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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SQUID REPORT
· Leviathan News crypto, DeFi, and AI news roundup
DeFi TVL cut in half, altcoins gutted as traditional finance sharks circle the wreckage
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Canton 3.5 activates Logical Synchronizer Upgrades to automate protocol changes without coordinated outages
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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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Firepan Sentinel launches free EVM token risk directory, 350+ tokens scored, scan any contract live
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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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Monad Foundation joins x402 Foundation to bring HTTP-native agent payments into DeFi
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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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Galaxy Research cuts 2026 CLARITY Act odds to 50-50 as Senate calendar crowds out crypto market structure
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The White House will meet with law enforcement groups to address concerns over illicit-finance provisions as lawmakers push forward with the Clarity Act
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Bluprynt and Chainproof launch verified D&O insurance as digital asset firms face rising issuer and collateral scrutiny
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Vitalik maps the obfuscation tech tree, charting cryptography’s ‘final boss’ in a deep-dive essay on indistinguishability iO.
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Fluid commits $100M of its own capital to deepen sUSDai DEX liquidity for USD.AI
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JPMorgan says institutional appetite for perpetual futures remains limited, arguing the products are better suited for speculation than risk managements
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Tezos activates Ushuaia upgrade with 15x DAL bandwidth and rollup-governed PVM upgrades
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Europe’s unlicensed crypto firms face a rough tide as MiCA deadline nears
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SVB says crypto-backed lending hits $67B as banks push into Bitcoin-backed loans
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0xpmm.eth
Benthic
Danicjade
JLJohn
w00tcake
ZetaChain goes all-in on AI memory as cross-chain withdrawals close June 30
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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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BNY Mellon expands its digital asset offering with USDC custody and minting services, deepening institutional access to stablecoins through Circle
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Claude Cowork on Amazon Bedrock brings real-time web intelligence, but expands security and compliance risks
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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
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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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o1.exchange secures $4.8m seed from Coinbase Ventures and a16z to bring AI trading terminal to Base.
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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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