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Drift has proposed a recovery plan in the wake of a $295 million April hack. But it could take years to fully compensate victims, and relies on the success of a slimmed-down business model. Users would be issued “recovery tokens” representing a claim on a "recovery pool” that would be gradually filled by Drift revenue.

DeFi protocols are capitalising on the trading card boom. Platforms let users buy and sell NFT versions of Pokémon cards and unopened packs. They generated $11 million in revenue last month.

Coinbase is cutting 14% of its global workforce. It joins the likes of tech giants Meta and Microsoft. Shares popped 4% on the news.

Uniswap DAO votes to take back loaned tokens. The cooperative delegated 12.5 million UNI between 2022 and 2023. The loaned tokens have served their purpose, the proposal's author said.

Hyperliquid's first Bitcoin outcome market beat Polymarket and Kalshi. Bernstein says the move signals prediction markets are becoming institutional hedging tools.

Strategy's stock price rallied over 50% in the past month. Bitcoin is trading above $80,000. Bitcoin spot ETFs have pulled in $827 million so far in May.

People owed money by North Korea want the crypto that was nearly stolen in the April 18 Kelp DAO hack. That crypto was earmarked for a recovery fund meant to compensate people affected by the hack. Aave LLC has filed an emergency motion, and a hearing has been scheduled for Wednesday.

Odds the Clarity Act passes in 2026 skyrocketed on Friday. Senators reached a deal regarding stablecoin yield, and Coinbase executives have expressed their support. The deal would ban payments that are "economically or functionally equivalent" to interest-bearing bank deposits.

A cannabis vape pen company is giving out Bitcoin. “Every hit earns crypto,” a tagline on the company’s website reads. Gudtrip says its product isn’t designed to encourage greater cannabis consumption.

Developers spent a week above the Arctic Circle fixing Ethereum's biggest bottleneck. The Ethereum Foundation sold $23 million worth of tokens last week to Bitmine in an OTC deal. Ether is still down more than 50% from its peak last August.

The top crypto topped $80,000 on Monday. Senator Tim Scott says a bipartisan markup is coming for the Clarity Act in May. ETF inflows are accelerating, with $630 million pouring in on the first day of May alone.

An epidemic of “disingenuous innovation” plagues the crypto industry, VCs say. Still, crypto companies raised just over $600 million in April.

April saw a record number of crypto hacks. Single points of failure are a growing concern. Code bugs were the cause of the vast majority of incidents.

Hegseth confirms Pentagon is working on “classified” Bitcoin projects. Last week, a US Navy admiral revealed that the military is running its own Bitcoin node.

Anthropic’s new Claude Mythos AI could threaten markets, warns Coinbase. Still, three‑quarters of institutional investors are bullish on Bitcoin. Major exchanges are trying to secure access to Mythos.

Senators changed the chamber's rules on Thursday to ban prediction market trading among themselves and their staffers. The move comes as bills attempting to rein in prediction markets flood Washington, DC. Last week, federal prosecutors charged someone in the US Army with insider trading on the ouster of Venezuelan president Nicolas Maduro.

A pair of US Senators are demanding answers from Commerce Secretary Howard Lutnick. A trust benefiting his children received a loan from Tether just as he sold them his stake in Cantor Fitzgerald, according to a news report cited by the senators. “We want to ensure that Tether has not sought to bribe or otherwise exert control or influence over you," they wrote.

MegaETH launches its token. It's off to a shaky start. Early investors are still in profit.

Ripple has a lot going for it. But the cryptocurrency linked to the company isn’t doing well. What’s holding XRP back?

Elizabeth Warren has attacked Donald Trump over a Wall Street Journal report. The report linked World Liberty Financial with a crypto project with ties to people sanctioned by the US. The Trump family-linked crypto company has denied any wrongdoing. Democrats increasingly use crypto as a cudgel to beat Republicans with.

Wallets tied to a notorious hacker have started laundering funds again. Andean Medjedovic is accused of stealing $65 million from two DeFi protocols. Medjedovic doesn’t deny his involvement, but argues that his actions were legitimate trades.

Tokenisation will skyrocket from $35 billion to $2 trillion by 2028, analysts say. DeFi, Stablecoins at the heart of the bonanza.

Powell insists he won’t be a “shadow chair.” Markets aren’t liking the uncertainty.

A federal judge rejected Sam Bankman-Fried's request for a new trial. Bankman-Fried had claimed to have found new witnesses who could provide fresh evidence he never sought to defraud customers. “In no way are these ‘facts’ never-before-seen, let alone newly discovered," the judge wrote in a scathing order.