Stablecoin issuer Tether has announced its role as the lead investor in Neura Robotics’ recent Series C funding round. The funding round, which raised an estimated $1.4 billion, included Qualcomm, Amazon, and NVIDIA among other investors.

 

 

By investing in Neura Robotics, Tether is extending its influence beyond the digital asset industry, enabling it to deploy some of its core technologies into the humanoid robotics ecosystem. The partnership also enables the integration of Tether’s Wallet Development Kit and Tether’s self-custody wallets into the Neura Robotics system.

 

Through this integration, Tether provides a foundation that enables Neura Robotics to develop robotic systems that earn micropayments for tasks, transact with other robotic systems, and autonomously facilitate transactions and receive payments between machines without human intervention.

 

As part of its partnership, Neura Robotics will collaborate on testing, improving, and deploying Tether’s QuantumVerse Automatic Computer, known as QVAC, into its Neuraverse ecosystem. QVAC is Tether’s open-source, decentralized artificial intelligence platform that enables users to run and fine-tune large language models directly on their devices without relying on cloud servers.

 

“As robotics moves beyond scripted automation and into true autonomy, the infrastructure behind it must evolve as well,” said Paolo Ardoino, chief executive officer of Tether.

 

“Autonomous machines need the ability to process information locally, make decisions, and transact without relying on centralized intermediaries. QVAC brings that edge-first intelligence to the platform while WDK handles the secure financial layer. Together, they enable machines to execute tasks, account for outcomes, and operate independently. NEURA Robotics shares that vision, and this investment reflects our confidence in what autonomous robotics can become.”

 

About Neura Robotics 

NEURA Robotics is a German-based high technology company that positions itself as a pioneer in cognitive robotics and Physical Artificial Intelligence. It develops artificially intelligent machines that can perceive (see, hear, feel), learn, adapt, and collaborate safely with humans.

 

So far, the company has developed some cognitive humanoid robots, including MAiRA, MiPA, and 4NE1. It has also developed Neuraverse, an open ecosystem and platform that enables robots to share skills, continuously learn, and expand their capabilities.

 

 

Kraken has been named the official cryptocurrency exchange supporter of the FIFA 2026 World Cup, which is scheduled to begin on June 11.

 

In a blog post announcing the partnership, Kraken said the collaboration will allow it to leverage its digital technology to enhance the fan experience for the global audience expected to tune in to this year’s World Cup tournament, which will be hosted across three countries: Canada, Mexico, and the United States. The tournament is expected to reach more than 6 billion people worldwide.

 

 

“Innovation has always played a central role in how FIFA evolves and enhances the fan experience. As we prepare to welcome the world to the biggest FIFA World Cup in history, we are delighted to partner with Kraken, an organization that shares our commitment to innovation and technology,” said Romy Gai, FIFA Chief Business Officer.

 

“Together, we look forward to exploring new ways to connect supporters with the tournament, creating memorable experiences that bring fans closer to the game and the moments that make the FIFA World Cup so special.”

 

With Kraken becoming the official cryptocurrency exchange supporter of this year’s World Cup, the company said it will deliver a series of fan-focused product experiences across North America and Europe. Kraken said the initiatives are designed to introduce new audiences to digital assets while strengthening the connection between football engagement and financial participation.

 

About Kraken 

Kraken is one of the world’s oldest global cryptocurrency exchanges. Launched in 2011, the exchange operates as a full-service digital asset platform offering spot trading, margin trading, futures, staking, over-the-counter services, tokenized equities, and stocks. Its mission is to accelerate the global adoption of crypto by enabling broader access to financial services and promoting financial inclusion.

 

Since its launch, Kraken has grown to serve millions of users worldwide. Its services are currently available in more than 190 countries and serve over 13 million users globally. To provide non-U.S. users with access to U.S.-listed stocks and IPO opportunities, Kraken launched xChange, a platform that offers tokenized representations of real U.S. stocks and exchange-traded funds to eligible non-U.S. users.

 

 

Morpho, a leading decentralized finance lending protocol, has raised $175 million in a funding round led by Paradigm, a16z crypto, and Ribbit Capital. Other firms involved in the round include Apollo Funds, Circle Ventures, VanEck, Ledger Cathay, Variant, Wintermute Ventures, Prelude, IOSG, HashKey, Mirana, NJJ Capital, SBI Group, Bpifrance, and Bam Azizi.

