
Drift Outlines Recovery Plan for Users After $295M DPRK-Linked Exploit
Solana perpetuals exchange Drift published a recovery plan for users after a $295M exploit that on-chain investigators have linked to North Korean actors.
Listen to narrated articles from the SpendNode Journal. The feed covers crypto policy, payment rails, stablecoins, market structure, and crypto cards, with each episode linking back to the full written analysis. The full RSS feed lives at /audio.xml if you want to pull it into an app that accepts external feeds.


Solana perpetuals exchange Drift published a recovery plan for users after a $295M exploit that on-chain investigators have linked to North Korean actors.

SoFi is launching SoFiUSD on Solana, citing low cost and fast settlement. The bank-chartered fintech now joins a growing list of US issuers.

Morgan Stanley will roll out spot crypto trading on its wealth management platform later in 2026, alongside tokenized assets and ETF integration.

Andreessen Horowitz closed $2.2B Crypto Fund 5, a narrower crypto vehicle focused on stablecoins and onchain finance.

Coinbase is cutting 14% of headcount and experimenting with one-person teams as it restructures around AI tooling, the company confirmed on May 5, 2026.

Spanish lenders Sabadell and Bankinter plan to join a euro stablecoin consortium alongside nine other European banks under MiCA, per Expansion.

Coinbase rolls out support for self-managed super funds in Australia, giving SMSF trustees direct crypto access inside a retirement pool worth over $1 trillion AUD.

Aave raised the GHO borrow cap to 150 million on its Core instance, signaling steady demand for the protocol's native stablecoin as DeFi TVL hits records.

Aave is fighting a $71M crypto seizure motion tied to KelpDAO funds and a North Korea debt claim, arguing the protocol has no custody over the disputed ETH.

Tetra Trust has launched CADD, a CAD-pegged stablecoin issued by a federally regulated trust company and backed by Shopify and National Bank of Canada.