Analysis
Crime
Google cracks down on scammers behind counterfeit crypto apps
Google has filed a lawsuit against three scammers who allegedly created dozens of fraudulent apps to steal crypto.
Adoption
VanEck predicts Ethereum Layer-2’s collective market cap will climb to $1 trillion by 2030
The prediction is based on the significant growth and impact these technologies are expected to have on enhancing Ethereum's scalability and efficiency.
Regulation
SEC director refutes narrative that regulator lacks regulatory framework for crypto
SEC's enforcement director Gurbir Grewal refuted claims of ambiguity in the SEC's approach, emphasizing the transparency and consistency of the regulatory process.
Regulation
UK regulators launch sandbox to integrate DLT with financial system
The sandbox aims to explore the integration of cutting-edge technologies like DLT into the financial market infrastructure.
DeFi
Coinbase raises concerns about risks stemming from Ethereum restaking
Restaking has quickly become a critical component of Ethereum's infrastructure but there are concerns surrounding financial and security vulnerabilities.
Crypto
US government moves $130 million in Bitcoin confiscated from Silk Road to Coinbase
The move occurred amid a major dip in Bitcoin that took its price to a weekly low of $64,500 per BTC before bouncing above the key $65,000 support level.
DeFi
Solana DEX trading volume hits monthly ATH of $60 billion
The surge in trading volume aligns with a significant interest in memecoins within the Solana ecosystem.
Crypto
Bitcoin falls over 4% to retest $68k support as Q2 starts
The flash crash resulted in $319.43 million in liquidations over the past 24 hours — with longs making up the vast majority at $252.42 million.
Memecoins
Vitalik believes memecoins should be used for philanthropy and social impact
Buterin believes the crypto community needs to pivot toward initiatives that harness the collective interest in memecoins for constructive purposes.
Legal
Court freezes Craig Wright’s assets to ensure payment of legal fees
The court has frozen £6 million of Craig Wright's assets due to concerns over a "dissipation" of assets.
Crypto
Bitwise CIO expects institutions to inject over $1 trillion into Bitcoin via ETFs
Hougan posited that even a modest average allocation of 1% from global wealth managers to Bitcoin could result in approximately $1 trillion entering the space.
Politics
US, UK initiate joint probe into $20 billion moved via crypto to evade Russian sanctions
The transactions are suspected of being routed through Russia-based crypto exchange Garantex.