The Hyperliquid Policy Center and Paradigm have asked the U.S. Treasury to narrow parts of its proposed anti-money laundering rules for stablecoin issuers. Summary Hyperliquid and Paradigm want secondary-market duties narrowed because issuers cannot identify every DeFi transaction participant. Treasury’s proposal requires stablecoin issuers to maintain AML programs and block transactions violating U.S. law. The…
Botanix Labs has announced the shutdown of its Bitcoin Layer 2 network after reporting 25 million transactions and 200,000 wallets during its year-long mainnet operation. The team said user demand was not sufficient to sustain the network economically. Summary Botanix Labs is shutting down its Bitcoin Layer 2 network after concluding that user activity could…
Curve Finance has launched Llamalend v2 on Optimism with support for isolated lending markets and non-crvUSD borrowing pairs, opening the first phase of a lending system upgrade ahead of a planned Ethereum mainnet rollout later this year. Summary Curve has launched Llamalend v2 on Optimism, expanding lending beyond crvUSD-only borrowing markets. Users can now use…
The U.S. Securities and Exchange Commission proposed removing two key Regulation NMS rules, opening a new debate over tokenized U.S. stocks and DeFi trading. Summary SEC proposed removing Rules 611 and 610(e), changing long-standing trade protections for U.S. equities markets. Analysts say the move could help DeFi market makers support tokenized U.S. stock trading. Tokenized…
Pyth Network is drawing renewed attention after a recent thread from market commentator Whale Factor outlined the project’s push into institutional financial data. Summary Pyth is expanding beyond DeFi with institutional data products and enterprise revenue growth. PYTH has recovered from recent lows, though major token unlocks remain a concern. Traders are watching whether adoption…
Aztec Connect, a deprecated DeFi bridge linked to the privacy-focused Aztec ecosystem, was exploited on Sunday after an attacker drained about $2.1 million from an old Ethereum smart contract. Summary Aztec Connect’s old contract lost $2.1m, while the current Aztec Network stayed unaffected, Aztec said. The attack used a verification mismatch, letting unbacked balances move…
While ETF outflows grabbed attention, about $13b quietly moved into crypto via OTC, prime brokerage, and private funds, showing institutional demand runs deeper than ETF dashboards. Summary A Daily Chain briefing highlights roughly $13b in capital flowing into crypto this week via prime brokers, OTC desks, structured products, and private vehicles that never show up…
Pi Network’s PI token trades around 0.17–0.19 dollars, 94% below its peak, with most serious models clustering around a 0.15–0.35 dollar, high‑risk, low‑conviction range for the next 12–18 months. Summary PI changes hands near 0.17–0.19 dollars with a roughly 1.7–1.8 billion dollar market cap and about 9.8 billion coins in circulation, down around 94% from…
Gold has slipped from above $5,200 while crypto bleeds and silver dumps, exposing “store of value” as a question of volatility, leverage and time horizon, not memes. Summary Gold has dropped about 10–15% from its early‑March spike above $5,200 to around $4,560, but remains structurally elevated and keeps finding dip buyers near the mid‑$4,500s. Silver…
The FBI and Thai police froze about $580m in crypto and seized 8,000 phones in a joint strike on Southeast Asian pig butchering gangs targeting American victims. Summary U.S. federal agents and Thai police froze roughly $580 million in crypto and confiscated around 8,000 phones used by organized scam gangs targeting Americans. The operation hits…
