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Meta Faces Backlash Over Mass Facebook & Instagram Bans
Meta is facing backlash after thousands of Facebook and Instagram users reported being suddenly banned over alleged child exploitation violations they say are completely false.
Many users claim Meta’s AI moderation systems are wrongly flagging accounts, while appeals are reportedly denied within minutes with little to no human review. Some affected users say the bans have damaged businesses, erased years of memories, and created fears of legal consequences.
Biggest CEXs by funds inflow in the last 30 days
As Bitcoin surged +18.2% last month, smart money didn't sit still. Total net inflow across all centralized exchanges hit +$2.09B in the last 30 days. Here's where the capital actually went.
White House Targets July 4 for CLARITY Act Passage
Senate Banking Committee markup is planned for May, with four Senate working weeks in June targeting a floor vote before July 4. Polymarket currently gives the bill ~48% odds of passing in 2026.
The CLARITY Act framework covers intermediaries only and does not reopen stablecoin issuer rules already addressed under the GENIUS Act. The stablecoin yield compromise was crafted to leave both banks and crypto firms equally dissatisfied, the White House's intended signal of balance.
OpenAI Launches Multipath Reliable Connection (MRC) For Large-Scale AI Training
OpenAI has introduced a new open networking protocol called Multipath Reliable Connection (MRC), developed in collaboration with Advanced Micro Devices, Broadcom Inc., Intel, Microsoft, and NVIDIA.
According to OpenAI, MRC is already deployed across its largest NVIDIA GB200 supercomputers and has been used in training multiple frontier models. It is currently active in data centers including Microsoft Azure and Oracle Cloud Infrastructure deployments.
OpenTrade Raises $17M To Scale Stablecoin Yield Infrastructure
OpenTrade has raised $17M in a strategic round led by Mercury Fund and Notion Capital, with participation from a16z crypto, AlbionVC, and CMCC Global. The round brings total funding above $30M as the firm pushes deeper into stablecoin and RWA yield infrastructure.
The company surpassed $200M in TVL last year and is now building out both permissionless and permissioned infrastructure layers. Key focus areas include a new permissionless protocol layer and “Curation+”, a vault system designed to structure yield strategies across real-world and onchain assets.
Ekubo Protocol Exploited for $1.4 Million in WBTC
Ekubo Protocol suffered an exploit on its Ethereum router contract, with attackers draining 17 WBTC worth approximately $1.4M. Users who had previously granted token approvals to the vulnerable contract were urged to revoke access immediately.
The issue came from a failed forward() call that did not revert, allowing the attacker to use the callback function to transfer approved tokens from user wallets. Most of the stolen funds reportedly came from one wallet with an old unlimited WBTC approval.
The vulnerability impacted EVM router contracts on Ethereum and Arbitrum, but did not affect Starknet users, liquidity providers, or the core protocol itself.
👉 x.com/GoPlusSecurity/status/2051877998090162541
Kelp DAO Migrates rsETH to Chainlink after $292M Exploit
Kelp DAO has confirmed it is migrating rsETH liquid restaking token away from LayerZero's OFT standard to Chainlink's CCIP. Kelp also published screenshots of communications with LayerZero personnel showing the company's team approved responsiblity for the loss.
Nearly half of LayerZero contracts were using a single-validator setup prior to the exploit, LayerZero has since enforced mandatory adoption of multi-validator configs.
Solana Foundation and Google Cloud Launch Pay.sh
Pay sh is a gateway service that enables AI agents to discover, access, and pay for APIs on a per-request basis using stablecoins on Solana, with no accounts, API keys, or subscriptions required.
At launch, Pay sh supports official Google Cloud APIs including Gemini, BigQuery, Vertex AI, and Cloud Run, alongside 50+ community API providers covering ecommerce, market data, communications, and onchain infrastructure.
Agentic Activity on Base: Who's Running the Chain?
893,829 total agentic transactions in 2026. 46,755 active AI agents. 165,598 unique addresses. Base L2 has quietly become the most active chain for autonomous agent infrastructure — and five protocols are driving nearly all of it.
Drift Protocol Unveils Recovery Plan After $295M Exploit
Drift Protocol has released its full recovery framework following the April 1, 2026 exploit attributed to a DPRK-linked threat actor confirmed by Mandiant. The attack led to ~$295M in losses, prompting a temporary shutdown of core trading and borrowing functions. The team is now preparing a phased relaunch focused on security and user compensation.
A major part of the plan is the issuance of Recovery Tokens, representing $1 per verified user loss, backed by a recovery pool seeded with ~$3.8M in remaining protocol assets. Additional inflows will come from exchange revenue, up to $127.5M in Tether support, and ~$20M from strategic partners, aiming to fully cover the $295M deficit over time.
Securitize Brings Regulated Tokenized Stocks Onchain via Solana
The tokenization firm has partnered with Jump Trading and Jupiter to launch regulated tokenized equities fully onchain on Solana. The assets can now be issued, traded, and settled directly onchain, marking a major step toward onchain capital markets.
