Category: crypto

Coinbase is facing a legal challenge from Oregon Attorney General Dan Rayfield, which the company’s chief legal officer, Paul Grewal, called a “copycat case” mirroring a dismissed SEC lawsuit. Grewal criticized the state for reviving outdated arguments and hindering progress in digital asset regulation. Coinbase vows to defend its customers and the industry.

The STABLE Act would benefit regulated players in the US financial and crypto sectors, with advantages for firms like Coinbase, PayPal, Visa, and Mastercard. Traditional custodians and infrastructure providers could also benefit, while decentralized stablecoins may face challenges. The Act bans direct interest payments to stablecoin holders, favoring compliant products in the future.

Ethereum needs to address scalability issues to support the growth of layer-2 networks and prevent transaction bottlenecks. The current blob capacity may not be enough to handle increased user adoption and transaction throughput. Without sufficient upgrades, Ethereum risks congestion and increased transaction fees, potentially threatening its role as a leading blockchain platform.

Kyrgyzstan has approved the development of a central bank digital currency (CBDC) called the “digital som.” The National Bank of the Kyrgyz Republic will have sole authority to issue and regulate it. The decision on whether to implement the digital som is expected by late 2026, with testing to begin this year. Kyrgyzstan joins over…

Canary Capital has filed for a new ETF with the SEC called the Canary Staked TRX ETF, offering exposure to TRX price movements with staking features. The ETF would hold TRX tokens with custody by BitGo Trust Company, the first TRX-related ETF. However, staking in US-listed crypto ETFs faces regulatory hurdles.

Bitcoin traded flat near $84,500 on Friday as U.S. markets observed Good Friday. Gold and oil prices surged due to various factors, while the U.S. dollar weakened. Risk assets retreated on policy and legal uncertainty, with S&P 500 futures dropping. Bitcoin remained rangebound, reflecting reduced institutional volume and absence of a dominant catalyst.

Former SEC enforcement official John Reed Stark and Duke University lecturer Lee Reiners warn that the Securities and Exchange Commission’s relaxed oversight of digital assets could lead to conditions similar to those before the 2008 financial crisis. They argue that the SEC’s rollback of crypto-specific enforcement efforts may create opaque linkages across financial institutions. Regulatory…

Blockchain-based US Treasuries are rapidly growing in value, nearing $6 billion, with Ethereum leading the sector. BlackRock’s BUIDL fund is the market leader with $2.47 billion in assets. Traditional financial institutions like Franklin Templeton and Fidelity are also entering the tokenized treasury space, signaling a shift towards embracing blockchain technology.

Decentralized exchange platform KiloEx recovered $7.5 million stolen in an exploit, traced to a vulnerability in its price oracle. The attacker manipulated prices across multiple chains. KiloEx rewarded the attacker with 10% bounty for returning funds and will not pursue legal action, fostering stronger ties with ethical hacking community.

The Free Republic of Liberland celebrated its 10th Anniversary Conference at the Liberland Ark Village in Serbia, with TRON DAO as a gold sponsor. The event highlighted Liberland’s commitment to freedom, innovation, and blockchain adoption, with support from global figures like former President of Ecuador Rosalía Arteaga and TRON Founder Justin Sun.