Track market-moving stories before they get noisy

Cryptocurrency partnerships always carry value in the industry. These partnerships are sometimes announced to the public. We see the crypto community reacting to each announcement. The latest announcement comes from Contentos. The altcoin project’s announcement highlights a detail about NVIDIA.

In the announcement made by the altcoin project Contentos, the NVIDIA detail was mentioned with the following statement:

“Contentos is excited to officially join the NVIDIA Developer Program to integrate into our product and service group including http://COS.TV, http://COS.SPACE, and http://Channel.VIP!”

Following the development, there was significant volatility in the price of COS. The COS price jumped from $0.09 to $0.108. However, the price of Bitcoin pulled back slightly, which also affected the COS price. COS returned to the price levels where the rise began.

Cryptocurrency market developments often reflect quickly on prices, so it is beneficial for investors to follow such developments and catch price movements. However, as prices rise quickly, pullbacks can also occur rapidly. Therefore, waiting for a moment when the price stabilizes is important to prevent investor losses.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Binance exchange announced on Wednesday that it will delist certain crypto assets in BTC margin trading pairs. The changes affect Qtum and Venus margin trading, as well as, Contentos and Frax spot trading. Despite the delisting news, QTUM has risen 8% today and XVS is up 7.5% due to post-election market momentum fueled by Donald Trump’s victory.

Binance Delisting Notice for QTUM, XVS, COS, FXS Traders According to Binance’s official release, the exchange plans to delist QTUM and XVS from BTC margin trading pairs. This move is part of Binance’s strategy to streamline offerings and enhance platform efficiency. Starting November 7 at 06:00 UTC, isolated margin borrowing for QTUM/BTC and XVS/BTC will be suspended, with full delisting on November 14 at 06:00 UTC.

Positions in both cross and isolated margin pairs will close automatically, with all open orders canceled. To prevent losses, Binance advises users to close their positions early and transfer assets from Margin Wallets to Spot Wallets. This guidance aims to help users navigate the transition smoothly.

While QTUM and XVS are leaving BTC margin trading, both assets will remain available on other non-margin pairs. This keeps options open for users who want to continue trading these assets on Binance. The changes reflect Binance’s ongoing adjustments to meet shifting market demands.

In addition, Binance will delist spot trading pairs COS/BTC and FXS/BTC on November 8 at 03:00 UTC. This decision follows Binance’s routine evaluations to maintain a high-quality trading environment. Factors like low liquidity and trading volume often influence these choices.

Price Movements and Volume Trends Amid Delisting The recent U.S. election result, with Donald Trump’s victory, has fueled a surge in these coins, reflecting renewed market optimism.

QTUM price is trading at $2.32, witnessing an intraday low of $2.13 and high of $2.32. While QTUM has gained traction in the short term, it’s still down over 3% the past week and 5% over last month. Moreover, the trading volume in the last 24 hours is $31 million and a market cap around $244.5 million.

XVS is also riding the wave, trading at $6.70, with a low of $6.19 and high of $6.70 over the last 24 hours. Its trading volume reached $2.82 million, indicating strong recent interest. Meanwhile, COS trades at $0.0066, and FXS is priced at $1.818, each seeing notable growth today.

COS: Contentos Monthly Report : November 2025

Binance will discontinue support for deposits and withdrawals of certain tokens on some networks.

PANews reported on March 13th that, according to an official announcement, Binance will cease supporting deposits and withdrawals of designated tokens from the following networks at 16:00 (UTC+8) on March 20, 2026. After 16:00 on March 20, 2026, deposits made using these designated tokens will not be credited to your account, potentially resulting in asset loss.

Contentos (COS) via Ethereum Network; Through BNB Smart Chain's Dego Finance (DEGO).Share to:

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COS: Contentos Ecosystem Update

COS: Contentos Monthly Report : April 2026

Binance will delist COS, D, HIGH, and MBOX on June 19th.

PANews reported on June 5th that, according to an official announcement, based on recent reviews, Binance has decided to suspend trading and delist the following cryptocurrencies at 11:00 AM (UTC+8) on June 19, 2026: Contentos (COS), Dar Open Network (D), Highstreet (HIGH), and MOBOX (MBOX).

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Analysis: Bitcoin miners face profit pressure, with around 20% of mining firms now operating below the break-even point.

Bitcoin miners' revenue continues to decline, with the current 7-day average daily income dropping to around $30 million, a notable pullback from the over $50 million level seen last summer. Meanwhile, on-chain transaction fee revenue has fallen to less than $250,000, accounting for an extremely small share of miners' total income. Data from JPMorgan Chase shows the average production cost is approximately $78,000, and Bitcoin’s price has remained below this level for five consecutive months — the longest such stretch in the current cycle. An estimated 20% of miners are already operating at a loss; some high-cost miners have begun frequently powering their mining rigs on and off in response to price fluctuations, leading to a stronger correlation between network hash rate difficulty and Bitcoin’s price. Additionally, Bitcoin’s mining difficulty was adjusted down by roughly 10% in the second week of June, marking the second pullback of the same magnitude this year. Publicly listed mining companies, meanwhile, are relying more on their balance sheets to sustain operations, selling over 32,000 BTC in the first quarter alone to cover operating costs. Analysts note that against the backdrop of continuously shrinking block subsidies and stagnant fee revenue, a recovery in miners’ profits will primarily depend on a rise in Bitcoin’s price.

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Japan and South Korea's stock markets opened higher, with South Korea's KOSPI index rising 2.9% and SK Hynix surging 11%.

According to Bitget market data, the Nikkei 225 index opened 1.4% higher at 70114.09. South Korea’s KOSPI index rose 2.9%. South Korean stocks SK Hynix gained 11%, while Samsung Electronics rose 5%.

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Trader Maji was liquidated on his 25x leveraged long Ethereum position, incurring $1.9 million in losses, and subsequently opened a new position.

According to monitoring by OnchainLens, Stanley Huang, known as "Machi Big Brother" (@machibigbrother), has had his 25x leveraged long Ethereum (ETH) position fully liquidated, incurring a loss of approximately $1.9 million. Notably, he opened a new 25x leveraged long ETH position immediately after the liquidation. Machi Big Brother’s cumulative historical losses exceed $35.4 million.

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Micron posted strong quarterly results, with its quarterly revenue and next-quarter outlook significantly exceeding market expectations. Its stock surged nearly 16% in after-hours trading, driving a broad rally across the storage sector.

According to its official financial report, Micron Technology (MU.O) reported Q3 fiscal 2026 revenue of $41.456 billion, beating market expectations of $35.423 billion and surging from $9.301 billion in the year-ago period. The company issued Q4 fiscal revenue guidance of $50 billion, against market expectations of $42.915 billion. Micron CEO Sanjay Mehrotra stated: "Micron’s record-breaking Q3 fiscal financial results and stronger Q4 outlook reflect the strategic value of memory chips in the AI era. We believe our multi-year strategic customer agreements will significantly enhance the durability and predictability of Micron’s strong financial performance." Micron’s Q3 report showed net profit of $28.24 billion, or $24.67 per share, up from $1.89 billion, or $1.68 per share, in the same period last year. Excluding certain one-time items, Micron reported adjusted earnings per share (EPS) of $25.11, exceeding analysts’ consensus estimate of $20.86. Driven by the quarterly revenue and outlook that topped expectations, as of press time, Micron jumped 15.95% in post-market trading on the U.S. stock market, also lifting other memory stocks sharply: Seagate (STX) rose 10.21%, Western Digital (WDC) gained 12.31%, and SanDisk (SNDK) surged 15.77%.

