DeFi Risk Revaluation in 48 Hours
Until April 17, lending stablecoins on Aave, a leading DeFi platform, offered an APY of 2.32%. Meanwhile, the Federal Reserve’s overnight rate stood at 3.64%, suggesting that the market considered…
Banking Associations Seek Delay in Stablecoin Regulations Under GENIUS Act
In a strategic move, U.S. banking groups are urging regulators to postpone components of the GENIUS Act’s federal implementation, marking another phase in their ongoing battle over the expansion of…
Believe Token Launchpad Founder Arrested on Assault and Strangulation Charges
Benjamin Pasternak, the founder of the Solana-based token launchpad Believe, was taken into custody Tuesday on charges including one count of second-degree strangulation and two counts of third-degree assault with…
White House Claims China Engaged in ‘Industrial-Scale’ Theft from U.S. AI Models
On Thursday, the White House issued a warning that foreign entities are allegedly conducting ‘industrial-scale’ efforts to replicate American artificial intelligence models. These tactics reportedly include jailbreaking and employing extensive…
Bankman-Fried Retracts Plea for Retrial, Rejects Ghostwriting Claims
Sam Bankman-Fried, the former founder of the defunct cryptocurrency exchange FTX, has retracted his plea for a retrial. He also attempted to separate his parents from recent legal maneuvers, as…
The Emergence of Agentic Finance: Crypto as the Backbone for AI-Driven Economies
In this edition’s newsletter, Vincent Chok from First Digital delves into the advent of ‘agentic finance,’ where AI agents are transitioning from providing advice to performing financial transactions. This evolution…
USDT Transactions Halted on Tron After U.S. Authorities’ Request Over Alleged Illicit Activity
In a statement released Thursday, Tether, the issuer of the largest stablecoin globally, announced it has immobilized $344 million worth of USDT tokens in two wallets on the Tron blockchain…
French Weather Agency Reports Sensor ‘Interference’ After $35K Polymarket Gains
A French weather agency has alerted police due to ‘interference’ with its sensors after several traders profited over $35,000 through precise timing on Paris temperature predictions. Météo France’s sensor near…
Tether Blocks Over $344 Million in USDT Stablecoins Tied to Illegal Activity
On Thursday, Tether collaborated with U.S. authorities to freeze more than $344 million worth of USDT stablecoins across two Tron addresses, marking one of the largest compliance actions it has…
JPMorgan Cites Security Issues and Stagnant TVL in Assessing DeFi’s Institutional Attractiveness
According to JPMorgan, ongoing security flaws combined with stagnant total value locked (TVL) are diminishing the appeal of decentralized finance (DeFi) for institutional investors. TVL, which measures crypto assets deposited…