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The Block

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Crypto treasury firm Forward Industries plans to deploy funds in Solana DeFi protocols
Solana treasury firm Forward Industries raised $1.65 billion in a private placement led by Multicoin Capital, Galaxy Digital and Jump Crypto....

Ethereum stablecoin supply hits record $166 billion, bolstering role as DeFi’s settlement base
The total stablecoin supply on Ethereum climbed to an all-time high of $166 billion as of Saturday, up from $149.5 billion a month earlier....

Nemo Protocol launches debt token program for $2.6 million exploit victims
Nemo plans to repay affected users by allocating recovered funds and portions of liquidity loans and investments into the redemption pool....

Galaxy Digital adds $300 million worth of SOL via Coinbase, Binance: onchain data
Galaxy Digital has also been moving millions of SOL to other addresses, mainly to custody wallets on Fireblocks....

Native Markets team wins Hyperliquid USDH stablecoin bid, eyes test phase ‘within days’
The yield from Native Markets' USDH will be generally directed toward HYPE buybacks and efforts to grow USDH distribution. ...

Pakistan’s crypto regulator invites crypto firms to get licensed, serve 40 million local users
Pakistan is looking for crypto firms who have already been regulated in major jurisdictions to serve its 40 million crypto users with Sharia-compliant service....

Tether’s ‘hedge-and-expand’ US strategy puts Circle on defense in market shake-up, tests oversight versus privacy
The launch is set to shake up the stablecoin market and potentially test the balance between privacy and oversight....

Shibarium bridge suffers ‘sophisticated’ flash loan attack, with $2.4 million drained
Shiba Inu developers offered a bounty to the attacker in exchange for the return of the funds, as investigations into the incident continue. ...

Ethereum Foundation sets end-to-end privacy roadmap, with private writes, reads and proving
The Ethereum Foundation's PSE team outlined a roadmap for making private transactions on Ethereum as ubiquitous and cheap as public ones. ...

Derive co-founder proposes 50% DRV token supply increase, diluting holders by 33%
Derive co-founder Nick Forster argues the token mint is necessary for the onchain exchange to compete with industry leader Deribit. ...