Under the structure, Jump Trading will provide institutional liquidity through its PropAMM model, while Jupiter will enable retail and institutional access via its swap infrastructure. Securitize will handle the regulatory stack as a registered broker-dealer, transfer agent, and Alternative Trading System (ATS).
Solana has introduced Solana Research Institute (SRI)
Solana Research Institute (SRI) is an independent, not-for-profit research forum dedicated to bridging financial institutions and public blockchain infrastructure, with a focused lens on Solana.
Backed by founding members, the SRI will publish research, host closed-door sessions, and run working groups on the legal, structural, and technical questions that will determine how TradFi actually moves on-chain.
Andreessen Horowitz Launches $2.2B New Crypto Fund, Betting on Blockchain Adoption
Andreessen Horowitz (a16z) has raised a $2.2 billion crypto fund, marking a renewed push into blockchain investing despite a broader VC shift toward AI. The new “Crypto Fund 5” will deploy capital over the next decade, backing crypto startups across all stages.
The firm is focusing on “durable” applications built on crypto infrastructure, especially in payments, financial services, and decentralized systems. a16z highlights stablecoins as a key growth area, with the market recently reaching ~$320B in value and gaining traction for cross-border payments, savings, and daily transactions.
Bullish strikes $4.2B deal for transfer agent Equiniti
This is the biggest M&A deal in crypto infrastructure history. Equiniti is a leading global transfer agent serving nearly 3,000 issuer clients, 15,000 corporate clients, 20 million shareholders, and processing $500B in annual payments.
The combination creates the first fully integrated blockchain-enabled, blue-chip issuer services provider — unifying a regulated transfer agent with end-to-end tokenization infrastructure.
The $4.2 billion transaction comprises $1.85 billion of assumed Equiniti debt and approximately $2.35 billion in Bullish stock consideration, priced at $38.48 per share based on Bullish's 30-day VWAP as of May 4, 2026.
Western Union Officially Launches USDPT Stablecoin
Western Union launched its USDPT stablecoin on Solana, designed for faster cross-border settlement across its network in more than 200 countries. USDPT is issued by Anchorage Digital Bank and backed 1:1 by U.S. dollars.
Primary Use Cases:
- Treasury operations and agent clearing
- Near-instant settlement, including weekends and holidays
- Reduced reliance on traditional correspondent banking and SWIFT
- Lower idle balances across global payment flows
Future Rollout:
- Digital Asset Network (DAN): Bridges crypto wallets/exchanges to Western Union’s payout infrastructure for cash on/off-ramps
- Global Exchange Support: Availability on licensed exchanges
- Consumer Features: Stable by Western Union app planned for 2026 in 40+ countries, including a stablecard
👉 x.com/solana/status/2051263551470227705?s=20\
Kraken parent Payward Inc. acquires Reap for $600 million
Reap Technologies is a stablecoin-oriented provider of cross-border and business payments services. Reap is Payward’s first acquisition in Asia and its third-largest acquisition. The transaction will result in new business-to-business products.
Reap has a payments business that connects traditional financial systems with digital assets, enabling cross-border money flow. It’s led by Daren Guo, who previously launched the Asia Pacific business for Stripe.
Ondo, JPMorgan, Mastercard and Ripple Complete Historic Tokenized Treasury Settlement on XRP Ledger
It was the first cross-border, cross-bank redemption of tokenized U.S. Treasuries ever recorded. Settlement completed in under five seconds on the XRP Ledger, outside traditional banking hours and across different banks and borders simultaneously.
The pilot involved OUSG, Ondo's tokenized U.S. Treasury fund. Partners: Ondo Finance (OUSG issuer) + Kinexys by JPMorgan (interbank rails) + Mastercard MTN (fiat-onchain bridge) + Ripple/XRPL (settlement layer).
1inch market maker, Trusted Volumes, exploited for ~$5.9M
The attack targeted a custom RFQ swap proxy controlled by TrustedVolumes, a DeFi market maker and official resolver on 1inch Fusion, responsible for filling gasless swap orders and providing liquidity across the protocol.
The exploit drained 1,291.16 WETH, 206,282 USDT, 16.939 WBTC, and 1,268,771 USDC from the affected contract.
Ethos Raises $22.75M Series A Led by a16z to Build AI-powered Expert Network
Ethos has raised a $22.75M Series A led by Andreessen Horowitz, with participation from General Catalyst, XTX Markets, Matt Evans, and Common Magic.
Ethos matches users with paid opportunities across expert calls, market research, fractional work, and full-time roles. The platform says top contributors are already earning over $10,000 per month, with around 35,000 new users joining weekly.
Founded by James and Daniel, Ethos is built around the idea that AI should make people irreplaceable, not replaceable. The system turns professional expertise into recurring income by dynamically matching users across industries like finance, legal, medical, and operations.
WLFI launches WorldRouter for AI agents with USD1 payments
World Liberty Financial and WorldClaw introduced WorldRouter, a shared infrastructure layer that gives users access to 300+ AI models through one account while combining model usage, payments, and execution in a single system.
The platform uses USD1 as the settlement layer across Solana and BNB Chain, allowing agents to execute tasks and handle payments inside one shared system.
