Kraken’s parent company reportedly offered $385 million for a 15% stake in Aave Labs, valuing the protocol at roughly 30% of its fully diluted token value. Aave founder Stani Kulechov rejected the deal, citing $134 million in annualized protocol revenue and previewing Aavenomics 3.0, which includes an automated buyback mechanism to return value to token holders.
OpenAI is pushing its IPO to 2027 rather than accept a sub-$1 trillion valuation, with CEO Sam Altman calling the $1 trillion floor non-negotiable. SpaceX’s recent IPO underperformance and OpenAI’s missed revenue targets have amplified concerns about how markets would receive another high-profile AI listing at a stretched valuation.
Circle and Nomura are launching a joint venture to build a corporate digital asset payment platform in Japan, enabling yen-to-USDC conversions for cross-border payments with potential launch in 2027. The partnership leverages Japan’s regulatory approval of USDC and could collapse multi-day settlement windows into single on-chain transactions.
Microsoft raised Xbox prices to $500 and $800 due to AI infrastructure competing for memory supply, not hardware upgrades. The shortage has driven component costs up 2.5x, forcing console makers to abandon their traditional below-cost pricing model.
Base experienced a roughly two-hour outage Thursday when an invalid block triggered a consensus failure, halting all transactions until the team restored operations within 50 minutes. The incident highlights a critical structural weakness: single-sequencer designs keep fees low but mean one software fault can freeze the entire chain until manual intervention.
Polish and US law enforcement arrested four people for orchestrating SIM swap attacks that stole roughly $15 million from cryptocurrency exchanges. The group’s sophisticated method involved compromising telecom IT systems and using social engineering to gain insider access, enabling attacks at scale across the supply chain.
Polymarket has suffered its third major security breach in six months, losing nearly $3 million as stolen collateral was swapped and routed to a single address. The incidents reveal a structural vulnerability: airdrop speculation is driving users toward phishing schemes faster than the platform can address them.
Iran proposes converting the Strait of Hormuz into a toll route, demanding ships pay $40 billion annually for security and environmental services. The U.S. and regional allies have swiftly rejected the plan, warning it would set a dangerous precedent for global waterways.
Tesla is hiring 1,000 workers at its Berlin factory to boost production to 7,500 vehicles weekly by October, part of a strategic shift toward Europe where EV demand surges. The expansion, creating 3,500 jobs total, comes as US EV sales plummeted 27% while European market share nearly tripled.
Memory chip prices surged 98% in Q1 2026, and Micron locked in elevated pricing through 2030. Apple raised MacBook and iPad prices Thursday, with iPhones expected to follow before fall as component costs hit historic highs.
