MARA Cuts 15% of Workforce After Selling $1.1 Billion in Bitcoin to Pivot Business Focus

ZkLend, a DeFi lending protocol, is shutting down after losing $9.5 million to an exploit and facing delisting of its native token. The losses from hacks and exploits in the crypto industry have surpassed $2 billion in 2025.

Moca Network, a project by Animoca Brands, plans to launch Moca Chain, a layer-1 blockchain for Web3 projects to verify users without centralized platforms. The testnet will start in Q3, with the mainnet later, using MOCA token for various functions.

Senator Cynthia Lummis predicts that U.S. regulations for the crypto sector may take several more months to complete, potentially missing the August deadline set by President Donald Trump. The Senate's recent approval of stablecoin legislation is just one step in the process.

The $1.5 billion hack of Bybit in February led Greek authorities to trace the proceeds to a local crypto exchange. The President of Greece’s Anti-Money Laundering Authority reported a suspicious transaction linked to the hack. Bybit managed to recover some funds, but a portion remains untraceable due to anonymity tools.

ProCap BTC, led by Anthony Pompliano, purchased 1,208 bitcoin at an average price of $105,977 per token, totaling $128 million. This acquisition brings their total bitcoin holdings to 4,932, with plans to hold up to $1 billion in BTC.

DeFi Development Corp. has launched a Dogwifhat validator node on the Solana blockchain in partnership with the community, sharing staking income and block rewards. The initiative aims to grow its "SOL per Share" metric through Solana accumulation and validator operations.

The hacker from Cork Protocol's $12 million exploit sent $11 million in stolen ETH through Tornado Cash and donated $24,000 to the founder's legal fund. PeckShield reported the hacker transferred 4,520 ETH to the mixer and donated 10 ETH to the legal fund.

Near DAO is considering reducing token inflation by halving staking rewards to address the excessive issuance of new tokens. This proposal has sparked debate among stakeholders, with concerns raised about potential negative impacts on the token's price and market dynamics.

Bitcoin treasury companies like Metaplanet in Japan, The Blockchain Group in France, H100 Group in Sweden, The Smarter Web Company in the UK, Strategy in the US, LQWD Technologies in Canada, and Méliuz in Brazil strategically utilize different jurisdictions' laws and tax regimes to structure their balance sheets around Bitcoin. Each country offers unique advantages for capital raising and growth through Bitcoin.

Arizona's House of Representatives approved House Bill 2324, creating a framework for a "Bitcoin and Digital Assets Reserve Fund" funded by seized digital assets. The legislation amends forfeiture laws to cover digital assets like Bitcoin and establishes protocols for seizure and sale.