CrispyBull

A high-leverage short on the thinly traded JELLY token triggered a $20 million loss on Hyperliquid, shaking trust in one of DeFi’s fastest-growing platforms. The incident reignited debate over whether decentralized protocols can truly protect users from manipulation without resorting to centralized interventions.

Arbitrum DAO is reconsidering its $225 million Gaming Catalyst Program after delays and transparency concerns sparked a community-wide debate. The outcome could significantly impact the future of Web3 gaming on the Arbitrum network.

Coinbase is in advanced talks to acquire Deribit, the leading crypto options exchange, in a deal valued between $4 billion and $5 billion. The move would mark a major expansion into the booming derivatives market, positioning Coinbase to compete more aggressively with global giants like Binance and OKX.

The U.S. Treasury's decision to lift sanctions on Tornado Cash has stirred fresh controversy, with critics warning that dismissing the case without a final ruling leaves critical legal questions about open-source code and decentralization unresolved. While privacy advocates hail the move as a win for financial freedom, others see it as a regulatory retreat that could embolden illicit actors.

Australia is moving decisively to integrate cryptocurrency into its financial system with a landmark regulatory framework that promises oversight and inclusion. Announced by the...