Crypto Cryptocurrency

Senator Cynthia Lummis said the Digital Asset Market Clarity Act would protect crypto developers from prosecution for writing code if they do not custody or control customer funds.

Secret Network (CRYPTO:SCRT) suffered a US$4.67 million exploit after an attacker used an “infinite mint” vulnerability to create unbacked Axelar-wrapped assets and redeem them for real assets held in escrow.

A trader on Hyperliquid (CRYPTO:HYPE) deposited US$4.24 million in USD Coin (CRYPTO:USDC) as margin to open a 10x leveraged long position worth approximately US$37.77 million in CL (CRYPTO:CL).

A cryptocurrency whale identified by address 0xaea…c2416 has accumulated approximately US$644,000 in unrealised losses while holding 20x leveraged short positions worth about US$48.78 million.

The Independent Community Bankers of America has asked the Federal Reserve Bank of Kansas City to reassess Kraken Financial's limited-purpose Federal Reserve account.

Pudgy Penguins (CRYPTO:PENGU) announced that its Pudgy Vibes TCG Season 3 trading card series is now available in all Target stores across the United States, expanding the brand's retail presence.

Hyperliquid (CRYPTO:HYPE) recorded US$31.4 million in net ETF inflows over the past seven days, making it one of the strongest-performing cryptocurrency ETF exposures on a relative basis.

The Senate Finance Committee is advancing bipartisan efforts to reform cryptocurrency taxation in the United States, with lawmakers waiting for the House of Representatives to reach agreement on related proposals before moving forward.

Polymarket, a cryptocurrency-based prediction market platform, is facing scrutiny after a Wall Street Journal investigation alleged that paid creators promoted simulated winning bets rather than genuine trading activity.

Bitcoin (CRYPTO:BTC) is showing signs of weak institutional demand as the Coinbase Premium Index recorded 44 consecutive days in negative territory.

Asteroid (CRYPTO:ASTEROID), an Ethereum-based meme token, surged more than 137% over the past week after SpaceX listed an Asteroid Shiba plush toy for sale on its online store.

Robert Kiyosaki, author of Rich Dad Poor Dad, said he is watching Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH).