Everything web3, crypto, defi, degen
On Monday, Kraken Co-CEO Arjun Sethi joined leaders from ICE, CME, Nasdaq, Cboe, Kalshi, DRW and Polymarket at the SEC–CFTC Roundtable on platforms and market structure. Moderated by former CFTC Commissioner Jill Sommers and SEC Division of Trading and Markets Director Jamie Selway, the panel brought together some of the most influential voices in global…
In brief A former Singapore Armed Forces diver stole $1.7 million in USDT after photographing the victim’s seed phrase in their bedroom. He spent the money on luxury watches, gambling and mortgage payments. Seed phrases are the master keys to crypto wallets and a major target for hackers worldwide. A former Singapore Armed Forces (SAF)…
In brief The SEC will not take enforcement actions against advisors and other entities for using state-chartered as crypto custodians. This letter could lead to a potential opening for a greater number of organizations to serve as custodians for digital assets. In July, Chair Paul Adkins unveiled “Project Crypto, an SEC initiative to dramatically lower regulatory…
In brief Turkey is reportedly drafting legislation to grant its financial intelligence unit Masak expanded powers to freeze bank and crypto accounts linked to suspected criminal activity. The bill would allegedly allow the watchdog to shut down accounts, limit transactions, and blacklist crypto wallet addresses across banks, payment firms, and exchanges. Experts warned the measures…
In brief Bakkt’s share price was up about 17% on Tuesday. Benchmark raised its price target to $40, highlighting three areas for potential growth. The investment bank called the stock’s recent rally “a validation” of moves Bakkt CEO Akshay Naheta has made. Bakkt Holdings stock price jumped 17% on Tuesday, adding to its recent rally…
In brief The integration aims to streamline swaps–crypto-to-crypto trades that bypass centralized platforms–and other DeFi processes within Porto’s dashboard. In an announcement,Anchorage noted the “delicate balance” for institutions interconnecting with DeFi to manage dapps. In July, Jupiter announced the introduction of a new lending product. Anchorage Digital said on Tuesday it will add Solana swap…
In brief Wisconsin’s Assembly Bill 471, introduced Monday, would exempt crypto users from licensing when accepting payments, using self-hosted wallets, running nodes, developing software, and staking. The bill would prohibit state agencies and local governments from restricting these fundamental blockchain activities. The move follows Wisconsin’s $300 million Bitcoin ETF liquidation in Q1 2025 and Democrats’…
In brief Michael David Coberg pleaded guilty to conspiracy to commit extortion and conspiracy against rights for working with crypto ‘Godfather’ Adam Iza. The scheme involved armed extortion, a staged drug arrest with planted narcotics, and systematic abuse of police authority. Coberg weaponized his position to interrogate victims, facilitate false arrests, and intimidate rivals, according…
In brief Core v30 raises the OP_RETURN limit, letting transactions carry far larger amounts of non-payment data like messages, proofs, or files. Critics say the change risks abuse and legal exposure, while supporters argue it provides a cleaner, safer way to handle data. Figures including Adam Back and Jameson Lopp have flagged the idea spans…
In brief Starknet began letting users stake Bitcoin on Tuesday. The network pays out rewards in Starknet’s STRK. The Starknet Foundation is distributing 100 million in STRK incentives. Bitcoin became a core part of Starknet’s ecosystem on Tuesday, as the Ethereum layer-2 network began using the asset as a way to secure itself, according to…
