Banks Reject Stablecoin Yield Compromise, Demanding Stricter Crypto Limits
In recent developments, a group of banking associations has recently addressed the public draft of the Clarity Act, which “falls short” of prohibiting the payment of yield and interest on…
Strategy could sell Bitcoin ‘just to inoculate the market’ — Michael Sa…
In recent developments, it marks the first time that Michael Saylor’s company has floated the idea of selling Bitcoin, parting ways with his long-held view that Bitcoin shouldn’t be sold.…
Iggy Azalea faces class lawsuit over MOTHER memecoin
In recent developments, a class-action group has accused rapper Iggy Azalea of not following through on delivering utility and business integrations for her memecoin, Mother Iggy. Looking closer, market participants…
Kelp DAO to migrate rsETH to Chainlink CCIP as blame game continues
In recent developments, bryan Pellegrino, co-founder and CEO of LayerZero, disputes Kelp DAO’s accusations and said a postmortem by external security firms will be published soon. Looking closer, market participants…
CME Gearing Up to Launch Bitcoin Volatility Futures Independent From BTC’s …
In recent developments, cME’s upcoming futures product will track whether the market thinks the price of Bitcoin is about to swing wildly or stay steady. Looking closer, market participants highlight…
Kelp Blames LayerZero for $292 Million Hack, Plans Switch to Chainlink
In recent developments, the protocol shift comes as a $71 million court fight continues to unfold. The development has drawn attention from traders and analysts who are evaluating potential implications…
Coinbase Cuts 14% of Workforce, Targets Leaner AI-Era Model
In recent developments, coinbase will cut about 700 employees as it restructures around weaker crypto market conditions and artificial intelligence-driven productivity gains. The company said the 14% workforce reduction is…
Bitcoin holds $81K amid flat derivatives markets: Is the rally sustainable?
In recent developments, bitcoin carved a path toward $82,000, but derivatives metrics need another push from bulls to sustain the rally. The development has drawn attention from traders and analysts…
Circle Stock Jumps 20% to $119.53 as Tillis Deal Pushes Clarity Act Forward
In recent developments, circle shares surged nearly 20% on May 4, closing at $119.53, after U.S. Senators Thom Tillis and Angela Alsobrooks reached a bipartisan compromise on the CLARITY Act’s…
Polygon Unveils Private Stablecoin Payments to Lure Traditional Finance
In recent developments, the solution, which uses zero-knowledge proofs to verify every transfer, will allow companies moving large volumes to maintain the secrecy of these movements, improving transaction confidentiality. The…
