Category: crypto

Senator Cynthia Lummis criticized the Federal Reserve’s recent decision to withdraw crypto-related supervisory directives as superficial and insufficient. She accused the Fed of harming the industry and American competitiveness. Lummis highlighted the Fed’s reliance on reputation risk assessments and called for fair access for crypto firms. She commended the OCC and the FDIC for moving…

The Swiss National Bank rejected calls to adopt Bitcoin in its reserves due to lack of liquidity and stability. Advocates push for a referendum to mandate Bitcoin holdings, citing global economic risks. Despite Switzerland’s blockchain innovation, SNB remains cautious. The initiative must gather 100,000 signatures to force a national vote.

North Korean hacking group Lazarus is using fake US-based crypto firms to distribute malware disguised as job opportunities. The group’s tactics have become more advanced, with the use of AI-generated fake employee photos. The malware, including BeaverTail and InvisibleFerret, gives hackers remote access to victims’ devices. This evolution in cybercrime poses a growing threat to…

The US Federal Reserve has rescinded earlier directives requiring banks to notify regulators before engaging in crypto activities. This change signals a potential revival of ties between the banking and crypto sectors, with the possibility of banks treating crypto as liquid collateral to boost liquidity and industry growth. Expect global acceptance of crypto-related activities.

Bitwise Asset Management is working on launching a new ETF based on NEAR Protocol’s native token, NEAR. The firm registered Bitwise NEAR ETF as a corporate trust service in Delaware. If successful, this would be the first NEAR-focused ETF in the US market, potentially increasing institutional exposure to the protocol.

Bitcoin-native crowdfunding platform Geyser introduced a Bitcoin Launchpad that involves community engagement thresholds instead of immediate fundraising. Projects start as draft listings on the Launchpad stream for 30 days and require 21 followers to unlock full campaign functionality. Geyser applies a 5% platform fee and allows users to bypass the waiting period with a $21…

The Donald Trump memecoin project is hosting a competition where holders have a chance to attend a private dinner with the US president. Top holders will also gain access to a VIP reception and tour. Participants do not need to spend hundreds of thousands of dollars to qualify. Trump’s attendance at the dinner is not…

Bitcoin (BTC) has surged to $94,300 this week, testing a crucial price level as short-term holders begin to profit and institutional interest grows. The market is at a “decision point,” with BTC breaking above the Short-Term Holder (STH) Cost Basis at $92,900, indicating a potential shift from bearish to bullish sentiment. Institutional demand for Bitcoin…

Ondo Finance and Davis Polk & Wardwell met with the US SEC’s Crypto Task Force to discuss regulatory pathways for tokenized US securities. The meeting focused on structuring options, regulatory considerations, investor protection, and anti-money laundering compliance. Ondo manages over $1 billion in tokenized products, including the OUSG and USDY funds.

The US SEC has extended the deadline for reviewing proposed ETFs tied to Polkadot and Hedera. The agency will decide on Grayscale’s Polkadot Trust conversion and Canary Capital’s HBAR ETF on June 11, and Bitwise’s Bitcoin and Ethereum ETF on June 10. The extension is due to a surge in crypto-related filings.