FDIC Greenlights Crypto for Banks: Regulatory Shift Opens Door to Mainstream Adoption
The FDIC has ended its prior approval requirement for banks engaging in crypto activities, marking a major shift in U.S. crypto banking policy. This move opens the door for thousands of banks to explore services like crypto custody and settlement, accelerating digital asset adoption.
Broken Bets: The Polymarket Bitcoin Reserve Fiasco Reveals Web3’s Gray Areas
A $15 million prediction market on Polymarket about a potential U.S. Bitcoin reserve has erupted in controversy after a proposed “Yes” outcome sparked dispute. The unresolved market highlights the limitations of oracles and the challenges of defining truth in decentralized systems.
Galaxy Digital Pays $200M in Landmark NYAG Settlement Over Terra Misconduct
Galaxy Digital has agreed to a $200 million settlement with the New York Attorney General over allegations of misleading investors during its Terra (LUNA) promotions. The case highlights growing regulatory pressure on crypto firms and the ethical divide between insiders and retail investors.
Terraform Labs Opens $185M Claims Portal for Terra Collapse Victims
Terraform Labs will open a claims portal on March 31, 2025, offering up to $185 million in compensation to investors affected by the 2022 collapse of its TerraUSD (UST) and LUNA tokens. The move is part of the company’s Chapter 11 restructuring and aims to provide partial restitution through a structured, court-supervised process.
Hyperliquid’s $20M Meltdown: JELLY Token Manipulation Sparks DeFi Trust Crisis
A high-leverage short on the thinly traded JELLY token triggered a $20 million loss on Hyperliquid, shaking trust in one of DeFi’s fastest-growing platforms. The incident reignited debate over whether decentralized protocols can truly protect users from manipulation without resorting to centralized interventions.
March Madness or Market Madness? Robinhood Faces Backlash Over ‘Game-Like’ NCAA Bets
Robinhood is under regulatory scrutiny for its NCAA-themed event-based contract feature, which critics say blurs the line between investing and gambling. Massachusetts authorities worry the gamified approach could mislead younger users into risky financial behavior.
Gaming Catalyst Program: Arbitrum DAO Debates Future of $225 Million Investment
Arbitrum DAO is reconsidering its $225 million Gaming Catalyst Program after delays and transparency concerns sparked a community-wide debate. The outcome could significantly impact the future of Web3 gaming on the Arbitrum network.
Coinbase Eyes $5B Deribit Acquisition in Bid to Conquer Crypto Derivatives Market
Coinbase is in advanced talks to acquire Deribit, the leading crypto options exchange, in a deal valued between $4 billion and $5 billion. The move would mark a major expansion into the booming derivatives market, positioning Coinbase to compete more aggressively with global giants like Binance and OKX.
Tornado Cash Cleared: U.S. Treasury Lifts Sanctions After Court Rebuke
The U.S. Treasury's decision to lift sanctions on Tornado Cash has stirred fresh controversy, with critics warning that dismissing the case without a final ruling leaves critical legal questions about open-source code and decentralization unresolved. While privacy advocates hail the move as a win for financial freedom, others see it as a regulatory retreat that could embolden illicit actors.
Crypto Gets a Seat at the Table: Australia Targets De-Banking and Regulatory Clarity
Australia is moving decisively to integrate cryptocurrency into its financial system with a landmark regulatory framework that promises oversight and inclusion. Announced by the...
