Patrick Adeka

Patrick McHenry, the architect of key crypto legislation and former House Financial Services Chair, is taking his policy expertise to Andreessen Horowitz (a16z) as a senior advisor. The former North Carolina congressman, known for his efforts to modernize financial regulations, announced his new role in a post on X (formerly Twitter) on Wednesday. McHenry, who

The U.S. Department of Justice (DOJ) has opened an investigation into the rise and collapse of the $LIBRA memecoin, which is now being labeled as one of the biggest crypto scams in recent history. Investors are estimated to have lost between $87 million and $107 million, and authorities are assessing whether criminal charges should be

The hacker responsible for the historic $1.4 billion Bybit exploit has now laundered more than $335 million worth of stolen digital assets, with investigators continuing to track the remaining funds. The Feb. 21 hack, which targeted liquid-staked Ether (stETH), Mantle Staked ETH (mETH), and other assets, sent shockwaves through the crypto market, marking the largest

In a recent interview, Jeremy Allaire, co-founder and CEO of Circle, emphasized the necessity for all issuers of dollar-pegged stablecoins to register within the United States. Allaire contends that allowing non-compliant entities to operate freely undermines regulatory integrity. He stated, “It shouldn’t be a free pass… where you can just ignore the U.S. law and

Large cryptocurrency investors have been offloading their holdings of the Official Melania (MELANIA) memecoin at staggering losses, as the token—associated with former First Lady Melania Trump—plunges 93% from its all-time high. On-chain analytics firm Lookonchain uncovered two significant whale transactions that highlight the extent of the sell-off. One major investor originally purchased 13.97 million MELANIA

The EU has blacklisted Moscow-based crypto exchange Garantex, accusing it of enabling Russian banks to bypass sanctions and funnel billions through digital assets. The move is aimed at curbing the use of digital assets to bypass financial restrictions imposed on Russian entities. According to the EU’s implementation notice, Garantex was sanctioned due to its ties

Solana (SOL) has taken a significant hit, plunging over 50% from its early January high of $293 as trading activity on its network slows and investor sentiment weakens. The token briefly dropped to $132 on Tuesday—its lowest level since October—before recovering slightly to around $144, marking a 5% decline in the past 24 hours, according

Following the massive $1.5 billion hack that rocked Bybit, the exchange has received a critical injection of $600 million in Ethereum (ETH) from Mirana Ventures, according to blockchain intelligence firm Arkham. The deposit aims to reinforce Bybit’s reserves and restore confidence after the largest crypto exchange exploit in history. Mirana Ventures, which has close ties

In a significant regulatory development, the Dubai Financial Services Authority (DFSA) has officially approved Circle’s stablecoins, USD Coin (USDC) and Euro Coin (EURC), as recognized crypto tokens within the Dubai International Financial Centre (DIFC). This landmark decision marks the first time stablecoins have received such recognition under the DIFC’s crypto token regime, paving the way

Chainflip, a leading cross-chain decentralized exchange (DEX), has announced a critical protocol upgrade aimed at stopping the Bybit hackers from funneling stolen assets through its platform. The move comes in response to the $1.4 billion Bybit hack, where over 400,000 Ether (ETH) was stolen, putting cross-chain protocols like Chainflip at risk of being exploited for

U.S. spot Bitcoin exchange-traded funds (ETFs) faced a massive $516.4 million in net outflows on Monday, marking the fifth-largest single-day withdrawal since these products debuted in January 2024. The outflows reflect mounting investor anxiety as Bitcoin’s price continues to falter, deepening a five-day net outflow streak now totaling $1.07 billion. Fidelity’s FBTC bore the brunt

Bitcoin plunged below the $90,000 mark on Tuesday, reaching its lowest level since mid-November 2024, as market optimism following Donald Trump’s re-election began to unravel under the weight of new trade tariffs and a string of industry setbacks. The world’s largest cryptocurrency dropped as much as 6.1%, hitting a low of $88,045 before slightly rebounding