Category: crypto

Virginia redistricting referendum was struck down 4-3 by the state Supreme Court on May 8, with Democrats immediately filing to appeal to SCOTUS. The ruling found that the amendment violated procedural requirements and Democratic lawmakers had conducted the first vote after early voting had already begun, rendering the referendum null and void.

Morgan Stanley has launched E*Trade crypto trading with a 0.5% fee, undercutting competitors like Coinbase and Schwab. The pilot, set to reach 8.6 million users, offers trading for Bitcoin, Ether, and Solana through Zerohash. This move is part of a broader digital asset push by Morgan Stanley, including the launch of a proprietary digital wallet…

Polygon has reduced its average block time to 1.75 seconds to increase transaction throughput for stablecoin payments and DeFi activity. The network also introduced shielded stablecoin transfers and compliance checks. Polygon aims to increase its theoretical throughput to 3,260 transactions per second and plans further block time reductions. Businesses require privacy for financial activities, and…

CryptoJobsList reports that Web3 hiring is transitioning to the “Agent Manager” era, with a focus on AI skills. The report found that AI mentions in job posts have significantly increased, with mid-level AI-skilled workers earning higher salaries. The rise of AI in the industry is changing job roles and the demand for elite engineers.

21Shares has launched the 21Shares Canton Network ETF, trading under the ticker TCAN on Nasdaq. This ETF gives U.S. investors exposure to Canton Coin through brokerages, targeting institutional settlement, privacy, and tokenized markets. The launch follows regulated access from AMINA, with institutions like Goldman Sachs and Microsoft participating in testing.

A HarrisX survey found that 52% of U.S. voters support the CLARITY Act, with bipartisan backing ahead of a possible Senate Banking Committee markup. Nearly half of respondents said crypto regulation could influence their voting decisions. Senators are preparing for a potential markup the week of May 11 to move the bill forward.

Vitalik Buterin fell victim to a sandwich attack after swapping DigitalBits for Ether, with Ethereum’s MEV bot, JaredfromSubway, using $1.14 million in WETH. Buterin lost only a few cents, highlighting the issue of MEV on Ethereum. The incident renewed calls for protection against MEV, with Buterin supporting encrypted mempools.

Taiwanese prosecutors indicted a TV news anchor for receiving cryptocurrency payments from a Chinese operative to produce politically influenced content and obtain classified military information. The anchor allegedly paid active or retired military personnel for classified documents, with authorities warning about the use of cryptocurrencies in election bribery cases.

South Korea has tightened control over companies transferring crypto assets overseas with a new amendment to the Foreign Exchange Transactions Act. The amendment requires firms handling cross-border virtual asset transfers to register with the finance minister. Additionally, a 22% tax on crypto gains is set to be implemented from 2027.

ECB President Christine Lagarde opposes euro stablecoins due to risks to financial stability and monetary policy transmission. She supports tokenized settlement systems like Pontes and Appia over privately issued stablecoins. Lagarde warns against replicating US dollar stablecoin models in Europe, advocating for public infrastructure supported by central bank money instead.