The Federal Reserve Bank of New York has released a report on the effect of sanctions on Tornado Cash, the crypto mixer blocklisted by the United States Treasury Department in 2022. Sanctions work, by and large, even in decentralized finance, the report concluded. The report’s findings also apply to Ethereum. The Ethereum network’s resistance to…

Stablecoin USDe has launched on the Solana network, according to an Aug. 7 announcement from its developer, Ethena Labs. Borrowers will be able to use Solana as collateral for USDe loans as soon as Ethena (ENA) token holders approve their use. USDe is also integrated with several Solana apps, including KaminoFinance, Orca, Drift, and Jito. USDe…

Of the 30 tokens listed by cryptocurrency exchange Binance in 2024, all but one are in the red—and most are down badly, according to a post by crypto researcher Coin98 Analytics on the X social media platform. The sole exception is Jupiter’s native token, JUP, which has risen 21.2% since listing on Jan. 31 and now has…

The European Union’s Markets in Crypto-Assets Regulation (MiCA) framework is gradually coming into effect in line with its planned implementation timeline. The initial set of regulations, which took effect on July 1, focused on stablecoins and their issuers. These clear guidelines have both cleaned out the market of players not able to meet regulatory requirements and created a favorable…

Ethereum co-founder Vitalik Buterin has just shared his vision for cross-chain interoperability between Ethereum layer-2 networks, which could vastly smoothen the experience within the Ethereum ecosystem. In an Aug. 6 X post, Buterin responded to a question on the most promising paths to addressing cross-layer-2 interoperability. The question followed Buterin’s Aug. 5 post stating, “I…

Jump Trading’s recent transfer of hundreds of millions of dollars worth of Ether has stirred debates and market speculations. This aggressive unloading of assets preceded a historic stock market crash in Japan on Aug. 5, where the Nikkei 225 index plummeted 12.4%, losing 4,451 points — its largest-ever drop in point terms. Jump Trading moved around $315 million…