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

RaveDAO's market cap plummeted by $6.6 billion after ZachXBT urged exchanges to investigate potential price manipulation. The token's value has dropped by 98% since the investigation began, causing concern among investors and industry experts.

In the past week, digital asset investment products experienced significant inflows, with Bitcoin leading the way with $1.12 billion. Ethereum also attracted $328 million, while XRP and Solana saw outflows of $56 million and $2.3 million, respectively.

Over $15 billion has been withdrawn from DeFi as North Korean hackers stole nearly $600 million in a month. The attacks are becoming more sophisticated, impacting major DeFi apps like Aave, Morpho, and Sky.

Ripple unveiled a roadmap to make the XRP Ledger quantum-resistant by 2028 in response to Google's research on potential quantum computer threats to blockchain cryptography by 2032. The company plans to test quantum-resistant cryptography and collaborate with Project Eleven for development acceleration.

Polymarket is in discussions to secure $400 million at a $15 billion valuation, with plans to attract more investors. Intercontinental Exchange invested $600 million last month, totaling $1.6 billion, strengthening their partnership. The prediction market industry is gaining institutional support despite regulatory challenges.

Coinbase has expanded its lending service to U.K. customers, allowing them to borrow USDC stablecoins using Bitcoin or Ethereum as collateral through the Morpho protocol on Base. Borrowing limits vary by collateral type, with Bitcoin holders able to access up to $5 million in USDC.

Kelp DAO plans to dispute LayerZero's blame for a $290 million exploit, arguing that the compromised infrastructure was LayerZero's, not a third-party verifier. The exploit targeted LayerZero's servers, not Kelp's core restaking contracts, and Kelp's emergency pause prevented further losses.

BitMine Immersion Technologies recently acquired 101,627 ETH, nearing the 5 million ETH milestone, with total holdings valued at over $11.5 billion. Despite reporting significant losses, the firm remains optimistic about the end of the crypto winter.

KAIO, a tokenization firm regulated by Abu Dhabi, raised $8 million in funding from Tether and other investors to develop infrastructure for traditional funds on blockchain. The company plans to expand into credit, structured investments, and exchange-traded funds, aiming to lower investor barriers to entry.

Strategy made its largest Bitcoin purchase in over 16 months, acquiring $2.54 billion worth of BTC last week. The firm now holds around 815,000 Bitcoin, valued at approximately $61.4 billion at Bitcoin's price of $75,400.