China, one of the most restrictive global jurisdictions for cryptocurrencies, is reportedly considering allowing Chinese yuan-backed stablecoins in what would be a major policy reversal.
Chinese authorities may authorize the usage of yuan-backed stablecoins for the first time to promote global

A cryptocurrency trader who recently grew their account from $125,000 to more than $43 million was almost liquidated on Wednesday for $6.2 million after Ether briefly fell near the $4,000 level.
The liquidation took place on the decentralized exchange Hyperliquid as Ether (ETH) dipped close to the

Tech billionaire Elon Musk has quietly shifted his attention away from forming his “America Party,” a political party he proposed creating last month after splitting from the White House.
Musk wants to focus on his company and maintain ties to US Vice President JD Vance, who could be a top

The crypto-focused investment arm of venture capital firm Andreessen Horowitz argues that modern cryptographic techniques, such as zero-knowledge proofs, can protect user privacy but still allow law enforcement to crack down on bad actors
In a report on Tuesday, a16z Crypto policy partner Aiden

The derivatives arm of trading platform Robinhood has sued regulators in Nevada and New Jersey in a bid to head off any potential enforcement action from the states over its sports event contracts.
In a pair of complaints on Tuesday against Nevada and New Jersey gaming regulators and their

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ALT5 Sigma, a new investment partner of the Trump family’s World Liberty Financial, has denied a recent report suggesting one of its executives is being probed by the US Securities and Exchange Commission.
Rumors spread on Tuesday that the SEC had launched a probe into venture capitalist Jon

The race to build crypto treasuries is accelerating. Alongside high-profile ventures raising billions, blockchain native protocols themselves are exploring new ways to lock value into their ecosystems, and in some cases, even reimagine what a treasury can do.
On Aug. 7, the Chainlink network

Cybersecurity in crypto is improving, but new threats continue to evolve. Despite stronger information security systems, centralized cryptocurrency exchanges (CEXs) remain vulnerable to attacks. A single data breach can result in financial loss, user attrition and long-term damage to

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Decentralized finance (DeFi) exchange platform 1inch launched crosschain swaps between the Solana network and Ethereum Virtual Machine (EVM) networks, eliminating the need for bridges or messaging protocols in transferring assets across networks
The upgrade went live on Tuesday, launching on 1inch