Aave Labs has launched a new initiative called Horizon, which aims to enhance the integration of institutional Real-World Assets (RWAs) into DeFi. Announced on March 13, the project seeks to bridge DeFi’s open financial ecosystem with the structured needs of institutional asset issuers, creating a framework that encourages broader participation in on-chain finance. Project Horizon […]
Defunct FTX and its affiliate, Alameda Research, have unstaked and transferred 185,345 Solana (SOL), valued at $22.9 million, to 38 wallets within the past day, according to blockchain analytics platform SpotOnChain. Blockchain intelligence firm Arkham Intelligence corroborated the development and reported that the recipient wallets, which had previously received assets from staking addresses, now collectively […]
The US Securities and Exchange Commission (SEC) is reportedly preparing to conclude its long-running lawsuit against Ripple, the issuer of XRP. Following the rumors, the XRP price climbed roughly 5% from $2.14 to $2.24 within an hour. It was trading at $2.23 as of press time. Citing two “well-placed sources,” journalist Eleanor Terrett reported that […]
The US House of Representatives has voted overwhelmingly to overturn the controversial DeFi broker rule introduced by the Internal Revenue Service (IRS) under President Joe Biden’s administration. The measure passed with strong bipartisan support, as 292 lawmakers voted in favor while 132 opposed it. Although many Democrats resisted the repeal, 76 broke ranks to join […]
Senator Cynthia Lummis reintroduced legislation that would authorize the US government to acquire up to 1 million Bitcoin (BTC), formalizing President Donald Trump’s recent executive order establishing a federal Bitcoin reserve. The BITCOIN Act aims to integrate digital assets into US financial strategy, requiring the Treasury Department to manage the acquisition and secure storage of […]
Paolo Ardoino, CEO of Tether, stated today that USDT stablecoin adoption in developing nations effectively creates a decentralized market for US debt, positioning everyday people as indirect purchasers of American treasuries through Tether’s reserves. Speaking at the Bitcoin Policy Institute, Bitcoin for America event, Ardoino highlighted Tether’s significant role in maintaining US dollar dominance globally […]
Digital asset investment products continued their losing streak for the fourth consecutive week, with outflows reaching $876 million, according to CoinShares‘ latest report. James Butterfill, head of research at CoinShares, noted that while the rate of capital flight has slowed, investors remain cautious amid the bearish market situation. He said the outflow brought the total […]
Utah’s State Senate has stripped a provision for a state-backed Bitcoin reserve from its recently passed crypto bill. The Blockchain and Digital Innovation Amendments bill (HB230) aims to establish clear guidelines for crypto use within the state. The original draft included a provision allowing Utah to allocate up to 5% of public funds toward digital […]
A forfeiture complaint shared by blockchain detective ZachXBT revealed that the $150 million hack suffered by Ripple co-founder Chris Larsen resulted from private keys stored in the password manager LastPass, which was compromised in 2022. The complaint details how the attackers accessed Larsen’s cryptocurrency wallets through stolen vault data from LastPass. LastPass compromise In December […]
President Donald Trump reaffirmed his commitment to supporting cryptocurrency and making America the “Bitcoin superpower” at the first White House crypto summit on March 7. Trump reaffirmed his pledge to reverse restrictive policies and position the US as a global leader in digital assets. He stated that his executive order establishing a Bitcoin reserve and […]