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Polygon Labs Cuts Staff Again as It Closes Coinme Deal
People

Polygon Labs Cuts Staff Again as It Closes Coinme Deal

CEO Marc Boiron said the reductions, the company's second round in 2026, accompany a shift from a blockchain foundation to a blockchain-enabled payments company.
Dune Study for 1inch Finds 85% of Concentrated Liquidity Idle
DeFi

Dune Study for 1inch Finds 85% of Concentrated Liquidity Idle

The onchain research, which 1inch commissioned, estimates out-of-range positions forgo about $150M a year in fees across seven chains.
Ondo Finance Partners With SBI to Tokenize Japanese Assets
TradFi & Fintech

Ondo Finance Partners With SBI to Tokenize Japanese Assets

The deal routes distribution through SBI's ecosystem and settles in the group's JPYSC yen stablecoin, connecting Japan's capital markets to onchain finance.
CFTC Orders Kalshi to Honor Trades a Michigan Court Told It to Cancel
Regulation & Politics

CFTC Orders Kalshi to Honor Trades a Michigan Court Told It to Cancel

The regulator stayed a Kalshi rule change and invoked emergency authority, calling the first state attempt to void executed derivatives trades unprecedented.
Coinbase's Jesse Pollak Hands Base App to Cobie, Says Social Bet Was 'Definitively Wrong'
People

Coinbase's Jesse Pollak Hands Base App to Cobie, Says Social Bet Was 'Definitively Wrong'

The Coinbase executive is refocusing the largest Ethereum Layer 2 on trading, payments and AI agents after conceding its onchain-social push failed
1inch Co-Founder Anton Bukov Launches Second Tier After Exit He Calls a Firing
People

1inch Co-Founder Anton Bukov Launches Second Tier After Exit He Calls a Firing

Bukov says he was fired and no longer oversees the architecture and security he ran; 1inch disputes the account, saying he contributed to a team effort and was never an employee it could fire.
Ostium Halts Trading After Oracle Exploit Drains up to $18M from Vault
Hacks

Ostium Halts Trading After Oracle Exploit Drains up to $18M from Vault

Blockaid says an attacker used a registered price-feed forwarder and future-dated oracle reports to book fake trading profits, in the latest exploit to target the automated infrastructure DeFi protocols lean on for pricing.
DTCC Starts Live Tokenized-Securities Trades With More Than Two Dozen Firms
TradFi & Fintech

DTCC Starts Live Tokenized-Securities Trades With More Than Two Dozen Firms

The company that settles most US stock trades is running its first production trades of tokenized real-world assets, with a full service launch set for October.
Stripe's $53B PayPal Bid Would Combine Bridge and PYUSD Under One Owner
TradFi & Fintech

Stripe's $53B PayPal Bid Would Combine Bridge and PYUSD Under One Owner

The unsolicited offer from Stripe and Advent International, if PayPal accepts, would consolidate two of the mainstream payments industry's stablecoin operations.
Argentine Judge Orders ID, Freeze of 25 LIBRA-Linked Crypto Wallets
Regulation & Politics

Argentine Judge Orders ID, Freeze of 25 LIBRA-Linked Crypto Wallets

The order targets holders at Binance, Bybit, OKX and Bitfinex, but analyst Fernando Molina says no funds have actually been frozen yet.