BNB Chain-based restaking protocol KernelDAO is stepping into real-world credit with a reward-bearing stablecoin that generates yield from institutional usage rather than sitting idle. Summary KernelDAO unveiled KUSD, a reward-bearing stablecoin backed by short-term receivables. Designed for remittances, payroll, and trade finance, KUSD generates yield from institutional usage. Built on KernelDAO’s $2.4B DeFi base, targeting…
Crypto exchange Coinbase is pushing back against the attempt by U.S. banking groups to have the recently enacted Genius Stablecoin Act amended. Summary Coinbase has dismissed U.S. bank warnings of “deposit erosion,” citing $3.3 trillion in bank reserves and $176 billion in annual Fed interest earnings as evidence of banking system strength. The exchange argued…
Bitcoin treasury firm The Smarter Web Company is doubling down on security by appointing a key custodian for its holdings. Summary The Smarter Web Company has appointed Coinbase Institutional as a Bitcoin custodian, enhancing its treasury resilience via Coinbase Prime. CEO Andrew Webley praised Coinbase’s institutional-grade custody as a perfect fit for SWC’s secure and…
On-chain evidence has emerged showing that Avantis’ recent airdrop was exploited in a $4 million sybil attack. Summary One entity used 300+ wallets to drain $4M in AVNT tokens during Airdrop 1. The exploit followed AVNT’s exchange debut on Coinbase, Kraken, and Bitunix, with listings on Binance, Upbit, and Bithumb driving the token to a…
American Express has started offering digital memorabilia to customers in the form of non-fungible token stamps issued on the Base blockchain. Summary American Express is issuing NFT travel stamps on the Ethereum Layer-2 Base for U.S. cardholders. The NFT stamps cannot be transferred or sold on the open market. Stamps are ERC-721 tokens that show…
The Ethereum Foundation has taken a major step toward ensuring user privacy on its network by unveiling a new privacy roadmap. Summary The Ethereum Foundation rebranded its “Privacy & Scaling Explorations” (PSE) program to “Privacy Stewards of Ethereum” and unveiled a comprehensive privacy roadmap. The roadmap focuses on three key areas: private writes, private reads,…
StarkNet has launched Bitcoin staking, enabling BTC holders to participate in network consensus and earn rewards starting September 30. Summary Bitcoin contributes 25% of network consensus, with STRK holding the remaining 75%. WBTC, LBTC, tBTC, and SolvBTC are supported at launch; additional wrappers can be added through governance. The unstaking period has been reduced from…
Nemo Protocol, the Sui-based DeFi platform recently exploited for $2.6 million, has announced a compensation program that will reimburse affected users. Summary Nemo Protocol has unveiled a three-step recovery plan after its $2.6 million exploit. A new debt token, $NEOM, will be issued 1:1 with user losses recorded at the time of the hack. Victims…
Crypto exchange has launched a platform for self-managed superannuation funds in Australia, as it hopes to tap into the country’s A$4.3 trillion retirement savings pool. Summary OKX launches AUSTRAC-registered SMSF crypto platform with compliance and reporting features. Australian SMSF crypto holdings have dropped in 2025 but remain 40% higher than 2023 levels. Announcing the move…
Native Markets has secured one of the most sought-after roles in decentralized finance, winning the community vote to issue Hyperliquid’s new USDH stablecoin. Summary Native Markets won Hyperliquid’s validator vote to issue the USDH stablecoin, beating out established competitors like Paxos and Frax. The proposal splits reserve yield between HYPE buybacks and ecosystem growth. While…
