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26 May 2026, 05:41
Ondo Finance Founder Nathan Allman Dies Unexpectedly at 32
Allman founded Ondo in 2021 after previously working at Goldman Sachs and played a major role in the growth of blockchain-based tokenized real-world assets. Under his leadership, Ondo helped bring roughly $3.86 billion worth of tokenized assets on-chain. The company confirmed the news on Monday and announced that Ondo president Ian De Bode will take over as CEO. Ondo Finance Announces Death of Nathan Allman Nathan Allman, the founder and CEO of Ondo Finance and one of the early pioneers of blockchain tokenization, passed away unexpectedly at the age of 32. The company confirmed the news in a statement that was shared on X on Monday, where it described Allman as a visionary whose leadership, humility, and determination helped shape not only Ondo, but also the wider digital asset industry. “It is with profound sadness that we announce the unexpected passing of Nathan Allman, Ondo’s founder,” the company wrote. “Our hearts are with his family and loved ones.” Allman founded Ondo in 2021 after working in the digital assets division at Goldman Sachs. Before that, he also founded ChainStreet Capital, a crypto hedge fund focused on algorithmic and event-driven trading. Through Ondo, Allman played an important role in advancing the tokenization of real-world assets, and helped bring billions of dollars worth of US Treasuries, stocks, and commodities onto blockchain networks. His work also contributed to the growing institutional interest in tokenization technology, including from major financial firms like BlackRock. According to Ondo, more than 111,000 token holders currently own tokenized real-world assets issued through the platform, which today accounts for roughly $3.86 billion in on-chain assets. For many in the industry, Allman represented a new generation of founders focused on bridging traditional finance with blockchain technology in a more practical and accessible way. Ondo president Ian De Bode, who will now step in as CEO, described Allman as both an incredible founder and a close personal friend. “The mission of Ondo, Nate’s mission, has not changed,” De Bode said. “If Nate were here, he would want to continue executing with excellence. We will make him proud.” Ondo’s vice president and head of marketing, Ben Grossman, also remembered Allman as “a once-in-a-generation founder and visionary” whose impact on the people around him and on the industry itself would not be forgotten. The company has not shared details surrounding Allman’s passing. Though Nathan Allman’s life was tragically cut short, his vision, leadership, and contribution to the future of blockchain finance will leave a lasting impact on the industry and the many people he inspired along the way.
26 May 2026, 05:30
Hoskinson Reaffirms Cardano Focus After IO Treasury Proposals Pass
Cardano’s IO-backed Developer Experience Initiative has been ratified after a closely watched treasury vote, giving Charles Hoskinson a fresh governance win at the same time he is publicly trying to re-center his attention on ADA and Midnight. The proposal, a treasury withdrawal request tied to developer tooling and onboarding, was listed by AdaStat as ratified and approved, with 67.90% Yes support against 32.10% No. The vote involved roughly ₳3.72 billion in Yes stake and ₳1.76 billion in No stake, according to the tracker. The governance action had been submitted on April 22, 2026, and expired on May 24, 2026, in Epoch 633, according to Gov.tools. IO Secures Crucial Cardano Funding The result matters because the vote had become more than a routine funding request. Hours before the deadline, Hoskinson wrote that the proposal was “just 0.5% away” from passing and framed the measure as a response to persistent complaints from developers: fragmented tooling, scattered documentation, weak onboarding and a steep learning curve. IO’s own description of the initiative presents it as a six-month, 3.6 million ada push to make Cardano easier to build on, including a one-command project setup, audit-ready smart contract templates, a unified developer portal and support for community tooling. Hoskinson had repeatedly warned that IO may need to wind down parts of its research operation if the proposal did not secure approval. IO has argued that the developer base remains a structural weakness. In a May 18 post outlining the proposal, Robertino Martinez wrote that it has “around 17x fewer developers than Ethereum,” with the gap continuing to widen while Cardano’s developer numbers remain largely flat. The same post said fragmented documentation, unmaintained tools and the absence of a clear onboarding path were causing builders to arrive in “a disjointed and scattered ecosystem.” Hoskinson used the vote’s closing stretch to cast the governance process as evidence that the network’s post-Voltaire system is functioning, even when outcomes are contested. “Cardano is alive. The community is engaged. And that matters more than any single vote,” he wrote. “But this process has shown me something important: Cardano’s governance is real. You are not passive holders. You are owners.” Hoskinson Confirms Cardano Focus The post also moved beyond the single proposal. Hoskinson said the process had reinforced the importance of the so-called Pentad — IOG, EMURGO, the Cardano Foundation, the Midnight Foundation and Intersect — as a coordination layer for the ecosystem. He invited those organizations to “sit down and have a real conversation about the future of governance” and how to formalize that coordination going forward. The timing was notable. Two days earlier, Cowboy State Daily reported