Unrealized losses in the crypto market reach $350 billion, with bitcoin at $85 billion. This increase is due to tighter liquidity and lower trading volumes, leaving short-term holders most affected by recent volatility.

Crypto.com, Kalshi, Coinbase, Robinhood, and Underdog have formed the Coalition for Prediction Markets to advocate for safe, regulated prediction markets and educate policymakers on their differences from gambling.

Bitcoin and ether surged ahead of the Federal Reserve meeting, prompting over $300 million in short liquidations. This price movement highlights the influence of macroeconomic decisions on crypto volatility.

Circle is launching USDCx, a privacy-focused stablecoin on Aleo, offering banking-level privacy while ensuring regulatory compliance through zero-knowledge cryptography. Transactions maintain a 1:1 peg to USDC, with compliance records accessible to authorities.

BlackRock has filed for an S-1 to launch the iShares Staked Ethereum ETF, trading as ETHB. The fund aims to stake 70-90% of its holdings, mimicking ETH price movements and distributing quarterly yields.

The amount of ether on centralized exchanges has dropped to 8.8% of total supply, the lowest since 2015, as it moves into long-term holding channels. This could lead to a supply squeeze if demand rises, while bitcoin's exchange balance remains higher at 14.7%.

Polymarket has launched its U.S.-specific iOS app for waitlisted users after receiving CFTC approval, marking its return post-2022 ban. The platform's re-launch follows rival Kalshi's recent successes, with both companies closely competing in trading volume.

Glassnode highlights that Bitcoin's current market resembles Q1 2022, with over 25% of its supply unprofitable. Demand is decreasing, and price stability within the $96,000 to $106,000 range is crucial to avoid deeper bearish trends.

The Aave DAO is considering a governance proposal to scale back its multichain strategy by winding down some of its lowest‑revenue deployments on certain chains.
The temp‑check proposal “Focussing the Aave V3 Multichain Strategy,” authored by ACI, calls for a complete wind-down of Aave V3

CoinShares has withdrawn its ETF registration filings for XRP, Solana staking, and Litecoin, shifting focus to crypto equities and multi-asset strategies amid fierce competition in the U.S. market. This move coincides with plans for a $1.2 billion merger.

Terminal Finance, a DEX incubated by Ethena, has canceled its launch due to the failure of its intended platform, Converge, to go live. Despite securing $280 million in deposits, the team prioritized integrity over hasty launches. Participants can withdraw their funds in full.

MegaETH will refund all funds from its pre-deposit bridge campaign due to multiple technical failures that hindered liquidity loading for its USDm stablecoin. The team acknowledged poor execution and misalignment of expectations, with refunds pending a new smart contract audit.

The Balancer community is discussing a proposal to distribute $8 million from a recent exploit, focusing on reimbursements to affected liquidity providers based on their Balancer Pool Tokens. The plan restricts payouts to specific pools and involves in-kind payments while offering bounties to white hat hackers. Approval from Balancer DAO governance is still pending.

Do Kwon, co-founder of Terraform Labs, seeks a five-year prison term for his involvement in the $40 billion TerraUSD collapse, while U.S. prosecutors propose a 12-year cap. He has acknowledged his mistakes and accepted responsibility.

South Korean authorities suspect North Korea’s Lazarus Group of a $30 million cryptocurrency theft from Upbit, linked to a recent hack. Upbit has suspended transactions and pledged customer reimbursements, while investigating the incident.

Grayscale Investments has filed to convert its Zcash Trust into a regulated spot ETF for ZEC, potentially the first of its kind for a privacy-focused cryptocurrency, amid increasing interest in privacy within the crypto community.

Polymarket has received CFTC approval to operate a regulated prediction market in the U.S., allowing users to trade through FCMs while implementing necessary surveillance and regulatory standards.

Edel Finance allegedly acquired a third of the EDEL token supply through complex wallet transfers, raising concerns about the project's integrity. Co-founder James Sherborne disputed these claims, asserting that tokens were placed in a vesting contract.

Buy-now pay-later firm Klarna has entered the digital asset space by launching a new U.S. dollar-backed stablecoin called KlarnaUSD, with the goal of slashing cross-border payment fees for its 114 million users.
“The move comes as McKinsey estimates stablecoin transactions now top $27 trillion a