The Arbitrum DAO voted 100% YES, 16.9M ARB in favor to release 30,766 ETH frozen by its Security Council following the Kelp DAO exploit, directing the funds to DeFi United, the Aave-led recovery coalition assembled to restore rsETH's backing and close bad debt.

However, a US federal court issued a restraining order on April 30, just before the vote concluded, blocking the actual transfer of the ETH pending legal resolution.

Alchemy Chain mainnet is now live, a payments-first L1 purpose-built for real-world stablecoin transactions, and the world's first payment blockchain to align with both the EU's MiCA and Hong Kong's HKMA regulatory frameworks.

Testnet surpassed 150K unique addresses and processed over 800K transactions before mainnet launch. ACH is the only gas token; single-token fee model removes friction for end users.

A bi-directional bridge to Ethereum allows ACH to move between the two networks, keeping Alchemy Chain connected to the broader crypto ecosystem rather than operating in isolation.

Solv migrates the infra behind more than $700M in tokenized BTC, covering SolvBTC and xSolvBTC, from LayerZero to Chainlink's CCIP, following a broader internal security review of cross-chain systems.

The migration will be executed in phases to minimize disruption for users holding tokenized positions across affected chains.

Solv, backed by Binance Labs, Blockchain Capital, and OKX Ventures, manages over $2.8B in total assets & describes itself as the operating layer for Bitcoin, connecting BT capital to DeFi, CeFi, and TradFi.

The funding package is spanning first-party products, protocol infra, research, and a strategic fund for trading and AI partners. Aptos network holds $1.2B in onchain assets; sub-50ms block times and sub-500ms finality are central to the institutional pitch.

Major beneficiaries

– Decibel: Aptos-incubated onchain perps exchange; $1B+ cumulative volume since February mainnet launch

– Shelby: Hot storage protocol for AI agent data markets; targets AI training datasets and agent-to-agent data exchange

This week’s flow was concentrated around tokenized assets and real-world financial infrastructure. From Treasury settlement on XRPL to Western Union stablecoins on Solana, multiple institutional products moved into production simultaneously, alongside some of the larger capital raises of this cycle.

🔎 Recent Updates & Developments

– Ondo, JPMorgan, Mastercard and Ripple completed first cross-border tokenized Treasury settlement on XRPL in under 5 seconds

– DTCC will launch tokenized securities platform, enabling onchain trading of equities, ETFs and Treasuries with full legal ownership

– Andreessen Horowitz raised $2.2B crypto fund, doubling down on stablecoins and blockchain financial infrastructure

– Western Union launched USDPT stablecoin on Solana, enabling global settlement across 200+ countries beyond banking hours

– Solana Foundation and Google Cloud launched Pay sh, enabling AI agents to pay for APIs using stablecoins onchain

– Coinbase partnered with Centrifuge to scale tokenization on Base, targeting ETFs, credit funds and structured products

– Securitize launched regulated tokenized equities on Solana, enabling onchain issuance and trading with institutional liquidity

– Kalshi finalized $1B raise at $22B valuation, highlighting rapid growth of prediction markets despite regulatory pressure

Meta is facing backlash after thousands of Facebook and Instagram users reported being suddenly banned over alleged child exploitation violations they say are completely false.

Many users claim Meta’s AI moderation systems are wrongly flagging accounts, while appeals are reportedly denied within minutes with little to no human review. Some affected users say the bans have damaged businesses, erased years of memories, and created fears of legal consequences.

Nearly 60,000 people have signed a petition demanding better support and accountability from Meta. Even some Meta Verified subscribers say they were unable to get meaningful help from customer support.

The attack targeted a custom RFQ swap proxy controlled by TrustedVolumes, a DeFi market maker and official resolver on 1inch Fusion, responsible for filling gasless swap orders and providing liquidity across the protocol.

The exploit drained 1,291.16 WETH, 206,282 USDT, 16.939 WBTC, and 1,268,771 USDC from the affected contract.

893,829 total agentic transactions in 2026. 46,755 active AI agents. 165,598 unique addresses. Base L2 has quietly become the most active chain for autonomous agent infrastructure — and five protocols are driving nearly all of it.

Solana Research Institute (SRI) is an independent, not-for-profit research forum dedicated to bridging financial institutions and public blockchain infrastructure, with a focused lens on Solana.

Backed by founding members, the SRI will publish research, host closed-door sessions, and run working groups on the legal, structural, and technical questions that will determine how TradFi actually moves on-chain.

This is the biggest M&A deal in crypto infrastructure history. Equiniti is a leading global transfer agent serving nearly 3,000 issuer clients, 15,000 corporate clients, 20 million shareholders, and processing $500B in annual payments.

The combination creates the first fully integrated blockchain-enabled, blue-chip issuer services provider — unifying a regulated transfer agent with end-to-end tokenization infrastructure.

The $4.2 billion transaction comprises $1.85 billion of assumed Equiniti debt and approximately $2.35 billion in Bullish stock consideration, priced at $38.48 per share based on Bullish's 30-day VWAP as of May 4, 2026.