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Make CryptoSlate preferred on The world’s central banks stopped arguing about whether stablecoins are risky long ago. Their main concern now is about who will control them and how.On April 20, BIS General Manager Pablo Hernandez de Cos called for global cooperation on stablecoins, describing it as “critically important.”The Bank for International Settlements, often called the central bankers’ central bank, has raised concerns about stablecoins before, but the language they’ve used is much sharper now. De Cos warned about runs that could trigger market stress, about dollar-pegged tokens accelerating the dollarization of developing economies, and about fragmented regulatory frameworks that private firms…

In brief Aave and a coalition of DeFi protocols are mounting a coordinated recovery effort dubbed “DeFi United” to absorb bad debt from the April 18 KelpDAO exploit. Commitments span multiple platforms with Aave founder Stani Kulechov contributing 5,000 ETH personally. Mantle has proposed a credit facility of up to 30,000 ETH to support Aave DAO, while contributors like Lido and Tydro confirmed participation in the relief effort. Aave and a coalition of DeFi protocols are mobilizing a coordinated recovery effort, branded “DeFi United,” to absorb bad debt stemming from the April 18 exploit that drained $292 million from KelpDAO’s…

Make CryptoSlate preferred on UK authorities have carried out their first coordinated operation against suspected illegal peer-to-peer crypto trading, sending a clear and simple message to the market: once a person turns crypto dealing into a business, the state expects names, checks, records, and accountability.The Financial Conduct Authority (FCA) said it worked with police and tax officials to visit eight London addresses linked to suspected illegal p2p crypto trading, issuing cease-and-desist letters at each site. Evidence gathered during the inspections is now supporting criminal investigations, according to the regulator, while Reuters reported that there are currently no FCA-registered peer-to-peer crypto…

In brief Aave and a coalition of DeFi protocols are mounting a coordinated recovery effort dubbed “DeFi United” to absorb bad debt from the April 18 KelpDAO exploit. Commitments span multiple platforms with Aave founder Stani Kulechov contributing 5,000 ETH personally. Mantle has proposed a credit facility of up to 30,000 ETH to support Aave DAO, while contributors like Lido and Tydro confirmed participation in the relief effort. Aave and a coalition of DeFi protocols are mobilizing a coordinated recovery effort, branded “DeFi United,” to absorb bad debt stemming from the April 18 exploit that drained $292 million from KelpDAO’s…

Make CryptoSlate preferred on Crypto market liquidity is increasingly hyper-concentrating within a handful of massive trading venues, creating a market structure that global central bank researchers warn is evolving into a heavily leveraged “shadow crypto financial system.”Data from CryptoQuant shows that Binance, the world’s largest crypto exchange, cleared over $1 trillion in trading volume during the first 112 days of 2026.This is significantly higher than the total of rival platforms like MEXC, which stood at about $284.9 billion; Bybit at $242.3 billion; Crypto.com at $219.9 billion; Coinbase at $209.3 billion; and OKX at $195.2 billion.Crypto Exchanges Trading Volume in 2026 (Source:…

In brief Aave and a coalition of DeFi protocols are mounting a coordinated recovery effort dubbed “DeFi United” to absorb bad debt from the April 18 KelpDAO exploit. Commitments span multiple platforms with Aave founder Stani Kulechov contributing 5,000 ETH personally. Mantle has proposed a credit facility of up to 30,000 ETH to support Aave DAO, while contributors like Lido and Tydro confirmed participation in the relief effort. Aave and a coalition of DeFi protocols are mobilizing a coordinated recovery effort, branded “DeFi United,” to absorb bad debt stemming from the April 18 exploit that drained $292 million from KelpDAO’s…

In brief Aave and a coalition of DeFi protocols are mounting a coordinated recovery effort dubbed “DeFi United” to absorb bad debt from the April 18 KelpDAO exploit. Commitments span multiple platforms with Aave founder Stani Kulechov contributing 5,000 ETH personally. Mantle has proposed a credit facility of up to 30,000 ETH to support Aave DAO, while contributors like Lido and Tydro confirmed participation in the relief effort. Aave and a coalition of DeFi protocols are mobilizing a coordinated recovery effort, branded “DeFi United,” to absorb bad debt stemming from the April 18 exploit that drained $292 million from KelpDAO’s…

Make CryptoSlate preferred on UK authorities have carried out their first coordinated operation against suspected illegal peer-to-peer crypto trading, sending a clear and simple message to the market: once a person turns crypto dealing into a business, the state expects names, checks, records, and accountability.The Financial Conduct Authority (FCA) said it worked with police and tax officials to visit eight London addresses linked to suspected illegal p2p crypto trading, issuing cease-and-desist letters at each site. Evidence gathered during the inspections is now supporting criminal investigations, according to the regulator, while Reuters reported that there are currently no FCA-registered peer-to-peer crypto…

In brief Aave and a coalition of DeFi protocols are mounting a coordinated recovery effort dubbed “DeFi United” to absorb bad debt from the April 18 KelpDAO exploit. Commitments span multiple platforms with Aave founder Stani Kulechov contributing 5,000 ETH personally. Mantle has proposed a credit facility of up to 30,000 ETH to support Aave DAO, while contributors like Lido and Tydro confirmed participation in the relief effort. Aave and a coalition of DeFi protocols are mobilizing a coordinated recovery effort, branded “DeFi United,” to absorb bad debt stemming from the April 18 exploit that drained $292 million from KelpDAO’s…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Aave DAO has unveiled a proposal to deploy 25,000 ETH from its treasury to support a coordinated recovery effort following the recent Kelp DAO exploit. The move forms part of a broader “DeFi United” initiative aimed at restoring user funds and stabilizing affected lending markets.  On April 18, KelpDAO suffered a major attack targeted at its rsETH Ethereum LayerZero adapter, allowing a hacker to drain assets and break the backing relationship between locked ETH collateral and minted tokens across chains. The breach triggered a cascading liquidity and…