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Kalshi is reportedly seeking a new round of financing, with its valuation potentially rising to $40 billion.

According to a report from the U.K.’s Financial Times, prediction market platform Kalshi is in discussions with investors for a new funding round targeting a roughly $40 billion valuation, with a potential close as early as the third quarter of this year. The development follows Kalshi’s $1 billion financing round completed last month, which valued the firm at $22 billion, with backers including leading institutions such as Coatue, Sequoia Capital, Andreessen Horowitz, and Morgan Stanley. Data shows Kalshi’s trading volume last month surpassed $17 billion, a sharp jump from less than $5 billion a year prior, with approximately 65% of that volume stemming from sports-related prediction contracts.

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Polymarket integrates with Telegram via TON, enabling users to participate in prediction markets directly within the messaging app.

Polymarket has been integrated into Telegram via Predict, a native decentralized application (dApp) of the TON ecosystem. Developed by the Getgems team, the app allows users to directly participate in prediction markets covering sports, politics, cryptocurrency, culture and other sectors within Telegram. Transaction results are settled on-chain, and users retain full control over their assets. Users can participate in trades using USDT on the TON network, and pay a small amount of GRAM for gas fees. The cross-chain infrastructure is powered by STON.fi’s Omniston protocol, enabling the prediction market service to seamlessly integrate into the Telegram ecosystem.

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How Polygon Agglayer Held Through DeFi’s Worst Week Since FTX

PANews reported on May 12 that Resolv Labs announced on its X platform that it is advancing recovery efforts and has reached an agreement with Fluid, the main affected protocol. The protocol framework differentiates between pre- and post-event risk exposures: positions with positive net value before the event will be fully compensated by Resolv; bad debts incurred after the event will be shared equally by Resolv and Fluid. Settlement will be completed on May 11. Resolv stated that discussions with other protocols and counterparties are ongoing.

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TLDR: The March Resolv exploit minted $80M in uncollateralized USR, leaving Fluid with roughly $21M in bad debt. Bad debt was split among Resolv ($9.7M), Fluid’s treasury ($8.2M), and the core team ($1.5M) for full coverage. Fluid will pause FLUID buybacks and cut token emissions to prioritize treasury rebuilding and reduce sell pressure. Upcoming launches include a Solana DEX, DEX v2, fixed-rate borrowing, and custodied collateral for institutional clients. Fluid, a DeFi liquidity protocol, confirmed that the March Resolv exploit resulted in roughly $21 million in bad debt for the platform.

The attack involved the unauthorized minting of approximately $80 million in uncollateralized USR tokens. Fluid clarified that its own smart contracts were not compromised.

All losses have since been fully covered through a combination of contributions from Resolv, Fluid’s governance treasury, and the core team.

How the Bad Debt Was Resolved The exploit originated from compromised signing infrastructure within the Resolv ecosystem. A malicious actor used this access to mint uncollateralized USR tokens. Fluid had roughly $100 million in exposure to Resolv at the time of the attack.

Opportunistic actors then purchased discounted wstUSR tokens and posted them as collateral at inflated oracle prices.

They borrowed stablecoins against these positions and abandoned them, leaving residual bad debt on the protocol. Within hours, Fluid paused affected markets and secured external commitments to backstop the losses.

The $19.3 million in remaining bad debt was split among three parties. Resolv covered approximately $9.7 million, while Fluid’s governance treasury contributed $8.2 million. The team covered the remaining $1.5 million, to be reimbursed from future protocol revenue.

Treasury Adjustments and Emission Changes Following the incident, Fluid announced several steps to rebuild its treasury. The protocol will pause its FLUID token buyback program, having already repurchased around 1.3% of total supply. FLUID token emissions will also be significantly reduced or eliminated to cut sell pressure.

Additionally, the Foundation will forgo its planned $250,000 monthly allocation from March through June. This decision reflects the protocol’s focus on treasury recovery over discretionary spending. The goal is to sustain organic growth while restoring financial stability.

Fluid also addressed a separate issue involving its ETH Lite Vault. During the KelpDAO incident, ETH utilization neared 100% across major lending markets, temporarily blocking withdrawals.

The team deployed an aWETH redemption mechanism that processed over $440 million in redemptions, generating enough fees to fully offset losses from that period.

Upgraded Systems and Upcoming Products Fluid outlined several upgrades to its oracle and pricing infrastructure. The new system introduces per-key pricing, token classification, multi-source oracle feeds, and deviation checks that halt operations if prices shift beyond set thresholds. These changes are designed to improve risk management under extreme market conditions.

The protocol also plans to establish legal agreements with asset issuers. These agreements aim to create enforceable claims on underlying assets and enable recovery pathways when an asset loses its peg.

As Fluid noted in its post-mortem: “Recent events have shown that asset backing alone is insufficient without enforceable claims.”

On the product side, Fluid confirmed that DEX v2 is ready but will launch once market conditions improve. The Solana DEX is in its final audit stage, with a launch expected within six weeks.

Fixed-rate borrowing, Liquidity-as-a-Service, and custodied collateral products are also in development. These offerings target institutional clients who prefer to hold assets in custody while accessing DeFi liquidity.

Fluid stated that several institutional integrations are already underway, with the largest institutional market deployment expected imminently.

The protocol plans to co-design frameworks with traditional asset managers entering DeFi, offering technical and business development support alongside its liquidity infrastructure.

TLDR Table of Contents

TLDRBitwise and Jupiter Launch Isolated USDe Market on SolanaUSDe Gains Dedicated Lending Support Through Fluid IntegrationGet 3 Free Stock Ebooks Jupiter has partnered with Bitwise to launch an isolated USDe lending market on Solana. Bitwise will curate the dedicated USDe pool within Jupiter Lend for institutional participants. The USDe market will operate separately from Jupiter Lend’s main liquidity layer. The structure aims to manage risk and support institutional capital participation. Fluid protocol will provide collateral and lending infrastructure for the isolated pool. Jupiter has partnered with Bitwise to launch an isolated USDe lending market on Solana. The firms announced the initiative on Wednesday and confirmed institutional access. The structure separates USDe liquidity and integrates Fluid for lending infrastructure support.

Jupiter confirmed that Bitwise will curate a dedicated USDe market on Jupiter Lend. The platform will isolate this market from its main liquidity layer to manage risk. The firms said the structure aims to support institutional capital with controlled exposure.

Bitwise will oversee market parameters while Jupiter provides the lending framework. The setup marks the first time an institutional asset manager curates a market on Jupiter Lend. The companies stated that this approach strengthens risk management and capital efficiency.

The isolated pool will function independently from other lending markets on the platform. As a result, liquidity risks from other assets will not affect the USDe market. The partners said this design aligns with institutional compliance standards.

Jonathan Man, Head of DeFi Strategies at Bitwise, addressed the launch. He said, “Jupiter and Fluid have built unique infrastructure for efficient lending markets.” He added that the design provides deep liquidity and risk-mitigating features.

USDe Gains Dedicated Lending Support Through Fluid Integration The initiative integrates Fluid protocol to supply collateral and lending infrastructure. Fluid will support collateral management and borrowing operations within the isolated pool. The firms confirmed that this integration enhances operational efficiency.

The new market allows users to earn yield on USDe within Jupiter Lend. USDe functions as a synthetic asset that maintains a stable value target. Ethena Labs issues the token and oversees its underlying structure.

Guy Young, CEO of Ethena Labs, commented on the development. He said, “USDe is an institutional-grade savings product, built for scale.” He added that the combined infrastructure creates an efficient USDe market ready for DeFi adoption.

