NEWS
Ondo Finance explores deal valued at up to $500 million
Tokenized asset specialist Ondo Finance is evaluating a potential acquisition of between $250 million and $500 million, according to a person with knowledge of the…
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Hyperscale Data sells 100 BTC to fund Michigan AI data center
The Bitcoin miner is using part of its treasury and a BTC-backed credit facility to fund an AI campus tied to a potential multi-billion-dollar infrastructure…
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Tokenized Gold Survives DeFi Test as Lending Adoption Lags
Demand for tokenized gold has surged this year as physical bullion climbed to record highs, but very little of the asset is being put to…
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Elon Musk’s xAI Sues Minnesota to Kill the US’s First AI Nudification Law
In brief xAI filed a First Amendment lawsuit Monday against Minnesota AG Keith Ellison to block HF 1606, the country’s first law targeting AI nudification…
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Australia Sues Telegram for $38M Over ‘Pro-Terror’ Videos
In brief Australia’s eSafety Commissioner has filed civil penalty proceedings against Telegram, seeking up to A$54.6 million ($38 million). The regulator says it could ask…
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Is the Clarity Act dead?
Ask an Expert Q. The Clarity Act, yea or nay? Yea, with one important caveat. The objective cannot simply be to make life easier for…
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There is a hidden tax risk of crypto perps that no one is talking about, says CME’s CEO
U.S. approval of perpetual futures contracts could expose traders to unexpected tax and regulatory uncertainty if the products are ultimately determined to be swaps rather…
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Why Aave proposes quitting 6 blockchains that earn under $5,000 a quarter
Aave, the largest decentralized lending protocol, is considering a proposal to abandon six of the blockchains it had expanded onto, in a cleanup affecting about…
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South Korea Stock Market Woes Spark A Crypto Trading Spike
Cryptocurrency trading volumes spiked in South Korea as its stock market fell by nearly 18% this week. Key points: South Korean exchanges see a 600%…
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JPMorgan warns crypto risks losing out as Clarity Act stalls
The proposed act is widely viewed as a cornerstone for the next phase of institutional crypto adoption. By establishing clear rules for digital assets, the…
