Crypto
AI Summary
- The U.S. Treasury is actively seeking public input on state-level stablecoin regulations, signaling a move towards a more defined regulatory framework for digital assets.
- Institutional interest in crypto custody is growing, with EDX Markets, backed by Citadel, applying for a U.S. trust bank charter to expand its services.
- Quantum computing poses a growing threat to blockchain security, with researchers warning that it could break Bitcoin's encryption sooner than expected, prompting interest in post-quantum blockchains.
- The crypto market is experiencing significant volatility and security concerns, as evidenced by the suspected $285 million exploit on the Solana DeFi platform Drift Protocol and warnings about unusual trading activity.
- Despite market fluctuations and regulatory scrutiny, Bitcoin ETFs saw substantial inflows in March, marking the first monthly gain of the year, and Wall Street analysts are noting the decreasing drama in Bitcoin's drawdowns.
Sources
Cointelegraph
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Crypto exchange Bithumb to delay IPO until after 2028: Report
2 hours ago
by Cointelegraph by Turner Wright
Latest NewsAccording to the company CFO, Bithumb was “strengthen[ing] accounting policies and internal controls” ahead of its IPO plans, already delayed from 2025.
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US Treasury seeks public input for state-level stablecoin regulations
3 hours ago
by Cointelegraph by Vince Quill
Latest NewsThe Treasury published its notice of proposed rulemaking as the market capitalization of dollar-pegged stablecoins neared $300 billion.
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Hyperliquid whale makes $80M bet on market crash: Is Bitcoin in trouble?
3 hours ago
by Cointelegraph by Marcel Pechman
Market AnalysisA Hyperliquid DEX whale has placed an $80 million bet that Bitcoin will crash and oil will rally, but data show this trader has lost millions in the past.
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EDX seeks OCC trust bank charter for institutional crypto custody
3 hours ago
by Cointelegraph by Nate Kostar
Latest NewsThe crypto exchange seeks a charter from the Office of the Comptroller of the Currency to separate custody from trading and expand services under a regulated banking framework.
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Pro-crypto PAC to be headed by Tether executive ahead of US midterms
4 hours ago
by Cointelegraph by Turner Wright
Latest NewsA debate over stablecoin yield, likely to impact Tether, is underway in the US government as lawmakers consider a market structure bill.
CoinDesk
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Citadel-backed EDX Markets applies for U.S. trust charter to expand institutional crypto services
5 hours ago
by Helene Braun
Markets, NewsThe Citadel-backed exchange is seeking approval to offer custody and asset services as institutional demand grows.
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Solana DeFi platform Drift confirms 'active attack' as $200M+ leaves platform
6 hours ago
by Helene Braun
Tech, Solana News, DeFi, Breaking News, NewsThe platform halted deposits while it investigates suspicious activity and urges users to proceed with caution.
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Galaxy Digital's testnet suffers hack but no client funds or information were compromised
6 hours ago
by Will Canny
Tech, Hack, Exclusive, Galaxy Digital, NewsMike Novogratz’s crypto financial services firm said unauthorized access was limited to a segregated R&D workspace; trading systems and client accounts were unaffected.
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Crypto Long & Short: Governance is the real Layer 1
8 hours ago
by Nilmini Rubin
CoinDesk Indices, Crypto Long & Short, Institutional Investors, Institutional Adoption, NewsIn this week’s Crypto Long & Short Newsletter, Nilmini Rubin writes on the challenge facing crypto and traditional markets to create a hybrid, shared governance structure. Then, Meredith Fitzpatrick covers how financial institutions must fundamentally rethink AML risk as crypto and TradFi converge.
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The Protocol: Quantum computing could break Bitcoin sooner, says Google
8 hours ago
by Margaux Nijkerk
Tech, Newsletters, Ethereum News, Bitcoin News, Google, NewsAlso: OpenAI raises $122 billion, crypto ecosystems diverging post-quantum strategies, and Base’s 2026 roadmap.
Decrypt
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These Three Altcoins Just Got Leveraged Crypto ETFs
3 hours ago
by André Beganski
CoinsVolatility Shares, the company that launched the first leveraged crypto fund in the U.S., is expanding its roster to smaller digital assets
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Solana DeFi Exchange Drift Protocol Exploited, Upwards of $285 Million Stolen
4 hours ago
by Logan Hitchcock
DeFiSolana-based perpetuals DEX Drift Protocol has suffered an exploit impacting more than $200 million in funds.
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Google's Veo 3.1 Lite Cuts API Costs in Half as OpenAI's Sora Exits the Market
4 hours ago
by Jose Antonio Lanz
Artificial IntelligenceGoogle's cheapest video model yet targets developers burned by high generation costs, arriving just days after OpenAI pulled the plug on Sora.
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Elon Musk’s SpaceX Files Confidentially for Record-Breaking $1.75 Trillion IPO
5 hours ago
by Jason Nelson
BusinessElon Musk’s rocket company has confidentially submitted IPO paperwork to U.S. regulators, potentially setting up one of the largest public listings in history.
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Fed's Barr Says Stablecoins Need Tighter Controls to Fight Money Laundering
6 hours ago
by André Beganski
Law and OrderThe Fed governor has previously said that stablecoins risk undermining the U.S. central bank’s credibility.
AMBCrypto
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Is Chainlink’s strong whale accumulation enough for LINK’s $10 breakout?
an hour ago
by Gladys Makena
Altcoin, ChainLink, News, News 1, Social, Trading View, ambcryptoLINK could reclaim $9.5 and retest $10, but downside risk toward $8.4 remains if selling continues.
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Strategy nears 2,000 Bitcoin via STRC – What 80% retail ownership means
2 hours ago
by Ishika Kumari
Bitcoin, BTC Trading View, News, News 1, Social, Trading View, ambcryptoWhy is STRC gaining more traction in comparison to MSTR?
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ZCash builds bullish momentum, but THIS still blocks ZEC’s rally
3 hours ago
by Akashnath S
Altcoin, Analysis, HideCryptopanic, News, News 1, No Homepage, Social, Trading ViewThe OBV lacked a trend on the 4-hour chart, undermining the idea that sustained demand can lead to a ZCash breakout.
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Stable sees a 20% surge: Can price see another bullish push?
4 hours ago
by Kelvin Murithi
Altcoin, News, News 1, Social, Trading ViewStable prices surge by 20% on strong volume as bulls target the $0.040 psychological resistance level.
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Drift Protocol halts operations after suspected $285m exploit as funds move across wallets
4 hours ago
by Adewale Olarinde
DeFi, News, News 1, Social, Trading ViewDrift Protocol has paused operations following an active attack, with early estimates suggesting losses near $285m