USDe launched in early 2024 and expanded rapidly across crypto markets. By mid-2025, it ranked as the third-largest stablecoin by market capitalization. The asset attracted institutional participation during its early growth phase.

However, USDe later declined in market rankings after volatility pressures. A crypto market crash on Oct. 10 exposed decoupling risks linked to the asset. Market data showed fluctuations in USDe’s price stability during that period.

Jupiter and Bitwise did not disclose specific yield rates for the market. They confirmed that the structure will operate under defined collateral parameters. The companies stated that the market is now live on Solana.

Nick Sawinyh on 17 May 2026

Fluid cleaned up its share of the Resolv USR exploit bad debt the way a fast-moving team does: a single multisig pulled roughly $8M of USDC and USDT out of the shared liquidity layer through a pre-approved credit line, swept thousands of scattered bad-debt positions into one address, and balanced the books. The matching $8.2M treasury commitment that’s supposed to repay the credit line is locked in restricted positions that need a governance vote to unlock. That vote was posted to the forum days later, with the on-chain action already done.

The protocol stayed solvent. No user deposit was touched. TVL is holding around $970M. The cleanup worked.

Then an on-chain researcher started pulling the transaction trail apart, and the story stopped being about Resolv.

It is May 17, 2026 as I write this. The governance proposal is still being debated, the on-chain criticism is still landing on X, and the numbers below will keep moving for a while yet. The structural argument underneath them is what this piece is about.

Fluid is the lending-and-DEX protocol that grew out of InstaDapp, now operating under its own FLUID token and DAO. The architectural premise is a single shared liquidity layer that every Fluid subprotocol (lending vaults, DEX, DEX Lite) borrows from, rather than maintaining its own siloed pools. Suppliers deposit assets once and earn from utilization across every market that draws on the layer.

That design has obvious capital-efficiency upside. It also concentrates risk in a specific way: subprotocols that can pull from the layer hold permissioned credit lines, and a Guardian multisig can pause access in an emergency. The team multisig is the load-bearing piece in that setup.

The credit line at the center of this story was originally approved by governance for Fluid DEX Lite, a gas-optimized swap router launched in August 2025 that uses the liquidity layer as its inventory source. It is a permissioned, uncollateralized facility: an approved address can draw USDC and USDT out of the shared pool against the protocol’s credit rather than against posted collateral. In May 2026, the team multisig drew on this same facility to consolidate bad-debt positions left behind by the Resolv depeg.

The Underlying Incident: A Quick Recap In late March 2026, an attacker compromised Resolv Labs’ off-chain signing infrastructure and minted approximately 80 million unbacked USR through a broken completeSwap() flow. USR depegged hard, and roughly $25M of extracted value got dumped through DEX liquidity. The full breakdown is in our Resolv USR exploit post.

Fluid had about $100M of USR exposure when the depeg hit, mostly through lending markets where USR and its wrapped variants were supplied as collateral against USDC and USDT borrows. When USR collapsed, ~$21M of positions went underwater and turned into bad debt sitting against the protocol. Fluid’s own contracts were not exploited. Oracles, pricing logic, and validation were upgraded immediately after the incident. The damage was downstream of a counterparty failure, not internal.

On May 12, 2026, Fluid announced the resolution. The $21M loss was split three ways:

Resolv: ~$9.7M (the issuer absorbing the largest share) Fluid governance treasury: ~$8.2M Fluid core team: ~$1.5M, reimbursed from future protocol revenue Roughly $19.3M was repaid in full, with the team fronting its $1.5M slice in cash now and the protocol committed to reimbursing it from future revenue. The remaining malicious USR was burned at the contract level; healthy positions remained redeemable directly via Resolv.

The split itself was uncontroversial. Most observers treated it as a pragmatic outcome that kept users whole. The fight that broke out this week is about how the treasury’s $8.2M share got onto Fluid’s balance sheet on-chain.

The Proposal on the Table On May 11, 2026, the Fluid team posted “Post-Mortem, Treasury Actions, and Forward Strategy Following Resolv Incident” to the governance forum. It bundles four things:

A formal post-mortem of the Resolv incident, including the loss split. Treasury actions for the $8.2M contribution: transferring the treasury’s full balance of iETHv2 deposit tokens, plus ancillary positions like fGHO, from the treasury’s DeFi Smart Account to the team multisig so the multisig can liquidate them and repay the credit line it drew against the liquidity layer. Financial restructuring: an immediate halt to FLUID buybacks (the program had bought back roughly 1.3% of supply and was judged ineffective for price support), a significant reduction in FLUID emissions, and a four-month suspension of the $250k/month Foundation grant covering March through June 2026. Security and roadmap changes: a detailed oracle overhaul (per-key pricing, multi-leg feeds, deviation checks, per-token pause bits, sequencer-uptime guards on L2), legal agreements with asset issuers for enforceable claims in depeg scenarios, a delay on the DEX v2 launch, continuation of the Solana DEX v1 launch (~6 weeks out, audits wrapping), and a forward product slate that includes Liquidity-as-a-Service, fixed-rate borrowing, custodied collateral, and institutional onboarding. The proposal does not introduce new spending. It formalizes the asset movements needed to settle a position the team multisig already opened. As of writing, the forum thread has minimal direct engagement; the live debate has migrated to X.

What Actually Happened On-Chain The critique that ignited the past two days came from on-chain researcher @jpn_memelord, who walked the transactions and posted a step-by-step thread. The mechanics below are reconstructed from that thread and the founder’s reply on X; addresses called out in the original posts can be cross-checked against any Ethereum explorer.

The Resolv depeg left ~$8M of bad debt spread across thousands of individual lending positions on Fluid (collateral marked down faster than the loans against it). Cleaning this up position-by-position would have been slow, expensive in gas, and visible to users on a market-by-market basis. The team multisig instead drew USDC and USDT directly from the liquidity layer, using the pre-approved DEX Lite credit line, and consolidated the bad debt into a single address. The thousands of small unhealthy positions were repaid; one large debit sat against the multisig instead. The treasury’s own assets (the iETHv2 deposits and ancillary positions described in the proposal) were not immediately accessible at full value. iETHv2 sits in a vault currently subject to restrictions that effectively require governance action to fully liquidate. The treasury’s liquid balance was closer to $5.3M than the headline $8.2M figure. The May 11 proposal is the governance step that resolves that mismatch: move the restricted treasury assets to the multisig so they can be unwound and used to repay the credit line. The critique was never that any of this was hidden. The on-chain footprint was visible from the first block. The objection is that the credit-line draw happened before the governance vote that authorizes it. Until the treasury assets are unlocked and applied, the outstanding balance against the liquidity layer effectively sits on the shoulders of USDC and USDT suppliers, whose deposits are the source of the funds the multisig used.

Critics argue this constitutes a change in the risk profile that suppliers signed up for: they consented to lending into a credit facility scoped to DEX Lite expansion, not to short-term bad-debt cleanup. Net-neutral over the lifetime of the operation, yes. Risk-neutral at every point along the way, less obviously.

Why the Treasury Wasn’t Simply Available Much of the X argument turns on a detail that’s easy to miss: a DAO treasury denominated in productive assets is not the same thing as a treasury denominated in cash.

Most of Fluid’s treasury value sits in iETHv2 deposit tokens, claims against an ETH position in one of Fluid’s v2 lending vaults. That position was earning yield, which is the whole reason it was structured that way. But a deposit token isn’t a stablecoin you can hand over to repay USDC and USDT borrows; it has to be redeemed through the vault, and per the proposal that withdrawal path is currently restricted and needs governance unlock. Smaller positions like fGHO need to be converted to GHO and then routed.

