Activity-based rewards are allowed, but anything ‘economically equivalent to interest’ is barred. Crypto industry leaders reviewed the draft stablecoin yield language in the Digital Asset Market Clarity Act during a closed-door session on Capitol Hill on Monday, and the opening reaction was that the text was overly narrow and unclear, according to CoinDesk. The draft,…
Bittensor subnet tokens’ cumulative valuation has climbed to $1.5 billion as nearly every token in the ecosystem posts double- or triple-digit 30-day gains. Decentralized artificial intelligence (AI) protocol Bittensor’s native TAO token has rallied roughly 90% over the past month from around $180 at the start of March to above $332 as of March 24,…
The new unit will coordinate policy development and work alongside the SEC’s Crypto Task Force. The U.S. Commodity Futures Trading Commission (CFTC) on Tuesday announced the formation of an Innovation Task Force aimed at developing clearer regulatory frameworks for crypto assets, artificial intelligence, and prediction markets within U.S. derivatives markets. “By establishing a clear regulatory…
Invesco, with over $2T in AUM, will become the first TradFi asset manager to use Superstate’s digital transfer agent infra. Invesco, one of the world’s largest asset managers with $2.2 trillion in assets under management, will become the investment manager of Superstate’s flagship tokenized U.S. Treasuries fund USTB, the two firms announced Tuesday, March 24….
Aave V4 has successfully completed the Aave Request for Comments stage, with the protocol’s team now preparing for final AIP deployment and mainnet launch. Aave V4 has passed the ARFC (Aave Request for Comments) stage, according to an announcement from Aave founder Stani Kulechov on March 23. The protocol is now moving toward final AIP…
The Resolv hack wasn’t a surprise. The same structural flaw has drained hundreds of millions from Morpho, Euler, and Fluid over the past year and the industry kept building on top of it anyway. On a quiet Sunday morning, someone turned $100,000 into $25 million in about seventeen minutes. The target was Resolv, a yield-bearing…
The Open Wallet Standard aims to fill a gap in the rapidly growing agentic payments stack by giving AI agents a universal, non-custodial way to hold funds and sign transactions across blockchains. MoonPay on Monday released the Open Wallet Standard (OWS), an MIT-licensed, open-source specification that defines how AI agents interact with crypto wallets, including…
The largest Ethereum treasury company added another 65,341 ETH last week. Bitmine Immersion Technologies, the publicly traded company pursuing what it calls the ‘Alchemy of 5%’ of Ethereum’s total supply, said its combined crypto and cash holdings have reached $11 billion as it ramps up purchases amid the U.S.-Iran conflict. Chairman Thomas Lee framed ETH’s…
The prediction market is updating insider trading and manipulation rules days after inking an exclusive partnership with Major League Baseball. Polymarket on Monday announced updated market integrity rules across both its DeFi platform and its CFTC-regulated U.S. exchange, amplifying requirements governing insider trading and market manipulation. The new standards appear in the DeFi platform’s Terms…
Former Kalshi employees are raising capital for 5c(c) Capital, a venture firm focused on prediction market infrastructure. Two early Kalshi employees are raising up to $35 million for what may be the first venture fund dedicated to prediction market startups, according to a pitch document seen by Fortune. The fund, called 5c(c) Capital, is led…