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Paradex Reports Service Outage, Cancels Open Orders
Update Jan 19, 1:44 pm UTC: This article has been updated to add information from Paradex’s Telegram channel. Crypto derivatives exchange Paradex reported a platform-wide service outage on Monday, leaving its trading interface and…
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Bridges Are Crypto’s Next FTX Waiting To Happen
Opinion by: Kadan Stadelmann, chief technology officer of Komodo PlatformCrypto didn’t get wrecked by regulators or some shadowy conspiracy. The industry did this to itself. It handed control of cross-chain liquidity to a handful of…
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The CLARITY Act Failing To Advance Is Good for the Crypto Industry: Analyst
Overregulation of the crypto industry would negatively impact markets and gut decentralized finance (DeFi), according to Michaël van de Poppe.The failure of the CLARITY crypto market structure bill to advance in the United States Congress…
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DeFi Captures 5x Fee of Blockchains, Value Drifts to Front-End Apps
Revenue in the crypto industry is increasingly flowing to user-facing applications rather than the underlying blockchain networks, according to recent data, signaling a potential shift in where investors and developers focus their…
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Trove Investors Seek Refunds After Perps Pivot to Solana
Trove Markets, which is building a decentralized perpetual exchange for collectibles, is under fire for pivoting to Solana after raising over $11.5 million tied to a token sale for an integration on Hyperliquid, prompting some backers to…
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CLARITY Act Fight Over Dollar Yield and DeFi Liquidity
Since missing its Jan. 15 markup date and being pushed to the end of the month, the Digital Asset Market Clarity (CLARITY) Act is becoming a proxy fight over who gets to intermediate US dollar yield onchain — open decentralized finance…
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Bitcoin Above $95K, US Lawmakers Delay CLARITY Act
Cryptocurrency markets posted a broad recovery this week, led by gains in major coins, even as investor attention remained focused on the uncertainty of pending US crypto legislation.Bitcoin (BTC) rose over 5% during the past week to top…
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This American Burger Chain Just Bought Bitcoin Again
Steak ‘n Shake has purchased $10 million in Bitcoin, marking a significant escalation in its strategy to transform fast-food revenues into a corporate cryptocurrency treasury. The acquisition marks the latest phase of the 90-year-old…
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CLARITY Act ‘Has a Long Way to Go‘
David Solomon, CEO of banking giant Goldman Sachs, has weighed in on the pending digital asset market structure legislation, action on which was recently postponed by the US Senate Banking Committee.In a Thursday earnings call discussing…
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DeFi Leaders Voice Concerns amid Market Structure Bill‘s Uncertain Future
With a markup of the Digital Asset Market Clarity Act (CLARITY) in the US Senate Banking Committee postponed indefinitely, leaders in decentralized finance are using the delay to press lawmakers on concerns with the bill.Before Republican…
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