The Block - 2026-05-24
3 items collected.
1. NYT investigation alleges CFTC purged staff who questioned Trump-tied crypto firms
Author: Zack Abrams
Published: 5/24/2026, 8:42:59 PM
Categories: People, Policy, Regulation, CFTC, Donald Trump
Two officials who intervened to help three firms win approvals over staff objections, per the NYT, have since taken jobs at MoonPay and Gemini Titan.
2. Vitalik Buterin says Ethereum Foundation will be a ‘smaller ship,’ sell less ETH amid researcher exodus
Author: Zack Abrams
Published: 5/24/2026, 6:01:27 PM
Categories: Crypto Ecosystems, Layer 1s, People, Ethereum, ethereum-foundation
Buterin said the EF is choosing "longevity over breadth," selling less ETH and focusing exclusively on Ethereum's "CROPS" properties.
3. StablR’s EURR and USDR depeg after attacker mints $13.5 million in unbacked tokens through multisig exploit
Author: Zack Abrams
Published: 5/24/2026, 3:08:39 PM
Categories: Crypto Ecosystems, Security, Stablecoins, Exploits, StablR
EURR fell to $0.85 and USDR fell as low as $0.40 after an attacker dumped roughly $10.4 million in face value on decentralized exchanges.