Rolling crypto market coverage, DeFi developments, Bitcoin and Ether moves, ETF demand, policy updates, and infrastructure launches.
Tom Lee's Bitmine significantly reduced its weekly Ethereum purchases, adding just 7,430 ETH, as the firm redirected capital towards an $86 million share buyback. This strategic shift comes as Bitmine approaches its ambitious goal of holding 5% of Ethereum's circulating supply.
Cross-chain bridge Allbridge has temporarily paused its protocol following a sophisticated $1.65 million flash loan attack that manipulated its Solana stablecoin liquidity pools before funds were siphoned to Ethereum.
The US Senate has unanimously passed a nonbinding resolution opposing any presidential pardon for disgraced FTX founder Sam Bankman-Fried, signaling broad political consensus against clemency for high-profile crypto fraudsters.
France's Autorité nationale des jeux (ANJ) has mandated internet service providers to geoblock Polymarket, citing concerns over illegal gambling and potential market manipulation, marking a significant regulatory move against prediction markets.
A year after its enactment, the GENIUS Act has fundamentally reshaped the stablecoin market, providing a federal regulatory framework that has spurred significant growth and accelerated institutional adoption, despite ongoing implementation challenges.
Crypto executives, including Steakhouse Financial's Adrian Cachinero and Standard Chartered's Naveen Mallela, foresee a future where digital-native generations may bypass traditional bank accounts, opting instead for digital wallets holding stablecoins and tokenized assets.
Polygon Labs has announced layoffs as part of a strategic restructuring, refocusing its operations towards the payments sector following its $250 million acquisition of Coinme and Sequence.
Despite a broader market uplift following recent CPI data, XRP has conspicuously failed to gain momentum, lagging significantly even as Bitcoin consolidates its gains around $64,000.
Japan's House of Councillors has passed Cabinet Bill 57, moving regulated crypto activities under the Financial Instruments and Exchange Act (FIEA), a significant step towards institutional clarity. While a 20% tax on qualifying crypto gains is now legislated, its effective date, potentially as late as 2028, depends on
A government-backed review in the UK warns that judges and magistrates are ill-equipped to handle the impending surge in crypto money laundering and AI-driven fraud cases, signaling potential challenges for justice and regulatory clarity.
The UK government has unveiled a new 'no gain, no loss' rule for specific crypto asset transfers related to lending and liquidity pools, a move expected to impact approximately 700,000 users and significantly streamline tax obligations.
Japan has passed a significant amendment to its Financial Instruments and Exchange Act, bringing digital assets under stringent financial regulations, including new insider trading rules and enhanced oversight.