Leo Jakobson

1 week ago | thedefiant.io | Leo Jakobson

The first draft of the broad market structure and regulation bill that the cryptocurrency industry has been calling for has been released. A bipartisan group of House members has introduced a draft bill regulating the broad cryptocurrency market. As expected, the CLARITY Act of 2025 grants the Commodity Futures Trading Commission (CFTC) broad authority over most crypto assets, significantly reducing the Securities and Exchange Commission’s (SEC) role in overseeing digital assets.

1 week ago | thedefiant.io | Leo Jakobson

The Securities and Exchange Commission confirmed that protocol staking does not fall under its purview, making it far more attractive for financial institutions to participate. With a letter confirming that protocol staking activities are not securities transactions, the U.S. Securities and Exchange Commission (SEC) has sent a clear message to traditional financial institutions and fintechs that they can get in the game.

1 week ago | thedefiant.io | Leo Jakobson

According to analysts, ETH's price action this month is the result of the upgrade, and a refocus on core activities. Ethereum is finally getting its mojo back. After months in the doldrums with its price stuck at or under $2,000, ETH pushed above that level just a day after its long-awaited Pectra upgrade went live, earlier this month. The ETH price then proceeded to surge further up, breaking above $2,500 on May 10, levels it has managed to maintain most of the past three weeks.

1 week ago | thedefiant.io | Leo Jakobson

The Chairman of Bitcoin treasury firm Strategy says public wallet addresses are a security risk. Arkham Intelligence is outing them anyway. Michael Saylor wants to keep the Bitcoin wallet addresses holding his $61.5 billion hoard a secret. Blockchain analytics firm Arkham Intelligence is intent on seeing that he doesn’t.

1 week ago | thedefiant.io | Leo Jakobson

The EF has caught flak for funding its day-to-day operations by selling ETH. With a $2 million loan on Aave, it may be turning to DeFi borrowing to replace those sales. The Ethereum Foundation appears to be jumping deeper into DeFi, as the founder of Aave revealed on X that it has just borrowed $2 million worth of the decentralized lending platform’s GHO stablecoin. “The EF is not only supplying ETH to Aave, but also borrowing from Aave,” said Stani Kulechov.