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KelpDAO Sues LayerZero Over $292M rsETH Exploit
KelpDAO has filed a lawsuit against LayerZero and co-founder Bryan Pellegrino, alleging they endorsed the bridge setup that led to a $292 million rsETH exploit on April 18. The case could set a major legal precedent for DeFi accountability.
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Bitwise NEAR ETF Approved: What It Means for Crypto Staking
Bitwise’s NEAR ETF has cleared both NYSE Arca and SEC requirements, paving the way for an imminent launch. This milestone could boost interest in staking-focused crypto funds and reshape altcoin investment access for institutions and retail investors alike.
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US Seizes $84M from Tether’s Banking Intermediary
US authorities seized $84 million from Capstone, a banking intermediary linked to Tether and Bitfinex, signaling increased regulatory pressure on stablecoin banking infrastructure. The move highlights ongoing compliance challenges in the crypto industry.
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15 Major Institutions Talk to Bitwise: More Crypto Buyers Coming
Bitwise revealed it has been in direct talks with 15 major institutions about crypto. Existing holders stayed put through a 50% market drop, while several new buyers are advancing their due diligence — signaling growing institutional conviction.
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French Fintech Regular Wins MiCA License for 5.5% Stablecoin Yield
Paris-based fintech Regular Finance has secured its MiCA license from the AMF, allowing it to offer a regulated 5% to 5.80% annual yield on stablecoins with daily payouts. This milestone highlights Europe’s growing framework for compliant crypto-asset services.
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Hester Peirce Resigns From SEC: What It Means for Crypto
Hester Peirce, the SEC’s pro-crypto ‘Crypto Mom,’ has announced her resignation effective October 2 to join Regent University School of Law. Her departure raises important questions about the future of U.S. crypto regulation and market sentiment.
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AI Agents Choose RLUSD Over XRP: BlackRock’s Bold Prediction
XRP Ledger data shows AI agents are choosing Ripple USD (RLUSD) over XRP for transactions, citing stability and predictability. BlackRock has predicted massive stablecoin demand from autonomous machines, highlighting a growing trend in machine-to-machine payments.
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Kraken Parent Payward Bets Billions on Crypto Infrastructure
When most people hear the name Kraken, they think of one of the world’s largest cryptocurrency exchanges. But behind Kraken is Payward, the parent company that is now making one of the boldest pivots in the crypto industry: transforming from a simple trading platform into a full-blown financial infrastructure provider. And it’s spending billions to…