Author: John Smith
Aave Labs, Kelp DAO, LayerZero, EtherFi, and Compound have asked the Arbitrum DAO to release 30,765.67 ETH tied to the Kelp DAO exploit recovery plan. Summary Aave and Kelp want Arbitrum DAO to release 30,765 ETH for rsETH recovery efforts. The funds would move to a Gnosis Safe managed by Aave, Kelp and Certora. Some Arbitrum delegates warned that the 49-day governance process may delay urgent recovery plans. The assets were frozen by the Arbitrum Security Council after being linked to the exploiter. The frozen ETH is worth about $71 million, based on Ethereum trading near $2,317 at the time…
JPMorgan says tokenization could change how the funds industry operates, including the exchange-traded fund market. Summary JPMorgan said tokenization could reshape ETFs and the wider funds industry over the coming years. Ciarán Fitzpatrick said strong ETF tokenization use cases may still be a few years away. Tokenized ETFs could support faster settlement, improved redemption, and wider access beyond normal market hours. Ciarán Fitzpatrick, JPMorgan’s global head of ETF product, said tokenization may affect ETFs and wider fund products over time. “We believe tokenization will certainly drive how the market changes, not just for ETFs but across the funds industry as…
Summary Google plans to invest up to $40 billion in Anthropic, starting with a $10 billion cash injection at a $350 billion valuation and a further $30 billion contingent on performance. The deal is aimed at locking Anthropic deeper into Google Cloud and TPU infrastructure, as the two companies race rivals like OpenAI and xAI for dominance in AI and agentic compute. The size and structure of the investment underline how AI is absorbing the lion’s share of capital that might otherwise flow into crypto, but also how the next wave of crypto adoption will depend on AI infrastructure like…
Chinese AI startup DeepSeek released a preview of its V4 model on April 24, explicitly optimized for Huawei’s Ascend chip platform, on the same day the White House accused China of running industrial-scale campaigns to copy and steal American frontier AI systems. Summary DeepSeek released V4-Pro and V4-Flash preview models on April 24, both built to run on Huawei’s Ascend AI accelerators, marking a strategic pivot away from Nvidia hardware. V4-Pro carries 1.6 trillion total parameters and trails only Google’s closed-source Gemini-Pro-3.1 on world knowledge benchmarks among open-source models. The launch arrived hours after a White House OSTP memo accused…
President Trump delivered a keynote address on April 25 at a Mar-a-Lago gala restricted to the top 297 holders of his Official TRUMP memecoin, with a private VIP reception and champagne toast reserved for the top 29, as Senators Elizabeth Warren, Adam Schiff, and Richard Blumenthal formally called the event an improper sale of presidential access. Summary President Trump confirmed his attendance and delivered a keynote at a Mar-a-Lago gala on April 25 open only to the top 297 TRUMP memecoin holders, with the top 29 receiving a private VIP reception. Eligibility was determined by a time-weighted points system measuring…
Treasury Secretary Scott Bessent announced on April 24 that the US government has sanctioned multiple crypto wallets linked to Iran’s Islamic Revolutionary Guard Corps under a campaign called Operation Economic Fury, with Tether executing the freeze of $344 million in USDT across two addresses on the Tron blockchain at the direction of American authorities. Summary Treasury Secretary Scott Bessent announced sanctions on multiple crypto wallets tied to Iran’s IRGC on April 24, resulting in Tether freezing $344 million in USDT across two Tron addresses. One wallet held approximately $213 million in USDT and the other held $131 million, both blacklisted…
Morgan Stanley Investment Management launched the Stablecoin Reserves Portfolio on April 23, a government money market fund exclusively designed to hold the cash reserves backing stablecoin issuers’ outstanding tokens, positioning the Wall Street giant to capture reserve management business ahead of the GENIUS Act’s expected passage. Summary Morgan Stanley Investment Management launched the Stablecoin Reserves Portfolio under ticker MSNXX on April 23, designed specifically to hold stablecoin issuers’ required reserves in GENIUS Act-compliant instruments. The fund invests exclusively in US Treasury bills with maturities of 93 days or less and overnight repo agreements collateralized by Treasuries, targeting a constant $1…
BNB Chain has officially become the leading blockchain network for autonomous AI agents, with more than 150,000 on-chain deployments as of April 20, a 43,750% increase from the fewer than 400 agents that existed across all blockchains at the start of 2026, with one in every three AI agents currently operating on any blockchain now running on BNB Chain. Summary BNB Chain surpassed 150,000 on-chain AI agent deployments as of April 20, 2026, up from fewer than 400 at the start of the year, representing a 43,750% increase in under four months. Third-party data from 8004scan confirms that one in…
Ripple released a detailed four-phase roadmap on April 20 to protect the XRP Ledger from future quantum computing attacks, with Phase 2 testing already underway, targeting full post-quantum cryptography implementation no later than 2028, as SoFi separately enabled XRP deposits for retail users the same week. Summary Ripple published a four-phase post-quantum cryptography roadmap on April 20, with Phase 2 NIST-standard algorithm testing already active in partnership with Project Eleven. The plan includes a Phase 1 Quantum-Day contingency that would immediately block classical signatures and force migration to quantum-safe accounts if current cryptography is compromised ahead of schedule. XRPL’s native…
DoorDash has begun building stablecoin payment infrastructure on Tempo, the Layer-1 blockchain incubated by Stripe and Paradigm, to pay delivery workers and merchants across more than 40 countries at near-instant settlement speeds and fixed US dollar fees, in one of the largest real-world stablecoin payment deployments by a publicly traded US company to date. Summary DoorDash is using Tempo’s stablecoin blockchain to pay drivers and merchants across more than 40 countries, targeting payout speed, cross-border cost reduction, and transaction flexibility as the primary benefits. Tempo, which raised $500 million at a $5 billion valuation and launched its public mainnet in…