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Tag: Breaking

Kathleen Allman files legal complaint to oust Ondo CEO Ian De Bode

Kathleen Allman, mother of late Ondo founder Nathan Allman, has initiated a legal battle to secure control of the firm. The complaint aims to oust current CEO Ian De Bode from his leadership position at the prominent tokenized real-world asset project. The unfolding leadership dispute introduces high-stakes governance uncertainties for Ondo Finance and its stakeholders. A high-stakes legal battle has emerged over the leadership of Ondo, as...

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SEC Seeks to Reclassify Ethereum and Ripple in Ongoing Digital Asset Scrutiny

The U.S. Securities and Exchange Commission has escalated discussions regarding the regulatory status of major digital assets like Ethereum and Ripple. Market participants and legal experts are closely monitoring potential shifts in enforcement policies that could impact spot exchange-traded products. Industry leaders emphasize the need for clear legislative frameworks rather than regulation by enforcement. Regulatory pressure on the...

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US Merchant Bitcoin Acceptance Triples as Lightning Network Cuts Processing Fees

The number of U.S. merchants accepting Bitcoin has tripled over the past year, driven by businesses seeking alternatives to traditional credit card processing fees through layer-2 settlement rails. U.S. merchant Bitcoin acceptance tripled as retailers look to lower payment processing overhead. Lightning Network transactions allow businesses to bypass standard 2% to 3% credit card interchange fees for costs under a penny. Global retail Bitcoin...

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Robinhood Chain Flips Coinbase’s Base in Daily Active Users Three Weeks Post-Launch

Robinhood Chain recorded 323,969 daily active users on July 21, surpassing Coinbase-incubated Layer-2 Base’s 274,520 users. Total value locked (TVL) on the network surged to $588.9 million, driven by strong inflows into lending protocols like Morpho and Ethena. Memecoin trading accounted for the bulk of spot DEX volume, despite the chain’s core focus on tokenized real-world assets and stock tokens. Robinhood Chain has overtaken...

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Coinbase CEO Brian Armstrong Declares Crypto CLARITY Act Ready for Full Senate Floor Vote

Coinbase CEO Brian Armstrong confirmed that the CLARITY Act is ready for a full U.S. Senate floor vote following extensive bipartisan negotiations. The revised market structure legislation incorporates key compromises on stablecoin rewards, non-custodial developer protections, and regulatory oversight split between the SEC and CFTC. Key amendments include strict ethics rules prohibiting federal officials, including the U.S. President, from...

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