YIELD HAS SUFFERED A MAJOR FINANCIAL HIT TOTALING $3.73 MILLION. THE LOSS OCCURRED DURING A VAULT OPERATION WHICH INVOLVES A TOKEN SWAP FROM STKGHO TO USDC. DUE TO EXTREME SLIPPAGE, 3.84M GHO WAS EXCHANGED FOR A MERE 112K USDC.
SQUID REPORT
Crypto data platform CoinGecko weighs sale for around $500 million, sources say
Lighter releases mobile app for iOS and Android, bringing perps and RWAs to handheld devices and launching 100,000 LIT mobile-exclusive trading competition starting Jan 15
Miles Deutscher shared his 2026 crypto outlook, predicting stronger institutional dominance, 50%+ stablecoin supply growth, AI and RWA resurgence, an ICO renaissance, and Bitcoin ending the year higher, with real revenue-generating protocols outperforming pure speculation.
Michael Bentley announces that he is stepping down as day-to-day CEO of Euler Labs after nearly six years, transitioning into an advisory and product-focused role, while Euler pivots more explicitly toward institutional and fintech credit markets and RWAs
If you want to, take a few minutes, and write a letter of care and freedom, a letter to Roman Storm
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VelaFi raises $20 million in Series B funding to expand global stablecoin infrastructure. The expansion focuses on Latin America, the United States, and Asia.
Circleās 2026 report claims a regulated, stablecoināpowered āinternet financial systemā is emerging as a new global operating layer for money, capital markets, and payments.
Fors launches beta to aggregate prediction markets across Solana ecosystem.
a16z Crypto explains why open networks consistently beat closed systems, arguing that shared standards remove friction and unlock exponential innovation. From railways to the internet and money, history shows cooperation at the base layer creates bigger ecosystems than proprietary control.
Over half of all cryptocurrencies launched since midā2021 have already died, with more than 13.4 million tokensā86% of them in 2025 aloneāceasing to trade after an explosive memecoin boom and a brutal lateā2025 washout.
January Squid Drop (covering December) Discussion Thread
Franklin Templeton turns money market fund into stablecoin reserve vehicle. The LUIXX fund has been modified to hold short-term US Treasuries and meet stablecoin reserve standards. The DIGXX fund now offers an onchain share class.
The Pentagon unveiled an AI-first strategy, planning to deploy advanced AI models across classified and unclassified networks as it prepares for future space missions. Defense Secretary Pete Hegseth confirmed xAIās Grok will join
Prediction marketsā next frontier is Impact and Decision markets that price conditional asset outcomes and use those market-set valuations to automatically govern organizational decisions via futarchy-style mechanisms.[1]
Euler Labs shared how it fixed frontend performance by rethinking Web3 data fetching, replacing hook-heavy React Query patterns with a simple fetch ā mapper ā hook architecture. The shift reduced re-renders, simplified caching, and made large-scale onchain data easier to maintain as Eulerās DeFi frontend scaled.
A Tennessee man accused of stealing over $11M in XRP from Nancy Jones, widow of country music legend George Jones, has countersued, claiming entitlement to the crypto, cash, and precious metals after allegedly managing and growing the assets during their relationship.
Economists warn U.S. entering dangerous āfiscal dominanceā era as $38 trillion debt nears red line, threatening Fedās inflation fight and shifting power to bond markets amid trillionādollar annual interest costs and fading political will for future surpluses.
Elizabeth Warren pressed the SEC over risks of allowing crypto in 401(k) plans after a Trump executive order to revisit retirement investment rules. She warned volatile crypto assets could expose savers to higher fees, weaker oversight, and sharp losses.
a16z crypto shared two signals for builders in 2026: trading shouldnāt be the final destination for crypto startups, and clearer U.S. regulations could remove years of legal distortions, enabling networks to operate transparently as true decentralized systems.
Llama Risk highlights Q3-Q4 highlights of their work with Curve Finance, including 250K OP grant and 26 active governance proposals
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Thailand Puts USDT Under Tight Scrutiny as Central Bank Targets Stablecoins in Grey-Money Crackdown and Foreign-Led Capital Flows.[1](
Dubaiās DIFC bans privacy tokens and tightens stablecoin rules, shifting to firm-led token approval under a stricter, FATF-aligned crypto regime.[1]
Polygon Labs is spending $250M to acquire Coinme and Sequence, bringing licensed fiat on/off-ramps, wallet infrastructure, and cross-chain orchestration in-house to power its Open Money Stack and pivot fully toward blockchain-based global payments.
Google unveiled Universal Commerce Protocol (UCP), an open standard enabling AI agents to discover products, transact, and complete commerce flows autonomously. Paired with x402ās HTTP-native stablecoin payments, the stack unlocks seamless agent-to-agent commerce, with PayAI positioning as a decentralized marketplace hub for autonomous services.
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The SQUID Pass auction came early this week - a little over 30 hours to go! Get our pinned posts on X and Telegram for next week - 16-23.1.2026, to deliver your message to our incredible community! Still the most undervalued ad in DeFi, and it's not even close. Note - bids are now available on Ethereum Mainnet, with WETH or crvUSD, for your convenience! No bridging required. Bid yourself or make your favorite project's marketing team know!
Bank of Italy economist sends out warning on Ethereum's role in financial system. The study suggests that Ethereum's role in financial systems makes its token economics a concern for regulators, who may need to consider safeguards for its use in regulated finance.
The SQUID Pass auction came early this week - a little over 30 hours to go! Get our pinned posts on X and Telegram for next week - 16-23.1.2026, to deliver your message to our incredible community! Still the most undervalued ad in DeFi, and it's not even close. Note - bids are now available on Ethereum Mainnet, with WETH or crvUSD, for your convenience! No bridging required. Bid yourself or make your favorite project's marketing team know!
South Korean financial giant KB files patent for stablecoin credit card. The patent application covers a hybrid payment system that allows users to spend stablecoins through their existing credit cards.
Action Model introduced ActionFi, a new Web3 incentive layer that rewards users for verifiable onchain and offchain actions instead of attention metrics, using a browser extension to prove real task completion and pay users instantly in tokens or stablecoins.
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