The Block

SEC crypto FAQ addresses token buybacks, network upgrades and promises of profit Promoting a network’s current uses generally would not create an expectation of profit, SEC staff said.

Blockchain Association CEO Summer Mersinger to step down, Kristin Smith to return as interim CEO The Blockchain Association is switching up its leadership with CEO Summer Mersinger set to step down next month.

Man charged in $16 million crypto ‘massive pig butchering’ scam A man was charged for his role in defrauding someone of millions of dollars' worth of crypto in a "massive pig butchering" scam.

Magic Eden legacy approvals leave $5.7 million in NFTs exposed to exploit before rescue Magic Eden legacy approvals exposed $5.7 million in NFTs to an exploit before whitehats rescued 23,155 tokens.

Aave V4 on Base adds Coinbase tokenized stocks as collateral for USDC loans Aave V4 added Apple, Nvidia, Tesla, and four more tokenized stocks as collateral for USDC loans for non-U.S. users.

Strategy proposes daily dividends for STRC, STRD, STRF and STRK preferred stocks Strategy is seeking shareholder approval to pay daily dividends across its four U.S.-listed preferred stocks.

Ethena expands USDe backing strategy into bStocks and equity perpetuals on Binance Ethena is adding Binance bStocks and equity perpetuals to the basis trade used for USDe's backing strategy.

KelpDAO sues LayerZero, claims it endorsed setup used in $292 million rsETH exploit KelpDAO sued LayerZero and Bryan Pellegrino over the April 18 rsETH exploit, alleging the bridge setup was endorsed in writing.

More than $170 million in crypto moves from Bitget wallets to unidentified address The receiving address has made several swaps, but the reason for the Bitget wallet transfers remains unclear.

Fed proposes reserve limits, capital standards for stablecoin issuers under GENIUS Act The Federal Reserve proposed new measures for stablecoin issuers, including reserve-asset limits and standardized capital requirements.