In this weekly recap, we cover:

• Binance’s Massive User Rescue: The exchange rolls out a $728 million relief package after a flash crash and token depegs rock the market.
• DOJ’s Record Bitcoin Seizure: U.S. authorities confiscate $15 billion in BTC from a Cambodia-based “pig butchering” ring.
• BlackRock’s Tokenization Push: Larry Fink unveils plans to tokenize ETFs as Citi and JPMorgan expand their crypto offerings.
• SBF’s Political Claim: The FTX founder alleges his arrest was orchestrated to block his testimony on a crypto bill.
• Nobel Bets Under Investigation: Norwegian officials probe a potential leak after Polymarket traders profit from early Nobel Prize bets.
• Hyperliquid’s Decentralized Leap: HIP-3 upgrade opens permissionless perpetual trading on the growing DEX platform.
• Celsius vs. Tether Settlement: Celsius secures $300 million in bankruptcy court, closing a key chapter in its long legal saga.
• Fun Bits – Paxos Mints $300 Trillion by Mistake: A decimal error turns a $300K transaction into $300 trillion. Paxos burns it all — and probably a few blushes too.