defi
SummerFi Shuts Down After Seven Years, an Exploit Ends a DeFi Pioneer
SummerFi, one of DeFi's longest-running interface layers, is winding down after seven years following a damaging exploit that forced the team to sunset its UI.…
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exchange
BitMEX Is Shutting Down: The $270M Dispute, Failed Sale, and Market Share Collapse That Sealed Its Fate
BitMEX's 2026 closure exposes how legacy crypto exchanges can unravel fast — lost market share, a failed sale, and a disputed $270M fund tell the full story.…
regulation
CLARITY Act Stalls Before August Recess as Trump Ethics Fight Blocks Senate
A Senate leader says the CLARITY Act won't pass before the August break, as a contested Trump ethics deal freezes legislative momentum on crypto.…
regulation
Clarity Act Stalls as Ethics Dispute and August Recess Loom Over Crypto Legislation
Senate Majority Leader John Thune says the Clarity Act likely won't pass before August recess as a Democratic ethics revolt and shrinking calendar threaten the landmark crypto market-structure bill.…
regulation
House Passes Insider Trading Bill That Critics Say Leaves the Real Problem Untouched
The House passed a bill targeting insider trading by lawmakers, but Sen. Elizabeth Warren says it falls short by allowing Congress members to keep trading stocks.…
regulation
Treasury's OFAC Hits Zanjani Sanctions Network That Moved $94B Through Crypto
The U.S. Treasury's OFAC designated four individuals and nine entities tied to Babak Zanjani's sanctions evasion network, targeting crypto exchanges that processed $94B.…
mining
Poolin Files Chapter 11 as Texas Mining Assets Head to Auction Block
Once one of the world's largest Bitcoin mining pools, Poolin has filed for Chapter 11 bankruptcy and is moving to auction its Texas operations to satisfy creditors.…
bitcoin
Poolin's Bankruptcy Closes the Book on Bitcoin Mining's 2022 Collapse
Singapore-based Poolin, once a top Bitcoin mining pool, has filed for bankruptcy and is auctioning its Texas mining sites to repay 11,700 users still holding IOUs.…
exchange
BitMEX Faces 623 BTC Lawsuit the Day It Announced Its Final Shutdown
A class action targeting BitMEX and Arthur Hayes over 623 BTC in disputed liquidations landed in federal court the same day the exchange revealed its September closure.…
exchange
BitMEX's Final Chapter Opens With a $40.7M Lawsuit Over Unfair Liquidations
Hours after BitMEX announced it would shut down in September 2026, a class-action lawsuit landed alleging $40.7 million in unfair liquidations against the embattled exchange.…
regulation
Wise Bets on GENIUS Act to Revive Denied Bank Charter Bid
Wise plans to refile for a national trust bank charter under the GENIUS Act after the OCC rejected its original application over AML compliance failures.…
regulation
OCC Rejects Wise's National Trust Bank Charter Over Money-Laundering Risks
The OCC denied Wise's bid for a U.S. National Trust Bank Charter, citing AML concerns — a rare rebuff as crypto firms sail through the same process.…