You can defend either of two positions here.

Position A (team): pre-positioning treasury in productive assets is good capital management; nobody anticipated needing to pull eight figures of liquid stables in a hurry; the credit line was the cleanest tool to bridge the gap until governance can unlock the assets formally. Net effect: nothing leaves the protocol, the books balance, users are protected, and the multisig is acting as an intermediary on its own balance sheet rather than spending fresh money.

Position B (critics): a treasury that requires governance unlock to be deployed in an emergency is, for the duration of that unlock, closer to a designated future contribution than to ready cash. The $8.2M headline figure overstated what was actually available. Using a DEX-Lite-scoped credit facility to paper over the gap stretched the definition of “pre-approved” past what suppliers had reason to expect.

Both positions are defensible. The interesting question is which one the precedent set this week will look like, twelve months from now, when the next emergency lands.

The Founder’s Pushback Fluid founder Samyak Jain (@smykjain) responded on X, and the team-account @0xfluid backed the framing. The argument, in short:

The credit-line draw was internal accounting, not new spending. The multisig consolidated bad debt; assets balanced out at the protocol level; the move did not extract money from the system. The governance proposal had been drafted days earlier. The team accelerated its posting in response to the criticism rather than because the underlying plan changed. The DEX Lite credit line was a pre-existing governance grant, and using a multisig with permissioned access for an emergency cleanup was within the scope of how that role was designed. Some of the criticism, in the team’s read, is downstream of rival-protocol community politics rather than substantive risk analysis. The last point tends to land badly in DeFi governance. Accusing critics of bad faith is sometimes correct and almost always counterproductive. The substantive answer (“the multisig consolidated debt, nothing left the protocol”) is stronger on its own.

The Numbers Worth Holding On To Strip out the X noise and there’s a clean set of figures.

Item Value Pre-incident Fluid USR exposure ~$100M Bad debt from Resolv depeg ~$21M Resolv contribution ~$9.7M Fluid treasury contribution ~$8.2M Core team contribution (deferred) ~$1.5M Total repaid up front ~$19.3M Liquid treasury at time of cleanup ~$5.3M Treasury assets requiring governance unlock bulk in iETHv2 + ancillary fGHO Credit-line draw from liquidity layer ~$8M in USDC + USDT Foundation grant suspended $250k/month × 4 months FLUID supply previously bought back ~1.3% Current TVL ~$970M FLUID price drawdown from ATH ~93% from $24.40 The two figures that should make a careful reader pause are the liquid treasury balance ($5.3M) versus the headline treasury contribution ($8.2M), and the credit-line draw of roughly $8M in USDC and USDT against the liquidity layer. The first says the treasury was smaller than the announcement implied. The second says the gap was bridged through a pre-existing credit facility rather than a fresh authorization. Everything controversial about this story sits between those two numbers.

What This Says About DeFi Governance There’s a recognizable shape here, and we’ve written about it before in Aave’s governance crisis and the broader question of how decentralized “decentralized governance” actually is. An operationally competent core team holds the keys that matter. An emergency creates time pressure. The team acts. The formal process catches up afterward. And the resulting argument is about whether “catches up afterward” counts as governance at all.

The structural tension is real and not unique to Fluid. Modern DeFi protocols are not, in practice, governed by 14-day voting cycles on every operational decision. They are governed by a thin layer of permissioned roles that can move quickly, sitting on top of a broader DAO that ratifies, audits, or revokes those roles. The argument is over how thin that layer should be, what triggers it has to clear before acting, and how much of the post-facto ratification can be drafted by the same people who took the action.

A few honest observations:

The pragmatic case is strong. Distributed governance is slow. An $8M cleanup that requires a 14-day Snapshot vote is an $8M cleanup that gives the market 14 days to short the FLUID token and short USR-adjacent assets, while bad debt accrues interest on the protocol’s side. The team’s instinct to consolidate and balance the books before the news cycle peaked is operationally defensible. The transparency case is also strong. USDC and USDT suppliers consented to a credit facility scoped to one purpose. Repurposing it for another, even with the intent to repay, broadens what “permissioned access” can be used for without consulting the people whose deposits sourced the funds. Future suppliers will price that ambiguity into the yield they demand, or simply route capital elsewhere. Precedent compounds. If “pre-approved credit line, drawn by multisig, ratified later” lands as an acceptable emergency procedure, the boundary of acceptable emergency procedures has moved. The next protocol facing a similar choice can point at this one. Norms drift that way, one defensible decision at a time. Neither side of this debate is obviously stupid. Both are arguing about a real trade-off that hasn’t been satisfactorily resolved anywhere in DeFi.

Uncomfortable Questions Why did the team multisig hold this much operational authority in the first place? Pre-approved credit lines for specific subprotocols are not unusual. Pre-approved credit lines that can be repurposed for ad-hoc cleanup are a different category. If the answer is “the role was always intended to cover emergencies,” the role’s documented scope should say so. If the answer is “the scope was narrow but we used it broadly under stress,” that’s worth saying explicitly.

What is the actual unlock mechanism for iETHv2? The proposal references restricted treasury assets but does not detail the mechanics that prevent immediate access. For depositors and suppliers trying to reason about how much of any DAO treasury is genuinely available in a crisis, that mechanism matters more than the headline number on the dashboard.

Where does the precedent end? Could the same credit line be drawn against tomorrow for an emergency that the DAO would not have authorized in advance? The team’s answer is no, but the answer that matters is the structural one: what stops it?

How does this interact with the Fluid Foundation proposal? Fluid is in the middle of transferring IP and protocol assets to a Cayman Islands foundation, with InstaDapp employees on the board, governed by DAO votes. The foundation is the legal entity that will eventually hold the multisig keys. If the practical pattern is that the team acts and the DAO ratifies, the foundation structure makes that pattern legally cleaner, not more constrained. That’s either a feature or a problem depending on which side of this week’s argument you’re on.

What is the right design for emergency capital? The useful medium-term outcome of this incident would be a structured emergency facility: capped in size, scoped explicitly to bad-debt cleanup, refilled by a defined rule, and ratifiable in a single short vote. A facility like that would let future cleanups happen without re-litigating the boundaries of pre-approved roles every time. Whether the team or the community drives that work is itself a governance question.

What’s Likely to Happen Next The governance proposal will probably pass. The treasury actions described in it are the cleanest path to closing the credit-line draw and restoring the books to a fully governance-ratified state. Rejection would force a new proposal and leave the credit line drawn against the liquidity layer in the interim, which is a worse outcome for the suppliers the critics are nominally defending.

The buyback pause, emissions cuts, and Foundation grant suspension will likely face less debate. Pulling sell pressure off the token while confidence is fragile is what most protocols do after a drawdown like this. The four-month grant suspension also cuts near-term spending while the treasury rebuilds, which is part of why it’s easy to ratify.

The DEX v2 delay is a tell. DeFi spent April watching the KelpDAO rsETH exploit drain $292M out of Aave through a single forged LayerZero packet, and confidence in cross-protocol composability hasn’t fully rebuilt. Postponing a major DEX launch into that backdrop reads as cautious market timing, not a Fluid-specific weakness.

The longer-term consequence is harder to see. Fluid’s core product fundamentals are intact: the shared liquidity layer, the lending markets, the DEX integration. The protocol absorbed a nine-figure indirect hit from an upstream counterparty and emerged solvent, with users whole and TVL stable. That is a real engineering and operational achievement.

