MoonPay has acquired Israel-based crypto security infrastructure provider Sodot, forming the foundation of its new institutional unit led by former CFTC Acting Chair Caroline Pham. Crypto payments platform MoonPay is launching an institutional unit after acquiring Sodot, an Israeli crypto security infrastructure provider. MoonPay on Wednesday announced the acquisition of Sodot, using Sodot’s key management technology as the core infrastructure layer of its new business serving financial institutions, asset managers, trading firms and exchanges entering digital asset markets. "We built MoonPay to be the world's leading crypto payments network,” MoonPay co-founder and CEO Ivan Soto-Wright said in a press release, adding that its institutional arm is the next stage for the company. Read more
A new report by Bitget Wallet and Polymarket found that retail users are driving repeat activity on prediction markets, signaling a shift from one-off bets to continuous engagement. Prediction markets are becoming one of the most active onchain applications, with retail users driving most activity even as participation across much of the broader digital asset market remains subdued. According to a new report by Bitget Wallet and Polymarket, monthly trading volume reached $25.7 billion in March, with more than 80% of users classified as retail, defined as those trading less than $10,000. The figures are broadly consistent with data from Dune Analytics, which recorded $23.7 billion in March trading volume, up from $1.9 billion a year earlier. Read more
Flying Tulip’s Andre Cronje says circuit breakers can give teams time to respond during abnormal outflows, while Curve’s Michael Egorov warns they may create new human vulnerabilities. Andre Cronje says much of decentralized finance is “no longer DeFi” in the strict sense, as builders debate whether circuit breakers and other emergency controls are now necessary to protect users from exploits. The Flying Tulip founder told Cointelegraph in an interview that many protocols are no longer immutable public goods, but rather “teams running for-profit businesses” with upgradeable contracts, offchain infrastructure and operational controls. That shift changes the security model, he said. While early DeFi protocols were mostly defined by immutable smart contracts, newer systems often depend on proxy upgrades, multisigs, infrastructure providers, admin processes and human response teams, according to Cronje. Read more