BLOCKCHAIN • CRYPTOCURRENCY • NARRATIVE JOURNALISM
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A $294 million exploit targeting KelpDAO sent shockwaves through decentralized finance, but rate limits built into Spark Protocol appear to have blunted the downstream damage, shifting attention from the raw size of the loss toward the risk controls that contained it.
Brazil is moving toward an October deadline for crypto licensing as its central bank tightens oversight of the digital asset sector, raising compliance stakes for exchanges and virtual asset service providers operating in the country.
Beijing is signaling that it will not authorize a private yuan stablecoin, favoring instead a state-controlled digital currency that keeps issuance and oversight firmly in the hands of monetary authorities.
The Senate will not vote on the crypto Clarity Act before its summer break, pushing the Clarity Act vote until after the August recess and delaying the closely watched digital asset market structure bill into the next legislative window.
Brazil's central bank will require a mandatory 24-hour hold on crypto transfers above the equivalent of US$10,000 sent to foreign platforms or self-custody wallets, under a rule that takes effect on January 1, 2027.
Polymarket is facing a $170,000 lawsuit tied to a Trump prediction bet, a dispute that puts the prediction platform's handling of contract resolution back in the spotlight.
The Senate began the initial phase of the process, clearing the way for a possible vote on the CLARITY Act in September, according to CoinDesk reporting . The move sets up the crypto market structure legislation for a floor test in the coming weeks.
The CLARITY Act's next vote window now appears to be September rather than the earlier near-term timetable implied by prior coverage. Based on the official Senate calendar at senate.
Hackers are reportedly folding BNB Chain into a fake CAPTCHA malware playbook, using a familiar verification prompt as bait without any evidence in the brief that BNB Chain itself was technically compromised.
Russia's Federal Security Service says it detained more than twenty people in Moscow in a case tied to unregistered crypto exchanges that authorities say were helping Ukraine.