Unchained

A digital asset treasury touting a $401 million raise for AI blockchain Zero Gravity actually brought in far less — a red flag for investors.

Aster raked in more fees than Circle and Uniswap last week as whale-driven perpetuals boosted volumes, though analysts flagged signs of wash trading.

Steve Sosnick unpacks the market’s reaction to the Fed’s recent rate cut, the divergence between bitcoin and gold, and whether AI exuberance is starting to mirror the dot-com bubble.

The president of the Solana Foundation makes the case for revenue as crypto’s most telling metric, and says TVL is easily gamed.

Perp DEX wars heat up as Hyperliquid battles Aster, while Tether’s $500B play and Rain’s real-world rails reshape the future of stablecoins.

Jon Charbonneau thinks Hyperliquid’s supply should shrink by 45% and that fully diluted valuation, FDV, needs a serious revamp as a metric.

From Circle’s Arc to Stripe’s Tempo, Solana’s stablecoin gambit, and the rise of ‘stablecoin-as-a-service,’ the crew debates whether this flood of new stables fixes crypto’s money problem — or just fragments liquidity.

The competition for Hyperliquid’s native stablecoin has been fierce. Shuyao Kong of MegaETH, which just announced USDm, explains why every chain will have a protocol-native stablecoin.

Onchain data suggests Grayscale is preparing to stake part of its 1.5 million ETH ETF holdings, a move that could generate hundreds of millions annually in rewards.

At BaseCamp, Jesse Pollak announced Base was considering a token, plus a Solana bridge. Is this setting the stage for a Base vs. Solana matchup?

A new Ethereum Foundation team will focus on integrating AI with decentralized infrastructure, positioning the network as a settlement layer for autonomous agents.

Users faced failed claims and outages during Linea’s token launch, with Binance recipients cashing in instantly while the mainnet struggled under heavy load.

Hyperliquid introduced permissionless spot quote assets and dropped its Hypurr NFT collection, driving tens of millions in trading volume and rare NFT sales over $400,000.

OpenSea committed $1 million to a flagship NFT reserve while teasing its SEA token launch, blending cultural preservation with new user rewards.

Last week’s launch of CARDS sparked a flurry of trading in Pokémon cards onchain. The CEO of Collector Crypt explains why trading card games are poised to break out.

GameSquare acquired a rare CryptoPunk from Robert Leshner for $5.15 million as part of its growing digital asset treasury strategy.

A digital asset treasury touting a $401 million raise for AI blockchain Zero Gravity actually brought in far less — a red flag for investors.

Regulators are probing over 200 companies with crypto treasury plans after suspicious stock surges, raising concerns of insider trading and market manipulation.

U.S. regulators are scrutinizing suspicious trading ahead of corporate crypto-treasury announcements, raising concerns about potential insider activity as firms pour billions into bitcoin.

Senators Elizabeth Warren and Elissa Slotkin are pressing for an ethics probe into Trump-linked crypto and AI chip deals with the UAE, citing conflicts of interest.

UXLINK lost $11.3 million in a multi-sig wallet exploit, with attackers manipulating admin roles before exchanges moved to freeze stolen funds.

Stable added PayPal’s PYUSD after a strategic investment, expanding the stablecoin’s reach on a blockchain already built around USDT.

PayPal’s PYUSD is expanding across nine blockchains through LayerZero, boosting its reach and challenging rival stablecoins in the DeFi market.

Coinbase rolled out a USDC lending feature via Morpho on Base, offering select users yields up to 10.8% through optimized DeFi pools.