Crypto

The CLARITY Act could expand DeFi into tokenized equity and bond markets, but Senate uncertainty is keeping institutional capital on the sidelines. The post Clarity Act Uncertainty Keeps DeFi’s Bigger Market Bet on Hold appeared first on Cryptonews.

USDT and USDC contracts move from the next period, while returning to four-hour settlement requires 36 stable hours. The post KuCoin’s new perp rule can turn one funding-rate extreme into 36 hours of hourly settlements appeared first on CryptoSlate.

South Korea's Jeonbuk Bank is set to deploy Ripple Payments as businesses seek faster alternatives to traditional cross-border transfer routes.

The quant trading heavyweight rebuilt its Bitcoin ETF exposure during the second quarter, with BlackRock’s fund accounting for most of the position.

Bulls are stacking longs, liquidity is thinning and one key level could trigger large liquidations.

Jeonbuk Bank will use Ripple’s 24/7 cross-border payment service for business remittances, but it is unknown whether the flows will use XRP or Ripple’s RLUSD stablecoin.

The program came three months before investor unlocks begin, with MON trading below its public-sale price and most of the token supply still outside circulation.

Developers have been urged to test on Plataberget before Glamsterdam’s new gas model reaches Ethereum’s other testnets and mainnet. The Ethereum Foundation (EF) has warned that some wallets, indexers and gas estimators may break because of gas-model changes in the upcoming Glamsterdam upgrade.  On Monday, the EF’s Protocol DevOps team said any tool relying on a hardcoded maximum gas limit “will break” and must be updated. It urged developers to test their systems on Plataberget, a public testnet intended to operate for several months.  According to upgrade tracker Forkcast, Plataberget launched on Aug. 13. Meanwhile, the Glamsterdam fork is scheduled to activate on the network on Thursday, before its deployment on the Sepolia and Hoodi testnets.  Read more

Miners have cut their computing power by a fifth over three quarters to make room for AI, and Venice's token jumped 10% after the company said it crossed $100 million in annualised revenue.

Ripple is bringing its cross-border payments platform to Jeonbuk Bank, but key details including its launch status and settlement asset remain undisclosed. South Korea’s Jeonbuk Bank has partnered with blockchain payments company Ripple to deploy its cross-border payment system for business customers. On Tuesday, Ripple said its Ripple Payments platform would let the bank’s customers settle overseas transfers in seconds to minutes, with operations around the clock. The service targets businesses including import-export companies, technology startups and online content creators.  Ripple said its system would provide the bank with faster, less expensive remittance capabilities than conventional transfers routed through intermediary banks via the SWIFT messaging network, which can take several days.  Read more

One of the exchange's founders said the Chinese-language account had been compromised and was not being operated by current employees.

Prosecutors allege Edward Zimbardi collected crypto from thousands of investors, lost over $34 million on currency trades and spent at least $10 million personally. Edward Zimbardi, the alleged mastermind of a $165 million crypto Ponzi scheme, was returned to the United States after being deported from Fiji to face federal fraud and money laundering charges.  On Monday, the US Attorney’s Office for the Northern District of Georgia said that Fijian authorities deported Zimbardi on Friday in coordination with the FBI and State Department. He was scheduled to appear before a federal magistrate judge in Los Angeles, with prosecutors seeking his detention pending proceedings in Georgia.  Prosecutors allege Zimbardi promoted a scheme called “The Crypto Program” from June 2022 to August 2023 as an advertising-package investment promising guaranteed returns of 25% monthly. Thousands of investors allegedly sent over $165 million in crypto to wallets he secretly controlled.  Read more

Binance’s bStocks are the second largest tokenized stock issuer just two months after launch, and BitMart’s internal feud erupts into the spotlight ahead of its closure BitMart’s official Chinese-language X account has publicly demanded that founder Sheldon Xia explain the whereabouts of user funds and produce a repayment plan. It said some users were unable to withdraw funds and some employees have not received their final salary or compensation and threatened Xia that if he does not provide a verifiable asset disclosure and repayment plan by the deadline, it would continue to submit evidence to regulators, law enforcement, lawyers and the media. Xia called the claims in the post “fabricated rumors” and promised a counter-attack. Read more

Shareholders approved the vast capacity after the former BIT Mining’s NYSE suspension, but no specific use or exact post-consolidation share count was disclosed. The post Solana treasury firm cuts shares 700-for-1 but leaves room for nearly 100 billion more appeared first on CryptoSlate.

Payward is joining Project Glasswing, Anthropic’s program for giving vetted organizations access to its powerful cybersecurity AI.

Elon Musk’s AI firm says the state’s first-of-its-kind nudification ban violates the First Amendment. Minnesota says it regulates a tool, not speech.

Payward will use Anthropic’s cybersecurity model to hunt vulnerabilities and share open-source findings.

Pump.fun's rapid growth has brought massive revenue, but questions over token quality and platform behavior continue to follow the launchpad.

The PIPE’s Oct. 10 outside date lands 21 days before the notes mature, with $9.2 million of June liquidity. The post Crypto miner warns of potential bankruptcy as unclosed financing leaves $33 million in maturing debt exposed appeared first on CryptoSlate.

The US financial regulator gave conditional approval for World Liberty Financial’s charter bid as ten Democrats signed onto a bill to “prevent corruption in banking applications.“ Amid scrutiny and accusations of conflicts of interest from many lawmakers, the US Office of the Comptroller of the Currency (OCC) gave conditional approval for World Liberty Financial’s application for a national trust bank. In a Friday notice, the OCC said the conditional approval for World Liberty’s charter application, subject to certain regulatory and policy requirements, would allow the company to operate under the title World Liberty Trust Company, National Association. According to its application, the World Liberty bank proposed issuing US dollar-backed stablecoins and custodying digital assets related to the company’s USD1 token. The OCC approval came amid concerns about potential conflicts of interest between World Liberty and US President Donald Trump’s family. The president and his three sons are affiliated with the com...