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ChainCatcher reports that, according to Finsmes, Zurich-based domain registrar Freename has announced the completion of a $6.5 million Series A funding round, led by Entrée Capital with participation from Polymorphic Capital. Seed round investors Sparkle Ventures, Blockchain Founders Fund, and Golden Record Ventures also continued to invest. Angel investors in this round include Mike Lobanov, co-founder of Target Global, the Rashwan Family Office, and former Custody CEO of a major exchange, Aaron Schnarch. Freename, led by CEO Davide Vicini and COO Mattia Martone, is dedicated to bridging traditional internet and blockchain through its proprietary DNS technology, enabling users to create custom top-level domains and profit from the sale of subdomains. According to Web3 asset data platform RootData, Freename is a TLD (top-level domain) and domain registration platform that allows users to search for and register/create any type of TLD. On Freename, users can build their own Web3 domain name ecosystem and earn passive income from royalties.

According to a report by Cointelegraph cited by Jinse Finance, U.S. District Judge Jessica Clarke has denied the motion to dismiss filed by brothers Anton and James Peraire-Bueno, ruling that their actions—manipulating Ethereum network MEV bots to steal $25 million in cryptocurrency—constitute wire fraud. The MIT graduate brothers exploited this unprecedented vulnerability in just 12 seconds, executing a four-step plan of "baiting, blocking, searching, and propagating," and set up 16 Ethereum validators to carry out the scheme. Although the brothers argued that their actions complied with the system’s code rules, the judge found that the government had sufficiently alleged their conduct met the standard for fraud. The case is currently in the pretrial motion stage and is expected to go to trial in October 2025.