A hacker used Ostium’s own price-reporting infrastructure against the protocol, submitting falsified future-dated oracle data to manufacture fake trading profits and trigger an $18 million payout. Read more
Three US senators oppose CLARITY Act on ethics grounds with vote expected soon
Senate Majority Leader John Thune reportedly said the chamber will consider a vote on the crypto market structure bill before Aug. 10, though it’s unclear whether it has enough Democratic support to pass. Read more
Bitmine generated $46M from Ethereum staking last quarter
Ethereum staking generated 98% of Bitmine’s revenue last quarter as the company’s pivot from Bitcoin mining gained momentum following its March validator launch. Read more
US freezes $131M in Iran-linked crypto as Middle East tensions rise
“US Treasury is committed to disrupting and degrading Iran’s illicit financial activities, including its abuse of digital assets,” US Treasury Secretary Scott Bessent said Tuesday. Read more
Binance bets on becoming a crypto 'super app' as stablecoins reshape growth
Shunyet Jan, Binance’s head of spot trading and derivatives, said the exchange is focusing more on payments and financial services than on trading alone as it drives the next phase of its expansion. Read more
Some U.S. Senate Democrats come out against Clarity Act, calling it a 'corrupt' bill
Certain Democrats are taking an increasingly rigorous stand against the crypto market structure bill, which needs a significant number from their party to pass. Read more