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Key Takeaways: Paul Grewal condemned the Treasury’s bid to dismiss the Tornado Cash lawsuit without a final ruling. A court ruling challenged the Treasury’s authority to sanction immutable smart contracts. The case raises concerns over financial privacy and crypto-mixing regulations. Coinbase’s Chief Legal Officer (CLO), Paul Grewal, demands a final court judgment in the Tornado…

Solana co-founder Anatoly Yakovenko has reignited the debate on the necessity of Layer-2 (L2) solutions with a bold claim: “There is no reason to build an L2.” In a recent tweet, he asserted that Layer-1 (L1) blockchains could be faster, cheaper, and more secure without the need for L2s. There is no reason to build…

Ethereum network activity has hit a new low, with just 53.07 ETH (worth approximately $106,000) burned on Saturday, marking the lowest daily burn since the introduction of its fee-burning mechanism under EIP-1559. The decline points to a sharp reduction in demand for Ethereum’s blockspace. The EIP-1559 upgrade, implemented in 2021, aimed to simplify transaction fees…

A West Virginia district court has issued a warning about a sophisticated cryptocurrency scam in which fraudsters impersonate U.S. District Court officials to extort money from unsuspecting victims. The scam involves counterfeit arrest warrants that claim individuals have failed to appear for jury duty and demand immediate payment in Bitcoin or other difficult-to-trace means. Cryptocurrency…

Authorities in Thailand have arrested two Chinese nationals in connection to a crypto scam and kidnapping. On Wednesday, the Technology Crime Suppression Division of the Thai police announced the arrest of a 27-year-old woman, Wu Di, the South China Morning Post reported, citing local media. The police apprehended her during a raid at a luxury…

Bitcoin latest mystery involves a wallet inactive for eight years that suddenly roared back to life. Once worth a modest $3 million in 2017, the wallet now holds a staggering $250 million in BTC. The reactivation, spotted by on-chain trackers, has set off a wave of speculation about the motives behind the move—whether it’s a…

In a surprising turn of events, OKX’s Web3 product manager, Kyle Chen, inadvertently leaked the news of a standalone OKX Wallet app before its official announcement. 新上架的App可能需要一些时间才能被Google Play的搜索引擎索引 搜不到的可以先使用安卓下载链接https://t.co/BLeg6bxhpZ — KyleChen (@KKyleChen) March 24, 2025 The revelation, made via a series of social media posts, indicated that the application had already been listed on the…

Crypto market maker and investment firm DWF Labs has announced the launch of a $250 million Liquid Fund aimed at accelerating the growth of mid- and large-cap blockchain projects. The fund is designed to promote real-world adoption of Web3 technologies through substantial, strategic investments. As part of this initiative, DWF Labs, headquartered in Dubai, is…

UK-based investment bank Cavendish’s chair has referred to the increasing crypto buyers in the UK as “terrifying.” Lisa Gordon, who has held non-executive positions at various leading financial institutions including JP Morgan Small Cap Growth & Income PLC, said that stamp duty should be applied on cryptos. She encouraged Britons to invest their savings into…

The U.S. Treasury Department has argued that no further court ruling is necessary in the legal battle over its sanctioning of crypto mixer Tornado Cash, citing its recent removal of the platform and associated addresses from the sanctions list. Tornado Cash was blacklisted in August 2022 by the Treasury’s Office of Foreign Assets Control (OFAC),…