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Bybit and Safe Custody Are at Odds on Who’s to Blame for $1.5B Hack
The apparent stand-off mirrors that of WazirX and Liminal Custody, which blamed each other following a $230 million exploit last July.
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The Protocol: Ethereum’s Pectra Goes Live on Testnet
Also: Avalanche Visa card launched; EF executive director leaving; hackers using fake GitHub to steal bitcoin.
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Core Scientific Stock Surges After $1.2B Expansion of Data Center With CoreWeave
The expansion will significantly increase Core Scientific’s AI and cloud computing capacity and increase total projected revenue to $10.2 billion over 12-year contract terms.
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SEC, Justin Sun, Tron Ask Court to Pause Fraud Case Over ‘Potential Resolution’
The U.S. Securities and Exchange Commission, the Tron Foundation and Justin Sun filed a joint motion Wednesday asking a federal judge to pause the securities regulator’s ongoing case against the crypto entrepreneur and his company. The motion is …
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Bitcoin Miners Drawing Power From Grids Will Face ‘Reckoning’ Post Next Halving, MARA Says
With rising energy cost, many miners may not survive the 2028 halving, MARA said.
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U.S. Appeals Court (Mostly) Affirms 2023 Ruling Tossing Out Uniswap Class Action Suit
Only the state law claims will get another shot.
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Gotbit Founder Aleksei Andriunin Extradied to U.S. on Fraud Charges
The 26-year-old Russian national had been living in Portugal.
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U.S. House Committee Advances Effort to Erase IRS’ DeFi Tax Rule
A joint resolution in Congress seeks to reverse a December move by the IRS to impose a tax regime in DeFi, and the House has taken the first steps to do that.
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Treasury Secretary Scott Bessent Hires Galaxy Digital Counsel to Advise on Crypto
Tyler Williams previously served several roles in the U.S. government.
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Bank of America CEO Says Bank Will Likely Launch Its Own Stablecoin
The United States Congress said that it would push to pass legislation on stablecoins in the first 100 days of the Trump administration.