Quick Breakdown ASIC now requires crypto firms offering financial products to obtain an AFSL by June 30, 2025. Bitcoin and NFTs remain exempt, but stablecoins and tokenized assets fall under financial product rules. Industry leaders welcome the clarity...
Quick Breakdown Fusaka upgrade goes live on Ethereum’s final testnet ahead of December 3 mainnet launch. Introduces PeerDAS, higher gas limits, and zero-knowledge rollup optimizations. Marks another step in Ethereum’s Surge phase, targeting greater scalability and parallel execution....
Quick Breakdown S&P Global assigns a “B-” rating to Michael Saylor’s Strategy, citing liquidity and Bitcoin exposure risks. First-ever S&P rating for a Bitcoin-treasury-focused firm, setting a TradFi benchmark. Despite the “junk bond” tag, MSTR shares rose following...
Quick Breakdown Ro Khanna plans to introduce a bill banning lawmakers from owning or creating cryptocurrencies. The move follows Trump’s pardon of Binance founder Changpeng Zhao, which Khanna labeled “corrupt.” Trump’s crypto ventures, valued at over $1 billion,...
Quick Breakdown GoPlus detected a suspected exploit on x402bridge, leading to $17,000 in USDC losses. The breach originated from a private key leak tied to the project’s backend system. 402bridge has paused operations and reported the incident to...
Quick Breakdown Kalshi has filed a federal lawsuit against New York regulators over claims its sports contracts are unlicensed gambling. The firm argues that the CFTC holds exclusive authority under the Commodity Exchange Act, making state enforcement unconstitutional....
Quick Breakdown Metaplanet approved a ¥75.4B ($500M) share buyback covering up to 13.1% of its stock. The program aims to raise BTC Yield and defend valuation amid a dip in market value. Funded through a Bitcoin-backed credit facility,...
Quick Breakdown dYdX governance will vote on a $462K compensation plan for traders affected by its October chain halt. The outage was caused by code misordering and oracle delays, leading to liquidation losses. Binance unveiled a $728M trader...
Quick Breakdown Tillis warns Congress must pass crypto laws by early 2025 before election politics slow progress. Government shutdown and House delays have stalled bills like the CLARITY Act. CFTC leadership change looms as Michael Selig awaits Senate...
Quick Breakdown ClearBank partners with Circle to advance stablecoin adoption and blockchain-based payments in Europe. The UK bank will join Circle Payments Network, enabling faster and cheaper cross-border transactions. The partnership builds on Circle’s growing European footprint, following...
