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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.
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MetaMask launches Money Account, letting users earn up to 4% APY on mUSD while spending and trading from one self-custodial wallet account.
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StarkWare lays out 3-phase quantum-proofing plan for Starknet as Ben-Sasson tells crypto to stop stalling
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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.
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New York Life's $807B asset manager launches tokenized high-yield bond fund with Centrifuge
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Firepan Sentinel launches free EVM token risk directory, 350+ tokens scored, scan any contract live
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DeFi TVL cut in half, altcoins gutted as traditional finance sharks circle the wreckage
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Queue’s $12.6M haul could revolutionize drug dispensing with the first autonomous robotic pharmacy
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By DefiLlama Research & FirepanHQ: DeFi continues to expand with new chains, bridges, lending markets, perpetuals, liquid staking, vaults, and restaking.
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Confidential fixed-rate term financing for institutions: TermPrime goes live on Canton Network.
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D-Wave scores $1.5M NSF grant to supercharge U.S. quantum edge over global competition
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Canton burns nearly 9% of total supply in under two years as institutional transaction volume builds
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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.
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Michigan court blocks Kalshi sports event contracts for 14 days in state gambling suit
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Ark Invest boosted positions in Coinbase, Circle, Bullish, and Robinhood as crypto-linked stocks rallied, adding over $16M across its ETFs
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Arkham launches an Elo-style ranking system for prediction market traders, rewarding forecasting accuracy over profits to identify top-performing bettors
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Monad Foundation joins x402 Foundation to bring HTTP-native agent payments into DeFi
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Tezos activates Ushuaia upgrade with 15x DAL bandwidth and rollup-governed PVM upgrades
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SVB says crypto-backed lending hits $67B as banks push into Bitcoin-backed loans
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Coinbase partners with Spiko for instant stablecoin entry and exit in European UCITS funds, paving the way for 24/7 finance.
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Solulu Tech expands stablecoin infrastructure to support cross-border payments and multi-currency settlement.
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The UK finalizes a sweeping crypto framework covering capital requirements, market abuse rules, and stablecoin standards ahead of a 2027 licensing regime
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OKX launches AI marketplace where agents can find work, hire each other, and get paid onchain
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ZetaChain goes all-in on AI memory as cross-chain withdrawals close June 30
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Nasdaq taps Pyth as first onchain network to distribute TotalView order book and imbalance data
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Binance adds Anchorage Digital's Atlas to triparty banking network for institutional settlement
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Binance founder CZ says MiCA application was ‘fully compliant’ and near approval before political forces intervened
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Kraken Prime integrates with Trever, giving European banks and brokers access to 20+ venues and qualified custody
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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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