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The provisions of the bill are still in flux as the two continue to speak with stakeholders. The bill is still several weeks away from being introduced.

The post Senators Lummis and Gillibrand are collaborating on a regulatory framework for crypto appeared first on The Block.

Popstar Madonna has acquired Bored Ape valued at more than half a million dollars.

The post Madonna becomes the latest celeb to flaunt a new Bored Ape appeared first on The Block.

Exxon is reportedly running a pilot program to divert gas it has no use for to power crypto mining operations.

The post Exxon pilot project uses wasted flare gas for crypo mining: report appeared first on The Block.

Buenos Aires-based exchange Buenbit has added four new stablecoins to its platform, citing growing popularity for the digital asset class.

The post Argentine exchange Buenbit adds more stablecoins due to growing popularity appeared first on The Block.

Quick Take

• In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding
• L1 teams are starting to develop closer partnerships with other teams, leveraging the technical strengths and communities of their respective networks to forge new synergistic strategies for growth
• This week, we take a look at Avalanche, Terra, BNB Chain, and Cosmos

The Department of Justice said Thursday that it has charged two individuals with conspiracy to commit wire fraud and conspiracy to commit money laundering related to a non-fungible token scam known as Frosties. Per the DOJ, Ethan Nguyen and Andre Llacuna allegedly absconded with the money raised during the NFT sale rather than continue to […]

The post DOJ unveils charges amid investigation into Frosties NFT ‘rug pull’ appeared first on The Block.

After a phishing attack exposed wallets held by DeFiance Capital founder Arthur Cheong, a large amount of vested tokens were at risk.

The post DeFiance Capital rescues $13.3 million at risk of being stolen appeared first on The Block.

A senior lawmaker in Russia’s State Duma has expressed openness to selling the country’s energy in Bitcoin, following major moves away from the dollar and euro. Pavel Zavalny, who heads the State Duma’s Committee on Energy, held a press conference with the Russian government news outlet Russia Today on March 24. In it, he tried to […]

The post Russian lawmaker floats bitcoin as payment option for energy exports as the country moves away from euros and dollars appeared first on The Block.

Quick Take

• DeFi Kingdoms is a browser-based game that gamifies decentralized finance (DeFi) activities through its 2D user interface on Harmony and Avalanche subnet.
• The tokenomics design of its native token JEWEL manages to capture more value accrual than Axie Infinity’s dual model token AXS and SLP. This is largely thanks to its effective game sources and sinks.
• The expansion of its game to the Avalanche subnet may establish a new precedent for the Game-as-a-Service model by allowing third-party protocols to set up their business within its game ecosystem.

Two MEV bots have landed substantial gains today from arbitraging large stablecoin swaps of up to $24 million.

The post MEV bots earn $476,000 by targeting large stablecoin swaps appeared first on The Block.