Everything web3, crypto, defi, degen
In brief The DOJ announced it will no longer charge decentralized software developers under the same law used to convict Tornado Cash co-founder Roman Storm earlier this month. DOJ official Matthew Galeotti clarified that prosecutors will avoid such charges when software is truly decentralized and non-custodial, though other charges could still apply if criminal intent…
In brief Coinbase is listing the World Liberty Financial stablecoin, USD1. World Liberty Financial is backed by President Donald Trump and its sons. While a dollar-pegged stablecoin like USD1 won’t see a price jump from the listing, it could boost World Liberty’s visibility. The USD1 stablecoin from World Liberty Financial—a crypto project backed by President…
In brief Singapore bank DBS is tokenizing structured notes on Ethereum. The notes will give investors exposure to crypto markets. DBS is the latest TradFi institution to move into the tokenization space. Singaporean bank DBS will tokenize structured notes using Ethereum, the company announced Thursday.The bank said it had partnered with digital platforms ADDX, DigiFT,…
In brief Beth Hammack, president of the Cleveland Federal Reserve, said she’s not seeing any signs of a weakening economy that urgently needs rate cuts. Traders have grown less convinced that the Fed will cut rates in September over the past week, penciling in a 74% chance on Thursday. Fed Chair Jerome Powell’s speech could…
In brief A long-dormant Bitcoin whale, inactive for seven years, has reawakened to sell a portion of its Bitcoin holdings. The investor used the proceeds to open massive leveraged long positions on Ethereum, a move experts view as a strategic bet on ETH’s future growth. This rare transfer could increase market volatility, but analysts believe…
In brief Executives from stablecoin issuers Circle and Tether are set to meet with top figures in some of South Korea’s biggest financial groups this week, according to reports in local media. The discussions will reportedly revolve around the potential distribution and use of dollar-pegged stablecoins in South Korea, as well as the issuance of…
In brief MetaMask has announced the launch of a native stablecoin, mUSD, issued by Stripe subsidiary Bridge and fully backed by dollar-equivalent assets. The stablecoin will be integrated throughout the MetaMask ecosystem, launching first on Ethereum and Linea, and will later be enabled as a payment option for the Mastercard-powered MetaMask debit card. MetaMask leadership…
In brief Kyrgyzstan’s President has appealed to UK and U.S. leaders over UK sanctions imposed on Kyrgyz crypto networks linked to the rouble-pegged stablecoin A7A5. The country has rapidly emerged as a hub for Russian trade and crypto flows since the invasion of Ukraine. Analysts say Kyrgyzstan-based exchanges Grinex and Meer show signs of being…
In brief Options data indicates that Bitcoin traders are split, with nearly equal bullish and bearish block trades. Experts suggest markets will be closely watching for Powell’s tone if there’s no clear decision surrounding rate cuts. They also said crypto’s bullish market structure remains intact in the long term. Bitcoin traders are entering a high-stakes…
In brief Windtree confirmed its shares will be suspended from Nasdaq trading on Thursday for failing to meet the $1 minimum bid price. Last month, it said it had committed to buy up to $700 million in Binance’s BNB token. Struggling firms pivoting into crypto treasuries may lack substance beyond the narrative, Decrypt was told.…
