ZKasino resurfaces with promises of returning investor funds but skepticism abounds

ZKasino, a DeFi platform recently embroiled in controversy, announced that it will return stolen funds to its investors at a 1:1 ratio. The platform, which Dutch authorities recently charged with stealing $30... Read more »

DeFi protocol Aave to launch bespoke blockchain following V4 upgrade

DeFi protocol Aave plans to launch an “Aave Network” chain after completing its V4 upgrade. Stani Kulechov, the lending protocol’s founder, revealed this in a May 27 social media post, saying: “This... Read more »

JP Morgan believes Solana and other crypto ETFs unlikely to secure regulatory approval

JP Morgan managing director and global market strategist Nikolaos Panigirtzoglou said ETFs for Solana (SOL) and other assets are unlikely to succeed. In a statement to The Block on May 27, Panigirtzoglou... Read more »

Elon Musk’s xAI leaps to $24 billion valuation with $6 billion funding round

Artificial intelligence firm xAI has secured $6 billion in a Series B funding round, according to a May 27 statement. Elon Musk, the company’s founder, revealed that its pre-money valuation was $18... Read more »

Ethereum Foundation considering formal conflict of interest policy after community backlash

Ethereum Foundation (EF) is considering implementing a formal conflict of interest policy following backlash over two prominent developers joining EigenLayer as advisors. Executive director Aya Miyaguchi addressed the issue in a social... Read more »

The blockchain antihero or just a cheap casino?

The following is a guest post from Ashton Wolfe, the managing partner at MohrWolfe. In the whirlwind world of crypto, Solana often becomes the center of debate. Renowned for its unparalleled speed... Read more »

There’s a DElephant in the room and DePIN can usher it out of the door

The following is a guest post from Venket Naga, CEO at Serenity Shield. Would you give a stranger the keys to your house, permitting them to do whatever they wanted with the... Read more »

Farallon Capital discloses $85 million in GBTC, Cetera discloses $22 million in GBTC

Farallon Capital Management, Cetera Investment Advisers, and BigSur Wealth Management have reported multi-million dollar investments in spot Bitcoin ETFs in the first quarter. Farallon Capital, a San Francisco-based hedge fund manager, disclosed... Read more »

Coinbase claims SEC is trying to ‘side-step’ Howey test in latest appeal attempt

Coinbase believes the SEC is trying to “side-step” the Howey test by avoiding the question of whether a digital asset transaction carrying no post-sale obligations can be an investment contract. The exchange... Read more »

Why staking was removed from Ethereum ETFs to get SEC approval

The removal of staking from Ethereum ETFs has been driven by regulatory pressures from the US Securities and Exchange Commission (SEC). Issuers amended their ETF filings to exclude staking provisions prior to... Read more »