Moonwell: Submitted recovery plan on governance forum and initiated partial compensation

When Backpack Betrays the Community

Backpack triggered strong backlash after launching its native token $BP due to airdrop distribution issues. Numerous KOLs and users expressed disappointment with its handling approach and criticized the project for deviating from community principles. Although the project team stated it would open an appeals process and provide compensation, user trust has been severely damaged, and the token price has dropped significantly.

SoraVentures-backed DV8 acquires Rakkar Digital, becomes Southeast Asia's first licensed Bitcoin company

DV8, under Sora Ventures, acquires Thailand's digital asset custodian Rakkar Digital and will become Southeast Asia's first bitcoin asset management company to obtain a compliant license. The acquisition aims to leverage Rakkar Digital's compliance license to further expand the Asian market, accelerate the compliance process, and reduce cross-border operational risks, while strengthening corporate governance and market position.

Pumpfun updates the token fee mechanism, allowing creators to redirect fees only once

Pumpfun co-founder Alon announced that the platform is updating its token fee mechanism to reduce manipulation. Under the new rules, creators can only redirect fees once, tokens with set fees will be locked, and user interests are protected.

Crypto finance is beginning to look at lot more traditional, Aave and Ethena founders say

Crypto finance is only now beginning to provide an environment that matches traditional finance: ways to earn steadier, more predictable returns — similar to bonds or savings products, according to Aave Labs founder Stani Kulechov and Ethena CEO Guy Young. “Most fixed income is like the

Gate Officially Integrates Polymarket, CEX First to Integrate Prediction Market Free Beta

Gate officially integrates Polymarket, becoming the first centralized exchange platform globally to integrate it, and launches a dedicated portal in the Gate App. Users can participate in prediction trading through USDT in their spot accounts without on-chain operations, and transaction fees are waived during the public beta period. It offers both prediction and trading modes to meet different needs and supports diverse event types and trading methods. In the future, it will expand the event scope and enhance price discovery functionality.

CESR Benchmark and Insurance-Backed Staking Products Promote the Institutionalization of ETH Staking

Some traditional financial institutions have taken a cautious stance toward staking due to existing risks. Jordan Knecht mentions that a new generation of insurance-backed staking products like CESR are changing this landscape by providing more stable returns, reducing risks, and attracting institutional investment.