Hyperion DeFi to deploy 500K HYPE for Hyperliquid HIP-3 markets
The deal gives Hyperion an equity stake in Skew and a share of listing-service revenue as it expands the utility of its HYPE treasury assets.
Digital Assets
A bitcoin wallet dormant since the 2017 peak just moved $383 million
A bitcoin address that had not spent a coin in eight years moved 5,908 BTC worth about $383 million on Thursday, data shows.
U.S. Senate unanimously opposes clemency for FTX founder Sam Bankman-Fried
The Senate agreed Wednesday that Sam Bankman-Fried should never receive clemency, passing a resolution that states the FTX founder should "under no circumstances" get a pardon or commutation.
Base’s social bet left it trailing in prediction markets and perps: Pollak
Base creator Jesse Pollak is stepping back from leadership of the Base App after admitting he was “definitively wrong” to bet on social experiences driving crypto adoption.
Ether outruns bitcoin as ETF money returns, almost all of from BlackRock's fund
Ether is the only large-cap crypto asset doing much of anything this week, and the softer U.S. inflation print that lifted the market on Tuesday does not explain it.
OpenAI Uses AI Red Team to Strengthen GPT-5.6 Against Prompt Injection Attacks
OpenAI has introduced GPT-Red, an automated AI system designed to find security vulnerabilities in its language models.
Coinbase's Jesse Pollak steps back from Base app leadership after admitting his crypto social strategy failed
Coinbase’s Jesse Pollak said he is stepping back from leading the Base app after acknowledging that his bet on an onchain social economy failed to drive crypto adoption as he had expected.
Why Analysts Aren’t Worried About Coinbase’s 30% Drop
Coinbase (COIN) and Circle (CRCL) each rose roughly 3–4% on Wednesday after William Blair—a Chicago-based investment bank founded in 1935 that most equity investors know from tech and growth coverage—…
BlackRock, Goldman, and JP Morgan Will Give Tokenized Stocks a Try
The Depository Trust & Clearing Corporation, the clearinghouse that processes U.S. securities transactions, on Wednesday launched a pilot to test tokenized stocks and U.S. Treasuries with nearly 40 fi…
Base Creator Jesse Pollak Steps Back From App Leadership After Admitting Social Bet 'Was Wrong'
Jesse Pollak is stepping back from leading the Base App, handing responsibility for the product back to Coinbase while shifting his full attention to growing Base as a blockchain for global finance.
Revolut receives in-principle approval from UAE authorities for crypto services
Dubai’s Virtual Assets Regulatory Authority approved the London-headquartered fintech company for broker-dealer, management and investment, and exchange services in the UAE.
Stanford study says 5-minute Bitcoin prediction markets enable settlement manipulation
Researchers found that Polymarket’s five-minute Bitcoin prediction markets create incentives to manipulate spot prices around contract settlement, proposing longer settlement windows as a potential fi…
What Is BIP-110 and Why Is It Dividing the Bitcoin Community?
A proposal to change Bitcoin's consensus rules has divided developers, miners, companies, and users over how the network should evolve and who gets to decide.
Meet Bonsai: The First 27B AI Model That Fits on Your Phone
I models eat up a lot of memory. A 27-billion-parameter AI model, considered medium-sized by industry standards, needs roughly 54 GB of memory to run on half precision. Most laptops can't hold that. S…
DTCC moves tokenized securities into live trading, marking a milestone for Wall Street's blockchain push
The Depository Trust & Clearing Corporation (DTCC), the backbone of the U.S. securities settlement system, on Wednesday processed its first series of live production trades involving tokenized securit…
Bitcoin Giant Strategy Isn't Panicking—Unless BTC Crashes to $10K: CEO
Bitcoin treasury firm Strategy will start buying the cryptocurrency again once its preferred shares recover, CEO Phong Le said, as the company leans on a retooled financing model to ride out the crypt…
US Senator blasts AG pick for ‘dismantling’ crypto unit, Trump’s CZ pardon
President Donald Trump’s pick for US Attorney General faced criticism from members of the Senate Judiciary Committee on his approach to crypto enforcement and the pardon of former Binance CEO Changpen…
Ostium pauses trading as security firms report multimillion-dollar oracle exploit
Ostium halted trading and advised revoking contract approvals after blockchain security firms reported an apparent oracle-related exploit of its OLP liquidity vault, with estimated losses ranging from…
Cantor and Securitize collaborate on blockchain-based IPOs
Investment giant Cantor Fitzgerald and cryptocurrency-focused broker-dealer Securitize (SECZ), are revamping initial public offerings (IPOs) with tokenization and blockchain technology, the companies …
Aave launches V4 on Avalanche, laying groundwork for tokenized credit markets
The deployment marks Aave V4’s first expansion beyond Ethereum and introduces lending infrastructure designed to support future markets for tokenized real-world assets.
US Treasury Freezes $131 Million in Iran-Linked Crypto Wallets
The U.S. Treasury's Office of Foreign Assets Control sanctioned multiple cryptocurrency wallets tied to Iran's Central Bank and the Islamic Revolutionary Guard Corps on Tuesday, with stablecoin issuer…
A timeline of the Ethereum Foundation's ongoing shakeup
Welcome to The Protocol, CoinDesk’s tech newsletter covering the most important stories in blockchain. I’m Margaux Nijkerk, a reporter at CoinDesk.
Another DeFi Exploit: Perp DEX Ostium Loses $18 Million in Oracle Attack
Ostium lost roughly $18 million on Wednesday after attackers compromised an oracle signer key and manipulated the decentralized perpetuals exchange's price feed to generate fake trading profits, accor…
Securitize, Cantor target tokenized IPOs for public markets
Securitize and Cantor Fitzgerald are developing infrastructure for tokenized IPOs and secondary equity offerings within the existing US securities framework.