An investor in Goldfinch, a decentralized credit protocol backed by Andreessen Horowitz, publicly alleged the project mismanaged over $50 million in user funds. The investor said borrower defaults and failed restructurings make it highly unlikely depositors will recover their money. One day after the post, Goldfinch said it would enter a wind-down process.

A wallet tied to Sergei Potapenko and Ivan Turõgin’s HashFlare fraud became active for the first time in more than three years. The activity comes as federal prosecutors appeal what they call a “lenient” sentence and press for 10-year prison terms for the two Estonian nationals. The case centers on a $577 million crypto-mining Ponzi scheme that prosecutors say defrauded 440,000 investors.

Strive Inc. (NASDAQ: ASST) bought 759 Bitcoin between June 15 and June 21 at an average price of $65,850 per coin. The company spent roughly $50 million, lifting its total holdings beyond 19,800 BTC, according to an 8-K filing disclosed on June 22. The latest per-coin price was about 11% lower than Strive’s major Bitcoin purchase in May.

Privacy blockchain Namada said an exploit cost it roughly $600,000, draining nearly all value from its multi-asset shielded pool and adding to a series of security failures across the Cosmos ecosystem this year. Namada confirmed the breach on June 20 in a post on X, saying its team was investigating the issue and coordinating with relevant parties. The project also asked the attacker to return the funds and invited any white-hat hacker involved to contact the team.

The Ethereum Name Service DAO published a “temp check” proposal on June 19 to restructure how the organization operates. Authored by katherine.eth and posted to the ENS governance forum, the proposal argues the current setup pushes token voters into operational decisions they are not positioned to make. It would keep protocol-level control with tokenholders while moving day-to-day management—including registration revenue, treasury management, grants, and working-group coordination—to the ENS Foundation.

A pseudonymous Polymarket analyst known as Car has pushed back on a Bloomberg report that flagged specific wallets and labeled tens of millions in trading volume as suspicious. In a thread, Car said Bloomberg’s analysis relied on flawed methodology and misread on-chain data. He also argued the publication overstated winnings and built a case that does not hold up.

Microsoft is carving out an unusual role in the U.S.-China AI rivalry by selling OpenAI’s GPT models to major Chinese internet companies through its Azure cloud service. With OpenAI and Anthropic declining to enter China directly, firms such as ByteDance, Ant Group and Tencent can still access their technology via Microsoft. At the same time, some U.S. developers are moving to lower-cost Chinese models such as DeepSeek. Beijing is also rolling out new policies aimed at speeding AI adoption across the broader economy.

Grayscale Research says AAVE looks undervalued, estimating a baseline fair value of $80–$100 and a bull-case target of about $175 within one year if rules around tokenized real-world assets become clearer. The report projects roughly $60 million in protocol revenue this year using a discounted cash flow approach and notes AAVE was trading near $77 at the time cited. Grayscale also said it has pursued an SEC-approved Aave ETF, following its October 2024 launch of the Grayscale Aave Trust.

Syscoin said it has recovered and destroyed 5 billion SYS tokens that an attacker minted by exploiting a flaw in the project’s cross-chain bridge. The burn restored the token supply to its pre-exploit levels, but the bridge remains offline. The team has patched the vulnerability and said cross-chain transfers will stay suspended while additional validation is completed.