Crypto

OpenZeppelin founder says he now considers the entire DeFi sector unsafe, sparking industry debate.

China’s Supreme People’s Court will develop judicial guidance for crypto-related cases amid rising legal disputes.

Decentralized exchange Hyperliquid has launched its HIP-4 product, allowing traders to bet on off-chain events like inflation and interest-rate decisions. The markets are governed by validators and use automated newsfeed software to publish outcomes, directly challenging Polymarket.

OKX’s Layer-2 network X Layer has launched Exchange OS, moving core exchange functions — matching, margining, liquidation, and settlement — to the protocol layer, allowing users to create custom crypto trading markets.

Tokenized real-world assets (RWA) platform Ondo Finance announced Tuesday the unexpected death of founder Nathan Allman. Longtime president Ian De Bode will take over management. Ondo Finance is one of the largest RWA platforms in crypto, managing billions in tokenized assets.

The total stablecoin market value has reached $322 billion, exceeding the official foreign exchange reserves of 95 nations worldwide. This marks the continued expansion of the crypto ecosystem’s “shadow banking” scale, with user-held dollar and fiat assets increasingly operating outside traditional banking channels.

[Brief] StablR Stablecoin Hit by $13.5M Exploit, Tokens Depeg StablR’s EURR and USDR stablecoins suffered a severe depeg after an attacker exploited a multisig wallet vulnerability to mint approximately $13.5 million in unbacked tokens. EURR fell to $0.85 and USDR dropped as low as $0.40. According to TheBlock, the attacker dumped roughly $10.4 million in face value on decentralized exchanges. The project team is working on an emergency fix.

Chun Wang, founder of F2Pool which controls 11% of Bitcoin hashrate, named Mission Commander for SpaceX’s first commercial Mars flight.

Binance has publicly disputed a Wall Street Journal report alleging that Iranian financier Babak Zanjani moved $850 million through its platform. CEO Richard Teng said the claims are inaccurate. The controversy emerges amid heightened geopolitical tensions. The US has paused a $14 billion arms sale to Taiwan due to the Iran situation, and a Pakistani field marshal is traveling to Tehran to broker a US-Iran deal. Binance has been strengthening compliance measures in recent years, seeking to distance itself from sanctioned entities. This dispute highlights the compliance challenges crypto exchanges face amid geopolitical conflicts. ...

OKX and the Intercontinental Exchange (ICE) are partnering to bring “never-expiring” oil futures contracts to 120 million crypto users. The partnership draws on the success of Hyperliquid’s oli perpetual oil futures, which have seen over $1 billion in trading volume.