• US vs Storm trial ends with MTB conviction.

• Aave releases the V3 dev toolkit.

• Pendle launches a funding rate trading protocol.

• Cosmos Health $300 million ETH reserve strategy.

In the U.S. v. Storm trial, the jury convicted Roman Storm of conspiracy to operate an unlicensed money transmitting business, a charge that carries a maximum sentence of five years. The jury was unable to reach a verdict on the charges of conspiracy to commit money laundering and conspiracy to violate sanctions, leaving possible re-prosecution by the U.S. government. Neeraj Agrawal, Director of Communications at Coin Center, noted that the charge contradicts FinCEN’s own guidance. He called the outcome a significant setback for developers of non-custodial software, such as those building DeFi applications. Prosecutors requested that Storm be taken into custody ahead of sentencing, but Judge Katherine Failla denied the request, referencing that Storm has an incentive to stay and appeal.

Aave launched the Aave V3 Developer Toolkit, a new suite that includes an SDK, React Hooks, and an API. The toolkit enables developers to integrate Aave markets and deploy vaults into their apps. Apps can connect to lending pools based on specific risk profiles, and offer users the ability to earn yield or borrow against their assets. MetaMask recently integrated Aave to bring DeFi yield directly into its wallet, giving its 100 million users access to Aave yield opportunities without leaving the app. Aave is the largest DeFi protocol with over $60 billion in TVL.

Pendle Finance, a tokenized yield protocol, launched Boros, a new platform for trading funding rates. Now live on Arbitrum One, users can trade BTC and ETH funding rates on Boros. Similar to Pendle's Yield Tokens, users can speculate on or hedge funding rate yields using Yield Units. Each yield unit represents the funding yield of one unit of the collateral asset until maturity. Liquidity providers can also earn through Boros Vaults, which earns yield from Pendle incentives, swap fees, and APR movements. At launch, Boros has a $10M Open Interest cap per market and a 1.2x leverage limit. In the future, Boros aims to expand into traditional assets, including bonds and equities.

Cosmos Health Inc. (NASDAQ: COSM) announced a $300 million financing facility to launch its strategic Ethereum treasury reserve. Following in the footsteps of companies like BitMine, SharpLink, BTCS Inc., and BitDigital, Cosmos Health plans to accumulate ETH as part of a broader strategy to boost ETH-per-share and enhance long-term shareholder value. The company will stake its ETH through crypto custodian BitGo. A total of 3 million ETH, valued at over $11 billion, is already held in strategic ETH reserves.

• Ethereum L1 hits ATH tx count

• Linea offers free bridging

• Hester Peirce supports financial privacy

• Next chapter of interop

• Storm guilty verdict on 1 of 3 counts

• Takeaways from Storm verdict

• DEF will support Storm's appeal

• Herd launches Trails

• PYUSD transfer value

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