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Sophon Shuts Down Its zkSync Chain and Rebuilds as a Consumer App Studio on Base

DeFi The Defiant Explainers 2026-06-26 16:20

Sophon is decommissioning its zkSync-based Layer 2 chain and pivoting to Soph+, a consumer product studio building exclusively on Base. The shutdown c...

Kalshi Seeks $40B Valuation Seven Weeks After $22B Raise

DeFi The Defiant Explainers 2026-06-26 16:00

Prediction-market operator Kalshi is in talks to raise fresh capital at a roughly $40 billion valuation, the Financial Times reported, nearly double t...

Strategy Executives Issue Coordinated Investor Reassurances as STRC Hits Record Lows

DeFi The Defiant Explainers 2026-06-26 16:00

Three Strategy officials published separate posts within hours Friday defending the company's balance sheet, as bitcoin fell to around $59,600 and STR...

Why Wall Street's Biggest Traders Are Abandoning Crypto for Prediction Markets | Alex Momot

DeFi The Defiant Explainers 2026-06-26 16:00

Prediction markets are entering a new phase — and the biggest market makers in the world are taking notice. Alex Momot, Co-founder of Peanut Trade, jo...

Tether's USDT Closes In on Ether for No. 2 Crypto Spot by Market Cap

DeFi The Defiant Explainers 2026-06-26 15:20

USDT has drawn level with ether for the second-largest cryptocurrency by market cap, briefly overtaking it earlier in June. Rising stablecoin issuance...

BitGo Cuts Nearly 15% of Staff Six Months After IPO, Refocuses on Stablecoins and AI

DeFi The Defiant Explainers 2026-06-26 15:20

Crypto custodian BitGo is cutting approximately 15% of its workforce, CEO Mike Belshe announced Thursday, as the company refocuses on stablecoins, set...

Binance Tells EU Users It Will Wind Down Services as MiCA Deadline Hits

DeFi The Defiant Explainers 2026-06-26 15:20

Binance has begun notifying European Union customers it will restrict services after withdrawing its Greek MiCA application, realizing the EU-exit ris...

Aave's Kulechov Disputes Report, Says Firm Won't Sell AAVE at '70%' Discount

DeFi The Defiant Explainers 2026-06-25 21:40

The founder said all Aave protocol and GHO revenue flows to the AAVE token and that the brand and software belong to holders, responding to a report t...

Invesco Files for Tokenized Stablecoin-Reserve Money Market Fund Built on Superstate Rails

DeFi The Defiant Explainers 2026-06-25 20:00

US asset manager files for a GENIUS Act reserve money market fund whose shares are recorded directly on public blockchains, with Superstate as sub-tra...

Story Rebrands as DATA Foundation in Pivot to AI Training Data

DeFi The Defiant Explainers 2026-06-25 19:20

The intellectual-property blockchain that raised $140 million led by a16z crypto is migrating its $IP token to $DATA one-to-one and integrating data m...

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