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US Fed to create new crypto team amid concerns about unregulated stablecoins

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The Fed’s Vice Chair for Supervision emphasized that they do not want to curb innovation, but ensure that regulations protect households and the financial system.

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Coin Market

Initia halts blockchain after exploit reportedly drains over $2.6M

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The blockchain suspended its layer-1 network and rollups after security researchers identified unauthorized token minting and millions in assets transferred to Ethereum.

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US senator probes Tether after reported deal with ex-Trump crypto adviser

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The Democratic ranking member of the Senate Permanent Subcommittee on Investigations asked Paolo Ardoino for records related to a reported deal between Tether and Nxum.

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Bitcoin seeks support above $81K as Brent crude oil hits highest level since March

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Bitcoin dipped below $81,000 as stocks fell and Brent crude hit its highest level since March, leaving the 50-day moving average in focus.

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