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Rep. McHenry gives progress report on stablecoin legislation, says it’s an ‘ugly baby’

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The ranking member of the House Financial Services Committee praised the bipartisanship behind the coming bill, but says there are “complex conversations” ahead.

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Coin Market

Kelp DAO attacker moves $175M in Ether after exploit: Arkham

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The Kelp DAO attacker has moved $175 million of stolen Ether in an apparent bid to start laundering it after the $290 million exploit.

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BitMEX taps Zodia Custody for off-exchange collateral trading

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BitMEX has partnered with Zodia Custody to enable institutional crypto derivatives trading via off-exchange collateral held in segregated custody.

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Philippines SEC warns on dYdX, six other unauthorized crypto platforms

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Promoters of flagged platforms may face fines of up to 5 million Philippine pesos ($89,000) or up to 21 years in prison under Philippine securities law.

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