Author: Judith Faith

Article written by Judith Faith

The US House Financial Services Committee to regulate stablecoins

April 4, 2025 2 mins read

The House Financial Services Committee has advanced a significant bill aimed at regulating stablecoins, known as the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE). The bill received a vote of 32 in favor and 17 against during a lengthy hearing led by Chair French Hill, who emphasized the need for regulations to maintain global competitiveness in the evolving blockchain landscape. The STABLE bill, introduced by Hill and

FTX to start repayments on May 30

March 31, 2025 1 min read

FTX is preparing to start repaying claims over $50,000 on May 30, 2023, nearly 27 months after its collapse in November 2022. The company, led by CEO John Ray III, will use part of its $11.4 billion cash reserve to pay major creditors. Bankruptcy attorney Andrew Dietderich mentioned that FTX is dealing with an overwhelming number of claims, estimated at “27 quintillion,” many of which are considered fraudulent or questionable.

Coinbase quickly stops a supply chain attack on its agentkit AI tool

March 24, 2025 2 mins read

Coinbase has successfully thwarted a cyberattack targeting its open-source AI toolkit, agentkit. The attacker aimed to exploit GitHub permissions to insert harmful code into the project’s automated build system. Thanks to Coinbase’s quick response and support from security experts, no significant damage occurred. The incident was first reported on March 23 by Yu Jian, founder of the security firm SlowMist. He referenced a detailed report from Unit 42, the security

Coinbase to introduce futures contracts for Cardano and Natural Gas

March 16, 2025 1 min read

Coinbase is looking to gain regulatory approval to launch futures contracts for Cardano (ADA) and Natural Gas (NGS). This initiative aims to broaden its offerings in both the energy and crypto derivatives markets. Coinbase Derivatives, the company’s futures exchange, announced that it has submitted the necessary documentation to the Commodity Futures Trading Commission (CFTC) for self-certification of these futures. Self-certification allows Coinbase to claim compliance with regulatory standards, speeding up

Over $3.29 billion worth of Bitcoin and Ethereum options set to expire today

March 15, 2025 2 mins read

Today marks a crucial event in the crypto market as billions in Bitcoin and Ethereum options are set to expire. This expiration could lead to short-term price volatility, impacting market sentiment and trader strategies. A large number of contracts will settle, prompting traders to adjust their positions. Bitcoin options dominate the expiring contracts, making up the bulk of the total. Despite current market challenges, the put-to-call ratio indicates a generally

The White House Official X account promotes Bitcoin

March 9, 2025 1 min read

A surprising post about Bitcoin was shared on the White House’s official X account on a Saturday night. The post declared, “America as the world’s Bitcoin superpower,” echoing a slogan from the Trump administration, “America’s golden age has begun.” It included a photo of former President Donald Trump signing the Bitcoin Strategic Reserve Executive Order alongside David Sacks, the US cryptocurrency and artificial intelligence chief. This unexpected post did not

David Sacks slams allegations of financial misconduct as slander and defamation

March 9, 2025 1 min read

David Sacks has responded to accusations that he manipulated crypto markets for personal gain. He called these claims baseless during an episode of The All-In Podcast. Sacks, who is involved with AI and crypto in the White House, faced serious allegations suggesting he inflated his crypto holdings. He emphasized that he sold all his crypto assets before joining the administration to avoid any conflict of interest. This included Bitcoin, Ethereum,

Binance experiences a surge in net inflows after the Bybit hack

March 6, 2025 1 min read

After the Bybit hack, Binance saw a huge increase in net inflows, reaching $3.9 billion in just one week. This was a big jump compared to previous months. The hack was the largest theft in crypto history, causing Bybit to drop from the second-largest exchange to the eleventh. As users left Bybit, Binance took advantage of the situation, bringing its total net inflows for February to $5.32 billion. In contrast,

Bybit hackers are near completing the laundering of $1.5 billion in stolen ETH

March 3, 2025 1 min read

North Korean hackers involved in the Bybit breach are close to laundering 499,000 ETH, valued at around $1.5 billion. They have already moved about 70% of the stolen funds and expect to complete the process in three days. The hackers used various methods, such as intermediary wallets and decentralized exchanges, making it hard for investigators to track the stolen ETH. Criticism has grown against Circle, the issuer of the USDC

President Trump to host the first-ever White House Crypto Summit

March 2, 2025 1 min read

President Donald Trump will host the first White House Crypto Summit on March 7. This event will bring together industry leaders, CEOs, investors, and members of the President’s Working Group on Digital Assets. David Sacks, the White House AI and Crypto Czar, shared this on X. The summit comes after Trump’s recent executive order. This order forms a group to help make America a leader in cryptocurrency. Sacks will lead

Bitcoin Reserve bills face setbacks as Republican divisions grow

February 26, 2025 1 min read

Bitcoin Reserve bills are facing major obstacles. Several Republican-led states are turning down these proposals, despite some early backing. The split among GOP members has cast doubt on the future of these bills. Recently, about 30 states have attempted to pass laws to add Bitcoin to their state reserves. Use Bitcoin to protect against inflation. Experts say that if these bills pass, it could result in billions in Bitcoin purchases,

The SEC ends its probe into OpenSea without legal action

February 25, 2025 1 min read

The SEC has ended its investigation into OpenSea without taking legal action or labeling NFTs as securities. This is a significant victory for the NFT industry and a relief for OpenSea as it prepares to launch its token in 2025. OpenSea’s CEO, Devin Finzer, praised the SEC’s decision. He called it a win for the web3 and NFT community. Finzer criticized the SEC’s attempt to regulate NFTs under current laws.