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Base Creator Jesse Pollak Steps Down From App Leadership, Admits Social Strategy Failed

SpaceX Stock Falls Below IPO Price as Starship Test Looms

Ostium Exchange Halts Trading After Oracle Exploit Drains $18โ23.7M in USDC

BlackRock's Tokenization Push Signals Institutional Finance's Shift Toward On-Chain Assets
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Arbitrum DEX Ostium Hit by $18M Oracle Exploit

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Markets

Ostium Perpetuals Exchange Drained of $18โ20M in Oracle Signer Exploit
Ostium, an Arbitrum-based perpetuals DEX, lost between $18 and $20 million today after attackers compromised an oracle signer key and manipulated the protocol's price feeds. The exploit targeted Ostium's OLP vault, which backs the platform's perpetuals trading mechanism.

Base Creator Jesse Pollak Steps Down From App Leadership, Admits Social Strategy Failed
Jesse Pollak, creator of Base blockchain, is stepping back from leading the Base App division, handing leadership to Cobie while refocusing the Layer 2 network on infrastructure, payments, and AI agents. The move marks a strategic pivot away from the on-chain social narrative that defined Base's...

SpaceX Stock Falls Below IPO Price as Starship Test Looms
SpaceX's tokenized equity (SPCX) has fallen 30% below its IPO price to $132.75, marking sharp post-listing volatility. With Starship test 13 scheduled for Thursday, the outcome could serve as a critical catalyst for stock recovery or further decline.

Ostium Exchange Halts Trading After Oracle Exploit Drains $18โ23.7M in USDC
Ostium suspended trading Tuesday following a sophisticated oracle manipulation attack that drained between $18 million and $23.7 million in USDC from its OLP vault. An attacker registered a price-feed forwarder and submitted future-dated oracle reports to artificially inflate asset prices and...
Regulation

UK Government Review Warns Judges Unprepared for Crypto Laundering and AI Fraud
A UK government-backed review warns that magistrates and judges lack adequate training to handle rising cryptocurrency money laundering and AI-enabled fraud cases. The assessment calls for structured judicial education programs to ensure effective prosecution and maintain public trust in the...

Czech Republic Blacklists Polymarket, Orders ISP Blocks Over Gambling Violations
The Czech Finance Ministry added Polymarket to its blacklist of unauthorized online gambling websites, ordering internet service providers to block access within 15 days. The action marks an escalation in European regulatory pressure against decentralized prediction markets.

Binance Pivots to Crypto Super App Strategy, Betting on Stablecoins to Challenge Traditional Finance
Binance is pivoting from pure exchange operations toward a comprehensive financial platform centered on stablecoin infrastructure, mirroring WeChat Pay and Alipay. The strategy aims to diversify revenue and hedge regulatory pressure, but faces execution risks and regulatory uncertainty.

US and UK Unveil 10-Point Digital Asset Roadmap for Stablecoins
The United States and United Kingdom have jointly released a 10-point digital asset roadmap aimed at reducing regulatory friction around stablecoins and tokenized assets while promoting innovation across both jurisdictions.
DeFi

UK Defers Capital Gains Tax on DeFi Lending Starting April 2027
The UK has adopted a "no gain, no loss" tax treatment for cryptocurrency lending and DeFi liquidity pool deposits, eliminating immediate capital gains tax liability. The policy takes effect April 6, 2027, positioning the UK ahead of the US and EU on crypto tax policy.

UK Adopts 'No Gain, No Loss' Tax Treatment for Crypto Lending Starting April 2027
The UK's HMRC has adopted a 'no gain, no loss' tax treatment for crypto lending and liquidity pool transactions, deferring capital gains tax until economic disposal. The policy takes effect April 1, 2027, removing tax friction for DeFi participants and potentially attracting more UK capital to...

Sky Frontier Hits Record $419M Revenue Run-Rate in June
Sky Frontier Foundation reported a record $419 million annualized revenue run-rate for June 2026, driven by sustained demand for yield-bearing stablecoins and the launch of Grove Protocol's governance infrastructure.

Aave Labs Launches Stable Vaults for Institutional Stablecoin Yield
Aave Labs launched Stable Vaults today, automating stablecoin yield strategies across Aave V3 and V4 markets. The product targets institutional investors and mainstream users seeking consistent returns without manual portfolio management, but faces risks around centralization, yield...
Technology

Inception Labs' Mercury 2 Outperforms Google's DiffusionGemma in AI Showdown
Inception Labs released Mercury 2, an AI model that outperforms Google's DiffusionGemma while preserving model intelligence during the shift from sequential to parallel processing. The development marks a significant architectural transition in the post-autoregressive era.

Quantinuum Surges 13% on Nasdaq IPO Debut, Raising $1.68B
Quantinuum's shares opened at $68 on their first day of trading on Nasdaq, a 13% jump from the $60 IPO price, raising $1.68 billion in total proceeds and valuing the quantum computing company at approximately $17.63 billion market capitalization.

Starkware Cuts Jobs as Starknet Revenue Collapses 98%
StarkWare Cuts Staff as Starknet Fee Revenue Drops 98% From Peak StarkWare, the Israeli company behind the Starknet Ethereum Layer 2 network, has laid off a portion of its workforce as on-chain rev
Kraken Refuses Extortion Demand After Insider Data Breach Exposes 2,000 Accounts
Kraken Refuses Extortion Demand After Insider Data Breach Exposes 2,000 Accounts Cryptocurrency exchange Kraken has declined to pay an extortion demand following a data breach that exposed personal
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