Open USD takes on Tether, Circle with a different stablecoin model that's 'building money'
The “overwhelming majority” of Open Standard’s equity will be distributed over time to partners based on how much they help grow the stablecoin, CEO Zach…
U.S. CFTC seeks event contract definitions that may defy states' gambling claims
As it battles with states over prediction markets, the CFTC sent two related rules on swaps definitions for White House review. Source:CoinDesk
Bitget hackers move $4 million into Zcash’s private pool, making funds harder to trace
Three transfers pushed about 15% of the stolen ZEC into Ironwood, where payments hide their senders, recipients and amounts. Source:CoinDesk
Bitcoin stalls near $83,000 while lighter drops 17% on Robinhood perps plan
Bitcoin held near $83,000 as the 30year Treasury yield topped 5.6%, while DeFi tokens reversed and lighter fell after Robinhood unveiled U.S. perps.…
Winklevoss-owned Gemini switches Zcash software ahead of faster 25-second blocks
The new Zakura nodes caught up with the network in just over six hours in Gemini’s deployments. The crypto exchange’s previous software took close to a day.…
Bitcoin rally shows signs of cooling even as a 'bull score' gauge nears its perfect score
A trend guage tracked on onchain analysis firm CryptoQuant is near its ceiling. The buyers who drove BTC to an eightmonth high are already pulling back.…
Ethereum users get another way to pay privately as zk.money returns after three years
The relaunched wallet hides payments made on the Aztec Network, while deposits from Ethereum remain visible. Source:CoinDesk
Zcash developers begin moving Tachyon code into faster private-payment software
Developers are starting to fold Project Tachyon into Zakura Common as they work toward a longterm target of more than 50,000 private payments a second.…
Aave leads DeFi higher as crypto shrugs off surging bond market
Aave jumped 11% on speculation over a token burn, with 72 of 100 CoinDesk 100 constituents higher even as the 10year Treasury yield sat at 5.234%.…
Live updates: Bitcoin rebounds above $84,000 as ETFs draw in $30 million
Ether led a modest recovery among major tokens, while ZEC extended its slide and its U.S. fund posted the only outflow among crypto ETFs on Monday.…
The restaking gold rush is over, and top protocols are barely making a profit
As restaking yields dried up and smartcontract risks mounted, Ethereum's top liquid restaking protocol walked away from its core business to build a crypto…
Tether is a ‘lifeline’ for Iranian regime, Senate Dems say in new report
Democrats on the Senate's Permanent Subcommittee on Intelligence published a report alleging that USDT had become a key tool for the Iranian government.…