Category DeFI

CoinEx, a cryptocurrency exchange, has publicly denied allegations that it facilitated transactions for Iran's sanctioned crypto market, amidst claims of a $3.8 billion disconnect in its operations. The exchange insists it has no knowledge of any activities that would violate international sanctions. This comes in the wake of increased scrutiny on cryptocurrency platforms regarding their compliance with global regulations. CoinEx emphasizes its commitment to adhering to legal standards and maintaining transparency in its operations, as the crypto industry faces heightened regulatory challenges. The exchange's response aims to clarify its position and reassure users of its integrity in the evolving landscape of digital finance.

California is launching an initiative to assess the impact of artificial intelligence on job displacement within the state. The new program aims to gather data on how AI technologies are transforming various industries and potentially replacing human workers. State officials are particularly focused on understanding the sectors most affected and the necessary steps to support workers facing job loss due to automation. This move highlights California's proactive approach to addressing the challenges posed by rapid technological advancements, ensuring that the workforce is prepared for the future economy. The initiative reflects growing concerns about the balance between innovation and employment security.

Traders are bracing for further declines in Bitcoin and Ethereum following significant monthly drops exceeding 20%. The downturn has raised concerns about the resilience of these leading cryptocurrencies, as market volatility continues to impact investor sentiment. Analysts suggest that the recent price movements may indicate a bearish trend, prompting many to reevaluate their strategies. With macroeconomic factors and regulatory scrutiny looming, the outlook remains uncertain, leaving investors wary of potential losses in the coming weeks. As the crypto market grapples with these challenges, traders are closely monitoring signals that could indicate a reversal or further decline.

The price of Bitcoin rapidly fell to nearly $58,000 after Strategy’s STRC preferred shares notched a new low and MSTR fell alongside. Source: Decrypt

Police disrupted SocGholish, Amadey, and StealC, malware that harvests crypto wallets and passwords, freezing €41 million in crypto. Source: Decrypt

A massive Micron earnings beat has lifted global markets, pushing crypto higher after yesterday’s nasty sell off took BTC sub-$60k. Source: Decrypt

The prediction market seeks a valuation near double the $22 billion it hit last month, as a federal-state fight over regulation escalates. Source: Decrypt

Bitcoin to $500K, Ethereum to $40K, and Aave to $3,500 by the end of 2030? Standard Chartered just laid out some bullish price targets. Source: Decrypt

Illinois is set to institute a new tax on prediction markets next week that would take 15% of gross receipts from sports-related wagers. Source: Decrypt

Shares in fast-food chain Wendy’s might be the next hot meme stock for retail investors hungry for a cause. Source: Decrypt