Everything web3, crypto, defi, degen
In brief A 74-year-old man disappeared in May after leaving home without his phone. Authorities believe the disappearance is linked to the man’s family’s crypto fortune. They’ve found evidence of fraudulent activity and impersonation of him to communicate with family members. The man’s son, a hedge fund executive, believes someone stole his father’s identity and…
In brief President Trump signed the GENIUS Act into law Friday afternoon, in a White House ceremony attended by numerous crypto industry leaders. The bill establishes a framework for issuing and trading stablecoins in the United States. Banks, traditional finance players, and retail giants that have expressed interest in stablecoins now have the green light…
In brief A former UK National Crime Agency officer, Paul Chowles, was sentenced to five and a half years for stealing 50 Bitcoin during a 2017 investigation into Silk Road 2.0. The stolen BTC’s value has risen from $77,000 at the time of the theft to over $5.6 million. Chowles used a mixing service, Bitcoin…
In brief Hungary’s updated criminal code imposes penalties up to 8 years in prison for unlicensed crypto exchange operators and up to 5 years for large-scale traders. The law targets illegal operations while allowing compliant exchanges to continue operating, though unclear implementation details have created market uncertainty. EU-licensed exchanges will be able to operate in…
In brief Shane Donovan Moore, a former semi-pro rugby player, was sentenced to 30 months in prison for defrauding over 40 investors out of $900,000 through a fake crypto mining scheme. Moore promised 1% daily returns from mining equipment that didn’t exist, using investor money to fund a lavish lifestyle and repay earlier victims in…
In brief The House passed the stablecoin-focused GENIUS Act with overwhelming bipartisan support, sending the bill to President Trump’s desk for signature. The CLARITY Act, a crypto market structure bill, also performed much better than expected, passing the House handily with 78 Democratic votes. Industry leaders hailed the successful culmination of “Crypto Week,” which only…
In brief Jarett Dunn is being held in a London prison on remand after breaking his bail conditions. The former Pump.fun senior developer drained $2 million from the Solana meme coin factory last year. He admitted to the crime and pleaded guilty, but is now seeking to withdraw his plea. Since the attack, Pump.fun has…
