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News
CFTC Halts CME Plan for 24/7 Crude Oil Futures
The CFTC halted CME's proposed 24/7 crude oil futures contract pending a regulatory review of continuous futures trading.
Market News
Hedera Confirms Bonzo Lend Oracle Exploit Details
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Bonzo
Bonzo
Hedera confirmed a third-party oracle verification exploit caused the Bonzo Lend incident, leading to excessive borrowing on July 11.
South Korea Crypto Volume Drops Below KRW 10 Trillion
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Bithumb
Bithumb
South Korea's weekly crypto trading volume fell below KRW 10 trillion for the first time in nearly three years after five straight weeks of declines.
Coinbase Exec Faryar Shirzad Defends CLARITY Act as Senate Debate Grows
Coinbase Exec Faryar Shirzad defended the CLARITY Act as Senate negotiations continued over a unified draft ahead of the August recess.
Ripple Nearly Shut Down After SEC Lawsuit, CEO Brad Garlinghouse Says
Ripple CEO Brad Garlinghouse says the company nearly shut down after the SEC sued it in 2020 before deciding to fight the case.
Coinbase Legal Chief Paul Grewal Steps Down After Six Years
Coinbase Chief Legal Officer Paul Grewal will step down at the end of July after six years, transitioning into an advisory role.
Japan’s Metaplanet Explores Bitcoin Credit With JPYC and Progmat
Metaplanet launched a feasibility study with JPYC and Progmat to explore Bitcoin-backed digital credit products in Japan.
South Korea’s Hyundai Motor Completes First USDT Treasury Transfer Pilot
Hyundai Motor completed its first live $20,000 USDT cross-border treasury transfer using the Avalanche blockchain in a pilot project.
White House Counters Senate Democrats on SEC and CFTC Seats
The White House rejected claims it refused to nominate Democratic SEC and CFTC commissioners, citing requests for recommendations.
Circle Wins OCC Approval for National Trust Bank
Circle received final OCC approval to establish First National Digital Currency Bank, expanding federally regulated USDC custody services.
CLARITY Act Senate Push Faces Ethics Test Ahead
Senate negotiations on the CLARITY Act continue as lawmakers work to resolve ethics provisions before a potential floor vote.
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