 

 

With the funds raised, Morpho aims to further deepen its technical and commercial integrations with strategic partners and continue its mission of developing and strengthening the on-chain infrastructure businesses need to build programmable credit products.

 

“The true value of finance has always been held back by outdated infrastructure, fragmented systems, and extractive intermediaries,” says Paul Frambot, co-founder of Morpho. “We started Morpho to change that. We’re building the open credit network for the world, connecting those with excess capital to those who need financing globally.”

 

About Morpho 

Morpho is a leading decentralized, permissionless lending protocol operating across Ethereum, Base, and other EVM-compatible blockchain networks. Launched in 2021, Morpho aims to efficiently connect lenders and borrowers globally through its decentralized credit network.

 

Morpho claims to have facilitated more than $11 billion in deposits since its launch. Its decentralized lending platform is currently used by several institutional clients, including Bitwise, Galaxy, Anchorage Digital, Ledger, Trezor, Bitpanda, Coinbase, Kraken, and Binance. In total, Morpho has raised more than $244 million, with a valuation of approximately $2 billion.

 

The State of DeFi Lending

On-chain lending remains one of the largest and most mature sectors in decentralized finance. According to data from DeFiLlama, the total value locked in DeFi lending across more than 600 protocols stands at approximately $35.5 billion to $35.8 billion, with Aave, Morpho, and SparkLend holding the largest market shares in the sector.

 

Institutional adoption in DeFi lending has also accelerated significantly, with blockchain protocols such as Morpho launching Morpho Blue and MetaMorpho vaults, which allow easier integration of the Morpho platform with other centralized finance and institutional platforms. SparkLend has also launched dedicated products targeting institutional clients.

 

Several other companies, including Gemini, Crypto.com, Fireblocks, Bitwise, J.P. Morgan, and VanEck, have also become involved in institutional DeFi lending through partnerships or the launch of DeFi lending products.

 

 

MetaMask, one of the major cryptocurrency wallets, has rolled out MetaMask Agent Wallet, a non-custodial wallet that enables AI agents to autonomously execute DeFi activities such as swaps, perpetuals trading, prediction markets, and liquidity provisioning.

 

 

According to the MetaMask team, the new wallet is designed for crypto native traders, automators, and builders who already understand on-chain workflows and want these tasks executed by agents. Because the wallet supports multiple agentic platforms, users are not required to adopt a single framework. Compatible platforms include OpenClaw, OpenAI Codex, Claude Code, Nous Research Hermes Agent, and Cursor.

 

"The next great expansion of the on-chain economy will not be driven by humans alone. Machine intelligences will increasingly transact, coordinate, and verify one another on crypto rails because crypto protocols are uniquely well designed for autonomous actors," Consensys co-founder Joseph Lubin said in a statement.

 

"Agents will manage real capital and make real financial decisions, and the infrastructure underneath has to be worthy of that. MetaMask Agent Wallet is the first agent wallet built with comprehensive full-stack security for that world, one where agents act with autonomy, security is mandatory, and the person behind the agent stays in control."

 

To maintain a high level of wallet security, MetaMask has implemented several security mechanisms, including a Trusted Execution Environment (TEE) that protects users' private keys.

 

The MetaMask team has also implemented Transaction Simulation, which allows users to preview the outcome of a transaction before it is sent on chain; Transaction Shield Threat Scanning, powered by Blockaid, which detects potential threats before execution; Smart Transactions MEV Protection, which scans transactions for potential Maximal Extractable Value (MEV) exploitation; and Transaction Protection Coverage, which provides coverage of up to $10,000 per month. These mechanisms are designed to ensure that AI agents operate within defined security constraints while maintaining a degree of autonomy.

 

The MetaMask Agent Wallet will initially be available to a limited group of traders and developers through an early access program. The program will provide access to two operating modes: Guard Mode, the default with stricter controls, and Beast Mode, with fewer restrictions.

