▶️Crypto News & Updates
💠Fidelity to launch dollar-backed stablecoin FIDD on Ethereum in coming weeks
- The stablecoin will be issued by Fidelity Digital Assets' national trust bank and redeemable one-to-one for U.S. dollars through Fidelity platforms
- Fidelity said it will manage FIDD's reserves internally, leaning on its asset management arm to oversee backing and custody
💠Ethereum developer Griff Green, who helped found The DAO, said unclaimed funds from its infamous 2016 hack will be redeployed to launch a new Ethereum security initiative
- Around 20% of the original DAO recovery funds, once worth $6 million and now estimated at around $200 million, were never claimed by affected users
- TheDAO Security Fund, plans to stake roughly 75,000 ETH and use the yield to finance ongoing security operations
💠Binance said it will convert its $1 billion SAFU insurance fund from stablecoins into bitcoin over the next 30 days
- Binance pledged to regularly audit and rebalance the fund to keep it near $1 billion if volatility drags its value down
💠Vitalik Buterin commits roughly $45 million in ETH to open-source security and privacy projects
- Buterin said the funds will support a full-stack push spanning software, hardware, and privacy tools over the next few years, aimed at strengthening self-sovereignty across the Ethereum ecosystem
💠Andre Cronje's Flying Tulip raises additional $75.5 million at $1 billion token valuation
- A separate $200 million allocation has also been set aside for CoinList, which is beginning next week
- Flying Tulip plans to open additional whitelist rounds to fill the remainder of its targeted $1 billion raise
- Flying Tulip is building an onchain exchange that brings multiple DeFi functions into a single system. The platform combines spot trading, perpetual futures, lending, and a native stablecoin called ftUSD, with plans to add insurance and options over time.
💠Lighter announces Lighter EVM, an EVM-equivalent rollup natively interoperating with Lighter
- As a general purpose rollup, Lighter EVM will be secured by the OpenVM zkVM, while maintaining compatibility with the existing core Lighter financial engine powering perps and spot trading
💠SEC Chair Paul Atkins stated that crypto innovation exemptions (covering tokenized securities, DeFi, etc.) may not be released this month or next
- Wall Street giants JPMorgan, Citadel, and SIFMA met with the SEC's crypto task force to express concerns about the exemptions' economic impact
💠Kazakhstan's central bank investment subsidiary NIC announced plans to bolster national crypto reserves using cryptocurrencies seized by law enforcement, gold, and foreign currency, allocating $350 million
💠Trump Appoints Kevin Warsh as new Fed Chair
💠Fidelity to launch dollar-backed stablecoin FIDD on Ethereum in coming weeks
- The stablecoin will be issued by Fidelity Digital Assets' national trust bank and redeemable one-to-one for U.S. dollars through Fidelity platforms
- Fidelity said it will manage FIDD's reserves internally, leaning on its asset management arm to oversee backing and custody
💠Ethereum developer Griff Green, who helped found The DAO, said unclaimed funds from its infamous 2016 hack will be redeployed to launch a new Ethereum security initiative
- Around 20% of the original DAO recovery funds, once worth $6 million and now estimated at around $200 million, were never claimed by affected users
- TheDAO Security Fund, plans to stake roughly 75,000 ETH and use the yield to finance ongoing security operations
💠Binance said it will convert its $1 billion SAFU insurance fund from stablecoins into bitcoin over the next 30 days
- Binance pledged to regularly audit and rebalance the fund to keep it near $1 billion if volatility drags its value down
💠Vitalik Buterin commits roughly $45 million in ETH to open-source security and privacy projects
- Buterin said the funds will support a full-stack push spanning software, hardware, and privacy tools over the next few years, aimed at strengthening self-sovereignty across the Ethereum ecosystem
💠Andre Cronje's Flying Tulip raises additional $75.5 million at $1 billion token valuation
- A separate $200 million allocation has also been set aside for CoinList, which is beginning next week
- Flying Tulip plans to open additional whitelist rounds to fill the remainder of its targeted $1 billion raise
- Flying Tulip is building an onchain exchange that brings multiple DeFi functions into a single system. The platform combines spot trading, perpetual futures, lending, and a native stablecoin called ftUSD, with plans to add insurance and options over time.
💠Lighter announces Lighter EVM, an EVM-equivalent rollup natively interoperating with Lighter
- As a general purpose rollup, Lighter EVM will be secured by the OpenVM zkVM, while maintaining compatibility with the existing core Lighter financial engine powering perps and spot trading
💠SEC Chair Paul Atkins stated that crypto innovation exemptions (covering tokenized securities, DeFi, etc.) may not be released this month or next
- Wall Street giants JPMorgan, Citadel, and SIFMA met with the SEC's crypto task force to express concerns about the exemptions' economic impact
💠Kazakhstan's central bank investment subsidiary NIC announced plans to bolster national crypto reserves using cryptocurrencies seized by law enforcement, gold, and foreign currency, allocating $350 million
💠Trump Appoints Kevin Warsh as new Fed Chair
Bitcoin got raped
- Saylor's average entry price tested
- Price reached the lows it had touched during the tariff war crash
- Chart looking ugly on most timeframes. Only some hope on the weekly.
