“The administration’s willingness to move forward with stablecoin legislation, I think, makes it by far the most optimal portion of this to move forward,” Lummis said, noting that Sen. Chuck Schumer (D-N.Y.), the majority leader of the Senate, has said he’s willing to consider such a bill. Source
“In the NBA, the presence of crypto is definitely growing, especially with the partnership now between Coinbase and the NBA, just the brand being there I think that’s caused more conversations to come about as of late,” Haliburton said. “It’s not just the players. It’s coaches, security staff, it’s talked out throughout everybody.” Source
CoinDesk reported Wednesday that the Ethereum Foundation faces a confidential inquiry, and Fortune said the SEC is examining whether ETH is a security. Source
Jian Wen, who denied the allegations, helped her former employer launder the funds between 2017 and 2022, a London jury found. The jury couldn’t reach a decision on two other charges. The 42-year-old had previously been acquitted of other money laundering charges at a separate trial. Source
Unlike on Ethereum, where higher-paying transactions generally have a better chance of reaching the network, priority fees on Solana are frequently ignored. Every so often, this means that a user will pay a high fee and still see their transaction fail or, conversely, see it succeed alongside a bunch of transactions that paid less in fees and were processed anyway. Source
Just as institutional quant hedge funds carved out strategies that generated hundreds of billions in traditional equity markets, we are seeing a paradigm shift in crypto. The complexity and volatility inherent in digital assets markets, far from deterring institutional investors, present unique opportunities for quant strategies that thrive on such conditions. These strategies, powered by advanced algorithms, comprehensive data analytics and machine learning, are beginning to unlock the potential for methodical returns in crypto, much as they did in traditional equity markets. Source
Ethereum Foundation Under Investigation by 'State Authority' Source
Do Kwon’s attorney, Goran Rodic, told CoinDesk that the extradition was now final, and neither the U.S. nor Kwon could further appeal the decision. There is no timeline yet for when he might be extradited, he added. A U.S. Department of Justice spokesperson did not immediately return a request for comment. Source
The indictment, seen by CoinDesk, says that between July 9, 2019 and Aug. 10, 2022, “at least in the Netherlands and/or in Russia and/or the United States and/or in Dubai, together and in association with one or more others, at least alone,” Pertsev allegedly “made a habit of committing money laundering.” Source
Looking ahead, “Kraken’s engineering team has built out a smart order routing tool that provides access to highly liquid order books across multiple venues, aiming for the highest execution quality and price. This will offered by Kraken Institutional later this year,” he said. Source