A federal judge ordered Guo to forfeit $889 million after a jury convicted him of running a scheme that raised over $1 billion partly through the fake Himalaya Coin cryptocurrency.

Solana perpetuals exchange Drift Protocol has rebranded to Velocity DEX, with a private beta planned in the coming days as the platform rebuilds after a $295M April exploit.

Christoph Jentzsch, who wrote code for the original 2016 "The DAO" and now runs Tokenize.it, called for ENS DAO to wind down and revoke its own upgrade authority, a day after ENS co-founder Nick Johnson used roughly half of the protocol's active voting power to block a Security Council renewal.

Jeremy Allaire argued that stablecoin networks are winner-take-most businesses built over years, two days after the launch of the 140-plus-firm Open USD consortium sent Circle's stock down more than 17% in a single session.

A new nonprofit backed by BitMine, SharpLink and Joseph Lubin spins the Ethereum Foundation's institutional outreach work into an independent organization, the second such steward group the three backers have funded in ten days, as the Foundation itself shrinks.

New York Life Investment Management is tokenizing a high-yield corporate bond strategy for the first time, partnering with Centrifuge on the NYLIM Anemoy fund settled in USDC.

The perpetuals exchange will start burning the LIT it buys with revenue and tap its token reserve to keep staking yields flowing.

The trader's latest Ethereum liquidation came without a fresh deposit to backstop it, a first in a months-long losing streak tracked onchain.

The Solana wallet is bringing on the three-person team behind a pre-IPO perpetuals platform, deepening its push into derivatives.

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