News linked to this event type.
According to The Block, the Cardano Foundation confirmed that the Cardano Summit 2026 will not be held this year, as the on-chain treasury funding proposal failed to reach the required supermajority threshold of 66.67%. The revised proposal sought a grant of 7.8 million ADA—approximately $2 million—but ultimately secured only 65.21% support from DReps’ staked voting power and was therefore rejected. The summit had been scheduled to take place in Singapore on October 5–6. Separately, EMURGO’s sponsorship proposal for TOKEN2049 has been approved.
Strategy founder Michael Saylor has again released information regarding the Bitcoin Tracker. According to prior patterns, Strategy always discloses its Bitcoin purchases the day after releasing related announcements.
Republican fintech entrepreneur Michael Carbonara has sold 10 Bitcoins for $800,000 to fund his Congressional campaign, demonstrating a pro-cryptocurrency stance in this key battleground where the electoral landscape is shifting. Beyond the election, Carbonara believes blockchain can help governments increase transparency in the use of taxpayer funds. (Decrypt)
“New Stock God” Serenity posted on X, seemingly responding to the potential investigation into Sivers, stating that Sivers (SIVE) should fully transform into a U.S. company, with Nasdaq listing as the first step—given that the company already possesses a U.S. capital structure, a significant equity stake, and support under the CHIPS Act. Such a transformation would deliver higher valuation premiums and M&A opportunities. Meanwhile, negative reporting by Swedish local media—allegedly influenced by short sellers—is hindering the development of AI photonics, whereas the U.S. market offers greater financing opportunities and support from institutions, funds, and indices.
the Qingdao Licang District Procuratorate issued an announcement stating that the defendant, surnamed Zhang, took advantage of an opportunity to register a virtual currency wallet on behalf of the victim to obtain the seed phrase, and subsequently transferred 107 Bitcoins from the victim, surnamed Feng, in multiple batches during the early morning hours. Zhang then layered the transfers through various virtual currency trading platforms, converting the Bitcoin into over 660,000 RMB. The Qingdao Licang District People's Court sentenced Zhang to 10 years and 9 months in prison and imposed a fine of 100,000 RMB for the crime of theft in the first instance.After the defendant appealed, the Qingdao Intermediate People's Court ruled to dismiss the appeal and uphold the original verdict. The case determined the theft amount based on the actual illegal proceeds from the sale, totaling over 660,000 RMB. (Shandong Legal Daily)
According to Viet Nam News, Vietnam’s Ministry of Finance has proposed in the draft amendment to the Law on Support for Small and Medium Enterprises (SMEs) that SMEs be permitted to use digital assets, virtual assets, intellectual property, intangible assets, and future-formed assets as collateral for bank loans—aiming to improve access to financing for private enterprises and tech startups. The draft also encourages credit institutions to base lending decisions more heavily on credit ratings, business plans, market expansion potential, and corporate cash flow, thereby reducing reliance on traditional forms of collateral such as real estate. The Ministry of Finance stated that this policy seeks to unlock resources within the private economy and align with Resolution No. 68-NQ/TW.
Aave has published a post-mortem of the April 18 rsETH incident, stating that the rsETH LayerZero V2 cross-chain bridge of liquid staking protocol Kelp accepted a forged message during a cross-chain transfer from Unichain to Ethereum. This caused the adapter on the Ethereum side to release 116,500 rsETH without a corresponding burn on the Unichain side. Aave stated that the attack occurred on a third-party cross-chain bridge infrastructure. However, the attacker deposited the stolen rsETH into 8 Aave V3 positions, borrowing 82,650 WETH and 821 wstETH, which impacted the Aave market.Aave stated that the attacker's rsETH on Arbitrum has now been burned. The LayerZero OFT adapter has replenished 116,131.72 rsETH in 5 batches, and the asset backing for rsETH has been fully restored. The affected WETH and rsETH markets have returned to normal.
DxSale.Network posted on X platform in response to a recent security incident, disclosing that the vulnerability originated from the newly launched atomic transaction feature on BNB Smart Chain (BSC), which affected the v1 lockup contract launched in 2021. The team has identified the source of the issue and stated that lockup contracts for v2 and above are completely secure and have been audited by Certik. Users can rest assured that assets locked in v2 and above are unaffected.
