Cryptonews

Enter Paradigm, the latest hero in this saga, who bravely announced on Monday that they’ve joined the fray. Not alone, of course. They’ve got a whole squad backing them up, including the DeFi Education Fund, the Blockchain Association, Crypto Council for Innovation, the Digital Chamber, the Solana Policy Institute, the Bitcoin Policy Institute, and the Uniswap Foundation. What a party, right? It’s like the Avengers, but for crypto developers. Together, they’ve thrown their collective weight behind Lewellen, saying, “Hey DOJ, stop being so dramatic!”

Aave, that great bastion of DeFi, hath seen its price increase by 6.41% in the past 24 hours, its market capitalization swelling to a most impressive $4.54 billion, based on a circulating supply of 15 million tokens. 📊

The lowdown:

Only a measly $25 million of USDf’s reserves are on-chain, while a whopping $610 million is held off-chain in unspecified assets. According to Falcon’s own data, a mere 15% of reserves are stablecoins, with the remaining 85% vaguely listed as “other.” 🤨

But wait, there’s hope! Enter the Finder panel, a glittering assembly of crypto oracles, furrowing their brows over Cardano’s “strategic focus on scalability and network upgrades.” Translation: the developers are tinkering under the hood. One jazzy addition, named Leios (which sounds suspiciously like a Greek salad), is apparently going to make transactions so speedy and efficient you’ll barely have time to finish complaining about gas fees. If the upgrade works, swarms of developers and users could pour in—assuming they aren’t still recovering from the last bull run.

Oh, look at BLAST! The first Layer 2 network that dangles automatic native yield in your face like a carrot. You don’t have to lock anything up, which sounds great until you realize it might just be a trap. Sure, you’re getting around 4% for ETH and 5% for stablecoins. But let’s not kid ourselves—a flashy marketing spiel doesn’t change the fact that it sometimes feels like a pyramid scheme with a fancy name. Who knew passive income could feel so… judgmental? 🏰

The company filed paperwork with the US Securities and Exchange Commission (SEC) on Tuesday, aiming for approval to introduce the “Crypto Blue Chip ETF” later this year.

Those super cool web3 platforms everyone’s obsessed with? Yeah, they’re still pretty centralized 🤫. The teams behind “community-owned” protocols are like, “Hey, we’re all about sharing power… as long as we’re in charge” 🤣. Token voting systems are basically just a way for rich insiders to get richer 💸. And the communities, the ones who are supposed to be in charge? They’re just along for the ride 🚂.

On Monday, the advocacy group Stand With Crypto, alongside 65 other firms and groups, sent a letter to the US House of Representatives urging lawmakers to support the bipartisan Digital Asset Market Clarity (CLARITY) Act of 2025 as the US approaches a “pivotal crossroad.”

As I’m writing this, POL is trading at $0.2001, with trading volume jumping 71.4% to $92 million and derivatives volume up 67.87% to $83.75 million. Open interest has also climbed 10.98% to $98.7 million. It’s like the whole market is screaming, “Heimdall, we’re coming for you!” 🚫