In brief Aave and a coalition of DeFi protocols are mounting a coordinated recovery effort dubbed “DeFi United” to absorb bad debt from the April 18 KelpDAO exploit. Commitments span multiple platforms with Aave founder Stani Kulechov contributing 5,000 ETH personally. Mantle has proposed a credit facility of up to 30,000 ETH to support Aave…
In brief U.S. president Donald Trump said the world has become “somewhat of a casino” following the rise of prediction markets. A U.S. soldier has been charged with using classified information to profit on Maduro-related bets. Trump’s son, Donald Jr. serves as an advisor to prediction markets Polymarket and Kalshi. U.S. President Donald Trump on…
Besides freezing crypto, the strike force also seized a Telegram channel used to recruit unsuspecting job seekers and took down 503 fake crypto investment websites. Source link
The White House has reportedly confirmed that US President Donald Trump will attend the exclusive event for top TRUMP memecoin holders at his Florida residence on Saturday, after questions were raised earlier this month over whether he would attend. Reuters reported on Friday that the White House confirmed Trump would deliver a keynote address at…
Trading firm Jane Street has asked a US court to toss a lawsuit brought by the administrator of the bankrupt Terraform Labs, accusing the company of insider trading that worsened the collapse of the Terra ecosystem. In a motion to dismiss filed in a Manhattan federal court on Thursday, Jane Street argued Terraform’s suit was…
The White House’s office of technology policy said that foreign entities are using proxy accounts and jailbreaking techniques to distill capabilities from American AI models. Source link
Stablecoin issuers must invest a minimum of $10 million into Morgan Stanley’s money market fund, MSNXX, to access the stablecoin reserve offering. Source link
Mantle, EtherFi Foundation, Golem Foundation, Lido DAO, Ethena, LayerZero, Ink Foundation and Tyrdo have all made pledges to the “DeFi United” recovery effort. Source link
US prosecutors alleged that Gannon Ken Van Dyke asked Polymarket to delete his account after profiting from trades tied to the military operation in Venezuela. Source link
Bitcoin’s rally above $79,000 may be a sign that the downtrend is ending, but a multi-day candle close above $80,000 would help strengthen the odds of a trend change holding. Source link