The U.S. Treasury Department sanctioned two individuals and one entity for laundering cryptocurrencies for the North Korean Democratic People’s Republic of Korea (DPRK).Two Chinese nationals, Lu Huaying and Zhang Jian, helped the crypto money launder
Ohio State Representative Derek Merrin introduced a new bill on Tuesday to establish a state-backed bitcoin reserve.“As the US dollar undergoes devaluation, bitcoin provides a vehicle to supplement our state's portfolio and preserve public funds from
Wormhole is working with restaking protocol developers Nuffle Labs on a solution to expand EigenLayer’s restaking functionality beyond the Ethereum ecosystem, according to an announcement on Tuesday. The move represents a serious development for one
Thousands of emails from crypto advocates flooded into the U.S. Senate over the last week urging them to oppose the Securities and Exchange Commission lead Caroline Crenshaw's renomination vote, according to the nonprofit Stand with Crypto. According
Coinbase has filed a response to a lawsuit filed by Justin Sun-affiliated BiT Global that sought an emergency injunction to keep wBTC, the first and largest tokenized bitcoin product, on the largest U.S. crypto exchange. “We've filed our response to
Like many airdrops and token generation events, the launch of Pudgy Penguin’s Solana-based token, PENGU, has been a windfall for many. Just two hours after debuting on Tuesday, the token has rocketed to a fully diluted market capitalization of over $
Happy Tuesday! In today's newsletter, Pudgy Penguins' PENGU token goes live, LastPass exploiters drain millions of dollars in crypto, Lido begins phasing out its Polygon staking service and more.Meanwhile, "Praise the Lord," Sen. Tim Scott reacted as
Bloomberg analysts Eric Balchunas and James Seyffart expect investors will likely have multiple new cryptocurrency-based exchange-traded funds to choose from next year."We expect a wave of cryptocurrency ETFs next year, albeit not all at once," Bloom
Ethereum scaling solution Omni Network launched its Omni Core mainnet on Tuesday, according to an announcement. The system will serve as the “base layer” of the Omni Orderflow Engine, which seeks to unify the fragmented Ethereum Layer 2 ecosystem. “T
Richard E. Ptardio, an Essex-based former traditional finance trader now focusing on crypto, donated a memecoin lot bearing his likeness that ballooned to nearly $1 million in value.Onchain data shows that someone sent Ptardio 700 million tokens of t
"Praise the Lord," said future Senate Banking Committee Chair Tim Scott (R-S.C.) when he heard the news first reported by Punchbowl News that a vote to renominate the Securities and Exchange Commission's Caroline Crenshaw has been scrapped for now th
Tether has announced an investment in StablR, a European stablecoin provider, as part of its strategy to bolster adoption of regulated digital assets in the Europe market.The investment highlights Tether’s growing focus on the region, particularly as
Popular non-fungible token project Pudgy Penguins has launched its PENGU token, with eligible participants given just 88 days to claim before their tokens are burned and effectively removed from the supply.The PENGU token is launching on the Solana n
A potential shift in regulatory stance under a Trump administration could open the door for Ethereum staking in spot exchange-traded funds (ETFs), creating new yield-generating opportunities for institutional investors, analysts suggest. "Under the T
Lido, the leading liquid staking protocol by total value locked, initiated the phase-out of its staking services for the Polygon PoS chain following a community-approved vote in November.Its implementation on the Polygon PoS network allowed users to
Eliza Labs, the team behind the AI16z blockchain-powered AI agent, is partnering with Stanford University to study how autonomous AI bots will integrate with the wider digital asset economy.The research, which will begin early next year at Stanford’s
An estimated $5.36 million was stolen in crypto from over 40 wallet addresses in the latest exploit from attackers identified as the “LastPass threat actor,” according to blockchain sleuth ZachXBT.“Stolen funds were swapped for ETH and transferred to
Avalanche, the application-friendly Layer 1 blockchain, published its much-anticipated Avalanche9000 upgrade on Monday, according to an announcement. The upgrade introduces a number of new features, including improvements that make it easier to launc
NFT collection CyberKongz says the U.S. Securities and Exchange Commission plans to bring charges against it after being asked about gaming and smart contracts over the years. In a post on X on Monday, CyberKongz said it received a Wells Notice from
I hope you had a good weekend, folks. In today's Daily, Ripple will launch its RLUSD stablecoin tomorrow, MicroStrategy acquires another $1.5 billion worth of bitcoin, Aave considers exiting Polygon amid a "risky" bridge proposal and more.Meanwhile,