Category: crypto

DOJ Criminal Division head Matthew Galeotti clarified that writing code without criminal intent is not a crime, offering guidance to crypto developers and smart contract creators. Developers contributing code to open source projects without intent to aid criminal conduct are not liable. The DOJ also provided protections for truly decentralized software automating peer-to-peer transactions.

Pennsylvania lawmakers introduced legislation requiring public officials to disclose and divest digital asset holdings over $1,000 within 90 days. The bill also prohibits officials and their families from certain financial transactions involving crypto. Violations can result in fines or imprisonment. This legislation aligns with federal efforts to address officials’ crypto activities.

State Street launched its first digital debt securities with JPMorgan’s Digital Debt Service, conducting a $100 million commercial paper transaction. The debt securities are issued, settled, and serviced using blockchain technology, offering streamlined market access. State Street’s investment demonstrated technology benefits for clients, advancing blockchain usage in fixed income markets. JPMorgan’s platform allows for T+0…

World Liberty Financial (WLFI), a crypto project associated with US President Donald Trump, has minted $205 million worth of its USD1 stablecoin, totaling 10% of the supply. The stablecoin is backed by USD and US Treasuries and has seen significant growth. WLFI’s treasury now holds over $464.8 million in digital assets, with plans to boost…

Binance has surpassed its competitors in trading volume in 2025, handling double the volume of all other exchanges combined. This dominance has raised concerns about market concentration and liquidity structure. Despite market contraction, Binance continues to lead in trading activity, impacting market dynamics and regulatory oversight.

DBS, Asia’s financial services giant, has launched tokenized structured notes on the Ethereum network for accredited and institutional investors. This expansion of the bank’s digital asset program offers smaller units for eligible clients, following previous offerings of crypto-linked options and structured notes. The move aligns with Singapore’s push for tokenized markets standards.

Tidal Trust II has applied to the SEC to launch leveraged ETFs for XRP and Solana, aiming to provide amplified exposure without margin trading. The funds will primarily invest in derivatives and options linked to US-listed XRP and SOL ETFs. The application comes amid growing optimism for altcoin ETF approval by October. Interest in these…

Crypto traders are turning bearish as Bitcoin and Ethereum struggle to maintain recent gains, with both experiencing significant losses. Other top cryptocurrencies have also seen double-digit declines. The market sentiment has shifted from bullish to fearful, with many expecting further price drops. Concerns over potential Federal Reserve rate cuts in September are contributing to the…

Kanye West launched the YZY token on Solana, experiencing rapid market capitalization growth before collapsing. Insider wallets controlled a large portion of the supply, leading to criticism of unfair advantages. The token’s fee structure resulted in high costs for traders, with some experiencing significant losses. The launch highlighted concerns about transparency and fairness in the…

US Representative David Schweikert has introduced a bill, H.R. 4988, that would grant the President authority to combat crypto criminals operating abroad using the concept of “letters of marque and reprisal.” This would allow private individuals or companies to recover stolen assets or disrupt cybercriminal operations targeting US interests.