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
Why Is MoneyGram Moving Into Solana? MoneyGram has become a validator on the Solana blockchain and joined the Solana Developer Platform, marking the payments company’s formal entry into the Solana ecosystem as blockchain infrastructure becomes a larger part of its payments strategy. The move makes Solana the third network where MoneyGram operates an official validator,
Why Is Backpack Moving Into Tokenized Equities? Crypto exchange Backpack has launched 24/7 trading for select tokenized US equities, giving international investors access to stocks including SpaceX, Micron, and SanDisk outside traditional market hours. The launch puts Backpack into one of the fastest-growing areas of onchain real-world assets: tokenized equities. These products are designed to
Why Is Binance Available Again In The Philippines? Binance is again accessible to users in the Philippines through an arrangement with BlockShoals Technologies, but the structure stops short of giving either company authority to handle peso transfers or conduct activities regulated by the country’s central bank. The arrangement places Binance’s local access under the Securities
Why Does The Target Rollout Matter? Pudgy Penguins has expanded the retail reach of its trading card game through a nationwide rollout at Target stores in the United States, marking another step in the NFT project’s push into mainstream consumer products. The launch covers Vibes Series 3, the latest release in the project’s physical trading
Why Was Jaredfromsubway.eth Targeted? One of crypto’s most successful MEV bots, Jaredfromsubway.eth, was drained for more than $7.5 million after an attacker turned the bot’s own automated execution logic against it. The incident marks a rare public setback for a bot that has become closely associated with sandwich attacks and other maximal extractable value strategies