Tag: Breaking

Banking trade groups are opposing a bipartisan compromise in the Clarity Act designed to settle the dispute over stablecoin yield. The proposed language by Senators Thom Tillis and Angela Alsobrooks bans passive yield but allows rewards for “bona fide” activities like staking and liquidity provision. Financial institutions argue the exceptions create loopholes that could lead to a $850 billion drop in community bank lending. A...

The Roundhill Memory ETF (DRAM) has surpassed $5 billion in assets under management just five weeks after its April 2 launch. A record-breaking $1.1 billion single-day inflow signals a shift in investor focus from logic chips to the AI memory bottleneck. Key holdings including Micron, SK Hynix, and Samsung represent over 70% of the portfolio as high-bandwidth memory demand spikes. The Roundhill Memory ETF (DRAM) has emerged as the most...

Kalshi has secured $1 billion in a Series F funding round, bringing its post-money valuation to $22 billion. The round was led by Coatue Management with participation from Sequoia Capital, Andreessen Horowitz, Morgan Stanley, and ARK Invest. Institutional trading volume on the platform has surged 800% over the last six months, driving annualized volume to $178 billion. Kalshi, the federally regulated prediction market, announced Thursday that...

Aave Labs has completed the liquidation of the Kelp DAO attacker’s remaining rsETH positions on both Ethereum and Arbitrum.The recovery effort, led by the DeFi United initiative, has now secured approximately 90% of the assets needed to restore full backing for the restaked token.Over 90% of Arbitrum DAO voters support the release of 30,765 ETH currently held in a legal dispute involving a U.S. law firm.Aave Labs announced on Wednesday that it...

Kelp DAO is officially migrating its rsETH liquidity restaking token to Chainlink CCIP, marking the first major exit from LayerZero after the April 18 security breach. The move follows a $292 million exploit where attackers, linked to the Lazarus Group, drained 116,500 rsETH by compromising RPC nodes used in a single-validator setup. A public dispute has erupted between the protocols, with Kelp DAO citing data that 47% of LayerZero...