DEFI

Some digital asset industry advocates are pushing back against a provision in a $56 billion state budget passed by the Illinois General Assembly on Monday, due to its impact on crypto users. In a Senate bill included as part of the Illinois…
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The US House Ways and Means Committee circulated seven discussion drafts of bills to address digital asset taxation ahead of a Tuesday hearing on the matter, covering stablecoins, staking, mining and transactions.Among proposals in the…
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A group of Senate Republicans has urged US financial regulators to clarify the capital standards for companies engaged in crypto activities.Senator Cynthia Lummis said on Thursday that she led the group in sending a letter on May 27 to…
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An attacker minted more than 5.4 trillion vsdCRV on Arbitrum after a suspected compromise of a StakeDAO-linked deployer key, though thin liquidity limited the realized proceeds to about $91,000.Blockchain security firm PeckShield said…
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The US Treasury has sanctioned four Iranian crypto exchanges, including the country’s largest, Nobitex, marking the latest effort in its campaign called “Economic Fury” that aims to cut Iran off from the financial system.The Treasury said…
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The hacker behind the $293 million Kelp DAO exploit has laundered nearly all of the unfrozen stolen funds, or about $220 million, in just six weeks, according to Arkham data and onchain analysts.The Kelp DAO hacker-tagged wallet appears to…
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The United States will lose its leadership position in crypto to other countries, including China, if US lawmakers fail to pass the Digital Asset Market Clarity Act (CLARITY), a crypto market structure bill, according to Wyoming Senator…
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For years, crypto has thrived on speculative capital flows and the explosive popularity of decentralized finance (DeFi) tokens and applications.That still holds true for rising sectors such as perpetual decentralized exchanges and…
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A former chairman of the US Commodity Futures Trading Commission (CFTC) responded to the agency’s move to vacate a $5 million settlement with cryptocurrency company Gemini.In a Wednesday motion filed in the US District Court for the…
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Trezor has integrated native stablecoin yield functionality into Trezor Suite, the hardware wallet provider’s desktop and mobile application, in a move that could make earning yield on stablecoins more accessible to users who have…
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