Web3 & Crypto
Payward Buys Bitnomial for $550M to Lock Down US Derivatives
Payward is paying up to $550M for Bitnomial, buying three CFTC licenses in one transaction and shortcutting years of regulatory build for Kraken's US derivatives stack.
Starknet's 213.97 Dev Score Dwarfs Arbitrum at 93.67
Starknet's developer activity score hit 213.97, more than double Arbitrum's 93.67 and nearly 4x Optimism's 57.27. The ZK rollup's lead signals a shift in L2 momentum.
Fireblocks' $6T Stablecoin Play Forces Custody Build-vs-Buy Math
Fireblocks opening Aave/Morpho to 2,400 institutions shifts custody economics. Platform teams face a 90-day decision on whether to build yield rails or accept vendor lock-in.
JPMorgan CFO: Stablecoins Could Bypass $20 Trillion Banking Rules
Jeremy Barnum warns stablecoins might "run a bank" without banking oversight, as JPMorgan reports 13% profit jump while pushing its own blockchain payments
SEC Opens Door for DeFi Frontends: A Five-Year Regulatory Gamble
The SEC's new DeFi frontend guidance creates a temporary safe harbor from broker-dealer rules, but the five-year expiration date raises serious questions about long-term viability.
StarkWare's 98% Revenue Crash Forces Layoffs, Restructuring
Once worth $8B, the Ethereum L2 developer behind Starknet cuts staff as monthly revenue plummets from $5.8M to $100K. What went wrong, and what it means for L2s.