Defiant Daily

Kalshi Lists a US Stock Index Perpetual Future
Plus, Abstract is the second Layer 2 to set a shutdown date in five days

Treasury Drops Its Crypto Wallet Surveillance Rules
FinCEN withdrew the unhosted-wallet reporting rule and its mixing finding, hours before the CFTC opened an elective federal rulebook of its own.

Blast Is Shutting Down Its Layer 2
Plus, Chainalysis ties the $387 million Bitget hack to North Korea

MetaMask Pulls Its Validators Out of Lido
Plus: the SEC would let investment advisers hold client crypto themselves

Base Writes a Seize Function Into Its Token Standard
ESMA wants to license DeFi front ends, and Abracadabra pays MIM holders four cents.

Robinhood Turns On 10x Crypto Perps in the US
Eight contracts, no expiry, one basis point a trade — and Coinbase gets its own clearinghouse the same day.

SEC Clarified Token Buyback FAQ: "No Central Party"
Plus: Bitget reopens bitcoin withdrawals, Tether says it froze $550M in Iran-linked USDT, and Citi picks Coinbase for stablecoin payments

SEC Staff Draws A Line On Token Buybacks and Liquid Staking in New FAQs
Plus, the Fed prices what it costs a bank to issue a stablecoin

Bitget Halts Withdrawals After $351.6M Hot Wallet Breach
New York sues to shut Polymarket US, Ondo puts BlackRock portfolios onchain, and Payy goes dark after a $1.92M bridge drain

Zcash's ZEC Hits $1,600, a 10-Year High
A $20,199 vote took the Cosmos Hub offline for a day, Blockchain.com and NYSE explore 24/7 tokenized stocks, and Ondo opens in-kind minting