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DeFi

THORChain Resumes Trading After Month-Long Halt From $10.7M Exploit
DeFi

THORChain Resumes Trading After Month-Long Halt From $10.7M Exploit

The cross-chain DEX restored signing, churning, swaps, and LP actions Tuesday morning, six weeks after an Asgard vault breach drained funds across four chains.
0x Opens Swap API to AI Agents Paying $0.01 Per Request in USDC
DeFi

0x Opens Swap API to AI Agents Paying $0.01 Per Request in USDC

AI agents can now access 0x Protocol's Swap API by paying $0.01 per request in USDC directly from their own wallets, with no API key required, via the HTTP 402 and x402 standard built with Alchemy AgentPay.
Warwick Takes Personal Blame for sUSD Mismanagement, Charts Basis-Vault Replacement
DeFi

Warwick Takes Personal Blame for sUSD Mismanagement, Charts Basis-Vault Replacement

Synthetix founder Kain Warwick published a detailed thread this morning acknowledging that sUSD has been depegged for over a year, taking personal responsibility for treasury mismanagement, and outlining a basis-vault-backed replacement stablecoin to run on the protocol's new v4 exchange.
Circle Publishes Official USDC Spec for Machine Payments Protocol, Enabling Crosschain Agent-to-Agent Commerce
DeFi

Circle Publishes Official USDC Spec for Machine Payments Protocol, Enabling Crosschain Agent-to-Agent Commerce

Circle published a formal USDC method specification for the Machine Payments Protocol on Monday, standardizing how AI agents and automated services settle payments in USDC across EVM-compatible blockchains and Solana. The spec introduces the first crosschain MPP payment profile via Circle Gateway and adds USDCx on Stacks.
Securitize Wraps Roubini's SEC-Registered ETF as Dubai VARA Digital Security
DeFi

Securitize Wraps Roubini's SEC-Registered ETF as Dubai VARA Digital Security

Securitize has been selected to tokenize economist Nouriel Roubini's Atlas America Fund into USAFi, a digital security issued under Dubai's VARA regulatory framework with BNY custody, designed for 24/7 institutional-grade collateral portability.
ENS DAO Delegates Call Foundation Proposal a Governance Attack as Johnson Self-Delegates
DeFi

ENS DAO Delegates Call Foundation Proposal a Governance Attack as Johnson Self-Delegates

Multiple named delegates escalated opposition to the ENS Foundation empowerment temp check Monday, with Security Council member Brantly Millegan threatening a veto and ENS Labs founder Nick Johnson having self-delegated enough tokens to pass the proposal over their objections.
Aztec Tells V4 Users to Withdraw Before June 25 as V5 Upgrade Exposes Security Flaws
DeFi

Aztec Tells V4 Users to Withdraw Before June 25 as V5 Upgrade Exposes Security Flaws

Aztec Network is urging Alpha V4 users to pull funds before June 25, when the V5 governance vote will publicly disclose the current version's critical proving-system vulnerability.
Synthetix Governance Votes to Retire sUSD, Pay Holders in Vested SNX
DeFi

Synthetix Governance Votes to Retire sUSD, Pay Holders in Vested SNX

Synthetix governance has moved to retire sUSD entirely under SIP-423, introduced June 12. The proposal would freeze the stablecoin contract and pay all holders back at face value in vested SNX at a conversion of four SNX per sUSD. A companion SIP-424 covering technical implementation is pending.
Micron Stock Goes On-Chain 48 Hours Before Earnings as Backpack Securities Lists $MU on Solana
DeFi

Micron Stock Goes On-Chain 48 Hours Before Earnings as Backpack Securities Lists $MU on Solana

Sunrise and Backpack Securities tokenized Micron Technology ($MU) stock on Solana on Monday, landing the asset on-chain 48 hours before the chipmaker's fiscal Q3 earnings report. Each MU token is backed 1:1 by a real share held in custody and redeemable through Backpack Exchange into a traditional brokerage account.
a16z-Backed Goldfinch Finance Winds Down After Originating $100M in Loans
DeFi

a16z-Backed Goldfinch Finance Winds Down After Originating $100M in Loans

Warbler Labs posted an official governance proposal on June 12 to wind down Goldfinch Prime and move the protocol to maintenance mode. A Snapshot vote is passing 100% in favor. Depositors face a two-or-more-year recovery horizon as GFI trades 99.8% below its January 2022 all-time high.