DeFi
Polygon Proposes Token Switch From MATIC to POL for More Utility
If approved by the community, POL will work as a multipurpose token that can be used to validate multiple Polygon-based networks.

Stader Labs Debuts Ether Staking Product With 6% Yield
Node operators can begin staking with just 4 ETH on Stader compared to the currently required 32 ETH.

BNB Chain to Tackle Blockchain Exploit Risks in Major July Hard Fork
The upgrade will push security measures immediately on the occasion of a blockchain exploit to safeguard user assets.

A Second Round of the Lummis-Gillibrand Crypto Bill Elevates CFTC, Defines DeFi
Last year’s prominent U.S. crypto legislation from a bipartisan pair of senators is back for a reboot that imagines a less prominent role for the SEC than Chair Gary Gensler has in mind.

Cross-Chain Protocol Axelar to Develop Web3 Services With Microsoft Azure
Axelar said further plans with Microsoft include connecting private and public blockchains that use OpenAI services to create Web3 products.

Aave DAO to Vote on Gho Stablecoin Deployment on Ethereum
Gho has been available on the Ethereum blockchain’s Goerli testnet since February, where it has functioned without encountering any major bugs.

DeFi Protocol Holding 55% of Algorand Value to Shut Down
Algofi will close following a sharp drop in activity on the Algorand blockchain.

What Mastodon’s Critical Bug Fixes Say About Crypto’s Security Vulnerabilities
Crypto protocols are often multi-billion dollar bug bounties, for better or worse.

BOND Token Slumps 10% as BarnBridge Faces SEC Investigation
“All work on BarnBridge-related products should stop,” an appointed legal counsel said in a Discord message viewed by CoinDesk.

Exploit of Fantom, Moonriver and Dogechain Crypto Bridges Confirmed by Multichain Team
“It is recommended that all users suspend the use of Multichain services and revoke all contract approvals related to Multichain,” developers said early Friday.

