Category: crypto

Senator Ron Wyden is pushing for legal protections for non-custodial blockchain developers to be included in the CLARITY Act. The provision would clarify that developers who do not control user funds are not considered money transmitters. Negotiations over the bill are ongoing, with unresolved issues including developer protections and ethics rules.

Tokenized stock transfers surged 105% to $8.41 billion in a month, indicating growing interest in on-chain equity markets. DTCC plans to pilot tokenized securities before a full launch in October 2026. Crypto platforms and traditional firms are expanding tokenized stock products, with exchanges like Kraken and Securitize leading the way.

AscendEX has ceased operations due to MiCA regulations and financial issues. Withdrawals are under manual review, and customers may not recover their full crypto balances. The exchange cited lack of authorization in the EU and a failed liquidity deal as contributing factors. Uncertainty remains about customer recovery efforts.

A crypto user lost nearly $1 million in a phishing scam after approving a malicious Ethereum transaction. Approval-based attacks targeting crypto users have led to $723 million in losses in 2025. Another incident involved a wallet compromise of $1.65 million due to signing a fake exchange contract. Users are advised to be cautious and review…

Hyundai Card successfully completed a $20,000 cross-border remittance test between Hyundai Motor’s U.S. and Mexican entities in about seven minutes using USDT on Avalanche. They will expand the pilot to Europe with Visa and Circle to test stablecoin transfers across multiple local currencies, aiming to reduce costs for international settlements.

A reported Justice Department memo suggests that Binance may reduce cooperation with law enforcement in crypto cases starting June 8. Binance denies any changes, but the memo indicates a shift towards requiring formal legal steps for account freezes or seizures, potentially slowing down asset recovery in crypto crime cases.

Sony Bank has received conditional approval from the U.S. Office of the Comptroller of the Currency to establish Connectia Trust for a planned U.S. dollar stablecoin. The stablecoin is expected to support payments for games, subscriptions, and digital content. Sony joins other firms pursuing OCC trust bank charters for stablecoin issuance.

Paradigm has raised $1.2 billion for its fourth fund, expanding beyond crypto into AI, robotics, and other frontier technologies. The firm will continue to invest in crypto while broadening its focus. Other firms in the industry are also shifting towards AI and robotics investments. This trend reflects the evolving landscape of venture capital.

StarkWare CEO Eli Ben-Sasson sparked debate by suggesting Bitcoin’s fixed supply may need reconsideration due to lost private keys reducing usable supply. Supporters of Bitcoin’s 21M cap disagreed, while Zcash proposed a burn-and-reissue model to maintain a fixed supply. Ben-Sasson’s proposal of up to 4% annual issuance was met with criticism from Bitcoin users.

Gemini has introduced commission-free stock trading for eligible users in most U.S. states through its mobile app. This expansion beyond cryptocurrency services includes thousands of exchange-listed securities. Nasdaq will provide real-time market data, and Apex Clearing will execute and safeguard customer stock trades. Gemini aims to build an all-in-one financial platform offering various products, including…