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Tag: Cryptocurrencies

Judge Clears Path for Aave to Transfer Million in Frozen ETH Tied to North Korea-Linked Exploit

Judge Clears Path for Aave to Transfer $71 Million in Frozen ETH Tied to North Korea-Linked Exploit

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Aave advances recovery: Manhattan federal judge modifies freeze to permit transfer of ~30,766 ETH from Arbitrum to Aave-controlled wallet. DeFi United initiative: Coordinated response to April Kelp DAO rsETH exploit involving over $290 million in unbacked tokens. Ongoing legal tension: Terrorism judgment creditors’ claims follow the assets, highlighting risks at the intersection of DeFi, sanctions, and national...

Cryptocurrencies, DeFi, Ethereum, Front page, Hacks, News

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AWS Partners with Coinbase and Stripe to Enable USDC Payments for AI Agents

AWS Partners with Coinbase and Stripe to Enable USDC Payments for AI Agents

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AWS introduces AgentCore Payments in preview, enabling AI agents to autonomously pay for APIs, data, and services using USDC via Coinbase and Stripe infrastructure. Integration leverages Coinbase’s x402 protocol and supports wallets from Coinbase and Stripe’s Privy on chains including Base and Solana. The move positions stablecoins as programmable money for machine-to-machine transactions, with early adopters including Warner...

Cryptocurrencies, dApps, Front page, News, Stablecoins

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White House Sets July 4 Target for Landmark Clarity Act Crypto Regulation Bill

White House Sets July 4 Target for Landmark Clarity Act Crypto Regulation Bill

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White House targets July 4 passage of the Clarity Act for broad U.S. crypto market structure legislation. Senate Banking Committee markup planned for May, with floor action in June to allow House reconciliation. Stablecoin yield compromise deemed closed; ethics provisions under discussion to address conflicts of interest. Bill would clarify CFTC vs. SEC jurisdiction, exempt compliant digital asset sales, and include safeguards...

Crypto regulation, Cryptocurrencies, Front page, News, Regulation

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Coinbase Cuts 14% of Workforce as It Shifts to AI-Native Operations

Coinbase Cuts 14% of Workforce as It Shifts to AI-Native Operations

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Coinbase to cut roughly 700 jobs, representing 14% of its workforce of about 4,900-5,000 employees. CEO Brian Armstrong cites converging forces of market downturn and AI advancements changing workflows. Company moving to flatter organization with no pure managers, player-coach leaders, and smaller AI-native teams. Restructuring costs estimated at $50-60 million, expected to complete in Q2 2026. Crypto exchange Coinbase...

Cryptocurrencies, Exchanges, Front page, News

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Western Union Launches USDPT Stablecoin on Solana for 24-7 Global Settlements

Western Union Launches USDPT Stablecoin on Solana for 24/7 Global Settlements

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Western Union launched USDPT, a U.S. dollar-denominated payment stablecoin fully backed by USD and issued by Anchorage Digital Bank on the Solana blockchain. The token targets 24/7 treasury management and agent settlements, initially rolling out in the Philippines and Bolivia. Fireblocks provides the underlying wallet, settlement, and operations infrastructure; plans include broader exchange availability and consumer access via...

Crypto adoption, Cryptocurrencies, Front page, News, Stablecoins

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