US lawmakers seek to speed crypto legislation as DOJ signals retreat on enforcement
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In a new Congress, lawmakers are quickly working to pass both a stablecoin bill and a market structure bill. Some Democrats on Wednesday raised concerns over the Department of Justice’s move to shutter its crypto litigation division
[DEX Labs CEO: MEV Hinders Institutional Adoption of DeFi]
DEX Labs CEO Aditya Palepu stated that Maximum Extractable Value (MEV) makes it difficult for financial institutions to adopt decentralized finance (DeFi). MEV refers to the process by which miners or validators rearrange block transactions to extract profits. Due to insufficient transaction privacy, institutions face risks of market manipulation and front-running. DEX Labs is a major contributor to the decentralized crypto derivatives exchange DerivaDEX. Palepu pointed out that similar issues exist in all electronic trading markets, stemming from information asymmetry in transaction data ordering, which harms the interests of retail users.
Coinbase has recently achieved significant profit growth, demonstrating its strong performance in the cryptocurrency market. At the same time, the market performance of IBIT has declined, indicating increased competitive pressure. REX achieves revenue growth through volatility trading strategies, attracting investors' attention. The dynamic changes in the cryptocurrency market highlight the competition and opportunities among different platforms. （Decrypt）
Salvadoran President Boukel said that if the government can print unlimited money out of thin air, why do they still need to collect taxes? Bukkel's remarks have sparked discussions on modern monetary policy. （Bitcoin Archive）
The Federal Reserve injected $294 million into the banking system during overnight operations to support liquidity demand and stabilize financial markets. （Cointelegraph）
[Linea Mainnet ETH Bridging Volume Exceeds 1.2 Million Tokens]
According to Dune data, the Linea mainnet has cumulatively bridged and transferred 1,222,464 ETH, with on-chain transaction count reaching 1,310,038 and the total number of interacting addresses increasing to 595,248. This data reflects the significant growth of the Linea mainnet in asset bridging and user interactions, further solidifying its important position within the blockchain ecosystem.