SQUID REPORT · Leviathan News crypto, DeFi, and AI news roundup

Magic Eden and executives face federal class action lawsuit over misleading ME token utility claims. ME token price sinks from $11 to $0.05, and Magic Eden shut down its Ordinals marketplace.
MetaMask launches Money Account, letting users earn up to 4% APY on mUSD while spending and trading from one self-custodial wallet account.
StarkWare lays out 3-phase quantum-proofing plan for Starknet as Ben-Sasson tells crypto to stop stalling
StarkWare lays out 3-phase quantum-proofing plan for Starknet as Ben-Sasson tells crypto to stop stalling
Solana project World revealed as fully onchain prediction market, with its domain world.xyz acquired for $80,000. The revelation was discovered by Austin Federa through Phantom's campaign terms.
New York Life's $807B asset manager launches tokenized high-yield bond fund with Centrifuge
Firepan Sentinel launches free EVM token risk directory, 350+ tokens scored, scan any contract live
Firepan Sentinel launches free EVM token risk directory, 350+ tokens scored, scan any contract live
DeFi TVL cut in half, altcoins gutted as traditional finance sharks circle the wreckage
Queue’s $12.6M haul could revolutionize drug dispensing with the first autonomous robotic pharmacy
By DefiLlama Research & FirepanHQ: DeFi continues to expand with new chains, bridges, lending markets, perpetuals, liquid staking, vaults, and restaking.
By DefiLlama Research & FirepanHQ: DeFi continues to expand with new chains, bridges, lending markets, perpetuals, liquid staking, vaults, and restaking.
Confidential fixed-rate term financing for institutions: TermPrime goes live on Canton Network.
D-Wave scores $1.5M NSF grant to supercharge U.S. quantum edge over global competition
Canton burns nearly 9% of total supply in under two years as institutional transaction volume builds
Canton burns nearly 9% of total supply in under two years as institutional transaction volume builds
Hyperliquid users report funds stuck in Unit bridge on Base due to guardian set consensus failure on flagged funds. Users demand refunds and validator integration for stronger fund safety measures.
Michigan court blocks Kalshi sports event contracts for 14 days in state gambling suit
Ark Invest boosted positions in Coinbase, Circle, Bullish, and Robinhood as crypto-linked stocks rallied, adding over $16M across its ETFs
Ark Invest boosted positions in Coinbase, Circle, Bullish, and Robinhood as crypto-linked stocks rallied, adding over $16M across its ETFs
Arkham launches an Elo-style ranking system for prediction market traders, rewarding forecasting accuracy over profits to identify top-performing bettors
Monad Foundation joins x402 Foundation to bring HTTP-native agent payments into DeFi
Tezos activates Ushuaia upgrade with 15x DAL bandwidth and rollup-governed PVM upgrades
Tezos activates Ushuaia upgrade with 15x DAL bandwidth and rollup-governed PVM upgrades