Term Labs confirmed on Aug. 23 that a governance exploit had affected its lending vaults. Blockchain security firms estimated that the attacker extracted approximately $8.5 million in cryptocurrency. Summary Term Labs confirmed a governance exploit affected its vaults while investigators assessed the full damage. CertiK estimated losses near $8.5 million, but Term Labs has not
The SEC published its Reg Crypto proposal last week, giving the public 60 days to comment. Source link
Coinbase CEO Brian Armstrong urged senators to support the CLARITY Act during an Aug. 20 interview, arguing that permanent legislation could protect crypto users and limit regulatory overreach by future administrations. Summary Senate records schedule the CLARITY Act cloture motion for September 15 at 2:15 p.m. Eastern. Armstrong said statutory crypto rules would protect consumers
Coinbase CEO Brian Armstrong has said that it’s “very likely” Bitcoin will hit between $300,000 to $400,000 by 2030. Speaking on Fox Business Network’s Varney & Co. show Thursday, the crypto entrepreneur also said that the U.S. was moving in the right direction with crypto legislation following a meeting at the White House. President Donald
Kalshi has blocked customers in Washington while asking a King County judge to reconsider an injunction restricting its prediction markets. Summary Washington requires Kalshi to block residents from seven event-contract categories under an amended preliminary injunction. Kalshi requested reconsideration after Washington agreed to delay enforcement against federally regulated competitor OG temporarily. September 2 is the
BitMart said on Aug. 21 that it was exploring a restructuring plan involving creditor distributions and the phased restart of selected operations, less than four weeks after announcing a complete wind-down. Summary BitMart appointed White & Case while evaluating creditor distributions and a phased operational restart plan. September 9 is BitMart’s deadline for another update,
XRP’s price has surged by 50% this week, the best performance since November 2024. Here’s what’s driving the rally. Source link
Michael Saylor renewed his case for Bitcoin on Aug. 23, describing the asset as a mechanism for converting economic value into a digital form that individuals, companies and governments can control. Summary Michael Saylor described Bitcoin as digital economic energy that entities can securely control and preserve. Strategy reported holding 840,447 Bitcoin, representing roughly 4%
The Blockchain Association and Crypto Council for Innovation sued Illinois on Aug. 21 to block a 0.2% digital asset tax scheduled to take effect on Jan. 1, 2027. Summary Two industry groups sued Illinois to block its 0.2% digital asset tax before implementation begins. The tax takes effect January 1, 2027, covering specified exchanges, transfers
Feds have hit 17 Iranians with criminal charges for allegedly conducting a years-long campaign of cyber attacks — including trying to extort HBO for $6 million in bitcoin. The U.S. Department of Justice said Tuesday that the 17 individuals were working with the Mabna Institute, which carried out hacking campaigns on behalf of Iran’s Islamic
