USDM went from $300M at MEGA TGE on April 30 to $500M+ in under 72 hours. This event triggers next KPI-based token unlock. Unlike standard vesting, 53% of 10B MEGA supply is locked behind performance milestones, not calendar dates.

USDM itself was built with Ethena and earns yield on USDtb reserves backed by BlackRock's BUIDL fund. The primary adoption driver has been Ethena stablecoin looping — users deposit USDE, borrow USDM, and repeat the cycle to earn approximately 6% yield. The 100M USDE cap filled immediately, with expansion to 500M already planned.

Hyperliquid activated HIP-4 Outcome Markets, bringing on-chain prediction contracts directly into same account traders use for trading. The first live contracts cover recurring daily BTC price threshold events, opening or minting a position carries zero fees, a model designed to pull volume directly from Polymarket and Kalshi.

Within six hours of launch, Hyperliquid surpassed Polymarket's volume on the equivalent BTC Up/Down daily market — 89,253 shares traded on Hyperliquid vs. 79,500 on Polymarket.

Unlike standalone prediction platforms, HIP-4 runs inside Hyperliquid's unified margin account, allowing traders to hold outcome positions alongside perps and spot without moving collateral or switching interfaces.

BILL trading starts today, backed by $35M in funding. This board compares potential FDV scenarios using benchmarks from other Digital Identity projects like Sign, ENS, World, and zkPass.

MoonAgents Card is a virtual Mastercard debit card that lets AI agents and users spend directly from self-custodial onchain wallets using stablecoins.

The card converts stablecoins into fiat at the point of payment, works with any online merchant that accepts Mastercard, and does not require preloading funds or moving assets offchain before spending.

Issued through Monavate, a regulated payments platform, the card handles real-time onchain funding and authorization. If a payment fails, funds return to the wallet instantly, while custody remains fully with the user.

The product is currently available in the UK and Latin America through MoonPay CLI, with U.S. and EU rollout planned next. Identity verification is required before card issuance.

👉 x.com/moonpay/status/2050190840199274999?s=20

Nebius is acquiring Eigen AI, an infrastructure company focused on optimizing open-source AI models, in a deal valued at approximately $643M in cash and Class A shares.

Eigen AI improves performance across modern architectures such as MoE, long-context, reasoning, and sparse attention models, helping teams optimize inference, fine-tuning, and post-training without building custom infrastructure in-house.

Its optimization layer will be integrated into Nebius Token Factory, improving throughput, lowering inference costs, and reducing time to production across models including Llama, Qwen, Gemma, DeepSeek, GLM, Kimi, and MiniMax

👉 x.com/nebiusai/status/2050179138934194186?s=20

Fun, a startup focused on crypto-to-fiat payment rails, has raised $72M in a Series A round led by Multicoin Capital and SignalFire, following a previously undisclosed $3.9M seed round in 2022.

The company builds deposit and withdrawal infrastructure for platforms like Polymarket, Aave, and Lighter, allowing users to move between crypto and fiat without relying directly on exchanges or banks. Fun says it processes more than $18B in annual payment volume and works with over 20 clients.

The raise comes as more companies including Meta, Stripe, and Shopify expand into crypto payments, increasing demand for stablecoin and fiat settlement infrastructure across both crypto-native and traditional fintech platforms.

👉 x.com/fun/status/2050202961305874520?s=20

Timing a TGE is everything. Limitless launched in October and let volume do the talking, now at $1.66B/month and climbing. Opinion entered at the peak of its own hype cycle and volume collapsed the moment the token hit. The market had already moved on.

At the center of the deal is a custom on-chain detection model built on Chainalysis Data Solutions, designed to surface patterns consistent with insider knowledge. The tools will also produce blockchain-verified evidence for use in law enforcement and regulatory inquiries.

The timing is pointed. Earlier this month, the DOJ charged an active-duty U.S. Army soldier with using classified military intelligence tied to a raid on Nicolás Maduro to place bets on Polymarket, generating roughly $409,881 in profits from about $33,000 in wagers.

After a record month of crypto exploits, Anthropic opened Claude Security to public beta. The tool scans codebases for high-severity vulnerabilities including injection flaws, authentication bypasses, and logic errors that pattern-matching scanners typically miss.

Unlike traditional tools, it runs an adversarial verification pass on its own results before surfacing them, reducing false positives without requiring a rule update.

Every suggested fix requires human review before deployment. Available now for Claude Enterprise, Team and Max coming soon.

This collaboration allows U.S.-listed issuers to issue equity securities in tokenized form. The new structure is built around Issuer-Sponsored Tokens, ISTs, which can exist as part of a company’s capital alongside traditional shares.

The key point is that these are not synthetic or derivative tokens wrapped around shares. ISTs are representing direct equity ownership in token form, without changing the underlying equity or relying on a separate instrument.

For shareholders, the potential benefit is a more digital-native ownership experience. Investors could hold tokenized equity in a wallet, consolidate digital holdings, and still receive issuer communications and corporate action flows directly.