Evercrest, the entity associated with KelpDAO, has filed a civil claim in British Columbia against LayerZero and its co-founder and CEO Bryan Pellegrino, escalating a months-long dispute over the $292 million KelpDAO bridge attack.The claim was filed in Canada on September 24. KelpDAO says it is seeking accountability for the April 18 attack on its
Tether has funds trapped at offshore banking partner EQIBank as the Dominica-licensed lender fights a U.S. asset seizure that it says could force it into liquidation, creating a fresh test of counterparty risk within the reserves supporting the world’s largest stablecoin.The exposure was first reported by The Information. Tether subsequently said its funds held with
About $15.9 billion of Bitcoin options are due to expire on Deribit at 08:00 UTC on Friday, removing roughly 37% of the venue’s entire Bitcoin options open interest in a single quarterly settlement.The expiry arrives with Bitcoin trading near $83,500 after falling below $83,000 earlier Thursday. That puts spot well below several of the large
Key Facts CertiK, the largest Web3 security services provider, has become a member of LF Decentralized Trust, the Linux Foundation’s open-source initiative for enterprise decentralised technology. LFDT projects are used across finance, banking, supply chain, healthcare and telecom, and CertiK joins as part of a wider intake of organisations this quarter. Independent smart contract audits
Key Facts The guide sets out a five-part framework for assessing a crypto payment gateway: custody, fees, compliance, settlement and refunds. Custody decides where counterparty risk sits — a custodial provider controls funds between receipt and payout, while a non-custodial route sends them straight to a merchant-controlled wallet. Headline pricing rarely tells the whole story:
Why Does Washington Want More Dollar Stablecoins Overseas? The Trump administration is considering a plan to promote dollar-backed stablecoins overseas, potentially turning blockchain-based dollars into another channel for extending U.S. currency influence and increasing foreign demand for Treasury securities.The initiative under discussion could involve joint ventures between the U.S. government and private companies, with the
The U.S. Securities and Exchange Commission has postponed a decision on new listing standards for options tied to crypto exchange-traded products, moving a closely watched deadline from September 27 to November 11, 2026.The SEC disclosed the extension on September 21 in connection with Nasdaq ISE filing SR-ISE-2026-42. The exchange is seeking to amend its rules
Australia is preparing to end a major regulatory grace period for cryptocurrency businesses, with firms covered by existing financial-services licensing requirements facing potential enforcement action from October 1 if they have not taken the required steps by September 30.The Australian Securities and Investments Commission issued a final warning that businesses relying on its sector-wide digital-asset
Commodity Futures Trading Commission Chairman Michael Selig says the agency is preparing U.S. derivatives markets for an era defined by onchain finance, mass tokenization, 24/7 trading and artificial intelligence, signaling that technologies pioneered in crypto are increasingly being treated as components of mainstream financial infrastructure.Speaking at the U.S. Treasury Market Conference on September 22, Selig
What Is Known About Hsin-Ju Chuang’s Death? Hsin-Ju Chuang, a former partner at crypto venture capital firm Hack VC and a longtime executive across the blockchain industry, has died at age 37, according to California authorities.The San Bernardino County Sheriff-Coroner said California Highway Patrol officers responded to southbound Interstate 15 south of Field Road in