Zero Network assured users that all funds remain safe and bridgeable before the Ethereum Layer 2 permanently ceases block production on July 31. After operating for around 1.5 years, the Ethereum Layer 2 project Zero Network announced that it is shutting down its standalone chain and pivoting toward expanding the Zerion API and wallet…
Ripple joined a $6M funding round for cross-chain infrastructure platform Squid. Summary North Island Ventures led the $6M strategic round, with Ripple, Dialectic, and Borderless also participating. Squid has routed over $6 billion in volume through more than 4 million transactions since its January 2023 launch. The new funding brings Squid’s total raised to $13.5…
A Bitcoin reserve bill to codify Trump’s executive order gained a Nashville champion. Summary Rep. Matt Van Epps framed the American Reserve Modernization Act as an extension of Nashville’s growing Bitcoin ecosystem. ARMA would lock federally held Bitcoin for a minimum of 20 years and authorize Treasury to acquire up to 1 million BTC over…
Galaxy reportedly explored restructuring the merger through Canada after concerns grew over possible SEC opposition. BitGo and Galaxy Digital are continuing their courtroom battle over the collapse of a $1.2 billion acquisition agreement that was once expected to become the largest merger in the crypto industry. During proceedings this week in Delaware Chancery Court,…
Kalshi and Polymarket lost bids to block gambling cases in Nevada and Washington. Summary A Ninth Circuit panel denied emergency motions from both platforms to halt state-level gambling enforcement actions. The judges ruled that federal derivatives oversight does not automatically shield prediction markets from state gaming laws. The decision deepens a growing legal split over…
Kevin Warsh was sworn in as Fed chair on Friday as Bitcoin trades near $77,400. Summary Warsh took the oath from Supreme Court Justice Clarence Thomas at a White House ceremony, succeeding Jerome Powell. The Senate confirmed Warsh 54-45, with only Democrat John Fetterman crossing party lines to support the nomination. Bitcoin held near $77,400…
Verus had offered to drop investigations and not press charges if the attacker returned the stolen funds within a 24-hour deadline. The exploiter who drained the Verus-Ethereum bridge of over $11 million has returned $8.5 million to the project’s team, while keeping $2.8 million as a white-hat bounty. This comes barely a day after…
Clarity Act concerns from law enforcement are overblown, House Majority Whip Tom Emmer said. Summary Emmer called law enforcement objections to crypto developer protections a “red herring” aimed at slowing the bill. He defended shielding noncustodial developers from money transmitter rules under the Blockchain Regulatory Certainty Act. The Senate Banking Committee advanced the Clarity Act…
Senator Cynthia Lummis says the CLARITY Act is designed to end the regulatory ambiguity that has dogged American crypto consumers and the digital asset industry for years by clearly defining how tokens and market participants are treated under United States law. Summary Lummis says the CLARITY Act will end regulatory ambiguity for U.S. crypto users…
On May 22, 2010, a programmer named Laszlo Hanyecz traded 10,000 BTC for two pizzas worth roughly $41. Today, those same coins are valued at approximately $773M, as Bitcoin Pizza Day marks its 16th anniversary. The question this anniversary raises isn’t whether Laszlo made a mistake. The real question is what holding this asset through…
