Sui validators approved a governance proposal to return $162 million in frozen assets linked to a recent exploit of the decentralized exchange Cetus, marking a key step toward full user repayment. Cetus was exploited for over $220 million worth of digital assets on May 22, but validators managed to freeze $162 million of the funds…
Non-fungible token (NFT) marketplace OpenSea has officially launched its new platform, OS2, concluding its beta phase. The company said the updated platform allows full token trading across 14 blockchains, including support for fungible tokens on Solana. It also introduces tools that aim to enhance crosschain functionality. These changes signal a shift for OpenSea, positioning itself…
Coinbase’s layer-2 blockchain Base briefly saw the number of transactions it processed per second near 1,000, bringing it closer to the performance of layer-1 blockchain Solana. On May 29, Base creator Jesse Pollak said on X that Base had sustained near 1,000 transactions per second (TPS) during a launch on the agentic artificial intelligence platform…
US Securities and Exchange Commission staff has given new guidance around the most common crypto staking activities, saying they are not in violation of securities laws. The SEC’s Division of Corporation Finance said in a May 29 staff statement that “Protocol Staking Activities” such as crypto staked in a proof-of-stake blockchain, “don’t need to register…
Coinbase’s layer-2 blockchain Base briefly saw the number of transactions it processed per second near 1,000, bringing it closer to the performance of layer-1 blockchain Solana. On May 29, Base creator Jesse Pollak said on X that Base had sustained near 1,000 transactions per second (TPS) during a launch on the agentic artificial intelligence platform…
The US Treasury has sanctioned a Philippines-based technology firm and its alleged administrator, accusing it of providing services to thousands of crypto scam websites. Funnull Technology is linked to most crypto scam websites reported to the FBI, with victims’ losses surpassing $200 million, the Treasury’s Office of Foreign Assets Control (OFAC) said on May 29. …
German tokenization protocol Midas has launched a tokenized US Treasury bill on the Algorand blockchain, offering European investors exposure to yield-bearing government bonds with no investment minimum required. The mTBILL is a tokenized certificate that references short-term US Treasury exchange-traded funds (ETFs), Midas announced on May 29. The first atomic swap was executed by a…
Stablecoins are gaining ground as a reliable tool for digital payments. New data from Artemis shows that $94.2 billion in stablecoin transactions were settled between January 2023 and February 2025. The report shed light on a few specific rising areas for stablecoin payments. Business-to-business transactions made up the largest block, accounting for an annual run…
Banco Santander SA, a global banking institution, is considering expanding crypto services to retail clients and potentially launching a stablecoin product. The stablecoin plans are still in the early phases. According to a May 29 Bloomberg report, the bank is considering offering both dollar and euro-pegged fiat tokens. Large banking institutions, including JPMorgan, Bank of…
Telegram, a messaging platform, raised $1.7 billion from investors in a recent bond offering featuring a 9% coupon that closed on May 28. According to Bloomberg, the company will use a portion of the proceeds to pay $955 million in debt from a previous bond issue set to mature in 2026. The remaining $745 million…