Coinbase Chief Policy Officer Faryar Shirzad called on the US Congress to pass clear crypto regulations, warning that continued inaction risks pushing innovation overseas and leaving American consumers unprotected. In a policy letter titled Why Congress Must Act: Clarity for Crypto and Consumer Protections, the exchange outlined the urgent need for legislative clarity in the…
Ethereum Layer 2 platform, Abstract, has released an initial post-mortem on a security incident that resulted in the compromise of approximately $400,000 worth of ETH across 9,000 wallets interacting with Cardex, a blockchain-based game on its network. The report clarified that the breach stemmed from vulnerabilities in Cardex’s frontend code rather than an issue with…
The filings for spot Solana (SOL) exchange-traded funds (ETFs) from VanEck, 21shares, Bitwise, and Canary Capital were officially added to the Federal Register on Feb. 18. The US Securities and Exchange Commission (SEC) now has 240 days to approve or deny the filings. Additionally, the register for the Grayscale filing was added on Feb. 12,…
Solana’s (SOL) annualized inflation grew by 30.5% after a new priority fee distribution was implemented on Feb. 12. The amount of SOL burned daily decreased from nearly 18,000 SOL to 1,000 SOL. The Solana Improvement Document 96 (SIMD 96) proposed using the total priority fees for network validators instead of half of them to burn…
The leading cryptocurrency market maker, Wintermute, has revealed plans to expand its business to the United States amid the emergence of a more favorable environment for digital assets in the country. Wintermute’s CEO Evgeny Gaevoy disclosed the company’s plans in an interview with Bloomberg at the ongoing Consensus crypto conference in Hong Kong. Gaevoy said…
The era of memecoins as a supposedly fair trading opportunity is “unquestionably over,” according to Nic Carter, a partner at Castle Island Ventures. In a post on X, Carter argued that memecoins—tokens with little to no utility beyond speculative trading—were initially attractive because they appeared to offer an even playing field for retail investors. However,…
The Ethereum Foundation (EF) announced on Feb. 19 a new interoperability initiative called the Open Intents Framework to streamline cross-chain transactions across Ethereum Virtual Machine (EVM)-compatible networks fueled by intents. The project will tackle the inefficiencies that arise from navigating the increasingly fragmented Ethereum layer-2 (L2) ecosystem. Hyperlane and BootNode support the initiative, which is…
Sanctioned entities received $15.8 billion in crypto in 2024, accounting for 39% of all illicit crypto transactions, according to the 2025 Crypto Crime Report by blockchain analytics firm Chainalysis. The report highlighted how increasing geopolitical tensions and financial restrictions drove nations like Iran and Russia to turn to digital assets to evade sanctions. The US…
Bitcoin (BTC) quickly bounced back from the Tuesday dip to $93,000, but downside pressure still persists risking a deeper pullback to $86,000, CryptoQuant analysts said. Waning demand, faltering blockchain activity and lack of liquidity inflows to crypto are among the factors that could drag BTC lower, the report said. Demand for bitcoin, which picked up…
Barstool Sports founder Dave Portnoy launched a meme coin called $GREED today from his official wallet. However, he sold his entire position an hour later, causing the token’s value to crash by more than 90%. A Social Experiment In a February 19 post on X, the founder criticized the meme coin space, stating: “The entire…