But the part that fed this week’s argument is not unique to Fluid and will not be the last time we see it. Speed versus process, permissioned credit lines used for purposes broader than their origin envisioned, governance votes that follow rather than precede the action they authorize. The next protocol to hit this kind of incident will look at how Fluid handled it, see that the cleanup worked, and either copy the playbook or build the structured emergency facility that makes the playbook unnecessary.

Which way that goes is the actual governance question. The proposal posted on May 11 only settles whether the iETHv2 actually moves.

From DEX v1 to v2: A Quick RecapFluid DEX v1 launched on October 29, 2024, introducing powerful financial primitives: Smart Collateral and Smart Debt. Within just three months, it became the fastest-growing DEX and the second biggest DEX on Ethereum.

Before we even shipped v1, the architecture and roadmap for DEX v2 were already being laid down. This post dives deep into what makes DEX v2 the foundation for any type of AMM.

Architecture OverviewAt its core, Fluid DEX v2 runs on a singleton contract built atop the Fluid Liquidity Layer. This unified structure enables infinite composability while massively improving capital efficiency and gas usage as well as allowing cross-collateralization.

Governance can deploy infinite DEX types, each with its own logic and math, supporting every known AMM model and allowing for the creation of new ones.

On launch, DEX v2 will support 4 major DEX types:

Type 1: DEX v1 Smart Collateral

Type 2: DEX v1 Smart Debt

DEX v1 codebase will be ported to DEX v2 with minimal updates to allow better gas efficiency and some new features.

Type 3: Smart Collateral Range Orders
Like Uniswap v3 range orders, but enhanced — the liquidity earns lending APR by default and can be used as collateral.

Type 4: Smart Debt Range Orders
Create range orders on the debt side by borrowing assets - a completely new primitive.

More DEX types are in the works - including one focused on building the most advanced perpetuals system ever seen on-chain.

Focus on OpennessDEX v2 is built with modularity and permissionless expansion in mind. It will support:

Fully Permissionless Smart Lending Pools
Anyone can deploy Smart Collateral-based DEXes with no debt features.

Conditionally Permissionless Smart Collateral
Anyone can deploy Smart Collateral pools as allowed by governance (eg: users can deploy their own ETH-USDC pool and use that pool’s range order as collateral by default)

Conditionally Permissionless Smart Debt
Anyone can deploy Smart Debt pools as allowed by governance (eg: users can deploy their own USDC-USDT pool and use that pool debt range order with whitelisted collaterals)

Conditionally Permissionless Smart Collateral and Smart Debt
Anyone can deploy multiple Smart Collateral range orders and Smart Debt range orders as allowed by governance (eg: users can deploy wBTC-USDT and sUSDe-USDC as Smart Collateral and borrow ETH-USDC and USDC-USDT as Smart Debt)

In the future, Fluid will allow for fully permissionless Smart Collateral and Smart Debt, allowing users and protocols to create any kind of collateral and debt positions.

DEX featuresDEX v2 goes far beyond standard AMM capabilities:

Smart Collateral Range Orders
By default, LP positions earn lending APR.

Smart Debt Range Orders
A completely new primitive, allowing LPs to create strategies that were not possible before.

On-Chain Dynamic Fees
DEX v2 inbuilt Dynamic Fee or Custom Algorithm via Hooks.

Hooks (Inspired by Uniswap v4)
Custom logic and automation for DEX interactions.

Flash Accounting (Inspired by Uniswap v4)
Boosts gas efficiency for CEX-DEX arbitrage and complex flows.

On-Chain Limit Orders
Limit orders earn lending APR while waiting to be filled.

DEX v1 supports
Everything that DEX v1 does, but in a more gas-efficient way.

Strategy ExamplesDEX v2 allows LPs to combine Smart Collateral and Smart Debt to build advanced positions with built-in leverage, yield, and flexibility.

Here are a few examples:

Multiple Smart Collateral and Smart Debt range orders:

Borrowing against the Smart Collateral:Smart LP strategy: Convert $1 into $10:Stable ETH  Strategy: Max Leverage Loop (convert $1 into $39)Combination of Range Orders and Normal CollateralsWith DEX v2 primitives, LPs can invent entirely new yield and trading strategies — or automate them using hooks and composable contracts.

ConclusionFluid DEX v2 isn't just a product upgrade — it's a leap forward in AMM design.

With unmatched flexibility, a robust architecture for growth, and the introduction of financial logic that simply wasn’t possible before, DEX v2 positions Fluid as the frontrunner to become the most dominant AMM in DeFi.

Want to explore more? Join our Discord and follow us on Twitter — we’ll be sharing technical docs, live demos, and upcoming DEX types over the next few weeks.

Official linksWebsite https://fluid.io/

X https://x.com/0xfluid/

Discord https://discord.com/invite/C76CeZc

Governance  https://fluid.io/gov

Docs https://fluid.guides.instadapp.io/

Grand Cayman, Cayman Islands, June 23rd, 2026, Chainwire

Sui aims to transition more of Bitcoin’s $1.2T market cap into verifiable, productive onchain products.

Hashi, Sui’s native bitcoin finance primitive, gains more institutional support ahead of the scheduled launch of its global testnet this July.  

Sui, where money moves as freely as messages, announced today that Cumberland, Fluid, and SwissBorg have joined the Hashi ecosystem, Sui’s native bitcoin finance primitive, weeks ahead of its scheduled global testnet launch this July. The expanding coalition addresses a critical bottleneck in crypto: solving the persistent capital inefficiency by unlocking over a trillion dollars of immobile BTC into DeFi safely. 

Previous market cycles demonstrated the systemic dangers of relying on opaque, centralized credit intermediaries such as Celsius, Voyager, and Genesis to generate utility from dormant assets. Hashi replaces centralized balance-sheet trust with verifiable smart contract logic.

But with a strict separation for safety by design, Bitcoin remains securely on the native Bitcoin blockchain. Sui smart contracts handle the cryptographic and programmatic rights to enable its use as financial collateral.

“Hashi was built to unlock the productive use of Bitcoin at a scale the industry hasn't seen before,” Adeniyi Abiodun, Co-Founder and Chief Product Officer of Mysten Labs, the original contributor to Sui. “We believe Bitcoin will become one of the largest sources of collateral in finance as the world moves onchain, and Hashi provides the foundation to make that possible on Sui.”

Built for Institutional Bitcoin Finance

Hashi is a foundational primitive setting a new standard for how builders can create bespoke, Bitcoin-backed financial products with risk parameters and loan terms that are fully verifiable onchain. In just a few weeks’ time, institutions, custodians, wallet providers, and developers can begin freely testing the infrastructure that will support Bitcoin-backed lending, borrowing, and credit origination on Sui. 

Expanded Institutional Support

Three new powerhouses join the growing Hashi ecosystem, broadening support for institutional liquidity providers, market makers, and digital asset platforms:

Cumberland: One of the digital asset industry's largest institutional market makers, Cumberland joins the Hashi ecosystem to evaluate the protocol’s structural frameworks and prepare for eventual onchain liquidity provisioning. SwissBorg: A European wealth management app with over one million users, is exploring opportunities to connect its network of European high-net-worth Bitcoin holders and liquidity providers to Hashi, creating new pathways for Bitcoin-backed borrowing and lending. Fluid: A major DeFi lending protocol with a strong record of efficient, safe trades, is now building in preparation for mainnet institutional services. Fluid's participation would provide institutional-grade lending markets and deepen access to Bitcoin-backed credit on Sui. These new builders join an industry-leading group of infrastructure providers, custodians, and DeFi protocols already working together to build a native Bitcoin financial ecosystem on Sui.