Make CryptoSlate preferred on UK authorities have carried out their first coordinated operation against suspected illegal peer-to-peer crypto trading, sending a clear and simple message to the market: once a person turns crypto dealing into a business, the state expects names, checks, records, and accountability.The Financial Conduct Authority (FCA) said it worked with police and tax officials to visit eight London addresses linked to suspected illegal p2p crypto trading, issuing cease-and-desist letters at each site. Evidence gathered during the inspections is now supporting criminal investigations, according to the regulator, while Reuters reported that there are currently no FCA-registered peer-to-peer crypto…

In brief Aave and a coalition of DeFi protocols are mounting a coordinated recovery effort dubbed “DeFi United” to absorb bad debt from the April 18 KelpDAO exploit. Commitments span multiple platforms with Aave founder Stani Kulechov contributing 5,000 ETH personally. Mantle has proposed a credit facility of up to 30,000 ETH to support Aave DAO, while contributors like Lido and Tydro confirmed participation in the relief effort. Aave and a coalition of DeFi protocols are mobilizing a coordinated recovery effort, branded “DeFi United,” to absorb bad debt stemming from the April 18 exploit that drained $292 million from KelpDAO’s…

In brief Project Eleven awarded 1 Bitcoin to researcher Giancarlo Lelli for cracking a 15-bit elliptic curve key using public quantum hardware. The demonstration is the largest public quantum attack on elliptic curve cryptography to date, though far from Bitcoin’s 256-bit keys. Project Eleven CEO Alex Pruden said AI and improved hardware could accelerate the timeline toward “Q-Day.” A researcher has used a publicly accessible quantum computer to crack a vastly simplified version of a Bitcoin-style cryptographic key, marking the largest public demonstration yet of a quantum attack on elliptic curve cryptography.Project Eleven said Friday it awarded its 1 Bitcoin…

In brief Project Eleven awarded 1 Bitcoin to researcher Giancarlo Lelli for cracking a 15-bit elliptic curve key using public quantum hardware. The demonstration is the largest public quantum attack on elliptic curve cryptography to date, though far from Bitcoin’s 256-bit keys. Project Eleven CEO Alex Pruden said AI and improved hardware could accelerate the timeline toward “Q-Day.” A researcher has used a publicly accessible quantum computer to crack a vastly simplified version of a Bitcoin-style cryptographic key, marking the largest public demonstration yet of a quantum attack on elliptic curve cryptography.Project Eleven said Friday it awarded its 1 Bitcoin…

Make CryptoSlate preferred on On Apr. 24, Project Eleven awarded its Q-Day Prize to Giancarlo Lelli, a researcher who used publicly accessible quantum hardware to derive a 15-bit elliptic curve private key from its public key.This is the largest public demonstration to date of the attack class that could one day threaten Bitcoin, Ethereum, and every other system secured by elliptic curve cryptography. The prize was one Bitcoin.The irony is that a researcher won Bitcoin by breaking a miniature version of the math that protects Bitcoin.A 15-bit key is nowhere near the security of Bitcoin’s 256-bit elliptic curve, and no…

In brief Project Eleven awarded 1 Bitcoin to researcher Giancarlo Lelli for cracking a 15-bit elliptic curve key using public quantum hardware. The demonstration is the largest public quantum attack on elliptic curve cryptography to date, though far from Bitcoin’s 256-bit keys. Project Eleven CEO Alex Pruden said AI and improved hardware could accelerate the timeline toward “Q-Day.” A researcher has used a publicly accessible quantum computer to crack a vastly simplified version of a Bitcoin-style cryptographic key, marking the largest public demonstration yet of a quantum attack on elliptic curve cryptography.Project Eleven said Friday it awarded its 1 Bitcoin…

In brief Wisconsin Attorney General Josh Kaul has filed complaints targeting Kalshi, Polymarket, Robinhood, Crypto.com, and Coinbase over their prediction market offerings. The lawsuits seek to ban sports-related event contracts as illegal gambling and public nuisances under state law. The move comes amid mounting regulatory pressure on prediction markets. Wisconsin Attorney General Josh Kaul has sued Kalshi, Polymarket, Robinhood, Crypto.com, and Coinbase in Dane County court, alleging their prediction market offerings constitute illegal gambling operations that must cease serving state residents.The complaints seek declarations that offering sports-related event contracts to Wisconsin customers violates Wis. Stat. § 945.03(1m) and constitutes a…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure South Africa has released new draft regulatory proposals that, if implemented, could significantly change how residents interact with certain wealth holdings—including crypto.  The document, published as part of the country’s latest attempt to tighten rules around the crypto industry, would require people to declare qualifying assets above future thresholds. In some situations, those assets could be compelled to be sold to the government with payment made in South African rand. South Africa’s Crypto Draft Under the proposal, residents who come into possession of qualifying assets that exceed…

In brief The Ethereum Foundation said it agreed to sell over $23 million worth of ETH to BitMine Immersion Technologies. This is the second time that BitMine has bought ETH directly from the Foundation. BitMine holds over $11.5 billion worth of ETH, making it the largest holder of the asset. The Ethereum Foundation said Friday that it finalized a deal to sell 10,000 ETH to the largest Ethereum treasury firm, BitMine Immersion Technologies, marking its second treasury sale of the cryptocurrency to the publicly traded firm.The over-the-counter sale agreement was finalized at an average price of $2,387 per ETH, putting…