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The Federal Reserve has proposed a new rule aimed at addressing the issue of "debanking" in the cryptocurrency sector by eliminating the concept of "reputation risk" that banks often cite when refusing to serve crypto-related businesses. This move is intended to promote financial inclusion and ensure
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The SEC has approved WisdomTree's application for a blockchain-based trading platform that enables instant, 24/7 trading of digital assets. This marks a significant milestone for Wall Street as it embraces blockchain technology, potentially transforming the trading landscape. WisdomTree aims to enhance liquidity and accessibility for investors through
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Adam Back's company, BSTR, is progressing with its plans for a public listing and is optimistic about receiving approval by April. The move is part of a broader strategy to enhance its visibility and attract investment in the cryptocurrency sector. BSTR aims to leverage its unique offerings in
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Kraken has launched a new trading feature that allows users to trade tokenized U.S. stocks with a crypto-style, 24/7 perpetuals trading model. This innovation enables traders to engage in continuous trading of tokenized stocks, providing greater flexibility and accessibility. The platform aims to attract both crypto enthusiasts and
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Canaan has acquired Cipher's 49% stake in a West Texas mining venture for $39.75 million in stock. This transaction enhances Canaan's position in the cryptocurrency mining sector, allowing it to gain full control over the operation. The deal is part of Canaan's strategy
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The Ethereum Foundation has staked 70,000 ETH, valued at approximately $120 million, to support its future initiatives and development. This move aims to generate sustainable income for the foundation while contributing to the security of the Ethereum network. The staked ETH will be used to fund various projects and
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Step Finance has ceased operations following a significant hack in January that resulted in a loss of $27 million. The company, which served as a portfolio management dashboard for Solana users, announced its shutdown due to the inability to recover from the financial impact of the breach. The hack involved
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Jane Street is facing allegations of insider trading related to the 2022 collapse of Terraform Labs, the company behind the TerraUSD stablecoin. The claims suggest that Jane Street had access to non-public information that allowed it to profit from the decline of Terra’s assets. This situation has raised concerns
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Polymarket bettors have wagered $3 million on which cryptocurrency firm will be exposed next by blockchain investigator ZachXBT. The betting market has seen significant interest, with various firms being speculated as potential targets. ZachXBT is known for uncovering fraudulent activities and scams within the crypto space. The outcome of this
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Ethereum (ETH), Solana (SOL), and XRP have experienced extended losses as concerns over artificial intelligence (AI) impact risk markets. The decline in these cryptocurrencies is attributed to a broader market reaction to fears surrounding AI developments, which have unsettled investor sentiment. As a result, many traders are pulling back from
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Cybersecurity stocks experienced a significant decline following Anthropic's announcement of Claude Code Security, a new AI tool aimed at enhancing software security. Investors reacted negatively, fearing that the advanced capabilities of Claude could disrupt the cybersecurity market. Major companies in the sector saw their stock prices drop, reflecting
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IoTeX has announced a 10% bounty for hackers who return $4.4 million stolen in a recent cross-bridge exploit. The company is urging the perpetrators to return the funds within 48 hours to avoid legal consequences. This incident highlights ongoing security challenges in the cryptocurrency space, particularly with cross-chain protocols.