- If you add up, all the liquidations we've seen in 2025 and this year, it'd probably be more than what we saw during the ftx and Luna crash.
Otoh, 70-75k zone has been tested a lot. Whales better hold the fort.
- Saylor's average entry price tested
- Price reached the lows it had touched during the tariff war crash
- Chart looking ugly on most timeframes. Only some hope on the weekly.
- If you add up, all the liquidations we've seen in 2025 and this year, it'd probably be more than what we saw during the ftx and Luna crash.
Otoh, 70-75k zone has been tested a lot. Whales better hold the fort.
❤2
This dump was completely unexpected.
I’ve been studying technical analysis my whole life, and there were zero signs.
If anyone saw this coming, you’re a genius… because it was pure market manipulation, impossible to predict.
I’ve been studying technical analysis my whole life, and there were zero signs.
If anyone saw this coming, you’re a genius… because it was pure market manipulation, impossible to predict.
🤣3
▶️Crypto News & Updates
🔷Hyperliquid tests 'Outcomes,' moving into booming prediction markets (HIP-4)
- The Outcomes framework introduces fully collateralized, bounded contracts that behave like binary options without leverage, margin calls, or liquidation risk
- Outcomes will settle in Hyperliquid's USDH stablecoin and run on HyperCore
🔷Michael Saylor's Strategy has acquired 855 BTC for ~$75.3 million at ~$87,974 per bitcoin
- now holds 713,502 $BTC acquired for ~$54.26 billion at ~$76,052 per bitcoin
🔷Tom Lee’s BitMine Ethereum holdings rose to 4.285 million
- after acquiring 41,788 $ETH ($96.9 million) over the past week
- representing roughly 3.6% of total ETH supply
🔷Step Finance, a Solana-based DeFi platform and portfolio tracker, recently suffered a major security breach where multiple treasury and fee wallets were compromised.
- The attack resulted in the theft of approximately 261,854 SOL tokens, valued between $27-40 million depending on market fluctuations at the time
- The incident was attributed to a compromise of a company executive's personal device, allowing unauthorized access
🔷Jupiter secured a $35 million strategic investment from ParaFi Capital
- The deal involved purchasing JUP tokens at market price with no discounts and an extended lockup period
- settled entirely in Jupiter's native stablecoin, JupUSD
- Many other announcements came from Jupiter during its Catlampurr event
🔷Hyperliquid tests 'Outcomes,' moving into booming prediction markets (HIP-4)
- The Outcomes framework introduces fully collateralized, bounded contracts that behave like binary options without leverage, margin calls, or liquidation risk
- Outcomes will settle in Hyperliquid's USDH stablecoin and run on HyperCore
🔷Michael Saylor's Strategy has acquired 855 BTC for ~$75.3 million at ~$87,974 per bitcoin
- now holds 713,502 $BTC acquired for ~$54.26 billion at ~$76,052 per bitcoin
🔷Tom Lee’s BitMine Ethereum holdings rose to 4.285 million
- after acquiring 41,788 $ETH ($96.9 million) over the past week
- representing roughly 3.6% of total ETH supply
🔷Step Finance, a Solana-based DeFi platform and portfolio tracker, recently suffered a major security breach where multiple treasury and fee wallets were compromised.
- The attack resulted in the theft of approximately 261,854 SOL tokens, valued between $27-40 million depending on market fluctuations at the time
- The incident was attributed to a compromise of a company executive's personal device, allowing unauthorized access
🔷Jupiter secured a $35 million strategic investment from ParaFi Capital
- The deal involved purchasing JUP tokens at market price with no discounts and an extended lockup period
- settled entirely in Jupiter's native stablecoin, JupUSD
- Many other announcements came from Jupiter during its Catlampurr event
As bitcoin price collapses, I should remind you that intermittent fasting is good for health. Restaurant food is unreliable because you do not have control over ingredients. Homemade instant coffee is just as good as Starbucks coffee.
