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Balancer Considers Wind-Down After Restructuring Doesn’t Restore Revenue

Balancer, one of the best-known decentralized exchanges built on automated market makers, has proposed winding down its protocol after a post-exploit restructuring failed to restore enough revenue to sustain growth. Balancer Labs CEO Marcus Hardt said he underestimated how long the fallout from a $128 million exploit in November would continue to suppress user traction. The plan, posted on Balancer’s governance forum on Monday by Hardt, calls for a phased shutdown and the distribution of a remaining treasury currently valued at more than $9 million to BAL tokenholders. The proposal follows Balancer Labs’ earlier decision to shut down in March, when the team moved to a leaner operating structure while still supporting the protocol. Key takeaways Balancer’s governance proposal would transition the protocol into a withdrawal-focused end state and wind down the DAO. The plan attributes weak revenue recovery to continued adoption drag after a November $128 million exploit tied to legacy...
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S&P Global backs Kaiko as Series B raises $110M

S&P Global has backed Kaiko with a strategic investment that extends the Paris-based crypto market data provider’s Series B round to $110 million. The funding is intended to deepen Kaiko’s digital asset market data services while accelerating its expansion into onchain infrastructure for tokenized finance. Alongside Kaiko, the round includes major financial and market participants such as BNP Paribas, Bpifrance, Broadridge, Nasdaq Ventures, Royal Bank of Canada, and Coinbase Ventures, as well as trading and capital markets groups including DRW Venture Capital and Susquehanna Private Equity Investments. Technology and blockchain ecosystem investors also participated, including Stellar. Key takeaways S&P Global’s investment lifts Kaiko’s Series B total to $110 million, signaling growing demand for institutional-grade digital asset and tokenized-market data. Kaiko says the capital will support both its established digital asset pricing and its expansion into onchain data servi...
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Clarity Act Meets Pushback From State AGs Before Critical Senate Vote

The CLARITY Act is set to face a pivotal procedural vote in the US Senate on Tuesday after President Donald Trump agreed to most of a bipartisan package aimed at tightening ethics rules for federal officials with crypto-related interests, according to multiple reports. The bill is designed to create a federal framework for how digital-asset markets are regulated, including clearer lines between the SEC and the CFTC. Yet the latest compromise has not softened all opposition. A bipartisan group of 18 state attorneys general is urging senators to reject the legislation, arguing that the bill’s changes would undermine state authority to investigate and take action against crypto companies accused of fraud or other misconduct. Key takeaways The CLARITY Act is moving toward a Senate procedural vote that will decide whether it advances to full debate. President Trump’s reported agreement to most of a bipartisan ethics proposal would tighten conflict-of-interest rules for certain federal o...
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Strive Boosts Treasury by 469 BTC, Reaches 25,000 Bitcoin

Strive, a U.S.-listed corporate Bitcoin treasury company and asset manager, added another batch of Bitcoin to its balance sheet last week, according to a filing submitted to the U.S. Securities and Exchange Commission. The company bought 469 BTC for roughly $36.6 million between Sept. 8 and Sept. 11, lifting its total holdings to 25,000 BTC. In the same SEC document, Strive says the purchase was funded entirely through proceeds from sales of SATA, its perpetual preferred stock. With SATA’s notional value now exceeding $1 billion, Strive also disclosed its cash position and other holdings as of Sept. 11. Key takeaways Strive purchased 469 Bitcoin for about $36.6 million, acquiring BTC at an average price of $77,954 per coin (including fees and expenses) from Sept. 8–11. The company’s Bitcoin treasury now totals 25,000 BTC, making it one of the largest publicly traded corporate holders. Funding for the acquisition came entirely from SATA preferred stock sales, with SATA notional va...
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Kraken Adds DeFi Yield to Tokenized Stocks and ETFs

Kraken has expanded its tokenized-asset push by launching “xStocks” onchain yield vaults for select tokenized equities and ETFs. The service is designed to let eligible clients lend those tokenized holdings through decentralized finance (DeFi) protocols in order to generate yield, with returns paid in the deposited assets. In a Monday announcement, Kraken said the vaults currently support tokenized versions of the SPDR S&P 500 ETF (SPYx), Invesco QQQ ETF (QQQx), and Nvidia (NVDAx). Clients deposit xStocks into the vaults, earn yield generated from onchain lending, and then submit withdrawal requests that Kraken processes within three days. Key takeaways Kraken’s new xStocks vaults generate yield by lending tokenized stocks and ETFs through DeFi markets. Yield is paid in the deposited xStocks, and withdrawals are handled within three days. The vaults build on the same infrastructure as Kraken DeFi Earn, which reported more than $800 million in deposits since its January launch...
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Revolut Attackers Warn of Ongoing Daily Customer Data Leaks

Threat actors behind a reported Revolut customer-data leak have begun sharing stolen personal information online and say they will publish additional details each day until the company “pays,” according to statements circulated on Telegram and an X post by International Cyber Digest. The materials reportedly include facial-verification images and scanned identity documents, raising concerns about identity theft and fraud risk. Revolut previously told customers that the exposed dataset includes full names, dates of birth, occupation, contact information, account statements, and complete transaction histories—along with records of Bitcoin transactions—following what the company described as a “sophisticated external impersonation scam.” Revolut also said its systems and customer funds were unaffected and that the breach involved a “limited number” of customers. Key takeaways Attackers say they will release more Revolut customer data daily until “revolut pays,” according to Telegram mes...
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Top AI Firms Seek Slower Timelines as Regulators Scrutinize Growth

Calls to “pace” frontier artificial intelligence have surged after a weekend essay from Anthropic CEO Dario Amodei and quick follow-up remarks from OpenAI CEO Sam Altman. The common theme is not a halt to progress, but concern that AI capabilities are advancing faster than the systems meant to evaluate, monitor, and control them. Amodei warned that the industry’s ability to understand and manage increasingly powerful models may be falling behind. He also pointed to scenarios such as faster-moving autonomous AI activity and potential recursive self-improvement dynamics—an argument that resonated broadly enough to draw support from Elon Musk and calls for “urgent action” from United Nations human-rights chief Volker Türk. Key takeaways Anthropic’s Dario Amodei argues frontier AI should be “paced,” citing gaps between model capabilities and the industry’s safety/control capacity. OpenAI’s Sam Altman agrees with the “responsibility” framing but insists pacing means slower capability de...
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