Terra Luna Classic Burns LUNC, USTC Holdings, Price Up?
Terraform Labs shuts down Shuttle Bridge in the midst of regulatory settlement, resulting in the burning of 251B LUNC and 264M USTC by Terra Luna Classic. Terraform Labs (TFL) has conducted a significant token fire, removing 251 billion Terra Luna Classic (LUNC) and 264 million TerraClassicUSD (USTC) tokens from circulation. The burn was a component […]
Coinbase Wins Lawsuit In FOIA Case Against US FDIC
Paul Grewal, the Chief Legal Officer of Coinbase, has disclosed that the FDIC has been ordered by a judge to disclose the halt letters from Operation Chokepoint 2.0. CLO of Coinbase In his opinion, the judge in the FDIC FOIA case has ordered the agency to produce the Operation Chokepoint 2.0 pause letters remarkably rapidly. […]
Crypto-backed PAC Raises $78M for 2026 Midterm Elections
A political action committee (PAC) disclosed it had raised millions of dollars to support pro-crypto candidates in the 2026 midterm elections, with the 2024 United States elections closing in less than 48 hours. In a November 4 notice, the Fairshake PAC disclosed receiving $48 million in contributions from Coinbase, a cryptocurrency exchange, and Andreessen Horowitz, […]
a16z Crypto Pledges $23M for Bipartisan US Regulations
a16z Crypto pledged $23M to Fairshake, increasing its total to over $78M for bipartisan US crypto regulation amid $169M from crypto firms for the 2024 elections. On Monday, a16z Crypto announced that it would provide Fairshake with an additional $23 million in funding, in exchange for bipartisan support of US cryptocurrency rules. As a result […]
Biconomy Acquires Klaster for Modular Execution Environment
To establish a Modular Execution Environment (MEE), Biconomy, a provider of account abstraction for Web3 and decentralized applications (DApps), has acquired Klaster, a blockchain abstraction specialist. One of the primary objectives of the acquisition is to enhance the user experience and simplify blockchain complexities for developers through the development of the MEE, a conceptual framework. […]