CrediX's team has gone silent after hackers stole $4.5 million in crypto from the DeFi protocol. CertiK reported the team missing, with the protocol inactive and website offline for four days. Stability DAO is pursuing legal action to recover the lost funds.

Ripple Labs Inc. has emerged victorious in the legal battle against the U.S. Securities and Exchange Commission, with the XRP Army feeling validated in their belief of being on the "right side of history." Ripple denied allegations of participating in an unregistered securities offering, leading to a significant drop in XRP's value.

Euphoria, a MegaETH-based crypto derivatives trading app under development, has raised $7.5 million in seed funding, aiming to become a "breakout" consumer app for the crypto market.

The $7.5 million raise includes a $2.5 million pre-seed round raised in November 2024 and a $5 million seed round raised between February and July this year, Nathan Worsley, co-founder and CEO of Euphoria, told The Block. Structured as a simple agreement for future equity (SAFE) with token warrants, the rounds bring Euphoria’s post-money equity valuation to the "upper 8 figures," Worsley said.

The seed round was led by Karatage, with Figment Capital and Robot Ventures — both pre-seed co-leads — also following on. Other participants included Bankless Ventures, First Commit, Hash3, Comfy Capital, and Kosmos Ventures, as well as more than 100 angel investors. Notable angels included Kain Warwick (Infinex), Santiago Santos (Inversion), Sanat Kapur (Dragonfly), Frank Chaparro (GSR), Steven Zheng (The Block), Daryl Lau (LayerZero), Sandra Leow (Kaito), Ogle (Glue / World Liberty Financial), and Gabriel Haines.

Web3-powered AI project Perle has raised an additional $9 million in a seed round led by Framework Ventures. This brings the startup’s funding to a total of $17.5 million as it looks to build a product that “rewards users for reviewing and contributing accurate data sets to AI systems.”

With the fresh injection of capital, Perle will launch Perle Labs, a product using blockchain rails and incentives for user payments and onchain attributions in an attempt to improve how AI models are trained. Perle offers "curated" data and human reviewers, according to its website.

“As AI models grow more sophisticated, their success hinges on how well they handle the long tail of data inputs — those rare, ambiguous, or context-specific scenarios,” said Ahmed Rashad, CEO of Perle and former Scale AI employee. “By decentralizing this process, we can unlock global participation, reduce bias, and dramatically improve model performance.”

The SEC and Ripple Labs Inc. have closed their legal dispute over the sale of XRP tokens, with both parties withdrawing their appeals and agreeing to bear their own legal costs. Ripple will pay a $125 million civil penalty placed in escrow, to be transferred to the U.S. Treasury.

Bitcoin has rebounded to around $117,500 after President Trump nominated economist Stephen Miran for the Federal Reserve Board. Miran, a known Bitcoin supporter, is expected to bring easier policy, causing market speculation on potential inflation risks.

Meta has removed over 6.8 million WhatsApp accounts tied to "pig butchering" scams in Southeast Asia this year, part of efforts to combat crypto theft by organized crime syndicates. The company proactively detects and shuts down accounts linked to scam networks in countries like Cambodia, Myanmar, and Thailand.

MetaMask is set to launch a stablecoin called mmUSD in partnership with Stripe, aiming to become the primary trading pair for its ecosystem. The proposal was leaked after a governance post for Aave mentioned integrating mmUSD, which is expected to enhance the MetaMask experience.

The Delhi High Court has ordered Zettai Pte Ltd, the owner of WazirX, to disclose its acquisition agreement with Binance and restructuring scheme details following a $235 million hack. The court intervention reflects growing scrutiny over WazirX's ownership structure and recovery efforts post-cyberattack.

BitMine Immersion Technologies plans to repurchase up to $1 billion of its common stock to support its Ethereum treasury pivot, aiming to hold 5% of Ethereum's total supply. The company currently holds 625,000 Ethereum valued at about $2.4 billion.