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Vitalik Buterin says crypto’s most powerful idea is still far from ready

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Constructing secure obfuscation proved extremely difficult. An ideal version proved impossible in 2001, prompting researchers to tackle the weaker iO target, a roughly two-decade effort littered with failed attempts. The recent good news is that iO can now be built under reasonable security assumptions. However, the downside is that the runtimes are, in Buterin’s words, […]

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USDT surges to 8.5% premium in India after crypto payments crackdown

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The rupees were deposited into company accounts, converted to stablecoins, sent across borders and sold on Indian exchanges, the agency said, avoiding the paperwork and approvals required by formal funds transfer routes under FEMA and India’s anti-money laundering law. The model worked for about two years, attracting users because stablecoin transfers were faster and cheaper

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Securitization Debuts on NYSE After Investors Approve SPAC Merger; CEPT gains 20%

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Securitize, a BlackRock-backed tokenization specialist, said Monday it has overcome a final major hurdle to becoming a public company after Cantor Equity Partners II (CEPT) shareholders approved plans to merge the companies on Monday. The transaction is expected to close on Wednesday, subject to customary closing conditions, and the combined company will begin trading on

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Crypto perpetuals unlikely to displace legacy future markets, JPMorgan says

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Institutional demand for perpetual futures remains limited, with the products largely viewed as speculative trading instruments rather than viable replacements for traditional derivatives, according to a Monday report by Wall Street bank JPMorgan. Based on conversations with clients and market participants, the bank said institutional interest in perpetuals has been muted. While the contracts offer

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BlackRock’s (BLK) crypto push deepens with Ethena integration, sending ENA up 8%

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Ethena said its yield-generating “synthetic dollar” token will be integrated into BlackRock’s (BLK) Aladdin risk management platform, as the crypto protocol deepens its relationships with traditional financial firms. Monday’s announcement sent Ethena’s governance token ENA (ENA) up about 8% as investors welcomed another high-profile institutional partnership. Aladdin is BlackRock’s portfolio construction and risk management platform

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Ukraine transfers $8.3 million in seized crypto under potential strategic reserve plans

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“This is the first time that seized crypto assets are actually handed over to state leadership,” the statement said. The funds came from wallets controlled by a member of a suspected international hacking group, the bureau said. However, fund management involves custody of digital assets and not ownership of them. The USDT is in a

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Wall Street BNY Expands Circle Ties, Allows Institutions to Create and Hold USDC

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Unlike cryptocurrencies such as bitcoin, stablecoins are designed to maintain a fixed price tied to a fiat currency, typically the U.S. dollar and backed by cash and short-term U.S. Treasury bonds. Initially used primarily by crypto traders on exchanges, they are increasingly finding uses in payments, cross-border transfers and securities settlement. Institutions see significant room

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Millions of European crypto users face sudden search for new digital asset platforms

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The immediate impact will be felt by customers whose exchanges withdraw their services, Fazel told CoinDesk. Several exchanges, including Binance, announced changes to their European services ahead of the July 1 deadline, while others continue to seek MiCA authorization or adjust their products. “When a platform goes down, users unfortunately absorb the shock, like a

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JPMorgan backs US crypto bill but warns of risks from digital asset framework

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The blog comes as the Senate races to advance the Digital Asset Market Clarity Act before lawmakers take their August recess. Although the bill has been approved by the Senate Banking Committee, negotiators are still trying to resolve several contentious issues, including ethics rules for senior officials with crypto ties, liability protections for decentralized financial

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