Polymarket pushes for broader US relaunch with CFTC talks: Report
Polymarket is negotiating with the US CFTC to fully restore American user access after its 2022 settlement restricted the platform. The prediction market giant aims to expand beyond December 2025's limited sports-betting rollout to its main exchange. Success requires a formal CFTC vote, potentially easier with four vacant commissioner seats. Polymarket faces intensifying competition from Kalshi and mounting legal challenges across US states.
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Solana Ventures leads $18 million round in Squads to scale its stablecoin platform Altitude
Squads raised $18 million led by Solana Ventures for its Altitude stablecoin platform, bringing total funding to $42.9 million. The Solana-based multisig protocol aims to enable businesses to operate on stablecoins instead of traditional banks, positioning itself as faster and cheaper. Altitude has processed $200 million in payments since December launch across exporters and crypto-native companies globally.
Andre Cronje says DeFi is ‘no longer DeFi’ as builders debate circuit breakers
Andre Cronje argues modern DeFi protocols are no longer truly decentralized, functioning as teams running for-profit businesses with upgradeable contracts and admin controls. The Flying Tulip founder advocates circuit breakers for emergency response during abnormal withdrawals, while Curve's Michael Egorov warns such safeguards create new human vulnerabilities and centralization risks. Recent exploits like Drift Protocol and Kelp highlight operational risks beyond smart contract audits.
