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Magic Internet Money Falls 50% Below Peg as Abracadabra Declares Emergency

DeFi The Defiant Explainers 2026-06-25 16:20

Abracadabra.money declared emergency measures after its MIM stablecoin fell roughly 50% below its $1 peg, triggering interest rate hikes across all Ca...

Strategy's STRC Preferred Stock Hits Record Lows as Leverage Cascade Deepens

DeFi The Defiant Explainers 2026-06-25 16:00

Strategy's Series A perpetual preferred stock has fallen to record lows around $73-78, down roughly 25% from its $100 par value in two weeks, as a lev...

Spark, Uniswap, and Sky Launch $150M Liquidity Migration to Build Shared Stablecoin FX Layer

DeFi The Defiant Explainers 2026-06-25 16:00

Spark, Uniswap, and Sky are launching shared stablecoin liquidity infrastructure, beginning with a $150 million USDS migration to Uniswap v4 pools des...

Ethlabs Will Overlap with the Ethereum Foundation and Draw Its 'Densest Talent,' Funders Say

DeFi The Defiant Explainers 2026-06-24 22:00

Sharplink, Bitmine and Joe Lubin are backing Ethlabs as the Ethereum Foundation cuts its budget 40%, but no one will say how much money is behind the ...

Bitcoin Slips Under $60,000 as Tech Rout, Hawkish Fed Hit Crypto

DeFi The Defiant Explainers 2026-06-24 21:40

Ether falls harder than Bitcoin in a market-wide risk-off move, while Aave bucks the selloff on V4 and Grayscale tailwinds; total DeFi value drops to ...

Uniswap Adds No-Code Token Auction Tool to Its Web App

DeFi The Defiant Explainers 2026-06-24 20:00

Teams can now launch token auctions directly from the Uniswap Web App using Continuous Clearing Auctions, with no code required.

A16z-Linked Wallet Pulls 25,560 ETH From Binance in Apparent Accumulation Move

DeFi The Defiant Explainers 2026-06-24 20:00

A wallet attributed to venture firm a16z withdrew $42.62M worth of ETH from Binance on Tuesday, per onchain intelligence tracker Lookonchain, as ETH t...

Pump.fun Parent Baton Corporation Recruiting CLO at Up to $5M Base Salary

DeFi The Defiant Explainers 2026-06-24 20:00

Baton Corporation, the development company behind memecoin launchpad Pump.fun, is seeking a Chief Legal Officer at a base salary of $1M to $5M, a comp...

Strategy Stock Falls Below $100 for First Time in Two Years as Analysts Pick Apart Its Bitcoin Bet

DeFi The Defiant Explainers 2026-06-24 19:01

The break below $100 puts MSTR at a discount to its roughly $50 billion in Bitcoin and shifts the question from how much more Bitcoin Strategy can buy...

Binance Withdraws Greece MiCA Application, Targets New EU Jurisdiction Before July Deadline

DeFi The Defiant Explainers 2026-06-24 18:01

Binance has confirmed it is withdrawing its MiCA license application in Greece and will seek authorization in a different EU member state, with the Ju...

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