 

The launch of the new self-custodial wallet comes shortly after MetaMask co-founder Dan Finlay announced his departure from the company, citing a desire to spend more time with his family. Consensys, MetaMask's parent company, also recently partnered with SG FORGE, a subsidiary of French banking group Société Générale, to integrate the USDCV stablecoin into the MetaMask wallet.

 

 

Binance is winding down its centralized non-fungible token (NFT) platform and has instructed users to move their NFT assets before July 3, 2026.

 

Although the shutdown was framed as an "upgrade" by the exchange, users have been urged to transfer their NFT assets from the Binance NFT marketplace to the Binance Wallet, which the exchange says will now support NFT custody.

 

 

Users holding transferable NFT assets have been given one month's notice, until July 3, 2026, to move their NFTs to either their Binance Wallet or any other compatible wallet of their choice, or risk losing access to any NFTs that remain unwithdrawn.

 

As for users holding non-transferable NFTs, those assets will neither be withdrawable nor transferable because they were originally coded to prevent withdrawal and transfer. However, Binance said through Binance Academy that it will issue PDF certificates to users who have completed courses on the Binance Academy platform.

 

To facilitate the prompt withdrawal of NFTs from its marketplace, Binance said it will reimburse 1 USDC to up to 100,000 users withdrawing general NFTs from the platform. The 1 USDC reimbursement represents the estimated cost of withdrawing a single NFT. For users holding CR7-themed NFTs, Binance said it will refund the full withdrawal fees.

 

Declining NFT Market

The NFT market has experienced a dramatic decline in recent years, falling sharply from its 2021 and 2022 peaks. At its height, the market was valued at an estimated $17 billion to $24 billion, with monthly trading volume surpassing $4 billion.

 

However, market conditions have changed significantly, and the sector has fallen to historic lows. The global NFT market is currently valued at approximately $1.5 billion, representing a decline of more than 90% from its 2022 peak. Monthly trading volume has also dropped substantially and now ranges between roughly $400 million and $720 million, well below the peak level of more than $4 billion recorded in 2022.

 

Several NFT platforms, including Magic Eden, X2Y2, Zora, and Nifty Gateway, have either scaled back parts of their operations, significantly reduced their activity, or shifted their focus away from the NFT market, citing the sector's prolonged downturn.

 

Cryptocurrency exchange OKX has launched Exchange OS, a major protocol upgrade built on X Layer, its EVM-compatible Layer 2 network, allowing developers, institutions, and ecosystem participants to create spot, perpetual, and outcome markets.

 

 

Exchange OS is designed to address fragmented infrastructure, one of the biggest obstacles limiting the expansion and adoption of on-chain finance.

 

“While blockchain enabled open asset issuance, the infrastructure for trading, settlement, margining, and liquidity remains siloed across disconnected venues and applications,” Star Xu wrote in a blog post. “Builders still face the same tradeoff: rely on centralized infrastructure or rebuild complex exchange systems from scratch,” he added.

 

By launching Exchange OS, OKX aims to create a shared market infrastructure that enables developers and institutions to launch new trading experiences efficiently while maintaining flexibility in core areas, including risk controls, compliance, market structure, and frontend design.

 

Exchange OS moves core exchange functions, including matching, margining, liquidation, settlement, and risk management, to the protocol layer of X Layer, creating a shared execution environment that allows developers to build different types of markets within a single environment.

 

Using the configurable components of Exchange OS infrastructure, developers and institutions can create trading venues, or marketplaces where trading takes place. As a result, Exchange OS enables developers to build customized trading platforms.

 

With Exchange OS, users can deploy trading venues permissionlessly via the X Layer Improvement Proposal for Exchange OS (XIP Exchange OS), choosing their own assets, oracle systems, revenue models, and compliance frameworks without requiring approval from a centralized entity. Regulated institutions can also launch fully KYC-compliant trading platforms.

 

Exchange OS also serves traders by enabling a unified account and margin system across spot, perpetual, and outcome markets, allowing capital to move seamlessly between markets rather than being trapped across fragmented platforms.

 

OKX to Debut Trading Venue on Exchange OS

To demonstrate its commitment to the newly launched Exchange OS platform, OKX will launch the first trading venue on Exchange OS.

