Ripple vs. SEC: Court Grants Joint Motion to Pause Appeal SEC Given 60 Days for Next Move

The U.S. Court of Appeals has paused the appeal between Ripple and the SEC. Mid-June 2025 should be the time for the next update

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Bybit Follows Binance’s Footsteps, Exits Canadian Market Amid Regulatory Concerns

In the wake of Binance’s departure from Canada, cryptocurrency exchange Bybit has announced its exit from the nation as well, citing “recent regulatory development” as the reason. Effective May 31, Bybit stated that it would cease accepting applications from Canadian residents. Bybit to Pause Operations in Canada According to a Tuesday announcement, Bybit is withdrawing [...]

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FTX Pauses Sale of $500 Million Stake in AI Startup Anthropic

Failed crypto exchange FTX has unexpectedly halted the sale of its stake in the artificial intelligence (AI) startup Anthropic. The stock has been viewed as a source of funds that can be used to compensate customers who suffered losses as a result of the coin trading platform’s collapse. Cryptocurrency Exchange FTX Postpones Sale of Anthropic

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National Exchanges Reportedly Pause Operations in Venezuela, as Attorney General Confirms Crypto Watchdog Sunacrip Involvement in Oil Sale Schemes

National cryptocurrency exchanges have paused their activities in Venezuela according to reports, as the anti-corruption probe on national crypto watchdog Sunacrip and unlawful oil sales continues in the country. Tarek William Saab, attorney general, confirmed the involvement of the institution in a parallel scheme that involved the sale of Venezuelan oil to third parties, mentioning [...]

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Federal Reserve Chair Powell Hints at Possible Pause in Interest Rate Hikes

Federal Reserve Chair Jerome Powell has hinted that the Fed may pause raising interest rates at the Federal Open Market Committee (FOMC) meeting next month. “Having come this far, we can afford to look at the data and the evolving outlook and make careful assessments,” Powell said. Fed Chair Jerome Powell on Rate Hikes Federal

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Aventus blockchain pauses planned token split: AVT token drops 4% | Invezz

Aventus (AVT/USD) has declined by about 4% after Aventus blockchain announced shelving an earlier decision to split its native token AVT. The main reason behind the price drop is reportedly a spike in volatility on minimal liquidity after the decision to pause the split. The move disappointed the Aventus community after the proposal was passed ...

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Report: AAX Users Storm Crypto Exchange’s Nigerian Offices, Attack Employees

Nigeria users of the crypto exchange AAX, which suspended withdrawals on Nov. 12, reportedly stormed its offices in Lagos and began assaulting employees. Reports that disgruntled AAX users have harassed the crypto exchange’s workers came just days after the Nigerian crypto and blockchain advocacy group asked to refrain from doing so. Meanwhile, the former vice

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Compound pauses use of four tokens as collateral

Compound (COMP/USD), an Ethereum-based decentralised lending protocols that’s among the top markets in the crypto industry, has adopted a proposal suspending the use of four digital assets as lending collateral.

The move follows a governance vote that passed Proposal-131 by 99.99%, with the development seeing the protocol pause the use of 0x (ZRX), Maker (MKR), Basic Attention Token (BAT) and Yearn Finance (YFI). These tokens are deemed to have very low liquidity, potential profiles that malicious actors can exploit.

According to Compound, the move to pause the use of these assets as hard collateral takes effect in two days, with the initial announcement made on Monday.

The result is that borrowers will not access loans with ZRX, MKR, BAT and YFI as collateral.

Explaining the motivation behind Proposal-131, the Compound team referred to it as “out of abundance of caution.”

“An oracle manipulation-based attack analogous to the one that cost Mango Markets $117m is much less likely to occur on Compound due to collateral assets having much deeper liquidity than MNGO and Compound requiring loans to be over-collateralized. However, out of an abundance of caution, we propose pausing supply for the above assets, given their relative liquidity profiles.”

Compound’s move is thus aimed at protecting its users from potential attacks staged via market manipulation of these low liquidity tokens.

