Ether.fi said in a Wednesday announcement it will migrate its non-custodial ether.fi Cash card product from Scroll to OP Mainnet. Over the coming months, the team plans to move ~70,000 active cards, ~300,000 accounts and millions in user TVL, citing OP Mainnet's liquidity, broader asset access and the ability to cover gas fees.

On Wednesday, crypto exchange Kraken said it purchased token management platform Magna, its sixth acquisition in the last 12 months. Magna, launched in 2021 and valued at $70 million in its most recent round, specializes in managing vesting schedules, airdrops and token allocations and reportedly reached a peak TVL of $60 billion in 2025.

On Friday, Grayscale submitted a filing to the U.S. Securities and Exchange Commission to transform its closed-end AAVE trust into an exchange-traded fund that would trade on NYSE Arca. The planned product would charge a 2.5% sponsor fee on NAV, paid in AAVE, and use Coinbase as custodian and prime broker, while AAVE itself holds a market cap of about $1.8 billion at a price of $119.

Dreamcash said Tether made a strategic investment in the team behind its Hyperliquid mobile frontend after 10 USDT0‑collateralized real‑world asset perpetual markets were announced on Friday. The rollout uses Hyperliquid’s HIP-3 standard with Selini Capital providing liquidity, and Dreamcash plans $200,000 in weekly incentives for its CASH markets.

DraftKings has introduced 2026 revenue guidance of $6.5 billion to $6.9 billion, citing planned investment in its DraftKings Predictions event betting platform. The standalone app, launched in December under CFTC oversight and active in 38 U.S. states, underpins the company's strategy to acquire millions of new customers. The softer outlook coincided with a 15% drop in DraftKings' share price in after-hours trading.

Coinbase said in a Wednesday blog post that it is rolling out "Agentic Wallets," infrastructure built to let autonomous AI agents hold funds, send payments, trade tokens, earn yield, and transact onchain. The tool initially supports EVM chains and Solana, offers gasless transactions on Base Layer 2, and adds security guardrails and a CLI for management.

Bo Hines, who leads Tether's U.S. unit, said at a Wednesday Bitcoin Investor Week event that the company expects to climb into the top 10 purchasers of U.S. Treasury bills, citing demand for USDT and the launch of USAT. Tether's latest attestation shows 83.11% of reserves in T-bills, exceeding $122 billion, alongside broader growth metrics for USDT.

On Monday, crypto exchange Backpack outlined a tokenomics framework that links the release of its 1 billion‑supply utility token to specific growth milestones and a future IPO. The plan allocates 25% of tokens to the token generation event, including 240 million for Backpack Points users and 1 million for Mad Lads NFT holders, while another 37.5% will remain locked for at least one year after the company goes public. The structure aims to limit insider selling and align token circulation with measured business expansion.

The MegaETH Foundation announced on Friday that it will channel yield generated by its native USDM stablecoin into ongoing purchases of MEGA tokens. USDM, designed with MegaLabs and Ethena and backed by USDtb reserves tied to BlackRock's BUIDL fund, will help fund these buybacks as circulating supply and ecosystem usage grow. The foundation also detailed performance-based conditions for the MEGA token generation event, including USDM supply, app launches, and protocol fee milestones.