Everything web3, crypto, defi, degen
In brief Trump’s crypto task force will release its 180-day report on July 30, Bo Hines, the group’s executive director, said Wednesday. The report is expected to outline stablecoin oversight, token classification, and enforcement reforms following the GENIUS and CLARITY Acts, Decrypt was told. Experts say it may propose building a Bitcoin reserve using seized…
In brief The White House unveiled a national AI strategy centered on growth, infrastructure, and global dominance. Critics say it overlooks risks and weakens existing safeguards. The plan promotes deregulation, open-source models, and export controls. The White House on Wednesday unveiled a national strategy to cement U.S. dominance in artificial intelligence—drawing criticism from civil rights…
In brief Prometheum can custody a handful of tokens, but it’s now racing to support on-chain securities, founder and co-CEO Aaron Kaplan said. Kaplan testified on Capitol Hill in 2023 that the SEC had laid out a clear path to compliance for crypto firms. Some tokenized offerings resemble gambling, Kaplan argued. Tokenization could revolutionize finance,…
In brief A new survey by Reown found that stablecoin owners outnumber Solana holders. Crypto payments and stablecoins have become the “real breakout use case,” for crypto, Reown CEO Jess Houlgrave said. Barriers to adoption include user experience, though solutions such as the WalletConnect Network are addressing the fragmentation of networks and chains. Owners of…
In brief A DOJ crypto scam case briefly sealed in full has sparked a backlash after NOTUS linked the victims to MoonPay execs tied to Donald Trump’s meme coin. Interim U.S. Attorney Jeanine Pirro blamed court clerks for sealing the entire docket and said prosecutors only asked to shield a company name. The alleged victims…
In brief XRP set a new all-time high last Thursday, the first time it had done so in over seven years. Members of its passionate fanbase, known as the XRP Army, are angry that they were forced to wait so long. XRP Army soldiers blame the SEC’s multi-year legal battle with Ripple for stunting the…
In brief Altcoins slipped Tuesday morning as tokens including Ethereum (ETH) and Dogecoin (DOGE) gave back gains from last week’s Trump-driven rally. Hedera and Hyperliquid led losses among the top 20 cryptocurrencies by market cap. Analysts called the drop a “healthy correction” after steep gains, pointing to overbought signals, profit-taking, and bullish patterns like XRP’s…
In brief Charles Schwab is interested in introducing a stablecoin, its CEO told investors this week. The potential stablecoin initiative comes as Schwab prepares to offer spot Bitcoin and Ethereum ETFs to its clients. Schwab is one of several large financial services firms exploring issuing its own stablecoin. Charles Schwab would like to issue its…
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 XRP and Dogecoin are leading altcoin rallies, with XRP up over 43% in a week, fueled by speculative capital. The U.S. House of Representatives passed three key crypto bills, advancing the Trump administration’s pro-crypto policy agenda. Analyst notes macroeconomic factors, including government spending and inflation fears, prompting investors towards crypto. Crypto prices have…
