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Senator Lummis has introduced a bill to include crypto in mortgage approvals. The bill targets young buyers and aligns with FHFA’s recent crypto directive. Critics cite crypto’s volatility as a mortgage default risk. US Senator Cynthia Lummis of Wyoming has proposed legislation that, if passed, would require housing finance agencies to consider digital assets in evaluating mortgage loan applications. The bill has sparked debate on Capitol Hill, with supporters viewing it as a step toward financial modernisation and critics warning […]

Hyperliquid API outage halted trading for over 30 minutes. Frontend crash revealed DeFi’s centralised weak points. Automated refunds planned for affected users. Hyperliquid, a fast-growing decentralised exchange built on its own Layer 1 blockchain, has announced it will compensate users affected by a sudden API outage that disrupted trading activity on Tuesday. The API outage, which occurred on July 29 between 14:10 and 14:47 UTC, left users unable to close positions, execute trades, or withdraw funds through standard interfaces. Although the […]

JPMorgan Chase cards can be used for crypto purchases on Coinbase this fall. Chase rewards points will be redeemable for USDC starting in 2026. JPMorgan Chase accounts to link directly with Coinbase for easy transfers. In a landmark move signalling the deepening ties between traditional finance and digital assets, Coinbase and JPMorgan Chase have announced a strategic partnership aimed at making crypto more accessible to millions of Americans. This collaboration brings together the largest US bank and one of the […]

Polygon’s Heimdall consensus layer was down for 1 hour today due to a consensus bug. The Bor layer stayed live, and transactions continued uninterrupted. The bug follows the recent complex Heimdall V2 upgrade. Polygon, one of Ethereum’s leading Layer 2 scaling solutions, suffered a temporary outage on Wednesday, July 30, 2025, that halted its Heimdall consensus layer for approximately one hour. Notably, the unexpected disruption came just weeks after the network’s most technically complex upgrade since its inception in 2020. […]

Crypto markets saw over $200 million in liquidations in one hour during Fed Chair Powell’s hawkish remarks. Bitcoin (BTC) briefly dipped below $116,000 before recovering to above $117,000. The US Federal Reserve held interest rates steady, with Powell citing potential inflationary pressures from tariffs. A wave of volatility swept through the cryptocurrency markets on Wednesday, as Federal Reserve Chair Jerome Powell’s hawkish remarks on inflation and tariffs sent leveraged traders scrambling. The sudden market tremor resulted in over $200 million […]