A decentralized finance project linked to a Trump-affiliated venture
A procedural vote on the Clarity Act has failed to reach the 60-vote threshold in the Senate, leaving the crypto-regulation bill in limbo as lawmakers head into the midterms. The measure, which would establish a federal framework for digital assets, faces divided support and ongoing opposition over ethics provisions and broader regulatory concerns.
Two naval vessels from India and Pakistan have collided in international waters in the Arabian Sea. Both sides have summoned diplomats and framed the incident as a breach of existing agreements. The event marks renewed direct military tension between the nuclear-armed rivals since last year’s escalation.
Binance has disclosed a security breach that has affected an estimated $6.3 billion in client assets, suspended withdrawals and worked with stablecoin issuers to freeze roughly $2.5–3 billion on-chain. The FBI and US law enforcement partners are tracing stolen funds, which investigators say have been converted mainly into ether and routed through DeFi and instant-swap services.
Binance has replenished the majority of stolen assets from a historic cyberattack. The company will cover the remaining losses with a combination of internal funds and insurance. Authorities are tracing funds as withdrawals resume in phases to restore user access.
Binance has disclosed a security breach affecting about $6.3 billion in client assets, marking the largest crypto hack on record. The firm is replenishing funds from its SAFU reserve and company resources, with roughly half the stolen assets already frozen. Withdrawals have resumed in phases, and the incident raises questions about centralization and customer protection in a decentralized-leaning industry.
Democrats have emerged with new majorities and are ready to wield subpoena power to probe the Trump administration, family business dealings, Epstein matters, and ICE operations. Leaders say the focus is on accountability and affordability for Americans, with impeachment discussions potentially revisited if warranted.