K Wave Media is shifting $485 million in funding from its Bitcoin treasury strategy towards an AI infrastructure play.
Balance Coin, Balance Protocol's algorithmic stablecoin, dropped over 99% after an exploit. Blockchain security firms SlowMist and PeckShield identified the cause as oracle manipulation, leading to $915,000 in losses for 42DAO.
Ethereum (ETH) tested $1,950, triggering $62 million in liquidations, aligning with a broader market rally. Despite record staking reducing sell pressure, weak onchain activity and low DEX volumes signal trader caution, with future gains potentially hinging on external catalysts like corporate earnings.
Lending protocol Morpho launched Morpho Midnight on Base, introducing fixed-rate, fixed-term loans to its onchain credit network. This new offer-driven protocol allows lenders and borrowers to propose terms, aiming to attract institutions by providing predictable borrowing costs.
Bitcoin (BTC) surpassed $66,000, reaching a one-month high, fueled by trader enthusiasm and short liquidations. Analysts predict further gains towards $67,000-$70,000, while month-end derivatives positioning indicates a slow return of confidence in crypto risk, despite some concerns about real buying interest.
Arcus, a decentralized exchange backed by Robinhood Crypto, has launched tokenized stocks and perpetual futures on Robinhood Chain, offering over 95 stock tokens and derivatives. The platform uses a self-custodial model, but its stock tokens are unavailable in the US, Canada, and the UK due to ongoing regulatory questions.
Cryptocurrency exchange MEXC has launched staking support for Bittensor's TAO token, enabling its 40 million users to earn rewards by securing the decentralized AI network. This integration, announced by Bittensor validator Yuma, aims to expand access and participation in the Bittensor ecosystem, which coordinates AI model development through 128 subnets.
