Uyen Nguyen

@uyennguyen

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🕹️ Come play games in the Farcade!

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CompoSecure, Baanx, and MetaMask unveil 'metal card' to make crypto tap-to-pay a reality

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Solana DeFi protocol Loopscale hit with $5.8 million exploit two weeks after launch Loopscale, a Solana-based decentralized finance (DeFi) protocol, became 2025's latest hacking victim on Saturday, losing over $5.8 million, or 12% of its TVL, to an exploit affecting one of its markets. "The root cause of the exploit has been identified as an isolated issue with Loopscale’s pricing of RateX-based collateral," the protocol said on X. "There is an ongoing investigation into how this happened, who did this, and how we can most effectively recover funds."

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DeFi Development Company, the ‘MSTR of Solana,’ files $1 billion shelf offering with SEC The so-called MSTR of Solana, DeFi Development Company (ticker JNVR) has filed a $1 billion shelf offering with the U.S. Securities and Exchange Commission, according to a filing on Friday. A shelf offering, also known as a shelf registration, allows a company to register a new securities issuance without necessarily selling the entire issue at once. The filing notes DeFi Development Company, which rebranded from Janover earlier this week, could offer common stock, preferred stock, warrants, debt securities and other instruments.

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US spot bitcoin ETFs log $442 million in net inflows as BTC price shows resilience U.S. spot bitcoin exchange-traded funds continued to see inflows on Thursday, with $442 million flowing into the ETFs. This marked their fifth consecutive day of positive flows. BlackRock's IBIT, the largest spot bitcoin ETF, led the inflows with $327.3 million, according to SoSoValue data. Ark and 21Shares' ARKB saw $97 million in net inflows, while Bitwise's BITB logged net inflows of $10.2 million. Invesco's BTCO also experienced inflows of $7.5 million.

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Crypto VC RockawayX raises $125 million for second fund to primarily invest in Solana projects RockawayX, a crypto venture capital firm with over $2 billion in assets under management, has closed its second fund, raising $125 million. The new fund will back early-stage crypto startups, with a strong focus on the Solana SOL -0.76% ecosystem, the firm said Thursday. Other target areas include decentralized finance (DeFi), infrastructure protocols and decentralized networks. Solana stands out due to its technical edge over Ethereum in terms of speed, cost, ease of development and its product-driven approach, Samantha Bohbot, partner and chief growth officer at RockawayX, told The Block. "Where other projects may feel like research efforts, Solana operates as a company with a mission to develop the dominant blockchain solution and promote it to builders and institutions," she said.

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Standard Chartered says bitcoin likely to keep rising amid Fed independence risks The price of bitcoin could keep rising if concerns over Federal Reserve independence persist, according to Geoffrey Kendrick, Standard Chartered's global head of digital assets research. He categorizes it as a government-sector risk — one of the key scenarios where bitcoin tends to outperform, given its role as a decentralized hedge against traditional financial systems.

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Ethereum ETFs hit record-low AUM as outflows top $1.1 billion in seven weeks Paired with lowered volumes, spot Ethereum ETH -3.25% ETF assets under management (AUM) have plummeted to $4.57 billion as of April 18, marking an all-time low for these registered products since their inception. The ETFs have experienced seven consecutive weeks of net outflows, with a staggering $1.1 billion withdrawn during this period.

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Charles Schwab CEO says spot crypto trading will 'likely' launch within 12 months Charles Schwab Corp. CEO Rick Wurster, who assumed the position in January, has pursued offering spot crypto trading support to the financial services firm's clients, predicting a change in the U.S. government's crypto regulatory environment. On a recent earnings call, Wurster laid out a more solid timeline for the company's crypto efforts.

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Aptos proposal would cut staking rewards by 3% in 3 months to spur development A new governance proposal for the Layer 1 blockchain Aptos APT +2.18% would reduce staking rewards from about 7% to 3.79% over three months, aiming to incentivize more active development on the network. The proposal, AIP-119, was co-authored by Sherry Xiao, head of production engineering at Aptos Labs — the team behind the blockchain — and developer Moon Shiesty, who is working on the Aptos- and Movement-based protocol Mirage.

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Oregon attorney general to sue Coinbase months after SEC drops case, exchange says Oregon Attorney General Dan Rayfield plans to file a securities enforcement action against cryptocurrency exchange Coinbase, echoing federal charges that were brought under the Biden administration but dropped earlier this year, according to the company’s chief legal officer. The lawsuit is expected Friday, Coinbase Chief Legal Officer Paul Grewal said in a blog post. The U.S. Securities and Exchange Commission dropped its case against Coinbase in February. The agency had charged the exchange in 2023 with operating as an unregistered broker, exchange and clearing agency, and claimed its staking-as-a-service program was also improperly registered.

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Digital wallet infrastructure developer Dynamic adds support for Sui The digital wallet infrastructure developer Dynamic has integrated support for the Layer 1 blockchain Sui SUI -1.63% . Sui is now Dynamic's newest supported ecosystem beyond Algorand, Base, Berachain, Bitcoin, Cosmos, Eclipse, Farcaster, Solana, Telegram as well as other Ethereum Virtual Machine and Solana Virtual Machine networks. In addition, developers can incorporate the Dynamic wallet software development kit (SDK) so that Sui users can access decentralized apps such as Crossmint, Relay and xLabs, according to a release shared with The Block.

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Coinbase Institutional warns of converging signs that suggest 'crypto winter' is coming Several converging signals may be pointing to the start of a new "crypto winter," according to Coinbase Institutional, amid extreme negative sentiment following Trump's recent tariff turmoil and the potential for further escalation. The total crypto market cap, excluding bitcoin, now stands at $950 billion, Coinbase Institutional Head of Research David Duong noted in a Tuesday report — representing a substantial 41% decline from its December 2024 high of $1.6 trillion and 17% below levels from the same period last year. To put it in perspective, that's even lower than most of the period between August 2021 and April 2022, he highlighted.

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MANTRA investor Laser Digital denies role in OM token crash, says 'core' holdings remain 'locked' Nomura's Laser Digital, which backed Layer 1 blockchain MANTRA in 2024, has discredited claims of massive OM -90.52% deposits to OKX and supposed investor selloffs that shrunk the cryptocurrency's market capitalization by over $5.2 billion in hours. "Laser has no involvement in the recent price collapse of $OM," the company said in a statement shared Monday on X, adding that "assertions circulating on social media that link Laser to ‘investor selling’ are factually incorrect and misleading."

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SOL-to-ETH price ratio hits all-time high, while Vitalik hints at faster future upgrades for Ethereum The daily price ratio of SOL -1.14% -to- ETH -3.90% has hit an all time high after a bullish week for Solana and an equivalently bearish week for Ethereum, as Ethereum's major Pectra upgrade draws nearer. The SOL/ETH ratio on Binance has risen to .081, or around 8.1%, up from just 5.8% at the start of the year — a nearly 40% increase, according to TradingView data.

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