Big names kept backing crypto rails: OKX held its $25B valuation with Circle, Ripple and StanChart joining, Spiko raised $90M and ether.fi launched its own stablecoin. The CFTC opened rulemaking for crypto venues, and Blast shut down its L2.

Five that actually mattered:

— Circle, Ripple and StanChart back OKX at $25B

— CFTC opens rulemaking on crypto venues

— Blast shuts down its L2

— Solana launches DvP with J.P. Morgan input

— Polymarket moves to Protocol V2