Why Is Congress Revisiting Crypto Ethics Now? Senator Kirsten Gillibrand has proposed barring elected officials and their spouses from issuing or sponsoring their own digital assets, placing ethics rules at the center of the Senate’s digital asset market structure negotiations. The New York lawmaker said Congress should support a restriction covering members of Congress, the
Why Did Aave’s Monad Market Grow So Quickly? Deposits on Aave’s newly launched Monad market crossed $100 million on Saturday, roughly two days after the decentralized lending protocol deployed V3 on the network. The launch brought lending, borrowing, and Aave’s GHO stablecoin to Monad for the first time. The market opened with support for 12
Why Are Trump Token Losses Back In Focus? Roughly two-thirds of the wallets that bought President Donald Trump’s official memecoin had recorded losses by the end of June, according to data from analytics firm Nansen. The figures show that 988,905 of about 1.48 million wallets that bought the Official Trump token were in the red,
Why Are Binance Outflows Rising? Binance recorded a sharp increase in weekly net outflows as Ethereum withdrawal activity on the exchange climbed to its highest level in more than 3 years. The exchange saw $1.23 billion in net outflows during the week beginning June 29, up 207% from about $400 million in the previous week,
Why Did Bitcoin ETFs Post Another Negative Week? U.S. spot bitcoin ETFs shed about $527 million over the holiday-shortened week ending Thursday, July 2, extending their weekly outflow streak to 8 consecutive weeks and setting the longest negative run in the category’s history. The drawdown came across only 4 trading sessions, with U.S. markets closed
How Did the Belgian Phishing Network Operate? Belgian authorities arrested a 19-year-old suspected of playing a key role in a European phishing and money-laundering network that stole more than 500,000 euros, or about $572,000, through fake government communications and remote-access software. The suspect was detained in an Airbnb in Antwerp, where police also found a
Why Is A7A5’s Trading Activity Being Challenged? A dispute is widening between A7A5, a sanctioned ruble-backed stablecoin issuer, and blockchain analytics firms over how much of the token’s reported activity reflects genuine market usage. A7A5, a Russian cross-border stablecoin designed to support payments outside Western financial channels, says it averages about $205 million in daily
Why Is Upbit Distancing Itself From Open USD? South Korean crypto exchange Upbit said it is not participating in the issuance of Open USD, pushing back after its operator Dunamu was listed among more than 140 businesses involved in the new dollar-backed stablecoin initiative. The exchange said its involvement had been overstated and framed its
Why Are Bitcoin Exchange Deposits Raising Concern? Bitcoin deposits to exchanges have surged to levels seen only a handful of times this year, a pattern that has historically preceded sharper volatility and larger directional moves across the crypto market, according to CryptoQuant. Daily bitcoin deposits climbed to nearly 49,000 BTC on June 30, close to
Why Is Bitcoin’s Realized P&L Ratio Drawing Attention? Bitcoin’s realized profit and loss ratio has fallen to a 43-month low of -0.35, placing the market in one of its deepest realized-loss phases since the collapse of FTX in late 2022. The realized P&L ratio measures the net share of bitcoin supply being moved in profit