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Senate Votes 85-5 to Ban a Fed Digital Dollar Through 2030
Key TakeawaysThe Senate passed the ROAD to Housing Act 85-5 on June 22, banning a Fed CBDC through 2030.The measure bars the Federal Reserve from issuing a digital dollar directly or through intermediaries.The House could vote as soon as…
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Ethereum Foundation Co-Executive Director Hsiao-Wei Wang Steps Down
TLDR:
Hsiao-Wei Wang resigns as Ethereum Foundation co-executive director, effective Thursday this week.
Both co-executive director roles are now vacant after Tomasz Stańczak’s earlier departure.
At least eight senior Ethereum…
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Crypto Industry Looks to Stablecoin and DeFi Revisions in MiCA 2.0
In May, the European Commission opened a comment period, seeking feedback on regulations for the cryptocurrency and blockchain industries. The comment period will precede eventual revisions and additions to the Markets in Crypto Assets…
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Taiko Bridge Exploited for Up to $1.7M in DeFi Hack
Taiko, an Ethereum layer-2 blockchain, has urged its users to withdraw assets from the network’s bridges after an exploit on one of its bridge protocols saw attackers make off with $1.7 million in the latest decentralized finance hack this…
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Dash Weighs Philippine Entry as Crypto Firms Navigate Regulation
Dash is exploring the Philippines as a potential market for crypto payments, citing demand for lower-cost transactions and the country's openness to digital finance tools. In an interview with Cointelegraph at the Philippine Blockchain Week…
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Former Ethereum Foundation Contributor Warns of ‘Slow-Burning’ Funding Crisis
Former Ethereum Foundation contributor Trenton Van Epps warned that Ethereum is facing a core development funding crisis that will highlight the need for new funding sources in the next three to nine months.The former contributor wrote in a…
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Bitcoin Bulls Change The Trend: Is $80K Next?
Key points:Bitcoin sellers are defending the $80,000 level, but the shallow pullback suggests the bulls are not closing their positions in a hurry.Several major altcoins continue to face selling near overhead resistance levels, restricting…
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Why Polygon’s 7.95M transactions surge could fuel POL’s next rally
Polygon gained 5% in the past 24 hours before slightly retracing as of writing. The daily trading volume is around $50 million, with liquidity increasing from a volume-to-market-cap ratio of 5.44%.
The main driver of this resurgence in…
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MEV Bot Jaredfromsubway.eth Exploited For $7.5M
One of the most successful MEV bots in crypto, Jaredfromsubway.eth, has been drained for more than $7.5 million, with an attacker exploiting the bot’s automated systems, the same ones that have netted it hundreds of millions over the years.…
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Jaredfromsubway exploited, Philippines backs RWAs
Today in crypto, one of Ethereum's most notorious MEV bots, Jaredfromsubway.eth, was exploited for more than $7.5 million in a sophisticated attack that was in the works for several weeks. Meanwhile, the Philippines' securities regulator…
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