Morpho closed a $175M round at a $2B valuation with approach, a16z and Ribbit leading. The real story is who's building credit rails for whom.
JPMorgan, BofA, Citi and Wells Fargo are wiring a shared tokenized deposit network for 2027. The unit economics of stablecoin competition just got real.
Robinhood Chain logged 4 million testnet transactions in seven days. The engineering reality behind the headline matters more than the number itself.
Alchemy, the infra provider behind Visa and Stripe crypto rails, just took a seat on the Kaia Governance Council. The interesting question is what it costs Kaia in vendor concentration.
Bybit becomes the first major exchange on Western Union's USDPT network, collapsing settlement from days to minutes across Latin American fiat corridors.
A 22-page, non-binding MOU between NYDFS and the EBA quietly rewrites the compliance budget for any stablecoin issuer touching a $314B market across both jurisdictions.
Two exploits drained nearly $600M from Drift and Kelp DAO, and April logged breaches on 27 of 30 days. Banks say they'll wait. Here's what that actually costs DeFi.