After Binance announced it would launch a new product on June 1, CZ shared the news and humorously commented, “Better be real.” Spurred by this announcement, the market began speculating about the new business direction, with some suggesting it might relate to U.S. stock investment channels.
a16z Crypto published an article analyzing the unique value and challenges faced by prediction markets. Prediction markets allow participants to trade on event outcomes, aggregating dispersed information through price signals to provide real-time probability estimates for future events. Unlike traditional polls, prediction markets offer real-time update capabilities and incentivize participants to stake capital on their information, thereby improving prediction accuracy.The article points out that prediction markets are not only used by enterprises for product launches and research experiment forecasts, but also serve as "wisdom of the crowd" information sources for media outlets, covering events ranging from geopolitics to AI model performance. Their core advantage lies in providing independent probability estimates for specific events, rather than relying on indirect signals from overall asset price movements.However, prediction markets still face infrastructure and market design challenges, including event verification, contract settlement, the sufficiency of participant information, and potential manipulation risks. a16z believes that if these issues are resolved, prediction markets could become important tools for decision-making and information aggregation, expanding the ability of finance and society to gain insights into future events.
: Jonas Myrdal, a prosecutor at the Swedish Economic Crime Authority, stated that regarding a post on social platform X about Sivers Semiconductors (SIVE) considering a dual listing in the US leaking out early and being officially confirmed by the company approximately 48 hours later, he believes this is not a coincidence but highly likely involves an information leak.Jonas Myrdal pointed out that the relevant information was published and continuously promoted on platform X by an anonymous account with approximately 200,000 followers before its official disclosure. This subsequently triggered a sharp, several-fold increase in the company's stock price within a short period. This behavior pattern is similar to a previous case involving "pump-and-dump" manipulation, in which three individuals were convicted of serious market manipulation offenses. He further recommended that Nasdaq should investigate this incident and assess whether it violates the EU Market Abuse Regulation (MAR). Currently, the source of the suspected information leak is still under investigation.Previously, "New Stock God" Serenity posted on platform X seemingly "touting" Sivers, and stated that after further reviewing Sivers Semiconductors' latest earnings conference call, they are optimistic about its prospects. The company's management indicated that "in a super-cycle where demand far exceeds supply, viewing ecosystem partners as competitors is not the correct approach," reflecting the current strong demand in the photonics industry. Additionally, the photonics business pipeline has grown rapidly over the past five months, driving an overall revenue pipeline increase of 77%. (Marketscreener)
L2BEAT research lead donnoh.eth posted on X, stating that the Base network's state update system has been down for over 30 hours due to a bug related to a recent upgrade. However, since the on-chain withdrawal cycle is set to approximately 7 days, this issue has not been immediately noticeable to users.This malfunction involves an anomaly in the state update layer but did not immediately impact users' withdrawal experience, which is why the problem went largely unnoticed for a period of time. The issue has now sparked discussion within the community, focusing on its impact on on-chain data synchronization and operational monitoring mechanisms.
Base state updates have been interrupted for over 30 hours due to issues related to the Trusted Execution Environment (TEE) enclave. The official team stated that the outage caused the termination of some proposals, and mainnet withdrawals are currently affected. Repair efforts are ongoing.
Blockaid disclosed on X that the Alephium TokenBridge Ethereum cross-chain bridge was attacked. The attacker compromised three out of four Guardian private keys, forged a Verified Action Approval (VAA) message, and executed the attack within approximately seven minutes, stealing roughly $815,000 worth of assets. During the attack, the attacker minted 13.76 million Wrapped ALPH tokens out of thin air—exceeding the pre-attack circulating supply by over 100%—and simultaneously unlocked and withdrew assets including USDT, USDC, WBTC, and WETH from the custody pool. As of now, the attacker’s address still holds approximately $815,000 in stolen assets and 13.76 million uncollateralized Wrapped ALPH tokens; the largest anomalous transaction involved the out-of-thin-air minting of 13.76 million Wrapped ALPH tokens.
