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Crypto Weekly Roundup: Trump Hosts Memecoin Gala, DoJ Investigates Coinbase Cyberattack, & Extra
The crypto world noticed main developments this week as Texas moved nearer to holding Bitcoin in its treasury, and Kraken introduced plans to tokenize main tech shares. The DOJ launched a prison probe into the Coinbase cyberattack, whereas Trump hosted a memecoin gala attended by business insiders. In the meantime, U.S. lawmakers superior stablecoin regulation with the Senate's passage of the GENIUS Act.
Bitcoin
Texas has moved one step nearer to turning into the third U.S. state to formally maintain Bitcoin in its treasury with the Senate Invoice 21 passing its second studying with a majority vote win.
America authorities is contemplating different “budget-neutral” strategies of funding its new bitcoin strategic reserve, creating a number of pleasure worldwide within the cryptocurrency world.
DeFi
Enhanced liquidity improves market effectivity, stability, and predictability in DeFi by enabling arbitrage, optimizing capital use, and decreasing fragmentation, with platforms like THENA’s V3.3 improve illustrating how modular, composable methods can deal with volatility and inefficiencies.
Expertise
Cryptocurrency trade Kraken is making ready to roll out tokenized variations of Apple (AAPL), Tesla (TSLA), and Nvidia (NVDA) shares, marking a serious step in merging conventional monetary markets with blockchain expertise.
Enterprise
A gaggle of the biggest U.S. business banks, like JPMorgan Chase, Financial institution of America, Citigroup, and Wells Fargo, is reportedly in early discussions about launching a joint stablecoin.
Web3
Crypto business bigwigs attended President Donald Trump’s memecoin gala. Nonetheless, whereas many attendees on the occasion remained unknown to the general public, a number of high-profile visitors appeared for the cameras.
Web3 knowledge visualization service Bubblemaps expands its choices to BNB Chain, aiming to boost token transparency and on-chain visibility for customers.
Web3 knowledge visualization service Bubblemaps expands its choices to BNB Chain, aiming to boost token transparency and on-chain visibility for customers.
Safety
America Division of Justice (DOJ) has launched a prison investigation right into a latest cyberattack towards Coinbase, which uncovered delicate inside paperwork and restricted buyer knowledge.
The perpetrator behind a big knowledge breach focusing on Coinbase customers has escalated their actions, overtly mocking blockchain investigator ZachXBT whereas persevering with to launder thousands and thousands in stolen cryptocurrency.
Regulation
Jeremy Jordan-Jones faces a number of federal costs after allegedly defrauding buyers with a sham blockchain agency and siphoning funds to fund private luxuries.
The dissolution of the federal government process drive investigating the $250 million Libra crypto scandal promoted by Argentinian President Javier Milei has deepened public mistrust and harmed accountability efforts.
In a big step for cryptocurrency regulation in the USA, the Senate voted 66-32 on Monday night to advance the long-debated GENIUS Act — laws geared toward regulating stablecoins, a class of digital belongings pegged to fiat currencies just like the US greenback.
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