“Bitcoin is the world’s most liquid digital asset, but without native utility, it remains an off-chain asset,” said Paul Kremsky, Global Head of Business Development at Cumberland. “Hashi is exciting because it introduces a transparent, institutional-grade framework for BTC-backed credit that will replace synthetic workarounds with a product we are excited to use ourselves.”

“Our community has consistently sought native ways to lend and borrow against their Bitcoin,” said Cyrus Fazel, Founder & CEO at SwissBorg. “We’re thrilled to see Hashi delivering innovative solutions that make this a reality.”

“The next phase of the industry's growth will come from bringing larger pools of capital onchain through infrastructure institutions can actually trust," said Samyak Jain, Co-Founder & CEO at Fluid. “Hashi gets this right: Bitcoin stays on its native chain while verifiable contracts make it productive as collateral. Fluid's lending infrastructure is built to turn that into deep, capital-efficient Bitcoin-backed credit markets on Sui.”

These additions expand the growing consensus of many partners announced earlier this year that Sui is where Bitcoin finance will take flight, thanks to Hashi:

Custody & Wallet Access 

BitGo: Institutional custody clients. Blockdaemon, Cobo, Fordefi (by Paxos): Institutional wallet and infrastructure providers. Cubist: Cross-chain collateral infrastructure and transfer engine. Ledger: Retail/institutional self-custody. SwissBorg: UHNW European retail/institutional asset management and wallet interface. Lending, Trading & Liquidity Providers

Bullish: Institutional digital asset platform supplying liquidity. Cumberland: Leading institutional crypto market maker and liquidity provider. Erebor: OCC-chartered bank providing liquidity. FalconX: Institutional prime brokerage supplying liquidity. DeFi & Lending Applications

AlphaLend, Bluefin, Current, Scallop, Suilend: Native DeFi protocols enabling retail lending and borrowing on day one. Fluid: Connecting lending, borrowing, liquidity and more financial products into a capital-efficient system.  Navi: One of Sui’s largest and longest running DeFi protocols slated for Hashi lending.  Vaults & Asset Management

Concrete by Blueprint Finance: Yield-infrastructure vault platform. Inveniam Capital: Real-World Asset (RWA) yield strategies. Wave Digital Assets LLC: SEC-registered investment adviser working with industry partners to facilitate the issuance of Bitcoin-collateralized bonds. Index Oracle, Insurance & Security Auditing

CF Benchmarks: Crypto index provider distributing pricing data via oracles. Soter Insure: Native, Bitcoin-denominated institutional insurance. Asymptotic, Certora, OtterSec: Smart contract security and formal verification auditors. The activation of the global testnet this July represents the ultimate rehearsal for fully changing Bitcoin Finance. This sandbox environment is designed for institutional engineers, Sui protocols and developers, and custody partners to test integration parameters, stress-test the code under simulated market volatility, and verify cryptographic integrity ahead of mainnet release.

Technical documentation and testnet access configurations will be hosted at https://www.sui.io/hashi. 

About Sui

Sui, where money moves as freely as messages, is a next-generation Layer 1 blockchain built for scalable finance and global payments. Founded by the core team behind Meta’s stablecoin initiative and powered by an object-centric model, Sui makes assets, permissions, and user data programmable and ownable. Sui’s primitives offer builders everything they need to create high-performance payments and financial applications, including instant agentic payments. Users can learn more at sui.io. 

Contact: [email protected]

ContactSui Foundation
[email protected]

Disclaimer: Press release sponsored by our commercial partners.

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

Huma Finance's PayFi asset ($PST), backed by real-world payments, now accesses DEX liquidity and borrowing on Fluid through a single integration. PST is among the first assets leveraging Fluid's Liquidity as a Service infrastructure — designed to bring scalable liquidity to real-world assets.

Huma Finance, the leading PayFi network providing on-chain liquidity for global payment financing, today announced that PST — its USDC-denominated yield primitive backed by real-world payment flows — is now live on Fluid.The launch leverages Fluid, one of the top decentralized exchanges and lending venues on Ethereum and the world's most capital-efficient Liquidity Layer for finance. This partnership combines Huma's PayFi yield primitive with Fluid's composable liquidity layer and Chainlink's institutional-grade cross-chain infrastructure and oracles, enabling PST to be deposited, borrowed against, and looped natively on Fluid from day one.

Since inception, Huma has facilitated over $14 Billion in payment volume with zero credit defaults, delivering institutional-grade USDC yield sourced from real-world payment financing activities including cross-border prefunding, trade finance, settlement liquidity, and credit card receivable financing. With this launch, Ethereum DeFi users can now borrow USDC and USDT against PST, or loop their PST positions natively on Fluid.

Through a single integration with Fluid, PST accesses DEX liquidity, borrowing markets, and looping mechanics in one infrastructure layer. PST is among the first assets leveraging Fluid's Liquidity as a Service platform — Fluid's institutional infrastructure designed to bring scalable, composable liquidity to real-world assets. The single-integration model gives RWA issuers a unified deployment path: one connection, three composability surfaces.

The integration is supported by Chainlink, whose oracles provide institutional-grade pricing for PST, while CCIP — secured by Decentralized Oracle Networks with a minimum of 16 independent node operators per bridge lane — connects PST across chains. Together, this gives lending markets, vault curators, and structured product venues the infrastructure to integrate PST with institutional-grade reliability.

About Huma: Huma Finance is the first PayFi network, providing on-chain liquidity for global payment financing. The network has processed more than $13 Billion in payment volume with zero credit defaults to date. PST, Huma's PayFi Strategy Token, is the network's USDC-denominated yield primitive, backed by real-world payment financing flows including cross-border prefunding, trade finance, settlement liquidity, and credit card receivable financing. Learn more at huma.finance.

About Fluid: Fluid is the world's most capital-efficient Liquidity Layer for finance that can support an entire ecosystem of financial products on top of it. Connects lending, DEX, borrowing, stablecoin markets and more financial products into one efficient system. Learn more at fluid.io.

About Chainlink: Chainlink is the industry-standard oracle platform bringing the capital markets onchain and the market leader powering the majority of decentralized finance (DeFi). The Chainlink stack provides the essential data, interoperability, compliance, and privacy standards needed to power advanced blockchain use cases for institutional tokenized assets, lending, payments, stablecoins, and more. Since inventing decentralized oracle networks, Chainlink has enabled tens of trillions in transaction value and now secures the vast majority of DeFi. Learn more at chain.link.

For more information about the partnership and related investment opportunities, visit:
Huma Finance: https://huma.finance/
Fluid: https://fluid.io/ 
Chainlink: https://chain.link/
PST contract on ETH mainnet: 0x22aE3D9a738471f405169Af055d31c687087d4c7
Explore PST Market on Fluid: https://fluid.io/dashboard/1?token0Address=0x22ae3d9a738471f405169af055d31c687087d4c7 

[PRESS RELEASE – Grand Cayman, Cayman Islands, June 23rd, 2026]

Sui aims to transition more of Bitcoin’s $1.2T market cap into verifiable, productive onchain products.

Hashi, Sui’s native bitcoin finance primitive, gains more institutional support ahead of the scheduled launch of its global testnet this July.  

Sui, where money moves as freely as messages, announced today that Cumberland, Fluid, and SwissBorg have joined the Hashi ecosystem, Sui’s native bitcoin finance primitive, weeks ahead of its scheduled global testnet launch this July. The expanding coalition addresses a critical bottleneck in crypto: solving the persistent capital inefficiency by unlocking over a trillion dollars of immobile BTC into DeFi safely.

