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Texas court issues judgment against Bancor DAO after it ignored summons
In a recent ruling from a Texas federal court, Bancor DAO, the operator behind the decentralized finance platform Bancor, has been dealt a significant legal blow. The court, presided over by Judge Robert Pitman, issued a default judgment against Bancor DAO after the entity failed to respond to a summons issued in January 2024. The…
Continue ReadingAnalyst Sees Hyperliquid’s $4M Loss as a Growth Opportunity for DeFi
Following a significant liquidation event on Hyperliquid, which resulted in a $4 million loss for the decentralized exchange (DEX), discussions have emerged labeling the occurrence a vital stress test for decentralized finance (DeFi) protocols. Analysts are examining the potential ramifications of such incidents on financial stability and on Hyperliquid’s native HYPE token, suggesting potential long-term…
Continue ReadingDemocrat lawmaker urges Treasury to cease Trump’s Bitcoin reserve plans
House Representative Gerald E. Connolly from Michigan has recently intensified his criticism of the Trump administration’s proposed establishment of a strategic cryptocurrency reserve, urging the U.S. Treasury to halt any attempts to create such a reserve. In a letter addressed to Treasury Secretary Scott Bessent on March 13, Connolly articulated that the plan poses significant…
Continue ReadingKristi Hardy: A Passionate Advocate for Kuna, Idaho
Kuna, Idaho, is more than just a place to live for Kristi Hardy—it’s a community she is deeply invested in, a town where she tirelessly works to make a difference. Whether it’s through her small business, her advocacy for education, or her commitment to family values, Kristi’s passion for her hometown shines through in everything…
Continue ReadingVermont follows SEC’s lead, drops staking legal action against Coinbase
Vermont’s Department of Financial Regulation recently announced the decision to rescind its “show cause order” against Coinbase, amidst allegations that the crypto exchange was offering unregistered securities via its staking service. This move comes in conjunction with the U.S. Securities and Exchange Commission’s (SEC) dismissal of its own legal case against Coinbase on February 28.…
Continue ReadingSolana Inflation Reform Effort Fails on Dramatic Final Voting Day
A recent vote on the Solana blockchain has resulted in a significant political and economic standoff. The proposed SIMD-0228, aimed at overhauling the network’s current inflation model, failed to gather enough support, leaving Solana’s high annual staking rewards intact for now. The defeat of this proposal reflects the tension between the network’s influential validators and…
Continue ReadingSolana CME futures tip impending US ETF approvals — Exec
The upcoming introduction of Solana’s futures contracts on the Chicago Mercantile Exchange (CME) is poised to mark a significant milestone for the asset, hinting at the forthcoming approval of Solana-based exchange-traded funds (ETFs) in the United States. Chris Chung, the founder of the Solana-centric swap platform Titan, spoke to Cointelegraph, expressing optimism regarding this pivotal…
Continue ReadingMGX Invests $2B in Binance in Historic Crypto Funding Deal
MGX has made a groundbreaking move in the crypto sector with its recent investment of $2 billion in Binance, potentially setting a precedent for future funding deals within the industry. This investment not only marks MGX’s debut into the digital asset and blockchain arena but also establishes a minority stake in one of the world’s…
Continue ReadingThe Future of Institutional Crypto Payments in a Rapidly Evolving Market
PayX has officially launched its pre-sale, a strategic move aimed at revolutionizing the digital payment landscape. This new platform is engineered to tackle the inefficiencies associated with traditional payment systems, which often suffer from slow transaction speeds, excessive fees, and security vulnerabilities. By leveraging advanced blockchain technology, PayX is positioned to deliver a streamlined global…
Continue ReadingL2 gaming activity spikes in February, but wallets decline — Report
Gaming activity on layer-2 blockchains has witnessed explosive growth, with some chains reporting increases exceeding 20,000% in February 2025. According to a recent report by DappRadar, despite this surge in activity, the number of daily unique active wallets (dUAWs) has overall declined by 16% compared to January, highlighting a complex and shifting landscape in the…
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