughly $50 billion in Bitcoin and shifts the question from how much more Bitcoin Strategy can buy to which slice of its capital stack — the common stock, the preferreds, the debt or the coins themselves — is still worth owning, according to analysts at Arca and Zero Knowledge.

Regulation & Politics
Lummis Sets July as Senate Floor Deadline for Clarity Act, Tells Dimon to Read the Bill
Senator Cynthia Lummis announced Wednesday that the Digital Asset Market Clarity Act will reach the Senate floor in July, the first public floor-date commitment from the bill's lead sponsor. Lummis made the statement on Fox Business and challenged JPMorgan CEO Jamie Dimon to review the bill over the July 4 recess.

Regulation & Politics
Binance Withdraws Greece MiCA Application, Targets New EU Jurisdiction Before July Deadline
Binance has confirmed it is withdrawing its MiCA license application in Greece and will seek authorization in a different EU member state, with the July 1 wind-down deadline for unlicensed crypto firms days away. The target jurisdiction remains undisclosed.

Regulation & Politics
CFTC Sues Kentucky, Making It the Ninth State in Prediction-Market Jurisdiction Fight
The CFTC filed suit against Kentucky on Monday after the state sued prediction-market operators Kalshi and Polymarket for operating without gaming licenses, making Kentucky the ninth state to face federal litigation over who controls event-contract regulation.

DeFi
Uniswap Adds No-Code Token Auction Tool to Its Web App
Teams can now launch token auctions directly from the Uniswap Web App using Continuous Clearing Auctions, with no code required.
Podcast
Who Controls Ethereum Now? EF Restructuring & the Rise of EthLabs
The Ethereum Foundation just cut 20% of its staff and 40% of its budget, marking a deliberate shift to a narrower scope. In response, a new organization backed by SharpLink, Bitmine, and Joseph Lubin has emerged: ETH Labs. Camila Russo talks with Joseph Chalom (SharpLink) and Victor Bunin (Coinbase) about what this new entity is meant to do, how it's funded, and whether Ethereum's shift toward decentralized, multi-organization stewardship is the right path forward.
Topics covered:
Why ETH Labs was created, who's backing it, and what problems it aims to solve that the EFF is stepping away from
The overlap — and potential competition — between ETH Labs' priorities and the Ethereum Foundation's new focus
How ETH Labs will be funded, its non-profit structure, and safeguards against funder capture
The tension between what's good for ETH the asset versus what's good for Ethereum the protocol
Why subsidizing L2 activity was a rational growth strategy, not a mistake
What's coming in the Glamsterdam/Glastonbury upgrade — quantum resistance, higher throughput, native privacy, and synchronous composability
Centralized versus decentralized leadership: comparing Ethereum's fragmented governance model to Solana's more centralized approach
Guests: Joseph Chalom (SharpLink Gaming) and Victor Bunin (Coinbase)
Host: Camila Russo, The Defiant

Regulation & Politics
Senate Democrats Demand Hearings on $500M Trump-UAE-World Liberty Financial Deal
Five senior Senate Democrats sent a formal letter to Republican committee chairs demanding immediate hearings into a $500 million deal in which Abu Dhabi royalty acquired a stake in World Liberty Financial before Trump's inauguration, and into the arms sales and AI chip approvals that followed.

Regulation & Politics
Congress Passes Fed CBDC Ban Through 2030, Sends Bill to Trump
Both chambers of Congress have passed the 21st Century ROAD to Housing Act, which prohibits the Federal Reserve from issuing a central bank digital currency until December 31, 2030. The House cleared the bill 358-32 on Tuesday, one day after the Senate's 85-5 vote, sending it to President Trump for signature.