that Hoskinson Health & Wellness Clinic in Gillette, Wyoming, would close on July 31, ending an ambitious rural healthcare project backed by Hoskinson. The publication described the clinic as part of a roughly $250 million effort to build what had been billed as the “Mayo Clinic of the West,” and cited clinic leadership as saying the organization was “no longer financially sustainable.” That background gave Hoskinson’s post a sharper edge. He did not mention the clinic closure directly in the Cardano governance statement, but he addressed questions about his focus. “I am 100% focused on Cardano and Midnight. Always have been. Let me prove it,” he wrote. He also said he would attend the Cardano Summit in Singapore and appear on stage, while personally committing to partially top up Cardano and Midnight’s Token2049 sponsorship to Title level. “Being on that main stage is where Cardano and Midnight need to be heard,” Hoskinson said. Cardano Funding Round Delivers Mixed Result The broader treasury round showed that Cardano’s new governance system is willing to split the ticket. Several IO-led proposals passed, including the Developer Experience Initiative, Cardano Upgrades, the Consensus Initiative and Cardano High Assurance Technical Collaboration. But others did not. IO’s maintenance proposal with Ensurable Systems and its Plutus proposal with VacuumLabs both expired just short of the 67% DRep threshold, while the L2 Scalability Initiative with Midgard Labs, Blockfrost’s indexing proposal and Pogun’s Bitcoin DeFi funding request failed by wider margins. That makes the result harder to frame as a simple endorsement or rejection of IO. DReps backed some core protocol and developer-experience work while withholding approval from other infrastructure, maintenance and ecosystem-spending requests. At press time, ADA traded at $0.2446.
26 May 2026, 05:05
BitForex Founder Garrett Jin Adds $11M in HYPE Amid Exchange Fraud Scrutiny
BitcoinWorld BitForex Founder Garrett Jin Adds $11M in HYPE Amid Exchange Fraud Scrutiny Garrett Jin, the founder of the now-defunct cryptocurrency exchange BitForex, has purchased an additional 184,182 HYPE tokens valued at approximately $11 million, according to blockchain analytics firm Onchain Lens. The transaction, executed today, adds to a series of high-risk leveraged positions Jin is reportedly maintaining across multiple digital assets. Background on BitForex and Fraud Allegations BitForex was once a prominent cryptocurrency exchange, but it collapsed amid serious allegations of fraud and mismanagement. The platform was accused of misappropriating user funds and engaging in deceptive trading practices, leading to its shutdown and significant financial losses for its users. Jin, as the founder, has been a central figure in the ensuing investigations, with authorities in multiple jurisdictions looking into the exchange’s operations. The current purchase of HYPE tokens raises questions about the source of funds and the timing of such a large transaction given the ongoing legal scrutiny. Details of Jin’s Current Crypto Positions Beyond the HYPE acquisition, Onchain Lens reports that Jin is maintaining a $38.98 million long position in Bitcoin (BTC) with 5x leverage, entered at an average price of $77,394. He also holds a $37.63 million long position in Zcash (ZEC) with 3x leverage, with an average entry price of $626. These positions indicate a high-risk trading strategy, particularly for an individual facing serious legal challenges. The use of leverage amplifies both potential gains and losses, and such large positions could be subject to liquidation if the market moves against him. Implications for the Crypto Community This development is significant for several reasons. First, it demonstrates that Jin remains active in the cryptocurrency market despite the legal turmoil surrounding BitForex. Second, the scale of his positions suggests he still has access to substantial capital, which may be of interest to regulators and law enforcement. For investors and traders, this serves as a reminder of the risks associated with centralized exchanges and the importance of due diligence. The news also highlights the ongoing challenge of tracking and recovering funds from fraudulent platforms, as well as the opacity of large crypto transactions. Conclusion Garrett Jin’s latest $11 million HYPE purchase, combined with his significant leveraged positions in BTC and ZEC, underscores the complex and often opaque nature of the cryptocurrency market. As legal proceedings against BitForex continue, this activity will likely draw further scrutiny from regulators and the broader financial community. Readers should monitor official announcements from relevant authorities for updates on the BitForex case. FAQs Q1: What is BitForex and why is it considered fraudulent? BitForex was a cryptocurrency exchange that shut down after being accused of misappropriating user funds and engaging in deceptive trading practices. The platform is now the subject of multiple investigations. Q2: What are leveraged positions in cryptocurrency trading? Leverage allows traders to borrow funds to increase their exposure to an asset. For example, 5x leverage means a trader can control a position five times larger than their initial capital. This amplifies both profits and losses. Q3: Why is Garrett Jin’s activity newsworthy? Jin’s continued trading activity, especially with large sums and high leverage, raises questions about the source of his funds and his financial status amid ongoing fraud investigations related to BitForex’s collapse. This post BitForex Founder Garrett Jin Adds $11M in HYPE Amid Exchange Fraud Scrutiny first appeared on BitcoinWorld .
