DeFi Faces Risks Amid Clarity Act Deal
The crypto market structure bill is facing concerns as last-minute negotiations aim to secure bipartisan support, potentially impacting decentralized finance (DeFi) regulations. #Update #Crypto
Coindesk
CoinDesk.com is a prominent platform delivering essential news, market updates, and in-depth analysis on cryptocurrencies and blockchain technology. At Voted.News, we transform CoinDesk’s extensive coverage into concise, easy-to-read digests—enabling readers to keep pace with evolving market trends, regulatory shifts, and technological innovations effortlessly. Discover the best of CoinDesk.com at Voted.News, where clarity meets credibility.
eBTC Exploit Hits Echo Protocol for $76M
@EchoProtocol suffered a $76 million exploit as 1,000 unauthorized eBTC were minted on the Monad blockchain. #Breaking #Crypto $BTC (-8) ↘
Ethereum Foundation Faces High-Profile Departures
The Ethereum Foundation is experiencing significant leadership changes as it undergoes an internal transition to redefine its role within Ethereum. #Update #Crypto $ETH
Solana Attracts Billions from Major Banks
Wall Street and payment giants are moving billions into $SOL, enhancing its ecosystem for tokenized funds and global payments, shedding its memecoin reputation amid a cooling crypto market. #Update #Crypto $SOL
USDC Deal Supercharges HYPE Pressures Coinbase
Hyperliquid’s USDC revenue share deal could redirect $160 million from Coinbase and Circle, potentially impacting their margins, analysts at Compass Point report. #Update #Crypto $USDC
SEC Proposes Tokenized Stock Framework for Wall Street
The U.S. Securities and Exchange Commission plans to unveil a significant crypto proposal aimed at establishing a framework for tokenized stocks, advancing its digital assets agenda. #Update #Crypto
Crypto Custody Launches in Minnesota Banks
Minnesota establishes the Midwest’s first unified digital asset safety net for banks and credit unions, enabling crypto custody services starting August 1. #Update #Crypto $BTC $ETH
Dogecoin Launches Mainstream with Revolut Card
@Revolut is launching a physical debit card allowing users to spend $DOGE with zero extra exchange fees at any location accepting Visa and Mastercard. #Update #Crypto $DOGE
Bitcoin Gains as Galaxy Secures BitLicense
@GalaxyDigital has received a New York BitLicense, becoming the second firm this year to do so after @Strike in March, enhancing its institutional crypto operations. #Update #Crypto
Ethereum Security Boosted by AI Verification
Vitalik Buterin suggests that AI-assisted “formal verification” could enhance cybersecurity in cryptocurrency, potentially making it more secure. #Update #Crypto $ETH
Payments Network Launches Tokenization Revolution
The U.K. financial watchdog and central bank announced a roadmap for tokenization, promoting stablecoins for institutional settlements and a shift to 24/7 operations. #Update #Crypto
Ethereum Restores Borrowing Limits After $230M Exploit
Aave restores ether borrowing limits after reversing restrictions from April’s $292 million exploit, easing contagion fears across six networks. #Update #DeFi $AAVE
Crypto Security Surges in AI Arms Race
AI agents and automated payments may outpace current crypto monitoring systems, warns @Elliptic CEO Simone Maini, highlighting a potential compliance challenge in the evolving landscape. #Update #Crypto
Bitcoin Dips as HYPE Surges 7%
Hyperliquid’s $HYPE token surged 7% after Trade.xyz launched a pre-IPO perpetual market for SpaceX, valued at $1.78 trillion, outperforming declines in Bitcoin. #Update #Crypto $HYPE