SEC Chair Gary Gensler faced criticism during yesterday’s congressional hearing over the agency’s approach to regulating cryptocurrencies despite omitting any mention of digital assets in his written testimony. Lawmakers and SEC commissioners questioned the effectiveness and clarity of current strategies, highlighting concerns about “regulation by enforcement” and the absence of explicit guidelines. House Financial Services The post Gensler ignored digital assets in Congressional testimony before 4 hour grilling on crypto appeared first on CryptoSlate.

SocialFi app Phaver launched its Phavercoin (SOCIAL) token today, initiating the Phairdrop event that marks the platform’s transition to a token-powered decentralized social ecosystem. The token generation event signifies Phaver’s move from the “DeSoc” era to the “SocialFi” era, integrating the SOCIAL token into its point economy and in-app functionalities. As of press time, SOCIAL The post SocialFi super app Phaver launches SOCIAL token airdrop rewarding Lens, Farcaster users appeared first on CryptoSlate.

Lido Finance reported that its total value locked (TVL) increased by 10.83% over the past week, reaching $25.18 billion as of Sept. 23. This growth is primarily attributed to a rise in Ethereum’s token price, which boosted the value of assets staked through the platform. Despite the overall increase in TVL, a net total of The post Ethereum price surge lifts Lido TVL by 10% despite 26k ETH withdrawals appeared first on CryptoSlate.

BlackRock has amended its custody agreement with Coinbase, updating operational procedures for its iShares Bitcoin Trust ETF. According to an SEC filing dated Sept. 16, the amendment to the Coinbase Prime Broker Agreement introduces changes aimed at improving withdrawal processes and asset management during unsettled trades. The modifications shorten Coinbase Custody withdrawal processing time when The post BlackRock amends Coinbase custody agreement to require 12 hour withdrawals amid debt rumors appeared first on CryptoSlate.

Hut 8 and Bitmain have announced the launch of the Antminer U3S21EXPH, an ASIC miner featuring direct liquid-to-chip cooling within a U form factor. Hut 8 plans to deploy this model in the second quarter of 2025 through a hosting agreement that could expand its hashrate under management to approximately 33.5 exahash per second (EH/s). The post Bitmain’s new 860TH/s liquid cooled rack mounted Bitcoin miner built alongside Hut 8 appeared first on CryptoSlate.