Kanye West’s YZY memecoin left thousands of wallets devastated as coordinated snipers extracted millions while retail investors lost out.
Michael Saylor’s Strategy does not ‘move the price’ of Bitcoin — Exec
Strategy’s corporate treasurer Shirish Jajodia says, “We’re actually buying Bitcoin around the clock. Almost every day, every hour, every second.”
US House adds CBDC ban to massive defense policy bill
The House slipped a provision banning the Federal Reserve from issuing a digital currency into a nearly 1,300-page bill on defense policy.
CFTC launches second ‘Crypto Sprint’ to advance White House push
The CFTC is seeking public input on how it can more effectively regulate spot crypto trading as part of its second “crypto sprint” initiative to advance the White House’s crypto agenda.
Australia busted 14K scams since 2023 — 21% touted fake crypto
ASIC Deputy Chair Sarah Court said the regulator has now beefed up its scam enforcement to include monitoring social media ads.
Bitcoiner loses $91M in social engineering attack: ZachXBT
A Bitcoiner fell victim to a social engineering attack after being approached by impostors posing as hardware wallet support, losing 783 BTC worth $91 million.
Altcoin treasury race: VERB TON acquisition company announces $780M in assets
Public companies continue to diversify into altcoins, but with mixed effects on share prices and mixed reception from investors.
Pennsylvania state lawmaker proposes ban on public officials trading crypto
The bill pushed by the representative included a ban on lawmakers and their families from “launching, promoting, or trading in coins where they hold a personal financial interest.”
Ethena crosses $500M in cumulative revenue as synthetic stablecoins gain ground
While the overall stablecoin market is up 4% in August, some synthetic stablecoins, such as Sky Dollar and Falcon USD, have had even more substantial gains.
US OCC terminates 2022 order targeting Anchorage Digital over AML
The financial regulator said the bank’s “compliance with laws and regulations does not require the continued existence of the order,” first issued in April 2022.