Regulation & Policy

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Aave, Kelp, LayerZero Seek $71M Frozen ETH Release from Arbitrum DAO

Aave Labs, Kelp DAO, LayerZero, EtherFi, and Compound filed a Constitutional AIP on the Arbitrum forum Saturday morning requesting the network's DAO release approximately $71 million in frozen ETH to support rsETH recovery efforts following last week's $292 million Kelp DAO exploit. The proposal
AAVE2,62%
ETH2,21%
ARB1,75%
STETH2,39%
CryptoFrontier·12h ago

Tennessee, United States, fully bans the use of cryptocurrency ATMs

Tennessee Governor signs Bill 2505, fully banning the installation and operation of cryptocurrency ATMs. Violators are guilty of a Class A misdemeanor, and merchants are also not allowed to permit the devices to be placed in business premises. This move is intended to reduce the risk of fraud and money laundering; in the U.S., losses related to cryptocurrency ATMs in 2025 were nearly $390 million, driving multiple states to accelerate regulation.
ChainNewsAbmedia·20h ago