 

“In June, we will launch the 2026 World Cup Outcomes, a simulated outcome market deployed directly on the infrastructure. We wanted to build on the system ourselves before opening it more broadly because the best way to demonstrate open market infrastructure is to use it in production first,” OKX said in a blog post.

 

 

Indonesia’s Ministry of Communication and Digital Affairs has blocked access to Polymarket, the world’s largest prediction market platform, and plans to block all social media accounts affiliated with it.

 

According to Alexander Sabar, Director General of Digital Space Supervision, platforms that facilitate money-based betting on specific outcomes or events are still categorized as online gambling, even if they are presented as prediction markets.

 

“The government will not allow any form of online gambling in Indonesia. Activities like Polymarket involve betting and speculation on uncertain outcomes, thus violating Indonesian law,” Sabar said in Central Jakarta, one of the country’s main administrative areas.

 

The agency also said the decision to block Polymarket is intended to protect younger users and the broader public in the digital space, and added that it will block access to other platforms that facilitate online gambling activities in the country.

 

Prior to the ban, Polymarket had a limited user base in Indonesia. However, it gained greater visibility between May 20 and 21 of this month when it launched a contract on whether President Prabowo Subianto would leave office early. The contract drew significant attention in Indonesian digital spaces, attracting roughly 51,000 dollars in trading volume within days of its launch.

 

Global Crackdown on Prediction Markets Continues

Regulators' crackdown on the activities of prediction market companies continues to intensify. Just last month, Brazil’s National Monetary Council (CMN), together with other government agencies and regulators, blocked Polymarket, Kalshi, and 27 other prediction market platforms from operating in the country. This came shortly after a court in Buenos Aires reportedly ordered a ban on Polymarket in Argentina.

 

Other countries in Europe, including France, Belgium, Germany, Italy, Poland, Portugal, and Hungary, have either banned or heavily restricted the activities of Polymarket, Kalshi, and other prediction market companies within their jurisdictions.

 

In the United States, several state regulators have taken action against prediction markets, with Minnesota most recently imposing a comprehensive ban on them. At least 17 states, including Illinois, New York, and Ohio, have issued cease-and-desist orders against prediction market companies.

 

 

Flipcash, a digital payment app founded by Ted Livingston, the founder of messaging app Kik, has partnered with Coinbase to launch USDF, a stablecoin pegged to the U.S. dollar.

 

 

According to Coinbase, the launch aims to make stablecoin issuance more accessible. Through the partnership, Flipcash can leverage Coinbase’s custom stablecoin platform to create its own stablecoin asset without having to handle much of the underlying technical complexity itself. As a result, Flipcash does not need to build an entire stablecoin infrastructure from scratch.

 

The USDF stablecoin will be issued on the Solana blockchain and will be 1:1 backed by USDC. It will also serve as Flipcash’s native currency. Since Flipcash allows users to create their own digital currencies, USDF will be the asset in which those currencies are priced and settled. It will serve as the settlement asset for trading digital currencies within the Flipcash app.

 

Coinbase’s Custom Stablecoin Platform 

Coinbase custom stablecoin, or stablecoin as a service, is a platform launched by Coinbase in 2025 that allows businesses to easily create and issue their own branded stablecoins backed by the United States dollar.

 

As the stablecoin market continues to grow and gain institutional adoption, Coinbase launched its stablecoin platform to make it easier for businesses to enter the stablecoin market, reducing the technical and compliance work associated with issuing stablecoins.

 

Stablecoins launched on Coinbase’s custom stablecoin platform, including USDF, which is the first stablecoin created on the platform, will maintain a 1-to-1 backing with USDC and will be supported across multiple chains, including Base and Solana.

 

About Flipcash 

Flipcash is a Solana-based non-custodial mobile wallet and digital payment app created by Canadian entrepreneur Ted Livingston in 2021.

 

It was created to digitize cash and make peer-to-peer payments as frictionless as possible. Through its “Currency Creator” feature, which officially went live last month, Flipcash allows anyone to create a fixed supply of digital currencies.

 

 

Deloitte, one of the Big Four professional services firms, has acquired Blocknative, a crypto infrastructure company, in a talent acquisition deal following Blocknative’s plan to wind down its operations.

