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. ↗

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

DeFi TVL cut in half, altcoins gutted as traditional finance sharks circle the wreckage ↗
Canton 3.5 activates Logical Synchronizer Upgrades to automate protocol changes without coordinated outages ↗
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.
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. ↗
Firepan Sentinel launches free EVM token risk directory, 350+ tokens scored, scan any contract live ↗
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.
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 ↗
Monad Foundation joins x402 Foundation to bring HTTP-native agent payments into DeFi
Monad Foundation joins x402 Foundation to bring HTTP-native agent payments into DeFi ↗
Arkham launches an Elo-style ranking system for prediction market traders, rewarding forecasting accuracy over profits to identify top-performing bettors ↗
Galaxy Research cuts 2026 CLARITY Act odds to 50-50 as Senate calendar crowds out crypto market structure ↗
The White House will meet with law enforcement groups to address concerns over illicit-finance provisions as lawmakers push forward with the Clarity Act
The White House will meet with law enforcement groups to address concerns over illicit-finance provisions as lawmakers push forward with the Clarity Act ↗
Bluprynt and Chainproof launch verified D&O insurance as digital asset firms face rising issuer and collateral scrutiny ↗
Vitalik maps the obfuscation tech tree, charting cryptography’s ‘final boss’ in a deep-dive essay on indistinguishability iO. ↗
Fluid commits $100M of its own capital to deepen sUSDai DEX liquidity for USD.AI
Fluid commits $100M of its own capital to deepen sUSDai DEX liquidity for USD.AI ↗
JPMorgan says institutional appetite for perpetual futures remains limited, arguing the products are better suited for speculation than risk managements ↗
Tezos activates Ushuaia upgrade with 15x DAL bandwidth and rollup-governed PVM upgrades ↗
Europe’s unlicensed crypto firms face a rough tide as MiCA deadline nears
Europe’s unlicensed crypto firms face a rough tide as MiCA deadline nears ↗
SVB says crypto-backed lending hits $67B as banks push into Bitcoin-backed loans ↗
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ZetaChain goes all-in on AI memory as cross-chain withdrawals close June 30 ↗
Solulu Tech expands stablecoin infrastructure to support cross-border payments and multi-currency settlement. ↗
The UK finalizes a sweeping crypto framework covering capital requirements, market abuse rules, and stablecoin standards ahead of a 2027 licensing regime
The UK finalizes a sweeping crypto framework covering capital requirements, market abuse rules, and stablecoin standards ahead of a 2027 licensing regime ↗
BNY Mellon expands its digital asset offering with USDC custody and minting services, deepening institutional access to stablecoins through Circle ↗
Claude Cowork on Amazon Bedrock brings real-time web intelligence, but expands security and compliance risks ↗
Tokenization giant Securitize is set for a NYSE debut after investors approved its SPAC merger, marking a milestone for blockchain-based capital markets ↗
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Binance founder CZ says MiCA application was ‘fully compliant’ and near approval before political forces intervened ↗
Kraken Prime integrates with Trever, giving European banks and brokers access to 20+ venues and qualified custody ↗
o1.exchange secures $4.8m seed from Coinbase Ventures and a16z to bring AI trading terminal to Base.
o1.exchange secures $4.8m seed from Coinbase Ventures and a16z to bring AI trading terminal to Base. ↗
Meta's new Brain2Qwerty v2 decodes thoughts to text in real time at 61% word accuracy on average. Nine volunteers trained the system over 10 hours each, typing 22,000 sentences total. ↗
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