Charles Schwab Plans to Introduce Prediction Markets With Cboe for Wagering on the S&P 500's Performance: WSJ

Gemini has obtained a Derivatives Clearing Organization license from the CFTC, enabling the exchange to internally settle prediction market wagers and derivatives trades. This license allows Gemini to expand its product offerings, potentially including more complex products like perpetual futures.

Andean Medjedovic, accused of stealing $65 million from DeFi protocols, is linked to recent money laundering activities. A pseudonymous blockchain investigator expressed concern over Medjedovic's confident actions and called for accountability. Medjedovic, a former math prodigy, has been on the run since 2021 and is seeking a presidential pardon.

Coinbase's asset management arm is launching the Coinbase Stablecoin Credit Strategy (CUSHY) fund, offering onchain access through a tokenized share class on platforms like Ethereum and Solana. This move reflects the increasing intersection between traditional credit markets and crypto infrastructure, with stablecoin transactions growing significantly in recent years.

World Liberty Financial's token, WLFI, dropped 18% following a controversial governance vote that some critics labeled a "scam." The vote, which quickly passed, faced accusations of being rigged due to the disproportionate distribution of tokens among voters.

AllUnity has extended its euro-backed stablecoin, EURAU, to the Solana blockchain to offer faster settlement and lower transaction costs for euro-denominated transfers. This move aims to support real-time cross-border payouts and facilitate trading, lending, and treasury management using a stable euro unit.

Wasabi Protocol, a DeFi platform, lost $4.55 million due to an exploit where attackers gained admin privileges. The exploit involved upgrading vaults to drain funds using the UUPS upgradeability pattern. Wasabi lacked timelock or multisig protection, leaving a single key in control.

DOGE's price has climbed nearly 10% over the past week, with open interest in DOGE futures reaching the highest level this year. Market observers believe various catalysts are contributing to the demand for the token, leading to an increase in active addresses and positive Grayscale flows.

Arthur Hayes believes Hyperliquid's foray into prediction markets, driven by the HYPE token, will offer users unique benefits compared to competitors like Polymarket and Kalshi. Hyperliquid's HIP-4 proposal introduces event trading with zero fees, aiming to leverage its large user base and advanced technology infrastructure.

Sen. Thom Tillis of the Senate Banking Committee hinted at a potential vote on the Clarity Act, a crypto legislation crucial for the industry's legalization in the US. The bill faces disputes, including the contentious issue of stablecoin rewards, delaying its progress.

Meta has introduced a crypto payment system allowing content creators in Colombia and the Philippines to receive earnings in USDC stablecoin via popular wallets like MetaMask and Phantom. The company clarified that they are not issuing a Meta stablecoin but utilizing Circle’s USDC, the second-largest stablecoin.