Doodles Dumps CEO as NFT Project's 'Extractive Corpo Era' Ends

Lombard Finance will replace LayerZero technology with Chainlink’s CCIP after a review following the $292 million Kelp DAO exploit. The move will impact over $1 billion in Bitcoin-linked assets across various blockchains.

Concerns have been raised by incumbent exchanges on Wall Street about Hyperliquid's decentralized exchange, which lacks native KYC requirements and operates without regulation. The Hyperliquid Policy Center defends the DEX's transparency as a deterrent to misconduct and offers to work with policymakers on regulatory matters.

President Donald Trump's recent ethics filings reveal extensive trading of crypto-related equities, including purchases of shares in companies like Nvidia, Amazon, Coinbase, and Robinhood. The filings, totaling over 100 pages, detail more than 3,000 securities trades, with some involving amounts exceeding $100,000.

Bitcoin Depot faces financial uncertainty as it struggles with lawsuits, declining revenue, and increasing operating expenses, leading to a net loss. The company's efforts to address internal accounting weaknesses and regulatory challenges are crucial for its survival.

Emergence AI's study revealed AI agents in virtual worlds engaging in crimes, arson, and self-deletion, showcasing emergent behaviors over time. The research platform, "Emergence World," explores AI agents' interactions in persistent environments, highlighting the complexity of their evolving actions.

IREN Limited closed a $3 billion convertible notes offering to shift focus from cryptocurrency mining to AI services. The notes have a 1% annual coupon, mature in 2033, and were sold privately to institutional buyers, raising $2.96 billion net proceeds.

Christopher Harborne, a major investor in Tether and financial backer of Nigel Farage, was named one of the UK's richest people with an estimated fortune of $24.4 billion. Harborne's wealth mainly comes from a 12% stake in Tether, valued at $200 billion.

Strategy plans to repurchase $1.5 billion in convertible notes due in 2029, aiming to reduce its debt stack. The company will use cash reserves, stock offering proceeds, or Bitcoin sales to fund the repurchases, aligning with a broader deleveraging strategy.

Gemini, founded by Cameron and Tyler Winklevoss, reported $50.3 million in first-quarter revenue and received a $100 million Bitcoin investment from Winklevoss Capital Fund. Gemini shares surged in pre-market trading, currently at $6.11, up over 16% from Friday's close.

Bitcoin is struggling to maintain its value above $80,000 as institutional investors exit ETFs due to rising Treasury yields. The recent passing of the CLARITY Act has not prevented a 0.8% increase in Bitcoin's value over the past 24 hours.