26 May 2026, 05:00
Bitcoin: Why are traders linking 5.14% treasury yields to a BTC supercycle?
Rising yields, debt pressure, and the liquidity shock driving Bitcoin’s macro cycle.
26 May 2026, 04:45
Ondo Finance founder Nathan Allman dies aged 32
Ondo Finance says its founder, Nathan Allman, died unexpectedly, with company president Ian De Bode to serve as CEO.
26 May 2026, 04:10
Stable Launches Morpho-Powered Treasury Service for Fintech Firms and Neobanks
BitcoinWorld Stable Launches Morpho-Powered Treasury Service for Fintech Firms and Neobanks Stable (STABLE), a Layer 1 blockchain designed specifically for the world’s largest stablecoin USDT, has introduced a new treasury management service called StableEarn. The service, first reported by Tech in Asia, aims to provide neobanks, fintech companies, payment providers, and individual users with a structured way to earn yield on their digital assets. How StableEarn Works The first StableEarn vault is built on Morpho, a decentralized lending protocol known for its efficiency and capital optimization. DeFi risk management firm Gauntlet oversees the vault’s asset allocation and risk parameters, ensuring the strategy remains within defined safety thresholds. The vault’s underlying strategy leverages products from Theo, a platform specializing in real-world asset (RWA) tokenization. These include thBILL, a token representing U.S. Treasury bills; thGOLD, a yield-bearing token backed by physical gold; and thUSD, a stablecoin collateralized by gold derivatives. Target Audience and Accessibility StableEarn is designed for institutional and semi-institutional users, including neobanks, fintech firms, and payment service providers. By offering access to tokenized versions of traditional financial instruments like U.S. Treasury bills and gold, the service bridges the gap between decentralized finance (DeFi) and conventional asset management. Individual users can also participate, broadening the potential user base. Why This Matters for the DeFi Ecosystem The launch of StableEarn reflects a growing trend within the blockchain industry: the convergence of DeFi with real-world assets. By integrating tokenized Treasury bills and gold, Stable is providing a yield-generating option that carries the stability of traditional financial instruments. This approach could attract more conservative institutional capital that has been hesitant to engage with purely speculative DeFi strategies. Gauntlet’s involvement adds a layer of professional risk management, which is critical for gaining trust from regulated financial entities. Conclusion Stable’s introduction of StableEarn represents a practical step toward making DeFi more accessible and trustworthy for mainstream financial players. By combining Morpho’s lending infrastructure, Gauntlet’s risk oversight, and Theo’s real-world asset tokens, the service offers a structured yield opportunity tied to familiar assets like U.S. Treasuries and gold. As the line between traditional finance and decentralized systems continues to blur, services like StableEarn could play a key role in onboarding institutional users into the blockchain economy. FAQs Q1: What is StableEarn? StableEarn is a treasury management service launched by Stable (STABLE) that allows users to earn yield on their assets through a vault built on the Morpho lending protocol. It uses tokenized real-world assets like U.S. Treasury bills and gold. Q2: Who can use StableEarn? The service is available to neobanks, fintech companies, payment providers, and individual users. Q3: What assets back the StableEarn vault? The vault’s strategy includes thBILL (U.S. Treasury bill token), thGOLD (gold-backed yield-bearing token), and thUSD (gold derivative-based stablecoin), all issued by the real-world asset tokenization platform Theo. This post Stable Launches Morpho-Powered Treasury Service for Fintech Firms and Neobanks first appeared on BitcoinWorld .
