Coinbase

Eight web3 games have either shuttered, paused operations, or pivoted back to web2 this year as major funding dries up. Source link

Tether has pledged up to $127.5M to help Drift “support user recovery and relaunch the Drift platform” after a $285M hack. Source link

Solana’s “100% uptime” claim is true at the cluster level, but anyone in the Harmonic Major validator went delinquent 32 times in 30 days. Source link

Kyrgyzstan-registered crypto exchange Grinex has suspended operations. It had previously been linked to sanctions evasion of up to $6B. Source link

Tether-related companies Northern Data and Rumble are set to begin their merger, with Rumble offering equity for shares of Northern Data. Source link

It took years of leverage and over $11B in unrealized losses for Michael Saylor’s Strategy to flip green on its BTC bet today. Source link

Vercel says attackers accessed its internal systems, sparking fears poisoned Next.js code could be used to drain funds from DeFi apps. Source link

DeFi is in crisis mode with multiple lending markets at full utilization after $290M of Kelp DAO’s rsETH was hacked from Layer Zero. Source link

Crypto exchanges Binance, Bitget, and Gate all claimed that they are investigating the RAVE token as it began its -97% downward spiral. Source link

Litecoin mocked Solana’s outages for years, then suffered its own chain reorg via a delayed privacy upgrade exploit. Source link