Why Did New Hampshire Block the Bitcoin-Backed Bond? New Hampshire officials rejected a proposal to issue up to $100 million in taxable conduit revenue bonds backed by bitcoin, halting what was expected to be one of the first rated bitcoin-backed bond structures issued under a state authority. The New Hampshire Executive Council voted 3-2 against
Why Is Kraken Rebuilding Its Trading App Around AI? Kraken is planning to relaunch its mobile app with agentic trading features at the center of the user experience, making it the latest crypto exchange to move artificial intelligence from a support function into the trading workflow itself. The planned system will include autonomous AI agents
The South Korean internet-only bank will explore blockchain-based overseas transfers as Korea’s financial sector accelerates stablecoin experiments. Toss Bank has signed a strategic memorandum of understanding with the Solana Foundation to test blockchain-based global remittance infrastructure and stablecoin use, marking another step in South Korea’s push to bring digital assets into mainstream financial services. The
Taiko has urged users to immediately withdraw funds from all bridges deployed on its network after confirming that its chain-state verification mechanism had been compromised. The Ethereum layer-2 project said the incident means the security assumptions underpinning its bridge infrastructure can no longer be relied upon, prompting an emergency response from the team and ecosystem
Pump.fun’s new crypto bounty feature is facing growing criticism after users began posting and completing tasks involving public humiliation, tattoos, workplace confrontations and risky stunts in exchange for digital asset rewards. The feature, called GO, allows users to create bounties, lock crypto rewards in escrow and pay participants who submit approved proof of completion. The
Ethereum’s well-known MEV bot JaredFromSubway has been exploited for more than $7.5 million, marking an unusual reversal for one of the network’s most aggressive automated trading systems. The bot, long associated with sandwich attacks and high-frequency extraction on decentralized exchanges, was reportedly drained after an attacker tricked its automated execution system into approving malicious contracts.
CFTC Chairman Michael Selig said the United States is paving the way for on-chain markets like Hyperliquid to come onshore, signaling a major shift in how regulators intend to treat crypto-native derivatives. His comments follow the agency’s approval of the first U.S.-regulated Bitcoin perpetual futures contract and a broader policy statement on how perpetual contracts
MainStreet-related stablecoin MSUSD fell as much as 85% from its intended $1 peg after reserve-verification provider Accountable ended its service agreement with the protocol, triggering a broader liquidity scare across linked DeFi markets. The token dropped to as low as $0.065 during the sell-off before partially recovering, according to market data. The pressure quickly spread
U.S. spot crypto exchange-traded funds recorded no flow activity on June 19 because U.S. stock markets were closed for Juneteenth, leaving investors to assess a weak four-day trading week that ended on June 18. The holiday closure meant no regular trading for U.S.-listed spot Bitcoin and Ether ETFs and no new creation or redemption data
Why Is Baillie Gifford Moving Fixed Income Onchain? Baillie Gifford has launched a tokenized fixed-income fund with BNY, bringing a traditional actively managed bond strategy onto public blockchain rails through Ethereum and Solana. The Edinburgh-based investment firm, founded 118 years ago, unveiled the Baillie Gifford Enhanced Yield Fund, a dollar-denominated product that gives eligible investors