US Treasury Considers Digital ID in DeFi to Curb Illicit Finance

The US Department of the Treasury is seeking public feedback on how digital identity tools and other emerging technologies could be used to fight illicit finance in crypto markets, with one option being embedding identity checks into decentralized finance (DeFi) smart contracts. The consultation, published this week, stems from the newly enacted Guiding and Establishing…

Bitcoin and Ethereum ETFs Post ‘Biggest Week Ever’ For Volume

US-based spot Bitcoin and Ether exchange-traded funds (ETFs) just logged their strongest week of combined trading volume yet, according to an ETF analyst. “Biggest week ever for them, thanks to Ether ETFs stepping up big,” ETF analyst Eric Balchunas said in an X post on Friday. Ether ETFs were “asleep” for 11 months, says Balchunas…

Crypto Set to Become UAE’s Number 2 Industry: Chase Ergen

The crypto sector in the United Arab Emirates (UAE) is on track to become its second-largest industry in the next five years, due to the country’s regulatory policies and attractive business environment, according to Chase Ergen, a board member of publicly traded digital asset investment firm DeFi Technologies. “They have a reputation for leadership, legislation,…

BlackRock’s Rick Rieder on Why Current Investment Environment Is Best Ever

Rick Rieder, BlackRock’s chief investment officer of global fixed income, said earlier this week the current backdrop represents the “best investment environment ever,” citing unusually favorable dynamics in both equity and bond markets. Speaking on CNBC, Rieder described “extraordinary” technical conditions in equities, with trillions of dollars still parked in money market funds and robust…

Kraken Temporarily Halts Monero Deposits After Monday’s 51% Attack

Crypto exchange Kraken has temporarily paused Monero (XMR) deposits due to the ongoing 51% attack against the privacy-focused blockchain, which has compromised the security of the network. A 51% attack occurs when one mining pool controls more than 50% of a blockchain network’s total hashing power, giving it the ability to double-spend and reorder transactions…

Spot Ether ETFs Post Outflow Day After 8-Day Inflow Streak

Spot Ether exchange-traded funds (ETFs) closed the week with outflows after a nearly two-week streak of significant inflows. On Friday, US-spot Ether (ETH) ETFs saw $59.3 million in outflows, bringing an end to their eight-day inflow streak that added approximately $3.7 billion to the products, according to Farside data. Ether ETFs are an important signal…

Kraken Temporarily Halts Monero Deposits After Monday’s 51% Attack

Crypto exchange Kraken has temporarily paused Monero (XMR) deposits due to the ongoing 51% attack against the privacy-focused blockchain, which has compromised the security of the network. A 51% attack occurs when one mining pool controls more than 50% of a blockchain network’s total hashing power, giving it the ability to double-spend and reorder transactions…

Spot Ether ETFs Post Outflow Day After 8-Day Inflow Streak

Spot Ether exchange-traded funds (ETFs) closed the week with outflows after a nearly two-week streak of significant inflows. On Friday, US-spot Ether (ETH) ETFs saw $59.3 million in outflows, bringing an end to their eight-day inflow streak that added approximately $3.7 billion to the products, according to Farside data. Ether ETFs are an important signal…

Current Banking Reserve Requirements Holding Crypto Industry Back

Capital requirements for banks from by the Basel Committee on Banking Supervision (BCBS), which crafts banking standards, create a “chokepoint,” designed to throttle the growth of the crypto industry, according to Chris Perkins, president of investment firm CoinFund. The current capital rules lower a bank’s return on equity (ROE), a critical profitability metric in banking,…

Spot Ether ETFs Post Outflow Day After 8-Day Inflow Streak

Spot Ether exchange-traded funds (ETFs) closed the week with outflows after a nearly two-week streak of significant inflows. On Friday, US-spot Ether (ETH) ETFs saw $59.3 million in outflows, bringing an end to their eight-day inflow streak that added approximately $3.7 billion to the products, according to Farside data. Ether ETFs are an important signal…