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Blockchain developer Michael Lewellen has filed a lawsuit against the US Department of Justice (DOJ), accusing the President Joe Biden administration of stifling innovation in the crypto sector through overly broad interpretations of federal money-transmission laws.  Lewellen’s lawsuit centers on his work with Pharos, a non-custodial protocol that facilitates trustless and transparent crowdfunding campaigns. Pharos The post Crypto developer sues DOJ over Biden-era regulatory crackdown appeared first on CryptoSlate.

Coinbase announced a partnership with money market Morpho on Jan. 16 to offer on-chain USD Coin (USDC) loans backed by Bitcoin (BTC), according to a Jan. 16 release. The service will allow Coinbase users to borrow USDC by pledging Bitcoin as collateral. Loans are processed through the layer-2 blockchain Base. The collateral is automatically converted The post Coinbase partners with Morpho to introduce Bitcoin-backed loans on Base appeared first on CryptoSlate.

In traditional finance, assets under management (AUM) are often the most important metric for evaluating investment products. However, Bitwise’s 2025 benchmark survey revealed a departure from this convention in the crypto market — financial advisors prioritize brand reputation and specialized expertise over AUM when selecting crypto investment vehicles. According to the survey, advisors rank expense The post Brand matters more than AUM in crypto investment products appeared first on CryptoSlate.

Senator Cynthia Lummis sent letters to US authorities expressing her concerns over the plans to liquidate the 69,370 Bitcoins (BTC) tied to the Silk Road and the alleged destruction of material regarding the Federal Deposit Insurance Corporation (FDIC) activities on digital assets. In the letter addressed to Ronald L. Davis, Director of the US Marshals The post Senator Lummis urges halt to Silk Road Bitcoin sale, demands FDIC accountability on crypto records appeared first on CryptoSlate.

Switzerland’s state-owned financial giant, PostFinance AG, has launched an Ethereum (ETH) staking service — allowing users to earn rewards while strengthening blockchain security. The initiative is part of the bank’s ongoing expansion into digital assets. The program, unveiled on Jan. 16, lets customers stake as little as 0.1 ETH, with a 12-week mandatory lock-up period The post Swiss state-owned lender PostFinance deepens crypto push with Ethereum staking debut appeared first on CryptoSlate.

Nasdaq filed a 19b-4 Form on Jan.16 to list and trade the spot Litecoin (LTC) exchange-traded fund (ETF) registered by Canary Capital. Bloomberg senior ETF analyst Eric Balchunas sees this as the first altcoin-related ETF approval in 2025. Following an update in the S-1 Form filed by Canary, Balchunas stated that its Litecoin ETF “has The post Analysts believe spot Litecoin ETF likely to be the first altcoin approval as Nasdaq files listing application appeared first on CryptoSlate.

Tether and LayerZero announced on Jan. 16 a joint effort to launch USDT0, a multichain version of the Tether USD (USDT) stablecoin. The Omnichain Fungible Token (OFT) standard, developed by LayerZero, will power the cross-chain transfers. According to USDT0 documentation, OFT unifies liquidity across connected chains and validates transactions through a decentralized network of oracles The post Tether partners with LayerZero to launch cross-chain stablecoin USDT0 appeared first on CryptoSlate.

Blockchain security firm Scam Sniffer warned that crypto investors are facing a surge in malware scams on social media platform Telegram compared to the traditional phishing methods. While phishing still causes substantial losses—estimated at nearly half a billion dollars in 2024—its growth has plateaued. In contrast, Scam Sniffers reported that Telegram malware scams represent a The post Telegram malware scams spike 2,000% as crypto investors face new threat appeared first on CryptoSlate.

Leading asset management firm VanEck has submitted an application for an Onchain Economy Exchange-Traded Fund (ETF), according to a Jan. 15 filing with the US Securities and Exchange Commission (SEC). This proposed fund aims to provide exposure to the broader crypto ecosystem by investing in companies and instruments connected to digital assets. The fund outlines a strategy that The post VanEck eyes new crypto ETF for onchain economy infrastructure appeared first on CryptoSlate.

President-elect Donald Trump is reportedly exploring the inclusion of US-developed digital currencies like Ripple’s XRP and Solana in his proposed national crypto reserve, the New York Post reported on Jan. 16, citing insider sources. This move aligns with his campaign pledge to establish a Bitcoin reserve alongside other potential crypto-focused policies to strengthen the US The post Trump reportedly talking to Ripple with interest in XRP, USDC, Solana for US national reserve appeared first on CryptoSlate.