Polymarket says it will fully refund users after a hacked third-party vendor let attackers inject malicious code into its website and drain about $3 million from customer wallets.

The attack hit pUSD, Polymarket's USDC-backed stablecoin, before funds were swapped to ETH. Bubblemaps says it was largely contained, with fewer than 15 accounts touched.

Polymarket says the frontend issue is now contained and removed — its second breach in a month, after a roughly $700K employee-wallet hack in May.

Alchemix (ALCX), Ardor (ARDR), NFPrompt (NFP), and Marlin (POND) spot trading will cease at 03:00 UTC on 2026-07-10, following Binance's periodic review of listed assets.

Deposits won't be credited after July 11, and withdrawals of these tokens won't be supported after September 9. Binance may convert any leftover balances to stablecoins after that.

Kraken, part of Payward, is in talks to take a 15% stake in DeFi lender Aave at a $385 million valuation — reportedly putting up 35,000 ETH for 250,000 AAVE plus an equity slice.

Aave founder Stani Kulechov pushed back hard, saying there is 'NO WAY' Aave would sell AAVE at a 70% discount to its fully diluted value.

The talks are part of Payward's push to diversify ahead of a possible IPO, with the Aave stake slated as the first deal for its new Payward Asset Management arm.

The subscription runs June 26, 10:00 AM–12:00 PM UTC. Cap is a credit platform where underwriters originate and insure USD loans to real-economy companies, paying dollar depositors a secured, insured yield.

TGE terms: a $350,000 raise in BNB at $0.0035 per token for 100M CAP (1% of supply), with no vesting. Open to Binance Alpha Point holders; CAP trades on Binance Wallet DEX and PancakeSwap once the sale closes.

Institutional finance crossed another threshold this week, with legacy exchanges partnering on tokenized equities, major banks building stablecoin infrastructure, and regulators unlocking new market access across Asia and Europe.

🔎 Recent Updates & Developments

– ICE and OKX formed a 50/50 venture to bring NYSE equities onchain for 120M OKX users

– SpaceX signed a $6.3B compute deal with Reflection AI for Colossus 2 data center capacity

– Chainlink joined Project Pangea to build real-time stablecoin FX settlement across a $150B EUR-KRW corridor

– Ripple received preliminary MiCA approval in Luxembourg, unlocking passporting across all 30 EEA countries

– Franklin Templeton acquired 250 Digital, launching Franklin Crypto as a dedicated institutional active crypto division

– SBI Holdings acquired Bitbank and launched JPYSC, Japan’s first trust-backed stablecoin with no transaction cap

– Toss Bank signed an MOU with Solana Foundation to pilot stablecoin cross-border payments on blockchain

Sophon is sunsetting its ZK-powered Layer-2 blockchain and shifting fully to an app-first strategy under a new identity, Soph(+), a consumer product studio building on Base. The team raised $60M and says the focus has always been on consumer onchain experiences, not infrastructure.

The decision comes after concluding that maintaining its own chain was too costly and no longer necessary, with value increasingly shifting from infrastructure to the application layer. Sophon says it will redirect resources toward product design, distribution, and user-facing apps instead of running a standalone network.

The team will migrate users and node holders via a transition guide, while continuing development of its consumer pipeline. Its first product, Pyre, introduces a new category called “entertainment finance”, turning everyday payments into interactive experiences.

Built on Base, Soph(+) plans to launch more consumer apps and an API layer designed to power onchain entertainment and payment experiences across other builders and partners.

USDT0, the omnichain version of Tether's USDT, has surpassed $100 billion in cumulative transaction volume, marking a major milestone for cross-chain stablecoin infrastructure. The token is backed 1:1 by USDT and is designed to move seamlessly across multiple blockchains.

The protocol has been live for under 530 days and is now integrated across 23 chains, including Ethereum scaling networks like Arbitrum and Polygon. It currently has about $4.1 billion in circulation, making it one of the most active omnichain stablecoin systems.

USDT0 is issued by Everdawn Labs and uses LayerZero's cross-chain standard to enable transfers without wrapped tokens. The project positions itself as infrastructure for institutions, fintechs, and AI systems that need stable dollar liquidity across networks.

Spark and Uniswap have launched FX Layer, a new stablecoin swap system built on Uniswap v4. The setup is designed to make it easier to move between dollar-pegged tokens with lower slippage and shared liquidity infrastructure.

As part of the rollout, Spark is migrating $150 million from its USDS ecosystem to seed the system. The initial liquidity pool supports USDS, USDT, and PYUSD, creating a base for stablecoin swaps within a single framework rather than fragmented pools across issuers.

The idea is to give banks, fintechs, and payment companies a shared onchain FX layer for stablecoins, with Spark handling liquidity coordination and Uniswap providing the AMM structure.

Kraken and Maple have launched an onchain warehouse facility for crypto-backed loans, bringing institutional credit structures onchain for the first time. The USDC facility powers Kraken's OTC lending, allowing users to borrow against their crypto without selling it.

Maple provides senior financing through a bankruptcy-remote structure, while Kraken Financial holds the collateral. The setup is modeled after traditional lending markets like mortgages and auto loans, but now backed by BTC and ETH.

For lenders, it offers senior, overcollateralized yield backed by BTC and ETH, with full onchain transparency of loan performance and collateral.

CoinGecko has introduced Gecko AI, an AI-powered crypto research assistant designed to help users analyze market movements, track portfolios, and explore crypto insights directly within the platform.

Unlike general-purpose AI tools, Gecko AI is built specifically for crypto and finance, combining live market data with portfolio context to provide more relevant answers. Each response includes source citations, URLs, and supporting references for verification.

The feature is available on both web and mobile, with Premium subscribers receiving 100 queries per month. Users can access Gecko AI through the navigation bar, coin pages, portfolios, or directly via CoinGecko's dedicated chat interface.