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Mantle Tokenholders Back Aave Credit Facility After rsETH Exploit
Mantle tokenholders backed a proposal authorizing a credit facility of up to 30,000 Ether (ETH), worth about $68 million, for Aave DAO, advancing remediation tied to bad debt from the April rsETH exploit.The proposal, MIP-34, passed in a…
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DeFi App Legend Shuts Down After Missing Growth Targets
Decentralized finance mobile “superapp” Legend has announced it is winding down after about two years of operation, adding to a string of crypto apps deciding to shut down this year. Legend was a DeFi aggregator that aimed to bring DeFi to…
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Iran Central Bank’s OFAC-Sanctioned Tron Wallets Mapped by Arkham
Blockchain analytics platform Arkham has published what it says is a public, onchain map of crypto wallets attributed to Iran’s central bank, making a pair of US-sanctioned Tron addresses publicly searchable for investigators and the wider…
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CFTC Backs Kalshi in Ohio Appeals Court Fight
The US Commodity Futures Trading Commission has backed Kalshi in the company’s legal fight against the state of Ohio, asking an appeals court to affirm that the regulator has jurisdiction over prediction markets.The CFTC filed an amicus…
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Kelp DAO, Aave Advances rsETH Recovery
Ethereum liquid restaking platform Kelp and decentralized lending protocol Aave have completed a series of steps to restore rsETH backing, including burning the exploiter’s rsETH tokens.Kelp DAO detailed a post-exploit recovery for its…
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Elliptic Raises $120 Million in Series D Led by One Peak and Nasdaq
Key TakeawaysElliptic secured $120 million on May 12, 2026, boosting its valuation to $670 million for onchain analytics.Nasdaq Ventures and Deutsche Bank joined the Series D, signaling deep institutional trust in crypto compliance.Elliptic…
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Whitehat Returns $190K to Renegade After Hacking Them
The team behind the Renegade.fi protocol said a whitehat hacker returned about $190,000 after exploiting one of its Arbitrum-based decentralized dark pools and later complying with instructions in an onchain message to return 90% of the…
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Galaxy, Sharplink Launch $125M Institutional DeFi Fund Using ETH Treasury
Digital asset company Galaxy and Ethereum treasury platform Sharplink will launch a private fund that will invest Ether in decentralized finance (DeFi) strategies, signaling growing institutional interest in earning onchain yield from…
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Bitcoin Market Structure Continues to Improve as Bullish Undertones Build: Glassnode
Bitcoin momentum above $80,000 is slowly building as its market structure improves, according to Glassnode analysis.
Bitcoin has spent the last week grinding higher…
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CLARITY Can Bring Crypto Industry Back to US: Attorney
Passing the Digital Asset Market Clarity Act of 2025, also known as CLARITY, will help to reshore the crypto industry in the United States, according to Bill Hughes, the senior counsel and director of global regulatory matters at Consensys,…
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