Solana decentralized exchange Orca and lending protocol Loopscale are merging into a single company called Formation, the two teams announced Wednesday.
Investors who chased last year’s crypto run are now licking their wounds and speaking up. Retail and institutional holders are leaning into activism at companies built around stockpiling tokens after losses swelled to about $50 billion.
The UK Financial Conduct Authority has issued final guidance requiring crypto firms to reassess their permissions before applications open on Sep. 30 for a regulatory regime taking effect in October 2027.