 

The acquisition is not a full company buyout but rather a transfer of Blocknative’s talent pool to Deloitte, with the former Blocknative team set to drive Web3 innovation across Deloitte’s client portfolio.

 

 

The move, according to Blocknative, is aimed at leveraging blockchain and cryptographic technology to address the trust, coordination, and verification problems that hinder enterprise adoption of agentic artificial intelligence, particularly as several traditional financial institutions, including JPMorgan, Goldman Sachs, and Morgan Stanley, develop their own agentic AI solutions.

 

“This chapter of our work in the ecosystem is coming to a close: on mempool visibility, transaction orchestration, block building, MEV auctions, private order flow, transaction pricing, and more,” said Matt Cutler, Blocknative founder and chief executive officer.

 

“That work was shaped by our customers, the protocol teams, wallet builders, researchers, and institutions who pushed for better answers.”

 

With Blocknative winding down its operations, the company has announced that it will shut down its application programming interface (API) services on June 19, 2026, alongside its gas network, which relies on the API. Teams and companies that depend on the Blocknative API have been advised to begin migration planning, including testing, swapping, and confirming operational readiness, before the June 19 deadline.

 

The shutdown of Blocknative comes amid a wave of crypto company closures over the past few months. The last quarter saw more than 20 crypto companies restructuring or shutting down due to declining market conditions, high operational costs, and strategic pivots toward artificial intelligence, including Dmail, Balancer Labs, Magic Eden, and Tally.

 

About Blocknative 

Blocknative is a San Francisco-based blockchain infrastructure company that specializes in real-time observability and optimization tools for public blockchains, particularly Ethereum and other EVM-compatible Layer 1 and Layer 2 networks.

 

Before its planned shutdown, Blocknative had raised around 34 million dollars from investors and built a decentralized oracle gas network that provides real-time gas pricing data across more than 40 networks.

 

It has also served several notable blockchain companies, including the Ethereum Foundation, Curve Finance, and Tally.

 

 

Stablecoin infrastructure startup Checker has just raised over $8 million across pre-seed and seed funding rounds to accelerate development of its stablecoin network.

 

The funding round was led by Galaxy Ventures, Al Mada Ventures, and Framework Ventures, with participation from Onigiri, IGNIA, Cerulean, Aquanow, Commerce Ventures, Pharsalus Capital, SNZ Capital, DFS Lab, Breed, Overlook, Velocity, Bitso Business, and AirTM.

 

Other angel investors involved in the round include Stripe, Tala, Flutterwave, Mesh, ComplyAdvantage, and Superstate, among others.

 

 

With this new funding, the Checker team aims to accelerate its global expansion plans while building a credit infrastructure embedded within its platform that allows users to lend and borrow without always having to pre-fund their accounts. The team also plans to automate its operations by building AI agents to handle treasury management, back office operations, and predictive analytics, all aimed at helping the platform scale efficiently.

 

Another goal for the Checker team is to solve the fragmentation problem currently facing stablecoin infrastructure. Despite the growing adoption of stablecoins and tokenized assets, liquidity fragmentation, operational complexity, and compliance hurdles continue to hamper large-scale adoption, particularly among institutions.

 

While institutions have adopted several makeshift solutions to work around these hurdles, such solutions are often difficult to maintain and scale. This is the problem Checker aims to solve.

 

Through its single API, institutions can launch and scale products across trading, payments, treasury, and credit markets. Institutions do not need to worry about integrating multiple providers into their platforms, as Checker abstracts these complex integration processes into a single API connection.

 

About Checker 

Checker is a stablecoin infrastructure startup that allows financial institutions access to stablecoin and fiat liquidity through its single API platform. Its platform currently supports over 75 currencies, supporting over 50 liquidity providers, including exchanges, OTC desks, and banks. 

 

Since its launch, Checker has processed several billion dollars, processing over 43 billion within its first 12 months of operation. It also serves several financial institutions across the US, Europe, Latin America, Africa, and Asia, notable among them are Rail, which was acquired by Ripple, and Brasa Bank in Brazil.

 

 

Fredrik Haga, CEO and co-founder of crypto analytics firm Dune, has revealed the firm’s plan to lay off a quarter, or 25%, of its staff, citing AI investments as the reason for this decision.

