The Daily: ZachXBT probe alleges insider trading at Axiom, Vitalik’s February ETH sales hit $35M, OCC issues GENIUS Act proposal, and more
ZachXBT alleged insider trading at Axiom, Vitalik Buterin sold $35M in ETH, and the OCC proposed rules for the GENIUS Act.Summary
The daily crypto newsletter highlights several key developments, starting with an investigation by ZachXBT alleging that employees at the crypto trading platform Axiom abused internal tools to access private wallet data for insider trading, leading Axiom to suspend internal tool access during an investigation. Separately, Ethereum co-founder Vitalik Buterin sold 17,196 ETH, totaling about $35 million in February, exceeding his initial open-source project funding pledge. Furthermore, the Office of the Comptroller of the Currency (OCC) released a proposed rule to implement the GENIUS Act, establishing federal oversight for stablecoin issuers, requiring one-to-one backing with liquid assets, and prohibiting interest payments solely for holding stablecoins. Other news includes Sam Bankman-Fried drawing bipartisan criticism for backing the Clarity crypto bill from prison, World Liberty Financial proposing a staking-focused governance system, and Wallet in Telegram introducing yield-earning vaults for Bitcoin, Ethereum, and USDT.
(Source：The Block)