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🇺🇸🛡️ US Secretary of Defense Pete Hegseth states that the US should secure a strategic advantage in Bitcoin, expressing that he is a "long enthusiast" of #BTC. link
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🕵️ Over 500 Dormant Ethereum Wallets Drained, Resulting in $800K Losses
According to CryptoSlate, more than 500 long-dormant Ethereum wallets have been drained, resulting in losses totaling around $800K. Over 260 ETH, worth roughly $600K, was moved to an Etherscan-labeled address Fake_Phishing2831105, which later recorded a transfer of 324.741 ETH to THORChain Router v4.1.1. The compromise path remains unclear, with potential causes including old private keys, seed phrases, legacy wallet tools, or key-management risks. link
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According to CryptoSlate, more than 500 long-dormant Ethereum wallets have been drained, resulting in losses totaling around $800K. Over 260 ETH, worth roughly $600K, was moved to an Etherscan-labeled address Fake_Phishing2831105, which later recorded a transfer of 324.741 ETH to THORChain Router v4.1.1. The compromise path remains unclear, with potential causes including old private keys, seed phrases, legacy wallet tools, or key-management risks. link
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🏦 The new Clarity Act prohibits crypto firms from offering yields on deposits in $STABLECOINS if the yield is functionally or economically equivalent to offerings from banks.
Coindesk Regulation #stablecoin link
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Coindesk Regulation #stablecoin link
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🔮 A16z Supports CFTC, Stating That Rules Regulating Prediction Markets at the State Level Create "Barriers to Seamless Access."
theblock.co regulation #regulation link
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theblock.co regulation #regulation link
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🏦 Taiwan Lawmaker Calls for Bitcoin Reserve Using Foreign Exchange Reserves
According to the Bitcoin Policy Institute (BPI), Taiwanese legislator Dr. Ko Ju-Chun delivered BPI’s report on establishing a Bitcoin reserve for Taiwan to Premier Cho Jung-tai and Taiwan central bank Governor Yang Chin-long during a formal Legislative Yuan session on April 29.
Ko urged the executive branch to explore allocating a portion of Taiwan's $602 billion in foreign exchange reserves to BTC as a strategic national asset. He also requested the central bank to submit a new report within one month on stablecoins and broader digital asset reserves. #stablecoin link
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According to the Bitcoin Policy Institute (BPI), Taiwanese legislator Dr. Ko Ju-Chun delivered BPI’s report on establishing a Bitcoin reserve for Taiwan to Premier Cho Jung-tai and Taiwan central bank Governor Yang Chin-long during a formal Legislative Yuan session on April 29.
Ko urged the executive branch to explore allocating a portion of Taiwan's $602 billion in foreign exchange reserves to BTC as a strategic national asset. He also requested the central bank to submit a new report within one month on stablecoins and broader digital asset reserves. #stablecoin link
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🚀 a16z Crypto: Why 'Stablecoins' Won't Age Well
According to a16z crypto, the term 'stablecoin' may eventually become outdated. The article argues that stablecoins were initially created to mitigate crypto volatility, but stability has now become a baseline feature rather than the main selling point.
Stablecoins are increasingly becoming financial infrastructure for instant cross-border transfers, real-time settlement, direct ownership, and embedded payments. The author suggests that the term may eventually be replaced by labels such as “digital dollars,” “digital euros,” or onchain assets. #stablecoin link
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According to a16z crypto, the term 'stablecoin' may eventually become outdated. The article argues that stablecoins were initially created to mitigate crypto volatility, but stability has now become a baseline feature rather than the main selling point.
Stablecoins are increasingly becoming financial infrastructure for instant cross-border transfers, real-time settlement, direct ownership, and embedded payments. The author suggests that the term may eventually be replaced by labels such as “digital dollars,” “digital euros,” or onchain assets. #stablecoin link
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🇺🇸🚀 Deal Reached on Stablecoin Yield Provision, Clearing Path for US Crypto Bill
According to Bloomberg, a deal has been reached on a key stablecoin yield provision that had stalled US crypto legislation. The agreement allows users to earn rewards for holding stablecoins but includes added restrictions to address concerns from banks about potential deposit flight. #stablecoin
According to Bloomberg, a deal has been reached on a key stablecoin yield provision that had stalled US crypto legislation. The agreement allows users to earn rewards for holding stablecoins but includes added restrictions to address concerns from banks about potential deposit flight. #stablecoin