The Stablecoin Two-Step
Stablecoin issuers are now deploying transparent but legally dubious "dual token" schemes to sidestep regulations and deliver yield to users—a strategy that might provide short-term profits but could spell disaster when regulators eventually crack down.
Related
The Gemini-CFTC Feud Turned Love Fest
What started as a minor enforcement action now reads like a farce: hidden fee schemes, missing disclosures, and a CFTC that wants a do-over –minus the refund.
Aave, Arbitrum, DAOs & Trouble Ahead
A hack turns into a courtroom stress test: when “decentralized” systems reveal their control points, long-settled property law – not crypto norms – decides who gets paid, and who gets exposed.
Clarity Cuts Both Ways: The Digital Asset Market Clarity Act Exposes DeFi’s Legal Contradictions
Draft rules for the Digital Asset Market Clarity Act are exposing contradictions at the heart of web3 lobbying, as industry players push back against the very DeFi exemptions and developer protections they once demanded.
The Woeful State of Web3 Auditing, And What Can Be Done
Crypto audits have evolved from catching real bugs to listing quantum computing risks and noting that "code quality could be improved." As programmers got better at avoiding basic mistakes, auditors started padding reports with generic warnings, leaving the actual risks buried or ignored entirely.
Latest
The Sanctions Shuffle
The problem with running a global crypto exchange from offshore is not just compliance. It is who stands behind you when a major power comes calling.
No Institution Cut Its Crypto Allocation Through the 50% Drawdown, Bitwise Survey Finds
Interviews with 15 large allocators suggest the barriers to crypto adoption are now governance and career risk rather than investment merit, with bitcoin increasingly treated as a companion to gold.
Ondo Launches Tokenised Model Portfolios Built on BlackRock Strategies
The three single-token portfolios rebalance through smart contracts and are open only to eligible investors outside the US, with BlackRock supplying model allocations while disclaiming any role as adviser or manager.
Bitget Loses $351.6 Million in Hot Wallet Breach, Rules Out Private Key Compromise
Attackers hijacked a backend wallet system to feed forged transfers into Bitget's own signing process, leaving the exchange to cover the loss from a Bitcoin-denominated protection fund worth about $464 million.