Senate Report Puts Tether’s Iran-Linked USDT Freezes Under Fresh Scrutiny
Senate Democrats urged Treasury and DOJ to investigate Tether after finding USDT dominated activity in Iran- and proxy-linked sanctioned wallets.
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Stories by Clara Westwood
Clara Westwood covers cryptocurrency regulation, DeFi, and the evolving relationship between blockchain and traditional finance. Her work explains complex policy and industry developments in clear terms, with a focus on how they affect investors, businesses, and the broader digital economy.
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Strategy Buys 1,665 Bitcoin, Lifting Its Treasury to 847,666 BTC
Strategy bought 1,665 Bitcoin for $142.7 million, taking its holdings to 847,666 BTC as common-stock sales funded the late-September acquisition.
Ethena Expands USDe Backing Strategy Into Tokenized Stocks and Equity Perpetuals
Ethena’s proposed USDe equity basis trade targets perpetual funding, but carry has dropped to roughly 7% and off-hours liquidation risk remains.
Hester Peirce Will Leave the SEC on October 2
SEC Commissioner Hester Peirce will resign on October 2, leaving Chair Paul Atkins and Commissioner Mark Uyeda as the agency’s remaining members.
KelpDAO Sues LayerZero Over the $292 Million rsETH Bridge Exploit
Evercrest Technologies has sued LayerZero and co-founder Bryan Pellegrino over the April exploit that drained 116,500 rsETH, valued at $292 million.
Magic Eden Users Urged to Revoke Legacy Approvals After Limit Break Exploit
Magic Eden users with legacy EVM marketplace listings are urged to revoke Limit Break V2 approvals after a cross-chain exploit stole at least $2.8...
CFTC Updates Crypto FAQ on Tokenized Customer Funds and Blockchain Recordkeeping
CFTC staff updated crypto FAQs on September 24, clarifying tokenized customer-fund investments and blockchain-based recordkeeping requirements.
Bitget Raises Confirmed Loss to $387.5 Million After Hot-Wallet Security Breach
Bitget raised its September 24 breach loss to $387.5 million after identifying additional transfers, while withdrawals stay suspended pending security checks.
BitMEX Shuts Down Trading After More Than 11 Years
BitMEX ended trading, deposits and new positions on Sept. 23, 2026, while customers can still withdraw balances subject to account fees.
XRP Ledger Restarts Permission Delegation Upgrade After Fixing Fee-Drain Flaw
XRP Ledger's revised PermissionDelegationV1_1 entered a 14-day countdown after validator backing cleared the 80% activation threshold.