Category: crypto

Canada has introduced Bill C-25 to block cryptocurrency donations in federal elections, aiming to tighten controls on political funding. The legislation has passed its second reading in the House of Commons and will now move to committee for further review. This move is part of a broader trend of increased scrutiny on crypto donations in…

Senator Thom Tillis is threatening to oppose the Senate’s crypto market structure bill if ethics restrictions on White House crypto activity are not added. Democratic Senator Ruben Gallego also emphasized the need for bipartisan agreement on ethics provisions tied to federal officials. The bill’s progress hinges on reaching a compromise on these issues.

Bitbank, a Japanese crypto exchange, has introduced a crypto-linked credit card that allows users to pay bills using assets held on its platform. The EPOS Crypto Card offers 0.5% cashback in bitcoin, ether, or Aster, with plans to add more payment options. This marks a new development in Japan’s regulated crypto payment market.

Sze Man Yu Inos, also known as “Yuki,” has been sentenced to 71 months in prison for a bitcoin-related fraud case targeting older women. She built emotional trust before soliciting bitcoin investments using false personal wealth claims. The court ordered restitution and forfeiture tied to the fraud. The case involved affinity fraud, highlighting concerns about…

ZetaChain paused cross-chain transactions on its mainnet due to an attack on its GatewayEVM contract. Internal wallets were affected, but no user funds were lost. DefiLlama reported $300,000 in losses. ZetaChain is conducting an investigation, and cross-chain transactions remain paused. The attack is one of many recent DeFi security incidents.

Block has implemented an on-chain proof-of-reserves system for its corporate Bitcoin holdings and consumer products to enhance transparency. Users can verify balances through cryptographic signatures, with 8,883 BTC worth $681.4m actively controlled. Other platforms like Binance and Kraken have adopted similar disclosures, while some, like Michael Saylor, have raised concerns about security risks.

DeFi United has released a recovery plan to restore full backing for Kelp DAO’s rsETH after a $292 million exploit. The plan involves converting committed ETH into rsETH tranches and controlled liquidations of eight affected lending positions on Aave. Governance approvals, legal agreements, and security checks are needed before full execution.

The Blockchain Association is urging the Federal Reserve to remove reputation risk from bank supervision rules to prevent the debanking of crypto firms. They argue that reputation risk has led to inconsistent practices and could be misused by future administrations. They call for clear, consistent regulatory standards to protect financial integrity.

U.S. President Donald Trump has softened his stance on prediction markets, acknowledging that some experienced participants support these platforms. He warned that the U.S. could fall behind other countries if it does not participate. Legal pressure has intensified in multiple U.S. jurisdictions, with regulatory challenges being faced by prediction market platforms.

Anthropic’s implied pre-IPO valuation has surpassed $1 trillion on Jupiter’s Prestocks market, with a 733% surge since October 2025. Forge Global and Hiive also priced the company near $1 trillion. Kalshi predicts a 59% chance of an IPO in 2026. Anthropic joins OpenAI and SpaceX in the trillion-dollar valuation club.