Thai scammer’s $122M wallet, Japan embraces crypto credit: Asia Express
Bitcoin backed mortgages and stablecoin yield are hot topics in Japan right now, as Hyundai experiments with Avalanche for global stablecoin transfers. Asia Express
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CLARITY Act gains second law enforcement endorsement before Senate push
The Federal Law Enforcement Officers Association expressed support for the CLARITY Act but urged changes to the legislation’s language.
Bitcoin ETFs draw $197M, snap 8-week outflow streak
Analysts are not yet ready to call it a recovery in institutional demand for Bitcoin.
Empery Digital shares rise after selling Bitcoin treasury to fund AI data center project
The sales come months after a major Empery shareholder demanded the firm ditch its Bitcoin treasury strategy and force the resignation of its CEO and board.
DOJ moves to dismiss charges against alleged $722M BitClub fraudster: Report
Matthew Goettsche was set to face trial in October for conspiracy to commit wire fraud and selling unregistered securities.
DeFi may be ‘quietly re-rating’ given outperformance against Bitcoin: Bitwise
“DeFi usually swings much harder than Bitcoin, so holding up this well is unusual,” says Bitwise, as DeFi tokens have outperformed Bitcoin.
Crypto VC Paradigm raises $1.2B to push into AI
Crypto venture firm Paradigm is widening its investment gaze toward AI and other frontier industries with its latest fund.
Crypto could benefit if Fed steps in to backstop US stock market: Analysts
The size and scope of the US stock market “gives policymakers a strong incentive to backstop major drawdowns,” said Bitget Wallet COO, Alvin Kan.
Mark Cuban-backed DeFi dashboard Zapper shutters after 7 years
Zapper provided crypto market data to over 2 million monthly active users and oversaw more than $13 billion in processed transactions during its peak.
Strike launches ‘volatility-proof’ Bitcoin loans amid bear market, but at a cost
The cost of eliminating margin calls and forced liquidations is an interest rate as high as 14.2% and an obligation to pay on time, Strike CEO Jack Mallers said.