Unsafe Harbors
Industry-backed frameworks for crypto token regulation, intended to foster innovation, may inadvertently create loopholes that could shield perpetrators of securities fraud, raising concerns about investor protection and market integrity.
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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
Circle's Claimed Impotence
Circle tells a Wisconsin court it can’t seize USDC, while regulators argue it’s choosing not to, setting up a rare, real-time clash between technical design, contractual wiggle room, and outright defiance of a seizure order.
Celsius Restructuring Vehicle Ionic Digital Forecasts Up to $195M Revenue Ahead of July 28 Nasdaq Debut
Celsius creditors received about 37 million Class A shares in Ionic as part of the lender's bankruptcy plan, and Friday's direct listing will be the first public pricing of what that partial recovery is actually worth.
Poolin, Once the World's Largest Bitcoin Mining Pool, Files Chapter 11 to Sell Texas Assets
The Singapore-based pool's U.S. units lined up a $52 million stalking-horse bid for their West Texas sites, four years after Poolin's wallet arm froze withdrawals and left customers holding $163.7 million in IOUs.
Thailand's SEC Files Criminal Complaint Against Bitkub Over Alleged Cover-Up of 2021 Hack
Bitkub says its founders quietly covered the loss to prevent a bank run and that no customer was ever harmed, but the SEC's case rests on the argument that concealing the theft from regulators was itself the violation.