Previous market cycles demonstrated the systemic dangers of relying on opaque, centralized credit intermediaries such as Celsius, Voyager, and Genesis to generate utility from dormant assets. Hashi replaces centralized balance-sheet trust with verifiable smart contract logic.

But with a strict separation for safety by design, Bitcoin remains securely on the native Bitcoin blockchain. Sui smart contracts handle the cryptographic and programmatic rights to enable its use as financial collateral.

“Hashi was built to unlock the productive use of Bitcoin at a scale the industry hasn’t seen before,” Adeniyi Abiodun, Co-Founder and Chief Product Officer of Mysten Labs, the original contributor to Sui. “We believe Bitcoin will become one of the largest sources of collateral in finance as the world moves onchain, and Hashi provides the foundation to make that possible on Sui.”

Built for Institutional Bitcoin Finance

Hashi is a foundational primitive setting a new standard for how builders can create bespoke, Bitcoin-backed financial products with risk parameters and loan terms that are fully verifiable onchain. In just a few weeks’ time, institutions, custodians, wallet providers, and developers can begin freely testing the infrastructure that will support Bitcoin-backed lending, borrowing, and credit origination on Sui.

Expanded Institutional Support

Three new powerhouses join the growing Hashi ecosystem, broadening support for institutional liquidity providers, market makers, and digital asset platforms:

Cumberland: One of the digital asset industry’s largest institutional market makers, Cumberland joins the Hashi ecosystem to evaluate the protocol’s structural frameworks and prepare for eventual onchain liquidity provisioning. SwissBorg: A European wealth management app with over one million users, is exploring opportunities to connect its network of European high-net-worth Bitcoin holders and liquidity providers to Hashi, creating new pathways for Bitcoin-backed borrowing and lending. Fluid: A major DeFi lending protocol with a strong record of efficient, safe trades, is now building in preparation for mainnet institutional services. Fluid’s participation would provide institutional-grade lending markets and deepen access to Bitcoin-backed credit on Sui. These new builders join an industry-leading group of infrastructure providers, custodians, and DeFi protocols already working together to build a native Bitcoin financial ecosystem on Sui.

“Bitcoin is the world’s most liquid digital asset, but without native utility, it remains an off-chain asset,” said Paul Kremsky, Global Head of Business Development at Cumberland. “Hashi is exciting because it introduces a transparent, institutional-grade framework for BTC-backed credit that will replace synthetic workarounds with a product we are excited to use ourselves.”

“Our community has consistently sought native ways to lend and borrow against their Bitcoin,” said Cyrus Fazel, Founder & CEO at SwissBorg. “We’re thrilled to see Hashi delivering innovative solutions that make this a reality.”

“The next phase of the industry’s growth will come from bringing larger pools of capital onchain through infrastructure institutions can actually trust,” said Samyak Jain, Co-Founder & CEO at Fluid. “Hashi gets this right: Bitcoin stays on its native chain while verifiable contracts make it productive as collateral. Fluid’s lending infrastructure is built to turn that into deep, capital-efficient Bitcoin-backed credit markets on Sui.”

These additions expand the growing consensus of many partners announced earlier this year that Sui is where Bitcoin finance will take flight, thanks to Hashi:

Custody & Wallet Access 

BitGo: Institutional custody clients. Blockdaemon, Cobo, Fordefi (by Paxos): Institutional wallet and infrastructure providers. Cubist: Cross-chain collateral infrastructure and transfer engine. Ledger: Retail/institutional self-custody. SwissBorg: UHNW European retail/institutional asset management and wallet interface. Lending, Trading & Liquidity Providers

Bullish: Institutional digital asset platform supplying liquidity. Cumberland: Leading institutional crypto market maker and liquidity provider. Erebor: OCC-chartered bank providing liquidity. FalconX: Institutional prime brokerage supplying liquidity. DeFi & Lending Applications

AlphaLend, Bluefin, Current, Scallop, Suilend: Native DeFi protocols enabling retail lending and borrowing on day one. Fluid: Connecting lending, borrowing, liquidity and more financial products into a capital-efficient system. Navi: One of Sui’s largest and longest running DeFi protocols slated for Hashi lending. Vaults & Asset Management

Concrete by Blueprint Finance: Yield-infrastructure vault platform. Inveniam Capital: Real-World Asset (RWA) yield strategies. Wave Digital Assets LLC: SEC-registered investment adviser working with industry partners to facilitate the issuance of Bitcoin-collateralized bonds. Index Oracle, Insurance & Security Auditing

CF Benchmarks: Crypto index provider distributing pricing data via oracles. Soter Insure: Native, Bitcoin-denominated institutional insurance. Asymptotic, Certora, OtterSec: Smart contract security and formal verification auditors. The activation of the global testnet this July represents the ultimate rehearsal for fully changing Bitcoin Finance. This sandbox environment is designed for institutional engineers, Sui protocols and developers, and custody partners to test integration parameters, stress-test the code under simulated market volatility, and verify cryptographic integrity ahead of mainnet release.

Technical documentation and testnet access configurations will be hosted at https://www.sui.io/hashi.

About Sui

Sui, where money moves as freely as messages, is a next-generation Layer 1 blockchain built for scalable finance and global payments. Founded by the core team behind Meta’s stablecoin initiative and powered by an object-centric model, Sui makes assets, permissions, and user data programmable and ownable. Sui’s primitives offer builders everything they need to create high-performance payments and financial applications, including instant agentic payments. Users can learn more at sui.io.

Contact: [email protected]

Table of contents

Stake DAO has recently disclosed a huge landmark for the $CRV Liquid Locker thereof which has witnessed a remarkable spike in activity. As per Stake DAO, the Liquid Locker currently holds up to 113M $CRV coins locked in the form of $sdCRV, denoting a substantial 75% growth during the recent couple of months. The company took to its official social media account on X to provide the details about this achievement.

$CRV Liquid Locker of Stake DAO Experiences a 75% Growth In its recent X post, Stake DAO noted that this swift surge regarding locked coins is very beneficial for Stake DAO’s platform. This reportedly signifies the expansion in the trust and popularity of the company. In addition to this, it also points toward an increase in $CRV’s strategic value within the wider DeFi ecosystem. The $CRV Liquid Locker’s growth is crucial specifically in line with the DeFi platforms’ competitive nature.

Hence, a 75% jump of $sdCRV in only a couple of months signals a resilient consumer engagement. Moreover, it also highlights the increasing confidence among the community about the offerings of Stake DAO. As a result of this spike, the total value locked has reached 113M $CRV. This is a significant figure, indicating the ability of the platform to get and retain consumers.

The Locked 113M $CRV Account for the cumulative $veCRV supply’s 14% The growth of the $CRV Liquid Locker additionally poses wider implications for the ecosystem of Curve Finance. According to Stake DAO, the locked 113M $CRV in the form of $sdCRV presently denotes fourteen percent of the cumulative $veCRV supply. This highlights that several Curve Finance consumers are locking $CRV via the Liquid Locker of Stake DAO.

AUTHOR

Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.

Analysis: Bitcoin miners face profit pressure, with around 20% of mining firms now operating below the break-even point.

