Regulation
Backpack US appoints former SEC Acting Chairman Piwowar to board amid push for crypto perps
Michael S. Piwowar was appointed by President Barack Obama and served as an SEC commissioner from 2013 to 2018.
CryptoClub.cc
Technology
Morpho raises $175M in round co-led by Paradigm, a16z crypto and Ribbit Capital to build ‘open credit network’
Morpho plans to build an open blockchain-based credit network to connect decentralized finance, Wall Street, and global markets.
Regulation
Trump Crypto Advisor Backs 6 Crypto Tax Bills On Staking, Mining, Capital Gains
Patrick Witt, the White House’s crypto policy adviser, expressed his backing of a fresh digital asset tax bill that has been submitted in the U.S. House panel. With that now, lawmakers respond to long-standing industry issues of staking, mining and crypto transactions. Ad Ad White House Crypto Advis
Technology
Coinbase and Cardless unveil credit card backed by stablecoins
Coinbase, the largest U.S. cryptocurrency exchange, has partnered with fintech company Cardless to launch a new credit card backed by stablecoins. The card allows users to use their USDC (USD Coin) holdings as collateral for credit transactions, marking a significant integration of digital assets into traditional payment infrastructure. The
Regulation
Over 200 crypto firms push Senate to pass CLARITY Act
Crypto lobby groups representing hundreds of organizations urged Senate leaders in a letter to schedule a vote on a key crypto bill ahead of the midterms.
Security
Zcash Crashed 50% On A Four-Year-Old Secret — The Recovery Has Quietly Begun
Zcash has completed a two-phase emergency network upgrade to fix a critical vulnerability in its Orchard shielded pool — a flaw that sat undetected for four years, could theoretically have allowed unlimited undetectable counterfeit ZEC creation, and triggered a 50% price collapse before the network’
Technology
OpenAI confidentially files to go public in the US
OpenAI says it filed for an initial public offering in the US, but has not yet decided when it will launch.
Security
Wallets linked to Humanity Protocol drained for over $32 million, token plunges 89%: onchain analyst
Out of the stolen amount, $23.7 million has been swapped for Ethereum, while around $7.9 million remains in H tokens.
Market
Active tokenized RWAs surge almost 600% despite crypto pullback: Binance
Tokenized stocks, gold and real estate are driving broader adoption as banks and institutions embrace blockchain-based assets despite a weaker crypto market.
Market
Tokenized equities reach $5.5 billion market cap, fueled by SpaceX IPO access and exchange expansion
The growth of the fourth-largest RWA category signals a structural demand trend as crypto users want access to equity markets.
Exchange
South Korea police raid Bithumb over lawmaker hiring favoritism probe: report
South Korean lawmaker Kim Byung-gi faces probe over alleged nepotism tied to his son’s crypto jobs as police raid Bithumb's offices.
Market
Aave chief defends protocol's 'resilience' after $8.45 billion bank run
Aave Labs founder Stani Kulechov defended the decentralized lending protocol following an $8.45 billion bank run that tested the platform's stability mechanisms. Speaking at a recent industry conference, Kulechov emphasized the protocol's resilience during the massive withdrawal event, while deflecting personal responsibility for the incident