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Coinbase dropped a 38-page bombshell on the U.S. Treasury yesterday, demanding the GENIUS Act be rewritten before it “accidentally bans the next Google.” Chief Legal Officer Paul Grewal told reporters outside Treasury: “One vague sentence could force every DeFi dev to register as a bank. That’s not safety—that’s exile.” The Guardrails for Emerging New Innovations in U.S. Systems Act, introduced …

Foreign Minister Penny Wong today slapped magnitsky-style sanctions on three Lazarus Group hackers and two front companies, freezing any Australian-held crypto wallets tied to North Korea’s record $1.92 billion digital theft spree. The sanctioned trio — Park Jin-hyok, Jon Chang-hyok and Kim Il — masterminded the 2022 Ronin bridge ($625M), 2023 CoinsPaid ($37M) and July’s WazirX ($235M) raids, Chainalysis confirmed. …

Bitcoin surged 2.8% to $101,480 in Asian hours Thursday, riding a wave of risk-on sentiment after U.S. indicators reinforced bets on a Federal Reserve “soft landing.” The ISM Manufacturing PMI beat forecasts at 48.5, while October non-farm payrolls—released late Wednesday—added 180K jobs against 150K expected, with unemployment steady at 4.1%. Wage growth cooled to 3.8% YoY, easing inflation fears and …

Ethereum’s mega-investors just executed the fastest whale raid of 2025, vacuuming 400,100 ETH worth $1.37 billion between November 3–5, on-chain sleuths at Lookonchain and Nansen confirm. The top 100 non-exchange wallets added a net 142,300 ETH on Monday alone, followed by 138,700 on Tuesday and 118,900 yesterday—pushing their collective holdings to 23.4 million ETH ($80 bn). At an average fill …

The Bank of England will publish final stablecoin regulations before Christmas 2025, creating a sandbox-to-permanent licence pathway that mirrors America’s fast-tracking of dollar-pegged tokens. Governor Andrew Bailey confirmed the regime in a Mansion House speech last month, pledging “same risk, same regulatory outcome” for payments using fiat-backed digital coins. Issuers must hold 100% high-quality liquid reserves—cash or short-dated gilts—at the …