Crypto News

Tonight’s crypto tape is a mix of old‑school finance going on‑chain, regulators sharpening their knives, and Ethereum quietly turning into Wall Street’s favorite blockchain. Let’s start in New York, where Attorney General Letitia James just sent another warning shot to the industry. Crypto platform Uphold agreed to a $5 million settlement over how it marketed CredEarn, a third‑party yield product that turned out to be fraudulent. The AG says Uphold hyped the product as safe and compliant while customers were taking on far more risk than advertised. The kicker: the platform now has to repay misled users far more than it made from the product. The message is clear – if you’re selling yield to U.S. consumers, especially in New York, expect your marketing blurbs to be treated like legal promises. Ethereum (ETH), meanwhile, is having a very different kind of evening. The price has been grinding in the $2,300–$2,350 range, staring down resistance around $2,387 as bulls eye $2,400. Be...

Police usually don’t get a second shot at lost crypto, but Irish authorities just did. Nearly a decade after drug dealer Clifton Collins supposedly lost access to his stash, investigators working with Europol finally cracked into a long-dormant wallet and moved roughly 500 BTC (BTC) – about 35 million dollars – to Coinbase. For years, the story went that Collins had tossed away the keys and the coins were gone forever. Instead, they’ve quietly sat on-chain, now giving Ireland a windfall and the industry another reminder: in crypto, “lost forever” is sometimes just “not yet recovered.” On the other side of the regulatory spectrum, the U.S. is trying to decide what “safe” stablecoins should look like – and what they should earn. Lawmakers are pushing forward on a compromise version of the CLARITY Act that would block passive, interest-like yields just for holding stablecoins, while still allowing limited, activity-based rewards. For everyday users and DeFi protocols, that potent...