WLFI drops 14% as controversial token unlock goes to vote
The proposal to unlock more than 62 billion WLFI tokens over four to five years has 99.95% approval but is still facing backlash on X.
Cointelegraph
CFTC pulls Wisconsin into fight over prediction market jurisdiction
The US Commodity Futures Trading Commission has sued Wisconsin in the agency’s fifth lawsuit against a US state to assert jurisdiction over prediction markets.
Acting AG Todd Blanche confirms ‘code is not a crime’ in DOJ pivot
Acting US Attorney General Todd Blanche said developers will no longer be investigated or charged unless they knowingly help third parties commit crimes.
Western Union eyes May for its stablecoin USDPT rollout
Western Union CEO Devin McGranahan said the company will focus on expanding adoption and embedding digital assets into its core money movement platform going forward.
US DOJ sentences man to 70 months in prison for role in $263M scam group
The group spent tens of millions of dollars on luxury items and real estate, using funds stolen from crypto users in social engineering scams.
Hyperliquid whale holds $38M short against Bitcoin, but does it matter?
A Hyperliquid whale holds large short positions against Bitcoin and several altcoins. Does the position provide any signal on the markets’ future outcomes?
Crypto protocols pledge 43K ETH to restore rsETH backing
Mantle, EtherFi Foundation, Golem Foundation, Lido DAO, Ethena, LayerZero, Ink Foundation and Tyrdo have all made pledges to the “DeFi United” recovery effort.
Ether taker volume rises by 72% as traders target ETH liquidity gap at $2.6K
ETH derivatives show strong buyer dominance, leading traders to target $2,500 to $2,600 as the next crucial rally.
US law firm apologizes after AI hallucinations made it to a legal filing
Sullivan & Cromwell’s Andrew Dietderich said the company has AI policies to prevent incorrect citations and other errors, but procedures weren’t followed on this occasion.
Code is ‘functional’ free speech under the First Amendment: Coin Center
Crypto software developers are concerned about whether they could be held criminally liable for publishing their software, following high-profile convictions last year.