Aug 28: Euler Hits $3B in TVL While Sandbox Crashes Out

HEADLINESEuler emerges as DeFi’s super app — TVL jumps from $189M to $2.9B in 2025, driving $6M annualized revenue and backed by 40+ audits.Visa-backed Rain raises $58M Series B — Scaling stablecoin-powered debit/credit card infrastructure, with transaction volume up 10x this year.Solana validators weigh Alpenglow upgrade — New consensus aims for 150ms finality, higher resilience, and efficiency under heavy activity.The Sandbox implodes — Founders ousted, 125+ layoffs, global office closures, and $SAND down 95% with only a $100–300M treasury left.U.S. Commerce Dept. uploads GDP data on-chain — First-ever federal macro data published to Bitcoin, Ethereum, Solana, and more, partnered with Chainlink and Pyth.Little BitsJump Trading alums raise $20M for aPriori — Pushing HFT infrastructure into DeFi, now $30M total funding with Pantera, HashKey, IMC, and others.Pantera Capital plans $1.25B Solana public vehicle — Aims to double all current public company SOL holdings combined.Tornado Cash devs get $500K legal aid — Solana Policy Institute funds appeal of money laundering convictions.Kanye’s YZY token collapses — Over 50K wallets lose, while 11 wallets make $1M+ in profit during the rug.Don’t miss the DailyCryptoNews podcast on Spotify & Substack — daily 20-minute episodes Mon–Fri.Follow us on Twitter: @DCNDailyCrypto. Check the Substack for all top stories.WHERE TO FIND DCNdailycryptonews.nethttps://twitter.com/DCNDailyCryptoEMAIL or FOLLOW the HostEmail: [email protected]*****Magic Newton Wallethttps://magic.linkTrader Cobb X: @TraderCobbhttps://www.thegrowmeco.com/Editing Serviceshttps://www.contentbuck.com——————————————————————***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! Hosted on Acast. See acast.com/privacy for more information.