Category: Crypto News
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EU Lawmakers Back Review of DeFi, Staking and NFT Regulation
The European Parliament’s economic affairs committee has urged the European Commission to assess whether crypto lending and borrowing, staking, non-fungible tokens (NFTs) and decentralized finance (DeFi) should be regulated. The recommendations were part of a report tabled Friday for plenary vote. It also called for promoting tokenization across financial services, encouraging euro-denominated stablecoins and assessing…
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BNB Chain Tokenized Stock and Real-World Asset Volume Surpas
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR BNB Chain reportedly surpassed $5 billion in tokenized stock and RWA volume. The milestone reflects rising demand for 24/7 on-chain exposure to traditional financial products. The article distinguishes tokenized products from direct equity ownership. On-Chain Traditional Asset Trading: Why This Story…
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SecondFi Recovery Targets Two Weeks After $2.4M Cardano Wallet Exploit
Cardano wallet SecondFi has identified a recovery path for users affected by Tuesday’s exploit and expects to begin returning assets in about two weeks, following testing and security reviews. According to a Saturday statement by Phillip Pon, CEO of SecondFi developer Emurgo, the company completed forensic investigations and established a recovery pathway for affected users.…
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Old ETH Wallet Selling Tests Whale Conviction at $1.5K
Eight-year-old Ether (ETH) wallets have started moving coins for the first time since 2017, adding fresh supply to the market as Ether trades just above $1,500. Onchain data shows 37,806 ETH from long-dormant addresses became active, while separate whale transactions point to continued accumulation by other large investors. The mixed positioning comes as total long-term…
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Electronic Money or Digital Asset? Brazil Sparks Intense Debate Over Stablecoin Regulation
Key Takeaways Jadyel Alencar called a public hearing on Bill 4308/2024 to determine Brazil’s stablecoin regulation. Abcripto urged keeping stablecoins as digital assets to shield the local market from EU-style rules. Julia Rosin backed central bank oversight and opposed the electronic money taxonomy to align with international jurisdictions. Brazil’s Crypto Industry Opposes Stablecoin Designation As…
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Metaplanet Stock Down 88% in a Year While BTC Holdings Grow
Analysts argue that investors are effectively buying the company’s Bitcoin holdings at a discount to their estimated value. Metaplanet shares on the OTC market closed at about $1.29 on June 25, extending a year-long drop that has taken the stock down 88%, while the company’s Bitcoin holdings have risen to over 40,000 BTC. The…
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Polymarket Third-Party Vendor Compromise Drains $2.9M from Users
A third-party vendor compromise discovered Thursday allowed attackers to inject a malicious script into Polymarket’s frontend, affecting multiple users. Blockchain analyst Specter said the malicious script appeared to facilitate a phishing attack that drained an estimated $2.94 million from at least 11 Polymarket user wallets. Polymarket said on X that the compromise has been contained…
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Binance will be cut off from Europe on July 1
Binance is set to miss Europe’s July 1 MiCA authorization deadline, moving the bloc’s exchange-access fight from a policy countdown into a live test of where users, assets, and trading liquidity move next. The exchange has told European customers it will be unable to meet the authorization deadline, according to Binance Square social media posts…
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Base Network Stalls After Invalid Block Freezes Sequencer
Key Takeaways Base mainnet block production stalled for nearly 2 hours on June 25 after block #47,806,542 caused a consensus failure. Coinbase’s Base team confirmed all funds are safe, with sequencing restored by 17:51 UTC and monitoring ongoing. Base’s Beryl hard fork, introducing the B20 native token standard, remains on schedule for its 18:00 UTC…
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Ethereum Whales Sell After 8 Years, Secure $27M Profit
TLDR Four dormant Ethereum wallets were reactivated after nearly eight years of inactivity. The wallets originally received 37,602 ETH in 2018 at about $830 per coin. They sold 33,623 ETH within four hours at an average price of $1,560. Total proceeds from the sales reached approximately $52.5 million. The transactions resulted in an estimated realized…
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