Can XRP revisit the $3.60 level it? Coinbase files a legal motion requesting a hearing to address the SEC Office: Hodler’s Digest Coinbase is escalating its dispute with US regulators over past communications involving former Securities and Exchange Commission (SEC) Chair Gary Gensler. Coinbase filed a legal motion on Thursday requesting a hearing to address the SEC Office of the Inspector Generals investigation, which found that the agency deleted nearly one years worth of text messages from Gensler and other senior officials in avoidable errors. The exchange said the SEC should explain why it did not conduct a full search of agency records, including text messages from Gensler and senior SEC officials, when it requested the messages in several Freedom of Information Act filings from 2023 and 2024. Read more
Can XRP revisit the $3.60 level it? Coinbase files a legal motion requesting a hearing to address the SEC Office: Hodler’s Digest Coinbase is escalating its dispute with US regulators over past communications involving former Securities and Exchange Commission (SEC) Chair Gary Gensler. Coinbase filed a legal motion on Thursday requesting a hearing to address the SEC Office of the Inspector Generals investigation, which found that the agency deleted nearly one years worth of text messages from Gensler and other senior officials in avoidable errors. The exchange said the SEC should explain why it did not conduct a full search of agency records, including text messages from Gensler and senior SEC officials, when it requested the messages in several Freedom of Information Act filings from 2023 and 2024. Read more
The privacy roadmap included adding features for private transactions and decentralized identity solutions across Ethereum's tech stack. The Ethereum Foundation has released a roadmap to bring end-to-end privacy features to the Ethereum network, a layer-1 (L1) smart contract blockchain, and rebranded its “Privacy & Scaling Explorations” initiative to “Privacy Stewards of Ethereum” (PSE). PSE said it aims to bring privacy solutions to the protocol, infrastructure, networking, application, and wallet layers in Friday’s announcement, and laid out several key goals for the next 3-6 months. These included enabling private transfers through the development of the PlasmaFold layer-2 network, confidential voting, and privacy in decentralized finance (DeFi) applications. Read more
US dollar-pegged Stablecoins have become commoditized, diminishing the need for individual price tickers from the viewpoint of crypto users. Dollar-pegged stablecoins will eventually lose their price tickers, as exchanges abstract away the differently denominated stable tokens on the backend, presenting only a “USD” option to the user, according to Mert Mumtaz, CEO of remote procedure call (RPC) node provider Helius. The bidding war for the Hyperliquid USD stablecoin (USDH), and proposals from several firms promising to give 100% of the yield back to Hyperliquid, revealed that the stablecoin sector has become “commoditized,” Mumtaz said. Mumtaz added that he expects many companies to issue their own stablecoins and many existing stablecoin issuers to start their own payment chains in the future, which may create liquidity fragmentation, keeping capital trapped within those ecosystems. Read more
The 24/7 nature of onchain markets makes spot crypto collateral preferable to lenders than crypto held in investment vehicles like ETFs. Fabian Dori, the chief investment officer at digital asset bank Sygnum, says that banks offering crypto-backed loans prefer crypto collateral in the form of onchain assets rather than exchange-traded funds (ETFs), and using onchain collateral can benefit borrowers. Dori said that onchain assets are more liquid, allowing lenders to execute margin calls for crypto-backed loans on demand and offer higher loan-to-value (LTV) ratios to borrowers because the lender can liquidate the collateral in real-time. Dori told Cointelegraph: Loan-to-value ratios in crypto refer to the total amount of a loan versus the collateral backing the loan, like Bitcoin (BTC), Ethereum (ETH), or any other tokens accepted by the lender. Read more
DOGE’s price technicals and on-chain data suggest the bull market is not finished, strengthening the case for a move toward $0.60. Key takeaways: Dogecoin has broken out of a multimonth symmetrical triangle. Trading volumes tripled during the breakout, signaling strong bullish momentum. Read more
Top Web3 white hats are earning millions uncovering DeFi flaws, far surpassing traditional cybersecurity salaries capped at $300,000. Top white hats hunting vulnerabilities across decentralized protocols in Web3 are earning millions, dwarfing the $300,000 salary ceiling in traditional cybersecurity roles. “Our leaderboard shows researchers earning millions per year, compared to typical cybersecurity salaries of $150-300k,” Mitchell Amador, co-founder and CEO of bug bounty platform Immunefi, told Cointelegraph. In crypto, “white hats” refers to ethical hackers paid to disclose vulnerabilities in decentralized finance (DeFi) protocols. Unlike salaried corporate roles, these researchers choose their targets, set their own hours and earn based on the impact of what they find. Read more