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Aave Advances Automated AAVE Buyback Overhaul With Aavenomics 3.0

Aave founder Stani Kulechov previewed Aavenomics 3.0 on X Thursday, an automated on-chain buyback mechanism that would route all protocol and GHO revenue to AAVE holders by default, replacing the existing discretionary committee-directed program.
Strategy's Enterprise mNAV Drops Below 1 for the First Time

Strategy's enterprise market-to-NAV ratio crossed below 1 on Thursday for the first time, putting the combined weight of its debt, preferred stock, and equity above the value of its 847,363-bitcoin treasury and closing the equity-accretion channel that powered its buying spree.
Aave Confirms Aavenomics 3.0 Is Live With Buybacks and DAO Spending Cut

Aave confirmed Saturday that Aavenomics 3.0 is now active, with automated AAVE token buybacks running and DAO operational spending reduced, completing a governance roadmap the protocol has built toward since mid-2024.
AMLBot Puts Polymarket Phishing Toll at $3.1M Across 11 Wallets, Funds Traced to Ethereum

Blockchain intelligence firm AMLBot has confirmed the Polymarket supply-chain attack total at approximately $3.1 million in PUSD across 11 user wallets, with funds bridged from Polygon to Ethereum and converted to ETH. Polymarket has pledged full refunds but has not named the compromised vendor.
Strategy Authorizes up to $1.25B of Bitcoin Sales as Saylor Formalizes Capital Pivot

The largest corporate Bitcoin holder will lift its STRC preferred dividend to 12% and can now sell BTC to fund payouts and buybacks, marking a formal break from Saylor's never-sell posture
BlackRock Adds Ethena's Synthetic Dollar to Its $20T Aladdin Risk Management Platform

The world's largest asset manager will list the USDe synthetic dollar as an approved asset on its institutional risk platform, while its BUIDL fund becomes the primary backing for Ethena's whitelabel stablecoins.
OKX and Coinbase Race to Sign Up Binance's Displaced EU Users Before MiCA Deadline

OKX is offering EEA users deposit bonuses of up to 8% and Coinbase has launched a parallel transfer bonus for subscribers in eight European markets, as both licensed exchanges compete to capture users displaced by Binance's July 1 MiCA wind-down.
DraftKings Launches Proprietary Prediction Markets Exchange With $3.4B Annualized Consumer Volume

DraftKings has launched DKeX, a proprietary prediction markets exchange, reporting $3.4 billion in annualized consumer volume as it enters a field increasingly crowded by Kalshi, Polymarket, Meta Arena, and Robinhood.
CFTC Expands Polymarket Probe to Staged Trades and Fake Wins

The Commodity Futures Trading Commission is conducting a broad investigation into Polymarket covering staged trades and fake winning bets, Bloomberg reported Friday, advancing the agency’s scrutiny beyond the platform’s prior influencer scheme.
Pump.fun's PUMP Buybacks Top $400M as Token Stays Flat

The Solana launchpad's repurchases since July now exceed $400M, yet PUMP trades roughly 83% below its record and is little changed on the day
Stream Finance Starts Collecting Creditor Claims in Step Toward 'Global Resolution'

The collapsed yield protocol, whose November failure froze roughly $160 million in deposits and left an estimated $285 million owed across DeFi lending markets, is asking potential creditors to submit claim information through an online form
Ansem Airdrops $7M of $ANSEM Memecoin in Bid to Reach 1M Holders

The Solana influencer has sent roughly $6.7M in tokens to more than 700 wallets onchain, even as he controls about 60% of the supply.
JPMorgan's Kinexys Blockchain Hits $4 Trillion, Adds Five APAC Currencies

J.P. Morgan's Kinexys blockchain payments platform has processed more than $4 trillion in transactions since launch and expanded to eight currencies, adding the Australian dollar, Hong Kong dollar, Japanese yen, Chinese renminbi and Singapore dollar to serve institutional clients across
Open Standard Unveils Open USD, a Bank- and Tech-Backed Stablecoin Governed by Its Users

A consortium of more than 140 financial and technology companies introduced Open USD, a dollar stablecoin whose reserve earnings and governance are designed to flow to the businesses that adopt it rather than to a single issuer.
Magic Eden, Founders Sued by $ME Buyers Over Broken 'Utility' Promises

A nationwide class action in New York accuses the NFT marketplace and its four co-founders of marketing the token's use cases, then delaying or abandoning them as $ME fell roughly 99% from launch
Securitize Shareholders Approve Merger, Paving Way for First Publicly Traded Tokenization Company

Cantor Equity Partners II shareholders voted Monday to approve a business combination with Securitize, expected to close July 1 and list on the NYSE July 2 under ticker SECZ as the first publicly traded tokenization company in the US.
Phantom Hires Ventuals Founders After Hyperliquid Perps Venue Winds Down

The Solana wallet is bringing on the three-person team behind a pre-IPO perpetuals platform, deepening its push into derivatives.
Machi Big Brother's Hyperliquid Losses Top $80M as He Sells Bored Apes for Margin

The trader's latest Ethereum liquidation came without a fresh deposit to backstop it, a first in a months-long losing streak tracked onchain.
Lighter to Burn Repurchased LIT, Fund Staking from Ecosystem Reserve

The perpetuals exchange will start burning the LIT it buys with revenue and tap its token reserve to keep staking yields flowing.
New York Life Partners with Centrifuge on Tokenized Corporate Bonds

New York Life Investment Management is tokenizing a high-yield corporate bond strategy for the first time, partnering with Centrifuge on the NYLIM Anemoy fund settled in USDC.
Ethereum Institutional Launches as Independent Nonprofit to Court Banks and Asset Managers

A new nonprofit backed by BitMine, SharpLink and Joseph Lubin spins the Ethereum Foundation's institutional outreach work into an independent organization, the second such steward group the three backers have funded in ten days, as the Foundation itself shrinks.