A Democratic lawmaker in Pennsylvania has proposed a bill that would ban elected officials from profiting off cryptocurrency while in office. Summary Pennsylvania lawmaker Ben Waxman introduced HB1812 to ban elected officials from profiting off cryptocurrency while in office. HB1812 would require lawmakers to divest their current holdings. Democrat Ben Waxman from District 182, along…
Flow’s DeFi ecosystem is growing fast, with DeFi TVL up 46% quarterly to $68 million. Summary Flow’s DeFi TVL rose 46% to $68 million in the last quarter, best performance yet The chain is shifting its strategy to stablecoins, liquid staking, and DeFi. PayPal’s PYUSD supply on Flow rose 212% QoQ to $26.2 million Once…
Aave has officially expanded its dominion beyond Ethereum-compatible chains. Its debut on the Move-based Aptos network marks a major shift for the protocol, showcasing its adaptability and ambition to become a universal liquidity layer. Summary Aave launches V3 on Aptos, marking its first deployment on a non-EVM blockchain. The initial markets support APT, sUSDe, USDC,…
Over $57 million in USDC tied to the Libra token scandal investigation has been unfrozen by a U.S. federal judge. Summary A U.S. judge unfroze $57.6 million in USDC linked to the Libra token scandal. Judge Jennifer L. Rochon ruled that Davis and Chow had complied with the proceedings and posed no risk of hiding…
XRP’s price has slumped over the past month amid a decline in network activity and weakening demand from investors. Will the token continue to see more corrections ahead? Summary XRP price has fallen 16.8% in the past month. The amount of XRP held across smart money wallets has dropped nearly 80%. XRP is trading below…
A consortium of crypto industry heavyweights, law enforcement agencies, security researchers, and fintech firms has come together to form the Beacon Network — a real-time crypto crime response system that can help freeze illicit funds before they can be laundered or withdrawn. Summary TRM Labs launched Beacon Network with support from crypto industry heavyweights. The…
ALT5 Sigma, a Nasdaq-listed fintech firm backed by the Trump family’s World Liberty Financial, has denied rumors of a potential regulatory investigation involving one of its associates. Summary ALT5 Sigma dismissed speculation about a rumored SEC probe into venture capitalist Jon Isaac’s role at the company. Past SEC filings show Isaac held a two-year consulting…
xStocks, tokenized U.S. equities issued by Backed, have surpassed $2 billion in trading volume within just six weeks of their launch on Solana. Summary Since launch, Backed’s xStocks on Solana reached $2.1B in cumulative trading volume. xStocks are SPL tokens that represent fractional ownership of real U.S. stocks and ETFs, backed 1:1 by shares. Tradable…
Ethereum ETFs have taken another hit as cooling demand deepens outflows, with major issuers now trimming their holdings. Summary Ethereum ETFs saw $422M in outflows on August 19, marking the third consecutive day of losses this week. On-chain data shows major issuers, including BlackRock, Fidelity, and Grayscale, already dumping holdings. ETH has given up most…
SUI price may continue to see more losses ahead as technicals remain bearish for the asset despite its recent listing on Robinhood. Summary SUI price remained on a downtrend a day after trading went live on Robinhood. The token recorded $5.64 million in long liquidations yesterday. Stablecoin supply on the blockchain has dropped over the…
