Everything web3, crypto, defi, degen
In brief Binance has appointed SB Seker as Head of Asia-Pacific on Monday, who brings over 20 years of legal and regulatory experience. The hiring comes weeks after AUSTRAC ordered Binance Australia to undergo an independent audit, citing “serious concerns” about anti-money laundering controls vulnerable to illicit money flows. Industry experts view the appointment as…
In brief Webull has launched crypto trading for Australian users, with access to 240 digital assets and a 30 basis point spread through Coinbase Prime. Experts say Australian exchanges charge double the spreads of international peers for major cryptocurrencies like Bitcoin and Ethereum. The launch follows Webull’s Monday announcement of resuming U.S. crypto trading after…
In brief A coalition of 114 crypto companies and tech lobbying groups sent a letter to the Senate Banking Committee demanding strong legal protections for software developers in any upcoming crypto market structure bill. The letter emphasized that developers of decentralized software should not face criminal liability for how others use their programs, comparing public…
In brief Brothers Anton and James Peraire-Bueno filed motions Friday to exclude Google search evidence, claiming prosecutors want to use searches for legal terms to prove criminal intent in their alleged 12-second Ethereum blockchain exploit. The defense says the searches occurred during attorney consultations after being threatened by “anonymous sandwich attackers” and would force them…
In brief The measure directs the country’s central bank to purchase 10,000 BTC over five years, with a 20-year holding requirement. Custody, proof-of-reserves, and disposal rules would be codified by law and regulation. Local crypto voices call the proposal bold but warn of volatility, fiscal tradeoffs, and gaps in financial literacy. The Philippines has introduced…
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…
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.GM!Today’s top news: Crypto majors mixed, ETH and SOL lead; BTC back to $113k BNB hits fresh ATH at $880 overnight before retracing Kanye tweets…
In brief A federal judge ordered Eddy Alexandre and EminiFX to pay $228.5 million in restitution to victims of a crypto Ponzi scheme that promised fake weekly returns of 5% to 9.99% using nonexistent “AI trading technology.” Alexandre exploited his position of trust within Long Island’s Haitian community and his own church congregation to recruit…
In brief The group said the program aims to diversify its business, believing it would serve as a bridge between crypto and the NYSE. AMTD plans to use their media, hospitality, and education assets to offer asset-allocation support, VIP experiences, and financial education. All three are micro to small-cap companies, with the largest running at…
In brief SEC Chair Paul Atkins announced a major shift in crypto strategy, stating the regulator will no longer pursue “regulation by enforcement” against crypto projects, and wants to “embrace innovation.” Atkins launched “Project Crypto,” an initiative to attract crypto businesses to the U.S. by offering tailored disclosures, exemptions, and safe harbors for various crypto…
