Three young DeFi apps return $100M in revenue to token holders in 30 days
Hyperliquid, EdgeX and Pump.fun returned a combined $96 million to token holders in 30 days, as the crypto community shifts its focus from transaction volumes to real earnings....
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Arbitrum’s $71 million in ETH cleared for Aave transfer as North Korea terrorism creditors retain legal claim
A Manhattan federal judge partially unblocked $71 million in ETH frozen in Arbitrum from the Kelp DAO exploit, allowing transfer to Aave while preserving North Korean terrorism creditors' legal claims. The ruling protects Arbitrum delegates from liability but leaves final ownership undecided. DeFi United's recovery effort now has its largest contribution secured, though Aave assumes restraint obligations.
Sports betting should be regulated as a financial product, not gambling, aspiring prediction market provider says
Novig, a sports betting platform, plans to transition from a 35-state sweepstakes model to a federal Designated Contract Market framework this summer, enabling operations across all 50 states. The CEO argues sports betting should be regulated as a financial product, not gambling, citing the $2 trillion global market. This regulatory shift could reshape prediction markets and attract sophisticated traders currently banned from traditional sportsbooks.
Trump Media’s Q1 loss widens to $406 million on bitcoin, CRO markdowns
Trump Media reported a $405.9 million Q1 net loss, driven by $244 million in unrealized cryptocurrency losses as its bitcoin and CRO holdings declined significantly. The company held 9,542 BTC and 756 million CRO tokens at quarter-end. While bitcoin's recovery since March adds value, the massive loss highlights risks of corporate crypto treasury strategies amid volatile markets.