Cryptocurrencies
BitGo Opens 2026 IPO Window: Shares Pop, Fade, and Secure CZ Backing
BitGo (BTGO) debuts on NYSE with a $2.2B valuation and backing from CZ's YZi Labs, though opening gains faded to a 2.7% close.
Security
Cryptocurrencies
Coinbase Unlocks $1M Credit Lines Against Staked ETH (cbETH) on Base
Coinbase users can now borrow up to $1 million USDC against their staked ETH (cbETH) using the Morpho protocol on Base.
Cryptocurrencies
Trump Memecoin Implodes: 94% Collapse Wipes Out $2B as Insiders Net $427M
One year after launch, the $TRUMP token is down 94% from its highs, leaving 813,000 wallets underwater while issuers collected $427 million in fees.
Cryptocurrencies
Farcaster Founders Return $180M to Investors; Neynar Acquires Protocol Assets
Merkle Manufactory abandons its social ambitions, refunding $180M to VCs as infrastructure partner Neynar takes over the protocol's code and assets.
Cryptocurrencies
Capital One Acquires Brex for $5.15B; Absorb’s Fintech’s Stablecoin Payment Rails
Capital One's $5.15 billion acquisition of Brex signals a major TradFi consolidation of crypto-adjacent payment rails and a steep valuation reset for fintech unicorns.
regulations
South Korean Prosecutors Lose $48M in Seized Bitcoin to Phishing Scam
A routine inspection turned fatal when Gwangju officials accessed a fake website, draining 70 billion won from a simple USB drive.
Cryptocurrencies
Ethereum’s “Record” Traffic Is a Mirage: Address Poisoning Epidemic Explained
Citi analysts warn that Ethereum's record 2.88M daily transactions are driven by 'address poisoning' scams, not genuine adoption.
Cryptocurrencies
Citi: Ethereum’s Record Transaction Surge is ‘Fake’ — Scams Drive Activity
Citi analysts report that Ethereum's new all-time high in daily transactions is 80% driven by 'address poisoning' scams rather than organic adoption.
Cryptocurrencies
Trove Markets ‘Bait-and-Switch’ Torches $11M; Token Crashes 98% Amid Casino Allegations
Trove Markets abandons Hyperliquid for Solana in a surprise move that wiped out 98% of its token value, as ZachXBT links project funds to casino…
Cryptocurrencies
QumulusAI Secures $500M Onchain Credit Facility; DePIN Sector Heats Up
The GPU cloud provider bypasses Wall Street with a $500M facility backed by tokenized hardware, sparking a rally in DePIN assets.