Category: crypto

Economist Peter St. Onge warned about a hidden provision in a Senate housing bill that bans a Federal Reserve-issued digital dollar until 2031, sparking debate among lawmakers. House Republicans are pushing for a permanent ban, while critics argue the provision doesn’t belong in a housing bill. The future of the ban is uncertain.

ZachXBT criticized YoungHoon Kim’s $LAMB presale as a scam with botted engagement and recycled scam tactics. Kim launched the token claiming profits would go to building churches, attracting scrutiny and mockery. The presale raised $51,910 with a fully diluted value of $6.804 million. ZachXBT highlighted the suspicious nature of the project.

NYSE CPO Jon Herrick emphasizes the importance of blockchain interoperability with existing market infrastructure, rather than replacing it entirely. NYSE’s parent company, ICE, has made a strategic investment in OKX, aiming to offer tokenized equities to users. The market structure is evolving with SEC moves on tokenized stocks.

Tether has launched its gold-backed token XAU₮ on BNB Chain and Binance, expanding its reach to over 12 blockchains through the USDt0 network. XAU₮ represents one fine troy ounce of physical gold held in Swiss vaults. The stablecoin market grew to over $4 billion in 2025, with XAU₮ holding 60% market share.

An attacker spent $1,800 on MFAM tokens to push a malicious governance proposal on Moonwell’s Moonriver deployment, putting $1.08 million in user funds at risk. Moonwell has an emergency veto mechanism and most subsequent votes oppose the proposal. This incident highlights vulnerabilities in decentralized finance governance.

The UK has sanctioned Xinbi and Cambodia’s #8 Park scam compound over a $19.9 billion fraud and trafficking network, freezing London assets before June’s Illicit Finance Summit. This action is part of a broader crackdown on crypto-enabled trafficking and aims to sever Xinbi from the legitimate crypto ecosystem to combat global fraud.

Bitwise CIO Matt Hougan believes that the recent selloff of Circle’s stock is unjustified, projecting a valuation of $75 billion by 2030. He argues that the stablecoin market is expected to reach $1.9 trillion by 2030, emphasizing USDC’s utility in B2B payments and dismissing concerns about regulatory uncertainty.

The CFTC issued its first no-action letter for a self-custodial wallet provider, granting regulatory relief to Phantom Technologies. XRP was classified as a digital commodity by the SEC and CFTC, boosting its market value. This move opens a clearer path for non-custodial XRP infrastructure into regulated derivatives markets.

Google has set a target of 2029 to implement post-quantum cryptography in its products due to advancements in quantum computing hardware. The company emphasized the need for industry-wide action as quantum computers pose a threat to current encryption standards. Ethereum and Solana are also working on quantum-resistant solutions, while Bitcoin developers are divided on the…

A Texas federal court dismissed a lawsuit filed by crypto developer Michael Lewellen seeking protection from US money-transmission laws for his software. The court referenced a DOJ memo stating developers are not targeted for user actions. Coin Center urges Congress to pass a bill clarifying exemptions for non-custodial developers.