News linked to both this project and an event.
According to a post by the Newton Foundation (@NewtonFndn), the attacker involved in the recent Binance breach appears to have made an operational error, directly transferring approximately 8 million NEWT tokens, along with 17 other tokens (ANIME, ANKR, ARPA, BARD, CELR, DENT, DOLO, FTT, GLM, HIGH, HOT, KNC, LQTY, RARE, RESOLV, SIGN, WOO) to the NEWT token contract address (0xd0ec028a3d21533fdd200838f39c85b03679285d). Valued at current prices, the total amounts to approximately $3.5 million. The foundation stated that the NEWT token contract itself was not compromised. Featuring an immutable design with no owner or administrator, all management rights were relinquished on-chain in 2025, and upgrade functionality has been permanently disabled. As a result, no one, including the foundation, can retrieve these tokens.
Odaily reports: Decentralized trading and lending platform Dolomite has announced that, through Concrete's BTCcx infrastructure, it has integrated $100 million in Bitcoin-backed collateral into its on-chain lending market and has enabled borrowing functionality based on this collateral. BTCcx is an on-chain token issued and managed by Concrete, representing underlying Bitcoin held in qualified custody by BitGo, deployed on the Ethereum network. Concrete is responsible for the issuance and full lifecycle management of BTCcx and provides it as collateral to Dolomite's actively managed borrowing positions, allowing borrowing to be completed without the need to sell or move the underlying Bitcoin out of custody in advance. Following WLFIcx, this deployment expands the collaboration between Concrete and Dolomite from WLFI to Bitcoin and brings Bitcoin assets into Dolomite's lending market through the AssetCX architecture.
According to The Block, Lee Reiners—a lecturer in law at Duke University and former examiner at the New York Federal Reserve—published a post on May 8 stating that WLFI, the governance token issued by the DeFi project World Liberty Financial—which is closely associated with the Trump family—may constitute an unregistered security. Reiners cited the Securities and Exchange Commission’s (SEC) recently released token classification framework, arguing that WLFI is not a “pure digital commodity” and therefore falls under SEC regulatory scrutiny. He contends that WLFI was publicly presold—approximately 25 billion tokens—prior to the protocol’s launch and was marketed leveraging the Trump family’s brand, leading buyers to reasonably expect profits—a key element of the SEC’s “Howey Test” for determining whether an asset qualifies as a security. Regarding decentralization claims, Reiners referenced litigation filed by Justin Sun, noting that World Liberty unilaterally froze Sun’s tokens and revoked his governance rights—revealing a high degree of centralized control. Additionally, he highlighted clear conflicts of interest: the project borrowed $75 million in stablecoins from the Dolomite protocol, using 5 billion WLFI tokens as collateral; notably, a co-founder of Dolomite also serves as an advisor to World Liberty, and part of the borrowed stablecoins flowed directly to World Liberty itself.