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1. U.S. Senate Plans to Enact Strict Regulation on DeFi Through Legislation link On July 19th, according to Coindesk, the U.S. Senate is preparing to pass a new bill that aims to regulate the cryptocurrency industry, specifically proposing strict anti-money laundering (AML) requirements for DeFi protocols. The bill would require DeFi protocols to implement bank-like controls on their user base. Its purpose is to combat cryptocurrency-related crimes and cut off avenues for evading sanctions. The document states, “If no one controls the DeFi protocol, then anyone who contributes over $25 million to developing the protocol will be subject to these obligations.” @BillHughesDC pointed out that this should not be completed as legislation within this year. The proponents of the bill stated that they hope it will serve as a starting point for discussions concerning national security in relation to DeFi. Supporters and promoters in the United States will be responsible for ensuring that the pr...

The Solana Foundation has launched a real-time carbon emissions tracker to monitor the Solana blockchain. The Solana Foundation, in collaboration with Data platform Try carbon ara, announced the launch of a real-time tracking dashboard to measure carbon emissions on the Solana block chain .  1/ Today, the Solana Foundation is leading the charge in the climate fight by making Solana one of the first blockchains to have its emissions measured in real time, thanks to a new data portal created with TryCarbonara. Learn more: https://t.co/k4QsZmtjHn pic.twitter.com/gqPwpKtv3u — Solana (@solana) April 21, 2023 According to a blog post from the foundation, this represents the first “major smart-contract blockchain” to measure carbon emissions in real-time. The organization hopes this will spur a trend towards carbon emissions transparency in the blockchain ecosystem: “The Solana Foundation hopes to set a new standard for measuring emissions in blockchain by publishing this data.” The n...

MetaMask stated its security team is working with others in the Web3 wallet space to uncover the source of this exploit. Cryptocurrency wallet provider MetaMask has denied claims that an exploit of its wallet is the cause of a “massive wallet draining operation" that has claimed over 5,000 Ether (ETH). On April 18, MetaMask tweeted in response to a series of tweets posted on April 17 by Taylor Monahan, the founder of Ethereum wallet manager MyCrypto, who explained an unidentified wallet-draining exploit has stolen over $10.5 million in crypto and nonfungible tokens (NFTs) since December 2022. “Recent reporting on [Monahan’s] thread has incorrectly claimed that a massive wallet-draining operation is a result of a MetaMask exploit,” MetaMask said. Recent reporting on @tayvano_’s thread has incorrectly claimed that a massive wallet draining operation is a result of a MetaMask exploit. This is incorrect. This is not a MetaMask-specific exploit. https://t.co/MiJ3QgslMy — MetaMask (@M...