Category: crypto

Over 200 crypto companies and industry organizations are urging the U.S. Senate to schedule a floor vote on the CLARITY Act before the August recess. Concerns over unresolved provisions, shrinking legislative window, and potential delays are growing. The bill aims to establish regulatory rules for digital assets and keep innovation in the U.S.

Circle has launched cirBTC on Ethereum, a wrapped Bitcoin token backed 1:1 by BTC in regulated custody. Chainlink Proof of Reserve provides onchain verification. It aims to bring Bitcoin-backed collateral to institutional DeFi markets. Reserve transparency is ensured, and future integration with Arc will expand to other blockchains.

The Bank of Japan is planning to raise interest rates to 1.0% from 0.75%, which could impact global liquidity and crypto markets. The move is seen as a response to inflation risks, with potential consequences for the yen carry trade and risk assets. Analysts are monitoring the situation closely.

Cardano founder Charles Hoskinson believes the blockchain can become a global operating system by reducing the cost of trust. He argues that decentralized systems can eliminate costly intermediaries and rebuild trust in global financial markets. Despite challenges such as ADA’s five-year low and falling TVL, Hoskinson remains committed to Cardano’s mission of replacing expensive intermediaries…

THORChain is moving into the next phase of recovery from the May 15 vault exploit by introducing version 3.19.0. Validators are reviewing this upgrade, which includes security patches and the ADR-028 loss-recovery plan. The release also adds compromised-vault quarantine and temporary keyshare checks before restoring network services.

Metaplanet is considering share buybacks after its mNAV ratio fell below 1.0x. The company holds 40,177 BTC, with an mNAV of 0.92x. Capital allocation decisions are focused on maximizing BTC Yield, with potential repurchases when mNAV is low. Any buybacks must comply with Japanese regulations. Quarterly results showed a net loss due to a non-cash…

SAHARA token by Sahara AI fell around 55% due to a sudden sell-off, with trading volume surging. The team denied insider selling, attributing the drop to a planned transfer of 600 million tokens to a Chainlink bridge contract. The project’s contracts and products were deemed secure, with an ongoing investigation into the cause of the…

Despite growing debt and preferred stock obligations, Strategy’s stock is trading 31% above its estimated net asset value. The company’s reliance on Bitcoin-backed financing poses a risk to common shareholders. Concerns about dividend funding persist, especially if Bitcoin declines further. Strategy’s recent increase in cash reserves and Bitcoin purchases have sparked discussions about its financial…

RippleX developers are using formal verification to review the XRPL lending code before Mainnet activation. This process aims to find potential flaws that traditional testing may miss in the XLS-66 Lending Protocol and XLS-65 Single Asset Vaults. Validator support is still needed for the activation of XLS-66.

On-chain investigator ZachXBT concluded that Humanity Protocol’s $31 million exploit was caused by a private key compromise, not an insider theft scheme. Evidence pointed away from the theory that the project team orchestrated the exploit. Concerns remain about suspicious market activity before the exploit. The attacker also minted an additional 100 million tokens.