Odaily Odaily founder Rand posted on platform X, stating that with the assistance of on-chain detective ZachXBT, the team has identified the root cause of the recent cUSDC freeze incident, which is unrelated to the Zama protocol itself or privacy technology. The incident originated when a wallet address associated with the Overnight Finance hack deposited over $12.5 million USDC into Zama's cUSDC wrapper contract. Since the address was not on any sanctions list at the time of deposit and was not flagged by KYT (Know Your Transaction) tools, the funds were able to enter the protocol.Rand stated that law enforcement agencies recently issued asset restriction orders against several wallets linked to the hacker. At that time, the cUSDC wrapper contract held relatively small funds, with over 99% coming from the aforementioned hacker address. Consequently, the court ordered the freezing of the entire wrapper contract to restrict the movement of the related funds. Rand emphasized that this measure is not a sanction against Zama or privacy protocols, but a common judicial freezing measure in the DeFi space.To cooperate with the investigation, Zama has suspended the operation of the cUSDC, cUSDT, and cWETH contracts until the investigation is complete, all involved addresses are identified, and corresponding measures are taken. Rand reiterated that Zama adheres to the principle of "compliant confidentiality" and will not tolerate any illegal activities. He also indicated that a more detailed post-mortem of the incident and a plan for handling similar requests in the future will be released subsequently.
the market for Bitcoin treasury companies is becoming increasingly polarized. On one side are firms with genuine financial strategies, and on the other are companies that rely more heavily on publicity and hype.Sean Bill, co-founder of BSTR (alongside Adam Back), stated: “Many of these companies lack an appropriate capital structure and the actual capability to deploy Bitcoin. They primarily depend on Bitcoin's own performance to attract investment.” Sean Bill described such firms as “carnival barkers,” noting that this strategy might work if companies can easily obtain leverage at a low cost. Otherwise, companies must add value through other means, or investors will choose simpler products like ETFs instead.According to data from BitcoinTreasuries, there are currently 198 publicly listed companies holding approximately 1.25 million BTC. Michael Saylor's Strategy holds the largest amount, with 843,738 BTC. Meanwhile, the Bitcoin treasury company Nakamoto (NAKA) has seen its stock price decline approximately 67% year-to-date, with a cumulative drop of over 99% from its peak of $34 per share in May 2025. After hitting a low of $0.16 in April, the company implemented a reverse stock split last week. Nasdaq warned the company in December 2025 that it faced potential delisting risk due to its stock price trading below $1 for 30 consecutive days (per SEC filings). (Cointelegraph)
prediction market Polymarket has released its platform update for this week, which includes: launching the World Cup page with feature testing; introducing perpetual contract functionality (featuring 5 traditional financial trading pairs and BTC perpetual contracts); optimizing CLOB performance with plans to release a version next week to address queue congestion issues; open-sourcing the SDK; launching a unified API; and implementing Gamma fixes and improvements (including stricter key set pagination and high-traffic read path indexing, as well as production correctness fixes for users, profiles, comments, and sports summaries).
: Axe Compute (NASDAQ: AGPU) has announced that the underlying infrastructure provider for its $260 million enterprise-level contract is Aethir, a globally distributed GPU infrastructure network. It is reported that Axe Compute has confirmed receipt of the first payment of $43 million under this contract. Aethir has officially initiated the compute delivery process for the corresponding cluster of 2,304 NVIDIA B300 GPUs, with a target go-live date set for the third quarter of 2026.The contract adopts a 36-month take-or-pay structure, and is expected to generate approximately $21 million in revenue per quarter after going live.
Robinhood has announced it will serve as the core technology and service provider for the "Trump Account" investment plan, with the application officially launching this Thursday.Analysts suggest that while the "Trump Account" may offer limited short-term returns, the plan essentially functions as a long-term user acquisition mechanism driven by U.S. government funds. In the future, it could drive expansion into areas such as brokerages, crypto, credit cards, and AI-powered financial services. This holds significant strategic importance for Robinhood. By co-building infrastructure with institutions like BNY, it has the potential to become the "first investment entry point" for millions of underage users, thereby reducing customer acquisition costs and strengthening long-term user stickiness. (FinanceFeeds)
the U.S. Department of State announced the designation of two Brazilian organizations, Comando Vermelho (CV) and Primeiro Comando da Capital (PCC), as "Specially Designated Global Terrorists (SDGTs)." They plan to officially designate them as "Foreign Terrorist Organizations (FTOs)" starting June 5, 2026. These organizations have been accused of using digital currencies for money laundering, with PCC reportedly using Bitcoin mining as a cover for laundering funds.Previously, Brazil passed a new law in March of this year allowing confiscated crypto assets to be used for public safety expenditures. This move marks Brazil's shift in viewing crypto assets from a potential reserve tool to law enforcement resources, strengthening efforts to combat crimes by PCC, CV, and other organizations, while advancing the judicial system's capabilities in regulating and disposing of digital assets.