Crypto Loses $35M in a Week: BonkDAO, Bonzo Lend, Summer.fi Hacked
The week of July 5 to July 11 turned into one of the roughest stretches of the year for crypto security, with three major protocol incidents, a wallet-level vulnerability and…
“110 Things More Dangerous Than Spam”: Saylor Says BIP-110 Could Invalidate Bitcoin Transactions
Strategy executive chairman Michael Saylor and Blockstream CEO Adam Back have escalated their opposition to BIP-110, the contentious proposal seeking to restrict non-monetary data on the Bitcoin network, just weeks…
Pakistan’s Top Islamic Scholar Rules Bitcoin, Ethereum, and USDT Haram
Pakistan’s senior-most Islamic scholar, Mufti Muhammad Taqi Usmani, has issued a fatwa declaring the buying and selling of cryptocurrencies haram, ruling that digital assets do not qualify as wealth or…
The Wall Around Mint Street: How the RBI Spent a Year Shutting Crypto Out of Indian Banking
Some institutions whisper their intentions. The Reserve Bank of India (RBI) has spent the last 12 months saying the same thing at every microphone, in every official document, and before…
Hedera’s Biggest DeFi Lender Bonzo Lend Hacked for $9M, $5.25M Bridged to Ethereum
The Hedera DeFi ecosystem was rocked on Saturday after an attacker exploited Bonzo Lend, the largest lending protocol on the network, and rapidly moved millions of dollars in stolen assets…
Blockchain Association Proposes 11 Crypto Reforms to CFTC
Key Highlights The Blockchain Association submitted an extensive response to the CFTC’s fintech Request for Information (RFI). The group proposed 11 reforms aimed at modernizing derivatives regulations for blockchain-based financial…
Rep. French Hill Pushes CLARITY Act in New York Field Hearing
Key Highlights Rep. French Hill announced a New York field hearing to build support for the CLARITY Act. He said the bill would bring regulatory clarity to crypto markets, token…
South Korea’s Gyeonggi Province to Test Stablecoins for Public Payments
Key Highlights Gyeonggi Province will launch the first phase of its stablecoin pilot in August. Blockchain security firm Zcrypto was selected to conduct the proof-of-concept after a 24-to-1 bidding process.…
Ethereum L1 Tops Public Networks With Over $19B in Tokenized Assets
Key Highlights Ethereum holds over $19 billion in tokenized funds, the highest among public blockchains. The network also leads with approximately $167 billion in stablecoin market capitalization. BNB Chain, zkSync…
Backpack Launches 24/7 Trading for Select U.S. Stocks
Key Highlights Backpack introduced 24/7 trading for select U.S. stocks, including weekends and holidays. The initial lineup includes SpaceX (SPCX), Micron (MU), and SanDisk (SNDK). The platform offers real share…