 

 

“We’re restructuring Dune to sharpen our focus around the core data products thousands of customers across the crypto industry rely on. That unfortunately means we’ve let 25% of the team go this week. These are exceptional people I can wholeheartedly recommend. Ping me if you’re hiring top crypto talent,” Haga wrote in a post on X.

 

The decision to lay off some of its staff, according to Haga, is driven by the firm’s plan to accelerate more quickly with AI, with Dune positioning itself as the only firm to have built an end to end stack for crypto data. Its stack performs key roles in data ingestion, quality assurance, storage, cleaning, normalizing, and querying.

 

“With Dune MCP, teams and agents can now build dashboards and workflows without needing to know anything about SQL or data infrastructure and associated costs,” Haga said. Dune Model Context Protocol, or MCP, is an open protocol that allows AI tools to connect to external data sources in a structured way. It automates much of the manual work associated with data use.

 

By cutting its workforce, Dune aims to double down on AI and its end to end crypto data stack, including its model context protocol, which is already being used by some of the industry’s biggest players such as Polygon Labs, 1inch, Base, OP Labs, Blockworks, and COW Protocol.

 

Tech Layoffs Continue to Rise

Layoffs, especially in the tech and crypto sectors, continue to rise. According to a recent survey, about 81,000 layoffs were recorded in the first quarter of 2026, the highest since 2023, with the number reaching more than 100,000 by early May.

 

Several crypto companies have reduced their workforces in recent months. Coinbase most recently cut 14% of its workforce, laying off about 700 employees. The company cited a volatile crypto market and a strategic shift toward artificial intelligence focused operations as reasons for the layoffs.

 

Other companies, including Crypto.com, Gemini, Algorand Foundation, and Block, have also reduced their workforces. Many of these firms have pointed to a volatile crypto market and a broader strategic pivot toward artificial intelligence as contributing factors to the cuts.

 

 

The Ethereum Foundation has appointed Will Corcoran, Kev Wedderburn, and Fredrik as co-leads of its protocol cluster, following the departure of some of its prominent engineers.

 

“While Barnabé and Tim are moving on from the Ethereum Foundation soon, and Alex Stokes will be on sabbatical, the Protocol cluster, as it exists today, is in large part due to their work. Under their coordination, Protocol launched tracks and helped to ship Fusaka to mainnet in December 2025, introducing PeerDAS and raising the mainnet gas limit on the path to 200M and beyond,” the foundation wrote in a blog post.

 

“Tim, Barnabé, and Alex shaped Protocol in ways that will outlast their time as cluster leads. We are grateful, and we are looking forward to what each of them takes on next.”

 

What to Know About the New Co-Leads

Will Corcoran is a research coordinator within the protocol, with experience working on zkVM proving, post quantum consensus, and the Fast Confirmation Rule. He has also facilitated numerous community calls, breakout rooms, and in-person protocol events, giving him a deep understanding of how the protocol works.

 

Kev Wedderburn leads the zkEVM team in the protocol and has experience working at the intersection of research and engineering, while Fredrik leads the protocol’s security and has been deeply involved in cross-cluster work.

 

About the Protocol Cluster 

The protocol cluster, often called the protocol, is the core group within the Ethereum Foundation responsible for designing, researching, coordinating, and developing Ethereum's base layer, or L1, blockchain protocol. After its rebranding in 2025, it had one goal: to tackle Ethereum's biggest challenges.

 

To address these challenges, the protocol prioritizes three main areas: enhancing Ethereum's scalability, improving user experience, and strengthening the security and resilience of the Ethereum blockchain network.

 

The protocol also oversees several technical domains, including AllCoreDevs meetings, cryptography, prototyping, security, zkEVM, and peer-to-peer systems. It is currently working on Glamsterdam, the next major Ethereum L1 upgrade, which will introduce features such as enshrined proposer builder separation, known as ePBS under EIP 7732, and gas repricing to support higher gas limits.

 

The restructuring of the Ethereum protocol comes shortly after key figures in the foundation, Josh Stark, last month, and Tomasz K. Stańczak, more recently, left the protocol. Other developers within the foundation have also departed to join other Layer 1 blockchain projects such as Tempo.