Velocity Offers Hack Victims 1 Cent on the Dollar in New Token
Velocity, formerly Drift, opens DFX recovery claims after its April exploit. Initial redemptions return roughly one cent per dollar lost.
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DeFi
Dogecoin Gets Smart Contracts as DogeOS Opens Public Testnet
DogeOS opens its public testnet for EVM-compatible Dogecoin applications, with DOGE gas fees and a proposed upgrade for native ZK-proof verification.
Aztec Labs Relaunches zk.money for Private Ethereum Payments
Aztec relaunches zk.money, a self-custodial private payments wallet, with ENS handles and plans for DeFi integrations and a mobile app.
KelpDAO Sues LayerZero Over $292M Bridge Exploit
KelpDAO parent Evercrest has sued LayerZero and Bryan Pellegrino over a $292 million rsETH exploit, alleging negligence and defamation.
Paxos Launches Yield-Bearing Gold Token Backed by $1.8B PAXG
Chainlink announced on Wednesday via X that Paxos Labs’ latest PAXGy is powered by Chainlink CCIP and Price Feeds.
Solana Gets Canada's First Regulated CAD Stablecoin
On Wednesday, the Solana team announced via X that CADD, from Tetra Digital Group, is now live on the Solana blockchain.
Chainlink Adds 16 Projects Across Seven Blockchains in a Week
Chainlink announced via X on Sunday that Arc and fifteen other projects adopted six of its services last week, and the projects were spread across seven major blockchains.
Robinhood Chain’s Daily Fees Crash 97% to $230K, Usage Holds Steady
Robinhood Chain’s daily fees plunged 97% as its memecoin boom cooled, but transaction counts and decentralized-exchange volume remained strong.
Avalanche Users Can Now Send Assets Privately With COTI
On Wednesday, the Avalanche Foundation announced via X that COTI’s Privacy-on-Demand and Privacy Portal are now live on Avalanche.
Avalanche Gets Its First Permissionless Tokenized U.S. Stocks
On Wednesday, the Avalanche Foundation announced via X that Pharaoh is planning to bring 24/7 trading of tokenized U.S. stocks to its decentralized exchange built natively on Avalanche.
Aave Opens Institutional Credit Market for Real-World Assets on Avalanche
On Wednesday, Aave Labs announced via X that Aave V4's first RWA Hub is coming to Avalanche, a dedicated credit market where institutions can borrow against RWAs.
Indonesian Rupiah Stablecoin IDRX Goes Live on Celo
On Tuesday, the Celo Foundation announced via X that the leading fiat-backed Indonesian Rupiah stablecoin IDRX, issued by PT IDRX Indo Inovasi, has launched on Celo.