Users can also lock WLFI to gain access to premium AI hardware for local execution, higher-tier platform access, and exclusive events.
👉 x.com/worldlibertyfi/status/2051659743513473486?s=20
Bitcoin Climbs to #11 as Global Markets Add $4T in 30 Days
Global asset markets staged a broad recovery in April–May 2026, with nearly every name in the top 15 posting double-digit gains — led by Broadcom (+35.8%), Amazon (+30.4%), and Alphabet (+30.5%).
Bitcoin joined the rally with a +17.8% move to $81,520, adding $247B in market cap and rising to #11, while Samsung re-entered the top 15 and became only the third non-US company — alongside TSMC and Saudi Aramco — to cross the $1 trillion market cap threshold.
Price Discovery Board: KAIO (KAIO)
KAIO trading starts today at 13:00 UTC, backed by $19M in funding. This board compares potential FDV scenarios using benchmarks from other RWA projects like Lumia, REAL, Plume, and Centrifuge.
MoonPay Acquires DFlow in $100M All-Stock Deal
MoonPay acquires DFlow, a Solana-based trading infrastructure platform, as the crypto on-ramp moves deeper into onchain execution.
DFlow powers major platforms including Coinbase, Phantom, Solflare, and Kamino, and processes ~10 million transactions per month with 99.9% token coverage on Solana.
MoonPay's recent acquisitions also include Helio, Iron, Meso, Decent, and Sodot.
Forte Launches Fairground Testnet With Season 0 XP Campaign
Forte Protocol has introduced its Fairground waitlist and launched early access for its decentralized perpetuals exchange built on Arbitrum. The platform is rolling out Season 0 of its XP program in 6 days, focusing on testnet trading activity as the core engagement mechanism.
Users who join and get approved receive 10,000 testnet USDC daily plus gas support, allowing them to interact with the platform without capital risk. XP rewards are distributed in 24h epochs from a fixed pool, based on trading activity and participation.
Forte positions itself as “compliance infrastructure” for crypto applications, aiming to support regulated-grade tooling for onchain markets. However, details around tokenomics, long-term incentive structure, and mainnet rollout remain limited at this stage.
Coinbase Taps Centrifuge to Power Tokenization on Base
Coinbase has made a strategic investment in Centrifuge, strengthening its role as a key tokenization partner for Base. The move supports Coinbase’s vision of bringing real-world assets (RWAs) onchain, including ETFs, credit funds, and structured products.
Centrifuge provides a full-stack solution for tokenization, offering infrastructure, compliance tools, yield APIs, and DeFi integrations. Combined with Coinbase’s distribution across retail and institutional users, the partnership aims to accelerate the adoption of tokenized financial products.
Bank of Italy Calls to Explore Tokenized SEPA Payments Framework
A senior official at the Bank of Italy called on the European Union to explore a tokenized extension of SEPA, aiming to modernize existing payment infrastructure. Deputy Governor Chiara Scotti highlighted tokenization as an increasingly relevant direction for Europe’s financial system.
SEPA already processes massive volumes, with non-cash transactions reaching €116 trillion in H1 2025 (+2.9% YoY), according to the European Central Bank. A tokenized layer could enhance interoperability and adapt the traditional two-tier monetary system to new technological environments.
Phi to Shut Down After 4 Years, Services Ending May 25
Phi announced it will wind down operations, with phibox and related services going offline on May 25, 2026. Users are advised to claim rewards, unstake assets, and organize holdings ahead of the deadline.
The project confirmed that PHI will remain on-chain and tradable via Aerodrome Finance, though liquidity is expected to decline unless supported by the community.
Coinbase Cuts 14% of Workforce to Accelerate Shift Toward AI-Native Operations
Brian Armstrong announced a ~14% workforce reduction, citing market volatility and rapid AI-driven productivity gains. Despite strong positioning, Coinbase is restructuring early to stay lean and efficient during the current crypto downturn.
The company highlighted a major shift toward AI-native operations, where smaller teams can achieve significantly more. Engineers now ship in days what previously took weeks, while non-technical staff increasingly contribute to production-level workflows.
Top DeFi Protocols by 30-day Total Value Locked growth
Among the top performers are Bitway, a capital gateway connecting on-chain liquidity with global markets, RockawayX, a risk curator on Morpho and other DeFi lending protocols, and KPK, an asset manager for DAOs, institutions and capital allocators.
DTCC to Launch Tokenized Securities Platform in October
DTCC, the main clearing and custody infrastructure behind U.S. capital markets, will begin live tokenized securities trading in July, with a broader rollout planned for October. The platform will support digital issuance of assets already held in custody, including major equities, ETFs, and U.S. Treasuries.
Unlike synthetic exposure, these tokenized securities keep the same ownership rights and legal protections as traditional assets. The launch follows SEC no-action relief granted in December, allowing DTCC to move forward with tokenization for a defined set of securities.
DTCC processes trillions of trades daily and holds custody of more than $114T in securities, making this one of the most significant institutional tokenization moves so far. The platform is being developed with input from over 50 firms, including BlackRock, Goldman Sachs, JPMorgan, Circle, and Anchorage