Everything web3, crypto, defi, degen
In brief The SEC officially closed its legal dispute against Ripple Labs Inc. on Thursday. Avid supporters group the XRP Army are now celebrating what they believe is confirmation that they are on the “right side of history.” The mantra comes from a 2020 blog post from Ripple CEO Brad Garlinghouse. In the wake of…
In brief Anchorpoint, a new joint venture between Standard Chartered and Animoca Brands, will apply for a license under Hong Kong’s new stablecoin framework. Hong Kong launched its fiat-referenced stablecoin licensing regime at the start of August. Animoca Brands’ Yat Siu told Decrypt that regulation could unlock stablecoin adoption and innovation. Standard Chartered and Animoca…
In brief Users can easily bypass age checks and generate explicit content with minimal input. xAI’s tool violates its policies banning pornographic depictions of real people. Over 34 million images have been created, raising major legal and ethical concerns. An AI video tool from Elon Musk’s xAI is producing nude deepfakes of celebrities—including Taylor Swift—with…
In brief The SEC exempted liquid staking services from regulation Tuesday. Services like Lido and Jito are now formally greenlit to issue staking tokens and pay out crypto staking rewards to customers without registering with the agency. The move follows a similar SEC exemption in May that permitted unregulated self-custodial and custodial staking. The SEC…
In brief MEXC Ventures has invested in Indonesian crypto exchange Triv at a $200 million valuation, though the amount remains undisclosed. The deal was structured entirely as equity and reflects MEXC’s long-term strategy of backing licensed exchanges in emerging markets. Triv will maintain operational independence while gaining access to greater liquidity and expanded product support…
In brief Acting Chair Caroline Pham says CFTC can regulate spot crypto through current DCM authority, sidestepping new legislation. The proposal seeks public comment by Aug. 18 and is part of the agency’s broader digital asset push. Some caution the plan may clash with SEC rules and fail to resolve crypto’s security-versus-commodity status. The CFTC…
About the AuthorPorter Stowell is CEO of W3.io, the company building Web3’s first programmable intelligence layer. He’s held senior roles at IBM Blockchain, Coinbase, and Filecoin, where he honed his expertise across Web3 infrastructure and ecosystems. The views expressed here are his own and do not necessarily represent those of Decrypt.With the GENIUS Act now…
In brief Hong Kong’s stablecoin licensing regime takes effect today, requiring fiat-referenced issuers to obtain HKMA approval. It comes shortly after the U.S. passed the GENIUS Act, sparking comparisons between the two approaches. Analysts say adoption may be slow in local retail, but firms eye international and B2B applications. Hong Kong officially introduced its long-awaited…
In brief Visa has expanded its stablecoin settlement support to include PYUSD, USDG, and EURC across Avalanche and Stellar networks. The move adds to existing support for Ethereum and Solana, widening Visa’s stablecoin infrastructure amid broader institutional adoption. The announcement comes weeks after the U.S. passed the GENIUS Act, introducing the country’s first federal regulatory…
In brief Bengaluru police say hackers used a fake freelance job to trick a CoinDCX employee into installing malware on his office laptop, which was later exploited to steal $44 million (₹379 crore) from the exchange’s liquidity wallet. The employee, now in custody, claimed he was unaware of the breach; police say tracing the funds…
