Latest

Markets
Venice Raises $65M Series A at $1B Valuation Led by Dragonfly
Erik Voorhees' privacy-first AI platform Venice landed a $65 million Series A at a $1 billion equity valuation, its first outside capital, after hitting profitability in Q1.

DeFi
Cloudflare Launches Monetization Gateway for Stablecoin Payments via x402
Cloudflare opened a waitlist for its Monetization Gateway on Wednesday, letting customers charge for web pages, datasets, APIs or MCP tools with payments settling in stablecoins over the x402 protocol. Will Papper, formerly of Syndicate, joined the company as product manager for Agent Payments to lead the effort.

Blockchains
Avalanche Treasury Corp Stock Crashes 93%, Warns SEC It May Not Survive the Year
Avalanche Treasury Corp told the SEC its ability to continue as a going concern is in doubt after its Nasdaq-listed stock lost 93% of its value in a month, with its AVAX position now worth less than half of what it paid.

Regulation & Politics
Supreme Court Overturns Humphrey's Executor, Clearing Trump to Fire SEC and CFTC Commissioners
The Supreme Court's 6-3 ruling in Trump v. Slaughter overturns a 91-year-old precedent shielding independent agency commissioners from at-will removal, with direct implications for SEC and CFTC leadership as the CLARITY Act nears a floor vote.

DeFi
dYdX Launches Arcus, a DEX Pairing Stock Tokens With Perpetuals on Robinhood Chain
dYdX Labs founder Antonio Juliano launched Arcus, a new DEX combining tokenized stock trading with perpetual futures, built jointly with Robinhood Crypto on Robinhood Chain.
Blockchains
Robinhood Launches Robinhood Chain Mainnet, Adds Stock Tokens, Onchain Lending, and Agentic Crypto Trading
At a London keynote, the trading platform opened its Arbitrum-based Layer 2 to the public, rolled out new stock tokens and a Morpho-powered lending product, and confirmed launches in Canada and Singapore alongside plans for crypto trading in the UK.

Regulation & Politics
SEC Opens 60-Day Comment Period on 'Novel' ETF Rules as Prediction Market Funds Pile Up
The SEC published a formal request for comment on 'Novel ETFs' covering crypto-asset and prediction-market funds, following Chair Paul Atkins' May statement pausing launches for over two dozen pending applications.
DeFi
World Launches Onchain Prediction Market on Solana Through Phantom
The platform, unmasked in late June after two-plus years as an anonymous "Trade Everything" teaser account, opens trading in Phantom's CASH stablecoin and leans on Chainlink oracles instead of human-run resolution.

Hacks
Chinese Exile Miles Guo Sentenced to 30 Years for $1B Crypto Fraud Scheme
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.

DeFi
Drift Protocol Rebrands to Velocity DEX Ahead of Relaunch
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.