Solana-based lending marketplace Mango Markets suffered a $117 million exploit that took advantage of the low liquidity profile of the protocol’s native token to manipulate prices.

The Compound protocol went live in September 2018, pioneering user-to-protocol collateralised borrowing, a innovation that helped to power the first wave of growth across decentralised finance (DeFi).

Data from tracking platform DeFiLlama shows Compound Finance is the ninth largest DeFi protocol, with $2.28 billion in total value locked (TVL).

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Aave adopts proposal to temporarily pause ETH borrowing

The Aave (AAVE/USD) community has voted to temporarily pause Ethereum (ETH) borrowing on the decentralised finance (DeFi) protocol ahead of the Ethereum Merge slated for mid-September.

This is after more than 96% of the community agreed with a risk assessment report and improvement proposal first highlighted on 23 August 2022.

In the Aave ETHPoW Fork Risk Mitigation Plan report, the Aave team said that research platform Block Analitica had identified probable risks with regard to borrowing ETH on the Aave protocol on Ethereum.

Per the proposal, Block Analitica had highlighted that potential for increased borrowing in the Ether market as investors look to benefit from forked proof-of-work ether (PoW ETH, or ETHW), heavy borrowing amid over-utilization could pose a risk.

“Ahead of the Ethereum Merge, the Aave protocol faces the risk of high utilisation in the ETH market. Temporarily pausing ETH borrowing will mitigate this risk of high utilisation.”

According to the protocol, high utilisation will interfere with the network’s liquidation transactions, an eventuality that would increase the odds of an insolvency for Aave.

Also important is that having high borrowing of the Ethereum token could lead to stETH/ETH recursive positions becoming unprofitable. The scenario would increase the chances of users unwinding their positions and triggering further price deviations for stETH/ETH – adding to the pressures of liquidations and insolvency.

The proposal passed with 96.1% of the community vote, with 60 AAVE paid to the Block Analitica as compensation for its input.

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Major Blow to Investors as Celsius Halts Withdrawals, Swaps and Transfers

In May, the crypto-staking network allegedly had $12 billion in client assets. The token was trading at a low of

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Bitcoin Surges Above $100K Despite Fed Rate Cut Warning: Is the Pause Here to Stay?

Bitcoin has surged past the $100,000 mark, defying expectations amidst warnings of a Federal Reserve rate cut pause. Despite concerns, it appears that this upward trend may be here to stay. The cryptocurrency market has seen significant volatility in recent months, with Bitcoin experiencing both dramatic highs and lows. However, despite these fluctuations, Bitcoin has [...]

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SEC Requests Pause in Lawsuit for Potential Resolution with Justin Sun

The Securities and Exchange Commission (SEC) has requested a stay in the case involving Justin Sun, seeking a potential resolution. The SEC’s move comes amid ongoing legal proceedings related to Sun’s activities in the cryptocurrency industry. Sun, a prominent figure in the crypto space and founder of TRON, has been embroiled in a legal battle [...]

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Here’s what happened in crypto today

The crypto market remains volatile after the June 14 Federal Open Market Committee (FOMC) announcement and presser with Fed Chairman Jerome Powell revealed that the central bank would pause rate hikes for June. While this move aligned with investors’ expectations, the crypto market has yet to show any bullish momentum. Powell also mentioned that at [...]

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US Inflation Cools to 4% Annual Rate, Setting Stage for Fed’s Decision on Interest Rates

The U.S. Bureau of Labor Statistics’ consumer price index (CPI) report, released on Tuesday, reveals that inflation in the United States has eased to a yearly rate of 4%. The latest development arrives just ahead of the upcoming Federal Open Market Committee (FOMC) meeting scheduled for June 14. The prevailing market sentiment leans towards the [...]

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Crypto exchange GDAC pauses deposits and withdrawals after hack

South Korean cryptocurrency GDAC was on Sunday hacked and cryptocurrencies worth more than $13 million were stolen. The hackers made away with nearly 10 million WEMIX, 220,000 USDT, 350.5 ETH, and 61 BTC. The exchange hack is the latest in the string of crypto hacks that have affected the crypto space in the recent past. …

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