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Howard Lutnick Softens Stance on Tether Stability, Investment Ties

Howard Lutnick, the chairman of Cantor Fitzgerald and President Donald Trump’s pick for U.S. Commerce Secretary, was recently playing defense during another nomination hearing in front of Senate Democrats about the financial services giant’s investment in Tether, the company that issues the world’s largest stablecoin, USDT. Lutnick appeared before the Senate Committee on Commerce, Science, […]

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Lending Protocol Aave Processes $200M in Liquidation Without Adding to Bad-Debt Burden

Decentralized lending protocol Aave processed millions in liquidations Monday without accruing any new bad debt, showcasing its resilience during market volatility, data from Chaos Labs shows. The crypto market wilted early Monday, with the price of bitcoin (BTC) falling to nearly $91,000 from $100,000 as concerns of a renewed trade war between the U.S. and

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Ethereum Raises Gas Limits for First Time Since 2021, Boosting ETH Appeal

The Ethereum network’s capacity to handle more transactions increased further late Monday as validators agreed on a gas limit increase for the first time since late 2021, also the first time in the network’s Merge era. The gas limit on Ethereum reached nearly 32 million gas units as of Tuesday morning with a maximum expected

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XRP and Dogecoin Surged 20%, Then Dipped as China Tariffs Dent Crypto Rebound

Crypto majors zoomed as much as 20%, before reversing, in the past 24 hours as a buy-the-dip strategy following Monday’s $2.2 billion turned profitable for risk-takers, although gains were wiped as China announced retaliatory tariffs on the U.S. The bump saw a pull back during the Asian morning hours as the deadline for the U.S.

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Probe of Crypto.com, Kalshi’s Super Bowl Bets Is About the Nature of ‘Gaming’: Crypto Lawyer

The recent probe of Crypto.com and Kalshi’s sports contracts all comes down to a single question — are event contracts premised on sports “gaming” within the meaning of the Commodities Exchange Act, said crypto lawyer Aaron Brogan. The Commodity Futures Trading Commission (CFTC) is probing the Super Bowl events contracts on Crypto.com and Kalshi, according

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Bitcoin Down 2.5% as China Slaps Retaliatory Tariffs on U.S. Coal

Bitcoin (BTC) and Nasdaq futures faced renewed selling pressure during Asia trading hours on Tuesday as China imposed retaliatory tariffs against the U.S. Beijing imposed a 15% duty on U.S. coal and LNG and a 10% tax on crude oil, agricultural machinery, pickup trucks and large-engine cars. The move came after U.S. President Donald Trump’s

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TRON, Movement Labs Deny ‘Token Swap’ Deal for World Liberty Financial Inclusion

Representatives from two protocols that have tokens held by the treasury of World Liberty Financial (WLFI), a crypto project backed by President Donald Trump and his family, are denying the existence of a token swap agreement that required a $10 million – $15 million buy-in to get included in the project. A report from Blockworks

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U.S. Prosecutors Charge Canadian Man With $65M Hacks of Indexed Finance, KyberSwap

U.S. prosecutors have charged a 22-year-old Canadian man with stealing a combined $65 million in crypto through two separate decentralized finance (DeFi) hacks — the 2021 Indexed Finance exploit and the 2023 KyberSwap hack. In a newly-unsealed indictment filed in the Eastern District of New York (EDNY), prosecutors say Andean “Andy” Medjedovic was the mastermind behind

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10 Commandments for Federal Securities Laws

U.S. financial markets have long been burdened with a patchwork of outdated, overly complex, paternalistic rules. Meanwhile, the government’s failure to establish a regulatory regime for digital assets, coupled with its aggressive persecution of the industry, has stifled innovation. Unsurprisingly, the rest of the world surged ahead, leaving the U.S. behind. Now, under President Trump’s

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Real-World Asset Tokens Lead Crypto Rebound as Tokenization Narrative Gathers Steam

Cryptocurrencies in the real-world asset (RWA) sector led the recovery of the broader digital asset market from the overnight bloodbath, underscoring the strength of the tokenization investment narrative. Decentralized finance (DeFi) tokenized asset platform Ondo Finance’s governance token was 16% higher on the day, surging almost 40% from the overnight lows. The protocol today unveiled

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