Category: crypto

Mantra CEO Mullin proposed burning his OM tokens to rebuild investor confidence after the token’s sharp collapse. He holds 772,000 tokens, less than 1% of the circulating supply. The crash was attributed to sudden liquidations on exchanges, prompting concerns of insider activity. Mantra, a Cosmos-based blockchain, aims to tokenize real-world assets.

Despite the removal of Tornado Cash smart contracts from US sanctions in March, developers and operators of decentralized privacy protocols still face potential enforcement. The Treasury Department asserts authority over mutable protocols and developers associated with them. Unclear standards and legal ambiguity regarding sanctions on software developers remain, signaling continued legal exposure.

VanEck’s Matthew Sigel proposed BitBonds, combining US Treasuries with Bitcoin exposure, to manage the government’s $14 trillion refinancing. It aligns investor demand for inflation protection with sovereign funding needs. Investors capture Bitcoin’s upside until a 4.5% yield-to-maturity, sharing gains with the government. The structure benefits from lower borrowing costs.

A new ethics reform bill, the SEER Act, led by Senator Elizabeth Warren targets Special Government Employees (SGEs) like Elon Musk and David Sacks. The bill seeks to increase transparency and accountability for part-time federal workers serving in advisory roles, especially those with ties to private sector companies with federal contracts.

Bo Hines, Executive Director of the Presidential Council of Advisers on Digital Assets, explained on a podcast how the US plans to grow its Strategic Bitcoin Reserve (SBR) budget-neutrally. The government is considering using tariff revenue and revaluing Treasury gold certificates to purchase Bitcoin. Hines emphasized that there is no set limit on the amount…

Tether has invested in Fizen Limited to support stablecoin adoption and self-custody solutions. The undisclosed deal aligns with Tether’s goal of promoting financial inclusion through blockchain technology. The investment will help Fizen improve stablecoin interoperability and create user-friendly platforms for storing and transacting with stablecoins.

A compromised admin account in ZKsync’s airdrop contracts minted $5 million worth of ZK tokens, stealing unclaimed tokens. The attacker issued 111 million ZK tokens, equivalent to 0.45% of the total supply. Recovery efforts are underway, and the team is seeking the attacker’s cooperation to return the funds. ZK token’s value has dropped by 90%…

Over 2,000 merchants in Argentina will be using Tether’s USDT on the TRON network for secure and subsidized payments, promoting financial inclusion. The initiative aims to expand access to financial services in the country. Image via CryptoSlate, containing potentially AI-generated content.

OpenAI has released GPT-4.1, GPT-4.1 mini, and GPT-4.1 nano to its API suite, replacing GPT-4.5 Preview. The new models offer improved code generation, instruction following, and long-context processing capabilities, with the ability to handle up to one million tokens. Developers are encouraged to transition to GPT-4.1 for enhanced performance and efficiency.

Most of the crypto industry is struggling to meet the compliance requirements of the MiCA framework 100 days after it took effect. Only 11 stablecoin issuers and 15 crypto-asset service providers have received authorization, causing companies to accelerate their licensing efforts. Italy’s CONSOB has added 15 non-compliant entities to its list.