Yuga Labs Recovers 68 NFTs After Flooring Protocol Exploit
Yuga Labs secured 68 NFTs valued at more than $500,000 following an exploit on Flooring Protocol. The assets are being held temporarily pending protocol fixes.
Radiant Capital Winds Down DAO After Unrecovered $50M Exploit
Radiant Capital has started an orderly wind-down of its DAO after failing to recover more than $50 million lost in a 2024 exploit. Borrowing is disabled and RDNT emissions have ended.
OpenPayd Plans $1.145B Nasdaq Listing via SPAC Merger
OpenPayd plans to go public on Nasdaq through a $1.145 billion merger with Titan Acquisition Corp. The company aims to expand its stablecoin and fiat payment infrastructure.
News | Regulation | Security
ECB Summons Banks Over AI Cyber Risks From Claude Mythos
The European Central Bank has summoned 111 major banks to discuss cybersecurity risks linked to advanced AI models. Officials warn that faster exploit discovery requires quicker patch deployment.
News | Regulation | Security
StablR Stablecoins Depeg After $2.8M Exploit on Ethereum
StablR’s EURR and USDR stablecoins lost their pegs on Ethereum after a private key compromise enabled unauthorized minting. About $2.8 million was extracted.
Kraken Secures Dubai VARA Approval, Expands UAE Presence
Kraken has obtained preliminary approval from Dubai’s VARA to offer trading and institutional services. The move places it alongside Binance, OKX, and Crypto.com in the UAE market.
Japan Opens Payment System to Foreign Stablecoins
Japan’s Financial Services Agency will recognize qualifying foreign stablecoins as regulated payment instruments from June 1, 2026. In the US, the Senate Banking Committee has advanced the CLARITY Act.
Crypto.com Secures UAE SVF License for Government Crypto Payments
Crypto.com has obtained the UAE’s first SVF license for a Virtual Asset Service Provider, allowing it to process digital asset payments for Dubai government fees under Central Bank rules.
Crypto Whales Sell $238M, Highlight DCA Strategy
In A Nutshell A notable Solana whale has continued its selling streak by transferring approximately $2.8 million worth of SOL tokens to various exchanges, cumulatively reaching an $84 million disposal this year. Concurrently, an Ethereum whale has been actively offloading a significant amount of ETH, totaling sales of $154 million. These activities spotlight the dollar-cost…
Ethereum DeFi TVL Drops 17% as Solana Grows
In A Nutshell The Ethereum network has experienced a significant decline in its burn rate, coinciding with a 17% tumble in its Total Value Locked (TVL) in the decentralized finance (DeFi) sector. This downturn is starkly contrasted by the surge in DeFi TVL seen by Ethereum’s rival, the Solana network, which has increased nearly fourfold…