Stablecoins
Legal
OFAC keeps developers in the crosshairs despite Tornado Cash delisting
A recent article by the DeFi Education Fund highlighted that standards for sanctions are still unclear, while individuals and software still face enforcement.
Tokenization
Mantra CEO vows token burn to regain investor trust after OM collapse
John Patrick Mullin currently holds less than 1% of OM's circulating supply, but total allocation after vesting is unknown.
Gaming
Trump reportedly developing Monopoly-inspired crypto game
This would be the latest crypto foray linked to the US president, following a stablecoin, a DeFi application, and an investment in Bitcoin mining.
Hacks
ZKsync admin wallet compromised in $5 million theft, ZK slides over 8%
The exploiter minted 111 million ZK tokens related to the unclaimed amount from ZKsync's first airdrop.
Lending
DeFi crypto lending surpasses $19 billion in 2024, nearly doubling CeFi counterpart
Open borrows across DeFi protocols reached $19.1 billion in the fourth quarter, nearly double the $11 billion registered by centralized platforms.
ETF
SEC delays decisions on staking and in-kind redemptions for crypto ETFs to early June
Grayscale will get a SEC response on ETH staking on June 1, while VanEck in-kind redemptions for its ETFs will have a regulator feedback on June 3.
Mining
Tether commits hash rate to OCEAN Mining, extending mining operations on Africa
OCEAN's DATUM allows miners to create block templates to mine Bitcoin, boosting network decentralization.
Legislation
Senator says Florida will lead US efforts to hold Bitcoin as a strategic reserve
Gruters said Florida will embrace Bitcoin, expressing confidence that the state will become "the place to be" for crypto enthusiasts.
Trading
Standard Chartered, OKX, Franklin Templeton launch trading platform pilot with tokenized fund collateral
Brevan Howard Digital, a division of the global alternative investment manager Brevan Howard, is among the first firms to participate in the pilot.
Adoption
Survey reveals 1 in 5 Americans own crypto, with 76% reporting personal benefits
About 39% of holders use it to make purchases, while 31% use crypto to send money to family or friends.
Legislation
Senators reintroduce legislation to tighten rules on crypto custody
The bill prohibits co-mingling of customers' fund and establishes a framework for mandatory proof of reserves.
Regulation
SEC acting chair signals support for regulatory sandbox to facilitate crypto trading innovation
During the SEC Crypto Task Force's second roundtable, Uyeda proposed a time-limited regulatory sandbox to foster blockchain-based securities trading innovation while ensuring compliance.