Bitcoin miners' revenue continues to decline, with the current 7-day average daily income dropping to around $30 million, a notable pullback from the over $50 million level seen last summer. Meanwhile, on-chain transaction fee revenue has fallen to less than $250,000, accounting for an extremely small share of miners' total income. Data from JPMorgan Chase shows the average production cost is approximately $78,000, and Bitcoin’s price has remained below this level for five consecutive months — the longest such stretch in the current cycle. An estimated 20% of miners are already operating at a loss; some high-cost miners have begun frequently powering their mining rigs on and off in response to price fluctuations, leading to a stronger correlation between network hash rate difficulty and Bitcoin’s price. Additionally, Bitcoin’s mining difficulty was adjusted down by roughly 10% in the second week of June, marking the second pullback of the same magnitude this year. Publicly listed mining companies, meanwhile, are relying more on their balance sheets to sustain operations, selling over 32,000 BTC in the first quarter alone to cover operating costs. Analysts note that against the backdrop of continuously shrinking block subsidies and stagnant fee revenue, a recovery in miners’ profits will primarily depend on a rise in Bitcoin’s price.

1 seconds ago

Japan and South Korea's stock markets opened higher, with South Korea's KOSPI index rising 2.9% and SK Hynix surging 11%.

According to Bitget market data, the Nikkei 225 index opened 1.4% higher at 70114.09. South Korea’s KOSPI index rose 2.9%. South Korean stocks SK Hynix gained 11%, while Samsung Electronics rose 5%.

1 seconds ago

Trader Maji was liquidated on his 25x leveraged long Ethereum position, incurring $1.9 million in losses, and subsequently opened a new position.

According to monitoring by OnchainLens, Stanley Huang, known as "Machi Big Brother" (@machibigbrother), has had his 25x leveraged long Ethereum (ETH) position fully liquidated, incurring a loss of approximately $1.9 million. Notably, he opened a new 25x leveraged long ETH position immediately after the liquidation. Machi Big Brother’s cumulative historical losses exceed $35.4 million.

1 seconds ago

Micron posted strong quarterly results, with its quarterly revenue and next-quarter outlook significantly exceeding market expectations. Its stock surged nearly 16% in after-hours trading, driving a broad rally across the storage sector.

According to its official financial report, Micron Technology (MU.O) reported Q3 fiscal 2026 revenue of $41.456 billion, beating market expectations of $35.423 billion and surging from $9.301 billion in the year-ago period. The company issued Q4 fiscal revenue guidance of $50 billion, against market expectations of $42.915 billion. Micron CEO Sanjay Mehrotra stated: "Micron’s record-breaking Q3 fiscal financial results and stronger Q4 outlook reflect the strategic value of memory chips in the AI era. We believe our multi-year strategic customer agreements will significantly enhance the durability and predictability of Micron’s strong financial performance." Micron’s Q3 report showed net profit of $28.24 billion, or $24.67 per share, up from $1.89 billion, or $1.68 per share, in the same period last year. Excluding certain one-time items, Micron reported adjusted earnings per share (EPS) of $25.11, exceeding analysts’ consensus estimate of $20.86. Driven by the quarterly revenue and outlook that topped expectations, as of press time, Micron jumped 15.95% in post-market trading on the U.S. stock market, also lifting other memory stocks sharply: Seagate (STX) rose 10.21%, Western Digital (WDC) gained 12.31%, and SanDisk (SNDK) surged 15.77%.

1 seconds ago

Kalshi is reportedly seeking a new round of financing, with its valuation potentially rising to $40 billion.

According to a report from the U.K.’s Financial Times, prediction market platform Kalshi is in discussions with investors for a new funding round targeting a roughly $40 billion valuation, with a potential close as early as the third quarter of this year. The development follows Kalshi’s $1 billion financing round completed last month, which valued the firm at $22 billion, with backers including leading institutions such as Coatue, Sequoia Capital, Andreessen Horowitz, and Morgan Stanley. Data shows Kalshi’s trading volume last month surpassed $17 billion, a sharp jump from less than $5 billion a year prior, with approximately 65% of that volume stemming from sports-related prediction contracts.

1 seconds ago

Polymarket integrates with Telegram via TON, enabling users to participate in prediction markets directly within the messaging app.

Polymarket has been integrated into Telegram via Predict, a native decentralized application (dApp) of the TON ecosystem. Developed by the Getgems team, the app allows users to directly participate in prediction markets covering sports, politics, cryptocurrency, culture and other sectors within Telegram. Transaction results are settled on-chain, and users retain full control over their assets. Users can participate in trades using USDT on the TON network, and pay a small amount of GRAM for gas fees. The cross-chain infrastructure is powered by STON.fi’s Omniston protocol, enabling the prediction market service to seamlessly integrate into the Telegram ecosystem.

1 seconds ago

Stake DAO, a non-custodial liquid staking platform, became the target of a major exploit on Arbitrum after hackers allegedly compromised the protocol’s deployer private key, enabling the minting of more than 5.4 trillion vsdCRV tokens through a manipulated cross-chain messaging infrastructure, according to security firm Blockaid.

🚨 Blockaid detected an ongoing exploit targeting@StakeDAOHQ on Arbitrum.

The attacker just minted over 5.4 trillion vsdCRV and is actively swapping it for ETH.

More details in 🧵

— Blockaid (@blockaid_) May 27, 2026

Investigators said the attacker took control of the Stake DAO deployer address and altered the LayerZero v2 OFT peer configuration linked to the vsdCRV token contract.

Advertisement

By redirecting trust from the legitimate Ethereum-side adapter to an attacker-controlled malicious contract, the hacker was able to send a forged cross-chain message that generated roughly 5.4 trillion new vsdCRV tokens, Blockaid explained.

Despite the exploit generating a nominal value estimated at $763 billion, the attacker struggled to convert the tokens into actual cash because of severely limited liquidity in vsdCRV markets.

On-chain analyst EmberCN reported that only 16.83 million tokens were exchanged for about 43.7 ETH, or roughly $91,000, before DEX liquidity dried up.

Stake DAO said that they were aware of the situation and warned users not to interact with vsdCRV.

We are aware of the ongoing situation.
Please do not interact with vsdCRV. https://t.co/3wZhMo52r6

— Stake DAO (@StakeDAOHQ) May 27, 2026

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Stake DAO Exploit Shows Why “Audited” Doesn’t Mean Safe In DeFi

Stake DAO exploit update: Key products unaffected, bridge closed

This Crypto Startup Taps the BitTorrent Model to Revolutionize Gaming

Tribe Accelerator, Supported by Singaporean Govt, Allocates $16 Million for Blockchain Startups

Bluzelle (BLZ) announced the launch of Curium on February 22, a new miner pool app offering a user-friendly node technology compatible with all major computing platforms, including computers and mobile devices.

Signaling the platform’s commitment to accessibility and democratization of crypto, the new intuitive storage node technology is set to enable individuals worldwide to contribute storage space and bolster the security of Bluzelle’s layer 1 chain, all while earning BLZ tokens as compensation, as per info shared with Finbold.

What does Curium bring to the table? Compatible with Windows, Mac, Linux, Android, and iOS, the Curium app promises to streamline participation in the decentralized infrastructure network. 

Once installed and linked to a Bluzelle wallet address, the app turns user devices into just-in-time (JIT) storage node service providers, allowing the user to earn BLZ tokens based on their machine’s uptime.

Neeraj Murarka, co-founder and CTO of Bluzelle, expressed enthusiasm for the imminent release, stating:

“The Curium storage node application is one of the core technologies we envisioned to produce when we launched Bluzelle’s white paper over six years ago. Now anyone can become a part of our decentralized infrastructure network, capitalizing on the idle time their machine is online. They can feel proud that they are helping run games, store NFTS and more while also being compensated for it.”

— Neeraj Murarka, co-founder and CTO of Bluzelle While running nodes for blockchain projects is not novel, the process has traditionally demanded technical expertise and significant capital investment. 

Moreover, node creation being limited to specific computer types and operating systems has posed a formidable entry barrier. With Curium, Bluzelle aims to remove such barriers.

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