The hacker behind the $4.5 million CrediX DeFi protocol exploit agreed to return stolen funds within 24 to 48 hours following successful negotiations with the protocol team. CrediX announced the agreement on social media, stating that the exploiter will receive compensation “fully paid by the CrediX treasury“, while affected users receive airdrops of their asset…
The U.S. Securities and Exchange Commission (SEC) has published new guidance that may accelerate institutional adoption of liquid staking in the United States, according to industry sources. In a statement released Tuesday, the agency’s Division of Corporation Finance outlined its view that certain liquid staking arrangements — including the issuance of receipt tokens like stETH…
A governance proposal circulating within MetaMask’s community reveals plans to launch “MetaMask USD” (mmUSD) through a partnership with Stripe’s payment infrastructure, potentially creating a direct competitor to established stablecoins like USDC and USDT. The proposal outlines building mmUSD on the M⁰ network for decentralized issuance and settlement, with Stripe serving as the issuing partner to…
Base network released a detailed postmortem revealing that its August 5 outage lasted 33 minutes, not the initially reported 19 minutes, caused by a failed sequencer handover in the network’s high-availability cluster. The Coinbase-backed Ethereum Layer 2 blockchain experienced a block production halt from 6:07 UTC to 6:40 UTC when an automated system called Conductor…
Michael Novogratz says the rush to create companies holding cryptocurrencies on their balance sheets may have already peaked. The Galaxy Digital founder and CEO made the comments Tuesday during the firm’s second-quarter earnings call. “We’ve probably gone through peak treasury company issuance,” Novogratz said. “The question now is which of the existing companies become monsters.”…
A China security ministry has warned that foreign agents are using crypto schemes to collect sensitive biometric data, including iris scans, posing a threat to both personal privacy and national security. Local outlet Global Times reported Wednesday that the ministry outlined the growing risks tied to biometric technologies. It said recent cases have shown foreign…
Ex-Binance CEO Changpeng “CZ” Zhao has asked a bankruptcy court to dismiss him from a $1.76 billion clawback suit filed by the FTX trust. The now-bankrupt FTX claims that the funds were “improperly transferred” by Sam Bankman-Fried. According to Bloomberg Law, CZ claimed that he’s a resident of the United Arab Emirates and that the…
United States Securities and Exchange Commission (SEC) Chair Paul Atkins called the federal regulator’s Division of Corporation Finance’s statement on liquid staking protocols a “significant step forward” on Tuesday. Paul Atkins Praises SEC Liquid Staking Statement In an August 5 statement, Atkins praised the SEC’s updated guidance, which claims that liquid staking activities do not…
Galaxy Digital is exploring the possibility of tokenizing its publicly traded shares as part of a broader push into blockchain-based finance, the company disclosed in a new filing with the U.S. Securities and Exchange Commission (SEC). The move comes just weeks after the firm completed its long-awaited listing on the Nasdaq under the ticker GLXY….
U.S. President Donald Trump said on Tuesday that it’s unlikely that he’ll run for a third term, despite the fact that he’d “like to,” per a new interview with CNBC Squawk Box. Donald Trump Talks Third Term Despite Constitutional Limits In an August 5 interview with the media program, the newly inaugurated U.S. president hinted…