AI-powered summaries of the day's top crypto events
The 21st Century ROAD to Housing Act, which includes a ban on a US Central Bank Digital Currency (CBDC) until 2030, is set to become law despite President Donald Trump's refusal to sign it. The bill will automatically take effect at midnight, preventing the Federal Reserve from developing a CBDC for the next four years.
Five Senate Democrats have called for committee hearings to investigate potential influences of crypto funding on President Donald Trump's policies. The inquiry focuses on alleged connections to entities linked to the United Arab Emirates, amid ongoing discussions about the CLARITY Act.
Security researchers from Socket have identified an attempt by hackers to backdoor the Injective npm package, which could have compromised wallet keys. This incident highlights the ongoing security challenges faced by developers and applications handling Injective wallet workflows.
A lawsuit seeking ownership of dormant Bitcoin addresses, including those linked to Bitcoin's early mining era, has narrowed after plaintiffs dropped 44 defendants. The case continues to target 39,069 wallets, drawing increased scrutiny over the legal claims to these significant Bitcoin holdings.
Crypto exchange AscendEX has ceased operations, citing financial and operational pressures, including a failed strategic transaction. The closure follows its inability to secure authorization under the EU's Markets in Crypto-Assets (MiCA) framework, leaving some customers uncertain about fund recovery.
The Department of Justice is reportedly dropping charges against a man accused in the $722 million BitClub crypto Ponzi scheme. This decision comes amid pressure from various individuals, including a former contestant on 'The Apprentice'.