🥰3❤1
▶️Crypto News & Updates
🔷Tether launches open-source Bitcoin mining OS
- MiningOS (MOS), an open-source operating system designed to manage, monitor, and automate bitcoin mining operations from small setups to industrial-scale sites
- The system uses a modular, peer-to-peer architecture to coordinate hardware, energy use, device health, and site infrastructure within a single operational layer
🔷Vitalik Buterin said Ethereum's rollup-centric roadmap, which he previously championed, no longer makes sense
- arguing Layer 2s have decentralized far more slowly than expected while the base layer has continued to scale
- Buterin reframed their role, urging teams to pursue clear value-adds beyond scaling while highlighting renewed emphasis on base-layer upgrades such as enshrined ZK-EVM proofs
🔷Opinion said it raised $20 million in a pre-Series A funding round backed by firms including Hack VC and Jump Crypto
- The platform settles markets entirely onchain, positioning itself closer to Polymarket than centralized rival Kalshi
🔷TRM Labs notches $1 billion valuation with new $70 million funding round
- Series C funding round, led by its seed investor Blockchain Capital, along with Goldman Sachs, Bessemer, Brevan Howard, Thoma Bravo, and Citi Ventures
🔷Coinbase has launched a prediction market platform, Coinbase Predict
- allowing users to trade on real-world events across sports, politics, crypto, and culture, available in all 50 U.S. states
🔷Binance’s SAFU fund purchased an additional 1,315 BTC worth $100.42 million
- bringing its total acquisition over the past two days to 2,630 BTC valued at $201.12 million
🔷Crypto.com has launched OG, a new U.S.-focused prediction market app
- OG offers regulated sports event contracts alongside financial, political, and cultural event markets, with plans to introduce margin trading—making it the first prediction market platform to do so
🔷CME Group CEO Terry Duffy indicated that the company is exploring launching its own token that could operate on a decentralized network
- as per CoinDesk
- The CME declined to clarify whether this “coin” would function as a stablecoin, settlement token or something else entirely
- the firm is also collaborating with Google on a “tokenized cash” solution set to launch later this year
🔷Tether launches open-source Bitcoin mining OS
- MiningOS (MOS), an open-source operating system designed to manage, monitor, and automate bitcoin mining operations from small setups to industrial-scale sites
- The system uses a modular, peer-to-peer architecture to coordinate hardware, energy use, device health, and site infrastructure within a single operational layer
🔷Vitalik Buterin said Ethereum's rollup-centric roadmap, which he previously championed, no longer makes sense
- arguing Layer 2s have decentralized far more slowly than expected while the base layer has continued to scale
- Buterin reframed their role, urging teams to pursue clear value-adds beyond scaling while highlighting renewed emphasis on base-layer upgrades such as enshrined ZK-EVM proofs
🔷Opinion said it raised $20 million in a pre-Series A funding round backed by firms including Hack VC and Jump Crypto
- The platform settles markets entirely onchain, positioning itself closer to Polymarket than centralized rival Kalshi
🔷TRM Labs notches $1 billion valuation with new $70 million funding round
- Series C funding round, led by its seed investor Blockchain Capital, along with Goldman Sachs, Bessemer, Brevan Howard, Thoma Bravo, and Citi Ventures
🔷Coinbase has launched a prediction market platform, Coinbase Predict
- allowing users to trade on real-world events across sports, politics, crypto, and culture, available in all 50 U.S. states
🔷Binance’s SAFU fund purchased an additional 1,315 BTC worth $100.42 million
- bringing its total acquisition over the past two days to 2,630 BTC valued at $201.12 million
🔷Crypto.com has launched OG, a new U.S.-focused prediction market app
- OG offers regulated sports event contracts alongside financial, political, and cultural event markets, with plans to introduce margin trading—making it the first prediction market platform to do so
🔷CME Group CEO Terry Duffy indicated that the company is exploring launching its own token that could operate on a decentralized network
- as per CoinDesk
- The CME declined to clarify whether this “coin” would function as a stablecoin, settlement token or something else entirely
- the firm is also collaborating with Google on a “tokenized cash” solution set to launch later this year
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▶️Crypto News & Updates
💠Binance SAFU Fund has purchased another 4,225 BTC worth about $299.6 million
- bringing its total accumulation to 10,455 BTC valued at roughly $734 million
- SAFU Fund address: 1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD
💠Tether announced a strategic investment in t-0 network
- a USD₮-powered settlement network for licensed financial institutions
- aiming to enable near-instant, low-cost cross-border payments by using stablecoins as the core settlement layer
💠Maple Finance's frontend was compromised
- "Smart contracts were unaffected and user deposits are safe. We will provide further updates here and notify users when the web application is back online."
