Regulation
US sanctions Cambodian senator alleged to be behind crypto scam centers as crackdown widens
Over 500 "fraudulent web domains used to perpetuate cryptocurrency investment fraud" were also seized, OFAC said.
CryptoClub.cc
Regulation
US Bankers association push for 60 day pause to stop stablecoin rules going live
US banking groups are pressing regulators to slow parts of the federal rollout of the GENIUS Act, opening a new front in their broader fight over how far stablecoins should be allowed to move into territory long dominated by bank deposits. On April 22, the American Bankers Association (ABA) and thre
Exchange
Founder of Solana Token Launchpad Believe Arrested on Assault, Strangulation Charges
Benjamin Pasternak faces criminal charges following an investor class action lawsuit and accusations of breaching an OTC token deal.
Security
DeFi Just Lost $15 Billion in Three Days. Something Deeper Than a Hack Is Behind It
DeFi is having one of its most difficult weeks in recent memory. What started as a single exploit on April 19 has since cascaded into a system-wide liquidity shock that has rattled confidence across the ecosystem and raised questions that go well beyond the incident itself. Related Reading: Another
Security
JPMorgan says persistent security flaws curb DeFi’s institutional appeal
JPMorgan has identified ongoing security vulnerabilities as a major barrier preventing institutional adoption of decentralized finance (DeFi) protocols. In a new research report, the banking giant highlighted persistent smart contract exploits, flash loan attacks, and governance token manipulation as key risks that continue to plague the DeFi ecosystem. The bank&
Market
FTX estate misses out on $3B Cursor stake value after $200K sale in 2023
The FTX estate sold its Cursor stake for $200K in 2023, now worth $3B after a SpaceX-linked valuation surge, raising questions about bankruptcy asset sales.
Regulation
BIS warns cryptocurrency exchanges are becoming ‘shadow banks,’ and why that's a risk
The Bank for International Settlements (BIS) has issued a warning that cryptocurrency exchanges are increasingly operating like "shadow banks," posing potential systemic risks to the global financial system. In a new report published Thursday, the Basel-based organization highlighted how major crypto platforms have expanded beyond simple trading services
Technology
More than 90% of Web3 games failed after $15 billion boom as gamers never showed up: Caladan
More than 90% of Web3 games have failed to attract meaningful player bases despite the sector receiving over $15 billion in investment funding, according to a new report from blockchain analytics firm Caladan. The research reveals that the vast majority of blockchain-based gaming projects launched during the recent boom period
Regulation
Tether freezes $344 million in USDT on Tron after wallets flagged by US authorities
Tether says it froze $344 million in USDT on Tron in coordination with OFAC and U.S. law enforcement, one of the largest freezes on record.
Market
BlackRock drives 7-day Bitcoin ETF inflow streak as BTC nears $80,000
US-listed spot Bitcoin ETFs recorded a seven-day inflow streak totaling $1.9 billion, surpassing their March run over a similar period.
Technology
MetaMask Co-founder Dan Finlay announces departure from Consensys
Finlay highlighted the launch of Advanced Permissions, which allows dApps to execute multiple transactions on behalf of a MetaMask user.
Regulation
Sam Bankman-Fried withdraws new trial motion for now, says he won’t get ‘fair hearing’ from judge
SBF withdrew his motion for a new trial for now in a letter to Judge Lewis Kaplan, adding that he didn't think he would get a "fair hearing."