Category: crypto

Federal Reserve Governor Christopher Waller argues that decentralized finance (DeFi) will complement rather than replace traditional finance. He acknowledges the technological innovations of DeFi but emphasizes the ongoing importance of intermediaries and regulatory frameworks in ensuring trust and stability within financial systems, despite DeFi’s potential efficiencies and benefits.

Bitwise CIO Matt Hougan believes Bitcoin is set for a major price rally, possibly reaching six figures, due to increased ETF flows and institutional interest. Key factors include upcoming U.S. elections, potential economic stimulus, and supply constraints, with significant accumulation by both new and existing Bitcoin “whales”.

BlackRock is negotiating with major exchanges like Binance and Deribit to use its BUIDL fund as collateral for derivatives trading, enhancing its market presence. BUIDL, requiring a minimum $5 million investment from qualified investors, is also being explored by DeFi protocols and crypto firms for financial instruments and stablecoin backing.

A survey by the Digital Chamber indicates that 26 million voters are part of the crypto sector, with 16% considering a candidate’s crypto stance crucial for their vote. Demographic insights show strong support among Black voters. Pro-crypto policies may give candidates an edge, highlighting the importance of smart regulations.

Radiant Capital is collaborating with US law enforcement and Web3 security experts to recover over $50 million stolen in a complex DeFi hack. The attackers used malware to exploit developers’ hardware wallets, executing undetected transactions. Radiant is enhancing security measures, including stricter transaction approvals and delayed contract updates, to prevent future breaches.

DBS Bank in Singapore has launched a blockchain-based service for institutional investors, called DBS Token Services. This service enhances transaction banking with real-time payment settlements, smart contract capabilities, and regulatory compliance. It aims to optimize liquidity, streamline operations, and improve resilience, reflecting how traditional banks can leverage blockchain technology.

Cube, a hybrid exchange utilizing secure multi-party computation, has listed Access Protocol (ACS) for content monetization on Solana. The recent developments include the announcement of Isometric, aiming for cross-chain trading without asset bridging. Cube also partners with the Argentine government to enhance its financial system through blockchain technology.

Ripple stated there are no surprises in the SEC’s recent appeal regarding Judge Torres’s ruling, which partly favored Ripple on XRP sales to retail investors. The SEC is contesting Ripple’s programmatic sales and targeting executives Garlinghouse and Larsen. Ripple affirmed the ruling on XRP’s non-security status remains unchallenged.

Elon Musk proposed a Department of Government Efficiency (D.O.G.E.) if Trump is re-elected, aiming to optimize government spending. Trump supports this initiative and may appoint Musk to lead it. Following the announcement, Dogecoin’s price surged 10%, with increased trading activity and rising investor interest in the cryptocurrency.

Eigenlayer’s X account has been compromised, prompting a warning from PeckShieldAlert. Users are advised against clicking suspicious links that appear genuine due to misleading previews. The increase in phishing scams on social media highlights the need for enhanced security measures, as over $1.56 billion has been lost to crypto hacks in 2024.