Subscribe

Subscribe

Market Digest

Market Digest

Bitget Reports $351.6M Wallet Breach

Bitget Reports $351.6M Wallet Breach

CW 39 Bitget reported a $351.6M breach affecting some hot and warm wallets, while customer balances remain covered. Binance expanded tokenized stock functions and account migration plans. Separately, Binance invested $100M in Circle and renewed its USDC partnership for five years.

CLARITY Act Fails to Advance in Senate

CLARITY Act Fails to Advance in Senate

CW 38 The CLARITY Act failed to advance in the Senate, leaving further legislative action uncertain. CoinEx announced plans to shut down after nearly nine years. Meanwhile, the SEC granted temporary relief allowing limited onchain trading of tokenized U.S. stocks

Aave Launches Official MCP Server for AI Assistants

Aave Launches Official MCP Server for AI Assistants

CW37 Uniswap launched a dynamic-fee hook for stablecoin pairs. A Liquid Network exploit drained about 4,000 BTC, with 3,400 BTC later returned. Meanwhile, Aave launched an MCP server enabling AI assistants to access protocol data and prepare unsigned transactions.

Polymarket Launches Perpetual Futures with Up to 20x Leverage

Polymarket Launches Perpetual Futures with Up to 20x Leverage

CW 36 Polymarket launched perpetual futures across crypto and traditional assets with up to 20x leverage. AKE saw a sharp short squeeze on Binance Futures, highlighting basis-trading risks. Meanwhile, Jupiter launched one-click cross-chain deposits into Solana.

Hyperliquid Activates AQAv2 for HYPE Buybacks

Hyperliquid Activates AQAv2 for HYPE Buybacks

CW 35 Hyperliquid activated AQAv2 to direct USDC reserve yield toward HYPE buybacks and burns. BitGo completed its acquisition of NYDIG’s institutional trading business. Meanwhile, Lido revised EarnETH fees, lowering fixed charges while increasing performance-linked fees.

Ethena and FalconX Launch $1B Institutional Credit Facility

Ethena and FalconX Launch $1B Institutional Credit Facility

CW 34 Ethena and FalconX launched a $1B institutional credit facility backed by USDe reserves. Coinbase added Hyperliquid perpetuals to Base App. Meanwhile, South Korea confirmed that crypto gains from self-custody wallets and overseas exchanges will be taxable.

Hyperliquid Expands HLP Beyond Market Making

Hyperliquid Expands HLP Beyond Market Making

CW 33 Hyperliquid is expanding trader infrastructure and plans to add lending to HLP. Avenir Group incubated UMX, combining crypto with traditional securities. Meanwhile, Lombard is shifting LBTC yield from Bitcoin staking to a Bitwise-managed covered-call strategy.