Lido DAO initiates emergency vote to swap compromised oracle after cybersecurity incident

https://x.com/LidoFinance/status/1921534362232787004

Former FTX EU customers may now complete the two-step process to claim their Euro funds via Backpack EU

https://x.com/Backpack/status/1921820800912425095

Binance Futures Launched USDⓈ-Margined OGUSDT Perpetual Contract with up to 50x leverage

https://www.binance.com/en/support/announcement/detail/4aba6c55d1184c26bd5fb631c6624a72

ICON Project rebrands as SODAX, migrating DeFi infrastructure to Sonic

SODAX introduces a new intent-based execution that enables seamless swaps, lending, and borrowing across 12+ chains, all routed through protocol-owned liquidity and delivered via a composable SDK stack. Unlike most DeFi apps, SODAX lets users seamlessly move between assets and blockchains. Intent-based execution handles any need to bridge or wrap tokens in the backend.

https://cointelegraph.com/press-releases/icon-project-rebrands-as-sodax-migrating-de-fi-infrastructure-to-sonic

BitGo has received a Markets in Crypto-Assets Regulation (MiCA) license from Germany’s Federal Financial Supervisory Authority (BaFin)

https://www.bitgo.com/resources/blog/bitgo-secures-mica-license-to-expand-digital-asset-services-across-the-eu/

Strategy has acquired 13,390 BTC for ~$1.34 billion at ~$99,856 per bitcoin

As of 5/11/2025, it holds 568,840 BTC acquired for ~$39.41 billion at ~$69,287 per bitcoin.

https://x.com/Strategy/status/1921898698264514874

BlackRock files to allow in-kind redemptions for its Ethereum Trust, enabling direct ETH buybacks

https://listingcenter.nasdaq.com/assets/rulebook/nasdaq/filings/SR-NASDAQ-2025-038.pdf

Pump.fun Creator Revenue Sharing is here

50% of PumpSwap Revenue is now shared with Coin Creators.

https://x.com/pumpdotfun/status/1921941742854512924

Ex-Cardano CMO Adam Bates is joining as XION's CMO

https://twitter.com/burnt_xion/status/1921923147642663047

Gate.io Startup Prime will officially be upgraded and renamed to Gate.io Launchpad

The first Launchpad project, Puffverse (PFVS), is about to launch its commitment round.

Token Symbol: PFVS
Token Type: Ronin
Commitment Price: 1 PFVS = 0.07 USDT
Total Committed Tokens: 10,000,000 PFVS
Commitment Method: USDT commitment
Maximum Token Limit Per User Can Earn: 10,000 PFVS
Commitment Time: From May 13, 2025, 03:00 to May 16, 2025, 12:00 UTC
Distribution Time: Will be distributed on TGE date
Spot Trading Time: Before the end of May
Unlock Method: 100% Unlock
Total Token Supply: 1,000,000,000

https://www.gate.io/announcements/article/44878

Charles Hoskinson says Cardano wants to be the first blockchain with a privacy stablecoin

https://www.dlnews.com/articles/defi/cardano-founder-says-he-wants-to-create-a-privacy-stablecoin/

The crypto market correction
BTC Dominance - 61.61%

Market Cap - $3.29T
BTC - $102,229.55 (-1.68%)
ETH - $2,438.76 (-3.12%)
XRP - $2.45 (+2.26%)
BNB - $645.52 (-1.69%)
SOL - $168.54 (-4.16%)
SUI - $3.87 (-6.35%)

https://dropstab.com

Coinbase to join S&P 500

Coinbase will replace Discover Financial Services in the S&P 500 effective prior to the opening of trading on Monday, May 19.
S&P 500 constituent Capital One Financial Corp. is acquiring Discover Financial Services in a deal expected to be completed soon, pending final closing conditions.

https://www.spglobal.com/spdji/en/documents/indexnews/announcements/20250512-1478052/1478052_dfs5.pdf

TRUMP Top Holders Dinner

Participants are selected, all TRUMP holders will receive NFTs.

https://x.com/GetTrumpMemes/status/1922004163980100077

New York Mayor Calls on Crypto Companies to Develop Business in the City, Announces First Crypto Summit

At a press conference on May 12, he invited crypto companies to open offices in the metropolis and announced Crypto Summit NYC, which will take place next week.

https://www.coindesk.com/policy/2025/05/12/new-york-mayor-eric-adams-to-crypto-industry-come-build-an-empire-in-nyc

Radiant DAO community releases a proposal to "compensate for losses caused by unlimited authorization vulnerabilities"

https://community.radiant.capital/t/feedback-104-survey-remediation-of-unlimited-allowance-exploit-losses/2222

Dubai Finance signs MoU with Crypto.com to enable cryptocurrency payments for government fees in pioneering global move

https://mediaoffice.ae/en/news/2025/may/12-05/dubai-finance-signs-mou-with-cryptocom

Hong Kong crypto investment company Animoca Brands is planning to go public in New York.

https://www.ft.com/content/cebe6fb8-4aff-406e-8ece-ad131306f858

Yakovenko: “There should be a meta blockchain. Post data anywhere, Ethereum, celestia, Solana, and use a specific rule to merge data from all the chains into a single ordering. This would actually allow the meta chain to use cheapest currently available DA offer.

Simple way to do this would be for the tx to reference the latest block headers from the potential DA layers. So MetaTX posted to Solana would included the last observed block form eth and celestia. This would mean it is guaranteed to be ordered after eth and celestia txs.”

https://x.com/aeyakovenko/status/1921938656924737602