Everything web3, crypto, defi, degen
In brief The Senate just released a discussion draft of its own crypto market structure legislation. The House passed a companion bill last week, dubbed the CLARITY ACT. The Senate’s version differs in some meaningful ways, but the aim is the same. And it directly impacts crypto startups and future token sales through ICOs. The…
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 Denver pastor Eli Regalado and his wife Kaitlyn face 40 felony charges for allegedly defrauding Christian investors of $3.4 million through the INDXcoin crypto between January 2022 and July 2023. The couple are accused of pocketing at least $1.3 million for personal expenses, including luxury vacations, cosmetic dentistry, and home renovations they claimed…
In brief The SEC appears increasingly likely to approve in-kind redemptions for Bitcoin and Ethereum ETFs, according to Bloomberg analyst James Seyffart. Five issuers with Bitcoin and Ethereum ETFs on the CBOE filed amendments to their prospectuses, suggesting “positive movement” from regulators on approving in-kind redemptions for the funds. The SEC has delayed deadlines for…
In brief Four people in London were convicted for kidnapping a Belgian barber after he boasted online about a crypto fortune he didn’t actually have. The gang ambushed him with weapons, but after discovering his wallet held only $9, they extorted $2,700 from his bank instead. The case highlights rising “wrench attacks,” where criminals physically…
TRUMP MEDIA DISCLOSES $2B OF BTC, KAITO INTRODUCES CAPITAL LAUNCHPAD, JPMORGAN LENDING AGAINST BTC & ETH?SOL outperforms on MEV elimination upgrade. Altcoins’ searches hit 4 year high. ETH ETF inflows continue outperforming BTC. JP Morgan exploring loans backed by BTC, ETH. Ether not a security: SEC’s Atkins. WH crypto report may now be released end…
SOL NEARS $200, JP MORGAN LOOKS AT CRYPTO LOANS, FARTCOIN LEADS MEMESSOL outperforms on MEV elimination upgrade. Altcoins’ searches hit 4 year high. ETH ETF inflows continue outperforming BTC. JP Morgan exploring loans backed by BTC, ETH. Ether not a security: SEC’s Atkins. WH crypto report may now be released end of July. Strategy buys…
In brief Sahara AI launched a platform that pays users in crypto to label AI training data. It uses a bounty model with $450K+ in token rewards at launch. Sahara emphasizes quality control and shared data ownership. Looking for a way to earn crypto without writing code or trading tokens? Try labeling data for AI.Los…
In brief A Dogecoin network upgrade proposal could see zero-knowledge proofs and zk-rollups introduced to the meme coin blockchain. One of the proposal’s authors said that it would mark a “massive shift” in the blockchain’s capabilities. It would unlock the potential to create scalable games, apps, and protocols on the Dogecoin network. Developers have proposed…
In brief At least 3,500 websites are running a hidden Monero mining script delivered through a malicious injection chain. Attackers reused access from past campaigns, targeting unpatched sites and e-commerce servers. The malware keeps a low profile, limiting resource use to avoid triggering suspicion or security scans. Hackers have infected more than 3,500 websites with…
