Crypto
Legal
Tether stops fighting freedom of information request, allows disclosure of reserve data
CoinDesk has been permitted to access earlier reserve reports and other data.
Regulation
Texas regulator says Abra secretly moved funds to Binance, has been insolvent for months
The Texas State Securities Board filed an emergency cease and desist order and accused the company of fraud.
Regulation
Binance.US reportedly cuts 50 staff following SEC charges
The company has not officially confirmed the layoffs.
AI
Digital euro proposal set for debate as EU advances AI restrictions legislation
Separate proposals could impose restrictions in each area.
Analysis
Liquidations reach almost $130M as Bitcoin drops below crucial $25k level
Bitcoin saw massive liquidations over the past four hours.
Hacks
White hat hacker exploits Hashflow for $600K, seemingly just to return funds
Hashflow endorsed the white hat's recovery contract in instructions to users.
Regulation
SEC snubs Coinbase’s seven-day rulemaking request but could act by October
The regulator insists it is considering Coinbase's requests for regulatory clarity.
Legal
Binance.US and SEC told to reach compromise on restraining order
Binance.US and BAM could escape an asset freeze and partial retain control over funds.
Investments
Haru halts withdrawals and deposits
The service denied it carried out a "rug pull" but has not fully explained the situation.
Regulation
House Republicans tell SEC to refrain from expanding definition of exchange
The proposed rule change could affect DeFi, node operators, and software developers.
Regulation
Binance lawyers say SEC’s restraining order will do the damage it aims to prevent
The SEC's request could potentially lead to the breakdown of U.S. banking relationships and restrict access to funds.
Regulation
Circle CEO praises US stablecoin bill in remarks prepared for House committee hearing
Jeremy Allaire called a discussion draft bill a "crucial piece of legislation" that could create a strong market.