DeFi Lending Giant Sky Sets Vote to Offload Wrapped Bitcoin as Justin Sun Concerns Linger
The action could impact $200 million of DeFi loans in the Sky ecosystem should the proposal pass.
Financial
May 2025
Financial
Federal Judge Threatens Ryan Salame With Sanctions After Former FTX Exec Says He Lied About Plea Deal Last Year
Ryan Salame pled guilty to campaign finance violations in September but argued Thursday that prosecutors had promised him that they would cease any criminal investigations into Michelle Bond as part of his plea deal.
Financial
Ethereum’s Vitalik Buterin Amps Up Pressure on Layer-2 Networks to Decentralize Further
In 2022, Buterin proposed a set of stages for rollups, to classify them in their pursuit of decentralization. The criteria is meant to showcase that rollups tend to rely on “training wheels” and deploy their protocols to users before it’s ready to fully decentralize.
Financial
Stablecoins Increasingly Used for Savings, Payments in Emerging Countries, but Crypto Trading Still Leads: Report
Commissioned by Brevan Howard and Castle Island Hill, the survey covered more than 2,500 crypto users in Brazil, Nigeria, Turkey, Indonesia and India.
Financial
U.S. Election Betting: CFTC Loses Last-Minute Bid to Halt Kalshi Contract
The agency plans to appeal the case brought by the prediction market platform, and could still ask the higher court to stop the firm from listing the contracts.
Financial
Stablecoin Giant Circle Is Moving Its Headquarters to New York City
The USDC issuer will move into One World Trade Center, and New York Mayor Eric Adams – who has sought to make the city a crypto hub – will attend the Friday ribbon cutting.
Financial
YieldNest Unveils First Liquid-Restaking Token on BNB Chain as Return-Boosting Strategy Gains Ground
Users will also earn “Seeds” points when restaking, which can eventually be converted into token airdrops.
Financial
WeWork Founder’s Climate Firm Refunds Crypto Token Holders After Failed Launch: Forbes
Flowcarbon, which raised $70 million from investors like Andreessen Horowitz, aims to tokenize carbon credits, but the token never launched.
Financial
Tune.FM, Music Streaming Project on Hedera Blockchain, Gets $50M Capital Commitment
The news comes just eight months after Tune.FM shared it had raised $20 million in a funding round.
Financial
Crypto for Advisors: Tokenization of Real World Assets
Real World Assets could help stabilize crypto volatility impacts on performance while streamlining portfolio management.