Global

President Biden vetoed a House Joint Resolution aimed at repealing the Securities and Exchange Commission's (SEC) Staff Accounting Bulletin 121 (SAB 121), which directs financial institutions holding cryptocurrencies for customers to keep the assets on their balance sheets.

As Dogecoin struggles around its 21 and 50-day moving averages, investors are turning their attention to a new alternative called Dogeverse (DV) in hopes of significant returns.

Vitalik Buterin, one of the creators of Ethereum, contributed 30 ETH, equivalent to roughly $113,000, towards aiding the legal defense of Tornado Cash developers Alexey Pertsev and Roman Storm. This donation was facilitated through the decentralized fundraising platform Juicebox.

Renowned on-chain and technical analyst, Ali Charts, has disclosed a significant influx of over 4 trillion Shiba Inu (SHIB) tokens, totaling around $103 million, into crypto exchanges within the past fortnight. This surge in activity coincides with SHIB's volatile price behavior, indicating a shift in investor sentiment.

On Friday, Japanese Bitcoin exchange DMM experienced a significant hack resulting in the loss of 4,502.9 Bitcoin, valued at approximately $305 million USD. The exchange confirmed the unauthorized breach in a public statement, stating that they are still investigating the extent of the damage and have implemented measures to enhance security, including restrictions on certain services.

An upcoming DAO proposal, currently under vote by token holders, is set to unlock over $250 million worth of Arbitrum tokens over the next three years, aiming to bolster the Ethereum layer-2 network's gaming ecosystem.