💠Michael Saylor's Strategy has acquired 1,142 BTC for ~$90.0 million at ~$78,815 per bitcoin
- Strategy now holds 714,644 $BTC acquired for ~$54.35 billion at ~$76,056 per bitcoin
💠Tom Lee's Bitmine Immersion Technologies (BMNR) said it added around 40,600 ETH in the past week
- Its ETH holdings reached 4.326 million ETH, about 3.58% of total supply
💠Founders of Farcaster, Dan Romero & Varun Srinivasan, announced they're joining the Stripe & Paradigm backed stablecoin chain Tempo
💠Binance SAFU Fund has purchased another 4,225 BTC worth about $299.6 million
- bringing its total accumulation to 10,455 BTC valued at roughly $734 million
- SAFU Fund address: 1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD
💠Tether announced a strategic investment in t-0 network
- a USD₮-powered settlement network for licensed financial institutions
- aiming to enable near-instant, low-cost cross-border payments by using stablecoins as the core settlement layer
💠Maple Finance's frontend was compromised
- "Smart contracts were unaffected and user deposits are safe. We will provide further updates here and notify users when the web application is back online."
💠Michael Saylor's Strategy has acquired 1,142 BTC for ~$90.0 million at ~$78,815 per bitcoin
- Strategy now holds 714,644 $BTC acquired for ~$54.35 billion at ~$76,056 per bitcoin
💠Tom Lee's Bitmine Immersion Technologies (BMNR) said it added around 40,600 ETH in the past week
- Its ETH holdings reached 4.326 million ETH, about 3.58% of total supply
💠Founders of Farcaster, Dan Romero & Varun Srinivasan, announced they're joining the Stripe & Paradigm backed stablecoin chain Tempo
▶️Crypto News & Updates
💠LayerZero announced a a new blockchain called Zero designed to meet the needs of Wall Street
- Citadel Securities, ARK’s Cathie Wood, Intercontinental Exchange(parent company of NYSE) & Tether are joining as investors, partners, and advisors
💠Polymarket announced a partnership with Kaito AI to launch “attention markets”
- allowing users to trade on public attention and sentiment toward trends, brands, and individuals based on social media data
💠Backpack Exchange announced complicated TGE & IPO plan for its token and DAT
- Team tokens (37.5%) to be held by a DAT and team will hold equity in that DAT
- Users to get 25% tokens as airdrop at TGE
- Balance 37.5% to also go to users with unlocking based on milestones
💠Circle Ventures made a strategic investment in edgeX
- a decentralized perpetual futures trading platform/DEX built on its own EDGE Chain (an L3 on Arbitrum)
- edgeX will integrate native USDC and
- Circle's Cross-Chain Transfer Protocol (CCTP) will enable seamless, secure USDC transfers across supported chains
💠Robinhood launched the public testnet for Robinhood Chain, an Ethereum Layer 2 built on Arbitrum
💠BlackRock is enabling direct onchain trading of its $2.4 billion tokenized Treasury fund BUIDL
- via UniswapX in collaboration with Securitize and Uniswap Labs
- BlackRock also purchased an undisclosed amount of UNI
💠Binance has successfully completed the final tranche purchase of 4,545 BTC
- finalizing the $1 billion transition of SAFU stablecoin reserves into Bitcoin
- SAFU now holds 15,000 #BTC, worth $1,005,000,000 USD at the time of completion (calculated at a BTC price of $67,000)
💠LayerZero announced a a new blockchain called Zero designed to meet the needs of Wall Street
- Citadel Securities, ARK’s Cathie Wood, Intercontinental Exchange(parent company of NYSE) & Tether are joining as investors, partners, and advisors
💠Polymarket announced a partnership with Kaito AI to launch “attention markets”
- allowing users to trade on public attention and sentiment toward trends, brands, and individuals based on social media data
💠Backpack Exchange announced complicated TGE & IPO plan for its token and DAT
- Team tokens (37.5%) to be held by a DAT and team will hold equity in that DAT
- Users to get 25% tokens as airdrop at TGE
- Balance 37.5% to also go to users with unlocking based on milestones
💠Circle Ventures made a strategic investment in edgeX
- a decentralized perpetual futures trading platform/DEX built on its own EDGE Chain (an L3 on Arbitrum)
- edgeX will integrate native USDC and
- Circle's Cross-Chain Transfer Protocol (CCTP) will enable seamless, secure USDC transfers across supported chains
💠Robinhood launched the public testnet for Robinhood Chain, an Ethereum Layer 2 built on Arbitrum
💠BlackRock is enabling direct onchain trading of its $2.4 billion tokenized Treasury fund BUIDL
- via UniswapX in collaboration with Securitize and Uniswap Labs
- BlackRock also purchased an undisclosed amount of UNI
💠Binance has successfully completed the final tranche purchase of 4,545 BTC
- finalizing the $1 billion transition of SAFU stablecoin reserves into Bitcoin
- SAFU now holds 15,000 #BTC, worth $1,005,000,000 USD at the time of completion (calculated at a BTC price of $67,000)