In this weekly recap, we cover:

  • Circle’s Next Move: The USDC issuer explores a $5 billion sale to Coinbase or Ripple while still eyeing an IPO.
  • Coinbase Under Investigation: The DOJ probes a major cyberattack tied to insider collusion and a $20 million ransom attempt.
  • Sui-Based DEX Hit by Exploit: Cetus Protocol halts operations after a $260 million exploit shakes its DeFi foundation.
  • Argentina Drops LIBRA Probe: President Milei disbands the task force investigating his ties to a failed memecoin.
  • Genesis Takes on DCG: The bankrupt lender files lawsuits seeking $3.1 billion from its parent company.
  • Solana’s Hardware Push: A new SKR token and smartphone debut as part of a decentralized mobile strategy.
  • Solana’s Potential Overhaul: Anza proposes Alpenglow, a sweeping upgrade to Solana’s consensus model.
  • Ripple’s Ghosted Invite: Brad Garlinghouse publicly calls out Senator Lummis after a canceled meeting.
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